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 ]

(Washington Post) [ Comments COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ]

Lessons from the long tail of improbable disaster (Washington Post) [ No! I disagree with the implication of the article! Modern life advantages? What, new fangled frauds? That was the bottomline to the real estate debacle; that is, the ‘pretend’ was creating an ongoing plethora of profits derived from literally worthless paper. If not for financial incentive (from fraud), and certainty of prosecution for the fraud (to date such has not occurred), this still extant debacle in the trillions would not have occurred. Moreover, and this is not 20/20 hindsight, I had no idea of the prevalence of earthquakes in Japan (but was aware of their nuclear energy commitment) and clearly, conscious decisions for the sake of extra profits were made regardless of risk. Some (ie., earthquake-prone) nations just have to suck it up and make do without nuclear (and pay more for fossil fuels, etc., which would affect margins). The BP disaster was the consequence of a known flaw, even warned against by personnel close to the debacle (the solution possibly affecting executive bonuses, yacht, plane, exotic vacation home, etc.). New Orleans? … well, who’d want to live there anyway outside of the Mardi Gras celebration…just kidding. All the attention in the world does not change the ‘facts of life’. No, not those facts of life, but reality. ] The lesson of disasters such as the one in Japan is that more attention must be paid to extra risks that come with all the advantages of modern life

Is the Bear Market Back? [ The bear market never left … This has been a manipulated bubble-bull cycle in this secular bear market based on b*** s*** alone and hence, is an especially great opportunity to sell / take profits while you can since there's much worse to come! ] Michaud ‘Financial Markets at Critical Junctures’ (see infra)

U.S. Stocks in Red, Though Markets Cut Early Losses Amid Fed Optimism [ Fed optimism? You mean ‘fed b*** s*** ‘! Yes, we’re spoon fed ‘fed b*** s*** ‘. The same ‘no-recession’ b*** s*** that wall street frauds are made of and thrive on. What do you expect them to say? After all, it’s the fed’s incompetence, complicity and wall street’s greed, fraud! ] Midnight Trader (see infra)

The sad, hypocritical retirement of Evan Bayh Klein (Washington Post) [ What’s so sad about it? Maybe only that the entire congress hasn’t stepped down with him, along with ‘wobama the b’ and the rest of his executive branch except law enforcement, and that other so-called judicial branch of plushly accoutered lifetime appointees. After all, someone must bear responsibility for the pervasively corrupt, defacto bankrupt state of the nation. If not them, then who. In the figurative (and I mean figurative not literal) sense, we should all burst out with that familiar refrain from ‘Another one bites the dust’.]

Obama Laments He’s Not President Of Communist China [ Time to relieve wobama the b’ (for b* s*) of his burden by impeaching / removing him from office without delay! He may not have been the first black president (Clinton is generally considered the first black president by blacks and whites alike, a moniker Clinton accepted and wore proudly – that 18% vote), but he is certainly the last! Drudgereport: `City Lowers Police Testing Standards Because Not Enough Blacks Passed...` `Under pressure from Obama administration... Illinois mayor says Obama still owes city $55,457... Obama to party with Washington reporters...` `Golf in the afternoon...` ] Weekly Standard | “Mr. Obama has told people that it would be so much easier to be the president of China.”

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. ]

Lessons from the long tail of improbable disaster (Washington Post) [ No! I disagree with the implication of the article! Modern life advantages? What, new fangled frauds? That was the bottomline to the real estate debacle; that is, the ‘pretend’ was creating an ongoing plethora of profits derived from literally worthless paper. If not for financial incentive (from fraud), and certainty of prosecution for the fraud (to date such has not occurred), this still extant debacle in the trillions would not have occurred. Moreover, and this is not 20/20 hindsight, I had no idea of the prevalence of earthquakes in Japan (but was aware of their nuclear energy commitment) and clearly, conscious decisions for the sake of extra profits were made regardless of risk. Some (ie., earthquake-prone) nations just have to suck it up and make do without nuclear (and pay more for fossil fuels, etc., which would affect margins). The BP disaster was the consequence of a known flaw, even warned against by personnel close to the debacle (the solution possibly affecting executive bonuses, yacht, plane, exotic vacation home, etc.). New Orleans? … well, who’d want to live there anyway outside of the Mardi Gras celebration…just kidding. All the attention in the world does not change the ‘facts of life’. No, not those facts of life, but reality. ] The lesson of disasters such as the one in Japan is that more attention must be paid to extra risks that come with all the advantages of modern life

Hidden workforce hinders recovery (Washington Post) [ Come on! Get real! They’ll never give up that ‘fudge factor’ that gives them cover for their prevarication and continued wall street churn and earn bubble fraud. ] The biggest challenge to the nation’s economic recovery is Americans who have stopped looking for new jobs.

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!

Marc Faber On The Japanese Disaster, On A 20% Market Correction And On QE18 Marc Faber appeared earlier on CNBC in response to a plunging market, and gave his latest updated outlook on QE3… and 4, 5, 6, 7 and 8 (not to mention 18). Tyler Durden Zero Hedge March 15, 2011 ‘Marc Faber appeared earlier on CNBC in response to a plunging market, and gave his latest updated outlook on QE3… and 4, 5, 6, 7 and 8 (not to mention 18). “We may drop 10 to 15 percent. .. Faber was modestly constructive on the Japanese selloff, which at one point hit 18% down in overnight futures trading: “This huge selloff is an investment opportunity in Japanese equities, but if a meltdown occurs then all bets are off.” As usual, there is no love loss between Faber and the Chairsatan (recall that today’s Empire Manufacturing survey confirmed margins continue to be crushed due to surging input costs): “I think Mr. Bernanke doesn’t know much about the global economy but he probably watches the S&P every day.” And on Fed criticism: “”Until very recently the Feds have had very few critiques, very few people criticized the Fed’s policies under Mr. Greenspan and Mr. Bernanke. Over the last few months, a lot of critical comments have come up about the Fed and its money-printing habit. The S&P drops 20 percent (and) all the critics will be silent and they will all applaud new money-printing.” No fear of that here: Zero Hedge has been rather vocal in our opinion of the world’s most destructive central planning buro from day one. We will continue being so, regardless how low the S&P plummets… Perhaps even to its fair value south of 500.’

Poll: Support for Afghan war waning (Washington Post) [ Waning? When have these nation-bankrupting, perpetual war policies been other than ‘waning’, except among the zionists, neocons, war criminals, military industrial complex, war profiteers, etc.. It was opposition to these perpetual war policies that got ‘wobama the b’ (for b*** s***) elected, only to be revealed for the blatant liar / fraud that he truly is. ]

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. ]

Saudi troops intervene in Bahrain (Washington Post) [ This most assuredly is exactly that; viz., a ‘declaration of war’. And, as importantly, the militant / transgressor is hardly a righteous player but rather a self-interested, totalitarian, family plutocracy whose actions cannot be supported by any criteria heretofore promulgated precluding same. 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'`] Opposition calls move to shore up monarchy and quell protests a “declaration of war.”

Store shelves empty even outside disaster zone as panic buying grips Japan (Washington Post) [ I think the term ‘panic-buying’ with its connotation of ‘overreaction’ is a misnomer and misapplied to this unprecedented catastrophe. I further believe that the magnitude of the fallout, literally and figuratively, economically and otherwise, cannot be overstated in being far more dire in negatively impacting already dour global economic prospects. ] TOKYO - Canned goods, batteries, bread and bottled water have vanished from store shelves and long lines of cars circle gas stations, as Japan grapples with a new risk set off by last week's earthquake, tsunami and ensuing nuclear crisis: panic-buying.

Controversey Over Bonuses (Washington Post) : I think an appropriate bonus for anyone on capital hill is an all-expenses-paid trip to ………… JAIL! Fed meets as risks widen; policymakers aim to guard against inflation while fostering growth (Washington Post) [ Come on! Let’s not kid each other! The fed’s failed on both counts, continuing the policies of failure ushered in by the senile greenspun… 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! … 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 into the close and off the lows to keep investors suckered … 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 ( technically ‘insolvent’ but printing ever more worthless paper); 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. ] WASHINGTON - The Federal Reserve meets Tuesday at a time of widening economic risks: higher oil and food prices; unemployment near 9 percent; crises in the Middle East and Japan.

Operators struggle to stabilize nuclear plants Attempts to cool Fukushima Daiichi reactors have failed (Washington Post) [ ‘China Syndrome’ … now being third after China, economically speaking, is the least of Japan’s worries. While never really giving it much thought, though seemingly 20/20 hindsightish (it’s really not), I always assumed now admittedly unrealistically, that nuclear plants were built in nonearthquake-prone-zones. Clearly, that’s not the case in Japan and I all but wonder where else. ] Some 170,000 evacuated, 160 possibly exposed; other facility declares state of emergency.

Monday's Correction: Now That's a Black Swan Tradermark ‘The seemingly widespread issues with nuclear plants in Japan are certainly not something one typically has to deal with in the market. Generally you expect media to overplay things, so after the quake Friday, it has been a surprise to see the nuclear situation getting seemingly progressively worse as each day passes, so we definitely have this affecting sentiment. Japan fell over 6% overnight, and U.S. markets are at fresh lows as this mini 'black swan' overwhelms the normal Monday morning garbage. [chart] I said Friday it would actually be in the bears' interest for a rally to work off some of the oversold condition, and then we'd (in a normal market) see another leg back down. Certainly due to the news, we did not get more than a 1 day bounce - but this is how sell-offs usually occur. While still prone to news which can herk and jerk us around, this market definitely now seems to be in correction mode with the S&P 500 quickly fading back the 50 day. One could make bets against the index with the 50 day as your ceiling. Usually a real correction begins with everyone thankful there is a "buying opportunity" but ends when people feel actual consternation. Right now, almost everyone is just thankful they have a chance to get in, hence I'd think there is more downside ahead from a sentiment standpoint.’

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 into the close and off the lows to keep investors suckered … 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 ( technically ‘insolvent’ but printing ever more worthless paper); 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.]

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…’

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…’

The markets technically are at critical junctures right now. Stock prices are at the point of very possibly getting squeezed to an upside breakout as some have forecasted, and to a downside breakdown as some others, including me, have forecasted (not to mention what the market is showing currently). I don’t see fundamental, technical or sentiment information supporting higher stock prices right now; rather, technical fundamental analysis -- and even more importantly, sentiment indicators -- are showing that the market is heading lower before heading higher again.

I would also suggest that the major index support levels I’ve listed below may not hold either, with more downside from these levels longer-term. Below are more reasons to be at least cautious and/or short-selling right now.

March 14, 2011 Major Index Price Support Forecasts

DJIA – 11,839.93 to 11,485.37

S&P 500 – 1,227.95 to 1,156.06

Nasdaq – 2,557.06 to 2,382.12

Is the Bear Market Back? Reasons to be Cautious

Oil and Stock Prices

Oil prices fell on Thursday and Friday, as did stocks. Lower oil prices help global growth, and higher oil prices slow it down. Seems to me the oil market is saying if global growth slows down due to high oil prices (or any other number of economic problems), it won’t support oil prices at these levels for very long. In my opinion, I don’t think global growth can handle oil at prices above $100 plus for very long; if so, oil demand destruction will set in eventually, causing lower global growth, and eventually lower oil prices to match up with that growth. Deflation first, inflation later -- as I’ve always said.

Global Broad Market Sell-Off

The sell-off last week was a global broad market sell-off. The global markets have been on an uptrend for the last two years. From my perspective, it’s been a bear market rally from the October 8, 2007 market top to the March 2, 2009 low, especially in the U.S. and Europe. Asia and the other emerging markets are now almost in lockstep with the developed markets, showing that what affects the major countries of the world affects the rest of the emerging growing world too.

Even the higher growth rates of the emerging markets don’t necessarily mean higher stock prices in those markets. I’ve yet to see different markets decouple for a sustained period of time. They always seem to follow the broad global markets in the long term, no matter what their good and bad news is.

European Union Sovereign Debt Problems Still There

Europe financial skeletons in the closet are making noise again, with Moody’s (MCO) Spain debt downgrade and the entire ECB sovereign debt problems re-awakening with the recent news. It seems the financial markets forgot about this very serious debt issue unfolding, and it's not over with yet in Europe. I suggest the same is coming for the U.S. eventually as well. It’s going to take years to clean up the sovereign debt mess, with some of those countries possibly ending up in default.

China’s Surprise Jump in Trade Deficit

China’s increasing trade deficit is another worry for the global economy. China had an unexpected $7.3 billion trade deficit report last week. China continues trying to slow down its economic growth. A friend of mine in China who’s not a financial analyst says it’s only a matter of time before the China real estate market in the metro areas declines much more. China real estate prices and rent in China's cities are “crazy” in relation to earnings, he says, and if there is a China and/or global slowdown, he sees China real estate prices and rent heading much lower.

If this happens, it could put a big squeeze on the Chinese government, the Chinese banks that hold the debt, and the economy as a whole. Famous short-seller Jim Chanos might just get his wish of a bigger China selloff. I don’t like the idea of short-selling China myself, but I wouldn’t be buying just yet either.

2009-10 Stock Price Rebound: Too Far Too Fast

The rebound in stock prices over the last two years has been too far, too fast compared to the actual economic growth in the same time period -- which is still the same as it was three years ago. With the severe sell-off that the market saw during 2007-08, it’s normal to have a rebound back to test the sell-off breaks which are now major resistance levels. The market is at those major resistance levels now. Because of this, I see at least near-term downside pressure on stock prices, and longer-term price downside if the bigger picture long-term fundamental issues don’t get worked out fast enough to support sustainable long-term economic growth.

Priced for Perfection?

The markets are showing more high-risk low-reward conditions now from my technical analysis. The market is showing no margin of safety in case the bulls are fundamentally wrong, which I think they are. The U.S. market seems to be priced for perfection, with the bears in hiding after this two-year bull run in the markets. I remind all the bulls that buying into a breakout after an already extended bull run can easily end up in a fake-out break-out, trapping new long positions. I think professional money managers know this well, suggesting more selling is to come. Retail investors take note and use caution taking on any new "buy long" positions here.

Over-Valued Market Valuation Now?

Market over-valuation is here with the S&P500 dividend yield below 2%, and cyclically-adjusted earnings at 24 times compared to the 16 times historical average. I suggest looking at earnings estimate revisions from Zacks Investment research for the best individual stock opportunities in the markets right now. Most stocks follow the broad market, but a select few buck the broad market. Zacks Ranks Earnings Revisions can help you to select stock by stock picks.

Analysts' earnings estimate revisions can go up and down with the psychology of the time, so your due diligence is crucial at this time. With the market prices up these last two years, some analysts have been increasing their company earnings estimates. The reality is that earnings estimates and their revisions can skew the analysis of any company with a false sense of future price performance confidence. Buying in on positive earnings estimate revisions and or real earning report increases is not necessarily a guarantee of increasing stock prices, so be careful.

Amateurs Want To Be Right and Professionals Want To Make Money

The retail public has been buying more stock this last year, which is another possible sell indicator. History has shown in the past that the public gets in and out of stocks at the wrong times, buying near the tops and selling near the bottoms.

Here’s the difference between an amateur armchair retail investor trader and a professional one: Amateurs want to be proven right most of the time. They will take huge drawdowns in an attempt to prove themselves right on a stock buy. Once they’ve taken more drawdown than they can handle financially and mentally, usually 50% or more, they throw in the towel and admit defeat.

Professionals, on the other hand, understand losses are a part of the game, and have a system to deal with increasing losses. It’s called stop-loss. Depending on the stock, and its volatility, the stop-loss amount to admit defeat and save your investment trading account is 8% loss per stock from the purchase price, even if it’s a blue-chip. Stop-loss is a tool to effectively manage money in the markets. Professionals use stop-loss, and retail investors need to use it more if they want to save their accounts.

Record Insider Selling Lately

Insider selling during the fourth quarter 2010 hit multi-year highs. Since then, insider selling has stayed strong. Insider selling or buying is not a standalone surefire way of knowing where the price of a stock is going, but there’s no one who better knows about a company’s future earnings prospects than its board of directors. If they are selling, and especially selling in big blocks, you should be paying attention, and very possibly selling too. You can always buy back the stock at any time.

Fundamental and Technical Analysis? Review the Current Market Sentiment Even More

Notice that what I’m citing is not just all about fundamental or technical analysis, but also involves a very important aspect of the markets: Sentiment or market psychology.

Money managers are saying it’s all "bull bull bull" again. Well, of course. If they don’t, they might be out of a job if the redemptions empty the mutual fund they're managing. With everyone a bull again, that’s one indicator to possibly be ready to move to the other side -- and fast -- in case the market tips too heavily to one side for too long. When everyone is leaning to one side for a sustained period of time, it might be prudent and very profitable for you to start reviewing the option of moving to the other side before everyone else does.

If you are fortunate to see a reversal opportunity, and take a reversal position, and then the reversal moves in your direction, it can be exponentially profitable with the reward-risk ratio very large in your favor, meaning the stop-loss to the "take profit" areas of the trade are extremely favorable. Reward-risk ratios of 3:1-plus are great.

In a market like this right now, some of the reward-risk ratios to the short-sell side may be approaching 5:1 to 15:1. Remember, successful investing and trading is about knowing what price you’re entering at, your stop-loss price you will exit at (with a small loss in case the position goes against you), and your take profit target areas to book a profit. This is total trade entry and trade management to be successful long-term in investing and trading the markets.

Investing and trading without a system is a plan for failure. If you want to succeed in the markets long-term, learn and manage your investing trading systems on a regular consistent basis.’

Buying Power Wasted?: Dave's Daily ‘It's ~~probably~~ not a good time for humor. I just wonder what was behind the immediate bounce higher off the opening gap lower Tuesday. Certainly it wasn't from any shred of good news. Oh wait, oil prices dropped and many believe the Fed will print money forever while keeping interest rates low. Further, markets were sharply short-term oversold right from the opening bell. Okay, I get it now. Still, you must wonder if buying power was wasted. Rumors dominate markets. One asserts the Japanese will shutter markets for the week because of margin calls. EWJ (iShares Japan ETF) actually closed green today. Why? Perhaps if the markets closed some can work some arbitrage just as done when Egypt markets were closed. The outcome of the nuclear mess in Japan remains influx with more earthquakes and radiation spreading. We are also witnessing the collapse of western and U.S. diplomacy. Gaddafi is going to win. He was a terrorist but then became a friend of sorts. When the violence was at its peak, western powers told him to leave. He didn't and now he looks to win and we look stupid since, what do we do now? Send Hillary over to have a nice chat with him? Next, Saudi Arabia invades Bahrain and the U.S. was uninformed. What's up with that? There was some economic news from the Empire Manufacturing report which was positive only if you didn't look at the inflationary prices paid component. The Fed also weighed-in with their interest rate report which came in as expected. The dollar was slightly lower, while commodities overall were sharply lower as investors fled risk and moved to the sidelines or bonds. Suffice it to say, this is a tough market to navigate. Volume was the heaviest we've seen in a long time and opening trades may have been a wash-out but it's too early to say. Breadth per the WSJ was decidedly negative. ‘

Damage Assessment - How Low can Stocks Go? Maierhofer ‘Simon Maierhofer, On Tuesday March 15, 2011, 6:08 pm EDT

Before we talk about how bad things could get and the key support level that may make the difference between correction and meltdown, I'd like to say a word about the Japan and the media.

Some people are news junkies, I am a headline junkie. Scouring headlines provides a quick read on the nations sentiment. Whether headlines are a reflection of national mood, or shape the national mood, that is a subject for another day.

Thinking about what happened in Japan puts things in perspective for many of us. There is more to life than analyzing the market's every move. The media vividly portrays the damage and heartbreak of a ravaged country.

Let's remember that even when the media moves on to the next hot topic, there remain many victims that need our support. At one point the media will forget about Japan as it did about Haiti, Chile, and Indonesia, but that doesn't mean that the suffering has miraculously been wiped away. Our support is needed even more so once the media loses interest.

Damage Assessment

No doubt the events transpiring in Japan (NYSEArca: EWJ - News) have put stock markets around the world on a fast track to lower prices. Japan's Nikkei 225 futures have fallen from 10,900 a few weeks ago to as low as 8,400, a 23% drop.

The iShares MSCI EAFA Index ETF (NYSEArca: EFA - News), a barometer of developed markets around the world, had dropped from 62 to 55. The loss in the iShares MSCI Emerging Markets ETF (NYSEArca: EEM - News) has been contained to 10% or less.

Even U.S. investors spoiled by the Fed's loose monetary policy have come to find out that the major U.S. indexes a la Dow Jones (DJI: ^DJI), S&P (SNP: ^GSPC), and Nasdaq (Nasdaq: ^IXIC) can (and will) actually move in both directions.

Speeding up the Inevitable

Let's not forget that the U.S. stock market was in correction mode even before the earthquake hit Japan. On Thursday, March 10, the S&P closed at 1,295. On Friday, March 11, the first post-earthquake trading day, the S&P actually was up and closed at 1,304. The events in Japan may have accelerated the stock sell off, but they weren't the only cause. There were a number of subtle (by Wall Street standards) but obvious (by contrarian standards) red flags in the middle of February.

On February 8 with the S&P at 1,325, the ETF Profit Strategy Newsletter examined the environment of exuberant bullishness. The medias conclusion (see headlines below) was so obvious: Higher prices ahead:

Reuters: Fed more Confident in Recovery

AP: Investors Return to US Stock Funds in January

CNBC: S&P will Rise 60% by 2013

Kiplinger: 10 Signs the Economy is on the Upswing

The ETF Profit Strategy Newsletter offered this advice and recommended short ETFs: 'How often in the past have we seen the old adage if it's too obvious, it's obviously wrong' have the last laugh? Now is not the time to be complacent, it's the time to evaluate shorting strategies and other defensive measures.'

How Bad Can it Get?

There've been a number of major earthquakes in the past decade. Following the December 26, 2004 earthquake off the coast of Sumatra, the U.S. stock market declined about 4%.

The January 12, 2010 earthquake in Haiti did not immediately affect the stock market. However, starting on January 19, U.S. stocks declined about 10%.

Even though the death toll of both earthquakes was larger than in Japan, the economic impact of the Japan quake outweighs anything previously recorded.

In terms of economic impact, hurricane Katrina might be the closest comparison there is. Hurricane Katrina struck Louisiana on August 29 and cased an estimated $81 billion in property damage.

Stocks rallied the ten trading days following August 29, declined about 5% thereafter and continued their run to the 2007 all-time highs.

Admittedly, based on a small sample, natural catastrophes are not necessarily bearish for U.S. stocks.

Technical Damage Assessment

The risk in U.S. stocks comes from bullish sentiment extremes, valuations, and a decoupling between facts and reality. In addition, there is a giant bearish head and shoulders pattern (ideal upside target not quite met yet) and a trend line that has contained the Dow Jones for most of the past 80 years.

On February 18, the ETF Profit Strategy Newsletter identified this trend line (at the time running through Dow 12,400) as major resistance. The Dow came within 9 points before reversing sharply.

In terms of technical analysis, S&P 1,275 is important support/resistance. As of Tuesday mornings stocks have recovered some of their overnight losses and are once again above 1,275. The 50-day moving average is at 1,302. It remains to be seen whether stocks have enough strength to rally that far.

Thus far key structural support below 1,275 has been maintained and the potential for higher prices has not yet been eliminated. However, the reaction to Japan's woes (remember how the market shrugged of European financial defaults and Middle East unrest) might indicate a larger change of trend…’

U.S. Stocks in Red, Though Markets Cut Early Losses Amid Fed Optimism Midnight Trader ‘4:18 PM, Mar 15, 2011 --

NYSE down 101.82 (-1.2%) to 8,092.14
DJIA down 137.74 (-1.2%) to 11,855
S&P 500 down 14.52 (-1.1%) to 1,282
Nasdaq down 33.64 (-1.3%) to 2,667

GLOBAL SENTIMENT

Hang Seng down 2.86%
Nikkei down 10.55%
Shanghai Composite down 1.4%
FTSE down 1.35%

DOWNSIDE MOVERS
(-) XOM followed broader market lower; upgraded at Goldman Sachs amid several energy sector analyst moves.
(-) GE defending nuclear design.
(-) NOK down as Samsung reportedly trying to poach Symbian engineers, while Nokia Siemens looks to restructure deal.
(-) URRE among several uranium stocks tumbling.
(-) INTC downgraded.
(-) NVDA downgraded.
(-) CRZO misses with preliminary results.

UPSIDE MOVERS
(+) WSM reports profit rise and hikes dividend.
(+) YGE, STP, FSLR, APWR, JASO all gain as alternative energy shares among rare gainers as future of nuclear power cloudy.
(+) CLBI continues sharp Monday upside on prospects for radiation treatment.

MARKET DIRECTION

U.S. stock averages finish lower, part of a global equity sell off that comes amid much uncertainty for the post-quake nuclear situation in Japan. Still, U.S. stocks wrapped trading well off the day's lows, lifted in part by positive investor reaction to the latest Federal Reserve meeting statement. Crude futures closed down 4% at $97.18 a barrel.

Weakness was widespread around the sectors, with insurers leading financials lower. Tech and industrials are mostly lower. Alternative energy stocks are gainers.

Japanese Prime Minister Naoto Kan warned of a "substantial" radiation leak as the effects of last Friday's earthquake and tsunami grew grimmer. A new blast and fire rocked a nuclear plant where workers were already trying to avert meltdowns in three reactors.

Japan's Nikkei fell over 11%, its worst drop since 2008's financial crisis. The rest of Asia slumped. European and Canadian shares fell.

But the Fed took some of the attention off Japan in afternoon trading. The U.S. central bank's Federal Open Market Committee said any rise in commodities-linked inflation would be "transitory." The Fed said it would "pay close attention to the evolution of inflation and inflation expectations."

The Fed was more upbeat about the economic outlook, saying the economy was on firmer footing and conditions in the labor market "appear to be improving gradually."

The FOMC kept the key lending rate in a range between zero and 0.25%, where it has stood since December 2008. The central bank also made no changes to its $600 billion program of Treasury purchases. The Fed statement made no mention of the crisis in Japan.

In the economic data earlier in the day, the Empire State index rose to 17.5 in March from 15.4 in February. This is the fourth straight increase and the highest level of the index since last June. The gain was a bit less than expected. Also reported, U.S. February import prices jumped 1.4%, driven largely by a 3.7% rise in fuel.

In company news:

Texas Instruments (TXN) disclosed yesterday that after a preliminary assessment, its manufacturing site in Miho, Japan, about 40 miles northwest of Tokyo, suffered substantial damage during last Friday's 9.0 magnitude earthquake.

ADRs of Swiss pharma giant Novartis (NVS) are down even as the company said an experimental drug for the treatment of myelofibrosis, a rare form of blood cancer, met the goals of a late-stage study, which should pave the way to file the drug for regulatory approval in the second quarter.

Former Walt Disney Co. (DIS) CEO Michael Eisner joined the board of IAC/InteractiveCrop (IACI), the Internet company that is controlled by Barry Diller, The Wall Street Journal reports. Diller had originally hired Eisner at Disney, the report noted. Eisner served as the CEO of Disney for about 20 years.

General Electric Co. (GE) is defending the design of the now-stricken reactor it supplied to Japan 40 years ago, saying its containment system is safe and reliable, The Wall Street Journal and other news outlets report.

Capital One Financial Corp. (COF) said charge-offs fell across the board in February as delinquencies were mostly reduced. U.S. charge-offs - loans banks don't think they will be able to collect - declined for the third straight month. The metric had fluctuated in the latter part of 2010 after mostly dropping early last year.

Net charge-offs in February fell to 5.91% from 6.79% a month earlier at Capital One's U.S. card business and declined to 5.42% from 5.72% internationally, according to a filing with the Securities and Exchange Commission. Auto-finance charge-offs dropped to 1.97% from 2.62%.

Bank of America (BAC) cut 100 jobs from its consumer and small-business banking units, The Wall Street Journal reports. The bank also intends to shutter 10% of its branches over the next few years. Bank of America shares are down 2.6%, or $0.37, to $13.86.

Hewlett-Packard (HPQ) Chief Executive Leo Apotheker is planning to push deeper into software and the growing market for cloud computing, Bloomberg reports. At an event in San Francisco, Apotheker said that the company is starting a cloud computing service that allows developers to create applications, the report said.

SunPower (SPWRA) says Japanese suppliers have indicated that, while certain operations are currently disrupted due to infrastructure issues, they have not sustained major damage to facilities.

In earnings news:

-DSW (DSW) reports Q4 EPS of $0.41, up from $0.30 a year ago but below the Street view of $0.44 per share. Sales were $468.5 mln, up from $402.6 mln last year, and ahead of the Street view of $445 mln. For 2011, the company is forecasting EPS in the range of $2.60 to $2.75 per share. The Street is at $2.70 per share.

-China Sky One Medical (CSKI) says Q4 sales fell 10.2% to $26.8 million from a year ago. Non-GAAP EPS fell to $0.21 from $0.47 a year ago. The company said results were in line with its expectations.

-Williams-Sonoma (WSM) reports Q4 revenue of $1.195 bln, ahead of the analyst consensus of $1.186 bln on Thomson Reuters. EPS was $1.08, vs. expectations of $0.98 per share. For Q1, the company is guiding for revenue in the range of $745 to $765 mln, vs. Street estimates of $749 mln.’

The Unbearable Lightness Of TARP Reporting The Daily Bail | Credit markets were NOT “frozen” during the crisis.

Stocks nosedive on panic selling over nuke crisis JapanToday | Tokyo stocks tumbled further Tuesday, with the Nikkei index shedding more than 14 percent at one point on panic selling.

The Rule of Gold After The Financial Collapse Activist Post | In a secular world, the operative “Golden Rule” is “He Who Has the Gold Makes the Rules”.

World Stocks, Oil Slump on Japan Nuclear Fears World stocks hit 2-1/2 month lows on Tuesday and oil fell and the yen surged after reports of rising radiation near Tokyo triggered a 10 percent fall in Japanese stocks, hurting risky assets across the board.

Japan’s Nikkei plunges 11 percent on radiation fears, sending global markets into a tailspin Japan’s stock market nose-dived nearly 11 percent, leading world markets sharply lower on Tuesday, as an escalating nuclear crisis threatened to compound the devastation from last week’s earthquake and tsunami.

14 Reasons Why The Economic Collapse Of Japan Has Begun The economic collapse of Japan has begun. The extent of the devastation is now becoming clear and many are now projecting that this will be the most expensive natural disaster in modern human history.

ECONOMIC CRISIS ARCHIVE

(3-15-11) Dow 11,855 -138 Nasdaq 2,667 -34 S&P 500 1,282 -15 [CLOSE- OIL $97.45 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.57 (reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $3.93 MID-GRADE/ $4.05 PREM./ $4.13 DIESEL) / GOLD $1,396 (+24% for year 2009) / SILVER $34.03 (+47% for year 2009) PLATINUM $1,687 (+56% for year 2009) Metal News for the Day / DOLLAR= .72 EURO, 81 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ http://www.federalreserve.gov/releases/h15/update 10 YR NOTE YIELD 3.33% …..… 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

Alert: Fukushima Coverup, 40 Years of Spent Nuclear Rods Blown Sky High Paul Joseph Watson and Kurt Nimmo | More than 600,000 spent fuel rods on site, ready to burn and enter the atmosphere.

Alarm Over Spent Fuel Rods Threatens “Chernobyl on Steroids” Perhaps the most underreported and deadliest aspect of the three explosions and numerous fires to hit the stricken Fukushima nuclear reactor since Saturday is the fact that highly radioactive spent fuel rods which are stored outside of the active nuclear rod containment facility are likely to have been massively compromised by the blasts, an elevation in the crisis that would represent “Chernobyl on steroids,” according to nuclear engineer Arnie Gundersen.

Japanese PM Attempts to Calm Nation as Massive Radiation Spreads Tokyo Electric Power Company, in collusion with the Japanese government, is deliberately misinforming and thus endangering the people of Japan, the surrounding region, and eventually the United States and other countries that may be downwind from the Fukushima Daiichi nuclear plant.

New Fire Hits Number 4 Reactor At Fukushima AFP is reporting a new fire at the number four reactor at the Fukushima Daiichi nuclear plant. Flames are rising from the reactor, AP reports.

U.S. Government Blocking Americans From Obtaining Potassium Iodide? U.S. health authorities could be blocking Americans from obtaining the radiation-fighting drug potassium iodide, even as the threat of a radioactive cloud from the stricken Fukushima nuclear plant affecting the United States prompts panic buying, which has led to stocks of the drug running out across the country.

Panic Buying: Stocks Of Potassium Iodide Exhausted In U.S. We are getting numerous reports from readers that stocks of potassium iodide, which is used to protect the body against the effects of nuclear fallout, are completely sold out across the United States. Checks of health supplement websites in the U.S. also confirmed that stocks are completely exhausted.

Mass Evacuations Begin From North East Of Japan, Tokyo As the scale of the nuclear disaster unfolding at the stricken Fukushima’s nuclear plant begins to be finally realised, despite the Japanese government’s continued underplaying of the situation, mass evacuations are are underway with people fleeing Tokyo and North Eastern areas of the country in order to avoid a toxic cloud of radiation heading their way.

Radioactive Winds Head Towards Tokyo As Some Flee Capital With Japanese authorities confirming that the third blast at Fukushima’s stricken nuclear plant caused radioactive particles to be released directly into the atmosphere, localized winds are blowing the radiation towards Tokyo, causing many to flee the capital, but the longer term trajectory of upper atmosphere prevailing winds will still send any potential radiation cloud towards the U.S. west coast.

U.S. Government Blocking Americans From Obtaining Potassium Iodide? Paul Watson | U.S. health authorities could be blocking Americans from obtaining potassium iodide.

Radio France Pulls Staff From Japan Over Radiation Fears Radio France decided Tuesday to pull out staff dispatched to cover the major earthquake in Japan, following a series of accidents at a Japanese nuclear power plant, a public relations official told Kyodo News.

Airlines start cancelling flights to Tokyo Lufthansa, Europe’s biggest airline group by revenues, has cancelled flights to Tokyo’s main international airport of Narita as Japan’s nuclear crisis deepens.

U.S. Navy: Low-level radiation detected at some Tokyo-area bases The Navy said very low levels of airborne radiation were detected Tuesday morning at greater Tokyo-area bases in Yokosuka and Atsugi, prompting commanders to direct base residents to remain indoors as a precaution.

Qaddafi Retaking Libya Tony Cartalucci | It appears Colonel Qaddafi has begun retaking Libya from globalist-backed rebels.

Panic Buying: Stocks Of Potassium Iodide Exhausted In U.S. Paul Joseph Watson | Health websites sold out, readers struggle to find radiation-fighting pills anywhere.

Japan braces for potential radiation catastrophe Reuters | Spent nuclear fuel was exposed to the atmosphere.

Violent Protests Across Yemen, 3 Soldiers Dead Reuters | Scattered clashes broke out across Yemen on Monday.

Fuel rod fire at Fukushima reactor “would be like Chernobyl on steroids” Kirk James Murphy | Chernobyl’s contamination settled upon people and nations thousands of miles from that reactor’s location.

Drudgereport: BAIL: NUKE WORKERS ABANDON PLANT
Radiation spews into sky -- again...
KYODO: CRISIS HAS 'WORSENED CONSIDERABLY'...
Wind to blow toward Pacific Ocean, America...
U.S. Surgeon General: Get iodide...
AP... BBC... KYODO... REUTERS...

Sudden run on pills...
GOVERNMENTS CALL FEARS UNWARRANTED... Reactor Design Caused GE Scientist To Quit In Protest...
Design in dispute for decades...

FUEL RODS DAMAGED 70 PERCENT...
Roof Cracked After Last Explosion...
Two workers still missing...
SPENT NUKE FUEL POOL MAY BE BOILING...
Helicopters no longer option to cool reactors...

Nuclear blizzard...
Food panic...
Thousands missing, millions short of water – and fear everywhere...
MILLIONS SUFFER FREEZING TEMPS WITHOUT POWER...
Confusion, chaos spreading... WHITE POWDER DISCOVERED AT KENNEDY SPACE CENTER TESTS POSITIVE FOR COCAINE...

AL FRANKEN WARNS: 'THEY'RE COMING AFTER THE INTERNET' … This should be taken very seriously since they know that truth is their worst enemy in light of their nefarious, nation-destroying activities for greed and worse ...

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

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’

US Stocks - Is Japan Speeding up the Inevitable? Maierhofer, ‘Japan's Nikkei 225 is down 16% since its February 16 secondary high. Reuters reports that 'Wall Street Dives on Impact of Japan Disaster.' However, Japan's stock market (NYSEArca: EWJ - News) topped before the earthquake, as did the major U.S. Indexes.Is the Japan shock merely speeding up the inevitable or could the bad news actually be part of a bullish 'wall of worry?'Featured below is an article from February 11. At the time the S&P was trading at 1,330. Even though a few weeks old it provides information investors can use to gauge the current down side risk. Updated support levels are provided at the end:
February 11, 2011:If it's too obvious, it's obviously wrong. More often than not, this proverbial Wall Street adage has the last laugh. What's the prevailing consent on Wall Street? What's suspiciously obvious today?

- The Fed is here to help. As long as there's QE2 (or QE3, 4, etc,) prices will go up.

- January was positive. As January goes, so goes the year.

- This is the third year of the Presidential Election Year Cycle. There hasn't been a negative third year since 1939.

- There's no catalyst to send stocks higher.

While Wall Street analysts are trying to one up each other's positive forecasts, the Fear Index, VIX has fallen to a 3 year low. The last time the VIX was at a similar level was in April 2010, just before a literally fear-inspiring 17% correction and the May 'Flash Crash' (see chart below).The ETF Profit Strategy Newsletter didn't subscribe to the prevailing optimism in April 2010 and warned that: 'The message conveyed by the composite bullishness is unmistakably bearish. The pieces are in place for a major decline.'Does that mean that the bottom will fall out again within a matter of days? Not necessarily, but now is certainly not the time to be married to your holdings. Tight sell stops are warranted because any minor correction could turn into a large one. Why?

New Bull Market, or Mother of all Bear Market Rallies?

The devil's in the long-term trend. If we are in a new bull market, any dip would present a buying opportunity. If we are in the mother of all bear market rallies, every rally is a trap and represents a selling opportunity.How can one determine whether we are in a new bull market, or a bear market rally? [chart]It's said that bull markets climb a wall of worry. No doubt there was extreme pessimism surrounding the March 2009 lows. That's one of the reasons the ETF Profit Strategy Newsletter sent out a strong buy signal on March 2, 2009.But pessimism at the bottom doesn't equal a wall of worry. In fact, following the initial bout of disbelief, investors embraced the rally rather quickly. In late 2009, sentiment readings became frothy, in January 2010 they rivaled 2007 extremes (stocks fell 9%), and in April 2010 they exceeded 2007 extremes (stocks fell 17%).About two thirds of the rally from the 2009 lows was accompanied by optimism. This is no wall of worry.

Glass Half Full Outlook

Think about it, even the truly big problems - unemployment and falling real estate prices - were sugar coated from the very beginning. The unemployment problem was charmingly called 'jobless recovery' and falling real estate prices were simply ignored.The Case-Shiller home price index is down four months in a row, but nobody is bothered. A few days ago, MarketWatch ran an article: '10 reasons to be bullish on housing.'Courtesy of the continuing real estate conundrum, the FDIC closed 157 banks in 2010, and 14 thus far in 2011. According to a Wall Street Journal article, the top 10 U.S. owned banks had $13.8 billion in unrealized losses.Those are not reflected in earnings numbers as long as financial institutions (NYSEArca: XLF - News) believe the investment will later rebound. Guess what? Banks are pretty darn sure prices will reclaim their 2006 all-time highs.In addition to the $13.8 billion in unrealized losses, the top 10 U.S. banks owned $360.7 billion in illiquid, hard to value assets (called level 3 assets). While paper earnings appear solid, it appears as if banks are hiding skeletons in their closets. But who cares, stocks (NYSEArca: VTI - News) are up.

Anomaly Explained

Ben Bernanke has openly admitted that asset inflation, or the wealth effect from rising stock prices, is the objective of QE2. Obviously, the money flow from the Federal Reserve over banks into the stock market has been the driving force behind this monster rally.Much of the Fed money has been funneled into commodities. Since QE2, net speculative positions in wheat and copper have doubled, oil soared 115%, soybeans 40% and corn 15%. Rising commodity prices (NYSEArca: DBC - News) are putting the squeeze on lower income Americans and will eventually lower profit margins for the materials sector (NYSEArca: XLB - News).It's quite likely that this ripple effect will spill over into the retail (NYSEArca: XRT - News), technology (NYSEArca: XLK - News), and consumer discretionary sector (NYSEArca: XLY - News). From there it's just a matter of time until it hits the broader Dow (DJI: ^DJI), S&P (SNP: ^GSPC) and Nasdaq (Nasdaq: ^IXIC).Contrary to its objective, QE2 has also sent interest rates soaring. Higher interest rates tend to encourage the money to flow from equities into bonds. Higher interest rates put pressure on bond and stock prices alike...’

Stocks Rattled by One-Two Punch: Dave's Daily ‘Everything was going along just fine for markets even absorbing Tunisia and Egypt well. But then the contagion continued to Libya, Bahrain, Yemen, Kuwait and so forth. This pushed energy prices higher. Further, even though these MENA [Middle East and North Africa] events may ease, you can rest assured they'll resurface and overhang markets for awhile. The next punch was delivered by Japan's earthquake, tsunami and nuclear reactor issues. Japan, being the world's third largest economy, may be in trouble for some unknown period. There will be massive infrastructure spending down the road (emphasis added) which should provide strong demand for building materials (lumber, base metals and so forth). For now, the economy will get a heavy dose of cash from Japan's central bank and this will require enormous debt sales driving yields higher theoretically. Since Japan is a large exporter of stuff to the world, prices for finished products may rise causing more inflation. Commodity prices remained mixed with softs and base metals weak while energy, gold and rice were higher overall. Bonds rallied while the dollar fell. The Fed is busy is POMO activities oblivious to external conditions. Here's their schedule for March and April. Stocks were sold with some late day buying lifting major averages off their lows. Volume continues to rise on selling but with an afternoon "stick save" much of this was positive. Breadth per the WSJ was once again negative.’

Investment Implications of a Nuclear Meltdown in Japan Ciovacco ‘The concerns continue to mount after Japan’s devastating earthquake and subsequent tsunami, which may further heighten recent anxiety in the financial markets (DIA). An explosion near the No. 1 reactor at the Fukushima Dai-Ichi nuclear power station has industry experts talking about the possibility of a meltdown.

According to Bloomberg:

If the fuel rods are melting and this continues, a reactor meltdown is possible,” Kakizaki said. A meltdown refers to a heat buildup in the core of such intensity it melts the floor of the reactor containment housing. “If they cannot get the nuclear reactor back under control during the day, this may end up being the biggest problem of all,” said Ken Courtis, former vice chairman of Goldman Sachs Group Inc. in Asia. “A meltdown, which would cause massive immediate damage, would also set the nuclear industry back decades. This would have vast implications for the global energy equation and perforce the world economy.

Japanese Chief Cabinet Secretary Yukio Edano said at a press conference that the blast didn’t damage the reactor container, only the structure outside it, and that there was no major radiation leakage with the explosion. The nuclear reactors are about 150 miles north of Tokyo. New reports in Japan have indicated the radioactivity at the site was rising to 20 times normal levels. [chart]

We would expect the nuclear energy ETF (NLR) to struggle next week. From an investment perspective, we would avoid NLR in the short-term due to the uncertainties in Japan. If we owned NLR (we do not), we would consider selling some of the position with a close below 24.74, and cutting back even further with a close below 23.18.

“If the water level remains at this level, the reactor core might be damaged, but we are now pouring water into the reactor to prevent it from happening,” Dow Jones Newswires quoted a Tepco spokesman as saying.

According to Wikipedia, a nuclear meltdown:

Occurs when a severe failure of a nuclear power plant system prevents proper cooling of the reactor core, to the extent that the nuclear fuel assemblies overheat and melt. A meltdown is considered very serious because of the potential that radioactive materials could be released into the environment. A core meltdown will also render the reactor unusable until and unless it is repaired.
Within the former Soviet Union several nuclear meltdowns of differing severity have occurred. In the most serious example, the Chernobyl disaster, design flaws and operator negligence led to a power excursion that subsequently caused a meltdown.
A core damage accident is caused by the loss of sufficient cooling for the nuclear fuel within the reactor core. The reason may be one of several factors, including a loss of pressure control accident, a loss of coolant accident (LOCA), an uncontrolled power excursion, or in some types, a fire within the reactor core…’

EU leaders reach deal on debt crisis London Telegraph | European leaders reached agreement early this morning.

‘Anonymous’ to Release Docs Proving Bank of America Fraud Zero Hedge | Hacker collective to leak proof that Assange previously threatened to release.

Are the prophets of doom right? The American Dream | Major Middle East war? Oil at $200/barrel? Gold at $2000?

Foreclosure activity declines as lenders review legal procedures North Jersey | Did foreclosures drop 27% because banks being blamed for robo-signing scandal?

Insured losses from Japan quake could hit $35 billion Reuters | Last week’s earthquake in Japan could lead to insured losses of nearly $35 billion.

EU leaders reach deal on debt crisis London Telegraph | European leaders reached agreement early this morning.

Japan and Otherwise: World Markets Decline

Hacker Group Anonymous Brings Peaceful Revolution To America: Will Engage In Civil Disobedience Until Bernanke Steps Down The goal – engage in “a relentless campaign of non-violent, peaceful, civil disobedience” until Ben Bernanke steps down.

Hacker Collective Anonymous To Release Documents Proving Bank Of America Committed Fraud This Monday After Julian Assange crashed and burned in his threat to release documents that expose fraud at Bank of America, many thought he had been only bluffing, and that BofA is actually clean. Not so fast. The Rule of Gold After The Financial Collapse Activist Post | In a secular world, the operative “Golden Rule” is “He Who Has the Gold Makes the Rules”.

Nikkei Plunges As Quake Sparks Sell-Off Nikkei | Tokyo stocks plunged Monday, with investors selling to avert financial risks over the devastating earthquake.

Has The Tsunami In Japan Destroyed The Japanese Economy? So what is this disaster going to do to the 3rd largest economy in the world? Japan already had a national debt that was well over 200 percent of GDP. Could this be the “tipping point” that pushes the Japanese economy over the edge and into oblivion?

Will The Japanese Earthquake Be The Straw That Breaks Europe’s Back? 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?

Update: Make That 15 Trillion; BOJ Raises Liquidity Injection To JPY12 Trillion ($146 Billion) Total reactionary panic everywhere now as the BOJ hikes the liquidity injection from 2 to 7 to 12 trillion yen.

The Fed Fails to Create the Stability it Dreams Of Wall Street at least temporarily relieved of the burden of having to buy Treasuries & Agency bonds, is looking at the jump in oil prices as nothing more than an irritant to their plans for a higher market. Bill Dudley of the NY Fed, a most powerful member, continues to make a vigorous defense of Federal Reserve policies.

Tokyo stocks drop 5% in first opening since quake Tokyo shares fell 5.2 percent on Monday in their first opening since Friday, when Japan was struck by the biggest earthquake in its history and a devastating tsunami.

Store shelves empty in Tokyo as uncertainty reigns Commuters and residents of the Japanese capital faced confusion and uncertainty on Monday over the supply of food and energy after Friday’s devastating quake and tsunami which crippled a nuclear power plant.

The Rule of Gold After The Financial Collapse Activist Post | In a secular world, the operative “Golden Rule” is “He Who Has the Gold Makes the Rules”.

Nikkei Plunges As Quake Sparks Sell-Off Nikkei | Tokyo stocks plunged Monday, with investors selling to avert financial risks over the devastating earthquake.

ECONOMIC CRISIS ARCHIVE

Japan Worries Keep Stocks in the Red Midnight Trader ‘ 4:15 PM, Mar 14, 2011 --

DJIA down 51.24 (-0.43%) to 11,993.16
S&P 500 down 7.89 (-0.60%) to 1,296.39
Nasdaq down 14.64 (-0.54%) to 2,700.97

GLOBAL SENTIMENT

Hang Seng up 0.41%
Nikkei down 6.2%
FTSE down 1%

National / World

10K dead in Japan amid fears of nuclear meltdowns (AP) AP - The estimated death toll from Japan's disasters climbed past 10,000 Sunday as authorities raced to combat the threat of multiple nuclear reactor meltdowns and hundreds of thousands of people struggled to find food and water. The prime minister said it was the nation's worst crisis since World War II.

Third Reactor Explodes, Full Scale Nuclear Catastrophe Imminent Kurt Nimmo | Effort to cool reactor with seawater a failure.

Experts fear 3rd reactor explosion Aaron Dykes | A third explosion at the Fukushima plant may be imminent.

CIA Sends USAID to Japan to Manage Nuclear Disinfo Campaign Kurt Nimmo | Cover-up of the extent and severity of Japan’s multiple nuclear meltdowns is now underway.

Cover Up Of Fukushima Chain Reaction Underway Paul Joseph Watson & Steve Watson | True scale of nuclear crisis suppressed by Japanese authorities, aided by castrated and slavish mass media.

Tracking Page: Japan’s Nuclear Meltdown, Aftershocks & Fallout Infowars | Following Japan’s nuclear plant emergency with the latest updates.

Tokyo nuke cloud crisis The Sun | Japan teeters on brink of nuclear catastrophe amid fears a radioactive cloud could envelop Tokyo’s 13 million residents.

Evacuation zone widening; 300,000 homeless crowd shelters Daily Mail | Fears of second explosion at quake-hit N-plant as exclusion zone stretches to 13 miles.

Radiation From Fukushima Would Take 7 Days To Reach U.S. Radioactive particles from the stricken Fukushima nuclear facility would take around a week to reach Alaska and eleven days to reach Los Angeles, according to an Accuweather.com analysis, which highlights the fact that prevailing winds over the region would send any potential fallout from the crisis-hit plant drifting towards west coast cities in the United States.

Nuclear Expert: Radiation Could Spread To US West Coast Nuclear expert Joe Cirincione warns that radiation from Japan’s multiple potential nuclear meltdowns could spread to the US west coast and that the threat represents an “unprecedented crisis,” as another explosion rocked the Fukushima complex and officials admitted that nuclear fuel rods at reactor number two have been fully exposed.

Japan’s nightmare gets even WORSE: All THREE damaged nuclear reactors now in ‘meltdown’ at tsunami-hit power station The Japanese nuclear reactor hit by the tsunami went into ‘meltdown’ today, as officials admitted that fuel rods appear to be melting inside three damaged reactors.

Japanese death toll to far exceed 10,000 The death toll from the Japanese earthquake and tsunami is expected to exceed 10,000 as local and international rescue teams search through the ruins of north-eastern coastal cities for survivors of last Friday’s disaster.

TIME: Everything’s Tracked- Get Over It Aaron Dykes | In an astounding cover story,’ TIME tells readers to “get over” ubiquitous tracking.

Nuclear Plant Designer Says Japanese Government Suppressing Scale Of Crisis BBC News | A former nuclear plant designer has said Japan is suppressing vital info on the grave crisis. A former nuclear power plant designer has said Japan is facing an extremely grave crisis and called on the government to release more information, which he said was being suppressed. Masashi Goto told a news conference in Tokyo that one of the reactors at the Fukushima-Daiichi plant was “highly unstable”, and that if there was a meltdown the “consequences would be tremendous”.

Volcano in southern Japan erupts LA Times | A volcano in southern Japan began spewing ash even as the country struggled to recover from the catastrophic earthquake and tsunami.

U.S. West Coast in Path of Fallout Washington’s Blog | California is closely monitoring efforts to contain leaks from a quake-damaged Japanese nuclear plant.

Japan Fears Second Reactor Blast There is a risk of a second explosion at the quake-hit Fukushima power station, Japanese officials have said. However, chief cabinet secretary Yukio Edano said the facility could withstand the impact and the nuclear reactor itself would not be damaged.

U.S. West Coast in Path of Fallout “At present there is no danger to California. However we are monitoring the situation closely in conjunction with our federal partners,” Michael Sicilia, spokesman for California Department of Public Health, told AFP.

Radiation Increases as Cooling Systems Fail at Fukushima Plant in Japan Japanese officials battling to prevent a potential meltdown at a nuclear power station said an explosion was possible at a second reactor building after the plant’s cooling system failed.

Cooling at Sixth Reactor Fails Tokyo Electric Power Co. said Sunday another reactor of its quake-hit Fukushima nuclear power plants had lost its cooling functions, while at least 15 people at a nearby hospital were found to have been exposed to radioactivity.

Featured Stories archive

Japanese Nuclear Meltdown Confirmed Infowars.com | As we accurately reported, the explosion at the Fukushima nuclear plant was the result of a nuclear meltdown of the reactor core.

Media Coverup of Massive Chernobyl Event Underway in Japan Kurt Nimmo | Media in Japan is not reporting this fact in order to prevent mass hysteria.

Piers Corbyn: Massive Japan Earthquake & Tsunami Were Triggered by Solar Action The Alex Jones Channel | Meteorologist and astrophysicist Piers Corbyn, talks with Alex about the Japanese tsunami.

US Contracting Tech Firms for Revolutions Tony Cartalucci | US shamelessly admitting to funding Middle East revolutions

Obama Laments He’s Not President Of Communist China [ Time to relieve wobama the b’ (for b* s*) of his burden by impeaching / removing him from office without delay! He may not have been the first black president (Clinton is generally considered the first black president by blacks and whites alike, a moniker Clinton accepted and wore proudly – that 18% vote), but he is certainly the last! Drudgereport: `City Lowers Police Testing Standards Because Not Enough Blacks Passed...` `Under pressure from Obama administration... Illinois mayor says Obama still owes city $55,457... Obama to party with Washington reporters...` `Golf in the afternoon...` ] Weekly Standard | “Mr. Obama has told people that it would be so much easier to be the president of China.”

Drudgereport: SIXTH NUKE REACTOR FAILSMELTDOWN ALERT...
Firefighters battle blaze at reactor...
Rods fully exposed for 2.5 hours...
Higher radiation recorded north of Tokyo...
RACE TO SAVE THE REACTORS...
Japan Asks USA To Help...
WRAP...
BBC LIVE... REUTERS LIVE... KYODO WIRE...
QUAKE MAPS, DETAILS...
FLASH: Nikkei Stock Market Falls Another 6%...
PM Kan asks public to act calmly... Confusion from deadly quake spreading...
Emergency Cooling Effort at Reactor Failing...
'UNSTABLE'...
Crisis 'Uncharted Territory'...

Up to 160 exposed to radiation... Japan battles nuclear meltdown...
Biggest Crisis Since WWII...
Races to avert multiple reactor failures...
Injecting seawater at Fukushima...
Another hydrogen explosion possible...
Evacuation zones widened -- again...
NUKE DESIGNER: Gov't suppressing info...
BBC LIVE... REUTERS LIVE... KYODO WIRE...
QUAKE MAPS, DETAILS...
USA West Coast in Path of 'Fallout'?

190 EXPOSED TO RADIATION IN MELTDOWN OF REACTOR NO. 1...
Thousands scanned...
200,000 Evacuated...
US EXPERTS: Pumping seawater into reactors 'act of desperation'... 'May foreshadow Chernobyl-like disaster'... GE-designed reactors in Fukushima have 23 sisters in USA...IS THE WORST STILL TO COME?
THOUSANDS SCANNED...
140,000 Evacuated...
ADMIT: Officials say radiation levels rise above limit... Third explosion raises spectre of nuclear nightmare...
USA West Coast in Path of 'Fallout'?
Winds Should Send Radiation Out to Sea...
Run on iodine tablets -- in Finland...
German airline scans Japan flights for radioactivity...
17 U.S. Navy crew members contaminated...
HOPE: Pumping seawater into hot, leaking reactor...
'We're told not to breathe the air -- it's scary'...
GOV'T: Releasing radioactive steam from another reactor...

SAFETY BOARD: Meltdown occurred...
Core of Fuku 1 partially melted; race on to cool...
Japanese officials: 'Nuclear catastrophe averted'...
Say steel container housing reactor undamaged...
Japan to IAEA: Report radiation levels dropping...

REPORT: Nearly 10,000 people missing from town of 17,000...

KYODO: Death tops 2,000...
Military finds 300-400 bodies in one coastal city...
UPDATE: Four trains missing...
Northeast Japan 'a wasteland'...
'Devastation and despair'...
MAPS, DETAILS...
BBC LIVE...
REUTERS LIVE
KYODO WIRE...

City Lowers Police Testing Standards Because Not Enough Blacks Passed...
Under pressure from Obama administration...

Illinois mayor says Obama still owes city $55,457...

Obama to party with Washington reporters...
Golf in the afternoon...

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.

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http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume.htm

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

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Wednesday, March 16, 2011

March 15, 2011 posts

Business / Economic / Financial

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

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!

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

World Stocks, Oil Slump on Japan Nuclear Fears World stocks hit 2-1/2 month lows on Tuesday and oil fell and the yen surged after reports of rising radiation near Tokyo triggered a 10 percent fall in Japanese stocks, hurting risky assets across the board.

14 Reasons Why The Economic Collapse Of Japan Has Begun The economic collapse of Japan has begun. The extent of the devastation is now becoming clear and many are now projecting that this will be the most expensive natural disaster in modern human history.

Alert: Fukushima Coverup, 40 Years of Spent Nuclear Rods Blown Sky High Paul Joseph Watson and Kurt Nimmo | More than 600,000 spent fuel rods on site, ready to burn and enter the atmosphere.

New Fire Hits Number 4 Reactor At Fukushima AFP is reporting a new fire at the number four reactor at the Fukushima Daiichi nuclear plant. Flames are rising from the reactor, AP reports.

U.S. Government Blocking Americans From Obtaining Potassium Iodide? Paul Watson | U.S. health authorities could be blocking Americans from obtaining potassium iodide.

Radio France Pulls Staff From Japan Over Radiation Fears Radio France decided Tuesday to pull out staff dispatched to cover the major earthquake in Japan, following a series of accidents at a Japanese nuclear power plant, a public relations official told Kyodo News.

Airlines start cancelling flights to Tokyo Lufthansa, Europe’s biggest airline group by revenues, has cancelled flights to Tokyo’s main international airport of Narita as Japan’s nuclear crisis deepens.

U.S. Navy: Low-level radiation detected at some Tokyo-area bases The Navy said very low levels of airborne radiation were detected Tuesday morning at greater Tokyo-area bases in Yokosuka and Atsugi, prompting commanders to direct base residents to remain indoors as a precaution.

Qaddafi Retaking Libya Tony Cartalucci | It appears Colonel Qaddafi has begun retaking Libya from globalist-backed rebels.

Panic Buying: Stocks Of Potassium Iodide Exhausted In U.S. Paul Joseph Watson | Health websites sold out, readers struggle to find radiation-fighting pills anywhere.

Hacker Group Anonymous Brings Peaceful Revolution To America: Will Engage In Civil Disobedience Until Bernanke Steps Down The goal – engage in “a relentless campaign of non-violent, peaceful, civil disobedience” until Ben Bernanke steps down.

Update: Make That 15 Trillion; BOJ Raises Liquidity Injection To JPY12 Trillion ($146 Billion) Total reactionary panic everywhere now as the BOJ hikes the liquidity injection from 2 to 7 to 12 trillion yen.

Tokyo stocks drop 5% in first opening since quake Tokyo shares fell 5.2 percent on Monday in their first opening since Friday, when Japan was struck by the biggest earthquake in its history and a devastating tsunami.

Store shelves empty in Tokyo as uncertainty reigns Commuters and residents of the Japanese capital faced confusion and uncertainty on Monday over the supply of food and energy after Friday’s devastating quake and tsunami which crippled a nuclear power plant.

Third Reactor Explodes, Full Scale Nuclear Catastrophe Imminent Kurt Nimmo | Effort to cool reactor with seawater a failure.

Experts fear 3rd reactor explosion Aaron Dykes | A third explosion at the Fukushima plant may be imminent.

CIA Sends USAID to Japan to Manage Nuclear Disinfo Campaign Kurt Nimmo | Cover-up of the extent and severity of Japan’s multiple nuclear meltdowns is now underway.

Cover Up Of Fukushima Chain Reaction Underway Paul Joseph Watson & Steve Watson | True scale of nuclear crisis suppressed by Japanese authorities, aided by castrated and slavish mass media.

Tracking Page: Japan’s Nuclear Meltdown, Aftershocks & Fallout Infowars | Following Japan’s nuclear plant emergency with the latest updates.

Japan’s nightmare gets even WORSE: All THREE damaged nuclear reactors now in ‘meltdown’ at tsunami-hit power station The Japanese nuclear reactor hit by the tsunami went into ‘meltdown’ today, as officials admitted that fuel rods appear to be melting inside three damaged reactors.

Japanese death toll to far exceed 10,000 The death toll from the Japanese earthquake and tsunami is expected to exceed 10,000 as local and international rescue teams search through the ruins of north-eastern coastal cities for survivors of last Friday’s disaster.

TIME: Everything’s Tracked- Get Over It Aaron Dykes | In an astounding cover story,’ TIME tells readers to “get over” ubiquitous tracking.

Volcano in southern Japan erupts LA Times | A volcano in southern Japan began spewing ash even as the country struggled to recover from the catastrophic earthquake and tsunami.

U.S. West Coast in Path of Fallout Washington’s Blog | California is closely monitoring efforts to contain leaks from a quake-damaged Japanese nuclear plant.

Japan Fears Second Reactor Blast There is a risk of a second explosion at the quake-hit Fukushima power station, Japanese officials have said. However, chief cabinet secretary Yukio Edano said the facility could withstand the impact and the nuclear reactor itself would not be damaged.

U.S. West Coast in Path of Fallout “At present there is no danger to California. However we are monitoring the situation closely in conjunction with our federal partners,” Michael Sicilia, spokesman for California Department of Public Health, told AFP.

Radiation Increases as Cooling Systems Fail at Fukushima Plant in Japan Japanese officials battling to prevent a potential meltdown at a nuclear power station said an explosion was possible at a second reactor building after the plant’s cooling system failed.

Cooling at Sixth Reactor Fails Tokyo Electric Power Co. said Sunday another reactor of its quake-hit Fukushima nuclear power plants had lost its cooling functions, while at least 15 people at a nearby hospital were found to have been exposed to radioactivity.

Japanese Nuclear Meltdown Confirmed Infowars.com | As we accurately reported, the explosion at the Fukushima nuclear plant was the result of a nuclear meltdown of the reactor core.

Media Coverup of Massive Chernobyl Event Underway in Japan Kurt Nimmo | Media in Japan is not reporting this fact in order to prevent mass hysteria.

Piers Corbyn: Massive Japan Earthquake & Tsunami Were Triggered by Solar Action The Alex Jones Channel | Meteorologist and astrophysicist Piers Corbyn, talks with Alex about the Japanese tsunami.

US Contracting Tech Firms for Revolutions Tony Cartalucci | US shamelessly admitting to funding Middle East revolutions

] 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.

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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!