DON'T LOOK...IT WON'T BE PRETTY...
MY ADVISE TO AMERICANS...WHO WANT TO "GET THROUGH" THE NEXT FEW YEARS...IS FIND A LIFE OUTSIDE THE FINANCIAL MARKETS AND FINANCIAL NEWS...
THIS IS GOING TO BE VERY UGLY...AND PROBABLY SCARY
BUT REMEMBER, THE SUNSETS WILL STILL BE RED...AND THE BIRDS WILL SING IN MAY...AND THERE ARE PLENTY OF GOOD BOOKS TO READ.
POSTSCRIPT:
AMERICAN TELEVISION PROGRAMING HAVING BECOME LITERALLY AN UNWATCHABLE INTELLECTUAL WASTELAND!
I MEAN WHAT LEVEL OF BRAIN DAMAGE WOULD BE NEEDED TO "ENJOY" WASTING TIME WATCHING THE CRAP ON AMERICAN TV THESE DAZE...?
Monday, March 31, 2008
EURO ZONE RATE HIKE WILL FLUSH DOLLAR DOWN THE TOILET!!
OUT OF THE PUNCH BOWL...INTO THE TOILET!!
HOW THE MIGHTY FED HAS FALLEN...!
BUT THE FED HAS ONLY ITSELF...
AND IT'S SLAVISH DEVOTION TO WALL STREET GREED TO BLAME..
HOW THE MIGHTY FED HAS FALLEN...!
BUT THE FED HAS ONLY ITSELF...
AND IT'S SLAVISH DEVOTION TO WALL STREET GREED TO BLAME..
DOLLAR WOES RETURN...158+ ON THE EURO!!
A FEW MONTHS AGO PREDICTING 160 ON THE EURO WOULD HAVE SOUNDED LIKE THE RAVINGS OF A DERANGED PERMA-BEAR...
NOW IT SOUNDS LIKE..... "NEXT WEEK!"
NOW IT SOUNDS LIKE..... "NEXT WEEK!"
KRUGMAN SAYS BUSH BULLSHIT IS 1930's REVISITED!!
EVERYONE KNOWS IT'S TOO LATE FOR BUSH TO UN-FUCK THE SYSTEM...
THE REAL QUESTION IS WILL PRESIDENT MC CAIN BE ABLE TO DO ANYTHING...?
GIVEN HIS ELECTION PROMISE OF A 100 YEAR PERMAWAR AGAINST THE SHOELESS AND PISS-POOR CAVE-DWELLING..."ISLAMO-FASCISTS" ...
WHO SOMEHOW...IN MC CAIN'S DELUSIONAL MIND...PRESENT AN "EXISTENTIAL THREAT" TO OUR COUNTRY WHICH IS VIRTUALLY BROKE BECAUSE OF IT'S BIZZARO MEGA-WAR SPENDING!!
THE REAL QUESTION IS WILL PRESIDENT MC CAIN BE ABLE TO DO ANYTHING...?
GIVEN HIS ELECTION PROMISE OF A 100 YEAR PERMAWAR AGAINST THE SHOELESS AND PISS-POOR CAVE-DWELLING..."ISLAMO-FASCISTS" ...
WHO SOMEHOW...IN MC CAIN'S DELUSIONAL MIND...PRESENT AN "EXISTENTIAL THREAT" TO OUR COUNTRY WHICH IS VIRTUALLY BROKE BECAUSE OF IT'S BIZZARO MEGA-WAR SPENDING!!
FED DUMPING GOLD INTO INDIA...??
THESE ARE DESPERATE TIMES...
THE WALL STREET "HAPPY TALKERS" HAVE MORE "LIVES" THAN THE BAD GUY IN A CHEAP SLASHER MOVIE!!
OMG...THEY'RE BAAAAACK...!!
THE WALL STREET "HAPPY TALKERS" HAVE MORE "LIVES" THAN THE BAD GUY IN A CHEAP SLASHER MOVIE!!
OMG...THEY'RE BAAAAACK...!!
COLLAPSE OF THE "PAPER ECONOMY" LOOMS
IT'S 1720 ALL OVER AGAIN...!
GREEDY SPECULATORS AND CORRUPT AND BANKRUPT GOVERNMENTS NEVER MIX WELL...
THE RESULT IS ALWAYS... WELL...THIS!
YOU CAN READ ABOUT THE SOUTH SEAS BUBBLES OF THE 1720's FOR MORE DETAILS ON "WHAT HAPPENS NEXT..."
GREEDY SPECULATORS AND CORRUPT AND BANKRUPT GOVERNMENTS NEVER MIX WELL...
THE RESULT IS ALWAYS... WELL...THIS!
YOU CAN READ ABOUT THE SOUTH SEAS BUBBLES OF THE 1720's FOR MORE DETAILS ON "WHAT HAPPENS NEXT..."
GREEN ZONE PUPPETS LIFT CURFEW...
SO WE WON RIGHT...?
LOL...
WHATEVER SMALL CREDIBILITY THE SO CALLED "SECULAR" SHIA GREEN ZONE PUPPETS HAD IS GONE FOREVER.
NOW ALL IRAQIS...SUNNI AND SHIA... VIEW THE BUSH NEOCON PUPPETS IN THE GREEN ZONE WITH DISGUST AND CONTEMPT FOR WHAT THEY ARE DOING TO IRAQ.
OTHER THAN THOSE "ON THE TAKE" IN THE GREEN ZONE...FEW ORDINARY IRAQIS WILL SUPPORT THE BUSH-NEOCON PUPPET GOVERNMENT ANYMORE.
THE GREEN ZONE PUPPETS ARE HATED IN THE NORTH...AND IN THE SOUTH!! THEY ARE HOSTAGES IN THE AMERICAN GREEN ZONE... WHICH IS PROBABLY AS IT SHOULD BE...SINCE THIS ENTIRE OPERATION AND OCCUPATION HAS BEEN ONE CONTINUOUS DISASTER FROM THE VERY BEGINNING...
LOL...
WHATEVER SMALL CREDIBILITY THE SO CALLED "SECULAR" SHIA GREEN ZONE PUPPETS HAD IS GONE FOREVER.
NOW ALL IRAQIS...SUNNI AND SHIA... VIEW THE BUSH NEOCON PUPPETS IN THE GREEN ZONE WITH DISGUST AND CONTEMPT FOR WHAT THEY ARE DOING TO IRAQ.
OTHER THAN THOSE "ON THE TAKE" IN THE GREEN ZONE...FEW ORDINARY IRAQIS WILL SUPPORT THE BUSH-NEOCON PUPPET GOVERNMENT ANYMORE.
THE GREEN ZONE PUPPETS ARE HATED IN THE NORTH...AND IN THE SOUTH!! THEY ARE HOSTAGES IN THE AMERICAN GREEN ZONE... WHICH IS PROBABLY AS IT SHOULD BE...SINCE THIS ENTIRE OPERATION AND OCCUPATION HAS BEEN ONE CONTINUOUS DISASTER FROM THE VERY BEGINNING...
GLOOM GOES GLOBAL...!
MY SENSE IS THAT SOMETHING HAS CHANGED IN THE LAST FEW WEEKS.
THE GLOOM IS NOW GLOBAL... AND AMAZINGLY IT IS BEING EXPRESSED BY THE PAID PUNDITS IN THE MEDIA...
GLOOM IS NO LONGER JUST SOMETHING YOU SEE IN COFFEE SHOPS ON MAIN STREET IN FLY-OVER-COUNTRY.
REMEMBER HOW THEY USED TO SAY THAT THE GREAT DEPRESSION WAS HITTING THE FARM BELT...LONG BEFORE IT MADE IT TO WALL STREET...?
YEAH...WELL, IT'S SORT OF LIKE THAT. ALAS, THE RICH ARE ALWAYS THE LAST TO KNOW ABOUT THESE THINGS... "HEY, LET THEM EAT CAKE!" NATURALLY THE PUNDITS ARE PAID BY THE RICH TO MAINTAIN THE HAPPY TALK AS LONG AS POSSIBLE...
EVEN IN THE EARLY 30'S...THE ELITE US MEDIA HAD IT'S HAPPY TALK CROWD... THEY ARE LOST TO HISTORY NOW. WE DON'T REMEMBER OR TALK ABOUT THEM ANYMORE.
THIS OF COURSE IS MUCH MUCH WORSE THAN THE 1930'S... BACK THEN THE AMERICAN ECONOMY WAS AN INDUSTRIAL POWERHOUSE...LOOKING FOR A MARKET.
NOW...ALL THE FACTORIES ARE CLOSED... CHINA DOMINATES GLOBAL FINANCE...THANKS TO THE FED'S BUBBLE LIQUDITY POLICIES AND WASHINGTONS UNWILLINGNESS TO PROVIDE HEALTH CARE AND PROTECTION TO AMERICAN MANUFACTURERS...
WHO...BY THE WAY...WERE ACTUALLY ENCOURAGED BY WASHINGTON...TO MOVE OFF SHORE!!
WELL...NOW WALLOW IT IN...!
THE GREAT TECTONIC PLATES OF THE GLOBAL ECONOMY ARE SHIFTING AGAIN... AND THE COMING EARTHQUAKE WILL SHAKE UP THE WORLD FOR THE NEXT FIFTY YEARS...!
MY HUNCH IS THAT THE US IS GOING TO NEED SOME "PAY TO PLAY" PROTECTIONISM... IF YOU'RE GOING TO SELL TO OUR MARKETS...YOU HAVE TO PAY THE BILL FOR MAINTAINING THE MUCH SOUGHT AFTER AMERICAN MIDDLE CLASS...NOW NEARLY EXTINCT...!
MAINLY BECAUSE OF GLOBALISM, WALL STREET GREED... AND THE FREE TRADE BULLSHIT...!
THE GLOOM IS NOW GLOBAL... AND AMAZINGLY IT IS BEING EXPRESSED BY THE PAID PUNDITS IN THE MEDIA...
GLOOM IS NO LONGER JUST SOMETHING YOU SEE IN COFFEE SHOPS ON MAIN STREET IN FLY-OVER-COUNTRY.
REMEMBER HOW THEY USED TO SAY THAT THE GREAT DEPRESSION WAS HITTING THE FARM BELT...LONG BEFORE IT MADE IT TO WALL STREET...?
YEAH...WELL, IT'S SORT OF LIKE THAT. ALAS, THE RICH ARE ALWAYS THE LAST TO KNOW ABOUT THESE THINGS... "HEY, LET THEM EAT CAKE!" NATURALLY THE PUNDITS ARE PAID BY THE RICH TO MAINTAIN THE HAPPY TALK AS LONG AS POSSIBLE...
EVEN IN THE EARLY 30'S...THE ELITE US MEDIA HAD IT'S HAPPY TALK CROWD... THEY ARE LOST TO HISTORY NOW. WE DON'T REMEMBER OR TALK ABOUT THEM ANYMORE.
THIS OF COURSE IS MUCH MUCH WORSE THAN THE 1930'S... BACK THEN THE AMERICAN ECONOMY WAS AN INDUSTRIAL POWERHOUSE...LOOKING FOR A MARKET.
NOW...ALL THE FACTORIES ARE CLOSED... CHINA DOMINATES GLOBAL FINANCE...THANKS TO THE FED'S BUBBLE LIQUDITY POLICIES AND WASHINGTONS UNWILLINGNESS TO PROVIDE HEALTH CARE AND PROTECTION TO AMERICAN MANUFACTURERS...
WHO...BY THE WAY...WERE ACTUALLY ENCOURAGED BY WASHINGTON...TO MOVE OFF SHORE!!
WELL...NOW WALLOW IT IN...!
THE GREAT TECTONIC PLATES OF THE GLOBAL ECONOMY ARE SHIFTING AGAIN... AND THE COMING EARTHQUAKE WILL SHAKE UP THE WORLD FOR THE NEXT FIFTY YEARS...!
MY HUNCH IS THAT THE US IS GOING TO NEED SOME "PAY TO PLAY" PROTECTIONISM... IF YOU'RE GOING TO SELL TO OUR MARKETS...YOU HAVE TO PAY THE BILL FOR MAINTAINING THE MUCH SOUGHT AFTER AMERICAN MIDDLE CLASS...NOW NEARLY EXTINCT...!
MAINLY BECAUSE OF GLOBALISM, WALL STREET GREED... AND THE FREE TRADE BULLSHIT...!
Friday, March 28, 2008
SHIT HITS THE FAN IN IRAQ...
HOW THE GREEN ZONE PUPPET GOVERNMENT "GOVERNS" AFTER THIS MASSIVE BUTCHERY OF IT'S OWN PEOPLE.... IS COMPLETELY BEYOND ME...
THE GREEN ZONE PUPPETS HAVE NOW LOST ALL CREDIBILITY...
I MEAN WHO DOES BUSH THINK HE'S BULLSHITING... NO ONE BELIEVES THAT THIS IS MOTIVATED BY THE IRAQIS...
MY HUNCH IS THAT THE IRAQI SHIA IN THE SO CALLED "IRAQI ARMY" WILL NOT KILL THEIR CO-RELIGIONISTS...JUST TO GET BUSH OFF THE HOOK IN IRAQ...!!
REMEMBER THIS IS A SHIA GOVERNMENT WITH HUGELY SHIA ARMY THAT IS BEING ASKED TO SHIT IN THEIR OWN NEST BY BUSH...TO KILL THEIR OWN PEOPLE .... AND BOMB THEIR OWN CITIES! WHAT THE FUCK IS THAT...!
WHAT WE HAVE IS A SHIA ON SHIA CIVIL WAR...!!
THE LONG AWAITED CIVIL WAR BETWEEN THE SUNNI AND THE SHIA HAS BEEN POSTPONED INDEFINITELY...
THE SUNNI ARE QUITE AS MOSQUE MICE....NOW...WHILE BUSH AND HIS GREEN ZONE PUPPETS KICK THE SHIT OUT OF THE SHIAS IN THE SOUTH...AND MASSIVELY BOMB...ONCE "GOOD" AND "STABLE" SHIA CITIES...
NO WONDER TONY THE POODLE GOT THE FUCK OUT...
AND NOT A MINUTE TOO SOON!!
BUSH IS UP TO HIS NECK IN IRAQ NOW...AND HE HAS NO SUPPORT FROM ANYONE...WITH THE POSSIBLE EXCEPTION THE THOSE "ON THE TAKE" IN THE GREEN ZONE... AND TRUST ME...THEY AIN'T GONNA STAY IN IRAQ FOR THE LONG RUN...
WE'LL BE PULLING THEIR SORRY ASSES INTO HELICOPTERS FROM THE GREEN ZONE ROOF TOPS SOON...!!
FUCKIN' SAIGON REVISITED!!
THE GREEN ZONE PUPPETS HAVE NOW LOST ALL CREDIBILITY...
I MEAN WHO DOES BUSH THINK HE'S BULLSHITING... NO ONE BELIEVES THAT THIS IS MOTIVATED BY THE IRAQIS...
MY HUNCH IS THAT THE IRAQI SHIA IN THE SO CALLED "IRAQI ARMY" WILL NOT KILL THEIR CO-RELIGIONISTS...JUST TO GET BUSH OFF THE HOOK IN IRAQ...!!
REMEMBER THIS IS A SHIA GOVERNMENT WITH HUGELY SHIA ARMY THAT IS BEING ASKED TO SHIT IN THEIR OWN NEST BY BUSH...TO KILL THEIR OWN PEOPLE .... AND BOMB THEIR OWN CITIES! WHAT THE FUCK IS THAT...!
WHAT WE HAVE IS A SHIA ON SHIA CIVIL WAR...!!
THE LONG AWAITED CIVIL WAR BETWEEN THE SUNNI AND THE SHIA HAS BEEN POSTPONED INDEFINITELY...
THE SUNNI ARE QUITE AS MOSQUE MICE....NOW...WHILE BUSH AND HIS GREEN ZONE PUPPETS KICK THE SHIT OUT OF THE SHIAS IN THE SOUTH...AND MASSIVELY BOMB...ONCE "GOOD" AND "STABLE" SHIA CITIES...
NO WONDER TONY THE POODLE GOT THE FUCK OUT...
AND NOT A MINUTE TOO SOON!!
BUSH IS UP TO HIS NECK IN IRAQ NOW...AND HE HAS NO SUPPORT FROM ANYONE...WITH THE POSSIBLE EXCEPTION THE THOSE "ON THE TAKE" IN THE GREEN ZONE... AND TRUST ME...THEY AIN'T GONNA STAY IN IRAQ FOR THE LONG RUN...
WE'LL BE PULLING THEIR SORRY ASSES INTO HELICOPTERS FROM THE GREEN ZONE ROOF TOPS SOON...!!
FUCKIN' SAIGON REVISITED!!
MASSIVE FED LIQUIDITY DISTORTS COMMODITES MARKETS...!!
THE COMMODITIES MARKETS ARE BEING DISTORTED BY THE MASSIVE LIQUIDITY BINGE BY THE FED...! READ LINK FROM NYT...
WHAT SEEMS TO BE HAPPENING IS THAT SPECULATORS FLUSH WITH FED CASH ....WOULD RATHER HOLD PAPER THAN THE REAL ASSETS... SO THE PAPER VERSION OF THE COMMODITY IS ACTUALLY..."WORTH MORE" THAN THE REAL THING...EVEN UP TO THE SETTLEMENT DATE!!
AFTER ALL WHO WANTS A BOX CAR LOAD OF ROTTING PORK DEPOSITED ON THEIR FRONT LAWN!! FUCK NO! I'LL "PAY EXTRA" NOT TO DEAL WITH IT...!
I'D PAY EXTRA TO JUST HOLD THE PAPER...AND AVOID THE DAMN BOX CAR DELIVERY ALTOGETHER! AND THAT SEEMS TO ACTUALLY BE HAPPENING IN COMMODITIES NOW...
BUT THIS MEANS THAT "DEALING IN PAPER" PAYS A PREMIUM TO DEALING IN THE "REAL STUFF" WHICH IS WHAT THE COMMODITIES FUTURES MARKET WAS SUPPOSED TO DO!!
IT APPEARS THAT THE COMMODITIES MARKET IS NO MORE THAN A POKER GAME NOW... ONLY ROUGHLY ATTACHED TO THE "ACTUAL PRODUCT"... YOU MIGHT AS WILL BET ON A COCKROACH RACE...!! OR WAGER ON A FROG HOPPING CONTEST...!
THE REAL QUESTION IS WHY ARE THE ARBITRAGERS NOT GETTING INTO THE GAME...? I MEAN THIS LOOKS LIKE FREE MONEY...
WELL...WHO KNOWS...BUT I SUSPECT THAT IT IS NOT ONLY COMMODITIES THAT ARE MASSIVELY OUT OF WHACK NOW...
THE WHOLE FUCKIN MESS IS SCREWED UP BY THE BUBBLE MENTALITY OF THE PAST TEN OR TWENTY YEARS...!
I SUSPECT THAT THE "COMMODITIES ANOMALY" IS REALLY JUST A BIZARRE MANIFESTATION OF A DEEPER PROBLEM... NAMELY...
THE MASSIVE INFLATION IN PAPER ASSETS THAT HAS CHARACTERIZED OUR ERA...WHICH NOW SEEMS TO BE ENDING BADLY...
WE KNOW THAT MARKETS CAN BE MANIPUATED BY THE CENTRAL BANKS...WE JUST NEVER THOUGHT IT WOULD BECOME ESTABLISHED POLICY...ESPECIALLY FOR THE FED AND THE DOLLAR...WHICH KEYNES SET UP AS THE "HOLY OF HOLIES" UNDER THE BRETTON WOODS AGREEMENT...
ALAS...BRETTON WOODS IS NOW HISTORY... NOT A SHREAD OF IT IS LEFT...ALTHOUGH THE "CONCEPT" STILL RULES US "FROM IT'S GRAVE" SO TO SPEAK...
KIND OF LIKE THE "DIVINE RIGHT OF KINGS" WHICH DOMINATED THE MIDDLE AGES THINKING... EVEN WHEN IT WAS NO LONGER IN PRACTICE...
FUTURE HISTORIANS WILL HAVE FUN WITH OUR LITTLE COMMODITIES ANOMALY... BUT MY HUNCH IS THAT IT'S ALL ABOUT THE MASSIVE PAPER ASSET PRICE BUBBLES...WHICH ARE EVEN NOW SLOWLY ENDING...AS THE DOLLAR COLLAPSES UNDER IT'S OWN DELUSIONAL THINKING...
WHAT SEEMS TO BE HAPPENING IS THAT SPECULATORS FLUSH WITH FED CASH ....WOULD RATHER HOLD PAPER THAN THE REAL ASSETS... SO THE PAPER VERSION OF THE COMMODITY IS ACTUALLY..."WORTH MORE" THAN THE REAL THING...EVEN UP TO THE SETTLEMENT DATE!!
AFTER ALL WHO WANTS A BOX CAR LOAD OF ROTTING PORK DEPOSITED ON THEIR FRONT LAWN!! FUCK NO! I'LL "PAY EXTRA" NOT TO DEAL WITH IT...!
I'D PAY EXTRA TO JUST HOLD THE PAPER...AND AVOID THE DAMN BOX CAR DELIVERY ALTOGETHER! AND THAT SEEMS TO ACTUALLY BE HAPPENING IN COMMODITIES NOW...
BUT THIS MEANS THAT "DEALING IN PAPER" PAYS A PREMIUM TO DEALING IN THE "REAL STUFF" WHICH IS WHAT THE COMMODITIES FUTURES MARKET WAS SUPPOSED TO DO!!
IT APPEARS THAT THE COMMODITIES MARKET IS NO MORE THAN A POKER GAME NOW... ONLY ROUGHLY ATTACHED TO THE "ACTUAL PRODUCT"... YOU MIGHT AS WILL BET ON A COCKROACH RACE...!! OR WAGER ON A FROG HOPPING CONTEST...!
THE REAL QUESTION IS WHY ARE THE ARBITRAGERS NOT GETTING INTO THE GAME...? I MEAN THIS LOOKS LIKE FREE MONEY...
WELL...WHO KNOWS...BUT I SUSPECT THAT IT IS NOT ONLY COMMODITIES THAT ARE MASSIVELY OUT OF WHACK NOW...
THE WHOLE FUCKIN MESS IS SCREWED UP BY THE BUBBLE MENTALITY OF THE PAST TEN OR TWENTY YEARS...!
I SUSPECT THAT THE "COMMODITIES ANOMALY" IS REALLY JUST A BIZARRE MANIFESTATION OF A DEEPER PROBLEM... NAMELY...
THE MASSIVE INFLATION IN PAPER ASSETS THAT HAS CHARACTERIZED OUR ERA...WHICH NOW SEEMS TO BE ENDING BADLY...
WE KNOW THAT MARKETS CAN BE MANIPUATED BY THE CENTRAL BANKS...WE JUST NEVER THOUGHT IT WOULD BECOME ESTABLISHED POLICY...ESPECIALLY FOR THE FED AND THE DOLLAR...WHICH KEYNES SET UP AS THE "HOLY OF HOLIES" UNDER THE BRETTON WOODS AGREEMENT...
ALAS...BRETTON WOODS IS NOW HISTORY... NOT A SHREAD OF IT IS LEFT...ALTHOUGH THE "CONCEPT" STILL RULES US "FROM IT'S GRAVE" SO TO SPEAK...
KIND OF LIKE THE "DIVINE RIGHT OF KINGS" WHICH DOMINATED THE MIDDLE AGES THINKING... EVEN WHEN IT WAS NO LONGER IN PRACTICE...
FUTURE HISTORIANS WILL HAVE FUN WITH OUR LITTLE COMMODITIES ANOMALY... BUT MY HUNCH IS THAT IT'S ALL ABOUT THE MASSIVE PAPER ASSET PRICE BUBBLES...WHICH ARE EVEN NOW SLOWLY ENDING...AS THE DOLLAR COLLAPSES UNDER IT'S OWN DELUSIONAL THINKING...
SHIA IRAQ ERUPTS...! SOUTHERN IRAQ IN CHAOS!!
THIS IS THE GREAT BATTLE OF THE WAR...
THE BATTLE TO FINISH OFF THE SHIA IN THE SOUTH...
AND RESTORE SUNNI RULE TO IRAQ...AS WE HAD PRIOR TO THE INVASION...
BUSH IS NOW "CORRECTING" HIS "MISTAKE"...ABOUT EMPOWERING THE SHIA AND THROUGH THEM THE IRANIANS...
WHETHER HE CAN PULL IT OFF...? I DOUBT IT...AND IT COULD END UP WITH THE US AND IT'S "GREEN ZONE" ALLIES...INVADING IRAN THIS SUMMER!!
HERE COMES THE NATIONAL SECURITY ISSUE JUST IN TIME FOR THE ELECTION...
CLEARLY THE REPUBLICANS NEED A CRISIS IN IRAQ TO STAY IN POWER IN WASHINGTON...AND I THINK THEY MAY HAVE FOUND ONE!!
THIS IS GOING TO BE VERY INTERESTING...
THE BATTLE TO FINISH OFF THE SHIA IN THE SOUTH...
AND RESTORE SUNNI RULE TO IRAQ...AS WE HAD PRIOR TO THE INVASION...
BUSH IS NOW "CORRECTING" HIS "MISTAKE"...ABOUT EMPOWERING THE SHIA AND THROUGH THEM THE IRANIANS...
WHETHER HE CAN PULL IT OFF...? I DOUBT IT...AND IT COULD END UP WITH THE US AND IT'S "GREEN ZONE" ALLIES...INVADING IRAN THIS SUMMER!!
HERE COMES THE NATIONAL SECURITY ISSUE JUST IN TIME FOR THE ELECTION...
CLEARLY THE REPUBLICANS NEED A CRISIS IN IRAQ TO STAY IN POWER IN WASHINGTON...AND I THINK THEY MAY HAVE FOUND ONE!!
THIS IS GOING TO BE VERY INTERESTING...
DOW IN STRAIGHT LINE RALLY TO 14,000....
NOTHING BAD CAN HAPPEN...
BECAUSE NOTHING BAD WILL BE ALLOWED TO HAPPEN... THE NOTION THAT THIS MARKET IS REAL IS NUTS... ITS ALL THEATER NOW...100% FICTION!
WE HAVE THE BERNANKE PUT ON STEROIDS...
RALLY HARD AND RALLY OFTEN....!!
I HAVE NEVER SEE A MARKET THAT WAS THIS CONTROLLED BY THE FED AND THE MARKET MASTERS... EVEN THE ILLUSION OF MARKET FORCES IS DEFUNCT.
THE FED HAS GIVEN WALL STREET A BLANK CHECK AND SAID: "RALLY!!" AND THE MARKET MASTERS SURE DON'T WANT TO FIGHT THE FED...!!
INFLATION IS NOT PART OF THE STORY.... BUT THE FACT THAT THE "REAL ECONOMY" IS NOT BENEFITING FROM THE BERNANKE FEDS LIQUIDITY FLUSH INDICATES THAT THE CONSUMER WILL BE PUNK...AND INFLATION AT THE RETAIL LEVEL LOWER.
RIGHT NOW THE FED IS TRYING DESPERATELY TO SEPERATE THE REAL AND THE FINANCIAL ECONOMIES...AND MAKE SURE THEY NEVER "MEET."
THIS IS TO SOME EXTEND THE "DREAM SCENARIO" FOR A CENTRAL BANKER...
THEY CAN PRINT MONEY...AND NONE OF IT MAKES IT INTO THE REAL ECONOMY TO CAUSE INFLATION...
THIS IS A FORMULA FOR MASSIVE ASSET INFLATION... AND THAT IS EXACTLY WHAT WE ARE GOING TO GET...
THE ONLY SLIPPERY STOP IS OIL...PER USUAL...BUT WE SEEM TO BE RELYING ON A DECREASE IN DEMAND...AND SOME HELP FROM OIL PRODUCERS TO GET AROUND THAT....
THIS COULD BE ANOTHER 200 TO 300 ON THE DOW TODAY...
BECAUSE NOTHING BAD WILL BE ALLOWED TO HAPPEN... THE NOTION THAT THIS MARKET IS REAL IS NUTS... ITS ALL THEATER NOW...100% FICTION!
WE HAVE THE BERNANKE PUT ON STEROIDS...
RALLY HARD AND RALLY OFTEN....!!
I HAVE NEVER SEE A MARKET THAT WAS THIS CONTROLLED BY THE FED AND THE MARKET MASTERS... EVEN THE ILLUSION OF MARKET FORCES IS DEFUNCT.
THE FED HAS GIVEN WALL STREET A BLANK CHECK AND SAID: "RALLY!!" AND THE MARKET MASTERS SURE DON'T WANT TO FIGHT THE FED...!!
INFLATION IS NOT PART OF THE STORY.... BUT THE FACT THAT THE "REAL ECONOMY" IS NOT BENEFITING FROM THE BERNANKE FEDS LIQUIDITY FLUSH INDICATES THAT THE CONSUMER WILL BE PUNK...AND INFLATION AT THE RETAIL LEVEL LOWER.
RIGHT NOW THE FED IS TRYING DESPERATELY TO SEPERATE THE REAL AND THE FINANCIAL ECONOMIES...AND MAKE SURE THEY NEVER "MEET."
THIS IS TO SOME EXTEND THE "DREAM SCENARIO" FOR A CENTRAL BANKER...
THEY CAN PRINT MONEY...AND NONE OF IT MAKES IT INTO THE REAL ECONOMY TO CAUSE INFLATION...
THIS IS A FORMULA FOR MASSIVE ASSET INFLATION... AND THAT IS EXACTLY WHAT WE ARE GOING TO GET...
THE ONLY SLIPPERY STOP IS OIL...PER USUAL...BUT WE SEEM TO BE RELYING ON A DECREASE IN DEMAND...AND SOME HELP FROM OIL PRODUCERS TO GET AROUND THAT....
THIS COULD BE ANOTHER 200 TO 300 ON THE DOW TODAY...
DOW HAPPY OR HUNGOVER...?
IT'S HARD TO TELL THESE DAYS...
THIS MARKET IS STILL PARTYING...
BUT THERE IS A TIRED EXPRESSION ON ITS FACE...
BUT DON'T WORRY ITS A WALL STREET ONLY PARTY AND YOU'RE NOT INVITED!
THIS NEW FED "PUNCH BOWL" IS ONLY FOR THE BONUS BABIES AND FRIENDS ON THE STREET.
THIS MARKET IS STILL PARTYING...
BUT THERE IS A TIRED EXPRESSION ON ITS FACE...
BUT DON'T WORRY ITS A WALL STREET ONLY PARTY AND YOU'RE NOT INVITED!
THIS NEW FED "PUNCH BOWL" IS ONLY FOR THE BONUS BABIES AND FRIENDS ON THE STREET.
Thursday, March 27, 2008
NOTHING BAD CAN HAPPEN...!
WHICH PART OF THAT DON'T THE FUCKIN' DUMB-OCRATS UNDERSTAND...!!
OK... THERE WILL BE AN OCASSIONAL DOWN DAY...AND THEN , WHAT THE FUCK....A BIG UP DAY TO MAKE IT UP..
NOTHING BAD CAN HAPPEN...! FEEL FREE...! THAT IS THE MESSAGE OF THE FED...
IT'S ALL UNDER CONTROL...!
OK... THERE WILL BE AN OCASSIONAL DOWN DAY...AND THEN , WHAT THE FUCK....A BIG UP DAY TO MAKE IT UP..
NOTHING BAD CAN HAPPEN...! FEEL FREE...! THAT IS THE MESSAGE OF THE FED...
IT'S ALL UNDER CONTROL...!
BOO...HOO...DOW... BUT...?
BUT DON'T WORRY ....IT'S ALL "CRASH PROOF" NOW...
RISE OR FALL..? IT MAKES NOW DIFFERENCE...
WE ARE CAPABLE OF LEARNING...YOU KNOW...
RISE OR FALL..? IT MAKES NOW DIFFERENCE...
WE ARE CAPABLE OF LEARNING...YOU KNOW...
BUSH'S WAR ON IRAQI SHIA STARTS...!!
THIS IS WHAT THE SAUDIS AND THE ISRAELIS WANT THEIR "GOLEM" TO DO NEXT...?
HIGH RISK OPERATION TO BE SURE...
ESSENTIALLY BUSH IS TRYING TO REVERSE HIS ORIGINAL MISTAKE OF PUTTING THE PRO-IRANIAN SHIA IN CHARGE OF THE GOVERNMENT IN IRAQ....
THE US NOW FAVORS A RETURN OF SECULAR SUNNIS TO RUN IRAQ...!
BACK TO THE FUTURE...
A "NEW SADDAM" WHO IS NICE TO AMERICANS KIND OF GUY...
THIS WAS ALL INEVITABLE...
VERY FEW THOUGHT THE IRAQI SHIA COULD RUN THEIR COUNTRY TO THE LIKING OF THE US AND ISRAEL...!
BUT WILL THE SHIA DOMINATED MILITARY...AGREE TO KILLING THEIR CO-RELIGIONISTS...TO HELP THE AMERICANS AND THE ISRAELIS WIN IN IRAQ...?
IN EFFECT FIGHTING TO PUT THE SUNNIS BACK INTO POWER AT THE REQUEST OF BUSH... AND HIS GREEN ZONE PUPPETS...?
I SEE MUCH TROUBLE AHEAD HERE... AND A SHIA ON SHIA CIVIL WAR...!
EVEN AS THE SUNNIS WAIT IN THE WINGS TO PICK UP THE PIECES AND BECOME THE NEW AMERICAN PUPPET GOVERNMENT IN THE GREEN ZONE...
HIGH RISK OPERATION TO BE SURE...
ESSENTIALLY BUSH IS TRYING TO REVERSE HIS ORIGINAL MISTAKE OF PUTTING THE PRO-IRANIAN SHIA IN CHARGE OF THE GOVERNMENT IN IRAQ....
THE US NOW FAVORS A RETURN OF SECULAR SUNNIS TO RUN IRAQ...!
BACK TO THE FUTURE...
A "NEW SADDAM" WHO IS NICE TO AMERICANS KIND OF GUY...
THIS WAS ALL INEVITABLE...
VERY FEW THOUGHT THE IRAQI SHIA COULD RUN THEIR COUNTRY TO THE LIKING OF THE US AND ISRAEL...!
BUT WILL THE SHIA DOMINATED MILITARY...AGREE TO KILLING THEIR CO-RELIGIONISTS...TO HELP THE AMERICANS AND THE ISRAELIS WIN IN IRAQ...?
IN EFFECT FIGHTING TO PUT THE SUNNIS BACK INTO POWER AT THE REQUEST OF BUSH... AND HIS GREEN ZONE PUPPETS...?
I SEE MUCH TROUBLE AHEAD HERE... AND A SHIA ON SHIA CIVIL WAR...!
EVEN AS THE SUNNIS WAIT IN THE WINGS TO PICK UP THE PIECES AND BECOME THE NEW AMERICAN PUPPET GOVERNMENT IN THE GREEN ZONE...
OIL ON A ROLL... IT AIN'T JUST STOCKS GOING UP!
STOCKS COULD TREAD WATER FOR A LONG TIME ... UP THEN DOWN...THE UP...ETC.
THE FED SUPPORT IS HOLDING PRICES UP... IF THAT "WEARS OFF" BERNANKE WILL CUT RATES AGAIN...AND AGAIN...AND....
BUT, THE UNDERLYING WEAK ECONOMY IS TENDING TO BRING STOCKS DOWN...
SO, THE GLASS IS BOTH HALF FULL AND HALF EMPTY....DEPENDING ON WHICH PUNDIT IS DOING THE TALKING...
THIS MARKET IS GOING NOWHERE...BUT REALLY FAST AS USUAL!
HOWEVER, THE MACRO RISKS REMAIN TO THE DOWNSIDE...LATER THIS YEAR.
THE FED SUPPORT IS HOLDING PRICES UP... IF THAT "WEARS OFF" BERNANKE WILL CUT RATES AGAIN...AND AGAIN...AND....
BUT, THE UNDERLYING WEAK ECONOMY IS TENDING TO BRING STOCKS DOWN...
SO, THE GLASS IS BOTH HALF FULL AND HALF EMPTY....DEPENDING ON WHICH PUNDIT IS DOING THE TALKING...
THIS MARKET IS GOING NOWHERE...BUT REALLY FAST AS USUAL!
HOWEVER, THE MACRO RISKS REMAIN TO THE DOWNSIDE...LATER THIS YEAR.
WHAT IF THE HOUSING PROBLEM IS DEMOGRAPHIC? or THE NEW P/E PROBLEM?
THE HOUSE SECTOR IS THE FOCUS OF EVERYONES ATTENTION... THE OVERHANG OF UNSOLD INVENTORY IS HUGE... AND THE BAD DEBT IS NEARLY OVERWHELMING...
MOST THINK THAT A "BAILOUT" WILL SOLVE THE PROBLEM.
LOWER RATES...LIBERALIZE TERMS AND VIOLA! PROBLEM SOLVED.
BUT CONSIDER:
THIS RECENT HOUSE MANIA HAD SOME DIFFERENT THINGS GOING ON...
THERE WAS MUCH SPECULATION...A HOUSE WAS AN EVER "APPRECIATING ASSET"....SAY 10% TO 20% PER YEAR...
AND...BETTER YET...YOU COULD ALWAYS "REFI" EVERY YEAR.
TAKE YOUR "PROFITS" OUT FOR "MAD MONEY"... AND OTHER PERSONAL SPENDING...! IT WAS LIKE HAVING ANOTHER PART TIME JOB FOR LUXURIES!
AND A LOT OF PEOPLE PLAYED THAT GAME...!
THEN, PRICES GOT SO HIGH THAT ONLY THOSE ALREADY "IN THE GAME" COULD AFFORD TO PLAY... AND LIKE ALL GOOD PONZI SCHEMES...HOUSING COLLAPSED FROM LACK OF NEW SUCKERS ENTERING THE SCHEME...
BUT THERE IS ANOTHER ASPECT... THE US IS AN AGING POPULATION...WITH MOST OF THE X-GENERATION WORKING AT STARBUCKS AND LIVING AT HOME...OR "WITH FRIENDS." AND FEW OF THEM WILL EVER BE ABEL TO AFFORD A HOUSE...AT CURRENT WAGE AND PRICE LEVELS...
YES, HOUSE PRICES ARE FALLING...BUT NOT FAST ENOUGH TO BRING THESE GEN-Xs INTO THE GAME... EVEN THE FEW "DINKS" AMONG THEM DO NOT HAVE STABLE ENOUGH INCOMES TO BUY A HOME...
YOU COULD CALL THIS OUR NEW P/E PROBLEM...!! THE PRICE OF THE HOUSE IS NOT IN LINE WITH NEW BUYERS EARNINGS!!
THERE ARE FOREIGNERS BUYING HOUSES WE ARE TOLD...AND THAT IS TRUE. BUT MOST OF THESE ARE PROFESSIONALS...AND THEY WILL NOT BE TAKEN IN BY THE "GREAT GAME" AGAIN...IF THEY ARE BURNED BADLY THIS TIME...AS MANY HAVE BEEN.
IN SHORT, THE DEMISE OF THE "SPECULATIVE BUYER" AND THE ABSENCES OF ANY QUALIFIED "REAL BUYERS" COULD DEPRESS HOUSING TO DEPRESSION LEVES...
MOST THINK THAT A "BAILOUT" WILL SOLVE THE PROBLEM.
LOWER RATES...LIBERALIZE TERMS AND VIOLA! PROBLEM SOLVED.
BUT CONSIDER:
THIS RECENT HOUSE MANIA HAD SOME DIFFERENT THINGS GOING ON...
THERE WAS MUCH SPECULATION...A HOUSE WAS AN EVER "APPRECIATING ASSET"....SAY 10% TO 20% PER YEAR...
AND...BETTER YET...YOU COULD ALWAYS "REFI" EVERY YEAR.
TAKE YOUR "PROFITS" OUT FOR "MAD MONEY"... AND OTHER PERSONAL SPENDING...! IT WAS LIKE HAVING ANOTHER PART TIME JOB FOR LUXURIES!
AND A LOT OF PEOPLE PLAYED THAT GAME...!
THEN, PRICES GOT SO HIGH THAT ONLY THOSE ALREADY "IN THE GAME" COULD AFFORD TO PLAY... AND LIKE ALL GOOD PONZI SCHEMES...HOUSING COLLAPSED FROM LACK OF NEW SUCKERS ENTERING THE SCHEME...
BUT THERE IS ANOTHER ASPECT... THE US IS AN AGING POPULATION...WITH MOST OF THE X-GENERATION WORKING AT STARBUCKS AND LIVING AT HOME...OR "WITH FRIENDS." AND FEW OF THEM WILL EVER BE ABEL TO AFFORD A HOUSE...AT CURRENT WAGE AND PRICE LEVELS...
YES, HOUSE PRICES ARE FALLING...BUT NOT FAST ENOUGH TO BRING THESE GEN-Xs INTO THE GAME... EVEN THE FEW "DINKS" AMONG THEM DO NOT HAVE STABLE ENOUGH INCOMES TO BUY A HOME...
YOU COULD CALL THIS OUR NEW P/E PROBLEM...!! THE PRICE OF THE HOUSE IS NOT IN LINE WITH NEW BUYERS EARNINGS!!
THERE ARE FOREIGNERS BUYING HOUSES WE ARE TOLD...AND THAT IS TRUE. BUT MOST OF THESE ARE PROFESSIONALS...AND THEY WILL NOT BE TAKEN IN BY THE "GREAT GAME" AGAIN...IF THEY ARE BURNED BADLY THIS TIME...AS MANY HAVE BEEN.
IN SHORT, THE DEMISE OF THE "SPECULATIVE BUYER" AND THE ABSENCES OF ANY QUALIFIED "REAL BUYERS" COULD DEPRESS HOUSING TO DEPRESSION LEVES...
Wednesday, March 26, 2008
AT THE DEN...
I FINALLY GOT TO MEET A WORKING CLASS REPUBLICAN AT A LOCAL BREW PUB IN THE COLLEGE TOWN I LIVE IN...
REPUBLICANS ARE A RARE BREED IN THESE PARTS...
IT'S INTERESTING HOW THEY WILL HOLD THEIR OPINIONS IN THE FACE OF ALL KINDS OF UNDENIABLE FACTS...
IT'S ALMOST AS IF THEY HAVE THEIR MINDS MAKE UP...AND NOTHING AT ALL CAN CHANGE THEM...
THEY WILL EVEN AGREE WITH YOU ON 98% OF ISSUES...BUT SOMEHOW THE BREAKER TRIPS WHEN IT COMES TO ACTUALLY SUPPORTING THE DEMOCRATIC CAUSE AND CANDIDATE...
I FEAR THAT THE MESSAGE OF OBAMA AND THE DEMOCRATS JUST CAN NOT PENETRATE THESE WORKING CLASS REPUBLICAN VOTERS...
IN A LOT OF CASES ITS' ALMOST A "SOCIAL THING" FOR THEM...A SMALL TOWN BIAS FOR REPUBLICANS...EVEN IF REPUBLICANS ARE THE PARTY OF WALL STREET...THEY REALLY DON'T WANT TO HEAR THIS...!
IT'S LIKE THERE ARE TWO REPUBLICAN PARTIES...AND THE TWO BRANCHES NEVER MEET...!!
AND GET THIS... THEY DON'T EVEN WANT TO MEET... THEY LIVE TO TWO DIFFERENT WORLDS...BUT "SHARE" THE SAME POLITICAL PARTY!! AMAZING!!
WHAT DOES A SMALL TOWN BUBBA REPUBLICAN HAVE IN COMMON WITH A WALL STREET BONUS BABY...? NOTHING!
THEY WILL SAY: I COULD NEVER VOTE DEMOCRAT BECAUSE OF THE PEOPLE I HANG OUT WITH...IN THIS TOWN...
GUN RIGHTS? TRADITIONAL MARRIAGE.... ALL THE SO CALLED SOCIAL ISSUES ARE FRONT AND CENTER WITH THESE SMALL TOWN "SOCIAL" REPUBLICANS...
AND THEY JUST CAN'T SEEM TO EVEN "SEE" THE BROADER ECONOMIC CONSEQUENCES OF WALL STREET REPUBLICANISM... THEY COMPLETELY DIVORCE POLITICS AND ECONOMICS... THE ARGUMENT GOES...WELL THE RICH WILL DO WHATEVER THEY WANT ANYWAY SO WHY SHOULD WE TRY TO STOP THEM... AND BESIDES...THEY PAY MY SALARY... AN AMAZING LACK OF CLASS CONSCIOUSNESS IN THE US...!!
IT'S THAT SORT OF THING... VERY CURIOUS...AND VERY BAD FOR DEMOCRATS IN THE FALL...
I DON'T THINK FOREIGNERS REALLY UNDERSTAND THIS "BUBBA REPUBLICAN" THING THAT WE HAVE IN THE US...
AND WORSE...I DON'T THINK THE DEMOCRATIC PARTY UNDERSTANDS IT EITHER...OTHERWISE THEY WOULD BE TARGETING THESE SMALL TOWN WORKING CLASS REPUBLICANS AS "JOB ONE!"
REPUBLICANS ARE A RARE BREED IN THESE PARTS...
IT'S INTERESTING HOW THEY WILL HOLD THEIR OPINIONS IN THE FACE OF ALL KINDS OF UNDENIABLE FACTS...
IT'S ALMOST AS IF THEY HAVE THEIR MINDS MAKE UP...AND NOTHING AT ALL CAN CHANGE THEM...
THEY WILL EVEN AGREE WITH YOU ON 98% OF ISSUES...BUT SOMEHOW THE BREAKER TRIPS WHEN IT COMES TO ACTUALLY SUPPORTING THE DEMOCRATIC CAUSE AND CANDIDATE...
I FEAR THAT THE MESSAGE OF OBAMA AND THE DEMOCRATS JUST CAN NOT PENETRATE THESE WORKING CLASS REPUBLICAN VOTERS...
IN A LOT OF CASES ITS' ALMOST A "SOCIAL THING" FOR THEM...A SMALL TOWN BIAS FOR REPUBLICANS...EVEN IF REPUBLICANS ARE THE PARTY OF WALL STREET...THEY REALLY DON'T WANT TO HEAR THIS...!
IT'S LIKE THERE ARE TWO REPUBLICAN PARTIES...AND THE TWO BRANCHES NEVER MEET...!!
AND GET THIS... THEY DON'T EVEN WANT TO MEET... THEY LIVE TO TWO DIFFERENT WORLDS...BUT "SHARE" THE SAME POLITICAL PARTY!! AMAZING!!
WHAT DOES A SMALL TOWN BUBBA REPUBLICAN HAVE IN COMMON WITH A WALL STREET BONUS BABY...? NOTHING!
THEY WILL SAY: I COULD NEVER VOTE DEMOCRAT BECAUSE OF THE PEOPLE I HANG OUT WITH...IN THIS TOWN...
GUN RIGHTS? TRADITIONAL MARRIAGE.... ALL THE SO CALLED SOCIAL ISSUES ARE FRONT AND CENTER WITH THESE SMALL TOWN "SOCIAL" REPUBLICANS...
AND THEY JUST CAN'T SEEM TO EVEN "SEE" THE BROADER ECONOMIC CONSEQUENCES OF WALL STREET REPUBLICANISM... THEY COMPLETELY DIVORCE POLITICS AND ECONOMICS... THE ARGUMENT GOES...WELL THE RICH WILL DO WHATEVER THEY WANT ANYWAY SO WHY SHOULD WE TRY TO STOP THEM... AND BESIDES...THEY PAY MY SALARY... AN AMAZING LACK OF CLASS CONSCIOUSNESS IN THE US...!!
IT'S THAT SORT OF THING... VERY CURIOUS...AND VERY BAD FOR DEMOCRATS IN THE FALL...
I DON'T THINK FOREIGNERS REALLY UNDERSTAND THIS "BUBBA REPUBLICAN" THING THAT WE HAVE IN THE US...
AND WORSE...I DON'T THINK THE DEMOCRATIC PARTY UNDERSTANDS IT EITHER...OTHERWISE THEY WOULD BE TARGETING THESE SMALL TOWN WORKING CLASS REPUBLICANS AS "JOB ONE!"
BEN SAVE WORLD...
IF BEN PRINTING MONEY CAN SAVE THE WORLD...
THE WORLD IS SAVED...
IF BEN PRINTING MONEY CAN NOT SAVE THE WORLD...
WELL....THAT IS THE BIG QUESTION ISN'T IT!?
STAY TUNED...
THE WORLD IS SAVED...
IF BEN PRINTING MONEY CAN NOT SAVE THE WORLD...
WELL....THAT IS THE BIG QUESTION ISN'T IT!?
STAY TUNED...
BERNANKE PUT SETS FLOOR UNDER STOCK PRICES...
I WOULD HAVE NO WORRIES ABOUT STOCK PRICES...THE BERNANKE PUT IS IN PLACE AND WILL NOT BE VIOLATED...
THAT SAID THE UP SIDE FOR GOLD AND OIL COULD BE CONSIDERABLE..
WE KNOW THAT THE MARKET IS "CRASH PROOF" FOR ALL PRACTICAL PURPOSES...THE LAST THING THE AMERICAN CONSUMER CAN HANDLE NOW IS A STOCK CRASH TO GO WITH THE HOUSE PRICE CRASH...
SO A STOCK CRASH IS COMPLETELY OUT OF THE QUESTION... YES THERE MAY BE SCARY MOMENTS...BUT THE FED WILL STEP IN A SAVE THE MARKETS NO MATER WHAT...
THE REAL TROUBLE WILL BE IN GOLD, OIL AND THE DOLLAR... BUT WALL STREET WILL NOT EVEN NOTICE THE COMING ECONOMIC DOWNTURN...
AFTER ALL THE INFLATION IN ASSETS IS BASED ON MONETARY POLICY...NOT THE REAL ECONOMY...
RALLY ON DUDES...!! OR PERHAPS TREAD WATER FOR A WHILE...
BUT GO DOWN...? NO NOT POSSIBLE NOW...
THAT'S WHAT THE BERNANKE FED IS THERE FOR ....
TO BAIL OUT THE MARKETS AT A "MOMENTUMS" NOTICE....!!
WE'VE ACTUALLY BEEN IN A CRASH PROOF MARKET FOR SOME TIME NOW... BUT NOW IS THE TIME WHEN WE WILL START TO APPRECIATE IT...!!
THAT SAID THE UP SIDE FOR GOLD AND OIL COULD BE CONSIDERABLE..
WE KNOW THAT THE MARKET IS "CRASH PROOF" FOR ALL PRACTICAL PURPOSES...THE LAST THING THE AMERICAN CONSUMER CAN HANDLE NOW IS A STOCK CRASH TO GO WITH THE HOUSE PRICE CRASH...
SO A STOCK CRASH IS COMPLETELY OUT OF THE QUESTION... YES THERE MAY BE SCARY MOMENTS...BUT THE FED WILL STEP IN A SAVE THE MARKETS NO MATER WHAT...
THE REAL TROUBLE WILL BE IN GOLD, OIL AND THE DOLLAR... BUT WALL STREET WILL NOT EVEN NOTICE THE COMING ECONOMIC DOWNTURN...
AFTER ALL THE INFLATION IN ASSETS IS BASED ON MONETARY POLICY...NOT THE REAL ECONOMY...
RALLY ON DUDES...!! OR PERHAPS TREAD WATER FOR A WHILE...
BUT GO DOWN...? NO NOT POSSIBLE NOW...
THAT'S WHAT THE BERNANKE FED IS THERE FOR ....
TO BAIL OUT THE MARKETS AT A "MOMENTUMS" NOTICE....!!
WE'VE ACTUALLY BEEN IN A CRASH PROOF MARKET FOR SOME TIME NOW... BUT NOW IS THE TIME WHEN WE WILL START TO APPRECIATE IT...!!
DOW PLUNGE IS FAKE...GOLD RISE IS NOT!!
BERNANKE CAN "RE-INFLATE" THE DOW AT WILL...
THE PROBLEM IS THAT HE WILL ALSO RE-INFLATE GOLD AND OIL...
SO BUY THE FED'S INFLATION ARGUMENT...
IT'S THE ONLY ONE THAT HOLDS WATER LONGER TERM...AND THAT IS HISTORICALLY ACCURATE...
THE PROBLEM IS THAT HE WILL ALSO RE-INFLATE GOLD AND OIL...
SO BUY THE FED'S INFLATION ARGUMENT...
IT'S THE ONLY ONE THAT HOLDS WATER LONGER TERM...AND THAT IS HISTORICALLY ACCURATE...
NO FACTORY ORDERS WITHOUT FACTORIES...
THEY KEEP TALKING ABOUT AMERICAN "FACTORY ORDERS"...
WHAT FACTORIES...?
CAN ANYONE ACTUALLY FIND AN AMERICAN FACTORY ANYMORE...
(OTHER THAN THOSE THAT THE JAPANESE MOVED HERE IN THE 80'S WHEN THEY THOUGHT CONGRESS WOULD GO PROTECTIONIST...?)
YOU NEVER HEAR THE WORD "DE-INDUSTRIALIZATION" IN THE AMERICAN FINANCIAL MEDIA... NEVER...
BUT YOU SEE THE SHADOWS OF IT EVERY MONTH IN THE EMPLOYMENT REPORT....
THE BIGGEST PROBLEM IN THE US NOW...IS THAT SOME VERY VERY BIG ISSUES ARE STILL DEEMED "UN-DISCUSSABLE" IN THE AMERICAN MEDIA...
WE JUST DON'T WANT TO TALK ABOUT IT...
THE IMPORTANT STUFF...THAT IS!! LIKE THE TRADE DEFICIT, POOR JOBS, NO NATIONAL HEALTH CARE PLAN....
ALTHOUGH THE NEOCONS WHERE VERY GENEROUS BY PROVIDING A NATIONAL HEALTH INSURANCE PROGRAM FOR THE IRAQIS...!!
AT US TAXPAYER EXPENSE!!
WHAT FACTORIES...?
CAN ANYONE ACTUALLY FIND AN AMERICAN FACTORY ANYMORE...
(OTHER THAN THOSE THAT THE JAPANESE MOVED HERE IN THE 80'S WHEN THEY THOUGHT CONGRESS WOULD GO PROTECTIONIST...?)
YOU NEVER HEAR THE WORD "DE-INDUSTRIALIZATION" IN THE AMERICAN FINANCIAL MEDIA... NEVER...
BUT YOU SEE THE SHADOWS OF IT EVERY MONTH IN THE EMPLOYMENT REPORT....
THE BIGGEST PROBLEM IN THE US NOW...IS THAT SOME VERY VERY BIG ISSUES ARE STILL DEEMED "UN-DISCUSSABLE" IN THE AMERICAN MEDIA...
WE JUST DON'T WANT TO TALK ABOUT IT...
THE IMPORTANT STUFF...THAT IS!! LIKE THE TRADE DEFICIT, POOR JOBS, NO NATIONAL HEALTH CARE PLAN....
ALTHOUGH THE NEOCONS WHERE VERY GENEROUS BY PROVIDING A NATIONAL HEALTH INSURANCE PROGRAM FOR THE IRAQIS...!!
AT US TAXPAYER EXPENSE!!
FORD SELLS OUT TO INDIA!!
BITS AND PIECES WILL GO HERE AND THERE... UNTIL THERE IS NOTHING LEFT.
BUT Shhhhh.... IT'S SUPPOSED TO BE A SECRET...
BUT Shhhhh.... IT'S SUPPOSED TO BE A SECRET...
FED PUTS A "FLOOR" UNDER STOCK PRICES...
THE CRASH PROOF MARKETS SHOULD BE A GREAT BENEFIT TO WALL STREET THIS YEAR...
THE FED HAS BASICALLY PROMISED NOT TO LET ASSET PRICES FALL...AT LEAST NOT PAPER ASSET PRICES...THOSE HELD BY THE BIG BANKS...
NOW WHETHER SOME FAT BUBBA IN FLY OVER COUNTRY LOSES HIS HOUSE IS ANOTHER MATTER... EVENTUALLY THE BANKS AND THE FED WILL ABSORB THAT...AND BUBBA CAN JUST GO ON RENT!
ORDINARY AMERICANS CAN EXPECT NO RELIEF FROM WASHINGTON OR WALL STREET IN THE COMING YEARS...
THAT'S WHY GAY MARRIAGE IS SO IMPORTANT...WALL STREET NEEDS CONSTANT DISTRACTIONS TO KEEP THE PUBLIC LATHERED UP ABOUT PHONEY ISSUES... THAT'S WHAT RUSH AND AM HATE RADIO ARE SUPPOSED TO HANDLE... AND DON'T WORRY...RUSH IS UP TO THE JOB...EVEN NOW!
THE BOTTOM LINE IS THAT THE MARKETS ARE NOW CRASH PROOF... THE FED HAS SPOKEN...NOTHING TOO BAD CAN HAPPEN TO ASSET VALUES...THEY WILL BE INFLATED BY THE FED AS NEEDED TO GIVE THE APPEARANCE OF STABILITY...
SO YOUR 401K IS COMPLETELY SAFE IN BERNANKE'S HANDS...!
AS LONG AS YOU DON'T SPEND IT ON LUXURIES LIKE RENT AND PIZZAS...!
THE FED HAS BASICALLY PROMISED NOT TO LET ASSET PRICES FALL...AT LEAST NOT PAPER ASSET PRICES...THOSE HELD BY THE BIG BANKS...
NOW WHETHER SOME FAT BUBBA IN FLY OVER COUNTRY LOSES HIS HOUSE IS ANOTHER MATTER... EVENTUALLY THE BANKS AND THE FED WILL ABSORB THAT...AND BUBBA CAN JUST GO ON RENT!
ORDINARY AMERICANS CAN EXPECT NO RELIEF FROM WASHINGTON OR WALL STREET IN THE COMING YEARS...
THAT'S WHY GAY MARRIAGE IS SO IMPORTANT...WALL STREET NEEDS CONSTANT DISTRACTIONS TO KEEP THE PUBLIC LATHERED UP ABOUT PHONEY ISSUES... THAT'S WHAT RUSH AND AM HATE RADIO ARE SUPPOSED TO HANDLE... AND DON'T WORRY...RUSH IS UP TO THE JOB...EVEN NOW!
THE BOTTOM LINE IS THAT THE MARKETS ARE NOW CRASH PROOF... THE FED HAS SPOKEN...NOTHING TOO BAD CAN HAPPEN TO ASSET VALUES...THEY WILL BE INFLATED BY THE FED AS NEEDED TO GIVE THE APPEARANCE OF STABILITY...
SO YOUR 401K IS COMPLETELY SAFE IN BERNANKE'S HANDS...!
AS LONG AS YOU DON'T SPEND IT ON LUXURIES LIKE RENT AND PIZZAS...!
DOW: NOTHING BUT BLUE SKYS FROM NOW ON...!
DON'T BE DEKED BY THE SOFT MARKET BULLSHIT...
THE FED HAS IT'S POLICY IN PLACE...
AND THAT IS TO STUFF WALL STREET WITH CASH UNTIL ASSET PRICE RISE AGAIN...
NOW THE DOLLAR MAY GO DOWN WITH ALL THIS MONEY PRINTING...BUT THAT'S THE PRICE YOU PAY FOR "SAVING ASSET PRICES." ....AND THE BANKS THAT OWN THEM!
THE "NOMINAL" VALUE OF PAPER ASSETS IS ALL THE FED IS WORRIED ABOUT NOW... AFTER ALL DEBTS ARE REPAID...IN "NOMINAL" DOLLARS NOT INFLATION ADJUSTED DOLLARS. AND RIGHT NOW IN AMERICA REPAYMENT OF DEBT IS THE MOST IMPORTANT THING ON THE FED'S AGENDA.
WHETHER $100 IS ONLY "REALLY" WORTH $50 IN THE FUTURE IS OF NO CONCERN TO THE BERNANKE FED....
THE ILLUSION OF SOLVENCY AND ASSET INFLATION IS ALL THAT MATTERS.
YES THERE WILL BE "TECHNICAL" PULL BACKS...PERHAPS AS TODAY...SO THE MARKET MASTERS CAN BALANCE THEIR TRADING BOOKS...
BUT KNOW THIS....THE MARKET WILL NOT FALL!
IT WON'T GO UP MUCH...BUT THE US MARKET IS COMPLETELY "CRASH PROOF" NOW.
CRASHES ARE SO...WELL....20TH CENTURY. THEY ARE REALLY UNNEEDED AND UNECESSARY IN TODAY "MANAGED MARKET" ENVIRONMENT...
MONEY CAN BE PRINTED....TO USE THE 20TH CENTURY PHRASE...AND ASSET VALUES CAN BE "ADJUSTED" TO GIVE THE APPEARANCE OF STABILITY.
THE ONLY PLACE TO "SEE" WHAT'S REALLY HAPPENING WILL BE AT YOUR LOCAL GAS PUMP...AND PERHAPS LATER NEXT YEAR AT YOUR LOCAL WALMART...
AS THE DOLLAR IS "SECRETLY" DEVALUED TO "ASSIST" THE BANKS WITH THEIR DEBT PROBLEM...THE PRICE OF OIL WILL RISE...
THE GOLD BASHING HELPS TO DISGUISE THIS...AND EVEN SLOW IT DOWN FOR A WHILE... BUT NOTHING CAN STOP OUR WIEMAR FED FROM IT'S APPOINTED TASK...
DEVALUING THE DOLLAR...WITHOUT ANYONE TAKING NOTICE...!
AND THEY HAVE PULLED IT OFF SO FAR...
OF COURSE THE RURAL BUBBAS CAN'T GET TO THE WALMART IN THE FORD F150 ANYMORE...
BUT NO MATTER...THEY DON'T HAVE MONEY TO SPEND ANYHOW...
NOT A PROBLEM...!!
THE FED HAS IT'S POLICY IN PLACE...
AND THAT IS TO STUFF WALL STREET WITH CASH UNTIL ASSET PRICE RISE AGAIN...
NOW THE DOLLAR MAY GO DOWN WITH ALL THIS MONEY PRINTING...BUT THAT'S THE PRICE YOU PAY FOR "SAVING ASSET PRICES." ....AND THE BANKS THAT OWN THEM!
THE "NOMINAL" VALUE OF PAPER ASSETS IS ALL THE FED IS WORRIED ABOUT NOW... AFTER ALL DEBTS ARE REPAID...IN "NOMINAL" DOLLARS NOT INFLATION ADJUSTED DOLLARS. AND RIGHT NOW IN AMERICA REPAYMENT OF DEBT IS THE MOST IMPORTANT THING ON THE FED'S AGENDA.
WHETHER $100 IS ONLY "REALLY" WORTH $50 IN THE FUTURE IS OF NO CONCERN TO THE BERNANKE FED....
THE ILLUSION OF SOLVENCY AND ASSET INFLATION IS ALL THAT MATTERS.
YES THERE WILL BE "TECHNICAL" PULL BACKS...PERHAPS AS TODAY...SO THE MARKET MASTERS CAN BALANCE THEIR TRADING BOOKS...
BUT KNOW THIS....THE MARKET WILL NOT FALL!
IT WON'T GO UP MUCH...BUT THE US MARKET IS COMPLETELY "CRASH PROOF" NOW.
CRASHES ARE SO...WELL....20TH CENTURY. THEY ARE REALLY UNNEEDED AND UNECESSARY IN TODAY "MANAGED MARKET" ENVIRONMENT...
MONEY CAN BE PRINTED....TO USE THE 20TH CENTURY PHRASE...AND ASSET VALUES CAN BE "ADJUSTED" TO GIVE THE APPEARANCE OF STABILITY.
THE ONLY PLACE TO "SEE" WHAT'S REALLY HAPPENING WILL BE AT YOUR LOCAL GAS PUMP...AND PERHAPS LATER NEXT YEAR AT YOUR LOCAL WALMART...
AS THE DOLLAR IS "SECRETLY" DEVALUED TO "ASSIST" THE BANKS WITH THEIR DEBT PROBLEM...THE PRICE OF OIL WILL RISE...
THE GOLD BASHING HELPS TO DISGUISE THIS...AND EVEN SLOW IT DOWN FOR A WHILE... BUT NOTHING CAN STOP OUR WIEMAR FED FROM IT'S APPOINTED TASK...
DEVALUING THE DOLLAR...WITHOUT ANYONE TAKING NOTICE...!
AND THEY HAVE PULLED IT OFF SO FAR...
OF COURSE THE RURAL BUBBAS CAN'T GET TO THE WALMART IN THE FORD F150 ANYMORE...
BUT NO MATTER...THEY DON'T HAVE MONEY TO SPEND ANYHOW...
NOT A PROBLEM...!!
Tuesday, March 25, 2008
US CONSUMER IS TOTALLY WHIPPED!! GOOD FOR STOCKS AND BONDS!!
RATES CAN STAY LOW...AND THE FED CAN KEEP STUFFING MONEY INTO THE BIG INVESTMENT BANKS...
HOUSING WILL NOT "COME BACK"...
BUT WITH STOCKS IN ORBIT LATER THIS YEAR...NO ONE WILL REALLY CARE...
THE WHOLE IDEA OF A REAL ESTATE BUBBLE WAS A BIT RISKY FOR WALL STREET ANYWAY... MOST ON THE STREET SHOULD BE GLAD IT'S OUT OF THE PICTURE NOW...AND THEY DON'T HAVE TO RELY ON THE "GREAT UNWASHED" TO PUSH THE US MARKETS HIGHER...
THE FED CAN DO THAT JOB FOR THE REST OF THIS YEAR...
HOUSING WILL NOT "COME BACK"...
BUT WITH STOCKS IN ORBIT LATER THIS YEAR...NO ONE WILL REALLY CARE...
THE WHOLE IDEA OF A REAL ESTATE BUBBLE WAS A BIT RISKY FOR WALL STREET ANYWAY... MOST ON THE STREET SHOULD BE GLAD IT'S OUT OF THE PICTURE NOW...AND THEY DON'T HAVE TO RELY ON THE "GREAT UNWASHED" TO PUSH THE US MARKETS HIGHER...
THE FED CAN DO THAT JOB FOR THE REST OF THIS YEAR...
WALL STREET HAS BEEN DE-COUPLED FROM THE REAL ECONOMY
STOCKS CAN NOW RISE NO MATTER WHAT THE REAL ECONOMY DOES...
THE REAL ECONOMY NEVER WAS THAT IMPORTANT...TO STOCKS.
BUT RECENTLY WE HAVE BEEN LOOKING AT THE CONSUMER AND THE HOUSING NUMBERS...
AND THAT TEMPORARILY DISTRACTED THE STREET FROM IT'S REAL JOB...WHICH IS PAPER ASSET INFLATION TOTALLY WITHOUT REGARD TO WHAT'S GOING ON IN THE REAL ECONOMY...
WE ARE BACK TO WHAT HAS PASSED FOR NORMAL FOR THE LAST TEN YEARS OR SO...
NO PROBLEMS ON WALL STREET FOR THE FORESEEABLE FUTURE!!
BUT THE FED SIMPLY MUST KEEP THE GOLD BASHING TRADE GOING...NO MATTER WHAT...
ANY RETURN TO GOLD BUYING WILL STOP THIS NEW BULL MARKET IN IT'S TRACKS... THIS MARKET IS COMPLETELY DEPENDANT ON THE FED LOWERING RATES AT THE SAME TIME IT BASHES GOLD BIG TIME...
ANY UP CREEP IN GOLD WILL START TO TAKE STOCKS DOWN...FOR SURE.
THE REAL ECONOMY NEVER WAS THAT IMPORTANT...TO STOCKS.
BUT RECENTLY WE HAVE BEEN LOOKING AT THE CONSUMER AND THE HOUSING NUMBERS...
AND THAT TEMPORARILY DISTRACTED THE STREET FROM IT'S REAL JOB...WHICH IS PAPER ASSET INFLATION TOTALLY WITHOUT REGARD TO WHAT'S GOING ON IN THE REAL ECONOMY...
WE ARE BACK TO WHAT HAS PASSED FOR NORMAL FOR THE LAST TEN YEARS OR SO...
NO PROBLEMS ON WALL STREET FOR THE FORESEEABLE FUTURE!!
BUT THE FED SIMPLY MUST KEEP THE GOLD BASHING TRADE GOING...NO MATTER WHAT...
ANY RETURN TO GOLD BUYING WILL STOP THIS NEW BULL MARKET IN IT'S TRACKS... THIS MARKET IS COMPLETELY DEPENDANT ON THE FED LOWERING RATES AT THE SAME TIME IT BASHES GOLD BIG TIME...
ANY UP CREEP IN GOLD WILL START TO TAKE STOCKS DOWN...FOR SURE.
FUTURES WILL SOAR ON FEDS "HAPPY DAZE!"
LETS PUT IT THIS WAY...THIS MARKET EITHER GOES UP OR ELSE IT'S BIG TROUBLE FOR THE US ECONOMY... BUT THE STREET IS SO FLUSH WITH CASH NOW THAT IT DOESN'T EVEN NEED "THE SUCKERS" ANYMORE...
WALL STREET CAN NOW "MAKE IT'S OWN GRAVY!"
WE HAD OUR LITTLE...DOOMSDAY PERIOD...AND THE FED IS BACK IN THE MONEY PRINTING BUSINESS... AND THE GOLD BUGS ARE BACK ON THEIR WATER BOARD...SCREAMING TO REPENT!!
ITS TIME TO PARTY LIKE IT'S 1999!!
TO BE SURE, THE DOLLAR MAY CRASH...BUT BERNANKE HAS TOLD US HE JUST DOESN'T CARE...
AND THE PLUNGE IN THE CONSUMER NUMBERS ALONG WITH MORE CHINESE IMPORTS WILL "HANDLE" THE INFLATION PROBLEM FOR THE REST OF THIS YEAR...
NEXT YEAR...WITH THE DOLLAR AT 180 ON THE EURO....AND OIL AT $120 AND GOLD AT $1200..?
WELL THAT'S NEXT YEARS STORY...
RIGHT NOW THE WALL STREET FANTASY LAND IS ALIVE AND WELL...AND THE SKY'S THE LIMIT!
DOW 14,000 BY MEMORIAL DAY!!
WALL STREET CAN NOW "MAKE IT'S OWN GRAVY!"
WE HAD OUR LITTLE...DOOMSDAY PERIOD...AND THE FED IS BACK IN THE MONEY PRINTING BUSINESS... AND THE GOLD BUGS ARE BACK ON THEIR WATER BOARD...SCREAMING TO REPENT!!
ITS TIME TO PARTY LIKE IT'S 1999!!
TO BE SURE, THE DOLLAR MAY CRASH...BUT BERNANKE HAS TOLD US HE JUST DOESN'T CARE...
AND THE PLUNGE IN THE CONSUMER NUMBERS ALONG WITH MORE CHINESE IMPORTS WILL "HANDLE" THE INFLATION PROBLEM FOR THE REST OF THIS YEAR...
NEXT YEAR...WITH THE DOLLAR AT 180 ON THE EURO....AND OIL AT $120 AND GOLD AT $1200..?
WELL THAT'S NEXT YEARS STORY...
RIGHT NOW THE WALL STREET FANTASY LAND IS ALIVE AND WELL...AND THE SKY'S THE LIMIT!
DOW 14,000 BY MEMORIAL DAY!!
WALL STREET STUFFED WITH CASH....!!
THE NOTION THAT THE MARKET WILL CRASH WITH WALL STREET BANKS NOW STUFFED WITH NEWLY PRINTED DOLLARS...IS A BIT NUTS...
THE STREET IS FLUSH WITH FED CASH NOW...AND CAN RALLY INDEFINITELY AND AT WILL.
I DO NOT SEE ANY PROBLEM FOR THE DOW OR WALL STREET GOING FORWARD...
WE ARE IN A NEW LIQUIDITY DRIVEN BULL MARKET THAT IS TOTALLY DIVORCED FROM THE REAL ECONOMY...
IT REALLY MAKES NO DIFFERENCE WHAT JOE SIX PACK...DOES OR THINKS...
THIS MARKET IS GOING TO THE MOON!!
NOW THE DOLLAR MAY PLUNGE AGAIN...BUT THAT'S A DIFFERENT STORY...
RALLY ON!! WE ARE IN A NEW BULL MARKET OF THE FED'S MAKING...!!
THE ACTIONS OF THE FED OVER THE PAST MONTH ALMOST GUARANTEE THAT THE MARKETS WILL RISE...AND STOCKS WILL GO UP...
WOULD I BUY IT...? NO. IT'S TOO SUBJECT TO INTERNAL AND EXTERNAL SHOCKS...
BERNANKE CAN CONTROL LIQUIDITY IN THE MARKET BUT HE CAN NOT CONTROL EVERY ASPECT OF THE MARKETS INCLUDING THE NEED FOR SOME NERVOUS NELLIES TO TAKE PROFITS AND RUN!
THIS IS ALL ABOUT RE-INFLATING ASSETS...SO THE INVESTMENT BANKS CAN STAY SOLVENT...
AND WE AREN'T GOING BACK TO REALITY BASED ASSET PRICING ANY TIME SOON...
RALLY ON...!!
THE STREET IS FLUSH WITH FED CASH NOW...AND CAN RALLY INDEFINITELY AND AT WILL.
I DO NOT SEE ANY PROBLEM FOR THE DOW OR WALL STREET GOING FORWARD...
WE ARE IN A NEW LIQUIDITY DRIVEN BULL MARKET THAT IS TOTALLY DIVORCED FROM THE REAL ECONOMY...
IT REALLY MAKES NO DIFFERENCE WHAT JOE SIX PACK...DOES OR THINKS...
THIS MARKET IS GOING TO THE MOON!!
NOW THE DOLLAR MAY PLUNGE AGAIN...BUT THAT'S A DIFFERENT STORY...
RALLY ON!! WE ARE IN A NEW BULL MARKET OF THE FED'S MAKING...!!
THE ACTIONS OF THE FED OVER THE PAST MONTH ALMOST GUARANTEE THAT THE MARKETS WILL RISE...AND STOCKS WILL GO UP...
WOULD I BUY IT...? NO. IT'S TOO SUBJECT TO INTERNAL AND EXTERNAL SHOCKS...
BERNANKE CAN CONTROL LIQUIDITY IN THE MARKET BUT HE CAN NOT CONTROL EVERY ASPECT OF THE MARKETS INCLUDING THE NEED FOR SOME NERVOUS NELLIES TO TAKE PROFITS AND RUN!
THIS IS ALL ABOUT RE-INFLATING ASSETS...SO THE INVESTMENT BANKS CAN STAY SOLVENT...
AND WE AREN'T GOING BACK TO REALITY BASED ASSET PRICING ANY TIME SOON...
RALLY ON...!!
THE DOW...? YEAH...WHATEVER!
IT'S ALL FAKE ANYWAY...
IT CAN JUST SIMPLY DISAPPEAR TOMORROW...
THE AMERICAN MARKETS ARE ONLY WORKS OF FICTION NOWADAZE!!
IT CAN JUST SIMPLY DISAPPEAR TOMORROW...
THE AMERICAN MARKETS ARE ONLY WORKS OF FICTION NOWADAZE!!
THE SHIITES HIT THE FAN IN IRAQ...!!
MY QUESTION IS WHAT TOOK THEM SO LONG...
EVERYONE KNEW IT WAS COMING TO THIS!!
EXCEPT THE NEOCONS AND THEIR MORONIC GOLEM IN THE WHITE HOUSE!!
EVERYONE KNEW IT WAS COMING TO THIS!!
EXCEPT THE NEOCONS AND THEIR MORONIC GOLEM IN THE WHITE HOUSE!!
IRAQIS REVOLT AGAINST THE BUSH OCCUPATION!!!
THE LONG EXPECT REVOLT AGAINST
THE BUSH/NEOCON OCCUPATION OF IRAQ....
HAS STARTED!!!
THE BUSH/NEOCON OCCUPATION OF IRAQ....
HAS STARTED!!!
BERNANKE "WATER BOARDS" GOLD BUGS...EVEN AS ECONOMY REVERTS TO 1973!!
MAYBE VOLCKER SHOULD HAVE USED WATER BOARDING...
WELL I SUPPOSE THE BROKERS THOUGHT HE DID...
WELL I SUPPOSE THE BROKERS THOUGHT HE DID...
DOW DOWN DRAFT TECHNICAL...3PM SURGE INEVITABLE!!
ITS TOO EARLY TO DO A "RE-THINK" ON THE FED'S NEW PLAN...
THIS MARKET HAS TO RALLY LATE... WE DON'T WHAT TO LET THE GOLD BUGS OFF THEIR "WATER BOARD" JUST YET...!!
THIS MARKET HAS TO RALLY LATE... WE DON'T WHAT TO LET THE GOLD BUGS OFF THEIR "WATER BOARD" JUST YET...!!
BEN PUTS PEDAL TO THE METAL...
I CAN HEAR THE GEARS STRIPPING EVEN NOW...
DID BEN EVER LEARN TO DRIVE A STICK SHIFT...?
AS OUR RESIDENT EXPERT ON "DEPRESSION ECONOMICS" WIEMAR BEN IS IN AN HISTORIC POSITION---FINALLY TO PUT IN PRACTICE WHAT HE HAS BEEN STUDYING FOR SO MANY YEARS...
THE PROBLEM IS...AS I HAVE NOTED... THE ECONOMY IS NOT CAPABLE OF BEING REPRESENTED ON AN "x-y" AXIS...
AND SOME GRAPHS AND CHARTS CAN EVEN BE DANGEROUSLY MISLEADING....
MY BIG ARGUMENT WITH ACADEMIC TYPES IS THAT THEY LIVE IN THEIR OWN LITTLE TENURED WORLD .... WHICH HAS "RULES" ABOUT HOW TO ACT...WHAT TO SAY...HOW TO APPEAR "NUANCED" WHEN YOU'RE REALLY JUST BEING AN ASSHOLE AND A PRICK ABOUT THINGS....
ONE THING THE LATE MR BUCKLEY HAD RIGHT IS THAT I'D RATHER BE GOVERNED BY THE FIRST TEN NAMES IN THE BOSTON PHONE BOOK...THAN BY THE ECON AND BUSINESS SCHOOL "DONS" AT HARVARD...!
WHAT IS NEEDED IS BIG PICTURE THINKING...BECAUSE YOU CAN'T "X-Y" THE BIG PICTURE...
IT'S GOT TO BE MORE OF AN HOLOGRAM...AN INTUITION EVEN...A "SIXTH SENSE"...WHICH ALL CREATIVE PEOPLE HAVE...WHETHER IN BUSINESS OR IN THE ARTS.
ONE THING ACADEMICS LACK ARE THESE MORE PRIMITIVE SENSES OF INTUITION AND STREET SMARTS... OR LET'S JUST CALL IT: "OBAMA THINK."
THE PhD PROGRAMS PRETTY MUCH BEAT THAT OUT OF THEM EARLY ON...
AND ONLY THE DULLEST AND MOST FROZEN SHIT-HEADS MOVE UP...
NEED PROOF:
HAS A PhD IN CREATIVE WRITING EVER WON THE NOBEL PRIZE IN LITERATURE...! NO FUCKIN' WAY!!
OR FOUNDED A MEGA-BUSINESS...?
(SURE...THEY ARE HIRED BY THE FOURNDERS LATER TO "RUN THE BUSINESS INTO THE GROUND" FOR THE SECOND GENERATION OWNERS... BUT WHAT THE FUCK GOOD IS THAT!)
REMEMBER EVEN BILL GATES WAS A HARVARD DROP OUT!! AND IF HE HADN'T DROPPED OUT...
HE PROBABLY BE ONE OF THE SALARIED FAT ASS SHIT HEADS TELLING US WHAT TO DO NOW...!!
DID BEN EVER LEARN TO DRIVE A STICK SHIFT...?
AS OUR RESIDENT EXPERT ON "DEPRESSION ECONOMICS" WIEMAR BEN IS IN AN HISTORIC POSITION---FINALLY TO PUT IN PRACTICE WHAT HE HAS BEEN STUDYING FOR SO MANY YEARS...
THE PROBLEM IS...AS I HAVE NOTED... THE ECONOMY IS NOT CAPABLE OF BEING REPRESENTED ON AN "x-y" AXIS...
AND SOME GRAPHS AND CHARTS CAN EVEN BE DANGEROUSLY MISLEADING....
MY BIG ARGUMENT WITH ACADEMIC TYPES IS THAT THEY LIVE IN THEIR OWN LITTLE TENURED WORLD .... WHICH HAS "RULES" ABOUT HOW TO ACT...WHAT TO SAY...HOW TO APPEAR "NUANCED" WHEN YOU'RE REALLY JUST BEING AN ASSHOLE AND A PRICK ABOUT THINGS....
ONE THING THE LATE MR BUCKLEY HAD RIGHT IS THAT I'D RATHER BE GOVERNED BY THE FIRST TEN NAMES IN THE BOSTON PHONE BOOK...THAN BY THE ECON AND BUSINESS SCHOOL "DONS" AT HARVARD...!
WHAT IS NEEDED IS BIG PICTURE THINKING...BECAUSE YOU CAN'T "X-Y" THE BIG PICTURE...
IT'S GOT TO BE MORE OF AN HOLOGRAM...AN INTUITION EVEN...A "SIXTH SENSE"...WHICH ALL CREATIVE PEOPLE HAVE...WHETHER IN BUSINESS OR IN THE ARTS.
ONE THING ACADEMICS LACK ARE THESE MORE PRIMITIVE SENSES OF INTUITION AND STREET SMARTS... OR LET'S JUST CALL IT: "OBAMA THINK."
THE PhD PROGRAMS PRETTY MUCH BEAT THAT OUT OF THEM EARLY ON...
AND ONLY THE DULLEST AND MOST FROZEN SHIT-HEADS MOVE UP...
NEED PROOF:
HAS A PhD IN CREATIVE WRITING EVER WON THE NOBEL PRIZE IN LITERATURE...! NO FUCKIN' WAY!!
OR FOUNDED A MEGA-BUSINESS...?
(SURE...THEY ARE HIRED BY THE FOURNDERS LATER TO "RUN THE BUSINESS INTO THE GROUND" FOR THE SECOND GENERATION OWNERS... BUT WHAT THE FUCK GOOD IS THAT!)
REMEMBER EVEN BILL GATES WAS A HARVARD DROP OUT!! AND IF HE HADN'T DROPPED OUT...
HE PROBABLY BE ONE OF THE SALARIED FAT ASS SHIT HEADS TELLING US WHAT TO DO NOW...!!
US MARKETS BECOME THEATRE OF THE ABSURD
WITH THE NEW YORK BANKS LITERALLY STUFFED WITH NEWLY PRINTED DOLLARS FROM OUR WIEMAR FED...
WHY SHOULD ASSET PRICES DROP...ANYWHERE...ANYTIME...? I DON'T SEE IT...
IF YOU WORK ON THE ASSUMPTION THAT PRINTING MONEY SOLVES THE PROBLEM...WE ARE ON THE VERGE OF ENTERING A NEW ECONOMIC PARADISE!
NOW...THE SPELL COULD BREAK... THE CURTAIN MIGHT FALL UNEXPECTEDLY...YOU NEVER KNOW.
CAN THE REAL ECONOMY BECOME COMPLETELY DIVORCED FROM THE "DOG AND PHONY SHOW" ON WALL STREET...?
WELL WHY NOT IT HAS BEEN FOR THE LAST 20 YEARS... WHY STOP NOW...?
WHY SHOULD ASSET PRICES DROP...ANYWHERE...ANYTIME...? I DON'T SEE IT...
IF YOU WORK ON THE ASSUMPTION THAT PRINTING MONEY SOLVES THE PROBLEM...WE ARE ON THE VERGE OF ENTERING A NEW ECONOMIC PARADISE!
NOW...THE SPELL COULD BREAK... THE CURTAIN MIGHT FALL UNEXPECTEDLY...YOU NEVER KNOW.
CAN THE REAL ECONOMY BECOME COMPLETELY DIVORCED FROM THE "DOG AND PHONY SHOW" ON WALL STREET...?
WELL WHY NOT IT HAS BEEN FOR THE LAST 20 YEARS... WHY STOP NOW...?
GLOBAL MARKETS WILL RALLY ALL WEEK!!
LET'S GET CRAZY...!! HAPPY DAZE ARE QUEER AGAIN!!
YOU GOTTA BELIEVE!!
YOU GOTTA BELIEVE!!
FUTURES SOAR!! DOW WILL BE UP 200 POINTS EVERYDAY THIS WEEK!!
GO BEN GO...!
THE MARKETS ARE BECOMING A WALL STREET VERSION OF "HIGH SCHOOL MUSICAL!"
THIS IS GREAT THEATER!!
NONE DARE CALL IT BUSINESS OR ECONOMICS!!
BUT, IF IT REALLY IS ALL "THEATER" NOW...??
HOW CAN ANYTHING BAD HAPPEN??
UNLESS BERNANKE AND THE NEW YORK BANKS LET IT HAPPEN...
IF THE MARKET IS NOT UP 200 POINTS EVERY DAY FROM NOW ON...?
I BLAME BERNANKE!!
AFTER ALL:
HE'S THE ONE WHO WROTE THIS PLAY.... CAST THE ACTORS... AND DIRECTED ITS PRODUCTION!!
IF WALL STREET IS GOING TO BE THEATER FROM NOW ON...
LET'S ALWAYS HAVE A HAPPY ENDING AT 4 O'CLOCK!!
THE MARKETS ARE BECOMING A WALL STREET VERSION OF "HIGH SCHOOL MUSICAL!"
THIS IS GREAT THEATER!!
NONE DARE CALL IT BUSINESS OR ECONOMICS!!
BUT, IF IT REALLY IS ALL "THEATER" NOW...??
HOW CAN ANYTHING BAD HAPPEN??
UNLESS BERNANKE AND THE NEW YORK BANKS LET IT HAPPEN...
IF THE MARKET IS NOT UP 200 POINTS EVERY DAY FROM NOW ON...?
I BLAME BERNANKE!!
AFTER ALL:
HE'S THE ONE WHO WROTE THIS PLAY.... CAST THE ACTORS... AND DIRECTED ITS PRODUCTION!!
IF WALL STREET IS GOING TO BE THEATER FROM NOW ON...
LET'S ALWAYS HAVE A HAPPY ENDING AT 4 O'CLOCK!!
Monday, March 24, 2008
WAR BILL COMING DUE...MARKETS RALLY WILDLY...
UNCLE BEN HAS STUFFED THE NEW YORK INVESTMENT BANKS WITH MONEY LIKE A HANUKKAH GOOSE!
RALLY ON...BECAUSE...HEY...THATS WHAT THOSE KINDA PEOPLE DO...WHEN THEY HAVE MONEY TO INVEST!
AND THE WONDERFUL THING IS THAT IT'S ALL NICELY SEALED UP ON WALL STREET...WHERE NONE OF IT CAN "SLOSH" INTO THE REAL ECONOMY!!
EXCEPT, OF COURSE, AS THE OCCASIONAL "CAPITAL GAIN..." BROKERS COMMISSION OR BONUS!!
JUST THE WAY WALL STREET AND WASHINGTON ALWAYS LIKE IT...!
RALLY ON...!! NOTHING STOPS IT NOW...
WIEMAR BEN'S PRINTING PRESS IS SPINNING MAGIC!!
RALLY ON...BECAUSE...HEY...THATS WHAT THOSE KINDA PEOPLE DO...WHEN THEY HAVE MONEY TO INVEST!
AND THE WONDERFUL THING IS THAT IT'S ALL NICELY SEALED UP ON WALL STREET...WHERE NONE OF IT CAN "SLOSH" INTO THE REAL ECONOMY!!
EXCEPT, OF COURSE, AS THE OCCASIONAL "CAPITAL GAIN..." BROKERS COMMISSION OR BONUS!!
JUST THE WAY WALL STREET AND WASHINGTON ALWAYS LIKE IT...!
RALLY ON...!! NOTHING STOPS IT NOW...
WIEMAR BEN'S PRINTING PRESS IS SPINNING MAGIC!!
BROOKS SAYS HILLARY CAN'T WIN...
THE PUNDITOCRACY HAS MADE IT OFFICIAL...!
OBAMA IS THE DEMOCRATIC CANDIDATE FOR PRESIDENT!
THE DEBATE BETWEEN MC CAIN AND OBAMA WILL BE INTERESTING... MC CAIN BASICALLY HAS NOTHING TO SAY ABOUT THE ECONOMY OR THE DOMESTIC AGENDA...
HIS "PERMA-WAR" HYSTERIA WILL LIKELY NOT BE EFFECTIVE...UNLESS THE REPUBLICANS CAN COME UP WITH ANOTHER TERRORIST ATTACK TO TOUT...
AND EVEN THEN THE "FEAR THING" ISN'T WHAT IT WAS IN THE LAST ELECTION WITH KERRY...
OBAMA IS THE DEMOCRATIC CANDIDATE FOR PRESIDENT!
THANK GOD...NOW WE CAN ALL GO HOME!
I THINK OBAMA CAN MAKE SHORT WORK OF MC CAIN'S DR STRANGELOVE WORLD VIEW...THE DEBATE BETWEEN MC CAIN AND OBAMA WILL BE INTERESTING... MC CAIN BASICALLY HAS NOTHING TO SAY ABOUT THE ECONOMY OR THE DOMESTIC AGENDA...
HIS "PERMA-WAR" HYSTERIA WILL LIKELY NOT BE EFFECTIVE...UNLESS THE REPUBLICANS CAN COME UP WITH ANOTHER TERRORIST ATTACK TO TOUT...
AND EVEN THEN THE "FEAR THING" ISN'T WHAT IT WAS IN THE LAST ELECTION WITH KERRY...
WATCH FOR THE CRACKS....
THIS MANIA IS REALLY OUT OF HAND NOW...
WE'LL BE WATCHING FOR THE FIRST "CRACKS" TO APPEAR...
LIKELY THE FOREIGN SUCKERS WILL BE THE FIRST TO EXIT THIS FED FANTASYLAND...
SOME HEDGIES MAY START TO OPT FOR "REALITY" AGAIN...
STAY TUNED... 2OO POINTS A DAY IS A HARD ORDER TO FULFILL...EVEN FOR THE "MAGICAL FED"...AND WIEMAR BEN!!
THE GLOBAL SUSPENSION OF DISBELIEF ON THE DOLLAR AND THE FED...CAN'T LAST FOREVER... WE ARE WAITING FOR GODOT HERE...AND IT COULD BE A LONG WAIT...
WATCH FOR SOME TO BOLT FROM THE FEDS "KOOL AID LINE" AND HEAD FOR THE JUNGLE...!
AND SOON...BECAUSE IT'S GETTING REAL NUTS OUT THERE!
WE'LL BE WATCHING FOR THE FIRST "CRACKS" TO APPEAR...
LIKELY THE FOREIGN SUCKERS WILL BE THE FIRST TO EXIT THIS FED FANTASYLAND...
SOME HEDGIES MAY START TO OPT FOR "REALITY" AGAIN...
STAY TUNED... 2OO POINTS A DAY IS A HARD ORDER TO FULFILL...EVEN FOR THE "MAGICAL FED"...AND WIEMAR BEN!!
THE GLOBAL SUSPENSION OF DISBELIEF ON THE DOLLAR AND THE FED...CAN'T LAST FOREVER... WE ARE WAITING FOR GODOT HERE...AND IT COULD BE A LONG WAIT...
WATCH FOR SOME TO BOLT FROM THE FEDS "KOOL AID LINE" AND HEAD FOR THE JUNGLE...!
AND SOON...BECAUSE IT'S GETTING REAL NUTS OUT THERE!
DOW CHART IS STARTING TO LOOK FAKED...
HOW STUPID WOULD YOU HAVE TO BE TO ACTUALLY BELIEVE ANY OF THIS IS REAL...?
STUPID ENOUGH TO BE A REPUBLICAN I SUPPOSE... AND THAT'S PLENTY STUPID...
BUT THERE ARE SO DAMN MANY OF THEM...THEY CAN MAKE THEIR OWN GRAVY NOW!!
STUPID ENOUGH TO BE A REPUBLICAN I SUPPOSE... AND THAT'S PLENTY STUPID...
BUT THERE ARE SO DAMN MANY OF THEM...THEY CAN MAKE THEIR OWN GRAVY NOW!!
BERNANKE PROMISES 200 POINT DOW ADVANCE EVERY DAY!!!
UNTIL IT BECOMES EMBARASSING AGAIN...
YEAH...WELL...WHAT CAN I SAY...
WATCH AND WONDER...THESE ARE THE TIMES WE LIVE IN...THE MARKETS ARE THEATER..AND POLITICS IS AN AUCTION TO THE HIGHEST BIDDER...
EXPECT NO LESS...EXPECT NOTHING THAT MAKES ANY SENSE.
YEAH...WELL...WHAT CAN I SAY...
WATCH AND WONDER...THESE ARE THE TIMES WE LIVE IN...THE MARKETS ARE THEATER..AND POLITICS IS AN AUCTION TO THE HIGHEST BIDDER...
EXPECT NO LESS...EXPECT NOTHING THAT MAKES ANY SENSE.
FED PUTS NO LIMIT ON DOW MOONSHOT!!
SHOCKINGLY....RIGHT NOW...200 POINTS PER DAY IS SEEN AS "ACCEPTABLE"...
AND IN GOOD TASTE... ANYTHING MORE OR ANYTHING LESS... MIGHT CAUSE PROBLEMS...
SO WE WILL BE "FROZEN" IN THIS FED-WALLSTREET GAME WHERE THE DOW GOES UP 200 POINT PER DAY FOR THE INDEFINITE FUTURE...
I KNOW THIS SOUNDS NUTS...
BUT REMEMBER I ASSUME IT'S ALL FIXED...AND THAT THERE IS ABSOLUTELY NO NEED FOR ANY CONTACT WITH REALITY ANYMORE ON WALL STREET...
IN EFFECT WALL STREET HAS BECOME A "CLOSED SYSTEM"...
THINK OF IT AS A STAGE WHERE THE DIRECTOR CAN TELL THE ACTORS TO SAY AND DO ANYTHING...
AND BECAUSE OF OUR SUSPENSION OF DISBELIEF....WE GO ALONG WITH THE GAME...
THAT IS THE ESSENCE OF WALL STREET NOW...
THERE IS NOTHING MORE TOO IT THAN THAT....
AND IN GOOD TASTE... ANYTHING MORE OR ANYTHING LESS... MIGHT CAUSE PROBLEMS...
SO WE WILL BE "FROZEN" IN THIS FED-WALLSTREET GAME WHERE THE DOW GOES UP 200 POINT PER DAY FOR THE INDEFINITE FUTURE...
I KNOW THIS SOUNDS NUTS...
BUT REMEMBER I ASSUME IT'S ALL FIXED...AND THAT THERE IS ABSOLUTELY NO NEED FOR ANY CONTACT WITH REALITY ANYMORE ON WALL STREET...
IN EFFECT WALL STREET HAS BECOME A "CLOSED SYSTEM"...
THINK OF IT AS A STAGE WHERE THE DIRECTOR CAN TELL THE ACTORS TO SAY AND DO ANYTHING...
AND BECAUSE OF OUR SUSPENSION OF DISBELIEF....WE GO ALONG WITH THE GAME...
THAT IS THE ESSENCE OF WALL STREET NOW...
THERE IS NOTHING MORE TOO IT THAN THAT....
DOW 14,000....BY APRIL FOOLS DAY!!!
YEAH...BABY...
LEARN TO LOVE THESE FED MANIAS...
IT'S ALL WE HAVE LEFT!!
LEARN TO LOVE THESE FED MANIAS...
IT'S ALL WE HAVE LEFT!!
DOW 20,000 BY END OF YEAR!!!
IF YOU ASSUME THAT A 200 POINT RISE PER DAY IS NOW THE FED'S NEW MANIA STANDARD FOR THE DOW...
WE COULD HAVE DOW 20,000...BY THE END OF THE YEAR...
GOLD WOULD BE BACK DOWN TO $280...AND OIL AT ABOUT $20...!! AT CURRENT RATES OF DECLINE...
IT'S BACK TO THE FUTURE....!! BETTER FIND THAT SOCK PUPPET...YOU MIGHT NEED IT SOON!!
AT LEAST THAT'S THE STORY THEY ARE SELLING TODAY...
WE COULD HAVE DOW 20,000...BY THE END OF THE YEAR...
GOLD WOULD BE BACK DOWN TO $280...AND OIL AT ABOUT $20...!! AT CURRENT RATES OF DECLINE...
IT'S BACK TO THE FUTURE....!! BETTER FIND THAT SOCK PUPPET...YOU MIGHT NEED IT SOON!!
AT LEAST THAT'S THE STORY THEY ARE SELLING TODAY...
HOUSE PRICES RECORD PLUNGE!! SELLERS DESPERATE!!
HAPPY DAZE ARE QUEER AGAIN...
BUT THEY ALMOST ALWAYS ARE ON WALL STREET!!
BUT THEY ALMOST ALWAYS ARE ON WALL STREET!!
DOW MOONSHOT!!! FINAL DAYS OF THE MANIA!!
THIS IS REALLY "CUSTER'S LAST STAND" FOR THE FED....
EITHER THIS "WORKS" OR IT'S OVER...
THE PROBLEM BEING THAT OUTSIDE OF THE INVESTMENT BANKERS...FEW "REAL PEOPLE" ARE BENEFITING FROM THE CURRENT FED INDUCED MANIA ON WALL STREET...
VERY LIKELY THIS FED MANIA...WILL BE THE LAST WE WILL SEE THIS YEAR...
ANYTHING AFTER THIS WILL BE A SYMPTOM OF THE FINAL TERMINAL DISEASE IN THE US ECONOMY...
IT IS AMAZING HOW THE FOREIGN SUCKERS ARE LETTING THIS THING RUN...
BUT THEN IT'S ONLY BEEN A WEEK... AND A WEEK IS A LONG TIME ON WALL STREET....
UNTIL YOU LOOK BACK AT THE WHOLE YEAR...
WE ARE IN A TOTAL MANIA NOW...THE DOW IS A MOONSHOT...EVEN AS THE REAL ECONOMY TURNS TO SHIT!!
EITHER THIS "WORKS" OR IT'S OVER...
THE PROBLEM BEING THAT OUTSIDE OF THE INVESTMENT BANKERS...FEW "REAL PEOPLE" ARE BENEFITING FROM THE CURRENT FED INDUCED MANIA ON WALL STREET...
VERY LIKELY THIS FED MANIA...WILL BE THE LAST WE WILL SEE THIS YEAR...
ANYTHING AFTER THIS WILL BE A SYMPTOM OF THE FINAL TERMINAL DISEASE IN THE US ECONOMY...
IT IS AMAZING HOW THE FOREIGN SUCKERS ARE LETTING THIS THING RUN...
BUT THEN IT'S ONLY BEEN A WEEK... AND A WEEK IS A LONG TIME ON WALL STREET....
UNTIL YOU LOOK BACK AT THE WHOLE YEAR...
WE ARE IN A TOTAL MANIA NOW...THE DOW IS A MOONSHOT...EVEN AS THE REAL ECONOMY TURNS TO SHIT!!
DESPERATE HOME OWNERS "DUMPING" AT ANY PRICE!!
A CRASH DOES THAT TO PEOPLE
BUT IT'S BEING "BILLED" TODAY AS A "TURN AROUND IN THE HOUSING MARKET."
YEAH...IT'S KIND OF LIKE THAT THESE DAZE...
SPIN IT TILL YOU WIN IT...
AND IF YOU DON'T WIN DOUBLE DOWN UNTIL YOU DO WIN...
THE ONLY PROBLEM IS THIS BULLSHIT IS NOW OFFICIAL FED POLICY!!
THIS WON'T LAST LONG... BULLSHIT NEVER DOES...
WE ARE IN THE GREATEST BULLSHIT NEWS CYCLE I HAVE EVER SEEN!!
AND YES...I'M INCLUDING THE HEIGHT OF THE DOTCOM MANIA...
THE DOTCOM MANIA WAS A WALL STREET PHENOMENON...
THIS CURRENT BULLSHIT IS COMING STRAIGHT FROM THE FED...AND IS BORN OUT OF TOTAL PANIC AND DESPERATION ABOUTS WHAT'S "REALLY" HAPPENING IN THE ECONOMY...
WHICH, BY THE WAY...YOU WILL NOTICE...WE DON'T HEAR MUCH ABOUT ANYMORE...!!!
WE ARE SO BLINDED BY THE NEW "HAPPY DAZE" AMONG THE INVESTMENT BANKERS AND THE WALL STREET CROWD FLUSH WITH FRESHLY PRINTED DOLLARS..."TO SAVE THE BROKERS"...AND ON WHICH THE INK IS NOT YET DRY!!
BUBBLE ON!!
BUT IT'S BEING "BILLED" TODAY AS A "TURN AROUND IN THE HOUSING MARKET."
YEAH...IT'S KIND OF LIKE THAT THESE DAZE...
SPIN IT TILL YOU WIN IT...
AND IF YOU DON'T WIN DOUBLE DOWN UNTIL YOU DO WIN...
THE ONLY PROBLEM IS THIS BULLSHIT IS NOW OFFICIAL FED POLICY!!
THIS WON'T LAST LONG... BULLSHIT NEVER DOES...
WE ARE IN THE GREATEST BULLSHIT NEWS CYCLE I HAVE EVER SEEN!!
AND YES...I'M INCLUDING THE HEIGHT OF THE DOTCOM MANIA...
THE DOTCOM MANIA WAS A WALL STREET PHENOMENON...
THIS CURRENT BULLSHIT IS COMING STRAIGHT FROM THE FED...AND IS BORN OUT OF TOTAL PANIC AND DESPERATION ABOUTS WHAT'S "REALLY" HAPPENING IN THE ECONOMY...
WHICH, BY THE WAY...YOU WILL NOTICE...WE DON'T HEAR MUCH ABOUT ANYMORE...!!!
WE ARE SO BLINDED BY THE NEW "HAPPY DAZE" AMONG THE INVESTMENT BANKERS AND THE WALL STREET CROWD FLUSH WITH FRESHLY PRINTED DOLLARS..."TO SAVE THE BROKERS"...AND ON WHICH THE INK IS NOT YET DRY!!
BUBBLE ON!!
FED COMMITMENT TO STOCKS IS PAYING OFF...!
BUT AT A HORRIBLE PRICE TO THE US AND GLOBAL ECONOMY...JUST DOWN THE ROAD...
MARKETS ARE NOT MAGIC... WHAT WE ARE SEEING NOW IS A MAGIC TRICK...
A PERIOD OF MOB PSYCHOLOGY THAT SHOULD BE STUDIED BY THE ACADEMIC ASSHOLES IN TENURED JOBS AT UNIVERSITY ECON DEPARTMENTS FOR YEARS TO COME...
I PREDICT A STRAIGHT LINE RISE OF THE DOW ....ABOUT 200 POINTS PER DAY...UNTIL THE FINAL CRASH...
WHICH SHOULD HAPPEN THIS YEAR...
THIS TYPE OF MARKET HYSTERIA CAN NOT BE SUSTAINED LONG TERM... BUT LONG TERM IS EXACTLY WHAT THIS MARKET AND THIS FED IS NOT ABOUT!! AND THEREIN IS THE REAL PROBLEM...
THE ONLY REASON WE EVEN HAVE "A RALLY" NOW...IS THAT THE FED HAS TOTALLY BECOME THE "WHORE OF WALL STREET..."
WHEN THE END COMES...IT WILL BE SWIFT AND RELENTLESS...
GOLD ON ALL WEAKNESS...FOR THE DURATION OF THIS FINAL MANIA!!
MARKETS ARE NOT MAGIC... WHAT WE ARE SEEING NOW IS A MAGIC TRICK...
A PERIOD OF MOB PSYCHOLOGY THAT SHOULD BE STUDIED BY THE ACADEMIC ASSHOLES IN TENURED JOBS AT UNIVERSITY ECON DEPARTMENTS FOR YEARS TO COME...
I PREDICT A STRAIGHT LINE RISE OF THE DOW ....ABOUT 200 POINTS PER DAY...UNTIL THE FINAL CRASH...
WHICH SHOULD HAPPEN THIS YEAR...
THIS TYPE OF MARKET HYSTERIA CAN NOT BE SUSTAINED LONG TERM... BUT LONG TERM IS EXACTLY WHAT THIS MARKET AND THIS FED IS NOT ABOUT!! AND THEREIN IS THE REAL PROBLEM...
THE ONLY REASON WE EVEN HAVE "A RALLY" NOW...IS THAT THE FED HAS TOTALLY BECOME THE "WHORE OF WALL STREET..."
WHEN THE END COMES...IT WILL BE SWIFT AND RELENTLESS...
GOLD ON ALL WEAKNESS...FOR THE DURATION OF THIS FINAL MANIA!!
FED'S BIZZARE "ALL OR NOTHING" MARKET!! DOW UP 200 POINTS PER DAY FOREVER!!
THE MARKET WILL GO UP 200 POINTS A DAY...FOREVER!!
THE FED HAS GIVEN US A RARE..."ALL OR NOTHING" MARKET. BASICALLY THE MARKET IS UNDER THE SPELL OF THE FED NOW...
THE FED'S STRANGE ACTION OF CUTTING RATES MASSIVELY...IN THE FACE OF THE PLUNGING DOLLAR...RISING GOLD AND INFLATION WAS UNPRECEDENTED IN THE HISTORY OF CENTRAL BANKING.
AND GUESS WHAT? IT WORKED!!
BUT THE FED SIMPLY MUST HAVE THE MARKET GO UP EVERYDAY...BY FAIRLY LARGE AMOUNTS TO KEEP THE "SPELL" GOING...
ANY BIG DOWN DAY NOW WILL BE AN "EMPEROR'S NEW CLOTHES" MOMENT...AND THE REVERSAL OF MOB PSYCHOLOGY COULD BE HUGE AND FAST...
THE DOW WILL GO UP 200 POINTS PER DAY FOR EVER...OR UNTIL IT DOESN'T....
AND WHEN IT DOESN'T...
DON'T BE STANDING BETWEEN THE DOOR AND THE MOB...!!
GET THE FUCK OUT NOW!!!!
THE FED HAS GIVEN US A RARE..."ALL OR NOTHING" MARKET. BASICALLY THE MARKET IS UNDER THE SPELL OF THE FED NOW...
THE FED'S STRANGE ACTION OF CUTTING RATES MASSIVELY...IN THE FACE OF THE PLUNGING DOLLAR...RISING GOLD AND INFLATION WAS UNPRECEDENTED IN THE HISTORY OF CENTRAL BANKING.
AND GUESS WHAT? IT WORKED!!
BUT THE FED SIMPLY MUST HAVE THE MARKET GO UP EVERYDAY...BY FAIRLY LARGE AMOUNTS TO KEEP THE "SPELL" GOING...
ANY BIG DOWN DAY NOW WILL BE AN "EMPEROR'S NEW CLOTHES" MOMENT...AND THE REVERSAL OF MOB PSYCHOLOGY COULD BE HUGE AND FAST...
THE DOW WILL GO UP 200 POINTS PER DAY FOR EVER...OR UNTIL IT DOESN'T....
AND WHEN IT DOESN'T...
DON'T BE STANDING BETWEEN THE DOOR AND THE MOB...!!
GET THE FUCK OUT NOW!!!!
Sunday, March 23, 2008
CAN THE BULL MARKET BULLSHIT CONTINUE...?
WELL PROBABLY...!
AT LEAST UNTIL IT'S IMPOSSIBLE TO CONTINUE...
RIGHT NOW THE FED HAS GIVEN WALL STREET PERMISSION TO RALLY ON...AND RALLY HARD...ALL BASED ON THE PRINTING OF PAPER DOLLARS TO SUPPORT PAPER ASSETS...
BUT WILL IT WORK!! OF COURSE!!
ONLY LONGER TERM...IT'S JUST MORE OF THE SAME...
WE ARE BACK IN THE BUBBLE MINDSET...MOMENTUM TRADING RULES...
THE ONLY PROBLEM IS THAT THE MOMENTUM WILL LIKELY NOT LAST AS LONG...AND THE DOWNDRAFTS WILL BE GREATER...
WITH A NICE DECLINE IN GOLD ALREADY IN PLACE...AND WITH PERHAPS MORE TO COME...IT MIGHT BE TIME TO START AVERAGING INTO GOLD AGAIN...WITH AN EYE TO THE INEVITABLE LONGER TERM "MARCO" PROBLEMS THAT BOTH THE MARKETS AND THE DOLLAR FACE...
ALSO...THERE ARE REAL THREATS OF EXTREMELY BAD NEWS FROM MAJOR FINANCIAL PLAYERS THAT COULD "BREAK THE SPELL" VERY VERY FAST...!
ALL IT WOULD TAKE IS ONE MAJOR BANK OR HEDGE FUND FAILURE TO PUT THIS ENTIRE DOG AND PONY SHOW ON THE ROAD AGAIN...
IN SHORT...NOTHING HAS BEEN SOLVED BY THE FED OR ON WALL STREET... AND WHAT WE'VE SEE IS A NORMAL PULL BACK IN A LONG TERM BULL MARKET FOR COMMODITIES...THAT IS BEING BILLED AS A "HOSANNA MOMENT" FOR THE ENTIRE ECONOMY BY THE FED AND FRIENDS...
DON'T DRINK THE KOOL AID JUST YET...
BECAUSE THE "ILLUSION" OF SOMETHING LIKE A SOLUTION...WIDELY REPORTED IN THE MEDIA...BUT WITHOUT SPECIFICS OR VALID REASONS...IS ALL WE HAVE NOW...
PRAY FOR MORE DECLINES IN GOLD...AND AVERAGE IN FOR THE LONG TERM...
THE STREET HAS THESE BULL MARKET "EPISODES" NOW AND THEN...AND THE DECLINES IN THE COMMODITIES ARE ACTUCALLY A "GOOD THING" AND SHOW THAT COMMODITIES ARE A SERIOUS INVESTMENT NOW...
THE REAL SOLUTION IS.. RAISE RATES. DEFEND THE DOLLAR ... AND CRASH ASSETS DOWN TO WHERE THEY "SHOULD BE"...AND IT IS GOING TO HAPPEN NO MATTER WHAT THE FED DOES!
BUT, YEAH....WE AIN'T READY FOR THAT YET...
AT LEAST UNTIL IT'S IMPOSSIBLE TO CONTINUE...
RIGHT NOW THE FED HAS GIVEN WALL STREET PERMISSION TO RALLY ON...AND RALLY HARD...ALL BASED ON THE PRINTING OF PAPER DOLLARS TO SUPPORT PAPER ASSETS...
BUT WILL IT WORK!! OF COURSE!!
ONLY LONGER TERM...IT'S JUST MORE OF THE SAME...
WE ARE BACK IN THE BUBBLE MINDSET...MOMENTUM TRADING RULES...
THE ONLY PROBLEM IS THAT THE MOMENTUM WILL LIKELY NOT LAST AS LONG...AND THE DOWNDRAFTS WILL BE GREATER...
WITH A NICE DECLINE IN GOLD ALREADY IN PLACE...AND WITH PERHAPS MORE TO COME...IT MIGHT BE TIME TO START AVERAGING INTO GOLD AGAIN...WITH AN EYE TO THE INEVITABLE LONGER TERM "MARCO" PROBLEMS THAT BOTH THE MARKETS AND THE DOLLAR FACE...
ALSO...THERE ARE REAL THREATS OF EXTREMELY BAD NEWS FROM MAJOR FINANCIAL PLAYERS THAT COULD "BREAK THE SPELL" VERY VERY FAST...!
ALL IT WOULD TAKE IS ONE MAJOR BANK OR HEDGE FUND FAILURE TO PUT THIS ENTIRE DOG AND PONY SHOW ON THE ROAD AGAIN...
IN SHORT...NOTHING HAS BEEN SOLVED BY THE FED OR ON WALL STREET... AND WHAT WE'VE SEE IS A NORMAL PULL BACK IN A LONG TERM BULL MARKET FOR COMMODITIES...THAT IS BEING BILLED AS A "HOSANNA MOMENT" FOR THE ENTIRE ECONOMY BY THE FED AND FRIENDS...
DON'T DRINK THE KOOL AID JUST YET...
BECAUSE THE "ILLUSION" OF SOMETHING LIKE A SOLUTION...WIDELY REPORTED IN THE MEDIA...BUT WITHOUT SPECIFICS OR VALID REASONS...IS ALL WE HAVE NOW...
PRAY FOR MORE DECLINES IN GOLD...AND AVERAGE IN FOR THE LONG TERM...
THE STREET HAS THESE BULL MARKET "EPISODES" NOW AND THEN...AND THE DECLINES IN THE COMMODITIES ARE ACTUCALLY A "GOOD THING" AND SHOW THAT COMMODITIES ARE A SERIOUS INVESTMENT NOW...
THE REAL SOLUTION IS.. RAISE RATES. DEFEND THE DOLLAR ... AND CRASH ASSETS DOWN TO WHERE THEY "SHOULD BE"...AND IT IS GOING TO HAPPEN NO MATTER WHAT THE FED DOES!
BUT, YEAH....WE AIN'T READY FOR THAT YET...
THE END OF THE BEGINNING...? PROBABLY
THE IDEA THAT LAST WEEK WAS IN ANY WAY A TURNING POINT FOR THE BETTER...IS VERY WISHFUL THINKING...
IF ANYTHING IT MAY BE AN EXIT OPPORTUNITY... OR DO YOU REALLY THINK THIS SUMMER THINGS WILL BE BOOMING...?
WELL NOT IF GAS IS $4...! AND THE DOLLAR REVERTS TO IT'S NEEDED PATTERN OF DROPPING LIKE A ROCK!
IF ANYTHING IT MAY BE AN EXIT OPPORTUNITY... OR DO YOU REALLY THINK THIS SUMMER THINGS WILL BE BOOMING...?
WELL NOT IF GAS IS $4...! AND THE DOLLAR REVERTS TO IT'S NEEDED PATTERN OF DROPPING LIKE A ROCK!
IS THE OBAMA CANDIDACY ALWAYS GOING TO BE A "BLACK THING?"
WITH OBAMA ITS NOW ALL ABOUT BLACK AND WHITE...AND WORSE...BLACK ANGER.
WITH HILLARY ITS ALL ABOUT WOMEN IN POLITICS AND SOCIETY IN GENERAL.
I CAN SEE A LOT OF AMERICANS JUST SAYING:
THE COUNTRY IS TOTALLY FUCKED UP...WE'RE IN THE DITCH... WE NEED A "STANDARD" CANDIDATE FOR PRESIDENT...A TRADITIONAL...OLD WHITE GUY TO RUN WASHINGTON...LIKE MC CAIN...
THE PROBLEM WITH BOTH DEMOCRATS IS THAT THEY REQUIRE VOTERS TO BREAK NEW GROUND...
AND AT A TIME WHEN MOST PEOPLE JUST WANT TO GO BACK TO THE WAY IT WAS... THEY'VE HAD "CHANGE" AND IT'S ALL BEEN BAD!
YES, AMERICANS NEED A PROGRESSIVE AGENDA...AND A DEMOCRATIC PRESIDENT AND CONGRESS...
BUT I'M NOT SURE THAT THE AMERICAN ELECTORATE CAN MAKE THE "LEAP OF FAITH" THAT THEY ARE NOW BEING ASKED TO MAKE...
WITH HILLARY ITS ALL ABOUT WOMEN IN POLITICS AND SOCIETY IN GENERAL.
I CAN SEE A LOT OF AMERICANS JUST SAYING:
THE COUNTRY IS TOTALLY FUCKED UP...WE'RE IN THE DITCH... WE NEED A "STANDARD" CANDIDATE FOR PRESIDENT...A TRADITIONAL...OLD WHITE GUY TO RUN WASHINGTON...LIKE MC CAIN...
THE PROBLEM WITH BOTH DEMOCRATS IS THAT THEY REQUIRE VOTERS TO BREAK NEW GROUND...
AND AT A TIME WHEN MOST PEOPLE JUST WANT TO GO BACK TO THE WAY IT WAS... THEY'VE HAD "CHANGE" AND IT'S ALL BEEN BAD!
YES, AMERICANS NEED A PROGRESSIVE AGENDA...AND A DEMOCRATIC PRESIDENT AND CONGRESS...
BUT I'M NOT SURE THAT THE AMERICAN ELECTORATE CAN MAKE THE "LEAP OF FAITH" THAT THEY ARE NOW BEING ASKED TO MAKE...
NEW BULL MARKET BULLSHIT...
THE NOTION THAT SOMEHOW THE "THEATRICAL EVENTS" OF LAST WEEK ARE THE MAKINGS OF A NEW BULL MARKET IS PURE BULLSHIT...
I MEAN IT WAS ALL FAKED... AND MOST OF IT WAS CONTRARY TO MACROECONOMIC THEORY...
WHY WOULD GOLD FALL AND THE WEAK DOLLAR RISE ON A MASSIVE RATE CUT...
YOU'D HAVE TO ASSUME THAT BERNANKE REALLY IS THE "PUPPET MASTER" AND THAT WALL STREET IS A THEATER OF THE ABSURD WHERE ANYTHING CAN HAPPEN...
AS LONG AS THE FED SAYS IT'S OK...
MY HUNCH IS THAT ONCE THE TRADERS SOBER UP...FROM WHAT WAS A REALLY A DOG AND PONY SHOW ON WALL STREET LAST WEEK...
THE GRIM REALITY OF THE LAST FEW WEEKS COULD KICK IN AGAIN...
AFTER ALL REALITY HAS A NASTY HABIT OF DOING JUST THAT...
THE ODD ACTION IN GOLD WILL BE WORTH WATCHING...
NOTHING CHANGED FOR GOLD AT THE MACRO LEVEL...IF ANYTHING GOLD BECAME MORE DISIREABLE AS A HEDGE AGAINST INSANITY IN THE MARKETPLACE...
IF ANYTHING THE "COUNTERS" HAVE BEEN SET BACK TO ZERO...AND GOLD CAN START RISING AND THE DOW CAN START FALLING AGAIN...
THEY LIKE TO AND HAVE TO..."RESET THE COUNTERS" OCCASIONALLY ON THE STREET...JUST TO KEEP THE GAME GOING...
WE DON'T TALK ABOUT THAT "CYCLICAL" ASPECT OF MARKETS... WE AMERICANS ARE VERY LINEAR THINKERS... PROGRESS OR DECLINE IS "ALWAYS" A STRAIGHT LINE...THAT GOES ON FOREVER...
OTHERWISE TREES WOULD GROW TO THE SKY...AND THEY DON'T... THINGS "FALL BACK" TO EARTH NOW AND THEN.
AND GOLD AND OIL WERE BLASTING OFF IN AN OMINOUS WAY... SO THE CORRECTION SHOULD BE A WELCOME OPPORTUNITY FOR TRADERS SEEKING AN ENTRY POINT NEXT WEEK...
DON'T DRINK THE FED KOOL-AID YET... LAST WEEK WILL LIKELY NOT SOLVE ANYTHING...AND IT COULD HAVE MADE THINGS MUCH WORSE...!
I MEAN IT WAS ALL FAKED... AND MOST OF IT WAS CONTRARY TO MACROECONOMIC THEORY...
WHY WOULD GOLD FALL AND THE WEAK DOLLAR RISE ON A MASSIVE RATE CUT...
YOU'D HAVE TO ASSUME THAT BERNANKE REALLY IS THE "PUPPET MASTER" AND THAT WALL STREET IS A THEATER OF THE ABSURD WHERE ANYTHING CAN HAPPEN...
AS LONG AS THE FED SAYS IT'S OK...
MY HUNCH IS THAT ONCE THE TRADERS SOBER UP...FROM WHAT WAS A REALLY A DOG AND PONY SHOW ON WALL STREET LAST WEEK...
THE GRIM REALITY OF THE LAST FEW WEEKS COULD KICK IN AGAIN...
AFTER ALL REALITY HAS A NASTY HABIT OF DOING JUST THAT...
THE ODD ACTION IN GOLD WILL BE WORTH WATCHING...
NOTHING CHANGED FOR GOLD AT THE MACRO LEVEL...IF ANYTHING GOLD BECAME MORE DISIREABLE AS A HEDGE AGAINST INSANITY IN THE MARKETPLACE...
IF ANYTHING THE "COUNTERS" HAVE BEEN SET BACK TO ZERO...AND GOLD CAN START RISING AND THE DOW CAN START FALLING AGAIN...
THEY LIKE TO AND HAVE TO..."RESET THE COUNTERS" OCCASIONALLY ON THE STREET...JUST TO KEEP THE GAME GOING...
WE DON'T TALK ABOUT THAT "CYCLICAL" ASPECT OF MARKETS... WE AMERICANS ARE VERY LINEAR THINKERS... PROGRESS OR DECLINE IS "ALWAYS" A STRAIGHT LINE...THAT GOES ON FOREVER...
OTHERWISE TREES WOULD GROW TO THE SKY...AND THEY DON'T... THINGS "FALL BACK" TO EARTH NOW AND THEN.
AND GOLD AND OIL WERE BLASTING OFF IN AN OMINOUS WAY... SO THE CORRECTION SHOULD BE A WELCOME OPPORTUNITY FOR TRADERS SEEKING AN ENTRY POINT NEXT WEEK...
DON'T DRINK THE FED KOOL-AID YET... LAST WEEK WILL LIKELY NOT SOLVE ANYTHING...AND IT COULD HAVE MADE THINGS MUCH WORSE...!
DOWD SAYS HILLARY CAN'T WIN NOMINATION...
HOW DOES SHE KNOW THESE THINGS...?
A COUPLE OF BIG STATE WINS...AND HILLARY WILL BE EVEN MORE FAVORED IN THE POLLS...
I SUSPECT THAT THERE IS SOME BUYERS REMORSE ABOUT OBAMA... SORT OF "IS THIS GUY READY" STUFF... CAN AN ANGRY YOUNG BLACK GUY WITH A HARVARD DEGREE REALLY WIN...AGAINST A DUMPY OLD GUY...WHO HAS A LOT OF "BUBBA-APPEAL?!"
BUT THEN DEMS LOOK AT HILLARY AND SAY...NO..NO WAY.. WE AIN'T GOIN' BACK THERE AGAIN...
SO THERE YOU HAVE IT...
2008 COULD BE THE YEAR...WHEN "NONE OF THE ABOVE" WINS...! AND THAT FOR SURE WOULD INCLUDE MC CAIN...!
A COUPLE OF BIG STATE WINS...AND HILLARY WILL BE EVEN MORE FAVORED IN THE POLLS...
I SUSPECT THAT THERE IS SOME BUYERS REMORSE ABOUT OBAMA... SORT OF "IS THIS GUY READY" STUFF... CAN AN ANGRY YOUNG BLACK GUY WITH A HARVARD DEGREE REALLY WIN...AGAINST A DUMPY OLD GUY...WHO HAS A LOT OF "BUBBA-APPEAL?!"
BUT THEN DEMS LOOK AT HILLARY AND SAY...NO..NO WAY.. WE AIN'T GOIN' BACK THERE AGAIN...
SO THERE YOU HAVE IT...
2008 COULD BE THE YEAR...WHEN "NONE OF THE ABOVE" WINS...! AND THAT FOR SURE WOULD INCLUDE MC CAIN...!
CHENEY'S BIZZARE RANT ABOUT ISRAEL...
WITH FRIENDS LIKE BUSH AND CHENEY ISRAEL DOESN'T NEED ENEMIES!
ISRAEL WOULD HAVE BEEN FAR BETTER OFF WITH SADDAM...AT LEAST IRAN WAS UNDER CONTROL... AND IRAQ WASN'T A TERRORIST HAVEN AND TRAINING GROUND UNDER SADDAM...
YES... THE IRAQI SHIA AND SADRITES...ENJOYED GIVING BUSH AND CHENEY THE "PURPLE FINGER"...A JOYOUS MOMENT...TO BE SURE!!
BUT SOMEHOW I DON'T THINK THAT WAS WORTH THE TWO TRILLION DOLLARS AND 4000 MORE DEAD AMERICANS SO FAR!
IN CASE YOU DIDN'T NOTICE...IRAN AND IRAQ ARE A BIG PART OF THE MIDDLE EAST...WHICH IS ISRAEL'S "NEIGHBORHOOD!"
THE LAST THING ISRAEL NEEDED WAS TO HAVE BUSH, CHENEY AND THE NEOCONS SHITTING IN THEIR NEST...!
ISRAEL WOULD HAVE BEEN FAR BETTER OFF WITH SADDAM...AT LEAST IRAN WAS UNDER CONTROL... AND IRAQ WASN'T A TERRORIST HAVEN AND TRAINING GROUND UNDER SADDAM...
YES... THE IRAQI SHIA AND SADRITES...ENJOYED GIVING BUSH AND CHENEY THE "PURPLE FINGER"...A JOYOUS MOMENT...TO BE SURE!!
BUT SOMEHOW I DON'T THINK THAT WAS WORTH THE TWO TRILLION DOLLARS AND 4000 MORE DEAD AMERICANS SO FAR!
IN CASE YOU DIDN'T NOTICE...IRAN AND IRAQ ARE A BIG PART OF THE MIDDLE EAST...WHICH IS ISRAEL'S "NEIGHBORHOOD!"
THE LAST THING ISRAEL NEEDED WAS TO HAVE BUSH, CHENEY AND THE NEOCONS SHITTING IN THEIR NEST...!
BOOKMARK GLOOM AND DOOM NOW...BEFORE YOU FORGET AND HAVE TO GOOGLE IT AGAIN!
ALWAYS HERE 24.7.366...!
THINGS ARE GOING TO GET REAL INTERESTING AGAIN ON THE STREET...AND SOON!
SO STAY TUNED...BOOKMARK THIS PAGE...
OR BETTER YET...WHY NOT JUST TAKE THE GUESS WORK OUT OF IT ...AND MAKE G&D YOUR HOME PAGE...?
HAVE A GREAT HOLIDAY...
PRAY FOR SPRING... IT'S GOT TO BE OUT THERE SOMEWHERE...
THINGS ARE GOING TO GET REAL INTERESTING AGAIN ON THE STREET...AND SOON!
SO STAY TUNED...BOOKMARK THIS PAGE...
OR BETTER YET...WHY NOT JUST TAKE THE GUESS WORK OUT OF IT ...AND MAKE G&D YOUR HOME PAGE...?
HAVE A GREAT HOLIDAY...
PRAY FOR SPRING... IT'S GOT TO BE OUT THERE SOMEWHERE...
Saturday, March 22, 2008
Friday, March 21, 2008
BROKERS DOWNGRADED...
ALAS...JUST "BEATING BY A PENNY"...LIKE PETS.COM...ISN'T GOOD ENOUGH FOR WALL STREET BROKERS AND BANKS...
ITS A LITTLE LATE IN THE BUBBLE DAZE FOR THE "BEATING EXPECTATIONS GAME" TO HOLD WATER...
ITS A LITTLE LATE IN THE BUBBLE DAZE FOR THE "BEATING EXPECTATIONS GAME" TO HOLD WATER...
KRUGMAN SAYS IT'S 1931...NOT 1929 REVISITED!!
AN IDEA THAT HAS BEEN MENTIONED HERE MANY TIMES... USUALLY IN REFERENCE THE THE UK POUND GOING OFF GOLD IN 1931...CAUSING A GLOBAL BANKING CRISIS...WHICH WAS SOMEWHAT SEPERATE FROM THE BURSTING OF THE STOCK BUBBLE ON WALL STREET A COUPLE YEARS EARLIER...
THESE THINGS NEVER START AND STOP ON A DIME... THERE ARE ALWAYS LONG TRANSITION PERIODS WHEN EVERYTHING IS CLOUDY...
PERHAPS THAT EXPLAINS WHERE WE ARE NOW... ONLY HISTORY WILL TELL THE TALE...
AND THE INTERESTING THING IS THAT IT WILL ALL SEEM SO OBVIOUS TO THE HISTORIANS WHO WRITE ABOUT WHAT WE ARE SAYING AND DOING RIGHT NOW!!
THE OUTCOMES OF HISTORY ALWAYS SEEM INEVITABLE...EXCEPT WHEN YOU ARE LIVING THROUGH IT!!
THESE THINGS NEVER START AND STOP ON A DIME... THERE ARE ALWAYS LONG TRANSITION PERIODS WHEN EVERYTHING IS CLOUDY...
PERHAPS THAT EXPLAINS WHERE WE ARE NOW... ONLY HISTORY WILL TELL THE TALE...
AND THE INTERESTING THING IS THAT IT WILL ALL SEEM SO OBVIOUS TO THE HISTORIANS WHO WRITE ABOUT WHAT WE ARE SAYING AND DOING RIGHT NOW!!
THE OUTCOMES OF HISTORY ALWAYS SEEM INEVITABLE...EXCEPT WHEN YOU ARE LIVING THROUGH IT!!
RICHARDSON WILL BE OBAMA'S VICE PRESIDENT.
THAT WOULD BE THE PERFECT MATCH UP...IF OBAMA GETS THE NOMINATION.
THE PROBLEM WITH BOTH THE CLINTONS AND OBAMA...IS THAT WHENEVER ONE OR THE OTHER GETS AHEAD...
BUYERS REMORSE KICKS.... AND EVERYONE RUNS TO THE OTHER CANDIDATE.
MY HUNCH IS THAT DEEP DOWN...THERE IS LESS ANGST ABOUT OBAMA THAN THE CLINTONS...
A "THIRD CLINTON TERM" IS NOT REALLY EXPRESSING HOPE FOR THE FUTURE...BUT RATHER A DESIRE TO GO BACK TO A PAST... AND IT'S A PAST WE MAY BE VIEWING THROUGH ROSE COLORED GLASSES...AFTER THE TWIN BUSH DISASTERS.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
OBAMA NEEDS TO ESTABLISH AROUND HIMSELF A GROUP OF OLDER WHITE GUYS TO DISPEL THIS NOTION THAN HE'S JUST ANOTHER "ANGRY BLACK GUY"...ALBEIT WITH A HARVARD DEGREE!!
THERE HAVE BEEN ALTOGETHER TOO MANY BLACK FACES BEHIND OBAMA'S PODIUM SPEECHES AND THIS IS SCARING MAIN STREET AMERICA SHITLESS...
AND THE EPISODE WITH OBAMA'S PREACHER ONLY HIGHLIGHTED THAT NEGATIVE ATTITUDE.
MY ADVISE TO OBAMA IS SIDLE UP TO OLD WHITE GUYS LIKE RICHARDSON FOR THE REST OF THE CHAMPAIGN... KEEP THE OTHER BLACK FACES OUT OF THE BACKGROUND...IN FACT, OBAMA WOULD BE WELL ADVISED TO GET ALL BLACK FACES OUT OF THE BACKGROUND IN HIS CAMPAIGN...
AMERICANS CAN "BUY" ONE "NICE" BLACK GUY...
BUT THEY ARE NOT GOING TO BUY THE IDEA OF PUTTING THE ENTIRE BLACK RACE IN CHARGE OF THE WHITE HOUSE...
SORRY BUT THAT'S THE WAY MOST BUBBA-VOTING AMERICANS WOULD PREFER TO SEE IT
DEAL WITH IT...OR LOSE THE PRESIDENCY.
THE PROBLEM WITH BOTH THE CLINTONS AND OBAMA...IS THAT WHENEVER ONE OR THE OTHER GETS AHEAD...
BUYERS REMORSE KICKS.... AND EVERYONE RUNS TO THE OTHER CANDIDATE.
MY HUNCH IS THAT DEEP DOWN...THERE IS LESS ANGST ABOUT OBAMA THAN THE CLINTONS...
A "THIRD CLINTON TERM" IS NOT REALLY EXPRESSING HOPE FOR THE FUTURE...BUT RATHER A DESIRE TO GO BACK TO A PAST... AND IT'S A PAST WE MAY BE VIEWING THROUGH ROSE COLORED GLASSES...AFTER THE TWIN BUSH DISASTERS.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
OBAMA NEEDS TO ESTABLISH AROUND HIMSELF A GROUP OF OLDER WHITE GUYS TO DISPEL THIS NOTION THAN HE'S JUST ANOTHER "ANGRY BLACK GUY"...ALBEIT WITH A HARVARD DEGREE!!
THERE HAVE BEEN ALTOGETHER TOO MANY BLACK FACES BEHIND OBAMA'S PODIUM SPEECHES AND THIS IS SCARING MAIN STREET AMERICA SHITLESS...
AND THE EPISODE WITH OBAMA'S PREACHER ONLY HIGHLIGHTED THAT NEGATIVE ATTITUDE.
MY ADVISE TO OBAMA IS SIDLE UP TO OLD WHITE GUYS LIKE RICHARDSON FOR THE REST OF THE CHAMPAIGN... KEEP THE OTHER BLACK FACES OUT OF THE BACKGROUND...IN FACT, OBAMA WOULD BE WELL ADVISED TO GET ALL BLACK FACES OUT OF THE BACKGROUND IN HIS CAMPAIGN...
AMERICANS CAN "BUY" ONE "NICE" BLACK GUY...
BUT THEY ARE NOT GOING TO BUY THE IDEA OF PUTTING THE ENTIRE BLACK RACE IN CHARGE OF THE WHITE HOUSE...
SORRY BUT THAT'S THE WAY MOST BUBBA-VOTING AMERICANS WOULD PREFER TO SEE IT
DEAL WITH IT...OR LOSE THE PRESIDENCY.
DON'T DRINK THE FED'S KOOL AID!
THE LAST WEEK HAS BEEN TOTALLY THEATRICAL... SORT OF "SWEENEY TODD" MEETS "HIGH SCHOOL MUSICAL!"
TO GET THROUGH THE LAST FEW DAYS REQUIRED A TOTAL SUSPENSION OF DISBELIEF...AND A WILLINGNESS TO BELIEVE IN "MAGICAL THINKING."
CONSIDER:
THE COMMODITIES "CRASH" WAS NEEDED AND NECESSARY FROM THE FED'S POINT OF VIEW...AND IT WAS EXECUTED WITH VIGOR...
THE WEAK DOLLAR AND HIGH OIL HAD BECOME THE VILLAIN IN THE OLD STORY LINE BIG TIME.
AND YES, IT WAS PARTLY A "MARKET EVENT"...SUCKER FLEECINGS ARE COMMON WHEN INVESTMENTS BECOME "NO BRAINERS" AS GOLD AND OIL HAD BECOME.
AND THE BIG HEDGE FUNDS WITH THEIR DANGEROUS "GROUP THINK" ARE THE BIGGEST SUCKERS OF THEM ALL...THEY ARE FLEECED REGULARLY BECAUSE OF THEIR BIG POSITIONS IN FAVORITE "MARKET PLAYS"...
AND REMEMBER, WHEN YOU STAMPEDE THESE GIANTS...SERIOUS DAMAGE CAN RESULT. THE BULL IN THE CHINA SHOP TO BE SURE.
INDEED, WE SAW THIS IN GOLD AND OIL THIS WEEK...BIG TIME!
BUT THE REAL PROBLEM WAS THAT THE UNDERLYING NARRATIVE WASN'T RIGHT...
FIRST SOME "GIVENS"...
WE KNOW THE FED HAS BEEN STUFFING WALL STREET WITH CASH...LIKE THERE IS NO TOMORROW... THIS IS VERY INFLATIONARY...BUT THE HOPE IS THAT THE NEW CASH WILL GO TO OUR BELOVED "ASSET INFLATION"...
AND THAT NONE OF THIS "NEW MONEY" WILL "SLOSH" INTO COMMODITIES AS HAPPEN IN THE RECENT PAST...
WELL...MAYBE...SO FAR SO GOOD.
ADDITIONALLY, THE RATE CUT WAS A "DOLLAR NEGATIVE" THAT WAS "MAGICALLY" SPUN INTO A DOLLAR RALLY BASED ON SOME QUESTIONABLE STORY TELLING...
SUPPOSEDLY IT WAS LIKE THIS:
COMMODITIES ARE DECLINING BECAUSE THE GLOBAL ECONOMY IS GOING INTO RECESSION...SO IF COMMODITIES DECLINE THE DOLLAR MUST GO UP! OK...I'LL BITE...
BUT THEN BECAUSE THE DOLLAR WAS UP ON THE BIG COMMODITES SELL OFF...STOCKS SOARED BECAUSE THAT COMMODITY MONEY HAD TO GO SOMEWHERE...
ERGO:
STOCKS WENT UP BECAUSE THE GLOBAL ECONOMY IS IN RECESSION...
AND ARE YOU READY FOR IT...?
GLOBAL RECESSIONS ARE GOOD FOR STOCKS!!
WELL...ANYWAY...THE CURTAIN WILL GO DOWN ON THIS WEEK... AND SOME LOGIC WILL RETURN TO THE MARKETS...
LIKELY THE MACROS WILL KICK IN AGAIN...
A STRUCTURALLY WEAK DOLLAR...WEAK GLOBAL GROWTH...HIGHER NOT LOWER COMMODITIES PRICES TO REFLECT THE DOLLAR, IPSO FACTO... AND LOWER STOCK PRICES TO REFLECT THE FACT THAT THE FED HAS TOTALLY FUCKED UP IT'S MONETARY POLICY.
THIS WEEK THE FED AND WALL STREET ESTABLISHED THEIR "NEW STORY LINE"...
(REMEMBER, I NOTED THAT THE STREET WAS DESPERATE TO GET OUT OF THIS CURRENT "NEWS CYCLE". PERHAPS IT DID THAT THIS WEEK.)
BUT NEXT WEEK THAT "NEW STORY" WILL BE TESTED...
AND PROBABLY FOUND WANTING...UNSUBSTANTIAL AND LIKELY COMPLETELY UNTRUE.
IN THE MEANTIME...
DON'T DRINK THE FED'S KOOL AID!
TO GET THROUGH THE LAST FEW DAYS REQUIRED A TOTAL SUSPENSION OF DISBELIEF...AND A WILLINGNESS TO BELIEVE IN "MAGICAL THINKING."
CONSIDER:
THE COMMODITIES "CRASH" WAS NEEDED AND NECESSARY FROM THE FED'S POINT OF VIEW...AND IT WAS EXECUTED WITH VIGOR...
THE WEAK DOLLAR AND HIGH OIL HAD BECOME THE VILLAIN IN THE OLD STORY LINE BIG TIME.
AND YES, IT WAS PARTLY A "MARKET EVENT"...SUCKER FLEECINGS ARE COMMON WHEN INVESTMENTS BECOME "NO BRAINERS" AS GOLD AND OIL HAD BECOME.
AND THE BIG HEDGE FUNDS WITH THEIR DANGEROUS "GROUP THINK" ARE THE BIGGEST SUCKERS OF THEM ALL...THEY ARE FLEECED REGULARLY BECAUSE OF THEIR BIG POSITIONS IN FAVORITE "MARKET PLAYS"...
AND REMEMBER, WHEN YOU STAMPEDE THESE GIANTS...SERIOUS DAMAGE CAN RESULT. THE BULL IN THE CHINA SHOP TO BE SURE.
INDEED, WE SAW THIS IN GOLD AND OIL THIS WEEK...BIG TIME!
BUT THE REAL PROBLEM WAS THAT THE UNDERLYING NARRATIVE WASN'T RIGHT...
FIRST SOME "GIVENS"...
WE KNOW THE FED HAS BEEN STUFFING WALL STREET WITH CASH...LIKE THERE IS NO TOMORROW... THIS IS VERY INFLATIONARY...BUT THE HOPE IS THAT THE NEW CASH WILL GO TO OUR BELOVED "ASSET INFLATION"...
AND THAT NONE OF THIS "NEW MONEY" WILL "SLOSH" INTO COMMODITIES AS HAPPEN IN THE RECENT PAST...
WELL...MAYBE...SO FAR SO GOOD.
ADDITIONALLY, THE RATE CUT WAS A "DOLLAR NEGATIVE" THAT WAS "MAGICALLY" SPUN INTO A DOLLAR RALLY BASED ON SOME QUESTIONABLE STORY TELLING...
SUPPOSEDLY IT WAS LIKE THIS:
COMMODITIES ARE DECLINING BECAUSE THE GLOBAL ECONOMY IS GOING INTO RECESSION...SO IF COMMODITIES DECLINE THE DOLLAR MUST GO UP! OK...I'LL BITE...
BUT THEN BECAUSE THE DOLLAR WAS UP ON THE BIG COMMODITES SELL OFF...STOCKS SOARED BECAUSE THAT COMMODITY MONEY HAD TO GO SOMEWHERE...
ERGO:
STOCKS WENT UP BECAUSE THE GLOBAL ECONOMY IS IN RECESSION...
AND ARE YOU READY FOR IT...?
GLOBAL RECESSIONS ARE GOOD FOR STOCKS!!
WELL...ANYWAY...THE CURTAIN WILL GO DOWN ON THIS WEEK... AND SOME LOGIC WILL RETURN TO THE MARKETS...
LIKELY THE MACROS WILL KICK IN AGAIN...
A STRUCTURALLY WEAK DOLLAR...WEAK GLOBAL GROWTH...HIGHER NOT LOWER COMMODITIES PRICES TO REFLECT THE DOLLAR, IPSO FACTO... AND LOWER STOCK PRICES TO REFLECT THE FACT THAT THE FED HAS TOTALLY FUCKED UP IT'S MONETARY POLICY.
THIS WEEK THE FED AND WALL STREET ESTABLISHED THEIR "NEW STORY LINE"...
(REMEMBER, I NOTED THAT THE STREET WAS DESPERATE TO GET OUT OF THIS CURRENT "NEWS CYCLE". PERHAPS IT DID THAT THIS WEEK.)
BUT NEXT WEEK THAT "NEW STORY" WILL BE TESTED...
AND PROBABLY FOUND WANTING...UNSUBSTANTIAL AND LIKELY COMPLETELY UNTRUE.
IN THE MEANTIME...
DON'T DRINK THE FED'S KOOL AID!
TRADERS DANCING IN THE BLOOD ON THE STREET!!
HOWS THAT FOR A MIXED METAPHOR ....?
AND REALLY QUITE TRUE....!!
WALL STREET LAUGHED SO HARD IT CRIED...OR IT CRIED SO HARD IT LAUGHED BY THE END OF THE WEEK...
THIS WAS ONE FUCKED UP WEEK...!
AND REALLY QUITE TRUE....!!
WALL STREET LAUGHED SO HARD IT CRIED...OR IT CRIED SO HARD IT LAUGHED BY THE END OF THE WEEK...
THIS WAS ONE FUCKED UP WEEK...!
Thursday, March 20, 2008
GOLD PLUNGE IS THE HEADLINE ON THE NY TIMES...!
HOW NUTS IS THAT...?
ESPECIALLY WHEN YOU CONSIDER THAT WHATS HAPPENING TO GOLD IS NUTS...AND ALL CAUSED BY THE MANIPULATIONS OF THE FED, WASHINGTON AND THEIR WALL STREET SHILLS...
MY HUNCH IS THAT THE FED WILL WISH GOLD WAS STILL THE "CRAZY AUNT IN THE ATTIC" BEFORE THIS CURRENT EPISODE IS OVER...!!
BE CAREFUL ABOUT DISSING THAT CRAZY AUNT...
STAY TUNED... IT'S GONNA GET WACKY!!
ESPECIALLY WHEN YOU CONSIDER THAT WHATS HAPPENING TO GOLD IS NUTS...AND ALL CAUSED BY THE MANIPULATIONS OF THE FED, WASHINGTON AND THEIR WALL STREET SHILLS...
MY HUNCH IS THAT THE FED WILL WISH GOLD WAS STILL THE "CRAZY AUNT IN THE ATTIC" BEFORE THIS CURRENT EPISODE IS OVER...!!
BE CAREFUL ABOUT DISSING THAT CRAZY AUNT...
STAY TUNED... IT'S GONNA GET WACKY!!
REAL ECONOMY PLUNGES...AS STOCKS SOAR...!
PRINT BEN...PRINT!! YEA BABY...!
I LOVE CRAZY...CRAZY IS GOOD!!
I LOVE CRAZY...CRAZY IS GOOD!!
STOCKS RALLY WILDLY ON DISMAL ECONOMIC OUTLOOK!!
THEY SAY WALL STREET CAN STAY IRRATIONAL LONGER THAN YOU CAN STAY SOLVENT...OR SANE LATELY...!
LET IT RUN... THIS TOO WILL END... JUST DON'T BET REAL MONEY ON IT...
THE GOLD BASH WILL BE A BIG BUYING OPPORTUNITY AFTER THE HOLIDAY...TILL THEN JUST IGNORE WALL STREET...
Oh, REALLY...? PARTY ON DUDES...!
POSTSCRIPT:
HERE FROM THE UK...A RARE RATIONAL STATEMENT FROM A PUNDIT... NICE TO SEE FROM TIME TO TIME...BUT IT IS FROM THE UK NOT WALL STREET...
NICE...A LITTLE SANITY FROM TIME TO TIME...IS ALL I ASK FOR REALLY...
LET IT RUN... THIS TOO WILL END... JUST DON'T BET REAL MONEY ON IT...
THE GOLD BASH WILL BE A BIG BUYING OPPORTUNITY AFTER THE HOLIDAY...TILL THEN JUST IGNORE WALL STREET...
The index "has sunk to levels that are generally seen only during recessions or the period immediately preceding one," wrote Tim Quinlan, an economist for Wachovia.
Oh, REALLY...? PARTY ON DUDES...!
POSTSCRIPT:
HERE FROM THE UK...A RARE RATIONAL STATEMENT FROM A PUNDIT... NICE TO SEE FROM TIME TO TIME...BUT IT IS FROM THE UK NOT WALL STREET...
(Investors) seem to be coming round to the notion that the deterioration in the U.S. (economic) picture cannot be ignored on the pretext that commodities are a 'weak dollar play' or an 'inflation hedge', and thus immune from downward pressure," said Edward Meir, an analyst at MF Global UK Ltd., in a research note.
NICE...A LITTLE SANITY FROM TIME TO TIME...IS ALL I ASK FOR REALLY...
DEMOCRATS GO FOR THE CLINTONS...MC CAIN IS THE NEXT PRESIDENT!
EVERYONE KNOWS THE BLACK GUY AIN'T GONNA GET IT...
PEOPLE AREN'T GOING TO TAKE A CHANCE ON "BLACK ANGER" IN THE WHITE HOUSE...
AND OBAMA'S WAFFLING ON HEALTH CARE IS NOT HELPING HIM.
HE SEEMS WAY TOO WILLING TO PLAY BALL WITH THE INSURANCE LOBBY ....
ALTHOUGH HILLARY IS SAID TO BE IN THE BACK POCKET OF THE INSURANCE LOBBY...
SO TAKE YOUR CHOICE...
IT WAS ALL A FANTASY AS BILL SAID...A HOWARD DEAN MOMENT.
PEOPLE AREN'T GOING TO TAKE A CHANCE ON "BLACK ANGER" IN THE WHITE HOUSE...
AND OBAMA'S WAFFLING ON HEALTH CARE IS NOT HELPING HIM.
HE SEEMS WAY TOO WILLING TO PLAY BALL WITH THE INSURANCE LOBBY ....
ALTHOUGH HILLARY IS SAID TO BE IN THE BACK POCKET OF THE INSURANCE LOBBY...
SO TAKE YOUR CHOICE...
IT WAS ALL A FANTASY AS BILL SAID...A HOWARD DEAN MOMENT.
QUEER TIMES IN IRAQ...
THE IRAQI LEADERSHIP IS IN SHAMBLES...
BUT THE IRAQI PEOPLE ARE "OPTIMISTIC"...
AFTER ALL, THE IRAQI PEOPLE DO HAVE NATIONAL HEALTH CARE...AT US TAXPAYERS EXPENSE!!
AND AMERICANS STILL NEED NATIONAL HEALTH CARE!!
NO WONDER THE IRAQIS ARE SO HAPPY...
THE BUSH-CHENEY CHECKBOOK HAS BEEN OVERFLOWING...FOR THE IRAQ ADVENTURE...!
BUT THE IRAQI PEOPLE ARE "OPTIMISTIC"...
AFTER ALL, THE IRAQI PEOPLE DO HAVE NATIONAL HEALTH CARE...AT US TAXPAYERS EXPENSE!!
AND AMERICANS STILL NEED NATIONAL HEALTH CARE!!
NO WONDER THE IRAQIS ARE SO HAPPY...
THE BUSH-CHENEY CHECKBOOK HAS BEEN OVERFLOWING...FOR THE IRAQ ADVENTURE...!
REAL NEWS WILL MAKE A "COME BACK" SOON...
LET THE SHILLS...SHILL FOR THE REST OF THE WEEK
REALITY WILL RETURN...PROBABLY AFTER THE EASTER BREAK...RIGHT NOW IT'S IMPOSSIBLE TO MAKE VALID COMMENTS ABOUT A MARKET THAT IS THIS IRRATIONAL...
BUT "MAGICAL THINKING" NEVER LASTS TOO LONG ON THE STREET.
REALITY WILL RETURN...PROBABLY AFTER THE EASTER BREAK...RIGHT NOW IT'S IMPOSSIBLE TO MAKE VALID COMMENTS ABOUT A MARKET THAT IS THIS IRRATIONAL...
BUT "MAGICAL THINKING" NEVER LASTS TOO LONG ON THE STREET.
MYSTERIOUS PLUNGE IN COMMODITIES CONTINUES....
WHO'SE BEHIND THE "MYSTERY PLUNGE"...
AND WHY...? WELL, STAY TUNED...
OR, READ THE POSTINGS BELOW...
WE HAVE SOME SERIOUS "END GAME" THINKING GOING ON IN VERY VERY HIGH PLACES...
AND MAKE NO MISTAKE ABOUT IT...
THE WORLD "AS WE HAVE KNOWN IT" IS AT RISK!!
FOR NOW...THE COMMODITIES BASH IS JOB ONE ON WALL STREET AND IN WASHINGTON...
I MEAN $4 GAS IS JUST A "NON-STARTER!" FOR THIS SUMMER...
SO THEY GOTTA DO...WHAT THEY GOTTA DO TO STOP IT...
EXACTLY HOW THIS IS "GOOD FOR" STOCKS IS QUESTIONABLE...
BUT RIGHT NOW... THE STREET AND WASHINGTON AREN'T REAL GOOD AT "EXECUTIVE REASONING" AND "MULTI-TASKING"...
AFTER ALL WE ARE STILL IN THE "BUSH YEARS...!"
AND WHY...? WELL, STAY TUNED...
OR, READ THE POSTINGS BELOW...
WE HAVE SOME SERIOUS "END GAME" THINKING GOING ON IN VERY VERY HIGH PLACES...
AND MAKE NO MISTAKE ABOUT IT...
THE WORLD "AS WE HAVE KNOWN IT" IS AT RISK!!
FOR NOW...THE COMMODITIES BASH IS JOB ONE ON WALL STREET AND IN WASHINGTON...
I MEAN $4 GAS IS JUST A "NON-STARTER!" FOR THIS SUMMER...
SO THEY GOTTA DO...WHAT THEY GOTTA DO TO STOP IT...
EXACTLY HOW THIS IS "GOOD FOR" STOCKS IS QUESTIONABLE...
BUT RIGHT NOW... THE STREET AND WASHINGTON AREN'T REAL GOOD AT "EXECUTIVE REASONING" AND "MULTI-TASKING"...
AFTER ALL WE ARE STILL IN THE "BUSH YEARS...!"
MY ADVISE: START YOUR EASTER VACATION TODAY...
IT'S GOING TO BE REAL CRAZY OUT THERE FOR A WHILE...
DURING THESE MANIC DEPRESSIVE EPISODES...IT'S BEST TO JUST WALK AWAY FROM THE MARKETS UNTIL SOME REALITY IS RESTORED...
THIS MARKET DESPERATELY NEEDS TO POP A LITHIUM...TAKE A TRANQ...AND REST OVER THE LONG WEEKEND...
"GOOD FRIDAY" WOULD BE A NICE PLACE TO START...
BUT ALL FRIDAYS ARE "GOOD" IN MY OPINION...
POSTSCRIPT ON GOLD AND OIL
THE DOWN DRAFT COULD BE MORE THAN EXPECTED SINCE THERE REALLY WERE NO SHORTS TO COVER... REMEMBER SHORT COVERING IS WHAT STOPS DOWNWARD SPIRALS...AND RECENTLY NO ONE HAS BEEN SHORTING COMMODITIES... IT'S SIMILAR TO THE DOTCOM BUBBLE DAZE IN THAT RESPECT... THE DOWNSIDES ARE HUGE WHEN THE SHORTS ARE DISCOURAGED AND OUT OF THE MARKET.
DURING THESE MANIC DEPRESSIVE EPISODES...IT'S BEST TO JUST WALK AWAY FROM THE MARKETS UNTIL SOME REALITY IS RESTORED...
THIS MARKET DESPERATELY NEEDS TO POP A LITHIUM...TAKE A TRANQ...AND REST OVER THE LONG WEEKEND...
"GOOD FRIDAY" WOULD BE A NICE PLACE TO START...
BUT ALL FRIDAYS ARE "GOOD" IN MY OPINION...
POSTSCRIPT ON GOLD AND OIL
THE DOWN DRAFT COULD BE MORE THAN EXPECTED SINCE THERE REALLY WERE NO SHORTS TO COVER... REMEMBER SHORT COVERING IS WHAT STOPS DOWNWARD SPIRALS...AND RECENTLY NO ONE HAS BEEN SHORTING COMMODITIES... IT'S SIMILAR TO THE DOTCOM BUBBLE DAZE IN THAT RESPECT... THE DOWNSIDES ARE HUGE WHEN THE SHORTS ARE DISCOURAGED AND OUT OF THE MARKET.
WHAT DID THE FED GET FOR IT'S 75 BP CUT...
THE FED' S MASSIVE RATE CUT WAS CONSIDERED TO BE "INFLATIONARY"...BY MANY GLOBAL TRADERS.
BUT THE FED SHILLS ARE FRANTICALLY WORKING ON THE "MOTHER OF ALL GOLD BASHES" NOW ....TO "PROVE" THAT IT ISN'T....
SO, THE "REAL NEWS" ON THE ECONOMY HAS MOSTLY BEEN BELOW THE FOLD FOR THE LAST TWO DAZE...
OR "SPUN" LIKE IN THE OLD DOT-COM BUBBLE DAZE...!
SO THE BIG INVESTMENT HOUSES RECENTLY...MERELY... "BEAT EXPECTATIONS"... BUT NO ONE MENTIONS WHERE THE EXPECTATIONS CAME FROM...OR IF IT'S A "GOOD THING!" PERHAPS "BEATING BY A PENNY" WILL BE THE NEW THING FOR THE BIG INVESTMENT BANKS...ALA PETS.COM!!
THE BIG FED STOCK RALLY "LASTED" ABOUT HALF A DAY...AND EVEN THAT REQUIRED MASSIVE PROGRAM TRADES BY THE FED SHILLS TO "SUPPORT" THE MARKET...ALL DAY LONG AFTER THE CUTS WERE ANNOUNCED.
BUT IT'S SORT OF LIKE "THE SURGE" IN IRAQ....IT WAS SUPPOSED TO GIVE FOLKS TIME TO SORT THINGS OUT...
WELL...MY HUNCH IS THAT THINGS HAVE BEEN SORTED OUT...
EVERYONE IS WAITING FOR GOLD TO BOTTOM OUT...
THEN... IT'S BACK TO MACRO BASED TRADING AGAIN...
AND PROBABLY ANOTHER RATE CUT NEXT MONTH!!
BUT DON'T WORRY ABOUT THAT NOW...
CRAMER HAS IT "HANDLED!!" LOL....
BUT THE FED SHILLS ARE FRANTICALLY WORKING ON THE "MOTHER OF ALL GOLD BASHES" NOW ....TO "PROVE" THAT IT ISN'T....
SO, THE "REAL NEWS" ON THE ECONOMY HAS MOSTLY BEEN BELOW THE FOLD FOR THE LAST TWO DAZE...
OR "SPUN" LIKE IN THE OLD DOT-COM BUBBLE DAZE...!
SO THE BIG INVESTMENT HOUSES RECENTLY...MERELY... "BEAT EXPECTATIONS"... BUT NO ONE MENTIONS WHERE THE EXPECTATIONS CAME FROM...OR IF IT'S A "GOOD THING!" PERHAPS "BEATING BY A PENNY" WILL BE THE NEW THING FOR THE BIG INVESTMENT BANKS...ALA PETS.COM!!
THE BIG FED STOCK RALLY "LASTED" ABOUT HALF A DAY...AND EVEN THAT REQUIRED MASSIVE PROGRAM TRADES BY THE FED SHILLS TO "SUPPORT" THE MARKET...ALL DAY LONG AFTER THE CUTS WERE ANNOUNCED.
BUT IT'S SORT OF LIKE "THE SURGE" IN IRAQ....IT WAS SUPPOSED TO GIVE FOLKS TIME TO SORT THINGS OUT...
WELL...MY HUNCH IS THAT THINGS HAVE BEEN SORTED OUT...
EVERYONE IS WAITING FOR GOLD TO BOTTOM OUT...
THEN... IT'S BACK TO MACRO BASED TRADING AGAIN...
AND PROBABLY ANOTHER RATE CUT NEXT MONTH!!
BUT DON'T WORRY ABOUT THAT NOW...
CRAMER HAS IT "HANDLED!!" LOL....
MARKET MELEE...!! IT'S THE FED SHILLS vs. THE MACRO GLOBAL TRADERS!!
WANNA JOIN THE MELEE...?
CONSIDER:
THE MACRO BASED GLOBAL TRADER HAS BECOME FASHIONABLE LATELY...
HENCE THIS YEAR'S BIG RUN UP IN GOLD AND OIL... AND THE PLUNGE OF THE DOLLAR...
BUT THE FED..AND ITS SHILLS AND CLIENTS ON WALL STREET...DON'T REALLY "COTTON" TO MACRO...OR "REALITY" BASED TRADING...
WALL STREET AND THE FED PREFER...A MORE "FICTIONALIZED" NOTION OF GLOBAL INVESTING...
THE WALL STREET/FED VIEW IS THAT THE DOLLAR IS "EXCEPTIONAL"...
AND THAT AMERICA IS STILL A "GREAT ECONOMY"...
AND THAT ALL FOREIGNERS WOULD LOVE TO FLOCK HERE WITH THEIR NEWLY PRINTED PAPER DOLLARS ...TO "INVEST IN" THE "GREATEST ECONOMY IN THE WORLD..."
YADA, YADA, YADA...ALL BULLSHIT!!
THE FACT THAT THE GREATEST ECONOMY IN THE WORLD HAS BEEN RUNNING ON ASSET BUBBLES FOR TEN YEARS...
AND THAT THE GREATEST ECONOMY IN THE WORLD DOESN'T HAVE A "MANUFACTURING SECTOR" ANYMORE...
AND THAT THE TRADE AND BUDGET DEFICITS AND "WAR SPENDING" ARE STRUCTURAL AND PERMANENT IN THE US...
HAS BEEN COMPLETELY IGNORED BY THE FED AND WALL STREET!
BECAUSE WE DON'T EVEN TALK ABOUT "THAT STUFF" ANYMORE...
THIS SHOULD BE A SIGNAL THAT SOMETHING IS NOT RIGHT ON WALL STREET AND AT THE FED....
THE FED/WALL STREET BULLSHIT NOTION OF THE US ECONOMY PREVAILED FOR A LONG WHILE...TWENTY YEARS OR MORE...AND PEAKED IN THE 1990'S...
BUT LATELY THERE ARE SIGNS THAT A MORE REALITY BASED WORLD VIEW IS COMING BACK INTO FAVOR...
WHAT WE HAVE GOING ON RIGHT NOW... IS A CLASSIC BATTLE BETWEEN THE FED AND IT'S SHILLS... WHO SUPPORT THIS "FICTIONAL VIEW" OF THE AMERICAN ECONOMY...
AND THE INCREASINGLY GLOBAL "MACRO-TRADERS" WHO ARE MORE REALITY AND TEXTBOOK BASED...
IN THE LONG RUN...THE MACRO GUYS WIN...
BUT DON'T EXPECT THE FED AND THE WALL STREET SHILLS TO GIVE UP EASILY...OR QUICKLY... THIS MELEE HAS SOME TIME TO RUN...
AS THIS WEEK CLEARLY SHOWS..!!
CONSIDER:
THE MACRO BASED GLOBAL TRADER HAS BECOME FASHIONABLE LATELY...
HENCE THIS YEAR'S BIG RUN UP IN GOLD AND OIL... AND THE PLUNGE OF THE DOLLAR...
BUT THE FED..AND ITS SHILLS AND CLIENTS ON WALL STREET...DON'T REALLY "COTTON" TO MACRO...OR "REALITY" BASED TRADING...
WALL STREET AND THE FED PREFER...A MORE "FICTIONALIZED" NOTION OF GLOBAL INVESTING...
THE WALL STREET/FED VIEW IS THAT THE DOLLAR IS "EXCEPTIONAL"...
AND THAT AMERICA IS STILL A "GREAT ECONOMY"...
AND THAT ALL FOREIGNERS WOULD LOVE TO FLOCK HERE WITH THEIR NEWLY PRINTED PAPER DOLLARS ...TO "INVEST IN" THE "GREATEST ECONOMY IN THE WORLD..."
YADA, YADA, YADA...ALL BULLSHIT!!
THE FACT THAT THE GREATEST ECONOMY IN THE WORLD HAS BEEN RUNNING ON ASSET BUBBLES FOR TEN YEARS...
AND THAT THE GREATEST ECONOMY IN THE WORLD DOESN'T HAVE A "MANUFACTURING SECTOR" ANYMORE...
AND THAT THE TRADE AND BUDGET DEFICITS AND "WAR SPENDING" ARE STRUCTURAL AND PERMANENT IN THE US...
HAS BEEN COMPLETELY IGNORED BY THE FED AND WALL STREET!
BECAUSE WE DON'T EVEN TALK ABOUT "THAT STUFF" ANYMORE...
THIS SHOULD BE A SIGNAL THAT SOMETHING IS NOT RIGHT ON WALL STREET AND AT THE FED....
THE FED/WALL STREET BULLSHIT NOTION OF THE US ECONOMY PREVAILED FOR A LONG WHILE...TWENTY YEARS OR MORE...AND PEAKED IN THE 1990'S...
BUT LATELY THERE ARE SIGNS THAT A MORE REALITY BASED WORLD VIEW IS COMING BACK INTO FAVOR...
WHAT WE HAVE GOING ON RIGHT NOW... IS A CLASSIC BATTLE BETWEEN THE FED AND IT'S SHILLS... WHO SUPPORT THIS "FICTIONAL VIEW" OF THE AMERICAN ECONOMY...
AND THE INCREASINGLY GLOBAL "MACRO-TRADERS" WHO ARE MORE REALITY AND TEXTBOOK BASED...
IN THE LONG RUN...THE MACRO GUYS WIN...
BUT DON'T EXPECT THE FED AND THE WALL STREET SHILLS TO GIVE UP EASILY...OR QUICKLY... THIS MELEE HAS SOME TIME TO RUN...
AS THIS WEEK CLEARLY SHOWS..!!
MOTHER OF ALL GOLD BASHES...EXPLAINED. GOLD: THE CRAZY AUNT...NO MORE!
THIS GOLD AND COMMODITIES BASHING...RIGHT ON THE HEELS OF THE HUGE AND SOMEWHAT ILL ADVISED RATE CUT BY THE FED...WAS PROBABLY PLANNED BY THE FED AND IT'S SHILLS....
EVERYONE KNOWS THAT THE FED AND IT'S SHILLS HAVE BEEN BASHING GOLD FOR YEARS... MAINLY IN SUPPORT OF THE PAPER ASSET BUBBLES...AND MORE RECENTLY IN SUPPORT OF THE DOLLAR...
BUT THE DOLLAR HAS BEEN IN THE INTENSIVE CARE UNIT....LATELY...
HENCE THE NEED FOR THE MOTHER OF ALL GOLD BASHES....!!
AND OF COURSE OIL IS IN THE MIX...CREATING A POTENTIALLY SLIPPERY SITUATION FOR INFLATION...
MY HUNCH IS THAT THIS COMMODITIES PLUNGE...WHICH STARTED EXACTLY AT 2:15PM...ON THE VERY DAY OF THE FED'S BIG RATE CUT GAMBLE...IS VERY, VERY MANAGED...
SOME WOULD SAY...WELL, IT'S PROFIT TAKING... AND SURE IT IS...BUT IT WAS CAUSED BY THE FED'S GOLD BASHING PROGRAM...NOW ON STEROIDS!!
JUST LIKE THE FED'S RELIANCE ON "SHORT COVERING" TO BOOST THE MARKETS...AFTER OTHER RATE CUTS...
SO, THIS MOTHER OF ALL GOLD BASHES WAS PLANNED AROUND THE RISKY RATE CUT THAT BERNANKE PROMISED THE SPECULATORS ON WALL STREET....
MY HUNCH IS THAT THIS WILL BE A "HEALTHY" PULL BACK IN GOLD AND COMMODITIES....AND THAT THE DOLLAR IS STILL FUNDAMENTALLY WEAK...AS ALL THE NEWS WILL INDICATED...
AND THAT THERE IS A NICE... PERHAPS VERY NICE BUYING OPPORTUNITY IN GOLD AND OIL COMING UP SOON...
LET THE FED DO THEIR THING...THE FUNDAMENTALS ARE WITH THE "TEXTBOOK" TRADERS... LET THE COMMODITIES TRADERS "TAKE THEIR PROFITS"...ITS A HEALTHY THING...
BUT THE NOTION THAT SOMETHING HAS CHANGED...AND THE DOLLAR IS GOING TO GO UP LONGER TERM...AND OIL AND GOLD PLUNGE BACK TO 1990'S LEVELS...
IS JUST A BIT TOO NUTS TO BE BELIEVED...
WHEN IN DOUBT...STEP BACK AND CRACK OPEN THE OLD ECON 101 TEXTBOOK...OR BETTER YET THE MACROECONOMICS 301 TEXTBOOKS...
THEREIN YOU WILL FIND THE TRUTH... NOT ON THE PAGES OF THE WALL STREET JOURNAL...THESTREET.COM...OR ON TOUT TV...!!
IT'S THE MOTHER OF ALL GOLD BASHES... ENJOY IT!!
GOLD IS NOW BEING TREATED LIKE ANY OTHER "VALID INVESTMENT" WHERE WIDE SPREAD PARTICIPATION IS SEE...
GOLD IS NO LONGER THE CRAZY AUNT LOCKED IN THE ATTIC!!
CELEBRATE THE RECENT GOLD PLUNGE ....
DON'T FEAR IT!
GOLD IS BACK! GOLD IS NOW MAINSTREAM!
EVERYONE KNOWS THAT THE FED AND IT'S SHILLS HAVE BEEN BASHING GOLD FOR YEARS... MAINLY IN SUPPORT OF THE PAPER ASSET BUBBLES...AND MORE RECENTLY IN SUPPORT OF THE DOLLAR...
BUT THE DOLLAR HAS BEEN IN THE INTENSIVE CARE UNIT....LATELY...
HENCE THE NEED FOR THE MOTHER OF ALL GOLD BASHES....!!
AND OF COURSE OIL IS IN THE MIX...CREATING A POTENTIALLY SLIPPERY SITUATION FOR INFLATION...
MY HUNCH IS THAT THIS COMMODITIES PLUNGE...WHICH STARTED EXACTLY AT 2:15PM...ON THE VERY DAY OF THE FED'S BIG RATE CUT GAMBLE...IS VERY, VERY MANAGED...
SOME WOULD SAY...WELL, IT'S PROFIT TAKING... AND SURE IT IS...BUT IT WAS CAUSED BY THE FED'S GOLD BASHING PROGRAM...NOW ON STEROIDS!!
JUST LIKE THE FED'S RELIANCE ON "SHORT COVERING" TO BOOST THE MARKETS...AFTER OTHER RATE CUTS...
SO, THIS MOTHER OF ALL GOLD BASHES WAS PLANNED AROUND THE RISKY RATE CUT THAT BERNANKE PROMISED THE SPECULATORS ON WALL STREET....
MY HUNCH IS THAT THIS WILL BE A "HEALTHY" PULL BACK IN GOLD AND COMMODITIES....AND THAT THE DOLLAR IS STILL FUNDAMENTALLY WEAK...AS ALL THE NEWS WILL INDICATED...
AND THAT THERE IS A NICE... PERHAPS VERY NICE BUYING OPPORTUNITY IN GOLD AND OIL COMING UP SOON...
LET THE FED DO THEIR THING...THE FUNDAMENTALS ARE WITH THE "TEXTBOOK" TRADERS... LET THE COMMODITIES TRADERS "TAKE THEIR PROFITS"...ITS A HEALTHY THING...
BUT THE NOTION THAT SOMETHING HAS CHANGED...AND THE DOLLAR IS GOING TO GO UP LONGER TERM...AND OIL AND GOLD PLUNGE BACK TO 1990'S LEVELS...
IS JUST A BIT TOO NUTS TO BE BELIEVED...
WHEN IN DOUBT...STEP BACK AND CRACK OPEN THE OLD ECON 101 TEXTBOOK...OR BETTER YET THE MACROECONOMICS 301 TEXTBOOKS...
THEREIN YOU WILL FIND THE TRUTH... NOT ON THE PAGES OF THE WALL STREET JOURNAL...THESTREET.COM...OR ON TOUT TV...!!
IT'S THE MOTHER OF ALL GOLD BASHES... ENJOY IT!!
GOLD IS NOW BEING TREATED LIKE ANY OTHER "VALID INVESTMENT" WHERE WIDE SPREAD PARTICIPATION IS SEE...
GOLD IS NO LONGER THE CRAZY AUNT LOCKED IN THE ATTIC!!
CELEBRATE THE RECENT GOLD PLUNGE ....
DON'T FEAR IT!
GOLD IS BACK! GOLD IS NOW MAINSTREAM!
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