Wall Street Lunacy 2006

Current Topics 2006

Financial Lunacy 2006

Wall Street Lunacy 2007

World Indices Weekly Closing Prices

Wall Street Lunacy, 1st Quarter, 2008      

Full Moons, Fraud, and Lunatics. What More Can Be Said.

Background to the Current Economic Crisis from Al Peia

Al Peia Summary

Current Market Numbers/Closing Prices From Yahoo

NEWS FLASH: Direct from Lost Angeles Learning Annex � Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia mob fame with his continuing message for the past several years: buy real estate (and watch the values go down�..riiiiight!).
Bank sues Trump over Chicago tower loan...
Trump casino to miss interest payment...
trump�s fired

Trump luxury resort folds, leaving buyers defrauded�litigation has commenced�send for sister maryanne, the corrupt federal judge to preside, coverup, etc., she�s in n.y./n.j./pa 3rd circuit ct appeals, understands drug money laundering/fraud and handles her own motions to recuse her and like mobster trump should be in jail �... (see RICO Case)

(3-31-09) 7,608.92 +86.90 +1.16% To stamp out fraud, no change from suckers� rally worth reporting for second, third, fourth weeks of March -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,528.59 +26.79 +1.78% To stamp out fraud, no change from suckers� rally worth reporting for second, third, fourth weeks of March -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� 797.87 +10.34 +1.31% To stamp out fraud, no change from suckers� rally worth reporting for second, third, fourth weeks of March -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $49.66� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.96 (reg. gas in LAND OF FRUITS AND NUTS� $2.20 REG./ $2.38 MID-GRADE/ $2.58 PREM./ $2.38 DIESEL)/ GOLD $922.65 [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.98 PLATINUM $1120/ DOLLAR= .75 EURO, 98 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.68% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Absolutely, Absurdly, Ridiculous!� Suckers� bear market rally continues to keep suckers suckered and commission dollars flowing by window-dressing this past month (and quarter) with gains based on bad news and hence bull s**t alone so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �Global Meltdown, Part III ���$$] It's Only Window-Dressing ����Why This Is Just Another Bear Market Rally ��All news decisively negative with prospectively negative implications as the jawboners/frauds talk up that ever elusive bottom for stocks/real estate despite reality indicating otherwise [have you noticed the wide divergence of private reports (though somewhat skewed to the upside because of flawed/fake data they must rely upon from the government) as opposed to false government reports]. Confidence near historically record lows and Case/Shiller index showing declining real estate values (-19.4%)� Home Prices in 20 U.S. Cities Fell by a Record 19% ���with declines at highest rate on record�� Global Meltdown, Part III �������$$] It's Only Window-Dressing ����Why This Is Just Another Bear Market Rally����� An Autopsy of the Glass-Steagall Act ����U.S. Spending 100% of GDP on Bailouts and Related Programs ����TARP Watchdog: �We Do Not Seem To Be A Priority For The Treasury Department� ����NEWS BROKE: SUN-TIMES Files For Bankruptcy, Both Major Chicago Dailies Now In Chapter 11... ����Ontario, CA, Tent City Residents Required to Wear Wristbands ������Government website now offers �suicide warning signs� for victims of recession �.

�� THE FOLLOWING AT LEAST TO PREVIOUS (3-30-09) IS MUST READ:

Art Hogan recently summed up choosing stocks in this environment thusly: �pick the best-looking horse at the glue factory��..I think he was as a courtesy to his industry overly generous. The administration pitches hardballs to the auto industry while continuing to pitch powder puffs to the wall street frauds who have perpetrated the largest (securities) fraud in recorded history, turning a cyclical downturn into what is now unavoidably depression, putting beleagered taxpayers in the unfathomable position of funders/guarantors of the scam/fraud in bailing out the perpetrators of the crimes (bush�s infamous base) who have financially benefited enormously (fees, commissions, spreads, points, salaries, expenses, bonuses, etc.) from their fraud/crimes. Still not even one prosecution from this administration even though disgorgement, the legal remedy among other criminal penalties, would aid the defacto bankrupt u.s. treasury!
ON WHETHER BEN BERNANKE HAS REDEEMED HIMSELF AND WHAT THAT MEANS FOR STOCKS:

I do not think so. On the contrary, I think what the government is doing and its economic "dream team" under Mr. Bernanke and Mr. Geithner and Mr. Summers are going to be, from a longer term point of view, rather negative.
But, you understand, we can all sit here and say it will all end in disaster. That I'm sure. But, in the meantime, we can have big moves in markets.

On the new bad assets purchase plan:

I think he's doing the politically expedient thing from a very short term perspective. If you have cracks in your walls and just put paint on it, it will hide them and then you sell your house. But it won't solve the problems of the cracks - it's the next owner and these are the children of the current taxpayer who will pay for it.� Marc Faber: 'It Will All End in Disaster' ���

China calls for new global currency (AP)��� Why Goldman Sachs Should Return Its TARP Money (at Seeking Alpha)��� Marc Faber: 'It Will All End in Disaster' ���Congresswoman presses Geithner on connections to Goldman Sachs ���Gerald Celente Predicts Economic Armageddon by 2012 ����Geithner Plan Will Rob US Taxpayers: Stiglitz

It bears repeating, so preposterous was 3-23-09 Pavlov dogs rally [conditioning to associate what�s good for fraudulent wall street, viz., privatizing profits � still not one prosecution for what now is the largest fraud/scam/swindle in the history of this planet � and socializing the losses, is somehow positive for america/the economy by the magnitude of this suckers� bear market rally and prior market manipulations] when the same created the instant crisis in the first instance (don�t worry about the frauds on wall street, they�ll get their commissions again on the way down as they did in creating this financial debacle/fraud as they clamor for more taxpayer/treasury money).� They�re still printing/creating those worthless Weimar dollars like mad, China Urges New Money Reserve to Replace Dollar ,don�t know what they�re doing, are clueless, and disingenuously seek to divert attention from the missing/stolen/bilked $14 trillion of taxpayer money with the subterfuge of outrage over the relatively miniscule though not unimportant million dollar bonuses (AIG, etc.), so-called fixes/plans, etc., so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �What the Pros Say: US Is Now �Bankrupt� ��US is Already Bankrupt: Analyst ��U.S. Budget Office offers darker economic and deficit outlook��� ��The Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed ���U.N. panel says world should ditch dollar ����

Fierman: How quickly things change�..
Some stats from today�s rally:
S&P: +54 (7.1%) to 823
Dow: +497 (+6.8%) to 7776
NYSE Up Volume: 1,866,836,012
NYSE Down Volume: 44,683,760
NYSE Total Volume: 1,914,836,622
It was just 2 weeks ago (March 9th) that the S&P closed at 12-year lows and the stock market felt like it was forecasting the end of the world. We�ve now rallied 22% in 2 weeks! But if we look at the catalysts for this rally, they really don�t seem to justify such an explosive move. Citi said they were profitable in the first two months of the year and JP Morgan (JPM) and Bank of America (BAC) said they were too. The Fed initiated some serious quantitative easing. And now Geithner�s toxic asset plan this morning. I agree with the Capital Spectator when he wrote this morning:

We�re skeptical largely because the rally this month has drawn power primarily from a new round of hope that Washington�s various experiments to right the economy will finally hit pay dirt. Perhaps, but it�s not the stuff that powers sustainable rallies, much less secular bull markets.

I�M A SELLER OF THIS RALLY AT THIS POINT�..

Lawrence York

�Treasury Secretary Geithner has released his plan to mop-up the toxic assets held by banks that threaten their solvency and the global financial system. Accordingly, the plan purposes that private equity firms partner with the Fed to purchase bank assets at some discount set by the private firms at auction. Then the Fed will leverage the purchase six-fold to buy more bank assets and assume all the risk of leverage. In other words, private firms will set the price and then put up half the initial purchase price. The Fed will then put up non-recourse loans to purchase six times more debt at the same price to be owned by the joint venture partners. If the deal works private equity splits the booty equally. If the deal fails, the government loses upwards to six times taxpayer's money and private equity loses only its original equity match equal to 1/6 the total loss.

Flabergasted? Don't be. How often can you cut a deal where you get to set the price and your partner puts in six times your money and you split the profit. IF THESE DEAL TERMS DON'T UNDERSCORE WHY THE GOVERNMENT SHOULD NOT HANDLE YOUR MONEY AND WHY THE GOVERNMENT SHOULD STAY OUT OF BUSINESS, WHAT DOES? Other deal terms are that the Fed will designate the private equity players, at least initially. Could it be that the Fed is creating another pass-through mechanism to simultaneously bail out or reward its friends? If so, look for Goldman Sachs (GS), Merrill, Blackstone (BX), Carlye Group, Texas Pacific Group, and perhaps Bear Stearns to be players. Look also for the typical MOS of some Structured Investment Vehicle, not much different from the Maiden Lane III SIV, to backstop or divert money where it needs to be--by gratuitous selection that is. Oh, and never mind that Private Equity may be joined by the Libyan Investment Authority (LIA and Private Equity article by Financial Times) as Private Equity at present is having a bit of a liquidity crunch with their own deflated, illiquid assets. In short, the Geithner Toxic Asset Plan is just another bank bailout and footnote to this era of 'Dark Capitalism" where profits are reaped and losses socialized in an ever transparent way.�

Trevisani: ��The beginning of quantitative easing calls all three ideas in question; it increases the supply of dollars effectively lowering US interest rates well below Europe�s; the need for such an unprecedented step undermines the hope for a US recovery; and a devaluing dollar cannot be a safe haven. Add the projected Federal deficits and the dollar begins to look very vulnerable. If the Europeans go down the same quantitative road then the dollar�s disabilities may be matched by the euro�s. But if they are not, then the Bernanke dollar call may not be an option to buy but a call to sell�� China and most of the financial world outside the u.s. agrees with the latter. China Urges New Money Reserve to Replace Dollar������ �������Kremlin to Pitch New Currency...���



EMBRACE THE BEAR By Rev Shark There is an old saying that in a bear market, we slide down the slope of hope. Unfortunately, we have seen plenty of good examples of how that works over the past year. We have had dozens of new initiatives to try to bolster the economy that create hope for a few days. The market will get excited and we'll have some big point gains, but then doubts begin to surface about how easily it will be to turn this economic supertanker that is going over a waterfall. The buying stalls out, a few dip-buying attempts are made, but eventually we break support levels and more downside ensues. That is classic bear market action but the standard Wall Street reaction is to not accept it�[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc. - Analyst Andre Egleshion puts the amount at $600+trillion] �INVESTORS �..FOOLED (at least today) By Rev Shark �..realization that economic stimulus isn't going to be nearly as simple or easy (or effective) as it sounds. We aren't going to spend our way out of this economic spiral �We'd probably be better off if the government did less rather than more. The great likelihood is that the unintended consequences we suffer will prolong the whole cycle. We have to let some bad businesses and financial institutions fail�

 


HERE�S THE REAL DEAL:
��� SUMMARY/RECAP OF LORIMER WILSON 3-17-09 ANALYSES/REVIEW
Harry Dent, Jr.
Economy will be in a Depression by 2011

The worst of this next depression is likely to hit between mid-2010 and mid-2013, especially around early 2011, but if the banking system continues to implode a deep downturn or depression could begin sometime in 2009 instead of 2010.
Dow will Fall to 3,800 � 4,500 by 2012
Nasdaq will Fall Below 1,100,
its 2002 low, by late 2010 or mid-2012 at the latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline

Housing will Decline by 40 � 60% from Today�s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012

Russell Napier is the author of the book �Anatomy of the Bear�, a professor at the Edinburgh Business School and a consultant to CLSA Ltd. which is one of the top research houses in Asia. Napier�s research indicates (and I paraphrase) that:
The S&P 500 will Decline to 400 by 2014 (the Dow 30 to 3800)
The S&P 500 will then undergo a major crash that will see U.S. equity prices bottom at almost 50% below current levels (i.e. to 400 or less; the Dow 30 to 3800 or less) sometime around 2014 as Tobin�s �q� drops to 0.3 signaling the end of the bear market, as it has done at the end of the four largest U.S. market declines in 1921, 1932, 1949 and 1982.
U.S. Treasury Sales Could Collapse Leading to End of U.S. Dollar as Reserve Currency

Robert R. Prechter Jr. is author of a number of newsletters and books including �Elliott Wave Principle� (1978) in which he predicted the super bull market of the 1980s; �At the Crest of the Tidal Wave � A Forecast of the Great Bear Market� (1995) in which he predicted a slow motion economic earthquake, brought about by a great asset mania, that would register 11 on the financial Richter scale causing a collapse of historic proportions; and �Conquer the Crash: You can Survive and Prosper in a Deflationary Depression� (2002) in which he described the economic cataclysm that we are just beginning to experience and advised how to position one�s self financially during that period of time.
Depression is Imminent
The Dow Jones Industrial Average will go down to at least 1000, most likely to below 777 which was the starting point of its mania back in August 1982, and quite likely drop below 400 at one or more times during the bear market.

�� Regulator: Before Banks Collapsed, They Pleaded With Feds To Let Them Fudge Their Books Ryan Grim | Before financial institutions collapsed, they went to the Financial Accounting Standards Board, pleading for a change in mark-to-market accounting rules so that they can continue to appear to be solvent on their balance sheets and hence, continue to defraud the public as they are now once again trying to do. This says it all!� Will FASB remain viable by resisting fudge/fraud� factor.� Suckers� bear market rally�� ( Citigroup Inspired Bear Market Suckers� Rally �) to keep the suckers suckered and commission dollars flowing to the frauds on wall street

 

Why we think this is a (suckers�) bear market rally:

Citing 13 reasons that the bear will continue in spite of this rally seems appropriate.

1. Current P/E: the current 20+ P/E on trailing �as reported earnings� is too high for this set of negative sales, earnings and dividends growth conditions.

2. Forward P/E: the projected 2010 S&P 500 earnings by Standard and Poor�s at about $40 would only support 800 at best (20 P/E), and more likely would support 600 (15 P/E), assuming there was a general recovery under way � before that time, the current market should sell for less than 800, and perhaps less than 600.

3. Earnings: profits are still declining in the aggregate

4. Dividend Yield: banks and other companies continue to cut dividends, reducing stock appeal and putting total return in question until dividends stabilize and begin to grow (historically dividends generated about 1/3 of total return for the S&P 500)

5. Revenue: overall sales are down � declining sales, earnings and dividends are not reasons for bullish markets.

6. World GDP Growth: credible parties (Goldman Sachs, IMF, and noteworthy individuals, such as Nouriel Roubini, predict worsening global economies) � until forecasts for improvements within 12 months or less for the US or world economies become prevalent, the market is unlikely to �anticipate� with a sustainable trend reversal to a bull

7. Government Intervention: the US and global economies are currently highly government policy dependent, and while policies are becoming more clear, they are not all revealed, and there are suggestions more may be needed � the resulting uncertainty warrants low valuation until government policies to �save� and �stimulate� economies are no longer the centerpiece of investor hopes and earnings prospects

8. Real Estate: the US and global real estate asset deflation continues with waves of negative impact on household and institutional wealth � until property prices stabilize, or are believed to be about to stabilize, a new bull market will have difficulty gaining traction.

9. Other Bank Shoes to Drop: the major banks have not yet experienced likely future write-downs associated with non-mortgage asset types, such as credit cards and auto loans.

10. Auto Industry: the fate of GM, Chrysler and the entire supply chain is uncertain with unknown government involvement.

11. LBOs: private equity firms built on leverage may not be able to continue to service and rollover the debt they used to make recent optimistic acquisitions � those debts could be a further burden on the financial sector.

12. Retirees and Pre-Retirees: the 55 and over crowd who control the largest portion of US private assets are not as likely to risk their life accumulations in stocks relative to bonds as they were in the boom times of the last couple of decades � that will delay the onset of a bull and subdue the extent of a bull when it occurs

13. Credit Availability: the credit and leverage availability that helped the US stock market recover from the 2002-2003 bottom is not available at this time to increase household expenditures and corporate capital investment � even the US government may be put on credit rationing by China, which today said it is �worried� about the credit quality of their US Treasury holdings, which has implications about their willingness to support the borrowing our �stimulus� programs require and assume to be available.���� By Richard Shaw

 

 

Analyst Andre Egleshion points to continuing effect of credit default swaps and pegs the amount of the worthless, fraudulent (previously sold, commissioned, repackaged, resold, re-commissioned, etc.) securities at $600-$675 TRILLION, their continued effect on money pit AIG, that fed�s received $11.7 trillion since 2008 yet refuses transparency as to where funds spent, who received same, etc., agrees with comment that shockingly no prosecutions yet,� economy re-tooling, need for stiffer regulation, points to historical fact that fiat currencies and private central banks have consistently failed, sees hyperinflation with dollar weakness (printed/created like mad) and higher oil. Hopes for funny assets [in addition to funny money, other fraud, relaxation of rules/laws/enforcement (real asset values) (remember the exemption from RICO garnered by fraudulent wall street-those campaign contributions really pay off, etc.) ], spur suckers� bear market short-covering rally �to keep the suckers suckered and commission dollars flowing to the frauds on wall street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� NOW LISTEN HERE, FOR THIS IS TRUTH!: There is not enough money in the entire world to cover the fraudulent securities foisted/commissioned/ distributed/sold by the wall street frauds/perpetrators which if assumed/guaranteed by the u.s. government (don�t forget that social security/medicare are already technically insolvent/bankrupt - all monies/reserves going into the general account and already and continually spent) will only guaranty the insolvency of / worthlessness of the currency of the u.s. treasury. Cost to buy protection against U.S. government default surges�� Frank just said that he wants to prosecute those who�ve caused this crisis�waxman was supposedly doing just that in part� (fog of war fraud-360 tons of $100 dollar bills stolen), etc�. If they don�t do this as said, among others, they should be forced resign as complicit. THERE IS NO MYSTERY HERE; HENCE, NONE SHOULD BE AFRAID TO LOOK, PROSECUTE, AND FORCE DISGORGEMENT!�� �Celente: U.S. Has Entered �The Greatest Depression� ���� Watch for fake reports and continued jawboning/spin/b.s. regarding bailout/stimulus as they are desperate yet remain protective of the criminals who caused the crisis with their fraud in staggering amounts far beyond the substantial scam by madoff ($50 billion) who now audaciously from his $7 million NYC penthouse seeks ownership of same along with $62 million (only in systemically fraudulent america). Why are they not seeking disgorgement from the criminals who benefited from the huge multi-trillion dollar fraud they perpetrated? No one yet has asked tiny tim geithner where the missing $4 trillion at the fed is�Why? Then there�s the $2 trillion in taxpayer money, the destination of which the fed refuses disclosure of�Fed Hides Destination Of $2 Trillion In Bailout Money ��Why? How? This is criminal activity of monumental proportion, yet protected by the bureaucratic complicit frauds (I�ve experienced this directly in my RICO case), damaging lives here and abroad.� Then there�s also the illegal wars, war-profiteering, war crimes, etc., that have bankrupted this nation, killed many innocents, etc., [remember, ie., the 360 tons of hundred dollar bills flown into Iraq that democrats/land of fruits and nuts henry waxman (doesn�t he look like a hedgehog or some other rodent) the lying fraud talked endlessly about while republicans were at the helm, yet nothing�no prosecutions�the frauds who stole that money should put same in the failed �stimulus fraud pot��at the least, etc.].�� An analyst previously said 2011-2014 earliest for bottoming at best. Another analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. �[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society.�

PREVIOUS (3-30-09), Art Hogan recently summed up choosing stocks in this environment thusly: �pick the best-looking horse at the glue factory��..I think he was as a courtesy to his industry overly generous. The administration pitches hardballs to the auto industry while continuing to pitch powder puffs to the wall street frauds who have perpetrated the largest (securities) fraud in recorded history, turning a cyclical downturn into what is now unavoidably depression, putting beleagered taxpayers in the unfathomable position of funders/guarantors of the scam/fraud in bailing out the perpetrators of the crimes (bush�s infamous base) who have financially benefited enormously (fees, commissions, spreads, points, salaries, expenses, bonuses, etc.) from their fraud/crimes. Still not even one prosecution from this administration even though disgorgement, the legal remedy among other criminal penalties, would aid the defacto bankrupt u.s. treasury!���� Obama's tough auto stance may include bankruptcy���� Wall Street hits the brakes on autos, bank woes���� Workers say Obama treated autos worse than Wall St (AP)���� UBS shares fall as writedowns, job cuts expected (AP)��� Obama puts GM, Chrysler on short leash���� Stocks fall as automaker plans are rejected ���Russia backs return to Gold Standard to solve financial crisis ���Looting by U.S. Government at All-Time Highs ���White House to let Chrysler fail ���US Banks Operate Without Reserve Requirements ����GM, Peugeot CEOs forced out as auto woes deepen ���Geithner won't say if more bailout money needed�� AIG delays funds to some real-estate ventures: report���� Asian stocks tumble on auto, bank concerns (AP) ���UBS shares fall as more writedowns, job cuts seen (Reuters)���� GM, Chrysler have no 'viable' plans: US task force����� Pension insurer shifted to stocks to froth the fraudulent market Boston Globe | Just months before the start of last year�s stock market collapse, the federal agency that insures the retirement funds of 44 million Americans departed from its conservative investment strategy and decided to put much of its $64 billion insurance fund into stocks to froth the frudulent market at behest of frauds on wall street.���

PREVIOUS (3-27-09), very modest losses relative to reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �Sugar coated though still bad numbers, usual suspects/concerns cited, ie., bankruptcies on rise, omni 22nd bank to fail this year, printing hyperinflationary funny money like mad, etc. (don�t forget, as now, in 2008 they predicted improvement in second half and no recession though we now know we were already in recession and now depression).�� Nobel Laureate Dr. Joseph Stiglitz Says �The Geithner Plan Amounts To Robbery Of The American People� ��Ninth Georgia bank collapses (at Atlanta Journal Constitution - 22nd this year)� ����Economy shrinks most in 25 years; Unemployment continues climb �Roubini Says Stocks Will Drop, Government Will Nationalize More Banks... ���Ron Paul Predicts 15-year Depression ���The Credit Bust Is Not Almost Over (at Seeking Alpha)�� Top bank regulator placed on leave pending review (AP)�� PAPER: Rahm Emanuel's Short FREDDIE MAC stay made him $320,000+...��� �����On PPIP and Geithner's Latest Power Grab (Linkfest) (at Seeking Alpha)� �Will SDRs Become World�s Reserve Currency? ����UN PANEL TOUTS NEW GLOBAL CURRENCY...����� Rep. to Geithner: Your Plan Is 'Radical'...� ���The Bubble That Must Burst ����

PREVIOUS (3-26-09), all news decisively bad, viz., continuing unemployment claims at new record high 5.56 million, new unemployment claims at very bad 653,000, economic contraction a worse than previously reported �6.3%, corporate profits down and at worst levels in decades, J.D. Power and Associates reports auto sales decline of a whopping �40%, Economy shrinks most in 25 years; Unemployment continues climb �Roubini Says Stocks Will Drop, Government Will Nationalize More Banks... ���Ron Paul Predicts 15-year Depression �, yet suckers� bear market rally to keep those suckers suckered so take this folly as a great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �The Credit Bust Is Not Almost Over (at Seeking Alpha)�� Top bank regulator placed on leave pending review (AP)�� PAPER: Rahm Emanuel's Short FREDDIE MAC stay made him $320,000+...��� �����On PPIP and Geithner's Latest Power Grab (Linkfest) (at Seeking Alpha)� �Will SDRs Become World�s Reserve Currency? ����UN PANEL TOUTS NEW GLOBAL CURRENCY...����� Rep. to Geithner: Your Plan Is 'Radical'...� ���The Bubble That Must Burst ����

PREVIOUS (3-25-09), The corrupt, scandal-scarred commerce department notorious for institutionalized lying comes out with numbers� three times/300% better than private forecasts for now into the third week in a row for such very forecastable data as used home sales, new home sales, and durable goods (mostly government/military with funny at that) in an attempt to froth that font of fraud called the american stock market/wall street which is how this financial/economic crisis came to be, with the parasitic churn-and-earn commisioning on the way up (and then down) based on bull s**t alone. Still not one prosecution of that huge collateralized securities fraud for which disgorgement would constitute substantial contribution to treasury as opposed to the just announced diversion to small potatoes (like madoff, which should be pursued but not a priority to the multi-trillion dollar collateralized securities fraud, etc.), viz., the sub-prime mortgage origination fraud (encouraged by actions of fed and government), etc.. With 80% debt-to-GDP ratio, the u.s. is now the leader of banana republic nations.�� Nobel Laureate Dr. Joseph Stiglitz Says �The Geithner Plan Amounts To Robbery Of The American People� ����IBM to cut 5,000 jobs in U.S.���� �Wall St. rallies late as data offsets bond sale gloom��� [$$] Government-Debt Auctions Disappoint as Demand Subsides (at The Wall Street Journal Online)��� Asian Shares Mostly Lower, Mkts Overcooked; Nikkei Down 0.7%� ��CDS �Godfather� Says Blow �Em All Up� ����Obama Denounces Global Currency While Creating The Very Means For Its Introduction �����Code Pink and Barney�s Bailout Circus ��One Small Problem With Geithner�s Plan: It Will Bankrupt The Banks �������White House to Hunt for New Tax Revenues ����Bank Of England warns Gordon Brown to stop the spending ��������U.K. Bond Auction Fails for First Time Since 2002 ���������Obama�s Economic Plan a �Road to Hell� �Associated Press | The president of the European Union on Wednesday slammed U.S. plans to spend its way out of recession as �a road to hell.�����

PREVIOUS (3-24-09): Modest losses relative to an increasingly grim reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �
�

�ETF Death Watch: Why Are Funds Closing? The financial crisis isn�t just shrinking portfolios and profits. It�s also putting exchange-traded funds and notes out of business. According to State Street, 58 exchange-traded products closed last year and another 30 or so from companies like SPA, Credit Suisse and Northern Trust have stopped trading the last three months. With more on the way, the liquidation process is shaping up to be a prominent trend for investors to watch in 2009. ������
Geithner Plan Will Rob US Taxpayers: Stiglitz The U.S. government plan to rid banks of toxic assets will rob American taxpayers by exposing them to too much risk and is unlikely to work as long as the economy remains weak, Nobel Prize-winning economist Joseph Stiglitz said on Tuesday.
Geithner Grilled on Goldman Sachs Connections David Edwards | Geithner told Waters that Goldman Sachs could help manage the new program to help banks remove toxic assets from their books. Haven�t goldman and goldman people done enough damage?� Their abilities and competence are vastly overrated and overstated.�� Be Gentle with the Bankers? No, Indict Them for Fraud/High Treason


U.S. woos investors to buy toxic assets�� Falling Japan land prices stir deflation worries��� China Telecom's annual profit plunges 96% on write-down���� Japan automakers' sales tumble in February��� ��China Urges New Money Reserve to Replace Dollar��� �The Fed Did Indeed Cause the Housing Bubble ����China Voices Support For New Global Currency To Replace Dollar ���

US unveils public-private plan for toxic assets ����

Donating for dollars? Many bailed-out banks still contributing to campaign funds The federal bank bailouts may be giving new meaning to the term �kickback.��� JPMorgan Chase To Spend Millions on New Jets and Luxury Airport Hangar ��YouTube Caught Censoring Obama Deception Video ���The Fed Did Indeed Cause the Housing Bubble

What the Pros Say: US Is Now �Bankrupt� �US Federal Reserve announces massive increase in government debt ����U.S. Budget Office offers darker economic and deficit outlook��� [$$] Market Overbought and Overbelieved �����Auditors project deeper deficits for Obama budget��� Rothschild: Economic crisis will leave governments with �enormous public debt� ����The Fed Did It, and Greenspan Should Admit It �����

Launching Lifeboats Before the Ship Sinks Paul Craig Roberts | If the US government is forced to print money to cover the high costs of its wars and bailouts, things could fall apart very quickly.

US Federal Reserve announces massive increase in government debt Barry Grey | The essence of all of the measures taken in response to the crisis is an effort to rescue the system and protect the wealth and power of the financial elite at the expense of the broad masses of the population.

Tax Time Covert Ops Catherine Austin Fitts | Hate. Divide and conquer. It�s a business. The media is pushing it. The people directing it are the same people who brought you the AIG bonuses.

PREVIOUS (3-23-09): So preposterous was today�s Pavlov dogs rally [conditioning to associate what�s good for fraudulent wall street, viz., privatizing profits � still not one prosecution for what now is the largest fraud/scam/swindle in the history of this planet � and socializing the losses, is somehow positive for america/the economy by the magnitude of this suckers� bear market rally and prior market manipulations] when the same created the instant crisis in the first instance (don�t worry about the frauds on wall street, they�ll get their commissions again on the way down as they did in creating this financial debacle/fraud as they clamor for more taxpayer/treasury money).� They�re still printing/creating those worthless Weimar dollars like mad, China Urges New Money Reserve to Replace Dollar ,don�t know what they�re doing, are clueless, and disingenuously seek to divert attention from the missing/stolen/bilked $14 trillion of taxpayer money with the subterfuge of outrage over the relatively miniscule though not unimportant million dollar bonuses (AIG, etc.), so-called fixes/plans, etc., so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �What the Pros Say: US Is Now �Bankrupt� ��US is Already Bankrupt: Analyst ��U.S. Budget Office offers darker economic and deficit outlook��� ��The Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed ���U.N. panel says world should ditch dollar ����

Fierman: How quickly things change�..
Some stats from today�s rally:
S&P: +54 (7.1%) to 823
Dow: +497 (+6.8%) to 7776
NYSE Up Volume: 1,866,836,012
NYSE Down Volume: 44,683,760
NYSE Total Volume: 1,914,836,622
It was just 2 weeks ago (March 9th) that the S&P closed at 12-year lows and the stock market felt like it was forecasting the end of the world. We�ve now rallied 22% in 2 weeks! But if we look at the catalysts for this rally, they really don�t seem to justify such an explosive move. Citi said they were profitable in the first two months of the year and JP Morgan (JPM) and Bank of America (BAC) said they were too. The Fed initiated some serious quantitative easing. And now Geithner�s toxic asset plan this morning. I agree with the Capital Spectator when he wrote this morning:

We�re skeptical largely because the rally this month has drawn power primarily from a new round of hope that Washington�s various experiments to right the economy will finally hit pay dirt. Perhaps, but it�s not the stuff that powers sustainable rallies, much less secular bull markets.

I�M A SELLER OF THIS RALLY AT THIS POINT�..


PREVIOUS (3-20-09),
Modest losses relative to reality and their printing those worthless Weimar dollars like mad, don�t know what they�re doing, are clueless, and disingenuously seek to divert attention from the missing/stolen/bilked $14 trillion of taxpayer money with the subterfuge of outrage over the relatively miniscule though not unimportant million dollar bonuses (AIG, etc.) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �What the Pros Say: US Is Now �Bankrupt� ��US is Already Bankrupt: Analyst ��U.S. Budget Office offers darker economic and deficit outlook��� ��The Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed ���U.N. panel says world should ditch dollar ����

 

PREVIOUS (3-19-09), ��Economic news remains uninspiring. Weekly initial claims dipped 12,000 to 646,000, which was better than the consensus estimate of 655,000. Continuing claims hit another record high, though, jumping to 5.47 million from 5.29 million. Leading indicators for February showed a 0.4% decline, which wasn't as bad as the 0.6% decline that was expected� Energy stocks (+1.4%) and materials stocks (+1.4%) were helped by stronger commodity prices. The CRB Commodity Index climbed more than 5% in this year's largest single-session advance by percent. Crude oil futures prices gained 6.5% to close pit trading at $51.25 per barrel, while gold prices advanced 7.8% to close at $958.50 per ounce. Underpinning the strength in commodity prices was a considerably weaker U.S. dollar. According to the Dollar Index, the greenback sank 1.7% this session, and more than 4% during the last two sessions. The dollar's weakness follows the Fed's latest policy directive��

 

 

US is Already Bankrupt: Analyst ��The Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed ���U.N. panel says world should ditch dollar ����Corporate Media Disses Gold ����Citigroup May Spend $10 Million for Executive Suite ������It�s Not Just AIG: Fannie Plans Exec Bonuses �����Gold Re-Couples with Euro, �Dollar Getting Destroyed� ����House passes tax to recoup most of AIG bonuses ($200 million); what about the $14 trillion in fraudulent bailouts and the missing $4 trillion at the New York fed� s���� Bank of America involved in Merrill Q4 writedowns: report���� Put/Call Ratio Indicates Overbought Market Condition �����SUPER PUMP: $1 TRILLION CREATED OUT OF THIN AIR...�� Oil Nears $52; Hits high for 2009... �����

 

PREVIOUS (3-18-09), absolute desperation by the fed as fed in panic mode buys bonds with even more fake money (ultimately you pay). Shot in the dark, they unequivocally do not know what they�re doing; don�t have even the slightest clue. Some well deserved guilt as greenspan, bernanke, paulson, geithner, etc., are authors of this debacle with compliant politics as usual facilitating same (wall street/hedge fund gamblers shouldn�t be bailed out, etc.), but the divergence of so-called opinion from stagflation to applauding same in light of fraudulent stock market up-tick (isn�t that how we got here, to this financial/economic disaster).
�

Depression Unrest Turmoil Instability Riots all coming and SOON ��As depression deepens, more americans go fishing (Reuters) ���It�s Not Just AIG: Fannie Plans Exec Bonuses �����Stimulus plan: Spend now, details later (promise) �����Dollar Plunges After Fed Announcement ����Senate quietly stripped measure restricting bonuses from bailout legislation ���Hedge funds could reap billions from AIG which should not reward soured bets/gambles with taxpayer funds as now slated.�� Citi, Morgan Stanley Looking to Issue More Diluting Shares for Bonus Payments (at Seeking Alpha)��� Editorials: Rewards instead of punishments

PREVIOUS (3-17-09), all private forecasts of the very forecastable housing starts defied the false report of the corrupt, scandal-scarred commerce department (remember the fake reports that spurred recent ralleys which ultimately burned the buyers) spurred suckers� bear market ralley so great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

Dent, Napier, and Prechter - Wise to Heed Their Predictions ���Is Mistrust in Wall Street Pointing to New Lows? ���RECORD: NATIONAL DEBT HITS $11 TRILLION...��� The Size of Derivatives Bubble = $190K Per Person on Planet �����Washington knew AIG was preparing to pay bonuses (AP)���� U.S. to claw back AIG bonuses, lawmakers eye tax���� House committee scrutinizes Merrill bonuses������� Bad year or good, fraud or just preparing for fraud with wall street,� AIG employees got big bonuses (AP) �Paulson Was Behind Bailout Martial Law Threat��� Fed Hides Destination Of $2 Trillion In Bailout Money���� World Bank cuts China GDP estimate again, to 6.5%����� Obama Confronts �Populist Anger� Over Bankster Giveaways ����IMF poised to print billions of dollars ������Jim Rogers Expects Civil Unrest in the US and all around the World

PREVIOUS 3-16-09,
Very modest losses relative to reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! ��February industrial production declined 1.4%, which is essentially in-line with the consensus 1.3% decline. Capacity utilization dipped to 70.9% from 71.9%, as generally expected. The February report continues to reflect a weak demand environment that will ultimately drag on GDP...��� The nation's industrial output fell for the fourth straight month in February, with factories operating at their lowest level in six decades of record keeping. Analysts forecast more production cuts to come as companies are battered by recessions at home and abroad. The Federal Reserve reported Monday that industrial output dropped by 1.4 percent last month, slightly larger than the 1.2 percent decline economists had expected. The weakness included a 0.7 percent fall in manufacturing output, which pushed the operating rate at the nation's factories down to 67.4 percent of capacity last month, the lowest level on records that go back to 1948��

Treasury to rework AIG aid to recoup bonuses��� AIG massive payments to banks stoke bailout rage����� Hearst prints final Seattle PI�� Hearst hopes Web-only Seattle P-I will turn profit���� ��AIG Bonuses Add to Reality of Public Revolt against Wall Street, Federal Reserve �����Bracing for a Bailout Backlash ����Dollar Crisis In The Making ����Think recession�s bad? Try a cataclysm! ������Insurance giant AIG to pay $165 million in bonuses (AP) AP - American International Group is giving its executives tens of millions of dollars in new bonuses even though it received a taxpayer bailout of more than $170 billion dollars.�� AIG plans to disclose CDS counterparties: source���� Chrysler faces July cash crunch even with more aid��� Accounting Rule Changes Creating False Rally in Financials (at Seeking Alpha)���� Cash-hungry U.S. states turn to Web to auction goods�� ��Bernanke: recession could end in '09 and if his grandmother had wheels she could be a trolley car and as he previously said we could avoid recession though we were already in one which is now a depression with worse yet to come and most assuredly will not end in 2009 except in the b.s. talking points in their dreams (AP)���� Millions in AIG bonuses draw chorus of outrage (AP)��� AIG payments to banks stoke bailout rage���� White House says economy is sound despite 'mess� or stated another way, a sound mess�..riiiiight!'�����

AIG Bonuses Add to Reality of Public Revolt against Wall Street, Federal Reserve �Mike Adams | People will be marching in the streets, demanding the arrest of all the rich executives and corrupt bureaucrats who took part in this massive financial theft.

PREVIOUS 3-13-09, Suckers� bear market rally�� ( Citigroup Inspired Bear Market Suckers� Rally �) to keep the suckers suckered and commission dollars flowing to the frauds on wall street Regulator: Before Banks Collapsed, They Pleaded With Feds To Let Them Fudge Their Books Ryan Grim | Before financial institutions collapsed, they went to the Financial Accounting Standards Board, pleading for a change in mark-to-market accounting rules so that they can continue to appear to be solvent on their balance sheets and hence, continue to defraud the public as they are now once again trying to do.�� Unemployment in 7 States Has Exceeded 20% in February ����China Debates If It Should Continue to Foolish Buy Evermore Worthless U.S. Treasuries �����America faces new Depression misery as financial crisis worsens ������Tent Cities, Unemployment, Homelessness Growing ��������Dmitry Orlov: �America will collapse� ������Warren Buffett's BERKSHIRE HATHAWAY stripped of its 'AAA' credit rating...� THE INFLUENCE/BRIBE/PROTECTION RACKET: New record for number of PACs

 

PREVIOUS (3-12-09), the waning full moon still compounding the frivolity of the criminally insane; particularly the lunatic frauds on wall street, and truth be told, the lunatics who follow in lock-step behind them. Suckers� bear market rally��� ( Citigroup Inspired Bear Market Suckers� Rally �) to keep the suckers suckered and commission dollars flowing to the frauds on wall street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� There are no bulls or bears on fraudulent wall street, just ostriches. One senile land of fruits and nuts analyst/ broker / master planner of the lost angeles failed paradigm quips with glee: it�s impressive to see the market ignore so much bad news and rally�riiiiight!� Ron Paul, A Rare Voice of Reason on Capital Hill: Culprits Of Financial Collapse Should Be Arrested, Prosecuted, and Disgorgement Of Fraudulent Gains Would Inure to the Benefit of the Technically/Defacto Insolvent/Bankrupt u.s. Treasury in the Multi-Trillions as Recovered (Their greed and fraud has further bankrupted this country and damaged other nations and recoupment of their fraudulent gains must be required as the law already provides since taxpayers are bearing the brunt of government inaction. What they did is not ok. They must pay. This is not difficult to grasp and must be done or there is no hope prospectively for america since all will know of this government fostered/complicit fraud). ��Better-than-expected (but typically fake as per scandal scarred commerce department) retail sales data suggested consumers haven't completely rolled over. February retail sales declined just 0.1%, which is better than the 0.5% decline that was expected. Excluding autos, retail sales increased 0.7%. A decline of 0.1% was expected. Meanwhile, January total sales and sales less autos were revised to show an even larger increase. The upbeat retail sales data comes in the face of ongoing consumer headwinds, such as mounting job losses. Weekly initial claims climbed 9,000 to 654,000, which was worse than expected. Continuing claims jumped nearly 200,000 to 5.32 million, which was also worse than expected (new record). In other economic news, February business inventories declined 1.1%, which is essentially in-line with the consensus estimate...�
��This week's rally got an extra dose of adrenaline after an accounting board told Congress Thursday it may recommend (more fraud as we�re currently experiencing by way of ) a let-up in financial reporting rules for troubled banks in three weeks� Fed reports record fall in household net worth WASHINGTON (AP) -- The net worth of American households fell by the largest amount in more than a half-century of record keeping during the fourth quarter of last year�The Federal Reserve said Thursday that household net worth dropped by a record 9 percent from the level in the third quarter. The decline was the sixth straight quarterly drop in net worth and underscored the battering that U.S. families are undergoing in the midst of a steep recession with unemployment surging and the value of their homes and investments plunging. Net worth represents total assets such as homes and checking accounts minus liabilities like mortgages and credit card debt. Jobless claims rise as retail sales slip WASHINGTON (AP) -- With layoffs spreading, the number of initial claims for jobless benefits rose last week, while the total number of people continuing to receive benefits set a record high, the government said Thursday. The Labor Department reported that first-time requests for unemployment insurance rose to 654,000 from the previous week's upwardly revised figure of 645,000, above analysts' expectations. The number of people receiving benefits for more than a week increased by 193,000 to 5.3 million, the most on records dating back to 1967. That's the sixth time in the past seven weeks that the jobless claims rolls have set a record high��

 

Ron Paul, A Rare Voice of Reason on Capital Hill: Culprits Of Financial Collapse Should Be Arrested, Prosecuted, and Forced Disgorgement Of Fraudulent Gains Would Inure to the Benefit of the Technically/Defacto Insolvent/Bankrupt u.s. Treasury in the Multi-Trillions as Recovered -� Compared to them, madoff was a mere piker ���Citigroup Inspired Bear Market Suckers� Rally ����Unemployment in 7 States May Have Exceeded 20% in February ����45 percent of world�s wealth destroyed: Blackstone CEO �����Madoff jailed after pleading guilty to $50-65 billion fraud and telling court: �I am deeply sorry and ashamed of my crimes� �����Newmont CEO sees gold in range of $1,200 �����House prices to drop another 55% and leave Britain bankrupt �����Madoff sent to jail as furious victims applaud (AP)���� Madoff pleads guilty, is jailed for $65 billion fraud���� Don't Sweat Hypernflation Just Yet: Deflation/Depression "In the Cards" for 2009 and Beyond, Shilling Says ������More on Roubini and Shiller's Dour Outlook �����Pelosi dodges chance to end automatic pay raises������ Ron Paul: Culprits Of Financial Collapse Should Be Arrested �����SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!�

 

PREVIOUS (3-11-09), Analyst chatter: Not through the worst of it, the worst (of depression) still ahead, investing in this market is like trying to catch a falling knife. Foreclosures up and spreading as unemployment also rises and will continue to rise. Freddy lost another $50 billion and wants another $31 billion, while Fanny lost another $60 billion and wants another $15 billion. Hillary Kramer says trading only, in-and-out, so if you can�t, don�t jump into market to try and catch the falling knife. Dividend cuts for 2009 have already surpassed that for all of 2008 at $46.8 billion.

53% of Americans (and Senator Specter) Think the U.S. Depression is Like the 1930�s ���This is a Depression! For Markets, What they call it does Not Matter ������Billionaire Stanford to take the 5th in fraud case (AP)��� Madoff mysteries remain as he nears guilty plea���� Merrill misled Congress on bonuses o������ Freddie Mac seeks $30.8B in US aid after 4Q loss��� Earnings Growth Estimates: The Bad, the Bad and the Ugly �����Japan's economy shrinks an annualized 12.1% in the fourth quarter������ Dell Cuts Staff Worldwide���� Last year REITs lost 38% - that's a bit worse than the S&P 500��� Credit card delinquencies hit index record�� Thousands Line Up at Indiana Mall for Food Handouts �����The Fed Has Destroyed Your Retirement SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!�

PREVIOUS (3-10-09), yes, indeed, a rally with power of a speeding locomotive based on�.. b.s. talk point with early release of� CITI showing a profit [not counting more writedowns, bad/worthless assets(loans)/securities, expenses, etc.] of $8 billion with receipt of $45 billion (plus loans/guarantees/investments in excess of $100 billion) taxpayer bailout � WOW!�at this rate the treasury will deplete even faster than originally projected. But the math is so simple that elementary school kids with a handle on third grade arithmetic can accomplish the same and hence, can and should replace top management at a much lower price and without delay.�� ��bernanke says regulatory overhaul needed�WASHINGTON (AP) -- The nation's financial rule book must be rewritten to prevent a repeat of the global economic crisis now gripping the United States and other countries, Federal Reserve Chairman Ben Bernanke said Tuesday�Bernanke offered new details on how to bolster mutual funds and a program that insures bank deposits. He also stressed the need for regulators to make sure financial companies have a sufficient capital cushion against potential losses�The Fed chief's remarks come as the Obama administration and Congress are crafting their overhaul strategies. For the administration, critical work will be carried out among global finance officials this weekend in London ahead of next month's meeting of leaders from the world's 20 major economic powers�Madoff's lawyer says client will plead guilty �NEW YORK (AP) -- In a courtroom surprise, it was revealed Tuesday that Bernard Madoff will plead guilty Thursday to securities fraud, perjury and other crimes, knowing that he could face up to 150 years in prison for one of the largest frauds in history�� ��All three major indices registered fresh multiyear closing lows in the prior session, but came rallying back this session to log their best single-session performance by percent in months. The rebound came after Citigroup issued an encouraging update and reports indicated the uptick rule may be reinstated� Rep. Frank stated mark-to-market accounting rules must be improved, but Senator Shelby says any mark-to-market accounting changes should be made by the SEC. The SEC stated it will not seek to suspend such rules (since such would make valuations a fraud)... The stock market's advance was further helped by short-covering. Still, trading volume on the NYSE climbed above 2 billion shares����

Cost to buy protection against U.S. government default surges�� Good News! Economist Sees GDP Down 7% in Q1 and 9.25% Unemployment in 2010 �����Madoff faces life in prison on 11 criminal charges���� Citi's fake profit view, uptick talk drive big rally� ��Roubini: Depression Could Last beyond 36 Months; Dow at 5000...����� United Tech to cut 11,600 jobs���� Why Commodities Prices May Rise, Even In Deflation ���IMF warns of Great Depression, All Nations at risk ����Oil at $50 Looms as OPEC Plans Cut, Keeps to Quota ����53% Say It�s Likely the U.S. Will Enter a Depression Similar to 1930�s even though we�re already in one worse than the 1930�s ����Washington plans for big bank failure ����SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!�

PREVIOUS (3-9-09),
��Despite a rebound by financial stocks and a batch of merger news, the stock market was unable to put together a sustainable advance. Stocks finished with a broad-based loss, a bit above session lows. Uncertainty in foreign indices fueled early losses in the headline indices. Financials were the focal point of the weakness, falling to a loss of 2.2%. The drop was short-lived, though. Financials rallied to a gain of 5.3%, but finished with a gain of 2.5%�� �� Wall Street fell more than 1 percent Monday as uneasiness about the economy eclipsed a bounce in troubled financial stocks and news of a big drug company merger. Stocks rose in the early going but turned lower in a now familiar pattern where short-lived bursts of optimism give way to concerns about the country's economic woes� (in the real world they call that mental illness, lunacy �note the full moon, manic depression/bipolar disorder, etc., or just plain fraudulent wall street )�
World Bank offers dire forecast for world economy ������Depression Dynamic Ensues as Markets Revisit 1930s ��Global Financial Assets Lost $50 Trillion Last Year ���SEC says money manager invented big accounts���� Who got AIG's bailout billions?�� ��The collapse of America is unavoidable� Regulators seize seventh bank in Georgia...��� Kerry: 'Animal House' Party Days Are Over for u.s. government...����� Bank stocks rally despite their insolvency (AP)��� Too big to fail? 5 biggest banks are 'dead men walking' (McClatchy Newspapers) ����[video] Next Dead Dividend (at TheStreet.com)����� Oil at $50 Looms as OPEC Plans Cut, Keeps to Quota ����Too Big Has Failed: KC Fed Prez Says We Need Temporary Nationalization (at Seeking Alpha)���� World Bank says global economy will shrink in 2009 (AP)����� Recession on track to be longest in postwar period (AP)��� ��Cash In A Mattress? No, Gold In The Closet ���Paulson Was Behind Bailout Martial Law Threat��� Fed Hides Destination Of $2 Trillion In Bailout Money�� �


PREVIOUS (3-6-09),
fudged in a manner most favorable to the frauds (we past these unemployment percentages quite some time ago and they were much worse then and still worse now, etc.), the news remains bleak and reality says even bleaker. Any economist who in discussing this depression mindlessly compares this Greatest Depression to any other contraction without pointing out crucial negative distinguishing characteristics; viz., insurmountable debt, increasingly worthless (Weimar) currency, irrevocable and unrelenting trade/budget deficits, global antipathy (stemming from illegal wars, war crimes, massive securities fraud, etc.), lack of significant manufacturing base, pervasive corruption/theft /plundering/incompetence, etc., cannot be considered a serious economist (just a joker who probably missed the call on recession/depression, etc.). ��Huge layoffs push joblessness toward double digits WASHINGTON (AP) -- Tolling grimly higher, the recession snatched more than 650,000 Americans' jobs for a record third straight month in February as unemployment climbed to a quarter-century peak of 8.1 percent and surged toward even more wrenching double digits.The human carnage from the recession, well into its second year, now stands at 4.4 million lost jobs. Some 12.5 million people are searching for work -- more than the population of the entire state of Pennsylvania. No one seems immune: The jobless rate for college graduates has hit its highest point on record, just like the rate for people lacking high school diplomas� GM shares reach 75-year low amid bankruptcy talk�� The broader market turned in a modest gain, thanks to a late rally effort that overcame steep losses. Initial gains were broad-based as participants began buying in the wake of the February jobs report, which indicated nonfarm payrolls fell 651,000, in-line with expectations, and unemployment climbed more than expected to a 25-year high of 8.1%. Stocks were up as much as 2.4% in what resembled past trends that saw stocks sell off leading up to the monthly jobs report, but then rally in its wake as traders "bought the bad news."

Madoff expected to plead guilty to fraud charges����� How to Spot a Ponzi Con Artist? Follow the Yachts (Time.com)��� U.S. jobless rate hits 25-year high��� Goldman, others get AIG payouts: report����� US Bancorp CEO got pay package valued at $6.8M (AP)��� Huge layoffs push joblessness toward double digits�� AP source: Madoff guilty plea expected next week��� Stocks facing uphill battle; budget, retail sales loom��� $11 Trillion Wipeout: Wall Street's Year-and-a-Half of Dangerous Living ����Economy in 'Free-Fall': Unemployment Rate Surges to 8.1%, Highest in 25 Years ���GM shares reach 75-year low amid bankruptcy talk (AP)�� Fox Admits To Planting Political Brainwashing In Popular TV Shows��� Pelosi Backs Senate Facist Amendment to Censor Talk Radio ���Senate to Give FDIC up to $500 Billion ���Senator Bernie Sanders Slams Fed Boss Ben Bernanke ����Bailout Money - Instead of Being Used to Stabilize the Economy or Even the Bailed-Out Companies - is Just Going to Line the Pockets of the Wealthy ���Taxpayers Furious With Budget Cuts Take Frustration To Streets Of NYC ����AIG �Was Going to Bring Down Europe�: Lawmaker �

� PREVIOUS (3-5-09), Analyst/Economist Chatter: funny money (they�re printing worthless Weimar dollars like mad) and now they�re thinking funny assets (suspending reality based mark-to-market in favor of the failed fraudulent whatever they want so they can foist/spin/defraud which got us to this debacle); more bank takeovers; GM burning cash, bankruptcy probable; Merrill bonuses for jobs poorly done (my direct experience with Merril Lynch brokers was their total incompetence); higher taxes, higher inflation, $3 trillion new u.s. debt, dollar devaluation; more bank takeovers and far worse unemployment.�� �Few economists expect a turnaround in the battered labor market anytime soon with companies laying off thousands of workers weekly�Still, initial requests for unemployment benefits fell to 639,000 from the previous week's figure of 670,000, the Labor Department (fake number) said Thursday. Analysts expected a smaller drop to 650,000�Retailers report sales declines in February�GM concedes in the report filed Thursday that it's on the edge of bankruptcy and won't be able to avoid it unless it gets more government money and successfully executes a huge restructuring plan�Mortgage woes break records again in 4Q. NEW YORK (AP) -- A stunning 48 percent of the nation's homeowners who have a subprime, adjustable-rate mortgage are behind on their payments or in foreclosure, and the rate for homeowners with all mortgage types hit a new record, new data Thursday showed�� �The stock market logged new multiyear lows during the session, and closed at its worst level since the fourth quarter of 1996. Roughly 95% of the companies in the S&P 500 finished with a loss...Though losses were broad-based, financials were dealt the worst blow. The sector fell 9.9% with particular weakness among diversified banks (-16.5%) and other diversified financial services companies (-13.2%). Moody's announced it is reviewing the credit ratings of Bank of America (BAC 3.17, -0.42) and Wells Fargo (WFC 8.12, -1.54) for possible downgrade. Moody's lowered its outlook for JPMorgan Chase (JPM 16.60, -2.70) to negative from stable. Sellers pushed both WFC and JPM shares to new multiyear lows�Fourth quarter nonfarm productivity declined 0.4%, though it was expected to increase 1.2% after the prior reading showed a 3.2% increase. The lower reading was a result of lower economic output in the fourth quarter. Meanwhile, fourth quarter unit labor costs increased 5.7%. Economists expected a 3.8% increase. Factory orders for January fell 1.9% (fake number), which is a less severe drop than the 3.5% decline that was widely expected. The drop in factory orders reflects the retrenchment by businesses in the wake of softer spending�� Now As The Much Greater Depression Progresses ���Dow and S&P hit 12-year lows��� Bernanke Arrogantly Refuses To Disclose Which Banks Took Money ��Treasury secretary's choice for deputy withdraws (only little people pay taxes so take this job and shove it says tiny tim deputy designate) (AP)�� 22 Georgia legislators fail to pay income taxes... ���GM auditors raise doubt on viability���� One in 8 U.S. homeowners late paying or in foreclosure���� Citigroup stock falls below $1 a share (AP)�� ��$$] SVG Swings to a Loss on Markdowns Hits (at The Wall Street Journal Online)���� Why the Fed's TALF Is Bad for America ����Mortgage woes break records again in 4Q (AP)�� �Stocks Fall Below 7,000 Again ���Fed Refuses to Release Bank Data, Insists on Secrecy ����


� PREVIOUS (3-4-09), all news decisively worse than expected, fed beige book outlook grim, economist outlook for recovery bleak. Celente: U.S. Has Entered �The Greatest Depression� The spin: china bailout (the frauds on wall street spinning/foolishly banking on china buying more worthless u.s. paper � their domestic needs are substantial and they�re increasing military spending by 15% as well) and high oil price suckers� bear market/short-covering rally to again keep suckers sucked in for their commissions sake. The great red hope! How preposterous! Who would have thunk it!� ��strong gains overseas provided an excuse for buyers to enter the fold and short-sellers to cover their positions. Foreign indices upended their own losing streak after China announced it will add approximately $586 billion to the fiscal spending plan it announced late last year� According to the Fed's Beige Book, the Fed does not expect a significant economic recovery until late 2009 or early 2010 at best (remember, they also said no recession and now we�re in a depression). Meanwhile, the ISM Services Index for February dipped to 41.6% from 42.9%, indicating continued contraction for the services sector. The consensus estimate was pegged at 41.0%. Investors and economists got a glimpse of what may be lurking in the government's February nonfarm payroll report, which is due at the end of the week. According to the latest ADP Employment Report, 697,000 jobs were lost in February. The consensus estimate called for 630,000 job losses�� ��fed survey: economy deteriorated in Jan., Feb. . After a dismal start to 2009, business people see more pain ahead, expecting no improvement in economic conditions till late this year at the earliest. Their pessimism was evident in the Federal Reserve's latest snapshot of business activity nationwide. It showed sharp cutbacks affecting both blue-collar jobs that once churned out construction equipment and white-collar professionals like business consultants and accountants. From factories in Cleveland to high-tech firms in Texas and California, the Fed's beige book reported widespread production declines. Services sector shrank in Feb., 5th straight month�� U.S. private sector cuts 697,000 jobs in February ���FDIC�s Bair Says Insurance Fund Could Be Insolvent This Year ����The Never-Ending Bailout ����They Done Us Wrong: Spending Our Way Into Greater Depression ����Credit concerns pound GE shares in volatile trade��� China hopes, oil's jump, both negatives, end Wall St 5-day rout���� Warren Buffett's 'Fundamental Weakness' �����ETFs Suffer Outflows In February �����Celente: U.S. Has Entered �The Greatest Depression� ��The D-word: The depression has become something worse (AP)�� Obama Must Fire Geithner and Summers ���Gold Industry Officials Warn Of Depression���� Jim Rogers: Bailouts are destroying the US Economy ����Paulson Was Behind Bailout Martial Law Threat��� Fed Hides Destination Of $2 Trillion In Bailout Money�� �PREVIOUS (3-3-09), modest losses relative to reality as bad and worse than expected news just keeps on coming along with suckers bear market/short-covering rallies as here into the close to keep the suckers suckered. Defaults/delinquencies up, home/car sales down� Celente: U.S. Has Entered �The Greatest Depression� � Helicopter ben �bernanke indicated the near-term outlook for the economy remains weak. Economists at Goldman Sachs concur; they expect the U.S. economy will fall 7.0% in the first quarter, according to Dow Jones.� Despite housing stimulus provisions, pending home sales in January declined 7.7%. The consensus estimate called for a 3.5% decline. The data reflect the effects of ongoing job losses, lost wealth, and weak consumer confidence.� Similar forces continue weighing heavily on auto sales. Ford Motor (F 1.81, -0.07) reported February sales in North America fell roughly 48%, which is steeper than the 42% drop that was expected. General Motors (GM 1.99, -0.02) reported February sales sank nearly 53%, exceeding the 45% fall that was widely forecast. Separate reports indicated GM's chief operating officer said that without government funds the company's European unit would run out of cash in the second quarter. Chrysler down 44%��
�������������� ART HOGAN SAY�S �IT�S A TOUGH ONE�� THAT�S A TRUE STATEMENT!

Celente: U.S. Has Entered �The Greatest Depression� ��The D-word: The depression has become something worse (AP)�� Obama Must Fire Geithner and Summers ���Gold Industry Officials Warn Of Depression���� Jim Rogers: Bailouts are destroying the US Economy ���Gold has longest losing streak since October ��U.S. auto sales fall as depression deepens�� Blockbuster seeks debt overhaul, shares halted���� MGM Mirage casino co. says it may default on debt (AP)��� A Banana Republic By 2012? Change for the Worse ����Obama Calls Bush On Troop Withdrawal Plan ���Geithner Says U.S. Financial Rescue �Might Cost More� (maybe he can locate the $4 trillion missing at the fed and use that)��� Pension (substantial funding shortfalls) bombs going off ����Pennsylvania Rep. Rohrer Introduces Tenth Amendment Resolution ������Previous (3-2-09), analyst chatter: one analyst said investors just can�t take (the wall street fraud/bull sh_) it anymore and sees 5,000 on the DOW (too optimistic); another says worst levels not yet seen, but markets functioning�riiiiight�, more bad economic news, dividend cuts; another says the so-called plan changinging everyday, not stimulus but at best stabilization (doomed to fail), unrealistic expectations (that�s realistic), talks funny assets/accounting (that�s what helped get us here-the fraud), a world of hurt, hope for short-covering rallies�sounds like a plan�riiiiight; another who called the crash says worst bear market in history, if priced in gold market has fallen 80% and more decline to come, says stimulus/stabilization good money after bad and recipients with worst management (fraud, etc.) should rather be allowed to fail, treasury bond/dollar bubble, u.s. stocks still overvalued so sell, precious (money) metals and overseas markets better; and finally, mainstream analyst says gold/bonds but no stocks. Dow industrials fall below 7,000; lowest since �97 ���Buffett says economy in shambles losses on derivatives contracts tied to the stock market.�� Banks and economy to keep bears' grip on stocks�� Berkshire reports a 96 percent drop in 4Q profit��� Chart of the Week: GDP Worse than Expected (at Seeking Alpha)�� Time to Bury the Markets ���NYSE Suspends $1 Stock Price Minimum ��Economics of this Depression ���[$$] BofA Executive Got Housing Perks (at The Wall Street Journal Online)�� Madoff seeks to keep NYC penthouse, $62M in assets � Typical kike/jews����� Dow finishes below 7,000 for first time since '97 (AP)��� The D-word: The depression has become something worse (AP)� [$$] At Merrill, Thinning Herd of Carrion (at The Wall Street Journal Online)��� AIG Will Receive More Aid, Bigger Loss...��� NYSE Euronext chief gets 2008 pay valued at $9.2M (AP) ���Asian stock markets tumble on worsening US slump�� �Sources: AIG to get up to $30B more in Fed aid� Moody's lowers ratings on Citi's Japan operations (at MarketWatch)�� Oil falls below $44 on bleak US GDP, AIG news�� States' budget woes will outlast the depression��� israeli media denounced for insulting the Prophet��� Israeli minister calls for assassination of top arab leader justifying action to eliminate/exterminate nazionist israel/israelis for the sake of world peace and justice as��� 8 more civilians die in US drone raid� �������Buffett Says Economy Will Be 'Shambles' in 2009, Likely 'Well Beyond'... �BERKSHIRE has worst year...���� Iran says USA planning 'long-term stay' in Iraq...� Kudlow: Obama Declares War on Investors, Entrepreneurs, Businesses, And More...��� Bankers: Stop trashing us...��� Wall Street slides after CITI-government deal...�� Sets Single-Day Trading Volume...�� STRUGGLING STATES LOOK TO UNORTHODOX TAXES...��� Iran says USA planning 'long-term stay' in Iraq...�� Warren Buffett Speaks: His Worst Year Ever � If you listened to him recently (I warned you not to) you�re down another 20-30% since his government shill/propaganda talk (did he really give away his fortune � maybe he just decided to lose it and bring everyone with him � senile, I say yes) r�� A Banana Republic By 2012? Change for the Worse �Previous (2-27-09), modest losses relative to reality including news much worse than expected: �The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into depression. The report released Friday showed the economy sinking much faster than the 3.8 percent annualized drop for the October-December quarter first estimated last month which rallied stocks significantly to keep suckers suckered and commission dollars flowing. It also was considerably weaker than the 5.4 percent annualized decline economists expected�. �Economic data remains gloomy. Fourth quarter GDP was revised lower to reflect an annual rate of -6.2% versus a previously estimated -3.8%. The decrease in fourth quarter activity primarily reflected negative contributions from exports, personal consumption expenditures, equipment and software, and residential fixed investment�. US economy suffers sharp nosedive �Economy moving in reverse faster than predicted�� �Moody�s predicts default rate will exceed peaks hit in Great Depression ���Shares tumble across globe as figures reveal U.S. economy shrank 6% in last quarter - the fastest rate in 25 years ���Regulators close banks in Illinois, Nevada �FDIC Approves �Emergency� Fee on Banks to Bolster Reserves �����Banks and economy to keep bears' grip on stocks���� FDIC raising fees on banks, adds emergency fee (AP)���� AIG talks weigh securitizing life policies�..riiiiight!�: source��� BofA carries loans $44 billion above market value���� Citi, U.S. Reach Accord on a Third Bailout (at The Wall Street Journal Online)��� Tax hikes are coming -- but you already knew that��� Investors await Buffett letter as Berkshire hits 5-1/2 year lows�� Five reasons buying a home in 2009 is a bad idea���� Three Top Economists Agree 2009 Worst Financial Crisis/Depression Since Great Depression; Risks Increase if Right Steps are Not Taken (Business Wire)� WORST MONTH SINCE 1933 ����Paulson Was Behind Bailout Martial Law Threat��� Urban Warfare Drills Linked To Coming Economic Rage� CIA Adds Economy To Threat Updates ���Fed Hides Destination Of $2 Trillion In Bailout Money�� �We Watch Now As Funds Get Vaporized Bob Chapman | Business will go on as usual in Washington and on Wall Street � as corrupt as ever. Moody�s predicts default rate will exceed peaks hit in Great Depression A bigger proportion of non-investment grade companies will go bust in the US and overseas in the coming years than during the Great Depression, according to Moody�s, one of the world�s foremost experts on credit. US economy suffers sharp nosedive BBC | The US economy shrank by 6.2% in the last three months of 2008, official figures have shown, a far sharper fall than had previously been reported. FDIC Approves �Emergency� Fee on Banks to Bolster Reserves Bloomberg | The Federal Deposit Insurance Corp. will charge U.S. banks a one-time assessment and increase other fees to replenish its insurance fund, adding $27 billion in costs to an industry already hobbled by the financial crisis. Citigroup Shares Down 36% | The Treasury, which has provided a total of $45 billion to Citigroup, left the door open for the bank to seek additional government funding. �Previous (2-26-09), Banks lost $26.2 billion last quarter, GM lost $10 billion past month, FDIC problem bank list grows to 252, u.s. broke but $3.5 trillion spending plan and $1.75 trillion budget deficit, etc., �FDIC reported that at the end of the fourth quarter its list of troubled institutions grew to 252 from 171 at the end of the third quarter. The latest data indicated January durable goods orders fell a more-than-expected 5.2%. Excluding transportation, durable goods fell 2.5%, which was also steeper than expected. January new home sales fell more than expected to an annualized rate of 309,000 units, which is a record low. Jobless claims continue to rise beyond expectations. Initial claims climbed 36,000 to 667,000 from the prior week. Continuing claims came in just below 5.03 million, up from nearly 5.00 million in the prior reading�. �Americans receiving unemployment top 5 million�� Fannie Mae seeks $15.2B in US aid after 4Q loss��� $1.75T Deficit, Higher Taxes, "Bogus" Stimulus���� Obama�s Stimulus Bill is a Banker Contrived Debt Scam ���Obama�s War Machine Needs $800 Billion For 2009 ���A $1.75 TRILLION DEFICIT...� ��Small Businesses To Suffer From Obama�s Tax Hike ���Obama�s Budget: Almost $1 Trillion in New Taxes Over Next 10 yrs, Starting 2011 �ETF Advisers: Sell Into Market's Rally ���Paulson Was Behind Bailout Martial Law Threat��� Urban Warfare Drills Linked To Coming Economic Rage� CIA Adds Economy To Threat Updates ���Fed Hides Destination Of $2 Trillion In Bailout Money�� �US banks post first quarterly loss since 1990...�� Record Government Note Auction; Unprecedented amount of debt...�� More Fraud on Wall Street New York Times | WG Trading Company and Westridge Capital misappropriated funds from state and city pension funds, including Carnegie Mellon University and the University of Pittsburgh.� ���Previous (2-25-09), suckers� bear market/short-covering rally based on bull s**t/jawboning alone and bad news much worse than expected into the close to finish well off more realistic lows, to keep the suckers suckered so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Economic/trends/demographics forecaster/analyst Harry S. Dent says this Great Depression will bottom out (with no cognizable uptick till) early 2020�s, unemployment 14%-17%, 50%-60% decline in real estate values, dollar (and market) crash, etc. (close but no cigar), is realistic and starkly dismal in light of the convergance of major bubbles which are deflating. New b.s. talking point the convertible preferreds (all real analysts know to treat as converted said securities to account for dilution - and quite possibly nationalization), and then the so-called �stress-tests� for banks�riiiiight!�read those flat lines.� Money managers accused of $550 million fraud (Reuters) TARP Said to Be Ripe for Fraud ��Existing U.S. home sales, prices drop in January�� Gannett slashes dividend 90 pct, saving $325M��� ETF Advisers: Sell Into Market's Rally ���Paulson Was Behind Bailout Martial Law Threat��� Urban Warfare Drills Linked To Coming Economic Rage ��Fed Hides Destination Of $2 Trillion In Bailout Money�� U.S. Consumer Confidence Collapsed to Record Low ��The Market Is Not Your Friend ��Bernanke says depression to linger�� Housing Prices in 20 U.S. Cities Fall a Record 18.5% �U.S. Economy: Consumer Confidence In Record Slump�� Ron Paul Grills Bernanke: �You Can�t Reinflate The Bubble� ���Stocks drop as Obama speech and housing data weigh �Gold investors make 120pc return in four months ���Bailout Bank Blows Millions Partying in L.A. �����How Credit Default Swaps Brought Down the World Economy ����Black Swan� Author Sees Trouble Exceeding 1930s ��Majority Of U.S. States Join Sovereignty Movement, Assert 10th Amendment Rights �New World Liberty | With the economy collapsing, it is a very real and immediate danger that the federal government can turn into a completely criminal and fascist government.� Rahm Emanuel Doesn�t Pay Taxes, So Why Should You? �Kurt Nimmo | Don�t expect Rahm Emanuel, Nancy Pelosi, Tim Geithner, Evan Bayh, and other minions of the elite to pay their �fair share.� After all, taxes are for the little people. �Previous (2-24-09), suckers� bear market/short-covering rally based on bull s**t/jawboning alone and bad news much worse than expected, to keep the suckers suckered so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Helicopter ben, the guy who said no recession even as now we know we were already in one (actually depression) told by handlers to be upbeat (how �bout just beat, burnt out, etc.) delivers still dire but sugar-coated for spin/consumption testimony/b.s.. Severe contraction�as in depression; recession/depression could end by end of year/beginning of 2010 if�and if his grandmother had wheels, she�d be a trolley car. Ridiculous bull s**t that got everyone here in the first place. Analyst chatter: talk about franchise value of banks ruined if nationalized, confidence at all-time low, end of 2010 before any recovery (if at all), orderly process of deleveraging, on defense till trends more believable; another-not there yet as contrarian indicators say otherwise and bearish industry view (newsletters); another- news bad as expected but confidence reading far worse than expected, downward momentum accelerated with occasional relief rallies at best; �Housing Prices in 20 U.S. Cities Fall a Record 18.5% �U.S. Economy: Consumer Confidence In Record Slump �U.S. consumer confidence collapsed this month and home values plunged in December, the latest evidence of a deepening economic slump that will last well into 2010 and beyond.� Analysts: New Era Of Chaos Has Taken Hold A wave of economists, investors and other financial experts issued a series of dire warnings concerning the global financial crisis over the weekend, stating that a new era of chaos has taken hold all over the globe.� Paulson Was Behind Bailout Martial Law Threat��� Urban Warfare Drills Linked To Coming Economic Rage ��Fed Hides Destination Of $2 Trillion In Bailout Money�� U.S. Consumer Confidence Collapsed to Record Low ��The Market Is Not Your Friend ��Bernanke says depression to linger �Get Ready for Mass Retail Closings ���Microsoft says no new cost cuts, shares hit 11-year low� Stanford a cog in the U.S. intelligence dirty money laundering machine ����How the Economy was Lost �����Unemployment (already past 9% in reality) Will Pass 9% This Year: NABE ��SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Previous (2-23-09), even the frauds on wall street who should be prosecuted are not buying the rhetoric/b.s. which is very, very, etc., short on detail, ie., spending money the broke u.s. doesn�t have for bailouts, while cutting the deficit in half in 4 years, etc.,�..riiiiiight! What economists / analysts are saying: Zandi - rapidly eroding economy; analyst � ugly�lots of bull s**t, no specifics/details, not pretty picture, equity holders of financials wiped out prospectively; Financial Times Editor � markets at new lows, nationalize or not (defacto they�re already nationalized), AIG trading at 50 cents has received $80 billion in bailout funds and just records loss of $60 billion, dire; bank analyst � downward pressure on financials particularly as dilution taken into account, write-offs, more capital needed, securitization market down, down, down and more capital necessary for writedowns; analyst � vicious bear, no faith in government plan, dismal! . One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society. �Wall Street slides to 12-year low�� New U.S. stake in Citigroup will not calm realities/doubts� �AIG in talks with U.S. government, sees $60 billion loss: source���� Pinnacle West shares fall on earnings, outlook (AP)��� LaSalle Hotel shares fall on analyst outlook (AP)� �Harley-Davidson shares fall on sales worries / realities (AP) ��Major stock market indexes fall to 1997 levels and much further down to go given realities��� Micron Tech to cut up to 2,000 more jobs in Idaho��� Asian shares slump after Dow hits 1997 low (at MarketWatch)��� The S&P 500's Incredibly Shrinking Market Cap The more they do, the worse it gets �Paulson Was Behind Bailout Martial Law Threat��� Fed Hides Destination Of $2 Trillion In Bailout Money�� The Great �Global Crisis of Maturity� and the New World Order ����World Financial System In A State Of Insolvency �����Urban Warfare Drills Linked To Coming Economic Rage ���Britain faces summer of rage ���Get Ready for Mass Retail Closings ����Yahoo Finance | About 220,000 stores will close this year in America.��� Editorials: Rewriting rules of global finance�� GLOBAL MARKETS-US stocks slide as bear grips harder, oil falls��� BACK TO 1997...�� �State sends $1 food stamp checks to 250,000...���� Obama pledges to slash deficit - after increase...��� Rosy assumptions...��� Philadelphia newspapers' owner files for bankruptcy...��� AIG Seeks More US Funds As Record Loss Looms...��� Advisers readying bankruptcy financing for automakers...���� BANK MESS: HSBC CONSIDERS $20B CASH CALL FROM INVESTORS...� �Sentiment Overview: Pessimists Increase by 18% ��Stocks: Horrible Start to 2008, Worse in 2009 ����Ex-Senate aide charged in Abramoff scandal�� THE FAILED INFLUENCE GAME: Stimulus still aiding K Street�� Swiss party wants to punish USA for UBS bank probe... Developing...�� Japan stocks fall after lender seeks bankruptcy (AP)�� Gov't reportedly mulls dilution, more obfuscation, and more money down the rabbit hole by taking larger stake in Citi (AP)�� RBS prepares to unveil global downsizing plan� Richard Russell: Bear Market Remains in Force ���Summary of Global Investment Returns Yearbook 2009 ���The New Depression - The Lessons of the 1930s ���Markets May be Said to be Oversold (Again), But Decisive Rally Won�t Be Forthcoming as Much Worse and Much More Selling to Come ��Philly newspaper owner files for Chapter 11 (AP)��

�Previous (2-20-09), stocks tumbled around the world, sending the Standard & Poor�s 500 Index to its biggest weekly drop since November, on concern the deepening recession will force banks to seek more government aid. Europe�s Dow Jones Stoxx 600 Index slid to a six-year low, and Japan�s Topix Index declined to the worst level since 1984.� Analysts saying impossible to predict bottom in this dismal scenario, nationalization concerns, not bottomed yet, new bear market lows. Art Hogan says greater than 50% is defacto nationalization anyway and nothing left for shareholders, pricing mechanism for toxic assets problematic along with negative capitalization ratios, new lows in offing, gold for capital preservation along with treasuries and money markets. Nader says depression. There�s no end/bottom in sight. One says 2011-2014 earliest for bottoming at best and that nationalization means politization. One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society. SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� ��Major indexes fall more than 6 percent for week�� The Great Depression has Arrived- Collapsing American Dreams ���Defacto if not dejure nationalization realities hit Citi, BofA�� Soros sees no bottom for world financial "collapse"� Trustee: Some Madoff stock trades were fiction�� Morgan Stanley offers $3 billion broker bonuses, Wells none (Reuters)�� Gold Hits $1,000 ��Ron Paul: Stimulus �Waste of Money� ����The Inconveninent Debt ���Gold Tops $1,000, First Time Since March as Depression Deepens ���Stocks Drop Around the World; Stoxx 600 Falls to 6-Year Low ���Fed Hides Destination Of $2 Trillion In Bailout Money ��The United States was in much better shape, economically, going into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We are in a lot of trouble��More Economists Say Crisis Is Worse Than Great Depression ��Previous (2-18-09), all news much worse than expected as new home starts plunge 17% (-56% year over year), fed/bernanke downgrades economic forecast (rallied stocks when he made same which was bull s**t then as pointed out here) predicting reality of contraction which he says will be protracted, prolonged and increased unemployment (9%) though reality is much worse than they�re once again (falsely) predicting (we�re already significantly past 9% unemployment) and as one economist points out, in an economic freefall. bernanke�s outlook realistically dismal which sentiment is shared by analysts/economists who envision no bottoming until well into 2010 at best because�..this is a DEPRESSION!� Previous (2-19-09), �Initial jobless claims totaled 627,000, topping the 620,000 claims that were expected. Initial claims were unchanged week-over-week, while the four-week moving average moved up to 619,000 from 608,500. Continuing claims reached record highs of 4.99 million. Economists forecast 4.81 million continuing claims. The four-week moving average for continuing claims stands at 4.84 million, up from 4.75 million. Jobless claims were a drag on the January index of leading economic indicators, which increased 0.4%, exceeding the consensus forecast of a 0.1% increase. An increase in the money supply proved to be the main driver lifting the index, but the increased money supply contributes to inflationary concerns. Producer prices, which measure inflation, increased more than expected in January. The January PPI and core PPI were up 0.8% and 0.4%, respectively.� Philly fed manufacturing index at 18 year low. The easiest to forecast leading economic indicator was fudged to the upside, though still marginal,� with said fake number substantially exceeding all private forecasts (stock prices, auto, housing, employment, etc., all down sharply in subject month�..hence, I don�t think so and fake report). Analysts saying stimulus plan not stimulative, specter of bank nationalization (banks insolvent), loss of pricing power across most all industries, and then the plethora of very bad economic/financial data with breakthrough technical bottoms, looking for violent sell-off/capitulation to provide minimal/short-lived bear market rallies, with some ephemeral opportunities among defensive stock plays, ie., whole foods (pricing power), auto parts (refurbishing old cars). One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society. SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Jobless Claims Hit Record High; Inflation Jumps ���Dow falls to 6-year low as banks slide� Wholesale inflation takes biggest jump in 6 months ��Dow Closes at New Bear-Market Low �Dow Theorists spot a bear�� Rising debt will overwhelm Obama�s effort to rescue the economy ���Bank debt trades at distressed levels (at FT.com) �5 million Americans drawing jobless benefits� AP IMPACT: Jobless hit with bank fees on benefits (AP)�� FBI tracks down Texas financier in fraud case (AP)��� FBI finds Allen Stanford in Virginia�� Stanford curried influence in DC: watchdog group�� PC makers' shares fall on worsening demand���� BofA and Citi shares fall on defacto or dejure nationalization near���� GE shares dip to lowest since 1995�� �Feb. could be worst month yet for jobless claims��� Fitch downgrades Marriott on lodging softness (AP)� Fed downgrades economic forecast for this year ���The United States was in much better shape, economically, going into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We are in a lot of trouble��More Economists Say Crisis Is Worse Than Great Depression ��Previous (2-18-09), all news much worse than expected as new home starts plunge 17% (-56% year over year), fed/bernanke downgrades economic forecast (rallied stocks when he made same which was bull s**t then as pointed out here) predicting reality of contraction which he says will be protracted, prolonged and increased unemployment (9%) though reality is much worse than they�re once again (falsely) predicting (we�re already significantly past 9% unemployment) and as one economist points out, in an economic freefall. bernanke�s outlook realistically dismal which sentiment is shared by analysts/economists who envision no bottoming until well into 2010 at best because�..this is a DEPRESSION!

Not Just a Few Bad Apples - Corruption is Systemic in America ���Fed downgrades economic forecast for this year �Fed says US economy will get worse in 2009�� Bernanke cuts growth view, considers inflation target �Hundreds seek their money as Stanford fallout spreads�� HP cuts full year outlook (Reuters)�� UBS to pay $780M, open secret Swiss bank records��� Billionaire's bank customers denied their deposits��� HP profit slumps 13 pct on weak PC and ink sales�� [$$] Dow ends little-changed amid slew of grim news (at The Wall Street Journal Online)��� The Bull's Case for Buying Gold��� �...starts, permits plunge to new record lows SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

� Previous (2-17-09), modest losses relative to reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Analysts say not very encouraging, market saying stimulus will not work, lots of toxic assets still out their, nothing safe in bear market, oil to $80, gold appropriate hedge against deflation and inflation and deserves spot in portfolios, no turnaround anytime soon, and tough-sledding ahead. ï¿½ï¿½The United States was in much better shape, economically, going into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We are in a lot of trouble��More Economists Say Crisis Is Worse Than Great Depression Joint Chiefs chairman calls fiscal calamity a bigger threat than any war ��GM seeks up to $30B in aid, to cut 47,000 jobs (AP)�� GM and Chrysler seek nearly $22 billion more in aid�� Stocks sink to November lows on depression fears��� U.S. charges Allen Stanford with "massive" fraud��� Reality about expensive, flawed, failed stimulus drag stocks down sharply (AP) ���It�s Getting Ugly: Economist Says Hoard Gold & Scotch Paul Joseph Watson | Williams predicts hyperinflationary depression will mean a $100 dollar bill is worth less than toilet paper.� 65 Trillion - U.S. Financial Obligations Exceed The Entire World�s GDP ��A �Monetary Stalingrad� is on its way to Europe ��Kansas suspends income tax refunds, may miss payroll ���Europe�s economic slump deeper than expected �Total desperation by frauds on wall street. One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. Indeed, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so SELL /SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �GM seeks up to $30B in aid, to cut 47,000 jobs (AP)�� America's Insolvent Banks (at Seeking Alpha)� Gold Jumps to 7-Month High as Investors Seek to Preserve Wealth ���Stocks sink to 3-month lows ���GM and Chrysler seek nearly $22 billion more in aid�� Stocks sink to November lows on depression fears��� U.S. charges Allen Stanford with "massive" fraud��� Reality about expensive, flawed, failed stimulus drag stocks down sharply (AP)�� It�s Getting Ugly: Economist Says Hoard Gold & Scotch Paul Joseph Watson | Williams predicts hyperinflationary depression will mean a $100 dollar bill is worth less than toilet paper.� 65 Trillion - U.S. Financial Obligations Exceed The Entire World�s GDP ��A �Monetary Stalingrad� is on its way to Europe ��Kansas suspends income tax refunds, may miss payroll ���Europe�s economic slump deeper than expected ���WORLD TO STAY IN SLUMP�� Previous(2-13-09), modest losses relative to reality inasmuch as outlook remains bleak with data (though sugar-coated, inflated, false to provide more favorable b.s. talk points) dismal as consumer confidence down sharply ((56.2 vs. 61.2 previous, job losses continue as do earnings declines/losses, bankruptcies, defaults, etc., so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Analysts negative regarding level of uncertainty, skepticism regarding more stimulus/bailout money down the rabbit hole, longer-term considerations of deflation/hyperinflation, and particularly the valuation of assets in any of the bailouts, etc.. Oil inventories high but production cuts will weigh heavily later. [$$] Long-Term Dow Chart Suggests More Downside ��Large U.S. banks on edge of insolvency, experts say ��Regulators close banks in Neb., Fla., Ill., Ore.� GOLD Separating from the US DOLLAR-Banks insolvent ����Another $3T of U.S. Debt: Don't Count on Foreigners to Pay for Our Bailouts �����U.S. auto suppliers seek $18.5 billion in government aid�� How Banks Are Worsening the Foreclosure Crisis ���Stocks fall as investors can't shake economic woes�� Huge stimulus bill only the beginning of the end, substantial investment in Weimar dollar printing presses/operators envisioned: Obama�� Will the stimulus actually stimulate? Economists say no ����This is 1930 all over again and far worse �Federal obligations exceed world GDP...�� Euro Zone Sees Biggest Contraction on Record ���Previous (2-12-09), suckers� bear market rally with 200+ point upswing into the close based on b**l s**t alone on continuing bad news including� increasingly high job loss/unemployment numbers (though vastly understated), unexpected (euphemistic for false) +1% January retail, and leak of yet the new latest, greatest, economic �stimulus�/subsidy, etc., so especially great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! 23% decrease in wealth in u.s. and much further to go. Fed printing worthless Weimar dollars like mad (ultimately, inevitably hyperinflationary)� while treasury securities bubble gets bigger (stay away from treasuries � TIPS/treasury inflation protected securities only). Total desperation by frauds on wall street. One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. Indeed, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. Obama�s Stimulus Not Enough to Avert Biggest GDP Drop Since 1946� Bloomberg | Obama�s stimulus plan will be insufficient to avert the biggest U.S. economic decline since 1946 as consumer spending posts its longest slide on record.� ����Marc Faber: U S will default on debt or enter hyperinflation �YouTube | Mr. Faber predicts the Zimbabwe model for the United States. Home Prices Slide 12%, Most on Record, as Foreclosures Drain Value...�� Deluge of Financial Calamities Looming by Mid-March ��Retail sales rebound, jobless claims stay high�� ABCNEWS: CATERPILLAR CEO contradicts Obama: 'We're going to have more layoffs before we start hiring again'... �Retail sales rise unexpectedly (false report) in January������ Wells Fargo charge boosts fourth quarter loss (Reuters)��� Oh yet another new mortgage plan news is bs purported reason for spurring late suckers bear market stock rally�� The Market and geithner's Empty Suit No Plan ����SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Previous (2-11-09), suckers bear market rally into the close based upon the bailout/stimulus fairy tale. Reality speaks for itself so the following latest news links (job loss/cut anouncements too numerous for inclusion and real numbers/data worse than false/gov�t/shill reports) plus previous 2-10-09 assessment which follows. �WORST ECONOMIC COLLAPSE EVER� �In 2009 were going to see the worst economic collapse ever, the Greatest Depression, says Gerald Celente, U.S. trend forecaster. He believes its going to be very violent in the U.S., including there being a tax revolt.��� This DEPRESSION will last 23-26 YEARS! Government is POWERLESS! �We are facing a Depression that will last 23-26 years. The response of government is going to seal our fate because they cannot learn from the past and will make the same mistakes that every politician has made before them.� ���Economic Rescue Plan: More Debt, More Dollar Devaluation And More Government ����Larry Summers: Fox Guarding The Henhouse ���COMEX Crash To Send Gold To $3,000 ���Gold jumps 3 pct to 6-1/2 mth high on risk aversion ���Highest Unemployment in Three Decades ���Economic Rescue Plan: More Debt, More Dollar Devaluation And More Government ���PAPER: European banks sitting on $24 trillion of toxic assets... The Day After: Stocks Struggle to Overcome Geithner's Stumble, RIM's Warning���� Why Americans Should Care More About the $2-$5T Bailout vs. the $789B Stimulus ��Ireland to take control of banks...�� Popular Rage Grows as Global Crisis Worsens �Previously (2-10-09) only modest drop relative to reality as pointed out by analyst Frank Cochrane who looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. There seems near unanimity by astute people in the know that timothy (only the little people pay taxes) geithner is just not up to the job. Indeed, his apparent Freudian slip �arrest it� must have been a manifestation of his guilt for purposely evading taxes [he still after audit and before confirmation has not paid the taxes he asserted as time-barred for collection (should have been arrested)], and then there�s the $4 trillion missing at the New York fed (and hence his prospective arrest), and now even more obfuscation with regard to taxpayer funds (possible future arrest?). A career bureaucrat, one economist/analyst points out that tiny tim geithner is not an economist and his so-called plan is without a plan yet we�re now talking in trillions. Helicopter ben bernanke paints realistically bleak outlook [though rosier than reality The Economist, a Widely Respected and Authoritative Financial/Economic Publication: U.S. In Depression, Not Recession �����Video: Crash Will be Worse than Great Depression ��Great Recession/Depression of 2008, et seq., Worse Than All Others� IMF warns of Great Depression ��Stocks Could Drop 20%, No Safe Haven: Dr. Reality ���Celente Correctly Predicts Revolution, Food Riots, Tax Rebellions By 2012 �Former chief economist: U.S. in a depression ��Merrill Lynch�s Chief Economist: We�re Already In a Depression �Ray Dalio: A Long and Painful Depression - Barron's Interview���� ���Trendsresearch.com forecast for 2009� , job losses like mad, and don�t believe the understated unemployment rates] seems flustered, impotent but really should allow alan greenspan his due for the current debacle. How about charging, arresting, and prosecuting the perpetrators of the massive fraud instead of using taxpayer funds to bail them out (especially since they�re now buying the fraudulent, worthless securities as well as talking funny books � they already have the funny money being printed like mad). Especially great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� .� UBS cuts jobs after fourth-quarter loss (Reuters)����� UBS to slash more jobs after reporting $7 billion loss�� Blue Chip poll cuts forecast for second half 2009 (Reuters)� GM cuts 10000 salaried jobs, trims employees' pay��� Sirius preparing possible bankruptcy filing: report��� Stocks sink over 4 percent on bank plan apprehension������ U.S. offers $2 trillion bank plan but stocks slump���� GE transport unit to cut or furlough 1,550 workers��� Asia stocks fall amid skepticism over US bank plan (AP)��� $3 trillion! � Senate, Fed, Treasury attack crisis�� [$$] Foreclosure 'Tsunami' Hits Mortgage-Servicing Firms (at The Wall Street Journal Online)� Senate Passes $819 Billion Economic Stimulus Bill ����Bernanke Begins �Thorough Review� of Fed Disclosure ����Stocks Tumble as Bailout Plan Is Unveiled ��Previous (2-9-09), suckers� bear market/short-covering rally into the close to end mixed based on continuing bad news including� new job cuts/losses including 20,000 from Nissan, etc., so still great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Barron�s: Economist/analyst says depression has long way to go and lot�s of prospective pain Ray Dalio: A Long and Painful Depression - Barron's Interview �. Analysts talk up adage, �buy on rumor, sell on news� regarding ie., bailouts, bailouts, bailouts, with money they don�t have as total now approaches $9.7 trillion (printing those worthless Weimar dollars like mad, ultimately/inevitably hyperinflationary), buy gold on dips; short-covering rally via irrational exuberance induced bailout news, downside volatility, dilution (stock issued will dilute EPS), stimulus won�t work, lottery stocks (financials) based on short-term blips based on b.s./bailout news alone.� Ray Dalio: A Long and Painful Depression - Barron's Interview���� Financial plan won't include "bad bank": TV����� One in eight lenders may fail, RBC says��� One Scary Unemployment Chart ����Bring back the guillotine� for bankers ��Geithner says G7 should act �promptly� on economy ��We�re moving close to �a bailout-based economy� ���Protectionism, unemployment and riots as the global slump deepens ���Obama�s Change: Expanding the Power of the NSC and Shadow Government ������Fitch cuts BofA ratings (at bizjournals.com)�� House Appropriations Chairman on Stimulus Waste: 'So What'...��� CBO: Stimulus harmful over long haul...�� �LG Elec to cut $2.2 billion costs as recession bites (Reuters)�� Previous (2-6-09), suckers� bear market rally based on especially bad news, viz., �depression-battered employers eliminated 598,000 jobs in January, the most since the end of 1974, bringing unemployment rate to 7.6 percent, the grim figures being further proof that the nation's job climate is deteriorating at an alarming clip with no end in sight.�� Economy so weak oil demand and price down but oil stocks rallied in the alice-in-wonderland fraudulent world of wall street. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so especially great opportunity to SELL/TAKE PROFITS SINCE MUCH, MUCH WORSE TO COME!� ����Real Unemployment Figures Double Those Reported By Labor Department Paul Joseph Watson | 7.6% is actually over 15% - just 9% shy of figure at height of great depression.�� Financial Coup d�Etat �����Rep. Kanjorski: $550 Billion Disappeared in �Electronic Run On the Banks� �U.S. job losses accelerate��� Fed's Yellen sees dynamics similar to Depression��� Regulators close 3 more U.S. banks��� Consumer credit falls more than expected in Dec.�� Peter Schiff: Stimulus Bill Will Lead to �Unmitigated Disaster� ���Nearly 600K jobs lost in Jan.; more pain ahead��� Peter Schiff: Why I'm Right About the Substantial Further Decline and My Critics Are All Wrong ���There is a high chance a majority of the States within the United States of America could file for Chapter 9 bankruptcy. There are currently 46 states with high budget deficits, Arizona being one of them. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� �Previous day�s (2-5-09) news as bad, ie., record level monthly unemployment numbers much worse than expected 626,000, factory orders down, IMF says no breakthrough in stabilizing financial sector, etc., but irrational exuberance on bailout talk and prospect of not only funny money but now funny assets with proposed new accounting rules to hide financial reality (dismal) so great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� U.S. jobless claims surge in latest week to 626,000 ����Parallels With the Great Depression ���Obama Warns of �Catastrophe:� What Happened to �Hope� and �Change?����� NEWS CORP loses $6.4 billion...� ...writedowns ����GE chief warns on USA depression threat...����� Watchdog: Treasury overpaid for bank stocks...��� USA Must Spend Trillions they don�t have to prevent a long-lasting� Depression'...���� GERMAN BANK FIRST LOSS SINCE WWII OWING TO AMERICAN SECURITIES FRAUD DEBACLE; REJECTS STATE AID...��� MCCLATCHY reports loss on newspapers' decline, plans deep cost cuts...��� Treasury in plans for record debt sale...��� Accounting rule change for more cook the books fraud and bailout hopes spur Wall St. rally��� New jobless claims surge to 26-year high��� Auto suppliers seek rescue as crisis deepens�� Art Hogan refers to the prevalence of bailout rhetoric, financials (among others) under pressure because there have been twice as many downside surprises on the earnings front with either no guidance or bad outlook, and cites new trading range for oil at $40 - $50.� Kraft, bank worries knock Wall St; Cisco hit late�� Cisco outlook misses expectations��� The Bad Bank Assets Proposal: Even Worse Than You Imagined��� TIMEWARNER the troubled, horribly managed media company swings to 4Q loss on hefty writedown...�� UBS Boosts �09 Gold Forecast to $1,000 �One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted. Indeed, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. ��Another Prominent Economist Forecasts Depression, Says Gold To Hit $2000 ��Auto sales hit 27-year low��� US auto sales plunge 37 percent to 26-year low��� Motorola's woes pile up in $3.6B quarterly loss��� Disney 1Q profits drop 32 percent; shares slide��� Wells Fargo defends, then cancels Vegas junket��� �Electronic Arts posts wider loss, huge layoffs announced, hurt by charges�� Fed Secretly Lends $2 Trillion to Banksters without Oversight ���JAPAN: �There has never been data this bad for any major economy - even in the great Depression�; �We are literally looking at the unimaginable� ����Obama predicts more bank failures ��California goes broke, halts $3.5 billion in payments �Previous, consumer spending down (-1%), manufacturing activity down, construction spending down 5.1% and much worse than expected. Problems ahead for bonds (currency risk, low yield, etc.) including treasuries (bubble), interest rates prospectively higher, bad real estate market into 2010 as banks play catch up on foreclosed properties, with top end getting hit and weaker rental market to boot.� ��The United States was in much better shape, economically, going into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We are in a lot of trouble��.� Personal bankruptcies soar 33% ���More Economists Say Crisis Is Worse Than Great Depression �Steve Watson | Ominous headlines have prominent analysts spelling out disaster. Macy's cuts 7,000 jobs, slashes dividend� Factory decline, consumer spending drops�� Morgan Stanley plans up to 4 percent in job cuts�� Joint Chiefs chairman calls fiscal calamity a bigger threat than any war ��WALL ST ALREADY DOWN 10% FOR YEAR...� Folding dealers shock car buyers with unpaid liens (AP)� ��GlaxoSmithkline to cut 6,000 jobs: report�� The New Economic Reality �do not think we should be incurring trillions in debt for an ill-conceived or even a properly conceived plan. We cannot spend that much. OUR PROBLEM WAS SPENDING MORE THAN WE MADE SO THE ANSWER CANNOT BE THE GOVERNMENT ALLOWING US TO SPEND MORE THAN WE MAKE. Joseph Stiglitz, a Nobel laureate, can tell you better than me, and he thinks we are asking for major problems.�� Florida, Maryland, Utah Banks Seized Amid Deepening Financial Crisis...�� Worse than the Great Depression ����Charts Predict: Oil May Whip Back up to $100 ���Previous session, 31st u.s. bank to fail, 6th this year, Economy's new plunge is worst in quarter-century (AP) as GDP falls 3.8% defying much worse/higher private/real forecasts/estimates; bad economy, bad economic data, bad real estate market; defensive non-equity investing recommended, ie., short-term bonds, single short ETF hedge funds, etc.. One analyst points out there has been not one prosecution thus far and they should be prosecuted. Indeed, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. GDP sees biggest drop in 27 years� The Ugly Truth: The American Economy is Not Coming Back ����Economy, bank woes drag market to worst January ever� Economy's new plunge is worst in quarter-century��� Stocks' January drop isn't welcome sign for 2009�� [$$] January Was Dow's Worst In 113 Years (at The Wall Street Journal Online)� Economy's new plunge is worst in quarter-century (AP)� Worst January ever for Dow, S&P 500�� US Stocks Drop, Capping Market�s Worst January, on Economy Bloomberg�� US Stocks Off; Financials, Industrials Lead DJIA Under 8000 MarketWatch�� US Economy Will Keep Sliding After Shrinking Most Since 1982�� U.S. Eyes Two-Part Bailout for Banks ����46 Of 50 States Could File Bankruptcy In 2009-2010 �Economic crisis has put the world �on the road to serious social instability� �Gold rallies 2 pct on haven buying, hits euro high ��Worst January on Record for Stocks... Previous session, at least Obama referred to the outrageousness of the wall street perps/frauds who created the crisis, got wealthier in so doing at other peoples expense/damage, received taxpayer bailout funds because of what crimes they did, and now reportedly took huge bonuses ($18 billion) for failed and fraudulent performance; but if he thinks shaming them into better behavior is effective, then he is a fool. One analyst points out there has been not one prosecution thus far and they should be prosecuted. Indeed, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. All bad news: all-time record continuing unemployment claims, durable goods orders down more than expected, new home sales down record levels (-37%), banking system insolvent, long-term treasuy bubble about to burst, DEPRESSION, etc.; December durable goods orders declined 2.6%, marking the fifth straight monthly decline. Excluding transportation, orders were down 3.6%. The drop in both readings was also steeper than expected. In other economic news, December new home sales declined more than expected, falling almost 15% from the prior month. The supply of new homes is at an all-time high of nearly 13 months, based on the pace of current sales. Demand for new homes remains weak as weak labor markets limit buyers. Initial jobless claims for the week ended Jan. 24 increased modestly to 588,000, which exceeded the 575,000 claims expected. Continuing claims climbed to 4.78 million, which is the highest level for continuing claims in 40 years. More Economists Say Crisis Is Worse Than Great Depression �Steve Watson | Ominous headlines have prominent analysts spelling out disaster. Jobless Sheep��� Fed Reserve Fails to Reflate the US Banking System Signs of deepening economic woes slam Wall St.� Americans receiving jobless benefits hits record... ���[$$] Ex-Merrill Executives Got Burned by Madoff (at The Wall Street Journal Online)��� Disney plans 5 pct job cuts at ABC group� US new jobless claims up,continued claims a record Workers receiving unemployment at 25-year high��� Obama calls $18B in Wall Street bonuses 'shameful� � Is that it? Is that all there is? What about illegal as the perpetrators of the massive fraud receive taxpayer bailout funds �for their bonuses.'���� Japanese output falls at record pace���� Ford posts $14.6B 2008 loss, near $6 billion loss for quarter, still won't seek aid��� Merrill Lynch�s Chief Economist: We�re Already In a Depression ���Stocks Could Drop 20%, No Safe Haven: Dr. Reality ���MURDOCH: Crisis Worsening, 'Drastic Action' Needed...�� Stiffed: Why are bailed-out banks helping Pfizer buy Wyeth? Previous, suckers� bear market ralley based on b**l s**t alone, viz., the now fabled big bad wolf bank to eat all the so-called toxic debt at taxpayer expense (for the economy- what a fairy tale),� etc., so especially great opportunity to SELL/SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! All bad news continues: Boeing to cut 10,000 jobs, AOL 700, Starbucks 6,700 , and on and on, the list is long, continues, and is growing, Warning over collapse in capital flows Telegraph | The world economy will shrink this year for the first time since the Second World War, warns the gloomiest forecast yet delivered by a major international institutional.� �MERRILL LYNCH�S CHIEF ECONOMIST: WE�RE ALREADY IN A DEPRESSION ����Stocks Could Drop 20%, No Safe Haven: Dr. Reality ���World growth �worst for 60 years� ��Mass layoffs surge in 2008, continue at rapid pace (AP)�� 'American consumer can no longer act as motor of global economy'... ����Analyst Ciovacco sums it up thusly: �We have seen many of these bailout inspired "feel good" days during the bear market. The market cheered the bailout out of Bear Sterns, only to retrace all the gains while moving to lower lows. When Fannie and Freddie were bailed out by you and me (taxpayers), the market "felt good" only to move on to lower lows and more losses. When AIG was bailout out by - you guessed it, you and me, it was seen as a positive. Stocks went on to make new lows. TARP was hailed by the markets as the answer to all our problems - stocks moved higher in anticipation, then made new lows. When the formerly "big" three were given government loans, the market breathed a sigh of relief - then, you guessed it, moved lower.Here we go again. The �bad bank� is this morning�s feel good story. The futures are higher on �speculation� the government will set up a bad bank. The problem is a familiar one for money managers - we do not know what the rules are and how the "bad bank" will be set up. Will it be good for shareholders in banks? Will it be bad for shareholders in banks? We are not sure because we have no details on the latest bailout, only speculation and a few sound bites. The basic goal of the bad bank according to this morning�s news reports is to "get lending going again". In an overleveraged world, is more credit really the answer? I thought too much credit was the problem�Previous, what are they drinking, smoking, snorting on wall street with suckers� bear market rally on decisively bad news; viz., consumer confidence at lowest level ever recorded (37.7) Consumer Confidence Slides to Record Low in January , 18% plunge in home prices as per highly regarded Case/Shiller Index, Retail Federation gives bad retail outlook, layoffs du jour galore, etc., and even as oil plunged on the bad economic data, oil stocks rallied�riiiiight! What, they worry�hell no�they work for wallstreet/government. They�ll still get their commissions on the way down and maybe stick you with their over-priced dogs as well. Same modus operandi as in January et seq, 2008 when they sucked in the suckers who this time (fool you twice, shame on you) will deserve to be burned for wall street commissions/ compensation/ bonuses� sake as in the year just passed.� The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Bank bailout could cost $4 trillion CEO confidence plunges around the globe� ��Consumer mood at record lows, house prices sag� Corning slashes up to 4,900 jobs to cut costs� �Moody's says could cut GE's triple-A credit rating� Target eliminates positions amid weak sales �Nation's economic mood darkens as more jobs vanish� S&P index shows plunge in November home prices�� Yahoo posts higher profit but outlook weak� Yahoo suffers 4Q loss, but tops analyst views ��IBM quietly cuts thousands of jobs� Economy in free fall in fourth quarter Companies in U.S. to Slash More Jobs, Business Economists Say ���military spending is crippling america ��Previously, wall street frauds� nirvana (commissioning a large incline then decline then suckers� bear market rally into the close incline) at just a program loop, button push, mouse click away based on bull s**t alone and �Little Shop of Horrors�� viz., wall street vegetables clamoring �feed me, feed me� with hopes for taxpayer bailout funds and short-covering bear market rally.. Motek�s experts: One land of fruits and nuts politician too many for a business hour; there will be no further comments relative to Frank Motek�s knx1070am caleefornia business hour inasmuch as the show has become a bit too parochial and limited in scope. 68,000 new job cuts this day alone.� Existing home sales on foreclosures up 6.5% so new home sellers rally�riiiight!...Preposterous!...Leading indicators allegedly up .3%� on increase in money supply (hyperinflationary)�Riiiiight! NY financier arrested in purported $400 million scam Reuters Job-killing depression racks up more layoff victims�� Economy in free fall in fourth quarter ��FANNIE to Seek Up to $16 Billion in Emergency Treasury Aid to Stay Afloat...�� Gloom deepens as 75,000 global jobs go...�� Gold pushes above $900 in buying spree; Yellow metal posts all-time highs in euro and sterling...� Economy in free fall in fourth quarter Previous, mixed finish on relatively light volume defies reality with another near 200 point swing to the upside on suckers� bear market rally into the close to keep suckers suckered on decisively bad news so sell into rallies/strength/take profits/sell while you still can since much, much worse to come. Motek experts: Art Hogan points to volatility, lots of headwinds for market, magnitude of the worse than expected results, doubling underestimated earnings to downside and no guidance indicative of lack of belief in efficacy of stimulus, and lag effect concerning stimulus which will help but not soon enough. Investment analyst says P/E ratios for stocks much too pricey, cite S&P single digits in milder recessions past hence way over-valued at 15 P/E now.� GE profit down 44 percent�� Earnings and depression batter world stocks��� Britain officially slips into recession� ��Schlumberger 4Q tumbles; sees rough year ahead��� Harley to cut 1,100 jobs as 4Q profit falls��� Xerox 4Q profit plunges, misses Wall Street view (AP)�� ����2009 Heralds �A New Age Of Rebellion��� �Geithner's failure to pay taxes completely intentional �������Misguided Spending Will Only Take Us Deeper Into Depression���� Poor earnings, opaque forecasts weigh on stocks (AP)�� Freddie Mac to ask for billions more in funds��� Freddie Mac to ask government for another $30-$35 billion��� Brower Piven Encourages Investors Who Have Losses in Excess of $500,000 From Investment in Bank of America Corporation to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsuit Before the March 23, 2009 (Marketwire)��� Capital One results suggest gloomy 2009 for credit card industry����� Wall Street's culture of entitlement hard to shake���� �The stock market has been bluffing investors for decades. The market's indiscernible jolts have been particularly pronounced and painful in recent months.� Simon Maierhofer�Unprecedented� Job Cuts in Works at World�s Largest Automaker ���[video] Gold Surges ��VIDEO: THE GLOBAL FINANCIAL CRISIS - Montreal Lecture: The Great Depression of the 21st Century ���Motek experts: Discuss new unemployment claims at 589,000 match 26 year high, 4.6 million continuing u.e. claims,� wall street strategist (actually just another wall street fraud) thain at last minutes before BofA bailout/takeover does compensation/bonuses/expenditures and gets axed, all-time low for housing starts with downsides well into 2010, job losses trend to accelerate well into second half 2009. Analyst says near term increased uncertainty, gamble, financials undercapitalized, recommends risk adjusted/barely below investment grade junk bund funds (high ror) and gold mining etf�s while warning long-term treasuries to take a hit. Reporter discusses negative I.T./pc market, spending and job cuts and absence of forward-looking guidance. Worsening signs for Apple with slowdown in pc sales and reliance on retail/pricing. Currency expert says problems serious, gov�t needs to raise $2 trillion, crowd out private sector, increase cost of money, fanny/freddy, government replacing private mortgage lending with negative implications. Frank congratulates Paul Kangus on Nightly Business Report 30 year anniversary where he began his business reporting career.� Just The Early Stages of Economic and Financial Collapse �Jobless claims surge, housing starts tumble �Back In Reds After Economic Data... ��Bank results plummet...�� Angry customer rammed bank with pickup...��� GOOGLE PROFIT SLIPS FOR FIRST TIME...�� MICROSOFT stuns with profit miss, job cuts... �Roubini: Banking System is �Bankrupt�, �Effectively Insolvent�� Previous, wall street frauds� nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away based on bull s**t alone and �Little (wall street) Shop of Horrors�� viz., wall street vegetables clamoring �feed me, feed me� with high (what are they smoking, drinking, snorting) hopes for taxpayer bailout funds and short-covering bear market rally. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Motek�s experts: Analyst/options/speculator talks roller coaster ride on wall street regardless of results, banks still in trouble with dilution via government takeovers, talks lessons�please, give us a break�, then risky strategies, ie., risky bonds into riskier equities as if that isn�t that how we got into the continuing mess. Only-the-little-people-pay-taxes geithner, a co-architect of the current mess said food lines long and getting longer even as he dodges taxes (purposefully�after audit and as currently pending appointment, paid back taxes but scofflawed time-barred taxes owed), while economist says geithner a scofflaw and stimulus just more pork. Geithner was �involved in just about every flawed bailout� of the Bush era (On capital hill they were afraid to ask the question as to where is that missing $4 trillion at he ny federal reserve bank which is defacto complicity) Financial Times editor says dramatic prospective action will be very unpleasant for shareholders. S&P 500 Q408 Earnings Now Expected to Fall 28.2% Royal Bank of Scotland to Record $41 Billion loss, State Street profits down 71%, Bad news across the board as Worst Inauguration Day Drop in Dow Industrial History...� Roubini Predicts U.S. Losses May Reach $3.6 Trillion ���Prominent Economist: Crisis Caused By Government Interventions �Motek�s experts: Land of fruits and nuts actor/entertainer/speculator/sometimes economist Ben Stein [who previously took a page out of GM�s playbook by lambasting Fortune Magazine (you might recall some two decades ago that Fortune warned of GM managerial ineptitude to which GM responded with outrage and withdrew all advertising and revenue to Fortune thereby in retaliation - if only they had listened) for saying caleefornia is number 1, numero uno �.. as prospectively worse real estate market in the nation, the same Ben Stein who poo-pooed Peter Shiff�s correct prediction of market crash, but did correctly state fed policies hyperinflationary, and also just criticized Shiff�s recent prognostication ( he previously had to apologize to Shiff having done wrongly so before- �his criticism of Peter Shiff for warning of this debacle years ago). He throws out a couple of economic terms (demand pull/cost push inflationary terms) to buttress his criticism of Shiff but he�s just out to lunch in citing the absence of demand as militating against Shiff�s inflationary argument since history (and even currently, i.e., zimbabwee) is replete with examples of low demand and or impoverished nations that have over-printed their currencies with hyperinflationary results as will occur in u.s.). Stein should be on the Strip doing stand-up (comedy). He is a joke!] while commenting on the inaugural address (who cares�what do you expect them to say�all talk is cheap in fraudulent america particularly) says in need of specifics, says because he can�t do taxes geithner doesn�t have to, talks gov�t guarantees on loans except for fraud, bad banks/financials, no bottom. Analyst says things getting worse not better, bad equity ratios, banks not sufficiently capitalized, unemployment/job losses yet to hit so worst to come.� Economist says recession/depression with 500,000 job losses per month, housing/stock declines, bad bank bailouts with taxpayer money bad idea/bad deal, hopes on stimulus. Peter Shiff says they buy on rumor and sell on fact/reality, TARP/government spending the problem, new lows for financials, eventual dollar collapse, bailing out/subsidizing incompetent high paid executives, get out of any assets connected to u.s., buy gold.�� Roubini Predicts U.S. Losses May Reach $3.6 Trillion Bloomberg | U.S. financial losses from the credit crisis may reach $3.6 trillion, suggesting the banking system is effectively insolvent. Prominent Economist: Crisis Caused By Government Interventions Steve Watson | People who created the problem are now in charge. Previously, a big suckers� depression era rally of near 200 points into the close to keep suckers sucked in while churning and earning those commission dollars on decisively bad news (ie., circuit city liquidates/sheds 30,000 jobs, more job cut announcements, manufacturing down 2%, cpi down .7% on lower gas/oil prices but watch for inevitable hyperinflationary effect of worthless Weimar dollars they�re printing like mad, Citigroup -- after suffering a loss of $8.29 billion, its fifth straight quarterly deficit -- is reorganizing into Citicorp and Citi Holdings�what a joke; first will focus on traditional banking around the world, while the second will hold the company's riskier assets and tougher-to-manage ventures; Bank of America slides to 4Q loss; gets more �down the rabbit hole� taxpayer money; how pathetic, unemployment claims at 54,000 for week, 524,000 for prior month, 4.5 million collecting unemployment/64% increase, foreclosures for December up 17%/2nd worst on record and high for ordinarily slow December, etc.), U.S. foreclosure filings in 2008 rose 81% from 2007 �, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Retail sales much worse than expected -2.7% and double (100% worse) expected decline with financial sector usual suspects providing other dose of bad news, along with beige book which cites weakness in all districts. Job cuts, job cuts, job cuts, and Jobs cut work schedule with medical leave till June, 2009. Oil inventories up however since economy is so bad demand has substantially weakened. What usually either way would have derailed prospective nominees in past, viz., illegal nannies, failure to pay taxes, etc., has rallied defense of geithner� TAX MESS: Panel delays hearing on Obama's Treasury choice... ,� the new york fed man ( Fed Mob Boss Geithner�s Confirmation Sidelined �- too n.y. jewish to fail or be held accountable, in fairness there�s also trump and alito, and bush and clinton, etc., all of whom seem impervious to the laws and rules of civilized governance; owe, oh! how the mighty have fallen, including meaningfully lawless america). Given the state of the nation, who can rationally defend those experienced with having caused the crisis in the first instance (there is the matter of course of campaign finance bribery). HOW ABOUT ASKING GEITHNER ABOUT THE MISSING $4 TRILLION AT N.Y. FED BANK, WHO STOLE IT, ETC., AS A PRE-CONDITION TO HIM EVEN BEING CONSIDERED! THROW THEM, THE FED, WALL STREET FRAUDS, ETC., IN GITMO; THEY�RE CERTAINLY ECONOMIC TERRORISTS, FRAUDS, THIEVES WHO�VE DONE FAR GREATER DAMAGE TO AMERICA THAN ALL AMERICA�S ENEMIES COMBINED. Typical wall street jew madoff will just have to suffer his bail days in his $7.5 million n.y. penthouse apartment. �$700-Billion Bailout Lacks Transparency, Accountability, Congressional Panel Says �Motek�s (Frank still out but returns on Monday, but will his program still be there after decimating week) experts: Senile Wedbush from the land of fruits and nuts to his credit refers to the extent financial scenario by the �D� for Depression word (he very well may have been around to have experienced the first Great Depression) and borrows refrain from old Springfield song of � Wishin� and Hopin� ��riiiight�Start your own company, ie., apple stands (candy, caramel, or plain); land of fruits and nuts better stick with a taco or tamale stand; hot dog stands�riiiiight! (Previous) Hugh Johnson says earnings recession and lots of going out of business signs. Retail analyst says lots of bankruptcy filings and store closures particularly in select regional/female apparel/jewelry. Hugh Johnson, analyst, says Alcoa much worse than expected a wake up call, earnings below expectations, widespread downturn but much more difficult to forecast than ever (welcomed obfuscation so they can talk the talk and sucker you), oil speculators still in play, bailouts old news but enormous deficits/problems therefrom. Investors Business Daily editor, spend and cut taxes, TARP money not enough, $485.2 record deficit, deficits will continue to grow, will catch up to u.s.,� long term better�riiiiight�how �bout in long term as per keynes we�ll all be dead�if you�d have listened to equities oriented IBD you�d probably be broke by now even if you were as they seem to presume a trader.� Analyst Gabriel Isdumb says eventually things will be better�yeah�riiiiight!�right after the depression has run it�s course. Autonation expert says the worst conditions he�s ever seen which he further describes as appalling. All news bad and worse than expected (ie., Alcoa, Citi which received $45 billion in bailout funds and lost $20 billion, etc.). Former chief economist: U.S. in a depression ���The U.S. Economy is being Marched to the Gallows �Andrew Hughes | Predictions of hyperinflation, dollar decline and civil unrest. No Brainer: Bankster Bailout is Unconstitutional �Kurt Nimmo | A world system of financial control in private hands will begin the process of delivering feudalism to the American people. The Economy Is in a Depression �The economy contracted at about a 5% annual rate in the fourth quarter. Bank of America to receive additional $20 billion �International Herald Tribune | The second lifeline brings the government�s total stake in Bank of America to $45 billion and makes it the bank�s largest shareholder, with a stake of about 6 percent. Counterfeiting? Bank of England able to print money without having legally to declare it �Bank of America to Get Billions More From Treasury �Washington Post | The Treasury Department plans to invest billions of dollars in Bank of America to help the company absorb troubled investment bank Merrill Lynch. Citigroup -- after suffering a loss of $8.29 billion, its fifth straight quarterly deficit -- is reorganizing into Citicorp and Citi Holdings. The first will focus on traditional banking around the world, while the second will hold the company's riskier assets and tougher-to-manage ventures. Bank of America slides to 4Q loss; gets more �down the rabbit hole� taxpayer money.�� Bernanke: U.S. Financial Crisis Worse than Japan�s Lost Decade, but We�ll Still Copy the Japanese Playbook, Even Though It Didn�t Work ��Nortel files for bankruptcy, shares plunge , (Reuters) ���$700-Billion Bailout Lacks Transparency, Accountability, Congressional Panel Says U.S. Retail Sales Decline for a Sixth Month ���Dismal holidays over, but retail outlook still dim� , CITIGROUP Stock Falls Below Critical $5 Level...�� 'Long-term transformation'... ����'Swift decline in America's influence'...���� Stocks tumble as worries grow about banks... ���JPMorgan CEO predicts bleak year: report (Reuters) JPMorgan's chief executive predicts that the financial crisis will worsen this year, in an interview with the Financial Times newspaper published on Thursday. �Sen Dorgan: Federal Reserve Refuses To Identify Recipients Of 2 Trillion In Emergency Loans Throw them, the fed, in gitmo; they�re certainly economic terrorists, frauds, thieves who�ve done far greater damage to america than all america�s enemies combined.�� Our Collapsing Economy According to the Bureau of Labor Statistics, nonfarm payroll employment declined by 3,445,000 from December 2007 through December 2008. Marc Faber: �I Think it Might Be Far Worse [Than the Great Depression] Precisely Because of the Interventions� by the Government The latest edition of Marc Faber�s latest newsletter fell off two separate trucks in my �hood, and I thought the most useful bits were Faber�s observations (honed from many years of seeing the world from Asia) that just because a market has gone down a ton doesn�t mean it can�t go down a great deal further. U.S. Economy May Shrink 1.5% in 2009 as Depression Stymies Fed Economists slashed forecasts for U.S. growth in 2009 and projected Federal Reserve policy makers won�t be able to start raising interest rates until 2010, according to a monthly Bloomberg News survey� Treasury: Deficit hits new record in just 3 months... TREASURY PICK FAILED TO PAY TAXES� �Bond Bubble Looms ��The key here is to stay the course and not to be sucked into the hype; don�t let your eyes deceive you. Printing money non-stop for a year (or longer, I don�t see him stopping any time soon) will have consequences (meaning hyperinflation/worthless dollar, etc.).� Those commerce department job numbers in prior months revised upwards (I warned of the falsity of same even as wall street frauds rallied on the false data).� 2.6 million jobs lost in 2008, worst since 1945. Motek�s experts: Financial analyst says treasuries at 0%, money markets near 0%, so seek companies with pristine balance sheets and dividends, negative doldrums as market (irrationally) shrugs off bad news, no magic wand from new president, cross your fingers and hope�..riiiiight! Economist discusses jobs report, says lagging indicator and rough time, savings up but spending down, weakness through at least first quarter of 2010, lots of pain ahead, real estate prices continue decline through coming year,� -20% to �25% with land of fruits and nuts in worst case scenario. Another economist also discusses continued declines for real estate with land of fruits and nuts in worst case camp, foreclosures a lot higher with peak at 20%, and cites (probable) decade long stagnation as Japan in �90�s.�� US Debt is really 53 Trillion. Can you say Dollar Collapse then Massive Hyperinflation Coming? ���Roubini Joins Faber and Rogers in Saying Bubble in Treasuries Will Likely Burst �Now the U.S. porn industry seeks $5billion bailout ��Citi, Morgan Stanley in brokerage talks; Rubin quits�� $$] Rubin Departs Citi on a Low Note (at The Wall Street Journal Online)� Agency warns on automakers' pension funds: report�� Jobless rate at 16-year high as payrolls plunge��� Job losses hit 2.6 million as layoff pain deepens� Wall Street falls on job woes, Citi��� Stocks slide after rise in unemployment rate (AP)�� Manufacturing slumps at fastest pace since 1981 ��More people collecting unemployment benefits ���Depression more severe than thought: Fed�s Rosengren �����Horrible data and again worse than expected but suckers� bear market rally into the close based on bull s**t and bailouts (with money they don�t have) provides excuse for irrational exuberance and mixed close. Weak retail and unemployment at 26 year high.Motek�s experts: Analyst points to dire warnings across the board while real estate/housing/building analyst says 2009 will be bad year with 20% declines in real estate values as unemployment goes higher while another real estate analyst says not a good time to buy a home. U.S. companies face $409 billion pension deficit: study ��U.S. debt is losing its appeal in China ��LET'S PRINT MORE WORTHLESS MONEY! ���Obama Bets Big on Big Government... �Dems Raise Doubts on Plan... �A worse-than-expected ADP employment report indicated 693,000 jobs were lost in December far above the expected 493,000 and a warning from Intel (INTC 14.44, -0.93) underpinned early weakness with typical suckers� rally into the close to finish off lows. Motek�s experts: Analyst says first 5 days of trading in January, 2009 historically a bad sign, gloomy employment scenario with 693,000 jobs lost in December, economic contraction in major way coupled with poor earnings, 1.2 trillion budget deficit at 6.8% of GDP or worse so tough to make bull case, defensive position, low allocation to equities with high capitalization/consumer staples. Oil analyst points to weak economy/jobs data, absence of leveraged money chasing oil and says $60 oil soon. Economist, part of the corrupt fed team discusses job losses. Final expert discusses demographic trends behind and causative of cycles as 1929, 1968, and now, baby boomers, bleak outlook, economically shot their wad in terms of ability to avoid depression. �Analyst Predicts 40% Unemployment, No Recovery until 2015 ����Bear rally over, the great dying begins in corporate America Wall Street falls sharply on employment realities, realistically bleak corporate outlooks �Budget deficit to hit $1.2 trillion in fiscal 2009� Intel warns second time on quarter� U.S. says Madoff sent diamonds in violation of bail�� Profit warnings, poor job outlook weigh on stocks (AP) �Yes, fed now using the �D� for depression word which means we�re in a depression (after all, they were saying no recession when we were already in one). What are they still drinking, smoking, snorting on wall street with suckers� bear market rally into the close. They�ll still get their commissions on the way down and maybe stick you with their over-priced dogs as well. Same modus operandi as in January et seq, 2008 when they sucked in the suckers who this time (fool you twice, shame on you) will deserve to be burned for wall street commissions/compensation/ bonuses� sake as in the year just passed. Service sector (90% of american economy, viz., bull s**t), factory orders, pending home sales down (worst on record) and much worse than expected. �Some reality: After a short modest rally in the stock markets, lasting at best if at all, 1 to 4 months after Obama is inaugurated as President, people will realize that Obama�s stimulus plan isn�t going to work. Specifically, it will become obvious that we�re in a Great Depression, and that nothing that Bushco or Obamaco did can get us out of it (it may take a while longer for people to realize that what both administrations did actually made the financial crisis much worse).� At that point, the stock market will crash like a waterfall. Mish thinks the crash will leave the S&P at 600. Robert McHugh thinks the crash will drive the S&P to 500 or lower (in McHugh�s worst-case scenario, the S&P could end up at 50). At around the time of the crash, the bubble in long-term treasuries will burst. Retirees and other people who have socked away their money in treasuries will get hit hard. The government itself will start massively buying its own long-term treasuries. Motek�s experts: Art Hogan in straight-shootin� mode (as opposed to wall street shill mode) focuses (but only briefly) on fed�s depression/deflation words, says quite correctly that the focus has been on the cure (ie., bailouts) rather than the illness, lots of badnews, dismal earnings, etc., only slightly better at best in second half (I don�t think so), stay away from consumer discretionary cos., metals higher, market may be higher at year end (not likely), but rocky road till then (and beyond). Financial times editor says shocked by fed�s 0% move, very scary scenario, the specter of depression/deflation looms large, much too much optimism over Obama prospective stimulus plan.� Economy in grip of recession/depression, reports show��� Stocks end higher on hopes for economic rebound��� Alcoa to cut 13 pct of global work force���� The Secular Bear Market Continues �����Willem Buiter warns of massive dollar collapse �����Bank Of England Policymaker Predicts Unprecedented Dollar Collapse ����Car sales plunge heralding bleak 2009 but car stocks rally; construction numbers down but building stocks rally. Will We Have a Good 2009? Not If History Is Any Guide ��Stocks slip on telecom and financials; Apple jumps on �jobs alive� news�riiiiight!� Obama plunges into econ talks, borrows a page from bush economic strategy of spending money you don�t have and cutting taxes, and predicts approval� ��Consumer bankruptcies jumped 33% in 2008 and much worse expected in 2009 including commercial bankruptcies far greater and larger than in 2008�� [$$] Don't Get Too Happy About the New Year ��Check This Graph-Proof we are going into a Great Depression. Notice MASSIVE job losses. Is there really any doubt any longer? �The Economist, a Widely Respected and Authoritative Financial/Economic Publication: U.S. In Depression, Not Recession ��Don�t forget their 2008 talk as now for 2009. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. More dismal news for lunatics on wall street to fraud on: ISM factory utilization index fell to the lowest level in over 28 years. Factories mired in worst slump in 28 years� They�re printing worthless Weimar dollars like mad for the celebrated bailouts, bailouts, bailouts, and stimulus so stimulating. Motek�s experts: First expert talks up superstition, the so called �january effect� saying if positive this month then the worst case scenario is �5% for DOW/S&P for the year, so the frauds on wall street are really shootin� for the moon (lunatics) for the effect, still in recession but bear market rallies not bad but not for buy and hold crowd, dump non-performers, favors medical devices/health care related, disfavors autos/financials. Another expert who scans/digests newsletters says market/newsletter euphoria contra-indicated, new lows are coming, the best funds in 2008 were short or cash. News typically bad: Difficulty tracking and monitoring bailout money�Daaaaah! Understated unemployment numbers still at recession/depression levels (4.65 million); retail correction-bankruptcies, closings, fewer stores. Motek�s experts: Peter Shiff says it�s not the disease but the government cure that will kill us, dire forecast for 2009 and beyond-inflation, companies going out of business, commodity prices higher, world�s largest debtor america is bankrupt, more borrowing/spending their failed prescription, bleak picture for dollar the value of which will be halved and high probability that the decline will be 70-90%, gold higher and $2000 gold in not so distant future, oil much higher and $200 oil in next couple of years, stocks will continue to decline, on the long side he favors quality EU, Asia securities and precious metals particularly monetary metals gold, silver. Oil analyst says oil too cheap, geopolitical factors, (israel war mongering, war crimes, etc.; Russia/Ukraine dispute-cut gas supplies affecting Europe), oil to $60-70 rather quickly, gasoline demand anemic but oil price the factor. It�s time for ben stein to resign himself to just a land of fruits and nuts actor/entertainer/speculator as he lambasts Shiff�s prognostication ( he previously had to apologize to Shiff having done wrongly so before- �his criticism of Peter Shiff for warning of this debacle years ago). He throws out a couple of economic terms (demand pull/cost push inflationary terms) to buttress his criticism of Shiff but he�s just out to lunch in citing the absence of demand as militating against Shiff�s inflationary argument since history (and even currently, i.e., zimbabwee) is replete with examples of low demand and or impoverished nations that have over-printed their currencies with hyperinflationary results as will occur in u.s.). Stein should be on the Strip doing stand-up (comedy). He is a joke! Suckers' bear market rally into the close to keep the suckers suckered on NEWS MUCH WORSE THAN ALREADY DISMAL EXPECTATIONS ACROSS THE BOARD: S&P/Case-Shiller Composite Index, October home prices were down 18% year-over-year, the largest drop on record. According to the U.S. Conference Board, consumer confidence dropped more than expected to an all-time low in December AT 38%. Record number of bankruptcies and particulary hard hit commercial sector in coming year, ie., malls, retail, etc.. Worse stock market declines for the year since 1931 (Great Depression) and worse to come in 2009 despite suckers� bear market rallies to keep you sucked in. Put these wall street frauds in jail and force disgorgement of their fraudulent gains. There are loads of able new grads and job seekers who can take the place of the wall street frauds who caused the crisis owing to their own avarice and continue the coverup to get taxpayer bailout funds. The markets should be efficient and predicated on rational valuation which is totally absent in america�s fraudulent, manipulated markets. Absent prosecution and disgorgement in these ongoing multi-trillion dollar fraud schemes (new ponzi scheme uncovered in addition to madoff, which are just tips of the iceberg of multi-trillion dollar frauds), america will not be worth the paper the worthless Weimar dollars and worthless securities denominated in same are printed on.� Non-Motek expert: markets to fall into 2010 or worse case, later. Motek experts: They discuss dismal news, for year DOW-35%, NASDAQ-42%, S&P-40%, $7-10 trillion in wealth destroyed, second-half inflation from printing worthless Weimar dollars/stagflation; another expert, consumer has collapsed, 2009 will be very tough year for autos; a real estate analyst says 2009 will be a very tough year and hopefully we�ll get through this�..riiiiight!�I don�t think so�Almost one in 10 Floridians are on food stamps ��Online holiday sales fall 3 percent��� Madoff liquidation trustee receives $28M for costs (AP)�� Charlotte, NC, home values post record decline (AP)��� Wrong Great Depression Lessons Will Haunt Equities in 2009 ���73,000 retailers to close in first half of 2009, Stocks Rally� Bloomberg | U.S. retailers face a wave of store closings, bankruptcies and takeovers starting next month as holiday sales are shaping up to be the worst in 40 years�� There�s No Pain-Free Cure for Recession/Depression ���Schiff: Government Interference Only Makes The Problem Worse Paul Joseph Watson | Establishment talking heads still pushing useless and destructive bailout.�� A Ponzi Scheme Within A Ponzi Scheme Bob Chapman | Dwarfing the Madoff Ponzi scheme is the Social Security Ponzi scheme that has been looted (the iou�s) and is hopelessly insolvent. This on top of previous suckers' bear market rally into the close with 100+ point swing to the upside to keep the suckers suckered. Time for prosecutions of and disgorgement of ill-gotten multi-trillion dollar gains from the frauds on wall street; madoff is just the tip of the iceberg; all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts so SELL INTO STRENGTH/TAKE PROFITS/SELL! Motek experts: At best, bear market rally, his accounts 20-25% cash, can make bearish argument since still looking at writeoffs, government still must sell bonds to help finance bailouts, municipal bonds troublesome as iou�s might extend maturities, don�t try to catch falling knife in this market but some high quality bonds may offer value, dollar to take hit (they�re printing worthless weimar dollars like mad-hyper-inflationary); Oil expert says overshot to downside and will see turn-around in oil; U.N. Security Council condemns massacre by zionist israel. Pros Say: Employment Collapse is Coming ���Holiday Sales Slump to Force U.S. Store Closings, Bankruptcies �Manufacturing, Home Prices Sank: U.S. Economy Preview �Holiday Sales Tumble as US Consumers Reduce Luxury Purchases� Bleak economic picture emerges from new data Retail Sales Plummet �Holiday Sales Tumble as US Consumers Reduce Luxury Purchases Bleak economic picture emerges from new data The frauds on wall street say they are entitled to the obligatory santa claus rally and attempt to keep you suckered in for their commissions sake with small gains on bull s**t/fraud alone in holiday shortened light trading, but reality says every day the market�s above 2,000-5,000 on the DOW, 1,000-1,300 on the NASDAQ, and 500-600 on the S&P is a �santa clause rally, so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts, with ephemeral short-covering to lock in year-end gains for window dressing and much, much worse to come. Unemployment up more than expected at 26 year high and consumer spending down for fifth month in a row. In their typically corrupt way, scandal-scarred commerce department provides fake data for b.s. talking points far better than private economist estimates but still decline of 1% in durable goods new orders. Oil's slide came in the face of a surprise inventory draw, which suggests stronger-than-expected demand for the commodity as Department of Energy reported that oil inventories for the week ending Dec. 19 decreased by 3.10 million barrels. Analyst: One Third Of Banks To Collapse In 2009 ��U.S. Economy: Home Prices Fall At Depression Pace ��Recession/depression deepens, countries boost spending� Previously, just modest losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse to come. Existing home sales plunged to a rate of 4.49 million last month, down 8.6 percent from October, and worse than economists predicted. Total sales, not calculated as an annual rate, fell 17 percent in November from a year earlier to 322,000, sales of newly built homes fell 2.9 percent from October to a pace of 407,000 units, the slowest rate in nearly 18 years. Madoff investor found dead of suicide. Standard & Poor's lowered the unsecured debt rating of General Motors (GM 3.01, -0.51) to C from CC, even though the government plans to provide GM with financing and Moody's lowered Ford's (F 2.19, -0.40) credit rating to Caa3. Final third quarter GDP data showed economy contracted at an annualized rate of 0.5%, unchanged from the prior reading though personal consumption component was down 3.8%.� Motek�s experts:� actor/speculator/entertainer/sometimes economist Ben Stein takes a page out of GM�s playbook by lambasting Fortune Magazine (you might recall some two decades ago that Fortune warned of GM managerial ineptitude to which GM responded with outrage and withdrew all advertising and revenue to Fortune thereby in retaliation - if only they had listened) for saying caleefornia is number 1, numero uno �.. as prospectively worse real estate market in the nation, the same Ben Stein who poo-pooed Peter Shiff�s correct prediction of market crash, but does correctly state fed policies hyperinflationary; LA economist jumps on the Ben Stein out-to-lunch bandwagon and says only 10%, not� 25% (as consensus predicts), decline for caleefornia�..riiiiight�..take that to the bank; broad donates to MOCA; show biz expert- strike fear; and Shreve of IBD flips yet again-if only we were all traders�but if you had followed his every whim, only the frauds on wall street would have made out with substantial commissions in the ups/downs. IMF warns of Great Depression ��100% chance of depression in US ��Depression Hits Detroit: Average home price $18,513 - Unemployment rate 21% ��U.S. Home Resales Fall; Prices Drop by Record 13.2% ��Congressman: �If We�re Not Very Lucky Or If We Don�t Do Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression� ��World faces �total� financial meltdown: Bank of Spain chief �Previous suckers bear market rally into the close with 150 point swing to the upside based on bull s**t and fraud in the inducement alone to keep the suckers sucked in and commission dollars flowing for modest losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse to come.� Motek�s experts:Economist says economy in full-out recession, aggregate demand down across the board, abusers are not lubrication for economy so should not get bailout, another 25% down for real estate prices as foreclosures also will continue but lower prices will eventually stimulate demand, fed focused now on long-rates, cites housing/finance/consumer debacles and no recovery till at least into 2010 at best (I don�t think so); oil expert says contract now February delivery on expiration of January contract and flood of selling on expiring contract temporarily depressed prices, oil more expensive in future, discusses boom/bust cycle (we�re in the bust part); another cites high redefault rate on modified mortgages and more foreclosures; auto analyst points to Toyota showing first loss since 1941 inception, global downturn with no nation spared, reckoning for 15-20 years of bad decision-making, 2009 very grim, 2010 at best for even minimal improvement (I don�t think so); Online e-commerce expert cites first flat to down year of online retail sales growth; downgrades GM, american Express, Ford, etc.. World faces �total� financial meltdown: Bank of Spain chief �Housing crisis worsens as economy weakens��� Japan recession deepens, China cuts rates��� Great Recession/Depression of 2008, et seq., Worse Than All Others� AP Impact: Wall Street still flying corporate jets; indeed, with all the bashing of auto rank and file employee pay, the reality is that american executives, among the least able, least talented in the world, along with fraudulent wall street are grossly overpaid and far exceeding that of their far more able foreign counterparts (AP) ��Where'd the bailout money go? Shhhh, it's a secret (AP) ��Housing crisis worsens as economy weakens� �Ratings Agencies Play Reality With Multiple Downgrades in Banking Sector (at Seeking Alpha) Previous mixed to modest losses relative to reality so sell into strength/take profits/sell as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts. Motek�s analyst/options expert predicts controlled bankruptcy for at least GM (maybe more), cites Fitch downgrade of GM�s credit/default rating and says GM within weeks of default. Oil analyst cites recession, week demand, over-supply also stating storage facilities full and resorting to offshore tankers to store excess oil. Media analyst says economic model for newspaper/media business broken. Rogers: The Incompetent Senile and Vegetables Have Turned A Recession Into A Depression �He Saw the Crash Coming: What Gary Shilling Sees for 2009 ��Yes, Shilling�s using� the d for depression word so If video unavailable, here for avi rendering �SCROOGE BIDEN: ECONOMY IS 'ABSOLUTELY TANKING' ��Previously, recession/depression level 554,000 new unemployment claims (I�m sure in reality, far worse but still bad) pre-Christmas so wait till the post-Christmas numbers are out � nowhere to hide those but they�ll try. Motek scraping bottom of barrel for second day in a row and comes up with another land-of-fruits-and-nuts man, the senile wedbush who discusses his comrade madeoff with other peoples money, poo-poos the purported amount, says market not doing badly considering the dismal news (at least he is lucid enough to realize dismal - market should be between 2,000 to 5,000 on the DOW, 500-600 on S&P, 1,100 to 1,300 on NASDAQ based upon the dismal but real and probably far worse than reported data) and points to auto scenario, oil plunge, and madoff fraud for doldrums. Oil analyst says pressure on commodities generally, liquidation on expiration of January (2009) oil contracts and liquidation of positions, but February (2009) contracts back to $40+ rather quickly, and points to decreased current and prospective refinery capacity on thin to low margins.� A Most Desperate Move by the Fed ���Dollar�s Slump Erases Months Of Solid Gains ���The Biggest Bubble Of All . . . U.S. Government Debt� �Video: Crash Will be Worse than Great Depression ��Editorial: What ails global financial system �The $50 billion investment fraud to which the respected New York financier and former NASDAQ Chairman Bernard L. Madoff has allegedly confessed, may prove to be the paradigm for all that has gone wrong with the international financial system. It points up the greed, incompetence and woeful wishful thinking that have all combined to produce economic meltdown and plunge the world into recession. Most staggering is the stupidity of both regulators (and government corruption/venality vis-�-vis wall street) and professional investors in failing to spot that for at least a decade, at the heart of his hedge fund operations, Madoff was running a pyramid scheme. This relied on new investment funds to pay out market-beating returns to existing investors�..� THIS IS WALL STREET EVERY DAY WITH THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE OF HUNDREDS OF MILLIONS OF DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND FRAUD! U.S. Records Huge Current Account Deficit ���Fed unleashes greatest bubble of all ���Canadian Prime Minister Stephen Harper believes a depression is COMING ��Peter Schiff new VIDEO on the Coming Collapse Dec 16 ���Swiss gold bullion in huge demand as trust in banks dives ��Goldmine Sachs: Bank�s bonuses cut to a �mere� �142,000 EACH Investment bank /taxpayer bailout funds recipient Goldman Sachs is to pay �4.3billion in bonuses to its City workers.� Dollar Falls Most Against Euro Since 1999 Debut on Fed�s Rate� Dollar Declines to 13-Year Low Against Yen After Fed Rate Cut ���Federal spending soars 25% -- even before bailout...��� Previous, building permits declining 15.6% to a seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined 18.9% from the prior month to an annualized rate of 625,000 units, which was below the consensus of 736,000 and are 47% below the year-ago level, fed desperation (they don�t know what they�re doing � remember their pronouncement -no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits while you can since much, much worse to come. Economist Brusca �the economy is sinking fast�, FOMC states that �data indicate deteriorating labor conditions and declining consumer spending, business investment, and industrial production, and the outlook for economic activity has weakened further�, �F. William Engdahl �The US economy is in a depression free-fall of a scale not seen since the 1930�s�, Kellner cites �helicopter ben� (bernanke), BILLIONS VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs �Survival Panic� for Some in the U.S. Motek Experts: Art Hogan more realistically candid than usual cites all bad news, very difficult times, near term lows but no recovery for economy, hope is that second half of 2009 is better than first half (NOT!), cites lost decade in Japan with 0% interest rates, negative growth through fourth quarter 2009, longest recession (depression) in modern times, market hopefully better in second half of 2009 anticipating better 2010 (NOT!), bottoming of energy/commodities, worth looking at consumer goods/staples focused on what you need versus what you want; economist points to bankruptcies up, housing starts down; Zandi of Moody�s says not getting better but worse, most credit card holders will not benefit from rate cut; currency expert says interest rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher and displacing private sector with prospectively negative results; and finally, Peter Shiff cites fed action as irresponsible, destroying value of money, bear market, money not worth anything, negates any rise in paper dollar-denominated securities (SELL), says buy gold because of u.s. hyperinflation. Previous, news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The �while you can� part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts: �forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report �, forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November� , �forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there�s no real money to pay for same � print/create more worthless Weimar dollars � hyperinflationary Federal Reserve sets stage for Weimar-style Hyperinflation �� even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek�s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan�s immortal words concerning investing by saying as is particularly relevant now, It�s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud' �. How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it�s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase � deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin : U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus today's frothy 879)� There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 ��BILLIONS VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The �while you can� part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts: �forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report �, forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November� , �forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there�s no real money to pay for same � print/create more worthless Weimar dollars � hyperinflationary � even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek�s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan�s immortal words concerning investing by saying as is particularly relevant now, It�s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud' �. How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it�s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase � deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin : U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus today's frothy 879)� There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 ��Previous session, modest decline relative to reality so still great opportunity to sell/take profits since much, much worse to come! All news decisively bad and much worse than expected with trade deficit up 1.1%, dollar down, unemployment claims up 573,000 a 26 year high, 28% increase in foreclosures, bailout recipient BofA to cut 35,000 jobs, many other prospective job cuts announced, economic group changes previous forecast to worse/long recession,� Bernard Madoff arrested over alleged $50 billion fraud Madoff told senior employees of his firm on Wednesday that "it's all just one big lie" and that it was basically, a giant Ponzi scheme (the fraudulent wall street story in a nutshell) , BANK OF AMERICA to cut 35,000 jobs... ,� ...final could be higher ,� Shocking but true claim: Most big banks 'bankrupt'... ,� New unemployment claims surge unexpectedly ��,� Ron Paul: Printing Money Only Prolongs The Pain Amidst the hand-wringing of the automaker bailout debate, Ron Paul took the opportunity on the House floor yesterday to remind Congress that the real culprit behind the financial crisis is the Federal Reserve, and that allowing the Fed to continue to print money without audit will only prolong the pain.� ,� US budget deficit to reach USD 1 trillion �,� Jim Rogers calls most big U.S. banks �bankrupt� �Jim Rogers, one of the world�s most prominent international investors, on Thursday called most of the largest U.S. banks �totally bankrupt,� and said government efforts to fix the sector are wrongheaded. CORRECTED - CORRECTED-(OFFICIAL)-UPDATE - Wells Fargo to take $40 bln Q4 charge ,� German FM criticises Britain�s �crass Keynesian� policies: report ��and read again previous session, forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report �, forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November� , �forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there�s no real money to pay for same � print/create more worthless Weimar dollars � hyperinflationary � even now despite fake reports and worse to come) ,� suckers bear market ralley to keep the suckers sucked in so great opportunity to sell/take profits since much, much worse to come! �This �suckers bear market rally is based on bull s**t alone; namely, now the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase � deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million jobs lost every month: Report ��, �America Has No Means to Recover from a Depression ��(Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin : U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus today's frothy 848)� There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 ��Previous, modest decline relative to reality so still great time to sell/take profits since much, much worse to come.� Wall Street stung by risk-aversion and realistically bleak outlooks� , Point of no return: Interest on T-bills hits zero� ,� Tightening Budgets Mean a Rough Ride for IT� ,� FIRST TIME: Treasury Bills Trade at Negative Rates... �.� Previous, �suckers bear market rally based on bull s**t alone; namely, now the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase � deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million jobs lost every month: Report ��, �America Has No Means to Recover from a Depression ��(Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin : U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus today's frothy 848)� There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 ��Previous suckers� bear market rally on far worse than expected and particularly significant bad news provides great opportunity to sell/take profits, especially considering fraudulent wall street�s previous modus operandi to keep suckers sucked into this market and their commission dollars flowing, suckers� rallies into the close, reassuring rallies prior to weekends as this despite unexpectedly bad news as today, etc., which frauds perpetrated the yet unprosecuted crimes that have created this current financial debacle. Record 1.33 homes in foreclosure,15 year high for unemployment at 6.7% even as many no longer looking with things so depressed and worse to come in �09, record level deficits both trade and particularly budget with money not there being spent with abandon (worthless Weimar dollars being printed created like mad which is and will continue to be hyperinflationary regardless of the current fake reports). Motek has actor/speculator/entertainer/sometimes economist Ben Stein points to loans in foreclosure hitting new records, paulson misconduct, lack of oversight/accontability in bailout funds, and the seriousness of the crisis, but his pointed barbs seem fleeting and is most memorable by his somewhat blind adherence to policy as indicated by his criticism of Peter Shiff for warning of this debacle years ago. Motek�s oil analyst says economy so bad that oil demand down, significant recession in 2009, and hedge funds liquidating positions putting pressure on oil prices. Finally, Motek elicits from Peter Shiff that jobs created are being destroyed as fast, phony jobs, bear market and government making worse by digging deeper hole, phony (worthless Weimar) dollar rally provides opportunity to get out with hyperinflation to come. GREAT OPPORTUNITY TO SELL INTO THIS SUCKERS� BEAR MARKET RALLY/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.� 3 Tell Tale Signs Of This Sucker Rally �, Half-million jobs vanish as economy deteriorates (AP)� , Job losses worst since 1974� Employers cut 533K jobs in Nov., most in 34 years ��, �Late mortgage payments and foreclosures hit record� ,� 1 in 10 homeowners behind on mortgage payments, or in foreclosure...�� ,� Wall St financiers party like there's no tomorrow -- literally� WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? It�s been wall street frauds� nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Previous session, modest declines relative to reality SO STILL GREAT OPPORTUNITY TO SELL INTO SUCKERS� BEAR MARKET RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. CELENTE OF trendsresearch.com, having predicted the Panic of 2008 now preparing current prognostications for 2009 which will bear the consequential follow-up title to the Panic of 2008; namely, The Collapse of 2009, further stating there�s nothing they�ve done or prospectively can do to avoid the complete economic/financial collapse in the u.s., the seeds for which have already been sown, good money after bad notwithstanding, the die having been cast. All business/financial/economic news decisively bad; 26 year high for jobless rolls, orders to factories down sharply, job cuts current and prospective up sharply. Motek expert comments on auto bailout saying no new concesions with UAW cuts merely cosmetic, just down payment on failed business model/scenario, bankruptcy necessary as costs too high, and on economy says nation to go deeper into recession owing to intactable structural problems; i.e., deficits, etc.. Another Motek expert says very negative economic environment, sees deepening of more prolonged recession, discusses risk tolerance in such an environment recommending highest quality debt instruments but does note risk premium in lesser quality instruments. Food stamp use up 17% to 1 in 10 citizens, bankruptcies soaring, and re-default rates on mortgages rising. Employers shedding jobs as recession deepens , AP IMPACT: Some bailout holdings down $9 billion , Governments brace for long crisis ahead , High inventory is killing home builders; industry asks for help , It's Not a Great Time to Get Into Stocks �, Long Term Investors Should Avoid Leveraged ETFs �, Fixing the Enron Economy �, US FEDERAL RESERVE to buy US DEBT? WITH WHAT? ,� Prepare For Depression Level Unemployment �,� Record number of Americans using food stamps: report �,� Whether We End Up Paying For It Through Taxes Or Hyperinflation, It Will Still Come Out Of Our Pockets �,�� Corporate Debt Protection Costs Climb Amid Depression Concern �,� Shoppers ready to call it quits MarketWatch | More than one-third of consumers chose not to shop at all last month, except on Black Friday, according to Britt Beemer of America�s Research Group. Lawsuit claims Citigroup was running a �quasi-Ponzi scheme� �Bloomberg | Citigroup Inc., the second-biggest U.S. bank by assets, was accused in a lawsuit of repackaging unmarketable collateralized debt obligations it held and re-selling them to itself in order to hide its exposure to the securities. WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? Previously, suckers� bear market rally into the close on bad news with wall street frauds� nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad:� A Bleak Outlook: Nov. Job Loss at� 250,000, Economic Weakness ��,� US, China currency clash over worthless american currency... ,� 61% oppose auto bailout ��, Meredith Whitney Sees Plenty of Pain Ahead for Consumers (at BusinessWeek)� ,� Desperate Times, Desperate Policies ) . One non-Motek expert says these suckers� bear market rallies on bad news are at best wishful thinking and not sustainable along with realistically dire outlook. Motek expert says market for speculators/traders and points to volatility index while failing to point out that there are very, very few successful traders. [Close inspection of the data in past times far better than now (now we see insurmountable trade/budget deficits, lack of manufacturing base, global antipathy, etc.) disavows such heavily promoted failed strategies as dollar-cost averaging where stocks prices remain artificially (now fraudulently) high for far longer periods of time than lower prices (MBA Thesis, Albert L. Peia, NYU GBA, 1977), limited exceptions being ie., dollar-cost averaging in declining markets, but only when analysis indicates under-valuation in prospective terms which is certainly isn�t the case now of rampant over-valuation/fraud]. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin : U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus today's frothy 848)� There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 �, Auditors Fault Oversight of Bailout Funds... Previous suckers� bear market rally in the last minutes of the close on bad news with wall street frauds� nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad: GE lowers guidance but maintains dividend ,� November US auto sales drop to 26-year low� , Data signal deep global downturn �Financial Times , US manufacturing hits 26-year low: ISM . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin : U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus today's frothy 848)� There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 �, Auditors Fault Oversight of Bailout Funds... , Governors to Seek Up to $100B in Social Aid...� ,
Feds to expand rescue; reviewing applications from 'hundreds of banks'...
FDIC head: Gov't plan needs 'exit strategy'...� , �Metal prices fall further than during Great Depression... �, they�re printing and spending worthless Weimar dollars and taxpayer funds like mad because they are mad as in crazy, incompetent, etc.. Previous session sees modest drop relative to reality [SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME], particularly when you factor in the reality that the prior 5 day rally of 1,300 points into the last trading week of the month (much like the end of the prior month) based on bull s**t alone was a typical fraudulent wall street programmed trade fraud to window dress the monthly numbers and keep suckers sucked in (and besides, they�ll get their commissions again on the way down). Upon the formal announcement that we�ve been in recession since DECEMBER, 2007 I was waiting for Amy Poehler of SNL Weekend Update to say, �REALLY!� [this site has reported/predicted this (these) debacle (s) for far longer and in advance of same, including this recession/depression]. The protracted reluctance (election year expedience) for some to use the R(ecession) word, spun in the most positive way is to say it is because this scenario is far worse than even would befit the D(epression) word in light of the fact that the u.s. like never before in its relatively short history is broke in every way. If you�ve been suckered, it�s not all your fault inasmuch as the enablers (politicians, economists, financial experts, news/media, etc., in receipt of substantial largesse from and) of these vegetable garden (poison ivy league schools, these �elite� clubs/frats, etc.) products (vegetables who not only have never done anything requiring skills or measurable results, but merely are master bull s**t artists and as in the case of wall street, criminal frauds) are similarly incompetent, corrupt/venal. After all, how are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. Motek�s expert cites retail liquidation prices (none to minimal profits, at best), inevitable GM bankruptcy, fed programs done with money out the door to little or no effect and now talking new programs�riiiiight�or, with rate at 1%, more rate cuts�riiiiight, big shake-out to come, credit-card co�s to pull back $2 trillion to survive what�s coming, retailers with big real estate exposure bust, and market will test lows then break through said lows to the downside. There was in addition to the �recession� announcement more dismal news with construction down 1.2% and the supply/management manufacturing index at 26 year lows. I derive no pleasure in being a harbinger of bad but true news but reiterate SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THESE ARE STILL GREAT OPPORTUNITIES TO SELL/TAKE PROFITS SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin : U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus today's frothy 816)� There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 ��Dow plunges on news recession began in Dec. 2007 (AP) �, Down we go again: Fourth-worst drop ever for Dow� , Recession declared; Wall Street tanks� , Fourth-worst drop ever for Dow AP� as wall street snapped out of its daydream of a rally and once again faced the harsh reality�� Report Concludes Recession Began A Year Ago | But the White House and the corporate media consistently continued to state otherwise. Previous session, this suckers� bear market ralley remains an especially great opportunity to sell/take profits while you still can since much, much worse to come (sell into purported strength which is just more bull s**t for prospective churn and earn fraud � they�ll get those commissions again on the way down) IMF economist says worst of crisis to come: paper� 'Crisis Only Just Beginning': Crisis/Video� Right About the Crash, Peter Schiff Sees Much More Pain Ahead ��and this suckers� bear market rally was based upon nothing related factually to finance/economics/business. How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME. �Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad:� SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME. IMF economist says worst of crisis to come: paper . Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad:� Biggest runnup in stock prices since 1932 and most know what happened to stock prices for over a decade thereafter (and america was not broke in every way as now), Ghost malls cropping up with retail closures/bankruptcies, as predicted by trendsresearch.com [CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be �worse than the great depression.�] , Motek expert from the land of fruits and nuts, the senile wedbush (if you had listened to his prior prognostications/recommendations several months ago said suckers might be wiped out by this day) lauds the bailouts (money u.s. doesn�t really have and taxpayer money the frauds shouldn�t get) and the b.s. talking points thereby but says workout much longer, while retail expert points to liquidation prices (but fails to even mention lack of profits thereby), and poverty now spreading to suburbs. Financial Disaster Will Lead to Civil Disorder in 2009 or 2010, Says Secret Citibank Memo An internal memo from a top Citibank analyst reveals what the banks really think about the global financial situation, and the outlook is grim. Citigroup Should Be Held Accountable Bloomberg Food Prices Will Rise, Causing Export Bans, Riots Bloomberg Rubin Clones and Other Fakers: The Obama �Dream Team� �Citigroup says gold could rise above $2,000 next year as world unravels US debt triggered global crisis �Encouraged by a wicked wizard, Greenspan, Bernanke toils at his Weimar dollar printing press� . Consumer spending down (-1%), consumer sentiment down, durable goods orders down (-6%), home sales/prices down to new lows and high supplies, yet suckers� bear market market rally of 400+ points into the close nostalgically based (which got investors burned in the past) on bull s**t alone (i.e., more bureaucrats on more painels as per President-elect, etc.) and the so-called thanksgiving holiday rally. $600 billion plan to support housing lending ultimately hyperinflationary. New unemployment claims at recession level 529,000 for the week ended Nov. 22 yet unbelievably lower than private economist estimates. October durable goods orders plunged by a larger-than-expected amount, Chicago manufacturing in November contracted the most since 1982 according to a regional survey, and consumer confidence dropped to a 28 year low in November, according to the University of Michigan. One Motek expert in a nearly senile market moment cites pleasant market surprise (reality dictates otherwise) but in a lucid moment concedes lengthy period to work out (substantial) problems, while another expert (currencies) cautions the unintended consequences of� creating/printing/flooding the markets with worthless (Weimar) dollars (a policy choice of inflation over fear of deflation) and the dollar devaluation and ultimately hyperinflationary effects thereof. FDIC Troubled Bank List Grows to 46% - Is Your Bank Safe? (at Seeking Alpha) �, �Consumers cut spending , Stocks on win streak amid more bad economic news ,� Cisco plans 4-day shutdown to cut costs� , October home sales fall sharply (Reuters) . The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain, will continue to remain, and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO GREAT OPPORTUNITY TO SELL/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.� Federal deficit could hit $1 trillion this year� ,�� FDIC's list of 'problem' banks swells to 171 (AP) , Dollar falls on realistically discouraging u.s. economic data (AP)� , Third quarter real GDP was revised to a 0.5% annual rate of decline from a previously reported 0.3% rate which had rallied stocks and, only in the fraudulent world of wall street, rallied stocks again though worse than expected Economy shrinks at fastest pace in seven years, Third quarter personal consumption expenditures were revised to a worse than expected -3.7% from -3.1%, which rallied stocks �.. riiiiight! , �Consumer confidence remains at an extremely depressed state despite fake numbers ,The S&P/Case-Shiller Home Price Index of 20 US cities fell 17.4% year over year � most on record.�� ���'Crisis Only Just Beginning': Crisis/Video� Right About the Crash, Peter Schiff Sees More Pain Ahead ���Crisis Only Just Beginning': Right About the Crash, Peter Schiff Sees Much More Pain Ahead ��VIDEO� �Previously, from the outset the wall street frauds were again determined to keep the suckers suckered with a near 500 point rally into the close. Existing home sales down 3.1% and much worse than expected. Motek�s expert Peter Shiff correctly points out that the so-called policy-makers, economists, etc., don�t know what they�re doing, that they can�t borrow (or print worthless Weimar dollars) and spend (money they don�t have) their way out of this debacle, that the bailout funds are merely providing undue bonuses/compensation for failed (and fraudulent) performance, that crisis will be exascerbated with (unavoidable) hyperinflation (inevitable thereby owing to crashing/worthless Weimar dollar) and ultimately even deeper/worse/more protracted economic decline, that auto industry is over-paid (especially relative to competition, legacy/pension costs, etc.), and importantly, the government has no money so they either have to borrow or print same which will make the economy much worse. Cost of Bankster Bait and Switch Now $7.4 Trillion �Another expert says quick bankruptcies would have been the preferred course for optimal results, while another emphasizes quite correctly that the so-called experts/team now cheered (wall street frauds� b.s. talking/rallying point) are those whose experience is having created the very problems they are now called upon to solve (hence, cover-ups, etc., but ineffectual). [Good management dictates that a clean sweep was warranted]. Realize that the products of the vegetable gardens (the poison ivy league schools producing these vegetables) are vegetables who not only have never done anything requiring skills or measurable results, but merely are master bull s**t artists and in the case of wall street, criminal frauds enabled thereby. ��Downey Savings taken over by regulators [ Colossal Financial Collapse: The Truth behind the Citigroup Bank �Nationalization� ] over the weekend. Obama�s Economic Foxes To Guard Financial Henhouse Today President elect Obama officially introduces his economic team to the world. What many may fail to recognize however is the fact that those tasked with rescuing the economy are the very people who helped create the financial crisis in the first instance. CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be �worse than the great depression.� Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME. IMF economist says worst of crisis to come: paper . Previous, suckers� bear market rally was based upon nothing whatsoever relevant to finance/economics/business , yet again the wall street frauds were determined to keep the suckers suckered through the weekend with a near 600 point rally into the close. All news was decisively bad Federal regulators shut 2 California thrifts and though looking for a reason to rally, they found none because there are none HU: World economic situation 'grim'... , based on valuation and prospective substantial deterioration in economic conditions exascerbated by their massive fraud; but the invented reason for the suckers� rally was the appointment of Geithner, a quintessential bureaucrat ultimately dependant upon other bureaucrats who are dependant upon the very corrupt monied interests/frauds (and their lobbyists) who created (through their crimes) the current financial crisis. Moreover, as head of the N.Y. Fed he is no stranger to cover-ups/bailouts in light of the missing/unaccounted for $4+ TRILLION at the N.Y. Fed $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed. Renowned economist Mikhail Khazin : U.S. will soon face second �Great Depression�� , Grantham (who called the bubble) posits� 585 on the S&P 500 (versus today's frothy 852)� There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 �The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to sell/take profits while you can since much, much worse to come. Leading economic indicators fall again a more than expected .8%, new claims for unemployment a high more than expected 542,000 while continuing claims at 4,000,000 a 16 year high and more than expected, Philly Fed Index down to a worse than expected �39. Jobless Claims Hit 16-Year High, Above Forecast ��Congress extends jobless benefits; stocks fall 400� World stocks down amid reality of deep recession (AP) CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be �worse than the great depression.� Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come. �Previous session, modest losses relative to reality to keep the suckers� suckered especially in light of grim economic/business/financial news so still great opportunity to sell/take profits while you can since much, much worse to come. Housing starts down a record 38%, building permits down 14.5%, and outlook grim. Motek�s expert discusses 30 reasons for Great Depression 2 by 2011 citing completion of first wave of the meltdown-dot.com bust, second wave-sub-prime debacle, and the on-going climactic financial/economic meltdown pointing to the 42,000 lobbyists, autos, etc., saying they just don�t get it, while another expert analyst says new lows across the board having broken through support levels. Motek�s p.r. expert says auto execs flying to d.c. in private jets to beg for taxpayer money bespeaks their stupidity, and his travel expert discusses the newly value-conscious consumer. Fed sharply lowers forecasts, hints of rate cut which ploy previously sparked b.s. suckers� bear market rallies based upon nothing at all but reality says with only a point to zero and much worse to come is just plain b**l s**t . Deflation: Here, Now I�ve been warning of deflation for some time. Specifically, I predicted 1 1/2 to 2 years of deflation, followed by hyperinflation. Well, deflation is here.�Slush fund� � �Banana Republic� � �Keystone Kops.� Technical Economic Indicators Worsening Again Deflation: Here, Now I�ve been warning of deflation for some time. Specifically, I predicted 1 1/2 to 2 years of deflation, followed by hyperinflation� Previous suckers� bear market rally into the close with 300+ point swing to the upside [wall street frauds� nirvana commissioning a huge decline then a huge incline just a program loop, button push, mouse click away] into the close to keep the suckers suckered as the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to sell/take profits while you can since much, much worse to come. Homebuilder reality-based sentiment index plunges to record low� Economy so bad commodity prices plunge along with PPI. �Grantham (who called the bubble) posits� 585 on the S&P 500 (versus today's frothy 859)� There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Forecasters: U.S. in at least, unrealistically optimistically, minimum 14 month recession� The Great Depression of the 21st Century: Collapse of the Real Economy�� �The Dollar Standard Is Coming To An End� �Financial Crisis Tab Already In The Trillions...� �Busted in Washington �Housing starts expected to hit half-century low ��Washington is Powerless to Stop the Coming Economic Depression ���Whitehead sees slump worse than Depression ��Dollar�s Days Numbered, Buy Commodities: Jim Rogers ���America�s economic crisis is beyond the reach of traditional solutions ��U.S. Retail Sales Drop in October by Most on Record . (Banker Bailout Costs $5 Trillion So Far ), (Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil to $300 Within Months ), (Soros says deep recession inevitable, depression likely ), CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be �worse than the great depression.� Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come. 53,000 layoffs from Citigroup, and many more announced and may more to come from a multitude of companies to yield predicted 8-10% unemployment (conservative-some higher). Motek in a somewhat philosophical mood cites blue chips as cow chips (cow pies, manure, etc.), while his expert joins the metaphysical fray quoting �to save man from his folly is to people the world with fools� and goes on to say everything looking bad, things are not good, how long the deep recession-don�t know, not there yet; while another expert says things have gone from bad to worse.� Indeed, one expert says US To Lose Its �AAA� Rating/face default/bankruptcy,� while Motek�s expert says market poised to test new lows, points to uncertainty regarding bailout equivocation/changes and talks up, in a somewhat borderline senile fashion, some beaten down stocks on theory government will bail them out�riiiiight! Another Motek expert, actor/speculator/economist Ben Stein says hanky panky Paulsen perjured himself before congress and should be prosecuted, points to incompetence regarding bailout saying couldn�t have been handled worse and not mentally up to it.� �One Aspect of the Massive (Securities) Fraud/Fraudulent Wealth Transfer is Aptly Described/Illustrated in this Comment, [how are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved], Renowned economist Mikhail Khazin : U.S. will soon face second �Great Depression�� , Grantham (who called the bubble) posits� 585 on the S&P 500 (versus today's frothy 852)� There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 ��The immortal words of J.P.Morgan remain apposite as � it is not so much the return on the money as it is the return of the money� ,� so sell/take profits while you can and preserve capital. Previously modest losses relative to reality with rally/programmed trades to the upside into the close to finish off substantially lower lows to keep the suckers� suckered despite grim economic/business/financial news so still great opportunity to sell/take profits while you can since much, much worse to come. America is now a nation of bank holding companies (to take advantage of involuntary taxpayer bailouts), paper hanging wall street frauds (it�s the worthless multiplicity of securitized and heavily commissioned worthless paper that is the problem), and brazened ponzi�s (sic) (more, more, and more funds to keep their commission ball rolling) on wall street; and of course, their marks. Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come.�� Previous suckers� bear market rally/programmed trades to the upside into the close to keep the suckers� suckered so still great opportunity to sell/take profits while you can since much, much worse to come, as stocks finish only modestly lower relative to reality on grim economic/business news across the board, viz., b.s. talking point gives way to reality that China stimulus plan lessens availability of funds for the purchase of worthless u.s./dollar denominated securities/assets and may even require sale/redemption of same, GM shares hit 62 year low at $3.36 as analyst says said shares will go to - 0- (nil, with Ford�s shares at $1.93), Motek expert points to employment contraction for 15 months in a row and Conference Board Report regarding said job losses; while another emphasizes the futility of the bailouts which are get worse/larger in reference to what he terms slush funds, the bank tax windfall initiated in the dark of night, things will get progressively worse in the upcoming administration, u.s. spending far beyond means, and rapidly depreciating u.s. dollars and assets; DHL ending u.s. ground ops and 9,500 jobs, Security Pacific the 19th u.s. bank failure, etc., Fed's bailout for AIG swells to more than $150B , Fannie posts $29B 3Q loss, $100B may not be enough , Renowned economist Mikhail Khazin : U.S. will soon face second �Great Depression� , bankruptcies, defaults, foreclosures, hyperinflation around corner on worthless Weimar dollars, etc.. Previous session, sell into these suckers� bear market rallies/strength/take profits while you can as much, much worse to come. Much worse than expected jobs (240,000 lost, unemployment to 6.5%) and auto news (operating earnings losses of $4 billion for GM and $3 billion for Ford for 3rd quarter) rallies stocks (riiiiight!), in a largely forgettable Motek business hour even his oftimes wall street shill expert admitted to his credit that their was absolutely nothing to account for the rise in stock prices this day especially in light of the substantially bad and worse than expected news, says GM has enough cash to last to spring while Ford till summer, and says volatility for rest of the year. Economist says worse to come as very severe recession at least through 2009 and into 2010, and also there�s allusion to yet another taxpayer bailout of auto pension funds and auto co. bankruptcies. The wall street frauds must be prosecuted and disgorgement required. Jobless rate at 14-year high as above expectation losses continue��� GM, Ford losses worse than expected, burning cash���� Jobless ranks hit 10 million, most in 25 years�� Ford announces $129M 3Q loss, burns $7.7B in cash�� Jobless rate bolts to 14-year high of 6.5 percent Previous, another modest drop relative to reality [Grantham (who called the bubble) posits� 585 on the S&P 500 (versus today's frothy 904)� There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ], downbeat economic data, first-time claims for unemployment at 25 year high and worse to come, abysmal retail sales worst in 3 decades, unit labor costs rose at a higher than expected 3.6% annual rate as the ultimately hyperinflationary effects of printing/creating like mad those worthless Weimar dollars, and weak business prospects, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so still great opportunity to sell/take profits while you can since much, much worse to come. �Previous session sees modest drop relative to reality though record post-election plunge so still great opportunity to sell/take profits while you can since much, much worse to come. All news so bad (reality even worse) that even shill co. ADP can�t hide at least 157,000 lost private sector jobs where deep cuts are necessary, Challenger et als say layoffs will abound with cuts broad and deep, Motek expert says dismal market for at least next several weeks but cautious citing some oil, engineering, utilities, healthcare opportunities with caveat along with some emerging markets, service sector much weaker than expected and planned layoffs highest in three decades. Treasury wants to borrow record $550B... US-led strike kills 36 Afghan civilians U.S. as slowing economy/runaway spending balloons the budget deficit to a record level to Sell $55 Billion in Long-Term Debt Next Week �Previous session, all news decisively bad with dollar down, oil up, factory orders declining 2.5% month-over-month after dropping 4.3% in August, much worse than the 0.8% decline that was expected, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so sell into rallies/strength/take profits while you can since much, much worse to come. Previous, ( Worst is yet to come for economy ) as economic/financial news so bad [ ISM index shows biggest downturn in economic activity since 1982, corrupt, scandal-scarred commerce department comes in with 40% better than expected false construction numbers though still down a hefty .3%, 90% of private economists say we�re in a recession and we�ll see much more lagging effect to the downside, realization that bad economic conditions going forward not frozen credit affecting lending despite their lies/fraud to buttress their fleecing of the treasury, Motek expert says another washout coming and we�ve not heard the last of those, ie., banks, companies, brokerages, etc., under the waves] , that lunatic frauds on wall street develop new b.s. talking point to keep suckers sucked in to this market so the wall street frauds can keep eating away at suckers� money by commissioning same, the new talking point being �the election�. What total b**l s**t! They�re just a bunch of criminally insane vegetables who can�t do anything that they�re supposed to do well, ie, economics, finance, accounting, etc., and are hoping to escape accountability for their crimes. They must be prosecuted and disgorgement required because 1) It�s the law and to create a deterrent prospectively 2) Restore credibility and confidence in prosecutorial, regulatory, government/governmental bodies as opposed to their being accomplices, and the markets (which are just that; marketplaces, like fish markets, commodity markets, flea markets, etc., no big deal, particularly as the frauds operate them)� 3) It�s the right thing to do because of the magnitude of the fraud (in the hundreds of trillions by some educated assessments) in the many trillions and the fraud on taxpayers (who have been damaged by their fraud and) by bailouts that are finding their way into compensation/bonus packages for the perpetrators ��. Previous session, suckers� bear market rally for window dressing for dismal month and quarter to keep the suckers suckered in this secular bear market. Are you a sucker? One in five homeowners owe more than homes are worth, more unemployment to come, many more defaults personal/commercial, many trillions of previously commissioned worthless paper still carried/not written down, etc.. One of Motek�s experts, to his credit, points to reality in saying retreat to cash (take profits) in rallies as these (rallies on bad news), record declines in spending, economy has lots of negatives, insurance companies have lots of negatives, hedge funds liquidating, and importantly, 60% of trades computerized so great for generating commissions but bad for real value (as this week) and very volatile; while another expert echoes bear case as spending down across the board; while another empahasizes bad month on top of bad month for autos;� while another says 2008 behind only 1929 and 1987 for bad; and another says no more room for rate cuts, more regulation, mortgage rates up; and finally, political and economic uncertainty cited. In sum, u.s. stocks over-priced and dollar will drop like a stone (excessive printing/creating/debt), Stocks: A Bear Case ��so sell into rallies/strength/take profits while you can as much, much worse to come. Don�t forget, THEY NEED YOUR MONEY TO COMMISSION and the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution . Despite another big advance on Friday, paper losses in the U.S. stock market came to $2.5 trillion for the month, according to the Dow Jones Wilshire 5000 Composite Index, which represents nearly all stocks traded in the United States. The 17.7 percent decline was the worst since the 23 percent drop in October 1987 and 1929. Previous day, suckers� bear market rally on bad news. U.S. Economy: GDP Shrinks (even with fake better than expected GDP numbers from corrupt commerce department) at Fastest Pace Since 2001 The government falsely reported Thursday that the economy shrank only 0.3 percent in the July-September period, still a significant slowdown after growth of 2.8 percent in the prior quarter in the summer, sending the strongest signal yet that a deep recession has already begun. Consumer spending, which accounts for two-thirds of the economy, dropped by the largest amount in 28 years in the third quarter. One expert says multiple levels of things going wrong in u.s. recession, ie., consumer spending down and declining, housing recession, fraudulently worthless investments, worthless Weimar dollars that are being printed/created like mad, etc.. Another expert says fake GDP number in 3rd quarter does not capture slowdown which will be reflected in 4th quarter with minimum 2-4% decline. How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come. Previous session, government (fake) numbers on durables (130% better than private estimates�I don�t think so!) and prospectively dollar-crushing 50 basis point rate cut� (discounted b.s. talking point many times over by market in prior sucker session), 2.7% drop in the dollar, fed heads said the pace of economic activity has "markedly" slowed as consumer expenditures declined, while inflation pressures are expected (despite worthlessness of the Weimar dollar) to (temporarily) moderate due to the (temporary election year) drop in commodity prices and weaker economic prospects, so still great opportunity to sell into rallies/strength/take profits while you still can (like now) since much, much worse to come as all problems remain. Previous session, all news decisively bad with consumer sentiment far below expected 52% but realistically at 38%, personal bankruptcies/business bankruptcies up sharply (Euler Hermes ACI: Substantial Increase In Business Bankruptcies and worse in 2009 ... , Personal Bankruptcies Increase and 2009 expected to be worse ), Office Vacancy Rates Nationwide Keep Climbing; 2009 will be worse ... , US consumer debt reaches record levels , U.S. budget deficit swells to record $455 billion | Reuters , White House projects record deficit for 2009 - CNN.com , dollar down and dying, record trade deficits, (Lost growth is cumulative. Thanks to the record trade deficits accumulated over the last 10 years, the U.S. economy is about $1.5 trillion smaller.  This comes to about $10000 per worker. The damage grows larger each month, as the Bush Administration and Democratic Congress dally and ignore the corrosive consequences of the trade deficit), war crimes/profiteering and global disdain for america and all things american and preposterously based on b.s. alone ie., dollar negative talking point of interest rate decrease (hyperinflationary as will be seen post-election), etc., suckers� bear market rally on decidedly bad news, none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience), lunatic wall street frauds desperation linked to their substantial crimes and booty which must be disgorged through prosecution,� so sell into rallies/strength/take profits while you can since much, much worse to come.

THE DOW JUMPS 900 POINTS. SO WHAT? BY MORGAN HOUSE

October 28, 2008� Only in today's market can the Dow have one of its biggest gains ever, on a day when consumer confidence logged its worst readings since it's been followed. After the Dow's nearly 900-point rally today, on what seemed like nothing but loads of bad news, you're right to stand back and wonder what in the world to make of this absurd volatility -- and more importantly, how to invest around it.The short, easy, and honest answer is that this volatility is spectacularly unreasonable, and you're foolhardy to try such an approach. Think about it: Only a few weeks ago, the Dow soared an equally impressive amount -- 936 points -- sending a wave of euphoria over markets, as if our troubles were behind us. Within days ... poof! The gains were gone. There's little reason to jump for joy over today's gain, either. Call me a party pooper, but the bad news in the economy hasn't disappeared, my friends�

�Reality from Farrell: Bottom line: You've been scammed: This is total incompetence, � unethical and criminal. If you put your hard-earned $12,000 under the mattress for the last decade, it would have been worth more than the $11,671 accumulated in a mutual fund. But actually it's far, far worse! Now if you also deduct the fund's 5.75% load (and/or commissions) and inflation of more than 30% the past decade, you see the stock market's a real loser. In short, after 10 years of blindly trusting the Wall Street's advice about stocks, it turns out that investing in the stock market is not a money-making machine, but a big fat greedy black hole that gobbles up your money.�� ECONOMICS GURU: WORST IS YET TO COME; MARKETS WILL CLOSE FOR UP TO WEEK FROM PANIC...� More from Grantham: S&P to 585. He called the bubble, how could anyone doubt his valuation (although even lower is more realistic)? �Jeremy Grantham � (some) benefits to the crisis, including increasing personal savings, an end to the hedge fund era, a reminder that government officials are not to be trusted, �among others�Grantham posits� 585 on the S&P 500 (versus today's 877). Frank Motek (back from vacation to save his business hour � none too soon since his program suffered mightily in his absence) experts say: lack of liquidity, new homes and home prices downward trend to continue, expect revisions; another says other nations loaned to u.s. and getting burned, spending in Europe more difficult to ramp up, $2 TRILLION more debt, fed buying u.s. debt which is hyperinflationary, consumer maxed out, grim outlook; another, a wall street shill points to better than expected new home sales [from scandal scarred/corrupt commerce department�riiiiight �(Home sales rise according to discredited commerce department relative to revised downward prior months sales (riiiiiight�that�s the way to work the statistics�at least the prior months fake stats can still be good for something) but prices sharply fall)] but to his credit does say there are a pile of concerns including liquidation of positions, �n carry trades� (sic), yen/dollar disparity; r.e. analyst says median price for homes still heading down and another says new home sales this month not sustainable, foreclosures high even with freeze; oil analyst says oil demand in China down, impacting price; finally, another analyst says temporary dollar spike because of unwinding of leveraged trades (in dollars), commodities/assets/metals decline as investors/traders/holders sell off assets (cover margin calls, redemptions, etc.), u.s. stocks still over-priced and dollar will drop like a stone (excessive printing/creating/debt), Stocks: A Bear Case ��so sell into rallies/strength/take profits while you can as much, much worse to come. Previous session: you know the worst is yet to come when the so-called wizards of fraudulent wall street laud the day�s 5-9% decline as a pyrrhic victory (coulda been worse�..riiiiight!) that is neither victory nor the end of the downward adjustment to reality and the scope of their fraud, indeed one expert now points to the realization that america� has become the exporter of economic weakness/fraud as hedge funds, etc., continue to liquidate positions/assets (margin calls, redemptions, etc.) , sell into rallies/strength/take profits while you can as much worse to come.� Markets Nosedive on Grim Economic News , World markets sink as recession realities spread , 79th anniversary of 1929 Wall Street Crash... �,� previous day suckers� bear market rally/400 point swing/programmed trades to the upside into the close on decidedly bad news �I don�t think so!� sell into rallies/strength/take profits while you can since much, much worse to come� Economist Roubini Predicts Hedge Fund Failures, Panic, Closed Markets �,� �Job losses accelerating, and the worst is ahead� , Banks borrow record amount from Fed... �, on top of previous day�s near 200 point swing to the upside into the close to keep the suckers suckered as �experts� say: earnings 11% below expectations, business bad and getting worse, recession, substantial job cuts, big problems in Europe including writedowns of u.s. originated worthless fraudulent paper / another says realization source of the now global problems is u.s., fed throwing money at problems (wall street frauds) but not making it to the economy, not enough money to cover the negative (fraud) and need for flush out and adjustment of inflatede/bubble/illusory values, and another says reality implies 25% decline which is worst since 1937, sell into rallies/strength/take profits while you can since much, much worse to come� Recession Will Last At Least Two Years: Roubini ��,� Recession Now: It's Deep and It's Going to Last a Long Time, Sonders Says ���; previous day modest losses relative to reality as only 15% of americans believe the nation is going in the right direction (what dummies!) which is slightly more than congress� approval rate and just slightly less than bushes� approval rate, More banks may fail, IMF warns� , �Weak profit picture and weak/declining economy worries and fear of being held criminally accountable for their fraud hurt Wall Street� , sell into rallies/strength/take profits while you can since much, much worse to come , previous day�s suckers� bear market rally on bad or false news as ie., leading economic indicators up though all economists expected down since major components thereof (stock prices, manufacturing/industrial indices, employment, etc.) all down, economy so bad they�re going to print more worthless hyperinflationary Weimar dollars (that they don�t really have), gave another $12 billion to AIG on top of the other billions of taxpayer funds, yet none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come , The Crumbling U.S. Economy, Worse is Yet to Come �,� Worst slump since Great Depression ��,�� Rapid Downward Revisions in Expected Economic Growth �, and all this b.s. despite reality on top of previous session suckers� 500 point swing/programmed trades to the upside into the close to close modestly lower on much worse than expected news on top of previous suckers� bear market rally/800 point swing/programmed trades to the upside into the close on decidedly bad news �I don�t think so!

The average investment-grade industrial company bond is yielding 4.95 percentage points over Treasuries with comparable maturities, Moody's says. That's about the long-term average for much riskier junk bonds. "It's the widest level since 1932-1933," says John Lonski, Moody's chief economist. That was during the, ahem, Great Depression.

There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500.

Searching for Mr. Goodlow �[ While you certainly want to buy low (and sell high), in light of the crushing debt, deficits both budgetary/trade, global antipathy because of war crimes/profiteering, transfer of manufacturing base, and greedy frauds on wall street, corruption at all levels, etc., this time is like no other for america in the most negative sense, particularly since the average multiples for S&P for the past 5 years were based upon a huge fraud bubble and hardly a benchmark/guideline. The saying/axiom of J.P.Morgan remains apposite as � it is not so much the return on the money as it is the return of the money�. ]

Building starts/permits and new home sales down 8.3% and 6.3% to worst levels in 17 years, drop in consumer sentiment highest ever recorded so great opportunity to sell/take profits while you still can since smart money (and reality) say trend is much lower Billion-Dollar Fund Manager, Dow To Sink To 5,000 �,� Roubini: Dow 7,000 Likely 'Sometime Next Year' ��, Dow Jones Bloodbath Mirroring 1929 Rout �Bottom should be around 27 per cent below �bailout bounce� according to analyst , since none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come, (they�re so desperate for b.s./fraudulent talking points/sizzle to sell that the rumor (Microsoft to buy/destroy Yahoo) sparks rally though denied by both companies, spin lower prices as positive when reality is that economic conditions/prospects so bad that demand has precipitously fallen, Philly fed Index down sharply indicating contraction, Real Estate/Builders� Index lowest/Worst reading since inception, lunatic wall street frauds desperation linked to their substantial crimes and booty which must be disgorged through prosecution, volatility index at new record, previous session reality trumps the new fraud as markets can�t hide from the plethora of bad economic news albeit sugar-coated for election year purposes as retail sales down 1.2% for month and as well, year-over-year and in all regions, beige book says economic activity down in all regions� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 ���sell into rallies/strength/take profits while you can as much worse to come and remember, fool you once, shame on the wall street frauds who should be in prison, fool you twice, shame on you and you�re screwed, one expert described the bailout as money down a black hole� Total Bailout Cost Heads Towards $5 TRILLION ��, shreve of investors� (shouldn�t that be traders�) business daily said became negative on market in August and all cash in September [but previously, 6-3-08, SHREVE OF INVESTORS BUSINESS DAILY NOW NEGATIVE ON MARKET (YA THINK), WAS BULLISH JUST RECENTLY ENOUGH FOR BULL TRAP (OR JUST PLAIN BULL CRAP) AND CITES HEDGE FUND SPECULATORS, SUPPLY/DAMAND FACTORS (OIL RISE, ETC), LEADERSHIP TURNED NEGATIVE WHICH FED MINUTES CONFIRMED, implying that somewhere in between he was positive ] but to his credit states we�re in a recession�some quarters of negative growth/contraction ahead�takes considerable time for fed steps/missteps to take effect�and 7-8% unemployment, while fed governor janet yellen says we�re in a recession�daaah!, while another cites consensus that the financial crisis won�t be over anytime soon�� US confronts reality of long, deep recession/depression� ,
��
The global economy is going through a "profound shift" as it deals with the unwinding of debt leverage, which Todd Harrison, CEO of Minyanville.com calls "the mother of all bubbles."
As with the tech bubble before them, bubbles in housing, commodities and hedge funds were all made bigger because of the unfettered use of leverage. The unwinding process is going to result in a "prolonged period of socioeconomic malaise," he says, predicting unemployment will rise will into double-digits before the cycle turns.
�
The most recent batch of economic data certain support a grim outlook:

�         Industrial production plunged 2.8% in September, the biggest drop since September 1974.

�         The Philadelphia Fed's manufacturing index slumped to its lowest level since October 1990.

�         The National Association of Home Builders' housing market index hit a record low.

�         The Fed's October Beige Book showed across-the-board weakening of activity in all 12 reporting districts.

�         September retail sales fell 1.2%, the biggest drop since Aug. 2005.

previous session saw modest losses relative to reality with near 300 point upswing into the close on bad news (to keep the suckers in � were you a sucker?�the frauds on wall street are counting on it as today�s session proves) including record budget deficit at $454 billion and much worse next year, they�re treating symptoms not the problems so good money after bad, substantial unwinding of derivatives and market manipulation by programmed stock purchases, u.s. gov�t selling treasuries to finance debacle pushing interest rates higher so sell/take profits, The Wall Street Coup and the Bailout Scam Bailout $700 billion yet national debt increased by over $1 trillion,They socialize their losses and privatize their gains �.. How is this happening?� Paulson Doles Out $125 Billion to Wall Street Elite �What a total fraud/scam!�� A Trillion Dollar Bait and Switch: The Bailout and the Smell Test ����This is a secular bear market � check out the cycles.� �Roubini Sees Worst Recession in 40 Years, Rally�s End ��, previously Motek�s expert Art Hogan says crisis not over, daaaaah!, buuuttt and for the first time sounds like a typical wall street shill and loses all credibility thereby, while another non-Motek expert says will retest lows which is euphemistically correct while pointing to comparable spike/decline in 1929 et seq. Great Depression scenario , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , �b.s. talking points and all based upon other nations, Europe and Asia like lemmings again following america into the abyss (Iraq, etc.) since none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come and remember, fool you once, shame on the wall street frauds who should be in prison, fool you twice, shame on you and you�re screwed, as this and previous session�s programmed buy trades to keep the suckers sucked in and commission dollars flowing (the shameless wall street frauds made hundreds of millions last week and today on high then moderate volume as government/banks closed for holiday), thousand point swings to the upside- I don�t think so, as yet again those needful things on wall street get even MORE, MORE, MORE, MORE, MORE for the poor (not really, in light of the mega billions in fraudulently derived commissions, bonuses, compensation, which should and must be disgorged through prosecution) frauds on wall street, retail down, unemployment at recession levels, modest losses relative to reality so sell into strength/take profits, get your money out while you can and don�t forget that the worthless hyperinflationary Weimar dollars they�re printing like mad will, like the current fraud unraveling, come home to roost� [Rogers: Global Bankers Have Unleashed Hyperinflationary Holocaust ] making, assuming arguendo there are,� any wild-eyed purported gains to come illusory/non-existent at best and further, national (and consumer) debt and lack of industrial/manufacturing base/trade deficits make previous recovery comparisons preposterous, Motek�s expert says on-going bear market since 2000 (market down 75% as measured in gold) with continued massive liquidations to pay off debt and that attempts to reflate with bailouts will fail culminating in hyperinflationary depression, while another expert says stocks could slug around at bottom for extended period, while Financial Times Editor says most volatile day ever, not at tradable bottom, and this was a market crash at �40% from top. GM shares on credit watch with negative implications by S&P tumble 31 percent to 58-year low , Roubini: Rate Cuts Temporarily and Minimally Reduce Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' , dollar down, oil up, Motek�s expert Bogel of Vanguard fame points to speculative measure for wall street in 1929 as 280 which is even below and not as bad as the current measure of 320 in year 2008 indicative of the ridiculousness of the wall street debacle, It's Not You, It's the Market - Now Officially the Worst S&P Decline in History �,on top of previous sessions needful things on wall street saying MORE, taxpayer money to bail them out for their consummate fraud, etc., MORE now EU/Asian/fed/taxpayers� cooperation/contribution for their past, present and future frauds, etc., to keep their ponzi-like scheme of worthless paper moving; how about prosecution, prison, fines,� and disgorgement for these mega billion dollar frauds, as 500 point swing to the upside into the close (get your money out while you can-sell into strength/rallies/take profits) on yet another b.s. talking point (I don�t think so and neither does Cramer says Get Out Of The Market ) as Motek�s expert apparently shell-shocked talks in terms of washout levels while another says bailout will take about 4 weeks to implement and not sure if same will work [WON�T! There are trillions (some say in the hundreds of trillions) of the fraudulent worthless paper out there] and points to negative economic fundamentals and says reduce exposure to equities in favor of ie., money market treasuries, previous day buy on rumor, sell on news (of fraud bailout) obtains, fundamentals horrendous as economy loses more than expected 159,000 jobs, Motek�s economist/expert/trader says serious economic issues remain and cites �73 to �74 when market fell 45% top to bottom while securities expert says now focus is on fundamentals and not a pretty picture and cautions about dilution, get your money out while you can-sell into strength/rallies/take profits-that�s what they did , previously hopes for fraudulent $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! �wall street fraud/criminal bailout �Grand Larceny� on a Monumental Scale: Does the Bailout Bill Mark the End of America as We Know It? �can�t change reality as unemployment numbers highest in 7 years, factory orders decline to lowest level in 2 years, food prices with largest increase since 1990, previous 200 point swing to the upside on top of 485 point� previous day gain with all seriously negative news including sales drops of 16% at GM and 35% at Ford so sell into these rallies/strength/take profits whil you can, economist Brusca points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 �, U.S. Sept. ISM manufacturing index plunges to 43.5% (worst since 1955), Bailout Would Only Prolong Crisis: Jim Rogers �,except for scandal-scarred corrupt commerce department which reported unexpected rise in consumer sentiment (riiiiight�things are so hunky-dory), all news decidedly negative with home prices falling an unexpected record� 16.3 %, etc. Bailout marks Karl Marx�s comeback �This is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing �cover/collateral� for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper) in the mega-billions should first be disgorged before taxpayers are forced to pony up and pay the frauds again for their fraud which caused the problem in the first instance, must be prosecuted. It should also be noted that despite the rhetoric, the wall street bailout will NOT solve the crisis or eliminate the economic pain except to make permanent the fraudulent wealth transfer to the most well healed heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud.�� All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments. Sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market, �New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who�ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing �cover/collateral� for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper]; Motek�s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic �buy on the rumor, sell on the news� picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they�ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I�ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney (District of new jersey) who parlayed obstruction of justice (I�ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump (Barry) and now the so-called supreme court (he should have gone to jail) justice; how could anyone even listen to bush (WMD�s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) ] and he further says let the ceo�s go and some of the failed institutions fail condemning the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so� great opportunity to sell/take profits while you still can. One democrat said that with 3 months remaining in war criminal (remember the lies) bush�s lamentable failed presidency the grab based on fear that bailout of the criminals who caused the problem and made huge sums from their heavily commissioned fraud will avoid what already is can only be deemed another fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting conflict is also part of america�s problem, is preposterous on it�s face.A republican said that the so-called over-sight provision utilizes a standard of judicial review that would render impossible any purported review/abrogation (and after the fact at that) of paulson�s largesse to his bro�s on wall street and bush buddies. �Mike Stathis The Market Oracle September 22, 2008� As far as I�m concerned, anyone who doesn�t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America�s bailout fund doesn�t have what it takes to lead America anywhere except on its current course � downward. But it doesn�t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. � , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit �,� Financial terrorism: US taxpayers bail out Wall Street criminals , A Bailout to Nowhere ��,�Cramer had said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but� suckers� bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout � tax revolts as predicted by trendsresearch.com are a coming � McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government�s debt� in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed�s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don�t be wall street�s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August� ,� Worst is yet to come, investment strategist warns (at MarketWatch) �, more gov�t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less)� takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers� bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits �, Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to �Loan� AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears ,� highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% �, CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don�t think so)� so sell into these ephemeral rallies/"strength�, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit� $100 billion each to insolvent fannie/freddie ($200 billion they really don�t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" �(more to follow this update on 9-7-08) suckers� bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news,� nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%,� THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , �Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day�s suckers� bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don�t think so!), as one of Motek�s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn�t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another� seasoned expert says doesn�t look good particularly for third and fourth quarters. Motek�s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we�re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of� foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek�s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov�t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%�but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek�s expert says �put� activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank.�� Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don�t think so, and don�t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek  Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don�t understand it (ie., iphones are a joke where the so-called �computer� is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year.� Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia � don�t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer� hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha �AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally�Yahoo� the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers� bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings �irrational exuberance� since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they�re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after �election year keep the incumbents� fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc.,� better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200%� more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying �[In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market � although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV�T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS� (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET� FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE�D BE A TROLLEY CAR.� [eND OF FIRST QUARTER DOW �8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. �High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying �I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS� BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn�t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL �YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV�T REPORTS, suckers� bear market rally into the close, Analysts say more U.S. banks will fail �Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell �, why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you�re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he�s right; they�re much worse! Remember greenspan�s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they�re dreaming. Similarities between 1929 and 2008 terrifying �U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA�S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE� PLUNGING, HOME BUILDERS� CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE� GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE�S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE�S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,�� BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA,� IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING� HOME EQUITY AT LOWEST LEVELS SINCE WW2,� DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS� GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD� �14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I�M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV�T REPORT REVISING FIRST QUARTER GROWTH TO .9%� (SUUUUURE� YOU THINK THE �WHAT HAPPENED� REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE � GREAT � RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS.� DON�T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN�T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION. Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn�t see this coming? �The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch �More doom for global economy �Visualizing Dow 6,000 ��] ...Yahoo Market Update... �..�� ��AP Business Highlights ������� U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom ,�� New reports give bleak outlook on housing, economy, Foreclosures hit a record high � and more coming,� Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), �April insured mortgage defaults rise (Reuters))�� ��

(3-30-09) Dow ��7,522.02 -254.16 -3.27% To stamp out fraud, no change from suckers� rally worth reporting for second, third, fourth weeks of March -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,501.80 -43.40 -2.81% To stamp out fraud, no change from suckers� rally worth reporting for second, third, fourth weeks of March -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� 787.53 -28.41 -3.48% To stamp out fraud, no change from suckers� rally worth reporting for second, third, fourth weeks of March -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $48.41� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.96 (reg. gas in LAND OF FRUITS AND NUTS� $2.20 REG./ $2.38 MID-GRADE/ $2.58 PREM./ $2.38 DIESEL)/ GOLD $915.65 [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.05 PLATINUM $1120/ DOLLAR= .75 EURO, 98 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.72% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Absolutely, Absurdly, Ridiculous!� Suckers� bear market rally into the close to keep suckers suckered to end with modest losses relative to reality. SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �Art Hogan previously summed up choosing stocks in this environment thusly: �pick the best-looking horse at the glue factory��..I think he was as a courtesy to his industry overly generous. The administration pitches hardballs to the auto industry while continuing to pitch powder puffs to the wall street frauds who have perpetrated the largest (securities) fraud in recorded history, turning a cyclical downturn into what is now unavoidably depression, putting beleagered taxpayers in the unfathomable position of funders/guarantors of the scam/fraud in bailing out the perpetrators of the crimes (bush�s infamous base) who have financially benefited enormously (fees, commissions, spreads, points, salaries, expenses, bonuses, etc.) from their fraud/crimes. Still not even one prosecution from this administration even though disgorgement, the legal remedy among other criminal penalties, would aid the defacto bankrupt u.s. treasury! ����Obama's tough auto stance may include bankruptcy���� Wall Street hits the brakes on autos, bank woes���� Workers say Obama treated autos worse than Wall St (AP)���� UBS shares fall as writedowns, job cuts expected (AP)��� Obama puts GM, Chrysler on short leash���� Stocks fall as automaker plans are rejected ���Russia backs return to Gold Standard to solve financial crisis ���Looting by U.S. Government at All-Time Highs ���White House to let Chrysler fail ���US Banks Operate Without Reserve Requirements ����GM, Peugeot CEOs forced out as auto woes deepen��� Geithner won't say if more bailout money needed�� AIG delays funds to some real-estate ventures: report���� Asian stocks tumble on auto, bank concerns (AP) ���UBS shares fall as more writedowns, job cuts seen (Reuters)���� GM, Chrysler have no 'viable' plans: US task force����� Pension insurer shifted to stocks to froth the fraudulent market Boston Globe | Just months before the start of last year�s stock market collapse, the federal agency that insures the retirement funds of 44 million Americans departed from its conservative investment strategy and decided to put much of its $64 billion insurance fund into stocks to froth the frudulent market at behest of frauds on wall street.��� �SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �

(3-27-09) Dow ��7,776.18 -148.38 -1.87% To stamp out fraud, no change from suckers� rally worth reporting for second, third, fourth weeks of March -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,545.20 -41.80 -2.63% To stamp out fraud, no change from suckers� rally worth reporting for second, third, fourth weeks of March -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� 815.94 -16.92 -2.03% To stamp out fraud, no change from suckers� rally worth reporting for second, third, fourth weeks of March -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $52.38� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.96 (reg. gas in LAND OF FRUITS AND NUTS� $2.20 REG./ $2.38 MID-GRADE/ $2.58 PREM./ $2.38 DIESEL)/ GOLD $923.20 [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.25 PLATINUM $1095/ DOLLAR= .73 EURO, 98 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.76% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Absolutely, Absurdly, Ridiculous!� Very modest losses relative to reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �Sugar coated though still bad numbers, usual suspects/concerns cited, ie., bankruptcies on rise, omni 22nd bank to fail this year, printing hyperinflationary funny money like mad, etc. (don�t forget, as now, in 2008 they predicted improvement in second half and no recession though we now know we were already in recession and now depression).�� Nobel Laureate Dr. Joseph Stiglitz Says �The Geithner Plan Amounts To Robbery Of The American People� ��Ninth Georgia bank collapses (at Atlanta Journal Constitution - 22nd this year)� ����Economy shrinks most in 25 years; Unemployment continues climb �Roubini Says Stocks Will Drop, Government Will Nationalize More Banks... ���Ron Paul Predicts 15-year Depression ���The Credit Bust Is Not Almost Over (at Seeking Alpha)�� Top bank regulator placed on leave pending review (AP)�� PAPER: Rahm Emanuel's Short FREDDIE MAC stay made him $320,000+...��� �����On PPIP and Geithner's Latest Power Grab (Linkfest) (at Seeking Alpha)� �Will SDRs Become World�s Reserve Currency? ����UN PANEL TOUTS NEW GLOBAL CURRENCY...����� Rep. to Geithner: Your Plan Is 'Radical'...� ���The Bubble That Must Burst ����

SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �

(3-26-09) Dow ��7,924.56 +174.75 +2.25% To stamp out fraud, no change from suckers� rally worth reporting for second, third weeks of March -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,587.00 +58.05 +3.80% To stamp out fraud, no change from suckers� rally worth reporting for second, third weeks of March -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500� �832.86 +18.98 +2.33% To stamp out fraud, no change from suckers� rally worth reporting for second, third weeks of March -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $54.35� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.96 (reg. gas in LAND OF FRUITS AND NUTS� $2.20 REG./ $2.39 MID-GRADE/ $2.65 PREM./ $2.09 DIESEL)/ GOLD $940 [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.62 PLATINUM $1149.58 / DOLLAR= .73 EURO, 98 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.74% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Absolutely, Absurdly, Ridiculous! All news decisively bad, viz., continuing unemployment claims at new record high 5.56 million, new unemployment claims at very bad 653,000, economic contraction a worse than previously reported �6.3%, corporate profits down and at worst levels in decades, J.D. Power and Associates reports auto sales decline of a whopping �40%, Economy shrinks most in 25 years; Unemployment continues climb �Roubini Says Stocks Will Drop, Government Will Nationalize More Banks... ���Ron Paul Predicts 15-year Depression �, yet suckers� bear market rally to keep those suckers suckered so take this folly as a great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �The Credit Bust Is Not Almost Over (at Seeking Alpha)�� Top bank regulator placed on leave pending review (AP)�� PAPER: Rahm Emanuel's Short FREDDIE MAC stay made him $320,000+...��� �����On PPIP and Geithner's Latest Power Grab (Linkfest) (at Seeking Alpha)� �Will SDRs Become World�s Reserve Currency? ����UN PANEL TOUTS NEW GLOBAL CURRENCY...����� Rep. to Geithner: Your Plan Is 'Radical'...� ���The Bubble That Must Burst ����SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �


(3-25-09) Dow ��7,749.81 +89.84 +1.17% To stamp out fraud, no change from suckers� rally worth reporting for second, third weeks of March -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,528.95 +12.43 +0.82% To stamp out fraud, no change from suckers� rally worth reporting for second, third weeks of March -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500� �813.88 +7.63 +0.95% To stamp out fraud, no change from suckers� rally worth reporting for second, third weeks of March -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $52.77� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.96 (reg. gas in LAND OF FRUITS AND NUTS� $2.20 REG./ $2.39 MID-GRADE/ $2.65 PREM./ $2.09 DIESEL)/ GOLD $935.80 [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.44 PLATINUM $1123.70 / DOLLAR= .73 EURO, 97 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.83% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Absolutely, Absurdly, Ridiculous! SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �Come on!� The corrupt, scandal-scarred commerce department notorious for institutionalized lying comes out with numbers� three times/300% better than private forecasts for now into the third week in a row for such very forecastable data as used home sales, new home sales, and durable goods (mostly government/military with funny at that) in an attempt to froth that font of fraud called the american stock market/wall street which is how this financial/economic crisis came to be, with the parasitic churn-and-earn commisioning on the way up (and then down) based on bull s**t alone. Still not one prosecution of that huge collateralized securities fraud for which disgorgement would constitute substantial contribution to treasury as opposed to the just announced diversion to small potatoes (like madoff, which should be pursued but not a priority to the multi-trillion dollar collateralized securities fraud, etc.), viz., the sub-prime mortgage origination fraud (encouraged by actions of fed and government), etc.. With 80% debt-to-GDP ratio, the u.s. is now the leader of banana republic nations.�� Nobel Laureate Dr. Joseph Stiglitz Says �The Geithner Plan Amounts To Robbery Of The American People� ����IBM to cut 5,000 jobs in U.S.���� �Wall St. rallies late as data offsets bond sale gloom��� [$$] Government-Debt Auctions Disappoint as Demand Subsides (at The Wall Street Journal Online)��� Asian Shares Mostly Lower, Mkts Overcooked; Nikkei Down 0.7%� ��CDS �Godfather� Says Blow �Em All Up� ����Obama Denounces Global Currency While Creating The Very Means For Its Introduction �����Code Pink and Barney�s Bailout Circus ��One Small Problem With Geithner�s Plan: It Will Bankrupt The Banks �������White House to Hunt for New Tax Revenues ����Bank Of England warns Gordon Brown to stop the spending ��������U.K. Bond Auction Fails for First Time Since 2002 ���������Obama�s Economic Plan a �Road to Hell� �Associated Press | The president of the European Union on Wednesday slammed U.S. plans to spend its way out of recession as �a road to hell.�����
SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �

(3-24-09) Dow ��7,660.21 -115.65 -1.49% To stamp out fraud, no change from suckers� rally worth reporting for second, third weeks of March -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,516.52 -39.25 -2.52% To stamp out fraud, no change from suckers� rally worth reporting for second, third weeks of March -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500� �806.25 -16.67 -2.03% To stamp out fraud, no change from suckers� rally worth reporting for second, third weeks of March -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $53.98� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.96 (reg. gas in LAND OF FRUITS AND NUTS� $2.20 REG./ $2.39 MID-GRADE/ $2.65 PREM./ $2.09 DIESEL)/ GOLD $923.88 [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.36 PLATINUM $1119 / DOLLAR= .73 EURO, 97 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.69% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Absolutely, Absurdly, Ridiculous!� Modest losses relative to an increasingly grim reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �
On whether Ben Bernanke has redeemed himself and what that means for stocks:

I do not think so. On the contrary, I think what the government is doing and its economic "dream team" under Mr. Bernanke and Mr. Geithner and Mr. Summers are going to be, from a longer term point of view, rather negative.
But, you understand, we can all sit here and say it will all end in disaster. That I'm sure. But, in the meantime, we can have big moves in markets.

On the new bad assets purchase plan:

I think he's doing the politically expedient thing from a very short term perspective. If you have cracks in your walls and just put paint on it, it will hide them and then you sell your house. But it won't solve the problems of the cracks - it's the next owner and these are the children of the current taxpayer who will pay for it.� Marc Faber: 'It Will All End in Disaster' ���

China calls for new global currency (AP)��� Why Goldman Sachs Should Return Its TARP Money (at Seeking Alpha)��� Marc Faber: 'It Will All End in Disaster' ���Congresswoman presses Geithner on connections to Goldman Sachs ���Gerald Celente Predicts Economic Armageddon by 2012 ����Geithner Plan Will Rob US Taxpayers: Stiglitz

�ETF Death Watch: Why Are Funds Closing? The financial crisis isn�t just shrinking portfolios and profits. It�s also putting exchange-traded funds and notes out of business. According to State Street, 58 exchange-traded products closed last year and another 30 or so from companies like SPA, Credit Suisse and Northern Trust have stopped trading the last three months. With more on the way, the liquidation process is shaping up to be a prominent trend for investors to watch in 2009. ������
Geithner Plan Will Rob US Taxpayers: Stiglitz The U.S. government plan to rid banks of toxic assets will rob American taxpayers by exposing them to too much risk and is unlikely to work as long as the economy remains weak, Nobel Prize-winning economist Joseph Stiglitz said on Tuesday.
Geithner Grilled on Goldman Sachs Connections David Edwards | Geithner told Waters that Goldman Sachs could help manage the new program to help banks remove toxic assets from their books. Haven�t goldman and goldman people done enough damage?� Their abilities and competence are vastly overrated and overstated.�� Be Gentle with the Bankers? No, Indict Them for Fraud/High Treason

It bears repeating, so preposterous was yesterday�s Pavlov dogs rally [conditioning to associate what�s good for fraudulent wall street, viz., privatizing profits � still not one prosecution for what now is the largest fraud/scam/swindle in the history of this planet � and socializing the losses, is somehow positive for america/the economy by the magnitude of this suckers� bear market rally and prior market manipulations] when the same created the instant crisis in the first instance (don�t worry about the frauds on wall street, they�ll get their commissions again on the way down as they did in creating this financial debacle/fraud as they clamor for more taxpayer/treasury money).� They�re still printing/creating those worthless Weimar dollars like mad,
China Urges New Money Reserve to Replace Dollar ,don�t know what they�re doing, are clueless, and disingenuously seek to divert attention from the missing/stolen/bilked $14 trillion of taxpayer money with the subterfuge of outrage over the relatively miniscule though not unimportant million dollar bonuses (AIG, etc.), so-called fixes/plans, etc., so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �What the Pros Say: US Is Now �Bankrupt� ��US is Already Bankrupt: Analyst ��U.S. Budget Office offers darker economic and deficit outlook��� ��The Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed ���U.N. panel says world should ditch dollar ����SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(3-23-09) Dow �7,775.86 +497.48 +6.84% To stamp out fraud, no change from suckers� rally worth reporting for second, third weeks of March -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,555.77 +98.50 +6.76% To stamp out fraud, no change from suckers� rally worth reporting for second, third weeks of March -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500� �822.92 +54.38 +7.08% To stamp out fraud, no change from suckers� rally worth reporting for second, third weeks of March -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $53.80� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.96 (reg. gas in LAND OF FRUITS AND NUTS� $2.20 REG./ $2.39 MID-GRADE/ $2.65 PREM./ $2.09 DIESEL)/ GOLD $953 [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.65 PLATINUM $1123 / DOLLAR= .73 EURO, 97 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.66% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ] �YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Absolutely, Absurdly, Ridiculous! So preposterous was today�s Pavlov dogs rally [conditioning to associate what�s good for fraudulent wall street, viz., privatizing profits � still not one prosecution for what now is the largest fraud/scam/swindle in the history of this planet � and socializing the losses, is somehow positive for america/the economy by the magnitude of this suckers� bear market rally and prior market manipulations] when the same created the instant crisis in the first instance (don�t worry about the frauds on wall street, they�ll get their commissions again on the way down as they did in creating this financial debacle/fraud as they clamor for more taxpayer/treasury money).� They�re still printing/creating those worthless Weimar dollars like mad, China Urges New Money Reserve to Replace Dollar ,don�t know what they�re doing, are clueless, and disingenuously seek to divert attention from the missing/stolen/bilked $14 trillion of taxpayer money with the subterfuge of outrage over the relatively miniscule though not unimportant million dollar bonuses (AIG, etc.), so-called fixes/plans, etc., so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �What the Pros Say: US Is Now �Bankrupt� ��US is Already Bankrupt: Analyst ��U.S. Budget Office offers darker economic and deficit outlook��� ��The Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed ���U.N. panel says world should ditch dollar ����

Fierman: How quickly things change�..
Some stats from today�s rally:
S&P: +54 (7.1%) to 823
Dow: +497 (+6.8%) to 7776
NYSE Up Volume: 1,866,836,012
NYSE Down Volume: 44,683,760
NYSE Total Volume: 1,914,836,622
It was just 2 weeks ago (March 9th) that the S&P closed at 12-year lows and the stock market felt like it was forecasting the end of the world. We�ve now rallied 22% in 2 weeks! But if we look at the catalysts for this rally, they really don�t seem to justify such an explosive move. Citi said they were profitable in the first two months of the year and JP Morgan (JPM) and Bank of America (BAC) said they were too. The Fed initiated some serious quantitative easing. And now Geithner�s toxic asset plan this morning. I agree with the Capital Spectator when he wrote this morning:

We�re skeptical largely because the rally this month has drawn power primarily from a new round of hope that Washington�s various experiments to right the economy will finally hit pay dirt. Perhaps, but it�s not the stuff that powers sustainable rallies, much less secular bull markets.

I�M A SELLER OF THIS RALLY AT THIS POINT�..

Lawrence York

�Treasury Secretary Geithner has released his plan to mop-up the toxic assets held by banks that threaten their solvency and the global financial system. Accordingly, the plan purposes that private equity firms partner with the Fed to purchase bank assets at some discount set by the private firms at auction. Then the Fed will leverage the purchase six-fold to buy more bank assets and assume all the risk of leverage. In other words, private firms will set the price and then put up half the initial purchase price. The Fed will then put up non-recourse loans to purchase six times more debt at the same price to be owned by the joint venture partners. If the deal works private equity splits the booty equally. If the deal fails, the government loses upwards to six times taxpayer's money and private equity loses only its original equity match equal to 1/6 the total loss.

Flabergasted? Don't be. How often can you cut a deal where you get to set the price and your partner puts in six times your money and you split the profit. IF THESE DEAL TERMS DON'T UNDERSCORE WHY THE GOVERNMENT SHOULD NOT HANDLE YOUR MONEY AND WHY THE GOVERNMENT SHOULD STAY OUT OF BUSINESS, WHAT DOES? Other deal terms are that the Fed will designate the private equity players, at least initially. Could it be that the Fed is creating another pass-through mechanism to simultaneously bail out or reward its friends? If so, look for Goldman Sachs (GS), Merrill, Blackstone (BX), Carlye Group, Texas Pacific Group, and perhaps Bear Stearns to be players. Look also for the typical MOS of some Structured Investment Vehicle, not much different from the Maiden Lane III SIV, to backstop or divert money where it needs to be--by gratuitous selection that is. Oh, and never mind that Private Equity may be joined by the Libyan Investment Authority (LIA and Private Equity article by Financial Times) as Private Equity at present is having a bit of a liquidity crunch with their own deflated, illiquid assets. In short, the Geithner Toxic Asset Plan is just another bank bailout and footnote to this era of 'Dark Capitalism" where profits are reaped and losses socialized in an ever transparent way.�

Trevisani: ��The beginning of quantitative easing calls all three ideas in question; it increases the supply of dollars effectively lowering US interest rates well below Europe�s; the need for such an unprecedented step undermines the hope for a US recovery; and a devaluing dollar cannot be a safe haven. Add the projected Federal deficits and the dollar begins to look very vulnerable. If the Europeans go down the same quantitative road then the dollar�s disabilities may be matched by the euro�s. But if they are not, then the Bernanke dollar call may not be an option to buy but a call to sell�� China and most of the financial world outside the u.s. agrees with the latter. China Urges New Money Reserve to Replace Dollar������ �������Kremlin to Pitch New Currency...���

SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

 

(3-20-09) Dow �7,278.38� -122.42 -1.65%To stamp out fraud, no change from suckers� rally worth reporting for second, third weeks of March -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,457.27 -26.21 -1.77% To stamp out fraud, no change from suckers� rally worth reporting for second, third weeks of March -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500� �768.54 -15.50 -1.98% To stamp out fraud, no change from suckers� rally worth reporting for second, third weeks of March -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $51.06� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.96 (reg. gas in LAND OF FRUITS AND NUTS� $2.20 REG./ $2.39 MID-GRADE/ $2.65 PREM./ $2.09 DIESEL)/ GOLD $956.20 [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.84 PLATINUM $1090 / DOLLAR= .73 EURO, 95 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.65% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Absolutely, Absurdly, Ridiculous! Modest losses relative to reality and their printing those worthless Weimar dollars like mad, don�t know what they�re doing, are clueless, and disingenuously seek to divert attention from the missing/stolen/bilked $14 trillion of taxpayer money with the subterfuge of outrage over the relatively miniscule though not unimportant million dollar bonuses (AIG, etc.) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �What the Pros Say: US Is Now �Bankrupt� ��US is Already Bankrupt: Analyst ��U.S. Budget Office offers darker economic and deficit outlook��� ��The Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed ���U.N. panel says world should ditch dollar ����

What the Pros Say: US Is Now �Bankrupt� �US Federal Reserve announces massive increase in government debt ����U.S. Budget Office offers darker economic and deficit outlook��� [$$] Market Overbought and Overbelieved �����Auditors project deeper deficits for Obama budget��� Rothschild: Economic crisis will leave governments with �enormous public debt� ����The Fed Did It, and Greenspan Should Admit It �����

Launching Lifeboats Before the Ship Sinks Paul Craig Roberts | If the US government is forced to print money to cover the high costs of its wars and bailouts, things could fall apart very quickly.

US Federal Reserve announces massive increase in government debt Barry Grey | The essence of all of the measures taken in response to the crisis is an effort to rescue the system and protect the wealth and power of the financial elite at the expense of the broad masses of the population.

Tax Time Covert Ops Catherine Austin Fitts | Hate. Divide and conquer. It�s a business. The media is pushing it. The people directing it are the same people who brought you the AIG bonuses.

SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(3-19-09) Dow �7,400.80 -85.78 -1.15% To stamp out fraud, no change from suckers� rally worth reporting for second week -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,483.48 -7.74 -0.52% To stamp out fraud, no change from suckers� rally worth reporting for second week -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500� �784.04 -10.31 -1.30% To stamp out fraud, no change from suckers� rally worth reporting for second week -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $51.61� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.96 (reg. gas in LAND OF FRUITS AND NUTS� $2.20 REG./ $2.39 MID-GRADE/ $2.65 PREM./ $2.09 DIESEL)/ GOLD $958.80 [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.52 PLATINUM $1090 / DOLLAR= .73 EURO, 94 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.58% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Absolutely, Absurdly, Ridiculous!� SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! US is Already Bankrupt: Analyst ��The Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed ���U.N. panel says world should ditch dollar ������Economic news remains uninspiring. Weekly initial claims dipped 12,000 to 646,000, which was better than the consensus estimate of 655,000. Continuing claims hit another record high, though, jumping to 5.47 million from 5.29 million. Leading indicators for February showed a 0.4% decline, which wasn't as bad as the 0.6% decline that was expected� Energy stocks (+1.4%) and materials stocks (+1.4%) were helped by stronger commodity prices. The CRB Commodity Index climbed more than 5% in this year's largest single-session advance by percent. Crude oil futures prices gained 6.5% to close pit trading at $51.25 per barrel, while gold prices advanced 7.8% to close at $958.50 per ounce. Underpinning the strength in commodity prices was a considerably weaker U.S. dollar. According to the Dollar Index, the greenback sank 1.7% this session, and more than 4% during the last two sessions. The dollar's weakness follows the Fed's latest policy directive��

US is Already Bankrupt: Analyst ��The Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed ���U.N. panel says world should ditch dollar ����Corporate Media Disses Gold ����Citigroup May Spend $10 Million for Executive Suite ������It�s Not Just AIG: Fannie Plans Exec Bonuses �����Gold Re-Couples with Euro, �Dollar Getting Destroyed� ����House passes tax to recoup most of AIG bonuses ($200 million); what about the $14 trillion in fraudulent bailouts and the missing $4 trillion at the New York fed� s���� Bank of America involved in Merrill Q4 writedowns: report���� Put/Call Ratio Indicates Overbought Market Condition �����SUPER PUMP: $1 TRILLION CREATED OUT OF THIN AIR...�� Oil Nears $52; Hits high for 2009... �����SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(3-18-09) Dow �7,486.58 +90.88 +1.23% To stamp out fraud, no change from suckers� rally worth reporting for second week -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,491.22 +29.11 +1.9%To stamp out fraud, no change from suckers� rally worth reporting for second week -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500� �794.35 +16.27 +2%To stamp out fraud, no change from suckers� rally worth reporting for second week -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $49.16� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.96 (reg. gas in LAND OF FRUITS AND NUTS� $2.20 REG./ $2.39 MID-GRADE/ $2.65 PREM./ $2.09 DIESEL)/ GOLD $929 [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.68 PLATINUM $1055 / DOLLAR= .74 EURO, 95 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.49% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Absolutely, Absurdly, Ridiculous!� SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Absolute desperation by the fed as fed in panic mode buys bonds with even more fake money (ultimately you pay). Shot in the dark, they unequivocally do not know what they�re doing; don�t have even the slightest clue. Some well deserved guilt as greenspan, bernanke, paulson, geithner, etc., are authors of this debacle with compliant politics as usual facilitating same (wall street/hedge fund gamblers shouldn�t be bailed out, etc.), but the divergence of so-called opinion from stagflation to applauding same in light of fraudulent stock market up-tick (isn�t that how we got here, to this financial/economic disaster).

 

 

 

Depression Unrest Turmoil Instability Riots all coming and SOON ��As depression deepens, more americans go fishing (Reuters) ���It�s Not Just AIG: Fannie Plans Exec Bonuses �����Stimulus plan: Spend now, details later (promise) �����Dollar Plunges After Fed Announcement ����Senate quietly stripped measure restricting bonuses from bailout legislation ���Hedge funds could reap billions from AIG which should not reward soured bets/gambles with taxpayer funds as now slated.�� Citi, Morgan Stanley Looking to Issue More Diluting Shares for Bonus Payments (at Seeking Alpha)��� Editorials: Rewards instead of punishments �SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(3-17-09) Dow �7,395.70 +178.73 +2.48% To stamp out fraud, no change from suckers� rally worth reporting for second week -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,462.11 +58.09 +4.14%To stamp out fraud, no change from suckers� rally worth reporting for second week -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500� �778.12 +24.23 +3.21%To stamp out fraud, no change from suckers� rally worth reporting for second week -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $49.16� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.96 (reg. gas in LAND OF FRUITS AND NUTS� $2.20 REG./ $2.39 MID-GRADE/ $2.65 PREM./ $2.09 DIESEL)/ GOLD $914.90 [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.72 PLATINUM $1053 / DOLLAR= .76 EURO, 98 YEN, .71 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Absolutely, Absurdly, Ridiculous! All private forecasts of the very forecastable housing starts defied the false report of the corrupt, scandal-scarred commerce department (remember the fake reports that spurred recent ralleys which ultimately burned the buyers) spurred suckers� bear market ralley so great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
�� Regulator: Before Banks Collapsed, They Pleaded With Feds To Let Them Fudge Their Books Ryan Grim | Before financial institutions collapsed, they went to the Financial Accounting Standards Board, pleading for a change in mark-to-market accounting rules so that they can continue to appear to be solvent on their balance sheets and hence, continue to defraud the public as they are now once again trying to do. This says it all!� Will FASB remain viable by resisting fudge/fraud� factor.� Suckers� bear market rally�� ( Citigroup Inspired Bear Market Suckers� Rally �) to keep the suckers suckered and commission dollars flowing to the frauds on wall street

 

Why we think this is a (suckers�) bear market rally:

Given that this is Friday the 13th, citing 13 reasons that the bear will continue in spite of this rally seems appropriate.

1. Current P/E: the current 20+ P/E on trailing �as reported earnings� is too high for this set of negative sales, earnings and dividends growth conditions.

2. Forward P/E: the projected 2010 S&P 500 earnings by Standard and Poor�s at about $40 would only support 800 at best (20 P/E), and more likely would support 600 (15 P/E), assuming there was a general recovery under way � before that time, the current market should sell for less than 800, and perhaps less than 600.

3. Earnings: profits are still declining in the aggregate

4. Dividend Yield: banks and other companies continue to cut dividends, reducing stock appeal and putting total return in question until dividends stabilize and begin to grow (historically dividends generated about 1/3 of total return for the S&P 500)

5. Revenue: overall sales are down � declining sales, earnings and dividends are not reasons for bullish markets.

6. World GDP Growth: credible parties (Goldman Sachs, IMF, and noteworthy individuals, such as Nouriel Roubini, predict worsening global economies) � until forecasts for improvements within 12 months or less for the US or world economies become prevalent, the market is unlikely to �anticipate� with a sustainable trend reversal to a bull

7. Government Intervention: the US and global economies are currently highly government policy dependent, and while policies are becoming more clear, they are not all revealed, and there are suggestions more may be needed � the resulting uncertainty warrants low valuation until government policies to �save� and �stimulate� economies are no longer the centerpiece of investor hopes and earnings prospects

8. Real Estate: the US and global real estate asset deflation continues with waves of negative impact on household and institutional wealth � until property prices stabilize, or are believed to be about to stabilize, a new bull market will have difficulty gaining traction.

9. Other Bank Shoes to Drop: the major banks have not yet experienced likely future write-downs associated with non-mortgage asset types, such as credit cards and auto loans.

10. Auto Industry: the fate of GM, Chrysler and the entire supply chain is uncertain with unknown government involvement.

11. LBOs: private equity firms built on leverage may not be able to continue to service and rollover the debt they used to make recent optimistic acquisitions � those debts could be a further burden on the financial sector.

12. Retirees and Pre-Retirees: the 55 and over crowd who control the largest portion of US private assets are not as likely to risk their life accumulations in stocks relative to bonds as they were in the boom times of the last couple of decades � that will delay the onset of a bull and subdue the extent of a bull when it occurs

13. Credit Availability: the credit and leverage availability that helped the US stock market recover from the 2002-2003 bottom is not available at this time to increase household expenditures and corporate capital investment � even the US government may be put on credit rationing by China, which today said it is �worried� about the credit quality of their US Treasury holdings, which has implications about their willingness to support the borrowing our �stimulus� programs require and assume to be available.���� By Richard Shaw

 

 

Analyst Andre Egleshion points to continuing effect of credit default swaps and pegs the amount of the worthless, fraudulent (previously sold, commissioned, repackaged, resold, re-commissioned, etc.) securities at $600-$675 TRILLION, their continued effect on money pit AIG, that fed�s received $11.7 trillion since 2008 yet refuses transparency as to where funds spent, who received same, etc., agrees with comment that shockingly no prosecutions yet,� economy re-tooling, need for stiffer regulation, points to historical fact that fiat currencies and private central banks have consistently failed, sees hyperinflation with dollar weakness (printed/created like mad) and higher oil. Hopes for funny assets [in addition to funny money, other fraud, relaxation of rules/laws/enforcement (real asset values) (remember the exemption from RICO garnered by fraudulent wall street-those campaign contributions really pay off, etc.) ], spur suckers� bear market short-covering rally �to keep the suckers suckered and commission dollars flowing to the frauds on wall street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� NOW LISTEN HERE, FOR THIS IS TRUTH!: There is not enough money in the entire world to cover the fraudulent securities foisted/commissioned/ distributed/sold by the wall street frauds/perpetrators which if assumed/guaranteed by the u.s. government (don�t forget that social security/medicare are already technically insolvent/bankrupt - all monies/reserves going into the general account and already and continually spent) will only guaranty the insolvency of / worthlessness of the currency of the u.s. treasury. Cost to buy protection against U.S. government default surges�� Frank just said that he wants to prosecute those who�ve caused this crisis�waxman was supposedly doing just that in part� (fog of war fraud-360 tons of $100 dollar bills stolen), etc�. If they don�t do this as said, among others, they should be forced resign as complicit. THERE IS NO MYSTERY HERE; HENCE, NONE SHOULD BE AFRAID TO LOOK, PROSECUTE, AND FORCE DISGORGEMENT!�� �Celente: U.S. Has Entered �The Greatest Depression� ���� Watch for fake reports and continued jawboning/spin/b.s. regarding bailout/stimulus as they are desperate yet remain protective of the criminals who caused the crisis with their fraud in staggering amounts far beyond the substantial scam by madoff ($50 billion) who now audaciously from his $7 million NYC penthouse seeks ownership of same along with $62 million (only in systemically fraudulent america). Why are they not seeking disgorgement from the criminals who benefited from the huge multi-trillion dollar fraud they perpetrated? No one yet has asked tiny tim geithner where the missing $4 trillion at the fed is�Why? Then there�s the $2 trillion in taxpayer money, the destination of which the fed refuses disclosure of�Fed Hides Destination Of $2 Trillion In Bailout Money ��Why? How? This is criminal activity of monumental proportion, yet protected by the bureaucratic complicit frauds (I�ve experienced this directly in my RICO case), damaging lives here and abroad.� Then there�s also the illegal wars, war-profiteering, war crimes, etc., that have bankrupted this nation, killed many innocents, etc., [remember, ie., the 360 tons of hundred dollar bills flown into Iraq that democrats/land of fruits and nuts henry waxman (doesn�t he look like a hedgehog or some other rodent) the lying fraud talked endlessly about while republicans were at the helm, yet nothing�no prosecutions�the frauds who stole that money should put same in the failed �stimulus fraud pot��at the least, etc.].�� An analyst previously said 2011-2014 earliest for bottoming at best. Another analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. �[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society.�

 

EMBRACE THE BEAR By Rev Shark There is an old saying that in a bear market, we slide down the slope of hope. Unfortunately, we have seen plenty of good examples of how that works over the past year. We have had dozens of new initiatives to try to bolster the economy that create hope for a few days. The market will get excited and we'll have some big point gains, but then doubts begin to surface about how easily it will be to turn this economic supertanker that is going over a waterfall. The buying stalls out, a few dip-buying attempts are made, but eventually we break support levels and more downside ensues. That is classic bear market action but the standard Wall Street reaction is to not accept it�[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc. - Analyst Andre Egleshion puts the amount at $600+trillion] �INVESTORS AREN'T FOOLED (at least today) By Rev Shark The poor market action today is most likely due to the realization that economic stimulus isn't going to be nearly as simple or easy (or effective) as it sounds. We aren't going to spend our way out of this economic spiral �We'd probably be better off if the government did less rather than more. The great likelihood is that the unintended consequences we suffer will prolong the whole cycle. We have to let some bad businesses and financial institutions fail�

Dent, Napier, and Prechter - Wise to Heed Their Predictions ���Is Mistrust in Wall Street Pointing to New Lows? ���RECORD: NATIONAL DEBT HITS $11 TRILLION...��� The Size of Derivatives Bubble = $190K Per Person on Planet �����Washington knew AIG was preparing to pay bonuses (AP)���� U.S. to claw back AIG bonuses, lawmakers eye tax���� House committee scrutinizes Merrill bonuses������� Bad year or good, fraud or just preparing for fraud with wall street,� AIG employees got big bonuses (AP) �Paulson Was Behind Bailout Martial Law Threat��� Fed Hides Destination Of $2 Trillion In Bailout Money���� World Bank cuts China GDP estimate again, to 6.5%����� Obama Confronts �Populist Anger� Over Bankster Giveaways ����IMF poised to print billions of dollars ������Jim Rogers Expects Civil Unrest in the US and all around the World ��SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(3-16-09) Dow �7,216.97 -7.01 -0.10% To stamp out fraud, no change from suckers� rally worth reporting for second week -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,404.02 -27.48 -1.92% To stamp out fraud, no change from suckers� rally worth reporting for second week -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500� �753.89 -2.66 -0.35% To stamp out fraud, no change from suckers� rally worth reporting for second week -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $47.35� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.96 (reg. gas in LAND OF FRUITS AND NUTS� $2.20 REG./ $2.39 MID-GRADE/ $2.65 PREM./ $2.09 DIESEL)/ GOLD $922 [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.88 PLATINUM $1058 / DOLLAR= .76 EURO, 98 YEN, .71 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.95% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Absolutely, Absurdly, Ridiculous! Very modest losses relative to reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! ��February industrial production declined 1.4%, which is essentially in-line with the consensus 1.3% decline. Capacity utilization dipped to 70.9% from 71.9%, as generally expected. The February report continues to reflect a weak demand environment that will ultimately drag on GDP...��� The nation's industrial output fell for the fourth straight month in February, with factories operating at their lowest level in six decades of record keeping. Analysts forecast more production cuts to come as companies are battered by recessions at home and abroad. The Federal Reserve reported Monday that industrial output dropped by 1.4 percent last month, slightly larger than the 1.2 percent decline economists had expected. The weakness included a 0.7 percent fall in manufacturing output, which pushed the operating rate at the nation's factories down to 67.4 percent of capacity last month, the lowest level on records that go back to 1948��

�� Regulator: Before Banks Collapsed, They Pleaded With Feds To Let Them Fudge Their Books Ryan Grim | Before financial institutions collapsed, they went to the Financial Accounting Standards Board, pleading for a change in mark-to-market accounting rules so that they can continue to appear to be solvent on their balance sheets and hence, continue to defraud the public as they are now once again trying to do. This says it all!� Will FASB remain viable by resisting fudge/fraud� factor.� Suckers� bear market rally�� ( Citigroup Inspired Bear Market Suckers� Rally �) to keep the suckers suckered and commission dollars flowing to the frauds on wall street

 

Why we think this is a (suckers�) bear market rally:

Given that this is Friday the 13th, citing 13 reasons that the bear will continue in spite of this rally seems appropriate.

1. Current P/E: the current 20+ P/E on trailing �as reported earnings� is too high for this set of negative sales, earnings and dividends growth conditions.

2. Forward P/E: the projected 2010 S&P 500 earnings by Standard and Poor�s at about $40 would only support 800 at best (20 P/E), and more likely would support 600 (15 P/E), assuming there was a general recovery under way � before that time, the current market should sell for less than 800, and perhaps less than 600.

3. Earnings: profits are still declining in the aggregate

4. Dividend Yield: banks and other companies continue to cut dividends, reducing stock appeal and putting total return in question until dividends stabilize and begin to grow (historically dividends generated about 1/3 of total return for the S&P 500)

5. Revenue: overall sales are down � declining sales, earnings and dividends are not reasons for bullish markets.

6. World GDP Growth: credible parties (Goldman Sachs, IMF, and noteworthy individuals, such as Nouriel Roubini, predict worsening global economies) � until forecasts for improvements within 12 months or less for the US or world economies become prevalent, the market is unlikely to �anticipate� with a sustainable trend reversal to a bull

7. Government Intervention: the US and global economies are currently highly government policy dependent, and while policies are becoming more clear, they are not all revealed, and there are suggestions more may be needed � the resulting uncertainty warrants low valuation until government policies to �save� and �stimulate� economies are no longer the centerpiece of investor hopes and earnings prospects

8. Real Estate: the US and global real estate asset deflation continues with waves of negative impact on household and institutional wealth � until property prices stabilize, or are believed to be about to stabilize, a new bull market will have difficulty gaining traction.

9. Other Bank Shoes to Drop: the major banks have not yet experienced likely future write-downs associated with non-mortgage asset types, such as credit cards and auto loans.

10. Auto Industry: the fate of GM, Chrysler and the entire supply chain is uncertain with unknown government involvement.

11. LBOs: private equity firms built on leverage may not be able to continue to service and rollover the debt they used to make recent optimistic acquisitions � those debts could be a further burden on the financial sector.

12. Retirees and Pre-Retirees: the 55 and over crowd who control the largest portion of US private assets are not as likely to risk their life accumulations in stocks relative to bonds as they were in the boom times of the last couple of decades � that will delay the onset of a bull and subdue the extent of a bull when it occurs

13. Credit Availability: the credit and leverage availability that helped the US stock market recover from the 2002-2003 bottom is not available at this time to increase household expenditures and corporate capital investment � even the US government may be put on credit rationing by China, which today said it is �worried� about the credit quality of their US Treasury holdings, which has implications about their willingness to support the borrowing our �stimulus� programs require and assume to be available.���� By Richard Shaw

 

 

Analyst Andre Egleshion points to continuing effect of credit default swaps and pegs the amount of the worthless, fraudulent (previously sold, commissioned, repackaged, resold, re-commissioned, etc.) securities at $600-$675 TRILLION, their continued effect on money pit AIG, that fed�s received $11.7 trillion since 2008 yet refuses transparency as to where funds spent, who received same, etc., agrees with comment that shockingly no prosecutions yet,� economy re-tooling, need for stiffer regulation, points to historical fact that fiat currencies and private central banks have consistently failed, sees hyperinflation with dollar weakness (printed/created like mad) and higher oil. Hopes for funny assets [in addition to funny money, other fraud, relaxation of rules/laws/enforcement (real asset values) (remember the exemption from RICO garnered by fraudulent wall street-those campaign contributions really pay off, etc.) ], spur suckers� bear market short-covering rally �to keep the suckers suckered and commission dollars flowing to the frauds on wall street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� NOW LISTEN HERE, FOR THIS IS TRUTH!: There is not enough money in the entire world to cover the fraudulent securities foisted/commissioned/ distributed/sold by the wall street frauds/perpetrators which if assumed/guaranteed by the u.s. government (don�t forget that social security/medicare are already technically insolvent/bankrupt - all monies/reserves going into the general account and already and continually spent) will only guaranty the insolvency of / worthlessness of the currency of the u.s. treasury. Cost to buy protection against U.S. government default surges�� Frank just said that he wants to prosecute those who�ve caused this crisis�waxman was supposedly doing just that in part� (fog of war fraud-360 tons of $100 dollar bills stolen), etc�. If they don�t do this as said, among others, they should be forced resign as complicit. THERE IS NO MYSTERY HERE; HENCE, NONE SHOULD BE AFRAID TO LOOK, PROSECUTE, AND FORCE DISGORGEMENT!�� �Celente: U.S. Has Entered �The Greatest Depression� ���� Watch for fake reports and continued jawboning/spin/b.s. regarding bailout/stimulus as they are desperate yet remain protective of the criminals who caused the crisis with their fraud in staggering amounts far beyond the substantial scam by madoff ($50 billion) who now audaciously from his $7 million NYC penthouse seeks ownership of same along with $62 million (only in systemically fraudulent america). Why are they not seeking disgorgement from the criminals who benefited from the huge multi-trillion dollar fraud they perpetrated? No one yet has asked tiny tim geithner where the missing $4 trillion at the fed is�Why? Then there�s the $2 trillion in taxpayer money, the destination of which the fed refuses disclosure of�Fed Hides Destination Of $2 Trillion In Bailout Money ��Why? How? This is criminal activity of monumental proportion, yet protected by the bureaucratic complicit frauds (I�ve experienced this directly in my RICO case), damaging lives here and abroad.� Then there�s also the illegal wars, war-profiteering, war crimes, etc., that have bankrupted this nation, killed many innocents, etc., [remember, ie., the 360 tons of hundred dollar bills flown into Iraq that democrats/land of fruits and nuts henry waxman (doesn�t he look like a hedgehog or some other rodent) the lying fraud talked endlessly about while republicans were at the helm, yet nothing�no prosecutions�the frauds who stole that money should put same in the failed �stimulus fraud pot��at the least, etc.].�� An analyst previously said 2011-2014 earliest for bottoming at best. Another analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. �[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society.�

 

EMBRACE THE BEAR By Rev Shark There is an old saying that in a bear market, we slide down the slope of hope. Unfortunately, we have seen plenty of good examples of how that works over the past year. We have had dozens of new initiatives to try to bolster the economy that create hope for a few days. The market will get excited and we'll have some big point gains, but then doubts begin to surface about how easily it will be to turn this economic supertanker that is going over a waterfall. The buying stalls out, a few dip-buying attempts are made, but eventually we break support levels and more downside ensues. That is classic bear market action but the standard Wall Street reaction is to not accept it�[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc. - Analyst Andre Egleshion puts the amount at $600+trillion] �INVESTORS AREN'T FOOLED (at least today) By Rev Shark The poor market action today is most likely due to the realization that economic stimulus isn't going to be nearly as simple or easy (or effective) as it sounds. We aren't going to spend our way out of this economic spiral �We'd probably be better off if the government did less rather than more. The great likelihood is that the unintended consequences we suffer will prolong the whole cycle. We have to let some bad businesses and financial institutions fail�

Treasury to rework AIG aid to recoup bonuses��� AIG massive payments to banks stoke bailout rage����� Hearst prints final Seattle PI�� Hearst hopes Web-only Seattle P-I will turn profit���� ��AIG Bonuses Add to Reality of Public Revolt against Wall Street, Federal Reserve �����Bracing for a Bailout Backlash ����Dollar Crisis In The Making ����Think recession�s bad? Try a cataclysm! ������Insurance giant AIG to pay $165 million in bonuses (AP) AP - American International Group is giving its executives tens of millions of dollars in new bonuses even though it received a taxpayer bailout of more than $170 billion dollars.�� AIG plans to disclose CDS counterparties: source���� Chrysler faces July cash crunch even with more aid��� Accounting Rule Changes Creating False Rally in Financials (at Seeking Alpha)���� Cash-hungry U.S. states turn to Web to auction goods���� Bernanke: recession could end in '09 and if his grandmother had wheels she could be a trolley car and as he previously said we could avoid recession though we were already in one which is now a depression with worse yet to come and most assuredly will not end in 2009 except in the b.s. talking points in their dreams (AP)���� Millions in AIG bonuses draw chorus of outrage (AP)��� AIG payments to banks stoke bailout rage���� White House says economy is sound despite 'mess� or stated another way, a sound mess�..riiiiight!'�� SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� ���

(3-13-09) Dow �7,223.9 +53.92 +0.75% To stamp out fraud, no change from suckers� rally worth reporting for second week -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,431.50 +5.40 +0.38% To stamp out fraud, no change from suckers� rally worth reporting for second week -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500� �756.55 +5.81 +0.77% To stamp out fraud, no change from suckers� rally worth reporting for second week -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $47.03� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.96 (reg. gas in LAND OF FRUITS AND NUTS� $2.20 REG./ $2.39 MID-GRADE/ $2.65 PREM./ $2.09 DIESEL)/ GOLD $930.65 [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.23 PLATINUM $1062 / DOLLAR= .77 EURO, 97 YEN, .71 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.89% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Absolutely, Absurdly, Ridiculous! Suckers� bear market rally�� ( Citigroup Inspired Bear Market Suckers� Rally �) to keep the suckers suckered and commission dollars flowing to the frauds on wall street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Regulator: Before Banks Collapsed, They Pleaded With Feds To Let Them Fudge Their Books Ryan Grim | Before financial institutions collapsed, they went to the Financial Accounting Standards Board, pleading for a change in mark-to-market accounting rules so that they can continue to appear to be solvent on their balance sheets and hence, continue to defraud the public as they are now once again trying to do. This says it all!

Why we think this is a (suckers�) bear market rally:

Given that this is Friday the 13th, citing 13 reasons that the bear will continue in spite of this rally seems appropriate.

1. Current P/E: the current 20+ P/E on trailing �as reported earnings� is too high for this set of negative sales, earnings and dividends growth conditions.

2. Forward P/E: the projected 2010 S&P 500 earnings by Standard and Poor�s at about $40 would only support 800 at best (20 P/E), and more likely would support 600 (15 P/E), assuming there was a general recovery under way � before that time, the current market should sell for less than 800, and perhaps less than 600.

3. Earnings: profits are still declining in the aggregate

4. Dividend Yield: banks and other companies continue to cut dividends, reducing stock appeal and putting total return in question until dividends stabilize and begin to grow (historically dividends generated about 1/3 of total return for the S&P 500)

5. Revenue: overall sales are down � declining sales, earnings and dividends are not reasons for bullish markets.

6. World GDP Growth: credible parties (Goldman Sachs, IMF, and noteworthy individuals, such as Nouriel Roubini, predict worsening global economies) � until forecasts for improvements within 12 months or less for the US or world economies become prevalent, the market is unlikely to �anticipate� with a sustainable trend reversal to a bull

7. Government Intervention: the US and global economies are currently highly government policy dependent, and while policies are becoming more clear, they are not all revealed, and there are suggestions more may be needed � the resulting uncertainty warrants low valuation until government policies to �save� and �stimulate� economies are no longer the centerpiece of investor hopes and earnings prospects

8. Real Estate: the US and global real estate asset deflation continues with waves of negative impact on household and institutional wealth � until property prices stabilize, or are believed to be about to stabilize, a new bull market will have difficulty gaining traction.

9. Other Bank Shoes to Drop: the major banks have not yet experienced likely future write-downs associated with non-mortgage asset types, such as credit cards and auto loans.

10. Auto Industry: the fate of GM, Chrysler and the entire supply chain is uncertain with unknown government involvement.

11. LBOs: private equity firms built on leverage may not be able to continue to service and rollover the debt they used to make recent optimistic acquisitions � those debts could be a further burden on the financial sector.

12. Retirees and Pre-Retirees: the 55 and over crowd who control the largest portion of US private assets are not as likely to risk their life accumulations in stocks relative to bonds as they were in the boom times of the last couple of decades � that will delay the onset of a bull and subdue the extent of a bull when it occurs

13. Credit Availability: the credit and leverage availability that helped the US stock market recover from the 2002-2003 bottom is not available at this time to increase household expenditures and corporate capital investment � even the US government may be put on credit rationing by China, which today said it is �worried� about the credit quality of their US Treasury holdings, which has implications about their willingness to support the borrowing our �stimulus� programs require and assume to be available.���� By Richard Shaw

Analyst Andre Egleshion points to continuing effect of credit default swaps and pegs the amount of the worthless, fraudulent (previously sold, commissioned, repackaged, resold, re-commissioned, etc.) securities at $600-$675 TRILLION, their continued effect on money pit AIG, that fed�s received $11.7 trillion since 2008 yet refuses transparency as to where funds spent, who received same, etc., agrees with comment that shockingly no prosecutions yet,� economy re-tooling, need for stiffer regulation, points to historical fact that fiat currencies and private central banks have consistently failed, sees hyperinflation with dollar weakness (printed/created like mad) and higher oil. Hopes for funny assets [in addition to funny money, other fraud, relaxation of rules/laws/enforcement (real asset values) (remember the exemption from RICO garnered by fraudulent wall street-those campaign contributions really pay off, etc.) ], spur suckers� bear market short-covering rally �to keep the suckers suckered and commission dollars flowing to the frauds on wall street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� NOW LISTEN HERE, FOR THIS IS TRUTH!: There is not enough money in the entire world to cover the fraudulent securities foisted/commissioned/distributed/sold by the wall street frauds/perpetrators which if assumed/guaranteed by the u.s. government (don�t forget that social security/medicare are already technically insolvent/bankrupt - all monies/reserves going into the general account and already and continually spent) will only guaranty the insolvency of / worthlessness of the currency of the u.s. treasury. Cost to buy protection against U.S. government default surges�� Frank just said that he wants to prosecute those who�ve caused this crisis�waxman was supposedly doing just that in part� (fog of war fraud-360 tons of $100 dollar bills stolen), etc�. If they don�t do this as said, among others, they should be forced resign as complicit. THERE IS NO MYSTERY HERE; HENCE, NONE SHOULD BE AFRAID TO LOOK, PROSECUTE, AND FORCE DISGORGEMENT!�� �Celente: U.S. Has Entered �The Greatest Depression� ���� Watch for fake reports and continued jawboning/spin/b.s. regarding bailout/stimulus as they are desperate yet remain protective of the criminals who caused the crisis with their fraud in staggering amounts far beyond the substantial scam by madoff ($50 billion) who now audaciously from his $7 million NYC penthouse seeks ownership of same along with $62 million (only in systemically fraudulent america). Why are they not seeking disgorgement from the criminals who benefited from the huge multi-trillion dollar fraud they perpetrated? No one yet has asked tiny tim geithner where the missing $4 trillion at the fed is�Why? Then there�s the $2 trillion in taxpayer money, the destination of which the fed refuses disclosure of�Fed Hides Destination Of $2 Trillion In Bailout Money ��Why? How? This is criminal activity of monumental proportion, yet protected by the bureaucratic complicit frauds (I�ve experienced this directly in my RICO case), damaging lives here and abroad.� Then there�s also the illegal wars, war-profiteering, war crimes, etc., that have bankrupted this nation, killed many innocents, etc., [remember, ie., the 360 tons of hundred dollar bills flown into Iraq that democrats/land of fruits and nuts henry waxman (doesn�t he look like a hedgehog or some other rodent) the lying fraud talked endlessly about while republicans were at the helm, yet nothing�no prosecutions�the frauds who stole that money should put same in the failed �stimulus fraud pot��at the least, etc.].�� An analyst previously said 2011-2014 earliest for bottoming at best. Another analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. �[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society.�

Regulator: Before Banks Collapsed, They Pleaded With Feds To Let Them Fudge Their Books Ryan Grim | Before financial institutions collapsed, they went to the Financial Accounting Standards Board, pleading for a change in mark-to-market accounting rules so that they can continue to appear to be solvent on their balance sheets and hence, continue to defraud the public as they are now once again trying to do.�� Unemployment in 7 States Has Exceeded 20% in February ����China Debates If It Should Continue to Foolish Buy Evermore Worthless U.S. Treasuries �����America faces new Depression misery as financial crisis worsens ������Tent Cities, Unemployment, Homelessness Growing ��������Dmitry Orlov: �America will collapse� ������Warren Buffett's BERKSHIRE HATHAWAY stripped of its 'AAA' credit rating...� THE INFLUENCE/BRIBE/PROTECTION RACKET: New record for number of PACs����� SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!�

 

(3-12-09) Dow �7,170.06 +239.66 +3.46% -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,426.10 +54.46 +3.97% -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500� �750.74 +29.38 +4.07% -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $47.03� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.96 (reg. gas in LAND OF FRUITS AND NUTS� $2.20 REG./ $2.39 MID-GRADE/ $2.65 PREM./ $2.09 DIESEL)/ GOLD $923.90� [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.95 PLATINUM $1055 / DOLLAR= .77 EURO, 97 YEN, .71 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.86% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Absolutely, Absurdly, Ridiculous! The waning full moon still compounding the frivolity of the criminally insane; particularly the lunatic frauds on wall street, and truth be told, the lunatics who follow in lock-step behind them. Suckers� bear market rally���

( Citigroup Inspired Bear Market Suckers� Rally �) to keep the suckers suckered and commission dollars flowing to the frauds on wall street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� There are no bulls or bears on fraudulent wall street, just ostriches. One senile land of fruits and nuts analyst/ broker / master planner of the lost angeles failed paradigm quips with glee: it�s impressive to see the market ignore so much bad news and rally�riiiiight!� Ron Paul, A Rare Voice of Reason on Capital Hill: Culprits Of Financial Collapse Should Be Arrested, Prosecuted, and Disgorgement Of Fraudulent Gains Would Inure to the Benefit of the Technically/Defacto Insolvent/Bankrupt u.s. Treasury in the Multi-Trillions as Recovered (Their greed and fraud has further bankrupted this country and damaged other nations and recoupment of their fraudulent gains must be required as the law already provides since taxpayers are bearing the brunt of government inaction. What they did is not ok. They must pay. This is not difficult to grasp and must be done or there is no hope prospectively for america since all will know of this government fostered/complicit fraud). ��Better-than-expected (but typically fake as per scandal scarred commerce department) retail sales data suggested consumers haven't completely rolled over. February retail sales declined just 0.1%, which is better than the 0.5% decline that was expected. Excluding autos, retail sales increased 0.7%. A decline of 0.1% was expected. Meanwhile, January total sales and sales less autos were revised to show an even larger increase. The upbeat retail sales data comes in the face of ongoing consumer headwinds, such as mounting job losses. Weekly initial claims climbed 9,000 to 654,000, which was worse than expected. Continuing claims jumped nearly 200,000 to 5.32 million, which was also worse than expected (new record). In other economic news, February business inventories declined 1.1%, which is essentially in-line with the consensus estimate...�
��This week's rally got an extra dose of adrenaline after an accounting board told Congress Thursday it may recommend (more fraud as we�re currently experiencing by way of ) a let-up in financial reporting rules for troubled banks in three weeks� Fed reports record fall in household net worth WASHINGTON (AP) -- The net worth of American households fell by the largest amount in more than a half-century of record keeping during the fourth quarter of last year�The Federal Reserve said Thursday that household net worth dropped by a record 9 percent from the level in the third quarter. The decline was the sixth straight quarterly drop in net worth and underscored the battering that U.S. families are undergoing in the midst of a steep recession with unemployment surging and the value of their homes and investments plunging. Net worth represents total assets such as homes and checking accounts minus liabilities like mortgages and credit card debt. Jobless claims rise as retail sales slip WASHINGTON (AP) -- With layoffs spreading, the number of initial claims for jobless benefits rose last week, while the total number of people continuing to receive benefits set a record high, the government said Thursday. The Labor Department reported that first-time requests for unemployment insurance rose to 654,000 from the previous week's upwardly revised figure of 645,000, above analysts' expectations. The number of people receiving benefits for more than a week increased by 193,000 to 5.3 million, the most on records dating back to 1967. That's the sixth time in the past seven weeks that the jobless claims rolls have set a record high�� Analyst Andre Egleshion points to continuing effect of credit default swaps and pegs the amount of the worthless, fraudulent (previously sold, commissioned, repackaged, resold, re-commissioned, etc.) securities at $600-$675 TRILLION, their continued effect on money pit AIG, that fed�s received $11.7 trillion since 2008 yet refuses transparency as to where funds spent, who received same, etc., agrees with comment that shockingly no prosecutions yet,� economy re-tooling, need for stiffer regulation, points to historical fact that fiat currencies and private central banks have consistently failed, sees hyperinflation with dollar weakness (printed/created like mad) and higher oil. Hopes for funny assets [in addition to funny money, other fraud, relaxation of rules/laws/enforcement (real asset values) (remember the exemption from RICO garnered by fraudulent wall street-those campaign contributions really pay off, etc.) ], spur suckers� bear market short-covering rally �to keep the suckers suckered and commission dollars flowing to the frauds on wall street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� NOW LISTEN HERE, FOR THIS IS TRUTH!: There is not enough money in the entire world to cover the fraudulent securities foisted/commissioned/distributed/sold by the wall street frauds/perpetrators which if assumed/guaranteed by the u.s. government (don�t forget that social security/medicare are already technically insolvent/bankrupt - all monies/reserves going into the general account and already and continually spent) will only guaranty the insolvency of / worthlessness of the currency of the u.s. treasury. Cost to buy protection against U.S. government default surges�� Frank just said that he wants to prosecute those who�ve caused this crisis�waxman was supposedly doing just that in part �(fog of war fraud-360 tons of $100 dollar bills stolen), etc�. If they don�t do this as said, among others, they should be forced resign as complicit. THERE IS NO MYSTERY HERE; HENCE, NONE SHOULD BE AFRAID TO LOOK, PROSECUTE, AND FORCE DISGORGEMENT!�� �Celente: U.S. Has Entered �The Greatest Depression� ���� Watch for fake reports and continued jawboning/spin/b.s. regarding bailout/stimulus as they are desperate yet remain protective of the criminals who caused the crisis with their fraud in staggering amounts far beyond the substantial scam by madoff ($50 billion) who now audaciously from his $7 million NYC penthouse seeks ownership of same along with $62 million (only in systemically fraudulent america). Why are they not seeking disgorgement from the criminals who benefited from the huge multi-trillion dollar fraud they perpetrated? No one yet has asked tiny tim geithner where the missing $4 trillion at the fed is�Why? Then there�s the $2 trillion in taxpayer money, the destination of which the fed refuses disclosure of�Fed Hides Destination Of $2 Trillion In Bailout Money ��Why? How? This is criminal activity of monumental proportion, yet protected by the bureaucratic complicit frauds (I�ve experienced this directly in my RICO case), damaging lives here and abroad.� Then there�s also the illegal wars, war-profiteering, war crimes, etc., that have bankrupted this nation, killed many innocents, etc., [remember, ie., the 360 tons of hundred dollar bills flown into Iraq that democrats/land of fruits and nuts henry waxman (doesn�t he look like a hedgehog or some other rodent) the lying fraud talked endlessly about while republicans were at the helm, yet nothing�no prosecutions�the frauds who stole that money should put same in the failed �stimulus fraud pot��at the least, etc.].�� An analyst previously said 2011-2014 earliest for bottoming at best. Another analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. �[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society.�

 

EMBRACE THE BEAR By Rev Shark There is an old saying that in a bear market, we slide down the slope of hope. Unfortunately, we have seen plenty of good examples of how that works over the past year. We have had dozens of new initiatives to try to bolster the economy that create hope for a few days. The market will get excited and we'll have some big point gains, but then doubts begin to surface about how easily it will be to turn this economic supertanker that is going over a waterfall. The buying stalls out, a few dip-buying attempts are made, but eventually we break support levels and more downside ensues. That is classic bear market action but the standard Wall Street reaction is to not accept it�[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc. - Analyst Andre Egleshion puts the amount at $600+trillion] �INVESTORS AREN'T FOOLED (at least today) By Rev Shark The poor market action today is most likely due to the realization that economic stimulus isn't going to be nearly as simple or easy (or effective) as it sounds. We aren't going to spend our way out of this economic spiral �We'd probably be better off if the government did less rather than more. The great likelihood is that the unintended consequences we suffer will prolong the whole cycle. We have to let some bad businesses and financial institutions fail�

Ron Paul, A Rare Voice of Reason on Capital Hill: Culprits Of Financial Collapse Should Be Arrested, Prosecuted, and Forced Disgorgement Of Fraudulent Gains Would Inure to the Benefit of the Technically/Defacto Insolvent/Bankrupt u.s. Treasury in the Multi-Trillions as Recovered -� Compared to them, madoff was a mere piker ���Citigroup Inspired Bear Market Suckers� Rally ����Unemployment in 7 States May Have Exceeded 20% in February ����45 percent of world�s wealth destroyed: Blackstone CEO �����Madoff jailed after pleading guilty to $50-65 billion fraud and telling court: �I am deeply sorry and ashamed of my crimes� �����Newmont CEO sees gold in range of $1,200 �����House prices to drop another 55% and leave Britain bankrupt �����Madoff sent to jail as furious victims applaud (AP)���� Madoff pleads guilty, is jailed for $65 billion fraud���� Don't Sweat Hypernflation Just Yet: Deflation/Depression "In the Cards" for 2009 and Beyond, Shilling Says ������More on Roubini and Shiller's Dour Outlook �����Pelosi dodges chance to end automatic pay raises������ Ron Paul: Culprits Of Financial Collapse Should Be Arrested �����SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!�

 

(3-11-09) Dow �6,930.40 +3.91 +0.06% -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,371.64 +13.36 +0.98% -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500� �721.36 +1.76 +0.24% -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $42.33� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.96 (reg. gas in LAND OF FRUITS AND NUTS� $2.20 REG./ $2.39 MID-GRADE/ $2.65 PREM./ $2.09 DIESEL)/ GOLD $910.70� [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.68 PLATINUM $1058 / DOLLAR= .77 EURO, 96 YEN, .72 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.91% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Absolutely, Absurdly, Ridiculous! Then there�s also the full moon which compounds the frivolity of the criminally insane; particularly the lunatic frauds on wall street, and truth be told, the lunatics who follow in lock-step behind them. Suckers� bear market short-covering rally into the close to keep the suckers suckered and commission dollars flowing to the frauds on wall street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Analyst chatter: Not through the worst of it, the worst (of depression) still ahead, investing in this market is like trying to catch a falling knife. Foreclosures up and spreading as unemployment also rises and will continue to rise.
Freddy lost another $50 billion and wants another $31 billion, while Fanny lost another $60 billion and wants another $15 billion. Hillary Kramer says trading only, in-and-out, so if you can�t, don�t jump into market to try and catch the falling knife. Dividend cuts for 2009 have already surpassed that for all of 2008 at $46.8 billion. Andre Egleshion points to continuing effect of credit default swaps and pegs the amount of the worthless, fraudulent (previously sold, commissioned, repackaged, resold, re-commissioned, etc.) securities at $600-$675 TRILLION, their continued effect on money pit AIG, that fed�s received $11.7 trillion since 2008 yet refuses transparency as to where funds spent, who received same, etc., agrees with comment that shockingly no prosecutions yet,� economy re-tooling, need for stiffer regulation, points to historical fact that fiat currencies and private central banks have consistently failed, sees hyperinflation with dollar weakness (printed/created like mad) and higher oil. Hopes for funny assets [in addition to funny money, other fraud, relaxation of rules/laws/enforcement (real asset values) (remember the exemption from RICO garnered by fraudulent wall street-those campaign contributions really pay off, etc.) ], spur suckers� bear market short-covering rally �to keep the suckers suckered and commission dollars flowing to the frauds on wall street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� NOW LISTEN HERE, FOR THIS IS TRUTH!: There is not enough money in the entire world to cover the fraudulent securities foisted/commissioned/distributed/sold by the wall street frauds/perpetrators which if assumed/guaranteed by the u.s. government (don�t forget that social security/medicare are already technically insolvent/bankrupt - all monies/reserves going into the general account and already and continually spent) will only guaranty the insolvency of / worthlessness of the currency of the u.s. treasury. Cost to buy protection against U.S. government default surges�� Frank just said that he wants to prosecute those who�ve caused this crisis�waxman was supposedly doing just that in part� (fog of war fraud-360 tons of $100 dollar bills stolen), etc�. If they don�t do this as said, among others, they should be forced resign as complicit. THERE IS NO MYSTERY HERE; HENCE, NONE SHOULD BE AFRAID TO LOOK, PROSECUTE, AND FORCE DISGORGEMENT!�� �Celente: U.S. Has Entered �The Greatest Depression� ���� Watch for fake reports and continued jawboning/spin/b.s. regarding bailout/stimulus as they are desperate yet remain protective of the criminals who caused the crisis with their fraud in staggering amounts far beyond the substantial scam by madoff ($50 billion) who now audaciously from his $7 million NYC penthouse seeks ownership of same along with $62 million (only in systemically fraudulent america). Why are they not seeking disgorgement from the criminals who benefited from the huge multi-trillion dollar fraud they perpetrated? No one yet has asked tiny tim geithner where the missing $4 trillion at the fed is�Why? Then there�s the $2 trillion in taxpayer money, the destination of which the fed refuses disclosure of�Fed Hides Destination Of $2 Trillion In Bailout Money ��Why? How? This is criminal activity of monumental proportion, yet protected by the bureaucratic complicit frauds (I�ve experienced this directly in my RICO case), damaging lives here and abroad.� Then there�s also the illegal wars, war-profiteering, war crimes, etc., that have bankrupted this nation, killed many innocents, etc., [remember, ie., the 360 tons of hundred dollar bills flown into Iraq that democrats/land of fruits and nuts henry waxman (doesn�t he look like a hedgehog or some other rodent) the lying fraud talked endlessly about while republicans were at the helm, yet nothing�no prosecutions�the frauds who stole that money should put same in the failed �stimulus fraud pot��at the least, etc.].�� An analyst previously said 2011-2014 earliest for bottoming at best. Another analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. �[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society.�

EMBRACE THE BEAR By Rev Shark There is an old saying that in a bear market, we slide down the slope of hope. Unfortunately, we have seen plenty of good examples of how that works over the past year. We have had dozens of new initiatives to try to bolster the economy that create hope for a few days. The market will get excited and we'll have some big point gains, but then doubts begin to surface about how easily it will be to turn this economic supertanker that is going over a waterfall. The buying stalls out, a few dip-buying attempts are made, but eventually we break support levels and more downside ensues. That is classic bear market action but the standard Wall Street reaction is to not accept it�[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc. - Analyst Andre Egleshion puts the amount at $600+trillion] �INVESTORS AREN'T FOOLED (at least today) By Rev Shark The poor market action today is most likely due to the realization that economic stimulus isn't going to be nearly as simple or easy (or effective) as it sounds. We aren't going to spend our way out of this economic spiral �We'd probably be better off if the government did less rather than more. The great likelihood is that the unintended consequences we suffer will prolong the whole cycle. We have to let some bad businesses and financial institutions fail�

53% of Americans (and Senator Specter) Think the U.S. Depression is Like the 1930�s ���This is a Depression! For Markets, What they call it does Not Matter ������Billionaire Stanford to take the 5th in fraud case (AP)��� Madoff mysteries remain as he nears guilty plea���� Merrill misled Congress on bonuses o������ Freddie Mac seeks $30.8B in US aid after 4Q loss��� Earnings Growth Estimates: The Bad, the Bad and the Ugly �����Japan's economy shrinks an annualized 12.1% in the fourth quarter������ Dell Cuts Staff Worldwide���� Last year REITs lost 38% - that's a bit worse than the S&P 500��� Credit card delinquencies hit index record�� Thousands Line Up at Indiana Mall for Food Handouts �����The Fed Has Destroyed Your Retirement SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!�

PREVIOUS (3-10-09), yes, indeed, a rally with power of a speeding locomotive based on�.. b.s. talk point with early release of� CITI showing a profit [not counting more writedowns, bad/worthless assets(loans)/securities, expenses, etc.] of $8 billion with receipt of $45 billion (plus loans/guarantees/investments in excess of $100 billion) taxpayer bailout � WOW!�at this rate the treasury will deplete even faster than originally projected. But the math is so simple that elementary school kids with a handle on third grade arithmetic can accomplish the same and hence, can and should replace top management at a much lower price and without delay.�� ��bernanke says regulatory overhaul needed�WASHINGTON (AP) -- The nation's financial rule book must be rewritten to prevent a repeat of the global economic crisis now gripping the United States and other countries, Federal Reserve Chairman Ben Bernanke said Tuesday�Bernanke offered new details on how to bolster mutual funds and a program that insures bank deposits. He also stressed the need for regulators to make sure financial companies have a sufficient capital cushion against potential losses�The Fed chief's remarks come as the Obama administration and Congress are crafting their overhaul strategies. For the administration, critical work will be carried out among global finance officials this weekend in London ahead of next month's meeting of leaders from the world's 20 major economic powers�Madoff's lawyer says client will plead guilty �NEW YORK (AP) -- In a courtroom surprise, it was revealed Tuesday that Bernard Madoff will plead guilty Thursday to securities fraud, perjury and other crimes, knowing that he could face up to 150 years in prison for one of the largest frauds in history�� ��All three major indices registered fresh multiyear closing lows in the prior session, but came rallying back this session to log their best single-session performance by percent in months. The rebound came after Citigroup issued an encouraging update and reports indicated the uptick rule may be reinstated� Rep. Frank stated mark-to-market accounting rules must be improved, but Senator Shelby says any mark-to-market accounting changes should be made by the SEC. The SEC stated it will not seek to suspend such rules (since such would make valuations a fraud)... The stock market's advance was further helped by short-covering. Still, trading volume on the NYSE climbed above 2 billion shares����

Cost to buy protection against U.S. government default surges�� Good News! Economist Sees GDP Down 7% in Q1 and 9.25% Unemployment in 2010 �����Madoff faces life in prison on 11 criminal charges���� Citi's fake profit view, uptick talk drive big rally� ��Roubini: Depression Could Last beyond 36 Months; Dow at 5000...����� United Tech to cut 11,600 jobs���� Why Commodities Prices May Rise, Even In Deflation ���IMF warns of Great Depression, All Nations at risk ����Oil at $50 Looms as OPEC Plans Cut, Keeps to Quota ����53% Say It�s Likely the U.S. Will Enter a Depression Similar to 1930�s even though we�re already in one worse than the 1930�s ����Washington plans for big bank failure ����SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!�

PREVIOUS (3-9-09),
��Despite a rebound by financial stocks and a batch of merger news, the stock market was unable to put together a sustainable advance. Stocks finished with a broad-based loss, a bit above session lows. Uncertainty in foreign indices fueled early losses in the headline indices. Financials were the focal point of the weakness, falling to a loss of 2.2%. The drop was short-lived, though. Financials rallied to a gain of 5.3%, but finished with a gain of 2.5%�� �� Wall Street fell more than 1 percent Monday as uneasiness about the economy eclipsed a bounce in troubled financial stocks and news of a big drug company merger. Stocks rose in the early going but turned lower in a now familiar pattern where short-lived bursts of optimism give way to concerns about the country's economic woes� (in the real world they call that mental illness, lunacy �note the full moon, manic depression/bipolar disorder, etc., or just plain fraudulent wall street )�
World Bank offers dire forecast for world economy ������Depression Dynamic Ensues as Markets Revisit 1930s ��Global Financial Assets Lost $50 Trillion Last Year ���SEC says money manager invented big accounts���� Who got AIG's bailout billions?�� ��The collapse of America is unavoidable� Regulators seize seventh bank in Georgia...��� Kerry: 'Animal House' Party Days Are Over for u.s. government...����� Bank stocks rally despite their insolvency (AP)��� Too big to fail? 5 biggest banks are 'dead men walking' (McClatchy Newspapers) ����[video] Next Dead Dividend (at TheStreet.com)����� Oil at $50 Looms as OPEC Plans Cut, Keeps to Quota ����Too Big Has Failed: KC Fed Prez Says We Need Temporary Nationalization (at Seeking Alpha)���� World Bank says global economy will shrink in 2009 (AP)����� Recession on track to be longest in postwar period (AP)����� Cash In A Mattress? No, Gold In The Closet ���Paulson Was Behind Bailout Martial Law Threat��� Fed Hides Destination Of $2 Trillion In Bailout Money�� �


PREVIOUS (3-6-09),
fudged in a manner most favorable to the frauds (we past these unemployment percentages quite some time ago and they were much worse then and still worse now, etc.), the news remains bleak and reality says even bleaker. Any economist who in discussing this depression mindlessly compares this Greatest Depression to any other contraction without pointing out crucial negative distinguishing characteristics; viz., insurmountable debt, increasingly worthless (Weimar) currency, irrevocable and unrelenting trade/budget deficits, global antipathy (stemming from illegal wars, war crimes, massive securities fraud, etc.), lack of significant manufacturing base, pervasive corruption/theft /plundering/incompetence, etc., cannot be considered a serious economist (just a joker who probably missed the call on recession/depression, etc.). ��Huge layoffs push joblessness toward double digits WASHINGTON (AP) -- Tolling grimly higher, the recession snatched more than 650,000 Americans' jobs for a record third straight month in February as unemployment climbed to a quarter-century peak of 8.1 percent and surged toward even more wrenching double digits.The human carnage from the recession, well into its second year, now stands at 4.4 million lost jobs. Some 12.5 million people are searching for work -- more than the population of the entire state of Pennsylvania. No one seems immune: The jobless rate for college graduates has hit its highest point on record, just like the rate for people lacking high school diplomas� GM shares reach 75-year low amid bankruptcy talk�� The broader market turned in a modest gain, thanks to a late rally effort that overcame steep losses. Initial gains were broad-based as participants began buying in the wake of the February jobs report, which indicated nonfarm payrolls fell 651,000, in-line with expectations, and unemployment climbed more than expected to a 25-year high of 8.1%. Stocks were up as much as 2.4% in what resembled past trends that saw stocks sell off leading up to the monthly jobs report, but then rally in its wake as traders "bought the bad news."

Madoff expected to plead guilty to fraud charges����� How to Spot a Ponzi Con Artist? Follow the Yachts (Time.com)��� U.S. jobless rate hits 25-year high��� Goldman, others get AIG payouts: report����� US Bancorp CEO got pay package valued at $6.8M (AP)��� Huge layoffs push joblessness toward double digits�� AP source: Madoff guilty plea expected next week��� Stocks facing uphill battle; budget, retail sales loom��� $11 Trillion Wipeout: Wall Street's Year-and-a-Half of Dangerous Living ����Economy in 'Free-Fall': Unemployment Rate Surges to 8.1%, Highest in 25 Years ���GM shares reach 75-year low amid bankruptcy talk (AP)�� Fox Admits To Planting Political Brainwashing In Popular TV Shows��� Pelosi Backs Senate Facist Amendment to Censor Talk Radio ���Senate to Give FDIC up to $500 Billion ���Senator Bernie Sanders Slams Fed Boss Ben Bernanke ����Bailout Money - Instead of Being Used to Stabilize the Economy or Even the Bailed-Out Companies - is Just Going to Line the Pockets of the Wealthy ���Taxpayers Furious With Budget Cuts Take Frustration To Streets Of NYC ����AIG �Was Going to Bring Down Europe�: Lawmaker �

� PREVIOUS (3-5-09), Analyst/Economist Chatter: funny money (they�re printing worthless Weimar dollars like mad) and now they�re thinking funny assets (suspending reality based mark-to-market in favor of the failed fraudulent whatever they want so they can foist/spin/defraud which got us to this debacle); more bank takeovers; GM burning cash, bankruptcy probable; Merrill bonuses for jobs poorly done (my direct experience with Merril Lynch brokers was their total incompetence); higher taxes, higher inflation, $3 trillion new u.s. debt, dollar devaluation; more bank takeovers and far worse unemployment.�� �Few economists expect a turnaround in the battered labor market anytime soon with companies laying off thousands of workers weekly�Still, initial requests for unemployment benefits fell to 639,000 from the previous week's figure of 670,000, the Labor Department (fake number) said Thursday. Analysts expected a smaller drop to 650,000�Retailers report sales declines in February�GM concedes in the report filed Thursday that it's on the edge of bankruptcy and won't be able to avoid it unless it gets more government money and successfully executes a huge restructuring plan�Mortgage woes break records again in 4Q. NEW YORK (AP) -- A stunning 48 percent of the nation's homeowners who have a subprime, adjustable-rate mortgage are behind on their payments or in foreclosure, and the rate for homeowners with all mortgage types hit a new record, new data Thursday showed�� �The stock market logged new multiyear lows during the session, and closed at its worst level since the fourth quarter of 1996. Roughly 95% of the companies in the S&P 500 finished with a loss...Though losses were broad-based, financials were dealt the worst blow. The sector fell 9.9% with particular weakness among diversified banks (-16.5%) and other diversified financial services companies (-13.2%). Moody's announced it is reviewing the credit ratings of Bank of America (BAC 3.17, -0.42) and Wells Fargo (WFC 8.12, -1.54) for possible downgrade. Moody's lowered its outlook for JPMorgan Chase (JPM 16.60, -2.70) to negative from stable. Sellers pushed both WFC and JPM shares to new multiyear lows�Fourth quarter nonfarm productivity declined 0.4%, though it was expected to increase 1.2% after the prior reading showed a 3.2% increase. The lower reading was a result of lower economic output in the fourth quarter. Meanwhile, fourth quarter unit labor costs increased 5.7%. Economists expected a 3.8% increase. Factory orders for January fell 1.9% (fake number), which is a less severe drop than the 3.5% decline that was widely expected. The drop in factory orders reflects the retrenchment by businesses in the wake of softer spending�� Now As The Much Greater Depression Progresses ���Dow and S&P hit 12-year lows��� Bernanke Arrogantly Refuses To Disclose Which Banks Took Money ��Treasury secretary's choice for deputy withdraws (only little people pay taxes so take this job and shove it says tiny tim deputy designate) (AP)�� 22 Georgia legislators fail to pay income taxes... ���GM auditors raise doubt on viability���� One in 8 U.S. homeowners late paying or in foreclosure���� Citigroup stock falls below $1 a share (AP)�� ��$$] SVG Swings to a Loss on Markdowns Hits (at The Wall Street Journal Online)���� Why the Fed's TALF Is Bad for America ����Mortgage woes break records again in 4Q (AP)��� Stocks Fall Below 7,000 Again ���Fed Refuses to Release Bank Data, Insists on Secrecy ����


� PREVIOUS (3-4-09), all news decisively worse than expected, fed beige book outlook grim, economist outlook for recovery bleak. Celente: U.S. Has Entered �The Greatest Depression� The spin: china bailout (the frauds on wall street spinning/foolishly banking on china buying more worthless u.s. paper � their domestic needs are substantial and they�re increasing military spending by 15% as well) and high oil price suckers� bear market/short-covering rally to again keep suckers sucked in for their commissions sake. The great red hope! How preposterous! Who would have thunk it!� ��strong gains overseas provided an excuse for buyers to enter the fold and short-sellers to cover their positions. Foreign indices upended their own losing streak after China announced it will add approximately $586 billion to the fiscal spending plan it announced late last year� According to the Fed's Beige Book, the Fed does not expect a significant economic recovery until late 2009 or early 2010 at best (remember, they also said no recession and now we�re in a depression). Meanwhile, the ISM Services Index for February dipped to 41.6% from 42.9%, indicating continued contraction for the services sector. The consensus estimate was pegged at 41.0%. Investors and economists got a glimpse of what may be lurking in the government's February nonfarm payroll report, which is due at the end of the week. According to the latest ADP Employment Report, 697,000 jobs were lost in February. The consensus estimate called for 630,000 job losses�� ��fed survey: economy deteriorated in Jan., Feb. . After a dismal start to 2009, business people see more pain ahead, expecting no improvement in economic conditions till late this year at the earliest. Their pessimism was evident in the Federal Reserve's latest snapshot of business activity nationwide. It showed sharp cutbacks affecting both blue-collar jobs that once churned out construction equipment and white-collar professionals like business consultants and accountants. From factories in Cleveland to high-tech firms in Texas and California, the Fed's beige book reported widespread production declines. Services sector shrank in Feb., 5th straight month�� U.S. private sector cuts 697,000 jobs in February ���FDIC�s Bair Says Insurance Fund Could Be Insolvent This Year ����The Never-Ending Bailout ����They Done Us Wrong: Spending Our Way Into Greater Depression ����Credit concerns pound GE shares in volatile trade��� China hopes, oil's jump, both negatives, end Wall St 5-day rout���� Warren Buffett's 'Fundamental Weakness' �����ETFs Suffer Outflows In February �����Celente: U.S. Has Entered �The Greatest Depression� ��The D-word: The depression has become something worse (AP)�� Obama Must Fire Geithner and Summers ���Gold Industry Officials Warn Of Depression���� Jim Rogers: Bailouts are destroying the US Economy ����Paulson Was Behind Bailout Martial Law Threat��� Fed Hides Destination Of $2 Trillion In Bailout Money�� �PREVIOUS (3-3-09), modest losses relative to reality as bad and worse than expected news just keeps on coming along with suckers bear market/short-covering rallies as here into the close to keep the suckers suckered. Defaults/delinquencies up, home/car sales down� Celente: U.S. Has Entered �The Greatest Depression� � Helicopter ben �bernanke indicated the near-term outlook for the economy remains weak. Economists at Goldman Sachs concur; they expect the U.S. economy will fall 7.0% in the first quarter, according to Dow Jones.� Despite housing stimulus provisions, pending home sales in January declined 7.7%. The consensus estimate called for a 3.5% decline. The data reflect the effects of ongoing job losses, lost wealth, and weak consumer confidence.� Similar forces continue weighing heavily on auto sales. Ford Motor (F 1.81, -0.07) reported February sales in North America fell roughly 48%, which is steeper than the 42% drop that was expected. General Motors (GM 1.99, -0.02) reported February sales sank nearly 53%, exceeding the 45% fall that was widely forecast. Separate reports indicated GM's chief operating officer said that without government funds the company's European unit would run out of cash in the second quarter. Chrysler down 44%��
�������������� ART HOGAN SAY�S �IT�S A TOUGH ONE�� THAT�S A TRUE STATEMENT!

Celente: U.S. Has Entered �The Greatest Depression� ��The D-word: The depression has become something worse (AP)�� Obama Must Fire Geithner and Summers ���Gold Industry Officials Warn Of Depression���� Jim Rogers: Bailouts are destroying the US Economy ���Gold has longest losing streak since October ��U.S. auto sales fall as depression deepens�� Blockbuster seeks debt overhaul, shares halted���� MGM Mirage casino co. says it may default on debt (AP)��� A Banana Republic By 2012? Change for the Worse ����Obama Calls Bush On Troop Withdrawal Plan ���Geithner Says U.S. Financial Rescue �Might Cost More� (maybe he can locate the $4 trillion missing at the fed and use that)��� Pension (substantial funding shortfalls) bombs going off ����Pennsylvania Rep. Rohrer Introduces Tenth Amendment Resolution ������Previous (3-2-09), analyst chatter: one analyst said investors just can�t take (the wall street fraud/bull sh_) it anymore and sees 5,000 on the DOW (too optimistic); another says worst levels not yet seen, but markets functioning�riiiiight�, more bad economic news, dividend cuts; another says the so-called plan changinging everyday, not stimulus but at best stabilization (doomed to fail), unrealistic expectations (that�s realistic), talks funny assets/accounting (that�s what helped get us here-the fraud), a world of hurt, hope for short-covering rallies�sounds like a plan�riiiiight; another who called the crash says worst bear market in history, if priced in gold market has fallen 80% and more decline to come, says stimulus/stabilization good money after bad and recipients with worst management (fraud, etc.) should rather be allowed to fail, treasury bond/dollar bubble, u.s. stocks still overvalued so sell, precious (money) metals and overseas markets better; and finally, mainstream analyst says gold/bonds but no stocks. Dow industrials fall below 7,000; lowest since �97 ���Buffett says economy in shambles losses on derivatives contracts tied to the stock market.�� Banks and economy to keep bears' grip on stocks�� Berkshire reports a 96 percent drop in 4Q profit��� Chart of the Week: GDP Worse than Expected (at Seeking Alpha)�� Time to Bury the Markets ���NYSE Suspends $1 Stock Price Minimum ��Economics of this Depression ���[$$] BofA Executive Got Housing Perks (at The Wall Street Journal Online)�� Madoff seeks to keep NYC penthouse, $62M in assets � Typical kike/jews����� Dow finishes below 7,000 for first time since '97 (AP)��� The D-word: The depression has become something worse (AP)� [$$] At Merrill, Thinning Herd of Carrion (at The Wall Street Journal Online)��� AIG Will Receive More Aid, Bigger Loss...��� NYSE Euronext chief gets 2008 pay valued at $9.2M (AP) ���Asian stock markets tumble on worsening US slump�� �Sources: AIG to get up to $30B more in Fed aid� Moody's lowers ratings on Citi's Japan operations (at MarketWatch)�� Oil falls below $44 on bleak US GDP, AIG news�� States' budget woes will outlast the depression��� israeli media denounced for insulting the Prophet��� Israeli minister calls for assassination of top arab leader justifying action to eliminate/exterminate nazionist israel/israelis for the sake of world peace and justice as��� 8 more civilians die in US drone raid� �������Buffett Says Economy Will Be 'Shambles' in 2009, Likely 'Well Beyond'... �BERKSHIRE has worst year...���� Iran says USA planning 'long-term stay' in Iraq...� Kudlow: Obama Declares War on Investors, Entrepreneurs, Businesses, And More...��� Bankers: Stop trashing us...��� Wall Street slides after CITI-government deal...�� Sets Single-Day Trading Volume...�� STRUGGLING STATES LOOK TO UNORTHODOX TAXES...��� Iran says USA planning 'long-term stay' in Iraq...�� Warren Buffett Speaks: His Worst Year Ever � If you listened to him recently (I warned you not to) you�re down another 20-30% since his government shill/propaganda talk (did he really give away his fortune � maybe he just decided to lose it and bring everyone with him � senile, I say yes) r�� A Banana Republic By 2012? Change for the Worse �Previous (2-27-09), modest losses relative to reality including news much worse than expected: �The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into depression. The report released Friday showed the economy sinking much faster than the 3.8 percent annualized drop for the October-December quarter first estimated last month which rallied stocks significantly to keep suckers suckered and commission dollars flowing. It also was considerably weaker than the 5.4 percent annualized decline economists expected�. �Economic data remains gloomy. Fourth quarter GDP was revised lower to reflect an annual rate of -6.2% versus a previously estimated -3.8%. The decrease in fourth quarter activity primarily reflected negative contributions from exports, personal consumption expenditures, equipment and software, and residential fixed investment�. US economy suffers sharp nosedive �Economy moving in reverse faster than predicted�� �Moody�s predicts default rate will exceed peaks hit in Great Depression ���Shares tumble across globe as figures reveal U.S. economy shrank 6% in last quarter - the fastest rate in 25 years ���Regulators close banks in Illinois, Nevada �FDIC Approves �Emergency� Fee on Banks to Bolster Reserves �����Banks and economy to keep bears' grip on stocks���� FDIC raising fees on banks, adds emergency fee (AP)���� AIG talks weigh securitizing life policies�..riiiiight!�: source��� BofA carries loans $44 billion above market value���� Citi, U.S. Reach Accord on a Third Bailout (at The Wall Street Journal Online)��� Tax hikes are coming -- but you already knew that��� Investors await Buffett letter as Berkshire hits 5-1/2 year lows�� Five reasons buying a home in 2009 is a bad idea���� Three Top Economists Agree 2009 Worst Financial Crisis/Depression Since Great Depression; Risks Increase if Right Steps are Not Taken (Business Wire)� WORST MONTH SINCE 1933 ����Paulson Was Behind Bailout Martial Law Threat��� Urban Warfare Drills Linked To Coming Economic Rage� CIA Adds Economy To Threat Updates ���Fed Hides Destination Of $2 Trillion In Bailout Money�� �We Watch Now As Funds Get Vaporized Bob Chapman | Business will go on as usual in Washington and on Wall Street � as corrupt as ever. Moody�s predicts default rate will exceed peaks hit in Great Depression A bigger proportion of non-investment grade companies will go bust in the US and overseas in the coming years than during the Great Depression, according to Moody�s, one of the world�s foremost experts on credit. US economy suffers sharp nosedive BBC | The US economy shrank by 6.2% in the last three months of 2008, official figures have shown, a far sharper fall than had previously been reported. FDIC Approves �Emergency� Fee on Banks to Bolster Reserves Bloomberg | The Federal Deposit Insurance Corp. will charge U.S. banks a one-time assessment and increase other fees to replenish its insurance fund, adding $27 billion in costs to an industry already hobbled by the financial crisis. Citigroup Shares Down 36% | The Treasury, which has provided a total of $45 billion to Citigroup, left the door open for the bank to seek additional government funding. �Previous (2-26-09), Banks lost $26.2 billion last quarter, GM lost $10 billion past month, FDIC problem bank list grows to 252, u.s. broke but $3.5 trillion spending plan and $1.75 trillion budget deficit, etc., �FDIC reported that at the end of the fourth quarter its list of troubled institutions grew to 252 from 171 at the end of the third quarter. The latest data indicated January durable goods orders fell a more-than-expected 5.2%. Excluding transportation, durable goods fell 2.5%, which was also steeper than expected. January new home sales fell more than expected to an annualized rate of 309,000 units, which is a record low. Jobless claims continue to rise beyond expectations. Initial claims climbed 36,000 to 667,000 from the prior week. Continuing claims came in just below 5.03 million, up from nearly 5.00 million in the prior reading�. �Americans receiving unemployment top 5 million�� Fannie Mae seeks $15.2B in US aid after 4Q loss��� $1.75T Deficit, Higher Taxes, "Bogus" Stimulus���� Obama�s Stimulus Bill is a Banker Contrived Debt Scam ���Obama�s War Machine Needs $800 Billion For 2009 ���A $1.75 TRILLION DEFICIT...� ��Small Businesses To Suffer From Obama�s Tax Hike ���Obama�s Budget: Almost $1 Trillion in New Taxes Over Next 10 yrs, Starting 2011 �ETF Advisers: Sell Into Market's Rally ���Paulson Was Behind Bailout Martial Law Threat��� Urban Warfare Drills Linked To Coming Economic Rage� CIA Adds Economy To Threat Updates ���Fed Hides Destination Of $2 Trillion In Bailout Money�� �US banks post first quarterly loss since 1990...�� Record Government Note Auction; Unprecedented amount of debt...�� More Fraud on Wall Street New York Times | WG Trading Company and Westridge Capital misappropriated funds from state and city pension funds, including Carnegie Mellon University and the University of Pittsburgh.� ���Previous (2-25-09), suckers� bear market/short-covering rally based on bull s**t/jawboning alone and bad news much worse than expected into the close to finish well off more realistic lows, to keep the suckers suckered so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Economic/trends/demographics forecaster/analyst Harry S. Dent says this Great Depression will bottom out (with no cognizable uptick till) early 2020�s, unemployment 14%-17%, 50%-60% decline in real estate values, dollar (and market) crash, etc. (close but no cigar), is realistic and starkly dismal in light of the convergance of major bubbles which are deflating. New b.s. talking point the convertible preferreds (all real analysts know to treat as converted said securities to account for dilution - and quite possibly nationalization), and then the so-called �stress-tests� for banks�riiiiight!�read those flat lines.� Money managers accused of $550 million fraud (Reuters) TARP Said to Be Ripe for Fraud ��Existing U.S. home sales, prices drop in January�� Gannett slashes dividend 90 pct, saving $325M��� ETF Advisers: Sell Into Market's Rally ���Paulson Was Behind Bailout Martial Law Threat��� Urban Warfare Drills Linked To Coming Economic Rage ��Fed Hides Destination Of $2 Trillion In Bailout Money�� U.S. Consumer Confidence Collapsed to Record Low ��The Market Is Not Your Friend ��Bernanke says depression to linger�� Housing Prices in 20 U.S. Cities Fall a Record 18.5% �U.S. Economy: Consumer Confidence In Record Slump�� Ron Paul Grills Bernanke: �You Can�t Reinflate The Bubble� ���Stocks drop as Obama speech and housing data weigh �Gold investors make 120pc return in four months ���Bailout Bank Blows Millions Partying in L.A. �����How Credit Default Swaps Brought Down the World Economy ����Black Swan� Author Sees Trouble Exceeding 1930s ��Majority Of U.S. States Join Sovereignty Movement, Assert 10th Amendment Rights �New World Liberty | With the economy collapsing, it is a very real and immediate danger that the federal government can turn into a completely criminal and fascist government.� Rahm Emanuel Doesn�t Pay Taxes, So Why Should You? �Kurt Nimmo | Don�t expect Rahm Emanuel, Nancy Pelosi, Tim Geithner, Evan Bayh, and other minions of the elite to pay their �fair share.� After all, taxes are for the little people. �Previous (2-24-09), suckers� bear market/short-covering rally based on bull s**t/jawboning alone and bad news much worse than expected, to keep the suckers suckered so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Helicopter ben, the guy who said no recession even as now we know we were already in one (actually depression) told by handlers to be upbeat (how �bout just beat, burnt out, etc.) delivers still dire but sugar-coated for spin/consumption testimony/b.s.. Severe contraction�as in depression; recession/depression could end by end of year/beginning of 2010 if�and if his grandmother had wheels, she�d be a trolley car. Ridiculous bull s**t that got everyone here in the first place. Analyst chatter: talk about franchise value of banks ruined if nationalized, confidence at all-time low, end of 2010 before any recovery (if at all), orderly process of deleveraging, on defense till trends more believable; another-not there yet as contrarian indicators say otherwise and bearish industry view (newsletters); another- news bad as expected but confidence reading far worse than expected, downward momentum accelerated with occasional relief rallies at best; �Housing Prices in 20 U.S. Cities Fall a Record 18.5% �U.S. Economy: Consumer Confidence In Record Slump �U.S. consumer confidence collapsed this month and home values plunged in December, the latest evidence of a deepening economic slump that will last well into 2010 and beyond.� Analysts: New Era Of Chaos Has Taken Hold A wave of economists, investors and other financial experts issued a series of dire warnings concerning the global financial crisis over the weekend, stating that a new era of chaos has taken hold all over the globe.� Paulson Was Behind Bailout Martial Law Threat��� Urban Warfare Drills Linked To Coming Economic Rage ��Fed Hides Destination Of $2 Trillion In Bailout Money�� U.S. Consumer Confidence Collapsed to Record Low ��The Market Is Not Your Friend ��Bernanke says depression to linger �Get Ready for Mass Retail Closings ���Microsoft says no new cost cuts, shares hit 11-year low� Stanford a cog in the U.S. intelligence dirty money laundering machine ����How the Economy was Lost �����Unemployment (already past 9% in reality) Will Pass 9% This Year: NABE ��SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Previous (2-23-09), even the frauds on wall street who should be prosecuted are not buying the rhetoric/b.s. which is very, very, etc., short on detail, ie., spending money the broke u.s. doesn�t have for bailouts, while cutting the deficit in half in 4 years, etc.,�..riiiiiight! What economists / analysts are saying: Zandi - rapidly eroding economy; analyst � ugly�lots of bull s**t, no specifics/details, not pretty picture, equity holders of financials wiped out prospectively; Financial Times Editor � markets at new lows, nationalize or not (defacto they�re already nationalized), AIG trading at 50 cents has received $80 billion in bailout funds and just records loss of $60 billion, dire; bank analyst � downward pressure on financials particularly as dilution taken into account, write-offs, more capital needed, securitization market down, down, down and more capital necessary for writedowns; analyst � vicious bear, no faith in government plan, dismal! . One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society. �Wall Street slides to 12-year low�� New U.S. stake in Citigroup will not calm realities/doubts� �AIG in talks with U.S. government, sees $60 billion loss: source���� Pinnacle West shares fall on earnings, outlook (AP)��� LaSalle Hotel shares fall on analyst outlook (AP)� �Harley-Davidson shares fall on sales worries / realities (AP) ��Major stock market indexes fall to 1997 levels and much further down to go given realities��� Micron Tech to cut up to 2,000 more jobs in Idaho��� Asian shares slump after Dow hits 1997 low (at MarketWatch)��� The S&P 500's Incredibly Shrinking Market Cap The more they do, the worse it gets �Paulson Was Behind Bailout Martial Law Threat��� Fed Hides Destination Of $2 Trillion In Bailout Money�� The Great �Global Crisis of Maturity� and the New World Order ����World Financial System In A State Of Insolvency �����Urban Warfare Drills Linked To Coming Economic Rage ���Britain faces summer of rage ���Get Ready for Mass Retail Closings ����Yahoo Finance | About 220,000 stores will close this year in America.��� Editorials: Rewriting rules of global finance�� GLOBAL MARKETS-US stocks slide as bear grips harder, oil falls��� BACK TO 1997...�� �State sends $1 food stamp checks to 250,000...���� Obama pledges to slash deficit - after increase...��� Rosy assumptions...��� Philadelphia newspapers' owner files for bankruptcy...��� AIG Seeks More US Funds As Record Loss Looms...��� Advisers readying bankruptcy financing for automakers...���� BANK MESS: HSBC CONSIDERS $20B CASH CALL FROM INVESTORS...� �Sentiment Overview: Pessimists Increase by 18% ��Stocks: Horrible Start to 2008, Worse in 2009 ����Ex-Senate aide charged in Abramoff scandal�� THE FAILED INFLUENCE GAME: Stimulus still aiding K Street�� Swiss party wants to punish USA for UBS bank probe... Developing...�� Japan stocks fall after lender seeks bankruptcy (AP)�� Gov't reportedly mulls dilution, more obfuscation, and more money down the rabbit hole by taking larger stake in Citi (AP)�� RBS prepares to unveil global downsizing plan� Richard Russell: Bear Market Remains in Force ���Summary of Global Investment Returns Yearbook 2009 ���The New Depression - The Lessons of the 1930s ���Markets May be Said to be Oversold (Again), But Decisive Rally Won�t Be Forthcoming as Much Worse and Much More Selling to Come ��Philly newspaper owner files for Chapter 11 (AP)��

�Previous (2-20-09), stocks tumbled around the world, sending the Standard & Poor�s 500 Index to its biggest weekly drop since November, on concern the deepening recession will force banks to seek more government aid. Europe�s Dow Jones Stoxx 600 Index slid to a six-year low, and Japan�s Topix Index declined to the worst level since 1984.� Analysts saying impossible to predict bottom in this dismal scenario, nationalization concerns, not bottomed yet, new bear market lows. Art Hogan says greater than 50% is defacto nationalization anyway and nothing left for shareholders, pricing mechanism for toxic assets problematic along with negative capitalization ratios, new lows in offing, gold for capital preservation along with treasuries and money markets. Nader says depression. There�s no end/bottom in sight. One says 2011-2014 earliest for bottoming at best and that nationalization means politization. One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society. SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� ��Major indexes fall more than 6 percent for week�� The Great Depression has Arrived- Collapsing American Dreams ���Defacto if not dejure nationalization realities hit Citi, BofA�� Soros sees no bottom for world financial "collapse"� Trustee: Some Madoff stock trades were fiction�� Morgan Stanley offers $3 billion broker bonuses, Wells none (Reuters)�� Gold Hits $1,000 ��Ron Paul: Stimulus �Waste of Money� ����The Inconveninent Debt ���Gold Tops $1,000, First Time Since March as Depression Deepens ���Stocks Drop Around the World; Stoxx 600 Falls to 6-Year Low ���Fed Hides Destination Of $2 Trillion In Bailout Money ��The United States was in much better shape, economically, going into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We are in a lot of trouble��More Economists Say Crisis Is Worse Than Great Depression ��Previous (2-18-09), all news much worse than expected as new home starts plunge 17% (-56% year over year), fed/bernanke downgrades economic forecast (rallied stocks when he made same which was bull s**t then as pointed out here) predicting reality of contraction which he says will be protracted, prolonged and increased unemployment (9%) though reality is much worse than they�re once again (falsely) predicting (we�re already significantly past 9% unemployment) and as one economist points out, in an economic freefall. bernanke�s outlook realistically dismal which sentiment is shared by analysts/economists who envision no bottoming until well into 2010 at best because�..this is a DEPRESSION!� Previous (2-19-09), �Initial jobless claims totaled 627,000, topping the 620,000 claims that were expected. Initial claims were unchanged week-over-week, while the four-week moving average moved up to 619,000 from 608,500. Continuing claims reached record highs of 4.99 million. Economists forecast 4.81 million continuing claims. The four-week moving average for continuing claims stands at 4.84 million, up from 4.75 million. Jobless claims were a drag on the January index of leading economic indicators, which increased 0.4%, exceeding the consensus forecast of a 0.1% increase. An increase in the money supply proved to be the main driver lifting the index, but the increased money supply contributes to inflationary concerns. Producer prices, which measure inflation, increased more than expected in January. The January PPI and core PPI were up 0.8% and 0.4%, respectively.� Philly fed manufacturing index at 18 year low. The easiest to forecast leading economic indicator was fudged to the upside, though still marginal,� with said fake number substantially exceeding all private forecasts (stock prices, auto, housing, employment, etc., all down sharply in subject month�..hence, I don�t think so and fake report). Analysts saying stimulus plan not stimulative, specter of bank nationalization (banks insolvent), loss of pricing power across most all industries, and then the plethora of very bad economic/financial data with breakthrough technical bottoms, looking for violent sell-off/capitulation to provide minimal/short-lived bear market rallies, with some ephemeral opportunities among defensive stock plays, ie., whole foods (pricing power), auto parts (refurbishing old cars). One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society. SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Jobless Claims Hit Record High; Inflation Jumps ���Dow falls to 6-year low as banks slide� Wholesale inflation takes biggest jump in 6 months ��Dow Closes at New Bear-Market Low �Dow Theorists spot a bear�� Rising debt will overwhelm Obama�s effort to rescue the economy ���Bank debt trades at distressed levels (at FT.com) �5 million Americans drawing jobless benefits� AP IMPACT: Jobless hit with bank fees on benefits (AP)�� FBI tracks down Texas financier in fraud case (AP)��� FBI finds Allen Stanford in Virginia�� Stanford curried influence in DC: watchdog group�� PC makers' shares fall on worsening demand���� BofA and Citi shares fall on defacto or dejure nationalization near���� GE shares dip to lowest since 1995�� �Feb. could be worst month yet for jobless claims��� Fitch downgrades Marriott on lodging softness (AP)� Fed downgrades economic forecast for this year ���The United States was in much better shape, economically, going into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We are in a lot of trouble��More Economists Say Crisis Is Worse Than Great Depression ��Previous (2-18-09), all news much worse than expected as new home starts plunge 17% (-56% year over year), fed/bernanke downgrades economic forecast (rallied stocks when he made same which was bull s**t then as pointed out here) predicting reality of contraction which he says will be protracted, prolonged and increased unemployment (9%) though reality is much worse than they�re once again (falsely) predicting (we�re already significantly past 9% unemployment) and as one economist points out, in an economic freefall. bernanke�s outlook realistically dismal which sentiment is shared by analysts/economists who envision no bottoming until well into 2010 at best because�..this is a DEPRESSION!

Not Just a Few Bad Apples - Corruption is Systemic in America ���Fed downgrades economic forecast for this year �Fed says US economy will get worse in 2009�� Bernanke cuts growth view, considers inflation target �Hundreds seek their money as Stanford fallout spreads�� HP cuts full year outlook (Reuters)�� UBS to pay $780M, open secret Swiss bank records��� Billionaire's bank customers denied their deposits��� HP profit slumps 13 pct on weak PC and ink sales�� [$$] Dow ends little-changed amid slew of grim news (at The Wall Street Journal Online)��� The Bull's Case for Buying Gold��� �...starts, permits plunge to new record lows SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

� Previous (2-17-09), modest losses relative to reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Analysts say not very encouraging, market saying stimulus will not work, lots of toxic assets still out their, nothing safe in bear market, oil to $80, gold appropriate hedge against deflation and inflation and deserves spot in portfolios, no turnaround anytime soon, and tough-sledding ahead. ï¿½ï¿½The United States was in much better shape, economically, going into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We are in a lot of trouble��More Economists Say Crisis Is Worse Than Great Depression Joint Chiefs chairman calls fiscal calamity a bigger threat than any war ��GM seeks up to $30B in aid, to cut 47,000 jobs (AP)�� GM and Chrysler seek nearly $22 billion more in aid�� Stocks sink to November lows on depression fears��� U.S. charges Allen Stanford with "massive" fraud��� Reality about expensive, flawed, failed stimulus drag stocks down sharply (AP) ���It�s Getting Ugly: Economist Says Hoard Gold & Scotch Paul Joseph Watson | Williams predicts hyperinflationary depression will mean a $100 dollar bill is worth less than toilet paper.� 65 Trillion - U.S. Financial Obligations Exceed The Entire World�s GDP ��A �Monetary Stalingrad� is on its way to Europe ��Kansas suspends income tax refunds, may miss payroll ���Europe�s economic slump deeper than expected �Total desperation by frauds on wall street. One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. Indeed, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so SELL /SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �GM seeks up to $30B in aid, to cut 47,000 jobs (AP)�� America's Insolvent Banks (at Seeking Alpha)� Gold Jumps to 7-Month High as Investors Seek to Preserve Wealth ���Stocks sink to 3-month lows ���GM and Chrysler seek nearly $22 billion more in aid�� Stocks sink to November lows on depression fears��� U.S. charges Allen Stanford with "massive" fraud��� Reality about expensive, flawed, failed stimulus drag stocks down sharply (AP)�� It�s Getting Ugly: Economist Says Hoard Gold & Scotch Paul Joseph Watson | Williams predicts hyperinflationary depression will mean a $100 dollar bill is worth less than toilet paper.� 65 Trillion - U.S. Financial Obligations Exceed The Entire World�s GDP ��A �Monetary Stalingrad� is on its way to Europe ��Kansas suspends income tax refunds, may miss payroll ���Europe�s economic slump deeper than expected ���WORLD TO STAY IN SLUMP�� Previous(2-13-09), modest losses relative to reality inasmuch as outlook remains bleak with data (though sugar-coated, inflated, false to provide more favorable b.s. talk points) dismal as consumer confidence down sharply ((56.2 vs. 61.2 previous, job losses continue as do earnings declines/losses, bankruptcies, defaults, etc., so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Analysts negative regarding level of uncertainty, skepticism regarding more stimulus/bailout money down the rabbit hole, longer-term considerations of deflation/hyperinflation, and particularly the valuation of assets in any of the bailouts, etc.. Oil inventories high but production cuts will weigh heavily later. [$$] Long-Term Dow Chart Suggests More Downside ��Large U.S. banks on edge of insolvency, experts say ��Regulators close banks in Neb., Fla., Ill., Ore.� GOLD Separating from the US DOLLAR-Banks insolvent ����Another $3T of U.S. Debt: Don't Count on Foreigners to Pay for Our Bailouts �����U.S. auto suppliers seek $18.5 billion in government aid�� How Banks Are Worsening the Foreclosure Crisis ���Stocks fall as investors can't shake economic woes�� Huge stimulus bill only the beginning of the end, substantial investment in Weimar dollar printing presses/operators envisioned: Obama�� Will the stimulus actually stimulate? Economists say no ����This is 1930 all over again and far worse �Federal obligations exceed world GDP...�� Euro Zone Sees Biggest Contraction on Record ���Previous (2-12-09), suckers� bear market rally with 200+ point upswing into the close based on b**l s**t alone on continuing bad news including� increasingly high job loss/unemployment numbers (though vastly understated), unexpected (euphemistic for false) +1% January retail, and leak of yet the new latest, greatest, economic �stimulus�/subsidy, etc., so especially great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! 23% decrease in wealth in u.s. and much further to go. Fed printing worthless Weimar dollars like mad (ultimately, inevitably hyperinflationary)� while treasury securities bubble gets bigger (stay away from treasuries � TIPS/treasury inflation protected securities only). Total desperation by frauds on wall street. One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. Indeed, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. Obama�s Stimulus Not Enough to Avert Biggest GDP Drop Since 1946� Bloomberg | Obama�s stimulus plan will be insufficient to avert the biggest U.S. economic decline since 1946 as consumer spending posts its longest slide on record.� ����Marc Faber: U S will default on debt or enter hyperinflation �YouTube | Mr. Faber predicts the Zimbabwe model for the United States. Home Prices Slide 12%, Most on Record, as Foreclosures Drain Value...�� Deluge of Financial Calamities Looming by Mid-March ��Retail sales rebound, jobless claims stay high�� ABCNEWS: CATERPILLAR CEO contradicts Obama: 'We're going to have more layoffs before we start hiring again'... �Retail sales rise unexpectedly (false report) in January������ Wells Fargo charge boosts fourth quarter loss (Reuters)��� Oh yet another new mortgage plan news is bs purported reason for spurring late suckers bear market stock rally�� The Market and geithner's Empty Suit No Plan ����SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Previous (2-11-09), suckers bear market rally into the close based upon the bailout/stimulus fairy tale. Reality speaks for itself so the following latest news links (job loss/cut anouncements too numerous for inclusion and real numbers/data worse than false/gov�t/shill reports) plus previous 2-10-09 assessment which follows. �WORST ECONOMIC COLLAPSE EVER� �In 2009 were going to see the worst economic collapse ever, the Greatest Depression, says Gerald Celente, U.S. trend forecaster. He believes its going to be very violent in the U.S., including there being a tax revolt.��� This DEPRESSION will last 23-26 YEARS! Government is POWERLESS! �We are facing a Depression that will last 23-26 years. The response of government is going to seal our fate because they cannot learn from the past and will make the same mistakes that every politician has made before them.� ���Economic Rescue Plan: More Debt, More Dollar Devaluation And More Government ����Larry Summers: Fox Guarding The Henhouse ���COMEX Crash To Send Gold To $3,000 ���Gold jumps 3 pct to 6-1/2 mth high on risk aversion ���Highest Unemployment in Three Decades ���Economic Rescue Plan: More Debt, More Dollar Devaluation And More Government ���PAPER: European banks sitting on $24 trillion of toxic assets... The Day After: Stocks Struggle to Overcome Geithner's Stumble, RIM's Warning���� Why Americans Should Care More About the $2-$5T Bailout vs. the $789B Stimulus ��Ireland to take control of banks...�� Popular Rage Grows as Global Crisis Worsens �Previously (2-10-09) only modest drop relative to reality as pointed out by analyst Frank Cochrane who looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. There seems near unanimity by astute people in the know that timothy (only the little people pay taxes) geithner is just not up to the job. Indeed, his apparent Freudian slip �arrest it� must have been a manifestation of his guilt for purposely evading taxes [he still after audit and before confirmation has not paid the taxes he asserted as time-barred for collection (should have been arrested)], and then there�s the $4 trillion missing at the New York fed (and hence his prospective arrest), and now even more obfuscation with regard to taxpayer funds (possible future arrest?). A career bureaucrat, one economist/analyst points out that tiny tim geithner is not an economist and his so-called plan is without a plan yet we�re now talking in trillions. Helicopter ben bernanke paints realistically bleak outlook [though rosier than reality The Economist, a Widely Respected and Authoritative Financial/Economic Publication: U.S. In Depression, Not Recession �����Video: Crash Will be Worse than Great Depression ��Great Recession/Depression of 2008, et seq., Worse Than All Others� IMF warns of Great Depression ��Stocks Could Drop 20%, No Safe Haven: Dr. Reality ���Celente Correctly Predicts Revolution, Food Riots, Tax Rebellions By 2012 �Former chief economist: U.S. in a depression ��Merrill Lynch�s Chief Economist: We�re Already In a Depression �Ray Dalio: A Long and Painful Depression - Barron's Interview���� ���Trendsresearch.com forecast for 2009� , job losses like mad, and don�t believe the understated unemployment rates] seems flustered, impotent but really should allow alan greenspan his due for the current debacle. How about charging, arresting, and prosecuting the perpetrators of the massive fraud instead of using taxpayer funds to bail them out (especially since they�re now buying the fraudulent, worthless securities as well as talking funny books � they already have the funny money being printed like mad). Especially great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� .� UBS cuts jobs after fourth-quarter loss (Reuters)����� UBS to slash more jobs after reporting $7 billion loss�� Blue Chip poll cuts forecast for second half 2009 (Reuters)� GM cuts 10000 salaried jobs, trims employees' pay��� Sirius preparing possible bankruptcy filing: report��� Stocks sink over 4 percent on bank plan apprehension����� �U.S. offers $2 trillion bank plan but stocks slump���� GE transport unit to cut or furlough 1,550 workers��� Asia stocks fall amid skepticism over US bank plan (AP)��� $3 trillion! � Senate, Fed, Treasury attack crisis�� [$$] Foreclosure 'Tsunami' Hits Mortgage-Servicing Firms (at The Wall Street Journal Online)� Senate Passes $819 Billion Economic Stimulus Bill ����Bernanke Begins �Thorough Review� of Fed Disclosure ����Stocks Tumble as Bailout Plan Is Unveiled ��Previous (2-9-09), suckers� bear market/short-covering rally into the close to end mixed based on continuing bad news including� new job cuts/losses including 20,000 from Nissan, etc., so still great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Barron�s: Economist/analyst says depression has long way to go and lot�s of prospective pain Ray Dalio: A Long and Painful Depression - Barron's Interview �. Analysts talk up adage, �buy on rumor, sell on news� regarding ie., bailouts, bailouts, bailouts, with money they don�t have as total now approaches $9.7 trillion (printing those worthless Weimar dollars like mad, ultimately/inevitably hyperinflationary), buy gold on dips; short-covering rally via irrational exuberance induced bailout news, downside volatility, dilution (stock issued will dilute EPS), stimulus won�t work, lottery stocks (financials) based on short-term blips based on b.s./bailout news alone.� Ray Dalio: A Long and Painful Depression - Barron's Interview���� Financial plan won't include "bad bank": TV����� One in eight lenders may fail, RBC says��� One Scary Unemployment Chart ����Bring back the guillotine� for bankers ��Geithner says G7 should act �promptly� on economy ��We�re moving close to �a bailout-based economy� ���Protectionism, unemployment and riots as the global slump deepens ���Obama�s Change: Expanding the Power of the NSC and Shadow Government ������Fitch cuts BofA ratings (at bizjournals.com)� �House Appropriations Chairman on Stimulus Waste: 'So What'...��� CBO: Stimulus harmful over long haul...�� �LG Elec to cut $2.2 billion costs as recession bites (Reuters)�� Previous (2-6-09), suckers� bear market rally based on especially bad news, viz., �depression-battered employers eliminated 598,000 jobs in January, the most since the end of 1974, bringing unemployment rate to 7.6 percent, the grim figures being further proof that the nation's job climate is deteriorating at an alarming clip with no end in sight.�� Economy so weak oil demand and price down but oil stocks rallied in the alice-in-wonderland fraudulent world of wall street. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so especially great opportunity to SELL/TAKE PROFITS SINCE MUCH, MUCH WORSE TO COME!� ����Real Unemployment Figures Double Those Reported By Labor Department Paul Joseph Watson | 7.6% is actually over 15% - just 9% shy of figure at height of great depression.�� Financial Coup d�Etat �����Rep. Kanjorski: $550 Billion Disappeared in �Electronic Run On the Banks� �U.S. job losses accelerate��� Fed's Yellen sees dynamics similar to Depression��� Regulators close 3 more U.S. banks��� Consumer credit falls more than expected in Dec.�� Peter Schiff: Stimulus Bill Will Lead to �Unmitigated Disaster� ���Nearly 600K jobs lost in Jan.; more pain ahead��� Peter Schiff: Why I'm Right About the Substantial Further Decline and My Critics Are All Wrong ���There is a high chance a majority of the States within the United States of America could file for Chapter 9 bankruptcy. There are currently 46 states with high budget deficits, Arizona being one of them. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� �Previous day�s (2-5-09) news as bad, ie., record level monthly unemployment numbers much worse than expected 626,000, factory orders down, IMF says no breakthrough in stabilizing financial sector, etc., but irrational exuberance on bailout talk and prospect of not only funny money but now funny assets with proposed new accounting rules to hide financial reality (dismal) so great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� U.S. jobless claims surge in latest week to 626,000 ����Parallels With the Great Depression ���Obama Warns of �Catastrophe:� What Happened to �Hope� and �Change?����� NEWS CORP loses $6.4 billion...� ...writedowns ����GE chief warns on USA depression threat...����� Watchdog: Treasury overpaid for bank stocks...��� USA Must Spend Trillions they don�t have to prevent a long-lasting� Depression'...���� GERMAN BANK FIRST LOSS SINCE WWII OWING TO AMERICAN SECURITIES FRAUD DEBACLE; REJECTS STATE AID...��� MCCLATCHY reports loss on newspapers' decline, plans deep cost cuts...��� Treasury in plans for record debt sale...��� Accounting rule change for more cook the books fraud and bailout hopes spur Wall St. rally��� New jobless claims surge to 26-year high��� Auto suppliers seek rescue as crisis deepens�� Art Hogan refers to the prevalence of bailout rhetoric, financials (among others) under pressure because there have been twice as many downside surprises on the earnings front with either no guidance or bad outlook, and cites new trading range for oil at $40 - $50.� Kraft, bank worries knock Wall St; Cisco hit late�� Cisco outlook misses expectations��� The Bad Bank Assets Proposal: Even Worse Than You Imagined��� TIMEWARNER the troubled, horribly managed media company swings to 4Q loss on hefty writedown...�� UBS Boosts �09 Gold Forecast to $1,000 �One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted. Indeed, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. ��Another Prominent Economist Forecasts Depression, Says Gold To Hit $2000 ��Auto sales hit 27-year low��� US auto sales plunge 37 percent to 26-year low��� Motorola's woes pile up in $3.6B quarterly loss��� Disney 1Q profits drop 32 percent; shares slide��� Wells Fargo defends, then cancels Vegas junket��� �Electronic Arts posts wider loss, huge layoffs announced, hurt by charges�� Fed Secretly Lends $2 Trillion to Banksters without Oversight ���JAPAN: �There has never been data this bad for any major economy - even in the great Depression�; �We are literally looking at the unimaginable� ����Obama predicts more bank failures ��California goes broke, halts $3.5 billion in payments �Previous, consumer spending down (-1%), manufacturing activity down, construction spending down 5.1% and much worse than expected. Problems ahead for bonds (currency risk, low yield, etc.) including treasuries (bubble), interest rates prospectively higher, bad real estate market into 2010 as banks play catch up on foreclosed properties, with top end getting hit and weaker rental market to boot.� ��The United States was in much better shape, economically, going into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We are in a lot of trouble��. �Personal bankruptcies soar 33% ���More Economists Say Crisis Is Worse Than Great Depression �Steve Watson | Ominous headlines have prominent analysts spelling out disaster. Macy's cuts 7,000 jobs, slashes dividend� Factory decline, consumer spending drops�� Morgan Stanley plans up to 4 percent in job cuts�� Joint Chiefs chairman calls fiscal calamity a bigger threat than any war ��WALL ST ALREADY DOWN 10% FOR YEAR...� Folding dealers shock car buyers with unpaid liens (AP)� ��GlaxoSmithkline to cut 6,000 jobs: report�� The New Economic Reality �do not think we should be incurring trillions in debt for an ill-conceived or even a properly conceived plan. We cannot spend that much. OUR PROBLEM WAS SPENDING MORE THAN WE MADE SO THE ANSWER CANNOT BE THE GOVERNMENT ALLOWING US TO SPEND MORE THAN WE MAKE. Joseph Stiglitz, a Nobel laureate, can tell you better than me, and he thinks we are asking for major problems.�� Florida, Maryland, Utah Banks Seized Amid Deepening Financial Crisis...�� Worse than the Great Depression ����Charts Predict: Oil May Whip Back up to $100 ���Previous session, 31st u.s. bank to fail, 6th this year, Economy's new plunge is worst in quarter-century (AP) as GDP falls 3.8% defying much worse/higher private/real forecasts/estimates; bad economy, bad economic data, bad real estate market; defensive non-equity investing recommended, ie., short-term bonds, single short ETF hedge funds, etc.. One analyst points out there has been not one prosecution thus far and they should be prosecuted. Indeed, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. GDP sees biggest drop in 27 years� The Ugly Truth: The American Economy is Not Coming Back ����Economy, bank woes drag market to worst January ever� Economy's new plunge is worst in quarter-century��� Stocks' January drop isn't welcome sign for 2009�� [$$] January Was Dow's Worst In 113 Years (at The Wall Street Journal Online)� Economy's new plunge is worst in quarter-century (AP)� Worst January ever for Dow, S&P 500�� US Stocks Drop, Capping Market�s Worst January, on Economy Bloomberg�� US Stocks Off; Financials, Industrials Lead DJIA Under 8000 MarketWatch�� US Economy Will Keep Sliding After Shrinking Most Since 1982�� U.S. Eyes Two-Part Bailout for Banks ����46 Of 50 States Could File Bankruptcy In 2009-2010 �Economic crisis has put the world �on the road to serious social instability� �Gold rallies 2 pct on haven buying, hits euro high ��Worst January on Record for Stocks... Previous session, at least Obama referred to the outrageousness of the wall street perps/frauds who created the crisis, got wealthier in so doing at other peoples expense/damage, received taxpayer bailout funds because of what crimes they did, and now reportedly took huge bonuses ($18 billion) for failed and fraudulent performance; but if he thinks shaming them into better behavior is effective, then he is a fool. One analyst points out there has been not one prosecution thus far and they should be prosecuted. Indeed, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. All bad news: all-time record continuing unemployment claims, durable goods orders down more than expected, new home sales down record levels (-37%), banking system insolvent, long-term treasuy bubble about to burst, DEPRESSION, etc.; December durable goods orders declined 2.6%, marking the fifth straight monthly decline. Excluding transportation, orders were down 3.6%. The drop in both readings was also steeper than expected. In other economic news, December new home sales declined more than expected, falling almost 15% from the prior month. The supply of new homes is at an all-time high of nearly 13 months, based on the pace of current sales. Demand for new homes remains weak as weak labor markets limit buyers. Initial jobless claims for the week ended Jan. 24 increased modestly to 588,000, which exceeded the 575,000 claims expected. Continuing claims climbed to 4.78 million, which is the highest level for continuing claims in 40 years. More Economists Say Crisis Is Worse Than Great Depression �Steve Watson | Ominous headlines have prominent analysts spelling out disaster. Jobless Sheep��� Fed Reserve Fails to Reflate the US Banking System Signs of deepening economic woes slam Wall St.� Americans receiving jobless benefits hits record... ���[$$] Ex-Merrill Executives Got Burned by Madoff (at The Wall Street Journal Online)��� Disney plans 5 pct job cuts at ABC group� US new jobless claims up,continued claims a record Workers receiving unemployment at 25-year high��� Obama calls $18B in Wall Street bonuses 'shameful� � Is that it? Is that all there is? What about illegal as the perpetrators of the massive fraud receive taxpayer bailout funds �for their bonuses.'���� Japanese output falls at record pace���� Ford posts $14.6B 2008 loss, near $6 billion loss for quarter, still won't seek aid��� Merrill Lynch�s Chief Economist: We�re Already In a Depression ���Stocks Could Drop 20%, No Safe Haven: Dr. Reality ���MURDOCH: Crisis Worsening, 'Drastic Action' Needed...�� Stiffed: Why are bailed-out banks helping Pfizer buy Wyeth? Previous, suckers� bear market ralley based on b**l s**t alone, viz., the now fabled big bad wolf bank to eat all the so-called toxic debt at taxpayer expense (for the economy- what a fairy tale),� etc., so especially great opportunity to SELL/SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! All bad news continues: Boeing to cut 10,000 jobs, AOL 700, Starbucks 6,700 , and on and on, the list is long, continues, and is growing, Warning over collapse in capital flows Telegraph | The world economy will shrink this year for the first time since the Second World War, warns the gloomiest forecast yet delivered by a major international institutional.� �MERRILL LYNCH�S CHIEF ECONOMIST: WE�RE ALREADY IN A DEPRESSION ����Stocks Could Drop 20%, No Safe Haven: Dr. Reality ���World growth �worst for 60 years� ��Mass layoffs surge in 2008, continue at rapid pace (AP)�� 'American consumer can no longer act as motor of global economy'... ����Analyst Ciovacco sums it up thusly: �We have seen many of these bailout inspired "feel good" days during the bear market. The market cheered the bailout out of Bear Sterns, only to retrace all the gains while moving to lower lows. When Fannie and Freddie were bailed out by you and me (taxpayers), the market "felt good" only to move on to lower lows and more losses. When AIG was bailout out by - you guessed it, you and me, it was seen as a positive. Stocks went on to make new lows. TARP was hailed by the markets as the answer to all our problems - stocks moved higher in anticipation, then made new lows. When the formerly "big" three were given government loans, the market breathed a sigh of relief - then, you guessed it, moved lower.Here we go again. The �bad bank� is this morning�s feel good story. The futures are higher on �speculation� the government will set up a bad bank. The problem is a familiar one for money managers - we do not know what the rules are and how the "bad bank" will be set up. Will it be good for shareholders in banks? Will it be bad for shareholders in banks? We are not sure because we have no details on the latest bailout, only speculation and a few sound bites. The basic goal of the bad bank according to this morning�s news reports is to "get lending going again". In an overleveraged world, is more credit really the answer? I thought too much credit was the problem�Previous, what are they drinking, smoking, snorting on wall street with suckers� bear market rally on decisively bad news; viz., consumer confidence at lowest level ever recorded (37.7) Consumer Confidence Slides to Record Low in January , 18% plunge in home prices as per highly regarded Case/Shiller Index, Retail Federation gives bad retail outlook, layoffs du jour galore, etc., and even as oil plunged on the bad economic data, oil stocks rallied�riiiiight! What, they worry�hell no�they work for wallstreet/government. They�ll still get their commissions on the way down and maybe stick you with their over-priced dogs as well. Same modus operandi as in January et seq, 2008 when they sucked in the suckers who this time (fool you twice, shame on you) will deserve to be burned for wall street commissions/ compensation/ bonuses� sake as in the year just passed.� The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Bank bailout could cost $4 trillion CEO confidence plunges around the globe� ��Consumer mood at record lows, house prices sag� Corning slashes up to 4,900 jobs to cut costs� �Moody's says could cut GE's triple-A credit rating� Target eliminates positions amid weak sales �Nation's economic mood darkens as more jobs vanish� S&P index shows plunge in November home prices�� Yahoo posts higher profit but outlook weak� Yahoo suffers 4Q loss, but tops analyst views ��IBM quietly cuts thousands of jobs� Economy in free fall in fourth quarter Companies in U.S. to Slash More Jobs, Business Economists Say ���military spending is crippling america ��Previously, wall street frauds� nirvana (commissioning a large incline then decline then suckers� bear market rally into the close incline) at just a program loop, button push, mouse click away based on bull s**t alone and �Little Shop of Horrors�� viz., wall street vegetables clamoring �feed me, feed me� with hopes for taxpayer bailout funds and short-covering bear market rally.. Motek�s experts: One land of fruits and nuts politician too many for a business hour; there will be no further comments relative to Frank Motek�s knx1070am caleefornia business hour inasmuch as the show has become a bit too parochial and limited in scope. 68,000 new job cuts this day alone.� Existing home sales on foreclosures up 6.5% so new home sellers rally�riiiight!...Preposterous!...Leading indicators allegedly up .3%� on increase in money supply (hyperinflationary)�Riiiiight! NY financier arrested in purported $400 million scam Reuters Job-killing depression racks up more layoff victims�� Economy in free fall in fourth quarter ��FANNIE to Seek Up to $16 Billion in Emergency Treasury Aid to Stay Afloat...�� Gloom deepens as 75,000 global jobs go...�� Gold pushes above $900 in buying spree; Yellow metal posts all-time highs in euro and sterling...� Economy in free fall in fourth quarter Previous, mixed finish on relatively light volume defies reality with another near 200 point swing to the upside on suckers� bear market rally into the close to keep suckers suckered on decisively bad news so sell into rallies/strength/take profits/sell while you still can since much, much worse to come. Motek experts: Art Hogan points to volatility, lots of headwinds for market, magnitude of the worse than expected results, doubling underestimated earnings to downside and no guidance indicative of lack of belief in efficacy of stimulus, and lag effect concerning stimulus which will help but not soon enough. Investment analyst says P/E ratios for stocks much too pricey, cite S&P single digits in milder recessions past hence way over-valued at 15 P/E now.� GE profit down 44 percent�� Earnings and depression batter world stocks��� Britain officially slips into recession� ��Schlumberger 4Q tumbles; sees rough year ahead��� Harley to cut 1,100 jobs as 4Q profit falls��� Xerox 4Q profit plunges, misses Wall Street view (AP)�� ����2009 Heralds �A New Age Of Rebellion��� �Geithner's failure to pay taxes completely intentional �������Misguided Spending Will Only Take Us Deeper Into Depression���� Poor earnings, opaque forecasts weigh on stocks (AP)�� Freddie Mac to ask for billions more in funds��� Freddie Mac to ask government for another $30-$35 billion��� Brower Piven Encourages Investors Who Have Losses in Excess of $500,000 From Investment in Bank of America Corporation to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsuit Before the March 23, 2009 (Marketwire)��� Capital One results suggest gloomy 2009 for credit card industry����� Wall Street's culture of entitlement hard to shake���� �The stock market has been bluffing investors for decades. The market's indiscernible jolts have been particularly pronounced and painful in recent months.� Simon Maierhofer�Unprecedented� Job Cuts in Works at World�s Largest Automaker ���[video] Gold Surges ��VIDEO: THE GLOBAL FINANCIAL CRISIS - Montreal Lecture: The Great Depression of the 21st Century ���Motek experts: Discuss new unemployment claims at 589,000 match 26 year high, 4.6 million continuing u.e. claims,� wall street strategist (actually just another wall street fraud) thain at last minutes before BofA bailout/takeover does compensation/bonuses/expenditures and gets axed, all-time low for housing starts with downsides well into 2010, job losses trend to accelerate well into second half 2009. Analyst says near term increased uncertainty, gamble, financials undercapitalized, recommends risk adjusted/barely below investment grade junk bund funds (high ror) and gold mining etf�s while warning long-term treasuries to take a hit. Reporter discusses negative I.T./pc market, spending and job cuts and absence of forward-looking guidance. Worsening signs for Apple with slowdown in pc sales and reliance on retail/pricing. Currency expert says problems serious, gov�t needs to raise $2 trillion, crowd out private sector, increase cost of money, fanny/freddy, government replacing private mortgage lending with negative implications. Frank congratulates Paul Kangus on Nightly Business Report 30 year anniversary where he began his business reporting career.� Just The Early Stages of Economic and Financial Collapse �Jobless claims surge, housing starts tumble �Back In Reds After Economic Data... ��Bank results plummet...�� Angry customer rammed bank with pickup...��� GOOGLE PROFIT SLIPS FOR FIRST TIME...�� MICROSOFT stuns with profit miss, job cuts... �Roubini: Banking System is �Bankrupt�, �Effectively Insolvent�� Previous, wall street frauds� nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away based on bull s**t alone and �Little (wall street) Shop of Horrors�� viz., wall street vegetables clamoring �feed me, feed me� with high (what are they smoking, drinking, snorting) hopes for taxpayer bailout funds and short-covering bear market rally. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Motek�s experts: Analyst/options/speculator talks roller coaster ride on wall street regardless of results, banks still in trouble with dilution via government takeovers, talks lessons�please, give us a break�, then risky strategies, ie., risky bonds into riskier equities as if that isn�t that how we got into the continuing mess. Only-the-little-people-pay-taxes geithner, a co-architect of the current mess said food lines long and getting longer even as he dodges taxes (purposefully�after audit and as currently pending appointment, paid back taxes but scofflawed time-barred taxes owed), while economist says geithner a scofflaw and stimulus just more pork. Geithner was �involved in just about every flawed bailout� of the Bush era (On capital hill they were afraid to ask the question as to where is that missing $4 trillion at he ny federal reserve bank which is defacto complicity) Financial Times editor says dramatic prospective action will be very unpleasant for shareholders. S&P 500 Q408 Earnings Now Expected to Fall 28.2% Royal Bank of Scotland to Record $41 Billion loss, State Street profits down 71%, Bad news across the board as Worst Inauguration Day Drop in Dow Industrial History...� Roubini Predicts U.S. Losses May Reach $3.6 Trillion ���Prominent Economist: Crisis Caused By Government Interventions �Motek�s experts: Land of fruits and nuts actor/entertainer/speculator/sometimes economist Ben Stein [who previously took a page out of GM�s playbook by lambasting Fortune Magazine (you might recall some two decades ago that Fortune warned of GM managerial ineptitude to which GM responded with outrage and withdrew all advertising and revenue to Fortune thereby in retaliation - if only they had listened) for saying caleefornia is number 1, numero uno �.. as prospectively worse real estate market in the nation, the same Ben Stein who poo-pooed Peter Shiff�s correct prediction of market crash, but did correctly state fed policies hyperinflationary, and also just criticized Shiff�s recent prognostication ( he previously had to apologize to Shiff having done wrongly so before- �his criticism of Peter Shiff for warning of this debacle years ago). He throws out a couple of economic terms (demand pull/cost push inflationary terms) to buttress his criticism of Shiff but he�s just out to lunch in citing the absence of demand as militating against Shiff�s inflationary argument since history (and even currently, i.e., zimbabwee) is replete with examples of low demand and or impoverished nations that have over-printed their currencies with hyperinflationary results as will occur in u.s.). Stein should be on the Strip doing stand-up (comedy). He is a joke!] while commenting on the inaugural address (who cares�what do you expect them to say�all talk is cheap in fraudulent america particularly) says in need of specifics, says because he can�t do taxes geithner doesn�t have to, talks gov�t guarantees on loans except for fraud, bad banks/financials, no bottom. Analyst says things getting worse not better, bad equity ratios, banks not sufficiently capitalized, unemployment/job losses yet to hit so worst to come.� Economist says recession/depression with 500,000 job losses per month, housing/stock declines, bad bank bailouts with taxpayer money bad idea/bad deal, hopes on stimulus. Peter Shiff says they buy on rumor and sell on fact/reality, TARP/government spending the problem, new lows for financials, eventual dollar collapse, bailing out/subsidizing incompetent high paid executives, get out of any assets connected to u.s., buy gold.�� Roubini Predicts U.S. Losses May Reach $3.6 Trillion Bloomberg | U.S. financial losses from the credit crisis may reach $3.6 trillion, suggesting the banking system is effectively insolvent. Prominent Economist: Crisis Caused By Government Interventions Steve Watson | People who created the problem are now in charge. Previously, a big suckers� depression era rally of near 200 points into the close to keep suckers sucked in while churning and earning those commission dollars on decisively bad news (ie., circuit city liquidates/sheds 30,000 jobs, more job cut announcements, manufacturing down 2%, cpi down .7% on lower gas/oil prices but watch for inevitable hyperinflationary effect of worthless Weimar dollars they�re printing like mad, Citigroup -- after suffering a loss of $8.29 billion, its fifth straight quarterly deficit -- is reorganizing into Citicorp and Citi Holdings�what a joke; first will focus on traditional banking around the world, while the second will hold the company's riskier assets and tougher-to-manage ventures; Bank of America slides to 4Q loss; gets more �down the rabbit hole� taxpayer money; how pathetic, unemployment claims at 54,000 for week, 524,000 for prior month, 4.5 million collecting unemployment/64% increase, foreclosures for December up 17%/2nd worst on record and high for ordinarily slow December, etc.), U.S. foreclosure filings in 2008 rose 81% from 2007 �, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Retail sales much worse than expected -2.7% and double (100% worse) expected decline with financial sector usual suspects providing other dose of bad news, along with beige book which cites weakness in all districts. Job cuts, job cuts, job cuts, and Jobs cut work schedule with medical leave till June, 2009. Oil inventories up however since economy is so bad demand has substantially weakened. What usually either way would have derailed prospective nominees in past, viz., illegal nannies, failure to pay taxes, etc., has rallied defense of geithner� TAX MESS: Panel delays hearing on Obama's Treasury choice... ,� the new york fed man ( Fed Mob Boss Geithner�s Confirmation Sidelined �- too n.y. jewish to fail or be held accountable, in fairness there�s also trump and alito, and bush and clinton, etc., all of whom seem impervious to the laws and rules of civilized governance; owe, oh! how the mighty have fallen, including meaningfully lawless america). Given the state of the nation, who can rationally defend those experienced with having caused the crisis in the first instance (there is the matter of course of campaign finance bribery). HOW ABOUT ASKING GEITHNER ABOUT THE MISSING $4 TRILLION AT N.Y. FED BANK, WHO STOLE IT, ETC., AS A PRE-CONDITION TO HIM EVEN BEING CONSIDERED! THROW THEM, THE FED, WALL STREET FRAUDS, ETC., IN GITMO; THEY�RE CERTAINLY ECONOMIC TERRORISTS, FRAUDS, THIEVES WHO�VE DONE FAR GREATER DAMAGE TO AMERICA THAN ALL AMERICA�S ENEMIES COMBINED. Typical wall street jew madoff will just have to suffer his bail days in his $7.5 million n.y. penthouse apartment. �$700-Billion Bailout Lacks Transparency, Accountability, Congressional Panel Says �Motek�s (Frank still out but returns on Monday, but will his program still be there after decimating week) experts: Senile Wedbush from the land of fruits and nuts to his credit refers to the extent financial scenario by the �D� for Depression word (he very well may have been around to have experienced the first Great Depression) and borrows refrain from old Springfield song of � Wishin� and Hopin� ��riiiight�Start your own company, ie., apple stands (candy, caramel, or plain); land of fruits and nuts better stick with a taco or tamale stand; hot dog stands�riiiiight! (Previous) Hugh Johnson says earnings recession and lots of going out of business signs. Retail analyst says lots of bankruptcy filings and store closures particularly in select regional/female apparel/jewelry. Hugh Johnson, analyst, says Alcoa much worse than expected a wake up call, earnings below expectations, widespread downturn but much more difficult to forecast than ever (welcomed obfuscation so they can talk the talk and sucker you), oil speculators still in play, bailouts old news but enormous deficits/problems therefrom. Investors Business Daily editor, spend and cut taxes, TARP money not enough, $485.2 record deficit, deficits will continue to grow, will catch up to u.s.,� long term better�riiiiight�how �bout in long term as per keynes we�ll all be dead�if you�d have listened to equities oriented IBD you�d probably be broke by now even if you were as they seem to presume a trader.� Analyst Gabriel Isdumb says eventually things will be better�yeah�riiiiight!�right after the depression has run it�s course. Autonation expert says the worst conditions he�s ever seen which he further describes as appalling. All news bad and worse than expected (ie., Alcoa, Citi which received $45 billion in bailout funds and lost $20 billion, etc.). Former chief economist: U.S. in a depression ���The U.S. Economy is being Marched to the Gallows �Andrew Hughes | Predictions of hyperinflation, dollar decline and civil unrest. No Brainer: Bankster Bailout is Unconstitutional �Kurt Nimmo | A world system of financial control in private hands will begin the process of delivering feudalism to the American people. The Economy Is in a Depression �The economy contracted at about a 5% annual rate in the fourth quarter. Bank of America to receive additional $20 billion �International Herald Tribune | The second lifeline brings the government�s total stake in Bank of America to $45 billion and makes it the bank�s largest shareholder, with a stake of about 6 percent. Counterfeiting? Bank of England able to print money without having legally to declare it �Bank of America to Get Billions More From Treasury �Washington Post | The Treasury Department plans to invest billions of dollars in Bank of America to help the company absorb troubled investment bank Merrill Lynch. Citigroup -- after suffering a loss of $8.29 billion, its fifth straight quarterly deficit -- is reorganizing into Citicorp and Citi Holdings. The first will focus on traditional banking around the world, while the second will hold the company's riskier assets and tougher-to-manage ventures. Bank of America slides to 4Q loss; gets more �down the rabbit hole� taxpayer money.�� Bernanke: U.S. Financial Crisis Worse than Japan�s Lost Decade, but We�ll Still Copy the Japanese Playbook, Even Though It Didn�t Work ��Nortel files for bankruptcy, shares plunge , (Reuters) ���$700-Billion Bailout Lacks Transparency, Accountability, Congressional Panel Says U.S. Retail Sales Decline for a Sixth Month ���Dismal holidays over, but retail outlook still dim� , CITIGROUP Stock Falls Below Critical $5 Level...�� 'Long-term transformation'... ����'Swift decline in America's influence'...���� Stocks tumble as worries grow about banks... ���JPMorgan CEO predicts bleak year: report (Reuters) JPMorgan's chief executive predicts that the financial crisis will worsen this year, in an interview with the Financial Times newspaper published on Thursday. �Sen Dorgan: Federal Reserve Refuses To Identify Recipients Of 2 Trillion In Emergency Loans Throw them, the fed, in gitmo; they�re certainly economic terrorists, frauds, thieves who�ve done far greater damage to america than all america�s enemies combined.� �Our Collapsing Economy According to the Bureau of Labor Statistics, nonfarm payroll employment declined by 3,445,000 from December 2007 through December 2008. Marc Faber: �I Think it Might Be Far Worse [Than the Great Depression] Precisely Because of the Interventions� by the Government The latest edition of Marc Faber�s latest newsletter fell off two separate trucks in my �hood, and I thought the most useful bits were Faber�s observations (honed from many years of seeing the world from Asia) that just because a market has gone down a ton doesn�t mean it can�t go down a great deal further. U.S. Economy May Shrink 1.5% in 2009 as Depression Stymies Fed Economists slashed forecasts for U.S. growth in 2009 and projected Federal Reserve policy makers won�t be able to start raising interest rates until 2010, according to a monthly Bloomberg News survey� Treasury: Deficit hits new record in just 3 months... TREASURY PICK FAILED TO PAY TAXES� �Bond Bubble Looms ��The key here is to stay the course and not to be sucked into the hype; don�t let your eyes deceive you. Printing money non-stop for a year (or longer, I don�t see him stopping any time soon) will have consequences (meaning hyperinflation/worthless dollar, etc.).� Those commerce department job numbers in prior months revised upwards (I warned of the falsity of same even as wall street frauds rallied on the false data).� 2.6 million jobs lost in 2008, worst since 1945. Motek�s experts: Financial analyst says treasuries at 0%, money markets near 0%, so seek companies with pristine balance sheets and dividends, negative doldrums as market (irrationally) shrugs off bad news, no magic wand from new president, cross your fingers and hope�..riiiiight! Economist discusses jobs report, says lagging indicator and rough time, savings up but spending down, weakness through at least first quarter of 2010, lots of pain ahead, real estate prices continue decline through coming year,� -20% to �25% with land of fruits and nuts in worst case scenario. Another economist also discusses continued declines for real estate with land of fruits and nuts in worst case camp, foreclosures a lot higher with peak at 20%, and cites (probable) decade long stagnation as Japan in �90�s.�� US Debt is really 53 Trillion. Can you say Dollar Collapse then Massive Hyperinflation Coming? ���Roubini Joins Faber and Rogers in Saying Bubble in Treasuries Will Likely Burst �Now the U.S. porn industry seeks $5billion bailout ��Citi, Morgan Stanley in brokerage talks; Rubin quits�� $$] Rubin Departs Citi on a Low Note (at The Wall Street Journal Online)� Agency warns on automakers' pension funds: report�� Jobless rate at 16-year high as payrolls plunge��� Job losses hit 2.6 million as layoff pain deepens� Wall Street falls on job woes, Citi��� Stocks slide after rise in unemployment rate (AP)�� Manufacturing slumps at fastest pace since 1981 ��More people collecting unemployment benefits ���Depression more severe than thought: Fed�s Rosengren �����Horrible data and again worse than expected but suckers� bear market rally into the close based on bull s**t and bailouts (with money they don�t have) provides excuse for irrational exuberance and mixed close. Weak retail and unemployment at 26 year high.Motek�s experts: Analyst points to dire warnings across the board while real estate/housing/building analyst says 2009 will be bad year with 20% declines in real estate values as unemployment goes higher while another real estate analyst says not a good time to buy a home. U.S. companies face $409 billion pension deficit: study ��U.S. debt is losing its appeal in China ��LET'S PRINT MORE WORTHLESS MONEY! ���Obama Bets Big on Big Government... �Dems Raise Doubts on Plan... �A worse-than-expected ADP employment report indicated 693,000 jobs were lost in December far above the expected 493,000 and a warning from Intel (INTC 14.44, -0.93) underpinned early weakness with typical suckers� rally into the close to finish off lows. Motek�s experts: Analyst says first 5 days of trading in January, 2009 historically a bad sign, gloomy employment scenario with 693,000 jobs lost in December, economic contraction in major way coupled with poor earnings, 1.2 trillion budget deficit at 6.8% of GDP or worse so tough to make bull case, defensive position, low allocation to equities with high capitalization/consumer staples. Oil analyst points to weak economy/jobs data, absence of leveraged money chasing oil and says $60 oil soon. Economist, part of the corrupt fed team discusses job losses. Final expert discusses demographic trends behind and causative of cycles as 1929, 1968, and now, baby boomers, bleak outlook, economically shot their wad in terms of ability to avoid depression. �Analyst Predicts 40% Unemployment, No Recovery until 2015 ����Bear rally over, the great dying begins in corporate America Wall Street falls sharply on employment realities, realistically bleak corporate outlooks �Budget deficit to hit $1.2 trillion in fiscal 2009� Intel warns second time on quarter� U.S. says Madoff sent diamonds in violation of bail�� Profit warnings, poor job outlook weigh on stocks (AP) �Yes, fed now using the �D� for depression word which means we�re in a depression (after all, they were saying no recession when we were already in one). What are they still drinking, smoking, snorting on wall street with suckers� bear market rally into the close. They�ll still get their commissions on the way down and maybe stick you with their over-priced dogs as well. Same modus operandi as in January et seq, 2008 when they sucked in the suckers who this time (fool you twice, shame on you) will deserve to be burned for wall street commissions/compensation/ bonuses� sake as in the year just passed. Service sector (90% of american economy, viz., bull s**t), factory orders, pending home sales down (worst on record) and much worse than expected. �Some reality: After a short modest rally in the stock markets, lasting at best if at all, 1 to 4 months after Obama is inaugurated as President, people will realize that Obama�s stimulus plan isn�t going to work. Specifically, it will become obvious that we�re in a Great Depression, and that nothing that Bushco or Obamaco did can get us out of it (it may take a while longer for people to realize that what both administrations did actually made the financial crisis much worse).� At that point, the stock market will crash like a waterfall. Mish thinks the crash will leave the S&P at 600. Robert McHugh thinks the crash will drive the S&P to 500 or lower (in McHugh�s worst-case scenario, the S&P could end up at 50). At around the time of the crash, the bubble in long-term treasuries will burst. Retirees and other people who have socked away their money in treasuries will get hit hard. The government itself will start massively buying its own long-term treasuries. Motek�s experts: Art Hogan in straight-shootin� mode (as opposed to wall street shill mode) focuses (but only briefly) on fed�s depression/deflation words, says quite correctly that the focus has been on the cure (ie., bailouts) rather than the illness, lots of badnews, dismal earnings, etc., only slightly better at best in second half (I don�t think so), stay away from consumer discretionary cos., metals higher, market may be higher at year end (not likely), but rocky road till then (and beyond). Financial times editor says shocked by fed�s 0% move, very scary scenario, the specter of depression/deflation looms large, much too much optimism over Obama prospective stimulus plan.� Economy in grip of recession/depression, reports show��� Stocks end higher on hopes for economic rebound��� Alcoa to cut 13 pct of global work force���� The Secular Bear Market Continues �����Willem Buiter warns of massive dollar collapse �����Bank Of England Policymaker Predicts Unprecedented Dollar Collapse ����Car sales plunge heralding bleak 2009 but car stocks rally; construction numbers down but building stocks rally. Will We Have a Good 2009? Not If History Is Any Guide ��Stocks slip on telecom and financials; Apple jumps on �jobs alive� news�riiiiight!� Obama plunges into econ talks, borrows a page from bush economic strategy of spending money you don�t have and cutting taxes, and predicts approval� ��Consumer bankruptcies jumped 33% in 2008 and much worse expected in 2009 including commercial bankruptcies far greater and larger than in 2008�� [$$] Don't Get Too Happy About the New Year ��Check This Graph-Proof we are going into a Great Depression. Notice MASSIVE job losses. Is there really any doubt any longer? �The Economist, a Widely Respected and Authoritative Financial/Economic Publication: U.S. In Depression, Not Recession ��Don�t forget their 2008 talk as now for 2009. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. More dismal news for lunatics on wall street to fraud on: ISM factory utilization index fell to the lowest level in over 28 years. Factories mired in worst slump in 28 years� They�re printing worthless Weimar dollars like mad for the celebrated bailouts, bailouts, bailouts, and stimulus so stimulating. Motek�s experts: First expert talks up superstition, the so called �january effect� saying if positive this month then the worst case scenario is �5% for DOW/S&P for the year, so the frauds on wall street are really shootin� for the moon (lunatics) for the effect, still in recession but bear market rallies not bad but not for buy and hold crowd, dump non-performers, favors medical devices/health care related, disfavors autos/financials. Another expert who scans/digests newsletters says market/newsletter euphoria contra-indicated, new lows are coming, the best funds in 2008 were short or cash. News typically bad: Difficulty tracking and monitoring bailout money�Daaaaah! Understated unemployment numbers still at recession/depression levels (4.65 million); retail correction-bankruptcies, closings, fewer stores. Motek�s experts: Peter Shiff says it�s not the disease but the government cure that will kill us, dire forecast for 2009 and beyond-inflation, companies going out of business, commodity prices higher, world�s largest debtor america is bankrupt, more borrowing/spending their failed prescription, bleak picture for dollar the value of which will be halved and high probability that the decline will be 70-90%, gold higher and $2000 gold in not so distant future, oil much higher and $200 oil in next couple of years, stocks will continue to decline, on the long side he favors quality EU, Asia securities and precious metals particularly monetary metals gold, silver. Oil analyst says oil too cheap, geopolitical factors, (israel war mongering, war crimes, etc.; Russia/Ukraine dispute-cut gas supplies affecting Europe), oil to $60-70 rather quickly, gasoline demand anemic but oil price the factor. It�s time for ben stein to resign himself to just a land of fruits and nuts actor/entertainer/speculator as he lambasts Shiff�s prognostication ( he previously had to apologize to Shiff having done wrongly so before- �his criticism of Peter Shiff for warning of this debacle years ago). He throws out a couple of economic terms (demand pull/cost push inflationary terms) to buttress his criticism of Shiff but he�s just out to lunch in citing the absence of demand as militating against Shiff�s inflationary argument since history (and even currently, i.e., zimbabwee) is replete with examples of low demand and or impoverished nations that have over-printed their currencies with hyperinflationary results as will occur in u.s.). Stein should be on the Strip doing stand-up (comedy). He is a joke! Suckers' bear market rally into the close to keep the suckers suckered on NEWS MUCH WORSE THAN ALREADY DISMAL EXPECTATIONS ACROSS THE BOARD: S&P/Case-Shiller Composite Index, October home prices were down 18% year-over-year, the largest drop on record. According to the U.S. Conference Board, consumer confidence dropped more than expected to an all-time low in December AT 38%. Record number of bankruptcies and particulary hard hit commercial sector in coming year, ie., malls, retail, etc.. Worse stock market declines for the year since 1931 (Great Depression) and worse to come in 2009 despite suckers� bear market rallies to keep you sucked in. Put these wall street frauds in jail and force disgorgement of their fraudulent gains. There are loads of able new grads and job seekers who can take the place of the wall street frauds who caused the crisis owing to their own avarice and continue the coverup to get taxpayer bailout funds. The markets should be efficient and predicated on rational valuation which is totally absent in america�s fraudulent, manipulated markets. Absent prosecution and disgorgement in these ongoing multi-trillion dollar fraud schemes (new ponzi scheme uncovered in addition to madoff, which are just tips of the iceberg of multi-trillion dollar frauds), america will not be worth the paper the worthless Weimar dollars and worthless securities denominated in same are printed on.� Non-Motek expert: markets to fall into 2010 or worse case, later. Motek experts: They discuss dismal news, for year DOW-35%, NASDAQ-42%, S&P-40%, $7-10 trillion in wealth destroyed, second-half inflation from printing worthless Weimar dollars/stagflation; another expert, consumer has collapsed, 2009 will be very tough year for autos; a real estate analyst says 2009 will be a very tough year and hopefully we�ll get through this�..riiiiight!�I don�t think so�Almost one in 10 Floridians are on food stamps ��Online holiday sales fall 3 percent��� Madoff liquidation trustee receives $28M for costs (AP)�� Charlotte, NC, home values post record decline (AP)��� Wrong Great Depression Lessons Will Haunt Equities in 2009 ���73,000 retailers to close in first half of 2009, Stocks Rally� Bloomberg | U.S. retailers face a wave of store closings, bankruptcies and takeovers starting next month as holiday sales are shaping up to be the worst in 40 years�� There�s No Pain-Free Cure for Recession/Depression ���Schiff: Government Interference Only Makes The Problem Worse Paul Joseph Watson | Establishment talking heads still pushing useless and destructive bailout.�� A Ponzi Scheme Within A Ponzi Scheme Bob Chapman | Dwarfing the Madoff Ponzi scheme is the Social Security Ponzi scheme that has been looted (the iou�s) and is hopelessly insolvent. This on top of previous suckers' bear market rally into the close with 100+ point swing to the upside to keep the suckers suckered. Time for prosecutions of and disgorgement of ill-gotten multi-trillion dollar gains from the frauds on wall street; madoff is just the tip of the iceberg; all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts so SELL INTO STRENGTH/TAKE PROFITS/SELL! Motek experts: At best, bear market rally, his accounts 20-25% cash, can make bearish argument since still looking at writeoffs, government still must sell bonds to help finance bailouts, municipal bonds troublesome as iou�s might extend maturities, don�t try to catch falling knife in this market but some high quality bonds may offer value, dollar to take hit (they�re printing worthless weimar dollars like mad-hyper-inflationary); Oil expert says overshot to downside and will see turn-around in oil; U.N. Security Council condemns massacre by zionist israel. Pros Say: Employment Collapse is Coming ���Holiday Sales Slump to Force U.S. Store Closings, Bankruptcies �Manufacturing, Home Prices Sank: U.S. Economy Preview �Holiday Sales Tumble as US Consumers Reduce Luxury Purchases� Bleak economic picture emerges from new data Retail Sales Plummet �Holiday Sales Tumble as US Consumers Reduce Luxury Purchases Bleak economic picture emerges from new data The frauds on wall street say they are entitled to the obligatory santa claus rally and attempt to keep you suckered in for their commissions sake with small gains on bull s**t/fraud alone in holiday shortened light trading, but reality says every day the market�s above 2,000-5,000 on the DOW, 1,000-1,300 on the NASDAQ, and 500-600 on the S&P is a �santa clause rally, so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts, with ephemeral short-covering to lock in year-end gains for window dressing and much, much worse to come. Unemployment up more than expected at 26 year high and consumer spending down for fifth month in a row. In their typically corrupt way, scandal-scarred commerce department provides fake data for b.s. talking points far better than private economist estimates but still decline of 1% in durable goods new orders. Oil's slide came in the face of a surprise inventory draw, which suggests stronger-than-expected demand for the commodity as Department of Energy reported that oil inventories for the week ending Dec. 19 decreased by 3.10 million barrels. Analyst: One Third Of Banks To Collapse In 2009 ��U.S. Economy: Home Prices Fall At Depression Pace ��Recession/depression deepens, countries boost spending� Previously, just modest losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse to come. Existing home sales plunged to a rate of 4.49 million last month, down 8.6 percent from October, and worse than economists predicted. Total sales, not calculated as an annual rate, fell 17 percent in November from a year earlier to 322,000, sales of newly built homes fell 2.9 percent from October to a pace of 407,000 units, the slowest rate in nearly 18 years. Madoff investor found dead of suicide. Standard & Poor's lowered the unsecured debt rating of General Motors (GM 3.01, -0.51) to C from CC, even though the government plans to provide GM with financing and Moody's lowered Ford's (F 2.19, -0.40) credit rating to Caa3. Final third quarter GDP data showed economy contracted at an annualized rate of 0.5%, unchanged from the prior reading though personal consumption component was down 3.8%.� Motek�s experts:� actor/speculator/entertainer/sometimes economist Ben Stein takes a page out of GM�s playbook by lambasting Fortune Magazine (you might recall some two decades ago that Fortune warned of GM managerial ineptitude to which GM responded with outrage and withdrew all advertising and revenue to Fortune thereby in retaliation - if only they had listened) for saying caleefornia is number 1, numero uno �.. as prospectively worse real estate market in the nation, the same Ben Stein who poo-pooed Peter Shiff�s correct prediction of market crash, but does correctly state fed policies hyperinflationary; LA economist jumps on the Ben Stein out-to-lunch bandwagon and says only 10%, not� 25% (as consensus predicts), decline for caleefornia�..riiiiight�..take that to the bank; broad donates to MOCA; show biz expert- strike fear; and Shreve of IBD flips yet again-if only we were all traders�but if you had followed his every whim, only the frauds on wall street would have made out with substantial commissions in the ups/downs. IMF warns of Great Depression ��100% chance of depression in US ��Depression Hits Detroit: Average home price $18,513 - Unemployment rate 21% ��U.S. Home Resales Fall; Prices Drop by Record 13.2% ��Congressman: �If We�re Not Very Lucky Or If We Don�t Do Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression� ��World faces �total� financial meltdown: Bank of Spain chief �Previous suckers bear market rally into the close with 150 point swing to the upside based on bull s**t and fraud in the inducement alone to keep the suckers sucked in and commission dollars flowing for modest losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse to come.� Motek�s experts:Economist says economy in full-out recession, aggregate demand down across the board, abusers are not lubrication for economy so should not get bailout, another 25% down for real estate prices as foreclosures also will continue but lower prices will eventually stimulate demand, fed focused now on long-rates, cites housing/finance/consumer debacles and no recovery till at least into 2010 at best (I don�t think so); oil expert says contract now February delivery on expiration of January contract and flood of selling on expiring contract temporarily depressed prices, oil more expensive in future, discusses boom/bust cycle (we�re in the bust part); another cites high redefault rate on modified mortgages and more foreclosures; auto analyst points to Toyota showing first loss since 1941 inception, global downturn with no nation spared, reckoning for 15-20 years of bad decision-making, 2009 very grim, 2010 at best for even minimal improvement (I don�t think so); Online e-commerce expert cites first flat to down year of online retail sales growth; downgrades GM, american Express, Ford, etc.. World faces �total� financial meltdown: Bank of Spain chief �Housing crisis worsens as economy weakens��� Japan recession deepens, China cuts rates��� Great Recession/Depression of 2008, et seq., Worse Than All Others� AP Impact: Wall Street still flying corporate jets; indeed, with all the bashing of auto rank and file employee pay, the reality is that american executives, among the least able, least talented in the world, along with fraudulent wall street are grossly overpaid and far exceeding that of their far more able foreign counterparts (AP) ��Where'd the bailout money go? Shhhh, it's a secret (AP) ��Housing crisis worsens as economy weakens�� Ratings Agencies Play Reality With Multiple Downgrades in Banking Sector (at Seeking Alpha) Previous mixed to modest losses relative to reality so sell into strength/take profits/sell as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts. Motek�s analyst/options expert predicts controlled bankruptcy for at least GM (maybe more), cites Fitch downgrade of GM�s credit/default rating and says GM within weeks of default. Oil analyst cites recession, week demand, over-supply also stating storage facilities full and resorting to offshore tankers to store excess oil. Media analyst says economic model for newspaper/media business broken. Rogers: The Incompetent Senile and Vegetables Have Turned A Recession Into A Depression �He Saw the Crash Coming: What Gary Shilling Sees for 2009 ��Yes, Shilling�s using� the d for depression word so If video unavailable, here for avi rendering �SCROOGE BIDEN: ECONOMY IS 'ABSOLUTELY TANKING' ��Previously, recession/depression level 554,000 new unemployment claims (I�m sure in reality, far worse but still bad) pre-Christmas so wait till the post-Christmas numbers are out � nowhere to hide those but they�ll try. Motek scraping bottom of barrel for second day in a row and comes up with another land-of-fruits-and-nuts man, the senile wedbush who discusses his comrade madeoff with other peoples money, poo-poos the purported amount, says market not doing badly considering the dismal news (at least he is lucid enough to realize dismal - market should be between 2,000 to 5,000 on the DOW, 500-600 on S&P, 1,100 to 1,300 on NASDAQ based upon the dismal but real and probably far worse than reported data) and points to auto scenario, oil plunge, and madoff fraud for doldrums. Oil analyst says pressure on commodities generally, liquidation on expiration of January (2009) oil contracts and liquidation of positions, but February (2009) contracts back to $40+ rather quickly, and points to decreased current and prospective refinery capacity on thin to low margins.� A Most Desperate Move by the Fed ���Dollar�s Slump Erases Months Of Solid Gains ���The Biggest Bubble Of All . . . U.S. Government Debt� �Video: Crash Will be Worse than Great Depression ��Editorial: What ails global financial system �The $50 billion investment fraud to which the respected New York financier and former NASDAQ Chairman Bernard L. Madoff has allegedly confessed, may prove to be the paradigm for all that has gone wrong with the international financial system. It points up the greed, incompetence and woeful wishful thinking that have all combined to produce economic meltdown and plunge the world into recession. Most staggering is the stupidity of both regulators (and government corruption/venality vis-�-vis wall street) and professional investors in failing to spot that for at least a decade, at the heart of his hedge fund operations, Madoff was running a pyramid scheme. This relied on new investment funds to pay out market-beating returns to existing investors�..� THIS IS WALL STREET EVERY DAY WITH THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE OF HUNDREDS OF MILLIONS OF DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND FRAUD! U.S. Records Huge Current Account Deficit ���Fed unleashes greatest bubble of all ���Canadian Prime Minister Stephen Harper believes a depression is COMING ��Peter Schiff new VIDEO on the Coming Collapse Dec 16 ���Swiss gold bullion in huge demand as trust in banks dives ��Goldmine Sachs: Bank�s bonuses cut to a �mere� �142,000 EACH Investment bank /taxpayer bailout funds recipient Goldman Sachs is to pay �4.3billion in bonuses to its City workers.� Dollar Falls Most Against Euro Since 1999 Debut on Fed�s Rate� Dollar Declines to 13-Year Low Against Yen After Fed Rate Cut ���Federal spending soars 25% -- even before bailout...��� Previous, building permits declining 15.6% to a seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined 18.9% from the prior month to an annualized rate of 625,000 units, which was below the consensus of 736,000 and are 47% below the year-ago level, fed desperation (they don�t know what they�re doing � remember their pronouncement -no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits while you can since much, much worse to come. Economist Brusca �the economy is sinking fast�, FOMC states that �data indicate deteriorating labor conditions and declining consumer spending, business investment, and industrial production, and the outlook for economic activity has weakened further�, �F. William Engdahl �The US economy is in a depression free-fall of a scale not seen since the 1930�s�, Kellner cites �helicopter ben� (bernanke), BILLIONS VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs �Survival Panic� for Some in the U.S. Motek Experts: Art Hogan more realistically candid than usual cites all bad news, very difficult times, near term lows but no recovery for economy, hope is that second half of 2009 is better than first half (NOT!), cites lost decade in Japan with 0% interest rates, negative growth through fourth quarter 2009, longest recession (depression) in modern times, market hopefully better in second half of 2009 anticipating better 2010 (NOT!), bottoming of energy/commodities, worth looking at consumer goods/staples focused on what you need versus what you want; economist points to bankruptcies up, housing starts down; Zandi of Moody�s says not getting better but worse, most credit card holders will not benefit from rate cut; currency expert says interest rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher and displacing private sector with prospectively negative results; and finally, Peter Shiff cites fed action as irresponsible, destroying value of money, bear market, money not worth anything, negates any rise in paper dollar-denominated securities (SELL), says buy gold because of u.s. hyperinflation. Previous, news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The �while you can� part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts: �forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report �, forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November� , �forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there�s no real money to pay for same � print/create more worthless Weimar dollars � hyperinflationary Federal Reserve sets stage for Weimar-style Hyperinflation �� even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek�s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan�s immortal words concerning investing by saying as is particularly relevant now, It�s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud' �. How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it�s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase � deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin : U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus today's frothy 879)� There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 ��BILLIONS VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The �while you can� part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts: �forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report �, forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November� , �forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there�s no real money to pay for same � print/create more worthless Weimar dollars � hyperinflationary � even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek�s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan�s immortal words concerning investing by saying as is particularly relevant now, It�s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud' �. How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it�s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase � deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin : U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus today's frothy 879)� There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 ��Previous session, modest decline relative to reality so still great opportunity to sell/take profits since much, much worse to come! All news decisively bad and much worse than expected with trade deficit up 1.1%, dollar down, unemployment claims up 573,000 a 26 year high, 28% increase in foreclosures, bailout recipient BofA to cut 35,000 jobs, many other prospective job cuts announced, economic group changes previous forecast to worse/long recession,� Bernard Madoff arrested over alleged $50 billion fraud Madoff told senior employees of his firm on Wednesday that "it's all just one big lie" and that it was basically, a giant Ponzi scheme (the fraudulent wall street story in a nutshell) , BANK OF AMERICA to cut 35,000 jobs... ,� ...final could be higher ,� Shocking but true claim: Most big banks 'bankrupt'... ,� New unemployment claims surge unexpectedly ��,� Ron Paul: Printing Money Only Prolongs The Pain Amidst the hand-wringing of the automaker bailout debate, Ron Paul took the opportunity on the House floor yesterday to remind Congress that the real culprit behind the financial crisis is the Federal Reserve, and that allowing the Fed to continue to print money without audit will only prolong the pain.� ,� US budget deficit to reach USD 1 trillion �,� Jim Rogers calls most big U.S. banks �bankrupt� �Jim Rogers, one of the world�s most prominent international investors, on Thursday called most of the largest U.S. banks �totally bankrupt,� and said government efforts to fix the sector are wrongheaded. CORRECTED - CORRECTED-(OFFICIAL)-UPDATE - Wells Fargo to take $40 bln Q4 charge ,� German FM criticises Britain�s �crass Keynesian� policies: report ��and read again previous session, forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report �, forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November� , �forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there�s no real money to pay for same � print/create more worthless Weimar dollars � hyperinflationary � even now despite fake reports and worse to come) ,� suckers bear market ralley to keep the suckers sucked in so great opportunity to sell/take profits since much, much worse to come! �This �suckers bear market rally is based on bull s**t alone; namely, now the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase � deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million jobs lost every month: Report ��, �America Has No Means to Recover from a Depression ��(Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin : U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus today's frothy 848)� There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 ��Previous, modest decline relative to reality so still great time to sell/take profits since much, much worse to come.� Wall Street stung by risk-aversion and realistically bleak outlooks� , Point of no return: Interest on T-bills hits zero� ,� Tightening Budgets Mean a Rough Ride for IT� ,� FIRST TIME: Treasury Bills Trade at Negative Rates... �.� Previous, �suckers bear market rally based on bull s**t alone; namely, now the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase � deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million jobs lost every month: Report ��, �America Has No Means to Recover from a Depression ��(Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin : U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus today's frothy 848)� There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 ��Previous suckers� bear market rally on far worse than expected and particularly significant bad news provides great opportunity to sell/take profits, especially considering fraudulent wall street�s previous modus operandi to keep suckers sucked into this market and their commission dollars flowing, suckers� rallies into the close, reassuring rallies prior to weekends as this despite unexpectedly bad news as today, etc., which frauds perpetrated the yet unprosecuted crimes that have created this current financial debacle. Record 1.33 homes in foreclosure,15 year high for unemployment at 6.7% even as many no longer looking with things so depressed and worse to come in �09, record level deficits both trade and particularly budget with money not there being spent with abandon (worthless Weimar dollars being printed created like mad which is and will continue to be hyperinflationary regardless of the current fake reports). Motek has actor/speculator/entertainer/sometimes economist Ben Stein points to loans in foreclosure hitting new records, paulson misconduct, lack of oversight/accontability in bailout funds, and the seriousness of the crisis, but his pointed barbs seem fleeting and is most memorable by his somewhat blind adherence to policy as indicated by his criticism of Peter Shiff for warning of this debacle years ago. Motek�s oil analyst says economy so bad that oil demand down, significant recession in 2009, and hedge funds liquidating positions putting pressure on oil prices. Finally, Motek elicits from Peter Shiff that jobs created are being destroyed as fast, phony jobs, bear market and government making worse by digging deeper hole, phony (worthless Weimar) dollar rally provides opportunity to get out with hyperinflation to come. GREAT OPPORTUNITY TO SELL INTO THIS SUCKERS� BEAR MARKET RALLY/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.� 3 Tell Tale Signs Of This Sucker Rally �, Half-million jobs vanish as economy deteriorates (AP)� , Job losses worst since 1974� Employers cut 533K jobs in Nov., most in 34 years ��, �Late mortgage payments and foreclosures hit record� ,� 1 in 10 homeowners behind on mortgage payments, or in foreclosure...�� ,� Wall St financiers party like there's no tomorrow -- literally� WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? It�s been wall street frauds� nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Previous session, modest declines relative to reality SO STILL GREAT OPPORTUNITY TO SELL INTO SUCKERS� BEAR MARKET RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. CELENTE OF trendsresearch.com, having predicted the Panic of 2008 now preparing current prognostications for 2009 which will bear the consequential follow-up title to the Panic of 2008; namely, The Collapse of 2009, further stating there�s nothing they�ve done or prospectively can do to avoid the complete economic/financial collapse in the u.s., the seeds for which have already been sown, good money after bad notwithstanding, the die having been cast. All business/financial/economic news decisively bad; 26 year high for jobless rolls, orders to factories down sharply, job cuts current and prospective up sharply. Motek expert comments on auto bailout saying no new concesions with UAW cuts merely cosmetic, just down payment on failed business model/scenario, bankruptcy necessary as costs too high, and on economy says nation to go deeper into recession owing to intactable structural problems; i.e., deficits, etc.. Another Motek expert says very negative economic environment, sees deepening of more prolonged recession, discusses risk tolerance in such an environment recommending highest quality debt instruments but does note risk premium in lesser quality instruments. Food stamp use up 17% to 1 in 10 citizens, bankruptcies soaring, and re-default rates on mortgages rising. Employers shedding jobs as recession deepens , AP IMPACT: Some bailout holdings down $9 billion , Governments brace for long crisis ahead , High inventory is killing home builders; industry asks for help , It's Not a Great Time to Get Into Stocks �, Long Term Investors Should Avoid Leveraged ETFs �, Fixing the Enron Economy �, US FEDERAL RESERVE to buy US DEBT? WITH WHAT? ,� Prepare For Depression Level Unemployment �,� Record number of Americans using food stamps: report �,� Whether We End Up Paying For It Through Taxes Or Hyperinflation, It Will Still Come Out Of Our Pockets �,�� Corporate Debt Protection Costs Climb Amid Depression Concern �,� Shoppers ready to call it quits MarketWatch | More than one-third of consumers chose not to shop at all last month, except on Black Friday, according to Britt Beemer of America�s Research Group. Lawsuit claims Citigroup was running a �quasi-Ponzi scheme� �Bloomberg | Citigroup Inc., the second-biggest U.S. bank by assets, was accused in a lawsuit of repackaging unmarketable collateralized debt obligations it held and re-selling them to itself in order to hide its exposure to the securities. WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? Previously, suckers� bear market rally into the close on bad news with wall street frauds� nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad:� A Bleak Outlook: Nov. Job Loss at� 250,000, Economic Weakness ��,� US, China currency clash over worthless american currency... ,� 61% oppose auto bailout ��, Meredith Whitney Sees Plenty of Pain Ahead for Consumers (at BusinessWeek)� ,� Desperate Times, Desperate Policies ) . One non-Motek expert says these suckers� bear market rallies on bad news are at best wishful thinking and not sustainable along with realistically dire outlook. Motek expert says market for speculators/traders and points to volatility index while failing to point out that there are very, very few successful traders. [Close inspection of the data in past times far better than now (now we see insurmountable trade/budget deficits, lack of manufacturing base, global antipathy, etc.) disavows such heavily promoted failed strategies as dollar-cost averaging where stocks prices remain artificially (now fraudulently) high for far longer periods of time than lower prices (MBA Thesis, Albert L. Peia, NYU GBA, 1977), limited exceptions being ie., dollar-cost averaging in declining markets, but only when analysis indicates under-valuation in prospective terms which is certainly isn�t the case now of rampant over-valuation/fraud]. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin : U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus today's frothy 848)� There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 �, Auditors Fault Oversight of Bailout Funds... Previous suckers� bear market rally in the last minutes of the close on bad news with wall street frauds� nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad: GE lowers guidance but maintains dividend ,� November US auto sales drop to 26-year low� , Data signal deep global downturn �Financial Times , US manufacturing hits 26-year low: ISM . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin : U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus today's frothy 848)� There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 �, Auditors Fault Oversight of Bailout Funds... , Governors to Seek Up to $100B in Social Aid...� ,
Feds to expand rescue; reviewing applications from 'hundreds of banks'...
FDIC head: Gov't plan needs 'exit strategy'...� , �Metal prices fall further than during Great Depression... �, they�re printing and spending worthless Weimar dollars and taxpayer funds like mad because they are mad as in crazy, incompetent, etc.. Previous session sees modest drop relative to reality [SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME], particularly when you factor in the reality that the prior 5 day rally of 1,300 points into the last trading week of the month (much like the end of the prior month) based on bull s**t alone was a typical fraudulent wall street programmed trade fraud to window dress the monthly numbers and keep suckers sucked in (and besides, they�ll get their commissions again on the way down). Upon the formal announcement that we�ve been in recession since DECEMBER, 2007 I was waiting for Amy Poehler of SNL Weekend Update to say, �REALLY!� [this site has reported/predicted this (these) debacle (s) for far longer and in advance of same, including this recession/depression]. The protracted reluctance (election year expedience) for some to use the R(ecession) word, spun in the most positive way is to say it is because this scenario is far worse than even would befit the D(epression) word in light of the fact that the u.s. like never before in its relatively short history is broke in every way. If you�ve been suckered, it�s not all your fault inasmuch as the enablers (politicians, economists, financial experts, news/media, etc., in receipt of substantial largesse from and) of these vegetable garden (poison ivy league schools, these �elite� clubs/frats, etc.) products (vegetables who not only have never done anything requiring skills or measurable results, but merely are master bull s**t artists and as in the case of wall street, criminal frauds) are similarly incompetent, corrupt/venal. After all, how are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. Motek�s expert cites retail liquidation prices (none to minimal profits, at best), inevitable GM bankruptcy, fed programs done with money out the door to little or no effect and now talking new programs�riiiiight�or, with rate at 1%, more rate cuts�riiiiight, big shake-out to come, credit-card co�s to pull back $2 trillion to survive what�s coming, retailers with big real estate exposure bust, and market will test lows then break through said lows to the downside. There was in addition to the �recession� announcement more dismal news with construction down 1.2% and the supply/management manufacturing index at 26 year lows. I derive no pleasure in being a harbinger of bad but true news but reiterate SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THESE ARE STILL GREAT OPPORTUNITIES TO SELL/TAKE PROFITS SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin : U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus today's frothy 816)� There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 ��Dow plunges on news recession began in Dec. 2007 (AP) �, Down we go again: Fourth-worst drop ever for Dow� , Recession declared; Wall Street tanks� , Fourth-worst drop ever for Dow AP� as wall street snapped out of its daydream of a rally and once again faced the harsh reality�� Report Concludes Recession Began A Year Ago | But the White House and the corporate media consistently continued to state otherwise. Previous session, this suckers� bear market ralley remains an especially great opportunity to sell/take profits while you still can since much, much worse to come (sell into purported strength which is just more bull s**t for prospective churn and earn fraud � they�ll get those commissions again on the way down) IMF economist says worst of crisis to come: paper� 'Crisis Only Just Beginning': Crisis/Video� Right About the Crash, Peter Schiff Sees Much More Pain Ahead ��and this suckers� bear market rally was based upon nothing related factually to finance/economics/business. How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME. �Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad:� SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME. IMF economist says worst of crisis to come: paper . Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad:� Biggest runnup in stock prices since 1932 and most know what happened to stock prices for over a decade thereafter (and america was not broke in every way as now), Ghost malls cropping up with retail closures/bankruptcies, as predicted by trendsresearch.com [CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be �worse than the great depression.�] , Motek expert from the land of fruits and nuts, the senile wedbush (if you had listened to his prior prognostications/recommendations several months ago said suckers might be wiped out by this day) lauds the bailouts (money u.s. doesn�t really have and taxpayer money the frauds shouldn�t get) and the b.s. talking points thereby but says workout much longer, while retail expert points to liquidation prices (but fails to even mention lack of profits thereby), and poverty now spreading to suburbs. Financial Disaster Will Lead to Civil Disorder in 2009 or 2010, Says Secret Citibank Memo An internal memo from a top Citibank analyst reveals what the banks really think about the global financial situation, and the outlook is grim. Citigroup Should Be Held Accountable Bloomberg Food Prices Will Rise, Causing Export Bans, Riots Bloomberg Rubin Clones and Other Fakers: The Obama �Dream Team� �Citigroup says gold could rise above $2,000 next year as world unravels US debt triggered global crisis �Encouraged by a wicked wizard, Greenspan, Bernanke toils at his Weimar dollar printing press� . Consumer spending down (-1%), consumer sentiment down, durable goods orders down (-6%), home sales/prices down to new lows and high supplies, yet suckers� bear market market rally of 400+ points into the close nostalgically based (which got investors burned in the past) on bull s**t alone (i.e., more bureaucrats on more painels as per President-elect, etc.) and the so-called thanksgiving holiday rally. $600 billion plan to support housing lending ultimately hyperinflationary. New unemployment claims at recession level 529,000 for the week ended Nov. 22 yet unbelievably lower than private economist estimates. October durable goods orders plunged by a larger-than-expected amount, Chicago manufacturing in November contracted the most since 1982 according to a regional survey, and consumer confidence dropped to a 28 year low in November, according to the University of Michigan. One Motek expert in a nearly senile market moment cites pleasant market surprise (reality dictates otherwise) but in a lucid moment concedes lengthy period to work out (substantial) problems, while another expert (currencies) cautions the unintended consequences of� creating/printing/flooding the markets with worthless (Weimar) dollars (a policy choice of inflation over fear of deflation) and the dollar devaluation and ultimately hyperinflationary effects thereof. FDIC Troubled Bank List Grows to 46% - Is Your Bank Safe? (at Seeking Alpha) �, �Consumers cut spending , Stocks on win streak amid more bad economic news ,� Cisco plans 4-day shutdown to cut costs� , October home sales fall sharply (Reuters) . The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain, will continue to remain, and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO GREAT OPPORTUNITY TO SELL/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.� Federal deficit could hit $1 trillion this year� ,�� FDIC's list of 'problem' banks swells to 171 (AP) , Dollar falls on realistically discouraging u.s. economic data (AP)� , Third quarter real GDP was revised to a 0.5% annual rate of decline from a previously reported 0.3% rate which had rallied stocks and, only in the fraudulent world of wall street, rallied stocks again though worse than expected Economy shrinks at fastest pace in seven years, Third quarter personal consumption expenditures were revised to a worse than expected -3.7% from -3.1%, which rallied stocks �.. riiiiight! , �Consumer confidence remains at an extremely depressed state despite fake numbers ,The S&P/Case-Shiller Home Price Index of 20 US cities fell 17.4% year over year � most on record. �����'Crisis Only Just Beginning': Crisis/Video� Right About the Crash, Peter Schiff Sees More Pain Ahead ���Crisis Only Just Beginning': Right About the Crash, Peter Schiff Sees Much More Pain Ahead ��VIDEO� �Previously, from the outset the wall street frauds were again determined to keep the suckers suckered with a near 500 point rally into the close. Existing home sales down 3.1% and much worse than expected. Motek�s expert Peter Shiff correctly points out that the so-called policy-makers, economists, etc., don�t know what they�re doing, that they can�t borrow (or print worthless Weimar dollars) and spend (money they don�t have) their way out of this debacle, that the bailout funds are merely providing undue bonuses/compensation for failed (and fraudulent) performance, that crisis will be exascerbated with (unavoidable) hyperinflation (inevitable thereby owing to crashing/worthless Weimar dollar) and ultimately even deeper/worse/more protracted economic decline, that auto industry is over-paid (especially relative to competition, legacy/pension costs, etc.), and importantly, the government has no money so they either have to borrow or print same which will make the economy much worse. Cost of Bankster Bait and Switch Now $7.4 Trillion �Another expert says quick bankruptcies would have been the preferred course for optimal results, while another emphasizes quite correctly that the so-called experts/team now cheered (wall street frauds� b.s. talking/rallying point) are those whose experience is having created the very problems they are now called upon to solve (hence, cover-ups, etc., but ineffectual). [Good management dictates that a clean sweep was warranted]. Realize that the products of the vegetable gardens (the poison ivy league schools producing these vegetables) are vegetables who not only have never done anything requiring skills or measurable results, but merely are master bull s**t artists and in the case of wall street, criminal frauds enabled thereby. ��Downey Savings taken over by regulators [ Colossal Financial Collapse: The Truth behind the Citigroup Bank �Nationalization� ] over the weekend. Obama�s Economic Foxes To Guard Financial Henhouse Today President elect Obama officially introduces his economic team to the world. What many may fail to recognize however is the fact that those tasked with rescuing the economy are the very people who helped create the financial crisis in the first instance. CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be �worse than the great depression.� Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME. IMF economist says worst of crisis to come: paper . Previous, suckers� bear market rally was based upon nothing whatsoever relevant to finance/economics/business , yet again the wall street frauds were determined to keep the suckers suckered through the weekend with a near 600 point rally into the close. All news was decisively bad Federal regulators shut 2 California thrifts and though looking for a reason to rally, they found none because there are none HU: World economic situation 'grim'... , based on valuation and prospective substantial deterioration in economic conditions exascerbated by their massive fraud; but the invented reason for the suckers� rally was the appointment of Geithner, a quintessential bureaucrat ultimately dependant upon other bureaucrats who are dependant upon the very corrupt monied interests/frauds (and their lobbyists) who created (through their crimes) the current financial crisis. Moreover, as head of the N.Y. Fed he is no stranger to cover-ups/bailouts in light of the missing/unaccounted for $4+ TRILLION at the N.Y. Fed $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed. Renowned economist Mikhail Khazin : U.S. will soon face second �Great Depression�� , Grantham (who called the bubble) posits� 585 on the S&P 500 (versus today's frothy 852)� There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 �The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to sell/take profits while you can since much, much worse to come. Leading economic indicators fall again a more than expected .8%, new claims for unemployment a high more than expected 542,000 while continuing claims at 4,000,000 a 16 year high and more than expected, Philly Fed Index down to a worse than expected �39. Jobless Claims Hit 16-Year High, Above Forecast ��Congress extends jobless benefits; stocks fall 400� World stocks down amid reality of deep recession (AP) CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be �worse than the great depression.� Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come. �Previous session, modest losses relative to reality to keep the suckers� suckered especially in light of grim economic/business/financial news so still great opportunity to sell/take profits while you can since much, much worse to come. Housing starts down a record 38%, building permits down 14.5%, and outlook grim. Motek�s expert discusses 30 reasons for Great Depression 2 by 2011 citing completion of first wave of the meltdown-dot.com bust, second wave-sub-prime debacle, and the on-going climactic financial/economic meltdown pointing to the 42,000 lobbyists, autos, etc., saying they just don�t get it, while another expert analyst says new lows across the board having broken through support levels. Motek�s p.r. expert says auto execs flying to d.c. in private jets to beg for taxpayer money bespeaks their stupidity, and his travel expert discusses the newly value-conscious consumer. Fed sharply lowers forecasts, hints of rate cut which ploy previously sparked b.s. suckers� bear market rallies based upon nothing at all but reality says with only a point to zero and much worse to come is just plain b**l s**t . Deflation: Here, Now I�ve been warning of deflation for some time. Specifically, I predicted 1 1/2 to 2 years of deflation, followed by hyperinflation. Well, deflation is here.�Slush fund� � �Banana Republic� � �Keystone Kops.� Technical Economic Indicators Worsening Again Deflation: Here, Now I�ve been warning of deflation for some time. Specifically, I predicted 1 1/2 to 2 years of deflation, followed by hyperinflation� Previous suckers� bear market rally into the close with 300+ point swing to the upside [wall street frauds� nirvana commissioning a huge decline then a huge incline just a program loop, button push, mouse click away] into the close to keep the suckers suckered as the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to sell/take profits while you can since much, much worse to come. Homebuilder reality-based sentiment index plunges to record low� Economy so bad commodity prices plunge along with PPI. �Grantham (who called the bubble) posits� 585 on the S&P 500 (versus today's frothy 859)� There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Forecasters: U.S. in at least, unrealistically optimistically, minimum 14 month recession� The Great Depression of the 21st Century: Collapse of the Real Economy�� �The Dollar Standard Is Coming To An End� �Financial Crisis Tab Already In The Trillions...� �Busted in Washington �Housing starts expected to hit half-century low ��Washington is Powerless to Stop the Coming Economic Depression ���Whitehead sees slump worse than Depression ��Dollar�s Days Numbered, Buy Commodities: Jim Rogers ���America�s economic crisis is beyond the reach of traditional solutions ��U.S. Retail Sales Drop in October by Most on Record . (Banker Bailout Costs $5 Trillion So Far ), (Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil to $300 Within Months ), (Soros says deep recession inevitable, depression likely ), CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be �worse than the great depression.� Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come. 53,000 layoffs from Citigroup, and many more announced and may more to come from a multitude of companies to yield predicted 8-10% unemployment (conservative-some higher). Motek in a somewhat philosophical mood cites blue chips as cow chips (cow pies, manure, etc.), while his expert joins the metaphysical fray quoting �to save man from his folly is to people the world with fools� and goes on to say everything looking bad, things are not good, how long the deep recession-don�t know, not there yet; while another expert says things have gone from bad to worse.� Indeed, one expert says US To Lose Its �AAA� Rating/face default/bankruptcy,� while Motek�s expert says market poised to test new lows, points to uncertainty regarding bailout equivocation/changes and talks up, in a somewhat borderline senile fashion, some beaten down stocks on theory government will bail them out�riiiiight! Another Motek expert, actor/speculator/economist Ben Stein says hanky panky Paulsen perjured himself before congress and should be prosecuted, points to incompetence regarding bailout saying couldn�t have been handled worse and not mentally up to it.� �One Aspect of the Massive (Securities) Fraud/Fraudulent Wealth Transfer is Aptly Described/Illustrated in this Comment, [how are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved], Renowned economist Mikhail Khazin : U.S. will soon face second �Great Depression�� , Grantham (who called the bubble) posits� 585 on the S&P 500 (versus today's frothy 852)� There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 ��The immortal words of J.P.Morgan remain apposite as � it is not so much the return on the money as it is the return of the money� ,� so sell/take profits while you can and preserve capital. Previously modest losses relative to reality with rally/programmed trades to the upside into the close to finish off substantially lower lows to keep the suckers� suckered despite grim economic/business/financial news so still great opportunity to sell/take profits while you can since much, much worse to come. America is now a nation of bank holding companies (to take advantage of involuntary taxpayer bailouts), paper hanging wall street frauds (it�s the worthless multiplicity of securitized and heavily commissioned worthless paper that is the problem), and brazened ponzi�s (sic) (more, more, and more funds to keep their commission ball rolling) on wall street; and of course, their marks. Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come.�� Previous suckers� bear market rally/programmed trades to the upside into the close to keep the suckers� suckered so still great opportunity to sell/take profits while you can since much, much worse to come, as stocks finish only modestly lower relative to reality on grim economic/business news across the board, viz., b.s. talking point gives way to reality that China stimulus plan lessens availability of funds for the purchase of worthless u.s./dollar denominated securities/assets and may even require sale/redemption of same, GM shares hit 62 year low at $3.36 as analyst says said shares will go to - 0- (nil, with Ford�s shares at $1.93), Motek expert points to employment contraction for 15 months in a row and Conference Board Report regarding said job losses; while another emphasizes the futility of the bailouts which are get worse/larger in reference to what he terms slush funds, the bank tax windfall initiated in the dark of night, things will get progressively worse in the upcoming administration, u.s. spending far beyond means, and rapidly depreciating u.s. dollars and assets; DHL ending u.s. ground ops and 9,500 jobs, Security Pacific the 19th u.s. bank failure, etc., Fed's bailout for AIG swells to more than $150B , Fannie posts $29B 3Q loss, $100B may not be enough , Renowned economist Mikhail Khazin : U.S. will soon face second �Great Depression� , bankruptcies, defaults, foreclosures, hyperinflation around corner on worthless Weimar dollars, etc.. Previous session, sell into these suckers� bear market rallies/strength/take profits while you can as much, much worse to come. Much worse than expected jobs (240,000 lost, unemployment to 6.5%) and auto news (operating earnings losses of $4 billion for GM and $3 billion for Ford for 3rd quarter) rallies stocks (riiiiight!), in a largely forgettable Motek business hour even his oftimes wall street shill expert admitted to his credit that their was absolutely nothing to account for the rise in stock prices this day especially in light of the substantially bad and worse than expected news, says GM has enough cash to last to spring while Ford till summer, and says volatility for rest of the year. Economist says worse to come as very severe recession at least through 2009 and into 2010, and also there�s allusion to yet another taxpayer bailout of auto pension funds and auto co. bankruptcies. The wall street frauds must be prosecuted and disgorgement required. Jobless rate at 14-year high as above expectation losses continue� ��GM, Ford losses worse than expected, burning cash���� Jobless ranks hit 10 million, most in 25 years�� Ford announces $129M 3Q loss, burns $7.7B in cash�� Jobless rate bolts to 14-year high of 6.5 percent Previous, another modest drop relative to reality [Grantham (who called the bubble) posits� 585 on the S&P 500 (versus today's frothy 904)� There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ], downbeat economic data, first-time claims for unemployment at 25 year high and worse to come, abysmal retail sales worst in 3 decades, unit labor costs rose at a higher than expected 3.6% annual rate as the ultimately hyperinflationary effects of printing/creating like mad those worthless Weimar dollars, and weak business prospects, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so still great opportunity to sell/take profits while you can since much, much worse to come. �Previous session sees modest drop relative to reality though record post-election plunge so still great opportunity to sell/take profits while you can since much, much worse to come. All news so bad (reality even worse) that even shill co. ADP can�t hide at least 157,000 lost private sector jobs where deep cuts are necessary, Challenger et als say layoffs will abound with cuts broad and deep, Motek expert says dismal market for at least next several weeks but cautious citing some oil, engineering, utilities, healthcare opportunities with caveat along with some emerging markets, service sector much weaker than expected and planned layoffs highest in three decades. Treasury wants to borrow record $550B... US-led strike kills 36 Afghan civilians U.S. as slowing economy/runaway spending balloons the budget deficit to a record level to Sell $55 Billion in Long-Term Debt Next Week �Previous session, all news decisively bad with dollar down, oil up, factory orders declining 2.5% month-over-month after dropping 4.3% in August, much worse than the 0.8% decline that was expected, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so sell into rallies/strength/take profits while you can since much, much worse to come. Previous, ( Worst is yet to come for economy ) as economic/financial news so bad [ ISM index shows biggest downturn in economic activity since 1982, corrupt, scandal-scarred commerce department comes in with 40% better than expected false construction numbers though still down a hefty .3%, 90% of private economists say we�re in a recession and we�ll see much more lagging effect to the downside, realization that bad economic conditions going forward not frozen credit affecting lending despite their lies/fraud to buttress their fleecing of the treasury, Motek expert says another washout coming and we�ve not heard the last of those, ie., banks, companies, brokerages, etc., under the waves] , that lunatic frauds on wall street develop new b.s. talking point to keep suckers sucked in to this market so the wall street frauds can keep eating away at suckers� money by commissioning same, the new talking point being �the election�. What total b**l s**t! They�re just a bunch of criminally insane vegetables who can�t do anything that they�re supposed to do well, ie, economics, finance, accounting, etc., and are hoping to escape accountability for their crimes. They must be prosecuted and disgorgement required because 1) It�s the law and to create a deterrent prospectively 2) Restore credibility and confidence in prosecutorial, regulatory, government/governmental bodies as opposed to their being accomplices, and the markets (which are just that; marketplaces, like fish markets, commodity markets, flea markets, etc., no big deal, particularly as the frauds operate them)� 3) It�s the right thing to do because of the magnitude of the fraud (in the hundreds of trillions by some educated assessments) in the many trillions and the fraud on taxpayers (who have been damaged by their fraud and) by bailouts that are finding their way into compensation/bonus packages for the perpetrators ��. Previous session, suckers� bear market rally for window dressing for dismal month and quarter to keep the suckers suckered in this secular bear market. Are you a sucker? One in five homeowners owe more than homes are worth, more unemployment to come, many more defaults personal/commercial, many trillions of previously commissioned worthless paper still carried/not written down, etc.. One of Motek�s experts, to his credit, points to reality in saying retreat to cash (take profits) in rallies as these (rallies on bad news), record declines in spending, economy has lots of negatives, insurance companies have lots of negatives, hedge funds liquidating, and importantly, 60% of trades computerized so great for generating commissions but bad for real value (as this week) and very volatile; while another expert echoes bear case as spending down across the board; while another empahasizes bad month on top of bad month for autos;� while another says 2008 behind only 1929 and 1987 for bad; and another says no more room for rate cuts, more regulation, mortgage rates up; and finally, political and economic uncertainty cited. In sum, u.s. stocks over-priced and dollar will drop like a stone (excessive printing/creating/debt), Stocks: A Bear Case ��so sell into rallies/strength/take profits while you can as much, much worse to come. Don�t forget, THEY NEED YOUR MONEY TO COMMISSION and the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution . Despite another big advance on Friday, paper losses in the U.S. stock market came to $2.5 trillion for the month, according to the Dow Jones Wilshire 5000 Composite Index, which represents nearly all stocks traded in the United States. The 17.7 percent decline was the worst since the 23 percent drop in October 1987 and 1929. Previous day, suckers� bear market rally on bad news. U.S. Economy: GDP Shrinks (even with fake better than expected GDP numbers from corrupt commerce department) at Fastest Pace Since 2001 The government falsely reported Thursday that the economy shrank only 0.3 percent in the July-September period, still a significant slowdown after growth of 2.8 percent in the prior quarter in the summer, sending the strongest signal yet that a deep recession has already begun. Consumer spending, which accounts for two-thirds of the economy, dropped by the largest amount in 28 years in the third quarter. One expert says multiple levels of things going wrong in u.s. recession, ie., consumer spending down and declining, housing recession, fraudulently worthless investments, worthless Weimar dollars that are being printed/created like mad, etc.. Another expert says fake GDP number in 3rd quarter does not capture slowdown which will be reflected in 4th quarter with minimum 2-4% decline. How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come. Previous session, government (fake) numbers on durables (130% better than private estimates�I don�t think so!) and prospectively dollar-crushing 50 basis point rate cut� (discounted b.s. talking point many times over by market in prior sucker session), 2.7% drop in the dollar, fed heads said the pace of economic activity has "markedly" slowed as consumer expenditures declined, while inflation pressures are expected (despite worthlessness of the Weimar dollar) to (temporarily) moderate due to the (temporary election year) drop in commodity prices and weaker economic prospects, so still great opportunity to sell into rallies/strength/take profits while you still can (like now) since much, much worse to come as all problems remain. Previous session, all news decisively bad with consumer sentiment far below expected 52% but realistically at 38%, personal bankruptcies/business bankruptcies up sharply (Euler Hermes ACI: Substantial Increase In Business Bankruptcies and worse in 2009 ... , Personal Bankruptcies Increase and 2009 expected to be worse ), Office Vacancy Rates Nationwide Keep Climbing; 2009 will be worse ... , US consumer debt reaches record levels , U.S. budget deficit swells to record $455 billion | Reuters , White House projects record deficit for 2009 - CNN.com , dollar down and dying, record trade deficits, (Lost growth is cumulative. Thanks to the record trade deficits accumulated over the last 10 years, the U.S. economy is about $1.5 trillion smaller.  This comes to about $10000 per worker. The damage grows larger each month, as the Bush Administration and Democratic Congress dally and ignore the corrosive consequences of the trade deficit), war crimes/profiteering and global disdain for america and all things american and preposterously based on b.s. alone ie., dollar negative talking point of interest rate decrease (hyperinflationary as will be seen post-election), etc., suckers� bear market rally on decidedly bad news, none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience), lunatic wall street frauds desperation linked to their substantial crimes and booty which must be disgorged through prosecution,� so sell into rallies/strength/take profits while you can since much, much worse to come.

THE DOW JUMPS 900 POINTS. SO WHAT? BY MORGAN HOUSE

October 28, 2008� Only in today's market can the Dow have one of its biggest gains ever, on a day when consumer confidence logged its worst readings since it's been followed. After the Dow's nearly 900-point rally today, on what seemed like nothing but loads of bad news, you're right to stand back and wonder what in the world to make of this absurd volatility -- and more importantly, how to invest around it.The short, easy, and honest answer is that this volatility is spectacularly unreasonable, and you're foolhardy to try such an approach. Think about it: Only a few weeks ago, the Dow soared an equally impressive amount -- 936 points -- sending a wave of euphoria over markets, as if our troubles were behind us. Within days ... poof! The gains were gone. There's little reason to jump for joy over today's gain, either. Call me a party pooper, but the bad news in the economy hasn't disappeared, my friends�

�Reality from Farrell: Bottom line: You've been scammed: This is total incompetence, � unethical and criminal. If you put your hard-earned $12,000 under the mattress for the last decade, it would have been worth more than the $11,671 accumulated in a mutual fund. But actually it's far, far worse! Now if you also deduct the fund's 5.75% load (and/or commissions) and inflation of more than 30% the past decade, you see the stock market's a real loser. In short, after 10 years of blindly trusting the Wall Street's advice about stocks, it turns out that investing in the stock market is not a money-making machine, but a big fat greedy black hole that gobbles up your money.�� ECONOMICS GURU: WORST IS YET TO COME; MARKETS WILL CLOSE FOR UP TO WEEK FROM PANIC...� More from Grantham: S&P to 585. He called the bubble, how could anyone doubt his valuation (although even lower is more realistic)? �Jeremy Grantham � (some) benefits to the crisis, including increasing personal savings, an end to the hedge fund era, a reminder that government officials are not to be trusted, �among others�Grantham posits� 585 on the S&P 500 (versus today's 877). Frank Motek (back from vacation to save his business hour � none too soon since his program suffered mightily in his absence) experts say: lack of liquidity, new homes and home prices downward trend to continue, expect revisions; another says other nations loaned to u.s. and getting burned, spending in Europe more difficult to ramp up, $2 TRILLION more debt, fed buying u.s. debt which is hyperinflationary, consumer maxed out, grim outlook; another, a wall street shill points to better than expected new home sales [from scandal scarred/corrupt commerce department�riiiiight �(Home sales rise according to discredited commerce department relative to revised downward prior months sales (riiiiiight�that�s the way to work the statistics�at least the prior months fake stats can still be good for something) but prices sharply fall)] but to his credit does say there are a pile of concerns including liquidation of positions, �n carry trades� (sic), yen/dollar disparity; r.e. analyst says median price for homes still heading down and another says new home sales this month not sustainable, foreclosures high even with freeze; oil analyst says oil demand in China down, impacting price; finally, another analyst says temporary dollar spike because of unwinding of leveraged trades (in dollars), commodities/assets/metals decline as investors/traders/holders sell off assets (cover margin calls, redemptions, etc.), u.s. stocks still over-priced and dollar will drop like a stone (excessive printing/creating/debt), Stocks: A Bear Case ��so sell into rallies/strength/take profits while you can as much, much worse to come. Previous session: you know the worst is yet to come when the so-called wizards of fraudulent wall street laud the day�s 5-9% decline as a pyrrhic victory (coulda been worse�..riiiiight!) that is neither victory nor the end of the downward adjustment to reality and the scope of their fraud, indeed one expert now points to the realization that america� has become the exporter of economic weakness/fraud as hedge funds, etc., continue to liquidate positions/assets (margin calls, redemptions, etc.) , sell into rallies/strength/take profits while you can as much worse to come.� Markets Nosedive on Grim Economic News , World markets sink as recession realities spread , 79th anniversary of 1929 Wall Street Crash... �,� previous day suckers� bear market rally/400 point swing/programmed trades to the upside into the close on decidedly bad news �I don�t think so!� sell into rallies/strength/take profits while you can since much, much worse to come� Economist Roubini Predicts Hedge Fund Failures, Panic, Closed Markets �,� �Job losses accelerating, and the worst is ahead� , Banks borrow record amount from Fed... �, on top of previous day�s near 200 point swing to the upside into the close to keep the suckers suckered as �experts� say: earnings 11% below expectations, business bad and getting worse, recession, substantial job cuts, big problems in Europe including writedowns of u.s. originated worthless fraudulent paper / another says realization source of the now global problems is u.s., fed throwing money at problems (wall street frauds) but not making it to the economy, not enough money to cover the negative (fraud) and need for flush out and adjustment of inflatede/bubble/illusory values, and another says reality implies 25% decline which is worst since 1937, sell into rallies/strength/take profits while you can since much, much worse to come� Recession Will Last At Least Two Years: Roubini ��,� Recession Now: It's Deep and It's Going to Last a Long Time, Sonders Says ���; previous day modest losses relative to reality as only 15% of americans believe the nation is going in the right direction (what dummies!) which is slightly more than congress� approval rate and just slightly less than bushes� approval rate, More banks may fail, IMF warns� , �Weak profit picture and weak/declining economy worries and fear of being held criminally accountable for their fraud hurt Wall Street� , sell into rallies/strength/take profits while you can since much, much worse to come , previous day�s suckers� bear market rally on bad or false news as ie., leading economic indicators up though all economists expected down since major components thereof (stock prices, manufacturing/industrial indices, employment, etc.) all down, economy so bad they�re going to print more worthless hyperinflationary Weimar dollars (that they don�t really have), gave another $12 billion to AIG on top of the other billions of taxpayer funds, yet none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come , The Crumbling U.S. Economy, Worse is Yet to Come �,� Worst slump since Great Depression ��,�� Rapid Downward Revisions in Expected Economic Growth �, and all this b.s. despite reality on top of previous session suckers� 500 point swing/programmed trades to the upside into the close to close modestly lower on much worse than expected news on top of previous suckers� bear market rally/800 point swing/programmed trades to the upside into the close on decidedly bad news �I don�t think so!

The average investment-grade industrial company bond is yielding 4.95 percentage points over Treasuries with comparable maturities, Moody's says. That's about the long-term average for much riskier junk bonds. "It's the widest level since 1932-1933," says John Lonski, Moody's chief economist. That was during the, ahem, Great Depression.

There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500.

Searching for Mr. Goodlow �[ While you certainly want to buy low (and sell high), in light of the crushing debt, deficits both budgetary/trade, global antipathy because of war crimes/profiteering, transfer of manufacturing base, and greedy frauds on wall street, corruption at all levels, etc., this time is like no other for america in the most negative sense, particularly since the average multiples for S&P for the past 5 years were based upon a huge fraud bubble and hardly a benchmark/guideline. The saying/axiom of J.P.Morgan remains apposite as � it is not so much the return on the money as it is the return of the money�. ]

Building starts/permits and new home sales down 8.3% and 6.3% to worst levels in 17 years, drop in consumer sentiment highest ever recorded so great opportunity to sell/take profits while you still can since smart money (and reality) say trend is much lower Billion-Dollar Fund Manager, Dow To Sink To 5,000 �,� Roubini: Dow 7,000 Likely 'Sometime Next Year' ��, Dow Jones Bloodbath Mirroring 1929 Rout �Bottom should be around 27 per cent below �bailout bounce� according to analyst , since none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come, (they�re so desperate for b.s./fraudulent talking points/sizzle to sell that the rumor (Microsoft to buy/destroy Yahoo) sparks rally though denied by both companies, spin lower prices as positive when reality is that economic conditions/prospects so bad that demand has precipitously fallen, Philly fed Index down sharply indicating contraction, Real Estate/Builders� Index lowest/Worst reading since inception, lunatic wall street frauds desperation linked to their substantial crimes and booty which must be disgorged through prosecution, volatility index at new record, previous session reality trumps the new fraud as markets can�t hide from the plethora of bad economic news albeit sugar-coated for election year purposes as retail sales down 1.2% for month and as well, year-over-year and in all regions, beige book says economic activity down in all regions� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 ���sell into rallies/strength/take profits while you can as much worse to come and remember, fool you once, shame on the wall street frauds who should be in prison, fool you twice, shame on you and you�re screwed, one expert described the bailout as money down a black hole� Total Bailout Cost Heads Towards $5 TRILLION ��, shreve of investors� (shouldn�t that be traders�) business daily said became negative on market in August and all cash in September [but previously, 6-3-08, SHREVE OF INVESTORS BUSINESS DAILY NOW NEGATIVE ON MARKET (YA THINK), WAS BULLISH JUST RECENTLY ENOUGH FOR BULL TRAP (OR JUST PLAIN BULL CRAP) AND CITES HEDGE FUND SPECULATORS, SUPPLY/DAMAND FACTORS (OIL RISE, ETC), LEADERSHIP TURNED NEGATIVE WHICH FED MINUTES CONFIRMED, implying that somewhere in between he was positive ] but to his credit states we�re in a recession�some quarters of negative growth/contraction ahead�takes considerable time for fed steps/missteps to take effect�and 7-8% unemployment, while fed governor janet yellen says we�re in a recession�daaah!, while another cites consensus that the financial crisis won�t be over anytime soon�� US confronts reality of long, deep recession/depression� ,
��
The global economy is going through a "profound shift" as it deals with the unwinding of debt leverage, which Todd Harrison, CEO of Minyanville.com calls "the mother of all bubbles."
As with the tech bubble before them, bubbles in housing, commodities and hedge funds were all made bigger because of the unfettered use of leverage. The unwinding process is going to result in a "prolonged period of socioeconomic malaise," he says, predicting unemployment will rise will into double-digits before the cycle turns.
�
The most recent batch of economic data certain support a grim outlook:

�         Industrial production plunged 2.8% in September, the biggest drop since September 1974.

�         The Philadelphia Fed's manufacturing index slumped to its lowest level since October 1990.

�         The National Association of Home Builders' housing market index hit a record low.

�         The Fed's October Beige Book showed across-the-board weakening of activity in all 12 reporting districts.

�         September retail sales fell 1.2%, the biggest drop since Aug. 2005.

previous session saw modest losses relative to reality with near 300 point upswing into the close on bad news (to keep the suckers in � were you a sucker?�the frauds on wall street are counting on it as today�s session proves) including record budget deficit at $454 billion and much worse next year, they�re treating symptoms not the problems so good money after bad, substantial unwinding of derivatives and market manipulation by programmed stock purchases, u.s. gov�t selling treasuries to finance debacle pushing interest rates higher so sell/take profits, The Wall Street Coup and the Bailout Scam Bailout $700 billion yet national debt increased by over $1 trillion,They socialize their losses and privatize their gains �.. How is this happening?� Paulson Doles Out $125 Billion to Wall Street Elite �What a total fraud/scam!�� A Trillion Dollar Bait and Switch: The Bailout and the Smell Test ����This is a secular bear market � check out the cycles.� �Roubini Sees Worst Recession in 40 Years, Rally�s End ��, previously Motek�s expert Art Hogan says crisis not over, daaaaah!, buuuttt and for the first time sounds like a typical wall street shill and loses all credibility thereby, while another non-Motek expert says will retest lows which is euphemistically correct while pointing to comparable spike/decline in 1929 et seq. Great Depression scenario , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , �b.s. talking points and all based upon other nations, Europe and Asia like lemmings again following america into the abyss (Iraq, etc.) since none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come and remember, fool you once, shame on the wall street frauds who should be in prison, fool you twice, shame on you and you�re screwed, as this and previous session�s programmed buy trades to keep the suckers sucked in and commission dollars flowing (the shameless wall street frauds made hundreds of millions last week and today on high then moderate volume as government/banks closed for holiday), thousand point swings to the upside- I don�t think so, as yet again those needful things on wall street get even MORE, MORE, MORE, MORE, MORE for the poor (not really, in light of the mega billions in fraudulently derived commissions, bonuses, compensation, which should and must be disgorged through prosecution) frauds on wall street, retail down, unemployment at recession levels, modest losses relative to reality so sell into strength/take profits, get your money out while you can and don�t forget that the worthless hyperinflationary Weimar dollars they�re printing like mad will, like the current fraud unraveling, come home to roost� [Rogers: Global Bankers Have Unleashed Hyperinflationary Holocaust ] making, assuming arguendo there are,� any wild-eyed purported gains to come illusory/non-existent at best and further, national (and consumer) debt and lack of industrial/manufacturing base/trade deficits make previous recovery comparisons preposterous, Motek�s expert says on-going bear market since 2000 (market down 75% as measured in gold) with continued massive liquidations to pay off debt and that attempts to reflate with bailouts will fail culminating in hyperinflationary depression, while another expert says stocks could slug around at bottom for extended period, while Financial Times Editor says most volatile day ever, not at tradable bottom, and this was a market crash at �40% from top. GM shares on credit watch with negative implications by S&P tumble 31 percent to 58-year low , Roubini: Rate Cuts Temporarily and Minimally Reduce Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' , dollar down, oil up, Motek�s expert Bogel of Vanguard fame points to speculative measure for wall street in 1929 as 280 which is even below and not as bad as the current measure of 320 in year 2008 indicative of the ridiculousness of the wall street debacle, It's Not You, It's the Market - Now Officially the Worst S&P Decline in History �,on top of previous sessions needful things on wall street saying MORE, taxpayer money to bail them out for their consummate fraud, etc., MORE now EU/Asian/fed/taxpayers� cooperation/contribution for their past, present and future frauds, etc., to keep their ponzi-like scheme of worthless paper moving; how about prosecution, prison, fines,� and disgorgement for these mega billion dollar frauds, as 500 point swing to the upside into the close (get your money out while you can-sell into strength/rallies/take profits) on yet another b.s. talking point (I don�t think so and neither does Cramer says Get Out Of The Market ) as Motek�s expert apparently shell-shocked talks in terms of washout levels while another says bailout will take about 4 weeks to implement and not sure if same will work [WON�T! There are trillions (some say in the hundreds of trillions) of the fraudulent worthless paper out there] and points to negative economic fundamentals and says reduce exposure to equities in favor of ie., money market treasuries, previous day buy on rumor, sell on news (of fraud bailout) obtains, fundamentals horrendous as economy loses more than expected 159,000 jobs, Motek�s economist/expert/trader says serious economic issues remain and cites �73 to �74 when market fell 45% top to bottom while securities expert says now focus is on fundamentals and not a pretty picture and cautions about dilution, get your money out while you can-sell into strength/rallies/take profits-that�s what they did , previously hopes for fraudulent $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! �wall street fraud/criminal bailout �Grand Larceny� on a Monumental Scale: Does the Bailout Bill Mark the End of America as We Know It? �can�t change reality as unemployment numbers highest in 7 years, factory orders decline to lowest level in 2 years, food prices with largest increase since 1990, previous 200 point swing to the upside on top of 485 point� previous day gain with all seriously negative news including sales drops of 16% at GM and 35% at Ford so sell into these rallies/strength/take profits whil you can, economist Brusca points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 �, U.S. Sept. ISM manufacturing index plunges to 43.5% (worst since 1955), Bailout Would Only Prolong Crisis: Jim Rogers �,except for scandal-scarred corrupt commerce department which reported unexpected rise in consumer sentiment (riiiiight�things are so hunky-dory), all news decidedly negative with home prices falling an unexpected record� 16.3 %, etc. Bailout marks Karl Marx�s comeback �This is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing �cover/collateral� for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper) in the mega-billions should first be disgorged before taxpayers are forced to pony up and pay the frauds again for their fraud which caused the problem in the first instance, must be prosecuted. It should also be noted that despite the rhetoric, the wall street bailout will NOT solve the crisis or eliminate the economic pain except to make permanent the fraudulent wealth transfer to the most well healed heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud.�� All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments. Sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market, �New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who�ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing �cover/collateral� for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper]; Motek�s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic �buy on the rumor, sell on the news� picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they�ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I�ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney (District of new jersey) who parlayed obstruction of justice (I�ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump (Barry) and now the so-called supreme court (he should have gone to jail) justice; how could anyone even listen to bush (WMD�s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) ] and he further says let the ceo�s go and some of the failed institutions fail condemning the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so �great opportunity to sell/take profits while you still can. One democrat said that with 3 months remaining in war criminal (remember the lies) bush�s lamentable failed presidency the grab based on fear that bailout of the criminals who caused the problem and made huge sums from their heavily commissioned fraud will avoid what already is can only be deemed another fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting conflict is also part of america�s problem, is preposterous on it�s face.A republican said that the so-called over-sight provision utilizes a standard of judicial review that would render impossible any purported review/abrogation (and after the fact at that) of paulson�s largesse to his bro�s on wall street and bush buddies. �Mike Stathis The Market Oracle September 22, 2008� As far as I�m concerned, anyone who doesn�t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America�s bailout fund doesn�t have what it takes to lead America anywhere except on its current course � downward. But it doesn�t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. � , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit �,� Financial terrorism: US taxpayers bail out Wall Street criminals , A Bailout to Nowhere ��,�Cramer had said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but� suckers� bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout � tax revolts as predicted by trendsresearch.com are a coming � McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government�s debt� in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed�s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don�t be wall street�s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August� ,� Worst is yet to come, investment strategist warns (at MarketWatch) �, more gov�t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less)� takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers� bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits �, Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to �Loan� AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears ,� highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% �, CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don�t think so)� so sell into these ephemeral rallies/"strength�, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit� $100 billion each to insolvent fannie/freddie ($200 billion they really don�t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" �(more to follow this update on 9-7-08) suckers� bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news,� nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%,� THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , �Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day�s suckers� bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don�t think so!), as one of Motek�s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn�t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another� seasoned expert says doesn�t look good particularly for third and fourth quarters. Motek�s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we�re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of� foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek�s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov�t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%�but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek�s expert says �put� activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank.�� Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don�t think so, and don�t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek  Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don�t understand it (ie., iphones are a joke where the so-called �computer� is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year.� Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia � don�t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer� hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha �AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally�Yahoo� the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers� bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings �irrational exuberance� since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they�re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after �election year keep the incumbents� fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc.,� better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200%� more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying �[In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market � although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV�T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS� (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET� FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE�D BE A TROLLEY CAR.� [eND OF FIRST QUARTER DOW �8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. �High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying �I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS� BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn�t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL �YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV�T REPORTS, suckers� bear market rally into the close, Analysts say more U.S. banks will fail �Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell �, why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you�re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he�s right; they�re much worse! Remember greenspan�s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they�re dreaming. Similarities between 1929 and 2008 terrifying �U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA�S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE� PLUNGING, HOME BUILDERS� CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE� GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE�S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE�S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,�� BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA,� IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING� HOME EQUITY AT LOWEST LEVELS SINCE WW2,� DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS� GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD� �14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I�M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV�T REPORT REVISING FIRST QUARTER GROWTH TO .9%� (SUUUUURE� YOU THINK THE �WHAT HAPPENED� REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE � GREAT � RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS.� DON�T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN�T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION. Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn�t see this coming? �The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch �More doom for global economy �Visualizing Dow 6,000 ��] ...Yahoo Market Update... �..�� ��AP Business Highlights ������� U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom ,�� New reports give bleak outlook on housing, economy, Foreclosures hit a record high � and more coming,� Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), �April insured mortgage defaults rise (Reuters))�� ��

(3-10-09) Dow �6,926.49 +379.44 +5.80% -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,358.28 +89.64 +7.07% -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500� �719.60 +43.07 +6.37% -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $45.71� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.98 (reg. gas in LAND OF FRUITS AND NUTS� $2.22 REG./ $2.39 MID-GRADE/ $2.65 PREM./ $2.09 DIESEL)/ GOLD $895.90� [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.58 PLATINUM $1039 / DOLLAR= .78 EURO, 98 YEN, .72 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.01% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Absolutely, Absurdly, Ridiculous! Then there�s also the full moon which compounds the frivolity of the criminally insane; particularly the lunatic frauds on wall street, and truth be told, the lunatics who follow in lock-step behind them. Yes, indeed, a rally with power of a speeding locomotive based on�.. b.s. talk point with early release of� CITI showing a profit [not counting more writedowns, bad/worthless assets(loans)/securities, expenses, etc.] of $8 billion with receipt of $45 billion (plus loans/guarantees/investments in excess of $100 billion) taxpayer bailout � WOW!�at this rate the treasury will deplete even faster than originally projected. But the math is so simple that elementary school kids with a handle on third grade arithmetic can accomplish the same and hence, can and should replace top management at a much lower price and without delay.� Hopes for funny assets [in addition to funny money, other fraud, relaxation of rules/laws/enforcement (real asset values) (remember the exemption from RICO garnered by fraudulent wall street-those campaign contributions really pay off, etc.) ], spur suckers� bear market short-covering rally �to keep the suckers suckered and commission dollars flowing to the frauds on wall street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� NOW LISTEN HERE, FOR THIS IS TRUTH!: There is not enough money in the entire world to cover the fraudulent securities foisted/commissioned/distributed/sold by the wall street frauds/perpetrators which if assumed/guaranteed by the u.s. government (don�t forget that social security/medicare are already technically insolvent/bankrupt - all monies/reserves going into the general account and already and continually spent) will only guaranty the insolvency of / worthlessness of the currency of the u.s. treasury. Cost to buy protection against U.S. government default surges�� Frank just said that he wants to prosecute those who�ve caused this crisis�waxman was supposedly doing just that in part� (fog of war fraud-360 tons of $100 dollar bills stolen), etc�. If they don�t do this as said, among others, they should be forced resign as complicit. THERE IS NO MYSTERY HERE; HENCE, NONE SHOULD BE AFRAID TO LOOK, PROSECUTE, AND FORCE DISGORGEMENT!�� �Celente: U.S. Has Entered �The Greatest Depression� ���bernanke says regulatory overhaul needed�WASHINGTON (AP) -- The nation's financial rule book must be rewritten to prevent a repeat of the global economic crisis now gripping the United States and other countries, Federal Reserve Chairman Ben Bernanke said Tuesday�Bernanke offered new details on how to bolster mutual funds and a program that insures bank deposits. He also stressed the need for regulators to make sure financial companies have a sufficient capital cushion against potential losses�The Fed chief's remarks come as the Obama administration and Congress are crafting their overhaul strategies. For the administration, critical work will be carried out among global finance officials this weekend in London ahead of next month's meeting of leaders from the world's 20 major economic powers�Madoff's lawyer says client will plead guilty �NEW YORK (AP) -- In a courtroom surprise, it was revealed Tuesday that Bernard Madoff will plead guilty Thursday to securities fraud, perjury and other crimes, knowing that he could face up to 150 years in prison for one of the largest frauds in history�� ��All three major indices registered fresh multiyear closing lows in the prior session, but came rallying back this session to log their best single-session performance by percent in months. The rebound came after Citigroup issued an encouraging update and reports indicated the uptick rule may be reinstated� Rep. Frank stated mark-to-market accounting rules must be improved, but Senator Shelby says any mark-to-market accounting changes should be made by the SEC. The SEC stated it will not seek to suspend such rules (since such would make valuations a fraud)... The stock market's advance was further helped by short-covering. Still, trading volume on the NYSE climbed above 2 billion shares���� ��� Watch for fake reports and continued jawboning/spin/b.s. regarding bailout/stimulus as they are desperate yet remain protective of the criminals who caused the crisis with their fraud in staggering amounts far beyond the substantial scam by madoff ($50 billion) who now audaciously from his $7 million NYC penthouse seeks ownership of same along with $62 million (only in systemically fraudulent america). Why are they not seeking disgorgement from the criminals who benefited from the huge multi-trillion dollar fraud they perpetrated? No one yet has asked tiny tim geithner where the missing $4 trillion at the fed is�Why? Then there�s the $2 trillion in taxpayer money, the destination of which the fed refuses disclosure of�Fed Hides Destination Of $2 Trillion In Bailout Money ��Why? How? This is criminal activity of monumental proportion, yet protected by the bureaucratic complicit frauds (I�ve experienced this directly in my RICO case), damaging lives here and abroad.� Then there�s also the illegal wars, war-profiteering, war crimes, etc., that have bankrupted this nation, killed many innocents, etc., [remember, ie., the 360 tons of hundred dollar bills flown into Iraq that democrats/land of fruits and nuts henry waxman (doesn�t he look like a hedgehog or some other rodent) the lying fraud talked endlessly about while republicans were at the helm, yet nothing�no prosecutions�the frauds who stole that money should put same in the failed �stimulus fraud pot��at the least, etc.].�� An analyst previously said 2011-2014 earliest for bottoming at best. Another analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. �[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society.�

 

EMBRACE THE BEAR By Rev Shark There is an old saying that in a bear market, we slide down the slope of hope. Unfortunately, we have seen plenty of good examples of how that works over the past year. We have had dozens of new initiatives to try to bolster the economy that create hope for a few days. The market will get excited and we'll have some big point gains, but then doubts begin to surface about how easily it will be to turn this economic supertanker that is going over a waterfall. The buying stalls out, a few dip-buying attempts are made, but eventually we break support levels and more downside ensues. That is classic bear market action but the standard Wall Street reaction is to not accept it�[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc. - Analyst Andre Egleshion puts the amount at $600+trillion] �INVESTORS AREN'T FOOLED (at least today) By Rev Shark The poor market action today is most likely due to the realization that economic stimulus isn't going to be nearly as simple or easy (or effective) as it sounds. We aren't going to spend our way out of this economic spiral �We'd probably be better off if the government did less rather than more. The great likelihood is that the unintended consequences we suffer will prolong the whole cycle. We have to let some bad businesses and financial institutions fail�

 

Cost to buy protection against U.S. government default surges�� Good News! Economist Sees GDP Down 7% in Q1 and 9.25% Unemployment in 2010 �����Madoff faces life in prison on 11 criminal charges���� Citi's fake profit view, uptick talk drive big rally� ��Roubini: Depression Could Last beyond 36 Months; Dow at 5000...����� United Tech to cut 11,600 jobs���� Why Commodities Prices May Rise, Even In Deflation ���IMF warns of Great Depression, All Nations at risk ����Oil at $50 Looms as OPEC Plans Cut, Keeps to Quota ����53% Say It�s Likely the U.S. Will Enter a Depression Similar to 1930�s even though we�re already in one worse than the 1930�s ����Washington plans for big bank failure ����SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!�
�

(3-9-09) Dow �6,547.05 -79.89 -1.21%� -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,268.64 -25.21 -1.95% -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500� 676.53 -6.85 -1.00% -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $47.10� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.98 (reg. gas in LAND OF FRUITS AND NUTS� $2.22 REG./ $2.39 MID-GRADE/ $2.65 PREM./ $2.09 DIESEL)/ GOLD $918� [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13 PLATINUM $1036 / DOLLAR= .79 EURO, 98 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.87% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Absolutely, Absurdly, Ridiculous! Hopes for funny assets (in addition to funney money, other fraud, etc.) spur suckers bear market short-covering rally off lows� to keep the suckers suckered and commission dollars flowing to the frauds on wall street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Celente: U.S. Has Entered �The Greatest Depression� ���Despite a rebound by financial stocks and a batch of merger news, the stock market was unable to put together a sustainable advance. Stocks finished with a broad-based loss, a bit above session lows. Uncertainty in foreign indices fueled early losses in the headline indices. Financials were the focal point of the weakness, falling to a loss of 2.2%. The drop was short-lived, though. Financials rallied to a gain of 5.3%, but finished with a gain of 2.5%�� �� Wall Street fell more than 1 percent Monday as uneasiness about the economy eclipsed a bounce in troubled financial stocks and news of a big drug company merger. Stocks rose in the early going but turned lower in a now familiar pattern where short-lived bursts of optimism give way to concerns about the country's economic woes� (in the real world they call that mental illness, lunacy �note the full moon, manic depression/bipolar disorder, etc., or just plain fraudulent wall street )���� Watch for fake reports and continued jawboning/spin/b.s. regarding bailout/stimulus as they are desperate yet remain protective of the criminals who caused the crisis with their fraud in staggering amounts far beyond the substantial scam by madoff ($50 billion) who now audaciously from his $7 million NYC penthouse seeks ownership of same along with $62 million (only in systemically fraudulent america). Why are they not seeking disgorgement from the criminals who benefited from the huge multi-trillion dollar fraud they perpetrated? No one yet has asked tiny tim geithner where the missing $4 trillion at the fed is�Why? Then there�s the $2 trillion in taxpayer money, the destination of which the fed refuses disclosure of�Fed Hides Destination Of $2 Trillion In Bailout Money ��Why? How? This is criminal activity of monumental proportion, yet protected by the bureaucratic complicit frauds (I�ve experienced this directly in my RICO case), damaging lives here and abroad.� Then there�s also the illegal wars, war-profiteering, war crimes, etc., that have bankrupted this nation, killed many innocents, etc., [remember, ie., the 360 tons of hundred dollar bills flown into Iraq that democrats/land of fruits and nuts henry waxman (doesn�t he look like a hedgehog or some other rodent) the lying fraud talked endlessly about while republicans were at the helm, yet nothing�no prosecutions�the frauds who stole that money should put same in the failed �stimulus fraud pot��at the least, etc.].�� An analyst previously said 2011-2014 earliest for bottoming at best. Another analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. �[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society.�

EMBRACE THE BEAR By Rev Shark There is an old saying that in a bear market, we slide down the slope of hope. Unfortunately, we have seen plenty of good examples of how that works over the past year. We have had dozens of new initiatives to try to bolster the economy that create hope for a few days. The market will get excited and we'll have some big point gains, but then doubts begin to surface about how easily it will be to turn this economic supertanker that is going over a waterfall. The buying stalls out, a few dip-buying attempts are made, but eventually we break support levels and more downside ensues. That is classic bear market action but the standard Wall Street reaction is to not accept it�[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc. - Analyst Andre Egleshion puts the amount at $600+trillion] �INVESTORS AREN'T FOOLED (at least today) By Rev Shark The poor market action today is most likely due to the realization that economic stimulus isn't going to be nearly as simple or easy (or effective) as it sounds. We aren't going to spend our way out of this economic spiral �We'd probably be better off if the government did less rather than more. The great likelihood is that the unintended consequences we suffer will prolong the whole cycle. We have to let some bad businesses and financial institutions fail�

 

World Bank offers dire forecast for world economy ������Depression Dynamic Ensues as Markets Revisit 1930s ��Global Financial Assets Lost $50 Trillion Last Year ���SEC says money manager invented big accounts���� Who got AIG's bailout billions?�� ��The collapse of America is unavoidable� Regulators seize seventh bank in Georgia...��� Kerry: 'Animal House' Party Days Are Over for u.s. government...����� Bank stocks rally despite their insolvency (AP)��� Too big to fail? 5 biggest banks are 'dead men walking' (McClatchy Newspapers) ����[video] Next Dead Dividend (at TheStreet.com)����� Oil at $50 Looms as OPEC Plans Cut, Keeps to Quota ����Too Big Has Failed: KC Fed Prez Says We Need Temporary Nationalization (at Seeking Alpha)���� World Bank says global economy will shrink in 2009 (AP)����� Recession on track to be longest in postwar period (AP)����� Cash In A Mattress? No, Gold In The Closet ���Paulson Was Behind Bailout Martial Law Threat��� Fed Hides Destination Of $2 Trillion In Bailout Money�� �SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!�

�

(3-6-09) Dow �6,626.94 +32.50 +0.49% -436 for the first week of March -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,293.85 -5.74 -0.44% -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500� 683.38 +0.83 +0.12% -52 for the first week of March -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $45.53��� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.93(reg. gas in LAND OF FRUITS AND NUTS� $2.22 REG./ $2.39 MID-GRADE/ $2.65 PREM./ $2.09 DIESEL)/ GOLD $940.60� [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.35 PLATINUM $1090 / DOLLAR= .79 EURO, 98 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.87% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Absolutely, Absurdly, Ridiculous! Suckers� bear market/short-covering rally into the close to keep the suckers suckered and commission dollars flowing to the frauds on wall street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Celente: U.S. Has Entered �The Greatest Depression� �Fudged in a manner most favorable to the frauds (we past these unemployment percentages quite some time ago and they were much worse then and still worse now, etc.), the news remains bleak and reality says even bleaker. Any economist who in discussing this depression mindlessly compares this Greatest Depression to any other contraction without pointing out crucial negative distinguishing characteristics; viz., insurmountable debt, increasingly worthless (Weimar) currency, irrevocable and unrelenting trade/budget deficits, global antipathy (stemming from illegal wars, war crimes, massive securities fraud, etc.), lack of significant manufacturing base, pervasive corruption/theft /plundering/incompetence, etc., cannot be considered a serious economist (just a joker who probably missed the call on recession/depression, etc.). ��Huge layoffs push joblessness toward double digits WASHINGTON (AP) -- Tolling grimly higher, the recession snatched more than 650,000 Americans' jobs for a record third straight month in February as unemployment climbed to a quarter-century peak of 8.1 percent and surged toward even more wrenching double digits.The human carnage from the recession, well into its second year, now stands at 4.4 million lost jobs. Some 12.5 million people are searching for work -- more than the population of the entire state of Pennsylvania. No one seems immune: The jobless rate for college graduates has hit its highest point on record, just like the rate for people lacking high school diplomas� GM shares reach 75-year low amid bankruptcy talk�� The broader market turned in a modest gain, thanks to a late rally effort that overcame steep losses. Initial gains were broad-based as participants began buying in the wake of the February jobs report, which indicated nonfarm payrolls fell 651,000, in-line with expectations, and unemployment climbed more than expected to a 25-year high of 8.1%. Stocks were up as much as 2.4% in what resembled past trends that saw stocks sell off leading up to the monthly jobs report, but then rally in its wake as traders "bought the bad news." �� Watch for fake reports and continued jawboning/spin/b.s. regarding bailout/stimulus as they are desperate yet remain protective of the criminals who caused the crisis with their fraud in staggering amounts far beyond the substantial scam by madoff ($50 billion) who now audaciously from his $7 million NYC penthouse seeks ownership of same along with $62 million (only in systemically fraudulent america). Why are they not seeking disgorgement from the criminals who benefited from the huge multi-trillion dollar fraud they perpetrated? No one yet has asked tiny tim geithner where the missing $4 trillion at the fed is�Why? Then there�s the $2 trillion in taxpayer money, the destination of which the fed refuses disclosure of�Fed Hides Destination Of $2 Trillion In Bailout Money ��Why? How? This is criminal activity of monumental proportion, yet protected by the bureaucratic complicit frauds (I�ve experienced this directly in my RICO case), damaging lives here and abroad.� Then there�s also the illegal wars, war-profiteering, war crimes, etc., that have bankrupted this nation, killed many innocents, etc., [remember, ie., the 360 tons of hundred dollar bills flown into Iraq that democrats/land of fruits and nuts henry waxman (doesn�t he look like a hedgehog or some other rodent) the lying fraud talked endlessly about while republicans were at the helm, yet nothing�no prosecutions�the frauds who stole that money should put same in the failed �stimulus fraud pot��at the least, etc.].�� An analyst previously said 2011-2014 earliest for bottoming at best. Another analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. �[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society.�

EMBRACE THE BEAR By Rev Shark There is an old saying that in a bear market, we slide down the slope of hope. Unfortunately, we have seen plenty of good examples of how that works over the past year. We have had dozens of new initiatives to try to bolster the economy that create hope for a few days. The market will get excited and we'll have some big point gains, but then doubts begin to surface about how easily it will be to turn this economic supertanker that is going over a waterfall. The buying stalls out, a few dip-buying attempts are made, but eventually we break support levels and more downside ensues. That is classic bear market action but the standard Wall Street reaction is to not accept it�[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc. - Analyst Andre Egleshion puts the amount at $600+trillion] �INVESTORS AREN'T FOOLED (at least today) By Rev Shark The poor market action today is most likely due to the realization that economic stimulus isn't going to be nearly as simple or easy (or effective) as it sounds. We aren't going to spend our way out of this economic spiral �We'd probably be better off if the government did less rather than more. The great likelihood is that the unintended consequences we suffer will prolong the whole cycle. We have to let some bad businesses and financial institutions fail�

Madoff expected to plead guilty to fraud charges����� How to Spot a Ponzi Con Artist? Follow the Yachts (Time.com)��� U.S. jobless rate hits 25-year high��� Goldman, others get AIG payouts: report����� US Bancorp CEO got pay package valued at $6.8M (AP)��� Huge layoffs push joblessness toward double digits�� AP source: Madoff guilty plea expected next week��� Stocks facing uphill battle; budget, retail sales loom��� $11 Trillion Wipeout: Wall Street's Year-and-a-Half of Dangerous Living ����Economy in 'Free-Fall': Unemployment Rate Surges to 8.1%, Highest in 25 Years ���GM shares reach 75-year low amid bankruptcy talk (AP)�� Fox Admits To Planting Political Brainwashing In Popular TV Shows��� Pelosi Backs Senate Facist Amendment to Censor Talk Radio ���Senate to Give FDIC up to $500 Billion ���Senator Bernie Sanders Slams Fed Boss Ben Bernanke ����Bailout Money - Instead of Being Used to Stabilize the Economy or Even the Bailed-Out Companies - is Just Going to Line the Pockets of the Wealthy ���Taxpayers Furious With Budget Cuts Take Frustration To Streets Of NYC ����AIG �Was Going to Bring Down Europe�: Lawmaker �
SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!�

(3-5-09) Dow �6,594.44 -281.40 -4.09% -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,299.59 -54.15 -4.00% -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500� 682.55 -30.32 -4.25% -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $43.62��� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.93(reg. gas in LAND OF FRUITS AND NUTS �$2.22 REG./ $2.39 MID-GRADE/ $2.65 PREM./ $2.09 DIESEL)/ GOLD $927.80� [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.10 PLATINUM $1065 / DOLLAR= .79 EURO, 98 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.82% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Though seemingly steep, relative to reality, today�s losses just modest; hence, still Absolutely, Absurdly, Ridiculous! so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Celente: U.S. Has Entered �The Greatest Depression� �Analyst/Economist Chatter: funny money (they�re printing worthless Weimar dollars like mad) and now they�re thinking funny assets (suspending reality based mark-to-market in favor of the failed fraudulent whatever they want so they can foist/spin/defraud which got us to this debacle); more bank takeovers; GM burning cash, bankruptcy probable; Merrill bonuses for jobs poorly done (my direct experience with Merril Lynch brokers was their total incompetence); higher taxes, higher inflation, $3 trillion new u.s. debt, dollar devaluation; more bank takeovers and far worse unemployment.�� �Few economists expect a turnaround in the battered labor market anytime soon with companies laying off thousands of workers weekly�Still, initial requests for unemployment benefits fell to 639,000 from the previous week's figure of 670,000, the Labor Department (fake number) said Thursday. Analysts expected a smaller drop to 650,000�Retailers report sales declines in February�GM concedes in the report filed Thursday that it's on the edge of bankruptcy and won't be able to avoid it unless it gets more government money and successfully executes a huge restructuring plan�Mortgage woes break records again in 4Q. NEW YORK (AP) -- A stunning 48 percent of the nation's homeowners who have a subprime, adjustable-rate mortgage are behind on their payments or in foreclosure, and the rate for homeowners with all mortgage types hit a new record, new data Thursday showed�� �The stock market logged new multiyear lows during the session, and closed at its worst level since the fourth quarter of 1996. Roughly 95% of the companies in the S&P 500 finished with a loss...Though losses were broad-based, financials were dealt the worst blow. The sector fell 9.9% with particular weakness among diversified banks (-16.5%) and other diversified financial services companies (-13.2%). Moody's announced it is reviewing the credit ratings of Bank of America (BAC 3.17, -0.42) and Wells Fargo (WFC 8.12, -1.54) for possible downgrade. Moody's lowered its outlook for JPMorgan Chase (JPM 16.60, -2.70) to negative from stable. Sellers pushed both WFC and JPM shares to new multiyear lows�Fourth quarter nonfarm productivity declined 0.4%, though it was expected to increase 1.2% after the prior reading showed a 3.2% increase. The lower reading was a result of lower economic output in the fourth quarter. Meanwhile, fourth quarter unit labor costs increased 5.7%. Economists expected a 3.8% increase. Factory orders for January fell 1.9% (fake number), which is a less severe drop than the 3.5% decline that was widely expected. The drop in factory orders reflects the retrenchment by businesses in the wake of softer spending�� Watch for fake reports and continued jawboning/spin/b.s. regarding bailout/stimulus as they are desperate yet remain protective of the criminals who caused the crisis with their fraud in staggering amounts far beyond the substantial scam by madoff ($80 billion) who now audaciously from his $7 million NYC penthouse seeks ownership of same along with $69 million (only in systemically fraudulent america). Why are they not seeking disgorgement from the criminals who benefited from the huge multi-trillion dollar fraud they perpetrated? No one yet has asked tiny tim geithner where the missing $4 trillion at the fed is�Why? Then there�s the $2 trillion in taxpayer money, the destination of which the fed refuses disclosure of�Fed Hides Destination Of $2 Trillion In Bailout Money ��Why? How? This is criminal activity of monumental proportion, yet protected by the bureaucratic complicit frauds (I�ve experienced this directly in my RICO case), damaging lives here and abroad.� Then there�s also the illegal wars, war-profiteering, war crimes, etc., that have bankrupted this nation, killed many innocents, etc., [remember, ie., the 360 tons of hundred dollar bills flown into Iraq that democrats/land of fruits and nuts henry waxman (doesn�t he look like a hedgehog or some other rodent) the lying fraud talked endlessly about while republicans were at the helm, yet nothing�no prosecutions�the frauds who stole that money should put same in the failed �stimulus fraud pot��at the least, etc.].�� An analyst previously said 2011-2014 earliest for bottoming at best. Another analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. �[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society.� Now As The Much Greater Depression Progresses ���Dow and S&P hit 12-year lows��� Bernanke Arrogantly Refuses To Disclose Which Banks Took Money ��Treasury secretary's choice for deputy withdraws (only little people pay taxes so take this job and shove it says tiny tim deputy designate) (AP)�� 22 Georgia legislators fail to pay income taxes... ���GM auditors raise doubt on viability���� One in 8 U.S. homeowners late paying or in foreclosure� ���Citigroup stock falls below $1 a share (AP)�� ��$$] SVG Swings to a Loss on Markdowns Hits (at The Wall Street Journal Online)���� Why the Fed's TALF Is Bad for America ����Mortgage woes break records again in 4Q (AP)��� Stocks Fall Below 7,000 Again ���Fed Refuses to Release Bank Data, Insists on Secrecy ����

EMBRACE THE BEAR By Rev Shark There is an old saying that in a bear market, we slide down the slope of hope. Unfortunately, we have seen plenty of good examples of how that works over the past year. We have had dozens of new initiatives to try to bolster the economy that create hope for a few days. The market will get excited and we'll have some big point gains, but then doubts begin to surface about how easily it will be to turn this economic supertanker that is going over a waterfall. The buying stalls out, a few dip-buying attempts are made, but eventually we break support levels and more downside ensues. That is classic bear market action but the standard Wall Street reaction is to not accept it�[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc. - Analyst Andre Egleshion puts the amount at $600+trillion] �INVESTORS AREN'T FOOLED (at least today) By Rev Shark The poor market action today is most likely due to the realization that economic stimulus isn't going to be nearly as simple or easy (or effective) as it sounds. We aren't going to spend our way out of this economic spiral �We'd probably be better off if the government did less rather than more. The great likelihood is that the unintended consequences we suffer will prolong the whole cycle. We have to let some bad businesses and financial institutions fail�


SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� �

(3-4-09) Dow �6,875.84 +149.82 +2.23% -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,353.74 +32.73 +2.48% -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500� 712.87 +16.54 +2.38% -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $45.38�� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.93(reg. gas in LAND OF FRUITS AND NUTS� $2.22 REG./ $2.39 MID-GRADE/ $2.65 PREM./ $2.09 DIESEL)/ GOLD $906� [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13 PLATINUM $1045 / DOLLAR= .79 EURO, 98 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.98% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Absolutely, Absurdly, Ridiculous! SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �All news decisively worse than expected, fed beige book outlook grim, economist outlook for recovery bleak. Celente: U.S. Has Entered �The Greatest Depression� The spin: china bailout (the frauds on wall street spinning/foolishly banking on china buying more worthless u.s. paper � their domestic needs are substantial and they�re increasing military spending by 15% as well) and high oil price suckers� bear market/short-covering rally to again keep suckers sucked in for their commissions sake. The great red hope! How preposterous! Who would have thunk it!� ��strong gains overseas provided an excuse for buyers to enter the fold and short-sellers to cover their positions. Foreign indices upended their own losing streak after China announced it will add approximately $586 billion to the fiscal spending plan it announced late last year� According to the Fed's Beige Book, the Fed does not expect a significant economic recovery until late 2009 or early 2010 at best (remember, they also said no recession and now we�re in a depression). Meanwhile, the ISM Services Index for February dipped to 41.6% from 42.9%, indicating continued contraction for the services sector. The consensus estimate was pegged at 41.0%. Investors and economists got a glimpse of what may be lurking in the government's February nonfarm payroll report, which is due at the end of the week. According to the latest ADP Employment Report, 697,000 jobs were lost in February. The consensus estimate called for 630,000 job losses�� ��fed survey: economy deteriorated in Jan., Feb. . After a dismal start to 2009, business people see more pain ahead, expecting no improvement in economic conditions till late this year at the earliest. Their pessimism was evident in the Federal Reserve's latest snapshot of business activity nationwide. It showed sharp cutbacks affecting both blue-collar jobs that once churned out construction equipment and white-collar professionals like business consultants and accountants. From factories in Cleveland to high-tech firms in Texas and California, the Fed's beige book reported widespread production declines. Services sector shrank in Feb., 5th straight month�� Watch for fake reports and continued jawboning/spin/b.s. regarding bailout/stimulus as they are desperate yet remain protective of the criminals who caused the crisis with their fraud in staggering amounts far beyond the substantial scam by madoff ($80 billion) who now audaciously from his $7 million NYC penthouse seeks ownership of same along with $69 million (only in systemically fraudulent america). Why are they not seeking disgorgement from the criminals who benefited from the huge multi-trillion dollar fraud they perpetrated? No one yet has asked tiny tim geithner where the missing $4 trillion at the fed is�Why? Then there�s the $2 trillion in taxpayer money, the destination of which the fed refuses disclosure of�Fed Hides Destination Of $2 Trillion In Bailout Money ��Why? How? This is criminal activity of monumental proportion, yet protected by the bureaucratic complicit frauds (I�ve experienced this directly in my RICO case), damaging lives here and abroad.� Then there�s also the illegal wars, war-profiteering, war crimes, etc., that have bankrupted this nation, killed many innocents, etc., [remember, ie., the 360 tons of hundred dollar bills flown into Iraq that democrats/land of fruits and nuts henry waxman (doesn�t he look like a hedgehog or some other rodent) the lying fraud talked endlessly about while republicans were at the helm, yet nothing�no prosecutions�the frauds who stole that money should put same in the failed �stimulus fraud pot��at the least].�� An analyst previously said 2011-2014 earliest for bottoming at best. Another analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. �[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society.� SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!�

(3-3-09) Dow �6,726.02 -37.27 -0.55% -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,321.01 -1.84 -0.14% -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500� 696.33 -4.49 -0.64% -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $41.15�� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.93(reg. gas in LAND OF FRUITS AND NUTS� $2.22 REG./ $2.39 MID-GRADE/ $2.65 PREM./ $2.09 DIESEL)/ GOLD $913.60� [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.78 PLATINUM $1036 / DOLLAR= .78 EURO, 98 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.88% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Absolutely, Absurdly, Ridiculous! SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Modest losses relative to reality as bad and worse than expected news just keeps on coming along with suckers bear market/short-covering rallies as here into the close to keep the suckers suckered. Defaults/delinquencies up, home/car sales down� Celente: U.S. Has Entered �The Greatest Depression� � Helicopter ben �bernanke indicated the near-term outlook for the economy remains weak. Economists at Goldman Sachs concur; they expect the U.S. economy will fall 7.0% in the first quarter, according to Dow Jones.� Despite housing stimulus provisions, pending home sales in January declined 7.7%. The consensus estimate called for a 3.5% decline. The data reflect the effects of ongoing job losses, lost wealth, and weak consumer confidence.� Similar forces continue weighing heavily on auto sales. Ford Motor (F 1.81, -0.07) reported February sales in North America fell roughly 48%, which is steeper than the 42% drop that was expected. General Motors (GM 1.99, -0.02) reported February sales sank nearly 53%, exceeding the 45% fall that was widely forecast. Separate reports indicated GM's chief operating officer said that without government funds the company's European unit would run out of cash in the second quarter. Chrysler down 44%�� Watch for fake reports and spin/b.s. regarding bailout/stimulus as they are desperate yet remain protective of the criminals who caused the crisis with their fraud in staggering amounts far beyond the substantial scam by madoff ($80 billion) who now audaciously from his $7 million NYC penthouse seeks ownership of same along with $69 million (only in systemically fraudulent america). Why are they not seeking disgorgement from the criminals who benefited from the huge multi-trillion dollar fraud they perpetrated? No one yet has asked tiny tim geithner where the missing $4 trillion at the fed is�Why? Then there�s the $2 trillion in taxpayer money, the destination of which the fed refuses disclosure of�Fed Hides Destination Of $2 Trillion In Bailout Money ��Why? How? This is criminal activity of monumental proportion, yet protected by the bureaucratic complicit frauds (I�ve experienced this directly in my RICO case), damaging lives here and abroad.� Then there�s also the illegal wars, war-profiteering, war crimes, etc., that have bankrupted this nation, killed many innocents, etc., (remember, ie., the 360 tons of hundred dollar bills flown into Iraq that democrats/land of fruits and nuts Waxman the lying fraud talked endlessly about while republicans were at the helm, yet nothing�no prosecutions�the frauds who stole that money should put same in the failed �stimulus fraud pot��at the least).�� An analyst previously said 2011-2014 earliest for bottoming at best. Another analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. �[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society.
�������������� ART HOGAN SAY�S �IT�S A TOUGH ONE�� THAT�S A TRUE STATEMENT!

EMBRACE THE BEAR By Rev Shark There is an old saying that in a bear market, we slide down the slope of hope. Unfortunately, we have seen plenty of good examples of how that works over the past year. We have had dozens of new initiatives to try to bolster the economy that create hope for a few days. The market will get excited and we'll have some big point gains, but then doubts begin to surface about how easily it will be to turn this economic supertanker that is going over a waterfall. The buying stalls out, a few dip-buying attempts are made, but eventually we break support levels and more downside ensues. That is classic bear market action but the standard Wall Street reaction is to not accept it�[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc. - Analyst Andre Egleshion puts the amount at $600+trillion] �INVESTORS AREN'T FOOLED (at least today) By Rev Shark The poor market action today is most likely due to the realization that economic stimulus isn't going to be nearly as simple or easy (or effective) as it sounds. We aren't going to spend our way out of this economic spiral �We'd probably be better off if the government did less rather than more. The great likelihood is that the unintended consequences we suffer will prolong the whole cycle. We have to let some bad businesses and financial institutions fail�

Celente: U.S. Has Entered �The Greatest Depression� ��The D-word: The depression has become something worse (AP)�� Obama Must Fire Geithner and Summers ���Gold Industry Officials Warn Of Depression���� Jim Rogers: Bailouts are destroying the US Economy ���Gold has longest losing streak since October ��U.S. auto sales fall as depression deepens�� Blockbuster seeks debt overhaul, shares halted���� MGM Mirage casino co. says it may default on debt (AP)��� A Banana Republic By 2012? Change for the Worse ����Obama Calls Bush On Troop Withdrawal Plan ���Geithner Says U.S. Financial Rescue �Might Cost More� (maybe he can locate the $4 trillion missing at the fed and use that)��� Pension (substantial funding shortfalls) bombs going off ����Pennsylvania Rep. Rohrer Introduces Tenth Amendment Resolution ���SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(3-2-09) Dow 6,763.29 -299.64 -4.24% -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,322.85 -54.99 -3.99% -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500� 700.82 -34.27 -4.66% -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $44.76� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.94 (reg. gas in LAND OF FRUITS AND NUTS� $2.25 REG./ $2.45 MID-GRADE/ $2.74 PREM./ $2.34 DIESEL)/ GOLD $940 [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.05PLATINUM $1075 / DOLLAR= .78 EURO, 97 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.86% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Though Seemingly Large, Losses Still Modest Relative to Reality; hence,still Absolutely, Absurdly, Ridiculous! SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Steep losses across the board on plethora of bad and worse than expected news. Analyst chatter: one analyst said investors just can�t take (the wall street fraud/bull sh_) it anymore and sees 5,000 on the DOW (too optimistic); another says worst levels not yet seen, but markets functioning�riiiiight�, more bad economic news, dividend cuts; another says the so-called plan changinging everyday, not stimulus but at best stabilization (doomed to fail), unrealistic expectations (that�s realistic), talks funny assets/accounting (that�s what helped get us here-the fraud), a world of hurt, hope for short-covering rallies�sounds like a plan�riiiiight; another who called the crash says worst bear market in history, if priced in gold market has fallen 80% and more decline to come, says stimulus/stabilization good money after bad and recipients with worst management (fraud, etc.) should rather be allowed to fail, treasury bond/dollar bubble, u.s. stocks still overvalued so sell, precious (money) metals and overseas markets better; and finally, mainstream analyst says gold/bonds but no stocks. Analyst previously said 2011-2014 earliest for bottoming at best. Another analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. �[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society. Dow industrials fall below 7,000; lowest since �97 ���Buffett says economy in shambles losses on derivatives contracts tied to the stock market.�� Banks and economy to keep bears' grip on stocks�� Berkshire reports a 96 percent drop in 4Q profit��� Chart of the Week: GDP Worse than Expected (at Seeking Alpha)�� Time to Bury the Markets ���NYSE Suspends $1 Stock Price Minimum ��Economics of this Depression ���[$$] BofA Executive Got Housing Perks (at The Wall Street Journal Online)�� Madoff seeks to keep NYC penthouse, $62M in assets � Typical kike/jews����� Dow finishes below 7,000 for first time since '97 (AP)��� The D-word: The depression has become something worse (AP)� [$$] At Merrill, Thinning Herd of Carrion (at The Wall Street Journal Online)��� AIG Will Receive More Aid, Bigger Loss...��� NYSE Euronext chief gets 2008 pay valued at $9.2M (AP) ���Asian stock markets tumble on worsening US slump�� �Sources: AIG to get up to $30B more in Fed aid� Moody's lowers ratings on Citi's Japan operations (at MarketWatch)�� Oil falls below $44 on bleak US GDP, AIG news�� States' budget woes will outlast the depression��� israeli media denounced for insulting the Prophet��� Israeli minister calls for assassination of top arab leader justifying action to eliminate/exterminate nazionist israel/israelis for the sake of world peace and justice as��� 8 more civilians die in US drone raid� �������Buffett Says Economy Will Be 'Shambles' in 2009, Likely 'Well Beyond'... �BERKSHIRE has worst year...���� Iran says USA planning 'long-term stay' in Iraq...� Kudlow: Obama Declares War on Investors, Entrepreneurs, Businesses, And More...��� Bankers: Stop trashing us...��� Wall Street slides after CITI-government deal...�� Sets Single-Day Trading Volume...�� STRUGGLING STATES LOOK TO UNORTHODOX TAXES...��� Iran says USA planning 'long-term stay' in Iraq...�� Warren Buffett Speaks: His Worst Year Ever � If you listened to him recently (I warned you not to) you�re down another 20-30% since his government shill/propaganda talk (did he really give away his fortune � maybe he just decided to lose it and bring everyone with him � senile, I say yes) r�� A Banana Republic By 2012? Change for the Worse �SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!�

(2-27-09) Dow 7,062.93 -119.15 -1.66% -12% for the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,377.84 -13.63 -0.98% -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500� 735.09 -17.74 -2.36% -11% for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $44.76� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.94 (reg. gas in LAND OF FRUITS AND NUTS� $2.25 REG./ $2.45 MID-GRADE/ $2.74 PREM./ $2.34 DIESEL)/ GOLD $942.53 [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.09 PLATINUM $1058 / DOLLAR= .78 EURO, 97 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Still Absolutely, Absurdly, Ridiculous! SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Modest losses relative to reality including news much worse than expected: �The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into depression. The report released Friday showed the economy sinking much faster than the 3.8 percent annualized drop for the October-December quarter first estimated last month which rallied stocks significantly to keep suckers suckered and commission dollars flowing. It also was considerably weaker than the 5.4 percent annualized decline economists expected�. �Economic data remains gloomy. Fourth quarter GDP was revised lower to reflect an annual rate of -6.2% versus a previously estimated -3.8%. The decrease in fourth quarter activity primarily reflected negative contributions from exports, personal consumption expenditures, equipment and software, and residential fixed investment�. Analyst previously said 2011-2014 earliest for bottoming at best. Another analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. �[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society. Economy moving in reverse faster than predicted�� �US economy suffers sharp nosedive ��Moody�s predicts default rate will exceed peaks hit in Great Depression ���Shares tumble across globe as figures reveal U.S. economy shrank 6% in last quarter - the fastest rate in 25 years ���Regulators close banks in Illinois, Nevada �FDIC Approves �Emergency� Fee on Banks to Bolster Reserves �����Banks and economy to keep bears' grip on stocks���� FDIC raising fees on banks, adds emergency fee (AP)���� AIG talks weigh securitizing life policies�..riiiiight!�: source��� BofA carries loans $44 billion above market value���� Citi, U.S. Reach Accord on a Third Bailout (at The Wall Street Journal Online)��� Tax hikes are coming -- but you already knew that��� Investors await Buffett letter as Berkshire hits 5-1/2 year lows�� Five reasons buying a home in 2009 is a bad idea���� Three Top Economists Agree 2009 Worst Financial Crisis/Depression Since Great Depression; Risks Increase if Right Steps are Not Taken (Business Wire)� WORST MONTH SINCE 1933 ����Paulson Was Behind Bailout Martial Law Threat��� Urban Warfare Drills Linked To Coming Economic Rage� CIA Adds Economy To Threat Updates ���Fed Hides Destination Of $2 Trillion In Bailout Money ���We Watch Now As Funds Get Vaporized Bob Chapman | Business will go on as usual in Washington and on Wall Street � as corrupt as ever. Moody�s predicts default rate will exceed peaks hit in Great Depression A bigger proportion of non-investment grade companies will go bust in the US and overseas in the coming years than during the Great Depression, according to Moody�s, one of the world�s foremost experts on credit. US economy suffers sharp nosedive BBC | The US economy shrank by 6.2% in the last three months of 2008, official figures have shown, a far sharper fall than had previously been reported. FDIC Approves �Emergency� Fee on Banks to Bolster Reserves Bloomberg | The Federal Deposit Insurance Corp. will charge U.S. banks a one-time assessment and increase other fees to replenish its insurance fund, adding $27 billion in costs to an industry already hobbled by the financial crisis. Citigroup Shares Down 36% | The Treasury, which has provided a total of $45 billion to Citigroup, left the door open for the bank to seek additional government funding. �
SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!�

(2-26-09) Dow 7,182.08 -88.81 -1.22% -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,391.47 -33.96 -2.38% -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500� 752.83 -12.07 -1.58% -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $45.22� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.94 (reg. gas in LAND OF FRUITS AND NUTS� $2.25 REG./ $2.45 MID-GRADE/ $2.74 PREM./ $2.34 DIESEL)/ GOLD $942.60� [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.95 PLATINUM $1058 / DOLLAR= .78 EURO, 97 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ��Still Absolutely, Absurdly, Ridiculous! SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Modest losses relative to reality including news much worse than expected: Banks lost $26.2 billion last quarter, GM lost $10 billion past month, FDIC problem bank list grows to 252, u.s. broke but $3.5 trillion spending plan and $1.75 trillion budget deficit, etc., �FDIC reported that at the end of the fourth quarter its list of troubled institutions grew to 252 from 171 at the end of the third quarter. The latest data indicated January durable goods orders fell a more-than-expected 5.2%. Excluding transportation, durable goods fell 2.5%, which was also steeper than expected. January new home sales fell more than expected to an annualized rate of 309,000 units, which is a record low. Jobless claims continue to rise beyond expectations. Initial claims climbed 36,000 to 667,000 from the prior week. Continuing claims came in just below 5.03 million, up from nearly 5.00 million in the prior reading�. �Analyst previously said 2011-2014 earliest for bottoming at best. Another analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. �[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society.� Americans receiving unemployment top 5 million�� Fannie Mae seeks $15.2B in US aid after 4Q loss��� $1.75T Deficit, Higher Taxes, "Bogus" Stimulus���� Obama�s Stimulus Bill is a Banker Contrived Debt Scam ���Obama�s War Machine Needs $800 Billion For 2009 ���A $1.75 TRILLION DEFICIT...� ��Small Businesses To Suffer From Obama�s Tax Hike ���Obama�s Budget: Almost $1 Trillion in New Taxes Over Next 10 yrs, Starting 2011 �ETF Advisers: Sell Into Market's Rally ���Paulson Was Behind Bailout Martial Law Threat��� Urban Warfare Drills Linked To Coming Economic Rage� CIA Adds Economy To Threat Updates ���Fed Hides Destination Of $2 Trillion In Bailout Money�� �US banks post first quarterly loss since 1990...�� Record Government Note Auction; Unprecedented amount of debt...�� More Fraud on Wall Street New York Times | WG Trading Company and Westridge Capital misappropriated funds from state and city pension funds, including Carnegie Mellon University and the University of Pittsburgh.� ��
Economic/trends/demographics forecaster/analyst Harry S. Dent says this Great Depression will bottom out (with no cognizable uptick till) early 2020�s, unemployment 14%-17%, 50%-60% decline in real estate values, dollar (and market) crash, etc. (close but no cigar), is realistic and starkly dismal in light of the convergance of major bubbles which are deflating,� so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(2-25-09) Dow 7,270.89 -80.05 -1.09% -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,425.43 -16.40 -1.14% -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500� 764.90 -8.24 -1.07% -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $42.50� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.94 (reg. gas in LAND OF FRUITS AND NUTS� $2.25 REG./ $2.45 MID-GRADE/ $2.74 PREM./ $2.34 DIESEL)/ GOLD $966.20� [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.87 PLATINUM $1035 / DOLLAR= .78 EURO, 97 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.93% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ���Absolutely, Absurdly, Ridiculous! Suckers� bear market/short-covering rally based on bull s**t/jawboning alone and bad news much worse than expected into the close to finish well off more realistic lows, to keep the suckers suckered so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Economic/trends/demographics forecaster/analyst Harry S. Dent says this Great Depression will bottom out (with no cognizable uptick till) early 2020�s, unemployment 14%-17%, 50%-60% decline in real estate values, dollar (and market) crash, etc. (close but no cigar), is realistic and starkly dismal in light of the convergance of major bubbles which are deflating. New b.s. talking point the convertible preferreds (all real analysts know to treat as converted said securities to account for dilution - and quite possibly nationalization), and then the so-called �stress-tests� for banks�riiiiight!�read those flat lines. �Analyst previously said 2011-2014 earliest for bottoming at best. Another analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. �[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society.�� ��Money managers accused of $550 million fraud (Reuters) TARP Said to Be Ripe for Fraud ��Existing U.S. home sales, prices drop in January�� Gannett slashes dividend 90 pct, saving $325M��� ETF Advisers: Sell Into Market's Rally ���Paulson Was Behind Bailout Martial Law Threat��� Urban Warfare Drills Linked To Coming Economic Rage ��Fed Hides Destination Of $2 Trillion In Bailout Money�� U.S. Consumer Confidence Collapsed to Record Low ��The Market Is Not Your Friend ��Bernanke says depression to linger�� Housing Prices in 20 U.S. Cities Fall a Record 18.5% �U.S. Economy: Consumer Confidence In Record Slump�� Ron Paul Grills Bernanke: �You Can�t Reinflate The Bubble� ���Stocks drop as Obama speech and housing data weigh �Gold investors make 120pc return in four months ���Bailout Bank Blows Millions Partying in L.A. �����How Credit Default Swaps Brought Down the World Economy ����Black Swan� Author Sees Trouble Exceeding 1930s ��Majority Of U.S. States Join Sovereignty Movement, Assert 10th Amendment Rights �New World Liberty | With the economy collapsing, it is a very real and immediate danger that the federal government can turn into a completely criminal and fascist government.� Rahm Emanuel Doesn�t Pay Taxes, So Why Should You? �Kurt Nimmo | Don�t expect Rahm Emanuel, Nancy Pelosi, Tim Geithner, Evan Bayh, and other minions of the elite to pay their �fair share.� After all, taxes are for the little people. �Previous (2-24-09), suckers� bear market/short-covering rally based on bull s**t/jawboning alone and bad news much worse than expected, to keep the suckers suckered so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!�

(2-24-09) Dow 7,350.94 +236.16 +3.32% -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,441.8 +54.11 +3.90% -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500 773.14 +29.81 +4.01% -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $39.96� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.94 (reg. gas in LAND OF FRUITS AND NUTS� $2.26 REG./ $2.45 MID-GRADE/ $2.74 PREM./ $2.47 DIESEL)/ GOLD $969.10� [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.98 PLATINUM $1038 / DOLLAR= .77 EURO, 96 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.79% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ���Absolutely, Absurdly, Ridiculous! Suckers� bear market/short-covering rally based on bull s**t/jawboning alone and bad news much worse than expected, to keep the suckers suckered so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Helicopter ben, the guy who said no recession even as now we know we were already in one (actually depression) told by handlers to be upbeat (how �bout just beat, burnt out, etc.) delivers still dire but sugar-coated for spin/consumption testimony/b.s.. Severe contraction�as in depression; recession/depression could end by end of year/beginning of 2010 if�and if his grandmother had wheels, she�d be a trolley car. Ridiculous bull s**t that got everyone here in the first place. Analyst chatter: talk about franchise value of banks ruined if nationalized, confidence at all-time low, end of 2010 before any recovery (if at all), orderly process of deleveraging, on defense till trends more believable; another-not there yet as contrarian indicators say otherwise and bearish industry view (newsletters); another- news bad as expected but confidence reading far worse than expected, downward momentum accelerated with occasional relief rallies at best; �analyst says 2011-2014 earliest for bottoming at best. One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. �[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society.�� Housing Prices in 20 U.S. Cities Fall a Record 18.5% �U.S. Economy: Consumer Confidence In Record Slump �U.S. consumer confidence collapsed this month and home values plunged in December, the latest evidence of a deepening economic slump that will last well into 2010 and beyond.� Analysts: New Era Of Chaos Has Taken Hold A wave of economists, investors and other financial experts issued a series of dire warnings concerning the global financial crisis over the weekend, stating that a new era of chaos has taken hold all over the globe.� Paulson Was Behind Bailout Martial Law Threat��� Urban Warfare Drills Linked To Coming Economic Rage ��Fed Hides Destination Of $2 Trillion In Bailout Money�� U.S. Consumer Confidence Collapsed to Record Low ��The Market Is Not Your Friend ��Bernanke says depression to linger �Get Ready for Mass Retail Closings ���Microsoft says no new cost cuts, shares hit 11-year low� Stanford a cog in the U.S. intelligence dirty money laundering machine ����How the Economy was Lost �����Unemployment (already past 9% in reality) Will Pass 9% This Year: NABE ��SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(2-23-09) Dow 7,114.78 -250.89 -3.41% -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,387.72 -53.51 -3.71% -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500 743.33 -26.72 -3.47% -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $38.44� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.94 (reg. gas in LAND OF FRUITS AND NUTS� $2.26 REG./ $2.45 MID-GRADE/ $2.74 PREM./ $2.47 DIESEL)/ GOLD $995� [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.45 PLATINUM $1058 / DOLLAR= .78 EURO, 94 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.76% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ���Still Absolutely, Absurdly, Ridiculous! Modest losses relative to reality as all news still decisively bad and despite prior suckers� bear market/short-covering rallies based on bull s**t/jawboning alone to keep the suckers suckered, a lot more downside to go so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Even the frauds on wall street who should be prosecuted are not buying the rhetoric/b.s. which is very, very, etc., short on detail, ie., spending money the broke u.s. doesn�t have for bailouts, while cutting the deficit in half in 4 years, etc.,�..riiiiiight! What economists / analysts are saying: Zandi - rapidly eroding economy; analyst � ugly�lots of bull s**t, no specifics/details, not pretty picture, equity holders of financials wiped out prospectively; Financial Times Editor � markets at new lows, nationalize or not (defacto they�re already nationalized), AIG trading at 50 cents has received $80 billion in bailout funds and just records loss of $60 billion, dire; bank analyst � downward pressure on financials particularly as dilution taken into account, write-offs, more capital needed, securitization market down, down, down and more capital necessary for writedowns; analyst � vicious bear, no faith in government plan, dismal! . One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society. �Wall Street slides to 12-year low�� New U.S. stake in Citigroup will not calm realities/doubts� �AIG in talks with U.S. government, sees $60 billion loss: source���� Pinnacle West shares fall on earnings, outlook (AP)��� LaSalle Hotel shares fall on analyst outlook (AP)� �Harley-Davidson shares fall on sales worries / realities (AP) ��Major stock market indexes fall to 1997 levels and much further down to go given realities��� Micron Tech to cut up to 2,000 more jobs in Idaho��� Asian shares slump after Dow hits 1997 low (at MarketWatch)��� The S&P 500's Incredibly Shrinking Market Cap The more they do, the worse it gets �Paulson Was Behind Bailout Martial Law Threat��� Fed Hides Destination Of $2 Trillion In Bailout Money�� The Great �Global Crisis of Maturity� and the New World Order ����World Financial System In A State Of Insolvency �����Urban Warfare Drills Linked To Coming Economic Rage ���Britain faces summer of rage ���Get Ready for Mass Retail Closings ����Yahoo Finance | About 220,000 stores will close this year in America.��� Editorials: Rewriting rules of global finance�� GLOBAL MARKETS-US stocks slide as bear grips harder, oil falls��� BACK TO 1997...�� �State sends $1 food stamp checks to 250,000...���� Obama pledges to slash deficit - after increase...��� Rosy assumptions...��� Philadelphia newspapers' owner files for bankruptcy...��� AIG Seeks More US Funds As Record Loss Looms...��� Advisers readying bankruptcy financing for automakers...���� BANK MESS: HSBC CONSIDERS $20B CASH CALL FROM INVESTORS...� �Sentiment Overview: Pessimists Increase by 18% ��Stocks: Horrible Start to 2008, Worse in 2009 ����Ex-Senate aide charged in Abramoff scandal�� THE FAILED INFLUENCE GAME: Stimulus still aiding K Street�� Swiss party wants to punish USA for UBS bank probe... Developing...�� Japan stocks fall after lender seeks bankruptcy (AP)�� Gov't reportedly mulls dilution, more obfuscation, and more money down the rabbit hole by taking larger stake in Citi (AP)�� RBS prepares to unveil global downsizing plan� Richard Russell: Bear Market Remains in Force ���Summary of Global Investment Returns Yearbook 2009 ���The New Depression - The Lessons of the 1930s ���Markets May be Said to be Oversold (Again), But Decisive Rally Won�t Be Forthcoming as Much Worse and Much More Selling to Come ��Philly newspaper owner files for Chapter 11 (AP)��

EMBRACE THE BEAR By Rev Shark There is an old saying that in a bear market, we slide down the slope of hope. Unfortunately, we have seen plenty of good examples of how that works over the past year. We have had dozens of new initiatives to try to bolster the economy that create hope for a few days. The market will get excited and we'll have some big point gains, but then doubts begin to surface about how easily it will be to turn this economic supertanker that is going over a waterfall. The buying stalls out, a few dip-buying attempts are made, but eventually we break support levels and more downside ensues. That is classic bear market action but the standard Wall Street reaction is to not accept it�[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc. - Analyst Andre Egleshion puts the amount at $600+trillion] �INVESTORS AREN'T FOOLED (at least today) By Rev Shark The poor market action today is most likely due to the realization that economic stimulus isn't going to be nearly as simple or easy (or effective) as it sounds. We aren't going to spend our way out of this economic spiral �We'd probably be better off if the government did less rather than more. The great likelihood is that the unintended consequences we suffer will prolong the whole cycle. We have to let some bad businesses and financial institutions fail�

 

�Previous (2-20-09), stocks tumbled around the world, sending the Standard & Poor�s 500 Index to its biggest weekly drop since November, on concern the deepening recession will force banks to seek more government aid. Europe�s Dow Jones Stoxx 600 Index slid to a six-year low, and Japan�s Topix Index declined to the worst level since 1984.� Analysts saying impossible to predict bottom in this dismal scenario, nationalization concerns, not bottomed yet, new bear market lows. Art Hogan says greater than 50% is defacto nationalization anyway and nothing left for shareholders, pricing mechanism for toxic assets problematic along with negative capitalization ratios, new lows in offing, gold for capital preservation along with treasuries and money markets. Nader says depression. There�s no end/bottom in sight. One says 2011-2014 earliest for bottoming at best and that nationalization means politization. One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society. SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(2-20-09) Dow 7,365.67 -100.28 -1.34% -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,441.23 -1.59 -0.11% -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500 770.05 -8.89 -1.14% -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $38.94� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.79 (reg. gas in LAND OF FRUITS AND NUTS� $2.26 REG./ $2.45 MID-GRADE/ $2.74 PREM./ $2.47 DIESEL)/ GOLD $1,002.20� [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.39 PLATINUM $1095 / DOLLAR= .77 EURO, 93 YEN, .69POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.78% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ���Still Absolutely, Absurdly, Ridiculous! Modest losses relative to reality as all news still decisively bad and suckers bear market/short-covering rally into the close based on bull s**t/jawboning alone to keep the suckers suckered so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� :� Stocks tumbled around the world, sending the Standard & Poor�s 500 Index to its biggest weekly drop since November, on concern the deepening recession will force banks to seek more government aid. Europe�s Dow Jones Stoxx 600 Index slid to a six-year low, and Japan�s Topix Index declined to the worst level since 1984.� Analysts saying impossible to predict bottom in this dismal scenario, nationalization concerns, not bottomed yet, new bear market lows. Art Hogan says greater than 50% is defacto nationalization anyway and nothing left for shareholders, pricing mechanism for toxic assets problematic along with negative capitalization ratios, new lows in offing, gold for capital preservation along with treasuries and money markets. Nader says depression. There�s no end/bottom in sight. One says 2011-2014 earliest for bottoming at best and that nationalization means politization. One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society. SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� ��Major indexes fall more than 6 percent for week�� The Great Depression has Arrived- Collapsing American Dreams ���Defacto if not dejure nationalization realities hit Citi, BofA�� Soros sees no bottom for world financial "collapse"� Trustee: Some Madoff stock trades were fiction�� Morgan Stanley offers $3 billion broker bonuses, Wells none (Reuters)�� Gold Hits $1,000 ��Ron Paul: Stimulus �Waste of Money� ����The Inconveninent Debt ���Gold Tops $1,000, First Time Since March as Depression Deepens ���Stocks Drop Around the World; Stoxx 600 Falls to 6-Year Low ���Fed Hides Destination Of $2 Trillion In Bailout Money ��The United States was in much better shape, economically, going into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We are in a lot of trouble��More Economists Say Crisis Is Worse Than Great Depression ��Previous (2-18-09), all news much worse than expected as new home starts plunge 17% (-56% year over year), fed/bernanke downgrades economic forecast (rallied stocks when he made same which was bull s**t then as pointed out here) predicting reality of contraction which he says will be protracted, prolonged and increased unemployment (9%) though reality is much worse than they�re once again (falsely) predicting (we�re already significantly past 9% unemployment) and as one economist points out, in an economic freefall. bernanke�s outlook realistically dismal which sentiment is shared by analysts/economists who envision no bottoming until well into 2010 at best because�..this is a DEPRESSION!� Previous (2-19-09), �Initial jobless claims totaled 627,000, topping the 620,000 claims that were expected. Initial claims were unchanged week-over-week, while the four-week moving average moved up to 619,000 from 608,500. Continuing claims reached record highs of 4.99 million. Economists forecast 4.81 million continuing claims. The four-week moving average for continuing claims stands at 4.84 million, up from 4.75 million. Jobless claims were a drag on the January index of leading economic indicators, which increased 0.4%, exceeding the consensus forecast of a 0.1% increase. An increase in the money supply proved to be the main driver lifting the index, but the increased money supply contributes to inflationary concerns. Producer prices, which measure inflation, increased more than expected in January. The January PPI and core PPI were up 0.8% and 0.4%, respectively.� Philly fed manufacturing index at 18 year low. The easiest to forecast leading economic indicator was fudged to the upside, though still marginal,� with said fake number substantially exceeding all private forecasts (stock prices, auto, housing, employment, etc., all down sharply in subject month�..hence, I don�t think so and fake report). Analysts saying stimulus plan not stimulative, specter of bank nationalization (banks insolvent), loss of pricing power across most all industries, and then the plethora of very bad economic/financial data with breakthrough technical bottoms, looking for violent sell-off/capitulation to provide minimal/short-lived bear market rallies, with some ephemeral opportunities among defensive stock plays, ie., whole foods (pricing power), auto parts (refurbishing old cars). One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society. SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!�

(2-19-09) Dow� 7,465.95 -89.68 -1.19% -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,442.82 -25.15 -1.71% -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 500 778.94 -9.48 -1.20% -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $38.79� (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.79 (reg. gas in LAND OF FRUITS AND NUTS� $2.26 REG./ $2.45 MID-GRADE/ $2.74 PREM./ $2.47 DIESEL)/ GOLD $976.51 [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.95 PLATINUM $1065 / DOLLAR= .79 EURO, 93 YEN, .70 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.86% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ���Still Absolutely, Absurdly, Ridiculous! Modest losses relative to reality as all news decisively bad: �Initial jobless claims totaled 627,000, topping the 620,000 claims that were expected. Initial claims were unchanged week-over-week, while the four-week moving average moved up to 619,000 from 608,500. Continuing claims reached record highs of 4.99 million. Economists forecast 4.81 million continuing claims. The four-week moving average for continuing claims stands at 4.84 million, up from 4.75 million. Jobless claims were a drag on the January index of leading economic indicators, which increased 0.4%, exceeding the consensus forecast of a 0.1% increase. An increase in the money supply proved to be the main driver lifting the index, but the increased money supply contributes to inflationary concerns. Producer prices, which measure inflation, increased more than expected in January. The January PPI and core PPI were up 0.8% and 0.4%, respectively.� Philly fed manufacturing index at 18 year low. The easiest to forecast leading economic indicator was fudged to the upside, though still marginal,� with said fake number substantially exceeding all private forecasts (stock prices, auto, housing, employment, etc., all down sharply in subject month�..hence, I don�t think so and fake report). Analysts saying stimulus plan not stimulative, specter of bank nationalization (banks insolvent), loss of pricing power across most all industries, and then the plethora of very bad economic/financial data with breakthrough technical bottoms, looking for violent sell-off/capitulation to provide minimal/short-lived bear market rallies, with some ephemeral opportunities among defensive stock plays, ie., whole foods (pricing power), auto parts (refurbishing old cars). One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted and forced disgorgement. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society. SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Jobless Claims Hit Record High; Inflation Jumps ���Dow falls to 6-year low as banks slide� Wholesale inflation takes biggest jump in 6 months ��Dow Closes at New Bear-Market Low �Dow Theorists spot a bear�� Rising debt will overwhelm Obama�s effort to rescue the economy ���Bank debt trades at distressed levels (at FT.com) �5 million Americans drawing jobless benefits� AP IMPACT: Jobless hit with bank fees on benefits (AP)�� FBI tracks down Texas financier in fraud case (AP)��� FBI finds Allen Stanford in Virginia�� Stanford curried influence in DC: watchdog group�� PC makers' shares fall on worsening demand���� BofA and Citi shares fall on defacto or dejure nationalization near���� GE shares dip to lowest since 1995�� �Feb. could be worst month yet for jobless claims��� Fitch downgrades Marriott on lodging softness (AP)� Fed downgrades economic forecast for this year ���The United States was in much better shape, economically, going into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We are in a lot of trouble��More Economists Say Crisis Is Worse Than Great Depression ��Previous (2-18-09), all news much worse than expected as new home starts plunge 17% (-56% year over year), fed/bernanke downgrades economic forecast (rallied stocks when he made same which was bull s**t then as pointed out here) predicting reality of contraction which he says will be protracted, prolonged and increased unemployment (9%) though reality is much worse than they�re once again (falsely) predicting (we�re already significantly past 9% unemployment) and as one economist points out, in an economic freefall. bernanke�s outlook realistically dismal which sentiment is shared by analysts/economists who envision no bottoming until well into 2010 at best because�..this is a DEPRESSION!

(2-18-09) Dow� 7,555.63 +3.00 +0.04% -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,467.97 -2.69 -0.18% -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� 788.42 -0.75 -0.10% -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $34.62 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.79 (reg. gas in LAND OF FRUITS AND NUTS� $2.26 REG./ $2.45 MID-GRADE/ $2.74 PREM./ $2.51 DIESEL)/ GOLD $977.70 [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.58 PLATINUM $1098.90 / DOLLAR= .78 EURO, 92 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.76% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ���Absolutely, Absurdly, Ridiculous! All news much worse than expected as new home starts plunge 17% (-56% year over year), fed/bernanke downgrades economic forecast (rallied stocks when he made same which was bull s**t then as pointed out here) predicting reality of contraction which he says will be protracted, prolonged and increased unemployment (9%) though reality is much worse than they�re once again (falsely) predicting (we�re already significantly past 9% unemployment) and as one economist points out, in an economic freefall. bernanke�s outlook realistically dismal which sentiment is shared by analysts/economists who envision no bottoming until well into 2010 at best because�..this is a DEPRESSION! One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality.� Not Just a Few Bad Apples - Corruption is Systemic in America �In case you believe that there are only �a couple of bad apples� in the United States, here is an off-the-top-of-his-head (I could give many, many more including my RICO case) list of corruption by leading pillars of american society. SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

EMBRACE THE BEAR By Rev Shark There is an old saying that in a bear market, we slide down the slope of hope. Unfortunately, we have seen plenty of good examples of how that works over the past year. We have had dozens of new initiatives to try to bolster the economy that create hope for a few days. The market will get excited and we'll have some big point gains, but then doubts begin to surface about how easily it will be to turn this economic supertanker that is going over a waterfall. The buying stalls out, a few dip-buying attempts are made, but eventually we break support levels and more downside ensues. That is classic bear market action but the standard Wall Street reaction is to not accept it�[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc. - Analyst Andre Egleshion puts the amount at $600+trillion] �INVESTORS AREN'T FOOLED (at least today) By Rev Shark The poor market action today is most likely due to the realization that economic stimulus isn't going to be nearly as simple or easy (or effective) as it sounds. We aren't going to spend our way out of this economic spiral �We'd probably be better off if the government did less rather than more. The great likelihood is that the unintended consequences we suffer will prolong the whole cycle. We have to let some bad businesses and financial institutions fail�

Not Just a Few Bad Apples - Corruption is Systemic in America ���Fed downgrades economic forecast for this year �Fed says US economy will get worse in 2009�� Bernanke cuts growth view, considers inflation target �Hundreds seek their money as Stanford fallout spreads�� HP cuts full year outlook (Reuters)�� UBS to pay $780M, open secret Swiss bank records��� Billionaire's bank customers denied their deposits��� HP profit slumps 13 pct on weak PC and ink sales�� [$$] Dow ends little-changed amid slew of grim news (at The Wall Street Journal Online)��� The Bull's Case for Buying Gold��� �...starts, permits plunge to new record lows SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

� Previous (2-17-09), modest losses relative to reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(2-17-09) Dow� 7,552.60 -297.81 -3.79% -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,470.66 -63.70 -4.15% -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 789.17 -37.67 -4.56% -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $34.93 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.74 (reg. gas in LAND OF FRUITS AND NUTS� $2.22 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $967.51 [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.05 PLATINUM $1098.30 / DOLLAR= .78 EURO, 92 YEN, .70 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.89% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ���Still Absolutely, Absurdly, Ridiculous! Modest losses relative to reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Analysts say not very encouraging, market saying stimulus will not work, lots of toxic assets still out their, nothing safe in bear market, oil to $80, gold appropriate hedge against deflation and inflation and deserves spot in portfolios, no turnaround anytime soon, and tough-sledding ahead. ï¿½ï¿½The United States was in much better shape, economically, going into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We are in a lot of trouble��More Economists Say Crisis Is Worse Than Great Depression Joint Chiefs chairman calls fiscal calamity a bigger threat than any war ��GM seeks up to $30B in aid, to cut 47,000 jobs (AP)�� GM and Chrysler seek nearly $22 billion more in aid�� Stocks sink to November lows on depression fears��� U.S. charges Allen Stanford with "massive" fraud��� Reality about expensive, flawed, failed stimulus drag stocks down sharply (AP) ���It�s Getting Ugly: Economist Says Hoard Gold & Scotch Paul Joseph Watson | Williams predicts hyperinflationary depression will mean a $100 dollar bill is worth less than toilet paper.� 65 Trillion - U.S. Financial Obligations Exceed The Entire World�s GDP ��A �Monetary Stalingrad� is on its way to Europe ��Kansas suspends income tax refunds, may miss payroll ���Europe�s economic slump deeper than expected �Total desperation by frauds on wall street. One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. Indeed, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so SELL /SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �GM seeks up to $30B in aid, to cut 47,000 jobs (AP)�� America's Insolvent Banks (at Seeking Alpha)� Gold Jumps to 7-Month High as Investors Seek to Preserve Wealth ���Stocks sink to 3-month lows ���GM and Chrysler seek nearly $22 billion more in aid�� Stocks sink to November lows on depression fears��� U.S. charges Allen Stanford with "massive" fraud��� Reality about expensive, flawed, failed stimulus drag stocks down sharply (AP)�� It�s Getting Ugly: Economist Says Hoard Gold & Scotch Paul Joseph Watson | Williams predicts hyperinflationary depression will mean a $100 dollar bill is worth less than toilet paper.� 65 Trillion - U.S. Financial Obligations Exceed The Entire World�s GDP ��A �Monetary Stalingrad� is on its way to Europe ��Kansas suspends income tax refunds, may miss payroll ���Europe�s economic slump deeper than expected ���WORLD TO STAY IN SLUMP�� Previous(2-13-09), modest losses relative to reality inasmuch as outlook remains bleak with data (though sugar-coated, inflated, false to provide more favorable b.s. talk points) dismal as consumer confidence down sharply ((56.2 vs. 61.2 previous, job losses continue as do earnings declines/losses, bankruptcies, defaults, etc., so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Analysts negative regarding level of uncertainty, skepticism regarding more stimulus/bailout money down the rabbit hole, longer-term considerations of deflation/hyperinflation, and particularly the valuation of assets in any of the bailouts, etc.. Oil inventories high but production cuts will weigh heavily later. [$$] Long-Term Dow Chart Suggests More Downside ��Large U.S. banks on edge of insolvency, experts say ��Regulators close banks in Neb., Fla., Ill., Ore.� GOLD Separating from the US DOLLAR-Banks insolvent ����Another $3T of U.S. Debt: Don't Count on Foreigners to Pay for Our Bailouts �����U.S. auto suppliers seek $18.5 billion in government aid�� How Banks Are Worsening the Foreclosure Crisis ���Stocks fall as investors can't shake economic woes�� Huge stimulus bill only the beginning of the end, substantial investment in Weimar dollar printing presses/operators envisioned: Obama�� Will the stimulus actually stimulate? Economists say no ����This is 1930 all over again and far worse �Federal obligations exceed world GDP...�� Euro Zone Sees Biggest Contraction on Record ���Previous (2-12-09), suckers� bear market rally with 200+ point upswing into the close based on b**l s**t alone on continuing bad news including� increasingly high job loss/unemployment numbers (though vastly understated), unexpected (euphemistic for false) +1% January retail, and leak of yet the new latest, greatest, economic �stimulus�/subsidy, etc., so especially great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! 23% decrease in wealth in u.s. and much further to go. Fed printing worthless Weimar dollars like mad (ultimately, inevitably hyperinflationary)� while treasury securities bubble gets bigger (stay away from treasuries � TIPS/treasury inflation protected securities only). Total desperation by frauds on wall street. One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. Indeed, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. Obama�s Stimulus Not Enough to Avert Biggest GDP Drop Since 1946� Bloomberg | Obama�s stimulus plan will be insufficient to avert the biggest U.S. economic decline since 1946 as consumer spending posts its longest slide on record.� ����Marc Faber: U S will default on debt or enter hyperinflation �YouTube | Mr. Faber predicts the Zimbabwe model for the United States. Home Prices Slide 12%, Most on Record, as Foreclosures Drain Value...�� Deluge of Financial Calamities Looming by Mid-March ��Retail sales rebound, jobless claims stay high�� ABCNEWS: CATERPILLAR CEO contradicts Obama: 'We're going to have more layoffs before we start hiring again'... �Retail sales rise unexpectedly (false report) in January������ Wells Fargo charge boosts fourth quarter loss (Reuters)��� Oh yet another new mortgage plan news is bs purported reason for spurring late suckers bear market stock rally�� The Market and geithner's Empty Suit No Plan ����SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(2-13-09) Dow� 7,850.41 -82.35 -1.04% -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,534.36 -7.35 -0.48% -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 826.84 -8.35 -1.00%-8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $37.51 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.74 (reg. gas in LAND OF FRUITS AND NUTS� $2.22 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $935 [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.28 PLATINUM $1069 / DOLLAR= .77 EURO, 91 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.89% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ����Still Absolutely, Absurdly, Ridiculous!� Modest losses relative to reality inasmuch as outlook remains bleak with data (though sugar-coated, inflated, false to provide more favorable b.s. talk points) dismal as consumer confidence down sharply ((56.2 vs. 61.2 previous, job losses continue as do earnings declines/losses, bankruptcies, defaults, etc., so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Analysts negative regarding level of uncertainty, skepticism regarding more stimulus/bailout money down the rabbit hole, longer-term considerations of deflation/hyperinflation, and particularly the valuation of assets in any of the bailouts, etc.. Oil inventories high but production cuts will weigh heavily later. [$$] Long-Term Dow Chart Suggests More Downside ��Large U.S. banks on edge of insolvency, experts say ��Regulators close banks in Neb., Fla., Ill., Ore.� GOLD Separating from the US DOLLAR-Banks insolvent ����Another $3T of U.S. Debt: Don't Count on Foreigners to Pay for Our Bailouts �����U.S. auto suppliers seek $18.5 billion in government aid�� How Banks Are Worsening the Foreclosure Crisis ���Stocks fall as investors can't shake economic woes�� Huge stimulus bill only the beginning of the end, substantial investment in Weimar dollar printing presses/operators envisioned: Obama�� Will the stimulus actually stimulate? Economists say no ����This is 1930 all over again and far worse �Federal obligations exceed world GDP...�� Euro Zone Sees Biggest Contraction on Record ���Previous (2-12-09), suckers� bear market rally with 200+ point upswing into the close based on b**l s**t alone on continuing bad news including� increasingly high job loss/unemployment numbers (though vastly understated), unexpected (euphemistic for false) +1% January retail, and leak of yet the new latest, greatest, economic �stimulus�/subsidy, etc., so especially great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! 23% decrease in wealth in u.s. and much further to go. Fed printing worthless Weimar dollars like mad (ultimately, inevitably hyperinflationary)� while treasury securities bubble gets bigger (stay away from treasuries � TIPS/treasury inflation protected securities only). Total desperation by frauds on wall street. One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. Indeed, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. Obama�s Stimulus Not Enough to Avert Biggest GDP Drop Since 1946� Bloomberg | Obama�s stimulus plan will be insufficient to avert the biggest U.S. economic decline since 1946 as consumer spending posts its longest slide on record.� ����Marc Faber: U S will default on debt or enter hyperinflation �YouTube | Mr. Faber predicts the Zimbabwe model for the United States. Home Prices Slide 12%, Most on Record, as Foreclosures Drain Value...�� Deluge of Financial Calamities Looming by Mid-March ��Retail sales rebound, jobless claims stay high�� ABCNEWS: CATERPILLAR CEO contradicts Obama: 'We're going to have more layoffs before we start hiring again'... �Retail sales rise unexpectedly (false report) in January������ Wells Fargo charge boosts fourth quarter loss (Reuters)��� Oh yet another new mortgage plan news is bs purported reason for spurring late suckers bear market stock rally�� The Market and geithner's Empty Suit No Plan ����SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(2-12-09)� 7,932.76 -6.77 -0.09% -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October 1,541.71 +11.21 +0.73% -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� 835.19 +1.45 +0.17% -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $35.94 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.74 (reg. gas in LAND OF FRUITS AND NUTS� $2.22 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $948.51[video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.51 PLATINUM $1069 / DOLLAR= .77 EURO, 90 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.78% �..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���. �WORST ECONOMIC COLLAPSE EVER� ����Absolutely, Absurdly, Ridiculous!� Suckers� bear market rally with 200+ point upswing into the close based on b**l s**t alone on continuing bad news including� increasingly high job loss/unemployment numbers (though vastly understated), unexpected (euphemistic for false) +1% January retail, and leak of yet the new latest, greatest, economic �stimulus�/subsidy, etc., so especially great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! 23% decrease in wealth in u.s. and much further to go. Fed printing worthless Weimar dollars like mad (ultimately, inevitably hyperinflationary)� while treasury securities bubble gets bigger (stay away from treasuries � TIPS/treasury inflation protected securities only). Total desperation by frauds on wall street. One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. Indeed, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. Obama�s Stimulus Not Enough to Avert Biggest GDP Drop Since 1946� Bloomberg | Obama�s stimulus plan will be insufficient to avert the biggest U.S. economic decline since 1946 as consumer spending posts its longest slide on record.� ����Marc Faber: U S will default on debt or enter hyperinflation �YouTube | Mr. Faber predicts the Zimbabwe model for the United States. Home Prices Slide 12%, Most on Record, as Foreclosures Drain Value...�� Deluge of Financial Calamities Looming by Mid-March ��Retail sales rebound, jobless claims stay high�� ABCNEWS: CATERPILLAR CEO contradicts Obama: 'We're going to have more layoffs before we start hiring again'... �Retail sales rise unexpectedly (false report) in January������ Wells Fargo charge boosts fourth quarter loss (Reuters)��� Oh yet another new mortgage plan news is bs purported reason for spurring late suckers bear market stock rally�� The Market and geithner's Empty Suit No Plan ����SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

 

(2-11-09)� 7,939.53 +50.65 +0.64% -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October 1,530.50 +5.77 +0.38% -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� 833.74 +6.58 +0.80% -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $35.94 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.74 (reg. gas in LAND OF FRUITS AND NUTS� $2.18 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $943.80� [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.53 PLATINUM $1080 / DOLLAR= .77 EURO, 90 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.78% � ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���Absolutely, Absurdly, Ridiculous!� Suckers bear market rally into the close based upon the bailout/stimulus fairy tale so SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Reality speaks for itself so the following latest news links (job loss/cut anouncements too numerous for inclusion and real numbers/data worse than false/gov�t/shill reports) plus previous 2-10-09 assessment which follows. �WORST ECONOMIC COLLAPSE EVER� �In 2009 were going to see the worst economic collapse ever, the Greatest Depression, says Gerald Celente, U.S. trend forecaster. He believes its going to be very violent in the U.S., including there being a tax revolt.��� This DEPRESSION will last 23-26 YEARS! Government is POWERLESS! �We are facing a Depression that will last 23-26 years. The response of government is going to seal our fate because they cannot learn from the past and will make the same mistakes that every politician has made before them.� ���Economic Rescue Plan: More Debt, More Dollar Devaluation And More Government ����Larry Summers: Fox Guarding The Henhouse ���COMEX Crash To Send Gold To $3,000 ���Gold jumps 3 pct to 6-1/2 mth high on risk aversion ���Highest Unemployment in Three Decades ���Economic Rescue Plan: More Debt, More Dollar Devaluation And More Government ���PAPER: European banks sitting on $24 trillion of toxic assets... The Day After: Stocks Struggle to Overcome Geithner's Stumble, RIM's Warning���� Why Americans Should Care More About the $2-$5T Bailout vs. the $789B Stimulus ��Ireland to take control of banks...�� Popular Rage Grows as Global Crisis Worsens �Previously (2-10-09) only modest drop relative to reality as pointed out by analyst Frank Cochrane who looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. There seems near unanimity by astute people in the know that timothy (only the little people pay taxes) geithner is just not up to the job. Indeed, his apparent Freudian slip �arrest it� must have been a manifestation of his guilt for purposely evading taxes [he still after audit and before confirmation has not paid the taxes he asserted as time-barred for collection (should have been arrested)], and then there�s the $4 trillion missing at the New York fed (and hence his prospective arrest), and now even more obfuscation with regard to taxpayer funds (possible future arrest?). A career bureaucrat, one economist/analyst points out that tiny tim geithner is not an economist and his so-called plan is without a plan yet we�re now talking in trillions. Helicopter ben bernanke paints realistically bleak outlook [though rosier than reality The Economist, a Widely Respected and Authoritative Financial/Economic Publication: U.S. In Depression, Not Recession �����Video: Crash Will be Worse than Great Depression ��Great Recession/Depression of 2008, et seq., Worse Than All Others� IMF warns of Great Depression ��Stocks Could Drop 20%, No Safe Haven: Dr. Reality ���Celente Correctly Predicts Revolution, Food Riots, Tax Rebellions By 2012 �Former chief economist: U.S. in a depression ��Merrill Lynch�s Chief Economist: We�re Already In a Depression �Ray Dalio: A Long and Painful Depression - Barron's Interview���� ���Trendsresearch.com forecast for 2009� , job losses like mad, and don�t believe the understated unemployment rates] seems flustered, impotent but really should allow alan greenspan his due for the current debacle. How about charging, arresting, and prosecuting the perpetrators of the massive fraud instead of using taxpayer funds to bail them out (especially since they�re now buying the fraudulent, worthless securities as well as talking funny books � they already have the funny money being printed like mad).� One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted. Indeed, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so especially great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!�

(2-10-09)� 7,888.88 -381.99 -4.62% -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October 1,524.73 -66.83 -4.20% -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� 827.16 -42.73 -4.91% -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $37.55 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.74 (reg. gas in LAND OF FRUITS AND NUTS� $2.18 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $913.74 [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.19 PLATINUM $1035 / DOLLAR= .77 EURO, 90 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.83% � ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ���Still Absolutely, Absurdly, Ridiculous!� Only modest drop relative to reality as pointed out by analyst Frank Cochrane who looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. There seems near unanimity by astute people in the know that timothy (only the little people pay taxes) geithner is just not up to the job. Indeed, his apparent Freudian slip �arrest it� must have been a manifestation of his guilt for purposely evading taxes [he still after audit and before confirmation has not paid the taxes he asserted as time-barred for collection (should have been arrested)], and then there�s the $4 trillion missing at the New York fed (and hence his prospective arrest), and now even more obfuscation with regard to taxpayer funds (possible future arrest?). A career bureaucrat, one economist/analyst points out that tiny tim geithner is not an economist and his so-called plan is without a plan yet we�re now talking in trillions. Helicopter ben bernanke paints realistically bleak outlook [though rosier than reality The Economist, a Widely Respected and Authoritative Financial/Economic Publication: U.S. In Depression, Not Recession �����Video: Crash Will be Worse than Great Depression ��Great Recession/Depression of 2008, et seq., Worse Than All Others� IMF warns of Great Depression ��Stocks Could Drop 20%, No Safe Haven: Dr. Reality ���Celente Correctly Predicts Revolution, Food Riots, Tax Rebellions By 2012 �Former chief economist: U.S. in a depression ��Merrill Lynch�s Chief Economist: We�re Already In a Depression �Ray Dalio: A Long and Painful Depression - Barron's Interview���� ���Trendsresearch.com forecast for 2009� , job losses like mad, and don�t believe the understated unemployment rates] seems flustered, impotent but really should allow alan greenspan his due for the current debacle. How about charging, arresting, and prosecuting the perpetrators of the massive fraud instead of using taxpayer funds to bail them out (especially since they�re now buying the fraudulent, worthless securities as well as talking funny books � they already have the funny money being printed like mad).� One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted. Indeed, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so especially great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!�

(2-9-09)� 8,270.87 -9.72 -0.12% -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October 1,591.56 -0.15 -0.01% -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� 869.89 +1.29 +0.15% -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $39.56 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.74 (reg. gas in LAND OF FRUITS AND NUTS� $2.18 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $892.40 [video] Gold Surges ��Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.83 PLATINUM $995.90 / DOLLAR= .77 EURO, 90 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3% � ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ����Absolutely, Absurdly, Ridiculous!� Suckers� bear market/short-covering rally into the close to end mixed based on continuing bad news including� new job cuts/losses including 20,000 from Nissan, etc., so still great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Barron�s: Economist/analyst says depression has long way to go and lot�s of prospective pain Ray Dalio: A Long and Painful Depression - Barron's Interview �. Analysts talk up adage, �buy on rumor, sell on news� regarding ie., bailouts, bailouts, bailouts, with money they don�t have as total now approaches $9.7 trillion (printing those worthless Weimar dollars like mad, ultimately/inevitably hyperinflationary), buy gold on dips; short-covering rally via irrational exuberance induced bailout news, downside volatility, dilution (stock issued will dilute EPS), stimulus won�t work, lottery stocks (financials) based on short-term blips based on b.s./bailout news alone.� Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted. Indeed, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so especially great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!�� Ray Dalio: A Long and Painful Depression - Barron's Interview���� �

(2-6-09)� 8,280.59 +217.52 +2.70% -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October 1,591.71 +45.47 +2.94% -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� 868.60 +22.75 +2.69% -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $40.17 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $2.13 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $913.90� [video] Gold Surges �Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.08 PLATINUM $979 / DOLLAR= .77 EURO, 90 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.91%� � � ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ��Absolutely, Absurdly, Ridiculous!� Suckers� bear market rally based on especially bad news, viz., �depression-battered employers eliminated 598,000 jobs in January, the most since the end of 1974, bringing unemployment rate to 7.6 percent, the grim figures being further proof that the nation's job climate is deteriorating at an alarming clip with no end in sight.�� Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says spending/stimulus programs will not work, a point on which he is correct and the low end of his ranges closer to reality. Economy so weak oil demand and price down but oil stocks rallied in the alice-in-wonderland fraudulent world of wall street so so especially great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� �The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so especially great opportunity to SELL/TAKE PROFITS SINCE MUCH, MUCH WORSE TO COME!� ���

EMBRACE THE BEAR By Rev Shark There is an old saying that in a bear market, we slide down the slope of hope. Unfortunately, we have seen plenty of good examples of how that works over the past year. We have had dozens of new initiatives to try to bolster the economy that create hope for a few days. The market will get excited and we'll have some big point gains, but then doubts begin to surface about how easily it will be to turn this economic supertanker that is going over a waterfall. The buying stalls out, a few dip-buying attempts are made, but eventually we break support levels and more downside ensues. That is classic bear market action but the standard Wall Street reaction is to not accept it�[The upshot is that the fraud continues in churn-and-earn fashion with investors, taxpayer, etc., getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.] �INVESTORS AREN'T FOOLED (at least today) By Rev Shark The poor market action today is most likely due to the realization that economic stimulus isn't going to be nearly as simple or easy (or effective) as it sounds. We aren't going to spend our way out of this economic spiral �We'd probably be better off if the government did less rather than more. The great likelihood is that the unintended consequences we suffer will prolong the whole cycle. We have to let some bad businesses and financial institutions fail�

����� Real Unemployment Figures Double Those Reported By Labor Department Paul Joseph Watson | 7.6% is actually over 15% - just 9% shy of figure at height of great depression.�� Financial Coup d�Etat �����Rep. Kanjorski: $550 Billion Disappeared in �Electronic Run On the Banks� �U.S. job losses accelerate��� Fed's Yellen sees dynamics similar to Depression��� Regulators close 3 more U.S. banks��� Consumer credit falls more than expected in Dec.�� Peter Schiff: Stimulus Bill Will Lead to �Unmitigated Disaster� ���Nearly 600K jobs lost in Jan.; more pain ahead��� Peter Schiff: Why I'm Right About the Substantial Further Decline and My Critics Are All Wrong ���There is a high chance a majority of the States within the United States of America could file for Chapter 9 bankruptcy. There are currently 46 states with high budget deficits, Arizona being one of them. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� �

(2-5-09)� 8,063.07 +106.41 +1.34% -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October 1,546.24 +31.19 +2.06% -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� 845.85 +13.62 +1.64% -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $41.17 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $2.13 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $901.60� [video] Gold Surges �Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.47 PLATINUM $969.70 / DOLLAR= .77 EURO, 90 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.91%� � � ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ��Absolutely, Absurdly, Ridiculous!� Suckers� bear market rally based on especially bad news, ie., record level monthly unemployment numbers much worse than expected 626,000, factory orders down, IMF says no breakthrough in stabilizing financial sector, etc., but irrational exuberance on bailout talk and prospect of not only funny money but now funny assets with proposed new accounting rules to hide financial reality (dismal) so great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� EMBRACE THE BEAR By Rev Shark There is an old saying that in a bear market, we slide down the slope of hope. Unfortunately, we have seen plenty of good examples of how that works over the past year. We have had dozens of new initiatives to try to bolster the economy that create hope for a few days. The market will get excited and we'll have some big point gains, but then doubts begin to surface about how easily it will be to turn this economic supertanker that is going over a waterfall. The buying stalls out, a few dip-buying attempts are made, but eventually we break support levels and more downside ensues. That is classic bear market action but the standard Wall Street reaction is to not accept it� U.S. jobless claims surge in latest week to 626,000 ����Parallels With the Great Depression ���Obama Warns of �Catastrophe:� What Happened to �Hope� and �Change?� ����NEWS CORP loses $6.4 billion...� ...writedowns ����GE chief warns on USA depression threat...����� Watchdog: Treasury overpaid for bank stocks...��� USA Must Spend Trillions they don�t have to prevent a long-lasting� Depression'...���� GERMAN BANK FIRST LOSS SINCE WWII OWING TO AMERICAN SECURITIES FRAUD DEBACLE; REJECTS STATE AID...��� MCCLATCHY reports loss on newspapers' decline, plans deep cost cuts...��� Treasury in plans for record debt sale...��� Accounting rule change for more cook the books fraud and bailout hopes spur Wall St. rally��� New jobless claims surge to 26-year high��� Auto suppliers seek rescue as crisis deepens�� SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!�

(2-4-09)� 7,956.66 -121.70 -1.51% -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October 1,515.05 -1.25 -0.08% -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� 832.23 -6.28 -0.75% -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $40.32 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $2.02 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $901.60� [video] Gold Surges �Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.47 PLATINUM $969.70 / DOLLAR= .76 EURO, 89 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.93%� � � ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ��Still Absolutely, Absurdly, Ridiculous! Only modest losses relative to reality with suckers� bear market rally into the close based on nothing whatsoever so still great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� Art Hogan refers to the prevalence of bailout rhetoric, financials (among others) under pressure because there have been twice as many downside surprises on the earnings front with either no guidance or bad outlook, and cites new trading range for oil at $40 - $50.� Kraft, bank worries knock Wall St; Cisco hit late�� Cisco outlook misses expectations��� The Bad Bank Assets Proposal: Even Worse Than You Imagined��� TIMEWARNER the troubled, horribly managed media company swings to 4Q loss on hefty writedown...�� UBS Boosts �09 Gold Forecast to $1,000 �One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted. Indeed, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. ��Another Prominent Economist Forecasts Depression, Says Gold To Hit $2000 ��Auto sales hit 27-year low��� US auto sales plunge 37 percent to 26-year low��� Motorola's woes pile up in $3.6B quarterly loss��� Disney 1Q profits drop 32 percent; shares slide��� Wells Fargo defends, then cancels Vegas junket��� �Electronic Arts posts wider loss, huge layoffs announced, hurt by charges�� Fed Secretly Lends $2 Trillion to Banksters without Oversight ���JAPAN: �There has never been data this bad for any major economy - even in the great Depression�; �We are literally looking at the unimaginable� ����Obama predicts more bank failures ��California goes broke, halts $3.5 billion in payments �Previous, consumer spending down (-1%), manufacturing activity down, construction spending down 5.1% and much worse than expected. Problems ahead for bonds (currency risk, low yield, etc.) including treasuries (bubble), interest rates prospectively higher, bad real estate market into 2010 as banks play catch up on foreclosed properties, with top end getting hit and weaker rental market to boot.� ��The United States was in much better shape, economically, going into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We are in a lot of trouble��.� Personal bankruptcies soar 33% ���More Economists Say Crisis Is Worse Than Great Depression �Steve Watson | Ominous headlines have prominent analysts spelling out disaster. Macy's cuts 7,000 jobs, slashes dividend� Factory decline, consumer spending drops�� Morgan Stanley plans up to 4 percent in job cuts�� Joint Chiefs chairman calls fiscal calamity a bigger threat than any war ��WALL ST ALREADY DOWN 10% FOR YEAR...� Folding dealers shock car buyers with unpaid liens (AP)� ��GlaxoSmithkline to cut 6,000 jobs: report�� The New Economic Reality �do not think we should be incurring trillions in debt for an ill-conceived or even a properly conceived plan. We cannot spend that much. OUR PROBLEM WAS SPENDING MORE THAN WE MADE SO THE ANSWER CANNOT BE THE GOVERNMENT ALLOWING US TO SPEND MORE THAN WE MAKE. Joseph Stiglitz, a Nobel laureate, can tell you better than me, and he thinks we are asking for major problems.�� Florida, Maryland, Utah Banks Seized Amid Deepening Financial Crisis...�� Worse than the Great Depression ����Charts Predict: Oil May Whip Back up to $100 ���Previous session, 31st u.s. bank to fail, 6th this year, Economy's new plunge is worst in quarter-century (AP) as GDP falls 3.8% defying much worse/higher private/real forecasts/estimates; bad economy, bad economic data, bad real estate market; defensive non-equity investing recommended, ie., short-term bonds, single short ETF hedge funds, etc.. One analyst points out there has been not one prosecution thus far and they should be prosecuted. Indeed, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� �

(2-3-09)� DOW 8,078.36 +141.53 +1.78% -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October 1,516.30 +21.87 +1.46% -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 838.51 +13.07 +1.58% -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $40.08 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $2.02 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $897.58� [video] Gold Surges �Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.38 PLATINUM $965 / DOLLAR= .76 EURO, 89 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.88%� � � ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 ��Absolutely, Absurdly, Ridiculous!� Suckers� bear market rally based on all bad news including the b.s. talking point that foreclosure sales are up (daaaaah!) so still great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� One analyst previously pointed out there has been not one prosecution thus far and the frauds on wall street should be prosecuted. Indeed, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. ��Another Prominent Economist Forecasts Depression, Says Gold To Hit $2000 ��Auto sales hit 27-year low��� US auto sales plunge 37 percent to 26-year low��� Motorola's woes pile up in $3.6B quarterly loss��� Disney 1Q profits drop 32 percent; shares slide��� Wells Fargo defends, then cancels Vegas junket��� �Electronic Arts posts wider loss, huge layoffs announced, hurt by charges�� Fed Secretly Lends $2 Trillion to Banksters without Oversight ���JAPAN: �There has never been data this bad for any major economy - even in the great Depression�; �We are literally looking at the unimaginable� ����Obama predicts more bank failures ��California goes broke, halts $3.5 billion in payments �so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!��

(2-2-09)� DOW 7,936.75 -64.11 -0.80% -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,494.43 +18.01 +1.22% -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 825.44 -0.44 -0.05% -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $40.08 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $2.02 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $906.70 [video] Gold Surges �Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.41 PLATINUM $979.10/ DOLLAR= .77 EURO, 89 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.72%� � ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 �Top Financial Advice for 2009� ����Absolutely, Absurdly, Ridiculous! Modest losses relative to reality, with focus of suckers� bear market rally into the close on least understood part of the market for maximum obfuscation of reality (remember dot.com bust) on all bad news so still great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!� �Consumer spending down (-1%), manufacturing activity down, construction spending down 5.1% and much worse than expected. Problems ahead for bonds (currency risk, low yield, etc.) including treasuries (bubble), interest rates prospectively higher, bad real estate market into 2010 as banks play catch up on foreclosed properties, with top end getting hit and weaker rental market to boot.� ��The United States was in much better shape, economically, going into the Great Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We are in a lot of trouble��.� Personal bankruptcies soar 33% ���More Economists Say Crisis Is Worse Than Great Depression �Steve Watson | Ominous headlines have prominent analysts spelling out disaster. Macy's cuts 7,000 jobs, slashes dividend� Factory decline, consumer spending drops�� Morgan Stanley plans up to 4 percent in job cuts�� Joint Chiefs chairman calls fiscal calamity a bigger threat than any war ��WALL ST ALREADY DOWN 10% FOR YEAR...� Folding dealers shock car buyers with unpaid liens (AP)� ��GlaxoSmithkline to cut 6,000 jobs: report�� The New Economic Reality �do not think we should be incurring trillions in debt for an ill-conceived or even a properly conceived plan. We cannot spend that much. OUR PROBLEM WAS SPENDING MORE THAN WE MADE SO THE ANSWER CANNOT BE THE GOVERNMENT ALLOWING US TO SPEND MORE THAN WE MAKE. Joseph Stiglitz, a Nobel laureate, can tell you better than me, and he thinks we are asking for major problems.�� Florida, Maryland, Utah Banks Seized Amid Deepening Financial Crisis...�� Worse than the Great Depression ����Charts Predict: Oil May Whip Back up to $100 ��so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(1-30-09)� DOW 8,000.86 -148.15 -1.82% -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,476.42 -31.42 -2.08% -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 825.88 -19.26 -2.28%�� -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $41.68(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $2.02 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $927.30 [video] Gold Surges �(+5.58% for year 2008) / SILVER $12.56 PLATINUM $991.30/ DOLLAR= .77 EURO, 89 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.86%� ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 �Top Financial Advice for 2009� ��Still Absolutely, Absurdly, Ridiculous! Modest losses relative to reality, so still great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �31st u.s. bank to fail, 6th this year, Economy's new plunge is worst in quarter-century (AP) as GDP falls 3.8% defying much worse/higher private/real forecasts/estimates; bad economy, bad economic data, bad real estate market; defensive non-equity investing recommended, ie., short-term bonds, single short ETF hedge funds, etc.. One analyst points out there has been not one prosecution thus far and they should be prosecuted. Indeed, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. SELL WHILE YOU STILL CAN!

(1-29-09)� DOW 8,149.01 -226.44 -2.70% -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,507.84 -50.50 -3.24% -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 845.14 -28.95 -3.31% -2.3% for third week of January -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $41.70(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $2.02 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $908 [video] Gold Surges �(+5.58% for year 2008) / SILVER $12.20 PLATINUM $958/ DOLLAR= .76 EURO, 89 YEN, .70 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.88%� ..� ����AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 �Top Financial Advice for 2009� ��Still Absolutely, Absurdly, Ridiculous! With modest losses relative to reality, still great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! �

(1-28-09)� DOW 8,375.45 +200.72 +2.46%% -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,558.34 +53.44 +3.55% -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 874.09 +28.38 +3.36% -2.3% for third week of January -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $42.16 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $2.02 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $888 [video] Gold Surges �(+5.58% for year 2008) / SILVER $11.96/ PLATINUM $938/ DOLLAR= .76 EURO, 90 YEN, .70 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.65%� ..��� ��AP Business Highlights �� ���������...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 �Top Financial Advice for 2009� ��Absolutely, Absurdly, Ridiculous! Suckers� bear market ralley based on b**l s**t alone, viz., the now fabled big bad wolf bank to eat all the so-called toxic debt at taxpayer expense (for the economy- what a fairy tale),� etc., so especially great opportunity to SELL/SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! All bad news continues: Boeing to cut 10,000 jobs, AOL 700, Starbucks 6,700 , and on and on, the list is long, continues, and is growing, Warning over collapse in capital flows Telegraph | The world economy will shrink this year for the first time since the Second World War, warns the gloomiest forecast yet delivered by a major international institutional.� �MERRILL LYNCH�S CHIEF ECONOMIST: WE�RE ALREADY IN A DEPRESSION ����Stocks Could Drop 20%, No Safe Haven: Dr. Reality ���World growth �worst for 60 years� ��Mass layoffs surge in 2008, continue at rapid pace (AP)�� 'American consumer can no longer act as motor of global economy'... ����Analyst Ciovacco sums it up thusly: �We have seen many of these bailout inspired "feel good" days during the bear market. The market cheered the bailout out of Bear Sterns, only to retrace all the gains while moving to lower lows. When Fannie and Freddie were bailed out by you and me (taxpayers), the market "felt good" only to move on to lower lows and more losses. When AIG was bailout out by - you guessed it, you and me, it was seen as a positive. Stocks went on to make new lows. TARP was hailed by the markets as the answer to all our problems - stocks moved higher in anticipation, then made new lows. When the formerly "big" three were given government loans, the market breathed a sigh of relief - then, you guessed it, moved lower.Here we go again. The �bad bank� is this morning�s feel good story. The futures are higher on �speculation� the government will set up a bad bank. The problem is a familiar one for money managers - we do not know what the rules are and how the "bad bank" will be set up. Will it be good for shareholders in banks? Will it be bad for shareholders in banks? We are not sure because we have no details on the latest bailout, only speculation and a few sound bites. The basic goal of the bad bank according to this morning�s news reports is to "get lending going again". In an overleveraged world, is more credit really the answer? I thought too much credit was the problem�Previous, what are they drinking, smoking, snorting on wall street with suckers� bear market rally on decisively bad news; viz., consumer confidence at lowest level ever recorded (37.7) Consumer Confidence Slides to Record Low in January , 18% plunge in home prices as per highly regarded Case/Shiller Index, Retail Federation gives bad retail outlook, layoffs du jour galore, etc., and even as oil plunged on the bad economic data, oil stocks rallied�riiiiight! What, they worry�hell no�they work for wallstreet/government. They�ll still get their commissions on the way down and maybe stick you with their over-priced dogs as well. Same modus operandi as in January et seq, 2008 when they sucked in the suckers who this time (fool you twice, shame on you) will deserve to be burned for wall street commissions/ compensation/ bonuses� sake as in the year just passed.� The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(1-27-09)� DOW 8,174.73 +58.70 +0.72% -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,504.90 +15.44 +1.04% -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 845.71 +9.14 +1.09% -2.3% for third week of January -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $41.58 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $2.02 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $899.51 [video] Gold Surges �(+5.58% for year 2008) / SILVER $12.17/ PLATINUM $958/ DOLLAR= .75 EURO, 89 YEN, .70 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.53% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 �Top Financial Advice for 2009� ��Absolutely, Absurdly, Ridiculous! What are they drinking, smoking, snorting on wall street with suckers� bear market rally on decisively bad news; viz., consumer confidence at lowest level ever recorded (37.7) Consumer Confidence Slides to Record Low in January , 18% plunge in home prices as per highly regarded Case/Shiller Index, Retail Federation gives bad retail outlook, layoffs du jour galore, etc., and even as oil plunged on the bad economic data, oil stocks rallied�riiiiight! What, they worry�hell no�they work for wallstreet/government. They�ll still get their commissions on the way down and maybe stick you with their over-priced dogs as well. Same modus operandi as in January et seq, 2008 when they sucked in the suckers who this time (fool you twice, shame on you) will deserve to be burned for wall street commissions/ compensation/ bonuses� sake as in the year just passed. �The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �Bank bailout could cost $4 trillion CEO confidence plunges around the globe� ��Consumer mood at record lows, house prices sag� Corning slashes up to 4,900 jobs to cut costs� �Moody's says could cut GE's triple-A credit rating� Target eliminates positions amid weak sales �Nation's economic mood darkens as more jobs vanish� S&P index shows plunge in November home prices�� Yahoo posts higher profit but outlook weak� Yahoo suffers 4Q loss, but tops analyst views ��IBM quietly cuts thousands of jobs� Economy in free fall in fourth quarter Companies in U.S. to Slash More Jobs, Business Economists Say ���military spending is crippling america ��so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!�

(1-26-09)� DOW 8,116.03 +38.47 +0.48% -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,489.46 +12.17 +0.82% -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 836.57 +4.62 +0.56% -2.3% for third week of January -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $45.73 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $2.02 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $903 [video] Gold Surges �(+5.58% for year 2008) / SILVER $11.98/ PLATINUM $953/ DOLLAR= .75 EURO, 89 YEN, .71 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.64% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 �Top Financial Advice for 2009� �Absolutely, Absurdly, Ridiculous! Wall street frauds� nirvana (commissioning a large incline then decline then suckers� bear market rally into the close incline) at just a program loop, button push, mouse click away based on bull s**t alone and �Little Shop of Horrors�� viz., wall street vegetables clamoring �feed me, feed me� with hopes for taxpayer bailout funds and short-covering bear market rally. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Motek�s experts: One land of fruits and nuts politician too many for a business hour; there will be no further comments relative to Frank Motek�s knx1070am caleefornia business hour inasmuch as the show has become a bit too parochial and limited in scope. 68,000 new job cuts this day alone.� Existing home sales on foreclosures up 6.5% so new home sellers rally�riiiight!...Preposterous!...Leading indicators allegedly up .3%� on increase in money supply (hyperinflationary)�Riiiiight! NY financier arrested in purported $400 million scam Reuters Job-killing depression racks up more layoff victims�� Economy in free fall in fourth quarter ��FANNIE to Seek Up to $16 Billion in Emergency Treasury Aid to Stay Afloat...�� Gloom deepens as 75,000 global jobs go...�� Gold pushes above $900 in buying spree; Yellow metal posts all-time highs in euro and sterling...� Economy in free fall in fourth quarter Previous, mixed finish on relatively light volume defies reality with another near 200 point swing to the upside on suckers� bear market rally into the close to keep suckers suckered on decisively bad news so sell into rallies/strength/take profits/sell while you still can since much, much worse to come!

(1-23-09)� DOW 8,077.56 -45.24 -0.56% -2.5% for third week of January -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,477.29 +11.80 +0.81% -3.3% for third week of January -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 831.95 +4.45 +0.54% -2.3% for third week of January -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $46.47 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $2.02 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $895.80 [video] Gold Surges �(+5.58% for year 2008) / SILVER $11.65/ PLATINUM $958/ DOLLAR= .76 EURO, 88 YEN, .72 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.61% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 �Top Financial Advice for 2009� �Absolutely, Absurdly, Ridiculous! Mixed finish on relatively light volume defies reality with another near 200 point swing to the upside on suckers� bear market rally into the close to keep suckers suckered on decisively bad news so sell into rallies/strength/take profits/sell while you still can since much, much worse to come. Motek experts: Art Hogan points to volatility, lots of headwinds for market, magnitude of the worse than expected results, doubling underestimated earnings to downside and no guidance indicative of lack of belief in efficacy of stimulus, and lag effect concerning stimulus which will help but not soon enough. Investment analyst says P/E ratios for stocks much too pricey, cite S&P single digits in milder recessions past hence way over-valued at 15 P/E now.� GE profit down 44 percent�� Earnings and depression batter world stocks��� Britain officially slips into recession� ��Schlumberger 4Q tumbles; sees rough year ahead��� Harley to cut 1,100 jobs as 4Q profit falls��� Xerox 4Q profit plunges, misses Wall Street view (AP)�� ����2009 Heralds �A New Age Of Rebellion��� �Geithner's failure to pay taxes completely intentional �������Misguided Spending Will Only Take Us Deeper Into Depression���� Poor earnings, opaque forecasts weigh on stocks (AP)�� Freddie Mac to ask for billions more in funds��� Freddie Mac to ask government for another $30-$35 billion��� Brower Piven Encourages Investors Who Have Losses in Excess of $500,000 From Investment in Bank of America Corporation to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsuit Before the March 23, 2009 (Marketwire)��� Capital One results suggest gloomy 2009 for credit card industry����� Wall Street's culture of entitlement hard to shake���� �The stock market has been bluffing investors for decades. The market's indiscernible jolts have been particularly pronounced and painful in recent months.� Simon Maierhofer�Unprecedented� Job Cuts in Works at World�s Largest Automaker ���[video] Gold Surges ��VIDEO: THE GLOBAL FINANCIAL CRISIS - Montreal Lecture: The Great Depression of the 21st Century ���Motek experts: Discuss new unemployment claims at 589,000 match 26 year high, 4.6 million continuing u.e. claims,� wall street strategist (actually just another wall street fraud) thain at last minutes before BofA bailout/takeover does compensation/bonuses/expenditures and gets axed, all-time low for housing starts with downsides well into 2010, job losses trend to accelerate well into second half 2009. Analyst says near term increased uncertainty, gamble, financials undercapitalized, recommends risk adjusted/barely below investment grade junk bund funds (high ror) and gold mining etf�s while warning long-term treasuries to take a hit. Reporter discusses negative I.T./pc market, spending and job cuts and absence of forward-looking guidance. Worsening signs for Apple with slowdown in pc sales and reliance on retail/pricing. Currency expert says problems serious, gov�t needs to raise $2 trillion, crowd out private sector, increase cost of money, fanny/freddy, government replacing private mortgage lending with negative implications. Frank congratulates Paul Kangus on Nightly Business Report 30 year anniversary where he began his business reporting career.� Just The Early Stages of Economic and Financial Collapse �Jobless claims surge, housing starts tumble �Back In Reds After Economic Data... ��Bank results plummet...�� Angry customer rammed bank with pickup...��� GOOGLE PROFIT SLIPS FOR FIRST TIME...�� MICROSOFT stuns with profit miss, job cuts... �Roubini: Banking System is �Bankrupt�, �Effectively Insolvent�� Previous, wall street frauds� nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away based on bull s**t alone and �Little (wall street) Shop of Horrors�� viz., wall street vegetables clamoring �feed me, feed me� with high (what are they smoking, drinking, snorting) hopes for taxpayer bailout funds and short-covering bear market rally. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(1-22-09)� DOW 8,122.80 -105.3 -1.28% -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,465.49 -41.58 -2.76% -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 827.50 -12.74 -1.52% -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $43.65 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $2.02 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $858.80 (+5.58% for year 2008) / SILVER $11.37/ PLATINUM $934.90/ DOLLAR= .76 EURO, 88 YEN, .72 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.60% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 �Top Financial Advice for 2009 ��Absolutely, Absurdly, Ridiculous! Modest losses relative to reality with near 200 point swing to the upside on suckers� bear market rally into the close. Motek experts: Discuss new unemployment claims at 589,000 match 26 year high, 4.6 million continuing u.e. claims,� wall street strategist (actually just another wall street fraud) thain at last minutes before BofA bailout/takeover does compensation/bonuses/expenditures and gets axed, all-time low for housing starts with downsides well into 2010, job losses trend to accelerate well into second half 2009. Analyst says near term increased uncertainty, gamble, financials undercapitalized, recommends risk adjusted/barely below investment grade junk bund funds (high ror) and gold mining etf�s while warning long-term treasuries to take a hit. Reporter discusses negative I.T./pc market, spending and job cuts and absence of forward-looking guidance. Worsening signs for Apple with slowdown in pc sales and reliance on retail/pricing. Currency expert says problems serious, gov�t needs to raise $2 trillion, crowd out private sector, increase cost of money, fanny/freddy, government replacing private mortgage lending with negative implications. Frank congratulates Paul Kangus on Nightly Business Report 30 year anniversary where he began his business reporting career.� Just The Early Stages of Economic and Financial Collapse �Jobless claims surge, housing starts tumble �Back In Reds After Economic Data... ��Bank results plummet...�� Angry customer rammed bank with pickup...��� GOOGLE PROFIT SLIPS FOR FIRST TIME...�� MICROSOFT stuns with profit miss, job cuts... �Roubini: Banking System is �Bankrupt�, �Effectively Insolvent�� Previous, wall street frauds� nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away based on bull s**t alone and �Little (wall street) Shop of Horrors�� viz., wall street vegetables clamoring �feed me, feed me� with high (what are they smoking, drinking, snorting) hopes for taxpayer bailout funds and short-covering bear market rally. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(1-21-09)� DOW 8,228.10 +279.01 +3.51% -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,507.07 +66.21 +4.60%-3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 840.24 +35.02 +4.35% -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $38.74 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $2.02 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $853 (+5.58% for year 2008) / SILVER $11.30/ PLATINUM $926/ DOLLAR= .76 EURO, 89 YEN, .69 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.53%..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Trendsresearch.com forecast for 2009 �Top Financial Advice for 2009 ��Absolutely, Absurdly, Ridiculous! Wall street frauds� nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away based on bull s**t alone and �Little (wall street) Shop of Horrors�� viz., wall street vegetables clamoring �feed me, feed me� with high (what are they smoking, drinking, snorting) hopes for taxpayer bailout funds and short-covering bear market rally. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Motek�s experts: Analyst/options/speculator talks roller coaster ride on wall street regardless of results, banks still in trouble with dilution via government takeovers, talks lessons�please, give us a break�, then risky strategies, ie., risky bonds into riskier equities as if that isn�t that how we got into the continuing mess. Only-the-little-people-pay-taxes geithner, a co-architect of the current mess said food lines long and getting longer even as he dodges taxes (purposefully�after audit and as currently pending appointment, paid back taxes but scofflawed time-barred taxes owed), while economist says geithner a scofflaw and stimulus just more pork. Geithner was �involved in just about every flawed bailout� of the Bush era (On capital hill they were afraid to ask the question as to where is that missing $4 trillion at he ny federal reserve bank which is defacto complicity) Financial Times editor says dramatic prospective action will be very unpleasant for shareholders. S&P 500 Q408 Earnings Now Expected to Fall 28.2% Royal Bank of Scotland to Record $41 Billion loss, State Street profits down 71%, Bad news across the board as Worst Inauguration Day Drop in Dow Industrial History...� Roubini Predicts U.S. Losses May Reach $3.6 Trillion ���Prominent Economist: Crisis Caused By Government Interventions �Motek�s experts: Land of fruits and nuts actor/entertainer/speculator/sometimes economist Ben Stein [who previously took a page out of GM�s playbook by lambasting Fortune Magazine (you might recall some two decades ago that Fortune warned of GM managerial ineptitude to which GM responded with outrage and withdrew all advertising and revenue to Fortune thereby in retaliation - if only they had listened) for saying caleefornia is number 1, numero uno �.. as prospectively worse real estate market in the nation, the same Ben Stein who poo-pooed Peter Shiff�s correct prediction of market crash, but did correctly state fed policies hyperinflationary, and also just criticized Shiff�s recent prognostication ( he previously had to apologize to Shiff having done wrongly so before- �his criticism of Peter Shiff for warning of this debacle years ago). He throws out a couple of economic terms (demand pull/cost push inflationary terms) to buttress his criticism of Shiff but he�s just out to lunch in citing the absence of demand as militating against Shiff�s inflationary argument since history (and even currently, i.e., zimbabwee) is replete with examples of low demand and or impoverished nations that have over-printed their currencies with hyperinflationary results as will occur in u.s.). Stein should be on the Strip doing stand-up (comedy). He is a joke!] while commenting on the inaugural address (who cares�what do you expect them to say�all talk is cheap in fraudulent america particularly) says in need of specifics, says because he can�t do taxes geithner doesn�t have to, talks gov�t guarantees on loans except for fraud, bad banks/financials, no bottom. Analyst says things getting worse not better, bad equity ratios, banks not sufficiently capitalized, unemployment/job losses yet to hit so worst to come.� Economist says recession/depression with 500,000 job losses per month, housing/stock declines, bad bank bailouts with taxpayer money bad idea/bad deal, hopes on stimulus. Peter Shiff says they buy on rumor and sell on fact/reality, TARP/government spending the problem, new lows for financials, eventual dollar collapse, bailing out/subsidizing incompetent high paid executives, get out of any assets connected to u.s., buy gold.�� Roubini Predicts U.S. Losses May Reach $3.6 Trillion Bloomberg | U.S. financial losses from the credit crisis may reach $3.6 trillion, suggesting the banking system is effectively insolvent. Prominent Economist: Crisis Caused By Government Interventions Steve Watson | People who created the problem are now in charge. Previously, a big suckers� depression era rally of near 200 points into the close to keep suckers sucked in while churning and earning those commission dollars on decisively bad news (ie., circuit city liquidates/sheds 30,000 jobs, more job cut announcements, manufacturing down 2%, cpi down .7% on lower gas/oil prices but watch for inevitable hyperinflationary effect of worthless Weimar dollars they�re printing like mad, Citigroup -- after suffering a loss of $8.29 billion, its fifth straight quarterly deficit -- is reorganizing into Citicorp and Citi Holdings�what a joke; first will focus on traditional banking around the world, while the second will hold the company's riskier assets and tougher-to-manage ventures; Bank of America slides to 4Q loss; gets more �down the rabbit hole� taxpayer money; how pathetic, unemployment claims at 54,000 for week, 524,000 for prior month, 4.5 million collecting unemployment/64% increase, foreclosures for December up 17%/2nd worst on record and high for ordinarily slow December, etc.), U.S. foreclosure filings in 2008 rose 81% from 2007 �, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(1-20-09)� DOW 7,949.09 -332.13 -4.01% -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,440.86 -88.47 -5.78% -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 805.22 -44.90 -5.28%�� -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $38.74 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $2.02 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $855.20 (+5.58% for year 2008) / SILVER $11.17/ PLATINUM $949.30/ DOLLAR= .76 EURO, 89 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.38% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Still long way from bottom so modest losses relative to reality still Absolutely, Absurdly, Ridiculous!� Trendsresearch.com forecast for 2009 �Top Financial Advice for 2009 ��Royal Bank of Scotland to Record $41 Billion loss, State Street profits down 71%, Bad news across the board as Worst Inauguration Day Drop in Dow Industrial History...� Roubini Predicts U.S. Losses May Reach $3.6 Trillion ���Prominent Economist: Crisis Caused By Government Interventions �Motek�s experts: Land of fruits and nuts actor/entertainer/speculator/sometimes economist Ben Stein [who previously took a page out of GM�s playbook by lambasting Fortune Magazine (you might recall some two decades ago that Fortune warned of GM managerial ineptitude to which GM responded with outrage and withdrew all advertising and revenue to Fortune thereby in retaliation - if only they had listened) for saying caleefornia is number 1, numero uno �.. as prospectively worse real estate market in the nation, the same Ben Stein who poo-pooed Peter Shiff�s correct prediction of market crash, but did correctly state fed policies hyperinflationary, and also just criticized Shiff�s recent prognostication ( he previously had to apologize to Shiff having done wrongly so before- �his criticism of Peter Shiff for warning of this debacle years ago). He throws out a couple of economic terms (demand pull/cost push inflationary terms) to buttress his criticism of Shiff but he�s just out to lunch in citing the absence of demand as militating against Shiff�s inflationary argument since history (and even currently, i.e., zimbabwee) is replete with examples of low demand and or impoverished nations that have over-printed their currencies with hyperinflationary results as will occur in u.s.). Stein should be on the Strip doing stand-up (comedy). He is a joke!] while commenting on the inaugural address (who cares�what do you expect them to say�all talk is cheap in fraudulent america particularly) says in need of specifics, says because he can�t do taxes geithner doesn�t have to, talks gov�t guarantees on loans except for fraud, bad banks/financials, no bottom. Analyst says things getting worse not better, bad equity ratios, banks not sufficiently capitalized, unemployment/job losses yet to hit so worst to come.� Economist says recession/depression with 500,000 job losses per month, housing/stock declines, bad bank bailouts with taxpayer money bad idea/bad deal, hopes on stimulus. Peter Shiff says they buy on rumor and sell on fact/reality, TARP/government spending the problem, new lows for financials, eventual dollar collapse, bailing out/subsidizing incompetent high paid executives, get out of any assets connected to u.s., buy gold.�� Roubini Predicts U.S. Losses May Reach $3.6 Trillion Bloomberg | U.S. financial losses from the credit crisis may reach $3.6 trillion, suggesting the banking system is effectively insolvent. Prominent Economist: Crisis Caused By Government Interventions Steve Watson | People who created the problem are now in charge. Previously, a big suckers� depression era rally of near 200 points into the close to keep suckers sucked in while churning and earning those commission dollars on decisively bad news (ie., circuit city liquidates/sheds 30,000 jobs, more job cut announcements, manufacturing down 2%, cpi down .7% on lower gas/oil prices but watch for inevitable hyperinflationary effect of worthless Weimar dollars they�re printing like mad, Citigroup -- after suffering a loss of $8.29 billion, its fifth straight quarterly deficit -- is reorganizing into Citicorp and Citi Holdings�what a joke; first will focus on traditional banking around the world, while the second will hold the company's riskier assets and tougher-to-manage ventures; Bank of America slides to 4Q loss; gets more �down the rabbit hole� taxpayer money; how pathetic, unemployment claims at 54,000 for week, 524,000 for prior month, 4.5 million collecting unemployment/64% increase, foreclosures for December up 17%/2nd worst on record and high for ordinarily slow December, etc.), U.S. foreclosure filings in 2008 rose 81% from 2007 �, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(1-16-09)� DOW 8,212.49 +12.35 +0.15% -4% for second week of January� -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,511.84 +22.20 +1.49% -3% for second week of January� -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 843.74 +1.12 +0.13%�� -5% for second week of January� -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $36.08 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $1.86 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $817 (+5.58% for year 2008) / SILVER $10.58/ PLATINUM $919/ DOLLAR= .75 EURO, 89 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.33% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Absolutely, Absurdly, Ridiculous! Trendsresearch.com forecast for 2009 �Top Financial Advice for 2009 ��Big suckers� depression era rally of near 200 points into the close to keep suckers sucked in while churning and earning those commission dollars on decisively bad news (ie., circuit city liquidates/sheds 30,000 jobs, more job cut announcements, manufacturing down 2%, cpi down .7% on lower gas/oil prices but watch for inevitable hyperinflationary effect of worthless Weimar dollars they�re printing like mad, Citigroup -- after suffering a loss of $8.29 billion, its fifth straight quarterly deficit -- is reorganizing into Citicorp and Citi Holdings�what a joke; first will focus on traditional banking around the world, while the second will hold the company's riskier assets and tougher-to-manage ventures; Bank of America slides to 4Q loss; gets more �down the rabbit hole� taxpayer money; how pathetic, unemployment claims at 54,000 for week, 524,000 for prior month, 4.5 million collecting unemployment/64% increase, foreclosures for December up 17%/2nd worst on record and high for ordinarily slow December, etc.), U.S. foreclosure filings in 2008 rose 81% from 2007 �, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

 

(1-15-09)� DOW 8,212.49 +12.35 +0.15%-5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,511.84 +22.20 +1.49% -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 843.74 +1.12 +0.13% -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $35.40 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $1.86 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $817 (+5.58% for year 2008) / SILVER $10.58/ PLATINUM $919/ DOLLAR= .75 EURO, 89 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.20% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Absolutely, Absurdly, Ridiculous! Trendsresearch.com forecast for 2009 �Top Financial Advice for 2009 ��Big suckers� depression era rally of in excess of 600 points into the close to keep suckers sucked in while churning and earning those commission dollars on decisively bad news (ie., unemployment claims at 54,000 for week, 524,000 for prior month, 4.5 million collecting unemployment/64% increase, foreclosures for December up 17%/2nd worst on record and high for ordinarily slow December, etc.), U.S. foreclosure filings in 2008 rose 81% from 2007 �, the lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Retail sales much worse than expected -2.7% and double (100% worse) expected decline with financial sector usual suspects providing other dose of bad news, along with beige book which cites weakness in all districts. Job cuts, job cuts, job cuts, and Jobs cut work schedule with medical leave till June, 2009. Oil inventories up however since economy is so bad demand has substantially weakened. What usually either way would have derailed prospective nominees in past, viz., illegal nannies, failure to pay taxes, etc., has rallied defense of geithner� TAX MESS: Panel delays hearing on Obama's Treasury choice... ,� the new york fed man ( Fed Mob Boss Geithner�s Confirmation Sidelined �- too n.y. jewish to fail or be held accountable, in fairness there�s also trump and alito, and bush and clinton, etc., all of whom seem impervious to the laws and rules of civilized governance; owe, oh! how the mighty have fallen, including meaningfully lawless america). Given the state of the nation, who can rationally defend those experienced with having caused the crisis in the first instance (there is the matter of course of campaign finance bribery). HOW ABOUT ASKING GEITHNER ABOUT THE MISSING $4 TRILLION AT N.Y. FED BANK, WHO STOLE IT, ETC., AS A PRE-CONDITION TO HIM EVEN BEING CONSIDERED! THROW THEM, THE FED, WALL STREET FRAUDS, ETC., IN GITMO; THEY�RE CERTAINLY ECONOMIC TERRORISTS, FRAUDS, THIEVES WHO�VE DONE FAR GREATER DAMAGE TO AMERICA THAN ALL AMERICA�S ENEMIES COMBINED. Typical wall street jew madoff will just have to suffer his bail days in his $7.5 million n.y. penthouse apartment. �$700-Billion Bailout Lacks Transparency, Accountability, Congressional Panel Says �Motek�s (Frank still out and his program on life support) experts: (Previous) Hugh Johnson says earnings recession and lots of going out of business signs. Retail analyst says lots of bankruptcy filings and store closures particularly in select regional/female apparel/jewelry. Hugh Johnson, analyst, says Alcoa much worse than expected a wake up call, earnings below expectations, widespread downturn but much more difficult to forecast than ever (welcomed obfuscation so they can talk the talk and sucker you), oil speculators still in play, bailouts old news but enormous deficits/problems therefrom. Investors Business Daily editor, spend and cut taxes, TARP money not enough, $485.2 record deficit, deficits will continue to grow, will catch up to u.s.,� long term better�riiiiight�how �bout in long term as per keynes we�ll all be dead�if you�d have listened to equities oriented IBD you�d probably be broke by now even if you were as they seem to presume a trader.� Analyst Gabriel Isdumb says eventually things will be better�yeah�riiiiight!�right after the depression has run it�s course. Autonation expert says the worst conditions he�s ever seen which he further describes as appalling. All news bad and worse than expected (ie., Alcoa, Citi which received $45 billion in bailout funds and lost $20 billion, etc.). Former chief economist: U.S. in a depression ���Bernanke: U.S. Financial Crisis Worse than Japan�s Lost Decade, but We�ll Still Copy the Japanese Playbook, Even Though It Didn�t Work ��Nortel files for bankruptcy, shares plunge , (Reuters) ���$700-Billion Bailout Lacks Transparency, Accountability, Congressional Panel Says U.S. Retail Sales Decline for a Sixth Month ���Dismal holidays over, but retail outlook still dim� , CITIGROUP Stock Falls Below Critical $5 Level...�� 'Long-term transformation'... ����'Swift decline in America's influence'...���� Stocks tumble as worries grow about banks... ���JPMorgan CEO predicts bleak year: report (Reuters) JPMorgan's chief executive predicts that the financial crisis will worsen this year, in an interview with the Financial Times newspaper published on Thursday. �Sen Dorgan: Federal Reserve Refuses To Identify Recipients Of 2 Trillion In Emergency Loans Throw them, the fed, in gitmo; they�re certainly economic terrorists, frauds, thieves who�ve done far greater damage to america than all america�s enemies combined.�� Our Collapsing Economy According to the Bureau of Labor Statistics, nonfarm payroll employment declined by 3,445,000 from December 2007 through December 2008. Marc Faber: �I Think it Might Be Far Worse [Than the Great Depression] Precisely Because of the Interventions� by the Government The latest edition of Marc Faber�s latest newsletter fell off two separate trucks in my �hood, and I thought the most useful bits were Faber�s observations (honed from many years of seeing the world from Asia) that just because a market has gone down a ton doesn�t mean it can�t go down a great deal further. U.S. Economy May Shrink 1.5% in 2009 as Depression Stymies Fed Economists slashed forecasts for U.S. growth in 2009 and projected Federal Reserve policy makers won�t be able to start raising interest rates until 2010, according to a monthly Bloomberg News survey� Treasury: Deficit hits new record in just 3 months... TREASURY PICK FAILED TO PAY TAXES� �Bond Bubble Looms ��The key here is to stay the course and not to be sucked into the hype; don�t let your eyes deceive you. Printing money non-stop for a year (or longer, I don�t see him stopping any time soon) will have consequences (meaning hyperinflation/worthless dollar, etc.).� Those commerce department job numbers in prior months revised upwards (I warned of the falsity of same even as wall street frauds rallied on the false data).� 2.6 million jobs lost in 2008, worst since 1945. Motek�s experts: Financial analyst says treasuries at 0%, money markets near 0%, so seek companies with pristine balance sheets and dividends, negative doldrums as market (irrationally) shrugs off bad news, no magic wand from new president, cross your fingers and hope�..riiiiight! Economist discusses jobs report, says lagging indicator and rough time, savings up but spending down, weakness through at least first quarter of 2010, lots of pain ahead, real estate prices continue decline through coming year,� -20% to �25% with land of fruits and nuts in worst case scenario. Another economist also discusses continued declines for real estate with land of fruits and nuts in worst case camp, foreclosures a lot higher with peak at 20%, and cites (probable) decade long stagnation as Japan in �90�s.�� US Debt is really 53 Trillion. Can you say Dollar Collapse then Massive Hyperinflation Coming? ���Roubini Joins Faber and Rogers in Saying Bubble in Treasuries Will Likely Burst �Now the U.S. porn industry seeks $5billion bailout ��Citi, Morgan Stanley in brokerage talks; Rubin quits�� $$] Rubin Departs Citi on a Low Note (at The Wall Street Journal Online)� Agency warns on automakers' pension funds: report�� Jobless rate at 16-year high as payrolls plunge��� Job losses hit 2.6 million as layoff pain deepens� Wall Street falls on job woes, Citi��� Stocks slide after rise in unemployment rate (AP)�� Manufacturing slumps at fastest pace since 1981 ��More people collecting unemployment benefits ���Depression more severe than thought: Fed�s Rosengren �����Horrible data and again worse than expected but suckers� bear market rally into the close based on bull s**t and bailouts (with money they don�t have) provides excuse for irrational exuberance and mixed close. Weak retail and unemployment at 26 year high.Motek�s experts: Analyst points to dire warnings across the board while real estate/housing/building analyst says 2009 will be bad year with 20% declines in real estate values as unemployment goes higher while another real estate analyst says not a good time to buy a home. U.S. companies face $409 billion pension deficit: study ��U.S. debt is losing its appeal in China ��LET'S PRINT MORE WORTHLESS MONEY! ���Obama Bets Big on Big Government... �Dems Raise Doubts on Plan... �A worse-than-expected ADP employment report indicated 693,000 jobs were lost in December far above the expected 493,000 and a warning from Intel (INTC 14.44, -0.93) underpinned early weakness with typical suckers� rally into the close to finish off lows. Motek�s experts: Analyst says first 5 days of trading in January, 2009 historically a bad sign, gloomy employment scenario with 693,000 jobs lost in December, economic contraction in major way coupled with poor earnings, 1.2 trillion budget deficit at 6.8% of GDP or worse so tough to make bull case, defensive position, low allocation to equities with high capitalization/consumer staples. Oil analyst points to weak economy/jobs data, absence of leveraged money chasing oil and says $60 oil soon. Economist, part of the corrupt fed team discusses job losses. Final expert discusses demographic trends behind and causative of cycles as 1929, 1968, and now, baby boomers, bleak outlook, economically shot their wad in terms of ability to avoid depression. �Analyst Predicts 40% Unemployment, No Recovery until 2015 ����Bear rally over, the great dying begins in corporate America Wall Street falls sharply on employment realities, realistically bleak corporate outlooks �Budget deficit to hit $1.2 trillion in fiscal 2009� Intel warns second time on quarter� U.S. says Madoff sent diamonds in violation of bail�� Profit warnings, poor job outlook weigh on stocks (AP) �Yes, fed now using the �D� for depression word which means we�re in a depression (after all, they were saying no recession when we were already in one). What are they still drinking, smoking, snorting on wall street with suckers� bear market rally into the close. They�ll still get their commissions on the way down and maybe stick you with their over-priced dogs as well. Same modus operandi as in January et seq, 2008 when they sucked in the suckers who this time (fool you twice, shame on you) will deserve to be burned for wall street commissions/compensation/ bonuses� sake as in the year just passed. Service sector (90% of american economy, viz., bull s**t), factory orders, pending home sales down (worst on record) and much worse than expected. �Some reality: After a short modest rally in the stock markets, lasting at best if at all, 1 to 4 months after Obama is inaugurated as President, people will realize that Obama�s stimulus plan isn�t going to work. Specifically, it will become obvious that we�re in a Great Depression, and that nothing that Bushco or Obamaco did can get us out of it (it may take a while longer for people to realize that what both administrations did actually made the financial crisis much worse).� At that point, the stock market will crash like a waterfall. Mish thinks the crash will leave the S&P at 600. Robert McHugh thinks the crash will drive the S&P to 500 or lower (in McHugh�s worst-case scenario, the S&P could end up at 50). At around the time of the crash, the bubble in long-term treasuries will burst. Retirees and other people who have socked away their money in treasuries will get hit hard. The government itself will start massively buying its own long-term treasuries. Motek�s experts: Art Hogan in straight-shootin� mode (as opposed to wall street shill mode) focuses (but only briefly) on fed�s depression/deflation words, says quite correctly that the focus has been on the cure (ie., bailouts) rather than the illness, lots of badnews, dismal earnings, etc., only slightly better at best in second half (I don�t think so), stay away from consumer discretionary cos., metals higher, market may be higher at year end (not likely), but rocky road till then (and beyond). Financial times editor says shocked by fed�s 0% move, very scary scenario, the specter of depression/deflation looms large, much too much optimism over Obama prospective stimulus plan.� Economy in grip of recession/depression, reports show��� Stocks end higher on hopes for economic rebound��� Alcoa to cut 13 pct of global work force���� The Secular Bear Market Continues �����Willem Buiter warns of massive dollar collapse �����Bank Of England Policymaker Predicts Unprecedented Dollar Collapse ����Car sales plunge heralding bleak 2009 but car stocks rally; construction numbers down but building stocks rally. Will We Have a Good 2009? Not If History Is Any Guide ��Stocks slip on telecom and financials; Apple jumps on �jobs alive� news�riiiiight!� Obama plunges into econ talks, borrows a page from bush economic strategy of spending money you don�t have and cutting taxes, and predicts approval� ��Consumer bankruptcies jumped 33% in 2008 and much worse expected in 2009 including commercial bankruptcies far greater and larger than in 2008�� [$$] Don't Get Too Happy About the New Year ��Check This Graph-Proof we are going into a Great Depression. Notice MASSIVE job losses. Is there really any doubt any longer? �The Economist, a Widely Respected and Authoritative Financial/Economic Publication: U.S. In Depression, Not Recession ��Don�t forget their 2008 talk as now for 2009. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(1-14-09)  DOW 8,200.14 -248.42 -2.94% -5% for first full week of January -34% for the year -1% for the fourth week of December  No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,489.64 -56.82 -3.67% -4% for first full week of January -41% for the year -2% for the fourth week of December   No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October  S&P 842.62 -29.17 -3.35% -4% for first full week of January -39% for the year -2% for the fourth week of December  No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $37.38 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS  $1.86 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $809 (+5.58% for year 2008) / SILVER $10.53/ PLATINUM $929/ DOLLAR= .75 EURO, 89 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.20% ..�     AP Business Highlights �           ...Yahoo Market Update...YAHOO - BRIEFING.COM Weekly Recap   Still Absolutely, Absurdly, Ridiculous! Trendsresearch.com forecast for 2009  Top Financial Advice for 2009   Modest losses relative to reality, especially with suckers� rally into the close to finish off session lows so SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Retail sales much worse than expected -2.7% and double (100% worse) expected decline with financial sector usual suspects providing other dose of bad news, along with beige book which cites weakness in all districts. Job cuts, job cuts, job cuts, and Jobs cut work schedule with medical leave till June, 2009. Oil inventories up however since economy is so bad demand has substantially weakened. What usually either way would have derailed prospective nominees in past, viz., illegal nannies, failure to pay taxes, etc., has rallied defense of geithner  TAX MESS: Panel delays hearing on Obama's Treasury choice... , the new york fed man (too n.y. jewish to fail or be held accountable, in fairness there�s also trump and alito, and bush and clinton, etc., all of whom seem impervious to the laws and rules of civilized governance; owe, oh! how the mighty have fallen, including meaningfully lawless america. How about asking geithner about the missing $4 trillion at n.y. fed bank, who stole it, etc., as a pre-condition to him even being considered). Given the state of the nation, who can rationally defend those experienced with having caused the crisis in the first instance (there is the matter of course of campaign finance bribery). Throw them, the fed, wall street frauds, etc., in gitmo; they�re certainly economic terrorists, frauds, thieves who�ve done far greater damage to america than all america�s enemies combined.. Typical wall street jew madoff will just have to suffer his bail days in his $7.5 million n.y. penthouse apartment.    Motek�s (Frank still out and his program continues to suffer mightily) experts: Hugh Johnson says earnings recession and lots of going out of business signs. Retail analyst says lots of bankruptcy filings and store closures particularly in select regional/female apparel/jewelry. Previous, Hugh Johnson, analyst, says Alcoa much worse than expected a wake up call, earnings below expectations, widespread downturn but much more difficult to forecast than ever (welcomed obfuscation so they can talk the talk and sucker you), oil speculators still in play, bailouts old news but enormous deficits/problems therefrom. Investors Business Daily editor, spend and cut taxes, TARP money not enough, $485.2 record deficit, deficits will continue to grow, will catch up to u.s.,  long term better�riiiiight�how �bout in long term as per keynes we�ll all be dead�if you�d have listened to equities oriented IBD you�d probably be broke by now even if you were as they seem to presume a trader.  Analyst Gabriel Isdumb says eventually things will be better�yeah�riiiiight!�right after the depression has run it�s course. Autonation expert says the worst conditions he�s ever seen which he further describes as appalling. All news bad and worse than expected (ie., Alcoa, Citi which received $45 billion in bailout funds and lost $20 billion, etc.). Former chief economist: U.S. in a depression    Bernanke: U.S. Financial Crisis Worse than Japan�s Lost Decade, but We�ll Still Copy the Japanese Playbook, Even Though It Didn�t Work   Nortel files for bankruptcy, shares plunge , (Reuters)    $700-Billion Bailout Lacks Transparency, Accountability, Congressional Panel Says U.S. Retail Sales Decline for a Sixth Month    Dismal holidays over, but retail outlook still dim  , CITIGROUP Stock Falls Below Critical $5 Level...   'Long-term transformation'...     'Swift decline in America's influence'...     Stocks tumble as worries grow about banks...    JPMorgan CEO predicts bleak year: report (Reuters) JPMorgan's chief executive predicts that the financial crisis will worsen this year, in an interview with the Financial Times newspaper published on Thursday.  Sen Dorgan: Federal Reserve Refuses To Identify Recipients Of 2 Trillion In Emergency Loans Throw them, the fed, in gitmo; they�re certainly economic terrorists, frauds, thieves who�ve done far greater damage to america than all america�s enemies combined.   Our Collapsing Economy According to the Bureau of Labor Statistics, nonfarm payroll employment declined by 3,445,000 from December 2007 through December 2008. Marc Faber: �I Think it Might Be Far Worse [Than the Great Depression] Precisely Because of the Interventions� by the Government The latest edition of Marc Faber�s latest newsletter fell off two separate trucks in my �hood, and I thought the most useful bits were Faber�s observations (honed from many years of seeing the world from Asia) that just because a market has gone down a ton doesn�t mean it can�t go down a great deal further. U.S. Economy May Shrink 1.5% in 2009 as Depression Stymies Fed Economists slashed forecasts for U.S. growth in 2009 and projected Federal Reserve policy makers won�t be able to start raising interest rates until 2010, according to a monthly Bloomberg News survey  Treasury: Deficit hits new record in just 3 months... TREASURY PICK FAILED TO PAY TAXES   Bond Bubble Looms  ï¿½The key here is to stay the course and not to be sucked into the hype; don�t let your eyes deceive you. Printing money non-stop for a year (or longer, I don�t see him stopping any time soon) will have consequences (meaning hyperinflation/worthless dollar, etc.).� Those commerce department job numbers in prior months revised upwards (I warned of the falsity of same even as wall street frauds rallied on the false data).  2.6 million jobs lost in 2008, worst since 1945. Motek�s experts: Financial analyst says treasuries at 0%, money markets near 0%, so seek companies with pristine balance sheets and dividends, negative doldrums as market (irrationally) shrugs off bad news, no magic wand from new president, cross your fingers and hope�..riiiiight! Economist discusses jobs report, says lagging indicator and rough time, savings up but spending down, weakness through at least first quarter of 2010, lots of pain ahead, real estate prices continue decline through coming year,  -20% to �25% with land of fruits and nuts in worst case scenario. Another economist also discusses continued declines for real estate with land of fruits and nuts in worst case camp, foreclosures a lot higher with peak at 20%, and cites (probable) decade long stagnation as Japan in �90�s.   US Debt is really 53 Trillion. Can you say Dollar Collapse then Massive Hyperinflation Coming?    Roubini Joins Faber and Rogers in Saying Bubble in Treasuries Will Likely Burst  Now the U.S. porn industry seeks $5billion bailout   Citi, Morgan Stanley in brokerage talks; Rubin quits   $$] Rubin Departs Citi on a Low Note (at The Wall Street Journal Online)  Agency warns on automakers' pension funds: report   Jobless rate at 16-year high as payrolls plunge    Job losses hit 2.6 million as layoff pain deepens  Wall Street falls on job woes, Citi    Stocks slide after rise in unemployment rate (AP)   Manufacturing slumps at fastest pace since 1981   More people collecting unemployment benefits    Depression more severe than thought: Fed�s Rosengren      Horrible data and again worse than expected but suckers� bear market rally into the close based on bull s**t and bailouts (with money they don�t have) provides excuse for irrational exuberance and mixed close. Weak retail and unemployment at 26 year high.Motek�s experts: Analyst points to dire warnings across the board while real estate/housing/building analyst says 2009 will be bad year with 20% declines in real estate values as unemployment goes higher while another real estate analyst says not a good time to buy a home. U.S. companies face $409 billion pension deficit: study   U.S. debt is losing its appeal in China   LET'S PRINT MORE WORTHLESS MONEY!    Obama Bets Big on Big Government...  Dems Raise Doubts on Plan...  A worse-than-expected ADP employment report indicated 693,000 jobs were lost in December far above the expected 493,000 and a warning from Intel (INTC 14.44, -0.93) underpinned early weakness with typical suckers� rally into the close to finish off lows. Motek�s experts: Analyst says first 5 days of trading in January, 2009 historically a bad sign, gloomy employment scenario with 693,000 jobs lost in December, economic contraction in major way coupled with poor earnings, 1.2 trillion budget deficit at 6.8% of GDP or worse so tough to make bull case, defensive position, low allocation to equities with high capitalization/consumer staples. Oil analyst points to weak economy/jobs data, absence of leveraged money chasing oil and says $60 oil soon. Economist, part of the corrupt fed team discusses job losses. Final expert discusses demographic trends behind and causative of cycles as 1929, 1968, and now, baby boomers, bleak outlook, economically shot their wad in terms of ability to avoid depression.  Analyst Predicts 40% Unemployment, No Recovery until 2015     Bear rally over, the great dying begins in corporate America Wall Street falls sharply on employment realities, realistically bleak corporate outlooks  Budget deficit to hit $1.2 trillion in fiscal 2009  Intel warns second time on quarter  U.S. says Madoff sent diamonds in violation of bail   Profit warnings, poor job outlook weigh on stocks (AP)  Yes, fed now using the �D� for depression word which means we�re in a depression (after all, they were saying no recession when we were already in one). What are they still drinking, smoking, snorting on wall street with suckers� bear market rally into the close. They�ll still get their commissions on the way down and maybe stick you with their over-priced dogs as well. Same modus operandi as in January et seq, 2008 when they sucked in the suckers who this time (fool you twice, shame on you) will deserve to be burned for wall street commissions/compensation/ bonuses� sake as in the year just passed. Service sector (90% of american economy, viz., bull s**t), factory orders, pending home sales down (worst on record) and much worse than expected.  Some reality: After a short modest rally in the stock markets, lasting at best if at all, 1 to 4 months after Obama is inaugurated as President, people will realize that Obama�s stimulus plan isn�t going to work. Specifically, it will become obvious that we�re in a Great Depression, and that nothing that Bushco or Obamaco did can get us out of it (it may take a while longer for people to realize that what both administrations did actually made the financial crisis much worse).  At that point, the stock market will crash like a waterfall. Mish thinks the crash will leave the S&P at 600. Robert McHugh thinks the crash will drive the S&P to 500 or lower (in McHugh�s worst-case scenario, the S&P could end up at 50). At around the time of the crash, the bubble in long-term treasuries will burst. Retirees and other people who have socked away their money in treasuries will get hit hard. The government itself will start massively buying its own long-term treasuries. Motek�s experts: Art Hogan in straight-shootin� mode (as opposed to wall street shill mode) focuses (but only briefly) on fed�s depression/deflation words, says quite correctly that the focus has been on the cure (ie., bailouts) rather than the illness, lots of badnews, dismal earnings, etc., only slightly better at best in second half (I don�t think so), stay away from consumer discretionary cos., metals higher, market may be higher at year end (not likely), but rocky road till then (and beyond). Financial times editor says shocked by fed�s 0% move, very scary scenario, the specter of depression/deflation looms large, much too much optimism over Obama prospective stimulus plan.  Economy in grip of recession/depression, reports show    Stocks end higher on hopes for economic rebound    Alcoa to cut 13 pct of global work force     The Secular Bear Market Continues      Willem Buiter warns of massive dollar collapse      Bank Of England Policymaker Predicts Unprecedented Dollar Collapse     Car sales plunge heralding bleak 2009 but car stocks rally; construction numbers down but building stocks rally. Will We Have a Good 2009? Not If History Is Any Guide   Stocks slip on telecom and financials; Apple jumps on �jobs alive� news�riiiiightObama plunges into econ talks, borrows a page from bush economic strategy of spending money you don�t have and cutting taxes, and predicts approval    Consumer bankruptcies jumped 33% in 2008 and much worse expected in 2009 including commercial bankruptcies far greater and larger than in 2008   [$$] Don't Get Too Happy About the New Year   Check This Graph-Proof we are going into a Great Depression. Notice MASSIVE job losses. Is there really any doubt any longer?  The Economist, a Widely Respected and Authoritative Financial/Economic Publication: U.S. In Depression, Not Recession   Don�t forget their 2008 talk as now for 2009. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(1-13-09)� DOW 8,448.56 -25.41 -0.30%-5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,546.46 +7.67 +0.50% -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 871.79 +1.53 +0.18% -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $37.78 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $1.86 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $820.70 (+5.58% for year 2008) / SILVER $10.69/ PLATINUM $939/ DOLLAR= .75 EURO, 89 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.29% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Still Absolutely, Absurdly, Ridiculous! Trendsresearch.com forecast for 2009 �Top Financial Advice for 2009 ��Modest losses relative to reality, especially with suckers� rally into the close to end mixed so SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Motek�s (Frank still out and his program suffers mightily) experts: Hugh Johnson, analyst, says Alcoa much worse than expected a wake up call, earnings below expectations, widespread downturn but much more difficult to forecast than ever (welcomed obfuscation so they can talk the talk and sucker you), oil speculators still in play, bailouts old news but enormous deficits/problems therefrom. Investors Business Daily editor, spend and cut taxes, TARP money not enough, $485.2 record deficit, deficits will continue to grow, will catch up to u.s.,� long term better�riiiiight�how �bout in long term as per keynes we�ll all be dead�if you�d have listened to equities oriented IBD you�d probably be broke by now even if you were as they seem to presume a trader.� Analyst Gabriel Isdumb says eventually things will be better�yeah�riiiiight!�right after the depression has run it�s course. Autonation expert says the worst conditions he�s ever seen which he further describes as appalling. All news bad and worse than expected (ie., Alcoa, Citi which received $45 billion in bailout funds and lost $20 billion, etc.). Former chief economist: U.S. in a depression �Sen Dorgan: Federal Reserve Refuses To Identify Recipients Of 2 Trillion In Emergency Loans Throw them, the fed, in gitmo; they�re certainly economic terrorists, frauds, thieves who�ve done far greater damage to america than all america�s enemies combined.�� Our Collapsing Economy According to the Bureau of Labor Statistics, nonfarm payroll employment declined by 3,445,000 from December 2007 through December 2008. Marc Faber: �I Think it Might Be Far Worse [Than the Great Depression] Precisely Because of the Interventions� by the Government The latest edition of Marc Faber�s latest newsletter fell off two separate trucks in my �hood, and I thought the most useful bits were Faber�s observations (honed from many years of seeing the world from Asia) that just because a market has gone down a ton doesn�t mean it can�t go down a great deal further. U.S. Economy May Shrink 1.5% in 2009 as Depression Stymies Fed Economists slashed forecasts for U.S. growth in 2009 and projected Federal Reserve policy makers won�t be able to start raising interest rates until 2010, according to a monthly Bloomberg News survey� Treasury: Deficit hits new record in just 3 months... TREASURY PICK FAILED TO PAY TAXES� �Bond Bubble Looms ��The key here is to stay the course and not to be sucked into the hype; don�t let your eyes deceive you. Printing money non-stop for a year (or longer, I don�t see him stopping any time soon) will have consequences (meaning hyperinflation/worthless dollar, etc.).� Those commerce department job numbers in prior months revised upwards (I warned of the falsity of same even as wall street frauds rallied on the false data).� 2.6 million jobs lost in 2008, worst since 1945. Motek�s experts: Financial analyst says treasuries at 0%, money markets near 0%, so seek companies with pristine balance sheets and dividends, negative doldrums as market (irrationally) shrugs off bad news, no magic wand from new president, cross your fingers and hope�..riiiiight! Economist discusses jobs report, says lagging indicator and rough time, savings up but spending down, weakness through at least first quarter of 2010, lots of pain ahead, real estate prices continue decline through coming year,� -20% to �25% with land of fruits and nuts in worst case scenario. Another economist also discusses continued declines for real estate with land of fruits and nuts in worst case camp, foreclosures a lot higher with peak at 20%, and cites (probable) decade long stagnation as Japan in �90�s.�� US Debt is really 53 Trillion. Can you say Dollar Collapse then Massive Hyperinflation Coming? ���Roubini Joins Faber and Rogers in Saying Bubble in Treasuries Will Likely Burst �Now the U.S. porn industry seeks $5billion bailout ��Citi, Morgan Stanley in brokerage talks; Rubin quits�� $$] Rubin Departs Citi on a Low Note (at The Wall Street Journal Online)� Agency warns on automakers' pension funds: report�� Jobless rate at 16-year high as payrolls plunge��� Job losses hit 2.6 million as layoff pain deepens� Wall Street falls on job woes, Citi��� Stocks slide after rise in unemployment rate (AP)�� Manufacturing slumps at fastest pace since 1981 ��More people collecting unemployment benefits ���Depression more severe than thought: Fed�s Rosengren �����Horrible data and again worse than expected but suckers� bear market rally into the close based on bull s**t and bailouts (with money they don�t have) provides excuse for irrational exuberance and mixed close. Weak retail and unemployment at 26 year high.Motek�s experts: Analyst points to dire warnings across the board while real estate/housing/building analyst says 2009 will be bad year with 20% declines in real estate values as unemployment goes higher while another real estate analyst says not a good time to buy a home. U.S. companies face $409 billion pension deficit: study ��U.S. debt is losing its appeal in China ��LET'S PRINT MORE WORTHLESS MONEY! ���Obama Bets Big on Big Government... �Dems Raise Doubts on Plan... �A worse-than-expected ADP employment report indicated 693,000 jobs were lost in December far above the expected 493,000 and a warning from Intel (INTC 14.44, -0.93) underpinned early weakness with typical suckers� rally into the close to finish off lows. Motek�s experts: Analyst says first 5 days of trading in January, 2009 historically a bad sign, gloomy employment scenario with 693,000 jobs lost in December, economic contraction in major way coupled with poor earnings, 1.2 trillion budget deficit at 6.8% of GDP or worse so tough to make bull case, defensive position, low allocation to equities with high capitalization/consumer staples. Oil analyst points to weak economy/jobs data, absence of leveraged money chasing oil and says $60 oil soon. Economist, part of the corrupt fed team discusses job losses. Final expert discusses demographic trends behind and causative of cycles as 1929, 1968, and now, baby boomers, bleak outlook, economically shot their wad in terms of ability to avoid depression. �Analyst Predicts 40% Unemployment, No Recovery until 2015 ����Bear rally over, the great dying begins in corporate America Wall Street falls sharply on employment realities, realistically bleak corporate outlooks �Budget deficit to hit $1.2 trillion in fiscal 2009� Intel warns second time on quarter� U.S. says Madoff sent diamonds in violation of bail�� Profit warnings, poor job outlook weigh on stocks (AP) �Yes, fed now using the �D� for depression word which means we�re in a depression (after all, they were saying no recession when we were already in one). What are they still drinking, smoking, snorting on wall street with suckers� bear market rally into the close. They�ll still get their commissions on the way down and maybe stick you with their over-priced dogs as well. Same modus operandi as in January et seq, 2008 when they sucked in the suckers who this time (fool you twice, shame on you) will deserve to be burned for wall street commissions/compensation/ bonuses� sake as in the year just passed. Service sector (90% of american economy, viz., bull s**t), factory orders, pending home sales down (worst on record) and much worse than expected. �Some reality: After a short modest rally in the stock markets, lasting at best if at all, 1 to 4 months after Obama is inaugurated as President, people will realize that Obama�s stimulus plan isn�t going to work. Specifically, it will become obvious that we�re in a Great Depression, and that nothing that Bushco or Obamaco did can get us out of it (it may take a while longer for people to realize that what both administrations did actually made the financial crisis much worse).� At that point, the stock market will crash like a waterfall. Mish thinks the crash will leave the S&P at 600. Robert McHugh thinks the crash will drive the S&P to 500 or lower (in McHugh�s worst-case scenario, the S&P could end up at 50). At around the time of the crash, the bubble in long-term treasuries will burst. Retirees and other people who have socked away their money in treasuries will get hit hard. The government itself will start massively buying its own long-term treasuries. Motek�s experts: Art Hogan in straight-shootin� mode (as opposed to wall street shill mode) focuses (but only briefly) on fed�s depression/deflation words, says quite correctly that the focus has been on the cure (ie., bailouts) rather than the illness, lots of badnews, dismal earnings, etc., only slightly better at best in second half (I don�t think so), stay away from consumer discretionary cos., metals higher, market may be higher at year end (not likely), but rocky road till then (and beyond). Financial times editor says shocked by fed�s 0% move, very scary scenario, the specter of depression/deflation looms large, much too much optimism over Obama prospective stimulus plan.� Economy in grip of recession/depression, reports show��� Stocks end higher on hopes for economic rebound��� Alcoa to cut 13 pct of global work force���� The Secular Bear Market Continues �����Willem Buiter warns of massive dollar collapse �����Bank Of England Policymaker Predicts Unprecedented Dollar Collapse ����Car sales plunge heralding bleak 2009 but car stocks rally; construction numbers down but building stocks rally. Will We Have a Good 2009? Not If History Is Any Guide ��Stocks slip on telecom and financials; Apple jumps on �jobs alive� news�riiiiight!� Obama plunges into econ talks, borrows a page from bush economic strategy of spending money you don�t have and cutting taxes, and predicts approval� ��Consumer bankruptcies jumped 33% in 2008 and much worse expected in 2009 including commercial bankruptcies far greater and larger than in 2008�� [$$] Don't Get Too Happy About the New Year ��Check This Graph-Proof we are going into a Great Depression. Notice MASSIVE job losses. Is there really any doubt any longer? �The Economist, a Widely Respected and Authoritative Financial/Economic Publication: U.S. In Depression, Not Recession ��Don�t forget their 2008 talk as now for 2009. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME.

(1-12-09)� DOW 8,473.97 -125.21 -1.46% -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,538.79 -32.80 -2.09% -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 870.26 -20.09 -2.26% -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $37.58 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $1.86 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $825 (+5.58% for year 2008) / SILVER $10.65/ PLATINUM $953/ DOLLAR= .75 EURO, 89 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.38% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Still Absolutely, Absurdly, Ridiculous! Trendsresearch.com forecast for 2009 �Top Financial Advice for 2009 ��Modest losses relative to reality, especially with suckers� rally into the close so SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Motek�s (Frank was out and his program suffered) experts: Analyst Gabriel Isdumb says eventually things will be better�yeah�riiiiight!�right after the depression has run it�s course. Autonation expert says the worst conditions he�s ever seen which he further describes as appalling. All news bad and worse than expected (ie., Alcoa, Citi which received $45 billion in bailout funds and lost $20 billiion), etc.). Former chief economist: U.S. in a depression ��Bond Bubble Looms ��The key here is to stay the course and not to be sucked into the hype; don�t let your eyes deceive you. Printing money non-stop for a year (or longer, I don�t see him stopping any time soon) will have consequences (meaning hyperinflation/worthless dollar, etc.).� Those commerce department job numbers in prior months revised upwards (I warned of the falsity of same even as wall street frauds rallied on the false data).� 2.6 million jobs lost in 2008, worst since 1945. Motek�s experts: Financial analyst says treasuries at 0%, money markets near 0%, so seek companies with pristine balance sheets and dividends, negative doldrums as market (irrationally) shrugs off bad news, no magic wand from new president, cross your fingers and hope�..riiiiight! Economist discusses jobs report, says lagging indicator and rough time, savings up but spending down, weakness through at least first quarter of 2010, lots of pain ahead, real estate prices continue decline through coming year,� -20% to �25% with land of fruits and nuts in worst case scenario. Another economist also discusses continued declines for real estate with land of fruits and nuts in worst case camp, foreclosures a lot higher with peak at 20%, and cites (probable) decade long stagnation as Japan in �90�s.�� US Debt is really 53 Trillion. Can you say Dollar Collapse then Massive Hyperinflation Coming? ���Roubini Joins Faber and Rogers in Saying Bubble in Treasuries Will Likely Burst �Now the U.S. porn industry seeks $5billion bailout ��Citi, Morgan Stanley in brokerage talks; Rubin quits�� $$] Rubin Departs Citi on a Low Note (at The Wall Street Journal Online)� Agency warns on automakers' pension funds: report�� Jobless rate at 16-year high as payrolls plunge��� Job losses hit 2.6 million as layoff pain deepens� Wall Street falls on job woes, Citi��� Stocks slide after rise in unemployment rate (AP)�� Manufacturing slumps at fastest pace since 1981 ��More people collecting unemployment benefits ���Depression more severe than thought: Fed�s Rosengren �����Horrible data and again worse than expected but suckers� bear market rally into the close based on bull s**t and bailouts (with money they don�t have) provides excuse for irrational exuberance and mixed close. Weak retail and unemployment at 26 year high.Motek�s experts: Analyst points to dire warnings across the board while real estate/housing/building analyst says 2009 will be bad year with 20% declines in real estate values as unemployment goes higher while another real estate analyst says not a good time to buy a home. U.S. companies face $409 billion pension deficit: study ��U.S. debt is losing its appeal in China ��LET'S PRINT MORE WORTHLESS MONEY! ���Obama Bets Big on Big Government... �Dems Raise Doubts on Plan... �A worse-than-expected ADP employment report indicated 693,000 jobs were lost in December far above the expected 493,000 and a warning from Intel (INTC 14.44, -0.93) underpinned early weakness with typical suckers� rally into the close to finish off lows. Motek�s experts: Analyst says first 5 days of trading in January, 2009 historically a bad sign, gloomy employment scenario with 693,000 jobs lost in December, economic contraction in major way coupled with poor earnings, 1.2 trillion budget deficit at 6.8% of GDP or worse so tough to make bull case, defensive position, low allocation to equities with high capitalization/consumer staples. Oil analyst points to weak economy/jobs data, absence of leveraged money chasing oil and says $60 oil soon. Economist, part of the corrupt fed team discusses job losses. Final expert discusses demographic trends behind and causative of cycles as 1929, 1968, and now, baby boomers, bleak outlook, economically shot their wad in terms of ability to avoid depression. �Analyst Predicts 40% Unemployment, No Recovery until 2015 ����Bear rally over, the great dying begins in corporate America Wall Street falls sharply on employment realities, realistically bleak corporate outlooks �Budget deficit to hit $1.2 trillion in fiscal 2009� Intel warns second time on quarter �U.S. says Madoff sent diamonds in violation of bail�� Profit warnings, poor job outlook weigh on stocks (AP) �Yes, fed now using the �D� for depression word which means we�re in a depression (after all, they were saying no recession when we were already in one). What are they still drinking, smoking, snorting on wall street with suckers� bear market rally into the close. They�ll still get their commissions on the way down and maybe stick you with their over-priced dogs as well. Same modus operandi as in January et seq, 2008 when they sucked in the suckers who this time (fool you twice, shame on you) will deserve to be burned for wall street commissions/compensation/ bonuses� sake as in the year just passed. Service sector (90% of american economy, viz., bull s**t), factory orders, pending home sales down (worst on record) and much worse than expected. �Some reality: After a short modest rally in the stock markets, lasting at best if at all, 1 to 4 months after Obama is inaugurated as President, people will realize that Obama�s stimulus plan isn�t going to work. Specifically, it will become obvious that we�re in a Great Depression, and that nothing that Bushco or Obamaco did can get us out of it (it may take a while longer for people to realize that what both administrations did actually made the financial crisis much worse).� At that point, the stock market will crash like a waterfall. Mish thinks the crash will leave the S&P at 600. Robert McHugh thinks the crash will drive the S&P to 500 or lower (in McHugh�s worst-case scenario, the S&P could end up at 50). At around the time of the crash, the bubble in long-term treasuries will burst. Retirees and other people who have socked away their money in treasuries will get hit hard. The government itself will start massively buying its own long-term treasuries. Motek�s experts: Art Hogan in straight-shootin� mode (as opposed to wall street shill mode) focuses (but only briefly) on fed�s depression/deflation words, says quite correctly that the focus has been on the cure (ie., bailouts) rather than the illness, lots of badnews, dismal earnings, etc., only slightly better at best in second half (I don�t think so), stay away from consumer discretionary cos., metals higher, market may be higher at year end (not likely), but rocky road till then (and beyond). Financial times editor says shocked by fed�s 0% move, very scary scenario, the specter of depression/deflation looms large, much too much optimism over Obama prospective stimulus plan.� Economy in grip of recession/depression, reports show��� Stocks end higher on hopes for economic rebound��� Alcoa to cut 13 pct of global work force���� The Secular Bear Market Continues �����Willem Buiter warns of massive dollar collapse �����Bank Of England Policymaker Predicts Unprecedented Dollar Collapse ����Car sales plunge heralding bleak 2009 but car stocks rally; construction numbers down but building stocks rally. Will We Have a Good 2009? Not If History Is Any Guide ��Stocks slip on telecom and financials; Apple jumps on �jobs alive� news�riiiiight! �Obama plunges into econ talks, borrows a page from bush economic strategy of spending money you don�t have and cutting taxes, and predicts approval� ��Consumer bankruptcies jumped 33% in 2008 and much worse expected in 2009 including commercial bankruptcies far greater and larger than in 2008�� [$$] Don't Get Too Happy About the New Year ��Check This Graph-Proof we are going into a Great Depression. Notice MASSIVE job losses. Is there really any doubt any longer? �The Economist, a Widely Respected and Authoritative Financial/Economic Publication: U.S. In Depression, Not Recession ��Don�t forget their 2008 talk as now for 2009. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME.

(1-9-09)� DOW 8,599.18 -143.28 -1.64% -5% for first full week of January -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,571.59 -45.42 -2.81% -4% for first full week of January -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 890.35 -19.38 -2.13% -4% for first full week of January -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $40.83 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $1.86 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $855 (+5.58% for year 2008) / SILVER $11.33/ PLATINUM $999/ DOLLAR= .73 EURO, 90 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.38% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Still Absolutely, Absurdly, Ridiculous! Trendsresearch.com forecast for 2009 �Top Financial Advice for 2009 ��Modest losses relative to reality so SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. �Those commerce department job numbers in prior months revised upwards (I warned of the falsity of same even as wall street frauds rallied on the false data).� 2.6 million jobs lost in 2008, worst since 1945. Motek�s experts: Financial analyst says treasuries at 0%, money markets near 0%, so seek companies with pristine balance sheets and dividends, negative doldrums as market (irrationally) shrugs off bad news, no magic wand from new president, cross your fingers and hope�..riiiiight! Economist discusses jobs report, says lagging indicator and rough time, savings up but spending down, weakness through at least first quarter of 2010, lots of pain ahead, real estate prices continue decline through coming year,� -20% to �25% with land of fruits and nuts in worst case scenario. Another economist also discusses continued declines for real estate with land of fruits and nuts in worst case camp, foreclosures a lot higher with peak at 20%, and cites (probable) decade long stagnation as Japan in �90�s.�� US Debt is really 53 Trillion. Can you say Dollar Collapse then Massive Hyperinflation Coming? ���Roubini Joins Faber and Rogers in Saying Bubble in Treasuries Will Likely Burst �Now the U.S. porn industry seeks $5billion bailout ��Citi, Morgan Stanley in brokerage talks; Rubin quits�� $$] Rubin Departs Citi on a Low Note (at The Wall Street Journal Online)� Agency warns on automakers' pension funds: report�� Jobless rate at 16-year high as payrolls plunge��� Job losses hit 2.6 million as layoff pain deepens� Wall Street falls on job woes, Citi��� Stocks slide after rise in unemployment rate (AP)�� Manufacturing slumps at fastest pace since 1981 ��More people collecting unemployment benefits ���Depression more severe than thought: Fed�s Rosengren �����Horrible data and again worse than expected but suckers� bear market rally into the close based on bull s**t and bailouts (with money they don�t have) provides excuse for irrational exuberance and mixed close. Weak retail and unemployment at 26 year high.Motek�s experts: Analyst points to dire warnings across the board while real estate/housing/building analyst says 2009 will be bad year with 20% declines in real estate values as unemployment goes higher while another real estate analyst says not a good time to buy a home. U.S. companies face $409 billion pension deficit: study ��U.S. debt is losing its appeal in China ��LET'S PRINT MORE WORTHLESS MONEY! ���Obama Bets Big on Big Government... �Dems Raise Doubts on Plan... �A worse-than-expected ADP employment report indicated 693,000 jobs were lost in December far above the expected 493,000 and a warning from Intel (INTC 14.44, -0.93) underpinned early weakness with typical suckers� rally into the close to finish off lows. Motek�s experts: Analyst says first 5 days of trading in January, 2009 historically a bad sign, gloomy employment scenario with 693,000 jobs lost in December, economic contraction in major way coupled with poor earnings, 1.2 trillion budget deficit at 6.8% of GDP or worse so tough to make bull case, defensive position, low allocation to equities with high capitalization/consumer staples. Oil analyst points to weak economy/jobs data, absence of leveraged money chasing oil and says $60 oil soon. Economist, part of the corrupt fed team discusses job losses. Final expert discusses demographic trends behind and causative of cycles as 1929, 1968, and now, baby boomers, bleak outlook, economically shot their wad in terms of ability to avoid depression. �Analyst Predicts 40% Unemployment, No Recovery until 2015 ����Bear rally over, the great dying begins in corporate America Wall Street falls sharply on employment realities, realistically bleak corporate outlooks �Budget deficit to hit $1.2 trillion in fiscal 2009� Intel warns second time on quarter �U.S. says Madoff sent diamonds in violation of bail�� Profit warnings, poor job outlook weigh on stocks (AP) �Yes, fed now using the �D� for depression word which means we�re in a depression (after all, they were saying no recession when we were already in one). What are they still drinking, smoking, snorting on wall street with suckers� bear market rally into the close. They�ll still get their commissions on the way down and maybe stick you with their over-priced dogs as well. Same modus operandi as in January et seq, 2008 when they sucked in the suckers who this time (fool you twice, shame on you) will deserve to be burned for wall street commissions/compensation/ bonuses� sake as in the year just passed. Service sector (90% of american economy, viz., bull s**t), factory orders, pending home sales down (worst on record) and much worse than expected. �Some reality: After a short modest rally in the stock markets, lasting at best if at all, 1 to 4 months after Obama is inaugurated as President, people will realize that Obama�s stimulus plan isn�t going to work. Specifically, it will become obvious that we�re in a Great Depression, and that nothing that Bushco or Obamaco did can get us out of it (it may take a while longer for people to realize that what both administrations did actually made the financial crisis much worse).� At that point, the stock market will crash like a waterfall. Mish thinks the crash will leave the S&P at 600. Robert McHugh thinks the crash will drive the S&P to 500 or lower (in McHugh�s worst-case scenario, the S&P could end up at 50). At around the time of the crash, the bubble in long-term treasuries will burst. Retirees and other people who have socked away their money in treasuries will get hit hard. The government itself will start massively buying its own long-term treasuries. Motek�s experts: Art Hogan in straight-shootin� mode (as opposed to wall street shill mode) focuses (but only briefly) on fed�s depression/deflation words, says quite correctly that the focus has been on the cure (ie., bailouts) rather than the illness, lots of badnews, dismal earnings, etc., only slightly better at best in second half (I don�t think so), stay away from consumer discretionary cos., metals higher, market may be higher at year end (not likely), but rocky road till then (and beyond). Financial times editor says shocked by fed�s 0% move, very scary scenario, the specter of depression/deflation looms large, much too much optimism over Obama prospective stimulus plan.� Economy in grip of recession/depression, reports show��� Stocks end higher on hopes for economic rebound��� Alcoa to cut 13 pct of global work force���� The Secular Bear Market Continues �����Willem Buiter warns of massive dollar collapse �����Bank Of England Policymaker Predicts Unprecedented Dollar Collapse ����Car sales plunge heralding bleak 2009 but car stocks rally; construction numbers down but building stocks rally. Will We Have a Good 2009? Not If History Is Any Guide ��Stocks slip on telecom and financials; Apple jumps on �jobs alive� news�riiiiight!� Obama plunges into econ talks, borrows a page from bush economic strategy of spending money you don�t have and cutting taxes, and predicts approval� ��Consumer bankruptcies jumped 33% in 2008 and much worse expected in 2009 including commercial bankruptcies far greater and larger than in 2008�� [$$] Don't Get Too Happy About the New Year ��Check This Graph-Proof we are going into a Great Depression. Notice MASSIVE job losses. Is there really any doubt any longer? �The Economist, a Widely Respected and Authoritative Financial/Economic Publication: U.S. In Depression, Not Recession ��Don�t forget their 2008 talk as now for 2009. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(1-8-09)� DOW 8,742.46 -27.24 -0.31% -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,617.01 +17.95 +1.12% -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 909.73 +3.08 +0.34% -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $41.70 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $1.86 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $854.50 (+5.58% for year 2008) / SILVER $11.09/ PLATINUM $990.10/ DOLLAR= .72 EURO, 93 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.45% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Absolutely, Absurdly, Ridiculous! Trendsresearch.com forecast for 2009 �Top Financial Advice for 2009 �Horrible data and again worse than expected but suckers� bear market rally into the close based on bull s**t and bailouts (with money they don�t have) provides excuse for irrational exuberance and mixed close. Weak retail and unemployment at 26 year high.Motek�s experts: Analyst points to dire warnings across the board while real estate/housing/building analyst says 2009 will be bad year with 20% declines in real estate values as unemployment goes higher while another real estate analyst says not a good time to buy a home. U.S. companies face $409 billion pension deficit: study ��U.S. debt is losing its appeal in China ��LET'S PRINT MORE WORTHLESS MONEY! ���Obama Bets Big on Big Government... �Dems Raise Doubts on Plan... �A worse-than-expected ADP employment report indicated 693,000 jobs were lost in December far above the expected 493,000 and a warning from Intel (INTC 14.44, -0.93) underpinned early weakness with typical suckers� rally into the close to finish off lows. Motek�s experts: Analyst says first 5 days of trading in January, 2009 historically a bad sign, gloomy employment scenario with 693,000 jobs lost in December, economic contraction in major way coupled with poor earnings, 1.2 trillion budget deficit at 6.8% of GDP or worse so tough to make bull case, defensive position, low allocation to equities with high capitalization/consumer staples. Oil analyst points to weak economy/jobs data, absence of leveraged money chasing oil and says $60 oil soon. Economist, part of the corrupt fed team discusses job losses. Final expert discusses demographic trends behind and causative of cycles as 1929, 1968, and now, baby boomers, bleak outlook, economically shot their wad in terms of ability to avoid depression. �Analyst Predicts 40% Unemployment, No Recovery until 2015 ����Bear rally over, the great dying begins in corporate America Wall Street falls sharply on employment realities, realistically bleak corporate outlooks �Budget deficit to hit $1.2 trillion in fiscal 2009� Intel warns second time on quarter �U.S. says Madoff sent diamonds in violation of bail�� Profit warnings, poor job outlook weigh on stocks (AP) �Yes, fed now using the �D� for depression word which means we�re in a depression (after all, they were saying no recession when we were already in one). What are they still drinking, smoking, snorting on wall street with suckers� bear market rally into the close. They�ll still get their commissions on the way down and maybe stick you with their over-priced dogs as well. Same modus operandi as in January et seq, 2008 when they sucked in the suckers who this time (fool you twice, shame on you) will deserve to be burned for wall street commissions/compensation/ bonuses� sake as in the year just passed. Service sector (90% of american economy, viz., bull s**t), factory orders, pending home sales down (worst on record) and much worse than expected. �Some reality: After a short modest rally in the stock markets, lasting at best if at all, 1 to 4 months after Obama is inaugurated as President, people will realize that Obama�s stimulus plan isn�t going to work. Specifically, it will become obvious that we�re in a Great Depression, and that nothing that Bushco or Obamaco did can get us out of it (it may take a while longer for people to realize that what both administrations did actually made the financial crisis much worse).� At that point, the stock market will crash like a waterfall. Mish thinks the crash will leave the S&P at 600. Robert McHugh thinks the crash will drive the S&P to 500 or lower (in McHugh�s worst-case scenario, the S&P could end up at 50). At around the time of the crash, the bubble in long-term treasuries will burst. Retirees and other people who have socked away their money in treasuries will get hit hard. The government itself will start massively buying its own long-term treasuries. Motek�s experts: Art Hogan in straight-shootin� mode (as opposed to wall street shill mode) focuses (but only briefly) on fed�s depression/deflation words, says quite correctly that the focus has been on the cure (ie., bailouts) rather than the illness, lots of badnews, dismal earnings, etc., only slightly better at best in second half (I don�t think so), stay away from consumer discretionary cos., metals higher, market may be higher at year end (not likely), but rocky road till then (and beyond). Financial times editor says shocked by fed�s 0% move, very scary scenario, the specter of depression/deflation looms large, much too much optimism over Obama prospective stimulus plan.� Economy in grip of recession/depression, reports show��� Stocks end higher on hopes for economic rebound��� Alcoa to cut 13 pct of global work force���� The Secular Bear Market Continues �����Willem Buiter warns of massive dollar collapse �����Bank Of England Policymaker Predicts Unprecedented Dollar Collapse ����Car sales plunge heralding bleak 2009 but car stocks rally; construction numbers down but building stocks rally. Will We Have a Good 2009? Not If History Is Any Guide ��Stocks slip on telecom and financials; Apple jumps on �jobs alive� news�riiiiight!� Obama plunges into econ talks, borrows a page from bush economic strategy of spending money you don�t have and cutting taxes, and predicts approval� ��Consumer bankruptcies jumped 33% in 2008 and much worse expected in 2009 including commercial bankruptcies far greater and larger than in 2008�� [$$] Don't Get Too Happy About the New Year ��Check This Graph-Proof we are going into a Great Depression. Notice MASSIVE job losses. Is there really any doubt any longer? �The Economist, a Widely Respected and Authoritative Financial/Economic Publication: U.S. In Depression, Not Recession ��Don�t forget their 2008 talk as now for 2009. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(1-7-09)� DOW 8,769.70 -245.40 -2.72% -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,599.06 -53.32 -3.23% -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 906.65 -28.05 -3.00% -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $42.63 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $1.86 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $841.70 (+5.58% for year 2008) / SILVER $11.10/ PLATINUM $990.10/ DOLLAR= .72 EURO, 93 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.49% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Still Absolutely, Absurdly, Ridiculous! Modest losses relative to reality. Trendsresearch.com forecast for 2009 �Top Financial Advice for 2009 �Horrible data and again worse than expected, A worse-than-expected ADP employment report indicated 693,000 jobs were lost in December far above the expected 493,000 and a warning from Intel (INTC 14.44, -0.93) underpinned early weakness with typical suckers� rally into the close to finish off lows. Motek�s experts: Analyst says first 5 days of trading in January, 2009 historically a bad sign, gloomy employment scenario with 693,000 jobs lost in December, economic contraction in major way coupled with poor earnings, 1.2 trillion budget deficit at 6.8% of GDP or worse so tough to make bull case, defensive position, low allocation to equities with high capitalization/consumer staples. Oil analyst points to weak economy/jobs data, absence of leveraged money chasing oil and says $60 oil soon. Economist, part of the corrupt fed team discusses job losses. Final expert discusses demographic trends behind and causative of cycles as 1929, 1968, and now, baby boomers, bleak outlook, economically shot their wad in terms of ability to avoid depression. �Analyst Predicts 40% Unemployment, No Recovery until 2015 ����Bear rally over, the great dying begins in corporate America Wall Street falls sharply on employment realities, realistically bleak corporate outlooks �Budget deficit to hit $1.2 trillion in fiscal 2009� Intel warns second time on quarter �U.S. says Madoff sent diamonds in violation of bail�� Profit warnings, poor job outlook weigh on stocks (AP) �Yes, fed now using the �D� for depression word which means we�re in a depression (after all, they were saying no recession when we were already in one). What are they still drinking, smoking, snorting on wall street with suckers� bear market rally into the close. They�ll still get their commissions on the way down and maybe stick you with their over-priced dogs as well. Same modus operandi as in January et seq, 2008 when they sucked in the suckers who this time (fool you twice, shame on you) will deserve to be burned for wall street commissions/compensation/ bonuses� sake as in the year just passed. Service sector (90% of american economy, viz., bull s**t), factory orders, pending home sales down (worst on record) and much worse than expected. �Some reality: After a short modest rally in the stock markets, lasting at best if at all, 1 to 4 months after Obama is inaugurated as President, people will realize that Obama�s stimulus plan isn�t going to work. Specifically, it will become obvious that we�re in a Great Depression, and that nothing that Bushco or Obamaco did can get us out of it (it may take a while longer for people to realize that what both administrations did actually made the financial crisis much worse).� At that point, the stock market will crash like a waterfall. Mish thinks the crash will leave the S&P at 600. Robert McHugh thinks the crash will drive the S&P to 500 or lower (in McHugh�s worst-case scenario, the S&P could end up at 50). At around the time of the crash, the bubble in long-term treasuries will burst. Retirees and other people who have socked away their money in treasuries will get hit hard. The government itself will start massively buying its own long-term treasuries. Motek�s experts: Art Hogan in straight-shootin� mode (as opposed to wall street shill mode) focuses (but only briefly) on fed�s depression/deflation words, says quite correctly that the focus has been on the cure (ie., bailouts) rather than the illness, lots of badnews, dismal earnings, etc., only slightly better at best in second half (I don�t think so), stay away from consumer discretionary cos., metals higher, market may be higher at year end (not likely), but rocky road till then (and beyond). Financial times editor says shocked by fed�s 0% move, very scary scenario, the specter of depression/deflation looms large, much too much optimism over Obama prospective stimulus plan.� Economy in grip of recession/depression, reports show��� Stocks end higher on hopes for economic rebound��� Alcoa to cut 13 pct of global work force���� The Secular Bear Market Continues �����Willem Buiter warns of massive dollar collapse �����Bank Of England Policymaker Predicts Unprecedented Dollar Collapse ����Car sales plunge heralding bleak 2009 but car stocks rally; construction numbers down but building stocks rally. Will We Have a Good 2009? Not If History Is Any Guide ��Stocks slip on telecom and financials; Apple jumps on �jobs alive� news�riiiiight!� Obama plunges into econ talks, borrows a page from bush economic strategy of spending money you don�t have and cutting taxes, and predicts approval� ��Consumer bankruptcies jumped 33% in 2008 and much worse expected in 2009 including commercial bankruptcies far greater and larger than in 2008� �[$$] Don't Get Too Happy About the New Year ��Check This Graph-Proof we are going into a Great Depression. Notice MASSIVE job losses. Is there really any doubt any longer? �The Economist, a Widely Respected and Authoritative Financial/Economic Publication: U.S. In Depression, Not Recession ��Don�t forget their 2008 talk as now for 2009. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(1-6-09)� DOW 9,015.10+62.21+0.69% -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,652.38+24.35+1.50% -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 934.70+7.60+.76% -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $48.58 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $1.83 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $865.58 (+5.58% for year 2008) / SILVER $11.44/ PLATINUM $968.20/ DOLLAR= .74 EURO, 93 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.45% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Absolutely, Absurdly, Ridiculous! Yes, fed now using the �D� for depression word which means we�re in a depression (after all, they were saying no recession when we were already in one). What are they still drinking, smoking, snorting on wall street with suckers� bear market rally into the close. They�ll still get their commissions on the way down and maybe stick you with their over-priced dogs as well. Same modus operandi as in January et seq, 2008 when they sucked in the suckers who this time (fool you twice, shame on you) will deserve to be burned for wall street commissions/compensation/ bonuses� sake as in the year just passed. Service sector (90% of american economy, viz., bull s**t), factory orders, pending home sales down (worst on record) and much worse than expected. �Some reality: After a short modest rally in the stock markets, lasting at best if at all, 1 to 4 months after Obama is inaugurated as President, people will realize that Obama�s stimulus plan isn�t going to work. Specifically, it will become obvious that we�re in a Great Depression, and that nothing that Bushco or Obamaco did can get us out of it (it may take a while longer for people to realize that what both administrations did actually made the financial crisis much worse).� At that point, the stock market will crash like a waterfall. Mish thinks the crash will leave the S&P at 600. Robert McHugh thinks the crash will drive the S&P to 500 or lower (in McHugh�s worst-case scenario, the S&P could end up at 50). At around the time of the crash, the bubble in long-term treasuries will burst. Retirees and other people who have socked away their money in treasuries will get hit hard. The government itself will start massively buying its own long-term treasuries. Motek�s experts: Art Hogan in straight-shootin� mode (as opposed to wall street shill mode) focuses (but only briefly) on fed�s depression/deflation words, says quite correctly that the focus has been on the cure (ie., bailouts) rather than the illness, lots of badnews, dismal earnings, etc., only slightly better at best in second half (I don�t think so), stay away from consumer discretionary cos., metals higher, market may be higher at year end (not likely), but rocky road till then (and beyond). Financial times editor says shocked by fed�s 0% move, very scary scenario, the specter of depression/deflation looms large, much too much optimism over Obama prospective stimulus plan.� Economy in grip of recession/depression, reports show��� Stocks end higher on hopes for economic rebound��� Alcoa to cut 13 pct of global work force���� The Secular Bear Market Continues �����Willem Buiter warns of massive dollar collapse �����Bank Of England Policymaker Predicts Unprecedented Dollar Collapse ����Car sales plunge heralding bleak 2009 but car stocks rally; construction numbers down but building stocks rally. Will We Have a Good 2009? Not If History Is Any Guide ��Stocks slip on telecom and financials; Apple jumps on �jobs alive� news�riiiiight!� Obama plunges into econ talks, borrows a page from bush economic strategy of spending money you don�t have and cutting taxes, and predicts approval� ��Consumer bankruptcies jumped 33% in 2008 and much worse expected in 2009 including commercial bankruptcies far greater and larger than in 2008�� [$$] Don't Get Too Happy About the New Year ��Check This Graph-Proof we are going into a Great Depression. Notice MASSIVE job losses. Is there really any doubt any longer? �The Economist, a Widely Respected and Authoritative Financial/Economic Publication: U.S. In Depression, Not Recession ��Don�t forget their 2008 talk as now for 2009. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME.

(1-5-09)� DOW 8,952.89-81.80-0.91% -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,628.03-4.18-0.26% -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 927.45-4.35-0.47% -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $49.11 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $1.83 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.47 DIESEL)/ GOLD $857.80 (+5.58% for year 2008) / SILVER $11.29/ PLATINUM $925 / DOLLAR= .73 EURO, 92 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.47% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Absolutely, Absurdly, Ridiculous! What are they still drinking, smoking, snorting on wall street with modest losses relative to reality with suckers� bear market rally off the lows. Not to worry; they�ll still get their commissions on the way down and maybe stick you with their over-priced dogs as well. Same modus operandi as in January, 2008 when they sucked in the suckers who this time (fool you twice, shame on you) will deserve to be burned for their commissions/compensation/bonuses� sake as in the year just passed. Some reality: After a short modest rally in the stock markets, lasting at best if at all, 1 to 4 months after Obama is inaugurated as President, people will realize that Obama�s stimulus plan isn�t going to work. Specifically, it will become obvious that we�re in a Great Depression, and that nothing that Bushco or Obamaco did can get us out of it (it may take a while longer for people to realize that what both administrations did actually made the financial crisis much worse).� At that point, the stock market will crash like a waterfall. Mish thinks the crash will leave the S&P at 600. Robert McHugh thinks the crash will drive the S&P to 500 or lower (in McHugh�s worst-case scenario, the S&P could end up at 50). At around the time of the crash, the bubble in long-term treasuries will burst. Retirees and other people who have socked away their money in treasuries will get hit hard. The government itself will start massively buying its own long-term treasuries.� Car sales plunge heralding bleak 2009 but car stocks rally; construction numbers down but building stocks rally. Will We Have a Good 2009? Not If History Is Any Guide ��Stocks slip on telecom and financials; Apple jumps on �jobs alive� news�riiiiight!� Obama plunges into econ talks, borrows a page from bush economic strategy of spending money you don�t have and cutting taxes, and predicts approval� ��Consumer bankruptcies jumped 33% in 2008 and much worse expected in 2009 including commercial bankruptcies far greater and larger than in 2008�� [$$] Don't Get Too Happy About the New Year ��Check This Graph-Proof we are going into a Great Depression. Notice MASSIVE job losses. Is there really any doubt any longer? �The Economist, a Widely Respected and Authoritative Financial/Economic Publication: U.S. In Depression, Not Recession ��Don�t forget their 2008 talk as now for 2009. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. More dismal news for lunatics on wall street to fraud on: ISM factory utilization index fell to the lowest level in over 28 years. Factories mired in worst slump in 28 years� They�re printing worthless Weimar dollars like mad for the celebrated bailouts, bailouts, bailouts, and stimulus so stimulating. Motek�s experts: First expert talks up superstition, the so called �january effect� saying if positive this month then the worst case scenario is �5% for DOW/S&P for the year, so the frauds on wall street are really shootin� for the moon (lunatics) for the effect, still in recession but bear market rallies not bad but not for buy and hold crowd, dump non-performers, favors medical devices/health care related, disfavors autos/financials. Another expert who scans/digests newsletters says market/newsletter euphoria contra-indicated, new lows are coming, the best funds in 2008 were short or cash. News typically bad: Difficulty tracking and monitoring bailout money�Daaaaah! Understated unemployment numbers still at recession/depression levels (4.65 million); retail correction-bankruptcies, closings, fewer stores. Motek�s experts: Peter Shiff says it�s not the disease but the government cure that will kill us, dire forecast for 2009 and beyond-inflation, companies going out of business, commodity prices higher, world�s largest debtor america is bankrupt, more borrowing/spending their failed prescription, bleak picture for dollar the value of which will be halved and high probability that the decline will be 70-90%, gold higher and $2000 gold in not so distant future, oil much higher and $200 oil in next couple of years, stocks will continue to decline, on the long side he favors quality EU, Asia securities and precious metals particularly monetary metals gold, silver. Oil analyst says oil too cheap, geopolitical factors, (israel war mongering, war crimes, etc.; Russia/Ukraine dispute-cut gas supplies affecting Europe), oil to $60-70 rather quickly, gasoline demand anemic but oil price the factor. It�s time for ben stein to resign himself to just a land of fruits and nuts actor/entertainer/speculator as he lambasts Shiff�s prognostication ( he previously had to apologize to Shiff having done wrongly so before- �his criticism of Peter Shiff for warning of this debacle years ago). He throws out a couple of economic terms (demand pull/cost push inflationary terms) to buttress his criticism of Shiff but he�s just out to lunch in citing the absence of demand as militating against Shiff�s inflationary argument since history (and even currently, i.e., zimbabwee) is replete with examples of low demand and or impoverished nations that have over-printed their currencies with hyperinflationary results as will occur in u.s.). Stein should be on the Strip doing stand-up (comedy). He is a joke! Suckers' bear market rally into the close to keep the suckers suckered on NEWS MUCH WORSE THAN ALREADY DISMAL EXPECTATIONS ACROSS THE BOARD: S&P/Case-Shiller Composite Index, October home prices were down 18% year-over-year, the largest drop on record. According to the U.S. Conference Board, consumer confidence dropped more than expected to an all-time low in December AT 38%. Record number of bankruptcies and particulary hard hit commercial sector in coming year, ie., malls, retail, etc.. Worse stock market declines for the year since 1931 (Great Depression) and worse to come in 2009 despite suckers� bear market rallies to keep you sucked in. Put these wall street frauds in jail and force disgorgement of their fraudulent gains. There are loads of able new grads and job seekers who can take the place of the wall street frauds who caused the crisis owing to their own avarice and continue the coverup to get taxpayer bailout funds. The markets should be efficient and predicated on rational valuation which is totally absent in america�s fraudulent, manipulated markets. Absent prosecution and disgorgement in these ongoing multi-trillion dollar fraud schemes (new ponzi scheme uncovered in addition to madoff, which are just tips of the iceberg of multi-trillion dollar frauds), america will not be worth the paper the worthless Weimar dollars and worthless securities denominated in same are printed on.� Non-Motek expert: markets to fall into 2010 or worse case, later. Motek experts: They discuss dismal news, for year DOW-35%, NASDAQ-42%, S&P-40%, $7-10 trillion in wealth destroyed, second-half inflation from printing worthless Weimar dollars/stagflation; another expert, consumer has collapsed, 2009 will be very tough year for autos; a real estate analyst says 2009 will be a very tough year and hopefully we�ll get through this�..riiiiight!�I don�t think so�Almost one in 10 Floridians are on food stamps ��Online holiday sales fall 3 percent��� Madoff liquidation trustee receives $28M for costs (AP)�� Charlotte, NC, home values post record decline (AP)��� Wrong Great Depression Lessons Will Haunt Equities in 2009 ���73,000 retailers to close in first half of 2009, Stocks Rally� Bloomberg | U.S. retailers face a wave of store closings, bankruptcies and takeovers starting next month as holiday sales are shaping up to be the worst in 40 years�� There�s No Pain-Free Cure for Recession/Depression ���Schiff: Government Interference Only Makes The Problem Worse Paul Joseph Watson | Establishment talking heads still pushing useless and destructive bailout.�� A Ponzi Scheme Within A Ponzi Scheme Bob Chapman | Dwarfing the Madoff Ponzi scheme is the Social Security Ponzi scheme that has been looted (the iou�s) and is hopelessly insolvent. This on top of previous suckers' bear market rally into the close with 100+ point swing to the upside to keep the suckers suckered. Time for prosecutions of and disgorgement of ill-gotten multi-trillion dollar gains from the frauds on wall street; madoff is just the tip of the iceberg; all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts so SELL INTO STRENGTH/TAKE PROFITS/SELL!

(1-2-09)� DOW 9,035 +258 +3% -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,632 +55 +3% -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 931 +28 +3% -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $46.38 (-54% for year) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $1.80 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.41 DIESEL)/ GOLD $879.30 (+5.58% for year 2008) / SILVER $11.49/ PLATINUM $946.70 / DOLLAR= .71 EURO, 91 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.41% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Absolutely, Absurdly, Ridiculous! High! What have they been drinking, smoking, snorting on wall street this week. Not to worry; they�ll get their commissions again on the way down and maybe stick you with their over-priced dogs as well. Same modus operandi as in January, 2008 when they sucked in the suckers who this time (fool you twice, shame on you) will deserve to be burned for their commissions/compensation/bonuses� sake as in the year just passed. The Economist, a Widely Respected and Authoritative Financial/Economic Publication: U.S. In Depression, Not Recession ��Don�t forget their 2008 talk as now for 2009. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME.

(12-31-08)� DOW 8,776 +108 +1% -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,577 +26 +1% -41% for the year -2% for the fourth week of December�  No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 903 +13 +1% -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $44.60 (-54% for year) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $1.79 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.41 DIESEL)/ GOLD $884.30 (+5.58% for year) / SILVER $11.29/ PLATINUM $941.51 / DOLLAR= .70 EURO, 90 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.24% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap� �Absolutely, Absurdly, Ridiculous! High! What are they drinking, smoking, snorting on wall street. Not to worry; they�ll get their commissions again on the way down and maybe stick you with their over-priced dogs as well. Don�t forget their 2008 talk as now for 2009. The lunatic wall street frauds� desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. News typically bad: Difficulty tracking and monitoring bailout money�Daaaaah! Understated unemployment numbers still at recession/depression levels (4.65 million); retail correction-bankruptcies, closings, fewer stores. Motek�s experts: Peter Shiff says it�s not the disease but the government cure that will kill us, dire forecast for 2009 and beyond-inflation, companies going out of business, commodity prices higher, world�s largest debtor america is bankrupt, more borrowing/spending their failed prescription, bleak picture for dollar the value of which will be halved and high probability that the decline will be 70-90%, gold higher and $2000 gold in not so distant future, oil much higher and $200 oil in next couple of years, stocks will continue to decline, on the long side he favors quality EU, Asia securities and precious metals particularly monetary metals gold, silver. Oil analyst says oil too cheap, geopolitical factors, (israel war mongering, war crimes, etc.; Russia/Ukraine dispute-cut gas supplies affecting Europe), oil to $60-70 rather quickly, gasoline demand anemic but oil price the factor. It�s time for ben stein to resign himself to just a land of fruits and nuts actor/entertainer/speculator as he lambasts Shiff�s prognostication ( he previously had to apologize to Shiff having done wrongly so before- �his criticism of Peter Shiff for warning of this debacle years ago). He throws out a couple of economic terms (demand pull/cost push inflationary terms) to buttress his criticism of Shiff but he�s just out to lunch in citing the absence of demand as militating against Shiff�s inflationary argument since history (and even currently, i.e., zimbabwee) is replete with examples of low demand and or impoverished nations that have over-printed their currencies with hyperinflationary results as will occur in u.s.). Stein should be on the Strip doing stand-up (comedy). He is a joke! Suckers' bear market rally into the close to keep the suckers suckered on NEWS MUCH WORSE THAN ALREADY DISMAL EXPECTATIONS ACROSS THE BOARD: S&P/Case-Shiller Composite Index, October home prices were down 18% year-over-year, the largest drop on record. According to the U.S. Conference Board, consumer confidence dropped more than expected to an all-time low in December AT 38%. Record number of bankruptcies and particulary hard hit commercial sector in coming year, ie., malls, retail, etc.. Worse stock market declines for the year since 1931 (Great Depression) and worse to come in 2009 despite suckers� bear market rallies to keep you sucked in. Put these wall street frauds in jail and force disgorgement of their fraudulent gains. There are loads of able new grads and job seekers who can take the place of the wall street frauds who caused the crisis owing to their own avarice and continue the coverup to get taxpayer bailout funds. The markets should be efficient and predicated on rational valuation which is totally absent in america�s fraudulent, manipulated markets. Absent prosecution and disgorgement in these ongoing multi-trillion dollar fraud schemes (new ponzi scheme uncovered in addition to madoff, which are just tips of the iceberg of multi-trillion dollar frauds), america will not be worth the paper the worthless Weimar dollars and worthless securities denominated in same are printed on.� Non-Motek expert: markets to fall into 2010 or worse case, later. Motek experts: They discuss dismal news, for year DOW-35%, NASDAQ-42%, S&P-40%, $7-10 trillion in wealth destroyed, second-half inflation from printing worthless Weimar dollars/stagflation; another expert, consumer has collapsed, 2009 will be very tough year for autos; a real estate analyst says 2009 will be a very tough year and hopefully we�ll get through this�..riiiiight!�I don�t think so�Almost one in 10 Floridians are on food stamps ��Online holiday sales fall 3 percent��� Madoff liquidation trustee receives $28M for costs (AP)�� Charlotte, NC, home values post record decline (AP)��� Wrong Great Depression Lessons Will Haunt Equities in 2009 ���73,000 retailers to close in first half of 2009, Stocks Rally� Bloomberg | U.S. retailers face a wave of store closings, bankruptcies and takeovers starting next month as holiday sales are shaping up to be the worst in 40 years�� There�s No Pain-Free Cure for Recession/Depression ���Schiff: Government Interference Only Makes The Problem Worse Paul Joseph Watson | Establishment talking heads still pushing useless and destructive bailout.�� A Ponzi Scheme Within A Ponzi Scheme Bob Chapman | Dwarfing the Madoff Ponzi scheme is the Social Security Ponzi scheme that has been looted (the iou�s) and is hopelessly insolvent. This on top of previous suckers' bear market rally into the close with 100+ point swing to the upside to keep the suckers suckered. Time for prosecutions of and disgorgement of ill-gotten multi-trillion dollar gains from the frauds on wall street; madoff is just the tip of the iceberg; all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts so SELL INTO STRENGTH/TAKE PROFITS/SELL!

(3-31-08) (DOW +46, NASDAQ +17, S&P +7) [CLOSE- OIL $101.65/ GOLD $922 / SILVER $17.31 / PLATINUM $2,006 / DOLLAR= .63 EURO, 99 YEN, .503 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.41%]. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). GREAT OPPORTUNITY TO SELL INTO THIS SUCKERS� BEAR MARKET RALLY (TAKE PROFITS).
REALITY: THIS IS A BEAR MARKET IN A SECULAR BEAR MARKET IN A RECESSIVE ECONOMY IN A SECULAR (AND QUITE PERMANENT-THEY�VE MADE ALL THE WRONG CHOICES) ECONOMIC DOWNTREND IN THE U.S. ��ONE ANALYST/REPORTER/ JOURNALIST FROM INSIDE SOURCES PEGS THE SUB-PRIME DOLLAR VALUE OF THE SHILLED WORTHLESS PAPER AT $516 TRILLION (EVEN A PERCENTAGE OF SAME RENDERS THE PROBLEM UNFIXABLE-HENCE, CULPABLE PARTIES MUST BE HELD ACCOUNTABLE AND DISGORGE THEIR ILL-GOTTEN GAINS FROM, IE., COMMISSIONING WORTHLESS PAPER, TAKING A POINT HERE OR THERE AND FRAUDULENTLY PASSING SAME ON, AD INFINITUM, ETC.). Time to put the wall street among other corporate frauds in jail and require fines, penalties and disgorgement of their ill-gotten gains. ��[Please note: I seldom name analysts/reporters/journalists bearing not so glad tidings for fear they�ll be crucified by the frauds on wall street].� �

(3-28-08) (DOW -86, NASDAQ -20, S&P �10.5) [CLOSE- OIL $105.62/ GOLD $930.60 / SILVER $17.94 / PLATINUM $2,020 / DOLLAR= .63 EURO, 98 YEN, .4979 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.44%]. GREAT OPPORTUNITY TO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). 5 REASONS WHY THE FED HAS FAILED.� freddie mac economist says housing prices might continue to fall through 2010 as house prices fall 29%, orders for new homes down 75%, and housing starts fall 9% to 50 year low. kb homes registers $268 million loss and offers downbeat outlook on housing crisis while j.c. penny on retail end offers equally bad outlook and worse than expected quarterly results to come. consumer spending weakest in 17 months. fake core inflation report is also meaningless (excludes food and energy) at tepid 2%. consumer sentiment index at lowest since 1992, a 16 year low. frenzy over j.p.morgan memo on how to beef up income on mortgage applications. s&p economist says we�re in a recession and points to a very bumpy year ahead. one analyst says troubled market/economy to continue and shorts stocks, is long on metals, points to failed structured finance market, failed fed and globally recognized folly of helicopter ben (bernanke), property continue down, dollar continue downward slide, and bubble in emerging markets. one reporter examining financial newsletters says vast majority bleak, pessimistic in their outlook/forecasts. socal congressman says us hole getting bigger, deeper, and darker and regarding the fed, too little too late, kind of like his caleefornia. yet another analyst says we�re in a nationwide recession (he previously had called california�s recession but stopped short of nationwide), points to job losses, higher oil/gas prices, rising debt burdens and worse on wall street than main street, not optimistic on real estate as foreclosures and supply up with prices declining with early 2009 at best the trough, and that there are other financial institutions in similar situation to that of bear stearns. ��3-27-08 GREAT OPPORTUNITY TO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). FOURTH� QUARTER ECONOMIC GROWTH REVISED UPWARD TO ANEMIC .6% (RIIIIIGHT�..SO THEY WON�T HAVE TO USE THE R FOR REALITY WORD RECESSION). OIL UP ON SUPPLY CONCERNS AND DOLLAR DOWN SHARPLY. UNEMPLOYMENT CLAIMS AT HIGH 366,000 AND ORACLE DISAPPOINTS ON SALES AS MERRILL IS DOWNGRADED. ONE ANALYST SAYS LEHMAN (-9%) BEARS EERIE SIMILARITIES TO BEAR STEARNS, CITES SUBSTANTIAL NUMBER OF PUTS AND RUN ON BANKS WHICH WILL HELP FOREIGN BANKS (IE., SWISS, ETC.), ALSO CAUTIONS ON DRUG SECTOR/SIDE EFFECTS. OIL ANALYST EMPHASIZES $7 RUN IN TWO DAYS, BOMBING OF OIL SUPPLY LINE IN IRAQ, WEAKER DOLLAR, LIQUIDITY CRISIS, IRAQ VIOLENCE, LOWER REFINERY RUNS AND SAYS OIL/GAS PRICES HIGHER BEFORE LOWER. ONE ECONOMIST SAYS CREDIT CRISIS AND POINTS TO PURCHASING POWER FAILURE AS BORROWED FUNDS (IE., HOME EQUITY, ETC.) ARE DEPLETED AND WAGES LOWER, WHILE ANOTHER ECONOMIST WHO HAS ALREADY CALLED RECESSION SEES MORE REGULATION FOR TROUBLED� INVESTMENT BANKS AS DISTINGUISHED FROM FDIC INSURED COMMERCIAL BANKS AND SAYS CREDIT CRUNCH WILL CONTINUE. AIRLINE COMMENTATOR/ANALYST CITES OLDER PLANES FOR PUBLICIZED PROBLEMS, SURCHARGES/HIGHER FUEL COSTS FOR HIGHER PRICES. 3-26-08 GREAT OPPORTUNITY TO SELL (TAKE PROFITS) IN WHAT REMAINS OF THIS SUCKERS� BEAR MARKET RALLY AS THE WALL STREET SCAM UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). OIL UP ON SUPPLY CONCERNS AND DOLLAR DOWN SHARPLY. BANKING SECTOR DOWNGRADED CITING MORE WRITE-DOWNS AND �84% EARNINGS (CITI, ETC.). FACTORY ORDERS/DURABLES DOWN MORE THAN EXPECTED 1.75% AND NEW HOME SALES DOWN 1.8% ALONG WITH PRICE DECLINES (INCLUDING MEDIAN PRICE DECLINE). WSJ ARTICLE RAISES SPECTER OF FED BANKRUPTCY AND PUBLIC BAILOUT. ONE ANALYST CITES CITIBANK DIFFICULTIES, LBO TROUBLES (IE., CLEAR CHANNEL, ETC.), FED HOLDING JUNK PAPER, AND RECOMMENDS DEFENSIVE (IE., CONSUMER STAPLES, ETC.) POSTURE INCLUDING MULTINATIONALS WITH OVERSEAS EARNINGS (FAVORABLE CURRENCY TRANSLATION). OIL ANALYST SAYS RECORD OIL/ GAS PRICES (GAS UP ANOTHER 5-10 CENTS) AND CITES DECLINE IN REFINERY RUN, CONFLICT IN IRAQ, AND EUROPEAN CENTRAL BANK�S FIGHT AGAINST INFLATION/LOWER DOLLAR AND SAYS NATURAL GAS AN INTERESTING PLAY. ONE REPORTER CITES DROP IN GAS SUPPLIES AND FINANCIAL SECTOR WRITEDOWNS. R.E. ANALYST POINTS TO SO. CAL. 400% INCREASE IN FORECLOSURES AND SAYS NO IMPROVEMENT UNTIL AT LEAST LATE 2008/EARLY 2009. CURRENCY EXPERT SAYS FINANCIAL INSTITUTIONS WILL SURVIVE BUT WON�T BE LENDING, DOLLAR RISK TO THE DOWNSIDE, FED HOLDING BAD RESERVES, HOUSING MARKET TO CONTINUE DECLINE, AND FAVORS EURO. �3-25-08 GREAT OPPORTUNITY TO SELL (TAKE PROFITS) THIS SUCKERS� BEAR MARKET RALLY INTO THE CLOSE� WHICH IS BASED UPON B**L S**T AND NOTHING BUT BAD ECONOMIC NEWS AS WALL STREET FRAUDS ATTEMPT� TO WINDOW DRESS REALISTICALLY DISMAL FIRST QUARTER NUMBERS TO KEEP THE SUCKERS SUCKERED AND COMPUTERIZED PROGRAM TRADE COMMISSION DOLLARS FLOWING. DOLLAR DOWN SHARPLY. earnings downgrade for merrill lynch/financials and reluctance to take mark-to-market loss (prompted bear bailout) scuttles(?) clear channel deal. GOVERNMENT HIRING NEW (FDIC) BANK REGULATORS FOR INCREASING BANK FAILURES. S&P CASE SHILLER INDEX REGISTERS SHARPEST HOUSING PRICE DECLINE ON RECORD AT �11.4%, CONSUMER CONFIDENCE INDEX DOWN TO 5 YR. LOW OF 65 WHICH IS SUBSTANTIALLY BELOW EXPECTED 73, AND EXPECTATIONS INDEX AT LOWEST SINCE 1973. KEN SHREVE OF IBD POINTS TO VOLUME (COMMISSION GENERATING COMPUTERIZED PROGRAMMED TRADES SIMULATING DEMAND) AS A GOOD SIGN�RIIIIIGHT�CITES SELLING PRESSURE ON THE WAY UP AND SAYS WAIT AND SEE AS NEW LEADERSHIP DEVELOPS�RIIIIIGHT (WHICH TRANSLATED MEANS HE DOESN�T KNOW WHERE THIS IRRATIONALLY EXUBERANT MARKET IS GOING. S&P CASE SHILLER ANALYST/VP SAYS HOME PRICES IN DECLINE WHICH ACCELERATED IN THE LAST 6-9 MONTHS AND SEES �20%/TROUGH IN LATE 2008. R.E. ANALYST DOESN�T SEE BOTTOM PARTICULARLY IN SO. CALIFORNIA (IE., LA, SAN DIEGO, ETC.) (MIAMI, LAS VEGAS, PHOENIX VERY BAD). AN ECONOMIST SAYS ANOTHER YEAR OF DECLINES SINCE CONSUMER SPENDING/CONFIDENCE HAS WEAKENED SUBSTANTIALLY. CALIFORNIA BUREAUCRAT (THAT�S ALL THERE IS) SAYS TOUGH TIMES AHEAD, POINTS TO UPSIDE DOWN CONDITIONS (MORTGAGE LOANS GREATER THAN PROPERTY VALUES) AND SAYS HOUSE OF CARDS. ANOTHER ECONOMIST SAYS MORE EROSION ON THE PRICE SIDE,-20%, AND A WAYS TO GO. R.E. PROF. SAYS SLIDE TO CONTINUE UNTIL EXCESS SUPPLY IS CLEARED. �3-24-08 GREAT OPPORTUNITY TO SELL INTO THIS SUCKERS� BEAR MARKET/SHORT-COVERING RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L S**T AND NO REAL ECONOMIC NEWS AS WALL STREET FRAUDS IN LAST DITCH EFFORT TO WINDOW DRESS REALISTICALLY DISMAL FIRST QUARTER NUMBERS TO KEEP THE SUCKERS SUCKERED AND COMPUTERIZED PROGRAM TRADE COMMISSION DOLLARS FLOWING. THE ELECTION-YEAR-INDUCED RALLY FAKE NEWS PUSHED BY THE WALL STREET FRAUDS IS A MEAGER TWO-FOLD; VIZ., EXISTING HOME SALES INCREASED (JAN.-FEB.) 2.9% EXCEEDING SUBSTANTIALLY ECONOMISTS� PREDICTIONS AND J.P. MORGAN WILLING TO PAY $10 INSTEAD OF $2 PER SHARE FOR FAILED INVESTMENT BANK BEAR STEARNS. REALITY: INCREASED SALES DUE TO INCREASED FORECLOSURE SALES; PRICES DOWN 8.2%; MEDIAN HOME PRICE FELL MOST EVER ON RECORD; INCREASED BEAR MONEY TO PLACATE SHAREHOLDERS DESPERATE MOVE TO KEEP WORTHLESS SECURITIES FROM BEING DUMPED IN MARKET WHERE SAME CAN�T BE SOLD AND WHERE SUCH WOULD RESULT IN OTHER SUCH BEING MARKED TO MARKET (PENNIES ON A DOLLAR). ONE ANALYST SAYS NOTHING FUNDAMENTALLY HAS CHANGED, DAY TO DAY TRADING ON DAY�S NEWS AND TODAY A HAPPY (NON) NEWS DAY�RIIIIIGHT�AND RECOMMENDS FOR PROTECTION NON-U.S. ASSETS/SECURITIES, METALS, AND BIG CAP TECH/MULTINATIONALS WITH OVERSEAS EARNINGS (POSITIVE CURRENCY TRANSLATION). AN ECONOMIST SAYS THE FED�S CONFUSING DEAL PROTECTS ITS OWN MONEY BY ESSENTIALLY PROVIDING A �BRIDGE LOAN� TO PREVENT THE WORTHLESS SECURITIES FROM BEING DUMPED WHERE THERE IS NO MARKET FOR SAME CAUSING FURTHER WRITEDOWNS across THE BOARD ON MARK TO MARKET. ANOTHER ANALYST EMPHASIZES DISFUNCTIONAL BANKING/CONTINUED WRITEDOWNS/LOSSES/BALANCE SHEET PROBLEMS FOR FINANCIAL INSTITUTIONS/WE�VE NOT SEEN THE BOTTOM, IN RECOMMENDING TAKING SOME PROFITS WITH ELECTION YEAR STIMULUS CREATING INFLATIONARY PROBLEMS, THOUGH STILL IN BEAR MARKET THE REAL DECLINE AND REAL RECESSION (WE�RE ALREADY IN RECESSION) TO COME POST ELECTION/2009 AND THE INTERMEDIATE TERM IS VERY SCARY. ONE R.E. ANALYST SAYS ONE THIRD OF EXISTING HOME SALES WERE FORECLOSURES WITH OVERSUPPLY OF PROPERTIES WHICH WILL TAKE A LONG TIME TO WORK OUT WHILE ANOTHER r.e. ANALYST SAYS YEARS TO WORK OUT WITH ONLY LIMITED IMPROVEMENT LATE 2009.� 3-20-08 FULL MOON WITH OBVIOUS EFFECT ON LUNATIC WALL STREET FRAUDS. SMART MONEY WOULD SELL INTO THIS SUCKERS� BEAR MARKET/SHORT-COVERING RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L S**T� AND EXCEEDINGLY BAD ECONOMIC NEWS VIZ., UNEMPLOYMENT CLAIMS UP MUCH MORE THAN EXPECTED 22,000 TO HIGH 378,000, CREDIT SWISSE TO REVISE PREVIOUS YEARS PROFITS DOWN ON FURTHER WRITEDOWNS, PHILADELPHIA FED MANUFACTURING INDEX DOWN,� AND LEADING ECONOMIC INDICATORS DOWN FOR FIFTH MONTH IN A ROW WHICH HAS ALWAYS SIGNALED/INDICATED/PRECEDED ECONOMIC DOWNTURN/CONTRACTION/RECESSION. ONE SOMEWHAT SENILE ANALYST WELCOMED THE MASSIVE AMOUNT OF FAKE/FIAT/PRINTED MONEY SAYING THE FINANCIALS WHICH HAVE LAGGED THE MARKET BY 20% WILL BE HELPED/INFLATED OUT OF THEIR DOLDRUMS (HYPERINFLATIONARY) BY SAME WHICH HE LIKES BECAUSE HE�S HEAVILY CONCENTRATED IN FINANCIALS (GREAT CALL) AND THAT THE MONEY HASN�T SHOWN UP YET BUT FAILS TO REALIZE THE U.S. HAS NEVER BEEN IN SUCH DIRE CIRCUMSTANCES ECONOMICALLY, FINANCIALLY, AND GEOPOLITICALLY AS NOW. A MORE RATIONAL VIEW BY ECONOMIST DR. IRVING KELLNER SAID STIMULUS THUS FAR TREATS SYMPTOMS WITH MERE BANDAIDS WHICH FAIL TO ADDRESS/CURE THE PROBLEM/CAUSE/DISEASE AND IS RATHER SIMPLISTIC TO A FAULT IN FOCUSING SOLELY ON HOUSING/REAL ESTATE VALUES ALTHOUGH CORRECTLY STATES THAT EASIER MONEY WILL NOT ENHANCE THE VALUE OF MORTGAGE-BACKED SECURITIES WHICH REMAIN INDETERMINANT, DOWN, OR GOING DOWN AND ADVOCATES DEPRESSION ERA APPROACH SINCE HE CORRECTLY STATES� ECONOMY HAS ALREADY (DECEMBER, 2007 OR JANUARY, 2008) ENTERED THE WORST RECESSION OF THE POST-WAR ERA (DESPITE ELECTION YEAR SPIN). ANOTHER ANALYST SAYS THIS IS A SHORT-COVERING RALLY AND AN OPPORTUNITY TO SELL/TAKE PROFITS (i TOTALLY AGREE), THAT THE FED DESPERATION MOVES INCLUDING PRINTING DOLLARS LIKE MAD� HAVE LED TO A DEBASEMENT OF THE U.S. CURRENCY AND THAT THE DOLLAR WILL CONTINUE TO GO LOWER, THAT TRILLIONS HAVE BEEN BORROWED BUT THAT THEY WILL BE UNSUCCESSFUL IN REINFLATING THE BUBBLE, THAT THE FINANCIAL CRISIS IS NO WHERE NEAR BEING OVER WITH MUCH MORE CARNAGE TO COME, AND RECOMMENDS BEING TOTALLY OUT OF THE DOLLAR INCLUDING DOLLAR DENOMINATED SECURITIES AND INTO OTHER FOREIGN CURRENCIES/SECURITIES.� 3-19-08 MODEST DROP IN STOCKS RELATIVE TO REALITY.� I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). morgan stanley earnings down 40% but better than expected�..riiiiight�..on computerized bond/stock trading commissions. merrill lynch says more loan losses. one analyst says not much optimism regarding fed moves, deepening fears about economy, wall street stuck with a lot of stuff (ie., junk bonds, junk securities, junk derivatives, subprime mortgages, etc.) which can�t be sold except at firesale prices, avoid equities particularly small/midcaps, raise cash (taking profits/selling), looking for confirmation, entered recession in february but with inflation a very tough scenario. an oil analyst says commodity bubble bursting with profit-taking/path of least resistance but still record diesel at $4.21, record home heating oil $3.80 so wait and see. another analyst says emerging markets attractive relative to developed citing p/e multiple comparison but no save haven and points to further weakness in dollar relative to other currencies. metals analyst says rate cut less than expected and etfs (and computerized trading thereof) has propped demand.� 3-18-08 Suckers� bear market irrationally exuberant bubble rally on fed fear and trembling panic move TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). WHOLESALE/PRODUCER PRICES UP MORE THAN EXPECTED .3% WITH CORE RATE UP .5%. HOUSING STARTS DOWN 36% TO LOWEST LEVEL IN 17 YEARS. SHARPLY (MORE THAN 50%) LOWER EARNINGS AT GOLDMAN AND LEHMAN RALLIES THEIR STOCKS WITH FAMILIAR MANTRA �NOT AS BAD AS EXPECTED��..RIIIIIGHT! DOLLAR DOWN AGAINST MOST CURRENCIES ON .75% PANIC CUT IN FED FUNDS RATE TO 2.25%. ONE ANALYST POINTS TO STRENGTH BY SECTOR, VIZ., FINANCIALS +8% (FOCUS OF THE BAILOUT), SMALL CAPS +5%, EMERGING MARKETS +5%, AND SAYS DOLLAR WILL BE BOTTOMING. AN OIL ANALYST SAYS OIL TO GO HIGHER WITH INFLUX OF SPECULATIVE NEW MONEY FROM RATE CUT. FORMER FED GOVERNOR GRAMLEY SAY WE�RE IN SERIOUS ECONOMIC CRISIS, IN RECESSION WITH ECONOMIC WEAKNESS SUFFICIENT TO MUTE DEMAND/SHARPER PRICE INCREASES, AND COMPARES ECONOMY TO CANCER PATIENT UNDERGOING NECESSARY CHEMOTHERAPY�..RIIIIIGHT�.., FED HAS USED EMERGENCY POWERS NOT USED SINCE THE GREAT DEPRESSION BUT CAN�T RELY SOLELY ON THE FED. ANOTHER ANALYST TALKS IN TERMS OF TRADING ON A DAY-TO-DAY BASIS (FACT-THERE ARE HISTORICALLY VERY FEW SUCCESSFUL TRADERS), BELIEVES FED WENT TOO FAR WITH RATE CUT AND SEES SIGNIFICANT PROBLEM WITH INFLATION, THUMBS UP FOR METALS/OIL AND LARGE CAP TECH WITH OVERSEAS EARNINGS, BUT FURTHER CAUTIONS OWING TO NEGATIVE REAL INTEREST RATES (RATES LESS THAN INFLATION, RISK, ECONOMIC FACTORS/PREMIUMS). FINALLY, THINGS ARE SO HUNKY DORY THAT AS REPORTED BY CONTINENTAL COIN AND JEWELRY PEOPLE ARE PULLING THEIR TEETH, EXTRACTING AND SELLING THE GOLD. LOVELY!� 3-17-08 LUNATIC/FRAUDS 200+ point computerized BUY PROGRAM suckers� bear market/short-covering rally to the upside based upon nothing whatsoever that hasn�t already been discounted (ie., more rate cuts by fed in panic mode, etc.). I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). INDUSTRIAL PRODUCTION FELL A GREATER THAN EXPECTED ONE-HALF OF 1%. ONE ANALYST CITES NEW LOWS FOR DOLLAR AND SUBSTANTIAL MOVE BY FED ALREADY DISCOUNTED (.75%). ANOTHER ANALYST CITES WEAKER DOLLAR AND SLOWER ECONOMY IMPACTING DEMAND (IE., FOR GOODS, ETC., AND HENCE, COMMODITY PRICES, HENCE LOWER OIL PRICE THIS DAY), CITES THIS DAYS SHORT-COVERING RALLY AND RECOMEMMENDS MULTINATIONALS WITH OVERSEAS EARNINGS (POSITIVE CURRENCY TRANSLATION) AND OVERSEAS NON-DOLLAR DENOMINATED SECURITIES (UTILITIES, ETC.). YET aNOTHER ECONOMIST/ANALYST CITES BUSINESS MODELS COMPARABLE TO BEAR STEARNS IN FINANCIAL SECTOR(PROBLEMS WITH HEDGE FUNDS/INVESTMENT BANKS) WHICH HAS PROVEN INABILITY TO MANAGE THEIR OWN AFFAIRS SAYING DEREGULATION A DISASTER AND REREGULATION A CURE, NO END TO FALL IN DOLLAR AS US BECOMES WORLD�S BEGGAR, AND RECOMMENDS NON-DOLLAR DENOMINATED SECURITIES (IE., EURO, SWISS FRANC, ETC., AND EMERGING FAR EAST MARKETS). aNOTHER MORE CALIFORNIA/SENILE, ANALYST/BROKER WHO LIKE OTHERS HAVE LOST SUBSTANTIAL MONIES FOR CLIENTS CITES LACK OF OF TRANSPARENCY AS VALUE OF HIS BUYS AND HOLDS CONTINUES TO FALL WITH DOLLAR BUT TALKS SOME SPECULATIVE BUYS AND CASH. A FINANCIAL TIMES EDITOR SAYS NO BOTTOM YET, THAT BY HISTORICAL STANDARDS THE SCENARIO IS QUITE BAD FOR THE US, THAT BEAR STEARNS WAS NOT ALONE AMONG US FIRMS IN THEIR PROBLEMS, THAT THE MARKET IS EXPECTING 1% PANIC CUT BY FED, AND THAT THE US ECONOMY IS IN DEEP TROUBLE. 3-14-08 early surge based on false benign inflation report (showing no change in retail inflation) from the government gives way to reality that they can�t cover up/lie about (despite intra-day suckers rally) when there is a run on large wall street investment bank bear stearns (first such since the great depression) which cites liquidity crisis as ny fed and jp morgan intervene with 28 day loan as bear is holding high risk (worthless) assets which are illiquid (thinly traded/can�t be sold) as reserves (they are not alone in this regard among the frauds on wallstreet, etc., and only 2 days ago bear said balance sheet stable), all time lows for the dollar, wsj reports majority of economists think we�re in recession, michigan (non-washington non-fed gov�t report) sentiment index at new 16 year low. One ANALYST SAYS DOLLAR WEAKNESS/LOWER YIELDS/ECONOMIC CONCERNS WILL CONTINUE DOWNWARD TREND, INFLATION REPORT SURPRISE/FOOLISH AND HIGHER INFLATION NUMBER FOR MARCH, CRESCENDO OF BAD NEWS IN COMING WEEK AND LOOK FOR NEW LOWS/BOTTOM(?). OIL ANALYST CITES WEAK DOLLAR/EASY MONEY FLOWS AND SAYS LOOK FOR OIL AT $120-$125. ANOTHER ANALYST SAYS ITS TOO LATE FOR FED TO TURN THIS WRITEDOWN/SUBPRIME/ECONOMIC DOWNTURN AROUND WITH BEAR ANOTHER $35-$70 BILLION BAD AND WHAT AFTER 28 DAY LOAN-EXPECT TAKEOVER/NO MORE BEAR STEARNS. �3-13-08 SMART MONEY WOULD SELL INTO THIS SUCKERS� BEAR MARKET RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L S**T ALONE (NOTHING WHATSOEVER) AS STANDARD AND POORS ANALYST SAYS THE END OF WRITEDOWNS MIGHT (BUT NOT QUITE) BE IN SIGHT� (WHICH IS LIKE THAT BROKER WHO SELLS STOCKS FOR A LIVING SAYING HE�S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE AT SOME POINT THEY�LL GO UP)�RIIIIIGHT�.. WHICH IS MEANINGLESS COMING FROM STANDARD AND POORS WHICH SHOULD BE ACCOUNTABLE/LIABLE (FOR THIS FRAUD) ALONG WITH THE FRAUDS ON WALL STREET, ETC., FOR THE TRIPLE A RATED SECURITIES ON THE BOOKS WHICH EVERYONE KNOWS ARE IN FACT NOT TRIPLE A (WORTHLESS JUNK BONDS, ASSETS, ETC.) SPURRING 200+ POINT SWING TO THE UPSIDE. VAST MAJORITY OF ECONOMISTS NOW SAY WE�RE IN RECESSION (EVEN DESPITE ELECTION YEAR GIMMICKS-AS GOOD AS GETS). RETAIL SALES DOWN MORE THAN EXPECTED .6%, FORECLOSURES UP 60% YEAR OVER YEAR, DOLLAR DOWN SHARPLY. ONE ANALYST SAYS CONTINUED UNEMPLOYMENT/EMPLOYMENT WEAKNESS, PREMATURE TO SAY AS DID S&P THAT WE�RE NEAR END OF WRITEDOWNS, MAJORITY OF ECONOMISTS NOW SAY WE�RE IN RECESSION, HOUSING DOWNTURN MUCH FURTHER TO GO, VERY DEFENSIVE AS STOCKS CONTINUE TO HIT NEW LOWS IN LARGE NUMBERS, WORST OF HOUSING CRISIS AHEAD, AND THIS IS A BEAR MARKET IN A RECESSION ECONOMY. ANOTHER ECONOMIST/ANALYST SAYS U.S. CURRENT ACCOUNT DEFICITS, LACK OF TRUST IN U.S. FINANCIAL INSTITUTIONS AND TRIPLE A RATINGS (BONDS, ETC., WHICH EVERYONE KNOWS ARE NOT), BANKS� NEED FOR RECAPITALIZATION, LOW SAVINGS (IE., CONSUMERS USING IE., GIFT CARDS FOR GROCERIES, ETC.), FED LOSING CREDIBILITY BY FLIP-FLOPS/WRONG MOVES, AND SEES ONLY SHORT-COVERING RALLIES AT BEST. VENEZUELA SHIFT TO PAYMENT IN EUROS FOR OIL OUT OF DOLLARS. YET ANOTHER ECONOMIST SAYS WITH MONEY SUPPLY INCREASING AT EXORBITANT 27% PER ANNUM, CITING ECONOMIST FRIEDMAN SAYS HYPER-INFLATIONARY (CONTRARY TO LAND OF FRUITS AND NUTS ECONOMISTS WHO THIS DAY SEE LAND OF FRUITS AND NUTS REAL ESTATE DOWN 17.6%, SALES DOWN 40-45%, AND MEDIAN HOME PRICES DOWN $100,000, AND BUDGET DEFICITS ACROSS THE BOARD). 3-12-08 VERY MODEST DROP IN STOCKS RELATIVE TO REALITY, DOLLAR DOWN SHARPLY ON PANICKY FED KNEE JERK FUNNY MONEY ACTION, ONE ANALYST/BROKER WHO SELLS STOCKS FOR A LIVING SAYS HE�S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE AT SOME POINT THEY�LL GO UP�..RIIIIIGHT�..REFERENCES THAT THIS IS WORST R.E. DOWNTURN IN 100 YEARS AND NO BOTTOM YET IN R.E. AND WSJ SAYS WORSE TO COME IN BAD PAPER (WRITEDOWNS, ETC.), AN OIL ANALYST SAYS RECORD HIGH OIL PRICES ARE HEDGE AGAINST FALLING DOLLAR WITH A LOT OF DOLLARS RELATIVE TO GOODS (AS IE., OIL, OTHER COMMODITIES, ETC.-HYPERINFLATION) AND IF YOU HOLD DOLLARS/DOLLAR DENOMINATED ASSETS/SECURITIES YOU LOSE VALUE AND SEES $4.00 GAS NATIONWIDE WITH RECORD DIESEL, WHILE ANOTHER ANALYST SAYS THAT SEEING FED GO FROM LENDER OF LAST RESORT TO LENDER (PRINTER) OF FIRST RESORT IS WORRISOME/TROUBLESOME. �3-11-08 Suckers� bear market irrationally exuberant new EPHEMERAL bubble� rally on fed fear and trembling panic move TO ADD $200 BILLION IN WORLDWIDE LIQUIDITY BY TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF FUNNY-MONEY (WORTHLESS SUBPRIME COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM WORTHLESS FUNNY-MONEY (U.S. DEBT WHICH CAN�T BE PAID BACK) WHICH IS A GREAT B.S. TALKING POINT BUT JUST A DROP IN THE BUCKET CONSIDERING THE MAGNITUDE OF THE UNDISCLOSED WRITEDOWNS/WORTHLESS PAPER BEING HELD(AND, CURING A BUBBLE WITH A NEW BUBBLE-I DON'T THINK SO), ONE ANALYST POINTS TO THE HYPERINFLATIONARY EFFECTS OF TOO MUCH LIQUIDITY CHASING TOO FEW GOODS AND MORE BAD NEWS TO COME IN TECH SECTOR AND EARNINGS ALONG WITH MORE WRITEOFFS/WRITEDOWNS WITH WORSE TO COME/NO BOTTOM YET AND HE REMAINS A BEAR, LAND OF FRUITS AND NUTS ECONOMIST SAYS BAD BUT NOT TECHNICALLY RECESSION BASED ON GOVERNMENT ELECTION-YEAR DATA (ONLY NUTS AND NUTS FROM THE LAND OF FRUITS AND NUTS BELIEVE SAME) WHILE TWO OTHER ECONOMISTS SAY RECESSION WITH STRUCTURAL PROBLEMS/HIGH INFLATION/LOWER DOLLAR AS FOREIGNERS/INVESTORS GET OUT OF WORTHLESS DOLLAR WITH BIG TROUBLE FOR U.S. POST-ELECTION AS REALITY SETS IN, TRADE GAP WIDENED, AND SMART MONEY WOULD SELL THIS RALLY/TAKE PROFITS. 3-10-08 MODEST DROP IN STOCKS RELATIVE TO REALITY, NEW BANK DOWNGRADES, MORGAN SLASHES EARNINGS ESTIMATES FOR S&P AND SAYS ALREADY IN RECESSION, EVEN MORE ECONOMISTS NOW SAY THE OBVIOUS/RECESSION, RUMOR THAT BEAR STERNS WITH SUBSTANTIAL LIQUIDITY ISSUES IS GOING UNDER, DOLLAR DOWN, EARNINGS ESTIMATES CUT ON CITIBANK AND BANKOFAMERICA, ONE ECONOMIST/ANALYST SAYS (HYPERINFLATIONARY) HIGH ENERGY AND FOOD PRICES (CONVENIENTLY LEFT OUT OF THE FED�S �TOUTED� CORE RATE) ARE SQUEEZING THE CONSUMER (AND HENCE, CONSUMPTION/65% OF GDP) AND THAT COMMODITIES A BUBBLE AND MULTINATIONALS WITH OVERSEAS EARNINGS/POSITVE CURRENCY TRANSLATION TO WEAKER DOLLAR PREFERRED, AN OIL ANALYST SAYS $200 OIL POSSIBLE (REITERATING GOLDMAN) WITH CONTINUED WEAKENING OF DOLLAR, ANOTHER ANALYST/JOURNALIST SAYS SELL DOLLAR DENOMINATED STOCKS/SECURITIES/ASSETS WHICH HAVE MUCH FURTHER TO FALL AND REITERATES AS DID BARRON�S THAT MORTGAGE INSURERS HAVE OVER $5 TRILLION IN DEBT/EXPOSURE AND THAT MANY OF THE NATIONS BANKS ARE ALREADY INSOLVENT SO GET OUT OF THE DOLLAR AND U.S. STOCKS. �3-7-08 BAD EMPLOYMENT/JOBS DATA across ALL SECTORS AS 63,000 JOBS LOST WITH DOWNWARD REVISIONS TO DECEMBER AND JANUARY (ACTUALLY LOST 20,000) JOBS NUMBERS, ONE ANALYST SAYS WE�RE IN A RECESSION WHILE MORE ECONOMISTS SAY RECESSION WITH ONE STATING THAT YOU ALMOST NEVER SEE BACK-TO-BACK MONTHLY DECLINE IN EMPLOYMENT WITHOUT RECESSION AS NOW, DOLLAR AT NEW RECORD LOWS, CONSUMERS INCREASED BORROWING TO STAY AFLOAT, WASHINGTON MUTUAL FURTHER DOWNGRADES, SUPPORT LEVELS BROKEN TO THE DOWNSIDE, sentiment- 85% believe things will get worse.� 3-6-08 MODEST DROP IN STOCKS RELATIVE TO REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. 23% INCREASE IN FORECLOSURES IN FOURTH QUARTER NEW RECORD HIGH, DOLLAR AT NEW RECORD LOWS, 10% OF HOMES WITH 0 OR NEGATIVE EQUITY, MORTGAGE BANKERS ASSOCIATION SAYS HOME FORECLOSURES AT ALL-TIME HIGH AND GOING HIGHER, ONE R.E. ANALYST SAYS ROUGH YEAR AHEAD WITH FORECLOSURES AND DEFAULTS UP, ONE ANALYST SAYS MARKET WILL TEST NEW LOWS/SUPPORT LEVELS WITH FLIGHT TO �QUALITY�/TREASURIES, LENDER THORNBURG DEFAULTS AND ALONG WITH WASHINGTON MUTUAL IS DOWNGRADED, CONTINUING CLAIMS FOR UNEMPLOYMENT AT HIGH LEVELS MEANS COMPANIES SHRINKING, IGNORE KNEE-JERK ELECTION YEAR GOVERNMENT HUNKY DORY FAKE REPORTS. 3-5-08 OIL INVENTORIES LESS THAN EXPECTED, FED BEIGE BOOK CITES ECONOMIC WEAKNESS PARTICULARLY SINCE BEGINNING OF THE YEAR, LABOR COSTS ROSE, RISING PRICE PRESSURES/STAGFLATION, RECESSION/BEAR MARKET, ONE ANALYST SAYS TOUGH FIRST HALF RECOMMENDS MULTINATIONALS WITH 50% OVERSEAS EARNINGS (FAVORABLE CURRENCY TRANSLATION) AND CONSUMER STAPLES/HEALTH RELATED/DEFENSIVE STOCKS, AMBAC TO FLOAT STOCK TO SHORE UP BALANCE SHEET TO TUNE OF $1.5 BILLION/DILUTION AND� SHARES FALL $2 TO $8.70, OIL ANALYST CITES DECLINE IN OIL INVENTORIES/DIESEL/JET FUEL AND WEAK DOLLAR AND TOP $108-$110 BUT $120-$130 IF VENEZUELA/COLUMBIA CONFLICT AND MORE RECORD HIGH GAS PRICES TO COME, ANOTHER ECONOMIST/ANALYST SAYS CONTINUED DECLINE IN REAL ESTATE/HOUSING WITH STARTS DOWN 15-20-40% ON WELL DESERVED PESSIMISM/CREDIT CRUNCH.� 3-4-08 Suckers� bear market rally into the close based on b**l s**t alone, viz., rumor/speculation about yet another bailout for wall street/ambac/bond insurers and over 200 point swing to the upside based on nothing whatsoever, one economist/analyst notes this is the deepest housing decline since great depression, bernanke says another spike in foreclosures ahead and proposes reduction of principal amounts in existing loans (sounds like a plan�..riiiiight!), ken shreve finance editor investors business daily says bear market 6-9 months/ don�t try to catch a falling knife as institutions still selling/keep money safe in 3% money market for time being, one oil analyst says oil higher before lower as expected rate cut will further weaken dollar and drive up oil/commodities prices and problems in consumer debt in addition to mortgages and nobody wants to hold dollars, 3-3-08 Suckers� bear market rally into the close, yes we are in a recession from someone who unlike the frauds on wall street has read security analysis by graham, dodd, and cottle and understands it (warren buffet), all news negative, ie., ism manufacturing index down to 48.3 (contraction), car sales down at gm (-12%) and ford (-7%), construction spending down most in 14 years, oil analysts point to the new highs while economist/analyst says dollar has fallen through all support levels meaning more bottoms to come, INFLATION OUTPACING CONSUMER SPENDING (EVEN WITH SPENDING NUMBER HIGHER THAN EXPECTED WHICH PROBABLY MEANS REALITY WAS NEGATIVE), CONSUMER CONFIDENCE/SENTIMENT DOWN SHARPLY, CHICAGO MANUFACTURING INDEX DOWN INDICATING CONTRACTION, $5.29 BILLION LOSS FOR AIG ON WRITEOFFS, INTRA DAY HIGH FOR OIL OVER $103, INFLATION/WEAK DOLLAR/ECONOMIC WEAKNESS=STAGFLATION, FOURTH MONTHLY DECLINE IN A ROW FOR STOCK MARKET, ONE ECONOMIST/ANALYST IF NOT THEN ALMOST IN RECESSION WITH WORSE INFLATION NEWS AND INFLATION ADJUSTED INCOME/SPENDING FLAT, ANOTHER ECONOMIST/ANALYST SAYS RECESSION AND CITES NEGATIVE SAVINGS RATE AND FURTHER ECONOMIC WEAKNESS, ANALYST SAYS CONTINUED ECONOMIC WEAKNESS WITH FURTHER DOLLAR DECLINE SO BULLISH ON METALS AND BEARISH ON STOCKS, AND YET ANOTHER ECONOMIST/ANALYST SAYS INFLATION/RECESSION BUT NOT DEPRESSION�..RIIIIIGHT, GDP GROWTH REPORTED MUCH LESS THAN EXPECTED (BUT CLOSER TO REALITY) AT MINISCULE� .6%, UNEMPLOYMENT CLAIMS JUMP 19,000 TO 373,000 AT HIGHEST LEVEL SINCE POST KATRINA, BERNANKE SAYS CONSUMER WORSE OFF THAN JUST AFTER 911(?) AND THAT SOME BANKS COULD (WILL) FAIL AND THAT STAGFLATION WILL NOT BE AS BAD AS THE 70�S, FANNIE MAE AND FREDDIE MAC SHOW MASSIVE LOSSES, ONE ANALYST 50 YEARS IN THE BUSINESS SEES RECESSION AND SAYS FINANCIALS HAVE BECOME IMPENETRABLE IN TERMS OF ANALYSIS/LOSSES, ANOTHER ECONOMIST/ANALYST SAYS WE�RE NOWHERE NEAR IMPROVEMENT IN R.E./HOUSING MARKET, YET ANOTHER ECONOMIST/ANALYST SAYS RECESSION WITH HIGHER INFLATION LOWER GROWTH (STAGFLATION) AND THAT FED FORECASTS HAVE BEEN WRONG AND ONLY RECESSION TO BRING DOWN INFLATION,� new record LOW FOR DOLLAR AGAINST EURO AND SWISS FRANC (AND EVEN WORTH LESS THAN THE LOWLY CANADIAN LOONEY, ETC.) WHICH ALONG WITH DEFICIT SPENDING IS HYPERINFLATIONARY AS OIL SEES NEW INTRADAY HIGH OF $102.64, SALES/ORDERS OF DURABLE GOODS DOWN MORE THAN EXPECTED 5.3%, BERNANKE�S NEGATIVE COMMENTS ON GREENSPAN RECESSION PROMISES RATE CUTS FOR NEW BUBBLE WHICH RALLIES STOCKS, ONE ANALYST SAYS BANKS AS THEIR OWN INSURERS INCREASES RISK, ANOTHER ANALYST SAYS CONTINUED DEFICIT SPENDING INCREASES INFLATIONARY PROBLEMS/RISK, FORECLOSURES/BANK REPO�S UP 90% YEAR OVER YEAR, REGULATORS PREDICT OVER 100 BANK FAILURES, FORECLOSURES UP 57% IN JANUARY, WHOLESALE INFLATION UP MUCH HIGHER THAN EXPECTED 7.5% (CORE RATE 4+%), 9% DROP IN HOME VALUES/PRICES, CONSUMER CONFIDENCE DOWN TO 17 YEAR LOW, ELECTION YEAR/PROTECT INCOMPETENT INCUMBENT GOV�T PRINTING WORTHLESS DOLLARS LIKE MAD WITH EXCESS LIQUIDITY CHASING TOO FEW GOODS (IE., FOOD UP 6%, ETC.) WHICH IS HYPER-INFLATIONARY, ECONOMIST/ANALYST DR. KELLNER SAYS EASIER MONEY/FISCAL PACKAGE WON�T REFLATE HOUSING MARKET (RECESSION), ANOTHER ANALYST SAYS IN BEAR MARKET/RECESSION RECOMMENDS DEFENSIVE/PREFERRED STOCKS/BONDS/CASH, DR. SHILLER- CASE-SHILLER INDEX- HOME VALUES CONTINUED DECLINE AND IN OR ABOUT TO ENTER RECESSION (that�s already here), Stiglitz Blames Greenspan For Recession, IBM ON $15 BILLION BUYBACK AND JAWBONING AND SIGNIFICANT OVERSEAS SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) RALLIES MARKET (WHAT BULL S**T), �SHARPLY LOWER AND MORE WORTHLESS DOLLAR/HIGH OIL PRICE RALLY CREATES YET ANOTHER B.S. SWING OF OVER 200 POINTS TO THE UPSIDE, FOOD PRICES UP 6% ON ETHANOL CROWD-OUT,� HOME SALES DOWN 5.5% / MEDIAN SALES PRICE DOWN 4.6%, ONE R.E. EXPERT SAYS WITH SALES FALLING AND FORECLOSURES RISING WORSE YET TO COME, LEADING ECONOMIC INDICATORS FELL FOR FOURTH MONTH IN A ROW (-.1%), PHILADELPHIA FED MANUFACTURING INDEX UNEXPECTEDLY AND SIGNIFICANTLY LOWER (The Philadelphia Manufacturing Index fell to a -24, indicating a sharp contraction in the region's manufacturing activity. Economists had anticipated a reading of -10, a less pronounced contraction. Last month the reading came in at -20.9.), ONE ECONOMIST/ANALYST SAYS SIGNIFICANT INFLATION AND UNEMPLOYMENT-STAGFLATION-AHEAD ALONG WITH CONTINUED DEFLATION OF HOUSING BUBBLE WITH NATIONWIDE AVERAGE PRICE DECLINE OF 8-10% AND ANOTHER DECLINE OF 15-20% TO COME. MODEST DROP RELATIVE TO REALITY TO �KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. �(3-28-08) (DOW -86, NASDAQ -20, S&P �10.5) [CLOSE- OIL $105.62/ GOLD $930.60 / SILVER $17.94 / PLATINUM $2,020 / DOLLAR= .63 EURO, 98 YEN, .4979 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.44%].�� I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). GREAT OPPORTUNITY TO SELL INTO THIS SUCKERS� BEAR MARKET RALLY (TAKE PROFITS). REALITY: THIS IS A BEAR MARKET IN A SECULAR BEAR MARKET IN A RECESSIVE ECONOMY IN A SECULAR (AND QUITE PERMANENT-THEY�VE MADE ALL THE WRONG CHOICES) ECONOMIC DOWNTREND IN THE U.S. ��ONE ANALYST/REPORTER/ JOURNALIST FROM INSIDE SOURCES PEGS THE SUB-PRIME DOLLAR VALUE OF THE SHILLED WORTHLESS PAPER AT $516 TRILLION (EVEN A PERCENTAGE OF SAME RENDERS THE PROBLEM UNFIXABLE-HENCE, CULPABLE PARTIES MUST BE HELD ACCOUNTABLE AND DISGORGE THEIR ILL-GOTTEN GAINS FROM, IE., COMMISSIONING WORTHLESS PAPER, TAKING A POINT HERE OR THERE AND FRAUDULENTLY PASSING SAME ON, AD INFINITUM, ETC.). Time to put the wall street among other corporate frauds in jail and require fines, penalties and disgorgement of their ill-gotten gains. ��[Please note: I seldom name analysts/reporters/journalists bearing not so glad tidings for fear they�ll be crucified by the frauds on wall street].� �

Some Economic Background to the Current Crisis

CITIGROUP and MERRILL face bigger writeoffs/dividend cuts, etc.....

CHEER: Ambrose Evans-Pritchard: Bank Crisis may make '29 look 'walk in park'... As central banks continue to splash their cash over the system, so far to little effect, Ambrose Evans-Pritchard argues things are rapidly spiralling out of their control Twenty billion dollars here, $20bn there, and a lush half-trillion from the European Central Bank at give-away rates for Christmas. Buckets of liquidity are being splashed over the North Atlantic banking system, so far with meagre or fleeting effects. "Liquidity doesn't do anything in this situation," says Anna Schwartz, the doyenne of US monetarism and life-time student (with Milton Friedman) of the Great Depression."It cannot deal with �.. that lots of firms are going bankrupt. The banks and the hedge funds have not fully acknowledged who is in trouble. That is the critical issue," she adds�..

The time-lines below highlight the four recessions in the US economy since 1980�..While the NBER was only a little late in its recognition of the recession that began in Summer 1981, they were late to the game in the remaining three. In fact, during the last two recessions, the NBER did not officially declare the start to a recession until the recession had already ended. The u.s. is already in recession, beyond the fake data/reports, with much higher than reported inflation, etc..

Economic Expert Says Global Crash Imminent
Echoes former world bank leader with prediction of global recession Steve Watson
A leading economic expert has warned that a global crash and recession is imminent on the back of record highs in real estate, stocks and energy, combined with a devaluation of the dollar and continued speculative bubble thinking. Robert Shiller, the Stanley B. Resor Professor of Economics at Yale University told an audience at the annual Dubai International Financial Centre (DIFC) Week that a sharp downward correction is due in the global markets. Shiller stated: Perhaps we have gotten a little too confident in the global economic growth, said Shiller. The problem is high oil, stock and real estate prices. I believe that a substantial part is speculative bubble thinking. We have gotten too confident of the prices in these markets.

Economic Outlook 2008: Darkening Clouds
Dom Armentano Lew Rockwell.com Thursday December 6, 2007 Presidential election years usually are not recessionary but next year will be an exception. Several economic factors are colliding in an almost perfect storm to markedly slow the general economy and the stock market. The most important signal flashing recession is, of course, the sub-prime mortgage fiasco. After years of monetary inflation on the part of the Federal Reserve, individuals and families with poor credit were suckered into low-down-payment/low-interest adjustable mortgages that simply cannot be maintained or repaid under current conditions. Their incentive is to sell the property quickly before their equity evaporates and/or the financial institution repossesses it. Yet the massive oversupply of homes and condos for sale has pushed prices down at a record clip and made additional foreclosures even more likely. Next year, unfortunately, will be the Year of the Auction. The financial institutions have also been punished�well sort of. Various institutions including hedge funds that hold these poorly performing debt obligations have been forced (by accounting rules) to "write down" the value of these assets, take huge paper losses in the bargain, and pull in their financial horns. Thus, any near-term recovery in housing must now fight a record supply availability, falling prices, higher insurance costs and restricted credit�a near-term impossibility in my view. Moreover, the slowdown in residential and commercial construction will send secondary ripple effects throughout the economy. Laid-off construction workers don't spend money. Construction and home furnishing suppliers sell less output and make fewer investments. Even local governments will be pinched by declining property-tax assessments and fewer developer fees. Things are likely to get worse before they get any better. The second major factor indicating a near-term recession is the sky-high price of crude oil and refined product. Pushed upward by world-wide speculative Mid-East war fears and increases in demand (especially from China), increasing energy prices act as an inflationary "tax" on domestic production and consumption throughout the market economy. Higher costs of production will lower profits; higher prices will reduce some consumption. The only good news here is that any substantial economic slowdown in 2008 will eventually moderate the price of oil and other commodity prices as well. The third factor in the current recession scenario � and the real wild card � is the continuing decline in the value of the dollar in international money markets caused by our Iraq blunder and the Federal Reserve�generated oversupply of dollars. Some economists would argue that a devalued dollar is good for U.S. exports, and thus positive for the economy as a whole. I disagree for three reasons. First, the bulk of crude oil purchases takes place in dollars; a falling dollar translates into still higher crude oil prices. Second, the U. S. dollar is the major reserve currency of the international monetary system and dollar-paying investments (such as U.S. Treasury bills and bonds) are held in massive amounts by foreign banks and governments. Dollar devaluation makes these investments less attractive and any disinvestment in these areas would sharply drive bond prices down and increase interest rates. The third reason why dollar devaluation makes recession more likely is that it effectively prevents the Federal Reserve from pushing U.S. interest rates much lower. Any additional Fed easing (inflation) would be seen as a signal of even further future dollar devaluation and even higher dollar prices for oil. Unfortunately, we will not be able to "inflate" our way out of this recession this time. We will simply have to take our lumps and let market forces liquidate the bulk of the malinvestments caused by the unprecedented Greenspan money bubble. This liquidation process will not be pretty but it is necessary to restore a sustainable economic recovery in the years ahead.

Don�t forget: Criminal america has the highest crime rates in the world. No other so-called �civilized� nation even comes close.

Euro gains on dollar in official reserves...
FROM THE SUB-PRIME TO THE RIDICULOUS: HOW $100B VANISHED...
PAPER: TOP ECONOMIST SAYS AMERICA WILL PLUNGE INTO RECESSION...

UNDERSTANDING THE GREAT WALL STREET FRAUD (summarized)
*(12-30-07) The best and easiest to understand analogy, though not perfect, to the wall street markets is the kiting of checks at lightning computerized trading speed on which commissions are taken although there is nothing of real value underlying their fraudulent scheme. (10-10-08) Now to bring this analogy closer to the current crisis, assume as is the case of the worthless sub-prime securities, there is no charge off/debit as is ordinarily the case with a cleared check and the worthless 'collateralized sub-prime security' is repackaged, resold, recommissioned based upon as collateral the original worthless security which is in turn repackaged, resold, recommissioned based upon as collateral the subsequent worthless security, and so on to the tune of (hundreds of) trillions of this worthless, fraudulent paper (blatent securities fraud which must be prosecuted and fraudulently derived profits disgorged).
*(12-31-07) The ubiquitous computerization of wall street functions, the enhancement/advance/integration of the said computer equipment/peripherals in terms of computing power and speed, along with the concomitant advance/sophistication of the programming concerning same has enhanced the ability of the frauds on wall street to effect their frauds with blinding speed vis-�-vis the funds entrusted to their care by way of programmed trades, ie., buy, sell, stop limits, etc.. An example (though not perfect) is illustrative:� Dow drops 200 points as programmed sell orders kick in with some not so fudged negative news. Nothing changes but the following day the market rises 205 points on programmed buy orders (a little higher despite the absence of any positive news). Hence, the huge swings which have become ever so more prevalent. Though nothing has changed, hundreds of millions of dollars without relation to any value added (in economic terms, service, etc.) is taken in commissions (percentages, points, spreads) by the frauds on wall street on huge computerized trading volume (hence, the multi-billion dollar bonuses on top of huge salaries, etc.). The fact is that these funds entrusted to them are so large that such computerized �buys� can simulate other than rational demand causing prices to rise solely to generate huge commissions to them and new funds coming in (as in a ponzi scheme). The corrupt government has been complicit in terms of false economic reports, legislation protecting the fraud (ie., exemption from RICO accountability, etc.), while the courts are also corrupt facilitators (ie., new york, new jersey, california, etc., and similarly don�t count on arbitration panels).� There was a time when transaction costs mattered in financial investment decisions. The trades/commissions are not a net positive for the economy but are indeed of great benefit to the recipients of same (who like termites eat away at other peoples� money, and whose marginal propensity to consume is less than those allocating their monies/pensions/401ks/savings etc.; hence, the mess to follow). Finally, the NASDAQ/tech has become the �safe haven� but in reality as in the dot.com bust days are just the great story without much fundamental understanding that keeps the fraudulent ball rolling.
(1-01-08)
Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Very Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
*(1-3-08) $14 billion ($21 billion in 2006) in bonuses to the lunatic/frauds on wall street for a commissionable (sub prime bundled) fraud well done, inflation up, dollar down, oil prices up, manufacturing down; one analyst/reporter/journalist from inside sources pegs the sub-prime dollar value of the shilled worthless paper at $516 TRILLION (even a percentage of same renders the problem unfixable-hence, culpable parties must be held accountable and disgorge their ill-gotten gains from, ie., commissioning worthless paper, taking a point here or there and fraudulently passing same on, ad infinitum, etc.). Of course there are also a plethora of garden-variety frauds as always, ie., 10-B-5, insider trading, etc..



*(10-10-08) Now to bring the initial check-kiting analogy closer to the current crisis, realize as is the case of the worthless sub-prime securities, there is no charge-off/debit as is ordinarily the case with a cleared check and the worthless 'collateralized sub-prime security' is repackaged, resold, recommissioned based upon (collateralized by) as collateral the original worthless security which is in turn repackaged, resold, recommissioned based upon as collateral the subsequent worthless security, and so on (a geometric progression) �to the tune of (hundreds of) trillions of this worthless, fraudulent paper (blatent/flagrant �securities fraud which must be prosecuted and fraudulently derived profits disgorged).



THE BAILOUT FRAUD/SCAM

 

This is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing �cover/collateral� for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper) in the mega-billions should first be disgorged before taxpayers are forced to pony up and pay the frauds again for their fraud which caused the problem in the first instance, must be prosecuted. It should also be noted that despite the rhetoric, the wall street bailout will NOT solve the crisis or eliminate the economic pain except to make permanent the fraudulent wealth transfer to the most well healed heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud.�

TOP TRENDS 2008: PANIC AND FEAR http://www.trendsresearch.com

 

Economic 9/11

Just as the Twin Towers collapsed from the top down, so too will the US economy from an Economic 9/11. When the high-stake speculators, banks, brokerages, and buyout firms that leveraged billions with millions get hit ... everything underneath them will turn to rubble.

The Panic of 08

Failing banks, busted brokerages, toppled corporate giants, bankrupt cities, states in default, foreign creditors cashing out of US securities � whatever the spark, the stage is set for panic in the streets. When the giant firms fall, they'll crush the man on the street. ....

Conservation Engineers

More powerful than high tech and paying much better than the booming health care sector, we forecast that "Conservation Engineers" and "Conservation Specialists" that are skilled in providing enviro-smart solutions will be among the most handsomely rewarded and sought after professions for the next several decades.

Tax Revolts

It was a reason given for starting the first American Revolution and as the trends add up, it will also be a reason for starting the second. Fed up, and not willing � or able � to take it anymore, overtaxed Americans will begin the battle against politicians and bureaucrats in the fight to lower and/or repeal taxes� while demanding higher tax rates for those seen as paying too little. .....

Bye, Bye Bucks

America�s going broke and the whole world knows it. Betting that its economy will spiral down and that the dollar will fall with it, foreign creditors are dumping dollars on the market � and even Third World street vendors don�t want to take greenbacks any longer. The further it falls, the less it�s worth. The less it�s worth, the less it buys. In the real world they call it "inflation." In America they call it "good for business." ......

Small is Big

Unlike the years of personal prosperity and business growth long perceived a birthright � today, as America�s fortunes dwindle, its people will be forced to adjust attitudes and alter practices to compensate for the losses. Although the oncoming national downsizing trend may be a blow to egos and painful to pocketbooks, if intelligently deployed and spiritually practiced, the "Small is Big" trend can lead to more progressive advancement and greater rewards than the supersizing trend that has been consuming much of the nation.

Heal Yourself Health Care

Just as it took mountains of facts and bottom line realities to finally convince a consumption prone public that energy saving tools and environmentally sound practices bring bigger rewards and higher quality, the oncoming "Heal Yourself Health Care" trend will be as widely embraced and will prove equally rewarding. Evolving over the past two decades, along with growing acceptance of seeking alternative medical options, the "Heal Yourself Health Care" trend is being driven by both the lack of money and the power of the mind.

TechnoSlaves.com

It�s a quickly spreading worldwide epidemic that will get much worse. All colors, classes, creeds and races are addicted and they can�t break the habit. Before 2008 ends, the TechnoSlave trend will be so pervasive and so deeply embedded into the fabric of society that Old World communication styles will be seen as quaint and ridiculed as stupidly boring by the high-tech "hip." Across borders and around the world, blinking lights of blue and red flash from human ears � electro-plastic appendages affixed to the body and controlling the mind. So self-important have society�s members become that they must be connected at all times � to be in touch and instant messaged � for work, play and to fill the voids of idle time.

Hold on to Your Hats

2008 is going to be a wild ride. http://www.trendsresearch.com

Jeremy Grantham: All the World's a Bubble By Brett Arends
�..Grantham says we are now seeing the first worldwide bubble in history covering all asset classes.

Everything is in bubble territory, he says.� Everything.

'The bursting of this bubble will be across all countries and all assets.' -- Jeremy Grantham

The United States is heading for bankruptcy, according to an extraordinary paper published by one of the key members of the country's central bank.

A ballooning budget deficit and a pensions and welfare timebomb could send the economic superpower into insolvency, according to research by Professor Laurence Kotlikoff for the Federal Reserve Bank of St Louis, a leading constituent of the US Federal Reserve.

Prof Kotlikoff said that, by some measures, the US is already bankrupt. "To paraphrase the Oxford English Dictionary, is the United States at the end of its resources, exhausted, stripped bare, destitute, bereft, wanting in property, or wrecked in consequence of failure to pay its creditors," he asked.

According to his central analysis, "the US government is, indeed, bankrupt, insofar as it will be unable to pay its creditors, who, in this context, are current and future generations to whom it has explicitly or implicitly promised future net payments of various kinds''.

Prof Kotlikoff, who teaches at Boston University, says: "The proper way to consider a country's solvency is to examine the lifetime fiscal burdens facing current and future generations. If these burdens exceed the resources of those generations, get close to doing so, or simply get so high as to preclude their full collection, the country's policy will be unsustainable and can constitute or lead to national bankruptcy.

"..... there are strong reasons to believe the United States may be going broke."

Experts have calculated that the country's long-term "fiscal gap" between all future government spending and all future receipts will widen immensely as the Baby Boomer generation retires, and as the amount the state will have to spend on healthcare and pensions soars. The total fiscal gap could be an almost incomprehensible $65.9 trillion, according to a study by Professors Gokhale and Smetters.

The figure is massive because President George W Bush has made major tax cuts in recent years, and because the bill for Medicare, which provides health insurance for the elderly, and Medicaid, which does likewise for the poor, will increase greatly due to demographics.

Prof Kotlikoff said: "This figure is more than five times US GDP and almost twice the size of national wealth. One way to wrap one's head around $65.9trillion is to ask what fiscal adjustments are needed to eliminate this red hole. The answers are terrifying. One solution is an immediate and permanent doubling of personal and corporate income taxes. Another is an immediate and permanent two-thirds cut in Social Security and Medicare benefits. A third alternative, were it feasible, would be to immediately and permanently cut all federal discretionary spending by 143pc."

The scenario has serious implications for the dollar. If investors lose confidence in the US's future, and suspect the country may at some point allow inflation to erode away its debts, they may reduce their holdings of US Treasury bonds.

Prof Kotlikoff said: "The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century."

UPDATE - Two former NYSE traders found guilty of fraud

Stock market staggers, but investors still may be too optimistic

Commentary: Newsletters react to stock markets' losing week
By Peter Brimelow, MarketWatch� 12:04 AM ET Jul 17, 2006
Investors may still be too optimistic
NEW YORK (MarketWatch) -- First, a proprietary word: on Friday night, the Hulbert Stock Newsletter Sentiment Index (HSNSI), which reflects the average recommended stock market exposure among a subset of short-term market timing newsletters tracked by the Hulbert Financial Digest, stood at plus-23.8%. This was certainly below the 31.4% it showed on Tuesday night, when Mark Hulbert worried, presciently we must say, that it was too strong from a contrary opinion point of view. But it's still above its 12.6% reading at end of June, although, Mark pointed out, the stock market had declined in the interim. And since Mark wrote, the Dow Jones Industrial Average has had three triple-digit down days.

Not good.

Dow Theory Letters' Richard Russell wrote Friday morning: "If the Dow breaks support at 10,760, I think we could have some nasty action, even some crash-type action." But, perhaps significantly, Russell did not quite hit the panic button when the Dow did indeed close at 10,739 Friday night.

He simply remarked, supporting the contrary opinion view: "Three days in a row with the Dow down over 100 points each day -- you don't see that very often. But still no signs of real fear, no capitulation, no panic -- just down, down, and down. The key consideration here is that there is still no sign of big money coming into this market. In fact, the big money has been leaving this market all year. ... The longer the market continues down without a panic decline, the worse the ultimate panic will be when it arrives."

What is Wrong with the Stock Market?

Dr. Khaled Batarfi

 

John D. Rockefeller was once asked why he decided to sell all his stocks just months before the 1929 Wall Street Crash. He explained: One morning, I was on the way to my office and stopped to have my shoes polished. The guy asked my advice about the shares he bought. If people with this kind of talent were now playing the market, I knew there was something wrong.....

 

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

������������� July 17 July 14 (respectively)

Fed acct� 4.087 4.935

Tax/loan note acct 10.502 10.155

Cash balance 14.589 15.192

National debt,

subject to limit 8,311.633 8,323.084

The statutory debt limit is $8.965 trillion.

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

End Of The Bubble Bailouts A. Gary Shilling, Insight 08.29.06 - For a quarter-century, Americans� spending binge has been fueled by a declining savings rate and increased borrowing. The savings rate of American consumers has fallen from 12% in the early 1980s to -1.7% today (see chart below). This means that, on average, consumer spending has risen about a half percentage point more than disposable, or after-tax, income per year for a quarter-century.

The fact that Americans are saving less and less of their after-tax income is only half the profligate consumer story. If someone borrows to buy a car, his savings rate declines because his outlays go up but his disposable income doesn�t. So the downward march in the personal savings rate is closely linked to the upward march in total consumer debt (mortgage, credit card, auto, etc.) in relation to disposable income (see chart below).

Robust consumer spending was fueled first by the soaring stock market of the 1990s and, more recently, by the housing bubble, as house prices departed from their normal close link to the Consumer Price Index (see chart below) and subsequently racked up huge appreciation for homeowners, who continued to save less and spend more. Thanks to accommodative lenders eager to provide refinancings and home equity loans, Americans extracted $719 billion in cash from their houses last year after a $633 billion withdrawal in 2004, according to the Federal Reserve.

But the housing bubble is deflating rapidly. I expect at least a 20% decline in median single-family house prices nationwide, and that number may be way understated. A bursting of the bubble would force many homeowners to curb their outlays in order to close the gaps between their income and spending growth. That would surely precipitate a major recession that would become global, given the dependence of most foreign countries on U.S. consumers to buy the excess goods and services for which they have no other markets.

That is, unless another source of money can bridge the gap between consumer incomes and outlays, just as house appreciation seamlessly took over when stocks nosedived. What could that big new source of money be? And would it be available soon, given the likelihood that house prices will swoon in coming quarters?

One possible source of big, although not immediate, money to sustain consumer spending is inheritance. Some estimates in the 1990s had the postwar babies, who have saved little for their retirement, inheriting between $10 trillion and $41 trillion from their parents in the coming decades. But subsequent work by AARP, using the Federal Reserve�s Survey of Consumer Finances for 2004 and previous years, slashed the total for inheritances of all people alive today to $12 trillion in 2005 dollars. Most of it, $9.2 trillion, will go to pre-boomers born before 1946, only $2.1 trillion to the postwar babies born between 1946 and 1964, and $0.7 trillion to the post-boomers.

Furthermore, the value of all previous inheritances as reported in the 2004 survey was $49,902 on average, with $70,317 for pre-boomers, $48,768 for boomers and $24,348 for post-boomers. Clearly, these are not numbers that provide for comfortable retirements and, therefore, allow people to continue to spend like drunken sailors.

What other assets could consumers borrow against or liquidate to support spending growth in the future? After all, they do have a lot of net worth, almost $54 trillion for households and nonprofit organizations as of the end of the first quarter. Nevertheless, there aren�t any other big assets left to tap. Another big stock bonanza is unlikely for decades, and the real estate bubble is deflating.

Deposits total $6.3 trillion, but the majority, $4.9 trillion worth, is in time and savings deposits, largely held for retirement by financially conservative people. Is it likely that a speculator who owns five houses has sizable time deposits to fall back on? Households and nonprofits hold $3.2 trillion in bonds and other credit market instruments, but most owned by individuals are in conservative hands. Life insurance reserves can be borrowed, but their total size, $1.1 trillion, pales in comparison to the $1.8 trillion that homeowners extracted from their houses in the 2003-2005 years. There�s $6.7 trillion of equity in noncorporate business, but the vast majority of that is needed by typically cash-poor small businesses to keep their doors open.

Pension funds might be a source of cash for consumers who want to live it up now and take the Scarlett O�Hara, �I�ll worry about that tomorrow� attitude toward retirement. They totaled $11.1 trillion in the first quarter, but that number includes public funds and private defined benefit plans that are seldom available to pre-retirees unless they leave their jobs.

The private defined contribution plans, typically 401(k)s, totaled $2.5 trillion in 2004 and have been growing rapidly because employers favor them. But sadly, many employees, especially those at lower income levels, don�t share their bosses� zeal. Only about 70% participate in their company 401(k) plans and thereby take advantage of company contributions. Lower paid employees are especially absent from participation, with 40% of those making less than $20,000 contributing (60% of those earning $20,000 to $40,000), while 90% of employees earning $100,000 or more participate.

Furthermore, the amount that employees could net from withdrawals from defined contribution plans would be far less than the $2.5 trillion total, probably less than the $1.8 trillion they pulled out of their houses from 2003 to 2005. That $2.5 trillion total includes company contributions that are not yet vested and can�t be withdrawn. Also, withdrawals by those under 59� years old are subject to a 10% penalty, with income taxes due on the remainder.

With soaring stock portfolios now ancient history and leaping house prices about to be, no other sources, such as inheritance or pension fund withdrawals, are likely to fill the gap between robust consumer spending and weak income growth. Consumer retrenchment and the saving spree I�ve been expecting may finally be about to commence. And the effects on consumer behavior, especially on borrowing and discretionary spending, will be broad and deep.

Analysts' Forecasts and Brokerage-Firm Trading
THE ACCOUNTING REVIEW Vol. 79, No. 1 2004 pp. 125�149 Analysts� Forecasts and
Brokerage-Firm Trading
Paul J. Irvine Emory University University of Georgia
Collectively, these results suggest that analysts can generate higher trading commissions through their positive stock recommendations than by biasing their forecasts.

WHISPERS OF MERGERS SET OFF BOUTS OF SUSPICIOUS TRADING...
August 27, 2006 NYTimes By GRETCHEN MORGENSONThe boom in corporate mergers is creating concern that illicit trading ahead of deal announcements is becoming a systemic problem.

Sartre, Courtesy of Etherzone.com, on the Typical Criminal american B**l S**t: "The official rate of inflation is a lie. Look at the expense on essentials. The price tag of food has gone through the roof. Energy, medical, insurance and education costs are unbearable. As the rise in local and state taxes far out pace any minimal reductions on the federal level. The huge balance of payments trade shortfall is no accident. Government deficits grow, as massive debt piles up. No wonder the laws of economic veracity require a loss of purchasing power in the value of the currency".

Insiders Selling At A Rate Of 5 to 1!
'Peak Oil' Has Been Reached [In Part The Work Of The criminal american (think tank/neo-cons/titans of industry/cia/nsa,etc.) "geniuses" who have built up communist China militarily and economically].

  • Record High Oil Prices
  • Consumer Confidence (consumption 65% of GNP) Down
  • Record High Deficits (budget, trade, attention, intelligence, etc.)

YOU CAN'T BELIEVE A WORD THEY SAY!


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