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 (Only up to 3-11-11-you must be logged in - (Washington Post) [ Comments COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on their site ) . The following is the cumulative archive of blog posts / topics for 2010 as the new year starts anew (and archived by quarter): http://albertpeia.com/December312010postsarchive.htm or PDF formatted version
http://albertpeia.com/December312010postsarchive.pdf ]

Jailed IMF chief resigns but maintains his innocence Strauss-Kahn, who is facing sexual assault charges in N.Y., says he is stepping down with "infinite sadness" and that he wants to devote "all my energy to proving my innocence." (Los Angeles Times)

I.M.F. Chief Quits After His Arrest In Sexual Attack (New York Times) [ Strauss-Kahn resigns as head of the IMF (Washington Post) [ So what! Who cares! There is not one head of even one institution in the world today that deserves to keep their job; from bernanke at the fed, to the nobel committee that awarded wobama the peace prize, to geithner at treasury, to looney moony at the u.n., etc.. For jobs poorly done, they should step down and make way for the generation that’s been so negatively impacted by their venality, incompetence, corruption, etc…

Why Are Investors Fearful? Here are 19 Answers Khaner 5-17-11’

QE II: .. Place yer bets, place yer bets! Tick, tick, tick…

U.S. ECONOMY: Inventory built, inventory sold, inventory built, inventory sold. ..

UNEMPLOYMENT: ..(problematic)

U.S. DEBT CEILING: “Going up, she said, uh, huh…”

INVESTOR SENTIMENT: Mom & Pop investors still getting’ their ya-yas out by pouring their savings into the equity markets. .. Main Street flash crash.

HOUSING CRISIS: Markets worldwide still looking pricey..

INFLATION: Said to be “uncomfortably high” in London. Given the Brits penchant for understatement..

SAUDI ARABIA: No one can convince me that they aren’t quietly calling all the shots in the Middle East..

STOCK MARKET TECHNICALS: The technical signals aren’t flashing anything definitive and the current low volume..

FLOODS: “High water rising, the shacks are sliding down, folks lose their possessions -- folks are leaving town…” It's hold-your-breath time as the Mississippi is flooding and the Louisiana gulf oil refineries may be threatened.

OIL PRICES: We get to $3.50 per gallon by July 1 and all is well. We get to $3 per gallon by July 1 and all is well and riding in a new stretch SUV Land Yacht! “It’s a party in the USA!"

ARAB SPRING: “Spring has sprung, the grass has risen’, I wonder where the birdies is?” Answer: Any place but the Middle East!

LIBYA: ..

JAPAN: Lost 3.2 million jobs in March alone. Insert audible “Gasp” here.

CHINA: .. China starts punishing companies for publicly announcing that they're about to raise prices on their products. “You woke up this morning, the world turned upside down...”

RING OF FIRE + SPAIN: Talk about getting kicked when you’re down. And since when does Europe get into the earthquake act?

CURRENCIES: The American Buck wakes from its deep slumber and bucks hyper-levered commodity traders right in the assets.

SOVEREIGN DEBT: .. all of Europe will get a hangover from this seemingly never ending bacchanal.

COMMODITIES: ..oil, gold and silver staging freakishly odd crashes every other day ..

..

http://www.minyanville.com/investing/lloyds-wall-of-worry/5/17/2011 ‘ ]

Gang of Six, minus one, presses on The five remaining senators say they are “encouraged” as Gang of Six deficit talks resume. (Washington Post) [Whew! Close one! Nothing to worry about now with the ‘gang of five’ back on track … Riiiiight! … New math for debt compromise With the “Gang of Six” down a member, Sen. Chambliss will need to be the one selling any deal. (Washington Post) [ How ‘bout no math, which certainly would be consistent. After all, in Washington, when has math ever mattered ... Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ . … Osama bin Laden: A dead nemesis perpetuated by the US government ... 5-1-11 / U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php

ON MAY 1, 2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST.

Bin Laden's voice was detected regularly until [12-14-01] by intelligence operatives monitoring radio transmissions in Tora Bora, according to the Pentagon [details]. Since then, nothing has been heard from the al-Qa'eda leader ..[Telegraph, 12/28/2001]

Osama bin Laden: A dead nemesis perpetuated by the US government

Osama bin Laden is dead. The news first came from sources in Afghanistan and Pakistan almost 6 mos ago: the fugitive died in December [2001] and was buried in the mountains of southeast Afghanistan. Pakistan's president, Pervez Musharraf, echoed the information. ..

..Osama bin Laden would not have.. remained silent for so long if he were still alive. He always liked to take credit even for things he had nothing to do with …[NYT 7-11-02]

FOX News Report: Bin Laden Already Dead

Fed won’t expand easing policy Central bank has been using “quantitative easing” to keep rates low to boost the nations’ economy. (Washington Post) [El-Erian: “Financial Repression” In the Form of a Negative Real Rate of Return for Savers Is Coming to America Pimco co-chair El-Erian is saying that the major flaws in the financial system will not be addressed, the government will keep on printing money, and that the inflation-adjusted return on investments for most Americans will be negative.

Stock Market: 4 Current Warning Signs Navin ‘…

1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26. The historical average is about 16.

3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.

4) Key market leaders are rolling over in price... ‘

Market's Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a secular bear market since 2000 and our Secular Trend Score (STS) indicates that we remain in the middle stage of its development (click to enlarge images):

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! …

America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog | It’s now mainstream news that none of the big financial criminals have been prosecuted. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar

24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come!

Many With New College Degree Find the Job Market Humbling Employment rates for new graduates have fallen sharply, as have starting salaries for those who can find work. (New York Times) [ Yet, we all know things are humming on wall street, and military recruitment is up. This is the grim economic reality [ http://albertpeia.com/grimreality.htm America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog | It’s now mainstream news that none of the big financial criminals have been prosecuted. ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar

24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! El-Erian: “Financial Repression” In the Form of a Negative Real Rate of Return for Savers Is Coming to America Pimco co-chair El-Erian is saying that the major flaws in the financial system will not be addressed, the government will keep on printing money, and that the inflation-adjusted return on investments for most Americans will be negative.

Stock Market: 4 Current Warning Signs Navin ‘…

2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26. The historical average is about 16.

3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png

Financialization and Our Increasingly Unstable Economy Roche 'The worst part of it ...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’ billions from the fraud ). UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! …

Focus Is on Obama as Tensions Soar Across Mideast american and israeli officials are struggling to balance national security interests against the need to adapt to a transformative movement in the Arab world. (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, and deadly at worst. Intelligent people worldwide aren’t buy the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc..; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CIA’s stealth drones watched bin Laden house Sophisticated new stealth aircraft flew dozens of secret missions deep into Pakistani airspace in an effort to capture high-resolution video that satellites could not provide, U.S. officials say. Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones | Hamid Gul, former ISI chief, talks about NATO firing on Pakistani troops and the prospect of WWIII. Ludicrous Bin Laden “Porno” Claim Harks Back To CIA Fakery Watson | Spooks admitted creating hoax videotapes of Osama talking about having sex with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that anyone’s believing anything they say. Next thing you know, they’ll be saying beyond the porn stash, Bin Laden was a closet Christian. Osama bin Laden: A dead nemesis perpetuated by the US government ... May 1, 2011 ... U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… FLASHBACK: Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion From the Old | On May 30th at 10:06 the United States reached the point where they have spent $1trillion on the wars in Afghanistan and Iraq. Editorial: Bin Laden raid no vindication of torture (Washington Post) [ While I don’t disagree with this Editorial, I do disagree with the premise; viz., that they truly sought to prevent that ultimate ‘pearl harbor event’, to ratchet up the war spending / military industrial complex welfare plan with broad based enthusiasm / support. Even war-monger mccain supports this which also finds support in international law, treaties, conventions.I can only wonder what the presence of substantially underrated President General Eisenhower would have meant, and truly believe this entire debacle and the nation’s decline would have been avoided. “All In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His Remarkable And Unique Warnings Given For Naught”

Financialization and Our Increasingly Unstable Economy Roche 'The worst part of it ...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’ UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... `‘`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 ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

The latest case of U.S. paranoia (Los Angeles Times) [ Yeah! This really needs to be said; particularly when you take into account the reality, that while plentiful, american laws are all but meaningless, arbitrarily enforced at best, and ‘federales’ and their supporters (more commonly called bribes, one way or form or another) invariably the worst offenders. Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... `‘`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 ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

El-Erian: “Financial Repression” In the Form of a Negative Real Rate of Return for Savers Is Coming to America Pimco co-chair El-Erian is saying that the major flaws in the financial system will not be addressed, the government will keep on printing money, and that the inflation-adjusted return on investments for most Americans will be negative.

Stock Market: 4 Current Warning Signs Navin ‘…

2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26. The historical average is about 16.

3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! …

America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog | It’s now mainstream news that none of the big financial criminals have been prosecuted. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar

24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come!

Wall Street - Will it Lie and Cheat Stocks to New Highs? Maierhofer May 18, 2011 ‘Dear Wall Street and government officials (domestically and abroad), please take the following definition and post it where you see it daily (no, the latrine doesn't count):

Ethic: A set of moral principles, a system of moral values, a consciousness of moral importance.

Unless you live in a dream world, you've come to grips with the idea that Wall Street and ethics are as far removed as the sunset from the sunrise. But even if you are a realist, you may be surprised to hear about the most recent escapades and how stocks might react.

Lying - A Matter of Self-Preservation

'When it becomes serious, you have to lie.' Which Prime Minister said that and why?

Luxembourg's Prime Minister Jean-Claude Juncker, who, as the chairman of the regular meetings of euro zone finance ministers, is one of Europe's key spokesman, just 'legalized' lying when required by circumstances.

What were the circumstances? The Spiegel Online (a German news outlet) reported last Friday of a secret EU meeting regarding a Greek exodus from the European Union.

Mr. Schuller, a spokesperson for Luxembourg's Prime Minister explained: 'There was a very good reason to deny that the meeting was taking place. Evening in Europe is midday in the United States. We had Wall Street open at that point in time.' Schuller deemed this to be an issue of 'self-preservation.' Therefore, lying was allowed.

Lies Everywhere

Europeans are not the only ones fluent in lying. Goldman Sachs was ousted for betting against the housing market while selling mortgage-backed securities (MBS). According to Matt Taibbi's latest piece, Goldman's CEO and CFO Blankfein and Viniar lied to Congress about the issue.

Perhaps for good reason Goldman Sachs stock (NYSEArca: GS - News) has lost 20% since mid-January and the Financial Select Sector SPDR (NYSEArca: XLF - News) and SPDR KB Bank ETF (NYSEArca: KBE - News) are trading at the low of the year. Perhaps the market knows something the public doesn't.

No Bailout ... But Give Me the Money

On January 17, 2011 Portugal insisted it will get by without an aid package. On March 29, Jose Socrates, Portugal's Prime Minister, went on record saying: 'I'm sick of saying we won't' be needing a bailout. On April 7, the Wall Street Journal reported, 'Portugal pleads for rescue.'

Greece went down the same path just a few months earlier. In fact, on April 27, 2010 Reuters reported that 'Greece contagion fears are unfounded.' The imminent 'Flash Crash' argued otherwise.

As the rosy-eyed media spread Greece's lies, the ETF Profit Strategy Newsletter warned of a sharp decline caused by historically low put buying. The April 16, 2010 issue stated that: 'The message conveyed by the composite bullishness is unmistakably bearish. Once prices do fall and investors do get afraid of incurring losses, the only option is to sell. Selling results in more selling. This usually results in rapidly falling prices.'

How to Ruin a Career in One Hour

We can't leave Europe (NYSEArca: VGK - News) without addressing Dominique Strauss-Kahn's New York escapade. Kahn was sent to jail after attempting to forcibly rape a Manhattan hotel worker last Saturday.

Perhaps Kahn thought that his $3000/night Sofitel Hotel suite (paid by the IMF) automatically entitled him to become intimate with the hotel's staff. Oh no, that can't be. As former French finance minister, current International Money Fund (IMF) chief and top contender for the French presidency, Kahn surely new better.

Obviously personal urges were more important than the financial well-being of an entire continent. This appropriately reflects today's me-first philosophy. Do as I say, but not as I do. Unfortunately, Kahn wasn't as skillful about concealing his actions as many others have been.

The U.S. Debt Ceiling - Quietly Raised?

According to a May 9 document by the U.S. Treasury, the total public debt was $14.27 trillion, $20 billion shy of the $14.29 trillion debt ceiling. Since May 9, the Federal Reserve has bought more than $30 billion worth of Treasuries (NYSEArca: TLT - News). The debt ceiling should have been passed, yet nobody is talking about it.

Tune Out the Soap Opera

Bad and ugly news has accompanied the stock market rally for over a year now. Aside from the 'Flash Crash' debacle, the market (aka QE2) has shrugged off anything thrown in its way.

In other words, don't focus on the news; focus on what the market is doing. Unlike Wall Street and politicians, you can trust the market's actions. The Dow Jones (DJI: ^DJI), S&P (SNP: ^GSPC) and Nasdaq (Nasdaq: ^IXIC) don't lie.

The post Japan disaster decline turned out to be another buying opportunity just as the ETF Profit Strategy Newsletter predicted on February 18: 'If stocks don't fall below 1,255 we expect new recovery highs.'

On April 3, the ETF Profit Strategy Newsletter outlined the target range for the new recovery highs and stated: 'In terms of resistance levels, the 1,369 - 1,xxx (reserved for subscribers) range is a strong candidate for a reversal of potentially historic proportions.'

On May 2, the S&P reversed right on queue (the day's high was 1,370.59) and tumbled thereafter. Since the S&P has found support, we need to ask whether May 2 marked a major market top or if the upper end of the target range will be challenged…’

Risk On/Risk Off Markets: Dave's Daily ‘Most investors were waiting for the 2PM Fed Minutes which offered few surprises. In it some governors were worried about inflation while others economic weakness. The unspoken conclusion is stagflation. Nevertheless, some Canadian wild fires near oil sands production areas halted production which, when combined with slightly lower oil inventories, pushed energy prices higher. This took the entire commodity complex higher once again squeezing shorts. With commodity prices higher, stocks also took-off with the most volatile and oversold sectors (EMs and Small Caps) leading the charge higher. Bond prices reversed course and the dollar was mostly flat. One of the last companies to report earnings was Dell (DELL) which beat expectations. This led tech sectors higher despite quickly forgotten misses by Cisco (CSCO) and Hewlett Packard (HPQ). There have also been plenty of ignored casualties along the way as companies like Staples (SPLS) and AFLAC (AFL) reports disappointed. That said, markets are just plain "jumpy" and there's plenty of big money stock bets by hedge funds and others that need defending so any excuse will do. For all the bullishness volume was once again ultra-light which has been the signature of comeback rallies over the past nine months …’

Fed Minutes Reveal Strategy For Exit From Markets Struck ‘The minutes released Wednesday for the Federal Reserve’s Federal Open Market Committee meeting on April 27 contained the now familiar rhetoric about the economy, saying, “Economic activity expanded at a moderate pace in recent months, and labor market conditions continued to improve gradually.” However more detail, perhaps unexpectedly, appeared about the steps the Fed will take to normalize “the stance and conduct of monetary policy.”In working toward putting the global economy back on its own footing, the Fed said it will make moves to either increase short-term interest rates, decrease its holdings of long-term securities, or both. The Fed has been buying long-term assets in the form of government Treasuries during its two rounds of quantitative easing that began in 2009. One way that it will seek to reintroduce normal conditions to markets will be to reduce the size of its own balance sheet, which now contains hundreds of billions in government bonds. The question that many ask following this unsurprising game plan is – When will it happen?Each move may be used by the Fed in varying degrees to achieve tighter lending conditions, while allowing the economy to recover, as it is, at a “moderate pace.” The minutes say:“The Committee could accomplish essentially the same degree of monetary tightening by selling assets sooner and faster but raising the target for the federal funds rate later and more slowly, or by selling assets later and more slowly but increasing the federal funds rate target sooner and faster over time as the economy strengthens.”A close focus on the two directives for Chairman Ben Bernanke, unemployment and inflation, continued to be present in the minutes. The steps taken to remove the stimulus from markets will “be driven by the Committee’s monetary policy objectives for maximum employment and price stability.” This means that the steps toward normalization may not “necessarily begin soon.”The release of the minutes provided a momentary pop to markets. The Dow added to its gains slightly after the minutes were released, before falling back to near its mark before 2:00 at 12,535.The Fed reported that underlying inflation expectations excluding energy and food were still subdued, and longer-run inflation expectations remained stable. It also highlighted continued depressed demand for housing, saying “Sales of new and existing homes moved lower, on net, in February and March, while measures of home prices slid further in February.” ‘

[$$] Watch for Flipping Tomorrow Collins ‘ This is beginning to feel like many other bounces once again. No volume. No belief. No problem. We're still within a range, so it is difficult to declare this the start of a new leg higher already. The bounce over the last two days may indulge a little flipping if we are higher tomorrow. Resistance and support levels haven't changed from this morning. Over $135 on the SPDR S&P 500, and the bears may feel a little pinch. We'll get a look at weekly claims numbers tomorrow morning, as well as leading indicators and Philly Fed report shortly after the market opens. Friday is another day without economic data, but with options expiration in its stead, there should still be plenty of market action. Volatility came out of the market in a big way today. The Volatility Index (VIX) quickly slipped back into a deep state of...’

THE GOOD OLD DAYS ARE BACK, EVERYTHING GOES UP: Here's What You Need To Know Weisenthal, 5-18-11 ‘The wheel of fortune spins again!

But first, the scoreboard

Dow: +79.29
NASDAQ: +31.76
S&P 500: +11.46

And now, the top stories:

It was actually pretty quiet for most of the globe for most of the day. The rally really started yesterday afternoon, when the Dow cut a 150 point loss in half. That continued through the evening (helped in part by good earnings from Dell, perhaps) with solid gains overseas.

By the time early morning rolled about, it was up for everything: stocks, commodities, the precious metals, etc. Oil continued its bonkers activity, at one point going back over $100 (it was below $95 at one point yesterday).

The morning saw mixed earnings. Staples got killed after sour sales. Deere on the other hand confirmed that the agriculture boom is in overdrive.

The data today was light. FOMC minutes were basically a big, expected snooze.

The market never cares about debt stuff, and didn't have any discernible reaction to news that the "Gang Of Six" -- an attempt at a moderate approach to the deficit -- collapsed.

In the end: all up, risk on, old days, QE forever! ‘

Minyanville's T3 Daily Recap: … ? ‘The market followed through to the upside after yesterday's reversal, easing pressure after heavy selling Monday, especially in the Nasdaq. While the indices have held up moderately well, some ugly charts in momentum stocks had traders leaning short, but this two-day bounce leaves them in wait-and-see mode. The "easy" part of the reflex move is now over, and now the question is whether this is just an oversold bounce or the start of the move back to highs. Fed minutes this afternoon brought nothing particularly new or groundbreaking, with some disagreement within the FOMC on when to begin tightening monetary policy. Only a slowdown in the economic recovery would bring about the possibility of QE3, but with its mention the Fed seemingly continues to provide a security blanket to the markets … http://image.minyanville.com/assets/FCK_Jan2011/Image/May2011/t35181b.JPG (Click to enlarge) … ‘

Floyd Norris Blog Housing Starts: Still Dead NORRIS Home construction is at a new low, and for good reasons. But wouldn't it be nice to put all those unemployed people to work building something we need? (New York Times) [ ‘Wouldn’t it be nice’ … Sounds like a Beach Boys song … then there are tooth fairies, etc.. The very bad news hardly affects the fraudulent stock market as we saw in the last hour’s trading with suckers’ rally to keep the suckers sucked in. Then of course, there’s reality, which of course, is not lost on insiders. A storm gathers over equities markets (Reuters) Stock Market: 4 Current Warning Signs Navin ‘…

2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26. The historical average is about 16.

3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! …

America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog | It’s now mainstream news that none of the big financial criminals have been prosecuted. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar

Selling In May Is Very Good Advice This Year Harding 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows ]

British queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ … that is … Diana film causes stir at Cannes “Unlawful Killing” has a combination of celebrity, controversy and canny hype-mongering. (Washington Post) [ Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the score. Indeed, it’s not coincidental that William’s the over-riding favorite of granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into their DNA proffer which they did buy – you know, that ‘bloodline thing’). Moreover, it was reported that Diana had another ‘potential challenger in the oven’ at the time of her death and we all know how dicey such english affairs of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt of Diana for having brought the son of her bosom, Chas, down. Do I think she said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als. Ultimately, William will require some substantial therapy to sort out this looming conflict. After all, Diana was his mother. Drudgereport: `British woman decapitated in grocery store; killer flees with head... Cannes: Diana doc slams UK royals as 'gangsters'...` Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

CRIME STATISTICS >(america is No. 1).

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

In Rust Belt, new jobs but smaller wages The nation’s factories have added 250,000 jobs since the beginning of last year — about 13 percent of what was lost during the recent recession — marking the first sustained increase in manufacturing employment since 1997. But the new hiring also reflects another emerging reality of U.S. manufacturing. In the Rust Belt, glimmers of a new shine Stocks erase declines as shares advance (Washington Post) [ Come on! Wake up! Just another round of pre-election, make-shift, taxpayer-subsidized talking points. . 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Bernanke prepares to make history (WP) [ He already has! $6 gas acomin’.. hyperinflation as predicted well on the way from over-printing of fiat paper currency by fed as predicted, etc., Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009…’

Treasury to tap pensions to fund government (WP)

New math for debt compromise With the “Gang of Six” down a member, Sen. Chambliss will need to be the one selling any deal. (Washington Post) [ How ‘bout no math, which certainly would be consistent. After all, in Washington, when has math ever mattered ... Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ . … Osama bin Laden: A dead nemesis perpetuated by the US government ... 5-1-11 / U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php

Osama bin Laden: A dead nemesis perpetuated by the US government

..Osama bin Laden would not have.. remained silent for so long if he were still alive. He always liked to take credit even for things he had nothing to do with …[NYT 7-11-02]

FOX News Report: Bin Laden Already Dead

CIA’s stealth drones watched bin Laden house Sophisticated new stealth aircraft flew dozens of secret missions deep into Pakistani airspace in an effort to capture high-resolution video that satellites could not provide, U.S. officials say. Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones | Hamid Gul, former ISI chief, talks about NATO firing on Pakistani troops and the prospect of WWIII. Ludicrous Bin Laden “Porno” Claim Harks Back To CIA Fakery Watson | Spooks admitted creating hoax videotapes of Osama talking about having sex with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that anyone’s believing anything they say. Next thing you know, they’ll be saying beyond the porn stash, Bin Laden was a closet Christian. Osama bin Laden: A dead nemesis perpetuated by the US government ... May 1, 2011 ... U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… FLASHBACK: Editorial: US in quagmire Seeing the warm welcome extended to the Afghan president on his US trip, it is hard to believe that only weeks ago Washington was seething with anger and frustration at Hamid Karzai’s behavior and there were even dark mutterings by US officials that he might be mad. War in Afghanistan and Iraq costs America $1trillion From the Old | On May 30th at 10:06 the United States reached the point where they have spent $1trillion on the wars in Afghanistan and Iraq. Editorial: Bin Laden raid no vindication of torture (Washington Post) [ While I don’t disagree with this Editorial, I do disagree with the premise; viz., that they truly sought to prevent that ultimate ‘pearl harbor event’, to ratchet up the war spending / military industrial complex welfare plan with broad based enthusiasm / support. Even war-monger mccain supports this which also finds support in international law, treaties, conventions.I can only wonder what the presence of substantially underrated President General Eisenhower would have meant, and truly believe this entire debacle and the nation’s decline would have been avoided. “All In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His Remarkable And Unique Warnings Given For Naught”

Wall Street snaps losing streak, but headwinds remain (Reuters)

Most at Fed want rate hikes before asset sales (Reuters)

Baidu, China sued in U.S. for Internet censorship (Reuters) [ As indeed they should be … there is no excuse for censorship in any nation including pervasively corrupt, defacto bankrupt america … particularly those purporting to be global, and hence, the communist chinese must ‘pay (with transparency) to play’. ]

Fed sees ‘transitory’ higher inflation: minutes AFP | The Fed views inflation as only temporary as the economy muddles through a weak recovery.

Private Global Bankers = The Priesthood of Modern Western Civilization The Excavator | “The issue which will have to be fought sooner or later is the People vs. the Banks.”

Ron Paul: Sell Fort Knox Gold to Battle Debt NY Sun | Presidential contender Ron Paul says the next big question on the federal debt limit could be whether to start selling the government’s gold.

Selling Gold at Fort Knox Emerges as Next Big Question in Debate on Federal Debt Limit The next big question on the federal debt limit could be whether to start selling the government’s holdings of gold at Fort Knox — and at least one presidential contender, Ron Paul, has told The New York Sun he thinks it would be a good move. Drudgereport: `RON PAUL: SELL THE GOLD IN FORT KNOX... [ I personally believe that some has already been sold, as in stole, with gold plate the replacement; after all, with the wall street frauds, 360 tons of $100 bills flown into Iraq and ‘disappeared’, etc., why would same seem unlikely. ]`

El-Erian: “Financial Repression” In the Form of a Negative Real Rate of Return for Savers Is Coming to America Pimco co-chair El-Erian is saying that the major flaws in the financial system will not be addressed, the government will keep on printing money, and that the inflation-adjusted return on investments for most Americans will be negative.

8 Reasons Why China Resembles The USA Prior To The Great Depression I wanted to pass along some excellent thoughts from Mark Lapolla of Knight Capital.

NATO in Libya: Besides the Oil, Is It Also a Gold Robbery? The IMF data show Libya’s reserves to be 4.6 million ounces, a figure of nearly 144 tons. At current market prices the value is over $6bn.

(5-18-11) Dow 12,559 +79 Nasdaq 2,815 +31 S&P 500 1,340 +11 [CLOSE- OIL $100.68 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.95 (reg. gas in LAND OF FRUITS AND NUTS $4.26 REG./ $4.36 MID-GRADE/$4.46 PREM./ $4.55 DIESELL) / GOLD $1,498 (+24% for year 2009) / SILVER $35.61(+47% for year 2009) PLATINUM $1,783 (+56% for year 2009) Metal News for the Day / DOLLAR= .69 EURO, 82 YEN, .61 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 3.17% …..… 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 The bull market that never was/were beyond wall street b.s. when measured in gold ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net 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

Birther Bombshell: Corsi To Release Evidence Proving Obama Certificate a Fraudulent Composite Paul Joseph Watson | “I’m going to be telling the entire world about this scandal over the next few weeks.”

The Milk Police Ron Paul | An unconstitutional misapplication of the commerce clause for legislative ends.

The Strauss Kahn Frame-Up: The Amerikan Police State Strides Forward Paul Craig Roberts | Strauss-Kahn could have been set up by rivals inside the IMF.

New Al Qaeda Leader Claims He Has Nothing To Do With Al Qaeda Steve Watson | Evidence suggests al-Adel figure is another intelligence ghost.

Fukushima Reactors a Raging Nuclear Inferno Kurt Nimmo | Meltdowns began soon after tsunami crippled the nuclear plant in March.

Medvedev warns West of new Cold War over missile deal AFP | Russia could enter a new Cold War with the West if agreement is not reached on new missile defence shield.

450 British troops to withdraw from Afghanistan The Sun | Move bitterly opposed by military chiefs, who claim it risks throwing away gains made by British forces.

Rebels: Gadhafi fighters shell western mountains

Houston Chronicle | Forces loyal to Libyan leader Moammar Gadhafi shelled villages and towns.

WORLD AT WAR INFOWARS ARCHIVE

Drones Becoming Pervasive INSIDE America Washington’s Post | It’s not far-fetched to think drones will be used against the American people.

Iranian FM Says Bushehr Nuclear Plant is Operational Iranian Foreign Minister Ali Akbar Salehi said that the Bushehr power plant is operational, Press TV reported on Wednesday.

Birther Bombshell: Corsi To Release Evidence Proving Obama Certificate a Fraudulent Composite During an interview with a Denver radio station this morning, author Jerome Corsi said he was about to release bombshell evidence that proved the alleged Obama birth certificate released last month was a composite of three different birth certificates from other individuals born at the same hospital.

Obama Campaign To Use ‘Truth Squads’ In Effort To Dispel Birther Controversy President Obama’s 2012 presidential campaign today started selling “Made in the USA” t-shirts featuring images of both President Obama and the long-form birth certificate he released copies of last month.

New Al Qaeda Leader Claims He Has Nothing To Do With Al Qaeda, Calls 9/11 A “Fabrication” Amidst reports that Saif al-Adel, otherwise known as Muhammad Ibrahim Makkawi, has been appointed the new al Qaeda leader, a man claiming to be the real Makkawi insists that he has nothing to do with al Qaeda and describes 9/11 as a “fabrication”.

Atmosphere Above Japan Heated Rapidly Before M9 Earthquake Infrared emissions above the epicenter increased dramatically in the days before the devastating earthquake in Japan, say scientists.

The Strauss Kahn Frame-Up: The Amerikan Police State Strides Forward President Bill Clinton survived his sexual escapades, because he was a servant to the system, not a threat. But Strauss-Kahn, like former New York Governor Eliot Spitzer, was a threat to the system, and, like Eliot Spitzer, Strass-Kahn has been deleted from the power ranks.

Gamers Target U.S. Troops in Chinese Military ‘Shooter’ There’s one key difference between the American and Chinese “shooters.” Where the bad guys in America’s Army are generic Middle Eastern or Central Asian insurgents and terrorists, the enemy in Glorious Mission is apparently the U.S. military. A TV report offers glimpses of an American-made Apache gunship crashing in flames.

Veteran Journalists: Press Treats Obama Like a Monarch “If you watch an Obama news conference, and watched a Bush news conference previous to that, where correspondents sit in their seats with their hands folded on their laps, [it's] as if they are in the room with a monarch and they have to wait to be recognized by the president,” says Sid Davis.

White House Blacklists Newspaper Over Romney Editorial The White House Press Office has refused to give the Boston Herald full access to President Obama’s Boston fund-raiser today, in e-mails objecting to the newspaper’s front page placement of a Mitt Romney op-ed, saying pool reporters are chosen based on whether they cover the news “fairly.”

Is Criminal Behavior a Prerequisite to Get a Job With the TSA? Why doesn’t Janet Napolitano’s TSA just start using prison inmates to conduct grope downs and naked porno scans of people traveling through US airports? It would save a lot of time and money, and it wouldn’t be a departure from the fact that TSA workers have worked hard to maintain their reputation as thieves, perverts and criminals.

The War on Milk – GM Dairy and Cancer Links There have been many studies have shown a definite link between increased IGF-1 levels and breast, colon, and prostate cancer. Herbert Yu and Thomas Rohan addressed this in their study “Role of the Insulin-like Growth Factor Family in Cancer Development and Progression.”

The “International Criminal Court”: Prosecuting Gaddafi With Questionable Evidence While Ignoring NATO-Israeli Atrocities The International Criminal Court has requested an arrest warrant for Colonel Gaddafi and his sons for “crimes against humanity”, accusing them of ordering, planning and participating in illegal attacks on civilians.

`Drudgereport: USA HITS DEBT CEILING...`
`TREASURY RAIDS PENSIONS...RON PAUL: SELL THE GOLD IN FORT KNOX... [ I personally believe that some has already been ‘sold’, as in stole, with gold plate the replacement; after all, with the wall street frauds, 360 tons of $100 bills flown into Iraq and ‘disappeared’, etc., why would same seem unlikely. ] NEXT UP FOR BAILOUT: POST OFFICE...`
4 MONTHS UNTIL DEFAULT... US Postal Service reports $2.2B loss for quarter... [ And, let me add that they deserved that loss. The USPS is totally unreliable and basically a jobs program for the otherwise unemployable; and, they are also corrupt. I’ve previously set forth the scenario where the postal service waylaid dvd disks sent priority/confirmation and a second time, certified mail, to the FBI (violations of federal law, tampering, obstruction, etc.), and ultimately additional copies of said disks were delivered by the reliable, efficient, competitive, performance-driven UPS (their parcel rates are roughly the same and yet half the delivery time – Fedex is as unreliable as the USPS-and for some time had a deal with the USPS)…infra ] Medvedev warns West of new Cold War...
`Russia Expels Israel's Military Attache... U.S.-Israeli group tells members not to boo president... WHITE HOUSE SHUTS OUT NEWSPAPER OVER 'BIAS'...`
`Veteran reporters mock WH press for kowtowing to 'monarch'... GOV'T MOTORS CHEERS CHINESE COMMUNIST MOVIE... US helicopter exchanges fire with Pakistan troops on Afghan border...`
`...increasing tensions`
`Pakistan, China Grow Closer... New, federally-mandated light bulbs will cost $50 -- each...`
`GE lobbied for them... REPORT: Secret Service interrogates 7th grader without parents' knowledge...`
`China cuts holdings of Treasurys for 5th month...`
`U.S. borrows $58,000 a second...`
`BUCHANAN: 'Bad day for New World Order'...NO BAIL FOR WORLD'S BANKERDOWN AND OUT IN MANHATTAN... ...sex charges likely to isolate IMF in debt crisis talks`
`'BLOOD ON THE BED'...`
`Authorities investigating 'at least one other' case... CHANGE: Obama Assets Total as Much as $12 Million... GALLUP: OBAMA DROPS ANOTHER 2 POINTS, DOWN TO 46%...`
`...Post-Bin Laden Bump Has Vanished Hamas PM: Pray for an end to Israel...`
`Protesters try to breach Israeli border on 3 fronts...`
`Israel opens fire across border with Lebanon...`
`Egypt police fire tear gas at Nakba rally...`
`Demonstrators pour into Israel from Syria...`
`'Iran fingerprints'...`
`'Terror truck' attack... GALLUP: Obama slips back to 48/45... Administration approves 200 more new Obamacare waivers... IMF HEAD IN RAPE RAP...`
`New Details...`
`May Step Aside?`
`French presidential race hopes in jeopardy...`
`'THUNDERBOLT'...`
`Ron Paul: 'These are the kind of people running the IMF'... 9 civilians killed in U.S. drone strike in Pakistan... ALARM OVER APPROACHING INSOLVENCY OF SOCIAL SECURITY, MEDICARE...`
`Social Security to run 'permanent' deficits... Texas official accuses ATF of starting wildfire... 'That bunch has a real corner on stupid'... British woman decapitated in grocery store; killer flees with head... Cannes: Diana doc slams UK royals as 'gangsters'... Senate Bill Gives Feds Power to Order Blacklisting of Websites... Treasury Auctions to Push US Over Debt Ceiling...`
`McCARTHY: 'Not one Republican vote' to borrow more without cuts... REPORT: 48 Women Raped Every Hour in Congo... 'DOLLAR IN GRAVER DANGER THAN EURO'...`
`FORBES: RETURN TO GOLD STANDARD WITHIN 5 YEARS...`
`In S.C., legislature takes first step... POLL: 1 in 5 say bin Laden alive...`
`MICHELLE: KEEPS ON DANCING!`
`First Lady to host rapper who talks of killing cops...USA FREAK OUT: TERROR FEARS; FALSE ALARMS... Sen. Schumer Calls For Amtrak 'Do Not Ride' List...`
`Two tunnel 'breaches' cause scare in NYC...`
`Threats Divert Planes in Three Separate Incidents...`
`Passengers, flight crew subdue man banging on cockpit door...`
`Dallas Train Station Evacuated: Man Asked For Help Carrying Packages...`
`4 Arrested For Videotaping TSA Line At Denver...`
`SHOCK PHOTO: TSA LOOKING FOR 'POOP BOMBS?' U.S.-Pak. Rift Widens...`
`Pak. warns of 'full force' response to future US raids... S&P cuts Greece's rating... BOEHNER TO DEMAND NOT BILLIONS, BUT TRILLIONS IN CUTS... OIL REBOUNDS; 2ND LARGEST GAIN ON RECORD... REPORT: Housing crash getting worse...`
`...values fall fastest rate since '08 Michelle Obama to host rapper at WH who talks of killing cops... 'COMMAND CENTER'...`
`Pakistan skeptical of U.S. claim bin Laden directed network...`
`Two loud explosions heard in town where bin Laden killed...`
`Videos show 9-11 mastermind watching himself on TV...`
`U.S. government censors tapes, cuts audio...`
`Inside bin Laden's squalid home...`
`NYT: Final days of domesticity... Drone Strike Kills 15 in Pakistan...`
`First since bin Laden raid... BIN LADEN SUPPORTERS RAGE ON THE STREETS OF LONDON, VOW REVENGE...`
`Stage mock funeral in front of US embassy... Gas nat'l average: $3.99...`
`Eats 9% of household budgets...`
`Average price sets record in Indiana -- $4.25 a gallon...`
`$6.03 in Hawaii... JAPAN URGES HALT AT THREE REACTORS... UNEMPLOYMENT BACK UP TO 9.0%... Fannie Mae Reports $8.7B Loss for First Quarter...`
`Seeks $8.5B more from taxpayers... APRIL JOBS: +244,000...`
`FUZZY MATH: How can US add jobs but the unemployment rate go up? Gas nat'l average: $3.99...`
`Eats 9% of household budgets...`
`Average price sets record in Indiana -- $4.25 a gallon...`
`$6.03 in Hawaii... PAPER: GREECE EU EXIT? Silver Plunge Spreads...`
`OIL GUTTED...`
`Price Slide Temporary, New Highs Likely: Goldman...`
`Fears linger of a new 'flash crash'...`
`Euro Tumbles...` `CNN SHOCK POLL: RON PAUL HAS BEST CHANCE VS OBAMANational Home Prices Double Dip...`
`JOBLESS CLAIMS RISE TO 8 MONTH HIGH...`
`Fears linger of a new 'flash crash'... 9-11 FAMILY: 'SHOW US PROOF BIN LADEN KILLED'...`
`Victim's father: Obama 'putting too much spotlight on himself'...`
`Channels Bush at Ground Zero: 'We will never forget'...`
`Tells teen survivor he knows Justin Bieber...`
`Turns Back on 9/11 Family Member...`
`AUDIO... Muslim Brotherhood urges review of Israel ties... Pakistanis burn U.S. flags; backlash over death grows... Pakistan officials: No resistance in 'cold-blooded' U.S. raid...`
`Warns America not to stage any more...`
`Threatens 'disastrous consequences'...`
`Muslims already name dump location 'Martyr's Sea'...`
`OBAMA, NO PHOTOS OF OSAMA: 'We don't need to spike the football'... 'Conspiracy theorists will just claim doctored'...`
`Sen. Scott Brown: 'I've seen picture, he's definitely dead'... UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...`
`three senators fell for fakes...`
`UPDATE: 'The photo I saw and that a lot of other people saw is not authentic'...`
`Top Dem: No photo needed, 'there's absolute proof'...`REUTERS RELEASES 'DEATH SCENE' PHOTOS
WARNING GRAPHIC
`UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...`
`Possibly three senators fell for fakes... Pakistan: 'Not a single bullet fired from compound'...`
`WIRE: Photos from 1 hour after raid show 3 dead, no weapons...`
`The Slippery Story of the bin Laden Kill... Official says 'killed apparently by the U.S. raid team'... DOLLAR HITS 3 YEAR LOW...`
`1 IN 7 ON FOOD STAMPS!`
`Job numbers disappoint...`
`Treasury suggests $2 trillion debt cap raise... REUTERS, AP journalists describe staging of Obama photo taken after TV announcement of bin Laden's death...`US Postal Service reports $2.2B loss for quarter... [ And, let me add that they deserved that loss. The USPS is totally unreliable and basically a jobs program for the otherwise unemployable; and, they are also corrupt. I’ve previously set forth the scenario where the postal service waylaid dvd disks sent priority/confirmation and a second time, certified mail, to the FBI (violations of federal law, tampering, obstruction, etc.), and ultimately additional copies of said disks were delivered by the reliable, efficient, competitive, performance-driven UPS (their parcel rates are roughly the same and yet half the delivery time – Fedex is as unreliable as the USPS-and for some time had a deal with the USPS). Amazon, Ebay, though a boon to the USPS, have consistently failed to deliver in the realm of computers / peripherals. The following includes a prior testimonial to the service, reliability of PRO Computer Center ( http://www.procomputercenter.com Pro Computer Center, 10837 Santa Monica Blvd., Los Angeles, CA 90025 ) . Pro Computer Center is among the few remaining stores of their kind. They are performance / service / customer oriented like no other surviving computer retailer / repairer / service providers I’ve experienced. They’ve also moved into the realm of computer forensics / data recovery in the context of court proceedings where they’ve successfully performed where others failed and at substantially more reasonable rates than ‘the competition’. My most recent computer problems accounting for some website / posting delays has been once again been resolved by them and another Dell computer (the circumstances of the most recent debacle was a barrage of Trojans caught by my antivirus, one after another, then shutting down my antivirus, ultimately freezing (no boot) my computer (I previously alluded to my reasonable suspicions as to who perpetrated same). My experiences with such as Amazon, Ebay have been atrocious and borderline if not outright fraudulent (the shoddy sellers), time consuming, and aggravating in the ‘claims process’. Moreover, the other brick and mortar stores, even if reputable, have a fine print which lays most of the warrantee/ guarantee on the manufacturer. In sum, Pro Computer Center does not have any ‘real’ competition. They are currently building me a backup computer that comports with my budget and their survival as a company, though somewhat rare among computer retailers of their type, is totally understandable and a testament to high quality performance and service. (Prior testimonial:Pro Computer Center
10837 Santa Monica Blvd.
Los Angeles, CA 90025

Gentlemen:

I just wanted to extend to you and your company my sincere thanks for a job well done. The Dell computer I recently purchased from you has lived up to all your representations and as well, my own expectations. I bought my first computer from you (Ben) in or around 1999. It was a Sony Vaio laptop which owing to Windows Millenium and a very proprietary approach to computing on the part of Sony, truth be told, was not the greatest system in terms of stability (typical Millenium problems), but no fault of yours. Ultimately, though functional, I traded the Vaio for a Mac, an accommodation by your company seldom seen with other companies if at all (3+ years later). You’ve always stood by your products / service, are available / accessible to field / handle all questions / problems which is rare indeed. In Armand you have a top-notch A+ Certified Tech who is patient, knowledgeable, and talented. Ruben, in truth has been particularly instrumental in seeing to a smooth transition in my recent dealings with your company as a knowledgeable IT Specialist and especially as a savvy, capable manager. Since 1999 I’ve purchased five computers from you and based upon performance, the sixth is assured.

Sincerely,

Albert L. Peia ) ]

The Magic Inflation Rate: 5.3% Elfenbein ‘I downloaded Professor Robert Shiller’s historical stock market data to see how inflation has impacted stock returns. I had done this before with data from Ibbotson. Those numbers go back to 1925, but Professor Shiller’s numbers go back to 1871.

I wanted to see how the stock market performed at different rates of inflation. I took the after-inflation total return of each month from 1871 through 2010.

I found that the magic number is 5.3%. If the annualized inflation rate for the month is under 5.3%, the stock market has performed very well. But when inflation is above 5.3%, the market does poorly. It’s pretty amazing how well this relationship has held up over 140 years. Historically, monthly inflation has been above 5.3% about one-third of the time.

My calculations show that when inflation is below 5.3%, the stock market has had an annualized after-inflation gain of 9.59%. When inflation is above 5.3%, then stock market has had an annualized loss of 8.15%. Stretched out over 140 years, that’s a loss of nearly 98%.

(Click chart to expand) http://static.seekingalpha.com/uploads/2011/5/17/saupload_image1112.png ‘

Industrial Production Continues Drumbeat of Downbeat Data Gongloff ‘Here we go again, with another disappointing economic report: The culprit of the moment is industrial production, which was flat in April, the Fed reports. Dismal scientists had expected a 0.4% gain. March production was revised lower, just for an extra dash of bitter.Let’s see, what else? Manufacturing production fell 0.4% last month, the first decline since June 2010 and the biggest since mid-2009. So that’s not good, either. Supply-chain disruptions in Japan apparently had a bigger effect than economists realized: Production of motor vehicles and parts dropped 8.9%.And here’s a blow to the inflationistas: Capacity utilization fell to 76.9% in April from a downwardly revised 77% in March. Factories aren’t running anywhere near normal capacity.You cut this report in half, and you’ll see softness all the way through.This steady drumbeat of economic disappointment — remember Empire State and the NAHB survey yesterday, along with housing starts this morning — is weighing on stocks and commodities. The Dow is off 64 points. The 10-year note is yielding less than 3.12%, the lowest of the year and breaking through a key technical level. Oil is below $97 a barrel.At least for this moment, contra global fund managers, bad news is just bad news.’

Why Are Investors Fearful? Here are 19 Answers Khaner May 17, 2011 ‘It's hold-your-breath time as investors worry about inflation, housing, the end of QE2, the Mississipi flood and more.

Investors are worried. The end of QE2 is in sight, the Brits are talking about inflation, and the future of oil, housing and the US economy looks uncertain. Add to these the economic threat posed by Mississippi River flood waters, and you've got countless sleepless nights. Here's a look at all the issues making the market nervous this week. For more on how to use Lloyd's Wall of Worry, see below.

QE II: Much ado about nothing? Or much ado about something? Place yer bets, place yer bets! Tick, tick, tick…

U.S. ECONOMY: Inventory built, inventory sold, inventory built, inventory sold. “And the beat goes on...” This is going to be our economic path until further notice so dig the groove, `cause it’s the only disc we got to spin.

UNEMPLOYMENT: We added 244,000 new jobs! Not ready to body surf the crowd to "The Boys Are Back In Town" yet but it's a solid six-digit number.

U.S. DEBT CEILING: “Going up, she said, uh, huh…” And it's just a matter of when, not if. Still worth fretting about though.

INVESTOR SENTIMENT: Mom & Pop investors still getting’ their ya-yas out by pouring their savings into the equity markets. Here's hoping they don't suddenly throw their ya-yas into reverse and give us a Main Street flash crash.

HOUSING CRISIS: Markets worldwide still looking pricey. I saw a listing for a rectangular, poured concrete split-level in a high-end military suburb of Pakistan that’s going for a million clams! Even with free weekly goat delivery thrown in, it still seems steep.

INFLATION: Said to be “uncomfortably high” in London. Given the Brits penchant for understatement, that translates into “my pants are on fire and I can’t afford to buy any water to put them out.”

SAUDI ARABIA: No one can convince me that they aren’t quietly calling all the shots in the Middle East. Hope somebody whispers to them that there's no room for error here.

STOCK MARKET TECHNICALS: The technical signals aren’t flashing anything definitive and the current low volume, tight equity trading range is just too tough when you’re trying to make an honest living scalping a vulnerable market. Is nothing sacred anymore?

FLOODS: “High water rising, the shacks are sliding down, folks lose their possessions -- folks are leaving town…” It's hold-your-breath time as the Mississippi is flooding and the Louisiana gulf oil refineries may be threatened.

OIL PRICES: We get to $3.50 per gallon by July 1 and all is well. We get to $3 per gallon by July 1 and all is well and riding in a new stretch SUV Land Yacht! “It’s a party in the USA!"

ARAB SPRING: “Spring has sprung, the grass has ris’, I wonder where the birdies is?” Answer: Any place but the Middle East!

LIBYA: Turkey, their last best friend and biggest toe, just threw in the towel on them. C’mon Libby, walk away before they carry you away.

JAPAN: Lost 3.2 million jobs in March alone. Insert audible “Gasp” here.

CHINA: The Tony Soprano School of Management springs to life. China starts punishing companies for publicly announcing that they're about to raise prices on their products. “You woke up this morning, the world turned upside down...”

RING OF FIRE + SPAIN: Talk about getting kicked when you’re down. And since when does Europe get into the earthquake act?

CURRENCIES: The American Buck wakes from its deep slumber and bucks hyper-levered commodity traders right in the assets.

SOVEREIGN DEBT: Hoopah! Hoopah! Greece is still livin’ large and partying in the face of fiscal austerity promises. Unfortunately all of Europe will get a hangover from this seemingly never ending bacchanal.

COMMODITIES: Correct me if I’m wrong but are oil, gold and silver staging freakishly odd crashes every other day or is it just me? When you come up with the answer just look for me under my desk.

What Is Lloyd's Wall of Worry?
By Lloyd Khaner

Since the 1930s, when Benjamin Graham created the concept of "Mr. Market," investors have been trying to figure out what events or fears are influencing the market. Investors call this body of concerns the "Wall of Worry."

Oddly, no one has ever kept a list of the worries, except for me. I've been managing money for the last 20 years and keeping a running tally of all the things that are bothering investors. It's an important part of my value investment discipline, because when Mr. Market gets nervous, stocks tend to get cheaper.

As Warren Buffett says: "Be fearful when others are greedy and be greedy when others are fearful."

Click on the image below to view the interactive Wall of Worry page.

http://www.minyanville.com/investing/lloyds-wall-of-worry/5/17/2011 ‘

Human Hair Now More Valuable Than US Dollar ‘According to the New York Times, thieves breaking into beauty parlors are more interested in making off with hair extensions than cash.
"One indication of how quickly the focus of some thieves has shifted to high-end hair is the experience of the Beauty One hair supply store in Chicago: two years ago, thieves went after the store’s cash, but last month, they bypassed the register altogether and took just the hair, which was valued at $90,000," reporter Timothy Williams writes…’

Selling In May Is Very Good Advice This Year Harding Stocks slip after three-day rally (Washington Post) [ Top 3 Reasons Markets Tanked with Oil WSCS…

1) Commodities and Oil got slaughtered. .. widening trade gap.

2) Insiders finally getting busted.. but what about what large banks, investment banks, and mortgage companies did to the US economy…these insider trading cases are basically sideshows…

Fed official calls for vigilance (WP) [ Who’s still buying their b***s***! Much higher prices / inflation’s already here. 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Bernanke prepares to make history (WP) [ He already has! $6 gas acomin’.. hyperinflation as predicted well on the way from over-printing of fiat paper currency by fed as predicted, etc., Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009…’

Pension plan draws ire of workers Proposal to raise payroll deductions of federal workers could make public sector work less attractive.
Diary: Federal workers are raising the roof Treasury to tap pensions to fund government (Washington Post) [ Most people thought this to be beyond the realm of possibility; yet, it’s happening and far worse is yet to come, their desperation being seen in so many ways. As far as public sector ‘work’ being less attractive, let’s not forget the fact that these non-productive, over-paid, over-valued public employees, like those of the u.s. postal service, are otherwise unemployable, and as such, tend to favor party-campaign benefactors as, ie., fraudulent wall street, etc.. Market's Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a secular bear market since 2000 and our Secular Trend Score (STS) indicates that we remain in the middle stage of its development :

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png

…

..Butler|Philbrick & Associates conducted a study that combined the Shiller CAPE ratio, the Q-Ratio, long-term price deviations and total return trends. The following graph from DShort.com displays 15-year actual stock market returns and projected returns since 1900 ..

http://static.seekingalpha.com/uploads/2011/5/14/668911-13054033822883-Erik-McCurdy.png

With a couple of notable exceptions, actual returns have tracked projected returns almost exactly during the past 110 years. .. this model projects that stocks will return -0.5% during the next 10 years and 0.6% during the next 15 years.. stocks are likely to produce no gains for the next 15 years. .. However, the fact remains that stocks are priced to deliver historically poor returns as investment vehicles for the foreseeable future.

While valuation-based forecasting models project a poor long-term outlook, chart analysis and internal data also suggest that the stock market has entered a period of heightened risk from an intermediate-term perspective. ..

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540340946043-Erik-McCurdy.png

The rally is now 26 months old and cyclical bulls that occur during secular bears..

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540342919514-Erik-McCurdy_origin.png

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540344803643-Erik-McCurdy_origin.png

http://static.seekingalpha.com/uploads/2011/5/14/668911-13054034630148-Erik-McCurdy_origin.png

http://static.seekingalpha.com/uploads/2011/5/14/668911-13054034630148-Erik-McCurdy.png

Finally, our sentiment score recently declined to the lowest level since late 2007, reflecting an excessive amount of bullish sentiment that leaves the stock market vulnerable to an abrupt, violent decline.

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540347838945-Erik-McCurdy_origin.png

Lawmakers rebuff restitution (Washington Post) Investors in an alleged Ponzi scheme say their pleas for reimbursement fall on deaf ears. ‘While Allen Stanford was flying high, he and his colleagues spent more than $10 million on campaign contributions and lobbying payments to curry favor in Washington. But all that money was diverted from investors in what authorities have called an elaborate Ponzi scheme, second only to Bernard Madoff’s in U.S. history, according to court documents…’ [ No surprise here from the accomplices / facilitators of frauds such as this which are plentiful in pervasively corrupt, defacto bankrupt america.

A storm gathers over equities markets (Reuters) Stock Market: 4 Current Warning Signs Navin ‘…

2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26. The historical average is about 16.

3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! …

America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog | It’s now mainstream news that none of the big financial criminals have been prosecuted. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar

Selling In May Is Very Good Advice This Year Harding 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows

Study: $2 trillion for infrastructure U.S. is falling dramatically behind in rebuilding and expanding its transportation network, study says. (Washington Post) [ As if that was all pervasively corrupt, defacto bankrupt america was falling behind in. Moreover, even the simplistic answer, ‘you can’t spend what you don’t have’, is regrettably inapposite. The problem is, defacto bankrupt america is spending what it doesn’t really have. More importantly, pervasively corrupt america is spending what it doesn’t really have on war, and such other manipulations as fraudulent wall street, most of which is immediately or ultimately a net negative in real economic terms. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ . … Osama bin Laden: A dead nemesis perpetuated by the US government ... 5-1-11 / U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php

Osama bin Laden: A dead nemesis perpetuated by the US government

..Osama bin Laden would not have.. remained silent for so long if he were still alive. He always liked to take credit even for things he had nothing to do with …[NYT 7-11-02]

FOX News Report: Bin Laden Already Dead

Dionne: Why did the media fall for Trump? (Washington Post) [ In addition to being a mobster, trump was / is always a joke and a certifiable mental case. The real question is why the media continues to fall for wobama. SEC urged to ease fundraising rules (Washington Post) [ REDUNDANT! I mean come on! Any more ‘easing’ and we’d be in negative territory where they actually reward you for breaking the rules which is currently the reality in pervasively corrupt, defacto bankrupt, meaningfully lawless america. Roche 'The worst part of it ...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 ). UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... `‘`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 ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Defacto bankrupt, fraudulent america also spends more on military spending than all the nations of the world combined... federal employees / contractors, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ). That perverse field of dreams I’ve previously alluded to, the american nightmare, if you build / contrive war, they will come. And, they do; seals of them (among others); and when their ‘tours’ are done, it’s murder inc./contract killing for hire that they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred to as the american century, brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering which primitive mindset they have mistakenly been conditioned to connect to their now irretrievably lost success as a nation state; and to the contrary, has become globally and domestically self-destructive / self-defeating. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of political desperation and Orwellian opportunism.

U.S. speeds up direct talks with Taliban Officials say they hope the negotiations, initiated several months ago, will enable President Obama to report progress in ending the Afghan war when he announces troop withdrawals in July. (Washington Post) [ Well, no biggy … after all, they’ve been reporting and will continue reporting ‘progress’ regardless of the reality and prospectively why should we expect the truth, particularly in this so called election cycle. Even MSNBC’s Chris Matthews Admits the CIA is Engaging in “Psy-Ops” With The Bin Laden Raid Youtube Bin Laden’s “One Million Page Cache” Will Be Used To Legitimize Official 9/11 Fable Paul Watson | The White House claims it has recovered one million pages of data from the Bin Laden compound… That’s exactly what they want … for the benefit of the military industrial complex that has steadily drained the dwindling resourses of this country to defacto bankruptcy. Editorial: Bin Laden raid no vindication of torture (Washington Post) [ While I don’t disagree with this Editorial, I do disagree with the premise; viz., that they truly sought to prevent that ultimate ‘pearl harbor event’, to ratchet up the war spending / military industrial complex welfare plan with broad based enthusiasm / support. Even war-monger mccain supports this which also finds support in international law, treaties, conventions.I can only wonder what the presence of substantially underrated President General Eisenhower would have meant, and truly believe this entire debacle and the nation’s decline would have been avoided. “All In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His Remarkable And Unique Warnings Given For Naught” [ I personally believe, and the factual, historical realities support that President General Eisenhower is without question the most under-rated president in america’s short-lived history. Is there anyone who foolishly would believe this man (Ike) of honor, the quintessential General / Commander in Chief would be sacrificing lives (american among many others) and treasury for the sake of war profiteers, greed, fraud, etc., as now? ] President Eisenhower’s warned us about the growing threat from the military-industrial complex – and it’s threat to our prosperity – 50 years ago. Eisenhower’s Worst Fears Have Been Realized Washington’s Blog | All in all it appears that Eisenhower’s worst fears have been realized and his remarkable and unique warnings given for naught. ….. Indeed, 911 itself; that ‘pearl harbor event’ so sought by the neo-cons / war mongers still defies explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed the party’ that day}, etc.. Some links, echoing the disbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. People must realize that though having but 5% of the world’s population, america can boast 76% of the world’s serial killers and the highest crime rates in the world by far. That perverse field of dreams I’ve previously alluded to, the american nightmare, if you build / contrive war, they will come. And, they do; seals of them (among others); and when their ‘tours’ are done, it’s murder inc./contract killing for hire that they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred to as the american century, brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering which primitive mindset they have mistakenly been conditioned to connect to their now irretrievably lost success as a nation state; and, to the contrary, has become globally and domestically self-destructive / self-defeating. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of political desperation and Orwellian opportunism.

Ludicrous Bin Laden “Porno” Claim Harks Back To CIA Fakery Paul Joseph Watson | Spooks admitted creating hoax videotapes of Osama talking about having sex with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that anyone’s believing anything they say. Next thing you know, they’ll be saying beyond the porn stash, Bin Laden was a closet Christian. Osama bin Laden: A dead nemesis perpetuated by the US government ... May 1, 2011 ... U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php ON MAY 1, 2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… [ infra, for article text ] FLASHBACK: Editorial: US in quagmire Seeing the warm welcome extended to the Afghan president on his US trip, it is hard to believe that only weeks ago Washington was seething with anger and frustration at Hamid Karzai’s behavior and there were even dark mutterings by US officials that he might be mad. War in Afghanistan and Iraq costs America $1trillion From the Old | On May 30th at 10:06 the United States reached the point where they have spent $1trillion on the wars in Afghanistan and Iraq.

Al Peia's Blog

Thursday, May 19, 2011

May 18, 2011

Business / Economic / Financial

Why Are Investors Fearful? Here are 19 Answers Khaner 5-17-11’

QE II: .. Place yer bets, place yer bets! Tick, tick, tick…

U.S. ECONOMY: Inventory built, inventory sold, inventory built, inventory sold. ..

UNEMPLOYMENT: ..(problematic)

U.S. DEBT CEILING: “Going up, she said, uh, huh…”

http://www.minyanville.com/investing/lloyds-wall-of-worry/5/17/2011 ‘ ]

FOX News Report: Bin Laden Already Dead

CRIME STATISTICS >(america is No. 1)

CRIME STATISTICS >(america is No. 1).

Treasury to tap pensions to fund government (WP)

FOX News Report: Bin Laden Already Dead

Wall Street snaps losing streak, but headwinds remain (Reuters)

Most at Fed want rate hikes before asset sales (Reuters)

8 Reasons Why China Resembles The USA Prior To The Great Depression I wanted to pass along some excellent thoughts from Mark Lapolla of Knight Capital.

NATO in Libya: Besides the Oil, Is It Also a Gold Robbery? The IMF data show Libya’s reserves to be 4.6 million ounces, a figure of nearly 144 tons. At current market prices the value is over $6bn.

National / World

Birther Bombshell: Corsi To Release Evidence Proving Obama Certificate a Fraudulent Composite Paul Joseph Watson | “I’m going to be telling the entire world about this scandal over the next few weeks.”

The Milk Police Ron Paul | An unconstitutional misapplication of the commerce clause for legislative ends.

The Strauss Kahn Frame-Up: The Amerikan Police State Strides Forward Paul Craig Roberts | Strauss-Kahn could have been set up by rivals inside the IMF.

New Al Qaeda Leader Claims He Has Nothing To Do With Al Qaeda Steve Watson | Evidence suggests al-Adel figure is another intelligence ghost.

Fukushima Reactors a Raging Nuclear Inferno Kurt Nimmo | Meltdowns began soon after tsunami crippled the nuclear plant in March.

Iranian FM Says Bushehr Nuclear Plant is Operational Iranian Foreign Minister Ali Akbar Salehi said that the Bushehr power plant is operational, Press TV reported on Wednesday.

Obama Campaign To Use ‘Truth Squads’ In Effort To Dispel Birther Controversy President Obama’s 2012 presidential campaign today started selling “Made in the USA” t-shirts featuring images of both President Obama and the long-form birth certificate he released copies of last month.

Atmosphere Above Japan Heated Rapidly Before M9 Earthquake Infrared emissions above the epicenter increased dramatically in the days before the devastating earthquake in Japan, say scientists.

http://www.minyanville.com/investing/lloyds-wall-of-worry/5/17/2011 ‘

FOX News Report: Bin Laden Already Dead

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Thursday, May 19, 2011

May 18, 2011

Business / Economic / Financial

Why Are Investors Fearful? Here are 19 Answers Khaner 5-17-11’QE II: .. Place yer bets, place yer bets! Tick, tick, tick…U.S. ECONOMY: Inventory built, inventory sold, inventory built, inventory sold. ..UNEMPLOYMENT: ..(problematic)U.S. DEBT CEILING: “Going up, she said, uh, huh…”

http://www.minyanville.com/investing/lloyds-wall-of-worry/5/17/2011 ‘ ]

FOX News Report: Bin Laden Already Dead

CRIME STATISTICS >(america is No. 1)

CRIME STATISTICS >(america is No. 1).

Treasury to tap pensions to fund government (WP)

FOX News Report: Bin Laden Already Dead

Wall Street snaps losing streak, but headwinds remain (Reuters)

Most at Fed want rate hikes before asset sales (Reuters)

8 Reasons Why China Resembles The USA Prior To The Great Depression I wanted to pass along some excellent thoughts from Mark Lapolla of Knight Capital.

NATO in Libya: Besides the Oil, Is It Also a Gold Robbery? The IMF data show Libya’s reserves to be 4.6 million ounces, a figure of nearly 144 tons. At current market prices the value is over $6bn.

National / World

Birther Bombshell: Corsi To Release Evidence Proving Obama Certificate a Fraudulent Composite Paul Joseph Watson | “I’m going to be telling the entire world about this scandal over the next few weeks.”

The Milk Police Ron Paul | An unconstitutional misapplication of the commerce clause for legislative ends.

The Strauss Kahn Frame-Up: The Amerikan Police State Strides Forward Paul Craig Roberts | Strauss-Kahn could have been set up by rivals inside the IMF.

New Al Qaeda Leader Claims He Has Nothing To Do With Al Qaeda Steve Watson | Evidence suggests al-Adel figure is another intelligence ghost.

Fukushima Reactors a Raging Nuclear Inferno Kurt Nimmo | Meltdowns began soon after tsunami crippled the nuclear plant in March.

Iranian FM Says Bushehr Nuclear Plant is Operational Iranian Foreign Minister Ali Akbar Salehi said that the Bushehr power plant is operational, Press TV reported on Wednesday.

Obama Campaign To Use ‘Truth Squads’ In Effort To Dispel Birther Controversy President Obama’s 2012 presidential campaign today started selling “Made in the USA” t-shirts featuring images of both President Obama and the long-form birth certificate he released copies of last month.

Atmosphere Above Japan Heated Rapidly Before M9 Earthquake Infrared emissions above the epicenter increased dramatically in the days before the devastating earthquake in Japan, say scientists.

http://www.minyanville.com/investing/lloyds-wall-of-worry/5/17/2011 ‘

FOX News Report: Bin Laden Already Dead

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Why Are Investors Fearful? Here are 19 Answers Khaner 5-17-11’

QE II: .. Place yer bets, place yer bets! Tick, tick, tick…

U.S. ECONOMY: Inventory built, inventory sold, inventory built, inventory sold. ..

UNEMPLOYMENT: ..(problematic)

U.S. DEBT CEILING: “Going up, she said, uh, huh…”