Al Peia's Blog: March 11, 2011 posts

Business / Economic / Financial

[ This link to a somewhat more cumulative blog posts page will precede current days news since most all topics remain current in terms of impact and longer-term effect and can be searched by topical index term more easily. The same is provided since the blog site http://alpeiablog.blogspot.com has just been censored as to size by google which is typical for google as nsa / cia / gov’t shill as more are becoming aware of. The same is true for microsoft, another co. that’s seen their best days and relies on the government to maintain their monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and clarity thereby while the Washington Post page is the real deal but without formatting http://www.washingtonpost.com/wp-srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia . The following is the cumulative archive of blog posts / topics for 2010 as the new year starts anew: http://albertpeia.com/December312010postsarchive.htm or PDF formatted version
http://albertpeia.com/December312010postsarchive.pdf ]

Milbank: King's red scare (Washington Post) [ It truly is difficult for me to imagine being on the same page as Mr. Milbank on virtually any topic at all; and, yet here I am, on the same page agreeing with him with what has already occurred to me in thinking about the mccarthyish way of political opportunist for his zionist district politics, neocon peter king. It is important to distinguish the ‘anti-communist’ tenor of mccarthy’s day, communism being in my view a very real threat in light of my own staunch opposition to communism, the ultimate ‘b* s*’ political doctrine / social organization whereby everybody is purportedly equal, yet some bureaucrats / party members were far more equal in every way than others. Yet, pervasively corrupt / defacto bankrupt america (Batista’s cuba is an example on smaller scale) has become a poster-child for the failure of capitalism (though capitalism is but a fading memory for america in favor of the corrupt bureaucratic morass it’s become) with totalitarian communist china the greatest beneficiary though it’s capitalism that has garnered china enormous success. The irony of it all. While the communist threat was all too real, from the beginning (upon the long overdue fall of communism), there was a void sought to be filled by the military industrial complex, neocons, zionists, war profiteers, etc., literally ‘militants without a cause’. A sad reality that’s all too real. ]

NATO endorses plan for Afghan forces to take over several areas (Washington Post) [ Yeah! Sounds like a plan … if the several areas encompass the entire nation; and, nato quits their foolishness in wasting money they don’t have for the sake of the military industrial complex, war profiteers, thieves, and (nato) heroin dealers. ]

Major changes ahead for U.S. mortgage system (Washington Post) [ Duh! Ya think? … How ‘bout major changes to the entire pervasively corrupt, defacto bankrupt u.s. (illegal) system, long overdue … SEC chief: Becker should not have worked on Madoff fallout (Washington Post) [ Oh come on! Everyone now knows here and abroad that capital hill is just an incestuous, nepotic morass of venal, greedy, corrupt incompetents who do or don’t do whatever is necessary to further their personal financial interests, including bribes both direct and indirect, now or later. Between goldman’s / citi’s rubin, and paulsen, and etc., etc., they’ve pillaged the treasury and aided / abetted / covered up a still extant fraud. Now those who can, do; those who can’t, work for the u.s. government. Who’s the head of enforcement? A goldman man of course. Madoff? House Republicans press SEC on official's ties to Madoff (Washington Post) [ The ultimate subterfuge. Mr. small potatoes madoff the focus of so much influence … yet he’s in jail … and the only one … Boy, did mary shapiro become total b* s* fast … the current shibboleth of capital hill / all 3 branches of pervasively corrupt u.s. government … joining the others: “The Financial Industry Has Become So Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And Law Enforcement” The economy cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem determined to turn a blind eye to Wall Street shenanigans, and is now moving to defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich…’ Financialization and Our Increasingly Unstable Economy Roche ‘I finally got around to seeing the movie Inside Job, the story behind the credit crisis and winner of the Academy Award for best documentary. It’s very good and I highly recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The movie doesn’t place nearly enough blame on homeowners, but all in all it does an excellent job of showing how Wall Street and government have become overrun by deregulation and sheer greed. A combination of flawed economic theory and greed have combined to create the beast that we now call a “functioning” economy. The worst part of it all is that President Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place. …’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( now what do holder and wobama have in common … is it wall street money ………… is it a proclivity for jive-talking / b* s* ………all of the above, some of the above ……….. or is it something else …… here’s a hint - `UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...` `CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘`In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ `US v. AZ...` Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related

[Here’s an archived version

’Inside Job’ New Documentary Exposes Wall Street Fraud And How Banksters Continue To Steal Our Money

Web site Link / Path to archived file: http://www.albertpeia.com/insidejob.flv [45mb ]

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

] Former general counsel inherited part of a Bernard Madoff account.

Ethics code urged for Supreme Court (Washington Post) [ Sounds like a plan! Come on! Wake up! After all, what can you expect from two guidos from ‘jersey (alito and scalia, colloquial – note that I have refrained from using what some might consider disparaging terms as w*p*, gui***s, or da***s … and let me state for the record that I truly loved and respected my grandmother who was 100% Italian/Bari,Italy and as well my grandfather/Lake Como,northern Italy with greek ancestral roots and I thereby claim standing/right to posit the criticism in light of my direct experience. ). How ‘bout starting with enforcing laws as to judges, liars, etc., within the very corrupted american illegal system; and, particularly bribes which in one form or another are rampant . I don’t know about Thomas ( 3-4-11 Throw Clarence Thomas Off the Bench (The Daily Beast) ) , but I do know about alito and ‘jersey … :

October 15, 2010 (*see infra)

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as fbicorrespondencereyes.htm . With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,

A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia

611 E. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).

] Group of law professors' appeal comes after controversies involving travel and appearances at political events by several justices.

Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR [ The instant video from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website; also, because the facts and views presented comport with the facts and views I’ve presented on my site which I believe to be correct. This is a must-view, must-see that I strongly recommend!
The complete url: http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ( 146mb – approx. 1 hr. 17 min. ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 ( 374mb ) Written text of presentation (without pictures / charts) http://www.albertpeia.com/stansberrypresentation.htm ]

] Higher down payments could be demanded by lenders, and the availability of long-term mortgages with fixed interest rates could be curtailed.

Disaster in Japan threatens recession recovery (Washington Post) [ Recovery? … Dreamin’ … and, we’re way past the ‘straw broke the camel’s back’ … we’re really talkin’ about final nails in the coffin … This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b*** s*** alone is an especially great opportunity to sell / take profits while you can since there's much worse to come! What Can the Great Depression Teach Us About Our Great Recession? Chartprophet ‘Is the massive market rally of the past two years just a temporary recovery that has tricked many investors to jump back into stocks right before the next plunge? And how can the Great Depression reveal what may happen to the markets this year, almost 80 years later?As we enter the third year of what has been a very impressive "bull" market, many are left wondering whether this incredible run of as much as 100 percent on the S&P 500 can continue - and for how long. Yet while the economy seems to have rebounded very strongly off of its early 2009 lows, accompanied by improving fundamentals, increased company earnings, and a more optimistic consumer, many investors fail to at least consider the thought that this entire "recovery" could, in fact, be just an extreme overreaction to the 2008 market crash. In other words, the huge rally we have seen in the global stock markets since early 2009 could be just a temporary recovery and pause before the next - and possibly worse - market decline.

It was less than a year ago that the fear of an economic "double dip" - a plunge back down to recession - intensely gripped the markets. The "flash crash", BP oil spill, European troubles, high unemployment, and potential derailment of the economy all posed a severe threat to the viability of our recovery. Yet while many parts of the economy seem to have been improving, there are still so many issues surfacing daily that most of the world is basically ignoring. I am not saying that all these issues are guaranteed to pull us back into recession, but with such a huge rebound in stocks accompanied by so many potential derailers, it may not be so far-fetched to at least consider the possibilities of the tremendous upcoming turmoil.

The issues now: huge government debt, credit crisis, European troubles, high insider selling, Middle East turmoil, surging oil prices that threaten to hurt the economy, soaring commodity prices, surfacing inflation, uncertainty about the Fed's QE2 and QE3, billions of dollars of toxic assets on the balance sheets of many banks, emerging market weakness since the end of 2010, real estate bubbles from China to Singapore, rationalization of fundamentals and a strong complacency that things will continue to be just as positive as they have been, a very slowly-improving unemployment picture, and perhaps one of the most telling points - the average investor is finally getting back in, and maybe right at the end of the rally.

So why should investors at least consider the possibility of a "double dip"? What are the potential scenarios if this tremendous market rally was, in fact, a "fool's rally"? And what can the Great Depression teach us about our current situation?

First, we must understand what a "fool's rally" is:

Otherwise known as a "Dead Dog Bounce," the fool's rally is a corrective bounce or temporary rebound that follows a severe decline in an individual stock or broader market. Following a severe decline, stocks and markets can sometimes see sharp bounces off of the lows as a rapid overreaction to the downside is followed by an overreactive bounce to the upside. In other words, a market crashes quickly and sharply but rebounds temporarily as much of the bad news takes some time to fully sink in.

This phenomenon is has been termed the "Dead Dog Bounce," based on the statement that "even a dead dog will bounce" if dropped from high enough. Here's an image of what this looks like:
[picture]
The Dead Dog Bounce is just a temporary recovery, however. The scenario is as follows: 1) the market drops sharply; 2) after an extreme downturn, the market recovers as some investors buy up what they consider to be "value"; 3) the market cannot make it all the way back up to where it started its down move, however, because the economy is nowhere near as healthy as it was; 4) the investors who have pulled their money out of the stock market or who have missed the recovery now jump back in, thinking the market is going back up; 5) since this has been a dead dog bounce, and therefore just a corrective rebound before the dead dog falls back down, many investors were tricked into thinking the recovery was underway - but the market enters the next phase of decline or recession. A double dip takes place.

Think of a tennis ball dropped from the top of a building: as it drops, it gains momentum, hits the ground, and bounces up - but the bounce can not be as high as its original point. And following that bounce, it will ultimately be pulled back down by gravity. So too the Dead Dog Bounce - the market drops from above, falls sharply, hits the "ground," bounces back up (but not as high), and ultimately falls back down.

[picture]

I bring the Great Depression up because it is one of the best examples of a Dead Dog Bounce. We often think of the Crash of 1929 as the biggest event of the Great Depression, and perhaps also consider it to be the biggest drop in the market. But that actually wasn't the case.

Here's how the Dead Dog Bounce played out in the Great Depression:

click to enlarge
[chart]
Following 17 years of sideways movement beginning, the market finally embarked on an uptrend from 1921 to the ultimate peak of 1929.

Compare the above chart to what we have recently seen in our market:
[chart]
Like the Dow from 1904 to 1921, the Dow of 1960 to 1983 was also stuck in a long sideways trend. It eventually broke out above the 1,000 level in 1983 and began one of the greatest bull markets we have ever seen. Like the 1929 top before the Great Depression, the 2007 peak marked the top before the Great Recession we find ourselves in. The two charts above look eerily similar, and make dismissing the relationship between the Great Depression and Great Recession almost a fool's move.

Now take a look at the 1929 stock market crash:
[chart]
After reaching a peak of 380+, the Dow tumbled to under 200 as the Crash of 1929 sent markets into a free-fall. Following the Crash, a Dead Dog Bounce took place - raising the market approximately 50 percent.

Compare the 1929-1930 Crash-Dead Dog Bounce scenario with what we have just seen:
[chart]
After a bull market from 2003 to the end of 2007, the Dow reached a peak of over 14,000. As the housing market collapsed, so did the stock market - sending the Dow below 6,500. As in the Dow of 1929-1930, a potential Dead Dog Bounce has followed since 2009 and continues until today.

The question remains - what followed the Dead Dog Bounce of 1929-1930, and will our market follow the same course?

Here's how it played out in 1930:
[chart]
The Crash of 1929 was almost negligible in comparison to the Great Depression that followed. The Crash sent the Dow tumbling from 380 to 200, and was followed by a Dead Dog Bounce which recovered over 50 percent of the Crash; but the real damage was done beginning in April 1930 and lasting until late 1932 - where the Dow toppled from nearly 300 to less than 50 - a loss of over 83 percent.

The Dead Dog Bounce in 1929 and 1930 was just a corrective overreaction to the steep plunge that the Crash of 1929 brought to the market. But as we can see, the Crash and the ensuing bounce were nothing compared to the huge drop that followed and carried through until the end of the Great Depression.

We now find ourselves in perhaps a similar situation - a market that saw a very impressive bull run for years, and reached a lofty top followed by a severe downturn in 2008 and early 2009. It has since shown signs of improving, and many investors and economists are optimistic for the future - thinking the worst is behind us. But with so many negative and potentially devastating issues constantly surfacing, are we just in the middle of a Dead Dog Bounce before reality sets in and the market plunges back down into recession? I do not yet know the answer to that question. But with the very strong similarities between our market and that of the Great Depression, it would be very wise to at least pay attention.

[picture]

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.’

] The earthquake and tsunami in Japan struck an area that accounts for only a small fraction of the country's economic activity, but damage could still run into the tens of billions of dollars.

Japan reeling after quake (Washington Post) [ Japan reeling, wall street rallying? … What’s wrong that picture? … Hello! … earth to wall street, reality calling … Can’t be good for oil prices, or the debt market (for u.s.) for starters … Who, Besides Ben Bernanke, Wants to Buy (u.s.) Bonds? [ Well, PIMCO just voted with their feet (they’re out of them) … Japansunami will preclude same (note: despite the dire implications for defacto bankrupt america owing to their costly reconstruction preoccupation … market suckers’ rally anyway to keep investors suckered and from getting any rational selling ideas over the weakend … you can do such things, especially into the close, with those computerized high frequency trade programs which are great for generating commissions from the old ‘in-out, in-out’, and then some … these days like last crash / crisis are made for such frauds.) … don’t go looking to china to take more baths, especially with that recent trade deficit of theirs. The answer is no-one! And, one can begin to see the fed’s reluctance to alow proper scrutiny of their books; beyond their complicity in the massive wall street frauds, cashed out with their help, there’s the worthless ‘paper on paper’ debacle just around the corner. ] A bulldozing tsunami leaves the country bracing for an epic humanitarian disaster.

Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global stock markets, including China, Brazil, India and Hong Kong, have been in fairly significant corrections since November, down between 12% and 17%. Their major concerns have been rising inflation and the resulting monetary tightening by their central banks to combat the inflationary pressures...So was this week’s stumble the beginning of a more serious correction? The events and reports this week did provide more evidence that the stock market may be ahead of reality regarding prospects for the economy, and therefore corporate earnings, going forward, which should at least limit the market’s upside potential. Limited upside potential equals more downside risk? It might be wise to lighten up some into strength that may develop over the next few days during the ‘monthly strength period.’

BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Blodget ‘Investors have gotten wildly bullish of late, as the bull market that started in early 2009 keeps driving stocks to new highs. But the pigs are about to get slaughtered, says Bob Prechter, president of Elliott Wave International and editor of the Elliott Wave Theorist. Prechter still thinks the new bull market is just a cyclical "retracement" of some of the bear market losses that we've had since the market crashed in 2008. Prechter expected this retracement to drive stocks 50% above the market lows, but stocks have since soared 30% higher than than he expected. So when the day of reckoning comes, Prechter thinks, it will be even more startling. And Prechter still thinks that stocks will eventually crash to new bear-market lows (read: below 6,800 on the DOW). What makes Prechter think this day of reckoning may come sooner rather than later? Sentiment indicators and other technical analysis. Investor bullishness has now gotten so extreme, Prechter says, that it has exceeded the levels in 2008 before the market crashed. Investors could still get even more bullish, of course, but eventually they'll pay for this optimism. And Prechter's not just bearish on stocks: He thinks oil, silver, and other commodities are absurdly overvalued, too. The only thing he's bullish on is the dollar. And lest he be dismissed as a perma-bear, Bob Prechter is quick to add that he hopes there will come a day when he can come on the show and tell everyone that stocks are finally so crushed and hated that it's a historic opportunity to buy them. When will that be? Stay tuned...’ The Case for a Bear Market for Stocks Suttmeier ‘In making a bearish call on the U.S. stock market, I base it on both fundamental and technical factors. The fundamentals show that stocks are overvalued and we have had three ValuEngine Valuation Warnings so far this year. The January warning was ignored by the market but so far stocks peaked with the warning issued on February 18 and re-iterated on March 3. During this period we have seen many days where all 16 sectors have been overvalued, with eight to 11 by double-digit percentages. Today 63.8% of all stocks are overvalued, and all 16 sectors are overvalued, 11 by double-digit percentages…’

Ellen Bente Oliver ‘Salary of House/Senate...$174,000. Salary of Speaker of House...$223,500. Salary of Majority/Minority Leaders...$193,400. Average US Salary...$33,000 to $77,000. Maybe our elected officials should make an average salary too...It's a time of sacrifice after all...Pass along, post on your own page if you agree…’

World's richest are almost $1 trillion richer [ And the other 95% trillions poorer. ]

Utilities Are Warning the Correction Is Here Gayed ‘The utilities sector (IDU) may not be the most fascinating sector of the market to watch, but in many ways can be one of the most important. Legendary technical analyst Edson Gould, known for being one of the best market timers of all time, believed that the performance of utilities was an early indicator for broad market movements. He noted often times that when utilities performed exceptionally well, within a short period of time, markets would experience a period of volatility and declining prices…’

2 Years After the Bottom, the 'Smart Money' Is Selling: "It's a Bit Late to Go Long," Nenner Says Nenner ‘Wednesday's two-year anniversary of the start of the bull market proved anticlimactic as major averages fell slightly. The selling picked up steam early Thursday as renewed concerns about Europe's debt crisis offset any positive impact of falling oil prices.

In recent trading, the Dow and S&P were down about 1.3% each while the Nasdaq was off 1.5%.

Such lackluster action is likely to continue in the near term, followed by something much worse for the bulls, according to cycle watcher Charles Nenner of the Charles Nenner Research Center.

"I think it's a bit late to go long," Nenner says, suggesting investors should not expect much more upside from stocks. For the near-term, Nenner expects the market to remain within a trading range between 1307 and 1356 on the S&P 500. (The S&P fell below 1307 early Thursday; a close below that level would mean "big trouble," Nenner says in the accompanying video, taped Wednesday afternoon.)

"We don't intend to go short right now," he says...with "right now" being the operative term.

Looking further out, Nenner is sticking with a forecast of "Dow 5000" over the next three years, a call based partially on his view that deflation remains the primary threat, not inflation. (See: Deflationary Hurricane Will Slam Into U.S. Economy, Charles Nenner Says)

"I would challenge people: ‘how do you get to inflation?'," he says, suggesting wage pressures are the key determinant, not food or energy prices or even Fed policy. "What's clear is that wage demands lead to inflation; people want higher wages and then you get an upside spiral," Nenner says. "People are still happy they have a job, so I don't see any wage inflation, so it means there's no inflation" -- at least not in Europe and the U.S.

The Price of Prognostication

A former market-timing consultant at Goldman Sachs, Nenner has been lauded here and other venues for some of his prescient calls in recent years, most notably:

-- Forecasting a Dow peak of 14,500 in the summer of 2006.
-- Predicting a "substantial drop" in housing in Aug. 2006.
-- Calling the market top in October 2007.
-- Forecasting in late 2007 a "deflation scare" would occur in 2008.
-- In February 2009, predicted a major rally would start "in a few weeks" and could take the S&P as high as 1000.

But Nenner has had his share of clunkers too, including a forecast here that 2010 would be a grim year for both the economy and the markets. In April 2008 on CNBC, he was bullish about the second half of the year and predicted a return to old highs.

Hopefully Nenner's "Dow 5000" call will be similarly misplaced.

I point out these gaffes not to embarrass or make fun, but to remind viewers that to err is human and everything you see/hear should be taken with a grain of salt...assuming you're not already.

Aaron Task is the host of Tech Ticker. You can follow him on Twitter at @atask or email him at altask@yahoo.com’

Stocks for Brave Adults Only: Dave's Daily ‘Stock rallied in the afternoon led by oversold conditions and that's about it. You could argue those that could lifted some indexes over the breached 50-day moving average. But, with the NYMO at a -70 reading yesterday markets became quickly short-term oversold. Now many wondered with the catastrophe in Japan, U.S. stocks should not have risen. This is understandable and I got a lot of mail about this, but perversely, it may have been more important the Saudi Day of Rage was a nonevent--just ask Prince Alwaleed. Moreover, imagine the amount of reconstruction spending that follows these disasters. Bulls also felt the poor data Friday might lead to more QE from the Uncle Sugar. Markets can often be hard to understand and be hard-hearted at the same time. Retail Sales were okay but you have to wonder about it as "old news" while Michigan Consumer Sentiment dropped substantially. My favorite Fed official, William "have some Kool Aid" Dudley, got trashed as he tried to explain the "no inflation meme" to a crowd in Queens. It's pretty hilarious how he was called out…’

Modest Stock Gains During Friday Trading, But Losses for Week Midnight Trader ‘4:08 PM, Mar 11, 2011 -

NYSE up 55.56 (+0.7%) to 8,255.63
DJIA up 59.79 (+0.5%) to 12,044
S&P 500 up 9.17 (+0.7%) to 1,304
Nasdaq up 14.59 (+0.5%) to 2,716

GLOBAL SENTIMENT

Hang Seng down 1.55%
Nikkei down 1.72%
FTSE down 0.28%

UPSIDE MOVERS
(+) RCRC sold for $27.90 per share cash.
(+) VLO buying Chevron's (CVX) Pembroke Refinery.
(+) ANN beats with results, guidance, adds to buyback.
(+) ARMH rebounding from recent weakness seen on negative tablet note.
(+) TAYD seen gaining new business linked to quake.
(+) ORCL gains on analyst upgrade.

DOWNSIDE MOVERS
(-) ARO warns with guidance; downgraded.
(-) WCRX prices shares.
(-) TPLM prices shares.
(-) TWO continues evening decline that followed announced share offering.
(-) TDSC prices shares.

MARKET DIRECTION

Stock averages end with moderate gains after a volatile session Friday but will post more than 1% weekly losses. Wall Street joined its global counterparts in posting early sharp declines that followed a massive Japanese earthquake, but U.S. stocks scratched back into positive territory, including the reversal of an over 200-point morning Dow decline.

Wall Street gained in part as oil prices moderated amid uncertainty about a hit on demand from Japan, the globe's third largest energy consumer, and as anticipated protests in Saudi Arabia proved not as violent as feared.

Stocks fell sharply Thursday on weak economic news from China, the U.S. and Spain combined with a slump in oil company shares. All major averages are on track for weekly declines.

On Friday, crude oil finished down $1.54, or 1.5%, to $101.16 a barrel. In other energy futures, heating oil was down 0.58% to $3.0273 a gallon while natural gas was up 1.59% to $3.891 per million British thermal units.

Meanwhile, gold futures ended higher. Gold for April delivery finished up 0.71% to $1422.50 an ounce. In other metal futures, silver rose 2.73% to $36.025 a troy ounce while copper traded up 0.66% to $4.225. The U.S. dollar index (DXY) is down 0.67% to $76.76.

The worst earthquake in some 150 years hit off Japan's north coast Friday, registering a 8.9 magnitude. The quake triggered a 10-meter high tsunami and set off a domino-like series of tsunami alerts across nearly 20 countries on four continents, including Hawaii and the U.S. West Coast. Late in the U.S. trading session, reports hit saying that a new 6.1 magnitude quake hit near the city of Morioka.

The earthquakes hit transportation networks across Japan. The benchmark Nikkei 225 index closed down 1.7% at 10,254.43. Losses were posted all round Asia and Europe.

On the economic front, the Commerce Department reported that retail sales rose 1% in February, the biggest gain in four months.

The March University of Michigan/Reuters consumer sentiment index dropped to 68.2 from 77.5 in February. Economists polled by MarketWatch had expected a March reading of 75.8. Investors mostly shrugged off news that January business inventories rose 0.9%, beating expectations for a 0.8% rise, MarketWatch.com reports.

In company news, Aeropostale (ARO) fell sharply after issuing disappointing guidance late Thursday. The stock was downgraded by at least one firm this morning.

AnnTaylor (ANN) gained after reporting Q4 EPS of $0.19, two cents ahead of the Street view. Sales were $515.3 mln, in line with analyst estimates on Thomson Reuters. For Q1, the company expects sales to approach $510 mln, ahead of Street estimates of $488 mln. FY 2011 sales are seen at about $2.175 bln, vs. expectations of $2.116 bln. The company also announced its board approved the expansion of its stock repurchase program by an additional $200 million.

Oracle (ORCL) gained after it is reportedly initiated with an Outperform at BMO Capital.

Apple Inc. (AAPL) firmed. Apple's updated version of its iPad tablet hit online and in stores Friday.’

Sneaky Banks to Lay Foundation for Their Own Collapse

Welfare State: Handouts Make Up One-Third of U.S. Wages CNBC | Government payouts make up more than a third of total wages and salaries of the U.S. population.

Will The Japanese Earthquake Be The Straw That Breaks Europe’s Back? Zero Hedge | Japan will have no choice but to launch a mini round of Quantitative Easing. If an earthquake flips its wings in Japan, does the Eurozone go bankrupt, especially in the month when its most insolvent countries face billions in debt rollover requirements, tens of billions in maturity funding needs, even more in deficit funding requirements… and no cash?

Are The Prophets Of Doom Right About Major War, $200 Oil, $2000 Gold And Dow 5000 By The End Of 2012? Are the “prophets of doom” right? Is a major war going to erupt in the Middle East? Is the price of oil going to $200 a barrel? Is the price of gold going to hit $2000 at some point over the next two years?

Adjusted Monetary Base: Up, Up And Away Shortly Zero Hedge will present our quarterly analysis of the liabilities held by the shadow banking system.

(3-11-11) Dow 12,044 +60 Nasdaq 2,715 +15 S&P 500 1,304 +9 [CLOSE- OIL $102.86 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.51 (reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $3.93 MID-GRADE/ $4.05 PREM./ $4.13 DIESEL) / GOLD $1,417 (+24% for year 2009) / SILVER $35.83 (+47% for year 2009) PLATINUM $1,774 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 82 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.39% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

National / World

Chilling Account of Big Brother Society Infowars.com | Author Mark Dice details horrific scope of technological control grid.

Japanese Nuclear Meltdown Would Be Hundreds of Times Worse Than Chernobyl Kurt Nimmo | Radiation levels inside Fukushima Daiichi nuclear power plant are 1,000 times normal levels.

Justice Department: TSA Has Authority To Literally Strip Search People Steve Watson | Naked body scanners court case underway, throws up disturbing precedents

Global Warming Did Not Cause The Japanese Earthquake Paul Joseph Watson | BBC reporter spouts lies about “disappearing” South Pacific island to imply man-made climate change connection to devastating tsunami.

Videos Document Horrific Japanese Earthquake Infowars.com | The earthquake is one of the largest ever recorded.

Japan scrambles to avert radiation crisis at nuclear plant Reuters | Thousands of residents were evacuated from an area around a nuclear plant.

Huge tsunami kills hundreds in Japan, sweeps across Pacific Reuters | The biggest earthquake on record to hit Japan rocked its northeast coast on Friday.

Saudi Security Forces Flood Streets to Stop ‘Day of Rage’ Mail Online | Moderate Sunni Islamists and Shi’ite Muslims have joined forces to demand political change.

A Perfect Storm of GMOs, Chemicals and Cancer Rady Ananda | Several books lay out the framework for and evidence of a concerted effort to sicken and then treat humanity, while earning obscene profits.

Guatemalans to sue US government for secretly infecting them with syphilis Natural News | The US government deliberately infected roughly 700 Guatemalans with syphilis.

Second Japanese Nuclear Plant In Peril As Thousands Evacuated Japanese authorities on Saturday were racing to find ways to deliver new backup generators or batteries to a nuclear power reactor whose cooling facilities were crippled by a loss of power caused by the deadly earthquake and tsunami that hit Japan on Friday afternoon.

Global Warming Did Not Cause The Japanese Earthquake Just hours after the horrific earthquake and tsunami devastated coastal areas of Japan, global warming alarmists like the BBC are already injecting climate change propaganda into their coverage of the story, hastily exploiting the tragedy as a vehicle through which to push their increasingly desperate and discredited enviro-fascist agenda.

Justice Department: TSA Has Authority To Literally Strip Search People A government attorney has told federal appeals court judges that the Department of Homeland Security has the authority to literally strip search Americans inside airports if it determines that is the correct course of action to deal with “ever-evolving threats”.

REPORT: 88,000 People Are Missing In Japan Heartbreaking: While the death toll remains in the low hundreds right now (officially) it seems sure to spiral much higher. According to the Kyodo News Agency, via BBC, the official missing persons tally is around 88,000.

Ron Paul: No-fly Zone Over Libya Would be an Act of War On the House floor Thursday, Rep. Ron Paul pointed out that imposing a so-called no-fly zone on Libya would be illegal under international law and an act of war.

Japan Declares Nuclear Emergency After Devastating Earthquake The horrifying consequences of the biggest earthquake to hit Japan since records began are only just beginning to be discovered, with the tsunami that followed causing massive devastation and engulfing cities and airports, leading to the declaration of a nuclear emergency at the Fukushima No. 1 nuclear plant after efforts to cool malfunctioning reactor cores failed.

Saudi King Counters Protests With $36 Billion as Tension Mounts As unrest escalated across the Middle East, activists in Saudi Arabia demanded a political voice as well. Rather than promises of democracy, they got a $36 billion handout and a slap down from Islamic clerics.

Nato ‘kills cousin of Afghan President Hamid Karzai’ A relative of Afghan President Hamid Karzai has been mistakenly killed by Nato troops in southern Afghanistan, officials say.

Drudgereport: THE GREAT QUAKE OF JAPAN... 9.1 MAG CAUSES CHAOS... BBC LIVE... REUTERS LIVE MAPS, DETAILS... KYODO WIRE... NHK... Hundreds of bodies found... Thousands Missing, Feared Dead... Dam breaks, washes away homes... Agency: N American plate snapped upward... HUGE WHIRLPOOL CREATED... Thousands roam Tokyo streets... Cruise ship, entire train missing... Japan Rushes to Contain Damage...
'HOURS' TO PREVENT NUKE MELTDOWN
'MAY BE EXPERIENCING NUCLEAR MELTDOWN'
Quake's Magnitude Hiked to 9.1... Japan scrambles to ease pressure building inside two nuke plants...
...TOKYO POWER says temperatures falling back to normal at Reactor #3
...Meltdown threat remains for Reactor #1
Radiation at 1000X Normal...
LEAK...
Fuel Rods May Have Been Damaged...
Fears of THREE MILE ISLAND repeat...
'No immediate health hazard,' officials say -- while evacuating 45,000...
US Amb. to Japan Warns Americans to Evacuate...
US military DID NOT provide any coolant... Earlier, Hillary Clinton said Air Force 'assets' had been used to do so...

BRUSSELS WEEKEND: Broke euro countries plead for help... 18 GOP senators in Wisc report death threats after union vote...
UNIONS THREATEN BUSINESSES...
Iowa follows suit; House passes collective bargaining bill...

Obama says 'tightening noose' on Gadhafi...
Tripoli protest stamped out...
Berlusconi: West may have miscalculated...

Police flood Saudi capital, preventing 'Day of Rage'...

Saudi police open fire at protest (Washington Post) [ Time to revoke the saudi pass to do whatever please owing to their preposterous claim to all the oil wealth of the entire Saudi nation. 16 miles away, Saudi Arabia's watchful eye looms over Bahrain unrest (Washington Post) [ I’m sure they are… with a microscope at that. Saudis Worried Protests Will Hit Home - saudi arabia; talk about do nothing hypocrites. How does one family claim ownership of all the oil reserves of a sovereign nation; I suspect only when foreign corporations say so For the sake of the saudi Arabian people, more than just protests should come to fruition! ] AFP | Saudi royal warns Arab world uprisings could cause harm unless they reform. Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia effect; far less than democratic and far more deadly in the mideast among other places; talk about hypocrites. How does one family claim ownership of all the oil reserves of a sovereign nation as the saudis; time for the saudis to go the way of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas canisters bombard sleeping protesters in Manama's Pearl Square. At least two men are reported killed Video: Bahrain protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice of America ‘Saudi Arabia sending troops to Bahrain’ Saudi Arabia is sending troops to Bahrain in a move to crack down on pro-democracy protesters who took to the streets in the capital Manama, a political analyst says. [`SAUDIS TOLD OBAMA 'NOT TO HUMILIATE MUBARAK'`

NATO troops kill Karzai's cousin in botched raid, Afghans say (Washington Post) [ ‘All the right moves’. Right, right, right! Righto!…Riiiiight! Winning those hearts and minds; or as Charlie Sheen would say … duh … winning! Whew! U.N. alarmed by surge in civilian casualties in Afghanistan (Washington Post) [ No, gates has already addressed that … minor setbacks, says he … Turmoil jars U.S. counter-terror efforts (Washington Post) [ Now how does this come as a surprise to anyone? Beyond america’s propaganda machine, orwellian england, etc., just how do think the war crimes, invasions, pillaging and plundering, and killing of innocent children, women, and men by pervasively corrupt, defacto bankrupt america et als for the sake of the u.s. military military complex are viewed by the rest of the world, and particularly the subject region. Euphemistically but realistically speaking, ‘not good’! … Gates says killing of Afghan boys a "setback" (Reuters) [Ah, yes, riiiiight! … that’s what it is, alright…just a setback…I see. ] Gates: US military to stay in Afghanistan US Defense Secretary Robert Gates, who is on a surprise visit to Afghanistan, says the American military should stay in the conflict-riddled country despite the rising human costs. Violent spring looming in Afghanistan (Washington Post) [ See … something to look forward to … must be that good news that keeps getting pushed back … and spring no less … everything bombing blooming or in war criminal american-speak … ‘booming’ … but not the defacto bankrupt american economy for which a crash is ‘looming’. Could somebody help me out with a translation of gates’ speech a west point … I must be missing something … Lt. Gen. John Kelly, who lost son to war, says U.S. largely unaware of sacrifice (Washington Post) [ I disagree! They are very much aware; as they stand in unemployment lines, use food stamps to get by, etc.. I hate to sound cavalier and I’m sorry that Kelly lost a son to war, but along with the multitude of civilians in the nations unlucky enough to provide a source of corporate welfare to the military industrial complex and war profiteering for the few (as warned against by President General Eisenhower), they died for nothing, for no good reason beyond the false propaganda. Six NATO troops killed in Afghanistan (Washington Post) [ Is there something wrong with the following picture? … am I missing something? … Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor - In a speech to cadets at the United States Military Academy at West Point, Gates's message was clear: The US military services, as well as the elected and appointed civilians who send them to war, need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning Against Wars Like Iraq and Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit late for that in light of pervasively corrupt, defacto bankrupt america’s consummate decline and fall! If only they had listened and not shot at the messenger … things could have been different! ] ] American military officials expect that the Taliban will mount a campaign to regain ground lost to U.S. troops last year and use suicide bombing teams to strike at those associated with the Afghan government or coalition forces. ]

Krauthammer: What Social Security trust fund? (Washington Post) [ Fraud? Most assuredly! But breathtaking, shocking? Come on! Let’s get real here … paper iou’s (the ‘trust fund’) from pervasively corrupt, defacto bankrupt, perpetual warster america? I mean, REALLY (as they say on SNL-a joke)...This is the grim economic reality ( http://albertpeia.com/grimreality.htm ). In Senate's debt debate, talk isn't cheap (Washington Post) [ Oh, but it is cheap! Very cheap relative to the magnitude of the insurmountable debt … here’s an initial and astute vote of ‘no confidence’ … Drudgereport: `World's biggest bond fund dumps all U.S. debt...` Senate still wrangling over spending bill (Washington Post) [ Few signs of compromise on budget details (Washington Post) [ Come on … wake up! The cuts they’re quibbling over don’t even cover interest on the national debt! Timid Tuesday: Is it Safe? Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ] Senate leaders delayed until Wednesday consideration of a bill to fund the government through Sept. .…. Top Economists: Trust is Necessary for a Stable Economy … But Trust Won’t Be Restored Until We Prosecute Wall Street Fraud Most policy makers still don’t understand the urgent need to restore trust in our financial system, or the need to prosecute Wall Street executives for fraud and other criminal wrongdoing ….. 'Gang of 6' takes deficit fight to public (Washington Post) [ Riiiight! I like that term, gang, as applied to capital hill. Indeed, without exaggeration or sarcasm I posit the realistic existence of government mob, relative to other mob designations as ie., mafia, irish mob, jewish mob, etc., based not on what they say they do but on what they actually do. That now corrupted supreme court of old’s test for obscenity; viz., ‘you know it when you see it’. And, haven’t we been seeing it for quite some time now; the corruption, the corruptibility, the lobbyists, the military industrial complex, the look the other way for the massive frauds on wall street, the bribes in one form or another before or after the fact? The ‘gangs’ should be shouldering the burden first, then come asking those who foolishly trusted them. Why Social Security is welfare (Washington Post) [ What does it matter what you call it? Part of america’s defacto bankruptcy? Most assuredly (I haven’t even looked at the Bloomberg propaganda piece which by its very title is an insult to intelligence; after all, we all know they can continue to print evermore worthless fiat currency which in reality does not change the ultimate reality of america’s defacto bankruptcy but merely exacerbates while forestalling a realistic assessment of the magnitude of the crisis. The fact is that there are others, culpable in creating this crisis who should be shouldering the burden first; ie., frauds on wall street via prosecution, fines, disgorgement; Ellen Bente Oliver ‘Salary of House/Senate...$174,000. Salary of Speaker of House...$223,500. Salary of Majority/Minority Leaders...$193,400. Average US Salary...$33,000 to $77,000. Maybe our elected officials should make an average salary too...It's a time of sacrifice after all...Pass along, post on your own page if you agree…’ ; SEC on the hot seat (Washington Post) [ Oooooh! The capital hill hot seat … shilling for no more than a grilling. House Republicans press SEC on official's ties to Madoff (Washington Post) [ The ultimate subterfuge. Mr. small potatoes madoff the focus of so much influence … yet he’s in jail … and the only one … Boy, did mary shapiro become total b* s* fast … the current shibboleth of capital hill / all 3 branches of pervasively corrupt u.s. government … joining the others: “The Financial Industry Has Become So Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And Law Enforcement” The economy cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem determined to turn a blind eye to Wall Street shenanigans, and is now moving to defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich…’ Financialization and Our Increasingly Unstable Economy Roche ‘I finally got around to seeing the movie Inside Job, the story behind the credit crisis and winner of the Academy Award for best documentary. It’s very good and I highly recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The movie doesn’t place nearly enough blame on homeowners, but all in all it does an excellent job of showing how Wall Street and government have become overrun by deregulation and sheer greed. A combination of flawed economic theory and greed have combined to create the beast that we now call a “functioning” economy. The worst part of it all is that President Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place. …’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( now what do holder and wobama have in common … is it wall street money ………… is it a proclivity for jive-talking / b* s* ………all of the above, some of the above ……….. or is it something else …… here’s a hint - `UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...` `CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘`In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ `US v. AZ...` Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related

[Here’s an archived version

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

Stocks sink amid new economic concerns (Washington Post) [New economic concerns? I don’t think so! The economic concerns certainly aren’t new: This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b*** s*** alone is an especially great opportunity to sell / take profits while you can since there's much worse to come!But that money/prosperity’s truly down the crapper and into the hands of the ‘perps and friends’ … World's richest are almost $1 trillion richer ( And the other 95% trillions poorer.) … There’s never been a mystery here … just a massive fraud that despite the rhetoric has been purposefully overlooked and unprosecuted … : “The Financial Industry Has Become So Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And Law Enforcement” The economy cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem determined to turn a blind eye to Wall Street shenanigans, and is now moving to defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich…’ Financialization and Our Increasingly Unstable Economy Roche ‘I finally got around to seeing the movie Inside Job, the story behind the credit crisis and winner of the Academy Award for best documentary. It’s very good and I highly recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The movie doesn’t place nearly enough blame on homeowners, but all in all it does an excellent job of showing how Wall Street and government have become overrun by deregulation and sheer greed. A combination of flawed economic theory and greed have combined to create the beast that we now call a “functioning” economy. The worst part of it all is that President Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place. …’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( now what do holder and wobama have in common … is it wall street money ………… is it a proclivity for jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it something else …… here’s a hint - UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ US v. AZ... Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related

[Here’s an archived version

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

] Official opens an investigation into allegations that the agency mishandled potential conflicts of interest in its response to Madoff's Ponzi scheme.

]

In recent trading, the Dow and S&P were down about 1.3% each while the Nasdaq was off 1.5%.

Such lackluster action is likely to continue in the near term, followed by something much worse for the bulls, according to cycle watcher Charles Nenner of the Charles Nenner Research Center.

"We don't intend to go short right now," he says...with "right now" being the operative term.

The Price of Prognostication

A former market-timing consultant at Goldman Sachs, Nenner has been lauded here and other venues for some of his prescient calls in recent years, most notably:

-- Forecasting a Dow peak of 14,500 in the summer of 2006.
-- Predicting a "substantial drop" in housing in Aug. 2006.
-- Calling the market top in October 2007.
-- Forecasting in late 2007 a "deflation scare" would occur in 2008.
-- In February 2009, predicted a major rally would start "in a few weeks" and could take the S&P as high as 1000.

Hopefully Nenner's "Dow 5000" call will be similarly misplaced.

I point out these gaffes not to embarrass or make fun, but to remind viewers that to err is human and everything you see/hear should be taken with a grain of salt...assuming you're not already.

Aaron Task is the host of Tech Ticker. You can follow him on Twitter at @atask or email him at altask@yahoo.com’

Market Thrill Ride Ends Badly: Dave's Daily ‘‘Well, this wasn't very nice. When a roller coaster is on pause as Wednesday you know something thrilling is coming next. What spooked the herd anyway? China reported a surprising trade deficit versus an expected surplus due to oil imports; Spain's credit rating was downgraded a notch, Japan's GDP growth estimates were cut; Jobless Claims were higher than expected; shots were fired at Saudi demonstrators; the Libya situation remains a stalemate while major powers dither; and, there was no POMO Thursday. Is that what it takes for a stampede? Markets have been unstable to put it mildly and one of our trusty tech indicators DeMark sequential counts (not to mention DeMark himself) has indicated "trend exhaustion" for some time. This is why we've been light save for our Lazy Portfolios. [chart] Everything was down today save bonds which rallied on a flight to safety. One might think this ephemeral since "bond daddy" Bill Gross and PIMCO sold all their holdings and yields can't go "much" lower from here. Despite having data from WSJ late enough I can't determine if this was a 10/90 day or not; but, it sure could be. Breadth may was particularly negative and someone no doubt will chime in with a confirmation or not. As is usually the case for big sell days like this, stops get hit and volume builds significantly.’

SPY's 25-Minute Tumble Sends ETF Back To January Levels Coleman ‘This started out as a rocky day as China’s trade woes, European sovereign debt concerns and sour job numbers in the U.S. sent stocks falling. As reports emerged of bullets pelting protesters in Saudi Arabia, popular ETFs tracking key benchmarks tumbled.In a 25-minute span, the SPDR S&P 500 ETF (SPY) fell almost 0.9%, erasing its intra-day high. It rallied for about an hour before losing steam in the last 1.5 hours of the regular session. SPY closed down 1.9% at $129.94 a share, back to levels not seen since January.Perhaps just as alarming, the blue chip tracking ETF fell below its 50-day moving average, a key short-term technical indicator. So did the SPDR Dow Jones Industrial Average ETF (DIA).Now, all eyes are likely to be focused on on the Fed’s policy setting committee meeting next Tuesday. If it decides to keep rates low for an extended period, “the risk of an even deeper pullback increases,” writes Tomi Kilgore in his column today for Dow Jones Newswires.The S&P 500 index closed today at 1295.11. Bears should target the 1225-1230 range, where there was significant resistance from early November through early December, notes Kilgore. “In addition, the 38.2% retracement–the first significant retracement level for followers of Fibonacci numbers–of the rally off the August low of 1040 to the February high of 1344 is at 1228,” he adds.About the same time as SPY was falling, the U.S. Oil Fund (USO) made a push higher after moving lower in the morning. The ETF’s shares bounced up on heavy volume in the early afternoon to reach an intra-day high around $42.10 a share. But it meandered down the rest of the afternoon. USO closed down 1.6% at $41.40 a share, back to last week’s levels.The SPDR Gold Trust (GLD) did much the same as USO, jumping in the afternoon only to slide lower later in the day. But the precious metals ETF did manage a small rally early in the session to reach $138.72 a share. It finished down 1.2% at $137.77 a share, taking the fund back to late February levels.’

Stocks Sharply Lower, Dow's 200-Plus Point Drop Deepest Since August Midnight Trader ‘4:22 PM, Mar 10, 2011 --

NYSE down 179.37 (-2.1%) to 8,200.07
DJIA down 228.48 (-1.9%) to 11,985
S&P 500 down 24.91 (-1.9%) to 1,295
Nasdaq down 50.70 (-1.8%) to 2,701

GLOBAL SENTIMENT

Hang Seng down 0.82%
Nikkei down 1.46%
FTSE down 1.53%

Reviewing My Reasons to Book Profits Suttmeier ‘In the new millennium I’ve made some good market timing calls and some not so good calls. In March 2000, I recommended that investors reduce holdings in NASDAQ stocks by 50%. Then, between July 2002 and October 2002, I was a major bull, and re-iterated that bullish call in March 2003 as our troops marched towards Baghdad. Unfortunately, margin calls forced many of my readers who stayed long to bail-out at the lows.

In June 2005, I called the summer top for the homebuilders. At the end of 2006, I called the top for community banks. In March 2007, I called the top for the regional banks, but was pre-mature on the bearish overall market call, though I stuck to my guns with a re-iteration all the way into October 2007 when I said that the Dow would not sustain gains above 14,000. I was a bear until March 2009, when I called for a 40% to 50% bear market rally.

In 2010, I under-estimated the potential upside to the market, but my stock selection process of “Buy and Trade” limited the extent of this bad call. Starting in September 2010, I shifted to a more balanced market outlook looking for Dow 11,235 by election day, on the Republican victory and QE2. My ValuTrader model portfolio was up 35.2% in 2010, solidly beating the S&P 500. At year end, my call for 2011 has been a Dow top below 12,600.

Reviewing Reasons to Book Profits:

1. The fundamentals showed that stocks were overvalued and we have had three ValuEngine valuation warnings when more than 65% of all stocks are overvalued. The January warning was ignored by the market, but so far stocks peaked with the warning issued on February 18th and re-iterated on March 3rd. During this period, we have seen many days where all sixteen sectors have been overvalued, with eight to eleven by double-digit percentages. The Dow high was 12,391.29 on February 18th.

2. I believe that the Federal Reserve will allow QE2 to end at the end of June and that there will be no QE3. At that meeting the FOMC will remove “extended period” from their statement. The federal funds rate has been zero to 0.25% since December 16, 2008.

3. The weekly chart for the Dow Industrial Average has been overbought since the week of October 9, 2010. Momentum needs to fall below 8.0 and the Dow must have a weekly close below the five-week modified moving average, which ended last week at 12,017. A negative weekly chart confirms the market top.

4. It will be hard to maintain a bull market with European debt issues, African and Middle-East political unrest, problems at US state capitals, and inflationary pressures in China.

5. The housing market remains depressed and community banks remain stressed.

Key Levels for the Major Equity Averages

· The Dow Industrial Average (12,213) Libya Trading Range: 11,983 to 12,391. My annual value level is 11,491 with a daily pivot at 12,205, and weekly and monthly risky levels at 12,483 and 12,741.

· The S&P 500 (1320.0) Libya Trading Range: 1294 to 1344. My quarterly value level is 1262.5 with a daily pivot at 1317.0, and weekly and monthly risky levels at 1350.3 and 1381.3.

· The NASDAQ (2752) Libya Trading Range: 2706 to 2840. My monthly value level is 2629 with a daily pivot at 2745, and weekly, quarterly and monthly risky levels at 2829, 2853 and 2926.

· The NASDAQ 100 (NDX) (2323) Libya Trading Range: 2285 to 2403. My monthly value level is 2250 with a daily pivot at 2328, and weekly, quarterly, and monthly risky levels at 2398, 2438 and 2499.

· Dow Transports (5147) Libya Trading Range: 4918 to 5306. My quarterly value level is 4671 with weekly, daily and annual pivots at 5052, 5086 and 5179. The Transports closed below its five-week modified moving average in each of the two weeks with declining momentum, which is a negative weekly chart profile. A close above this week’s five-week at 5111 shifts the weekly chart to neutral.

· The Russell 2000 (824.66) Libya Trading Range: 795 to 838. My quarterly value level is 765.50 with a daily pivot at 816.86, and weekly, daily and monthly risky levels at 831.09 and 850.79.

· The Philadelphia Semiconductor Index (SOX) (447.94) Libya Trading Range: 439 to 474. My monthly value level is 402.46 with a daily pivot at 436.99, and monthly and quarterly pivots at 453.89, 458.32 and 465.93, and weekly risky level at 485.92.

10-Year Note – (3.475) Daily, weekly, annual, and semiannual value levels are 3.544, 3.642, 3.796 and 4.268 with monthly, annual, and semiannual risky levels at, 3.002, 2.690, 2.441, and 2.322.

Comex Gold – ($1429.6) Weekly, annual, quarterly, semiannual and annual value levels are $1385.4, $1356.5, $1331.3, $1300.6 and $1187.2 with monthly and quarterly pivots at $1437.7 and $1441.7, and daily and semiannual risky levels at $1446.3 and $1452.6.

Nymex Crude Oil – ($104.16) Weekly, monthly and semiannual value levels are $97.78, $96.43, and $87.52 with my annual pivots at $99.91 and $101.92, and semiannual, daily and quarterly risky levels are $107.14, $107.24 and $110.87.

The Euro – (1.3904) My quarterly value level is 1.3227 with a daily pivot at 1.4040, and weekly, semiannual and monthly risky levels at 1.4446, 1.4624 and 1.4637.

Daily Dow: (12,213) Annual, quarterly, semiannual, and semiannual value levels are 11,491, 11,395, 10,959, and 9,449 with a daily pivot at 12,205, and weekly, monthly and annual risky levels at 12,484, 12,741 and 13,890.’

ETFs React to Jobless Claims and Deficit tlydon@globaltrend.com (Tom Lydon), On Thursday March 10, 2011, 11:40 am EST ‘Exchange Traded Funds (ETFs) dropped Thursday, with the bears in control after data showed rising jobless claims and growing U.S. and Chinese trade deficits.

The number of people seeking unemployment benefits rose last week. But the rise comes after applications hit their lowest level in nearly three years and economists expect further declines as the economy improves. Applications increased by 26,000 to a seasonally adjusted 397,000 during the week ended March 5, the Labor Department said Thursday. The four-week average, a less volatile measure, rose to 392,250. The average fell to its lowest level since July 2008 two weeks ago. The latest report covers the week after the Presidents’ Day holiday, when many government offices were closed. Applications usually rise in weeks following holiday-shortened weeks. The SPDR Dow Jones Industrial Average (NYSEArca:DIA) is down 1.5% in morning trading.

A surge in oil prices helped push imports up at the fastest pace in 18 years in January, giving the country the largest trade deficit in six months. The Commerce Department said Thursday the January deficit increased 15.1 percent to $46.3 billion. Exports rose 2.7 percent to an all-time high of $167.7 billion. But imports rose a faster 5.2 percent to $214.1 billion. That reflected a big jump in America’s foreign oil bill, underscoring concerns that surging oil prices could slow the economic recovery. A widening trade deficit hurts the U.S. economy. When imports outpace exports, more jobs go to foreign workers than to U.S. workers. The Direxion Daily Energy Bear 3x Shares ETF (NYSEArca:ERY) rose over 9% in early trading.

Europe’s leading stock markets retreated Thursday as euro zone debt fears sparked by a credit downgrade to Spain overshadowed news of positive company earnings, traders said. “Markets are taking another pasting … mainly on the back of Spain getting downgraded by Moody’s,” said Spreadex trader Chris Purdy . The markets are looking at higher oil prices and the continued concern over European debt. The iShares S&P Europe 350 Index ETF (NYSEArca:IEV) is down approximately 2% today.

Asian shares declined Thursday as escalating fighting in Libya and China’s unexpected trade deficit for February sparked a sell-off in the region. The fall in Shanghai came after the country posted a $7.3 billion trade deficit in February, compared with expectations of a surplus, as exports and imports growth slowed sharply, bearing the impact from the Chinese New Year holidays during the month. “One thing we are more certain about is that China’s trade surplus is most likely to decline at a faster rate than anyone expected this year… A much smaller trade surplus means that the external pressure on yuan appreciation would be less,” said Wei Yao, China economist at Societe Generale in Hong Kong . iShares FTSE/Xinhua China 25 Index (NYSEArca:FXI) is down this morning about 1.3%.

Gregory A. Clay contributed to this article.’

Deja Vu - Nasdaq Breaks 50 Day Moving Average Trader Mark ‘Let's try this again - we just had this conversation Monday. The NASDAQ (QQQQ) - yet again - has broken the 50 day moving average, although today's move is more impressive than the last occurrences as it was a gap down situation. Hence, no part of today's range in the index has been above the 50 day moving average. When this break of support happened early afternoon Monday, the NASDAQ turned on a dime and rallied 1% in just over 2 hours.

[chart]

(Click charts to expand)

As I state constantly, what matters is the CLOSING price, not the intraday price, BUT today's action is not looking prone to a 'stick save' situation (late day rally) as we saw the other times this happened the past few weeks. Hence I would be quite surprised if 'dip buyers' were bailed out today. As for 'da bears' - they want to see a close below 2730 on NASDAQ.

The S&P 500 (SPY) has come down to sniff the 50 day moving average as well, but the NASDAQ has been the indicator of where the bulls charge in the past few weeks so I'll keep a closer eye there. Obviously a close below 1294 on this index would be a double whammy. That would be both a close below the 50 day moving average AND a close below the intraday low of 2 weeks ago.

[chart]

No place for heroes here - I continue to stress caution and de-risking. Remember, we have major air pockets below these key supports since the rally has been so vicious and shorts eviscerated for half a year; therefore they are not going to provide the natural support as in a normal market when they cover.

It is fun to see a 2 way market once again - first time since November.’

Ex-Goldman Sachs Analyst: “Major War” Coming End Of 2012 Paul Joseph Watson | Massive conflict will prompt stock market collapse, predicts cycle strategist Nenner.

QE 3 and the Coming Rout Chris Martenson | There’s a scenario that could play out between May and September.

Oil prices drop before US data, Saudi protests AFP | Traders kept a wary eye ahead of US data and planned protests in oil kingpin Saudi Arabia.

Faber: Oil will go up ‘ballistically’ if unrest shifts to Saudi Arabia Business Intelligence Middle East | Marc Faber sees oil prices extending their bull run despite the 15% run-up this year alone.

Jobless Claims in the U.S. Rose 26,000 Last Week to 397,000 Bloomberg | First-time claims for jobless benefits rose last week from an almost three-year low.

8 Reasons Why Silver Is the Investment of the Decade If there’s one asset that’s heated up over the last several months amid tensions in the middle east and a second round of the Federal Reserve’s quantitative easing, it’s silver.

Should We Be Alarmed That The Biggest Bond Fund In The World Has Dumped All Of Their U.S. Treasury Bonds? Bill Gross, the manager of the biggest bond fund in the world, has forgotten more about bonds than most of us will ever learn. That is why the big move that PIMCO has just made is so unsettling.

Bernanke Tries To Explain Why A Ponzi Scheme Is A Perfectly Acceptable System For Post Civil-War America, Fails The following exchange between Ben Bernanke and Senator Kirk is a must watch for everyone who wonders how Ben Bernanke justifies the fact that America is now an open Ponzi scheme.

Gasoline cost to jump $700 for average household U.S. drivers will pay another 10 cents a gallon for gasoline before the latest jump in wholesale costs is fully passed on at the pump, and yearly motor fuel costs will rise 28 percent from last year, the Energy Department said on Wednesday.

National / World

Ex-Goldman Sachs Analyst: “Major War” Coming End Of 2012 Paul Joseph Watson | Massive conflict will prompt stock market collapse, predicts cycle strategist Nenner.

Bob Bowman: Star Wars Secrets & Lies Paul Joseph Watson | Former head of SDI blows the whistle on the militarization of space.

Stealing from Social Security to Pay for Wars and Bailouts Paul Craig Roberts | The government of the United States does not represent the American people. It represents the oligarchs.

Doctors Report Bahrain Using Nerve Gas On Demonstrators Kurt Nimmo | Bahraini PM states the monarchy is permitted to use chemical weapons against its citizens.

Egyptian Revolution? Globalists Own Both Horses In Two Horse Race Paul Joseph Watson | Welcome to “democracy,” new world order style.

Ex-Goldman Sachs Analyst: “Major War” Coming End Of 2012 When cycle forecaster Charles Nenner told the Fox Business network yesterday that the Dow Jones was set to collapse to the 5,000 level on the back of a “major war” that will shake the globe at the end of 2012, hosts David Asman and Elizabeth MacDonald sat in stunned silence.

Oil Trims Losses After Saudi Police Fire On Protesters Crude-oil futures pared losses Thursday after reports Saudi police opened fire at protesters in the eastern city of Qatif.

Congressman: TSA “Cooked The Books” To Discourage Use Of Private Security Contractors In Airports The chairman of the House Transportation and Infrastructure Committee has charged that the TSA intentionally fixed data to ensure that federal workers were employed to screen airport passengers, rather than private contractors.

Two Fresh TSA Gropedown Videos: Pregnant Woman pulled aside, TSA Thugs Block Man From Filming Wife Being Groped Two new videos taken by concerned Americans accosted by the TSA in airports. The first shows a pregnant woman being groped by an officer. The second shows TSA agents blocking a man from recording TSA agents touching his wife, even after a supervisor had overruled them and said the man had the right to film.

Bob Bowman: Star Wars Secrets & Lies Robert M. Bowman, a former Director of Advanced Space Programs Development for the U.S. Air Force in the Ford and Carter administrations has been targeted with death threats, government harassment and three tax audits in two years as a consequence of his bold truth-telling activism, which all started when he blew the whistle on the fact that Reagan’s Star Wars program was an offensive act of military conquest in space and a means of waging aggressive pre-emptive warfare, disguised as a defensive program.

Saudi police open fire on demonstrators MSNBC.com | Word of the protest helped drive oil prices back up on international markets.

Qaddafi’s Son Says It’s Time For Full-Scale Military Action Qaddafi’s son Saif Al-Islam says the time has come for full-scale military action against the rebels, in an interview with Reuters. While France says Libya’s rebel national council is the only legitimate representative of the country, and will seek to engage in targeted airsrtikes.

Three BBC journalists ‘detained and beaten’ in Libya Three BBC journalists were “detained and beaten” before being subjected to a mock execution while reporting in battle-torn Libya, the news organisation reported Wednesday.

Drudgereport : SARKOZY, CAMERON TAKE CHARGE ON LIBYA...
HILLARY: U.S. should wait for world to act...
Top U.S. Spy: GADHAFI WILL PREVAIL...LIBYA BURNS AS NATO SQUABBLESIll. Gov. Slaps Tax on Internet Sales...
Targets AMAZON...
Major ad firm threatens to leave state...
Part of growing battle in cash-starved states... OBAMA: I was bullied…[Maybe that accounts for his precarious mental state and compulsive need to b*** s***… he’s so pathetic!]... Michelle Obama Sports $1,000 Handbag… (the wobamas are such jive-tallkers) ... Gang Rape of 11-Year-Old Girl Sparks Racial Tensions in Texas Town…[ People are tired of soft-peddling and making up excuses for blacks panthers as with the holder department of injustice…This is very commonplace in Sub-Saharan Africa. ]...

Gas Prices Up 67% Since Obama President... Elite journalist club bans CSPAN from covering Obama at posh dinner... Jesse Jackson: We're 'Going To Escalate The Protests'... Wisc. lawmakers curb public worker bargaining power...
Pandemonium in Wisc as protesters storm Capitol over union vote...
[ Wis. Senate strips workers' bargaining rights Vote by Republicans bypasses chamber's missing Democrats (Washington Post) [ Drudgereport: Drudge is reporting, and I think Charlie Sheen would agree, that in Wisconsin, the GOP is … duh … winning … and conversely, the dems / unions are … duh … losers, trolls, etc… just kidding …]

World's biggest bond fund dumps all U.S. debt...

UNIONS LOSE IN WI

WI GOP pushes through union bill...
'ENOUGH IS ENOUGH'...
Gov. Walker applauds...
DEMS SCRAMBLE BACK...

SHOCK: 82% of US schools 'failing'... Gasoline cost to jump $700 for avg household... Libya Tanks Move In To Crush Rebel Stronghold...
Carnage in Rebel City...
FOOTAGE: Libyan war plane shot down...
Obama, Cameron discuss plan of action... Hoyer: No Balanced Budget for 15-20 Years 'We've Dug Such a Deep Hole'... FLASHBACK: Larger Than Entire 2007 Deficit...
Treasury Draws Down Cash Balance...
FEBRUARY DEFICIT: $223 BILLION
FRESHMAN DEM. SENATOR: OBAMA HAS 'FAILED TO LEAD'... Mayors to Unions: 'Dire fiscal straits' without 'dramatic' changes...
Anger Brews Over Government Workers' Benefits... UNREST IN THE MIDWEST: Now Michigan... WELFARE NATION: ONE-THIRD OF ALL WAGES ARE HANDOUTS... ROMNEY: Obama Misery Index hits record high... OPEC VOWS NEW PUMPING...
OIL HOLDS NEAR $105...
Roubini: Will Hit $150... Sheen: 'I'm really starting to lose my mind'... ‘In what appears to be a 180 degree turn around from his daily proclamations of having “tiger’s blood” and “Adonis DNA,” Charlie Sheen admitted “I’m really starting to lose my mind” in the new issue of “Life & Style.”

U.N. confirms probe into allegations of torture by Gaddafi's forces (Washington Post) [ Well we all know how effective the u.n. has been in enforcing the mandate against torture / war crimes in light of their stern rebuke / sanctions / action against the u.s. / israel … riiiiight! http://albertpeia.com/evilonthetarmac.htm ]

Dispute threatens trade agenda (Washington Post) [ Agenda? What agenda? Come on! A cursory look at the consistent and persistent trade numbers and one must conclude that they’d safe some face and be thought of just a wee bit better than worse than bad if they stated they have no agenda. My computer is under constant hack-attack and truth be told, I’ll be going linux / non-windows with my next ‘non-american’ made computer (this dell just can’t hack the hacks / barrage). Let’s not kid ourselves, there is nothing ‘made in america’ (even most components of ‘domestic’ products are made overseas) that can’t be made elsewhere better and cheaper except for the ubiquitous fraud for which pervasively corrupt, defacto bankrupt america has no peer…

Taxpayers caught in middle of Fannie lawsuit (Washington Post) What could be worse than taxpayers paying more than $100 million to defend a shareholder-owned company and its former executives in a private lawsuit? [ What could be worse? Not prosecuting the massive wall street frauds in the trillions with jail, fines, and disgorgement the goal.…. Top Economists: Trust is Necessary for a Stable Economy … But Trust Won’t Be Restored Until We Prosecute Wall Street Fraud Most policy makers still don’t understand the urgent need to restore trust in our financial system, or the need to prosecute Wall Street executives for fraud and other criminal wrongdoing ….. 'Gang of 6' takes deficit fight to public (Washington Post) [ Riiiight! I like that term, gang, as applied to capital hill. Indeed, without exaggeration or sarcasm I posit the realistic existence of government mob, relative to other mob designations as ie., mafia, irish mob, jewish mob, etc., based not on what they say they do but on what they actually do. That now corrupted supreme court of old’s test for obscenity; viz., ‘you know it when you see it’. And, haven’t we been seeing it for quite some time now; the corruption, the corruptibility, the lobbyists, the military industrial complex, the look the other way for the massive frauds on wall street, the bribes in one form or another before or after the fact? The ‘gangs’ should be shouldering the burden first, then come asking those who foolishly trusted them. Why Social Security is welfare (Washington Post) [ What does it matter what you call it? Part of america’s defacto bankruptcy? Most assuredly (I haven’t even looked at the Bloomberg propaganda piece which by its very title is an insult to intelligence; after all, we all know they can continue to print evermore worthless fiat currency which in reality does not change the ultimate reality of america’s defacto bankruptcy but merely exacerbates while forestalling a realistic assessment of the magnitude of the crisis. The fact is that there are others, culpable in creating this crisis who should be shouldering the burden first; ie., frauds on wall street via prosecution, fines, disgorgement; Ellen Bente Oliver ‘Salary of House/Senate...$174,000. Salary of Speaker of House...$223,500. Salary of Majority/Minority Leaders...$193,400. Average US Salary...$33,000 to $77,000. Maybe our elected officials should make an average salary too...It's a time of sacrifice after all...Pass along, post on your own page if you agree…’ ; SEC on the hot seat (Washington Post) [ Oooooh! The capital hill hot seat … shilling for no more than a grilling. House Republicans press SEC on official's ties to Madoff (Washington Post) [ The ultimate subterfuge. Mr. small potatoes madoff the focus of so much influence … yet he’s in jail … and the only one … Boy, did mary shapiro become total b*** s*** fast … the current shibboleth of capital hill / all 3 branches of pervasively corrupt u.s. government … joining the others: “The Financial Industry Has Become So Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And Law Enforcement” The economy cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem determined to turn a blind eye to Wall Street shenanigans, and is now moving to defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich…’ Financialization and Our Increasingly Unstable Economy Roche ‘I finally got around to seeing the movie Inside Job, the story behind the credit crisis and winner of the Academy Award for best documentary. It’s very good and I highly recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The movie doesn’t place nearly enough blame on homeowners, but all in all it does an excellent job of showing how Wall Street and government have become overrun by deregulation and sheer greed. A combination of flawed economic theory and greed have combined to create the beast that we now call a “functioning” economy. The worst part of it all is that President Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place. …’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( now what do holder and wobama have in common … is it wall street money ………… is it a proclivity for jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it something else …… here’s a hint - UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ US v. AZ... Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related

[Here’s an archived version

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

] Official opens an investigation into allegations that the agency mishandled potential conflicts of interest in its response to Madoff's Ponzi scheme.

] Here is how I define a welfare program.

] While Washington bickers noisily over cutting a small slice of the federal budget, Sens. Mark Warner, a Virginia Democrat, and Saxby Chambliss, a Georgia Republican, launch a campaign to convince the public that merely cutting spending will do little to tame the $14 trillion national debt.

]

] A battle over a proposed free-trade agreement with Colombia is undercutting U.S.'s pact with South Korea

In Senate's debt debate, talk isn't cheap (Washington Post) [ Oh, but it is cheap! Very cheap relative to the magnitude of the insurmountable debt … here’s an initial and astute vote of ‘no confidence’ … Drudgereport: `World's biggest bond fund dumps all U.S. debt...` Senate still wrangling over spending bill (Washington Post) [ Few signs of compromise on budget details (Washington Post) [ Come on … wake up! The cuts they’re quibbling over don’t even cover interest on the national debt! Timid Tuesday: Is it Safe? Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ] Senate leaders delayed until Wednesday consideration of a bill to fund the government through Sept.

Wis. Senate strips workers' bargaining rights Vote by Republicans bypasses chamber's missing Democrats (Washington Post) [ Drudgereport: Drudge is reporting, and I think Charlie Sheen would agree, that in Wisconsin, the GOP is … duh … winning … and conversely, the dems / unions are … duh … losers, trolls, etc… just kidding …

Drudgereport: World's biggest bond fund dumps all U.S. debt...

UNIONS LOSE IN WI

WI GOP pushes through union bill...
'ENOUGH IS ENOUGH'...
Gov. Walker applauds...
DEMS SCRAMBLE BACK...

ARTICLE: Charlie Sheen Attacks Jon Cryer.

“She can’t keep them from me,” Sheen says of his estranged wife, Brooke Mueller. “I won’t let her—I’ll do anything to get them back.”Sheen, 45, who has made four disturbing live web broadcasts from his compound in Sherman Oaks, CA, admits that even his lawyer, Marty Singer, has expressed concern about him.

PHOTOS: Charlie Sheen's Long List of Lady Friends.

“My lawyer wants to come over to my house and take the bullets out of my gun," he told the magazine.A party pal of Charlie’s tells the magazine, "It's crazy over here at the house—Charlie's losing it. He's really mad about the show, and dealing with the kids and Brooke is getting to be too much. Charlie is a ticking time bomb, and we all fear he could do something drastic like committing suicide or falling back on hard drugs."

ARTICLE: 'Tiger Blood' Drink Goes On Sale.

Sheen, who appeared on a Beverly Hills rooftop Monday, brandishing a machete, realizes that his bizarre behavior has many concerned."I'm really trying to contain myself right now," he said.

ARTICLE: 'Men' Co-Star Is Sheen's Lone Defender.

If that's true, he's not doing a good a job of it, because Sheen widened his list of targets to include his former "Two and a Half Men" co-star, Jon Cryer, on Tuesday.Cryer had managed to stay out of the fray during Sheen's fall from grace at CBS, but his luck ran out.

ARTICLE: Can 'Two and a Half Men' Survive? Just Ask 'Three's Company.'

"Jon has not called me. He's a turncoat, a traitor, a troll. Clearly he's a troll," Sheen told E! News. "He issued a statement. Is it gonna take me calling him a 'traitor, juvenile and scared' for him to get it?"Cryer has actually not issued an official statement since Sheen was fired from the hit CBS sitcom “Two-And-A-Half Men” on Monday. But he may want to issue one now, because Sheen has not stopped ranting about his enemies since his dismissal, and once you are on his crosshairs, it seems you never escape.

ARTICLE: Sheen's Kids Could Be Next on Reality Show.

Tuesday night was the latest case in point, as Sheen blasted his list of hated CBS executives one by one with yet another nonsensical, barely decipherable scripted screed on Ustream. "A high treason has occurred. The scales of justice are in a state of radical disarray. Together we must right this infantile wrong… What happened yesterday was completely and entirely illegal, unconscionable and to quote my lawyer 'really shi**y shi**y suck suck'," Sheen, the self-proclaimed “Malibu Messiah,” said before launching into a strange diatribe in his fourth "Sheen's Korner" webcast, in which he saved his most savage attacks for producer Chuck Lorre – calling him everything from a “silly clown,” to “little worm” and “loser.”

Gaddafi forces engage in fierce battle Regime loyalists in Libya mount assaults to reclaim ground (Washington Post) [ 41 years in power … Hey, when interviewed by Charlie Sheen on SNL he seemed rather spry …

Sheen's-Korner, Ustream.TV You're either in Sheen's-Korner or you're with the trolls... [and the big question is which trolls … the pat_trolls, the con_trolls, the troll_eys, the troll_ups, etc.? ] http://www.ustream.tv/charliesheen Archived Web Site File: http://www.albertpeia.com/Sheen's-Korner,Ustream.TVYou'reeitherinSheen's-Korneroryou'rewiththetrolls.flv (448mb) (for whatever reason, this file did not open properly in my somewhat older player and I didn’t have time to download another to determine if the problem is with the viewer or the file, but will, and will indicate the result here. )

Here’s SNL’s take on the Sheen webcast [ This was the first time I’d seen Miley Cyrus in anything and I must say she is truly a star, albeit a very precocious one; this SNL was absolutely hilarious across the board! ]

http://www.saturday-night-live.com

Part of the webcast: www.youtube.com/watch?v=HIx4_t26AAs

With neither side able to muster overwhelming force, the result appeared to be a bloody stalemate, with the death tolls rising in both east and west.Intense international deliberations come as troops loyal to Gaddafi continue to besiege the rebel-held city of Zawiyah, 27 miles west of Tripoli.] The vote comes after a maneuver by GOP members that split the proposal to curtail union rights from legislation requiring a quorum.

This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b* s* alone is an especially great opportunity to sell / take profits while you can since there's much worse to come!

World's richest are almost $1 trillion richer [ And the other 95% trillions poorer. ]

The theory behind utilities' performance as it relates to the S&P 500 (IVV) does have a logic behind it. Because utility companies in general are local monopolies which have high infrastructure costs, most tend to have high levels of debt and are thus especially sensitive to intermediate/long-term interest rates. Growth in revenue is not the primary source of profits, but rather costs are.

What this means is that fundamental investors in utilities would really put money to work in the sector if they expected interest rates to fall, because that lowered cost of capital would benefit profits in a substantial way. Thus, the outperformance of utilities against the broader market is because of expectation that interest rates fall (the yield curve flattens).

So while the Dow Jones Industrial Average (DIA), the S&P 500 (IVV), and particularly the Russell 2000 (IWM) have all gone effectively nowhere in price with high volatility, the utilities sector has consistenly been up more/down less on those big up and big down days we've been experiencing. Take a look below at the price ratio of utilities (IDU) to the Dow (DIA). As a reminder, a rising price ratio means the numerator/IDU is outperforming (up more/down less) the denominator.

Click to enlarge:

[chart]

The message from utilties investors is clear: Expect lower long interest rates in the near future. And since interest rates and the yield curve are a leading indicator of the economy and the broad stock market, we may very well be in the early stages of a correction.’

Market Thrill Ride Continues: Dave's Daily ‘Within most thrill rides there can be a pause before the next level of excitement whether it's a climb or hitting the next big drop. Markets Wednesday ran out of steam despite ongoing MENA [Middle East and North Africa] violence and oil disruptions. Crude oil was fractionally lower due to an inventory build but that's really old news. Iraqi production was rumored as halted and Libyan oil is not flowing. Tech remains weak especially after disasters for fiber optic leaders like FNSR, CIEN and JDSU. Also semi's remained down and SMH broke its 50 day MA. The Fed wasn't idle as more POMO was released to Da Boyz who didn't do much with it...yet. As an aside our contractor stopped by today and was bemoaning gas prices. His wife works for a local Ford dealer and they had a huge January but now sales have stopped. Such is the impact of higher fuel prices. Volume came in about average on the day while breadth per the WSJ was mixed to negative.’

STOCKS SLIDE, TECH HAMMERED, COPPER CRUSHED: Here's What You Need To Know Weisenthal ‘Yesterday was up, so today was down. That's the way this market is behaving right now.

But first, the scoreboard:

Dow: -0.38
NASDAQ: -14.73
S&P 500: -1.63

And now, the top stories:

First, we'll get a note on Libya out of the way. It was basically the same-old same-old, except with more bombing and fires at oil facilities. No big movement in one way or another.

Going back a bit, remember that yesterday was a big up day for stocks. However, the mood was negative after hours after some ugly numbers form Finisar and Texas Instruments.

Overnight, things were fairly quiet, except that Eurozone spreads continue to blow out.

Economic news in the US pretty much didn't happen. Bill Gross caused a stir when it came out that he had completely sold out of US Treasuries, though of course that was totally in line with what he called for earlier, so it's not a big shock.

In the end, tech was the worst loser, thanks to those tech earnings. Copper got really hammered (quite ominously), and oil even fell a little bit.

Today was the 2-year anniversary of the 2009 bottom.’

The Case for a Bear Market for Stocks Suttmeier ‘In making a bearish call on the U.S. stock market, I base it on both fundamental and technical factors. The fundamentals show that stocks are overvalued and we have had three ValuEngine Valuation Warnings so far this year. The January warning was ignored by the market but so far stocks peaked with the warning issued on February 18 and re-iterated on March 3. During this period we have seen many days where all 16 sectors have been overvalued, with eight to 11 by double-digit percentages. Today 63.8% of all stocks are overvalued, and all 16 sectors are overvalued, 11 by double-digit percentages.

ValuEngine provides valuation, forecast, and ratings data for a universe of more than 5,500 stocks. When more than 65% of all stocks are calculated to be overvalued, we issue a ValuEngine Valuation Warning. We do this because in the past this level of overvaluation has often been correlated with market corrections and downturns. Conversely when more than 65% of all stocks are undervalued additional weakness provides buying opportunities. On March 5, 2009 the percentage of undervalued stocks reached 91%.

The technical factors ignore the daily charts as timing a cycle high requires confirmation from the weekly charts and having risky levels from my proprietary analytics to judge how high markets can go before they top out. Right now the major averages are stuck in want I call the "Libya Trading Ranges," which are the February 18 highs down to the February 24 lows. The weekly chart profiles are positive, but overbought for all major averages except Dow Transports. To confirm a cycle high, all major averages must have weekly closes below their five-week modified moving averages with weekly 12x3x3 weekly slow stochastic readings declining below 8.0 on a scale of zero to 10.0.

This dynamic is being delayed as the major equity averages straddle their 50-day simple moving averages. The Dow Industrial Average and S&P 500 have been above their 50-day since December 1. They're now at 11,967 Dow and 1298.81 S&P 500. The NASDAQ and NASDAQ 100 have tested their 50-day several times since February 23, six days for the NASDAQ with the 50-day now at 2742.35 and four days for the NASDAQ 100 with the 50-day now at 2314.18. The Russell 2000 tested and held its 50-day on February 22 and February 23 and today the 50-day is 802.42. The Philadelphia Semiconductor index tested and held its 50-day the past two days at 444.47 and has been above the 50-day since September 24. Dow Transports has been below its 50-day since February 22 and has been tested as resistance twice, and closed above 5111 yesterday. A weekly close above the five-week shifts Transports to neutral delaying the market top.

Key Levels for the Major Equity Averages

The Dow Industrial Average (12,214) Libya Trading Range: 11,983 to 12,391. My annual value level is 11,491 with daily, weekly and monthly risky levels at 12,249, 12,483 and 12,741. The five-week modified moving average has been tested in each of the past three weeks and this week the average is 12,060.
The S&P 500 (1321.8) Libya Trading Range: 1294 to 1344. My quarterly value level is 1262.5 with daily, weekly and monthly risky levels at 1331.2, 1350.3 and 1381.3. The five-week modified moving average has been tested in each of the past three weeks and this week the average is 1307.
The NASDAQ (2766) Libya Trading Range: 2706 to 2840. My monthly value level is 2629 with daily, weekly, quarterly and monthly risky levels at 2798, 2829, 2853 and 2926. The NASDAQ traded below its five-week modified moving average in each of the past three weeks without a weekly close below, and this week the average is 2755.
The NASDAQ 100 (2338) Libya Trading Range: 2285 to 2403. My monthly value level is 2250 with daily, weekly, quarterly, and monthly risky levels at 2370, 2398, 2438 and 2499. The NASDAQ 100 traded below its five-week modified moving average in each of the past three weeks without a weekly close below, and this week the average is 2327.
Dow Transports (5147) Libya Trading Range: 4918 to 5306. My quarterly value level is 4671 with weekly, daily and annual pivots at 5052, 5119 and 5179. The Transports closed below its five-week modified moving average in each of the two weeks with declining momentum, which is a negative weekly chart profile. A close above this week’s five-week at 5111 shifts the weekly chart to neutral.
The Russell 2000 (824.66) Libya Trading Range: 795 to 838. My quarterly value level is 765.50 with weekly, daily and monthly risky levels at 831.09, 835.56 and 850.79. The five-week modified moving average has been tested in each of the past three weeks and this week the average is 810.47.
The Philadelphia Semiconductor Index (447.94) Libya Trading Range: 439 to 474. My monthly value level is 402.46 with a monthly pivot at 453.89, daily and quarterly pivots at 458.32 and 465.93, and weekly risky level at 485.92. The five-week modified moving average has been tested in each of the past three weeks and this week the average is 450.51.

The trading strategy in this environment is what I have been calling "Buy and Trade," where you buy weakness to a value level and sell strength to a risky level. Here are the guidelines.

Buy and Trade Strategies for Long Positions

Value Level – The price at which you establish an additional long position on share price weakness. This is done on a GTC Limit Order to buy weakness to the Value Level.
Risky Level – The price at which you remove a single long position or reduce a multiple long position on share price strength. This is done on a GTC Limit Order to sell strength to the Risky Level.

Buy and Trade Strategies for Short Positions

Value Level – The price at which you remove a single short position or reduce a multiple short position on share price weakness. This is done on a GTC Limit Order to buy weakness to the Value Level.
Risky Level – The price at which you establish an addition short position on share price strength. This is done on a GTC Limit Order to sell strength to the Risky Level.

10-Year Note – (3.542) Weekly, annual, and semiannual value levels are 3.642, 3.796 and 4.268 with a daily pivot at 3.523, and monthly, annual, and semiannual risky levels at, 3.002, 2.690 and 2.441.

Comex Gold – ($1429.0) Weekly, annual, quarterly, semiannual and annual value levels are $1385.4, $1356.5, $1331.3, $1300.6 and $1187.2 with monthly and quarterly pivots at $1437.7 and $1441.7, and daily and semiannual risky levels at $1450.1 and $1452.6.

Nymex Crude Oil – ($104.78) Weekly, monthly and semiannual value levels are $97.78, $96.43, and $87.52 with my annual pivots at $99.91 and $101.92, and semiannual, daily and quarterly risky levels are $107.14, $107.71 and $110.87.
The Euro – (1.3900) My quarterly value level is 1.3227 with a daily pivot at 1.3953, and weekly, semiannual and monthly risky levels at 1.4446, 1.4624 and 1.4637.

Daily Dow: (12,214)Annual, quarterly, semiannual, and semiannual value levels are 11,491, 11,395, 10,959, and 9,449 with daily, weekly, monthly and annual risky levels at 12,249, 12,484, 12,741 and 13,890.’

21 Signs Of Impending Doom For The 2011 Economy ‘If you are not aware of how rapidly the global economic situation is unraveling you need to snap out of it and start paying attention. The world economy was relatively stable in 2010, but here in 2011 things are deteriorating very quickly.

The American Dream
Wednesday, March 9, 2011

If you are not aware of how rapidly the global economic situation is unraveling you need to snap out of it and start paying attention. The world economy was relatively stable in 2010, but here in 2011 things are deteriorating very quickly. Right now there is major civil unrest in at least a dozen different nations in Africa and the Middle East. The civil war going on in Libya has sent the price of oil skyrocketing and the protests that are scheduled to begin in Saudi Arabia later this month could send oil prices even higher. Meanwhile, the sovereign debt crisis in Europe just seems to get worse by the day. Several nations in Europe are suddenly finding that it has become extremely expensive to finance more debt. It appears that it will only be a matter of time before more bailouts are needed. Meanwhile, the United States is also covered in a sea of red ink and the economic situation in the largest economy on earth continues to deteriorate rapidly. It is as if the entire world financial system has caught a virus that it just can’t shake, and now it looks like another massive wave of financial disaster could be about to strike. Does the global economy have enough strength to weather a major oil crisis in 2011? How much debt can the largest nations in North America and Europe take on before the entire system collapses under the weight? Will 2011 be a repeat of 2008 or are we going to be able to get through the rest of the year okay? Only time will tell.

But it is quickly becoming clear that we are reaching a tipping point. If the price of oil keeps going up, all hopes for any kind of an “economic recovery” will be completely wiped out. But if the globe does experience another economic slowdown, it could potentially turn the simmering sovereign debt crisis into an absolute nightmare. The U.S. and most nations in Europe are having a very difficult time servicing their debts and they desperately need tax revenues to increase. If another major economic downturn causes tax revenues to go down again it could unleash absolute chaos on world financial markets.

The global economy is more interconnected than ever, and so a major crisis in one area of the world can have a cascading effect on the rest of the globe. Just as we saw back in 2008, if financial disaster strikes nobody is going to escape completely unscathed.

So what should we expect for the rest of 2011? Well, the truth is that it doesn’t look good. The following are 21 signs of impending doom for the 2011 economy….

#1 The civil war in Libya now looks like it could drag on for an extended period of time, and that is likely to drive the global price of oil even higher.

#2 Barack Obama is publicly saying that NATO is now considering “potential military options” for solving the crisis in Libya.

#3 Kuwait exports more oil than Libya does, and it looks like the civil unrest that has been sweeping the rest of the Middle East is now starting to spread to that country.

#4 In Saudi Arabia, protest groups are planning a “Day of Rage” on March 11th. If a revolution breaks out in that nation the entire global economy is going to be thrown into turmoil.

#5 The average price of a gallon of gasoline in the United States increased by 33 cents during the two-week period that ended last Friday.

#6 According to the Oil Price Information Service, U.S. drivers spent an average of $347 on gasoline during the month of February, which was 30 percent more than a year earlier.

#7 It is being reported that the average price of a gallon of gasoline in Europe has hit an all-time record of $8.63 a gallon.

#8 Ivory Coast produces nearly 40 percent of all the cocoa in the world and protests against the government there are becoming increasingly violent. If this violence continues to escalate you will soon be paying a lot more for chocolate.

#9 The yield on 10-year Portuguese bonds has increased to 7.6%.

#10 The yield on 10-year Irish bonds has soared to 8.1%.

#11 The yield on 10-year Greek bonds has skyrocketed to a whopping 12.8%.

#12 Moody’s Investors Service has reduced the rating of Greek government debt three levels all the way down to B1.

#13 According to the United Nations, the global price of food set another brand new record high during the month of February. That was the 8th month in a row that global food prices have gone up.

#14 According to the World Bank, global food prices have soared 29% over the last 12 months.

#15 The United Nations is projecting that the global price of food will increase by another 30 percent by the end of 2011.

#16 23 percent of all residential properties with a mortgage in the U.S. were in negative equity as of the end of 2010.

#17 In the state of Nevada, approximately 65 percent of all homeowners with a mortgage owe more on their mortgages than their homes are worth.

#18 Two years ago, the average U.S. homeowner that was being foreclosed upon had not made a mortgage payment in 11 months. Today, the average U.S. homeowner that is being foreclosed upon has not made a mortgage payment in 17 months.

#19 Since 2005, the United States has shelled out 1.1 trillion dollars for products from China but China has only spent 272 billion dollars on products from the United States. This trade imbalance is causing the global financial system to become increasingly unstable.

#20 Collectively, the 50 U.S. state governments are facing a budget shortfall of 125 billion dollars for fiscal 2012.

#21 The U.S. government had a budget deficit of 233 billion dollars during the month of February, which was the largest federal budget deficit ever recorded for a single month.

We are living in the middle of the biggest debt bubble in the history of the world…’

Oil hovers around $105 CNNMoney.com | The benchmark U.S. oil contract was up 35 cents to $105.37 a barrel for April delivery.

Bank Economist Warns of ‘Food Price Riots in the UK’ SkyNews | A senior economist at the worldwide bank HSBC has warned of civil unrest in Britain if food prices continue to soar.

Oil markets brace for Saudi ‘rage’ as global spare capacity wears thin Those exhorting OPEC to boost output should be careful what they wish for. The cartel card can be played once only, and it risks exposing the fragility of the global energy system if the Gulf powers are seen struggling to deliver.

HOW IT WILL ALL END : Debt Jubilee or WWIII ? Bob Chapman talks about the crumbling economy and how it will implode.

Warning Of ‘Food Price Riots In The UK’ A senior economist at the worldwide bank HSBC has warned of civil unrest in Britain if food prices continue to soar.

Currency Wars: Flash Points in the ‘Age of Rage’ The conflict in North Africa was a predictable outcome of the US Monetary Policy of Quantitative Easing. It is not plausible that the US Federal Reserve, as the manager of the world’s Reserve Currency, did not fully recognize the global ramifications of such monetary inflation actions well in advance.

ECONOMIC CRISIS ARCHIVE

National / World

Jesse Jackson, Jr.’s Communist Bill of Rights Kurt Nimmo | Jackson’s speech is like something right out of the CPUSA playbook.

Soros: Communist Chinese Model Of Order May Become “The Envy Of The World” “Western democracies provide less successful leadership than China”

Day Of Rage: Saudi Arabia In Veiled Threat To US Paul Joseph Watson | Saudi Foreign Minister threatens to “cut foreign fingers” in event of outside intervention after US sided with protesters.

Corporate Media Coverage of Libya is a Psyop Kurt Nimmo | Only by destroying the oil-based economy can the globalists forge ahead with their plan to implement world authoritarian government.

Kansas House Panel Endorses Pension Cuts KMBC.com | The bill is likely to draw opposition from public employees’ and retirees’ groups.

Day Of Rage: Saudi Arabia In Veiled Threat To US As the world braces itself for Saudi Arabia’s “day of rage” on Friday, which many fear could be the spark that sends oil prices soaring to beyond the $200 a barrel mark, Saudi Foreign Minister Prince Saud Al-Faisal issued a veiled threat to the United States, warning that the Kingdom was prepared to “cut foreign fingers” in the event of any outside interference.

Soros: Communist Chinese Model Of Order May Become “The Envy Of The World” Billionaire investor George Soros has once again cited China’s dictatorship as the model for the rest of the world in a speech at an elite gathering in Europe.

BIG SIS BUSTED: Homeland Security Undercover Pedophile Entrapment Website Suspended In an aggressive bid to entice prospective “sex tourists,” the Department of Homeland Security last year launched an undercover web site that purported to arrange trips from the U.S. to Canada, where clients could engage in sexual activity with minors, The Smoking Gun has learned.

Corporate Media Coverage of Libya is a Psyop In the interview here, war correspondent Keith Harmon Snow spells out how the lopsided coverage of the conflict in Libya is a Pentagon psyop. The psyop is particularly evident on CNN, especially on Anderson Cooper’s show.

Lawmaker Warns TSA Harassment Coming To Sidewalks The lawmaker behind a bill aimed at curtailing TSA grope downs and naked body scanners warns that Americans will be subjected to such harassment on sidewalks and at football games if the TSA is not stopped in its tracks now, but in reality, TSA-style measures have already been aggressively expanded well beyond airports.

FEATURED INFOWARS STORIES ARCHIVE

U.S., allies weigh operations near Libya Humanitarian aid delivery, no-fly zone are under consideration (Washington Post) [ Weigh? As on a scale … of 1 to 10 … we all know how well pervasively corrupt, defacto bankrupt america and allies are at weigh-ins … weighing … so much so, they’re set to star that tv program, ‘The Biggest Loser(s)’ … Update: Drudgereport: Libya Tanks Move In To Crush Rebel Stronghold...
Carnage in Rebel City...
FOOTAGE: Libyan war plane shot down...
Obama, Cameron discuss plan of action... Hoyer: No Balanced Budget for 15-20 Years 'We've Dug Such a Deep Hole'... FLASHBACK: Larger Than Entire 2007 Deficit...
Treasury Draws Down Cash Balance...
FEBRUARY DEFICIT: $223 BILLION
FRESHMAN DEM. SENATOR: OBAMA HAS 'FAILED TO LEAD'... Mayors to Unions: 'Dire fiscal straits' without 'dramatic' changes...
Anger Brews Over Government Workers' Benefits... UNREST IN THE MIDWEST: Now Michigan... WELFARE NATION: ONE-THIRD OF ALL WAGES ARE HANDOUTS... ROMNEY: Obama Misery Index hits record high... OPEC VOWS NEW PUMPING...
OIL HOLDS NEAR $105...
Roubini: Will Hit $150...SHEEN SETS 'FINAL' WEBCASTGadhafi Deploys Tanks, Hundreds of Troops in New Assaults...
...Denies talk he's looking for exit
WITNESSES: Women and Children Killed...
Libyan tanks, planes bombard Zawiyah; rebels still hold 'Martyrs' Square'...
Libyan central bank chief goes missing... ...Loyalty unknown

East-West military gap 'rapidly shrinking'... China could match US military power in 10-15 years... U.K. Warned of Food Riots... Ahmadinejad calls for new world order...

This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b* s* alone is an especially great opportunity to sell / take profits while you can since there's much worse to come!

The Terrible Twos? Let's All Hope Not [ Hoping doesn’t change reality. Take your gains, sell while you can in this manipulated bull cycle on debased dollar in this secular bear market. ] Bespoke Investment Group ‘After falling 22% over the last month and a whopping 57% from its highs less than a year and a half earlier, the S&P 500 (SPY) closed the day on March 9th, 2009, at 676.53. Had you asked 100 people that day where the index would be trading in two years, you likely could have counted on one hand the number that said higher than 1,300.Tomorrow marks the two-year anniversary of the current bull market, and the S&P 500 is now trading at 1,324, or 96% above its closing level on 3/9/09. Below is a chart of the S&P 500 since October 9th, 2007, which is the day that the index made its all-time high of 1,565.15. The bear market from 10/9/07 to 3/9/09 is highlighted in red, and the bull market that started on 3/9/09 is highlighted in green.

(Click charts to expand)

[chart]

Below is a table highlighting the performance of key ETFs across asset classes since the bull market began on 3/9/09 as well as since 10/9/07 when the S&P 500 made its all-time high and the prior bear market started. For each asset class, the best and worst performing ETF is shaded in light red and light green over each time period.While many ETFs are up more than 100% since the bull market began, only a handful are up from their 10/9/07 levels. The Nasdaq-100 tracking QQQQ is one of them with a gain of 8% since 10/9/07. The S&P Midcap 400 ETF (IJH) is also up, along with the Midcap 400 Growth ETF (IJK) and the Smallcap 600 Growth ETF (IJT). Three sector ETFs are now above the level they were at when the market made its all-time high on 10/9/07 -- Consumer Discretionary (XLY), Consumer Staples (XLP), and Energy (XLE). The Silver trust (SLV) is up the most of all securities shown since 10/9/07 with a gain of 160.47%, while Gold (GLD) is up the second most at 90.33%. And all but one (TLT) of the fixed income ETFs are in the black versus where they were trading when equities hit their all-time highs.Since 3/9/09, the Russia ETF (RSX) has been the best performer in the entire table with a gain of 247.54%. The Smallcap 600 Growth ETF (IJT) has been the best performing US market index ETF with a gain of 144.78%, while the Financials ETF (XLF) has been the best performing sector ETF during the bull market. Unsurprisingly, UNG -- which is supposed to track natural gas -- has been the worst performer since 3/9/09 with a decline of 66.69%!

[chart]

Beware of the Ides of March Suttmeier ‘The first quarter of 2011 could turn out to be a multi-year selling opportunity, just as March 2009 was a multi-year buying opportunity. On March 5, 2009, 91% of all stocks were undervalued and all 11 sectors were undervalued by more than 30%. Wall Street and hence Main Street missed this golden opportunity to buy stocks. In early March 2009, I made the call that stocks would rally 40% to 50%. I proved to be too pessimistic. Since then the Dow Industrial Average (DIA) is up 86.9% with the S&P 500 (SPY) up 96.4% and the NASDAQ (QQQQ) up 117.0%. With stocks overvalued and weekly charts overbought with the exception of Transports now is not the time to increase allocation to stocks, it’s the time to decrease stock allocations.

The Housing Market was the first to provide warnings as The Housing Index topped out in July 2005 and today is 62.0% below that high, with housing currently at risk of renewed weakness.

The America’s Community Bankers Index (ABAQ) peaked in December 2006 and today is 49.0% below that high. The FDIC List of Problem Banks rose by 24 in the fourth quarter to 884 from 860, which is 11.5% of the 7,657 FDIC-insured financial institutions. When I drill down into the FDIC data I find 2623, or 34.3% of all community banks overexposed to commercial real estate loans, and 58.5% of all banks have a real estate loan pipeline that’s 80% or more funded, which is continued stress.

The Regional Bankers Index (BKX) peaked in March 2007 and today is 57.2% below that high. The “too big to fail” banks are bigger and the BKX is down fractionally so far in 2011. Under Dodd-Frank some of these banks will need to raise capital, and face heavier FDIC deposit insurance fund assessments beginning in April.

Total Assets in the banking system declined $51.8 billion in the 4th quarter 2010 with C&D loans down $32.5 billion. Even so C&D loans still total $321.6 billion with nonfarm, non-residential real estate loans at $1.07 trillion and problem loans continue to clog bank balance sheets.

ValuEngine Valuation Warnings on February 18th and March 3rd marked tradable highs for stocks. To confirm a market top all weekly charts must shift to negative. The major equity averages remain below their February 18th highs when the Dow Industrial Average reached 12,391. My proprietary analytics still show weekly and monthly resistances, to limit the upside even if some of the averages continue to new highs. Market weakness on Friday and Monday resulted in a reduction of overvalued stocks to 60.5%, below 65%. We show 15 of 16 sectors overvalued, six by double-digit percentages.

Key Levels for the Major Equity Averages

The Dow Industrial Average (12,090) Libya Trading Range: 11,983 to 12,391. My annual value level is 11,491 with daily, weekly and monthly risky levels at 12,152, 12,483 and 12,741.
The S&P 500 (1310.1) Libya Trading Range: 1294 to 1344. My quarterly value level is 1262.5 with daily, weekly and monthly risky levels at 1323.8, 1350.3 and 1381.3.
The NASDAQ (2746) Libya Trading Range: 2706 to 2840. My monthly value level is 2629 with daily, weekly, quarterly and monthly risky levels at 2802, 2829, 2853 and 2926.
The NASDAQ 100 (NDX) (2328) Libya Trading Range: 2285 to 2403. My monthly value level is 2250 with daily, weekly, quarterly, and monthly risky levels at 2375, 2398, 2438 and 2499.
Dow Transports (5018) Libya Trading Range: 4918 to 5306. My quarterly value level is 4671 with daily, weekly and annual pivots at 5082, 5052 and 5179.
The Russell 2000 (824.99) Libya Trading Range: 795 to 838. Daily and quarterly value levels are 819.50 and 765.50 with monthly risky level at 850.79.
The Philadelphia Semiconductor Index (SOX) (447.35) Libya Trading Range: 439 to 474. My monthly value level is 402.46 with a monthly pivot at 453.89, a quarterly pivot at 465.93 and daily and weekly risky levels at 466.70 and 485.92.

10-Year Note – (3.514) Weekly, annual, and semiannual value levels are 3.642, 3.796 and 4.268 with daily, monthly, annual and semiannual risky levels are 3.449, 3.002, 2.690, 2.441, and 2.322.

Comex Gold – ($1433.3) Weekly, annual, quarterly, semiannual and annual value levels are $1385.4, $1356.5, $1331.3, $1300.6 and $1187.2 with monthly and quarterly pivots at $1437.7 and $1441.7, and my semiannual risky level at $1452.6.

Nymex Crude Oil – ($104.92) Weekly, monthly and semiannual value levels are $97.78, $96.43, and $87.52 with my annual pivots at $99.91 and $101.92, and semiannual and quarterly risky levels are $107.14 and $110.87.

The Euro – (1.3971) My quarterly value level is 1.3227 with a daily pivot at 1.4001, and weekly, semiannual and monthly risky levels at 1.4446, 1.4624 and 1.4637.

Daily Dow: (12,090) Annual, quarterly, semiannual, and semiannual value levels are 11,491, 11,395, 10,959, and 9,449 with daily, weekly, monthly and annual risky levels at 12,152, 12,484, 12,741 and 13,890.’

Now's the Time to Decrease Stock Allocations

[video]Summer Bears Will Threaten Two-Year Bull Run

Hoyer Says Federal Budget May Not Be Balanced for 20 Years Matt Cover | Hoyer said Republicans and Democrats must compromise if they are ever going to solve the nation’s budget issues.

Trust is Necessary for a Stable Economy Washington’s Blog | Prosecuting the criminals Is necessary to restore trust.

Saudi Arabia’s ‘Day of Rage’ Lures Record Bets on $200 Oil: Chart of Day Bloomberg | Options traders are betting more than ever that crude oil is heading to $200 a barrel.

Oil Breakout Alert – Kuwait, World’s Fourth Largest Oil Exporter, Joins Demonstrations Demanding Regime Change Crude dropped overnight, after the FT joined the BBC in the “False Rumor Spreading Korner”, after the Libyan Investment Authority held newspaper said some OPEC members are looking to raise oil output to avoid any supply shortfalls.

Will The Day Of Rage In Saudi Arabia On March 11 Send The Price Of Oil Into Unprecedented Territory? The price of oil is shaping up to be the number one economic story of 2011, and right now the eyes of the investing world are closely watching the developing situation in Saudi Arabia.

No Silver? No Problem: US Mint Would Like To Know If You Will Accept Brass, Steel, Iron Or Tungsten Coins Instead Wonder why the US mint has not sold a single ounce of silver so far in March? Here is a clue…

ECONOMIC CRISIS ARCHIVE

National / World

Paul: Let public vote on judges Texas Rep. Ron Paul said on Monday that Americans should have the same right to oust federal judges as Iowans did with their historic vote last November to remove three State Supreme Court justices.

Homeland Security Says It Has Every Right To Spy On Peaceful Protest Groups Steve Watson | The Department Of Homeland Security has decided it is reasonable for it to spy on dozens of peaceful groups.

Oil Shock: Banksters Ready QE3 Asset Bubble Kurt Nimmo | QE is forever.

TSA Worker Arrested for Impersonating a Police Officer Steve Watson | A TSA worker claimed he had the same authority as a police officer.

Obama Mimics Bush: Libyan Intervention Ahead Michael S. Rozeff | The American empire stands at the edge of disintegration.

Deluded TSA Worker Arrested After Telling Cop “I’m A Customs Inspector” The actions of a TSA worker who was pulled over during a routine traffic stop betray the general attitude of the TSA in recent month, that the agency is above the law and makes its own rules.

President Obama Issues Executive Order Institutionalizing Indefinite Detention President Obama today issued an executive order that permits ongoing indefinite detention of Guantánamo detainees while establishing a periodic administrative review process for them. The administration also announced it will lift the ban on bringing new military commissions charges against detainees that don’t already have ongoing cases in the substandard system.

MSM Hyped Reports Of Bombardment Give False Picture Of Tripoli Libya’s opposition has told Colonel Gaddafi, if he leaves the country now … they won’t put him on trial. But Libyan state TV has broadcast denials that Gaddafi offered to quit if his family were allowed to safely leave the country. Just a week ago media reports suggested that Gaddafi was close to total defeat. But today he’s still there, and news of his downfall proved to be exaggerated. RT’s Paula Slier went to Tripoli to uncover how things really stand.

British Tax Protesters Arrest Judge In Act Of “Lawful Rebellion” For those wondering whether we can expect to see anything like the scenes witnessed in Egypt coming to America or the United Kingdom, the actions of British protesters who engaged in “lawful rebellion” by attempting to arrest a judge yesterday could herald the beginning of a new tax revolt to rival the infamous poll tax riots of 1990.

Why is Hillary Not Defending the Rights of Saudis to Protest? Secretary of State Hillary Clinton had been exhaustively in front of cameras promoting the right for people to protest in Egypt, Bahrain, Iran, and Libya.

Kissinger urges Obama: Grant clemency to Israeli Spy [ The zionist kissinger shows colors in urging a self-destructive path for wobama. ] Former U.S. Secretary of State Henry Kissinger sent a letter to U.S. President Barack Obama on Monday, urging him to commute the prison term of Jonathan Pollard, who is serving a life term for spying for Israel.

Chinese military ‘growing fast’: think tank China is building its military capability at a rapid pace but it remains a “regional power with regional concerns”, the think tank IISS said in its annual report on the world’s armies on Tuesday.

http://www.saturday-night-live.com

Part of the webcast: www.youtube.com/watch?v=HIx4_t26AAs

] With neither side able to muster overwhelming force, the result appeared to be a bloody stalemate, with the death tolls rising in both east and west.

Obama creates indefinite detention system for prisoners at Guantanamo Bay (Washington Post) [ Sounds more like fellow failed president/war criminal dumbya bush every day. Meanwhile, back at the pervasively corrupt, defacto bankrupt american credit farm (totalitarian communist china): New restrictions on foreign journalists Under rules announced after foreign journalists were physically harassed by security officers, foreign journalists must have government permission to interview anyone in a public area.]

Gates successor a quandary for Obama(Washington Post) [ Quandary? For ‘wobama the b’ (for b*** s***)? I don’t think so! Like wobama, he or she must speak out of both sides of his/her mouth, be particularly adept at lying (cia-speak), and believe in absolutely nothing (no core values/beliefs). Gates says killing of Afghan boys a "setback" (Reuters) [Ah, yes, riiiiight! … that’s what it is, alright…just a setback…I see. ] Gates: US military to stay in Afghanistan US Defense Secretary Robert Gates, who is on a surprise visit to Afghanistan, says the American military should stay in the conflict-riddled country despite the rising human costs. Violent spring looming in Afghanistan (Washington Post) [ See … something to look forward to … must be that good news that keeps getting pushed back … and spring no less … everything bombing blooming or in war criminal american-speak … ‘booming’ … but not the defacto bankrupt american economy for which a crash is ‘looming’. Could somebody help me out with a translation of gates’ speech a west point … I must be missing something … Lt. Gen. John Kelly, who lost son to war, says U.S. largely unaware of sacrifice (Washington Post) [ I disagree! They are very much aware; as they stand in unemployment lines, use food stamps to get by, etc.. I hate to sound cavalier and I’m sorry that Kelly lost a son to war, but along with the multitude of civilians in the nations unlucky enough to provide a source of corporate welfare to the military industrial complex and war profiteering for the few (as warned against by President General Eisenhower), they died for nothing, for no good reason beyond the false propaganda. Six NATO troops killed in Afghanistan (Washington Post) [ Is there something wrong with the following picture? … am I missing something? … Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor - In a speech to cadets at the United States Military Academy at West Point, Gates's message was clear: The US military services, as well as the elected and appointed civilians who send them to war, need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning Against Wars Like Iraq and Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit late for that in light of pervasively corrupt, defacto bankrupt america’s consummate decline and fall! If only they had listened and not shot at the messenger … things could have been different! ] ] American military officials expect that the Taliban will mount a campaign to regain ground lost to U.S. troops last year and use suicide bombing teams to strike at those associated with the Afghan government or coalition forces. ]

Investors Whiplashed: Dave's Daily ‘As stated I'm away at a family reunion in Las Vegas. It's an appropriate place from which to view markets. Since the action is so crazy, no mere mortal, even with nearly 40 years experience, can make sense of it. So, in the interest of clarity (not to mention the family), I'll make only a couple of comments and just post a few charts. Yes, the unemployment data came in about as expected but wage growth was limited (who knew?!) and banks were downgraded by another bank, BAC. Not a nice thing to do to your pals. With MENA unrest near all time highs and oil prices exploding higher who would want to be casually long the markets heading into the weekend? But, someone (let's just guess shall we?) with the power to close this week higher launched a serious "stick save" late to do just that. This was gross manipulation. Volume was higher on selling once again as no doubt stops were hit once again. Meanwhile, per the WSJ, breadth was negative. ‘

Financialization and Our Increasingly Unstable Economy Roche ‘I finally got around to seeing the movie Inside Job, the story behind the credit crisis and winner of the Academy Award for best documentary. It’s very good and I highly recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The movie doesn’t place nearly enough blame on homeowners, but all in all it does an excellent job of showing how Wall Street and government have become overrun by deregulation and sheer greed.

A combination of flawed economic theory and greed have combined to create the beast that we now call a “functioning” economy. The worst part of it all is that President Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place.

In his latest letter Howard Marks touches on the regulatory debate. He says:

A great source on the subject is Wall Street Under Oath, a 1939 book on the causes of the Great Crash of 1929 written by Ferdinand Pecora, who was counsel to the Senate committee investigating the crash and later a New York State judge. I first read it about twenty years ago, and I brought it out of storage in 2007. It is a typical polemic, assigning blame and touting regulation pursuant to what I assume were the author’s philosophical/political biases (see page 4).

Pecora describes a Wall Street that, up to and including the 1920s, was like the Wild West. Bankers and brokers were out to make money for themselves; their behavior was largely unregulated; and conflicts between their interests and those of their clients were widespread and disregarded. In particular, according to Pecora, disclosure standards were non-existent.

These facts combined with other causes to produce a market crash of epic proportions; widespread losses; a drying up of capital; deflation; and a massive depression with a resulting increase in unemployment to 25%. Unsurprisingly, fingers were pointed at the prior administration and political power shifted to believers in an activist role for government. The most lasting result was the enactment of laws that governed the financial system for decades and in many cases still do: the Securities Act, the Securities and Exchange Act, and the Glass-Steagall Act. Thus the 1930s saw a massive swing of the pendulum in favor of regulation.

The next several decades on Wall Street were – perhaps thanks to the impact of those laws – a relatively placid period. This led to a view that, with rare exceptions, market participants are well-behaved by nature. Further, steady growth with only moderate dips caused a perception of an inherently benign and productive economy that could achieve even more if only the regulatory shackles were loosened. After President Carter deregulated the transportation industry in the late 1970s, the door was open for much of the regulatory apparatus built in the early part of the century to be relaxed. Ronald Reagan, whose famously free-market views coincided with a period of peace and prosperity, led the deregulatory charge. We saw a similar turn in Britain under the leadership of Margaret Thatcher; the collapse of the USSR and a resounding victory for capitalism; and the ascendance of free market adherents Alan Greenspan and George W. Bush.

With the economy and financial system generating prosperity, people wanted more of the same. And with manufacturing in decline, we relied heavily on the financial sector for an increased contribution to GDP, job creation and standards of living. The prevailing view was that the less regulation we had, the more productive business and finance could be. And what was there to be feared from an unregulated economy, anyway? The result in the past decade, according to a great newspaper quote that sadly I can’t locate, was “the kind of regulation you get from an administration that doesn’t believe in regulation.”

Thus, coming full circle from the 1930s, starting in 1999 we saw revocation of Glass-Steagall; elimination of the up-tick rule limiting short sales to instances when stock prices were rising; a pivotal decision to exempt derivatives from regulation; increased permitted leverage at investment banks; and starvation of regulatory agency budgets. These developments were followed by the global financial crisis of 2007-08. Coincidence or causality?

No, it’s most certainly not a coincidence. Marks goes on to argue that the markets and regulations will never be perfect so our economy will continue to be imperfect. It’s a rather defeatist and general attitude if you ask me. I think there are fairly basic rules that can and should be implemented that limit the potential outlier events from occurring. For instance, collateral on OTC derivatives would have substantially reduced the risks at the investment banks. Leverage limits. Higher capital standards. How about requiring down payments on homes? These are simple rules that eliminate the potential for some of the incredible risks we’ve seen over the last 25 years.

I am not an advocate of highly strict rules, just common sense rules. The fact that the NINJA loan ever even came into existence is a clear sign that allowing the markets to regulate themselves is bordering on insanity. Such lack of rules in capitalism is guaranteed to result in putting greed before rationality. I don’t want to contain capitalism. But I do want to keep it from destroying itself. That is the path we are on and the increasing instability upon which we build each recovery is a clear example….

In the movie, a prominent paper is mentioned written by Raghuram Rajan, a professor of Economics at the Chicago School. He shows how the financialization of the US economy is creating an increasingly unstable economy. Make no mistake, markets are not self regulating. This nonsense that government should never oversee the free market is disastrous policy that is driven by a misguided and dogmatic political perspective and a purely greed driven banking system. It’s a great weekend read. Enjoy. ‘

Fed Has Convinced Consumers to Re-Leverage [ Sounds like a plan! … albeit a failed plan ala greenspan … this encore courtesy of ‘’no-recession helicopter ben shalom bernanke’ … anything for that irrationally exuberant feeling on wall street …. Bubbles, bubbles, everywhere, but not a bloke to blink. ] Roche ‘Despite lopsided balance sheets and near record levels of household debt the Fed appears to have succeeded in convincing American households that it is wise to begin re-leveraging. The Fed’s latest consumer credit report showed broad improvement in consumer credit trends (via Econoday):

"Consumer credit outstanding in December rose $6.1 billion showing, for the first time in the recovery, gains for both revolving and non-revolving credit. Revolving credit, up $2.3 billion, rose for the first time in 27 months. Non-revolving credit, reflecting strength in vehicle sales, extended its run of strength with a gain of $3.8 billion. Looking ahead to January’s number, there may be some modest help from motor vehicle sales which edged up 0.6 percent for the month but the amount boosting consumer credit will depend in part on the share split of sales to consumers and to businesses."

[chart]

(Click to enlarge)

As I’ve previously mentioned, this is great news for the near-term economic outlook. A re-leveraging consumer means more spending, higher corporate revenues, etc. My hope was that a 10% deficit would result in consumers continuing to de-leverage, however, that looks like wishful thinking. Instead, the combination of easy money and no loser capitalism appears to be setting the foundation for another debt binge. At a level of 115% of debt:income, this trend is clearly unsustainable, however, the American public appears intent on sustaining its fiscal imprudence. In short, enjoy the growth, however, once the deficit shrinks or another asset bubble pops the air is going to come out of the debt bubble once again and the upside down U.S. consumer will again be exposed as the imprudent consumer that he/she is...’

Flashback: Comprehensive Annual Financial Reports Exposed Infowars | There is no reason for continued taxation, the government has a secret slush fund and in the meantime is telling you that they’re broke.

Iran oil wealth ‘must be shared’ with citizens says Soros BBC | Citizens of oil producing nations must see more benefit from their country’s national resources, says billionaire.

Former Goldman director charged with insider trading Globe & Mail | Raj Rajaratnam, the founder of hedge fund Galleon Group, is on trial on criminal insider-trading charges.

Gas up 33 cents — second biggest two-week jump ever Reuters | The national average for a gallon of self-serve, regular gas was $3.50 on March 4.

Saudi Stock Market Tumbles as Fear of Revolt Grows The Telegraph | Triggered by the arrest of Shi’ite cleric after he called for democratic reforms.

The Shadow King Of Wall Street: “Markets Like Totalitarian Governments” Wall Street’s shadow king, Blackrock’s Larry Fink who manages over $3 trillion, and is the world’s biggest asset manager, appeared on Bloomberg TV in an interview with Erik Schatzker, and the first thing he said is that the “market likes totalitarian governments.” Matt Damon Thinks Obama Is Working For Wall Street

Big Brother: The Orwellian Nightmare Come True When George Orwell (pen name of Eric Blair) first published his famous novel, Nineteen Eighty-Four, it was the year 1949, and it told a dark story of what he envisioned life may be like in the future-in the year 1984.

Britain at risk of another financial crisis, Bank of England chief warns Britain risks suffering another financial crisis without reform of the country’s banks, the Governor of the Bank of England warns today.

Oil Price Shock; You Ain’t Seen Nothing Yet The most common cause of a spiking oil price is supply shock. We may be seeing just such a phenonenon right now with the effective shut down of Libyan oil. But sometimes it’s excessive demand that does the damage.

Wisconsin Governor To Issue 1500 Layoff Notices Unless Fugitive Democrats Return To The State In addition to “stagflation” which we announced in January would be the word of the year, we now have a new contender in the running for what may soon be the most popular word for the next 10 months: “escalation.”

The Fed Distorts The Economy With Inflation The Federal Reserve tells us we need inflation to overcome the overhang created by debt and its inflationary aspects. The inflation does not create jobs – it just distorts prices upward.

Spain town reintroduces peseta to boost economy A small town in northern Spain has decided to reintroduce the old Spanish currency – the peseta – alongside the euro to give the local economy a lift.

QE2: An Unmitigated Disaster

[video] Summer Bears Will Threaten Two-Year Bull Run

STOCKS DIVE, SILVER SURGES, TECH HAMMERED: Here's What You Need To Know

More Jobs Mirage In February—BLS Continues To Overestimate Job Growth Paul Craig Roberts | The announcement that 192,000 new jobs were created in February was greeted with a sigh of relief.

Government’s biggest monthly deficit ever Washington Times | $223 billion, according to the Congressional Budget Office.

Gas up 33 cents — second biggest two-week jump ever Reuters | The national average for a gallon of self-serve, regular gas was $3.50 on March 4.

Oil, Gold, and Silver Prices Up as Saudi Arabia Faces Unrest Oil market speculators used the escalating conflict in Libya as an excuse to jack up crude prices to $106 per barrel today. Crude oil prices rose on news opposition forces and soldiers loyal to Moammar Gadhafi clashed near some of the country’s key energy infrastructure.

SocGen’s Three Scenarios For Oil See Crude Price Between $110 And $200 After Nomura released a report two weeks back predicting oil could rise to $220 if the MENA situation escalates, this morning SocGen’s Michael Wittner has released his own scenario analysis on the possible outcomes of the 2011 revolutions.

More Jobs Mirage In February—BLS Continues To Overestimate Job Growth The announcement on March 4 that 192,000 new jobs were created in February was greeted with a sigh of relief. But the number is just more smoke and mirrors, as I will show shortly. First, let’s pretend the jobs are real. What areas of the economy produced the jobs?

Gold Surges, Hits New All Time High Of $1,437 After Precious Metals Talked Up During PDAC Conference As the world continues to burn, gold hits a new all time high of $1,437 as silver is en route to pass $36. Whatever shorts did not cover on Friday night are strongly urged to postpone their “market top” speculation until another day. Elsewhere Bernanke is still confused by what the relentless march to daily all time highs in gold means…

ECONOMIC CRISIS ARCHIVE

National / World

Amtrak Chief Targets TSA For Conducting “Illegal” Grope Downs In late February, the Transportation Security Administration took over the Amtrak station in Savannah, Ga., and thoroughly searched every person who entered. None of the passengers got into trouble, but the TSA certainly did — big time.

Michael Moore’s Communist Rhetoric Distracts from Crimes of the Banksters Last week, filmmaker Michael Moore declared war on the producers. Moore told Laura Flanders of GRITtv that people who did not create trillions of dollars of wealth are entitled to steal it from those who did. Private wealth, Moore insisted, is a “national resource” that can be expropriated from the producers and divided parasitically between the non-producers.

Oil And Gold Slip On Rumors Gaddafi Set To Flee Oil and gold pared some of their soaring gains today after a rumor began circulating that Moammar Gaddafi was seeking to reach an agreement with rebels that would allow him to safely flee the country in return for relinquishing power.

Interventionism Leads to Resentment and Anti-Americanism Last week, Secretary of State Hillary Clinton testified before the House Foreign Affairs Committee, and I had the opportunity to raise some of my concerns regarding US government policy and the cost of our interventionism around the world.

Michael Moore’s Communist Rhetoric Distracts from Crimes of the Banksters Kurt Nimmo | Filmmaker says your hard-earned money is a national resource.

The Resistance Continues: More “The Answer to 1984″ Video Contest Entries Infowars | Another great batch of video entries.

Oil And Gold Slip On Rumors Gaddafi Set To Flee Paul Joseph Watson | Libyan leader has offered rebels deal to take power if safe exit of his family is guaranteed, according to reports.

Oil, Gold, and Silver Prices Up as Saudi Arabia Faces Unrest Kurt Nimmo | Protests planned in oil kingdom today as government promises to dispatch 10,000 troops to put down dissent.

Bill O’Reilly And Old Media: Not Waving But Drowning Paul Joseph Watson | The establishment is so terrified of new media, they dare not mention Alex Jones by name.

‘Egyptian army follows Israel, US orders’ Protests in Egypt gain momentum as revolutionaries say they are set to disclose information incriminating senior officials over their involvement in the violent crackdown on anti-regime protests.

Libya: ‘Eight SAS Soldiers Held By Rebels’ Eight SAS soldiers have been detained by rebels in Libya, according to Sky News sources.

Libya: Gaddafi Gunships Fire On Rebels Libyan helicopter gunships have fired on rebels advancing along the coast towards the capital Tripoli.

Chinese state media slams calls for protests China’s state media stepped up its criticism of calls for anti-government rallies on Sunday, saying stability is key amid concern that unrest sweeping the Middle East could spread to the Asian nation.

Saudis mobilise thousands of troops to quell growing revolt Saudi Arabia was yesterday drafting up to 10,000 security personnel into its north-eastern Shia Muslim provinces, clogging the highways into Dammam and other cities with busloads of troops in fear of next week’s “day of rage” by what is now called the “Hunayn Revolution”.

US Department of Imperial Expansion The illegitimacy of the current US State Department fits in well with the overall Constitution-circumventing empire that the American Republic has degenerated into. The current Secretary of State, Hillary Clinton, gives a daily affirmation of this illegitimacy every time she bellies up to the podium and further makes a mockery of America, its people and its destiny.

Zbigniew Brzezinski Spouts Globalist Agenda on Al Jazeera Zbigniew Brzezinski: We shouldn’t be the policeman of the world… but we should send troops and warships to Libya.

Hey Bill O’Reilly: Alex Jones is a Patriot, And You’re a Clown Fox News host Bill O’Reilly mentioned Alex Jones’s appearance on the View the other day, calling him “some guy on the radio, we really don’t know who he is.” But as Kurt Nimmo points out, O’Reilly is not totally out of the loop.

TSA, DHS plan massive mobile surveillance rollout Mike Adams | The DHS is America’s new secret police.

US Department of Imperial Expansion Tony Cartalucci | The illegitimacy of the current US State Department fits in well with the overall Constitution-circumventing empire that the American Republic has degenerated into.

Senior Fed Economist Calls Ron Paul a Pinhead Robert Wenzel | If you think destruction of a currency is no biggie, call Robert Mugabe in Zimbabwe.

Bill O’Reilly: Who Is Alex Jones? Kurt Nimmo | Fox News anchor with ratings in decline feigns ignorance of growing alternative media.

People Of Earth: Prepare For Economic Disaster The Economic Collapse | It is not just the United States that is headed for an economic collapse.

Don’t Worry, the Economy is Going to be Just Fine The American Dream | Haven’t you heard? The coming economic collapse has officially been cancelled.

Rolling Stone: Glenn Beck Rips Off Alex Jones Infowars.com | Rolling Stone Magazine has posted a part two to follow up on its profile of Alex Jones earlier this week.

We’re On The March: More “Answer to 1984″ Video Contest Entries Infowars | More entries for “The Answer to 1984 is 1776″ video contest.

Homicide case involving Daley nephew closed without charges Chicago Sun-Times | Chicago Police said Friday they know who hit David Koschman and knocked him to the ground in a drunken confrontation in the Rush Street area, leading to his death.

Major Libyan oil plant ablaze Mail Online | A major Libyan oil plant was ablaze last night as fresh fighting raged across the country leaving at least 50 dead.

Qaddafi’s Militia Storms Key Town Controlled by Rebels NY Times | Col. Muammar el-Qaddafi’s militia stormed the rebels controlling the town of Zawiyah on Saturday.

‘If the Americans Come, They Would Steal our Revolution’ Spiegel Online | Opposition fighters claim they have driven back their attackers, but the battle is far from finished.

Alex Jones: The Name Bill O’Reilly Dare Not Speak During a discussion on Charlie Sheen, Fox News’ Bill O’Reilly mentioned Alex Jones’ appearance on The View. He didn’t bother to mention Jones by name. O’Reilly said Jones is merely “some guy on the radio, we really don’t know who he is,” and his co-host during the segment, Arthel Neville, chuckled.

Don’t Worry, Be Happy: Unemployment Is Down, The Stock Market Is Up And The Economy Is Going To Be Just Fine Haven’t you heard? The coming economic collapse has officially been canceled. The U.S. economy is in full recovery mode. It has just been announced that the U.S. unemployment rate fell to 8.9% in February. That was the third monthly decline in a row.

People Of Earth: Prepare For Economic Disaster It is not just the United States that is headed for an economic collapse. The truth is that the entire world is heading for a massive economic meltdown and the people of earth need to be warned about the coming economic disaster that is going to sweep the globe.

Texas Plans to Implement REAL ID in 2013 Tela Mange, Chief of Media Relations at Texas Department of Public Safety, has responded to an Infowars.com request for information on the state’s implementation of REAL ID.

Gaddafi forces mount fierce counterattack; witnesses describe ‘massacre’ in city under siege Forces loyal to Libyan leader Moammar Gaddafi on Friday unleashed their fiercest counterattack yet, assaulting rebel-held positions by ground and air and firing on demonstrators in the government stronghold of Tripoli.

MI6, SAS Working Together To Take Control In Libya Britain is to send teams of spies and diplomats into Libya to help oust Colonel Gaddafi, it emerged last night.

http://www.saturday-night-live.com

Part of the webcast: www.youtube.com/watch?v=HIx4_t26AAs

Drudgereport: FLASHBACK: Larger Than Entire 2007 Deficit...
Treasury Draws Down Cash Balance...
FEBRUARY DEFICIT: $223 BILLION

GATES SAYS ANY MILITARY ACTION ON LIBYA SHOULD HAVE INTERNATIONAL BACKING...
Caught on Video: General Petraeus And Secretary Gates Share Private Joke About Attacking Libya...
NATO starts 24/7 surveillance of Libya...

Greece slams rating agencies after MOODY'S cut...
Spain's savings banks race to find funds by Thursday...
Portugal edges closer to crisis... PAPER: Obama asks Saudi Arabia to supply Libyan rebels with weapons...
GADHAFI OFFENSIVE MAKES LITTLE GROUND
Saudi Arabia detains Shi'ites as clerics ban protests...
OIL CONTINUES CLIMB...

Gas prices up 33 cents -- in two weeks!

Number of ObamaCare waivers climbs above 1,000...

Unrest returns to Cairo streets... UK 'to send team of spies' to help oust Gadhafi...
British Army readies for mission at 24 hours' notice...
Obama goes golfing...
ROMNEY TO NH: WE NEED A NEW PRESIDENT

'Moore: The rich have overplayed their hand' … [yes they have … quite foolishly at that … they really have] ...

CHICAGOLAND: Homicide case involving Daley nephew closed without charges... OBAMA TAKES 'BUTTER KNIFE' TO BUDGET...

Biden opens budget talks -- leaves country...
Senate Democrats dropping like flies...
Harry Reid offers spending proposal -- predicts failure... Saudi Arabia bans all protest and marches...
Mobilizes thousands of troops to quell growing unrest...
'MASSACRE' IN ZAWIYAH...
Shi'ite protesters in Bahrain form human chain around capital...
SHOCK VIDEO: Women gunned down by soldiers in Ivory Coast...

Peter King, IRA supporter and enthusiastic counter-terrorism advocate (Washington Post) [ A neocon; a zionist with a large jewish constituency; an IRA terrorist supporter; looks a lot like, bears a striking resemblance to, corrupt dodo dodd former Conn. Senator; in sum, that can’t be good. Maybe he suffers from a multiple personality disorder. I mean … wow! Whew! ]

Milbank: The subpar lender crisis (Washington Post) [ It truly is difficult for me to imagine Mr. Milbank as a business reporter; although, … wall street journal … could fit. I had occasion to know a successful wall street executive, chairman, institutional brokerage / investment banking firm, who referred to the wall street journal as ‘total b*** s***’. I don’t think Mr. Milbank needs to refer to an ad hoc experience which we know and can reasonably infer to be ubiquitous in kind and that they’re all a bunch of typical american crooks (he wasn’t … but he was an old school risk seeker long since out of the game). Academy Award winner Ferguson is way ahead: ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( now what do holder and wobama have in common … is it wall street money ………… is it a proclivity for jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it something else …… here’s a hint - UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’ US v. AZ... Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related

[Here’s an archived version

http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]

]

Private hiring spurs drop in jobless rate (Washington Post) [ This is a tab yet to be paid (taxpayer / treasury / public) and the costs in money the nation doen’t have for the political obfuscation will far outway the benefits. (Gallup Reports Underemployment Surges To 19.9%, February “Jobs Situation Deteriorates”: As Bad As 2010 On one hand we have the Department of Truth about to tell tomorrow that NFP based on various seasonal and birth death adjustments increased by 250,000… Santelli: 'Good' Jobs Report Has Dark Side... … Denninger ‘ … Summary: The report did not show any material amount of acceleration; it is, for all intents and purposes, flat. The Household Survey showed some people going back to work, but in terms of percentage of the working-age population the needle did not move to any material degree. The problem continues to be people we don't count as unemployed but in fact are, and as such the statistical gerrymandering of the results will give both the left and right something to spin, but in point of fact there's no evidence of an economy that is recovering it's ability to generate both private income and tax revenues.’ … ‘ Mason’…Over the past four weeks, the Treasury’s General Account has dropped by almost $70 billion. Thus, between this account and the Treasury’s Supplementary Financing Account the Fed has injected almost $170 billion reserves into the banking system in February …’ Gerald Celente: “There is no recovery — it’s a coverup!” Sic Semper Tyrannis | Celente argues the oil prices have been going up before the recent chaos in the Middle East. ‘…One other point brought out by Gerald Celente is the fact that the current puppet regime in the White House is “cooking the books” on the unemployment numbers and current inflation rates. They are making their own rules on how to determine inflation rates by leaving out essential information such as food and fuel prices. The same is being done with White House unemployment numbers by simply leaving out those who have given up looking for jobs, as well as other deceptive “carnie” tricks (in reference to White House spokesperson Carnie) in which he compares the administration to a traveling carnival act.

In closing, Celente states:

“… There is no recovery, it’s a coverup. It’s only being boosted by these low interest rates, which again, when inflation skyrockets- they’re gonna have to raise them …‘

]

Delusional for 2012Will: Huckabee and Gingrich are diminishing the GOP. (Washington Post) [ That’s only if you take them seriously; and, you can’t take neocons seriously. You know the type … the pro-zionist bush me-toos … and don’t forget … what could be more diminishing than having failed president ‘wobama the b’ (for b*** s***) as their putative head. Perma war types all, the pervasively corrupt america is defacto bankrupt. Drudgereport: Delaware voters say no to Lobotomy Joe ….. Biden (the self-proclaimed zionist) -- for name of school... 'Wobama’s Where's Waldo?' Presidency... All Former U.S. Presidents To Get Together For TV Special Honoring George H.W. Bush…(How totally pathetic they are! How embarrassing for NBC!) ... [ Wake up! http://albertpeia.com/bushcrimes.htm ] Gingrich to announce exploratory committee 'in 10 days' [ Neo-con Dreamin’! I mean, come on … are memories so short they don’t recall him being a total hypocrite, zionist shill, and part of the problem though to his credit, he’s not a mobster and complete joke as is trump! ] CHICAGOLAND: Lawmaker Suggests BOEING'S Contract Win A Result Of Dirty Politics... [ The contract’s with money the nation doen’t really have anyway; and, the value of the money paid will be worth substantially less by completion; and, no surprise … Chicago hasn’t changed much from the days of capone and is rivaled in terms of corruption by such states as jersey, new york, etc.. ] ‘…“I’m disappointed but not surprised,” Republican Sen. Richard Shelby said. “Only Chicago politics could tip the scales in favor of Boeing’s inferior plane. EADS clearly offers the more capable aircraft.”…’
Rep. Rangel Causes Stir In Courtroom; Reprimanded By Judge...NEW YORK (CBSNewYork) – Congressman Charles Rangel caused a stir in court Friday while trying to lend his support for bail of Afrika Owes.Owes, 17, had been a student at the prestigious Deerfield Academy in Massachusetts. Prosecutors say she was also a member of a drug gang that terrorized 137th Street in Harlem.Owes was one of fourteen suspected “137th Street Crew” gang members arrested last month. Prosecutors said the gang used shootings, beatings and robberies to protect their turf and gain street status on a stretch of West 137th Street. The gang allegedly openly dealt crack in apartment lobbies, near Harlem Hospital and near the Abyssinian Baptist Church. Congressman Charles Rangel argues for Owes getting bail to Juliet Papa of 1010 WINS

Violent spring looming in Afghanistan (Washington Post) [ See … something to look forward to … must be that good news that keeps getting pushed back … and spring no less … everything bombing blooming or in war criminal american-speak … ‘booming’ … but not the defacto bankrupt american economy for which a crash is ‘looming’. Could somebody help me out with a translation of gates’ speech a west point … I must be missing something … Lt. Gen. John Kelly, who lost son to war, says U.S. largely unaware of sacrifice (Washington Post) [ I disagree! They are very much aware; as they stand in unemployment lines, use food stamps to get by, etc.. I hate to sound cavalier and I’m sorry that Kelly lost a son to war, but along with the multitude of civilians in the nations unlucky enough to provide a source of corporate welfare to the military industrial complex and war profiteering for the few (as warned against by President General Eisenhower), they died for nothing, for no good reason beyond the false propaganda. Six NATO troops killed in Afghanistan (Washington Post) [ Is there something wrong with the following picture? … am I missing something? … Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor - In a speech to cadets at the United States Military Academy at West Point, Gates's message was clear: The US military services, as well as the elected and appointed civilians who send them to war, need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning Against Wars Like Iraq and Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit late for that in light of pervasively corrupt, defacto bankrupt america’s consummate decline and fall! If only they had listened and not shot at the messenger … things could have been different! ] ] American military officials expect that the Taliban will mount a campaign to regain ground lost to U.S. troops last year and use suicide bombing teams to strike at those associated with the Afghan government or coalition forces. ]

Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume.htm

http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm

http://www.scribd.com/alpeia

You may post a comment on my blog on any topic: http://alpeiablog.blogspot.com

Saturday, March 12, 2011

March 11, 2011 posts

Business / Economic / Financial

] Higher down payments could be demanded by lenders, and the availability of long-term mortgages with fixed interest rates could be curtailed.

] The earthquake and tsunami in Japan struck an area that accounts for only a small fraction of the country's economic activity, but damage could still run into the tens of billions of dollars.

Adjusted Monetary Base: Up, Up And Away Shortly Zero Hedge will present our quarterly analysis of the liabilities held by the shadow banking system.

Chilling Account of Big Brother Society Infowars.com | Author Mark Dice details horrific scope of technological control grid.

Japanese Nuclear Meltdown Would Be Hundreds of Times Worse Than Chernobyl Kurt Nimmo | Radiation levels inside Fukushima Daiichi nuclear power plant are 1,000 times normal levels.

Justice Department: TSA Has Authority To Literally Strip Search People Steve Watson | Naked body scanners court case underway, throws up disturbing precedents

Global Warming Did Not Cause The Japanese Earthquake Paul Joseph Watson | BBC reporter spouts lies about “disappearing” South Pacific island to imply man-made climate change connection to devastating tsunami.

Videos Document Horrific Japanese Earthquake Infowars.com | The earthquake is one of the largest ever recorded.

REPORT: 88,000 People Are Missing In Japan Heartbreaking: While the death toll remains in the low hundreds right now (officially) it seems sure to spiral much higher. According to the Kyodo News Agency, via BBC, the official missing persons tally is around 88,000.

Ron Paul: No-fly Zone Over Libya Would be an Act of War On the House floor Thursday, Rep. Ron Paul pointed out that imposing a so-called no-fly zone on Libya would be illegal under international law and an act of war.

Saudi King Counters Protests With $36 Billion as Tension Mounts As unrest escalated across the Middle East, activists in Saudi Arabia demanded a political voice as well. Rather than promises of democracy, they got a $36 billion handout and a slap down from Islamic clerics.

Nato ‘kills cousin of Afghan President Hamid Karzai’ A relative of Afghan President Hamid Karzai has been mistakenly killed by Nato troops in southern Afghanistan, officials say.

] Official opens an investigation into allegations that the agency mishandled potential conflicts of interest in its response to Madoff's Ponzi scheme.

Ex-Goldman Sachs Analyst: “Major War” Coming End Of 2012 Paul Joseph Watson | Massive conflict will prompt stock market collapse, predicts cycle strategist Nenner.

8 Reasons Why Silver Is the Investment of the Decade If there’s one asset that’s heated up over the last several months amid tensions in the middle east and a second round of the Federal Reserve’s quantitative easing, it’s silver.

Bernanke Tries To Explain Why A Ponzi Scheme Is A Perfectly Acceptable System For Post Civil-War America, Fails The following exchange between Ben Bernanke and Senator Kirk is a must watch for everyone who wonders how Ben Bernanke justifies the fact that America is now an open Ponzi scheme.

Gasoline cost to jump $700 for average household U.S. drivers will pay another 10 cents a gallon for gasoline before the latest jump in wholesale costs is fully passed on at the pump, and yearly motor fuel costs will rise 28 percent from last year, the Energy Department said on Wednesday.

Ex-Goldman Sachs Analyst: “Major War” Coming End Of 2012 Paul Joseph Watson | Massive conflict will prompt stock market collapse, predicts cycle strategist Nenner.

Bob Bowman: Star Wars Secrets & Lies Paul Joseph Watson | Former head of SDI blows the whistle on the militarization of space.

Stealing from Social Security to Pay for Wars and Bailouts Paul Craig Roberts | The government of the United States does not represent the American people. It represents the oligarchs.

Doctors Report Bahrain Using Nerve Gas On Demonstrators Kurt Nimmo | Bahraini PM states the monarchy is permitted to use chemical weapons against its citizens.

Egyptian Revolution? Globalists Own Both Horses In Two Horse Race Paul Joseph Watson | Welcome to “democracy,” new world order style.

Oil Trims Losses After Saudi Police Fire On Protesters Crude-oil futures pared losses Thursday after reports Saudi police opened fire at protesters in the eastern city of Qatif.

Three BBC journalists ‘detained and beaten’ in Libya Three BBC journalists were “detained and beaten” before being subjected to a mock execution while reporting in battle-torn Libya, the news organisation reported Wednesday.

] Official opens an investigation into allegations that the agency mishandled potential conflicts of interest in its response to Madoff's Ponzi scheme.

] Here is how I define a welfare program.

] While Washington bickers noisily over cutting a small slice of the federal budget, Sens. Mark Warner, a Virginia Democrat, and Saxby Chambliss, a Georgia Republican, launch a campaign to convince the public that merely cutting spending will do little to tame the $14 trillion national debt.

]

] A battle over a proposed free-trade agreement with Colombia is undercutting U.S.'s pact with South Korea

This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b*** s*** alone is an especially great opportunity to sell / take profits while you can since there's much worse to come!

21 Signs Of Impending Doom For The 2011 Economy ‘If you are not aware of how rapidly the global economic situation is unraveling you need to snap out of it and start paying attention. The world economy was relatively stable in 2010, but here in 2011 things are deteriorating very quickly.

HOW IT WILL ALL END : Debt Jubilee or WWIII ? Bob Chapman talks about the crumbling economy and how it will implode.

Warning Of ‘Food Price Riots In The UK’ A senior economist at the worldwide bank HSBC has warned of civil unrest in Britain if food prices continue to soar.

Jesse Jackson, Jr.’s Communist Bill of Rights Kurt Nimmo | Jackson’s speech is like something right out of the CPUSA playbook.

Soros: Communist Chinese Model Of Order May Become “The Envy Of The World” “Western democracies provide less successful leadership than China”

Day Of Rage: Saudi Arabia In Veiled Threat To US Paul Joseph Watson | Saudi Foreign Minister threatens to “cut foreign fingers” in event of outside intervention after US sided with protesters.

Corporate Media Coverage of Libya is a Psyop Kurt Nimmo | Only by destroying the oil-based economy can the globalists forge ahead with their plan to implement world authoritarian government.

Soros: Communist Chinese Model Of Order May Become “The Envy Of The World” Billionaire investor George Soros has once again cited China’s dictatorship as the model for the rest of the world in a speech at an elite gathering in Europe.

Corporate Media Coverage of Libya is a Psyop In the interview here, war correspondent Keith Harmon Snow spells out how the lopsided coverage of the conflict in Libya is a Pentagon psyop. The psyop is particularly evident on CNN, especially on Anderson Cooper’s show.

This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b*** s*** alone is an especially great opportunity to sell / take profits while you can since there's much worse to come!

Will The Day Of Rage In Saudi Arabia On March 11 Send The Price Of Oil Into Unprecedented Territory? The price of oil is shaping up to be the number one economic story of 2011, and right now the eyes of the investing world are closely watching the developing situation in Saudi Arabia.

No Silver? No Problem: US Mint Would Like To Know If You Will Accept Brass, Steel, Iron Or Tungsten Coins Instead Wonder why the US mint has not sold a single ounce of silver so far in March? Here is a clue…

Paul: Let public vote on judges Texas Rep. Ron Paul said on Monday that Americans should have the same right to oust federal judges as Iowans did with their historic vote last November to remove three State Supreme Court justices.

Homeland Security Says It Has Every Right To Spy On Peaceful Protest Groups Steve Watson | The Department Of Homeland Security has decided it is reasonable for it to spy on dozens of peaceful groups.

Oil Shock: Banksters Ready QE3 Asset Bubble Kurt Nimmo | QE is forever.

TSA Worker Arrested for Impersonating a Police Officer Steve Watson | A TSA worker claimed he had the same authority as a police officer.

Obama Mimics Bush: Libyan Intervention Ahead Michael S. Rozeff | The American empire stands at the edge of disintegration.

Deluded TSA Worker Arrested After Telling Cop “I’m A Customs Inspector” The actions of a TSA worker who was pulled over during a routine traffic stop betray the general attitude of the TSA in recent month, that the agency is above the law and makes its own rules.

Why is Hillary Not Defending the Rights of Saudis to Protest? Secretary of State Hillary Clinton had been exhaustively in front of cameras promoting the right for people to protest in Egypt, Bahrain, Iran, and Libya.

Chinese military ‘growing fast’: think tank China is building its military capability at a rapid pace but it remains a “regional power with regional concerns”, the think tank IISS said in its annual report on the world’s armies on Tuesday.

Big Brother: The Orwellian Nightmare Come True When George Orwell (pen name of Eric Blair) first published his famous novel, Nineteen Eighty-Four, it was the year 1949, and it told a dark story of what he envisioned life may be like in the future-in the year 1984.

Britain at risk of another financial crisis, Bank of England chief warns Britain risks suffering another financial crisis without reform of the country’s banks, the Governor of the Bank of England warns today.

Oil Price Shock; You Ain’t Seen Nothing Yet The most common cause of a spiking oil price is supply shock. We may be seeing just such a phenonenon right now with the effective shut down of Libyan oil. But sometimes it’s excessive demand that does the damage.

The Fed Distorts The Economy With Inflation The Federal Reserve tells us we need inflation to overcome the overhang created by debt and its inflationary aspects. The inflation does not create jobs – it just distorts prices upward.

Spain town reintroduces peseta to boost economy A small town in northern Spain has decided to reintroduce the old Spanish currency – the peseta – alongside the euro to give the local economy a lift.

QE2: An Unmitigated Disaster

[video] Summer Bears Will Threaten Two-Year Bull Run

STOCKS DIVE, SILVER SURGES, TECH HAMMERED: Here's What You Need To Know

Oil And Gold Slip On Rumors Gaddafi Set To Flee Oil and gold pared some of their soaring gains today after a rumor began circulating that Moammar Gaddafi was seeking to reach an agreement with rebels that would allow him to safely flee the country in return for relinquishing power.

Interventionism Leads to Resentment and Anti-Americanism Last week, Secretary of State Hillary Clinton testified before the House Foreign Affairs Committee, and I had the opportunity to raise some of my concerns regarding US government policy and the cost of our interventionism around the world.

Michael Moore’s Communist Rhetoric Distracts from Crimes of the Banksters Kurt Nimmo | Filmmaker says your hard-earned money is a national resource.

The Resistance Continues: More “The Answer to 1984″ Video Contest Entries Infowars | Another great batch of video entries.

This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b* s* alone is an especially great opportunity to sell / take profits while you can since there's much worse to come!

This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. This manipulated bubble in this secular bear market based on b* s* alone is an especially great opportunity to sell / take profits while you can since there's much worse to come!