CURRENT DATE BREAKINEWS UPDATES

Output Rise Not on OPEC Summit Agenda

Ford sees tough U.S. market

Ron Paul's "Fringe Views" Are Supported By a Majority of Americans November 14, 2007
U.S. Dollar Will Get Stronger: Bush November 14 , 2007
Why the Media Blackout of Denzel Washington's Extraordinary Gift to a Texas Military Hospital? November 14, 2007
Zogby Predicts Ron Paul Could Get 15 to 18 Percent in New Hampshire November 14, 2007

State Attorney Admits No Law Makes Vaccines Mandatory November 15, 2007
Feds Raid Liberty Dollar and Seize and Freeze Everything November 15 , 2007
Glenn Beck Deems Ron Paul "Domestic Threat" November 15, 2007
Guantanamo Manual Leaked on Web November 15, 2007

9/11 Commission Chair Lee Hamilton Grilled Over Building 7 November 16, 2007
Silverstein's Building 7 Party Interrupted With 9/11 Truth November 16 , 2007
Rudy Giuliani Still 'Mr. 9/11' To You November 16, 2007
Ron Paul Dollars Soar Above $200 on eBay After Raid on Liberty Dollar November 16, 2007

Ron Paul Wins Nationwide Zogby Blind Poll November 19, 2007
New Poll Shows Majority Want Immediate Iraq Troop Withdrawal November 19 , 2007
Rudy Giuliani Still 'Mr. 9/11' To You November 16, 2007
Ron Paul Dollars Soar Above $200 on eBay After Raid on Liberty Dollar November 16, 2007

Zogby Analyst: Ron Paul's Timing "Almost Perfect" For a Big Move November 20, 2007
Ron Paul Wins GQ Dark Horse of the Year November 20 , 2007
Fox Host Says Dissenters Should Be Tased November 20, 2007
Fox News Chief Roger Ailes Lectures West Point on ‘The Military And The Media’ November 20, 2007

Zogby Analyst: Ron Paul's Timing "Almost Perfect" For a Big Move November 21, 2007
ABC News: Ron Paul Will Spend as Much as Giuliani in New Hampshire November 21 , 2007
Supremes to Decide if Second Amendment Means What It Says November 21, 2007
Fox's Gibson: NASCAR Likes Rudy Despite Gun Control Because He "Kicks Butt" November 21, 2007

Glenn Beck Confronted, Protagonists Questioned By Secret Service November 26, 2007
They Live Taser Saucer To Become A Reality November 26, 2007
Internet Soon to be “Full,” Government Solution: More Taxes November 26, 2007
Ron Paul's growing poll numbers vex mainstream press November 26, 2007

Freddie Mac to sell stock, cut dividend

Record low dollar, consumer confidence down, housing/real estate/indices/prices down, leading indicators down, record high oil/gold prices, deficits, fake/false government reports/data, etc., but newest bull s**t talking point, viz., $7.5 billion cash infusion from Abu Dhabi (a mere drop in the bucket relative to the magnitude of the problem), sparks lunatics’/suckers’ bear market rally/dead dog bounce into the close (11-27-07) to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. 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.

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..

CAN SHE BEAT THEM? New poll shows Clinton trails top '08 Republicans...

Clinton I haven't considered possibility of losing Dem nomination

NYC Fire Chief: Giuliani 'Not a Hero' 'He Ran That Day'

Hillary Takes Cash From Recipients of Husband's Controversial Pardons

UK TV hits Giuliani on 9/11 record
Corrupt mob-connected guinea giuliani and his team continue to offer conflicting answers to the question of whether he will make public the names of his pay-to-play “consulting” firm's clients.
Alleged Trainer Of 9/11 Hijackers a CIA Informant

Novak: Hillary's Nixonian Tactics Against Obama...

Giuliani shows abortion danger for Republicans

Wells Fargo to take $1.4 billion charge for bad loans

Iceland best place to live, Africa worst, u.s. continues to fall: UN Tue Nov 27, 4:22 PM ET BRASILIA (Reuters) - Iceland has overtaken Norway as the world's most desirable country to live in, according to an annual U.N. table published on Tuesday that again puts AIDS-afflicted sub-Saharan African states at the bottom, with u.s. finishing lower than previous year in continued descent…..

World Anglican leader launches attack on U.S. (Reuters) and condemns war criminal america’s modus operandi, viz., ….. a quick burst of violent action will somehow clear the decks and that you can move on and other people will put things back together again -- Iraq for example.

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.

CHEER: Ambrose Evans-Pritchard: Bank Crisis may make '29 look 'walk in park'...

Rudy or Hillary: Pick Your Poison November 28, 2007
We Are Change Ireland Attempts to Confront Bill Clinton November 28, 2007
Consider a continental currency, Jarislowsky says November 28, 2007
Hillary Interrupted: 20+ Years of Dynasty Is Enough November 28, 2007

McCain, a man with a false “war hero” history of his own (was referred to as the songbird by his fellow american war prisoners for trading information for better treatment), Peddles False History, Takes Cheap Shot at Ron Paul November 29, 2007
Naomi Wolf: America's Fascist Coup Owes Legacy To Bush's Nazi Grandfather November 29, 2007
New Bin Laden "Confession" Tape: Fake Like The Rest? November 29, 2007
GOP rivals tussle over immigration, the Word and Hitler in YouTube showdown November 29, 2007

Ron Paul to Top Giuliani's 3rd Qtr. Ceiling at 2 Month Mark of 4th Qtr. November 30, 2007
Deluded McCain Thinks Americans Believe 9/11 Hoax November 30, 2007
Giuliani Will 'Hear No Evil, See No Evil' About His Own Corruption November 30, 2007
CNN: Does Ron Paul Believe in a Conspiracy to Form a North American Union? November 30, 2007

Paul: Republicans Face Certain Defeat With Pro-War Candidate December 3, 2007
Handcuffed Woman Tased in Police Station December 3, 2007
CNN Hack Claims NAFTA Superhighway Figment Of Ron Paul's Imagination December 3, 2007
Florida GOP Official Threatens Ron Paul Straw Poll Voter with Violence December 3, 2007

Ex-Italian President: Intel Agencies Know 9/11 An Inside Job December 4, 2007
Young Pakistanis: Bin Laden Is A CIA Creation December 4, 2007
Man Tased 15 Times and Dragged Out of Vehicle December 4, 2007
Ron Paul Charms The View December 4, 2007

Ex-Canadian PM Next 9/11 Truther? December 5, 2007
Mall Security Demands ID From Truthers Under Patriot Act December 5, 2007
San Francisco GOP Group Cancels Straw Poll After Ron Paul Supporters Pour In December 5, 2007
Podhoretz’s ‘Dark Suspicion’: Intel Community Trying To Sabotage Bush With NIE December 5, 2007

Ron Paul Spambot Caper: Political Sabotage and Dirty Tricks? December 6, 2007
The Unknown Dangers of Nanotech December 6, 2007
Ron Paul Slams Global Warming "Fearmongering" December 6, 2007
Another Shooter With A History Of Anti-depressant Use December 6, 2007

Is the North American Union Conspiracy Theory Really Real? December 7, 2007
Cartel Heads Greenspan and Welch Confronted Over Grossly Concentrated Power December 7, 2007
Baer Suggests Saudis Could Stage Terror In America to Instigate Iran Attack December 7, 2007
Post-Pearl Harbor 'Jap Hunting License' All Too Similar to 'Terrorist Hunting Permit' December 7, 2007

Chretien Loses Patience With Questions On 9/11 Truth, NAU December 10, 2007
Elite Depopulation Agenda Gains Ground December 10, 2007
O’Reilly: Fox News Turned Down Pro-Constitution Ad Because It Was ‘Anti-American’ December 10, 2007
Ambassador Dennis Ross Confronted on Bilderberg Ties and Brzezinski Warning December 10, 2007

Londoners Interrogated Over Journey Plans December 11, 2007
Consensus Shattered As Major Scientific Study Says Global Warming Is Natural December 11, 2007
Beijing Olympics Will Use IBM High-Tech Surveillance System December 11, 2007
9/11 Truth on the Underground December 11, 2007

The Ties That Bind Rick Perry & Rudy Giuliani December 13, 2007
EU Chaos as Heckling MPs Chanting 'Referendum' Ordered to Leave Parliament December 13, 2007
Neocons Revise WMD Entry on Wikipedia Propaganda Portal December 13, 2007
Ron Paul Warns Middle Class Being "Wiped Out" In Final Debate December 13, 2007

Estulin: Elitists Consider Assassinating Ron Paul December 14, 2007
The Ties That Bind Rick Perry & Rudy Giuliani December 14, 2007
7/7 Terror Exercise Manager Peter Power "Grins and Bears" Tough Questions on False-Flag December 14, 2007
Over 100 Prominent Scientists Challenge UN Move For Global Carbon Tax December 14, 2007

Ron Paul Smashes Record With $6 Million Plus Haul December 17, 2007
Secret Service Agents Pressure 9/11 Truther to Stop Confronting Clinton December 17, 2007
Ron Paul Surpasses Fund Raising Record Held by John Kerry December 17, 2007
Texas Readies Police State Tech for Possible Hurricane Evacuees December 17, 2007

Daddy Bush Makes Skull and Bones Pilgrimage December 18, 2007
More Hiring and Advertising Ahead for Paul Campaign as the Donations Pour In December 18, 2007
Forbes: Bloomberg to Spend Big Bucks to Derail Ron Paul December 18, 2007
Bill Clinton: George H.W. Bush will help President Hillary December 18, 2007

Beck Complains Of Threats, Yet Wanted To "Kill Michael Moore" December 19, 2007
Rockefellers "Joked" About Controlling The World December 19, 2007
Ron Paul Doesn't Rule Out Third Party Run December 19, 2007
NASCO: Ron Paul Is "Confused" About NAFTA Superhighway December 19, 2007

Karl Rove Worried About Ron Paul "Momentum" December 20, 2007
2,600 Pages of Clinton Records Withheld December 20, 2007
Report Says Tancredo Plans to Drop Out December 20, 2007
Ron Paul on MSNBC: Are His Supporters Even Represented in the Polls? December 20, 2007

Ron Paul Racist Propaganda Exposed December 21, 2007
Gun Owners Group Condemns "Treacherous" Legislation December 21, 2007
Huckabee's Copy Cat Money Bomb... a Dud? December 21, 2007
Former US Intelligence official: Israel will attack Iran December 21, 2007

Edgar J. Hoover Planned Mass Jailing in 1950 December 23, 2007
Ron Paul Shines On Meet the Press December 23, 2007
Ron Paul Tied for Third in Iowa December 23, 2007
NORTHCOM: Constitution Not Important December 23, 2007

The New Year Begins Here (scroll down to current date)

Aldous Huxley Suggested Mind Control to Make Insane Blissful December 25, 2007
Ron Paul Shines On Meet the Press December 23, 2007
Ron Paul Tied for Third in Iowa December 23, 2007
NORTHCOM: Constitution Not Important December 23, 2007

New York Times Retracts Ron Paul Racist Smear December 27, 2007
Former Pakistani PM Bhutto 'Killed in Blast' December 27, 2007
War Costs $15 Billion Per Month, GOP Senator Says December 27, 2007
Murdoch & Other Bush Associates Further Consolidating U.S. Media Holdings December 27, 2007

Woe to americans who Are All Prisoners Now All Americans are now imprisoned in a world of lies and deception created by the Bush Regime and the two complicit parties of Congress, by federal judges too corrupt, timid or ignorant to recognize a rogue regime running roughshod over the Constitution, by a bought-and-paid-for media that serves as propagandists for a regime of war criminals, and by a gutless, ignorant public who have forsaken their self-respect.

Benazir Assassinated

Alexander Tytler: "The average age of the world's greatest civilizations has been two hundred years JonesReport.com | 12-4-07
"The average age of the world's greatest civilizations has been two
hundred years. These nations have progressed through this sequence: from
bondage to spiritual faith; from spiritual faith to great courage; from
courage to liberty; from liberty to abundance; from abundance to
selfishness; from selfishness to complacency; from complacency to
apathy; from apathy to dependence; from dependency back again into
bondage."-- Alexander Tytler

FDR: "They who seek to establish systems of government based on the regimentation of all human beings by a handful of individual rulers... call this a New Order. It is not new and it is not order."

Andrew Jackson: "There are no necessary evils in government. Its evils exist only in its abuses."

Congressman McFadden (1934) on the Fed: "This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government."

AP: TOP 10 NEWS STORIES '07...

Former CIA Interrogator: We Carried Out Torture Because The White House Told Us To

Fire out at building next to White House

Kucinich's brother found dead

FBI agent threatened to arrest CIA interrogators in 2002.

Countdown: Bushed! Countdown's list of the top three Bush scandals you may have forgotten about because of all of the new Bush scandals. This week's scandals: Habeas Corpus-Gate, Air-Gate and NIE-Gate.

Bush administration: Back off says war criminal and strategist dumbya bush on CIA tape probe CNN

HUCKABEE SLAMS 'ARROGANT' BUSH WHITE HOUSE

Romney Proves to All He is Not as Smart as he appears to be by Hitting Huckabee for Appropriately Criticizing War Criminal Dumbya bush for the debacle in Iraq (, etc.,) Which Is the Greatest Foreign Policy Blunder in america’s short-lived history (while concomitantly destroying the republican party, etc.) - tush tush, bush bush Washington Post

Bill Clinton Says He Wasn’t Ready for White House When He Squandered the Cold War Victory and Consequent Peace Dividend and that by resisting the bushit team Obama isn't Ready For White House which is ridiculous based upon the substantial damage the bush-clinton-bush corrupt regimes have caused the nation and the world...

Bush-Clinton-Bush-Clinton : Two Families, Three Decades In The White House, The Very Best Of Times For Them and the Worst of Times and Decline For america are (and this should be the wake-up call) best Friends

WYOMING DEM CHIEF: CLINTON WOULD HURT PARTY...

LA's gangland culture spreading chaos, violence into America's heartland...

AT&T engineer says Bush Administration sought to implement domestic spying within two weeks of taking office

Dodd ready to mount filibuster to block telecom immunity

The End of America

Naomi Wolf - "There hasen't been a real investigation of 9/11."

Lee Hamilton Says the CIA Obstructed the 9/11 Commission

CIA Failed To Fully Inform Congress About Destroyed Tapes CBS News

More Evidence of Obstruction of Justice in 9/11 Investigation

Neocons Revise WMD Entry on Wikipedia Propaganda Portal

Pelosi and Harman Aided and Abetted 9/11 Cover Up

The White House and Congress Knew about the CIA Interrogation Videotapes

USATODAYGALLUP POLL: Approval of Congress sinks to new low...

9/11 Victims' Lawyers Blast Ground Zero Toxic Air Lies In Court

Bush Authorizes Full Access to U.S. Roads for Even More Mexico-Based NAFTA Trucks

What is the CFR?: The Bush Clinton Bush Clinton Administration

Olbermann: Bush is a BOLD faced LIAR about NIE/Iran

Russia's well-founded and rational deep suspicion of (particularly criminal america) the West

Hillary Campaign Tactic Backfires as Top Aide Quits

REPORT: FBI Videotape shows Sharpton cutting a deal...

Victim: Gang-Rape Cover-Up by U.S., Halliburton/KBR

Greenspan sees early signs of U.S. stagflation

Poland does not need U.S. missile defense base - ex-PM

Iran Is No Threat and That’s Official “They stole our threat” goes a headline in the Israeli daily Haaretz. The author is, of course, referring to the recently published US National Intelligence Estimate (NIE) composed by 16 American intelligence.....

Gov't official: No 'smoking gun' on Iran

Egypt Govt Accuses Israel of Meddling in Its Ties With US

Paul: Israel Demanding U.S. Further Its Self-destructive Pro-israel Mode and Invade Iran

Russia warns of US missile shield retaliation

PA Economy Worst Affected by Israeli Restrictions: WB

Israeli Airstrikes in Gaza Kill 7

NASA 'on target for return to the moon for the first time by 2020'…..riiiiight!.....UFOetry: We Never Went To The Moon - The Award-Winning Documentary/Music/Video by John Lee
'The Mother of All Frauds'

History Channel Admits WTC Tower Fell At Freefall Speed

FBI Now Admits Evidence Used to Connect Oswald to Kennedy Assasination Was Bogus

Food prices rising at highest rate for 14 years

Taj Mahal Won't Accept bushit american Dollars as India Laments Lost Value

THE HILL: Dems Cave On Spending...

China's Yuan at new high vs dollar...

YEAR-ENDER: Home Sales Plunge, Feed Recession Fears...

To Understand Business/Economics for the Coming Year The New Year Starts Here (scroll down for current date)

(1-7-08) With sloth-like reflexes and speed the lazy, fallible frauds on wall street now recognize, yes we’re already in a recession. Forget Bulls/Bears. Their new mascot:
The Prehistoric Sloth. Sloths all, the lunatic/frauds on wall street are slothish on america.

Recession in the US 'has arrived': Merrill Lynch

Morgan Stanley issues full US recession alert Ambrose Evans-Pritchard
Tuesday December 11, 2007 Morgan Stanley has issued a full recession alert for the US economy, warning of a sharp slowdown in business investment and a "perfect storm" for consumers as the housing slump spreads. In a report "Recession Coming" released today, the bank's US team said the credit crunch had started to inflict serious damage on US companies…..

Reuters House prices seen falling 30 pct 12- 6-07 By Julie Haviv NEW YORK (Reuters) - Housing markets from Punta Gorda, Florida, to Stockton, California, will crash and suffer price drops of more than 30 percent before the housing crisis is over, a report from Moody's Economy.com said on Thursday. On a national level, the housing market recession will continue through early 2009, said the report, co-authored by Mark Zandi, chief economist, and Celia Chen, director of housing economics. The report paints a worsening picture of the hard-hit housing sector, which is in the midst of its worst downturn since World War II. While activity will stabilize in 2009, it will not be until 2010 before a measurable improvement in sales, construction and pricing will emerge, the report said…..

Earnings Recession Has Arrived U.S. corporate profits are in a recession, and the entire economy can not be far behind. Slower sales and higher energy and labor costs are forcing companies from Bear Stearns Cos. to Pitney Bowes Inc. to reduce spending and hiring. Their efforts to keep earnings from eroding even further raise the risk that the economy, already weakened by the steepest housing slide since 1991, may shrink sometime next year. ‘The earnings recession has already arrived, says David Rosenberg, North America economist for Merrill Lynch & Co. in New York. We are going to see an economic recession in '08.…..’

BANK OF AMERICA Sees Bigger Writedowns (12-12-07).....

MORGAN STANLEY first loss ever; taps China for $5 Billion...

PAPER: Housing foreclosures largest since Great Depression...

Home Prices Fall for 10th Straight Month

Oil price spikes close to $97...

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…..

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!).

(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%]. eND OF FIRST QUARTER AND DOW –8%, nASDAQ-14%, AND S&P-10%. 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 (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. MIDWEST MANUFACTURING INDEX AT 48.2 INDICATES CONTRACTION BUT LESS SEVERE THAN EXPECTED…..RIIIIIGHT…..PROPOSAL BY OF ALL PEOPLE A WALL STREET FRAUD NAMED PAULSON SEEKS TO ELIMINATE SEC BY MERGING INTO SLOTHLIKE COMMODITIES ARM WITH NET EFFECT OF NO ENFORCEMENT OF EXISTING LAWS/REGS AGAINST FRAUD WHICH IS NECESSARY (ALONG DISGORGEMENT OF THEIR FRAUDULENT GAINS BY THE WALL STREET PERPETRATORS) ACCORDING TO WELL RESPECTED ECONOMIST/ANALYST. THIS IS FIRST OVERALL SINCE GREAT DEPRESSION WHICH TELLS VOLUMES ABOUT THE SEVERITY OF THE CRISIS YET SOLVES NOTHING. ONE ANALYST SAYS EYES ON WRITEDOWNS TO COME. COMMENTATOR SAYS 1929 REVISITED YET REGS DO NOTHING BUT ELIMINATE PROTECTIONS ACCORDED BY sec. ANOTHER ECONOMIST/ANALYST/AUTHOR/PROFESSOR SAYS NO ONE KNOWS HOW DEEP/DARK/AND LENGTH OF CURRENT CRISIS, SO SEVERE REQUIRING EMERGENCY ACTION YET DOING NOTHING OF SUBSTANCE AND THAT DOLLAR/DOLLAR DENOMINATED SECURITIES/ASSETS ARE HIGH RISK AND RELATIVELY LOW RETURN. ANOTHER WELL RESPECTED ECONOMIST SAYS MUST USE EXISTING LAWS AGINST FRAUD, PROSECUTE, AND GO AFTER THE HEDGE FUNDS. 3-28-08 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. SUCKERS’ BEAR MARKET RALLY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING(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].

(3-27-08) (DOW -120, NASDAQ -43, S&P -15) [CLOSE- OIL $107.58/ GOLD $948.80 / SILVER $18.55 / PLATINUM $2,043.70 / DOLLAR= .63 EURO, 98 YEN, .4979 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.54%]. 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. (3-27-08) (DOW -120, NASDAQ -43, S&P -15) [CLOSE- OIL $107.58/ GOLD $948.80 / SILVER $18.55 / PLATINUM $2,043.70 / DOLLAR= .63 EURO, 98 YEN, .4979 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.54%]. 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].

(3-26-08) (DOW -110, NASDAQ -17, S&P -12) [CLOSE- OIL $106/ GOLD $949.20 / SILVER $18.38 / PLATINUM $2,000 / DOLLAR= .6311 EURO, 98 YEN, .498 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.46%]. 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. (3-26-08) (DOW -110, NASDAQ -17, S&P -12) [CLOSE- OIL $106/ GOLD $949.20 / SILVER $18.38 / PLATINUM $2,000 / DOLLAR= .6311 EURO, 98 YEN, .498 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.46%]. 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].

(3-25-08) (DOW -16, NASDAQ +14, S&P +3) [CLOSE- OIL $101.22 / GOLD $935 / SILVER $17.80 / PLATINUM $1,985.90 / DOLLAR= .639 EURO, 99.85 YEN, .498 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.51%]. 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. SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. (3-25-08) (DOW -16, NASDAQ +14, S&P +3) [CLOSE- OIL $101.22 / GOLD $935 / SILVER $17.80 / PLATINUM $1,985.90 / DOLLAR= .639 EURO, 99.85 YEN, .498 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.51%]. 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].

(3-24-08) (DOW +187, NASDAQ +68, S&P +20) [CLOSE- OIL $100.86 / GOLD $918.70 / SILVER $17.11 / PLATINUM $1,889 / DOLLAR= .64 EURO, 100 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.55%]. 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. SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. (3-24-08) (DOW +187, NASDAQ +68, S&P +20) [CLOSE- OIL $100.86 / GOLD $918.70 / SILVER $17.11 / PLATINUM $1,889 / DOLLAR= .64 EURO, 100 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.55%]. 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/SHORT-COVERING 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].

(3-20-08) (DOW +262, NASDAQ +48, S&P +31) [CLOSE- OIL $101.84 / GOLD $920 / SILVER $16.85 / PLATINUM $1,877.30 / DOLLAR AT 1.54 AGAINST EURO, 98 YEN, 1.98 POUND STERLING, ETC. (How low can you go - LOWER)]. 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. SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. (DOW +262, NASDAQ +48, S&P +31) [CLOSE- OIL $101.84 / GOLD $920 / SILVER $16.85 / PLATINUM $1,877.30 / DOLLAR AT 1.54 AGAINST EURO, 98 YEN, 1.98 POUND STERLING, ETC. (How low can you go - LOWER)]. 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). SMART MONEY WOULD SELL HERE (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].

(3-19-08) (DOW -293, NASDAQ -58, S&P -32) [CLOSE- OIL $104.48(-$4.94) / GOLD $942.60 (-$61.60)/ SILVER $18.56/ PLATINUM $1,892/ DOLLAR AT 1.57 AGAINST EURO, 99 YEN, BELOW 1 SWISS FRANC, ETC. (How low can you go)]. 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 IN STOCKS RELATIVE TO REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. (DOW -293, NASDAQ -58, S&P -32) [CLOSE- OIL $104.48(-$4.94) / GOLD $942.60 (-$61.60)/ SILVER $18.56/ PLATINUM $1,892/ DOLLAR AT 1.57 AGAINST EURO, 99 YEN, BELOW 1 SWISS FRANC, ETC. (How low can you go)]. 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). SMART MONEY WOULD SELL ON ANY STRENGTH (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].

(3-18-08) (DOW +420, NASDAQ +91, S&P +54) [CLOSE- OIL $109.42(+$3.74) / GOLD $1003/ SILVER $19.96/ PLATINUM $1,968/ DOLLAR AT 1.57 AGAINST EURO, 100 YEN, BELOW 1 SWISS FRANC, ETC. (How low can you go)]. 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. SUCKERS’ INTRA-DAY BEAR MARKET RALLY BASED UPON B**L S**T ALONE (NOTHING WHATSOEVER) TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. ) (DOW +420, NASDAQ +91, S&P +54) [CLOSE- OIL $109.42(+$3.74) / GOLD $1003/ SILVER $19.96/ PLATINUM $1,968/ DOLLAR AT 1.57 AGAINST EURO, 100 YEN, BELOW 1 SWISS FRANC, ETC. (How low can you go)]. 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). SMART MONEY WOULD SELL ON ANY STRENGTH (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].

(3-17-08) (DOW +21, NASDAQ -35, S&P –11.6) [CLOSE- OIL $105.68 / GOLD $1002.60 new record/ SILVER $20.11/ PLATINUM $1,959/ DOLLAR AT NEW RECORD LOWs AGAINST EURO above $1.59 intraday, 95.72 YEN, BELOW 1 SWISS FRANC, ETC. (How low can you go)]. 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). 3-12-08VERY 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. SUCKERS’ INTRA-DAY BEAR MARKET RALLY BASED UPON B**L S**T ALONE (NOTHING WHATSOEVER) TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. ) (DOW +21, NASDAQ -35, S&P –11.6) [CLOSE- OIL $105.68 / GOLD $1002.60 new record/ SILVER $20.11/ PLATINUM $1,959/ DOLLAR AT NEW RECORD LOWs AGAINST EURO above $1.59 intraday, 95.72 YEN, BELOW 1 SWISS FRANC, ETC. (How low can you go)]. LUNATIC/FRAUDS suckers’ bear market/short-covering rally based upon nothing whatsoever. 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). SMART MONEY WOULD SELL ON ANY STRENGTH (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].

(3-14-08) (DOW -195, NASDAQ -51, S&P -27) [CLOSE- OIL $110.21 / GOLD $999.50 new intra-day high ABOVE $1,009/ SILVER $20.66/ PLATINUM $2,076/ DOLLAR AT NEW RECORD LOW AGAINST EURO NEAR $1.57, BELOW 100 YEN, BELOW 1 SWISS FRANC, ETC. (How low can you go)]. SELL INTO STRENGTH/TAKE PROFITS. 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). 3-12-08VERY 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. SUCKERS’ INTRA-DAY BEAR MARKET RALLY BASED UPON B**L S**T ALONE (NOTHING WHATSOEVER) TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. (DOW -195, NASDAQ -51, S&P -27) [CLOSE- OIL $110.21 / GOLD $999.50 new intra-day high ABOVE $1,009/ SILVER $20.66/ PLATINUM $2,076/ DOLLAR AT NEW RECORD LOW AGAINST EURO NEAR $1.57, BELOW 100 YEN, BELOW 1 SWISS FRANC, ETC. (How low can you go)]. SMART MONEY WOULD SELL ON ANY STRENGTH (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].

(3-13-08) (DOW +35, NASDAQ +19, S&P +6) [CLOSE- OIL $110.33 (new RECORD) / GOLD $993.80 new intra-day high ABOVE $1,000 FOR FIRST TIME AT $1,001.50/ SILVER $20.45/ PLATINUM $2,097.50/ DOLLAR AT NEW RECORD LOW AGAINST EURO $1.56+, BELOW 100 YEN, ETC. (How low can you go)]. 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). 3-12-08VERY 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. SUCKERS’ BEAR MARKET RALLY BASED UPON B**L S**T ALONE (NOTHING WHATSOEVER) TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. (DOW +35, NASDAQ +19, S&P +6) [CLOSE- OIL $110.33 (new RECORD) / GOLD $993.80 new intra-day high ABOVE $1,000 FOR FIRST TIME AT $1,001.50/ SILVER $20.45/ PLATINUM $2,097.50/ DOLLAR AT NEW RECORD LOW AGAINST EURO $1.56+, BELOW 100 YEN, ETC. (How low can you go)]. SMART MONEY WOULD 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].

(3-12-08) (DOW -47, NASDAQ -12, S&P -12) [CLOSE- OIL $109.92 (new intra-day high $110.20) / GOLD $980.50 / SILVER $20/ PLATINUM $2,070/ DOLLAR AT NEW RECORD LOW AGAINST EURO $1.55+ (How low can you go)]. 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 IN STOCKS RELATIVE TO REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. (DOW -47, NASDAQ -12, S&P -12) [CLOSE- OIL $109.92 (new intra-day high $110.20) / GOLD $980.50 / SILVER $20/ PLATINUM $2,070/ DOLLAR AT NEW RECORD LOW AGAINST EURO $1.55+ (How low can you go)]. 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].

(3-11-08) (DOW +417, NASDAQ +86, S&P +47) [CLOSE- OIL $108.75 (new intra-day high $109.72) / GOLD $973 / SILVER $19.65/ PLATINUM $2,053/ DOLLAR AT NEW RECORD LOW AGAINST EURO $1.54+ (near 1.55-How low can you go)]. 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. 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. (DOW +417, NASDAQ +86, S&P +47) [CLOSE- OIL $108.75 (new intra-day high $109.72) / GOLD $973 / SILVER $19.65/ PLATINUM $2,053/ DOLLAR AT NEW RECORD LOW AGAINST EURO $1.54+ (near 1.55-How low can you go)]. 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].

(3-10-08) (DOW –153, NASDAQ -43, S&P –20) [CLOSE- OIL $107.92 NEW RECORD (NEW INTRA-DAY HIGH ABOVE $108)/ GOLD $971.80 / SILVER $19.79/ PLATINUM $2,039.10/ DOLLAR AT NEW RECORD LOW AGAINST EURO $1.54 How low can you go]. 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 IN STOCKS RELATIVE TO REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. (DOW –153, NASDAQ -43, S&P –20) [CLOSE- OIL $107.92 / GOLD $971.80 / SILVER $19.79/ PLATINUM $2,039.10/ DOLLAR AT NEW RECORD LOW AGAINST EURO $1.54 How low can you go]. 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].

(3-7-08) (DOW –146, NASDAQ -8, S&P –11) [CLOSE- OIL $105.45 (NEW INTRA-DAY HIGH ABOVE $106)/ GOLD $974.20 / SILVER $20.14/ PLATINUM $2,025/ DOLLAR AT NEW RECORD LOW AGAINST EURO $1.54 How low can you go]. MODEST DROP IN STOCKS RELATIVE TO REALITY, 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 IN STOCKS RELATIVE TO REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. (DOW –146, NASDAQ -8, S&P –11) [CLOSE- OIL $105.45 / GOLD $974.20 / SILVER $20.14/ PLATINUM $2,025/ DOLLAR AT NEW RECORD LOW AGAINST EURO $1.54 How low can you go]. 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].

(3-6-08) (DOW -214, NASDAQ -52, S&P –29, RUSSELL 2000 SMALL CAPS -21) [CLOSE- OIL $105.45 new record/ GOLD $979.90 / SILVER $20.23/ PLATINUM $2,177/ DOLLAR AT NEW RECORD LOW AGAINST EURO $1.53+ ETC. How low can you go]. 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 IN STOCKS RELATIVE TO REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. (DOW -214, NASDAQ -52, S&P –29, RUSSEL 2000 SMALL CAPS -21) [CLOSE- OIL $105.45 new record/ GOLD $979.90 / SILVER $20.23/ PLATINUM $2,177/ DOLLAR AT NEW RECORD LOW AGAINST EURO $1.53+ How low can you go]. 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].

(3-5-08) (DOW +41, NASDAQ +12, S&P +6) [CLOSE- OIL $104.57 new record/ GOLD $988.50 new record / SILVER $20.79/ PLATINUM $2,276.10/ DOLLAR AT NEW RECORD LOW AGAINST EURO $1.53 – How low can you go]. Suckers’ bear market rally into the close TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. 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. Suckers’ bear market rally into the close TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. (DOW +41, NASDAQ +12, S&P +6) [CLOSE- OIL $104.57 new record/ GOLD $988.50 new record / SILVER $20.79/ PLATINUM $2,276.10/ DOLLAR AT NEW RECORD LOW AGAINST EURO $1.53 – How low can you go]. 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street].

(3-4-08) (DOW -45, NASDAQ +1, S&P-4) [CLOSE- OIL $99.52/ GOLD $966.30/ SILVER $19.84/ PLATINUM $2,267/DOLLAR – How low can you go]. 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, 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. Suckers’ bear market rally into the close TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. (DOW -45, NASDAQ +1, S&P-4) [CLOSE- OIL $99.52/ GOLD $966.30/ SILVER $19.84/ PLATINUM $2,267/DOLLAR – How low can you go]. 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street].

(3-3-08) (DOW -7, NASDAQ -12, S&P-0-) [CLOSE- OIL $102.45 NEW RECORD intraday $103.95/ GOLD $984.20 NEW RECORD intraday $992+/ SILVER $20.07/ PLATINUM $2,241.60/DOLLAR AT NEW RECORD LOW AGAINST EURO near $1.53]. 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. Suckers’ bear market rally into the close TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. (DOW -7, NASDAQ -12, S&P-0-) [CLOSE- OIL $102.45 NEW RECORD intraday $103.95/ GOLD $984.20 NEW RECORD intraday $992+/ SILVER $20.07/ PLATINUM $2,241.60/DOLLAR AT NEW RECORD LOW AGAINST EURO near $1.53]. 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street].

(2-29-08) (DOW -315, NASDAQ -60, S&P-37) [CLOSE- OIL $101.84/ GOLD $974.30 NEW RECORD/ SILVER $19.81/ PLATINUM $2,161/DOLLAR AT NEW RECORD LOW AGAINST EURO $1.52+].
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 IN STOCKS RELATIVE TO REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. (DOW -315, NASDAQ -60, S&P-37) [CLOSE- OIL $101.84/ GOLD $974.30 NEW RECORD / SILVER $19.81/ PLATINUM $2,161/DOLLAR AT NEW RECORD LOW AGAINST EURO $1.52+]. 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street].

(2-28-08) (DOW -112, NASDAQ -22, S&P-12) [CLOSE- OIL $102.59 / GOLD $967.51/ SILVER $19.64/ PLATINUM $2,148/DOLLAR AT NEW RECORD LOW AGAINST EURO $1.52].
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. (DOW -112, NASDAQ -22, S&P-12) [CLOSE- OIL $102.59 / GOLD $967.51/ SILVER $19.64/ PLATINUM $2,148/DOLLAR AT NEW RECORD LOW AGAINST EURO $1.52]. 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street].

(2-27-08) (DOW +9, NASDAQ +8, S&P-1) [CLOSE- OIL $100.85 / GOLD $961.30/ SILVER $19.18/ PLATINUM $2,136/DOLLAR AT NEW RECORD LOW AGAINST EURO $1.51]
new record LOW FOR DOLLAR AGAINST EURO (AND EVEN WORTH LESS THAN THE LOWLY CANADIAN LOONEY, ETC.) WHICH ALONG WITH DEFICIT SPENDING IS HYPERINFLATIONARY AS OIL SEES NEW INTRADAY HIGH OF $102.08, 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, LUNATICS’/SUCKERS’ BEAR MARKET RALLY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street].

(2-26-08) (DOW +114, NASDAQ +17, S&P+9) [CLOSE- OIL $100.88 (new record) / GOLD $948.90/ SILVER $18.72/ PLATINUM $2,155.90/DOLLAR AT NEW RECORD LOW AGAINST EURO $149.98] 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/ANALIST 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, LUNATICS’/SUCKERS’ BEAR MARKET RALLY/FRAUD IN THE INDUCEMENT TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street].

(2-25-08) (DOW +189, NASDAQ +24, S&P+16) [CLOSE- OIL $99.23 / GOLD $940.50 / SILVER $18.09 / PLATINUM $2,153] GOOD MONEY AFTER BAD BAILOUT/ REAFFIRMANCE OF TRIPLE RATING ON MBIA/AMBAC BOND INSURERS (REMEMBER THOSE TRIPLE A RATE SECURITIZED SUB PRIME MORTGAGES…..MORE BULL S**T) ALONG WITH WORTHLESS DOLLAR/HIGH OIL PRICE RALLY CREATES YET ANOTHER B.S. SWING OF OVER 300 POINTS TO THE UPSIDE, 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, lunatics’/suckers’ bear market rally TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street].

(2-22-08) (DOW +96, NASDAQ +3, S&P+10) NOT SINCE THE GREAT DEPRESSION HAVE MORE PEOPLE IN U.S. OWED MORE ON THEIR HOMES THAN THEY ARE WORTH (10% OR 9 MILLION WHOSE HOMES WORTH LESS THAN MORTGAGE DEBT), MORTGAGE INSURERS AMBAC, MBIA, AND FREDDIE MAC AND FANNY MAE DOWNGRADED, NEWS OF (ACCORDING TO ONE ANALYST) GOOD MONEY AFTER BAD BAILOUT CREATES B.S. SWING OF OVER 200 POINTS TO THE UPSIDE WHILE BOFA (BANKS) SEEKING BAILOUT (EVEN AS COUNTRYWIDE CULPRITS SET TO PARTY IN LAVISH STYLE IN PALATIAL SETTING), HOW ABOUT ACCOUNTABILITY AND SOURCE OF BAILOUT FROM FUNDS OF THOSE WHO FINANCIALLY BENEFITTED FROM THE FRAUD ALONG WITH PROSECUTION OF AND DISGORGEMENT FROM THE COMMISSIONEES/WALL STREET FRAUDS/EXECUTIVES, ETC., ONE R.E. ANALYST REPORTS FALL OF MEDIAN HOME SALES PRICE IN BUBBLE BANANA REPUBLIC CALIFORNIA OF OVER $100,000, DOLLAR DOWN, NOTHING HAS FUNDAMENTALLY CHANGED; (2-21-08) (DOW -143, NASDAQ -27, S&P-18) LEADING ECONOMIC INDICATORS FALL 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% YET TO COME, COMMODITIES/METALS UP; LUNAR ECLIPSE FULL MOON EFFECT (2-20-08) SPARKS lunatics’/suckers’ bear market RALLY (200 POINT SWING TO UPSIDE) ON WORSE THAN EXPECTED NEWS, INFLATION (PROBABLY HIGHER THAN REPORTED) EXCEEDS EXPECTATIONS WITH CORE RATE UP 3% AND HEADLINE RATE UP 4.3%, KKR FOR SECOND TIME DELAYS REPAYMENT OF COMMERCIAL PAPER, FAKE REPORT ON NEW CONSTRUCTION (UNSELLABLE CONDOS/CONVERSIONS) UP .8% BUT BUILDING APPLICATIONS/PERMITS DOWN HEFTY 3% (WORSE SINCE 1991), FED MINUTES SAY ECONOMY WILL DECLINE/SLOW FASTER THAN PREVIOUSLY EXPECTED WITH HIGHER UNEMPLOYMENT AND INFLATION HENCE STAGFLATION AS WELL AS HOUSING WEAKNESS TO CONTINUE, ZOGBY POLL-MORE THAN HALF OF AMERICANS SAY RECESSION THIS YEAR BECAUSE WE’RE ALREADY IN RECESSION DESPITE ELECTION YEAR INCUMBENT SPIN, NEW RECORD HIGH OIL PRICES AND DOLLAR WEAKNESS, THINGS SO BAD THAT MORE CONTRAINDICATED RATE CUTS (HYPERINFLATIONARY IN LIGHT OF MORE WORTHLESS DOLLARS) ARE EXPECTED, ONE REAL ESTATE ANALYST SAYS OFFICE AND RETAIL NOW BEING HIT INDICATIVE OF MUCH MORE PAIN TO COME, HEWLETT PACKARD WITH SIGNIFICANT OVERSEAS SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) RALLIES NASDAQ, THIS MARKET IS FRAUD IN THE FACTUM AND INDUCEMENT; WALMART RALLIES COMMISSIONS PRODUCING UPSWING BY MATCHING EXPECTATIONS (WHAT- FOR INCREASED TRADE DEFICIT WITH CHINA, SAYS DISCOUNTS SPURRED SALES TO RESCUE DISMAL HOLIDAY SEASON, CROWDS OUT OTHER RETAILERS, OUTLOOK CAUTIOUS) WAS BACKWARD LOOKING AGAIN TO FOURTH QUARTER FOLLOWED BY HIGH OIL PRICE RALLY AS DOLLAR WAS DOWN SHARPLY (HYPERINFLATIONARY - IT TAKES MORE WORTHLESS DOLLARS TO BUY ANYTHING AS PANICKY FED LOOKS THE OTHER WAY), ONE ANALYST SAYS WE’VE NOT SEEN MARKET BOTTOM YET, WHILE ANOTHER (OIL) ANALYST SAYS WE’VE NOT SEEN MARKET TOP (FOR OIL PRICES) YET, CREDIT SWISSE TO WRITE DOWN $2.8 BILLION IN OVERVALUED ASSETS/SUSPENDS TRADERS, Institutional Money Continues to Flow Out of Stocks, Credit Crisis Losses Will Put Black Monday in the Shade , ANALYSTS/FINANCIAL REPORTERS PUZZLED OVER CRAZY LACK OF REACTION ON WALL STREET TO UNEXPECTEDLY NEGATIVE ECONOMIC DATA/NEWS (ON 2-15-08) WHICH SURPRISE IS WHAT ONE EXPECTS WHEN WITNESSING CRAZY BEHAVIOR UNTIL THEY REALIZE THEY ARE IN THE PSYCHO WARD OF AN INSTITUTION WHICH IS WALL STREET THE INSTITUTION FOR THE CRIMINALLY INSANE PROPELLED BY GREED/FRAUD, Citigroup bars investor exits from hedge fund , Bleak economic reports signal recession, CONSUMER SENTIMENT INDEX DOWN FAR BELOW EXPECTATIONS (16 YEAR LOW) AND ALWAYS HAS INDICATED RECESSION, NEW YORK MANUFACTURING INDEX DOWN SHARPLY AND 3 TIMES WORSE THAN EXPECTED, IMPORTED GOODS PRICE INDEX UP MORE THAN EXPECTED 1.7%, ONE RESPECTED ANALYST SAYS ALREADY IN RECESSION AND BEAR MARKETAND HOLD CASH AND DON’T TRY TO ‘CATCH THE FALLING KNIFE’, ANOTHER ANALYST SAYS GLOBAL BEAR MARKET AND A LOT OF NEGATIVE NEWS HASN’T YET HIT ECONOMY AND BANKS WEAK ON WRITEDOWNS AND BORROWING COSTS, OIL ANALYST SEES $100 OIL, BEST BUY LOWERS 2008 GUIDANCE/OUTLOOK, SOBERING VIEW OF DETERIORATING ECONOMY FROM BERNANKE (WHO INHERITED SAME FROM B.S. ARTIST/INCOMPETENT GREENSPAN – REMEMBER THE ENVY OF ALL THE WORLD SPEECHES…..RIIIIIGHT…..IF MEASURED IN DEFICITS, WORTHLESSNESS OF CURRENCY, ETC.) AS ECONOMIC PROSPECTS FOR THE ECONOMY HAVE DETERIORATED BEYOND EXPECTATION AND THAT CONSUMER SPENDING WILL BE SIGNIFICANTLY IMPACTED TO THE DOWNSIDE, UBS WITH MORE WRITEDOWNS($13BILLION)/LOSSES/NEGATIVE GUIDANCE, FGIC BOND INSURER DOWNGRADE BY MOODY’S, HOME PRICES FELL A QUARTERLY RECORD 5.8% (-17% IN BUBBLE BANANA REPUBLIC CALIFORNIA), ONE ANALYST SAYS BOTTOM FISHING IN A MARKET AS THIS IS LIKE ‘TRYING TO CATCH A FALLING KNIFE’, FALSE REPORTS FROM GOVERNMENT NO HELP, FIRST BASED ON MULTINATIONAL ‘DEFENSIVE’ STOCK WITH SIGNIFICANT OVERSEAS SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) COCA COLA RALLIES STOCKS, THEN SCANDAL-SCARRED, CORRUPT COMMERCE DEPARTMENT OF THE LIE-PRONE U.S. GOVERNMENT (THEY LIE ABOUT ALMOST EVERYTHING) WHICH LIES HAVE LED TO WAR CRIMES, NATIONAL DECLINE, SUB-PRIME MELTDOWN, HUGE FRAUDS, ETC., AS STOCKS RALLY FURTHER WITH FALSE GOV’T REPORT OF JANUARY RETAIL SALES 200% (UP A WEAK .3% INSTEAD OF DOWN .3% - ALL ACTUAL REPORTS IN JANUARY WERE DOWN - THE AUTO COMPANIES/DEALERS KNOW HOW MANY CARS AND OTHER RETALILERS HOW MANY GOODS THEY’VE SOLD) BETTER THAN EXPECTED BY ECONOMISTS, ETC., NEXT WAVE OF IRRATIONAL EXUBERANCE/FURTHER/FRAUD CAME WITH BUSH SIGNING THE ECONOMICALLY INNEFECTIVE ELECTION-YEAR STIMULOUS PLAN WHICH HAS BEEN DISCOUNTED IRRATIONALLY TO THE UPSIDE MANY TIMES ALREADY, ONE ANALYST SAYS RETAIL SALES NUMBER BY COMMERCE DEPARTMENT NOT TO BE BELIEVED AND FINANCIALS WILL REMAIN A MINEFIELD WITH MORE DOWNGRADES AND DOLLAR WILL CONTINUE TO BE UNDER PRESSURE WITH INFLATIONARY EFFECT AND NEW WALL STREET STRATEGY SEEMS TO BE BUY INTO THE BAD NEWS (RIIIIIGHT!)AND THE LOW VOLUME RALLY SUSPECT (SINCE BASED UPON NOTHING WHATSOEVER), ANOTHER R.E. ANALYST SAYS REAL ESTATE WEAKNESS WILL CONTINUE, OVER 200 POINT SWING TO THE POSITIVE (ON 2-11-08) ALONG WITH SUCKERS’ BEAR MARKET/SHORT COVERING RALLIES BASED ON NOTHING BUT BULL S**T ALONE, REINSURANCE BY BERKSHIRE BUFFET TOO EXPENSIVE (AND LIMITED TO MUNICIPALS) TO HELP AND REJECTED BY SOME BOND INSURERS IS STILL B.S. TALKING POINT FOR THE FRAUDS ON WALL STREET AS IS THE 30 DAY EXTENSION FOR DEFAULTS/FORECLOSURES SINCE 95% DON’T QUALIFY FOR WORKOUT AND FOR WHICH PROPERTIES HAVE NO EQUITY WHATSOEVER, ONE ANALYST SAYS GM WHICH REPORTED RECORD $38.7 BILLION 2007 LOSS ALONG WITH FORD HAVE NO BOOK VALUE AFTER REMOVING GOOD WILL (THEY’RE BROKE!), ONE BANK REPORTS FIRST LOSS EVER AND CUTS DIVIDEND RALLYING THE STOCK (RIIIIIGHT), PREVIOUS HIGH OIL PRICES RALLY STOCKS (RIIIIIGHT), AIG DOWN 11% ON DOWNGRADE/HIGHER THAN EXPECTED LOSSES IN ASSETS/SUBPRIME DERIVATIVES, ONE ANALYST/TRADER SAYS SELL INTO RALLIES WHILE ANOTHER SAYS STIMULUS PLAN JUST ELECTION YEAR SHOW AND WON’T DO ANYTHING BUT INCREASE BUDGET DEFICIT AND AT BEST INCREASE TRADE DEFICIT (PLASMA TV’S, ETC.), BOND INSURER SECURITY CAPITAL DOWNGRADED, ONE ANALYST QUOTES JOHN TEMPLETON (WHO HAPPENS TO HAVE SAID THE MARKET IS GOING TO CRASH) AND SAYS IN EFFECT THAT VOLATILE MARKETS AHEAD, EMERGING/GLOBAL MARKETS/COMMODITY EXPORTERS WILL FARE BEST, ECONOMIST SAYS STIMULUS PACKAGE WILL NOT WORK SINCE TOO SMALL AND SOME WILL NOT SPEND NOR WILL RATE CUTS WORK AS INFLATION NOT CONTROLLED AND CONSUMER/CORPORATE CONFIDENCE DOWN, DOLLAR DOWN, OIL UP TO CLOSE AT $93.27, ANOTHER ANALYST SAYS INCREASE IN WHOLESALE INVENTORIES AND INCREASED MORTGAGE AND CREDIT CARD DEFAULTS WILL SURPRISE TO THE DOWNSIDE AND OTHER THAN AN OCCASIONAL SHORT–COVERING RALLY NOT MUCH UPSIDE MOMENTUM EVEN WITH (HYPERINFLATIONARY) PUMP-PRIMING BY FED, DOLLAR DOWN, RETAIL SALES WEAKEST IN 40 YEARS, GLOOMY OUTLOOKS FROM BOTH CISCO AND WALMART (JANUARY SALES AT .5% UP FAR LESS THAN EXPECTATIONS) RALLIES BOTH STOCKS, ANOTHER ANALYST SAYS ALREADY IN RECESSION, R.E. EXPERT/ANALYST SAYS ANOTHER 15% DECLINE IN HOME PRICES FOR 2008 WHILE ANOTHER ANALYST SAYS DECLINING REAL ESTATE PRICES INTO 2009, ON TODAYS UP MARKET ANALYST SAYS THEY’RE TRYING TO MAKE A SILK PURSE FROM A SOW’S EAR IN LIGHT OF BAD ECONOMIC AND FINANCIAL NUMBERS, UNEMPLOYMENT ROLLS HIGHEST SINCE JUST AFTER KATRINA, ECONOMIST SAYS STIMULUS PLAN WILL NOT WORK SINCE SAME DOES NOT ADDRESS THE UNDERLYING PROBLEMS ALTHOUGH BULL S**T TALKING POINT SPIKES STOCK PRICES ON NEWS OF SENATE RESOLUTION, DOWNGRADES ON GM AND FORD CITING ACCELERATING WEAKNESS OF CONSUMERS/SPENDING, TOLL BROTHERS HOUSING CONTRACTS DOWN 46% AND CEO SAYS HE SEES NO END TO THE TURMOIL IN SIGHT, TIME WARNER NET DOWN 41% AND DISNEY NET DOWN 26% BUT BETTER THAN EXPECTED…..RIIIIIGHT…..STILL BACKWARD LOOKING AT FOURTH QUARTER WHEN SAME HAS BEEN OPTIMALLY DISCOUNTED ALREADY, TWO FED BANK PRESIDENTS SAY THEY MUST REMAIN VIGILANT AGAINST(HYPER)INFLATION (THEY KNOW FED’S BEEN PRINTING DOLLARS LIKE MAD), MACY’S TO CUT JOBS ON POOR RESULTS/OUTLOOK, AFTER THE BELL-LESS THAN ROSY OUTLOOK BY CISCO, fake (GOVERNMENT) report on productivity down to low 1.8% from 6% previously but still better than expected, ONE ANALYST SAYS GLOBAL SELLING OF DOLLAR DENOMINATED ASSETS/StOCKS, ANOTHER SAYS BEAR MARKET AND ALL SECTORS/GROUPS DOWN, THE ism (non-government report) service sector (now 2/3 of u.s. economy) index drops in january, 2008 far below expectations to 41.9 (less than 50% indicates contraction), more downgrades of consumer finance companies and banks, ken shreve of investors business daily says significant institutional selling and stock prices have not seen bottom yet, jeff lacker of richmond fed now uttering the ‘r’ word (recession), $3 Trillion budget with $400+ billion budget deficit, oil inventories up on fake (GOVERNMENT) report, factory orders up 2.3% on fake (GOVERNMENT) report and 2007 worse year since 2003, 200 lenders went out of business in 2007, another rate cut already discounted but rates up, MONOPOLY COMPANY (WITH MONEY TO BURN AND WITH SIGNIFICANT OVERSEAS EARNINGS) MICROSOFT’S RICH TAKEOVER BID FOR YAHOO (IF THEY DO FOR YAHOO MAIL WHAT THEY DO FOR THEIR OWN HOTMAIL, DISASTER IN THE MAKING AND DON’T FORGET THE EXPERTS WHO UNIVERSALLY PAN THEIR MONEY-MAKING VISTA) SPURred IRRATIONALLY EXUBERANT STOCK PRICE RALLY DESPITE UNEXPECTEDLY LARGE LOSS OF 17,000 JOBS (A GAIN OF 70-80 THOUSAND WAS EXPECTED-LOSSES IN MANUFACTURING, CONSTRUCTION, FINANCE, AND EVEN BROKE GOVERNMENT SECTOR), CONSTRUCTION SPENDING DOWN, MORE BANK AND BOND COMPANY LOSSES ACKNOWLEDGED TO COME, MORE BACKWARD-LOOKING (TO fourth quarter) earnings b.s. talking points; ECONOMIST DR. IRVING KELLNER WHO SAYS WE’RE ALREADY IN RECESSION FURTHER POINTS OUT THAT STIMULUS PLAN AND RATE CUTS WON’T WORK SINCE THEY DON’T ADDRESS THE PROBLEM WHICH INCLUDES VALUATION OF MORTGAGE BACKED SECURITIES AND CONSEQUENT LOSSES TO BOND INSURERS, BANKS, ETC., AND PREDICTS FURTHER PRICE EROSION (-15-20%) IN REAL ESTATE PRICES COUNTRYWIDE; stimulus plan washington incompetents and dumbya bush (protect those incumbents with more bull s**t/spin/fraud) pledging more money they don’t have (print more/borrow more – hyperinflationary and stagflation - the fact is that they couldn’t borrow/print enough to remedy ie., the subprime fraud, etc.), one analyst recently explained that even as the DOW recently had hit new highs in u.s. as measured in real money, ie., gold, foreign currencies, etc., the DOW has actually fallen 70%, all of which foreign currencies are stronger against the weak dollar which will continue to decline which creates hyperinflation and exodus from same by global investors except those who are picking up prime u.s. financial assets on the cheap owing to u.s. desperation and greed (pay packages, compensation, etc.), P/E ratio analysis/comparison no longer apposite in light of declining dollar/fake reports/inflation which should be reflected in same (but is not), DOLLAR WAS DOWN SHARPLY ON NEWS OF CUT (HYPERINFLATIONARY - IT TAKES MORE WORTHLESS DOLLARS TO BUY ANYTHING, AS PANICKY FED LOOKS THE OTHER WAY), AS GOLD PREVIOUSLY HIT NEW INTRA-DAY RECORD HIGH AT $954.40 [CLOSED THIS DAY AT $940.50/SILVER $18.09/PLATINUM $2,153] AS DID PLATINUM ALONG WITH OTHER METALS/COMMODITIES AND OIL HIT OVER $100 (CLOSED AT $98.81 THIS DAY), AN ANALYST SAYS WE’RE IN AN EARNINGS RECESSION AND HE IS ON THE BEAR SIDE OF THE LEGER, GOVERNMENT REPORTS LESS THAN EXPECTED GDP GROWTH IN FOURTH QUARTER AT .6% WHICH PROBABLY MEANS NEGATIVE SINCE THE GOVERNMENT LIES ABOUT ALMOST EVERYTHING, CASE/Shiller index-home prices fell 97% in fourth quarter, new home sales down a record 26% in 2007 (-4.7% in December, 2007), another analyst says we’re in recession while another says inflation is a significant problem moving forward (stagflation), dollar down, incumbents (just in time for the election) hoping to divert attention from their failed policies domestically, geopolitically, economically and otherwise as spending money they don’t have (they’re printing same and borrowing like crazy) will increase deficits and along with lower interest rates lower the value of the already worthless/internationally scorned dollar and dollar denominated assets including stocks (which rallied today despite the bad news) while as expected, hyperinflationary effects on oil, gold, commodity, etc., prices already immediately evident in today’s trading. 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 plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure SUBSTANTIALLY EXCEEDING EXPECTATIONS of PRIVATE SECTOR JOB GAINS (130,000). MERRILL LYNCH DOWNGRADED. UBS ANOTHER $14 BILLION IN WRITE-DOWNS ALONG WITH ANOTHER $8 BILLION FROM SOCIETE GENERALE. BOND INSURERS DOWNGRADES (WHICH WILL COST BANKS ANOTHER $40 BILLION) AND SEE ANOTHER $11 BILLION IN LOSSES. The MANTRA is the so-called stimulus plan, the logistics and length of time involved in Katrina-like execution guarantee only to forestall recognition of and accountability for ineptitude/corruption that leaves america, unlike during the great depression when america was neither globally hated nor broke as today, with a Weimar-Republic-like currency and continued failed leadership/policies and obfuscation of existing unsolved problems through blatant falsehoods, false data/reports,corruption, etc.. Housing prices for the first time since the great depression have fallen significantly and nationally. ALL PROBLEMS REMAIN. NOTHING HAS BEEN SOLVED. NOTHING HAS CHANGED except to give bull s**t/spin talking points to those responsible for u.s. decline. (ECONOMIST DR. IRVING KELLNER, MERRIL LYNCH ECONOMIST, AMONG OTHERS…..ALREADY IN RECESSION), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN THIRD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence near lows, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, 4th quarter earnings discounted long ago, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, lunatics’/suckers’ bear market rally TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING (DOW +96, NASDAQ +3, S&P+10). 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street].

(2-21-08) (DOW -143, NASDAQ -27, S&P-18) LEADING ECONOMIC INDICATORS FALL 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% YET TO COME, COMMODITIES/METALS UP; LUNAR ECLIPSE FULL MOON EFFECT (2-20-08) SPARKS lunatics’/suckers’ bear market RALLY (200 POINT SWING TO UPSIDE) ON WORSE THAN EXPECTED NEWS, INFLATION (PROBABLY HIGHER THAN REPORTED) EXCEEDS EXPECTATIONS WITH CORE RATE UP 3% AND HEADLINE RATE UP 4.3%, KKR FOR SECOND TIME DELAYS REPAYMENT OF COMMERCIAL PAPER, FAKE REPORT ON NEW CONSTRUCTION (UNSELLABLE CONDOS/CONVERSIONS) UP .8% BUT BUILDING APPLICATIONS/PERMITS DOWN HEFTY 3% (WORSE SINCE 1991), FED MINUTES SAY ECONOMY WILL DECLINE/SLOW FASTER THAN PREVIOUSLY EXPECTED WITH HIGHER UNEMPLOYMENT AND INFLATION HENCE STAGFLATION AS WELL AS HOUSING WEAKNESS TO CONTINUE, ZOGBY POLL-MORE THAN HALF OF AMERICANS SAY RECESSION THIS YEAR BECAUSE WE’RE ALREADY IN RECESSION DESPITE ELECTION YEAR INCUMBENT SPIN, NEW RECORD HIGH OIL PRICES AND DOLLAR WEAKNESS, THINGS SO BAD THAT MORE CONTRAINDICATED RATE CUTS (HYPERINFLATIONARY IN LIGHT OF MORE WORTHLESS DOLLARS) ARE EXPECTED, ONE REAL ESTATE ANALYST SAYS OFFICE AND RETAIL NOW BEING HIT INDICATIVE OF MUCH MORE PAIN TO COME, HEWLETT PACKARD WITH SIGNIFICANT OVERSEAS SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) RALLIES NASDAQ, THIS MARKET IS FRAUD IN THE FACTUM AND INDUCEMENT; WALMART RALLIES COMMISSIONS PRODUCING UPSWING BY MATCHING EXPECTATIONS (WHAT- FOR INCREASED TRADE DEFICIT WITH CHINA, SAYS DISCOUNTS SPURRED SALES TO RESCUE DISMAL HOLIDAY SEASON, CROWDS OUT OTHER RETAILERS, OUTLOOK CAUTIOUS) WAS BACKWARD LOOKING AGAIN TO FOURTH QUARTER FOLLOWED BY HIGH OIL PRICE RALLY AS DOLLAR WAS DOWN SHARPLY (HYPERINFLATIONARY - IT TAKES MORE WORTHLESS DOLLARS TO BUY ANYTHING AS PANICKY FED LOOKS THE OTHER WAY), ONE ANALYST SAYS WE’VE NOT SEEN MARKET BOTTOM YET, WHILE ANOTHER (OIL) ANALYST SAYS WE’VE NOT SEEN MARKET TOP (FOR OIL PRICES) YET, CREDIT SWISSE TO WRITE DOWN $2.8 BILLION IN OVERVALUED ASSETS/SUSPENDS TRADERS, Institutional Money Continues to Flow Out of Stocks, Credit Crisis Losses Will Put Black Monday in the Shade , ANALYSTS/FINANCIAL REPORTERS PUZZLED OVER CRAZY LACK OF REACTION ON WALL STREET TO UNEXPECTEDLY NEGATIVE ECONOMIC DATA/NEWS (ON 2-15-08) WHICH SURPRISE IS WHAT ONE EXPECTS WHEN WITNESSING CRAZY BEHAVIOR UNTIL THEY REALIZE THEY ARE IN THE PSYCHO WARD OF AN INSTITUTION WHICH IS WALL STREET THE INSTITUTION FOR THE CRIMINALLY INSANE PROPELLED BY GREED/FRAUD, Citigroup bars investor exits from hedge fund , Bleak economic reports signal recession, CONSUMER SENTIMENT INDEX DOWN FAR BELOW EXPECTATIONS (16 YEAR LOW) AND ALWAYS HAS INDICATED RECESSION, NEW YORK MANUFACTURING INDEX DOWN SHARPLY AND 3 TIMES WORSE THAN EXPECTED, IMPORTED GOODS PRICE INDEX UP MORE THAN EXPECTED 1.7%, ONE RESPECTED ANALYST SAYS ALREADY IN RECESSION AND BEAR MARKETAND HOLD CASH AND DON’T TRY TO ‘CATCH THE FALLING KNIFE’, ANOTHER ANALYST SAYS GLOBAL BEAR MARKET AND A LOT OF NEGATIVE NEWS HASN’T YET HIT ECONOMY AND BANKS WEAK ON WRITEDOWNS AND BORROWING COSTS, OIL ANALYST SEES $100 OIL, BEST BUY LOWERS 2008 GUIDANCE/OUTLOOK, SOBERING VIEW OF DETERIORATING ECONOMY FROM BERNANKE (WHO INHERITED SAME FROM B.S. ARTIST/INCOMPETENT GREENSPAN – REMEMBER THE ENVY OF ALL THE WORLD SPEECHES…..RIIIIIGHT…..IF MEASURED IN DEFICITS, WORTHLESSNESS OF CURRENCY, ETC.) AS ECONOMIC PROSPECTS FOR THE ECONOMY HAVE DETERIORATED BEYOND EXPECTATION AND THAT CONSUMER SPENDING WILL BE SIGNIFICANTLY IMPACTED TO THE DOWNSIDE, UBS WITH MORE WRITEDOWNS($13BILLION)/LOSSES/NEGATIVE GUIDANCE, FGIC BOND INSURER DOWNGRADE BY MOODY’S, HOME PRICES FELL A QUARTERLY RECORD 5.8% (-17% IN BUBBLE BANANA REPUBLIC CALIFORNIA), ONE ANALYST SAYS BOTTOM FISHING IN A MARKET AS THIS IS LIKE ‘TRYING TO CATCH A FALLING KNIFE’, FALSE REPORTS FROM GOVERNMENT NO HELP, FIRST BASED ON MULTINATIONAL ‘DEFENSIVE’ STOCK WITH SIGNIFICANT OVERSEAS SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) COCA COLA RALLIES STOCKS, THEN SCANDAL-SCARRED, CORRUPT COMMERCE DEPARTMENT OF THE LIE-PRONE U.S. GOVERNMENT (THEY LIE ABOUT ALMOST EVERYTHING) WHICH LIES HAVE LED TO WAR CRIMES, NATIONAL DECLINE, SUB-PRIME MELTDOWN, HUGE FRAUDS, ETC., AS STOCKS RALLY FURTHER WITH FALSE GOV’T REPORT OF JANUARY RETAIL SALES 200% (UP A WEAK .3% INSTEAD OF DOWN .3% - ALL ACTUAL REPORTS IN JANUARY WERE DOWN - THE AUTO COMPANIES/DEALERS KNOW HOW MANY CARS AND OTHER RETALILERS HOW MANY GOODS THEY’VE SOLD) BETTER THAN EXPECTED BY ECONOMISTS, ETC., NEXT WAVE OF IRRATIONAL EXUBERANCE/FURTHER/FRAUD CAME WITH BUSH SIGNING THE ECONOMICALLY INNEFECTIVE ELECTION-YEAR STIMULOUS PLAN WHICH HAS BEEN DISCOUNTED IRRATIONALLY TO THE UPSIDE MANY TIMES ALREADY, ONE ANALYST SAYS RETAIL SALES NUMBER BY COMMERCE DEPARTMENT NOT TO BE BELIEVED AND FINANCIALS WILL REMAIN A MINEFIELD WITH MORE DOWNGRADES AND DOLLAR WILL CONTINUE TO BE UNDER PRESSURE WITH INFLATIONARY EFFECT AND NEW WALL STREET STRATEGY SEEMS TO BE BUY INTO THE BAD NEWS (RIIIIIGHT!)AND THE LOW VOLUME RALLY SUSPECT (SINCE BASED UPON NOTHING WHATSOEVER), ANOTHER R.E. ANALYST SAYS REAL ESTATE WEAKNESS WILL CONTINUE, OVER 200 POINT SWING TO THE POSITIVE (ON 2-11-08) ALONG WITH SUCKERS’ BEAR MARKET/SHORT COVERING RALLIES BASED ON NOTHING BUT BULL S**T ALONE, REINSURANCE BY BERKSHIRE BUFFET TOO EXPENSIVE (AND LIMITED TO MUNICIPALS) TO HELP AND REJECTED BY SOME BOND INSURERS IS STILL B.S. TALKING POINT FOR THE FRAUDS ON WALL STREET AS IS THE 30 DAY EXTENSION FOR DEFAULTS/FORECLOSURES SINCE 95% DON’T QUALIFY FOR WORKOUT AND FOR WHICH PROPERTIES HAVE NO EQUITY WHATSOEVER, ONE ANALYST SAYS GM WHICH REPORTED RECORD $38.7 BILLION 2007 LOSS ALONG WITH FORD HAVE NO BOOK VALUE AFTER REMOVING GOOD WILL (THEY’RE BROKE!), ONE BANK REPORTS FIRST LOSS EVER AND CUTS DIVIDEND RALLYING THE STOCK (RIIIIIGHT), PREVIOUS HIGH OIL PRICES RALLY STOCKS (RIIIIIGHT), AIG DOWN 11% ON DOWNGRADE/HIGHER THAN EXPECTED LOSSES IN ASSETS/SUBPRIME DERIVATIVES, ONE ANALYST/TRADER SAYS SELL INTO RALLIES WHILE ANOTHER SAYS STIMULUS PLAN JUST ELECTION YEAR SHOW AND WON’T DO ANYTHING BUT INCREASE BUDGET DEFICIT AND AT BEST INCREASE TRADE DEFICIT (PLASMA TV’S, ETC.), BOND INSURER SECURITY CAPITAL DOWNGRADED, ONE ANALYST QUOTES JOHN TEMPLETON (WHO HAPPENS TO HAVE SAID THE MARKET IS GOING TO CRASH) AND SAYS IN EFFECT THAT VOLATILE MARKETS AHEAD, EMERGING/GLOBAL MARKETS/COMMODITY EXPORTERS WILL FARE BEST, ECONOMIST SAYS STIMULUS PACKAGE WILL NOT WORK SINCE TOO SMALL AND SOME WILL NOT SPEND NOR WILL RATE CUTS WORK AS INFLATION NOT CONTROLLED AND CONSUMER/CORPORATE CONFIDENCE DOWN, DOLLAR DOWN, OIL UP TO CLOSE AT $93.27, ANOTHER ANALYST SAYS INCREASE IN WHOLESALE INVENTORIES AND INCREASED MORTGAGE AND CREDIT CARD DEFAULTS WILL SURPRISE TO THE DOWNSIDE AND OTHER THAN AN OCCASIONAL SHORT–COVERING RALLY NOT MUCH UPSIDE MOMENTUM EVEN WITH (HYPERINFLATIONARY) PUMP-PRIMING BY FED, DOLLAR DOWN, RETAIL SALES WEAKEST IN 40 YEARS, GLOOMY OUTLOOKS FROM BOTH CISCO AND WALMART (JANUARY SALES AT .5% UP FAR LESS THAN EXPECTATIONS) RALLIES BOTH STOCKS, ANOTHER ANALYST SAYS ALREADY IN RECESSION, R.E. EXPERT/ANALYST SAYS ANOTHER 15% DECLINE IN HOME PRICES FOR 2008 WHILE ANOTHER ANALYST SAYS DECLINING REAL ESTATE PRICES INTO 2009, ON TODAYS UP MARKET ANALYST SAYS THEY’RE TRYING TO MAKE A SILK PURSE FROM A SOW’S EAR IN LIGHT OF BAD ECONOMIC AND FINANCIAL NUMBERS, UNEMPLOYMENT ROLLS HIGHEST SINCE JUST AFTER KATRINA, ECONOMIST SAYS STIMULUS PLAN WILL NOT WORK SINCE SAME DOES NOT ADDRESS THE UNDERLYING PROBLEMS ALTHOUGH BULL S**T TALKING POINT SPIKES STOCK PRICES ON NEWS OF SENATE RESOLUTION, DOWNGRADES ON GM AND FORD CITING ACCELERATING WEAKNESS OF CONSUMERS/SPENDING, TOLL BROTHERS HOUSING CONTRACTS DOWN 46% AND CEO SAYS HE SEES NO END TO THE TURMOIL IN SIGHT, TIME WARNER NET DOWN 41% AND DISNEY NET DOWN 26% BUT BETTER THAN EXPECTED…..RIIIIIGHT…..STILL BACKWARD LOOKING AT FOURTH QUARTER WHEN SAME HAS BEEN OPTIMALLY DISCOUNTED ALREADY, TWO FED BANK PRESIDENTS SAY THEY MUST REMAIN VIGILANT AGAINST(HYPER)INFLATION (THEY KNOW FED’S BEEN PRINTING DOLLARS LIKE MAD), MACY’S TO CUT JOBS ON POOR RESULTS/OUTLOOK, AFTER THE BELL-LESS THAN ROSY OUTLOOK BY CISCO, fake (GOVERNMENT) report on productivity down to low 1.8% from 6% previously but still better than expected, ONE ANALYST SAYS GLOBAL SELLING OF DOLLAR DENOMINATED ASSETS/StOCKS, ANOTHER SAYS BEAR MARKET AND ALL SECTORS/GROUPS DOWN, THE ism (non-government report) service sector (now 2/3 of u.s. economy) index drops in january, 2008 far below expectations to 41.9 (less than 50% indicates contraction), more downgrades of consumer finance companies and banks, ken shreve of investors business daily says significant institutional selling and stock prices have not seen bottom yet, jeff lacker of richmond fed now uttering the ‘r’ word (recession), $3 Trillion budget with $400+ billion budget deficit, oil inventories up on fake (GOVERNMENT) report, factory orders up 2.3% on fake (GOVERNMENT) report and 2007 worse year since 2003, 200 lenders went out of business in 2007, another rate cut already discounted but rates up, MONOPOLY COMPANY (WITH MONEY TO BURN AND WITH SIGNIFICANT OVERSEAS EARNINGS) MICROSOFT’S RICH TAKEOVER BID FOR YAHOO (IF THEY DO FOR YAHOO MAIL WHAT THEY DO FOR THEIR OWN HOTMAIL, DISASTER IN THE MAKING AND DON’T FORGET THE EXPERTS WHO UNIVERSALLY PAN THEIR MONEY-MAKING VISTA) SPURred IRRATIONALLY EXUBERANT STOCK PRICE RALLY DESPITE UNEXPECTEDLY LARGE LOSS OF 17,000 JOBS (A GAIN OF 70-80 THOUSAND WAS EXPECTED-LOSSES IN MANUFACTURING, CONSTRUCTION, FINANCE, AND EVEN BROKE GOVERNMENT SECTOR), CONSTRUCTION SPENDING DOWN, MORE BANK AND BOND COMPANY LOSSES ACKNOWLEDGED TO COME, MORE BACKWARD-LOOKING (TO fourth quarter) earnings b.s. talking points; ECONOMIST DR. IRVING KELLNER WHO SAYS WE’RE ALREADY IN RECESSION FURTHER POINTS OUT THAT STIMULUS PLAN AND RATE CUTS WON’T WORK SINCE THEY DON’T ADDRESS THE PROBLEM WHICH INCLUDES VALUATION OF MORTGAGE BACKED SECURITIES AND CONSEQUENT LOSSES TO BOND INSURERS, BANKS, ETC., AND PREDICTS FURTHER PRICE EROSION (-15-20%) IN REAL ESTATE PRICES COUNTRYWIDE; stimulus plan washington incompetents and dumbya bush (protect those incumbents with more bull s**t/spin/fraud) pledging more money they don’t have (print more/borrow more – hyperinflationary and stagflation - the fact is that they couldn’t borrow/print enough to remedy ie., the subprime fraud, etc.), one analyst recently explained that even as the DOW recently had hit new highs in u.s. as measured in real money, ie., gold, foreign currencies, etc., the DOW has actually fallen 70%, all of which foreign currencies are stronger against the weak dollar which will continue to decline which creates hyperinflation and exodus from same by global investors except those who are picking up prime u.s. financial assets on the cheap owing to u.s. desperation and greed (pay packages, compensation, etc.), P/E ratio analysis/comparison no longer apposite in light of declining dollar/fake reports/inflation which should be reflected in same (but is not), DOLLAR WAS DOWN SHARPLY ON NEWS OF CUT (HYPERINFLATIONARY - IT TAKES MORE WORTHLESS DOLLARS TO BUY ANYTHING, AS PANICKY FED LOOKS THE OTHER WAY), AS GOLD PREVIOUSLY HIT NEW INTRA-DAY RECORD HIGH AT $954.40 [CLOSED THIS DAY AT $949.20 - NEW RECORD /SILVER $17.95/PLATINUM $2,188.20-NEW RECORD] AS DID PLATINUM ALONG WITH OTHER METALS/COMMODITIES AND OIL HIT OVER $100 (CLOSED AT $98.23 THIS DAY), AN ANALYST SAYS WE’RE IN AN EARNINGS RECESSION AND HE IS ON THE BEAR SIDE OF THE LEGER, GOVERNMENT REPORTS LESS THAN EXPECTED GDP GROWTH IN FOURTH QUARTER AT .6% WHICH PROBABLY MEANS NEGATIVE SINCE THE GOVERNMENT LIES ABOUT ALMOST EVERYTHING, CASE/Shiller index-home prices fell 97% in fourth quarter, new home sales down a record 26% in 2007 (-4.7% in December, 2007), another analyst says we’re in recession while another says inflation is a significant problem moving forward (stagflation), dollar down, incumbents (just in time for the election) hoping to divert attention from their failed policies domestically, geopolitically, economically and otherwise as spending money they don’t have (they’re printing same and borrowing like crazy) will increase deficits and along with lower interest rates lower the value of the already worthless/internationally scorned dollar and dollar denominated assets including stocks (which rallied today despite the bad news) while as expected, hyperinflationary effects on oil, gold, commodity, etc., prices already immediately evident in today’s trading. 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 plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure SUBSTANTIALLY EXCEEDING EXPECTATIONS of PRIVATE SECTOR JOB GAINS (130,000). MERRILL LYNCH DOWNGRADED. UBS ANOTHER $14 BILLION IN WRITE-DOWNS ALONG WITH ANOTHER $8 BILLION FROM SOCIETE GENERALE. BOND INSURERS DOWNGRADES (WHICH WILL COST BANKS ANOTHER $40 BILLION) AND SEE ANOTHER $11 BILLION IN LOSSES. The MANTRA is the so-called stimulus plan, the logistics and length of time involved in Katrina-like execution guarantee only to forestall recognition of and accountability for ineptitude/corruption that leaves america, unlike during the great depression when america was neither globally hated nor broke as today, with a Weimar-Republic-like currency and continued failed leadership/policies and obfuscation of existing unsolved problems through blatant falsehoods, false data/reports,corruption, etc.. Housing prices for the first time since the great depression have fallen significantly and nationally. ALL PROBLEMS REMAIN. NOTHING HAS BEEN SOLVED. NOTHING HAS CHANGED except to give bull s**t/spin talking points to those responsible for u.s. decline. (ECONOMIST DR. IRVING KELLNER, MERRIL LYNCH ECONOMIST, AMONG OTHERS…..ALREADY IN RECESSION), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN THIRD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence near lows, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, 4th quarter earnings discounted long ago, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, lunatics’/suckers’ bear market rally gives way to overwhelmingly bad economic news on top of previously ignored negative news (DOW -143, NASDAQ -27, S&P -18) as stocks drop modestly relative to reality. 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street].

(2-20-08) (DOW +90, NASDAQ +20, S&P+11) LUNAR ECLIPSE FULL MOON EFFECT SPARKS lunatics’/suckers’ bear market RALLY (200 POINT SWING TO UPSIDE) ON WORSE THAN EXPECTED NEWS, INFLATION (PROBABLY HIGHER THAN REPORTED) EXCEEDS EXPECTATIONS WITH CORE RATE UP 3% AND HEADLINE RATE UP 4.3%, KKR FOR SECOND TIME DELAYS REPAYMENT OF COMMERCIAL PAPER, FAKE REPORT ON NEW CONSTRUCTION (UNSELLABLE CONDOS/CONVERSIONS) UP .8% BUT BUILDING APPLICATIONS/PERMITS DOWN HEFTY 3% (WORSE SINCE 1991), FED MINUTES SAY ECONOMY WILL DECLINE/SLOW FASTER THAN PREVIOUSLY EXPECTED WITH HIGHER UNEMPLOYMENT AND INFLATION HENCE STAGFLATION AS WELL AS HOUSING WEAKNESS TO CONTINUE, ZOGBY POLL-MORE THAN HALF OF AMERICANS SAY RECESSION THIS YEAR BECAUSE WE’RE ALREADY IN RECESSION DESPITE ELECTION YEAR INCUMBENT SPIN, NEW RECORD HIGH OIL PRICES AND DOLLAR WEAKNESS, THINGS SO BAD THAT MORE CONTRAINDICATED RATE CUTS (HYPERINFLATIONARY IN LIGHT OF MORE WORTHLESS DOLLARS) ARE EXPECTED, ONE REAL ESTATE ANALYST SAYS OFFICE AND RETAIL NOW BEING HIT INDICATIVE OF MUCH MORE PAIN TO COME, HEWLETT PACKARD WITH SIGNIFICANT OVERSEAS SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) RALLIES NASDAQ, THIS MARKET IS FRAUD IN THE FACTUM AND INDUCEMENT; WALMART RALLIES COMMISSIONS PRODUCING UPSWING BY MATCHING EXPECTATIONS (WHAT- FOR INCREASED TRADE DEFICIT WITH CHINA, SAYS DISCOUNTS SPURRED SALES TO RESCUE DISMAL HOLIDAY SEASON, CROWDS OUT OTHER RETAILERS, OUTLOOK CAUTIOUS) WAS BACKWARD LOOKING AGAIN TO FOURTH QUARTER FOLLOWED BY HIGH OIL PRICE RALLY AS DOLLAR WAS DOWN SHARPLY (HYPERINFLATIONARY - IT TAKES MORE WORTHLESS DOLLARS TO BUY ANYTHING AS PANICKY FED LOOKS THE OTHER WAY), ONE ANALYST SAYS WE’VE NOT SEEN MARKET BOTTOM YET, WHILE ANOTHER (OIL) ANALYST SAYS WE’VE NOT SEEN MARKET TOP (FOR OIL PRICES) YET, CREDIT SWISSE TO WRITE DOWN $2.8 BILLION IN OVERVALUED ASSETS/SUSPENDS TRADERS, Institutional Money Continues to Flow Out of Stocks, Credit Crisis Losses Will Put Black Monday in the Shade , ANALYSTS/FINANCIAL REPORTERS PUZZLED OVER CRAZY LACK OF REACTION ON WALL STREET TO UNEXPECTEDLY NEGATIVE ECONOMIC DATA/NEWS (ON 2-15-08) WHICH SURPRISE IS WHAT ONE EXPECTS WHEN WITNESSING CRAZY BEHAVIOR UNTIL THEY REALIZE THEY ARE IN THE PSYCHO WARD OF AN INSTITUTION WHICH IS WALL STREET THE INSTITUTION FOR THE CRIMINALLY INSANE PROPELLED BY GREED/FRAUD, Citigroup bars investor exits from hedge fund , Bleak economic reports signal recession, CONSUMER SENTIMENT INDEX DOWN FAR BELOW EXPECTATIONS (16 YEAR LOW) AND ALWAYS HAS INDICATED RECESSION, NEW YORK MANUFACTURING INDEX DOWN SHARPLY AND 3 TIMES WORSE THAN EXPECTED, IMPORTED GOODS PRICE INDEX UP MORE THAN EXPECTED 1.7%, ONE RESPECTED ANALYST SAYS ALREADY IN RECESSION AND BEAR MARKETAND HOLD CASH AND DON’T TRY TO ‘CATCH THE FALLING KNIFE’, ANOTHER ANALYST SAYS GLOBAL BEAR MARKET AND A LOT OF NEGATIVE NEWS HASN’T YET HIT ECONOMY AND BANKS WEAK ON WRITEDOWNS AND BORROWING COSTS, OIL ANALYST SEES $100 OIL, BEST BUY LOWERS 2008 GUIDANCE/OUTLOOK, SOBERING VIEW OF DETERIORATING ECONOMY FROM BERNANKE (WHO INHERITED SAME FROM B.S. ARTIST/INCOMPETENT GREENSPAN – REMEMBER THE ENVY OF ALL THE WORLD SPEECHES…..RIIIIIGHT…..IF MEASURED IN DEFICITS, WORTHLESSNESS OF CURRENCY, ETC.) AS ECONOMIC PROSPECTS FOR THE ECONOMY HAVE DETERIORATED BEYOND EXPECTATION AND THAT CONSUMER SPENDING WILL BE SIGNIFICANTLY IMPACTED TO THE DOWNSIDE, UBS WITH MORE WRITEDOWNS($13BILLION)/LOSSES/NEGATIVE GUIDANCE, FGIC BOND INSURER DOWNGRADE BY MOODY’S, HOME PRICES FELL A QUARTERLY RECORD 5.8% (-17% IN BUBBLE BANANA REPUBLIC CALIFORNIA), ONE ANALYST SAYS BOTTOM FISHING IN A MARKET AS THIS IS LIKE ‘TRYING TO CATCH A FALLING KNIFE’, FALSE REPORTS FROM GOVERNMENT NO HELP, FIRST BASED ON MULTINATIONAL ‘DEFENSIVE’ STOCK WITH SIGNIFICANT OVERSEAS SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) COCA COLA RALLIES STOCKS, THEN SCANDAL-SCARRED, CORRUPT COMMERCE DEPARTMENT OF THE LIE-PRONE U.S. GOVERNMENT (THEY LIE ABOUT ALMOST EVERYTHING) WHICH LIES HAVE LED TO WAR CRIMES, NATIONAL DECLINE, SUB-PRIME MELTDOWN, HUGE FRAUDS, ETC., AS STOCKS RALLY FURTHER WITH FALSE GOV’T REPORT OF JANUARY RETAIL SALES 200% (UP A WEAK .3% INSTEAD OF DOWN .3% - ALL ACTUAL REPORTS IN JANUARY WERE DOWN - THE AUTO COMPANIES/DEALERS KNOW HOW MANY CARS AND OTHER RETALILERS HOW MANY GOODS THEY’VE SOLD) BETTER THAN EXPECTED BY ECONOMISTS, ETC., NEXT WAVE OF IRRATIONAL EXUBERANCE/FURTHER/FRAUD CAME WITH BUSH SIGNING THE ECONOMICALLY INNEFECTIVE ELECTION-YEAR STIMULOUS PLAN WHICH HAS BEEN DISCOUNTED IRRATIONALLY TO THE UPSIDE MANY TIMES ALREADY, ONE ANALYST SAYS RETAIL SALES NUMBER BY COMMERCE DEPARTMENT NOT TO BE BELIEVED AND FINANCIALS WILL REMAIN A MINEFIELD WITH MORE DOWNGRADES AND DOLLAR WILL CONTINUE TO BE UNDER PRESSURE WITH INFLATIONARY EFFECT AND NEW WALL STREET STRATEGY SEEMS TO BE BUY INTO THE BAD NEWS (RIIIIIGHT!)AND THE LOW VOLUME RALLY SUSPECT (SINCE BASED UPON NOTHING WHATSOEVER), ANOTHER R.E. ANALYST SAYS REAL ESTATE WEAKNESS WILL CONTINUE, OVER 200 POINT SWING TO THE POSITIVE (ON 2-11-08) ALONG WITH SUCKERS’ BEAR MARKET/SHORT COVERING RALLIES BASED ON NOTHING BUT BULL S**T ALONE, REINSURANCE BY BERKSHIRE BUFFET TOO EXPENSIVE (AND LIMITED TO MUNICIPALS) TO HELP AND REJECTED BY SOME BOND INSURERS IS STILL B.S. TALKING POINT FOR THE FRAUDS ON WALL STREET AS IS THE 30 DAY EXTENSION FOR DEFAULTS/FORECLOSURES SINCE 95% DON’T QUALIFY FOR WORKOUT AND FOR WHICH PROPERTIES HAVE NO EQUITY WHATSOEVER, ONE ANALYST SAYS GM WHICH REPORTED RECORD $38.7 BILLION 2007 LOSS ALONG WITH FORD HAVE NO BOOK VALUE AFTER REMOVING GOOD WILL (THEY’RE BROKE!), ONE BANK REPORTS FIRST LOSS EVER AND CUTS DIVIDEND RALLYING THE STOCK (RIIIIIGHT), PREVIOUS HIGH OIL PRICES RALLY STOCKS (RIIIIIGHT), AIG DOWN 11% ON DOWNGRADE/HIGHER THAN EXPECTED LOSSES IN ASSETS/SUBPRIME DERIVATIVES, ONE ANALYST/TRADER SAYS SELL INTO RALLIES WHILE ANOTHER SAYS STIMULUS PLAN JUST ELECTION YEAR SHOW AND WON’T DO ANYTHING BUT INCREASE BUDGET DEFICIT AND AT BEST INCREASE TRADE DEFICIT (PLASMA TV’S, ETC.), BOND INSURER SECURITY CAPITAL DOWNGRADED, ONE ANALYST QUOTES JOHN TEMPLETON (WHO HAPPENS TO HAVE SAID THE MARKET IS GOING TO CRASH) AND SAYS IN EFFECT THAT VOLATILE MARKETS AHEAD, EMERGING/GLOBAL MARKETS/COMMODITY EXPORTERS WILL FARE BEST, ECONOMIST SAYS STIMULUS PACKAGE WILL NOT WORK SINCE TOO SMALL AND SOME WILL NOT SPEND NOR WILL RATE CUTS WORK AS INFLATION NOT CONTROLLED AND CONSUMER/CORPORATE CONFIDENCE DOWN, DOLLAR DOWN, OIL UP TO CLOSE AT $93.27, ANOTHER ANALYST SAYS INCREASE IN WHOLESALE INVENTORIES AND INCREASED MORTGAGE AND CREDIT CARD DEFAULTS WILL SURPRISE TO THE DOWNSIDE AND OTHER THAN AN OCCASIONAL SHORT–COVERING RALLY NOT MUCH UPSIDE MOMENTUM EVEN WITH (HYPERINFLATIONARY) PUMP-PRIMING BY FED, DOLLAR DOWN, RETAIL SALES WEAKEST IN 40 YEARS, GLOOMY OUTLOOKS FROM BOTH CISCO AND WALMART (JANUARY SALES AT .5% UP FAR LESS THAN EXPECTATIONS) RALLIES BOTH STOCKS, ANOTHER ANALYST SAYS ALREADY IN RECESSION, R.E. EXPERT/ANALYST SAYS ANOTHER 15% DECLINE IN HOME PRICES FOR 2008 WHILE ANOTHER ANALYST SAYS DECLINING REAL ESTATE PRICES INTO 2009, ON TODAYS UP MARKET ANALYST SAYS THEY’RE TRYING TO MAKE A SILK PURSE FROM A SOW’S EAR IN LIGHT OF BAD ECONOMIC AND FINANCIAL NUMBERS, UNEMPLOYMENT ROLLS HIGHEST SINCE JUST AFTER KATRINA, ECONOMIST SAYS STIMULUS PLAN WILL NOT WORK SINCE SAME DOES NOT ADDRESS THE UNDERLYING PROBLEMS ALTHOUGH BULL S**T TALKING POINT SPIKES STOCK PRICES ON NEWS OF SENATE RESOLUTION, DOWNGRADES ON GM AND FORD CITING ACCELERATING WEAKNESS OF CONSUMERS/SPENDING, TOLL BROTHERS HOUSING CONTRACTS DOWN 46% AND CEO SAYS HE SEES NO END TO THE TURMOIL IN SIGHT, TIME WARNER NET DOWN 41% AND DISNEY NET DOWN 26% BUT BETTER THAN EXPECTED…..RIIIIIGHT…..STILL BACKWARD LOOKING AT FOURTH QUARTER WHEN SAME HAS BEEN OPTIMALLY DISCOUNTED ALREADY, TWO FED BANK PRESIDENTS SAY THEY MUST REMAIN VIGILANT AGAINST(HYPER)INFLATION (THEY KNOW FED’S BEEN PRINTING DOLLARS LIKE MAD), MACY’S TO CUT JOBS ON POOR RESULTS/OUTLOOK, AFTER THE BELL-LESS THAN ROSY OUTLOOK BY CISCO, fake (GOVERNMENT) report on productivity down to low 1.8% from 6% previously but still better than expected, ONE ANALYST SAYS GLOBAL SELLING OF DOLLAR DENOMINATED ASSETS/StOCKS, ANOTHER SAYS BEAR MARKET AND ALL SECTORS/GROUPS DOWN, THE ism (non-government report) service sector (now 2/3 of u.s. economy) index drops in january, 2008 far below expectations to 41.9 (less than 50% indicates contraction), more downgrades of consumer finance companies and banks, ken shreve of investors business daily says significant institutional selling and stock prices have not seen bottom yet, jeff lacker of richmond fed now uttering the ‘r’ word (recession), $3 Trillion budget with $400+ billion budget deficit, oil inventories up on fake (GOVERNMENT) report, factory orders up 2.3% on fake (GOVERNMENT) report and 2007 worse year since 2003, 200 lenders went out of business in 2007, another rate cut already discounted but rates up, MONOPOLY COMPANY (WITH MONEY TO BURN AND WITH SIGNIFICANT OVERSEAS EARNINGS) MICROSOFT’S RICH TAKEOVER BID FOR YAHOO (IF THEY DO FOR YAHOO MAIL WHAT THEY DO FOR THEIR OWN HOTMAIL, DISASTER IN THE MAKING AND DON’T FORGET THE EXPERTS WHO UNIVERSALLY PAN THEIR MONEY-MAKING VISTA) SPURred IRRATIONALLY EXUBERANT STOCK PRICE RALLY DESPITE UNEXPECTEDLY LARGE LOSS OF 17,000 JOBS (A GAIN OF 70-80 THOUSAND WAS EXPECTED-LOSSES IN MANUFACTURING, CONSTRUCTION, FINANCE, AND EVEN BROKE GOVERNMENT SECTOR), CONSTRUCTION SPENDING DOWN, MORE BANK AND BOND COMPANY LOSSES ACKNOWLEDGED TO COME, MORE BACKWARD-LOOKING (TO fourth quarter) earnings b.s. talking points; ECONOMIST DR. IRVING KELLNER WHO SAYS WE’RE ALREADY IN RECESSION FURTHER POINTS OUT THAT STIMULUS PLAN AND RATE CUTS WON’T WORK SINCE THEY DON’T ADDRESS THE PROBLEM WHICH INCLUDES VALUATION OF MORTGAGE BACKED SECURITIES AND CONSEQUENT LOSSES TO BOND INSURERS, BANKS, ETC., AND PREDICTS FURTHER PRICE EROSION (-15-20%) IN REAL ESTATE PRICES COUNTRYWIDE; stimulus plan washington incompetents and dumbya bush (protect those incumbents with more bull s**t/spin/fraud) pledging more money they don’t have (print more/borrow more – hyperinflationary and stagflation - the fact is that they couldn’t borrow/print enough to remedy ie., the subprime fraud, etc.), one analyst recently explained that even as the DOW recently had hit new highs in u.s. as measured in real money, ie., gold, foreign currencies, etc., the DOW has actually fallen 70%, all of which foreign currencies are stronger against the weak dollar which will continue to decline which creates hyperinflation and exodus from same by global investors except those who are picking up prime u.s. financial assets on the cheap owing to u.s. desperation and greed (pay packages, compensation, etc.), P/E ratio analysis/comparison no longer apposite in light of declining dollar/fake reports/inflation which should be reflected in same (but is not), DOLLAR WAS DOWN SHARPLY ON NEWS OF CUT (HYPERINFLATIONARY - IT TAKES MORE WORTHLESS DOLLARS TO BUY ANYTHING, AS PANICKY FED LOOKS THE OTHER WAY), AS GOLD PREVIOUSLY HIT NEW INTRA-DAY RECORD HIGH AT $942.20 [CLOSED (on 2-19-08) AT $929.80/SILVER $17.51/PLATINUM $2,153-NEW RECORD] AS DID PLATINUM ALONG WITH OTHER METALS/COMMODITIES AND OIL HIT OVER $93 (CLOSED AT $100.74 THIS DAY - NEW RECORD), AN ANALYST SAYS WE’RE IN AN EARNINGS RECESSION AND HE IS ON THE BEAR SIDE OF THE LEGER, GOVERNMENT REPORTS LESS THAN EXPECTED GDP GROWTH IN FOURTH QUARTER AT .6% WHICH PROBABLY MEANS NEGATIVE SINCE THE GOVERNMENT LIES ABOUT ALMOST EVERYTHING, CASE/Shiller index-home prices fell 97% in fourth quarter, new home sales down a record 26% in 2007 (-4.7% in December, 2007), another analyst says we’re in recession while another says inflation is a significant problem moving forward (stagflation), dollar down, incumbents (just in time for the election) hoping to divert attention from their failed policies domestically, geopolitically, economically and otherwise as spending money they don’t have (they’re printing same and borrowing like crazy) will increase deficits and along with lower interest rates lower the value of the already worthless/internationally scorned dollar and dollar denominated assets including stocks (which rallied today despite the bad news) while as expected, hyperinflationary effects on oil, gold, commodity, etc., prices already immediately evident in today’s trading. 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 plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure SUBSTANTIALLY EXCEEDING EXPECTATIONS of PRIVATE SECTOR JOB GAINS (130,000). MERRILL LYNCH DOWNGRADED. UBS ANOTHER $14 BILLION IN WRITE-DOWNS ALONG WITH ANOTHER $8 BILLION FROM SOCIETE GENERALE. BOND INSURERS DOWNGRADES (WHICH WILL COST BANKS ANOTHER $40 BILLION) AND SEE ANOTHER $11 BILLION IN LOSSES. The MANTRA is the so-called stimulus plan, the logistics and length of time involved in Katrina-like execution guarantee only to forestall recognition of and accountability for ineptitude/corruption that leaves america, unlike during the great depression when america was neither globally hated nor broke as today, with a Weimar-Republic-like currency and continued failed leadership/policies and obfuscation of existing unsolved problems through blatant falsehoods, false data/reports,corruption, etc.. Housing prices for the first time since the great depression have fallen significantly and nationally. ALL PROBLEMS REMAIN. NOTHING HAS BEEN SOLVED. NOTHING HAS CHANGED except to give bull s**t/spin talking points to those responsible for u.s. decline. (ECONOMIST DR. IRVING KELLNER, MERRIL LYNCH ECONOMIST, AMONG OTHERS…..ALREADY IN RECESSION), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN THIRD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence near lows, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, 4th quarter earnings discounted long ago, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, lunatics’/suckers’ bear market rally (DOW +90, NASDAQ +20, S&P +11) to keep the suckers suckered and computerized commission trade dollars flowing. 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street]. (2-19-08) (DOW –10, NASDAQ –16, S&P–1) WALMART RALLIES COMMISSIONS PRODUCING UPSWING BY MATCHING EXPECTATIONS (WHAT- FOR INCREASED TRADE DEFICIT WITH CHINA, SAYS DISCOUNTS SPURRED SALES TO RESCUE DISMAL HOLIDAY SEASON, CROWDS OUT OTHER RETAILERS, OUTLOOK CAUTIOUS) WAS BACKWARD LOOKING AGAIN TO FOURTH QUARTER FOLLOWED BY HIGH OIL PRICE RALLY AS DOLLAR WAS DOWN SHARPLY (HYPERINFLATIONARY - IT TAKES MORE WORTHLESS DOLLARS TO BUY ANYTHING AS PANICKY FED LOOKS THE OTHER WAY), ONE ANALYST SAYS WE’VE NOT SEEN MARKET BOTTOM YET, WHILE ANOTHER (OIL) ANALYST SAYS WE’VE NOT SEEN MARKET TOP (FOR OIL PRICES) YET, CREDIT SWISSE TO WRITE DOWN $2.8 BILLION IN OVERVALUED ASSETS/SUSPENDS TRADERS, Institutional Money Continues to Flow Out of Stocks, Credit Crisis Losses Will Put Black Monday in the Shade , ANALYSTS/FINANCIAL REPORTERS PUZZLED OVER CRAZY LACK OF REACTION ON WALL STREET TO UNEXPECTEDLY NEGATIVE ECONOMIC DATA/NEWS (ON 2-15-08) WHICH SURPRISE IS WHAT ONE EXPECTS WHEN WITNESSING CRAZY BEHAVIOR UNTIL THEY REALIZE THEY ARE IN THE PSYCHO WARD OF AN INSTITUTION WHICH IS WALL STREET THE INSTITUTION FOR THE CRIMINALLY INSANE PROPELLED BY GREED/FRAUD, Citigroup bars investor exits from hedge fund , Bleak economic reports signal recession, CONSUMER SENTIMENT INDEX DOWN FAR BELOW EXPECTATIONS (16 YEAR LOW) AND ALWAYS HAS INDICATED RECESSION, NEW YORK MANUFACTURING INDEX DOWN SHARPLY AND 3 TIMES WORSE THAN EXPECTED, IMPORTED GOODS PRICE INDEX UP MORE THAN EXPECTED 1.7%, ONE RESPECTED ANALYST SAYS ALREADY IN RECESSION AND BEAR MARKETAND HOLD CASH AND DON’T TRY TO ‘CATCH THE FALLING KNIFE’, ANOTHER ANALYST SAYS GLOBAL BEAR MARKET AND A LOT OF NEGATIVE NEWS HASN’T YET HIT ECONOMY AND BANKS WEAK ON WRITEDOWNS AND BORROWING COSTS, OIL ANALYST SEES $100 OIL, BEST BUY LOWERS 2008 GUIDANCE/OUTLOOK, SOBERING VIEW OF DETERIORATING ECONOMY FROM BERNANKE (WHO INHERITED SAME FROM B.S. ARTIST/INCOMPETENT GREENSPAN – REMEMBER THE ENVY OF ALL THE WORLD SPEECHES…..RIIIIIGHT…..IF MEASURED IN DEFICITS, WORTHLESSNESS OF CURRENCY, ETC.) AS ECONOMIC PROSPECTS FOR THE ECONOMY HAVE DETERIORATED BEYOND EXPECTATION AND THAT CONSUMER SPENDING WILL BE SIGNIFICANTLY IMPACTED TO THE DOWNSIDE, UBS WITH MORE WRITEDOWNS($13BILLION)/LOSSES/NEGATIVE GUIDANCE, FGIC BOND INSURER DOWNGRADE BY MOODY’S, HOME PRICES FELL A QUARTERLY RECORD 5.8% (-17% IN BUBBLE BANANA REPUBLIC CALIFORNIA), ONE ANALYST SAYS BOTTOM FISHING IN A MARKET AS THIS IS LIKE ‘TRYING TO CATCH A FALLING KNIFE’, FALSE REPORTS FROM GOVERNMENT NO HELP, FIRST BASED ON MULTINATIONAL ‘DEFENSIVE’ STOCK WITH SIGNIFICANT OVERSEAS SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) COCA COLA RALLIES STOCKS, THEN SCANDAL-SCARRED, CORRUPT COMMERCE DEPARTMENT OF THE LIE-PRONE U.S. GOVERNMENT (THEY LIE ABOUT ALMOST EVERYTHING) WHICH LIES HAVE LED TO WAR CRIMES, NATIONAL DECLINE, SUB-PRIME MELTDOWN, HUGE FRAUDS, ETC., AS STOCKS RALLY FURTHER WITH FALSE GOV’T REPORT OF JANUARY RETAIL SALES 200% (UP A WEAK .3% INSTEAD OF DOWN .3% - ALL ACTUAL REPORTS IN JANUARY WERE DOWN - THE AUTO COMPANIES/DEALERS KNOW HOW MANY CARS AND OTHER RETALILERS HOW MANY GOODS THEY’VE SOLD) BETTER THAN EXPECTED BY ECONOMISTS, ETC., NEXT WAVE OF IRRATIONAL EXUBERANCE/FURTHER/FRAUD CAME WITH BUSH SIGNING THE ECONOMICALLY INNEFECTIVE ELECTION-YEAR STIMULOUS PLAN WHICH HAS BEEN DISCOUNTED IRRATIONALLY TO THE UPSIDE MANY TIMES ALREADY, ONE ANALYST SAYS RETAIL SALES NUMBER BY COMMERCE DEPARTMENT NOT TO BE BELIEVED AND FINANCIALS WILL REMAIN A MINEFIELD WITH MORE DOWNGRADES AND DOLLAR WILL CONTINUE TO BE UNDER PRESSURE WITH INFLATIONARY EFFECT AND NEW WALL STREET STRATEGY SEEMS TO BE BUY INTO THE BAD NEWS (RIIIIIGHT!)AND THE LOW VOLUME RALLY SUSPECT (SINCE BASED UPON NOTHING WHATSOEVER), ANOTHER R.E. ANALYST SAYS REAL ESTATE WEAKNESS WILL CONTINUE, OVER 200 POINT SWING TO THE POSITIVE (ON 2-11-08) ALONG WITH SUCKERS’ BEAR MARKET/SHORT COVERING RALLIES BASED ON NOTHING BUT BULL S**T ALONE, REINSURANCE BY BERKSHIRE BUFFET TOO EXPENSIVE (AND LIMITED TO MUNICIPALS) TO HELP AND REJECTED BY SOME BOND INSURERS IS STILL B.S. TALKING POINT FOR THE FRAUDS ON WALL STREET AS IS THE 30 DAY EXTENSION FOR DEFAULTS/FORECLOSURES SINCE 95% DON’T QUALIFY FOR WORKOUT AND FOR WHICH PROPERTIES HAVE NO EQUITY WHATSOEVER, ONE ANALYST SAYS GM WHICH REPORTED RECORD $38.7 BILLION 2007 LOSS ALONG WITH FORD HAVE NO BOOK VALUE AFTER REMOVING GOOD WILL (THEY’RE BROKE!), ONE BANK REPORTS FIRST LOSS EVER AND CUTS DIVIDEND RALLYING THE STOCK (RIIIIIGHT), PREVIOUS HIGH OIL PRICES RALLY STOCKS (RIIIIIGHT), AIG DOWN 11% ON DOWNGRADE/HIGHER THAN EXPECTED LOSSES IN ASSETS/SUBPRIME DERIVATIVES, ONE ANALYST/TRADER SAYS SELL INTO RALLIES WHILE ANOTHER SAYS STIMULUS PLAN JUST ELECTION YEAR SHOW AND WON’T DO ANYTHING BUT INCREASE BUDGET DEFICIT AND AT BEST INCREASE TRADE DEFICIT (PLASMA TV’S, ETC.), BOND INSURER SECURITY CAPITAL DOWNGRADED, ONE ANALYST QUOTES JOHN TEMPLETON (WHO HAPPENS TO HAVE SAID THE MARKET IS GOING TO CRASH) AND SAYS IN EFFECT THAT VOLATILE MARKETS AHEAD, EMERGING/GLOBAL MARKETS/COMMODITY EXPORTERS WILL FARE BEST, ECONOMIST SAYS STIMULUS PACKAGE WILL NOT WORK SINCE TOO SMALL AND SOME WILL NOT SPEND NOR WILL RATE CUTS WORK AS INFLATION NOT CONTROLLED AND CONSUMER/CORPORATE CONFIDENCE DOWN, DOLLAR DOWN, OIL UP TO CLOSE AT $93.27, ANOTHER ANALYST SAYS INCREASE IN WHOLESALE INVENTORIES AND INCREASED MORTGAGE AND CREDIT CARD DEFAULTS WILL SURPRISE TO THE DOWNSIDE AND OTHER THAN AN OCCASIONAL SHORT–COVERING RALLY NOT MUCH UPSIDE MOMENTUM EVEN WITH (HYPERINFLATIONARY) PUMP-PRIMING BY FED, DOLLAR DOWN, RETAIL SALES WEAKEST IN 40 YEARS, GLOOMY OUTLOOKS FROM BOTH CISCO AND WALMART (JANUARY SALES AT .5% UP FAR LESS THAN EXPECTATIONS) RALLIES BOTH STOCKS, ANOTHER ANALYST SAYS ALREADY IN RECESSION, R.E. EXPERT/ANALYST SAYS ANOTHER 15% DECLINE IN HOME PRICES FOR 2008 WHILE ANOTHER ANALYST SAYS DECLINING REAL ESTATE PRICES INTO 2009, ON TODAYS UP MARKET ANALYST SAYS THEY’RE TRYING TO MAKE A SILK PURSE FROM A SOW’S EAR IN LIGHT OF BAD ECONOMIC AND FINANCIAL NUMBERS, UNEMPLOYMENT ROLLS HIGHEST SINCE JUST AFTER KATRINA, ECONOMIST SAYS STIMULUS PLAN WILL NOT WORK SINCE SAME DOES NOT ADDRESS THE UNDERLYING PROBLEMS ALTHOUGH BULL S**T TALKING POINT SPIKES STOCK PRICES ON NEWS OF SENATE RESOLUTION, DOWNGRADES ON GM AND FORD CITING ACCELERATING WEAKNESS OF CONSUMERS/SPENDING, TOLL BROTHERS HOUSING CONTRACTS DOWN 46% AND CEO SAYS HE SEES NO END TO THE TURMOIL IN SIGHT, TIME WARNER NET DOWN 41% AND DISNEY NET DOWN 26% BUT BETTER THAN EXPECTED…..RIIIIIGHT…..STILL BACKWARD LOOKING AT FOURTH QUARTER WHEN SAME HAS BEEN OPTIMALLY DISCOUNTED ALREADY, TWO FED BANK PRESIDENTS SAY THEY MUST REMAIN VIGILANT AGAINST(HYPER)INFLATION (THEY KNOW FED’S BEEN PRINTING DOLLARS LIKE MAD), MACY’S TO CUT JOBS ON POOR RESULTS/OUTLOOK, AFTER THE BELL-LESS THAN ROSY OUTLOOK BY CISCO, fake (GOVERNMENT) report on productivity down to low 1.8% from 6% previously but still better than expected, ONE ANALYST SAYS GLOBAL SELLING OF DOLLAR DENOMINATED ASSETS/StOCKS, ANOTHER SAYS BEAR MARKET AND ALL SECTORS/GROUPS DOWN, THE ism (non-government report) service sector (now 2/3 of u.s. economy) index drops in january, 2008 far below expectations to 41.9 (less than 50% indicates contraction), more downgrades of consumer finance companies and banks, ken shreve of investors business daily says significant institutional selling and stock prices have not seen bottom yet, jeff lacker of richmond fed now uttering the ‘r’ word (recession), $3 Trillion budget with $400+ billion budget deficit, oil inventories up on fake (GOVERNMENT) report, factory orders up 2.3% on fake (GOVERNMENT) report and 2007 worse year since 2003, 200 lenders went out of business in 2007, another rate cut already discounted but rates up, MONOPOLY COMPANY (WITH MONEY TO BURN AND WITH SIGNIFICANT OVERSEAS EARNINGS) MICROSOFT’S RICH TAKEOVER BID FOR YAHOO (IF THEY DO FOR YAHOO MAIL WHAT THEY DO FOR THEIR OWN HOTMAIL, DISASTER IN THE MAKING AND DON’T FORGET THE EXPERTS WHO UNIVERSALLY PAN THEIR MONEY-MAKING VISTA) SPURred IRRATIONALLY EXUBERANT STOCK PRICE RALLY DESPITE UNEXPECTEDLY LARGE LOSS OF 17,000 JOBS (A GAIN OF 70-80 THOUSAND WAS EXPECTED-LOSSES IN MANUFACTURING, CONSTRUCTION, FINANCE, AND EVEN BROKE GOVERNMENT SECTOR), CONSTRUCTION SPENDING DOWN, MORE BANK AND BOND COMPANY LOSSES ACKNOWLEDGED TO COME, MORE BACKWARD-LOOKING (TO fourth quarter) earnings b.s. talking points; ECONOMIST DR. IRVING KELLNER WHO SAYS WE’RE ALREADY IN RECESSION FURTHER POINTS OUT THAT STIMULUS PLAN AND RATE CUTS WON’T WORK SINCE THEY DON’T ADDRESS THE PROBLEM WHICH INCLUDES VALUATION OF MORTGAGE BACKED SECURITIES AND CONSEQUENT LOSSES TO BOND INSURERS, BANKS, ETC., AND PREDICTS FURTHER PRICE EROSION (-15-20%) IN REAL ESTATE PRICES COUNTRYWIDE; stimulus plan washington incompetents and dumbya bush (protect those incumbents with more bull s**t/spin/fraud) pledging more money they don’t have (print more/borrow more – hyperinflationary and stagflation - the fact is that they couldn’t borrow/print enough to remedy ie., the subprime fraud, etc.), one analyst recently explained that even as the DOW recently had hit new highs in u.s. as measured in real money, ie., gold, foreign currencies, etc., the DOW has actually fallen 70%, all of which foreign currencies are stronger against the weak dollar which will continue to decline which creates hyperinflation and exodus from same by global investors except those who are picking up prime u.s. financial assets on the cheap owing to u.s. desperation and greed (pay packages, compensation, etc.), P/E ratio analysis/comparison no longer apposite in light of declining dollar/fake reports/inflation which should be reflected in same (but is not), DOLLAR WAS DOWN SHARPLY ON NEWS OF CUT (HYPERINFLATIONARY - IT TAKES MORE WORTHLESS DOLLARS TO BUY ANYTHING, AS PANICKY FED LOOKS THE OTHER WAY), AS GOLD PREVIOUSLY HIT NEW INTRA-DAY RECORD HIGH AT $942.20 (CLOSED AT $929.80 THIS DAY/SILVER $17.51/PLATINUM $2,153-NEW RECORD) AS DID PLATINUM ALONG WITH OTHER METALS/COMMODITIES AND OIL HIT OVER $93 (CLOSED AT $100.01 THIS DAY - NEW RECORD), AN ANALYST SAYS WE’RE IN AN EARNINGS RECESSION AND HE IS ON THE BEAR SIDE OF THE LEGER, GOVERNMENT REPORTS LESS THAN EXPECTED GDP GROWTH IN FOURTH QUARTER AT .6% WHICH PROBABLY MEANS NEGATIVE SINCE THE GOVERNMENT LIES ABOUT ALMOST EVERYTHING, CASE/Shiller index-home prices fell 97% in fourth quarter, new home sales down a record 26% in 2007 (-4.7% in December, 2007), another analyst says we’re in recession while another says inflation is a significant problem moving forward (stagflation), dollar down, incumbents (just in time for the election) hoping to divert attention from their failed policies domestically, geopolitically, economically and otherwise as spending money they don’t have (they’re printing same and borrowing like crazy) will increase deficits and along with lower interest rates lower the value of the already worthless/internationally scorned dollar and dollar denominated assets including stocks (which rallied today despite the bad news) while as expected, hyperinflationary effects on oil, gold, commodity, etc., prices already immediately evident in today’s trading. 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 plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure SUBSTANTIALLY EXCEEDING EXPECTATIONS of PRIVATE SECTOR JOB GAINS (130,000). MERRILL LYNCH DOWNGRADED. UBS ANOTHER $14 BILLION IN WRITE-DOWNS ALONG WITH ANOTHER $8 BILLION FROM SOCIETE GENERALE. BOND INSURERS DOWNGRADES (WHICH WILL COST BANKS ANOTHER $40 BILLION) AND SEE ANOTHER $11 BILLION IN LOSSES. The MANTRA is the so-called stimulus plan, the logistics and length of time involved in Katrina-like execution guarantee only to forestall recognition of and accountability for ineptitude/corruption that leaves america, unlike during the great depression when america was neither globally hated nor broke as today, with a Weimar-Republic-like currency and continued failed leadership/policies and obfuscation of existing unsolved problems through blatant falsehoods, false data/reports,corruption, etc.. Housing prices for the first time since the great depression have fallen significantly and nationally. ALL PROBLEMS REMAIN. NOTHING HAS BEEN SOLVED. NOTHING HAS CHANGED except to give bull s**t/spin talking points to those responsible for u.s. decline. (ECONOMIST DR. IRVING KELLNER, MERRIL LYNCH ECONOMIST, AMONG OTHERS…..ALREADY IN RECESSION), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN THIRD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence near lows, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, 4th quarter earnings discounted long ago, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, lunatics’/suckers’ bear market rally (DOW +90, NASDAQ +20, S&P+11) to keep the suckers suckered and computerized commission trade dollars flowing. 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street]. (2-15-08) (DOW -28, NASDAQ –10, S&P +1.13) ANALYSTS/FINANCIAL REPORTERS PUZZLED OVER CRAZY LACK OF REACTION ON WALL STREET TO UNEXPECTEDLY NEGATIVE ECONOMIC DATA/NEWS WHICH SURPRISE IS WHAT ONE EXPECTS WHEN WITNESSING CRAZY BEHAVIOR UNTIL THEY REALIZE THEY ARE IN THE PSYCHO WARD OF AN INSTITUTION WHICH IS WALL STREET THE INSTITUTION FOR THE CRIMINALLY INSANE PROPELLED BY GREED/FRAUD, Citigroup bars investor exits from hedge fund , Bleak economic reports signal recession, CONSUMER SENTIMENT INDEX DOWN FAR BELOW EXPECTATIONS (16 YEAR LOW) AND ALWAYS HAS INDICATED RECESSION, NEW YORK MANUFACTURING INDEX DOWN SHARPLY AND 3 TIMES WORSE THAN EXPECTED, IMPORTED GOODS PRICE INDEX UP MORE THAN EXPECTED 1.7%, ONE RESPECTED ANALYST SAYS ALREADY IN RECESSION AND BEAR MARKETAND HOLD CASH AND DON’T TRY TO ‘CATCH THE FALLING KNIFE’, ANOTHER ANALYST SAYS GLOBAL BEAR MARKET AND A LOT OF NEGATIVE NEWS HASN’T YET HIT ECONOMY AND BANKS WEAK ON WRITEDOWNS AND BORROWING COSTS, OIL ANALYST SEES $100 OIL, BEST BUY LOWERS 2008 GUIDANCE/OUTLOOK, SOBERING VIEW OF DETERIORATING ECONOMY FROM BERNANKE (WHO INHERITED SAME FROM B.S. ARTIST/INCOMPETENT GREENSPAN – REMEMBER THE ENVY OF ALL THE WORLD SPEECHES…..RIIIIIGHT…..IF MEASURED IN DEFICITS, WORTHLESSNESS OF CURRENCY, ETC.) AS ECONOMIC PROSPECTS FOR THE ECONOMY HAVE DETERIORATED BEYOND EXPECTATION AND THAT CONSUMER SPENDING WILL BE SIGNIFICANTLY IMPACTED TO THE DOWNSIDE, UBS WITH MORE WRITEDOWNS($13BILLION)/LOSSES/NEGATIVE GUIDANCE, FGIC BOND INSURER DOWNGRADE BY MOODY’S, HOME PRICES FELL A QUARTERLY RECORD 5.8% (-17% IN BUBBLE BANANA REPUBLIC CALIFORNIA), ONE ANALYST SAYS BOTTOM FISHING IN A MARKET AS THIS IS LIKE ‘TRYING TO CATCH A FALLING KNIFE’, FALSE REPORTS FROM GOVERNMENT NO HELP, FIRST BASED ON MULTINATIONAL ‘DEFENSIVE’ STOCK WITH SIGNIFICANT OVERSEAS SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) COCA COLA RALLIES STOCKS, THEN SCANDAL-SCARRED, CORRUPT COMMERCE DEPARTMENT OF THE LIE-PRONE U.S. GOVERNMENT (THEY LIE ABOUT ALMOST EVERYTHING) WHICH LIES HAVE LED TO WAR CRIMES, NATIONAL DECLINE, SUB-PRIME MELTDOWN, HUGE FRAUDS, ETC., AS STOCKS RALLY FURTHER WITH FALSE GOV’T REPORT OF JANUARY RETAIL SALES 200% (UP A WEAK .3% INSTEAD OF DOWN .3% - ALL ACTUAL REPORTS IN JANUARY WERE DOWN - THE AUTO COMPANIES/DEALERS KNOW HOW MANY CARS AND OTHER RETALILERS HOW MANY GOODS THEY’VE SOLD) BETTER THAN EXPECTED BY ECONOMISTS, ETC., NEXT WAVE OF IRRATIONAL EXUBERANCE/FURTHER/FRAUD CAME WITH BUSH SIGNING THE ECONOMICALLY INNEFECTIVE ELECTION-YEAR STIMULOUS PLAN WHICH HAS BEEN DISCOUNTED IRRATIONALLY TO THE UPSIDE MANY TIMES ALREADY, ONE ANALYST SAYS RETAIL SALES NUMBER BY COMMERCE DEPARTMENT NOT TO BE BELIEVED AND FINANCIALS WILL REMAIN A MINEFIELD WITH MORE DOWNGRADES AND DOLLAR WILL CONTINUE TO BE UNDER PRESSURE WITH INFLATIONARY EFFECT AND NEW WALL STREET STRATEGY SEEMS TO BE BUY INTO THE BAD NEWS (RIIIIIGHT!)AND THE LOW VOLUME RALLY SUSPECT (SINCE BASED UPON NOTHING WHATSOEVER), ANOTHER R.E. ANALYST SAYS REAL ESTATE WEAKNESS WILL CONTINUE, OVER 200 POINT SWING TO THE POSITIVE (ON 2-11-08) ALONG WITH SUCKERS’ BEAR MARKET/SHORT COVERING RALLIES BASED ON NOTHING BUT BULL S**T ALONE, REINSURANCE BY BERKSHIRE BUFFET TOO EXPENSIVE (AND LIMITED TO MUNICIPALS) TO HELP AND REJECTED BY SOME BOND INSURERS IS STILL B.S. TALKING POINT FOR THE FRAUDS ON WALL STREET AS IS THE 30 DAY EXTENSION FOR DEFAULTS/FORECLOSURES SINCE 95% DON’T QUALIFY FOR WORKOUT AND FOR WHICH PROPERTIES HAVE NO EQUITY WHATSOEVER, ONE ANALYST SAYS GM WHICH REPORTED RECORD $38.7 BILLION 2007 LOSS ALONG WITH FORD HAVE NO BOOK VALUE AFTER REMOVING GOOD WILL (THEY’RE BROKE!), ONE BANK REPORTS FIRST LOSS EVER AND CUTS DIVIDEND RALLYING THE STOCK (RIIIIIGHT), PREVIOUS HIGH OIL PRICES RALLY STOCKS (RIIIIIGHT), AIG DOWN 11% ON DOWNGRADE/HIGHER THAN EXPECTED LOSSES IN ASSETS/SUBPRIME DERIVATIVES, ONE ANALYST/TRADER SAYS SELL INTO RALLIES WHILE ANOTHER SAYS STIMULUS PLAN JUST ELECTION YEAR SHOW AND WON’T DO ANYTHING BUT INCREASE BUDGET DEFICIT AND AT BEST INCREASE TRADE DEFICIT (PLASMA TV’S, ETC.), BOND INSURER SECURITY CAPITAL DOWNGRADED, ONE ANALYST QUOTES JOHN TEMPLETON (WHO HAPPENS TO HAVE SAID THE MARKET IS GOING TO CRASH) AND SAYS IN EFFECT THAT VOLATILE MARKETS AHEAD, EMERGING/GLOBAL MARKETS/COMMODITY EXPORTERS WILL FARE BEST, ECONOMIST SAYS STIMULUS PACKAGE WILL NOT WORK SINCE TOO SMALL AND SOME WILL NOT SPEND NOR WILL RATE CUTS WORK AS INFLATION NOT CONTROLLED AND CONSUMER/CORPORATE CONFIDENCE DOWN, DOLLAR DOWN, OIL UP TO CLOSE AT $93.27, ANOTHER ANALYST SAYS INCREASE IN WHOLESALE INVENTORIES AND INCREASED MORTGAGE AND CREDIT CARD DEFAULTS WILL SURPRISE TO THE DOWNSIDE AND OTHER THAN AN OCCASIONAL SHORT–COVERING RALLY NOT MUCH UPSIDE MOMENTUM EVEN WITH (HYPERINFLATIONARY) PUMP-PRIMING BY FED, DOLLAR DOWN, RETAIL SALES WEAKEST IN 40 YEARS, GLOOMY OUTLOOKS FROM BOTH CISCO AND WALMART (JANUARY SALES AT .5% UP FAR LESS THAN EXPECTATIONS) RALLIES BOTH STOCKS, ANOTHER ANALYST SAYS ALREADY IN RECESSION, R.E. EXPERT/ANALYST SAYS ANOTHER 15% DECLINE IN HOME PRICES FOR 2008 WHILE ANOTHER ANALYST SAYS DECLINING REAL ESTATE PRICES INTO 2009, ON TODAYS UP MARKET ANALYST SAYS THEY’RE TRYING TO MAKE A SILK PURSE FROM A SOW’S EAR IN LIGHT OF BAD ECONOMIC AND FINANCIAL NUMBERS, UNEMPLOYMENT ROLLS HIGHEST SINCE JUST AFTER KATRINA, ECONOMIST SAYS STIMULUS PLAN WILL NOT WORK SINCE SAME DOES NOT ADDRESS THE UNDERLYING PROBLEMS ALTHOUGH BULL S**T TALKING POINT SPIKES STOCK PRICES ON NEWS OF SENATE RESOLUTION, DOWNGRADES ON GM AND FORD CITING ACCELERATING WEAKNESS OF CONSUMERS/SPENDING, TOLL BROTHERS HOUSING CONTRACTS DOWN 46% AND CEO SAYS HE SEES NO END TO THE TURMOIL IN SIGHT, TIME WARNER NET DOWN 41% AND DISNEY NET DOWN 26% BUT BETTER THAN EXPECTED…..RIIIIIGHT…..STILL BACKWARD LOOKING AT FOURTH QUARTER WHEN SAME HAS BEEN OPTIMALLY DISCOUNTED ALREADY, TWO FED BANK PRESIDENTS SAY THEY MUST REMAIN VIGILANT AGAINST(HYPER)INFLATION (THEY KNOW FED’S BEEN PRINTING DOLLARS LIKE MAD), MACY’S TO CUT JOBS ON POOR RESULTS/OUTLOOK, AFTER THE BELL-LESS THAN ROSY OUTLOOK BY CISCO, fake (GOVERNMENT) report on productivity down to low 1.8% from 6% previously but still better than expected, ONE ANALYST SAYS GLOBAL SELLING OF DOLLAR DENOMINATED ASSETS/StOCKS, ANOTHER SAYS BEAR MARKET AND ALL SECTORS/GROUPS DOWN, THE ism (non-government report) service sector (now 2/3 of u.s. economy) index drops in january, 2008 far below expectations to 41.9 (less than 50% indicates contraction), more downgrades of consumer finance companies and banks, ken shreve of investors business daily says significant institutional selling and stock prices have not seen bottom yet, jeff lacker of richmond fed now uttering the ‘r’ word (recession), $3 Trillion budget with $400+ billion budget deficit, oil inventories up on fake (GOVERNMENT) report, factory orders up 2.3% on fake (GOVERNMENT) report and 2007 worse year since 2003, 200 lenders went out of business in 2007, another rate cut already discounted but rates up, MONOPOLY COMPANY (WITH MONEY TO BURN AND WITH SIGNIFICANT OVERSEAS EARNINGS) MICROSOFT’S RICH TAKEOVER BID FOR YAHOO (IF THEY DO FOR YAHOO MAIL WHAT THEY DO FOR THEIR OWN HOTMAIL, DISASTER IN THE MAKING AND DON’T FORGET THE EXPERTS WHO UNIVERSALLY PAN THEIR MONEY-MAKING VISTA) SPURred IRRATIONALLY EXUBERANT STOCK PRICE RALLY DESPITE UNEXPECTEDLY LARGE LOSS OF 17,000 JOBS (A GAIN OF 70-80 THOUSAND WAS EXPECTED-LOSSES IN MANUFACTURING, CONSTRUCTION, FINANCE, AND EVEN BROKE GOVERNMENT SECTOR), CONSTRUCTION SPENDING DOWN, MORE BANK AND BOND COMPANY LOSSES ACKNOWLEDGED TO COME, MORE BACKWARD-LOOKING (TO fourth quarter) earnings b.s. talking points; ECONOMIST DR. IRVING KELLNER WHO SAYS WE’RE ALREADY IN RECESSION FURTHER POINTS OUT THAT STIMULUS PLAN AND RATE CUTS WON’T WORK SINCE THEY DON’T ADDRESS THE PROBLEM WHICH INCLUDES VALUATION OF MORTGAGE BACKED SECURITIES AND CONSEQUENT LOSSES TO BOND INSURERS, BANKS, ETC., AND PREDICTS FURTHER PRICE EROSION (-15-20%) IN REAL ESTATE PRICES COUNTRYWIDE; stimulus plan washington incompetents and dumbya bush (protect those incumbents with more bull s**t/spin/fraud) pledging more money they don’t have (print more/borrow more – hyperinflationary and stagflation - the fact is that they couldn’t borrow/print enough to remedy ie., the subprime fraud, etc.), one analyst recently explained that even as the DOW recently had hit new highs in u.s. as measured in real money, ie., gold, foreign currencies, etc., the DOW has actually fallen 70%, all of which foreign currencies are stronger against the weak dollar which will continue to decline which creates hyperinflation and exodus from same by global investors except those who are picking up prime u.s. financial assets on the cheap owing to u.s. desperation and greed (pay packages, compensation, etc.), P/E ratio analysis/comparison no longer apposite in light of declining dollar/fake reports/inflation which should be reflected in same (but is not), DOLLAR WAS DOWN SHARPLY ON NEWS OF CUT (HYPERINFLATIONARY - IT TAKES MORE WORTHLESS DOLLARS TO BUY ANYTHING, AS PANICKY FED LOOKS THE OTHER WAY), AS GOLD PREVIOUSLY HIT NEW INTRA-DAY RECORD HIGH AT $942.20 (CLOSED AT $906.10 THIS DAY/SILVER $17.13/PLATINUM $2,O63-NEW RECORD) AS DID PLATINUM ALONG WITH OTHER METALS/COMMODITIES AND OIL HIT OVER $93 (CLOSED AT $95.50 THIS DAY), AN ANALYST SAYS WE’RE IN AN EARNINGS RECESSION AND HE IS ON THE BEAR SIDE OF THE LEGER, GOVERNMENT REPORTS LESS THAN EXPECTED GDP GROWTH IN FOURTH QUARTER AT .6% WHICH PROBABLY MEANS NEGATIVE SINCE THE GOVERNMENT LIES ABOUT ALMOST EVERYTHING, CASE/Shiller index-home prices fell 97% in fourth quarter, new home sales down a record 26% in 2007 (-4.7% in December, 2007), another analyst says we’re in recession while another says inflation is a significant problem moving forward (stagflation), dollar down, incumbents (just in time for the election) hoping to divert attention from their failed policies domestically, geopolitically, economically and otherwise as spending money they don’t have (they’re printing same and borrowing like crazy) will increase deficits and along with lower interest rates lower the value of the already worthless/internationally scorned dollar and dollar denominated assets including stocks (which rallied today despite the bad news) while as expected, hyperinflationary effects on oil, gold, commodity, etc., prices already immediately evident in today’s trading. 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 plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure SUBSTANTIALLY EXCEEDING EXPECTATIONS of PRIVATE SECTOR JOB GAINS (130,000). MERRILL LYNCH DOWNGRADED. UBS ANOTHER $14 BILLION IN WRITE-DOWNS ALONG WITH ANOTHER $8 BILLION FROM SOCIETE GENERALE. BOND INSURERS DOWNGRADES (WHICH WILL COST BANKS ANOTHER $40 BILLION) AND SEE ANOTHER $11 BILLION IN LOSSES. The MANTRA is the so-called stimulus plan, the logistics and length of time involved in Katrina-like execution guarantee only to forestall recognition of and accountability for ineptitude/corruption that leaves america, unlike during the great depression when america was neither globally hated nor broke as today, with a Weimar-Republic-like currency and continued failed leadership/policies and obfuscation of existing unsolved problems through blatant falsehoods, false data/reports,corruption, etc.. Housing prices for the first time since the great depression have fallen significantly and nationally. ALL PROBLEMS REMAIN. NOTHING HAS BEEN SOLVED. NOTHING HAS CHANGED except to give bull s**t/spin talking points to those responsible for u.s. decline. (ECONOMIST DR. IRVING KELLNER, MERRIL LYNCH ECONOMIST, AMONG OTHERS…..ALREADY IN RECESSION), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN THIRD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence near lows, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, 4th quarter earnings discounted long ago, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, lunatics’/suckers’ bear market rally INTO THE CLOSE (DOW -28, NASDAQ –10, S&P +1.13) to keep the suckers suckered and computerized commission trade dollars flowing as stocks drop modestly relative to reality. 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street]. (2-14-08) (DOW -175, NASDAQ -41, S&P -18) SOBERING VIEW OF DETERIORATING ECONOMY FROM BERNANKE (WHO INHERITED SAME FROM B.S. ARTIST/INCOMPETENT GREENSPAN – REMEMBER THE ENVY OF ALL THE WORLD SPEECHES…..RIIIIIGHT…..IF MEASURED IN DEFICITS, WORTHLESSNESS OF CURRENCY, ETC.) AS ECONOMIC PROSPECTS FOR THE ECONOMY HAVE DETERIORATED BEYOND EXPECTATION AND THAT CONSUMER SPENDING WILL BE SIGNIFICANTLY IMPACTED TO THE DOWNSIDE, UBS WITH MORE WRITEDOWNS($13BILLION)/LOSSES/NEGATIVE GUIDANCE, FGIC BOND INSURER DOWNGRADE BY MOODY’S, HOME PRICES FELL A QUARTERLY RECORD 5.8% (-17% IN BUBBLE BANANA REPUBLIC CALIFORNIA), ONE ANALYST SAYS BOTTOM FISHING IN A MARKET AS THIS IS LIKE ‘TRYING TO CATCH A FALLING KNIFE’, FALSE REPORTS FROM GOVERNMENT NO HELP, FIRST BASED ON MULTINATIONAL ‘DEFENSIVE’ STOCK WITH SIGNIFICANT OVERSEAS SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) COCA COLA RALLIES STOCKS, THEN SCANDAL-SCARRED, CORRUPT COMMERCE DEPARTMENT OF THE LIE-PRONE U.S. GOVERNMENT (THEY LIE ABOUT ALMOST EVERYTHING) WHICH LIES HAVE LED TO WAR CRIMES, NATIONAL DECLINE, SUB-PRIME MELTDOWN, HUGE FRAUDS, ETC., AS STOCKS RALLY FURTHER WITH FALSE GOV’T REPORT OF JANUARY RETAIL SALES 200% (UP A WEAK .3% INSTEAD OF DOWN .3% - ALL ACTUAL REPORTS IN JANUARY WERE DOWN - THE AUTO COMPANIES/DEALERS KNOW HOW MANY CARS AND OTHER RETALILERS HOW MANY GOODS THEY’VE SOLD) BETTER THAN EXPECTED BY ECONOMISTS, ETC., NEXT WAVE OF IRRATIONAL EXUBERANCE/FURTHER/FRAUD CAME WITH BUSH SIGNING THE ECONOMICALLY INNEFECTIVE ELECTION-YEAR STIMULOUS PLAN WHICH HAS BEEN DISCOUNTED IRRATIONALLY TO THE UPSIDE MANY TIMES ALREADY, ONE ANALYST SAYS RETAIL SALES NUMBER BY COMMERCE DEPARTMENT NOT TO BE BELIEVED AND FINANCIALS WILL REMAIN A MINEFIELD WITH MORE DOWNGRADES AND DOLLAR WILL CONTINUE TO BE UNDER PRESSURE WITH INFLATIONARY EFFECT AND NEW WALL STREET STRATEGY SEEMS TO BE BUY INTO THE BAD NEWS (RIIIIIGHT!)AND THE LOW VOLUME RALLY SUSPECT (SINCE BASED UPON NOTHING WHATSOEVER), ANOTHER R.E. ANALYST SAYS REAL ESTATE WEAKNESS WILL CONTINUE, OVER 200 POINT SWING TO THE POSITIVE (ON 2-11-08) ALONG WITH SUCKERS’ BEAR MARKET/SHORT COVERING RALLIES BASED ON NOTHING BUT BULL S**T ALONE, REINSURANCE BY BERKSHIRE BUFFET TOO EXPENSIVE (AND LIMITED TO MUNICIPALS) TO HELP AND REJECTED BY SOME BOND INSURERS IS STILL B.S. TALKING POINT FOR THE FRAUDS ON WALL STREET AS IS THE 30 DAY EXTENSION FOR DEFAULTS/FORECLOSURES SINCE 95% DON’T QUALIFY FOR WORKOUT AND FOR WHICH PROPERTIES HAVE NO EQUITY WHATSOEVER, ONE ANALYST SAYS GM WHICH REPORTED RECORD $38.7 BILLION 2007 LOSS ALONG WITH FORD HAVE NO BOOK VALUE AFTER REMOVING GOOD WILL (THEY’RE BROKE!), ONE BANK REPORTS FIRST LOSS EVER AND CUTS DIVIDEND RALLYING THE STOCK (RIIIIIGHT), PREVIOUS HIGH OIL PRICES RALLY STOCKS (RIIIIIGHT), AIG DOWN 11% ON DOWNGRADE/HIGHER THAN EXPECTED LOSSES IN ASSETS/SUBPRIME DERIVATIVES, ONE ANALYST/TRADER SAYS SELL INTO RALLIES WHILE ANOTHER SAYS STIMULUS PLAN JUST ELECTION YEAR SHOW AND WON’T DO ANYTHING BUT INCREASE BUDGET DEFICIT AND AT BEST INCREASE TRADE DEFICIT (PLASMA TV’S, ETC.), BOND INSURER SECURITY CAPITAL DOWNGRADED, ONE ANALYST QUOTES JOHN TEMPLETON (WHO HAPPENS TO HAVE SAID THE MARKET IS GOING TO CRASH) AND SAYS IN EFFECT THAT VOLATILE MARKETS AHEAD, EMERGING/GLOBAL MARKETS/COMMODITY EXPORTERS WILL FARE BEST, ECONOMIST SAYS STIMULUS PACKAGE WILL NOT WORK SINCE TOO SMALL AND SOME WILL NOT SPEND NOR WILL RATE CUTS WORK AS INFLATION NOT CONTROLLED AND CONSUMER/CORPORATE CONFIDENCE DOWN, DOLLAR DOWN, OIL UP TO CLOSE AT $93.27, ANOTHER ANALYST SAYS INCREASE IN WHOLESALE INVENTORIES AND INCREASED MORTGAGE AND CREDIT CARD DEFAULTS WILL SURPRISE TO THE DOWNSIDE AND OTHER THAN AN OCCASIONAL SHORT–COVERING RALLY NOT MUCH UPSIDE MOMENTUM EVEN WITH (HYPERINFLATIONARY) PUMP-PRIMING BY FED, DOLLAR DOWN, RETAIL SALES WEAKEST IN 40 YEARS, GLOOMY OUTLOOKS FROM BOTH CISCO AND WALMART (JANUARY SALES AT .5% UP FAR LESS THAN EXPECTATIONS) RALLIES BOTH STOCKS, ANOTHER ANALYST SAYS ALREADY IN RECESSION, R.E. EXPERT/ANALYST SAYS ANOTHER 15% DECLINE IN HOME PRICES FOR 2008 WHILE ANOTHER ANALYST SAYS DECLINING REAL ESTATE PRICES INTO 2009, ON TODAYS UP MARKET ANALYST SAYS THEY’RE TRYING TO MAKE A SILK PURSE FROM A SOW’S EAR IN LIGHT OF BAD ECONOMIC AND FINANCIAL NUMBERS, UNEMPLOYMENT ROLLS HIGHEST SINCE JUST AFTER KATRINA, ECONOMIST SAYS STIMULUS PLAN WILL NOT WORK SINCE SAME DOES NOT ADDRESS THE UNDERLYING PROBLEMS ALTHOUGH BULL S**T TALKING POINT SPIKES STOCK PRICES ON NEWS OF SENATE RESOLUTION, DOWNGRADES ON GM AND FORD CITING ACCELERATING WEAKNESS OF CONSUMERS/SPENDING, TOLL BROTHERS HOUSING CONTRACTS DOWN 46% AND CEO SAYS HE SEES NO END TO THE TURMOIL IN SIGHT, TIME WARNER NET DOWN 41% AND DISNEY NET DOWN 26% BUT BETTER THAN EXPECTED…..RIIIIIGHT…..STILL BACKWARD LOOKING AT FOURTH QUARTER WHEN SAME HAS BEEN OPTIMALLY DISCOUNTED ALREADY, TWO FED BANK PRESIDENTS SAY THEY MUST REMAIN VIGILANT AGAINST(HYPER)INFLATION (THEY KNOW FED’S BEEN PRINTING DOLLARS LIKE MAD), MACY’S TO CUT JOBS ON POOR RESULTS/OUTLOOK, AFTER THE BELL-LESS THAN ROSY OUTLOOK BY CISCO, fake (GOVERNMENT) report on productivity down to low 1.8% from 6% previously but still better than expected, ONE ANALYST SAYS GLOBAL SELLING OF DOLLAR DENOMINATED ASSETS/StOCKS, ANOTHER SAYS BEAR MARKET AND ALL SECTORS/GROUPS DOWN, THE ism (non-government report) service sector (now 2/3 of u.s. economy) index drops in january, 2008 far below expectations to 41.9 (less than 50% indicates contraction), more downgrades of consumer finance companies and banks, ken shreve of investors business daily says significant institutional selling and stock prices have not seen bottom yet, jeff lacker of richmond fed now uttering the ‘r’ word (recession), $3 Trillion budget with $400+ billion budget deficit, oil inventories up on fake (GOVERNMENT) report, factory orders up 2.3% on fake (GOVERNMENT) report and 2007 worse year since 2003, 200 lenders went out of business in 2007, another rate cut already discounted but rates up, MONOPOLY COMPANY (WITH MONEY TO BURN AND WITH SIGNIFICANT OVERSEAS EARNINGS) MICROSOFT’S RICH TAKEOVER BID FOR YAHOO (IF THEY DO FOR YAHOO MAIL WHAT THEY DO FOR THEIR OWN HOTMAIL, DISASTER IN THE MAKING AND DON’T FORGET THE EXPERTS WHO UNIVERSALLY PAN THEIR MONEY-MAKING VISTA) SPURred IRRATIONALLY EXUBERANT STOCK PRICE RALLY DESPITE UNEXPECTEDLY LARGE LOSS OF 17,000 JOBS (A GAIN OF 70-80 THOUSAND WAS EXPECTED-LOSSES IN MANUFACTURING, CONSTRUCTION, FINANCE, AND EVEN BROKE GOVERNMENT SECTOR), CONSTRUCTION SPENDING DOWN, MORE BANK AND BOND COMPANY LOSSES ACKNOWLEDGED TO COME, MORE BACKWARD-LOOKING (TO fourth quarter) earnings b.s. talking points; ECONOMIST DR. IRVING KELLNER WHO SAYS WE’RE ALREADY IN RECESSION FURTHER POINTS OUT THAT STIMULUS PLAN AND RATE CUTS WON’T WORK SINCE THEY DON’T ADDRESS THE PROBLEM WHICH INCLUDES VALUATION OF MORTGAGE BACKED SECURITIES AND CONSEQUENT LOSSES TO BOND INSURERS, BANKS, ETC., AND PREDICTS FURTHER PRICE EROSION (-15-20%) IN REAL ESTATE PRICES COUNTRYWIDE; stimulus plan washington incompetents and dumbya bush (protect those incumbents with more bull s**t/spin/fraud) pledging more money they don’t have (print more/borrow more – hyperinflationary and stagflation - the fact is that they couldn’t borrow/print enough to remedy ie., the subprime fraud, etc.), one analyst recently explained that even as the DOW recently had hit new highs in u.s. as measured in real money, ie., gold, foreign currencies, etc., the DOW has actually fallen 70%, all of which foreign currencies are stronger against the weak dollar which will continue to decline which creates hyperinflation and exodus from same by global investors except those who are picking up prime u.s. financial assets on the cheap owing to u.s. desperation and greed (pay packages, compensation, etc.), P/E ratio analysis/comparison no longer apposite in light of declining dollar/fake reports/inflation which should be reflected in same (but is not), DOLLAR WAS DOWN SHARPLY ON NEWS OF CUT (HYPERINFLATIONARY - IT TAKES MORE WORTHLESS DOLLARS TO BUY ANYTHING, AS PANICKY FED LOOKS THE OTHER WAY), AS GOLD PREVIOUSLY HIT NEW INTRA-DAY RECORD HIGH AT $942.20 (CLOSED AT $910.80 THIS DAY/SILVER $17.25/PLATINUM $2,005.90) AS DID PLATINUM ALONG WITH OTHER METALS/COMMODITIES AND OIL HIT OVER $93 (CLOSED AT $95.46 THIS DAY), AN ANALYST SAYS WE’RE IN AN EARNINGS RECESSION AND HE IS ON THE BEAR SIDE OF THE LEGER, GOVERNMENT REPORTS LESS THAN EXPECTED GDP GROWTH IN FOURTH QUARTER AT .6% WHICH PROBABLY MEANS NEGATIVE SINCE THE GOVERNMENT LIES ABOUT ALMOST EVERYTHING, CASE/Shiller index-home prices fell 97% in fourth quarter, new home sales down a record 26% in 2007 (-4.7% in December, 2007), another analyst says we’re in recession while another says inflation is a significant problem moving forward (stagflation), dollar down, incumbents (just in time for the election) hoping to divert attention from their failed policies domestically, geopolitically, economically and otherwise as spending money they don’t have (they’re printing same and borrowing like crazy) will increase deficits and along with lower interest rates lower the value of the already worthless/internationally scorned dollar and dollar denominated assets including stocks (which rallied today despite the bad news) while as expected, hyperinflationary effects on oil, gold, commodity, etc., prices already immediately evident in today’s trading. 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 plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure SUBSTANTIALLY EXCEEDING EXPECTATIONS of PRIVATE SECTOR JOB GAINS (130,000). MERRILL LYNCH DOWNGRADED. UBS ANOTHER $14 BILLION IN WRITE-DOWNS ALONG WITH ANOTHER $8 BILLION FROM SOCIETE GENERALE. BOND INSURERS DOWNGRADES (WHICH WILL COST BANKS ANOTHER $40 BILLION) AND SEE ANOTHER $11 BILLION IN LOSSES. The MANTRA is the so-called stimulus plan, the logistics and length of time involved in Katrina-like execution guarantee only to forestall recognition of and accountability for ineptitude/corruption that leaves america, unlike during the great depression when america was neither globally hated nor broke as today, with a Weimar-Republic-like currency and continued failed leadership/policies and obfuscation of existing unsolved problems through blatant falsehoods, false data/reports,corruption, etc.. Housing prices for the first time since the great depression have fallen significantly and nationally. ALL PROBLEMS REMAIN. NOTHING HAS BEEN SOLVED. NOTHING HAS CHANGED except to give bull s**t/spin talking points to those responsible for u.s. decline. (ECONOMIST DR. IRVING KELLNER, MERRIL LYNCH ECONOMIST, AMONG OTHERS…..ALREADY IN RECESSION), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN THIRD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence near lows, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, 4th quarter earnings discounted long ago, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, as stocks drop modestly relative to reality (DOW -175, NASDAQ -41, S&P -18). 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street]. (2-13-08) (DOW +178, NASDAQ +53, S&P +18) FIRST BASED ON MULTINATIONAL ‘DEFENSIVE’ STOCK WITH SIGNIFICANT OVERSEAS SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) COCA COLA RALLIES STOCKS, THEN SCANDAL-SCARRED, CORRUPT COMMERCE DEPARTMENT OF THE LIE-PRONE U.S. GOVERNMENT (THEY LIE ABOUT ALMOST EVERYTHING) WHICH LIES HAVE LED TO WAR CRIMES, NATIONAL DECLINE, SUB-PRIME MELTDOWN, HUGE FRAUDS, ETC., AS STOCKS RALLY FURTHER WITH FALSE GOV’T REPORT OF JANUARY RETAIL SALES 200% (UP A WEAK .3% INSTEAD OF DOWN .3% - ALL ACTUAL REPORTS IN JANUARY WERE DOWN - THE AUTO COMPANIES/DEALERS KNOW HOW MANY CARS THEY’VE SOLD) BETTER THAN EXPECTED BY ECONOMISTS, ETC., NEXT WAVE OF IRRATIONAL EXUBERANCE/FURTHER/FRAUD CAME WITH BUSH SIGNING THE ECONOMICALLY INNEFECTIVE ELECTION-YEAR STIMULOUS PLAN WHICH HAS BEEN DISCOUNTED IRRATIONALLY TO THE UPSIDE MANY TIMES ALREADY, ONE ANALYST SAYS RETAIL SALES NUMBER BY COMMERCE DEPARTMENT NOT TO BE BELIEVED AND FINANCIALS WILL REMAIN A MINEFIELD WITH MORE DOWNGRADES AND DOLLAR WILL CONTINUE TO BE UNDER PRESSURE WITH INFLATIONARY EFFECT AND NEW WALL STREET STRATEGY SEEMS TO BE BUY INTO THE BAD NEWS (RIIIIIGHT!)AND THE LOW VOLUME RALLY SUSPECT (SINCE BASED UPON NOTHING WHATSOEVER), ANOTHER R.E. ANALYST SAYS REAL ESTATE WEAKNESS WILL CONTINUE, OVER 200 POINT SWING TO THE POSITIVE (ON 2-11-08) ALONG WITH SUCKERS’ BEAR MARKET/SHORT COVERING RALLIES BASED ON NOTHING BUT BULL S**T ALONE, REINSURANCE BY BERKSHIRE BUFFET TOO EXPENSIVE (AND LIMITED TO MUNICIPALS) TO HELP AND REJECTED BY SOME BOND INSURERS IS STILL B.S. TALKING POINT FOR THE FRAUDS ON WALL STREET AS IS THE 30 DAY EXTENSION FOR DEFAULTS/FORECLOSURES SINCE 95% DON’T QUALIFY FOR WORKOUT AND FOR WHICH PROPERTIES HAVE NO EQUITY WHATSOEVER, ONE ANALYST SAYS GM WHICH REPORTED RECORD $38.7 BILLION 2007 LOSS ALONG WITH FORD HAVE NO BOOK VALUE AFTER REMOVING GOOD WILL (THEY’RE BROKE!), ONE BANK REPORTS FIRST LOSS EVER AND CUTS DIVIDEND RALLYING THE STOCK (RIIIIIGHT), PREVIOUS HIGH OIL PRICES RALLY STOCKS (RIIIIIGHT), AIG DOWN 11% ON DOWNGRADE/HIGHER THAN EXPECTED LOSSES IN ASSETS/SUBPRIME DERIVATIVES, ONE ANALYST/TRADER SAYS SELL INTO RALLIES WHILE ANOTHER SAYS STIMULUS PLAN JUST ELECTION YEAR SHOW AND WON’T DO ANYTHING BUT INCREASE BUDGET DEFICIT AND AT BEST INCREASE TRADE DEFICIT (PLASMA TV’S, ETC.), BOND INSURER SECURITY CAPITAL DOWNGRADED, ONE ANALYST QUOTES JOHN TEMPLETON (WHO HAPPENS TO HAVE SAID THE MARKET IS GOING TO CRASH) AND SAYS IN EFFECT THAT VOLATILE MARKETS AHEAD, EMERGING/GLOBAL MARKETS/COMMODITY EXPORTERS WILL FARE BEST, ECONOMIST SAYS STIMULUS PACKAGE WILL NOT WORK SINCE TOO SMALL AND SOME WILL NOT SPEND NOR WILL RATE CUTS WORK AS INFLATION NOT CONTROLLED AND CONSUMER/CORPORATE CONFIDENCE DOWN, DOLLAR DOWN, OIL UP TO CLOSE AT $93.27, ANOTHER ANALYST SAYS INCREASE IN WHOLESALE INVENTORIES AND INCREASED MORTGAGE AND CREDIT CARD DEFAULTS WILL SURPRISE TO THE DOWNSIDE AND OTHER THAN AN OCCASIONAL SHORT–COVERING RALLY NOT MUCH UPSIDE MOMENTUM EVEN WITH (HYPERINFLATIONARY) PUMP-PRIMING BY FED, DOLLAR DOWN, RETAIL SALES WEAKEST IN 40 YEARS, GLOOMY OUTLOOKS FROM BOTH CISCO AND WALMART (JANUARY SALES AT .5% UP FAR LESS THAN EXPECTATIONS) RALLIES BOTH STOCKS, ANOTHER ANALYST SAYS ALREADY IN RECESSION, R.E. EXPERT/ANALYST SAYS ANOTHER 15% DECLINE IN HOME PRICES FOR 2008 WHILE ANOTHER ANALYST SAYS DECLINING REAL ESTATE PRICES INTO 2009, ON TODAYS UP MARKET ANALYST SAYS THEY’RE TRYING TO MAKE A SILK PURSE FROM A SOW’S EAR IN LIGHT OF BAD ECONOMIC AND FINANCIAL NUMBERS, UNEMPLOYMENT ROLLS HIGHEST SINCE JUST AFTER KATRINA, ECONOMIST SAYS STIMULUS PLAN WILL NOT WORK SINCE SAME DOES NOT ADDRESS THE UNDERLYING PROBLEMS ALTHOUGH BULL S**T TALKING POINT SPIKES STOCK PRICES ON NEWS OF SENATE RESOLUTION, DOWNGRADES ON GM AND FORD CITING ACCELERATING WEAKNESS OF CONSUMERS/SPENDING, TOLL BROTHERS HOUSING CONTRACTS DOWN 46% AND CEO SAYS HE SEES NO END TO THE TURMOIL IN SIGHT, TIME WARNER NET DOWN 41% AND DISNEY NET DOWN 26% BUT BETTER THAN EXPECTED…..RIIIIIGHT…..STILL BACKWARD LOOKING AT FOURTH QUARTER WHEN SAME HAS BEEN OPTIMALLY DISCOUNTED ALREADY, TWO FED BANK PRESIDENTS SAY THEY MUST REMAIN VIGILANT AGAINST(HYPER)INFLATION (THEY KNOW FED’S BEEN PRINTING DOLLARS LIKE MAD), MACY’S TO CUT JOBS ON POOR RESULTS/OUTLOOK, AFTER THE BELL-LESS THAN ROSY OUTLOOK BY CISCO, fake (GOVERNMENT) report on productivity down to low 1.8% from 6% previously but still better than expected, ONE ANALYST SAYS GLOBAL SELLING OF DOLLAR DENOMINATED ASSETS/StOCKS, ANOTHER SAYS BEAR MARKET AND ALL SECTORS/GROUPS DOWN, THE ism (non-government report) service sector (now 2/3 of u.s. economy) index drops in january, 2008 far below expectations to 41.9 (less than 50% indicates contraction), more downgrades of consumer finance companies and banks, ken shreve of investors business daily says significant institutional selling and stock prices have not seen bottom yet, jeff lacker of richmond fed now uttering the ‘r’ word (recession), $3 Trillion budget with $400+ billion budget deficit, oil inventories up on fake (GOVERNMENT) report, factory orders up 2.3% on fake (GOVERNMENT) report and 2007 worse year since 2003, 200 lenders went out of business in 2007, another rate cut already discounted but rates up, MONOPOLY COMPANY (WITH MONEY TO BURN AND WITH SIGNIFICANT OVERSEAS EARNINGS) MICROSOFT’S RICH TAKEOVER BID FOR YAHOO (IF THEY DO FOR YAHOO MAIL WHAT THEY DO FOR THEIR OWN HOTMAIL, DISASTER IN THE MAKING AND DON’T FORGET THE EXPERTS WHO UNIVERSALLY PAN THEIR MONEY-MAKING VISTA) SPURred IRRATIONALLY EXUBERANT STOCK PRICE RALLY DESPITE UNEXPECTEDLY LARGE LOSS OF 17,000 JOBS (A GAIN OF 70-80 THOUSAND WAS EXPECTED-LOSSES IN MANUFACTURING, CONSTRUCTION, FINANCE, AND EVEN BROKE GOVERNMENT SECTOR), CONSTRUCTION SPENDING DOWN, MORE BANK AND BOND COMPANY LOSSES ACKNOWLEDGED TO COME, MORE BACKWARD-LOOKING (TO fourth quarter) earnings b.s. talking points; ECONOMIST DR. IRVING KELLNER WHO SAYS WE’RE ALREADY IN RECESSION FURTHER POINTS OUT THAT STIMULUS PLAN AND RATE CUTS WON’T WORK SINCE THEY DON’T ADDRESS THE PROBLEM WHICH INCLUDES VALUATION OF MORTGAGE BACKED SECURITIES AND CONSEQUENT LOSSES TO BOND INSURERS, BANKS, ETC., AND PREDICTS FURTHER PRICE EROSION (-15-20%) IN REAL ESTATE PRICES COUNTRYWIDE; stimulus plan washington incompetents and dumbya bush (protect those incumbents with more bull s**t/spin/fraud) pledging more money they don’t have (print more/borrow more – hyperinflationary and stagflation - the fact is that they couldn’t borrow/print enough to remedy ie., the subprime fraud, etc.), one analyst recently explained that even as the DOW recently had hit new highs in u.s. as measured in real money, ie., gold, foreign currencies, etc., the DOW has actually fallen 70%, all of which foreign currencies are stronger against the weak dollar which will continue to decline which creates hyperinflation and exodus from same by global investors except those who are picking up prime u.s. financial assets on the cheap owing to u.s. desperation and greed (pay packages, compensation, etc.), P/E ratio analysis/comparison no longer apposite in light of declining dollar/fake reports/inflation which should be reflected in same (but is not), DOLLAR WAS DOWN SHARPLY ON NEWS OF CUT (HYPERINFLATIONARY - IT TAKES MORE WORTHLESS DOLLARS TO BUY ANYTHING, AS PANICKY FED LOOKS THE OTHER WAY), AS GOLD PREVIOUSLY HIT NEW INTRA-DAY RECORD HIGH AT $942.20 (CLOSED AT $910.20 THIS DAY/SILVER $17.35/PLATINUM $1,983.70) AS DID PLATINUM ALONG WITH OTHER METALS/COMMODITIES AND OIL HIT OVER $93 (CLOSED AT $93.27 THIS DAY), AN ANALYST SAYS WE’RE IN AN EARNINGS RECESSION AND HE IS ON THE BEAR SIDE OF THE LEGER, GOVERNMENT REPORTS LESS THAN EXPECTED GDP GROWTH IN FOURTH QUARTER AT .6% WHICH PROBABLY MEANS NEGATIVE SINCE THE GOVERNMENT LIES ABOUT ALMOST EVERYTHING, CASE/Shiller index-home prices fell 97% in fourth quarter, new home sales down a record 26% in 2007 (-4.7% in December, 2007), another analyst says we’re in recession while another says inflation is a significant problem moving forward (stagflation), dollar down, incumbents (just in time for the election) hoping to divert attention from their failed policies domestically, geopolitically, economically and otherwise as spending money they don’t have (they’re printing same and borrowing like crazy) will increase deficits and along with lower interest rates lower the value of the already worthless/internationally scorned dollar and dollar denominated assets including stocks (which rallied today despite the bad news) while as expected, hyperinflationary effects on oil, gold, commodity, etc., prices already immediately evident in today’s trading. 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 plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure SUBSTANTIALLY EXCEEDING EXPECTATIONS of PRIVATE SECTOR JOB GAINS (130,000). MERRILL LYNCH DOWNGRADED. UBS ANOTHER $14 BILLION IN WRITE-DOWNS ALONG WITH ANOTHER $8 BILLION FROM SOCIETE GENERALE. BOND INSURERS DOWNGRADES (WHICH WILL COST BANKS ANOTHER $40 BILLION) AND SEE ANOTHER $11 BILLION IN LOSSES. The MANTRA is the so-called stimulus plan, the logistics and length of time involved in Katrina-like execution guarantee only to forestall recognition of and accountability for ineptitude/corruption that leaves america, unlike during the great depression when america was neither globally hated nor broke as today, with a Weimar-Republic-like currency and continued failed leadership/policies and obfuscation of existing unsolved problems through blatant falsehoods, false data/reports,corruption, etc.. Housing prices for the first time since the great depression have fallen significantly and nationally. ALL PROBLEMS REMAIN. NOTHING HAS BEEN SOLVED. NOTHING HAS CHANGED except to give bull s**t/spin talking points to those responsible for u.s. decline. (ECONOMIST DR. IRVING KELLNER, MERRIL LYNCH ECONOMIST, AMONG OTHERS…..ALREADY IN RECESSION), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN THIRD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence near lows, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, 4th quarter earnings discounted long ago, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, lunatics’/suckers’ bear market rally (DOW +178, NASDAQ +53, S&P +18) to keep the suckers suckered and computerized commission trade dollars flowing. 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street]. (2-12-08) (DOW +133, NASDAQ -.2, S&P +9) OVER 200 POINT SWING TO THE POSITIVE YESTERDAY ALONG WITH TODAY’S SUCKERS’ BEAR MARKET/SHORT COVERING RALLY BASED ON NOTHING BUT BULL S**T ALONE, REINSURANCE BY BERKSHIRE BUFFET TOO EXPENSIVE (AND LIMITED TO MUNICIPALS) TO HELP AND REJECTED BY SOME BOND INSURERS IS STILL B.S. TALKING POINT FOR THE FRAUDS ON WALL STREET AS IS THE 30 DAY EXTENSION FOR DEFAULTS/FORECLOSURES SINCE 95% DON’T QUALIFY FOR WORKOUT AND FOR WHICH PROPERTIES HAVE NO EQUITY WHATSOEVER, ONE ANALYST SAYS GM WHICH REPORTED RECORD $38.7 BILLION 2007 LOSS ALONG WITH FORD HAVE NO BOOK VALUE AFTER REMOVING GOOD WILL (THEY’RE BROKE!), ONE BANK REPORTS FIRST LOSS EVER AND CUTS DIVIDEND RALLYING THE STOCK (RIIIIIGHT), PREVIOUS HIGH OIL PRICES RALLY STOCKS (RIIIIIGHT), AIG DOWN 11% ON DOWNGRADE/HIGHER THAN EXPECTED LOSSES IN ASSETS/SUBPRIME DERIVATIVES, ONE ANALYST/TRADER SAYS SELL INTO RALLIES WHILE ANOTHER SAYS STIMULUS PLAN JUST ELECTION YEAR SHOW AND WON’T DO ANYTHING BUT INCREASE BUDGET DEFICIT AND AT BEST INCREASE TRADE DEFICIT (PLASMA TV’S, ETC.), BOND INSURER SECURITY CAPITAL DOWNGRADED, ONE ANALYST QUOTES JOHN TEMPLETON (WHO HAPPENS TO HAVE SAID THE MARKET IS GOING TO CRASH) AND SAYS IN EFFECT THAT VOLATILE MARKETS AHEAD, EMERGING/GLOBAL MARKETS/COMMODITY EXPORTERS WILL FARE BEST, ECONOMIST SAYS STIMULUS PACKAGE WILL NOT WORK SINCE TOO SMALL AND SOME WILL NOT SPEND NOR WILL RATE CUTS WORK AS INFLATION NOT CONTROLLED AND CONSUMER/CORPORATE CONFIDENCE DOWN, DOLLAR DOWN, OIL UP SHARPLY TO CLOSE AT $93.59, ANOTHER ANALYST SAYS INCREASE IN WHOLESALE INVENTORIES AND INCREASED MORTGAGE AND CREDIT CARD DEFAULTS WILL SURPRISE TO THE DOWNSIDE AND OTHER THAN AN OCCASIONAL SHORT–COVERING RALLY NOT MUCH UPSIDE MOMENTUM EVEN WITH (HYPERINFLATIONARY) PUMP-PRIMING BY FED, DOLLAR DOWN, RETAIL SALES WEAKEST IN 40 YEARS, GLOOMY OUTLOOKS FROM BOTH CISCO AND WALMART (JANUARY SALES AT .5% UP FAR LESS THAN EXPECTATIONS) RALLIES BOTH STOCKS, ANOTHER ANALYST SAYS ALREADY IN RECESSION, R.E. EXPERT/ANALYST SAYS ANOTHER 15% DECLINE IN HOME PRICES FOR 2008 WHILE ANOTHER ANALYST SAYS DECLINING REAL ESTATE PRICES INTO 2009, ON TODAYS UP MARKET ANALYST SAYS THEY’RE TRYING TO MAKE A SILK PURSE FROM A SOW’S EAR IN LIGHT OF BAD ECONOMIC AND FINANCIAL NUMBERS, UNEMPLOYMENT ROLLS HIGHEST SINCE JUST AFTER KATRINA, ECONOMIST SAYS STIMULUS PLAN WILL NOT WORK SINCE SAME DOES NOT ADDRESS THE UNDERLYING PROBLEMS ALTHOUGH BULL S**T TALKING POINT SPIKES STOCK PRICES ON NEWS OF SENATE RESOLUTION, DOWNGRADES ON GM AND FORD CITING ACCELERATING WEAKNESS OF CONSUMERS/SPENDING, TOLL BROTHERS HOUSING CONTRACTS DOWN 46% AND CEO SAYS HE SEES NO END TO THE TURMOIL IN SIGHT, TIME WARNER NET DOWN 41% AND DISNEY NET DOWN 26% BUT BETTER THAN EXPECTED…..RIIIIIGHT…..STILL BACKWARD LOOKING AT FOURTH QUARTER WHEN SAME HAS BEEN OPTIMALLY DISCOUNTED ALREADY, TWO FED BANK PRESIDENTS SAY THEY MUST REMAIN VIGILANT AGAINST(HYPER)INFLATION (THEY KNOW FED’S BEEN PRINTING DOLLARS LIKE MAD), MACY’S TO CUT JOBS ON POOR RESULTS/OUTLOOK, AFTER THE BELL-LESS THAN ROSY OUTLOOK BY CISCO, fake (GOVERNMENT) report on productivity down to low 1.8% from 6% previously but still better than expected, ONE ANALYST SAYS GLOBAL SELLING OF DOLLAR DENOMINATED ASSETS/StOCKS, ANOTHER SAYS BEAR MARKET AND ALL SECTORS/GROUPS DOWN, THE ism (non-government report) service sector (now 2/3 of u.s. economy) index drops in january, 2008 far below expectations to 41.9 (less than 50% indicates contraction), more downgrades of consumer finance companies and banks, ken shreve of investors business daily says significant institutional selling and stock prices have not seen bottom yet, jeff lacker of richmond fed now uttering the ‘r’ word (recession), $3 Trillion budget with $400+ billion budget deficit, oil inventories up on fake (GOVERNMENT) report, factory orders up 2.3% on fake (GOVERNMENT) report and 2007 worse year since 2003, 200 lenders went out of business in 2007, another rate cut already discounted but rates up, MONOPOLY COMPANY (WITH MONEY TO BURN AND WITH SIGNIFICANT OVERSEAS EARNINGS) MICROSOFT’S RICH TAKEOVER BID FOR YAHOO (IF THEY DO FOR YAHOO MAIL WHAT THEY DO FOR THEIR OWN HOTMAIL, DISASTER IN THE MAKING AND DON’T FORGET THE EXPERTS WHO UNIVERSALLY PAN THEIR MONEY-MAKING VISTA) SPURred IRRATIONALLY EXUBERANT STOCK PRICE RALLY DESPITE UNEXPECTEDLY LARGE LOSS OF 17,000 JOBS (A GAIN OF 70-80 THOUSAND WAS EXPECTED-LOSSES IN MANUFACTURING, CONSTRUCTION, FINANCE, AND EVEN BROKE GOVERNMENT SECTOR), CONSTRUCTION SPENDING DOWN, MORE BANK AND BOND COMPANY LOSSES ACKNOWLEDGED TO COME, MORE BACKWARD-LOOKING (TO fourth quarter) earnings b.s. talking points; ECONOMIST DR. IRVING KELLNER WHO SAYS WE’RE ALREADY IN RECESSION FURTHER POINTS OUT THAT STIMULUS PLAN AND RATE CUTS WON’T WORK SINCE THEY DON’T ADDRESS THE PROBLEM WHICH INCLUDES VALUATION OF MORTGAGE BACKED SECURITIES AND CONSEQUENT LOSSES TO BOND INSURERS, BANKS, ETC., AND PREDICTS FURTHER PRICE EROSION (-15-20%) IN REAL ESTATE PRICES COUNTRYWIDE; stimulus plan washington incompetents and dumbya bush (protect those incumbents with more bull s**t/spin/fraud) pledging more money they don’t have (print more/borrow more – hyperinflationary and stagflation - the fact is that they couldn’t borrow/print enough to remedy ie., the subprime fraud, etc.), one analyst recently explained that even as the DOW recently had hit new highs in u.s. as measured in real money, ie., gold, foreign currencies, etc., the DOW has actually fallen 70%, all of which foreign currencies are stronger against the weak dollar which will continue to decline which creates hyperinflation and exodus from same by global investors except those who are picking up prime u.s. financial assets on the cheap owing to u.s. desperation and greed (pay packages, compensation, etc.), P/E ratio analysis/comparison no longer apposite in light of declining dollar/fake reports/inflation which should be reflected in same (but is not), DOLLAR WAS DOWN SHARPLY ON NEWS OF CUT (HYPERINFLATIONARY - IT TAKES MORE WORTHLESS DOLLARS TO BUY ANYTHING, AS PANICKY FED LOOKS THE OTHER WAY), AS GOLD PREVIOUSLY HIT NEW INTRA-DAY RECORD HIGH AT $942.20 (CLOSED AT $911.10 THIS DAY/SILVER $17.25/PLATINUM $1,922) AS DID PLATINUM ALONG WITH OTHER METALS/COMMODITIES AND OIL HIT OVER $93 (CLOSED AT $92.78 THIS DAY), AN ANALYST SAYS WE’RE IN AN EARNINGS RECESSION AND HE IS ON THE BEAR SIDE OF THE LEGER, GOVERNMENT REPORTS LESS THAN EXPECTED GDP GROWTH IN FOURTH QUARTER AT .6% WHICH PROBABLY MEANS NEGATIVE SINCE THE GOVERNMENT LIES ABOUT ALMOST EVERYTHING, CASE/Shiller index-home prices fell 97% in fourth quarter, new home sales down a record 26% in 2007 (-4.7% in December, 2007), another analyst says we’re in recession while another says inflation is a significant problem moving forward (stagflation), dollar down, incumbents (just in time for the election) hoping to divert attention from their failed policies domestically, geopolitically, economically and otherwise as spending money they don’t have (they’re printing same and borrowing like crazy) will increase deficits and along with lower interest rates lower the value of the already worthless/internationally scorned dollar and dollar denominated assets including stocks (which rallied today despite the bad news) while as expected, hyperinflationary effects on oil, gold, commodity, etc., prices already immediately evident in today’s trading. 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 plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure SUBSTANTIALLY EXCEEDING EXPECTATIONS of PRIVATE SECTOR JOB GAINS (130,000). MERRILL LYNCH DOWNGRADED. UBS ANOTHER $14 BILLION IN WRITE-DOWNS ALONG WITH ANOTHER $8 BILLION FROM SOCIETE GENERALE. BOND INSURERS DOWNGRADES (WHICH WILL COST BANKS ANOTHER $40 BILLION) AND SEE ANOTHER $11 BILLION IN LOSSES. The MANTRA is the so-called stimulus plan, the logistics and length of time involved in Katrina-like execution guarantee only to forestall recognition of and accountability for ineptitude/corruption that leaves america, unlike during the great depression when america was neither globally hated nor broke as today, with a Weimar-Republic-like currency and continued failed leadership/policies and obfuscation of existing unsolved problems through blatant falsehoods, false data/reports,corruption, etc.. Housing prices for the first time since the great depression have fallen significantly and nationally. ALL PROBLEMS REMAIN. NOTHING HAS BEEN SOLVED. NOTHING HAS CHANGED except to give bull s**t/spin talking points to those responsible for u.s. decline. (ECONOMIST DR. IRVING KELLNER, MERRIL LYNCH ECONOMIST, AMONG OTHERS…..ALREADY IN RECESSION), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN THIRD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence near lows, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, 4th quarter earnings discounted long ago, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, lunatics’/suckers’ bear market rally (DOW +133, NASDAQ -.2, S&P +9) to keep the suckers suckered and computerized commission trade dollars flowing. 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street]. (2-11-08) (DOW +57, NASDAQ +15, S&P +7) HIGH OIL PRICES RALLY STOCKS (RIIIIIGHT), AIG DOWN 11% ON DOWNGRADE/HIGHER THAN EXPECTED LOSSES IN ASSETS/SUBPRIME DERIVATIVES, ONE ANALYST/TRADER SAYS SELL INTO RALLIES WHILE ANOTHER SAYS STIMULUS PLAN JUST ELECTION YEAR SHOW AND WON’T DO ANYTHING BUT INCREASE BUDGET DEFICIT AND AT BEST INCREASE TRADE DEFICIT (PLASMA TV’S, ETC.), BOND INSURER SECURITY CAPITAL DOWNGRADED, ONE ANALYST QUOTES JOHN TEMPLETON (WHO HAPPENS TO HAVE SAID THE MARKET IS GOING TO CRASH) AND SAYS IN EFFECT THAT VOLATILE MARKETS AHEAD, EMERGING/GLOBAL MARKETS/COMMODITY EXPORTERS WILL FARE BEST, ECONOMIST SAYS STIMULUS PACKAGE WILL NOT WORK SINCE TOO SMALL AND SOME WILL NOT SPEND NOR WILL RATE CUTS WORK AS INFLATION NOT CONTROLLED AND CONSUMER/CORPORATE CONFIDENCE DOWN, DOLLAR DOWN, OIL UP SHARPLY TO CLOSE AT $93.59, ANOTHER ANALYST SAYS INCREASE IN WHOLESALE INVENTORIES AND INCREASED MORTGAGE AND CREDIT CARD DEFAULTS WILL SURPRISE TO THE DOWNSIDE AND OTHER THAN AN OCCASIONAL SHORT–COVERING RALLY NOT MUCH UPSIDE MOMENTUM EVEN WITH (HYPERINFLATIONARY) PUMP-PRIMING BY FED, DOLLAR DOWN, RETAIL SALES WEAKEST IN 40 YEARS, GLOOMY OUTLOOKS FROM BOTH CISCO AND WALMART (JANUARY SALES AT .5% UP FAR LESS THAN EXPECTATIONS) RALLIES BOTH STOCKS, ANOTHER ANALYST SAYS ALREADY IN RECESSION, R.E. EXPERT/ANALYST SAYS ANOTHER 15% DECLINE IN HOME PRICES FOR 2008 WHILE ANOTHER ANALYST SAYS DECLINING REAL ESTATE PRICES INTO 2009, ON TODAYS UP MARKET ANALYST SAYS THEY’RE TRYING TO MAKE A SILK PURSE FROM A SOW’S EAR IN LIGHT OF BAD ECONOMIC AND FINANCIAL NUMBERS, UNEMPLOYMENT ROLLS HIGHEST SINCE JUST AFTER KATRINA, ECONOMIST SAYS STIMULUS PLAN WILL NOT WORK SINCE SAME DOES NOT ADDRESS THE UNDERLYING PROBLEMS ALTHOUGH BULL S**T TALKING POINT SPIKES STOCK PRICES ON NEWS OF SENATE RESOLUTION, DOWNGRADES ON GM AND FORD CITING ACCELERATING WEAKNESS OF CONSUMERS/SPENDING, TOLL BROTHERS HOUSING CONTRACTS DOWN 46% AND CEO SAYS HE SEES NO END TO THE TURMOIL IN SIGHT, TIME WARNER NET DOWN 41% AND DISNEY NET DOWN 26% BUT BETTER THAN EXPECTED…..RIIIIIGHT…..STILL BACKWARD LOOKING AT FOURTH QUARTER WHEN SAME HAS BEEN OPTIMALLY DISCOUNTED ALREADY, TWO FED BANK PRESIDENTS SAY THEY MUST REMAIN VIGILANT AGAINST(HYPER)INFLATION (THEY KNOW FED’S BEEN PRINTING DOLLARS LIKE MAD), MACY’S TO CUT JOBS ON POOR RESULTS/OUTLOOK, AFTER THE BELL-LESS THAN ROSY OUTLOOK BY CISCO, fake (GOVERNMENT) report on productivity down to low 1.8% from 6% previously but still better than expected, ONE ANALYST SAYS GLOBAL SELLING OF DOLLAR DENOMINATED ASSETS/StOCKS, ANOTHER SAYS BEAR MARKET AND ALL SECTORS/GROUPS DOWN, THE ism (non-government report) service sector (now 2/3 of u.s. economy) index drops in january, 2008 far below expectations to 41.9 (less than 50% indicates contraction), more downgrades of consumer finance companies and banks, ken shreve of investors business daily says significant institutional selling and stock prices have not seen bottom yet, jeff lacker of richmond fed now uttering the ‘r’ word (recession), $3 Trillion budget with $400+ billion budget deficit, oil inventories up on fake (GOVERNMENT) report, factory orders up 2.3% on fake (GOVERNMENT) report and 2007 worse year since 2003, 200 lenders went out of business in 2007, another rate cut already discounted but rates up, MONOPOLY COMPANY (WITH MONEY TO BURN AND WITH SIGNIFICANT OVERSEAS EARNINGS) MICROSOFT’S RICH TAKEOVER BID FOR YAHOO (IF THEY DO FOR YAHOO MAIL WHAT THEY DO FOR THEIR OWN HOTMAIL, DISASTER IN THE MAKING AND DON’T FORGET THE EXPERTS WHO UNIVERSALLY PAN THEIR MONEY-MAKING VISTA) SPURred IRRATIONALLY EXUBERANT STOCK PRICE RALLY DESPITE UNEXPECTEDLY LARGE LOSS OF 17,000 JOBS (A GAIN OF 70-80 THOUSAND WAS EXPECTED-LOSSES IN MANUFACTURING, CONSTRUCTION, FINANCE, AND EVEN BROKE GOVERNMENT SECTOR), CONSTRUCTION SPENDING DOWN, MORE BANK AND BOND COMPANY LOSSES ACKNOWLEDGED TO COME, MORE BACKWARD-LOOKING (TO fourth quarter) earnings b.s. talking points; ECONOMIST DR. IRVING KELLNER WHO SAYS WE’RE ALREADY IN RECESSION FURTHER POINTS OUT THAT STIMULUS PLAN AND RATE CUTS WON’T WORK SINCE THEY DON’T ADDRESS THE PROBLEM WHICH INCLUDES VALUATION OF MORTGAGE BACKED SECURITIES AND CONSEQUENT LOSSES TO BOND INSURERS, BANKS, ETC., AND PREDICTS FURTHER PRICE EROSION (-15-20%) IN REAL ESTATE PRICES COUNTRYWIDE; stimulus plan washington incompetents and dumbya bush (protect those incumbents with more bull s**t/spin/fraud) pledging more money they don’t have (print more/borrow more – hyperinflationary and stagflation - the fact is that they couldn’t borrow/print enough to remedy ie., the subprime fraud, etc.), one analyst recently explained that even as the DOW recently had hit new highs in u.s. as measured in real money, ie., gold, foreign currencies, etc., the DOW has actually fallen 70%, all of which foreign currencies are stronger against the weak dollar which will continue to decline which creates hyperinflation and exodus from same by global investors except those who are picking up prime u.s. financial assets on the cheap owing to u.s. desperation and greed (pay packages, compensation, etc.), P/E ratio analysis/comparison no longer apposite in light of declining dollar/fake reports/inflation which should be reflected in same (but is not), DOLLAR WAS DOWN SHARPLY ON NEWS OF CUT (HYPERINFLATIONARY - IT TAKES MORE WORTHLESS DOLLARS TO BUY ANYTHING, AS PANICKY FED LOOKS THE OTHER WAY), AS GOLD HIT NEW INTRA-DAY RECORD HIGH AT $942.20 (CLOSED AT $926.70 THIS DAY/SILVER $16.98/PLATINUM NEW RECORD AT $1,939) AS DID PLATINUM ALONG WITH OTHER METALS/COMMODITIES AND OIL HIT OVER $93 (CLOSED AT $93.59 THIS DAY), AN ANALYST SAYS WE’RE IN AN EARNINGS RECESSION AND HE IS ON THE BEAR SIDE OF THE LEGER, GOVERNMENT REPORTS LESS THAN EXPECTED GDP GROWTH IN FOURTH QUARTER AT .6% WHICH PROBABLY MEANS NEGATIVE SINCE THE GOVERNMENT LIES ABOUT ALMOST EVERYTHING, CASE/Shiller index-home prices fell 97% in fourth quarter, new home sales down a record 26% in 2007 (-4.7% in December, 2007), another analyst says we’re in recession while another says inflation is a significant problem moving forward (stagflation), dollar down, incumbents (just in time for the election) hoping to divert attention from their failed policies domestically, geopolitically, economically and otherwise as spending money they don’t have (they’re printing same and borrowing like crazy) will increase deficits and along with lower interest rates lower the value of the already worthless/internationally scorned dollar and dollar denominated assets including stocks (which rallied today despite the bad news) while as expected, hyperinflationary effects on oil, gold, commodity, etc., prices already immediately evident in today’s trading. 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 plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure SUBSTANTIALLY EXCEEDING EXPECTATIONS of PRIVATE SECTOR JOB GAINS (130,000). MERRILL LYNCH DOWNGRADED. UBS ANOTHER $14 BILLION IN WRITE-DOWNS ALONG WITH ANOTHER $8 BILLION FROM SOCIETE GENERALE. BOND INSURERS DOWNGRADES (WHICH WILL COST BANKS ANOTHER $40 BILLION) AND SEE ANOTHER $11 BILLION IN LOSSES. The MANTRA is the so-called stimulus plan, the logistics and length of time involved in Katrina-like execution guarantee only to forestall recognition of and accountability for ineptitude/corruption that leaves america, unlike during the great depression when america was neither globally hated nor broke as today, with a Weimar-Republic-like currency and continued failed leadership/policies and obfuscation of existing unsolved problems through blatant falsehoods, false data/reports,corruption, etc.. Housing prices for the first time since the great depression have fallen significantly and nationally. ALL PROBLEMS REMAIN. NOTHING HAS BEEN SOLVED. NOTHING HAS CHANGED except to give bull s**t/spin talking points to those responsible for u.s. decline. (ECONOMIST DR. IRVING KELLNER, MERRIL LYNCH ECONOMIST, AMONG OTHERS…..ALREADY IN RECESSION), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN THIRD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence near lows, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, 4th quarter earnings discounted long ago, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, lunatics’/suckers’ bear market rally INTO THE CLOSE (DOW +57, NASDAQ +15, S&P +7) to keep the suckers suckered and computerized commission trade dollars flowing. 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street]. (2-08-08) (DOW -64, NASDAQ +11, S&P -6) AMAZON STOCK BUYBACK (IF THEY DON’T PURCHASE THEIR OWN STOCK WHO WILL?) SPARKS TECH/NASDAQ RALLY BASED ON NOTHING AT ALL, BOND INSURER SECURITY CAPITAL DOWNGRADED, ONE ANALYST QUOTES JOHN TEMPLETON (WHO HAPPENS TO HAVE SAID THE MARKET IS GOING TO CRASH) AND SAYS IN EFFECT THAT VOLATILE MARKETS AHEAD IN WHICH THEY WILL GO UP AND DOWN AND THAT INFLATION WILL RISE AND EMERGING/GLOBAL MARKETS/COMMODITY EXPORTERS WILL FARE BEST, ECONOMIST SAYS STIMULUS PACKAGE WILL NOT WORK SINCE TOO SMALL AND SOME WILL NOT SPEND NOR WILL RATE CUTS WORK AS INFLATION NOT CONTROLLED AND CONSUMER/CORPORATE CONFIDENCE DOWN, DOLLAR DOWN, OIL UP SHARPLY TO CLOSE AT $91.77, ANOTHER ANALYST SAYS INCREASE IN WHOLESALE INVENTORIES AND INCREASED MORTGAGE AND CREDIT CARD DEFAULTS WILL SURPRISE TO THE DOWNSIDE AND OTHER THAN AN OCCASIONAL SHORT–COVERING RALLY NOT MUCH UPSIDE MOMENTUM EVEN WITH (HYPERINFLATIONARY) PUMP-PRIMING BY FED, DOLLAR DOWN, RETAIL SALES WEAKEST IN 40 YEARS, GLOOMY OUTLOOKS FROM BOTH CISCO AND WALMART (JANUARY SALES AT .5% UP FAR LESS THAN EXPECTATIONS) RALLIES BOTH STOCKS, ANOTHER ANALYST SAYS ALREADY IN RECESSION, R.E. EXPERT/ANALYST SAYS ANOTHER 15% DECLINE IN HOME PRICES FOR 2008 WHILE ANOTHER ANALYST SAYS DECLINING REAL ESTATE PRICES INTO 2009, ON TODAYS UP MARKET ANALYST SAYS THEY’RE TRYING TO MAKE A SILK PURSE FROM A SOW’S EAR IN LIGHT OF BAD ECONOMIC AND FINANCIAL NUMBERS, UNEMPLOYMENT ROLLS HIGHEST SINCE JUST AFTER KATRINA, ECONOMIST SAYS STIMULUS PLAN WILL NOT WORK SINCE SAME DOES NOT ADDRESS THE UNDERLYING PROBLEMS ALTHOUGH BULL S**T TALKING POINT SPIKES STOCK PRICES ON NEWS OF SENATE RESOLUTION, DOWNGRADES ON GM AND FORD CITING ACCELERATING WEAKNESS OF CONSUMERS/SPENDING, TOLL BROTHERS HOUSING CONTRACTS DOWN 46% AND CEO SAYS HE SEES NO END TO THE TURMOIL IN SIGHT, TIME WARNER NET DOWN 41% AND DISNEY NET DOWN 26% BUT BETTER THAN EXPECTED…..RIIIIIGHT…..STILL BACKWARD LOOKING AT FOURTH QUARTER WHEN SAME HAS BEEN OPTIMALLY DISCOUNTED ALREADY, TWO FED BANK PRESIDENTS SAY THEY MUST REMAIN VIGILANT AGAINST(HYPER)INFLATION (THEY KNOW FED’S BEEN PRINTING DOLLARS LIKE MAD), MACY’S TO CUT JOBS ON POOR RESULTS/OUTLOOK, AFTER THE BELL-LESS THAN ROSY OUTLOOK BY CISCO, fake (GOVERNMENT) report on productivity down to low 1.8% from 6% previously but still better than expected, ONE ANALYST SAYS GLOBAL SELLING OF DOLLAR DENOMINATED ASSETS/StOCKS, ANOTHER SAYS BEAR MARKET AND ALL SECTORS/GROUPS DOWN, THE ism (non-government report) service sector (now 2/3 of u.s. economy) index drops in january, 2008 far below expectations to 41.9 (less than 50% indicates contraction), more downgrades of consumer finance companies and banks, ken shreve of investors business daily says significant institutional selling and stock prices have not seen bottom yet, jeff lacker of richmond fed now uttering the ‘r’ word (recession), $3 Trillion budget with $400+ billion budget deficit, oil inventories up on fake (GOVERNMENT) report, factory orders up 2.3% on fake (GOVERNMENT) report and 2007 worse year since 2003, 200 lenders went out of business in 2007, another rate cut already discounted but rates up, MONOPOLY COMPANY (WITH MONEY TO BURN AND WITH SIGNIFICANT OVERSEAS EARNINGS) MICROSOFT’S RICH TAKEOVER BID FOR YAHOO (IF THEY DO FOR YAHOO MAIL WHAT THEY DO FOR THEIR OWN HOTMAIL, DISASTER IN THE MAKING AND DON’T FORGET THE EXPERTS WHO UNIVERSALLY PAN THEIR MONEY-MAKING VISTA) SPURred IRRATIONALLY EXUBERANT STOCK PRICE RALLY DESPITE UNEXPECTEDLY LARGE LOSS OF 17,000 JOBS (A GAIN OF 70-80 THOUSAND WAS EXPECTED-LOSSES IN MANUFACTURING, CONSTRUCTION, FINANCE, AND EVEN BROKE GOVERNMENT SECTOR), CONSTRUCTION SPENDING DOWN, MORE BANK AND BOND COMPANY LOSSES ACKNOWLEDGED TO COME, MORE BACKWARD-LOOKING (TO fourth quarter) earnings b.s. talking points; ECONOMIST DR. IRVING KELLNER WHO SAYS WE’RE ALREADY IN RECESSION FURTHER POINTS OUT THAT STIMULUS PLAN AND RATE CUTS WON’T WORK SINCE THEY DON’T ADDRESS THE PROBLEM WHICH INCLUDES VALUATION OF MORTGAGE BACKED SECURITIES AND CONSEQUENT LOSSES TO BOND INSURERS, BANKS, ETC., AND PREDICTS FURTHER PRICE EROSION (-15-20%) IN REAL ESTATE PRICES COUNTRYWIDE; stimulus plan washington incompetents and dumbya bush (protect those incumbents with more bull s**t/spin/fraud) pledging more money they don’t have (print more/borrow more – hyperinflationary and stagflation - the fact is that they couldn’t borrow/print enough to remedy ie., the subprime fraud, etc.), one analyst recently explained that even as the DOW recently had hit new highs in u.s. as measured in real money, ie., gold, foreign currencies, etc., the DOW has actually fallen 70%, all of which foreign currencies are stronger against the weak dollar which will continue to decline which creates hyperinflation and exodus from same by global investors except those who are picking up prime u.s. financial assets on the cheap owing to u.s. desperation and greed (pay packages, compensation, etc.), P/E ratio analysis/comparison no longer apposite in light of declining dollar/fake reports/inflation which should be reflected in same (but is not), DOLLAR WAS DOWN SHARPLY ON NEWS OF CUT (HYPERINFLATIONARY - IT TAKES MORE WORTHLESS DOLLARS TO BUY ANYTHING, AS PANICKY FED LOOKS THE OTHER WAY), AS GOLD HIT NEW INTRA-DAY RECORD HIGH AT $942.20 (CLOSED AT $922 THIS DAY/SILVER $16.98/PLATINUM NEW RECORD AT $1,884) AS DID PLATINUM ALONG WITH OTHER METALS/COMMODITIES AND OIL HIT OVER $92 (CLOSED AT $91.77 THIS DAY), AN ANALYST SAYS WE’RE IN AN EARNINGS RECESSION AND HE IS ON THE BEAR SIDE OF THE LEGER, GOVERNMENT REPORTS LESS THAN EXPECTED GDP GROWTH IN FOURTH QUARTER AT .6% WHICH PROBABLY MEANS NEGATIVE SINCE THE GOVERNMENT LIES ABOUT ALMOST EVERYTHING, CASE/Shiller index-home prices fell 97% in fourth quarter, new home sales down a record 26% in 2007 (-4.7% in December, 2007), another analyst says we’re in recession while another says inflation is a significant problem moving forward (stagflation), dollar down, incumbents (just in time for the election) hoping to divert attention from their failed policies domestically, geopolitically, economically and otherwise as spending money they don’t have (they’re printing same and borrowing like crazy) will increase deficits and along with lower interest rates lower the value of the already worthless/internationally scorned dollar and dollar denominated assets including stocks (which rallied today despite the bad news) while as expected, hyperinflationary effects on oil, gold, commodity, etc., prices already immediately evident in today’s trading. 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 plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure SUBSTANTIALLY EXCEEDING EXPECTATIONS of PRIVATE SECTOR JOB GAINS (130,000). MERRILL LYNCH DOWNGRADED. UBS ANOTHER $14 BILLION IN WRITE-DOWNS ALONG WITH ANOTHER $8 BILLION FROM SOCIETE GENERALE. BOND INSURERS DOWNGRADES (WHICH WILL COST BANKS ANOTHER $40 BILLION) AND SEE ANOTHER $11 BILLION IN LOSSES. The MANTRA is the so-called stimulus plan, the logistics and length of time involved in Katrina-like execution guarantee only to forestall recognition of and accountability for ineptitude/corruption that leaves america, unlike during the great depression when america was neither globally hated nor broke as today, with a Weimar-Republic-like currency and continued failed leadership/policies and obfuscation of existing unsolved problems through blatant falsehoods, false data/reports,corruption, etc.. Housing prices for the first time since the great depression have fallen significantly and nationally. ALL PROBLEMS REMAIN. NOTHING HAS BEEN SOLVED. NOTHING HAS CHANGED except to give bull s**t/spin talking points to those responsible for u.s. decline. (ECONOMIST DR. IRVING KELLNER, MERRIL LYNCH ECONOMIST, AMONG OTHERS…..ALREADY IN RECESSION), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN THIRD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence near lows, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, 4th quarter earnings discounted long ago, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, lunatics’/suckers’ bear market rally INTO THE CLOSE FOR MIXED FINISH (DOW -64, NASDAQ +11, S&P -6) to keep the suckers suckered and computerized commission trade dollars flowing. 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street]. (2-07-08) (DOW +46, NASDAQ +14 S&P +10) SUCKERS BEAR MARKET RALLY: RETAIL SALES WEAKEST IN 40 YEARS, GLOOMY OUTLOOKS FROM BOTH CISCO AND WALMART (JANUARY SALES AT .5% UP FAR LESS THAN EXPECTATIONS) RALLIES BOTH STOCKS, ANOTHER ANALYST SAYS ALREADY IN RECESSION, R.E. EXPERT/ANALYST SAYS ANOTHER 15% DECLINE IN HOME PRICES FOR 2008 WHILE ANOTHER ANALYST SAYS DECLINING REAL ESTATE PRICES INTO 2009, ON TODAYS UP MARKET ANALYST SAYS THEY’RE TRYING TO MAKE A SILK PURSE FROM A SOW’S EAR IN LIGHT OF BAD ECONOMIC AND FINANCIAL NUMBERS, UNEMPLOYMENT ROLLS HIGHEST SINCE JUST AFTER KATRINA, ECONOMIST SAYS STIMULUS PLAN WILL NOT WORK SINCE SAME DOES NOT ADDRESS THE UNDERLYING PROBLEMS ALTHOUGH BULL S**T TALKING POINT SPIKES STOCK PRICES ON NEWS OF SENATE RESOLUTION, DOWNGRADES ON GM AND FORD CITING ACCELERATING WEAKNESS OF CONSUMERS/SPENDING, TOLL BROTHERS HOUSING CONTRACTS DOWN 46% AND CEO SAYS HE SEES NO END TO THE TURMOIL IN SIGHT, TIME WARNER NET DOWN 41% AND DISNEY NET DOWN 26% BUT BETTER THAN EXPECTED…..RIIIIIGHT…..STILL BACKWARD LOOKING AT FOURTH QUARTER WHEN SAME HAS BEEN OPTIMALLY DISCOUNTED ALREADY, TWO FED BANK PRESIDENTS SAY THEY MUST REMAIN VIGILANT AGAINST(HYPER)INFLATION (THEY KNOW FED’S BEEN PRINTING DOLLARS LIKE MAD), MACY’S TO CUT JOBS ON POOR RESULTS/OUTLOOK, AFTER THE BELL-LESS THAN ROSY OUTLOOK BY CISCO, fake (GOVERNMENT) report on productivity down to low 1.8% from 6% previously but still better than expected, ONE ANALYST SAYS GLOBAL SELLING OF DOLLAR DENOMINATED ASSETS/StOCKS, ANOTHER SAYS BEAR MARKET AND ALL SECTORS/GROUPS DOWN, THE ism (non-government report) service sector (now 2/3 of u.s. economy) index drops in january, 2008 far below expectations to 41.9 (less than 50% indicates contraction), more downgrades of consumer finance companies and banks, ken shreve of investors business daily says significant institutional selling and stock prices have not seen bottom yet, jeff lacker of richmond fed now uttering the ‘r’ word (recession), $3 Trillion budget with $400+ billion budget deficit, oil inventories up on fake (GOVERNMENT) report, factory orders up 2.3% on fake (GOVERNMENT) report and 2007 worse year since 2003, 200 lenders went out of business in 2007, another rate cut already discounted but rates up, MONOPOLY COMPANY (WITH MONEY TO BURN AND WITH SIGNIFICANT OVERSEAS EARNINGS) MICROSOFT’S RICH TAKEOVER BID FOR YAHOO (IF THEY DO FOR YAHOO MAIL WHAT THEY DO FOR THEIR OWN HOTMAIL, DISASTER IN THE MAKING AND DON’T FORGET THE EXPERTS WHO UNIVERSALLY PAN THEIR MONEY-MAKING VISTA) SPURred IRRATIONALLY EXUBERANT STOCK PRICE RALLY DESPITE UNEXPECTEDLY LARGE LOSS OF 17,000 JOBS (A GAIN OF 70-80 THOUSAND WAS EXPECTED-LOSSES IN MANUFACTURING, CONSTRUCTION, FINANCE, AND EVEN BROKE GOVERNMENT SECTOR), CONSTRUCTION SPENDING DOWN, MORE BANK AND BOND COMPANY LOSSES ACKNOWLEDGED TO COME, MORE BACKWARD-LOOKING (TO fourth quarter) earnings b.s. talking points; ECONOMIST DR. IRVING KELLNER WHO SAYS WE’RE ALREADY IN RECESSION FURTHER POINTS OUT THAT STIMULUS PLAN AND RATE CUTS WON’T WORK SINCE THEY DON’T ADDRESS THE PROBLEM WHICH INCLUDES VALUATION OF MORTGAGE BACKED SECURITIES AND CONSEQUENT LOSSES TO BOND INSURERS, BANKS, ETC., AND PREDICTS FURTHER PRICE EROSION (-15-20%) IN REAL ESTATE PRICES COUNTRYWIDE; stimulus plan washington incompetents and dumbya bush (protect those incumbents with more bull s**t/spin/fraud) pledging more money they don’t have (print more/borrow more – hyperinflationary and stagflation - the fact is that they couldn’t borrow/print enough to remedy ie., the subprime fraud, etc.), one analyst recently explained that even as the DOW recently had hit new highs in u.s. as measured in real money, ie., gold, foreign currencies, etc., the DOW has actually fallen 70%, all of which foreign currencies are stronger against the weak dollar which will continue to decline which creates hyperinflation and exodus from same by global investors except those who are picking up prime u.s. financial assets on the cheap owing to u.s. desperation and greed (pay packages, compensation, etc.), P/E ratio analysis/comparison no longer apposite in light of declining dollar/fake reports/inflation which should be reflected in same (but is not), DOLLAR WAS DOWN SHARPLY ON NEWS OF CUT (HYPERINFLATIONARY - IT TAKES MORE WORTHLESS DOLLARS TO BUY ANYTHING, AS PANICKY FED LOOKS THE OTHER WAY), AS GOLD HIT NEW INTRA-DAY RECORD HIGH AT $942.20 (CLOSED AT $910 THIS DAY/SILVER $16.77) AS DID PLATINUM ALONG WITH OTHER METALS/COMMODITIES AND OIL HIT OVER $92 (CLOSED AT $88.11 THIS DAY), AN ANALYST SAYS WE’RE IN AN EARNINGS RECESSION AND HE IS ON THE BEAR SIDE OF THE LEGER, GOVERNMENT REPORTS LESS THAN EXPECTED GDP GROWTH IN FOURTH QUARTER AT .6% WHICH PROBABLY MEANS NEGATIVE SINCE THE GOVERNMENT LIES ABOUT ALMOST EVERYTHING, CASE/Shiller index-home prices fell 97% in fourth quarter, new home sales down a record 26% in 2007 (-4.7% in December, 2007), another analyst says we’re in recession while another says inflation is a significant problem moving forward (stagflation), dollar down, incumbents (just in time for the election) hoping to divert attention from their failed policies domestically, geopolitically, economically and otherwise as spending money they don’t have (they’re printing same and borrowing like crazy) will increase deficits and along with lower interest rates lower the value of the already worthless/internationally scorned dollar and dollar denominated assets including stocks (which rallied today despite the bad news) while as expected, hyperinflationary effects on oil, gold, commodity, etc., prices already immediately evident in today’s trading. 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 plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure SUBSTANTIALLY EXCEEDING EXPECTATIONS of PRIVATE SECTOR JOB GAINS (130,000). MERRILL LYNCH DOWNGRADED. UBS ANOTHER $14 BILLION IN WRITE-DOWNS ALONG WITH ANOTHER $8 BILLION FROM SOCIETE GENERALE. BOND INSURERS DOWNGRADES (WHICH WILL COST BANKS ANOTHER $40 BILLION) AND SEE ANOTHER $11 BILLION IN LOSSES. The MANTRA is the so-called stimulus plan, the logistics and length of time involved in Katrina-like execution guarantee only to forestall recognition of and accountability for ineptitude/corruption that leaves america, unlike during the great depression when america was neither globally hated nor broke as today, with a Weimar-Republic-like currency and continued failed leadership/policies and obfuscation of existing unsolved problems through blatant falsehoods, false data/reports,corruption, etc.. Housing prices for the first time since the great depression have fallen significantly and nationally. ALL PROBLEMS REMAIN. NOTHING HAS BEEN SOLVED. NOTHING HAS CHANGED except to give bull s**t/spin talking points to those responsible for u.s. decline. (ECONOMIST DR. IRVING KELLNER, MERRIL LYNCH ECONOMIST, AMONG OTHERS…..ALREADY IN RECESSION), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN THIRD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence near lows, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, 4th quarter earnings discounted long ago, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, lunatics’/suckers’ bear market rally (DOW +46, NASDAQ +14 S&P +10) to keep the suckers suckered and computerized commission trade dollars flowing. 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street]. (2-06-08) (DOW -65, NASDAQ 30, S&P –10) DOWNGRADES ON GM AND FORD CITING ACCELERATING WEAKNESS OF CONSUMERS/SPENDING, TOLL BROTHERS HOUSING CONTRACTS DOWN 46% AND CEO SAYS HE SEES NO END TO THE TURMOIL IN SIGHT, TIME WARNER NET DOWN 41% AND DISNEY NET DOWN 26% BUT BETTER THAN EXPECTED…..RIIIIIGHT…..STILL BACKWARD LOOKING AT FOURTH QUARTER WHEN SAME HAS BEEN OPTIMALLY DISCOUNTED ALREADY, TWO FED BANK PRESIDENTS SAY THEY MUST REMAIN VIGILANT AGAINST(HYPER)INFLATION (THEY KNOW FED’S BEEN PRINTING DOLLARS LIKE MAD), MACY’S TO CUT JOBS ON POOR RESULTS/OUTLOOK, AFTER THE BELL-LESS THAN ROSY OUTLOOK BY CISCO, fake (GOVERNMENT) report on productivity down to low 1.8% from 6% previously but still better than expected, ONE ANALYST SAYS GLOBAL SELLING OF DOLLAR DENOMINATED ASSETS/StOCKS, ANOTHER SAYS BEAR MARKET AND ALL SECTORS/GROUPS DOWN, THE ism (non-government report) service sector (now 2/3 of u.s. economy) index drops in january, 2008 far below expectations to 41.9 (less than 50% indicates contraction), more downgrades of consumer finance companies and banks, ken shreve of investors business daily says significant institutional selling and stock prices have not seen bottom yet, jeff lacker of richmond fed now uttering the ‘r’ word (recession), $3 Trillion budget with $400+ billion budget deficit, oil inventories up on fake (GOVERNMENT) report, factory orders up 2.3% on fake (GOVERNMENT) report and 2007 worse year since 2003, 200 lenders went out of business in 2007, another rate cut already discounted but rates up, MONOPOLY COMPANY (WITH MONEY TO BURN AND WITH SIGNIFICANT OVERSEAS EARNINGS) MICROSOFT’S RICH TAKEOVER BID FOR YAHOO (IF THEY DO FOR YAHOO MAIL WHAT THEY DO FOR THEIR OWN HOTMAIL, DISASTER IN THE MAKING AND DON’T FORGET THE EXPERTS WHO UNIVERSALLY PAN THEIR MONEY-MAKING VISTA) SPURred IRRATIONALLY EXUBERANT STOCK PRICE RALLY DESPITE UNEXPECTEDLY LARGE LOSS OF 17,000 JOBS (A GAIN OF 70-80 THOUSAND WAS EXPECTED-LOSSES IN MANUFACTURING, CONSTRUCTION, FINANCE, AND EVEN BROKE GOVERNMENT SECTOR), CONSTRUCTION SPENDING DOWN, MORE BANK AND BOND COMPANY LOSSES ACKNOWLEDGED TO COME, MORE BACKWARD-LOOKING (TO fourth quarter) earnings b.s. talking points; ECONOMIST DR. IRVING KELLNER WHO SAYS WE’RE ALREADY IN RECESSION FURTHER POINTS OUT THAT STIMULUS PLAN AND RATE CUTS WON’T WORK SINCE THEY DON’T ADDRESS THE PROBLEM WHICH INCLUDES VALUATION OF MORTGAGE BACKED SECURITIES AND CONSEQUENT LOSSES TO BOND INSURERS, BANKS, ETC., AND PREDICTS FURTHER PRICE EROSION (-15-20%) IN REAL ESTATE PRICES COUNTRYWIDE; stimulus plan washington incompetents and dumbya bush (protect those incumbents with more bull s**t/spin/fraud) pledging more money they don’t have (print more/borrow more – hyperinflationary and stagflation - the fact is that they couldn’t borrow/print enough to remedy ie., the subprime fraud, etc.), one analyst recently explained that even as the DOW recently had hit new highs in u.s. as measured in real money, ie., gold, foreign currencies, etc., the DOW has actually fallen 70%, all of which foreign currencies are stronger against the weak dollar which will continue to decline which creates hyperinflation and exodus from same by global investors except those who are picking up prime u.s. financial assets on the cheap owing to u.s. desperation and greed (pay packages, compensation, etc.), P/E ratio analysis/comparison no longer apposite in light of declining dollar/fake reports/inflation which should be reflected in same (but is not), DOLLAR WAS DOWN SHARPLY ON NEWS OF CUT (HYPERINFLATIONARY - IT TAKES MORE WORTHLESS DOLLARS TO BUY ANYTHING, AS PANICKY FED LOOKS THE OTHER WAY), AS GOLD HIT NEW INTRA-DAY RECORD HIGH AT $942.20 (CLOSED AT $905 THIS DAY/SILVER 16.55) AS DID PLATINUM ALONG WITH OTHER METALS/COMMODITIES AND OIL HIT OVER $92 (CLOSED AT $86.85 THIS DAY), AN ANALYST SAYS WE’RE IN AN EARNINGS RECESSION AND HE IS ON THE BEAR SIDE OF THE LEGER, GOVERNMENT REPORTS LESS THAN EXPECTED GDP GROWTH IN FOURTH QUARTER AT .6% WHICH PROBABLY MEANS NEGATIVE SINCE THE GOVERNMENT LIES ABOUT ALMOST EVERYTHING, CASE/Shiller index-home prices fell 97% in fourth quarter, new home sales down a record 26% in 2007 (-4.7% in December, 2007), another analyst says we’re in recession while another says inflation is a significant problem moving forward (stagflation), dollar down, incumbents (just in time for the election) hoping to divert attention from their failed policies domestically, geopolitically, economically and otherwise as spending money they don’t have (they’re printing same and borrowing like crazy) will increase deficits and along with lower interest rates lower the value of the already worthless/internationally scorned dollar and dollar denominated assets including stocks (which rallied today despite the bad news) while as expected, hyperinflationary effects on oil, gold, commodity, etc., prices already immediately evident in today’s trading. 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 plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure SUBSTANTIALLY EXCEEDING EXPECTATIONS of PRIVATE SECTOR JOB GAINS (130,000). MERRILL LYNCH DOWNGRADED. UBS ANOTHER $14 BILLION IN WRITE-DOWNS ALONG WITH ANOTHER $8 BILLION FROM SOCIETE GENERALE. BOND INSURERS DOWNGRADES (WHICH WILL COST BANKS ANOTHER $40 BILLION) AND SEE ANOTHER $11 BILLION IN LOSSES. The MANTRA is the so-called stimulus plan, the logistics and length of time involved in Katrina-like execution guarantee only to forestall recognition of and accountability for ineptitude/corruption that leaves america, unlike during the great depression when america was neither globally hated nor broke as today, with a Weimar-Republic-like currency and continued failed leadership/policies and obfuscation of existing unsolved problems through blatant falsehoods, false data/reports,corruption, etc.. Housing prices for the first time since the great depression have fallen significantly and nationally. ALL PROBLEMS REMAIN. NOTHING HAS BEEN SOLVED. NOTHING HAS CHANGED except to give bull s**t/spin talking points to those responsible for u.s. decline. (ECONOMIST DR. IRVING KELLNER, MERRIL LYNCH ECONOMIST, AMONG OTHERS…..ALREADY IN RECESSION), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN THIRD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence near lows, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, 4th quarter earnings discounted long ago, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, as stocks drop modestly relative to reality (DOW -65, NASDAQ 30, S&P –10). 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street]. (2-05-08) ism (non-government report) service sector (now 2/3 of u.s. economy) index drops in january, 2008 far below expectations to 41.9 (less than 50% indicates contraction), more downgrades of consumer finance companies and banks, ken shreve of investors business daily says significant institutional selling and stock prices have not seen bottom yet, jeff lacker of richmond fed now uttering the ‘r’ word (recession), $3 Trillion budget with $400+ billion budget deficit, factory orders up 2.3% on fake (GOVERNMENT) report and 2007 worse year since 2003, 200 lenders went out of business in 2007, another rate cut already discounted but rates up, MONOPOLY COMPANY (WITH MONEY TO BURN AND WITH SIGNIFICANT OVERSEAS EARNINGS) MICROSOFT’S RICH TAKEOVER BID FOR YAHOO (IF THEY DO FOR YAHOO MAIL WHAT THEY DO FOR THEIR OWN HOTMAIL, DISASTER IN THE MAKING AND DON’T FORGET THE EXPERTS WHO UNIVERSALLY PAN THEIR MONEY-MAKING VISTA) SPURred IRRATIONALLY EXUBERANT STOCK PRICE RALLY DESPITE UNEXPECTEDLY LARGE LOSS OF 17,000 JOBS (A GAIN OF 70-80 THOUSAND WAS EXPECTED-LOSSES IN MANUFACTURING, CONSTRUCTION, FINANCE, AND EVEN BROKE GOVERNMENT SECTOR), CONSTRUCTION SPENDING DOWN, MORE BANK AND BOND COMPANY LOSSES ACKNOWLEDGED TO COME, MORE BACKWARD-LOOKING (TO fourth quarter) earnings b.s. talking points; ECONOMIST DR. IRVING KELLNER WHO SAYS WE’RE ALREADY IN RECESSION FURTHER POINTS OUT THAT STIMULUS PLAN AND RATE CUTS WON’T WORK SINCE THEY DON’T ADDRESS THE PROBLEM WHICH INCLUDES VALUATION OF MORTGAGE BACKED SECURITIES AND CONSEQUENT LOSSES TO BOND INSURERS, BANKS, ETC., AND PREDICTS FURTHER PRICE EROSION (-15-20%) IN REAL ESTATE PRICES COUNTRYWIDE; stimulus plan washington incompetents and dumbya bush (protect those incumbents with more bull s**t/spin/fraud) pledging more money they don’t have (print more/borrow more – hyperinflationary and stagflation - the fact is that they couldn’t borrow/print enough to remedy ie., the subprime fraud, etc.), one analyst recently explained that even as the DOW recently had hit new highs in u.s. as measured in real money, ie., gold, foreign currencies, etc., the DOW has actually fallen 70%, all of which foreign currencies are stronger against the weak dollar which will continue to decline which creates hyperinflation and exodus from same by global investors except those who are picking up prime u.s. financial assets on the cheap owing to u.s. desperation and greed (pay packages, compensation, etc.), P/E ratio analysis/comparison no longer apposite in light of declining dollar/fake reports/inflation which should be reflected in same (but is not), DOLLAR WAS DOWN SHARPLY ON NEWS OF CUT (HYPERINFLATIONARY - IT TAKES MORE WORTHLESS DOLLARS TO BUY ANYTHING, AS PANICKY FED LOOKS THE OTHER WAY), AS GOLD HIT NEW INTRA-DAY RECORD HIGH AT $942.20 (CLOSED AT $893 THIS DAY - LOWER ON ECONOMIC SLOWDOWN) AS DID PLATINUM ALONG WITH OTHER METALS/COMMODITIES AND OIL HIT OVER $92 (CLOSED AT $88.41 THIS DAY) , AN ANALYST SAYS WE’RE IN AN EARNINGS RECESSION AND HE IS ON THE BEAR SIDE OF THE LEGER, GOVERNMENT REPORTS LESS THAN EXPECTED GDP GROWTH IN FOURTH QUARTER AT .6% WHICH PROBABLY MEANS NEGATIVE SINCE THE GOVERNMENT LIES ABOUT ALMOST EVERYTHING, CASE/Shiller index-home prices fell 97% in fourth quarter, new home sales down a record 26% in 2007 (-4.7% in December, 2007), another analyst says we’re in recession while another says inflation is a significant problem moving forward (stagflation), dollar down, incumbents (just in time for the election) hoping to divert attention from their failed policies domestically, geopolitically, economically and otherwise as spending money they don’t have (they’re printing same and borrowing like crazy) will increase deficits and along with lower interest rates lower the value of the already worthless/internationally scorned dollar and dollar denominated assets including stocks (which rallied today despite the bad news) while as expected, hyperinflationary effects on oil, gold, commodity, etc., prices already immediately evident in today’s trading. 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 plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure SUBSTANTIALLY EXCEEDING EXPECTATIONS of PRIVATE SECTOR JOB GAINS (130,000). MERRILL LYNCH DOWNGRADED. UBS ANOTHER $14 BILLION IN WRITE-DOWNS ALONG WITH ANOTHER $8 BILLION FROM SOCIETE GENERALE. BOND INSURERS DOWNGRADES (WHICH WILL COST BANKS ANOTHER $40 BILLION) AND SEE ANOTHER $11 BILLION IN LOSSES. The MANTRA is the so-called stimulus plan, the logistics and length of time involved in Katrina-like execution guarantee only to forestall recognition of and accountability for ineptitude/corruption that leaves america, unlike during the great depression when america was neither globally hated nor broke as today, with a Weimar-Republic-like currency and continued failed leadership/policies and obfuscation of existing unsolved problems through blatant falsehoods, false data/reports,corruption, etc.. Housing prices for the first time since the great depression have fallen significantly and nationally. ALL PROBLEMS REMAIN. NOTHING HAS BEEN SOLVED. NOTHING HAS CHANGED except to give bull s**t/spin talking points to those responsible for u.s. decline. (ECONOMIST DR. IRVING KELLNER, MERRIL LYNCH ECONOMIST, AMONG OTHERS…..ALREADY IN RECESSION), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN THIRD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence near lows, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, 4th quarter earnings discounted long ago, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, as stocks drop modestly relative to reality (DOW -370, NASDAQ –73, S&P –44). 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street]. (2-04-08) Sell ratings on consumer finance companies Discover Financial Services (DFS 16.34, -1.62), Capital One (COF 52.65, -4.32) and American Express and other downgrades including banks, $3 Trillion budget with $400 billion budget deficit, factory orders up 2.3% on fake report and 2007 worse year since 2003, 200 lenders went out of business in 2007, another rate cut already discounted but rates up, MONOPOLY COMPANY (WITH MONEY TO BURN AND WITH SIGNIFICANT OVERSEAS EARNINGS) MICROSOFT’S RICH TAKEOVER BID FOR YAHOO (IF THEY DO FOR YAHOO MAIL WHAT THEY DO FOR THEIR OWN HOTMAIL, DISASTER IN THE MAKING AND DON’T FORGET THE EXPERTS WHO UNIVERSALLY PAN THEIR MONEY-MAKING VISTA) SPURred IRRATIONALLY EXUBERANT STOCK PRICE RALLY DESPITE UNEXPECTEDLY LARGE LOSS OF 17,000 JOBS (A GAIN OF 70-80 THOUSAND WAS EXPECTED-LOSSES IN MANUFACTURING, CONSTRUCTION, FINANCE, AND EVEN BROKE GOVERNMENT SECTOR), CONSTRUCTION SPENDING DOWN, MORE BANK AND BOND COMPANY LOSSES ACKNOWLEDGED TO COME, MORE BACKWARD-LOOKING (TO fourth quarter) earnings b.s. talking points; ECONOMIST DR. IRVING KELLNER WHO SAYS WE’RE ALREADY IN RECESSION FURTHER POINTS OUT THAT STIMULUS PLAN AND RATE CUTS WON’T WORK SINCE THEY DON’T ADDRESS THE PROBLEM WHICH INCLUDES VALUATION OF MORTGAGE BACKED SECURITIES AND CONSEQUENT LOSSES TO BOND INSURERS, BANKS, ETC., AND PREDICTS FURTHER PRICE EROSION (-15-20%) IN REAL ESTATE PRICES COUNTRYWIDE; stimulus plan washington incompetents and dumbya bush (protect those incumbents with more bull s**t/spin/fraud) pledging more money they don’t have (print more/borrow more – hyperinflationary and stagflation - the fact is that they couldn’t borrow/print enough to remedy ie., the subprime fraud, etc.), one analyst recently explained that even as the DOW recently had hit new highs in u.s. as measured in real money, ie., gold, foreign currencies, etc., the DOW has actually fallen 70%, all of which foreign currencies are stronger against the weak dollar which will continue to decline which creates hyperinflation and exodus from same by global investors except those who are picking up prime u.s. financial assets on the cheap owing to u.s. desperation and greed (pay packages, compensation, etc.), P/E ratio analysis/comparison no longer apposite in light of declining dollar/fake reports/inflation which should be reflected in same (but is not), DOLLAR WAS DOWN SHARPLY ON NEWS OF CUT (HYPERINFLATIONARY - IT TAKES MORE WORTHLESS DOLLARS TO BUY ANYTHING, AS PANICKY FED LOOKS THE OTHER WAY), AS GOLD HIT NEW INTRA-DAY RECORD HIGH AT $942.20 (CLOSED AT $913 THIS DAY) AS DID PLATINUM ALONG WITH OTHER METALS/COMMODITIES AND OIL HIT OVER $92 (CLOSED AT $90THIS DAY) , AN ANALYST SAYS WE’RE IN AN EARNINGS RECESSION AND HE IS ON THE BEAR SIDE OF THE LEGER, GOVERNMENT REPORTS LESS THAN EXPECTED GDP GROWTH IN FOURTH QUARTER AT .6% WHICH PROBABLY MEANS NEGATIVE SINCE THE GOVERNMENT LIES ABOUT ALMOST EVERYTHING, CASE/Shiller index-home prices fell 97% in fourth quarter, new home sales down a record 26% in 2007 (-4.7% in December, 2007), another analyst says we’re in recession while another says inflation is a significant problem moving forward (stagflation), dollar down, incumbents (just in time for the election) hoping to divert attention from their failed policies domestically, geopolitically, economically and otherwise as spending money they don’t have (they’re printing same and borrowing like crazy) will increase deficits and along with lower interest rates lower the value of the already worthless/internationally scorned dollar and dollar denominated assets including stocks (which rallied today despite the bad news) while as expected, hyperinflationary effects on oil, gold, commodity, etc., prices already immediately evident in today’s trading. 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 plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure SUBSTANTIALLY EXCEEDING EXPECTATIONS of PRIVATE SECTOR JOB GAINS (130,000). MERRILL LYNCH DOWNGRADED. UBS ANOTHER $14 BILLION IN WRITE-DOWNS ALONG WITH ANOTHER $8 BILLION FROM SOCIETE GENERALE. BOND INSURERS DOWNGRADES (WHICH WILL COST BANKS ANOTHER $40 BILLION) AND SEE ANOTHER $11 BILLION IN LOSSES. The MANTRA is the so-called stimulus plan, the logistics and length of time involved in Katrina-like execution guarantee only to forestall recognition of and accountability for ineptitude/corruption that leaves america, unlike during the great depression when america was neither globally hated nor broke as today, with a Weimar-Republic-like currency and continued failed leadership/policies and obfuscation of existing unsolved problems through blatant falsehoods, false data/reports,corruption, etc.. Housing prices for the first time since the great depression have fallen significantly and nationally. ALL PROBLEMS REMAIN. NOTHING HAS BEEN SOLVED. NOTHING HAS CHANGED except to give bull s**t/spin talking points to those responsible for u.s. decline. (ECONOMIST DR. IRVING KELLNER, MERRIL LYNCH ECONOMIST, AMONG OTHERS…..ALREADY IN RECESSION), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN THIRD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence near lows, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, 4th quarter earnings discounted long ago, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, as stocks drop modestly relative to reality (DOW -108, NASDAQ –30, S&P –15). 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street]. (2-01-08) PROVING THERE’S NO SPACE FOR RATIONALITY ON WALL STREET, NEW B.S. TALKING POINT IS MONOPOLY COMPANY (WITH MONEY TO BURN AND WITH SIGNIFICANT OVERSEAS EARNINGS) MICROSOFT’S RICH TAKEOVER BID FOR YAHOO (IF THEY DO FOR YAHOO MAIL WHAT THEY DO FOR THEIR OWN HOTMAIL, DISASTER IN THE MAKING AND DON’T FORGET THE EXPERTS WHO UNIVERSALLY PAN THEIR MONEY-MAKING VISTA) SPURS IRRATIONALLY EXUBERANT STOCK PRICE RALLY ACROSS ALL SECTORS DESPITE UNEXPECTEDLY LARGE LOSS OF 17,000 JOBS (A GAIN OF 70-80 THOUSAND WAS EXPECTED-LOSSES IN MANUFACTURING, CONSTRUCTION, FINANCE, AND EVEN BROKE GOVERNMENT SECTOR), CONSTRUCTION SPENDING DOWN, MORE BANK AND BOND COMPANY LOSSES ACKNOWLEDGED TO COME, MORE BACKWARD-LOOKING (TO fourth quarter) earnings b.s. talking points; ECONOMIST DR. IRVING KELLNER WHO SAYS WE’RE ALREADY IN RECESSION FURTHER POINTS OUT THAT STIMULUS PLAN AND RATE CUTS WON’T WORK SINCE THEY DON’T ADDRESS THE PROBLEM WHICH INCLUDES VALUATION OF MORTGAGE BACKED SECURITIES AND CONSEQUENT LOSSES TO BOND INSURERS, BANKS, ETC., AND PREDICTS FURTHER PRICE EROSION (-15-20%) IN REAL ESTATE PRICES COUNTRYWIDE; stimulus plan washington incompetents and dumbya bush (protect those incumbents with more bull s**t/spin/fraud) pledging more money they don’t have (print more/borrow more – hyperinflationary and stagflation - the fact is that they couldn’t borrow/print enough to remedy ie., the subprime fraud, etc.), one analyst recently explained that even as the DOW recently had hit new highs in u.s. as measured in real money, ie., gold, foreign currencies, etc., the DOW has actually fallen 70%, all of which foreign currencies are stronger against the weak dollar which will continue to decline which creates hyperinflation and exodus from same by global investors except those who are picking up prime u.s. financial assets on the cheap owing to u.s. desperation and greed (pay packages, compensation, etc.), DOLLAR WAS DOWN SHARPLY ON NEWS OF CUT (HYPERINFLATIONARY - IT TAKES MORE WORTHLESS DOLLARS TO BUY ANYTHING, AS PANICKY FED LOOKS THE OTHER WAY), AS GOLD HIT NEW INTRA-DAY RECORD HIGH AT $942.20 (CLOSED AT $913 THIS DAY) AS DID PLATINUM ALONG WITH OTHER METALS/COMMODITIES AND OIL HIT OVER $92 (CLOSED AT $88 THIS DAY ON ECONOMIC WEAKNESS EXPECTED) , AN ANALYST SAYS WE’RE IN AN EARNINGS RECESSION AND HE IS ON THE BEAR SIDE OF THE LEGER, GOVERNMENT REPORTS LESS THAN EXPECTED GDP GROWTH IN FOURTH QUARTER AT .6% WHICH PROBABLY MEANS NEGATIVE SINCE THE GOVERNMENT LIES ABOUT ALMOST EVERYTHING, CASE/Shiller index-home prices fell 97% in fourth quarter, new home sales down a record 26% in 2007 (-4.7% in December, 2007), another analyst says we’re in recession while another says inflation is a significant problem moving forward (stagflation), dollar down, incumbents (just in time for the election) hoping to divert attention from their failed policies domestically, geopolitically, economically and otherwise as spending money they don’t have (they’re printing same and borrowing like crazy) will increase deficits and along with lower interest rates lower the value of the already worthless/internationally scorned dollar and dollar denominated assets including stocks (which rallied today despite the bad news) while as expected, hyperinflationary effects on oil, gold, commodity, etc., prices already immediately evident in today’s trading. 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 plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure SUBSTANTIALLY EXCEEDING EXPECTATIONS of PRIVATE SECTOR JOB GAINS (130,000). MERRILL LYNCH DOWNGRADED. UBS ANOTHER $14 BILLION IN WRITE-DOWNS ALONG WITH ANOTHER $8 BILLION FROM SOCIETE GENERALE. BOND INSURERS DOWNGRADES (WHICH WILL COST BANKS ANOTHER $40 BILLION) AND SEE ANOTHER $11 BILLION IN LOSSES. The MANTRA is the so-called stimulus plan, the logistics and length of time involved in Katrina-like execution guarantee only to forestall recognition of and accountability for ineptitude/corruption that leaves america, unlike during the great depression when america was neither globally hated nor broke as today, with a Weimar-Republic-like currency and continued failed leadership/policies and obfuscation of existing unsolved problems through blatant falsehoods, false data/reports,corruption, etc.. Housing prices for the first time since the great depression have fallen significantly and nationally. ALL PROBLEMS REMAIN. NOTHING HAS BEEN SOLVED. NOTHING HAS CHANGED except to give bull s**t/spin talking points to those responsible for u.s. decline. (ECONOMIST DR. IRVING KELLNER, MERRIL LYNCH ECONOMIST, AMONG OTHERS…..ALREADY IN RECESSION), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN THIRD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence near lows, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, 4th quarter earnings discounted long ago, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, lunatics’/suckers’ bear market rally (DOW +92, NASDAQ +23 S&P +16) to keep the suckers suckered and computerized commission trade dollars flowing. 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street]. (2-01-08PROVING THERE’S NO SPACE FOR RATIONALITY ON WALL STREET, NEW B.S. TALKING POINT IS MONOPOLY COMPANY (WITH MONEY TO BURN AND WITH SIGNIFICANT OVERSEAS EARNINGS) MICROSOFT’S RICH TAKEOVER BID FOR YAHOO (IF THEY DO FOR YAHOO MAIL WHAT THEY DO FOR THEIR OWN HOTMAIL, DISASTER IN THE MAKING AND DON’T FORGET THE EXPERTS WHO UNIVERSALLY PAN THEIR MONEY-MAKING VISTA) SPURS IRRATIONALLY EXUBERANT STOCK PRICE RALLY ACROSS ALL SECTORS DESPITE UNEXPECTEDLY LARGE LOSS OF 17,000 JOBS (A GAIN OF 70-80 THOUSAND WAS EXPECTED-LOSSES IN MANUFACTURING, CONSTRUCTION, FINANCE, AND EVEN BROKE GOVERNMENT SECTOR), CONSTRUCTION SPENDING DOWN, MORE BANK AND BOND COMPANY LOSSES ACKNOWLEDGED TO COME, MORE BACKWARD-LOOKING (TO fourth quarter) earnings b.s. talking points; ECONOMIST DR. IRVING KELLNER WHO SAYS WE’RE ALREADY IN RECESSION FURTHER POINTS OUT THAT STIMULUS PLAN AND RATE CUTS WON’T WORK SINCE THEY DON’T ADDRESS THE PROBLEM WHICH INCLUDES VALUATION OF MORTGAGE BACKED SECURITIES AND CONSEQUENT LOSSES TO BOND INSURERS, BANKS, ETC., AND PREDICTS FURTHER PRICE EROSION (-15-20%) IN REAL ESTATE PRICES COUNTRYWIDE; stimulus plan washington incompetents and dumbya bush (protect those incumbents with more bull s**t/spin/fraud) pledging more money they don’t have (print more/borrow more – hyperinflationary and stagflation - the fact is that they couldn’t borrow/print enough to remedy ie., the subprime fraud, etc.), one analyst recently explained that even as the DOW recently had hit new highs in u.s. as measured in real money, ie., gold, foreign currencies, etc., the DOW has actually fallen 70%, all of which foreign currencies are stronger against the weak dollar which will continue to decline which creates hyperinflation and exodus from same by global investors except those who are picking up prime u.s. financial assets on the cheap owing to u.s. desperation and greed (pay packages, compensation, etc.), DOLLAR WAS DOWN SHARPLY ON NEWS OF CUT (HYPERINFLATIONARY - IT TAKES MORE WORTHLESS DOLLARS TO BUY ANYTHING, AS PANICKY FED LOOKS THE OTHER WAY), AS GOLD HIT NEW INTRA-DAY RECORD HIGH AT $942.20 (CLOSED AT $913 THIS DAY) AS DID PLATINUM ALONG WITH OTHER METALS/COMMODITIES AND OIL HIT OVER $92 (CLOSED AT $88 THIS DAY ON ECONOMIC WEAKNESS EXPECTED) , AN ANALYST SAYS WE’RE IN AN EARNINGS RECESSION AND HE IS ON THE BEAR SIDE OF THE LEGER, GOVERNMENT REPORTS LESS THAN EXPECTED GDP GROWTH IN FOURTH QUARTER AT .6% WHICH PROBABLY MEANS NEGATIVE SINCE THE GOVERNMENT LIES ABOUT ALMOST EVERYTHING, CASE/Shiller index-home prices fell 97% in fourth quarter, new home sales down a record 26% in 2007 (-4.7% in December, 2007), another analyst says we’re in recession while another says inflation is a significant problem moving forward (stagflation), dollar down, incumbents (just in time for the election) hoping to divert attention from their failed policies domestically, geopolitically, economically and otherwise as spending money they don’t have (they’re printing same and borrowing like crazy) will increase deficits and along with lower interest rates lower the value of the already worthless/internationally scorned dollar and dollar denominated assets including stocks (which rallied today despite the bad news) while as expected, hyperinflationary effects on oil, gold, commodity, etc., prices already immediately evident in today’s trading. 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 plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure SUBSTANTIALLY EXCEEDING EXPECTATIONS of PRIVATE SECTOR JOB GAINS (130,000). MERRILL LYNCH DOWNGRADED. UBS ANOTHER $14 BILLION IN WRITE-DOWNS ALONG WITH ANOTHER $8 BILLION FROM SOCIETE GENERALE. BOND INSURERS DOWNGRADES (WHICH WILL COST BANKS ANOTHER $40 BILLION) AND SEE ANOTHER $11 BILLION IN LOSSES. The MANTRA is the so-called stimulus plan, the logistics and length of time involved in Katrina-like execution guarantee only to forestall recognition of and accountability for ineptitude/corruption that leaves america, unlike during the great depression when america was neither globally hated nor broke as today, with a Weimar-Republic-like currency and continued failed leadership/policies and obfuscation of existing unsolved problems through blatant falsehoods, false data/reports,corruption, etc.. Housing prices for the first time since the great depression have fallen significantly and nationally. ALL PROBLEMS REMAIN. NOTHING HAS BEEN SOLVED. NOTHING HAS CHANGED except to give bull s**t/spin talking points to those responsible for u.s. decline. (ECONOMIST DR. IRVING KELLNER, MERRIL LYNCH ECONOMIST, AMONG OTHERS…..ALREADY IN RECESSION), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN THIRD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence near lows, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, 4th quarter earnings discounted long ago, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, lunatics’/suckers’ bear market rally (DOW +92, NASDAQ +23 S&P +16) to keep the suckers suckered and computerized commission trade dollars flowing. 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street]. (1-31-08) NOW SUBPRIME BANK PROBLEM PEGGED AT OVER $265 BILLION (STILL JUST TIP OF THE ICEBERG), DOWNGRADES TO FOLLOW, UNEMPLOYMENT CLAIMS UP A MUCH HIGHER THAN EXPECTED 69,000 TO 375,000, BOND INSURER SAYS HAS ENOUGH CASH TO COVER HIGHEST LOSSES IN COMPANY HISTORY AND WILL KEEP TRIPLE A RATING (REMEMBER THE TRIPLE A RATED subprime BUNDLED FRAUDS) WHICH IRRATIONALLY RALLIES STOCKS IN nearly 400 POINT SWING (trying to window-dress the bad january numbers with programmed commissionable buy orders/trades to help perpetuate their continuing ponzi-like fraud) based on bull s**t alone and short-covering rally, CRUCIAL HOLIDAY SHOPPING SEASON TURNS IN AN ANEMIC AND FAR BELOW EXPECTATIONS .2% INCREASE, FEAR AND PANIC BY THE FED AND EVEN LOWER DOLLAR TO COME, stimulus plan by washington incompetents and dumbya bush (protect those incumbents with more bull s**t/spin/fraud) pledging more money they don’t have (print more/borrow more – hyperinflationary and stagflation - the fact is that they couldn’t borrow/print enough to remedy ie., the subprime fraud, etc.), one analyst recently explained that even as the DOW recently had hit new highs in u.s. as measured in real money, ie., gold, foreign currencies, etc., the DOW has actually fallen 70%, all of which foreign currencies are stronger against the weak dollar which will continue to decline which creates hyperinflation and exodus from same by global investors except those who are picking up prime u.s. financial assets on the cheap owing to u.s. desperation and greed (pay packages, compensation, etc.), DOLLAR DOWN SHARPLY ON NEWS OF CUT (HYPERINFLATIONARY - IT TAKES MORE WORTHLESS DOLLARS TO BUY ANYTHING, AS PANICKY FED LOOKS THE OTHER WAY), INDEED GOLD PREVIOUSLY HIT NEW INTRA-DAY RECORD HIGH AT $942.20, AN ANALYST SAYS WE’RE IN AN EARNINGS RECESSION AND HE IS ON THE BEAR SIDE OF THE LEGER, GOVERNMENT REPORTS LESS THAN EXPECTED GDP GROWTH IN FOURTH QUARTER AT .6% WHICH PROBABLY MEANS NEGATIVE SINCE THE GOVERNMENT LIES ABOUT ALMOST EVERYTHING, CASE/Shiller index-home prices fell 97% in fourth quarter, new home sales down a record 26% in 2007 (-4.7% in December, 2007), another analyst says we’re in recession while another says inflation is a significant problem moving forward (stagflation), dollar down, incumbents (just in time for the election) hoping to divert attention from their failed policies domestically, geopolitically, economically and otherwise as spending money they don’t have (they’re printing same and borrowing like crazy) will increase deficits and along with lower interest rates lower the value of the already worthless/internationally scorned dollar and dollar denominated assets including stocks (which rallied today despite the bad news) while as expected, hyperinflationary effects on oil, gold, commodity, etc., prices already immediately evident in today’s trading. 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 plays ball (i’m sure for a price/favor) with the frauds on wall street with a figure substantially exceeding expectations of private sector job gains (130,000). merrill lynch downgraded. ubs another $14 billion in write-downs. bond insurers downgraded (which will cost banks another $40 billion) and see another $11 billion in losses. The MANTRA is the so-called stimulus plan, the logistics and length of time involved in Katrina-like execution guarantee only to forestall recognition of and accountability for ineptitude/corruption that leaves america, unlike during the great depression when america was neither globally hated nor broke as today, with a Weimar-Republic-like currency and continued failed leadership/policies and obfuscation of existing unsolved problems through blatant falsehoods, false data/reports (most recently the jobs report with unemployment claims unexpectedly falling 1,000 to a high 301,000…..riiiiight!), corruption, etc.. Housing prices for the first time since the great depression have fallen significantly and nationally. All problems remain. Nothing has been solved. NOTHING HAS CHANGED except to give bull s**t/spin talking points to those responsible for u.s. decline. (ECONOMIST DR. IRVING KELLNER, MERRIL LYNCH ECONOMIST, AMONG OTHERS…..ALREADY IN RECESSION), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported, ECONOMIC INDICATORS DOWN THIRD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence near lows, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, fourth quarter earnings discounted long ago, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, lunatics’/suckers’ bear market rally/dead dog bounce (DOW +207, NASDAQ +40 S&P +22) 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street]. (1-30-08) REAL FEAR & PANIC BY THE FED, as they cut another 50 basis points on top of crisis mode emergency video meeting 75 basis point cut in fed funds rate (bull trap or stated another way just plain bull crap) to give new bull s**t talking point, along with the stimulus plan washington incompetents and dumbya bush (protect those incumbents with more bull s**t/spin/fraud) pledging more money they don’t have (print more/borrow more – hyperinflationary and stagflation - the fact is that they couldn’t borrow/print enough to remedy ie., the subprime fraud, etc.), one analyst recently explained that even as the DOW recently had hit new highs in u.s. as measured in real money, ie., gold, foreign currencies, etc., the DOW has actually fallen 70%, all of which foreign currencies are stronger against the weak dollar which will continue to decline which creates hyperinflation and exodus from same by global investors except those who are picking up prime u.s. financial assets on the cheap owing to u.s. desperation and greed (pay packages, compensation, etc.), DOLLAR DOWN SHARPLY ON NEWS OF CUT (HYPERINFLATIONARY - IT TAKES MORE WORTHLESS DOLLARS TO BUY ANYTHING, AS PANICKY FED LOOKS THE OTHER WAY), INDEED GOLD HITS NEW INTRA-DAY RECORD HIGH AT $942.20 AND CLOSES UP AS DOES PLATINUM ALONG WITH OTHER METALS/COMMODITIES AND OIL OVER $92, AN ANALYST SAYS WE’RE IN AN EARNINGS RECESSION AND HE IS ON THE BEAR SIDE OF THE LEGER, GOVERNMENT REPORTS LESS THAN EXPECTED GDP GROWTH IN FOURTH QUARTER AT .6% WHICH PROBABLY MEANS NEGATIVE SINCE THE GOVERNMENT LIES ABOUT ALMOST EVERYTHING, CASE/Shiller index-home prices fell 97% in fourth quarter, new home sales down a record 26% in 2007 (-4.7% in December, 2007), another analyst says we’re in recession while another says inflation is a significant problem moving forward (stagflation), dollar down, incumbents (just in time for the election) hoping to divert attention from their failed policies domestically, geopolitically, economically and otherwise as spending money they don’t have (they’re printing same and borrowing like crazy) will increase deficits and along with lower interest rates lower the value of the already worthless/internationally scorned dollar and dollar denominated assets including stocks (which rallied today despite the bad news) while as expected, hyperinflationary effects on oil, gold, commodity, etc., prices already immediately evident in today’s trading. 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 plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure SUBSTANTIALLY EXCEEDING EXPECTATIONS of PRIVATE SECTOR JOB GAINS (130,000). MERRILL LYNCH DOWNGRADED. UBS ANOTHER $14 BILLION IN WRITE-DOWNS. BOND INSURERS DOWNGRADED (WHICH WILL COST BANKS ANOTHER $40 BILLION) AND SEE ANOTHER $11 BILLION IN LOSSES. The MANTRA is the so-called stimulus plan, the logistics and length of time involved in Katrina-like execution guarantee only to forestall recognition of and accountability for ineptitude/corruption that leaves america, unlike during the great depression when america was neither globally hated nor broke as today, with a Weimar-Republic-like currency and continued failed leadership/policies and obfuscation of existing unsolved problems through blatant falsehoods, false data/reports (most recently the jobs report with unemployment claims unexpectedly falling 1,000 to a high 301,000…..riiiiight!), corruption, etc.. Housing prices for the first time since the great depression have fallen significantly and nationally. All problems remain. Nothing has been solved. NOTHING HAS CHANGED except to give bull s**t/spin talking points to those responsible for u.s. decline. (ECONOMIST DR. IRVING KELLNER, MERRIL LYNCH ECONOMIST, AMONG OTHERS…..ALREADY IN RECESSION), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN 3^RD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence near lows, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, 4th quarter earnings discounted long ago, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, as stocks drop modestly relative to reality (DOW -37, NASDAQ –9, S&P –6.5). 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street]. (1-29-08) Fake gov’t report from scandal-scarred commerce dep’t saves (fraud) day with durable goods number twice what economists/analysts forecast/expectations at 5.2%(suuuuure), non-government report(s) consumer confidence down, foreclosures up 75% for 2007 and up 97% in 4^th quarter, Shiller index home prices fell 97% in 4^th quarter, One analyst says more downside to go and another says recession even by their definition, OIL PRICES UP, COUNTRYWIDE FINANCIAL PREDICTED PROFIT BUT LOST $422 MILLION WHICH RALLIES THE STOCK ALONG WITH DILUTED PARTNER BofA, .5 basis point cut already built into irrationally exuberant stock prices, new home sales down a record 26% in 2007 (-4.7% in December, 2007), one analyst says we’re in recession while another says inflation is a significant problem moving forward (stagflation), dollar down, incumbents (just in time for the election) hoping to divert attention from their failed policies domestically, geopolitically, economically and otherwise as spending money they don’t have (they’re printing same and borrowing like crazy) will increase deficits and along with lower interest rates lower the value of the already worthless/internationally scorned dollar and dollar denominated assets including stocks (which rallied today despite the bad news) while as expected, hyperinflationary effects on oil, gold, commodity, etc., prices already immediately evident in today’s trading. The logistics and length of time involved in Katrina-like execution guarantee only to forestall recognition of and accountability for ineptitude/corruption that leaves america, unlike during the great depression when america was neither globally hated nor broke as today, with a Weimar-Republic-like currency and continued failed leadership/policies and obfuscation of existing unsolved problems through blatant falsehoods, false data/reports (most recently the jobs report with unemployment claims unexpectedly falling 1,000 to a high 301,000…..riiiiight!), corruption, etc.. Housing prices for the first time since the great depression have fallen significantly and nationally. All problems remain. Nothing has been solved. NOTHING has changed except to give bull s**t/spin talking points to those responsible for u.s. decline. (Economist Dr. Irving Kellner, merril lynch economist, among others…..already in recession), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN 3^RD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence near lows, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, 4th quarter earnings discounted long ago, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, lunatics’/suckers’ bear market rally/dead dog bounce (DOW +96, NASDAQ +8 S&P +8) to keep the suckers suckered and computerized commission trade dollars flowing. 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street]. (1-28-08) All news decidedly negative and much worse than expected as new home sales down a record 26% in 2007 (-4.7% in December, 2007), gold closes at new record at 927.10 as does platinum, one analyst says we’re in recession while another says inflation is a significant problem moving forward (stagflation), dollar down sharply, incumbents (just in time for the election) hoping to divert attention from their failed policies domestically, geopolitically, economically and otherwise as spending money they don’t have (they’re printing same and borrowing like crazy) will increase deficits and along with lower interest rates lower the value of the already worthless/internationally scorned dollar and dollar denominated assets including stocks (which rallied today despite the bad news) while as expected, hyperinflationary effects on oil, gold, commodity, etc., prices already immediately evident in today’s trading. The logistics and length of time involved in Katrina-like execution guarantee only to forestall recognition of and accountability for ineptitude/corruption that leaves america, unlike during the great depression when america was neither globally hated nor broke as today, with a Weimar-Republic-like currency and continued failed leadership/policies and obfuscation of existing unsolved problems through blatant falsehoods, false data/reports (most recently the jobs report with unemployment claims unexpectedly falling 1,000 to a high 301,000…..riiiiight!), corruption, etc.. Housing prices for the first time since the great depression have fallen significantly and nationally. All problems remain. Nothing has been solved. NOTHING has changed except to give bull s**t/spin talking points to those responsible for u.s. decline. (Economist Dr. Irving Kellner, merril lynch economist, among others…..already in recession), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN 3^RD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence near lows, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, 4th quarter earnings discounted long ago, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, WANING full moon evident in lunatics’/suckers’ bear market rally/dead dog bounce into the close (DOW +176, NASDAQ +23 S&P +23) to keep the suckers suckered and computerized commission trade dollars flowing. 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street]. (1-25-08) REALITY sets in regarding the misguided and failed attempt by incumbents to foist doomed/ineffectual/contra-indicated (even the shill rag, Sloth Street Journal, sic., wall street journal belatedly agrees) stimulus plan (just in time for the election) hoping to divert attention from their failed policies domestically, geopolitically, economically and otherwise as spending money they don’t have (they’re printing same and borrowing like crazy) will increase deficits and along with lower interest rates lower the value of the already worthless/internationally scorned dollar and dollar denominated assets including stocks while as expected, hyperinflationary effects on oil, gold, commodity, etc., prices which continues to be evident (one analyst says that even as the DOW recently had hit new highs in u.s. as measured in real money, ie., gold, foreign currencies, etc., the DOW has actually fallen 70%, all of which foreign currencies are stronger against the weak dollar which will continue to decline which creates hyperinflation and exodus from same by global investors except those who are picking up prime u.s. financial assets on the cheap owing to u.s. desperation and greed (pay packages, compensation, etc.). The logistics and length of time involved in Katrina-like execution guarantee only to forestall recognition of and accountability for ineptitude/corruption/fraud that leaves america, unlike during the great depression when america was neither globally hated nor broke as today, with a Weimar-Republic-like currency and continued failed leadership/policies and obfuscation of existing unsolved problems through blatant falsehoods (ie., triple A-rated bundled subprime “securities, stocks, etc.), false data/reports (most recently the jobs report with unemployment claims unexpectedly falling 1,000 to a high 301,000…..riiiiight!), corruption, outright fraud, etc.. Housing prices for the first time since the great depression have fallen significantly and nationally. All problems remain. Nothing has been solved. NOTHING has changed except to give bull s**t/spin talking points to those responsible for u.s. decline. (Economist Dr. Irving Kellner, merril lynch economist, among others…..already in recession), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN 3^RD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence down, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, 4th quarter earnings discounted long ago, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, as stocks drop modestly relative to reality (DOW -171, NASDAQ –34, S&P -21). 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street]. (1-24-08) FEAR & PANIC not limited to fed as desperation extends to incumbents (just in time for the election) hoping to divert attention from their failed policies domestically, geopolitically, economically and otherwise as spending money they don’t have (they’re printing same and borrowing like crazy) will increase deficits and along with lower interest rates lower the value of the already worthless/internationally scorned dollar and dollar denominated assets including stocks while as expected, hyperinflationary effects on oil, gold, commodity, etc., prices already immediately evident in today’s trading. The logistics and length of time involved in Katrina-like execution guarantee only to forestall recognition of and accountability for ineptitude/corruption that leaves america, unlike during the great depression when america was neither globally hated nor broke as today, with a Weimar-Republic-like currency and continued failed leadership/policies and obfuscation of existing unsolved problems through blatant falsehoods, false data/reports (most recently the jobs report with unemployment claims unexpectedly falling 1,000 to a high 301,000…..riiiiight!), corruption, etc.. Housing prices for the first time since the great depression have fallen significantly and nationally. All problems remain. Nothing has been solved. NOTHING has changed except to give bull s**t/spin talking points to those responsible for u.s. decline. (Economist Dr. Irving Kellner, merril lynch economist, among others…..already in recession), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN 3^RD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence down, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, 4th quarter earnings discounted long ago, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, full moon evident in lunatics’/suckers’ bear market rally/dead dog bounce into the close (DOW +108, NASDAQ +44 S&P +13) to keep the suckers suckered and computerized commission trade dollars flowing. 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. (1-23-08) Yes, there is a full moon and the lunatic frauds on wall street act as one might expect: CRAZY. Record $250 billion deficit (not counting yet to be announced so-called stimulus package which won’t do anything to prevent the recession in u.s. that already is); all news negative beyond expectations and hence not discounted; BofA further dilutes falling earnings with new stock issue and rallies; Toyota catches GM which rallies GM stock; World Economic Forum in Switzerland says severe recession in u.s.; one analyst says that even as the DOW recently had hit new highs in u.s. as measured in real money, ie., gold, foreign currencies, etc., the DOW has actually fallen 70%, all of which foreign currencies are stronger against the weak dollar which will continue to decline which creates hyperinflation and exodus from same by global investors except those who are picking up prime u.s. financial assets on the cheap owing to u.s. desperation and greed (pay packages, compensation, etc.); DOW down over 300 points along with comparable plunges in NASDAQ and S&P in light of reality that FEAR & PANIC by the fed rate cuts and stimulus package will not succeed; currency analyst says dollar going lower; respected analyst says he’s a bear in this bear market; beyond the bull s**t/spin/fraud, it takes a Financial Editor for the Financial Times (outside the fallen u.s.) to explain the reason for the 600 plus point swing as being a bail out package for the bond insurers/guarantors which is short-lived irrational exuberance; foreign nations begin decoupling process from the failed u.s. economy/nation. The recession in financial services precipitated by asset valuation/bubble continues along with inflationary pressures from worthless dollars, huge deficits, low/negative savings rates, securitization of low capitalization for financial institutions. (Economist Dr. Irving Kellner, merril lynch economist, among others…..already in recession), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN 3^RD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence down, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, lunatics’/suckers’ bear market rally/dead dog bounce into the close (DOW +298, NASDAQ +24 S&P +28) to keep the suckers suckered and computerized commission trade dollars flowing. 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street]. (1-22-08) FEAR & PANIC by the fed, albeit only 5 days after bernanke testified that things were hunky dory (americans lie about everything), as they in crisis mode call emergency video meeting and .75 basis point cut in fed funds rate to give new bull s**t talking point, along with the washington incompetents and dumbya bush (protect those incumbents with more bull s**t/spin/fraud) pledging more money they don’t have (print more/borrow more – hyperinflationary and stagflation)(the fact is that they couldn’t borrow/print enough to remedy ie., the subprime fraud, etc.). What’s changed? Absolutely nothing. One typical airhead shill for wall street says yes we’ll be having a recession but it doesn’t make any sense to take your money out now. Really? Another analyst says inflation will be spiking and double-dip recession likely with 2009 (post election – how convenient) even more severe than current recession. Another analyst says more downside to go. Investors Business Daily’s Shreve says we’re in a bear market with more downside to come. Dollar down on fed panic/fear/action (hyperinflationary). BofA earnings down 95%, Wachovia earnings down 98%, and wall street rallies both stocks. After the bell Apple gives warning for the second quarter. The recession in financial services precipitated by asset valuation/bubble continues along with inflationary pressures from worthless dollars, huge deficits, low/negative savings rates, securitization of low capitalization for financial institutions. (Economist Dr. Irving Kellner, merril lynch economist, among others…..already in recession), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN 3^RD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence down, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, as stocks drop modestly relative to reality (DOW -128, NASDAQ –48, S&P -15). 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 bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street]. (1-18-08) One analyst/fund manager says we’re in a bear market and already in a recession, and further attempts to perpetuate the bubble is misguided as is the brokers’ advice to clients, be patient, which also perpetuates their churn and earn fraud, and that dollar will continue to decline. Volker says fed has lost control of the economic scenario in the u.s.. The recession in financial services precipitated by asset valuation/bubble continues along with inflationary pressures from worthless dollars, huge deficits, low/negative savings rates, securitization of low capitalization for financial institutions. (Economist Dr. Irving Kellner, merril lynch economist, among others…..already in recession), greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, manufacturing down, merrill lynch posts record $10 billion loss, bankruptcies up 40%, industrial production flat, inflation up and much higher than reported ECONOMIC INDICATORS DOWN 3^RD MONTH IN A ROW, DEFAULTS UP, Housing down, inflation up, consumer confidence down SHARPLY, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, as stocks drop modestly relative to reality (DOW -60, NASDAQ –7, S&P -8). 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. (1-17-08) Fed panic and spin in bernanke testimony (one economic author/analyst/journalist calls bernanke a flat out liar)(economist Dr. Irving Kellner, merril lynch economist, among others…..already in recession), spend/increase the deficit as quickly as possible…..riiiiight, greater than expected downturn in housing starts at –14%, mortgage insurer credit downgrades, Philadelphia Fed Index, the regional manufacturing survey came in at -20.9, its lowest number since October 2001. The consensus estimate predicted a reading of -1.5. Since the number is below zero, it reflects contraction, sentiment down, merrill lynch posts record $10 billion loss, Slickster frauds on wall street try to shill IBM talking point when reality says short-lived based solely on the fact that IBM gets 50% of their revenues from outside u.s.. bankruptcies up 40%, industrial production flat, inflation up and much higher than reported DEFAULTS UP, Housing down, inflation up, consumer confidence down SHARPLY, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, DEFAULTS UP, Housing down, inflation up, consumer confidence down SHARPLY, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic and inflation to rise-hyperinflation/stagflation, as stocks drop modestly relative to reality (DOW -307, NASDAQ –47, S&P -40). 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. (1-16-08) Economist Dr. Irving Kellner…..already in recession, monetary policy (rate cuts, etc.) will not help in such a scenario, collateralized mortgage securities have become worthless so write-downs, no bottom until housing/real estate falls further, consumer saving rates low, debt levels high, worse to come…..Economist Lawrence Summers says recession could be long and severe…..bankruptcies up 40%, industrial production flat, inflation up and much higher than reported DEFAULTS UP, Housing down, inflation up, consumer confidence down SHARPLY, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic, as stocks drop modestly relative to reality (DOW -34, NASDAQ –23, S&P -7). 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. (1-15-08) weaker than expected retail sales report for December, Wholesale Prices Up 6.3% in '07- Largest amount in 26 years,Dollar hits record low vs Swiss franc ,Survey: Asia, Europe Has World's Freest Economies,Citigroup raises a whopping diluting $14.5 billion, cuts dividend, announces layoffs, $18 billion in write-downs and more to follow as subprime losses mount DEFAULTS UP, Housing down, inflation up, consumer confidence down SHARPLY, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, as stocks drop modestly relative to reality (DOW -277, NASDAQ –60, S&P -35). 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. Time to put the wall street among other corporate frauds in jail and require fines, penalties and disgorgement of their ill-gotten gains.
(1-14-08) OIL PRICE RALLY RALLIES STOCKS, DOLLAR DOWN SHARPLY CONSISTENT WITH FED PANIC, COMMODITIES/GOLD UP SHARPLY/RECORDS, STAGFLATION, IBM SO EXCITED THEY PREMATURELY JAWBONE STOCKS HIGHER WITH THE RHETORIC THAT HAPPY DAYS ARE HERE AGAIN…..RIIIIIGHT!, DEFAULTS UP, Housing down, inflation up, consumer confidence down SHARPLY, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, lunatics’/suckers’ bear market rally/dead dog bounce (DOW +171, NASDAQ +38, S&P +15) 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. Time to put the wall street among other corporate frauds in jail and require fines, penalties and disgorgement of their ill-gotten gains. (1-11-08) DEFAULTS UP, Housing down, inflation up, consumer confidence down SHARPLY, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, STAGFLATION, dollar down as stocks drop modestly relative to reality (DOW -247, NASDAQ –49, S&P -19). Nothing has fundamentally changed regarding the descent and decline of criminal/fraud banana republic america and the already bad news is worse than acknowledged. Watch for the fake economic reports/data, more bull s**t/spin, ie., insiders not selling-real reason is their fear of fraud prosecutions (they’ve known for quite some time that the business/economic scenario is much worse than purported/reported and have” made their hay” already predicated on same with many multimillion dollar pay packages for which disgorgement is appropriate), etc. Time to put the wall street among other corporate frauds in jail and require fines, penalties and disgorgement of their ill-gotten gains. (1-10-08) Good money after bad is the mantra on wall street as BofA with $2 billion already in Countrywide says they’ll shoot-the-moon, take the whole ball of wax, eat the whole thing, keep the fraud ball rolling/covered, etc., which rallies stocks based on bull s**t alone, notably that of fed head bernanke who jawbones (bull s**ts) stocks higher with promised rate cuts, even weaker dollar, and even higher hyperinflation thereby. Retail sales down and far below expectations, already in recession despite jawboning (bull s**t) to the contrary, stagflation. Citibank and Merrill Lynch desperately seek to sell more of themselves to foreign interests to cover substantial losses/fraud. Merrill Lynch to write down another $15 billion and more to come. American Express to write off more than $440 million in bad credit card debt. One respected analyst/fund manager says we’re in a bear market having broken through all resistence levels. Lunatics’/suckers’ bear market rally/dead dog bounce into the close (dow +117, nasdaq +13, s&p +11) to keep the suckers suckered and computerized commission trade dollars flowing. Time to put the wall street frauds in jail and require fines, penalties and disgorgement of their illgotten gains. (1-9-08) Happy days are here again (REALITY SAYS NOT) say the frauds on wall street with new bull s**t talking point that the newly (not really, just covered up to perpetuate the fraud) discovered fact that we’re already in recession and that means rate cuts to make the dollar even more worthless and the hyperinflation even more hyper, and that the now conceded reality of recession will be short-lived. How about reality that the same marks the (continuation)beginning of a downturn from which there will be no coming back for criminal/fraud america.

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 with reality. 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. America’s broke and the whole world knows it. As america’s economy spirals 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." http://www.trendsresearch.com Time to put the wall street frauds in jail and require fines, penalties and disgorgement of their illgotten gains. Lunatics’/suckers’ bear market rally/dead dog bounce into the close (DOW +146, NASDAQ +34, S&P +18) to keep the suckers suckered and computerized commission trade dollars flowing. (1-8-08) Housing down, inflation up, consumer confidence down, oil prices up, dollar down as stocks drop modestly relative to reality (DOW -238, NASDAQ –58, S&P -25). Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america and the already bad news is worse than acknowledged. $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.). (1-7-08) With sloth-like reflexes and speed the fallible frauds on wall street now recognize, yes we’re already in a recession, with new bull st talking point, that’s good for some stocks - NOT says reality- as lunatics’/suckers’ bear market rally/dead dog bounce into the close (DOW +27, NASDAQ –5, S&P +4) to keep the suckers suckered and computerized commission trade dollars flowing. Despite severe inflation (the fed excludes food and energy from their fake/worthless/meaningless calculation, because it’s allegedly cyclical…..riiiiight! And everything else is imported cheap for the purpose of increasing the deficit and eliminating u.s. jobs) the frauds are hoping for more fake gov’t reports, rate cuts to make the dollar even more worthless and inflation greater, etc., and hope they’ll escape accountability for their fraud ($14 billion in bonuses,$21 billion in 2006, on top of huge salaries, etc.). (1-4-08) Small dose of reality as unemployment rises to 5% and stocks drop modestly relative to reality (DOW -256, NASDAQ –98, S&P -35). Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america and the already bad news is worse than acknowledged. (1-3-08) Despite economists expectations of fewer new jobs, 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 plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure in excess of same (40,000) with the labor department also chiming in with fake data; durables down, auto sales down (Ford now #3); bull st talking points for lunatics’/suckers’ bear market rally/dead dog bounce into the close (DOW +13, NASDAQ –6, S&P +0) to keep the suckers suckered and computerized commission trade dollars flowing. (1-2-08)Modest drop relative to reality on wall street, as DOW drops 221, S&P down 21 and NASDAQ down 42. $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.). (12-31-07) Modest drop relative to reality on wall street, as DOW ends up 6%, S&P up 3%, and NASDAQ up 9% for year 2007. One analyst optimistically and modestly projects 15% decline for 2008. (12-28-07) If it looks/sounds too good to be true, it probably isn’t. An aphorism apropos to most frauds and to wall street particularly. Indeed, there was a time when economics/finance bore some relation to the level of stock prices which heretofore had been a precursor to economic conditions. Yet, with depression level economic conditions/indicators (those that aren’t fudged too much), the market has rallied to new highs taking huge commission dollars along the way. Fake gov’t reports, consumers spent (much) more than they earned, durables down, housing sales at 12 yr. Low and down 9%, dollar down, $14 billion in bonuses ($21 billion in 2006, on top of huge salaries, etc.) to the lunatic/frauds on wall street for a commissionable (sub prime bundled) fraud well done, inflation up; 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.), dollar at/near record lows, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, bull st talking points for lunatics’/suckers’ bear market rally/dead dog bounce into the close to keep the suckers suckered and computerized commission trade dollars flowing; deficits, fake/false government reports/data, expectation of rate cut because things are so bad despite higher than reported inflation and negative effect on worthless dollar, etc., all to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull st! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. 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 - less than 5% of what they do, etc.), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades. (12-27-07) Modest drop relative to reality on wall street as durables up less than expected at .1% (still over-reported), oil inventories down, oil prices up, dollar down, etc.. (12-26-07) Housing price fall sets new record, higher oil prices, wall street fund refuses redemptions (ie., black rock…..once the frauds have your money it’s theirs to commission, pillage, and plunder), retail sales below expectations, all bad news but wall street no longer ‘climbs the wall of worry’ but rather climbs the wall of rationality, as lunatics’/suckers’ bear market rally/dead dog bounce into the close to keep the suckers suckered and computerized commission trade dollars flowing. How about the lunatic/frauds on wall street are just climbing the walls because they’re mad as hatters, nuttier than fruitcakes, etc.. Get your money out while you still can. Like Elvis, the smart money has already left the building. (12-24-07) Santa Claus rally! Santa Claus rally! …..riiiiight! The lunatic frauds on wall street have a right to a santa claus rally (looking toward future frauds they will perpetrate since there is nothing whatsoever to justify the current level of commissionable fraudulently worthless paper including the dollar). (12-21-07) Fake gov’t report from scandal-scarred commerce dep’t, (suuuuure), consumers spent (much) more than they earned, oil prices up, dollar down, $14 billion in bonuses to the lunatic/frauds on wall street for a commissionable (sub prime bundled) fraud well done, inflation up, 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.), dollar at/near record lows, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, bull st talking points for lunatics’/suckers’ bear market rally/dead dog bounce into the close to keep the suckers suckered and computerized commission trade dollars flowing (12-20-07) Fake gov’t report on GDP growth (4.9% suuuuure), leading indicators down again and tech-wreck will save us (riiiiight) new bull st talking points for lunatics’/suckers’ bear market rally/dead dog bounce into the close to keep the suckers suckered and computerized commission trade dollars flowing, `BEAR STEARNS Posts First Loss; Bigger-Than-Expected Mortgage Fallout... ,`all the bad news remains the same….. (12-19-07) Modest drop relative to reality on wall street, first losses ever for those wall street gurus/make that lunatics/frauds bear sterns, morgan stanley but higher oil prices on lower oil inventories rallies stocks into the close, riiiiight….. all the bad news remains the same….. (12-18-07) Housing starts down, building permits down, inflation (wholesale) (though still substantially underreported) up sharply (highest in 34 years), consumer price index shows higher than expected inflation (though still substantially underreported), lunatics’/suckers’ bear market rally/dead dog bounce into the close to keep the suckers suckered and computerized commission trade dollars flowing, all the bad news remains the same…..
Housing Construction Hits 16-Year Low... Broken Seasonals Suggest a Bear Market (12-17-07) Another modest drop relative to reality on wall street as the i word plus the r word yield the stagflation word, with Monday morning quarterbacks very late to the game starting to talk recession, with fears of accountability for the fraudulent run-up/bubbles weighing heavy as all the bad news remains the same….. (12-14-07) Modest drop relative to reality on wall street, as consumer price index shows higher than expected inflation (though still substantially underreported) , fears they may be held accountable for their fraud mount, and none of the sugar-coated bad news has changed….. (12-13-07) Inflation (wholesale) (though still substantially underreported) up sharply (highest in 34 years), bond prices fall sharply, lunatics’/suckers’ bear market rally/dead dog bounce into the close to keep the suckers suckered and computerized commission trade dollars flowing, all the bad news remains the same….. (12-12-07) Federal deficit up sharply, along with oil prices (inventories fell substantially), foreclosures up, dollar down, sparks lunatics’/suckers’ bear market rally/dead dog bounce into the close to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull st! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. (12-11-07) Modest relative to reality drop on wall street as fears they may be held accountable for their fraud mount and nothing has changed….. (12-10-07) The market started the week on a bullstish note, aided by a financial sector that rallied again on the back of news about capital infusions (good money after bad) despite write-downs/losses in the financial sector, ie., UBS, MBIA, etc.. Another fake report from the gov’t also helped the fraud. Already sugar coated fake data/news/reports have been as bad as could be and far worse than expected by the fed leading to new bull st fraud-facilitating talking point, viz., interest rate cut expectations despite worthless dollar and much higher than reported inflation, 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.), dollar at/near record lows, consumer confidence down, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, oil price drop on “less demand” (riiiiight) rallied oil stocks (suuuuure) (11-30-07), deficits, fake/false government reports/data, expectation of rate cut because things are so bad despite higher than reported inflation and negative effect on worthless dollar, etc., all to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull st! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. 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.

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. (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-à-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..

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

Video: 'The most conclusive evidence' Bhutto was shot December 31, 2007
Ron Paul indeed Out-Foxed (for now) December 31, 2007
United Nations Comic Books Designed to Brainwash Kids December 31, 2007
Ron Beats Rudy? New Hampshire could surprise a lot of people December 31, 2007

Ron Paul Will Finish 3rd in Iowa: Latest Zogby Poll January 2, 2008
Obama Girl Has a 'Crush' on Army Recruits January 2, 2008
4 Presidential Candidates Top Judicial Watch's 2007 Most Corrupt Politicians January 2, 2008
Bloomberg Grouping Bipartisan 'Unity' Government for 3rd Party Run? January 2, 2008
Kean & Hamilton: We Were Stonewalled by the C.I.A.
OIL HITS RECORD $100
GOLD HITS RECORD

Radar Magazine Hit Piece Obscures 9/11 Crimes to Revel in Conspiracy 'Cult-ure' January 3, 2008
Huckabee 'Friendly' With Richard Haass' CFR-Globalization Policies January 3, 2008
Bill O'Reilly Admits He Is "Frightened" By Ron Paul January 3, 2008
Ron Paul Air Corps Set To Soar Over American Cities January 3, 2008
No evidence of Iran smuggling weapons for Taliban: ISAF

Obama, Huckabee sweep to Iowa victories

New Group Raises $25,000 in 24-Hours to Fly Ron Paul Banners Over Key States January 4, 2008
Ron Paul Places 1st With Independent Iowans January 4, 2008
No Room on the 'Debate Bus' for 5th Place Ron Paul in Fox's Top-Five Forum January 4, 2008
Mexican farmers protest NAFTA, Say It Will Increase Illegal Immigration January 4, 2008
String of suicide bombings in Iraq

Checkpoint blast kills 4 in Iraq

Iraq still divided one year after Saddam's execution

ISRAEL GUILTY OF WAR CRIMES: UN

Fox News and Frank Luntz Caught Red Handed in Focus Group Fraud January 7, 2008
Trans-Texas Corridor Plans to Pave Over Branch Davidians January 7, 2008
Snubbed by Fox, Ron Paul Holds His Own Televised New Hampshire Forum January 7, 2008
Double Agent Gadahn Threatens Bush In Neo-Con Stunt January 7, 2008
"Hostile" Iranian Tiny Speed Boats Hyped By War-Hungry Neo-Cons On Eve Of Bush Trip Desperate for a Gulf of Tonkin style incident to reinvigorate momentum for an attack on Iran after the National Intelligence Estimate derailed the push for war, the Pentagon is crying foul over the alleged hostile intent of Iranian Revolutionary Guard Speed boats after an incident in the Strait of Hormuz this weekend.
New Cartoon Savages "Mr. 9/11" Giuliani The cartoon, produced by www.headastate.com/ titled Mr 911, pulls no punches as it highlights Giuliani's consistent use of 9/11 for political and personal gain, delves into his mob connections and his relationship with the now disgraced former Police Commissioner Bernard Kerik.
UK living standards outstrip US
Sarkozy's popularity wilts as his love life blooms...
Rappers who hate Sarkozy have a new recruit: his son...

Newscast's Chemtrail Investigation Reveals Dangerous Aerosolized Compounds January 8, 2008
Huckabee Resists the Urge to Take CFR Critic "Out Back and Shoot Him" January 9, 2008
U.S. Plans Outline Subsidized Pan-American Highway January 9, 2007
Institutions Need Networks; Human Beings Need Communities January 8, 2008
Recession in the US 'has arrived': Merrill Lynch
Sibel Edmonds: “If you made public all the information that the FBI have on this case, you will see very high-level people going through criminal trials”
Gargoyle ghouliani aka Mr. 911, mob connected giuliani invokes 9/11 when asked about Hillary’s crocodile tears.
US intelligence suggests coverup in John F. Kennedy assassination and suggests similar warren commission-like coverup approach in Bhutto assassination
McGovern urges Bush's impeachment
Hillary: Like bill and me, our friend bush 'doesn't have a soul’ which is why we have killed so many children in Iraq'
Vote Fraud Expert Warns Of New Hampshire Desperate clinton Chicanery
Obama: Clinton campaign 'sort of depressing'

Stocks Plunge in Volatile Trading...

COUNTRYWIDE Collapse...

Ron Paul Votes Not Counted In New Hampshire District January 9, 2008
NH: Pre-Election Polls Wildly Different Than Clinton/Obama Results January 9, 2008
Ten polls had Obama ahead of Clinton by double digits the day before NH primary:
The Spin: the “humane” connection with the (female) voters.
Reality: the contrived (there’s always a reason) coffee klatch, the crocodile tears (were real but for herself given lady macbeth’s perceived reality of loss), but not to fear (we’ll just have to win say criminal clintons again – which means america and the world loses again as has been so since bush/clinton/bush) and remember, the diebold voting machines are the bush/clinton friends. Indeed, in New Hampshire approximately 45% of the vote is hand-counted (hard to rig) while 55% of the vote is diebold machine tallied (by tech manager with narcotics trafficking conviction, prospective clinton pardonee who said he didn’t care about laws)…..You guessed it. Obama won the hand-counted vote and whoops, the pollsters were right, the criminal clintons won the machine tallied vote. Time to put the bushes/clintons in jail where they belong. What a failed, corrupt, banana republic criminal america is.
TTC Maps Detail Infrastructure Dismissed as "Conspiracy Theory" January 9, 2008
Huckabee Resists the Urge to Take CFR Critic "Out Back and Shoot Him" January 9, 2008
Clear Evidence Of Widespread Vote Fraud In New Hampshire
There were several major vote fraud issues to arise out of the New Hampshire primary revolving mainly around Ron Paul and Barack Obama, who were both seemingly cheated out of third and first places respectively as a result of rigged Diebold voting machines and deliberate malfeasance in the counting of hand-written paper ballots.
Iranian TV Says Iran-US Clash Video is Fake just like the moon video UFOetry: We Never Went To The Moon - The Award-Winning Documentary/Music/Video by John Lee
'The Mother of All Frauds'
The World: bush/u.s. threat to world peace.
It has been reported that bush is back on the sauce. 1-11-08

The World: israel/u.s. threat to world peace.

Ron Paul: 9/11 Commission 'Hid Ineptness' Like Most Government Investigations Do January 10, 2008
Media Struggles To Whitewash Clinton Vote Fraud Suspicions January 10, 2008
Diebold Voting Machine Contractor Executive Has Criminal Background January 10, 2008
Company responsible for machines throughout New Hampshire directed by convicted drug dealer. It has been revealed that a high ranking executive at the company that was contracted to program all of New Hampshire's Diebold voting machines has a criminal record and has previously defended the illegal act of "swapping out" memory cards for the machines during live elections.
Blair to be Advisor to Wall Street Bank JP Morgan: Report January 10, 2008

Bush to Israel: End Occupation

ISRAEL GUILTY OF WAR CRIMES: UN

Kucinich: Surprise Hillary Victory A "Mystery That Needs To Be Solved" January 11, 2008
Congressman Kucinich stated today that the huge disparity which Hillary Clinton overturned to defeat Barack Obama in the New Hampshire primary was a "mystery that needs to be solved" as he leads the charge for a recount to ascertain exactly how the pollsters could have got it so wrong, or if vote fraud took place.
Pollster Frank Luntz Confronted by 'Angry' Ron Paul Supporters January 11, 2008
Ron Paul: "Vote Fraud Is Not Beyond These People" January 11, 2008
CIA Confirms Ventura Meeting Occurred January 11, 2008
Kucinich Backs New Hampshire Recount
The Coming Fiscal Armageddon
Recession Severe or More Probable, Depression. Which?
Gold Hits Record $900 an Ounce...

ISRAEL GUILTY OF WAR CRIMES IN GAZA: UN

Real ID: From "No Fly" to "No Drive" Lists? January 14, 2008
Ron Paul Revolution Needs To Reunite January 14, 2008
'Second Thoughts about Fluoride,' Reports Scientific American January 14, 2008
Cynthia McKinney Wants Real CHANGE in 2008 January 14, 2008
Bush administration backs gun regulation
Reporter: Giuliani tossed my crying baby (get that venomous mad-dog mobster away from me she cried) 'like a football'
Michigan Crowd Boos McCain on Illegal Immigration
Romney Gets Dumber By The Day (His failed candidacy has no one to blame but his alter egos for whom he has become a shill, viz., cheney-his wyoming gold-who for the good of the country should have resigned along with bush and should have been impeached, and himself) : It's not torture unless you admit it ….. riiiiight…..anything you say mitt the sh*t
Gold hits record above $910
Dollar hits fresh record low vs Swiss franc
CIA, Iran & the Gulf of Tonkin
US drafting plan to allow government access to any email or Web search
California, banana republic land of fruits and nuts with a corrupt inept bureaucracy rivaling that of any failed communist regime much like america is fast becoming, wants to control home thermostats
U.S. option to bomb Iran still on the table Nobody actually said very much but Israeli officials seemed happy with how talks about Iran went here last week with U.S. President George W. Bush.
CITI COULD WRITE DOWN $24B; LAY OFF 20,000 WORKERS...
Hopes for investment from Chinese bank hit a snag...
Mum branded Princess Di a whore...
Gold breaks through $900 level...
...Dollar Nears Record Low
Return to Reason, Mr. Dumbya President
This Is Not the Time for Provocation: Saud
Editorial: Peace Now
China blogger beaten to death by 50 government officials
GIANT SLOTHISH ON AMERICA WRITE-DOWN OF $15B; SEEKS MORE FOREIGN CASH

We Are Change UK, Brian Haw Beaten & Arrested January 15, 2008
First Responder Confronts Kucinich on 9/11 Aid January 15, 2008
Ron Paul Could Capitalize on Michigan Primary Gaffes January 15, 2008
The New Al-Qaeda: Blonde Haired, Blue Eyed Westerners January 15, 2008
HILLARY WIN WAS NO MIRACLE-- VOTE WAS RIGGED: EUROPEAN PRESS
Diana warned of 'car crash plot to kill her'
Illegal immigrants increasingly go north
Olbermann accuses U.S of trying to FAKE new Gulf of Tonkin
Hillary Win Was No Miracle-- Vote Was Rigged: European Press
Wholesale Prices Up 6.3% in '07; Largest amount in 26 years
Dollar hits record low vs Swiss franc
Survey: Asia, Europe Has World's Freest Economies
Citigroup raises a whopping diluting $14.5 billion, cuts dividend, announces layoffs, $18 billion in write-downs and more to follow as subprime losses mount
Israel Continues War Crimes - Massacres 18 in Gaza
We’ll Go by Market Demand: Naimi
Banks get whopping diluting $21B foreign bail-out...
Disgraced Duke prosecutor bankrupt; lists $180M in liabilities...

Diebold Machine Rejects Ron Paul Votes in Michigan January 16, 2008
Scientific Study Finds Fluoride Horror Stories Factual January 16, 2008
Paypal Freezes New Hampshire Recount Funds January 16, 2008
Military Industrial Complex Biometric Surveillance Control Grid Revealing Itself January 16, 2008
Journalist: Pentagon Fabricated "Non Event" Iranian "Provocation"
Hillary Win Was No Miracle-- Vote Was Rigged: European Press
Microsoft is developing Big Brother-style software
"We're Next": Who Gave the Warning to "Stay off the E-Ring" of the Pentagon?
Israel Murders 3 More Civilians in Gaza
Top Iraqi judge assassinated - LA TimesIraq, Politics, 1/15/2008
For U.S., The Goal Is Now 'Iraqi Solutions': Approach Acknowledges Benchmarks Aren't Met - Washington Post
West Bank's Jewish 'Outposts' Dig In: Many Answer Bush's Demand For End to Illegal Settlements By Starting New Construction - Washington Post
Bush Alters Stand on Palestinians: Compensation Backed to Address Refugee Issue; President Again Urges Israel to End 'Occupation' - Washington Post Bush in Jerusalem wants end to Israeli occupation of the Palestinians
Israeli strike kills three Gaza civilians 'in error' on purpose(AFP)
Stocks churn and earn Rollercoaster...
Wealthy may be next in line in U.S. home crisis...
Inflation Rate Worst in 17 Years...

All Signs Point to More Inflation

With Intel's Disappointing Results, The Bull Market Has Ended

S&P 500 Falls Well Below Analyst Targets

Somber Fed Says Economy Has Lost Punch The Associated Press - WASHINGTON (AP) - Retailers, home builders and many manufacturers should brace for even more rough times ahead, a somber Federal Reserve suggested Wednesday amid growing fears that the US recession might be longer and more severe.

andy cuomo of the Queens, N.Y. mob-connected cuomos who mob-connected giuliani backed over Republican Pataki backs former dixie mob-connected clintons (they’ve moved up to the big time mob-land, new york/new jersey ‘tony-soprano-land’) like guinea pelosi (her big change to failed, inept congress is gourmet food for congressional cafeteria) is loyal footsoldier as he accuses Obama of shuck and jive when everyone knows that a real new york (or new jersey, now california with the young gangs of which tony villar, name changed to villagairosa, la mayor and clinton shill and former gang member who failed the bar exam 4 times, was a part) attorney general could spend a whole career putting mob wops in jail and not even scratch the surface. So much for “squeaky-clean” jewish mobster spitzer who was desperate for a guaranteed gubernatorial win, having already shaken down most of the other corrupt new york bureaucracy/establishment.

MERRILL LYNCH Posts Record Loss on $15B Writedown; Failed Investments...January 17, 2008
Olmert to Wage a War Against Gaza Freedom Fighters RAMALLAH/GAZA CITY, 18 January 2008 — Israeli airstrikes killed five Palestinians, including a mother and child, in the Gaza Strip yesterday as Prime Minister Ehud Olmert vowed to wage a “war” because the Christ-killing Israelis/jews love blood.
US housing starts plunge 14.2 percent January 17, 2008

Preacher: Clinton 'did same thing to us that he did to Monica Lewinsky'...

NYT THURSDAY: BILL CLINTON FEELING THE HEAT, LOSING TEMPER... DETAILS... DEVELOPING...

STOCK JITTERS: Dow Ends Down 307as Economic Reality Counts... January 17, 2008
Techs rationally slipping into gloom...Philadelphia Fed Index, the regional manufacturing survey came in at -20.9, its lowest number
since October 2001. The consensus estimate predicted a reading of -1.5. Since the number is below zero, it reflects contraction. January 17, 2008
Panic mode as bush, congress (record low approval ratings) discuss $150 billion they don’t have to lift economy

CANADA PUTS U.S./ISRAEL ON WATCH LIST FOR TORTURE/TERROR/WAR CRIMES January 17, 2008

ISRAEL GUILTY OF WAR CRIMES: UN

New Hampshire ballot boxes found slit January 18, 2008
Biggest drop in US housing starts since 1980 January 18, 2008
Sinking Sterling Is Catching Dollar's Disease: Michael R. Sesit January 18, 2008
Israeli Bombing Flattens Elected Government Infrastructure and Citizenry January 18, 2008
Odds are, U.S. is in a recession January 18, 2008

Housing Starts Are Still Tumbling
Woman killed, dozens wounded in new Israeli strikes on Gaza (AFP)
World Chess Champion Bobby Fischer Dies...KEVIN BOOTH: AMERICAN DRUG WAR In this special report, Alex is joined by Kevin Booth, whose new documentary film American Drug War has taken independent cinema by storm and won several awards. American Drug War shows how money, power and greed have corrupted not just drug pushers and dope fiends, but an entire government.
CANADA ADDS U.S. TO LIST OF NATIONS THAT TORTURE

U.S. ECONOMY FALLS AFTER TEETERING ON THE BRINK
KILLING CIVILIANS, CAREFULLY: PRECISION BOMBING IN IRAQ AND AFGHANISTAN
ISRAEL GUILTY OF WAR CRIMES IN GAZA: UN

OBAMA CAMPAIGN: THE CLINTONS AND THE DISCREDITED CAUCUS...Sat Jan 19 2008 ET
TO: Interested Parties FR: David Plouffe, Obama Campaign Manager DA: January 19, 2008
RE: The Clintons and the Discredited Caucus
Barack Obama is very proud of the effort that he and his campaign have made in Nevada. As people head to their Caucus sites this morning, we have closed over a 25-point gap in a state where Hillary Clinton was the choice of much of the political establishment and enjoyed huge advantages in terms of name identification…...And now, according to Jon Ralston, allies of the Clinton Campaign may be planning to challenge voters at the at-large precincts. It is a sad day when Democrats start trying to suppress the vote of other Democrats. Beginning with the lawsuit filed by their allies to suppress turnout among union members, the Clinton Campaign has been engaged in a systematic effort to discredit the process – a process which was pushed, developed, and approved by their supporters at the Democratic National Committee and in Nevada. It wasn’t until Obama began gaining strength in a state they expected to win by at least 20 points that they began their attempts to delegitimize the process. Former President Clinton said that this caucus “was not like an election” and that it disenfranchised voters. Even though the lawsuit was rejected as completely meritless by a federal judge, we remain concerned that the specter of the lawsuit has confused voters and threatens turnout at the at-large precincts, which may have been the intent of the Clinton allies all along. The Clinton Campaign has also repeated the efforts it made in the closing days of the New Hampshire primary by launching knowingly false attacks on Barack’s opposition to Yucca, his 100-percent pro-choice rating, and position on Social Security. There have been push polls and robocalls pushing these false attacks. And just last night, former President Clinton made two false and outrageous allegations, distorting a radio ad that does not even mention Senator Clinton and accusing the Culinary workers, whose support both Clintons furiously sought, of engaging in deliberate voter suppression. The conduct of the Clinton Campaign in recent weeks essentially makes the case for why we need Barack Obama – it’s the same old-style say anything or do anything to win, divisive attacks that have prevented progress in this country for so long.

NH: Pre-Election Polls Wildly Different Than Clinton/Obama Results January 9, 2008
Ten polls had Obama ahead of Clinton by double digits the day before NH primary:
The Spin: the “humane” connection with the (female) voters.
Reality: the contrived (there’s always a reason) coffee klatch, the crocodile tears (were real but for herself given lady macbeth’s perceived reality of loss), but not to fear (we’ll just have to win say criminal clintons again – which means america and the world loses again as has been so since bush/clinton/bush) and remember, the diebold voting machines are the bush/clinton friends. Indeed, in New Hampshire approximately 45% of the vote is hand-counted (hard to rig) while 55% of the vote is diebold machine tallied (by tech manager with narcotics trafficking conviction, prospective clinton pardonee who said he didn’t care about laws)…..You guessed it. Obama won the hand-counted vote and whoops, the pollsters were right, the criminal clintons won the machine tallied vote. Time to put the bushes/clintons in jail where they belong. What a failed, corrupt, banana republic criminal america is.
SC voting machines not set to zero before voting started

South Carolina primary plagued by bad voting machines, snow
Mexico Ready to Interfere in U.S. Elections
Gaza Reels From Israeli Lockdown

Israeli Ministers Call for Nasrallah’s Assassination

Editorial: For the israeli War Criminals Yet Another War Crime

OBAMA RIPS INTO BILL CLINTON MONDAY... DEVELOPING....

Ron Paul Predicts Giuliani Dropout January 21, 2008
Conference Promotes Global Citizenship January 21, 2008
Republicans: FISA Authority in Constitution January 21, 2008
Shh! Ron Paul Places 2nd in Nevada January 21, 2008
Email missing from Cheney's office on day White House told to preserve documents in CIA leak
Anti-war veterans' group: War crimes are 'encouraged'
Impeachment of Cheney now
Covering Up the Coverage - The American Media's Complicit Failure to Investigate and Report on the Sibel Edmonds Case
Pentagon Report On ‘Real Toll’ Of Iraq War: 1 In 5 Vets Are Affected By ‘Mild Traumatic Brain Injuries’
Black Monday as biggest FTSE crash since 9/11 wipes off nearly £60bn in shares
Lebanese army opens fire on provocative violation of air space by israeli jets
Asian, European Markets Plunge
Black Monday as biggest crash since 9/11 wipes off nearly $120B in shares
LONDON PANICS OVER MARKET MELTDOWN
Kingdom Slams Gaza Blockade RIYADH, 22 January 2008 — Saudi Arabia yesterday denounced the Israeli atrocities against the Palestinians in Gaza and West Bank and urged action…..
World Stock Markets Crash
What Bush Left Behind GAZA CITY, 22 January 2008 — Since US President George W. Bush’s visit to this part of the world, at least 38 Gazans have been killed and another 1,500 injured as a result of israeli war crimes…..
BILL HAS A 'DREAM': Ex-Prez Nods Off During MLK Service... VIDEO... Stock Markets Plunge Worldwide...
Nikkei fell nearly 5% on opening Tuesday... Obama Calls Perjurer and Pathological Liar Bill Clinton Untruthful...
Atlanta mayor takes shot too...THE PANIC OF '08

Will the Economic Crash Wake People Up? January 22, 2008
Calls for NATO to Adopt Pre-emptive Policy Against Nukes January 22, 2008
"Roe" of Roe v. Wade to Endorse Ron Paul January 22, 2008
NH Election Update: Diebold Gave Clinton, Edwards 7.5% Over Hand Count in Nashua January 22, 2008
CHILL MR. BILL SLUGGO...
Daschle: 'I think it's not presidential to be part of the bush/clinton crime families'... Stunning jump in bubble-market-banana-republic California foreclosures...
ROAR OF THE BEAR MARKET...
Stocks Plunge on Already in Recession Recession Fears...
USA Moves to Pretend to Avert Inevitable Economic Meltdown...
Fed's deep rate cut seen as 'once-in-a- generation' Desperation...
APPLE Profit Rises 57%; Shares Fall on Grim Outlook... Major Layoffs for YAHOO...

Colin Powell Confronted on Use of Depleted Uranium January 24, 2008
NY Post Calls 'Lunatics' at Ground Zero "Purely Obscene" January 23, 2008
What Referendum? MPs Confronted on Yielding British Sovereignty to EU January 24, 2008
Norman Podhoretz: Stopping Iran- Why the Case for Military Action Still Stands January 23, 2008
Kramer Calls For Investigation Of Fed
Apple shares fall 11 percent on outlook concerns
Crisis far from over, even with emergency cut
U.S. budget deficit likely to hit $250 billion this year not including cost of stimulus to keep incumbents in office as economy weakens
Let Market Crash Now Or Face Financial Train Wreck Experts encourage facing reality that stocks are overvalued due to weak dollar, but Fed set to continue with dangerous sweeping rate cuts. The Fed's continued obsession with slashing interest rates and printing money in order to maintain the facade of the grossly overvalued stock market while the dollar collapses is precipitating a financial holocaust. Yuppies need to cut their losses and accept a soft crash now or place the very pillars of the American economy in danger…..Chambers says the outlook is bleak through to the end of 2010 and that without this "puke" the second leg of the credit crunch could lead to a "financial train wreck on a scale not seen by the current generations". Facing the reality of the fact that the stock market is grossly overvalued due to the weakness of the dollar and is due a severe correction seems impossible to accept for the yuppies who have buried their heads in the sand and consumed establishment propaganda that the economy was "in good shape" for the past three years.
Hamas appeals to Arab states to force Israel to stop crimes
Gaza situation 'extremely fragile', UN and US reactions
Kuwait condemns Israel for creating human tragedy in Gaza
Gaza electricity cut 'alarming,' says UK
Iran: international bodies mum on Israeli crimes
Drop in Iraq Basra violence after UK withdrawal
Gaza Gripped by Cold and Darkness After Israel Blocks Delivery of Fuel - Washington Post
Palestine-Israel, Politics, 1/22/2008
Israeli Airstrike in Gaza Kills 2 Hamas Members - NY Times
Palestine-Israel, Politics, 1/22/2008
Mayor okays 7,300 new homes in east Jerusalem: TV - Yahoo
Palestine-Israel, Politics, 1/22/2008
DOW 600 POINT SWING...
FEAR FOR USA AT DAVOS...
Soros: Worst crisis in 60 years...

Colin Powell Confronted on Use of Depleted Uranium January 24, 2008
The NY Post's 'Obscene' Gesture Towards 9/11 Truth January 24, 2008
What Referendum? MPs Confronted on Yielding British Sovereignty to EU January 24, 2008
Corporate Media Ignores Ron Paul's Second Place In Louisiana January 24, 2008
The Era of Dynastic Politics, Where Nothing Really Changes except the speed of america’s downward spiral in all ways
Forget 1987, This Could Be 1929 All Over Again
Olbermann: It’s the Economy, Stupid
FLASHBACK: Economists Predicted That A Prolonged U.S. Presence In Iraq Could Lead To A Recession
John Taylor Gatto: Dumbing Down America
Senator Dodd renews call against telecom immunity
CIA document talks of need to "remove" Martin Luther King from leadership of "Negro movement"
Hamas Scores Another Victory: Israeli Media
WORLD'S SECOND BIGGEST SCAM AFTER WALL STREET: Rogue French banker loses $7 BILLION...

Did Ron Paul Win The Louisiana Caucus? January 25, 2008
Two More Gardasil Deaths Causing Alert in UK Over 'Jab for Girls' January 25, 2008
Ron Paul Shunned in Blatantly Unfair MSNBC Debate January 25, 2008
Lord Save Us From Useful Green Idiots January 25, 2008
US quietly demands Iraq give defense contractors, US military immunity from war and other crimes prosecution
Gold, platinum hit records as dollar weakens, jitters linger
Out of the ashes a New World Order As the United States faces an economic crisis that is being compared by experts to the 1929 Great Depression, rational people are proclaiming the fall of the U.S and the end of criminal bush sr’s self-proclaimed new world order.
Economic Stimulus Package Ignores the Laws of Economics
http://infowars.com Alex welcomes Saint John Hunt, the son of Former CIA agent and Watergate conspirator E. Howard Hunt, to discuss new revelations in his father's involvement in the JFK assassination conspiracy which he has written about in his new book Bond of Secrecy.
Alex joins host George Noory in a discussion of the most important issues of our time:The beginning of the global financial collapse and needs to look at the pervasively corrupt Americans behind same instead of casting blame elsewhere.....
The cashless society control grid now in its final phase of completion that will be used to dominate and oppress humanity...
And most important of all - how each of these pieces of the puzzle together reveal the Elite's terrifying master plan: The End Game.
In attempt to provoke more conflict war criminal nation israel Bars Palestinians From Entering Al-Aqsa
NOONAN: Bush destroyed the Republican Party…..and clinton destroyed the Democratic Party (remember their loss of all branches of government in the clinton scandal scarred years)…..because they’re crime families that don’t want or need civilized political process….. clinton accuses Obama of “slumlord” connection with Rezko because as an Associate he worked some minimal hours on this client of the firm where he was employed as an Associate, when the real connection existed between the clintons and Rezko 'I DON'T REMEMBER MEETING REZKO'SAYS PATHOLOGICAL LIAR AND CRIMINAL CLINTON..... Kerry blasts former president, a perjurer and pathological liar for 'abusing truth'... Bill ‘i din’t have sexual relations with that woman’ clinton again wagging finger, raising eyebrows... HOME PRICES FELL IN '07 FOR FIRST TIME IN DECADES...stallone vs. NorrisWhile I’m a fan of neither (and the following is not to be construed as an endorsement or not of their picks), their endorsements of political candidates has led some to speculate as to which of them would prevail in an actual physical fight. THERE IS ABSOLUTELY NO QUESTION (100% probable outcome) BUT THAT CHUCK NORRIS WOULD KICK STALLONE’S STEROID-FILLED, PIMPLY, GUINEA ASS. The roids have gone to rambo’s brain who is a legend in his own fantasy-filled mind (stallone quips that action heroes today are, unlike him, too intellectual…..riiiiight Rambo…..like, ie., SUPERMAN, SPIDERMAN, BATMAN, ETC.). What a typically dumb wop stallone is. Yo, Adrian.

EXITS: Bill Clinton's campaigning 'hurt'...
68% of white voters say Clinton unfairly attacked Obama...

`Caroline Kennedy Endorses Obama: 'A President Like My Father'... A WINNING SMILE: OBAMA 55% ... CLINTON 27%... EDWARDS 18%... Bill Clinton: McCain And Hillary Are 'Very Close'... Kennedys Endorse Obama...`
`*Bill phoned to try and derail...`
`Caroline: 'A President Like My Father'... Chávez pushes for withdrawal of international reserves from U.S. banks...`Street slashes fourth-quarter earnings growth with much worse to follow is the real view

U.S. mortgage crisis creates 'ghost town' in Cleveland suburb...

Gandhi Grandson Quits After Criticizing Jews ROCHESTER, New York, 27 January 2008 — Mahatma Gandhi’s grandson resigned from the peace institute he co-founded after condemnation of his comments that Israel and the Christ-killing Jews are the biggest players in a culture of violence that “is eventually going to destroy humanity.” Arun Gandhi, the fifth grandson of the revered pacifist, said on Friday that his comments, which were posted on an online forum, were meant “to generate a healthy discussion on the proliferation of violence.”
Arun Gandhi Resigns After Speaking the Truth From NY Peace Center The Associated Press - ROCHESTER, NY (AP) — Arun Gandhi said he learned at his grandfather's feet that the world's major conflicts can only be tackled by (first eliminating war criminal nations like Israel) ...
Gandhi's grandson resigns from peace institute Sify
Gandhi's Grandson Quits Nonviolence Center Washington Post
Bapu’s grandson resigns from US institute for peace Merinews

IS THERE ANYONE DUMB ENOUGH TO BELIEVE EVEN A WORD DUMBYA BUSH SAYS SINCE HE IS WRONG AND LIES ALL OF THE TIME? DID THEY EXPECT HIM TO DO OTHERWISE IN THE JOKE STATE OF THE UNION? HISTORY WILL WRITE HIM AND HIS AS A FAILED PRESIDENT AND A WAR CRIIMINAL TO BOOT.

MORE ON MCCAIN AND ALITO by James Oliphant As we await the State of the Union, here's an update on this morning's imbroglio involving Wall Street Journal columnist John Fund and his report that Sen. John McCain has told "conservatives" that he would support Supreme Court nominees in the mold of John Roberts, but not Samuel Alito…..
If McCain said this, he is to be commended inasmuch as I know (and have sworn under penalty of perjury) alito to be a typical corrupt (sopranoland) new jersey guinea who parleyed obstruction of justice as (a failed) u.s. attorney for the mob infested state of n.j. into a less than distinguished judicial career.

McCain Promises To Bankrupt the Nation Faster With More Misguided War Mongering/Rhetoric, Proving His Critics Right About His Aging Beyond Repair Brain and Lack of Economic Knowledge Focusing Like the Failed President Before Him, dumbya bush, only on War

Bush says prescription meds and an occasional belt, war crimes and blood, and faith in all that is devilish helped him go down to new lows in polls, achieve record deficits and decline in u.s., all while deceptively but not really sober

Bush Seeks Legacy as Dry Drunk (not really so dry) and Talks of Past Addiction Washington Post - By Michael Abramowitz BALTIMORE, Jan. 29 -- President Bush plopped himself into a chair between two former prisoners, Thomas Boyd and Adolphus Moseley, and asked to hear how their lives had changed.
Video: Bush Uses Addiction To Inspire Others Video: Bush Uses Addiction To Inspire Others wbal
Bush Enlists Alcohol Past in New Cause New York Times

Mike more of the same mukasey refuses (and gutless democrats are glad-another bull s**t talking for which they will whine and do nothing) to judge waterboarding

Bev Harris: New Hampshire Recount a "Criminal Enterprise" January 28, 2008
Neo-Con Hugh Hewitt Excludes Ron Paul Results from Primary Listings on Blog January 28, 2008
Ron Paul Can Win Maine January 28, 2008
TV News Report on Fluoride Poisoning January 28, 2008
New Hampshire Recount Delay Stokes Suspicions Fresh from her confrontations in New Hampshire during which public officials were grilled about slapdash chain of custody and ballot box tampering issues, Bev Harris is now convinced that a "criminal enterprise" is running the primary recount.
Dollar down as investors brace for more rate cuts
Weak Dollar Fuels China's Buying Spree Of U.S. Firms
FEDS: New Home Sales Fall by Record Amount...
Economy Stronger Now Than Last Year? Rubbish! (at Seeking Alpha)
Faith In System Erodes Brick By Brick (at Seeking Alpha)
A Beautiful Model for Loan Fraud (at Seeking Alpha)
Commercial Real Estate Crash is Underway (at Seeking Alpha)

Harris Calls For Resignations In New Hampshire Recount Fiasco January 29, 2008
Romney Loses Florida NewsTalk Host's Vote to Ron Paul January 29, 2008
Multiple Voting Machine Problems Reported In Florida January 29, 2008
Police Threaten to Arrest Alex Jones and Other Demonstrators at Rick Perry Protest January 29, 2008
Harris Calls For Resignations In New Hampshire Recount Fiasco
Fresh from her confrontations in New Hampshire during which public officials were grilled about slapdash chain of custody and ballot box tampering issues, Bev Harris told the Alex Jones Show that a "criminal enterprise" is running the primary recount and has called for Secretary of State William Gardner to resign and his assistant to be fired.
WHAT A FAILED, CORRUPT, MEANINGFULLY LAWLESS, WAR-CRIMING/WAR MONGERING BANANA REPUBLIC AMERICA IS!
Howard Highlights Ease Of Recount Fraud
MOB MAN RUDY THE DOODY GHOULIANI’S FLORIDA STRATEGY PAYS OFF…..NOT!
Former spy chief confirms US waterboarding
DOD wants $70 billion more for wars
Showdown in Blackwater's Backyard
Arun Gandhi: Man of Truth,Peace & Good Will
Knesset Member: 'Gay plague' will destroy Israel...
10-city home price drop a record...
Nevada Top Foreclosure Rate...
FBI in subprime crackdown...Fed in Panic Mode and looks set to cut rates more since already in recession
UBS subprime losses deepen, bank deep into red
Subprime crisis draws FBI scrutiny as Fed meets
UBS to Post Record Full-Year Loss On Further Mortgage Write-Downs
UPDATE - RESEARCH ALERT-Oppenheimer downgrades Merrill Lynch
Yep, It's a Bear Market

CORRUPT BANANA REPUBLIC CALIFORNIA FORECLOSURES UP 238% FOR 2007 AND UP 680% FOR 2 YR. PERIOD ’06-’07.

Giuliani Admits Ron Paul Won All The Debates January 30, 2008
DARPA’s iXo Artificial Intelligence Control Grid January 30, 2008
Mitt Romney-John McCain-Ron Paul Debate Wednesday Night? January 30, 2008
Folk Legend Arlo Guthrie Endorses Ron Paul for President January 30, 2008
Burnt out, bungling, bumbling dry drunk (when he’s not catching a belt or two) bush Waives Ban On Permanent Bases In Iraq Through Signing Statement On Defense Act
Dollar falls broadly as Fed slashes interest rates The dollar sank to a fresh two-month low against a basket of major currencies on Wednesday after the Federal Reserve cut benchmark U.S. interest rates by a half percentage point and warned that more would likely be needed to support the faltering economy by creating hyperinflation with worthless dollar - smoke and mirrors.
U.S. gold futures jump to record high above $940
Economy suffers worst quarter since 2002
FEDS: Economy Nearly Stalled in 4th Quarter; Suffers Worst Year Since '02
Banks 'May Write Down $70 Billion'
10-city home price drop a record
Ahmadinejad tells West: Accept Israel's 'imminent collapse'
Israeli Inquiry Finds ‘Grave Failings’ in war crimes and yet another illegal ’06 War
Asia gripped by volatility and no confidence in u.s. after Fed panic rate cut
Asia Slides Lower on Sentiment and Storms TheStreet.com
Israeli Army Failed in Lebanon War: Winograd Report
Illegals May Get Rebates as Part of Stimulus Package...
NYT PAGE ONE THURSDAY: TOP CLINTON DONOR: FROM NOVICE TO A FORTUNE IN URANIUM... HEAT: Obama Says the obvious that Clinton Would Be a Step Back...

Ron Paul Cheated Again During CNN "Debate" January 31, 2008
Madeline Albright Confronted by We Are Change Seattle January 31, 2008
Morgan Stanley Strategist: Buy Remote Land, Stored Food & Guns January 31, 2008
Bill Clinton: 9/11 Was NOT An Inside Job... Because People Died January 31, 2008
Bill Clinton has angry response for 9/11 heckler
Bill Clinton: Pauperize the Populace to Cure Global Warming
Bill Clinton: 'We Just Have to Slow Down Our Economy' to Fight Global Warming. Don’t worry about that sluggo, that’s already reality. Is he kidding
clinton clearly is suffering, mentally and physically, the after effects of his fairly recent maladies and open-heart surgery; his inveterate lies not as crisp nor his grift as smooth; he never was anything but a defective and less than rational thinker in addition to being a psychopath and pathological liar and an unconflicted criminal by any standard; clinton’s really losing it; clinton’s lost his edge.
ABC: Hillary Clinton Remained Silent As WAL-MART Fought Unions; Tapes Show Loyal Company Woman

Hitlery clinton Says She Can Control Her Husband …..riiiiight hill, history really bears that out….. how odd
GALLUP POLL: OBAMA RISING; UP 11-POINTS IN WEEK...

OBAMA BREAKS FUNDRASING RECORD: $32 MILLION -- 170,000 NEW DONORS FOR JANUARY... hitlery clinton on the bush/clinton/bush crime families – they clean up after each other’s criminal messes and keep each other out of jail – the doj had the clintons but family partners in crime bush let them off the well deserved hook (mary jo whitewash) as bush says put same behind them, kept some of the clinton criminals (berger, etc), and added some of their own.
Colbert Report: 'Classic' Ron Paul Calls It Again on Ending Iraq War February 2, 2008
Ron Paul Tax Adviser February 2, 2008
Hamas Slams Visits of Solana, Blair

Fake Conservative Coulter To Vote For Fake Liberal Hillary February 2, 2008
Neo-con lapdog bigmouth Ann Coulter has declared that she will vote for Hillary should John McCain win the GOP nomination, declaring Clinton to be "more conservative".
Middle East Internet Blackouts Spur Geopolitical Suspicions February 2, 2008
Unprecedented mass Internet outages throughout the Middle East and Asia after no less than four undersea Internet cables were cut without explanation are spurring suspicions that a major event of geopolitical proportions may be just around the corner.
Olbermann: Bush push for telco immunity 'textbook example of fascism' February 2, 2008
Federal Reserve Stealing Iraqi Oil Revenues February 2, 2008
Chomsky: US acts like Nazi Germany February 2, 2008
U.S. loses jobs for first time in 4-1/2 years
70% Of Americans Think Country Headed The Wrong Way
Hillary Gets Question On Bush/Clinton (u.s. in decline) Dynasty Vote Hillary for no change whatsoever.
Women Bombers In Iraq Kill 72
OPEC Rejects US Demand for More Oil
US envoy: Iran gained from US invasions
Financials cause slide in S&P 500 profit
OIC Condemns Gaza Siege; Urges Immediate Action by UN JEDDAH, 4 February 2008 — The Organization of the Islamic Conference (OIC), which groups all Muslim countries, yesterday lashed out at Israel for the crimes it is committing against Palestinians…..
`Israeli soldiers suspended for mooning Palestinians...`U.S. military says it accidentally killed 9 Iraqi civilians
A Double Dose of Clinton Is Not What the World Needs It is not a question of who has the dominant personality— Bill or Hillary Clinton? If we hadn’t caught the penny before we certainly heard it drop in South Carolina. Bill and Hilary are criminals and is “two for one” and more of the same bush/Clinton crime families…..
`First Lady of California, Shriver, Endorses Obama... REUTERSC-SPANZOGBY POLL: Obama, Romney widen CA leads... Dem Deadlock in NJ; 17-point Obama edge in GA... ZOGBY: 'The momentum is with Obama'...`

Video: Willie Nelson Questions Towers' Demolition on 9/11 February 5, 2008
Local News Covers Willie Nelson's 9/11 Remarks February 5, 2008
Q4: Ron Paul Receives More Military Donations Than All Other Republicans Combined February 4, 2008
McCain Claims Iraq ‘Casualties Are Coming Down,’ Yet Actually Increased In January February 4, 2008
U.S. Troops Asked If They Would Shoot American Citizens
UAE likely to revalue dollar-pegged currency
Bush inaction guts privacy oversight board
Mass Psychology and Education
CBS: Little e-voting accountability on Super Tuesday
McCain Claims Iraq ‘Casualties Are Coming Down,’ But Casualties Actually Increased In January
U.S. Says It Accidentally Killed 9 Iraqi Civilians
Sy Hersh confirms: Syrian facility bombed by Israel was not nuclear
10-city home price drop a record Home prices in 10 major metropolitan areas fell a record 8.4 percent in the year through November, suggesting the housing slump is worsening
In his report on the Sunday Edition of Alex's National Show, Alex discusses the coming recession and economic depression, the real state of the stock market, how foreign corporations are buying up U.S. infrastructure and how the Council on Foreign Relations recently called for the collapse of the dollar and its replacement with a global currency.
U.S. Troops Asked If They Would Shoot American Citizens
Q1 Outlook: The 'R' Word (at Seeking Alpha)
China's Inflation Hits American Price Tags (at Seeking Alpha)
Bubble Economy Endgame (at Seeking Alpha)
The Overhang of LBO Debt (at Seeking Alpha)
Jobs Contract as 2007 Job Growth Revised Away (at Seeking Alpha)

2-05-08 Even more crocodile tears from hitlery clinton

Dam Breaks, ABC News Covers Willie Nelson 9/11 Story February 5, 2008
Fmr VP Walter Mondale & Fmr. Senator Dayton Support New 9/11 Investigation February 5, 2008
We Are Change Colorado Confronts Bill Clinton February 5, 2008
Revealed: British plan to build training camp for Taliban fighters in Afghanistan February 5, 2008
Local News Covers Willie Nelson's 9/11 Remarks
VIDEO: Willie Nelson: Towers Demolished on 9/11
Drudge Report Cans Willie Nelson Story
Debunkers' Best Rebuttal: "Willie Smokes Pot"
Willie Nelson: Twin Towers Were Imploded On 9/11
Willie Nelson Fears Election Could Be Cancelled
Breitbart TV: Willie Nelson - Towers Imploded Like Condemned Vegas Casinos
OpEd News: Willie Nelson Fears "an Event" that Could Keep Bush in Office for Another 10 Years
MP3: WILLIE NELSON ON THE ALEX JONES SHOW (Entire Hour)
9/11 inquiry head 'tried to shield George Bush'
It's a truly terrifying paradox. In the name of freedom, Britain is becoming a police state
Reclusive writer was tortured by 'sadistic' gang then beaten to death, Old Bailey told
Three different versions of "suicide attack" in israel contradict each other
Stocks tumble on recession signs
Services index plummets, points to recession
Olmert Too Weak to Deliver
CLINTON: AR, AZ, CA, MA, NY, NJ, OK, TN
OBAMA: AK, AL, CT, CO, DE, GA, ID, IL, KS, MN, MO, ND, UT
HUCKABEE: AL, AR, GA, TN, WV
MCCAIN: AZ, CA, CT, DE, IL, MO, NJ, NY, OK
ROMNEY: CO, MA, MN, MT, ND, UT DOW DOWN 370...
Recession and property defaults growing; Trend is undeniable... Alabama: Obama 60, Clinton 37... Arizona: Obama 51, Clinton 45... Connecticut: Obama 53, Clinton 45... Delaware: Obama 56, Clinton 42... Georgia: Obama 75, Clinton 26... Illinois: Obama 70, Clinton 30... Massachusetts: Obama 50, Clinton 48... Missouri: Obama 50, Clinton 46... New Jersey: Obama 53, Clinton 47... Ruptures call safety of Internet cables into question...
Conspiracy theories emerge...U.S. acknowledges war crimes, war profiteering, and use of torture including waterboarding
International law violator and war crimes nation israel kills 9 civiliians in Gaza in unprovoked attack (Reuters)

O'Reilly Calls Willie Nelson a 'Pinhead' for His 9/11 Remarks February 7, 2008
Alex Jones Interviews Willie Nelson (Six Parts) February 6, 2008
French Authorities Investigating Vaccine Companies for Manslaughter February 6, 2008
Parents Producing 'Battery-Farmed' Children Who Never Play Outside: Minister February 6, 2008
Hillaryous: "Not a lot of truth" to North American Union
Sophisticated Mexican kidnapping cells plot abductions of Americans... ELECTION SHOCK NOT SO SHOCKING: OBAMA CLAIMS DELEGATE LEAD... Pre-election polls immediately preceding california primary showed Obama with a clear lead over clinton. Moreover, it is reported this day that Obama actually won more delegates than clinton which the press which has shilled clinton as their anointed one refuses to report. Then there’s the double bubble chads and voting irregularities in former gang member and la mayor tony villar's (now villagairosa) la county.
Interestingly, despite Obama’s pre-primary poll lead, the election was called for hillaryous Clinton with no more than 17% of the vote tallied. What did they know and when did they know (the fix was in) it?

Vermont Supporters of Arrest Warrant for Bush, Cheney Outweigh Opponents

Israel kills five civilians, freedom fighters, teacher in Gaza (Reuters)

International war criminals/provocateurs israeli aircraft pound Gaza (AFP)
Mob Sweeps in NYC, Italy Target Gambinos The Associated Press
NEW YORK (AP) - Authorities arrested dozens of people Thursday in a sweeping Mafia takedown aimed at closing the book on decades-old gangland killings and other crimes and knocking out what's left of the once-mighty Gambino family.
The Gambino crime family is dealt another crippling blow Newsday
Dozens sought in mob raids in US, Italy San Jose Mercury News
FBI Arrests 'The Greaseball,' 'Jackie the Nose,' 'Tommy Sneakers,' and 'Bobby the Jew'... Dozens Sought in Mob Raids in USA, Italy...

Presidunce george dumbya bush explains that preemptively attacking other nations is freedom.
Hamas Rejects Abbas’ Truce Offer as Israel Kills 7 civilians including children in Gaza
Survivor Claims Seeing US Soldiers With Local Troops Involved in ‘Massacre’
Clint Eastwood: Ann Coulter, conservatives 'very masochistic' and sadistic... Buffett: Bank woes are 'poetic justice'... 'Euros Accepted' signs pop up in New York City... Soothsayers: Tension, disaster, turbulence -- welcome to the Year of the Rat!

O'Reilly Calls Willie Nelson a 'Pinhead' for His 9/11 Remarks February 7, 2008
Campaign Donations: Rockefeller Backs Hillary; Kissinger Backs McCain February 7, 2008
Top Cop Says McCain Was Never Tortured February 7, 2008
Why a Third-Party Candidacy Makes Sense for Ron Paul February 7, 2008
Ron Paul's Name Crossed Out On New York Ballot Papers
O'Reilly the Phone Sex Pervert Smears An American Icon And Declares Himself A Patriot
Buchanan: John McCain ‘Will Make Cheney Look Like Gandhi’
Conservative leader: I'm not sure conservatives trust' McCain
McCain Aide Is Dual Citizen of Mexico
Kidnappings of U.S. citizens on rise
Jack McLamb and Alex Jones: Is McCain the Manchurian Candidate? A number of Vietnam Veterans and P.O.Ws have great disdain for the Senator from Arizona and this should be worrisome to the McCain Camp as he struggles to patch the GOP factions together under his banner
Romney Surrenders at Neocon Altar Tells neocons at the Conservative Political Action Conference he will “stand aside” to stop Hillary, Obama, and “aiding a surrender to terror,” as if Hillary, Barack work for al-Qaeda
Top Cop Says Songbird McCain made 32 propaganda videos for the communist North Vietnamese in which he denounced America, Provided Information, and Was Never Tortured

White House defends the indefensible including war crimes, torture such as waterboarding, incompetence, etc., because they can and, because they’ve done same, they must; CIA chief uncertain
Consumer confidence sinks even lower
Data suggest economy stagflating

BW: Steve Ballmer Should Focus -- Like the Other Steve The Mac Observer - by John Martellaro , 1:05 PM EST, February 8th, 2008 Big mergers in the high-tech industry have been colossal failures, and the same can be expected of Microsoft and Yahoo. Microsoft's Bid for Yahoo Continues to Draw Flickr's Ire Wired News

NEW RECORD LOW APPROVAL RATE FOR BUSH 30% AND CONGRESS 22% (OTHER LESS CONSERVATIVE POLLS SHOW EVEN WORSE NUMBERS)

McCain's Presidential Ambitions Set To Be Swiftboated February 8, 2008
McCain Aide Is Dual Citizen of Mexico February 8, 2008
Could Ron Paul Become the "Cinderella Man" February 8, 2008
The Onion: 'They Forgot 9/11'… And So Ends Giuliani’s Campaign of Fear February 8, 2008
Recession to be longer than usual: UMich Reuters February 8, 2008The U.S. economy has entered a recession that will be more painful and drawn out than the usual downturn, the director of the Reuters/University of Michigan consumer sentiment survey said on Friday. Inflation pressures will linger despite the retrenchment in consumer spending, complicating the task of policy-makers, the University's Richard Curtin said in a report, citing data from industry group The Conference Board. "This is no ordinary recession," he said. "The aftereffects will last much longer than the typical downturn. "He said the Conference Board's expectations index is a strong predictor of economic contractions, and that it is currently flashing red. With Americans getting hit with everything from a housing downturn to excess borrowing, things will get worse before they get better…..
'US, Israel cut internet cables'
Cheney: GOD damns me and bush because I backed bush war crimes and torture such as use of waterboarding
McCAIN MADNESS
Shillary
NOONAN: Can Mrs. Clinton Lose -- With Grace?
Meet the Weimar Dollar How well behaved will the American people remain when they can’t buy a thing?

U.S. economy’s descent steepens Job losses and a contraction in the business sector where more than 80 percent of Americans work show that the angle of descent for the U.S. economy is steepening
Federal Reserve Under Increased Scrutiny After Huge Interest Rate Cuts
International law violator and war criminal nation israel Erects More Roadblocks in West Bank
Obama Leads Clinton by 2 Delegates...

NEW RECORD LOW APPROVAL RATE FOR BUSH 30% AND CONGRESS 22% (OTHER LESS CONSERVATIVE POLLS SHOW EVEN WORSE NUMBERS)

Three Israeli Soldiers Arrested Over Abuse of Palestinian Boys
`OBAMA WINS NEBRASKA; WASHINGTON; LOUISIANA...`
AND EVEN MORE CROCODILE TEARS AS CLINTON CRIES AGAIN
Obama Wins in Maine; Clinton Replaces Her Manager New York Times - Senator Barack Obama at a campaign rally at the Virginia Beach Convention Center on Sunday. The state primary is Tuesday. By KATHARINE Q. SEELYE VIRGINIA BEACH - Senator Barack Obama tallied his fourth decisive victory this weekend in a state ...
Obama takes Maine caucuses Boston Globe Obama wins caucuses in Maine Northwest Herald
`CBS: Obama Takes Delegate Lead, Even Counting Uncommitted Supers... Pelosi: Iraq which she voted for and funded, like herself and her godfather bush, is a failure -- surge was bust... OBAMA WINS NEBRASKA; WASHINGTON; LOUISIANA; MAINE...` `Ties Clinton to Past...`'Potomac primary' polls say Obama has the edge Houston Chronicle - By DAVID LIGHTMAN and WILLIAM DOUGLAS COLLEGE PARK, MD. - Barack Obama appeared poised Monday to trounce Hillary Rodham Clinton in today's "Potomac primary," as polls showed him with huge leads in Maryland and Virginia.

Neo-Cons Admit Ron Paul Has "Changed GOP Forever" February 11, 2008
DHS Head Chertoff Warns Of "Earth Shattering" Events February 11, 2008
World Bourses Lost 5.2 Trillion Dollars in January February 11, 2008
Also a "Patriot": Alan Greenspan, 'quintessential philosopher of the New Enlightenment' February 11, 2008
“Not Another Clinton” Sign Disallowed at Event
POLL: OBAMA TAKES LEAD WITH WOMEN IN MD, VA...NYT TUESDAY: CLINTON INSIDERS, DONORS FEAR ELECTION 'SLIPPING AWAY'
Clinton not ready to release tax returns
CBS: Obama Takes Delegate Lead, Even Counting Uncommitted Supers...
Citizens Confront “Fascist Pig” Bill Clinton
Speech Criminal in British Columbia Convicted Man sent to prison for posting on the Internet that he favors white heterosexuals
Hispanics leaving Arizona after recent curbs on illegals... Developing...
VA Change Confronts Bill Clinton VA Change attempts to ask Bill Clinton about his association with the Bilderbergers over the screams of fawning Clinton fans and zombies.
Smart Money Positioned for a Recession (at Seeking Alpha)
Borrowed Reserves And Tin-Foil Hats (at Seeking Alpha)
International war criminal nation israel seen failing to keep road map promises (Reuters)
Chertoff Warns Of "Earth Shattering" Events Department of Homeland Security Head Michael Chertoff has repeated the same fearmongering warning he made last year - he is worried "earth shattering" terror events are likely to be carried out soon.
American/israeli Psycho
Kingdom Asks World Powers to Curb Israeli State Terror
NeoAmerica
The Great Bust of '08
The Great Depression 2008 When the realization of history’s coup de grace hits, we will be caught as unaware as our ancestors were back in
U.S. economy’s descent steepens Job losses and a contraction in the business sector where more than 80 percent of Americans work show that the angle of descent for the U.S. economy is steepening
The Mother of All Rip-offs Trillions of dollars have been lost, the financial system is reeling, and the nation is headed into recession. We want scalps — not excuses!

Ron Paul Calls For March On Washington DC February 12, 2008
DHS Singles Out "Pregnant Women" As Likely Terrorists February 12, 2008
Call to Scrap 'Anti-Teen' Sound Dispersal Device February 12, 2008
Principal WTC Electrical Engineer: "Fuel & Planes Alone Did NOT Bring Towers Down" February 12, 2008
Ron Paul is right to see Fed as unconstitutional
Tortured Patsies To Take Fall For 9/11
Charles Swift: Use Of Waterboarding Evidence In Court Unheard Of Since ‘Spanish Inquisition’
Bumbling, bungling, war criminal bush Calls on France for Help in Wars Without End
`Russia, China propose new treaty to ban arms in space...`
Boulder: Impeach Bush. Why did they wait when more bush damage has been done and awaits?
Russia, A Rational Player On The International Scene, expresses surprise over reports of bombers' interception
Waterboarding for God and Country American Psychos
The Great Depression 2008 When the realization of history’s coup de grace hits, we will be caught as unaware as our ancestors were back in 1929.
Meet the Weimar Dollar
The americanized European securities markets are becoming as big a bloated joke as those in america.
U.S. economy’s descent steepens
Internet cable cuts are more than accidents. Why?
How the Clintons Will Destroy John McCain McCain is literally insane and blackmailable by the CIA

In the Chesapeake Rout, according to exit polls in Maryland, Obama won:
Latino Voters By Six Points: 53-47
All Religions (Including Catholics)
All Age Groups (Including Seniors)
All Regions
All Education Levels
And Women by TWENTY ONE POINTS... Venezuela Halts Oil Sales to EXXON MOBIL... WRAP: Obama, McCain win Virginia/Maryland/D.C. primaries...
CBS: DELEGATE COUNT...

The Bush Financial Bust of 2008: “It’s All Downhill From Here, Folks”

Watch Out for The Depression Colpitts warns “stimulus package will do little to help the ailing U.S. real estate market and millions of American homeowners at the brink of foreclosure”

Bush, Congress hit new low in AP poll

The White House wants a $1.4 billion stimulus/national security package…for Mexico

Many believe the truth that US already in a recession

Fourth Of July For Ron Paul Revolution Grand Rally? February 13, 2008
Afghans To Be Spied On Like The Rest Of Us February 13, 2008
Diplomats Advised to Compare 9/11 Cases to Nazi War Crime Trials February 13, 2008
Can the Ron Paul Freedom March Succeed? February 13, 2008
Depression risk might force U.S. Gov't & Federal Reserve to buy assets
House Rejects Spy Bill Extension, Setting Stage for Adoption of Telco Amnesty and Wider Spy Powers
House Rejects Extension for FISA
McCain's camp sharpens its message to Huckabee: the GOP Race is Over
Clinton intensifies her attacks on new front-runner Obama Los Angeles Times - Eric Gay / AP Democratic presidential hopeful, Sen. Hillary Rodham Clinton, DN.Y., gestures while speaking at a campaign stop in McAllen, Texas, Wednesday, Feb. 13, 2008.
Bush Administration Hides More Data, Shuts Down Website Tracking U.S. Economic Indicators
'Diana death-crash mirrored MI6 plot to assassinate top Balkan leader', admits former spy
Oops: White House spokesman admits telecoms spied
Singapore GDP shrinks 4.8%, cuts 2008 growth view
Whites to be minority in US by 2050: study
Iraq: the Bloody Disaster based on lies and warcrimes is Not Working Food program scraped, cholera outbreaks, sewage in the streets, abandoned orphans, trigger-happy soldiers on the rampage… hey, like Rumsfeld said, democracy is messy.
The Iniquities and Inequalities of War We are approaching a trillion-dollar war, while our Treasury is bankrupt, our economy is in shambles, and our infrastructure crumbles
Israeli Forces Arrest 70 in West Bank
Hezbollah No. 2 Assassinated
Editorial: Maliki’s Problems US Defense Secretary Robert Gates has announced he favors “a pause” in the withdrawal of US troops from Iraq. In part, this is not good news. The sooner foreign troops get out of Iraq, the sooner peace will be achieved.Hezbollah Says Top Militant Is Killed...
'Zionist gangsterism'... UPDATE: Bill Clinton Ex-Campaign Manager Backs Obama... Obama Extends Delegate Lead...

Obama Pushes Bill That Would Mandate Global Tax February 14, 2008
Corporate Media Smear Mayor Who Vetoed Military Urban Warfare Drill In His Town February 14, 2008
Maverick Fails The Test: McCain Votes Against Waterboarding Ban February 14, 2008
Child Fingerprint Checks at European Borders February 14, 2008
Multiple Victims in N. Illinois Univ. Shooting; Suspect Killed Himself
Is the Presidential Candidate of Your Choice Ready to Save a Sinking Ship?
Debt crisis spreads to US municipalities
`RASMUSSEN: Obama Takes Double Digit Lead; 49% to Clinton 37%...`
Bernanke Says Economic Outlook Is Worse
Bernanke open to further rate cuts
Housing and Labor Markets Will Deteriorate Beyond Current Expectations
Ghouliani, Mr. 911 the strategist who for $50 Million won one delegate, giuliani deep 'in the hole' over campaign debts... from routine stays at luxury hotels
Bloomberg: U.S. Resembles and Is Like N.Y./N.J./California, Etc., A Meaningfully Lawless 'Third-World Country'
Bernanke Says Economic Outlook Is Far Worse

And it is so thanks in large part to Bernanke, bush, greenspan, neocons, etc., and the Federal Reserve, sort of like Federal Express
Hizbullah commander killed in Syria Hizbullah, the Lebanese political party which has militarily resisted Israel in the past said that one of his commanders Imad Mughniyeh was killed by Israeli state terrorism. Lebanon-Syria, Politics, 2/12/2008
US reaction to Israeli announcement of new buildings on disputed land Sean McCormack, The US Spokesman for The Department Of State was asked about the Israeli announcement for building the new thousand houses on areas disputed with the Palestinians. Palestine-Israel-USA, Politics, 2/12/2008
US commander: No hostile act from Iran observed in Iraq The US commander in Iraqi central province of Diyala has said he witnessed no hostile act from Iranian side in the region during the past 10 months, a French weekly reported on Feb 5th. Iraq-Iran-USA, Politics, 2/12/2008
Canadian Inquiry Blames Israelis for Deaths in 2006 Lebanon-Israel-Canada, Politics, 2/12/2008
2006 War Called a 'Failure' for Israel - Washington Post Lebanon-Israel, Politics, 2/12/2008
The CIA operation that should have prevented the Iraq war - Yahoo Iraq-USA, Politics, 2/12/2008
Jews for Injustice Dept: Waterboarding Though Not Legal is Treated as if Legal
Bernanke Warns Economy Worsening...
Subprime crisis costs global $7.7 trillion...

50,000 First Responders Needs Donations, Dignity and True Respect February 15, 2008
Is Keith Olbermann ready to start asking real questions (After Calling Bush a Fascist)? February 15, 2008
Skeptical Global Warming Scientists To Challenge "Consensus" February 15, 2008
Bush Spy Bill Stance Called Fear-Mongering February 15, 2008
PUTIN RIPS HILLARY: 'At a minimum, a head of state should have a head'... POLL: OBAMA TAKES LEAD IN TEXAS... Black Leader, a Clinton Ally, Tilts to Obama...
NOONAN: Hillary Confidence or Derangement?Bleak economic reports signal recession
Consumer sentiment falls; factory output soft
BLOOMBERG: USA Resembling Third-World Country just like meaningfully lawless New York, new jersey, banana republic california.....Citigroup bars investor exits from hedge fund

Kucinich Promises Hearing on 9/11 Health; 'Money Bomb' Raises Thousands for Aid February 18, 2008
Top Adviser Says Clinton Will Win With Super Delegates; Obama Victories 'Irrelevant' February 18, 2008
Old JFK documents may stir controversy about conversation between Oswald and Ruby February 18, 2008
This Is What a Police State Looks Like February 18, 2008
Bernanke: “You are all Dead Ducks” Banks are battered by subprime liabilities, housing is in the tank, manufacturing is down, food and energy are up, unemployment rising… All that’s missing is a trumpet blast and the arrival of the Four Horseman.
Media Ignores Many Reasons for Foreclosures Loss of good jobs through ‘free’ trade is just one of many reasons at heart of foreclosure epidemic.
Paulson’s Wild Ride on the Hindenburg: “The worst has just begun” The next shoe to drop will be rising unemployment. Layoff notices have already gone out in new construction, retail, car manufacturing and financial services.
Iran Pulls Plug on Websites Web sites that comment on current events and don’t follow the government line are accused of “poisoning” public opinion ahead of mid-March parliamentary elections.
Bernanke Says Economic Outlook Is Worse
International war criminal israeli Forces Kill 4 more civilians in Gaza Raid
BUNGALOW BILL CLINTON LASHES OUT AT OBAMA SUPPORTER
INDEPENDENCE DAY... Kosovo declares itself 'free'...

USDA Orders Largest Meat Recall in US History Washington Post - By David Brown The Agriculture Department has ordered the largest meat recall in its history -- 143 million pounds of beef, a California meatpacker's entire production for the past two years -- because the company did not prevent ailing animals from ...The downers (source of mad cow) have already been eaten.

Clinton Aide Urges Seating Delegates The Associated Press - WASHINGTON (AP) - Harold Ickes, a top adviser to Sen. Hillary Rodham Clinton's campaign who voted for Democratic Party rules that stripped Michigan and Florida of their delegates, now is arguing against the very penalty he helped pass.
Odds are stacked against Hillary Clinton, say experts New York Daily News - BY KENNETH R. BAZINET in San Antonio, Texas MICHAEL MCAULIFF in Cincinnati and CELESTE KATZ in New York Hillary Clinton has come a long way from inevitability - and now experts see her as a presidential long shot.
RI sees surge in new voter registration ahead of big primary Boston Globe
Obama Picks Up Key Endorsements in Wisconsin, Texas (Update1) Bloomberg
Russia: US Satellite Shot a Weapons Test
Obama Picks Up Another Labor Endorsement...French FM urges Israel to lift Gaza blockade (AFP)

Kucinich Promises Hearing on 9/11 Health; 'Money Bomb' Raises Thousands for Aid February 18, 2008
Top Adviser Says Clinton Will Win With Super Delegates; Obama Victories 'Irrelevant' February 18, 2008
Transcript Of Plot To Kill JFK Discovered? February 18, 2008
Controversial Whistle-blower Website 'Wikileaks' Taken Offline in U.S. February 18, 2008
9/11 Victim's Father Paints Picture of US/CIA Criminal Enterprise on Spanish Television
Willie Nelson: Impeach Bush, "Throw The Bastards Out"
'Tony Blair gave order to kill Diana', Al Fayed tells crash inquest
Murder...
Princess Di's Butler admits perjury at inquest...
Bernanke: “You are all Dead Ducks” Banks are battered by subprime liabilities, housing is in the tank, manufacturing is down, food and energy are up, unemployment rising… All that’s missing is a trumpet blast and the arrival of the Four Horseman.
Media Ignores Many Reasons for Foreclosures Loss of good jobs through ‘free’ trade is just one of many reasons at heart of foreclosure epidemic.
Paulson’s Wild Ride on the Hindenburg: “The worst has just begun” The next shoe to drop will be rising unemployment. Layoff notices have already gone out in new construction, retail, car manufacturing and financial services.
The Dumbing of America Americans are in serious intellectual trouble — in danger of losing our hard-won capital to a virulent mixture of anti-intellectualism, anti-rationalism and low expectations.
Iraq: War-torn Children of Illegal War Starved of Childhood
Sharon Stone Rips US Media to Arab Paper; Pained Over '600,000' Iraqi War Deaths...War criminal dumbya bush laments/condemns 700,000 lost lives in Rwanda while failing to mention his own 700,000 killing spree/war crimes in Iraq based on lies and cover-up.International war criminal nation israel lashes out at top UN humanitarian official (AFP)
If Kosovo Can Be Free, Why Not Palestine?
Clinton Camp Desperately Accuses Obama of 'Plagiarism'...
Obama Says Clinton using his phrases... UPDATE: Whistle-blower site taken offline... Iran: 'Cancerous growth' Israel will soon disappear... Wall Street banks bracing for another wave of multibillion-dollar losses...
Banks borrow $50bn via new Fed facility; Unease over indirect government support...

Thug Cop Beats Up Defenseless Handcuffed Woman February 19, 2008
Willie Nelson: I'd Rather Have an Electric Chair Named After Me Than a Toll Road February 19, 2008
Study Highlights Deep Seated Psychological Impact Of 9/11 February 19, 2008
Willie Nelson: Impeach Bush, “Throw The Bastards Out” February 19, 2008
Wall St. Banks Confront a String of Write-Downs
Banks "quietly" borrow $50 billion from Fed: report
Wikileaks fights on after court's shutdown attempt
Whistle-blower site taken offline
Iraqi Deaths Pain Sharon Stone
War criminal dumbya bush laments/condemns 700,000 lost lives in Rwanda while failing to mention his own 700,000 killing spree/war crimes in Iraq based on lies and cover-up.Bumbling, bungling, dumbya bush (whose ivy league economics education failed to teach the difference between guns and butter, acceleration/velocity of money, fiscal/monetary policy, micro/macro economics, etc.) Dismisses Iraq Recession: The War Has ‘Everything To Do With The Economy and Huge Deficits’
FT: America's economy risks the mother of all meltdowns...
VALLEJO COULD BE FIRST CALIFORNIA TOWN TO DECLARE BANKRUPTCY... OIL CLOSES ABOVE $100 -- FOR FIRST TIME...
Bush the War Criminal: Killing Iraqis Good for the U.S. Economy
Paying Insurgents Not to Fight It is impossible to keep up with all the Bush regime's lies. There are simply too many. Among the recent crop, one of the biggest is that the "surge" is working. Launched last year, the "surge" was the extra 20,000 - 30,000 US troops sent to Iraq. These few extra troops, Americans were told, would finally supply the necessary forces to pacify Iraq.
Henry Kissinger: The Making Of A War Criminal
Sharon Stone laments U.S. policies on Iraq, Afghanistan, Iraqi deaths “The actress said in an interview with the Al Hayat daily that she fails to understand how the American public supported those wars to start with.” It wouldn’t have anything to do with the fact the average American buys government lies as a matter of course, would it?
Half of Baghdad without water Power failures, which have caused large-scale popular resentment, have recently affected essential utilities like water.
WeAreChangeLA confronts Presidential candidate Mike Gravel Jeremy Rothe-Kushel questions Mike Gravel about False Flag Operations and how to bring an end to these treasonous acts.
International war criminal nation israel Has Cut Off Northern West Bank: B’Tselem
Mughniyeh’s Assassination by israel a Harbinger for War
Wisconsin Exit Polls:
Obama Won:
Women (51-49)
All age groups under 65
All education levels
All regions of the state -- urban, suburban and rural
Voters without college degrees (50-48)
Democrats (50-49)
Whites (53-46)
White men (59-38)
Voters who decided in the last week (58-42)
Won or tied voters of all income levels
Tied among white women
Tied among union members
Tied among union households
RESULTS: WI...
HI...
Obama and McCain Win Wisconsin Primaries...THAT MAKES IT: NINE IN A ROW!
Clinton Fingerprints on Plagiarism Flap...

Media Blackballs Willie Nelson's Call to Impeach Bush February 20, 2008
Bottled Water Latest Target Of Eco-Mentalists February 20, 2008
America’s Economy In Mother of All Meltdowns in Twelve Steps February 20, 2008
Child Abuse by the Government February 20, 2008
Hillary Clinton fades as Obama takes TENTH straight victory in White House race
Bush's Life of Constitutional Crime: Lies and Spies
Stop Blair: ambition to lead Europe hits fierce opposition
Kosovo: The US and the EU support a Political Process linked to Organized Crime
Fed Issues Gloomy Economic Forecast
Helicopter Ben and the Federal Reserve, as in Federal Express, wants you to know you got it coming big time in the months ahead
Oil at $101 a Barrel as Fed Lowers Economic Forecast Expectations Investors hope crude futures will stop a falling dollar meteorite from landing on their heads
Fed Forecasts Higher Unemployment, Slower Growth...
Oil Pushes Past $101... Ahmadinejad: Israel is a filthy bacteria... Alter: Obama will win because Clinton ran worst campaign in history... OBAMA OPENS UP 14-POINT LEAD...

Kucinich to Investigate 9/11 Insider Trading February 21, 2008
Congressman Dennis Kucinich revealed that he is initiating an investigation into the insider trading that took place leading up to 9/11, particularly in regards to put options placed on American Airlines and United Airlines stock.
The Return of Arnold's Nazi Belt Buckle February 21, 2008
9/11 Health Hearings to Move Forward If Kucinich Can Keep His Seat February 21, 2008
Rule by Fear or Rule by Law? February 21, 2008
Suppressed Details of Criminal Insider Trading Lead Directly to the CIA's Highest Ranks
Total Drag: Bush Judge Appointee In the li’l alito mold Resigns After DUI Arrest While Cross Dressing
International war criminal, war mongering, war provocateur nation israel: War is likely in near future
Israeli Newspaper Prints Racist Obama Cartoon
Israeli MP blames quakes on gays
Foreign Secretary: CIA did use UK for torture flights
Former Congressman Warns Of Martial Law Camps In America
Media Blackballs Willie Nelson’s Call To Impeach Bush
Supremes Rule in Favor of Neocons Trashing Fourth For the supremes, illegal acts and obstruction of justice in furtherance thereof is their modus operandi/raison d’etre.
Draft dossier prompts new calls for Iraq war inquiry
The Conservative's shadow foreign secretary, William Hague, said the draft, written by the Foreign Office's former head of news, John Williams, was "further evidence that spin doctors, not intelligence analysts" were told about Iraq's weapons of mass destruction." Iraq-UK, Politics, 2/19/2008
Israel broke law with use of cluster bombs in Lebanon: HRW
Human Rights Watch said Israel had rained as many as 4.6 million submunitions, or cluster bomblets, across southern Lebanon - mostly in the final days of the war. Lebanon-Israel, Politics, 2/19/2008
UN's Holmes: Worsening conditions in Gaza, West Bank
Concluding a five-day visit to the occupied Palestinian territory and Israel, the top United Nations relief official yesterday highlighted the worsening humanitarian conditions in Gaza and the West Bank resulting from closures and restrictions on movement. Palestine-Israel, Politics, 2/19/2008
Brzezinski: Neocon prescriptions in Middle East are fatal for America
Brzezinski said "These neocon prescriptions, of which Israel has its equivalents, are fatal for America and ultimately for Israel. They will totally turn the overwhelming majority of the Middle East's population against the United States" Regional-Israel-USA, Politics, 2/19/2008
Larijani: US root cause of terrorism worldwide
Iranian Secretary of Iran's Human Rights Headquarters Mohammad-Javad Larijani said in Tokyo on Sunday that the US claims it has launched campaign against terrorism but the reality is that the country itself is the root cause of terrorism worldwide. Regional-Iran-USA, Politics, 2/19/2008
UK police allowed alleged Israeli war criminal escape arrest
War Crimes British police allowed an Israeli war criminal to escape arrest at London's Heathrow airport in September 2005, an official inquiry has confirmed. Palestine-Israel-UK, Politics, 2/19/2008
Gaza boy 'killed in Israeli raid' - BBC Palestine-Israel, Politics, 2/19/2008
VIDEO: WAR CRIMINAL BUSH DANCE IN AFRICA…..he’s such a burnt out moron... UPDATE: Serbs Break Into US Embassy, Set Fire...Change to Win Gets Behind Obama New York Times By Steven Greenhouse Its member unions represent 175000 workers in Ohio alone. Nationwide, the group represents more than five million workers. Change to Win Endorses Obama The Associated Press
Obama wins backing of Teamsters, Serviceworkers, and now second-biggest US labor group

Rigged Gitmo Trials Prove 9/11 Official Story Wrong February 22, 2008
McCain: 'I'm the Only Candidate Special Interests Don't Give Money to' February 22, 2008
Moscow Threatens 'Brute Force' Over Kosovo February 22, 2008
Former Congressman Warns Of Martial Law Camps In America February 22, 2008
Secret Service Stand Down At Obama Event Raises Suspicions
Police concerned about order to stop weapons screening at Obama rally
Ex-Congressman: U.S. Government Created Al-Qaeda, Involved In 9/11 A former Congressman says that the U.S. government created Al-Qaeda and was involved in bombing its own citizens on 9/11, telling a national radio show that elements of the Bush administration assisted the attacks on the WTC and the Pentagon.
Coburn: ‘I Think It Was A Mistake Going To Iraq’
Obermann Calls Supreme Court Rulings "Contempt of Court"
Gold nears $1,000 as stagflation fears grow
Claim UK troops 'executed' Iraqis
Rioters attack British embassy in Kosovo
Turkish troops enter north Iraq
2008: Expect Food “Sticker Shock” Smithfield Foods CEO declares “scary” food price increases “never seen in our business.”
The upcoming global recession/depression will give us plenty of time to mull over the ruinous effects of Fed policy and to devise a plan for abolishing the Federal Reserve once and for all.
Russian NATO Envoy: Kosovo Independence Funded by Drug Money In 1999, the San Francisco Chronicle reported that law enforcement considers the KLA as “a major force in international organized crime, moving staggering amounts of narcotics through an underworld network that reaches into the heart of Europe.”
Euro hits two-week high against dollar
Editorial: Unchecked Lunacy The global economic storm clouds continue to gather.....
Israeli Military Mounts Another Attack in Gaza
Hezbollah: Israel's disappearence 'within several years inevitable fact'...
Israel says EU pressure grows to end Gaza blockade (AFP)
Israel keeps Palestinian offices shut (AP)
Israel's demise speeded up by Moughniyah murder: IRNA (Reuters)
Israel denies building permits to West Bank Palestinians: report (AFP)
Israel faces 'certain death': Iran leader adviser (AFP)
Dow falls on bleak indicators
Stocks End Lower Amid Weak Economic Data (AP)
Distressed Debt Ratios Jump (at Seeking Alpha)
State and Municipal Governments Feeling the Pain (at Seeking Alpha)
Bankruptcies are Booming (at Seeking Alpha)
Asset Deflation and Price Inflation: A Tough Mix for the Fed (at Seeking Alpha)
Inspectors say meat safety is threatened
A third of recalled beef went to schools
Lost Angeles Gangland Murders Common as Overwhelmed and Outnumbered LA police kill 1 in gang gunbattle
AP Survey: Superdelegates Jump to Obama..... HEALY: Clinton Soldiering On, but Somber as Horizon Darkens...
Superdelegates Flocking to Obama...

Serbia: US 'culprit' in Kosovo violence
Israeli strike kills three Palestinians in Gaza (AFP) America's Malaise
Files and McCain Letter Show Effort to Keep Loophole New York Times - By STEPHEN LABATON WASHINGTON - In late 1998, Senator John McCain sent an unusually blunt letter to the head of the Federal Communications Commission, warning that he would try to overhaul the agency if it closed a broadcast ownership loophole.
McCain dodges bullet, faces fiscal bombshell
Fannie, Freddie Expected to Post Big Losses Wall Street JournalFed's Fisher warns on negative growth but wary of hyperinflation
Obama: Hillary taking false credit for 90s Peace Dividend...
Hits on NAFTA Support...
As rallies swell, so does security...
Clinton Turns From Anger to Sarcasm... LAWYER HILLARY GRILLED 12-YEAR OLD OVER 'RAPE'; attacked child's credibility... YOST FLASHBACK: Whitewater: Years of Legal Trouble...Israel Ends Up as Biggest Loser of the Iraq War
Iran Dismisses Nuke Documents As Fakes...
Gazans Stage Mass Protest Against Israeli BlockadeNEW REVELATIONS OF CAMPAIGN FINANCE IMPROPRIETIES ON PART OF CLINTON / BOXER(OF THE CORRUPT BUBBLE BANANA REPUBLIC CALIFORNIA)

Middle Class May Be Subject To Food Rations, Warns UN February 25, 2008
Kristol: 'I Recommend the Politics of Fear to Hillary' February 25, 2008
Willie Nelson's Daughter Paula Agrees With Dad February 25, 2008
Paraguay, WHO Issuing Mass-Innoculations to Combat Yellow Fever Outbreak February 25, 2008
Cats Feel Your Pain, Lower Risk of Heart Attack, Stroke Study says owning a cat can reduce your risk of heart attack and cardiovascular disease. Findings were released by the American Stroke Association meeting in New Orleans.
Stressed? Get A Heart Attack Risk-Free Cat! eFluxMedia
Did the Secret Service set up Barack Obama for assassination?
Obama raps Clinton on NAFTA
Deep recession feared in U.S.
Bernanke, Bush fight losing war
The Clinton Body-Count
Recovery may take longer than usual: Greenspan
Middle Class May Be Subject To Food Rations, Warns UN
Oil rises above $99 on Iran warnings, Turkish raids
Gold edges up towards record peaks on renewed inflation worries
BANK OF AMERICA (JUST IRRATIONALLY BOUGHT COUNTRYWIDE) CIRCULATING CONFIDENTIAL PROPOSAL TO CONGRESS SEEKING $739 BILLION BAILOUT WHEN COMMISSIONEES/CULPRITS/FRAUDS WHO BENEFITTED SHOULD FUND THE BAILOUT
Secret Report Uncovers Massive Fraud at European Parliament
'We've lost control of our borders for the first time since 1066,' says judge after foreign detainees riot
Here Comes The $739 Billion Taxpayer Bailout The “business friendly” stooges at the SEC are still sitting on their hands reciting passages from Milton Friedman instead of dragging crooked banksters off to the hoosegow in leg-irons.
Wall Street Bank Run It doesn’t look like an old-fashioned bank run because it involves the biggest financial institutions trading paper assets so complicated that even top executives don’t fully understand the transactions.
2008: Expect Food “Sticker Shock” Smithfield Foods CEO declares “scary” food price increases “never seen in our business.”
Bank of America Secretly Asking Congress for a Banking Industry Bailout

As usual, the beleaguered American tax payer will be told ante up for the speculative crimes of the international banking cartel

Crisis of the World Financial System: The Financial Predators had a Ball

By the early days of 2008 it was becoming clear that Financial Securitization would be the Last Tango for the United States as the global financial superpower
To Peg or Not to Peg: JEF Debates JEDDAH, 26 February 2008 — Calls to delink the Saudi riyal from the depreciating US dollar received a shot in the arm when former chairman of the US Federal Reserve Alan Greenspan advocated a policy of floating the currency.
Hillary on Obama Photo: 'I Know Nothing About It'...
Wasn't intended as a smear...
Obama: Kinds of political tricks and silliness you start seeing at end of campaigns'...
NYT Tuesday: Clinton now unleashing 'kitchen sink' fusillade against Obama... Developing...
Communications director delivers heated criticism of press...
CBS POLL: Obama Surges Ahead Nationally; Opens Up 16-Point Lead...
AP Poll: Obama Catches Clinton Across USA...

Ron Paul Trouncing Neo-Con Rival In Race For Congressional Seat February 26, 2008
Food shortages loom as wheat crop shrinks and prices rise February 26, 2008
Inside the world of war profiteers: Chicago Tribune February 26, 2008
ROCK ISLAND, Ill.—Inside the stout federal courthouse of this Mississippi River town, the dirty secrets of Iraq war profiteering keep pouring out…..but I see no mention of the 360 TONS of $100 bills that remain unaccounted for and on which investigation the gutless democrats (and of course, republicans) folded…..Former Halliburton subsidiary KBR's 4th quarter war profiteering profits up 65%
Mayor Willie Brown Contradicts Earlier Statements About 9/11 No Fly Warning February 26, 2008
The Clinton Body-Count
Stiglitz Blames Greenspan For Recession Former chief economist of the World Bank, Joseph Stiglitz, has said that the US economy is already in recession and is pointing the finger of blame directly towards former Federal Reserve chairman Alan Greenspan.
Traitor (but on this point quite rational) Greenspan Urges Gulf States To Abandon Dollar
Hillary Clinton Campaign Connection to Drudge Report Detailed by International Herald Tribune (NYT) in October of 2007
Fresh records for price of wheat
Russia quietly prepares to switch some oil trading from dollars to rubles
US imperialism behind Kosovo split
Taxi To The Darkside Trailer An in-depth look at the torture practices of the United States in Afghanistan, Iraq and Guantanamo Bay.
The Emerging Third World U.S. With the falling dollar, rising import prices and declining wages and salaries for American workers, the US is headed for a radically different lifestyle.
Traitor (But Belatedly Rational On This Obvious Point) greenspan Urges Gulf States To Abandon Dollar Former Fed chief insists that Arab nations dump greenback peg.
Citigroup Inc. May Post Second Straight Quarterly Loss The rate of loan losses is “grossly underestimated by consensus estimates” at Citigroup and other U.S. banks, according to Oppenheimer & Co.’s Meredith Whitney.
Clinton Camp, Drudge Teamed Up So much for the urban legend Matt Drudge is a thorn in the side of the Clintons and a threat to Democrats. But then, as Ken Mehlman of the Republican party once bragged, the Drudge channel is useful for dispensing propaganda.
Generals to quit if US strikes Iran “There are four or five generals and admirals we know of who would resign if Bush ordered an attack on Iran,” The Sunday Times quoted a source with close ties to British intelligence.
Gazans Stage Protest Against Israel
Israel Ends Up as Biggest Loser of the Iraq War
Iran Dismisses Nuke Documents As Fakes...
Gazans Stage Mass Protest Against Israeli Blockade
Dodd endorsement of Obama brings well-connected party leader... RASMUSSEN: Clinton lead slipping in Ohio; Clinton 48% Obama 43%...S.O.S.NEW POLL SHOWS HRC FADE IN OH
Finger-pointing, frustration in Clinton camp...
Now unleashing 'kitchen sink'...
MILBANK: Team Clinton: Down, and Out of Touch...
CBS POLL: Obama Surges Ahead Nationally; Opens Up 16-Point Lead...
CBS Poll: Obama Surges Ahead Nationally

Stiglitz Blames Greenspan For Recession February 27, 2008
Temperature Monitors Report Widescale Global Cooling February 27, 2008
Britons Thought Earthquake Was Al-Qaeda Attack February 27, 2008
The US Economy, the Dollar, and Presidential Politics February 27, 2008
Former SAS man condemns British role in Iraq and Afghanistan torture “It is only since I have left the army [and] I have read the Geneva Convention and the UN Convention on Torture, that I realized that we have broken so many of these conventions and treaties in Iraq.”
Bernanke Acknowledges Crumbling Economy Helicopter Ben obliquely acknowledges inflation causing “slower growth,” that is to say the housing sector and jobs market are down the tubes.
Key home price index shows record decline “It will only get worse. This record will be shattered by subsequent declines…. We will experience the most substantial decline in history because before this we had experienced the most unprecedented rise in U.S. real estate history.”
Citigroup Inc. May Post Second Straight Quarterly Loss The rate of loan losses is “grossly underestimated by consensus estimates” at Citigroup and other U.S. banks, according to Oppenheimer & Co.’s Meredith Whitney.

Bill Clinton Says 9/11 "Hecklers" Are Afraid of the Truth February 28, 2008
Government Concedes Vaccine-Autism Case in Federal Court - Now What? February 28, 2008
Lawyer Says Bin Laden Did Not Orchestrate 9/11 During Terror Trial February 28, 2008
U.S. designates Afghan journalist enemy combatant February 28, 2008
Bill Clinton: The Decline Of An Elitist Puppet In the vain of an emperor or dictator in his last days, Bill Clinton is losing his mind and lashing out. The past few months have seen him make bizarre comments, engage in biting skirmishes and with reporters and scuffles with rival politicians' supporters, and react with intense venom to confrontations from 9/11 truthers.
Dollar Falls to Record; Jobless Claims Rise, GDP Lags Forecast
Israeli air raid kills 4 kids
Iraq war 'caused slowdown in the US'
The Three Trillion Dollar War Costs are projected to be almost ten times the cost of the first Gulf War, almost a third more than the cost of the Vietnam War, and twice that of the First World War
Gold hits record high on tumbling dollar, firm oil
Bush Denies Reality: “We’re Not Headed into a Recession” Bush, at odds with dozens of economic experts, calls the recession, threatening to fall into a full-blown depression, a “slowdown” and then hypes his “$157 billion financial stimulus package” that will exacerbate the deficit.
Economy Slows to Near Crawl With inflation rising as the economy slows, fears are increasing that the country may be headed for a bout of stagflation. That’s a scenario the country hasn’t experienced since the 1970s.
Bernanke Acknowledges Crumbling Economy Helicopter Ben obliquely acknowledges inflation causing “slower growth,” that is to say the housing sector and jobs market are down the tubes.
Web editor jailed in Iran Editor made the mistake of claiming Khomeini’s grandson owns a BMW, has a steam sauna, and lives in an affluent neighborhood.
Generals to quit if US strikes Iran “There are four or five generals and admirals we know of who would resign if Bush ordered an attack on Iran,” The Sunday Times quoted a source with close ties to British intelligence.
IAEA Denies Internal Row over Iran, Condemns “Hype” ElBaradei warns the neocons are using the same old hype they used in the lead-up to the invasion of Iraq.
No Timetable for Iraq Pullout (What’s Good for The Goose/u.s. is Good for the Gander Retort the Turks to u.s. request), Says Turkey
International war criminals israeli Military Steps Up Attacks
1 in 100 Americans -- are and if you count lawyers, politicians, judges, etc., who deserve to be then 95 in 100 americans should be behind bars!International war criminal nation israel kills 20 Palestinians in Gaza
NYT: MCCAIN'S BIRTHPLACE IN CANAL ZONE RAISES ELIGIBILITY QUESTIONS...
RASMUSSEN POLL: OBAMA TAKES 4-POINT LEAD IN TEXAS...

Bernanke Acknowledges Crumbling Economy Helicopter Ben obliquely acknowledges inflation causing “slower growth,” that is to say the housing sector and jobs market are down the tubes.
Key home price index shows record decline “It will only get worse. This record will be shattered by subsequent declines…. We will experience the most substantial decline in history because before this we had experienced the most unprecedented rise in U.S. real estate history.”
Citigroup Inc. May Post Second Straight Quarterly Loss The rate of loan losses is “grossly underestimated by consensus estimates” at Citigroup and other U.S. banks, according to Oppenheimer & Co.’s Meredith Whitney.
Stocks fall on jobless claims, Fed's bank warning
Oil hits new peak after UK gas terminal fire
Dell profit misses estimates, shares fall
Sprint posts huge loss, scraps dividends
Freddie Mac loss swells as mortgage crisis deepens
Oil surges above $102 as dollar weakens
New day, new lows for dollar
Gas Prices On Rise Again; May Pass $4 Gallon...
Oil Record: $102... Record $1.3 Billion EU Fine for Microsoft... Euro surpasses $1.50 mark for first time...
Gold Nears $1,000 ounce...
FDIC Girds For Bank Failures
Dollar slides to new lows after Fed warning
Oil Hits Record $102 As Dollar Tumbles
Dollar Falls to Low Against Euro In order to make sure inflation increases unchecked, the Federal Reserve announced rates will be cut below 3%.
Gas May Reach $4 a Gallon by Spring High energy prices that were once easily absorbed by consumers are now more likely to act as a drag on household budgets, leaving people with less money to spend elsewhere.
Confidence Plunges, Inflation Rate Soars In more bad economic news, consumer confidence and home prices posted sharp declines while higher costs for such basics as food, energy and medicine left wholesale inflation rising at a pace unseen since late 1981.
Gold hits record high on tumbling dollar, firm oil Gold surged to a record high above $960 on Wednesday as investors poured money, spurred by a plummeting dollar and oil rising above $102 a barrel.
Not from war criminal, liar, moron bush means recession In January, 233,000 homes went into foreclosure; however, George Bush thinks that over a half a million people losing their homes every month is just a slowdown.
Standard & Poor's took MBIA (MBI 14.58, +2.40) off CreditWatch and assigned a negative outlook. Additionally, the ratings agency affirmed the 'AAA' financial strength rating of Ambac Financial (ABK 12.41, +1.70), yet said the company remains on CreditWatch with negative outlook.
Bernanke Blamed for greenspan's recession which is here: 11 reasons it will last till 2011
Greenspan's Latest: Oil Boom Will Likely 'Go on Forever'
Wholesale Inflation Rate Soars... Gas Prices On Rise Again; May Pass $4 Gallon...Confidence Plunges, Inflation Rate SoarsThe Associated Press

Top Professor: Autonomous Killer Robots In The Field February 29, 2008
Israeli War Minister Threatens Palestinian Holocaust February 29, 2008
Bill Clinton: The Decline Of An Elitist Puppet February 29, 2008
Alleged Hijacker Booked On Post-9/11 Flights-- Astounding FBI documents contradict 9/11 February 29, 2008
Larijani: US promotes global chaos
International law violator/war criminal nation israeli War Crimes Minister Threatens Palestinian Holocaust
Euro hits fresh high against dollar
Iraq war may cost US USD 7 trillion
Gold powers to record on oil, eyes $1,000
Sterling falls to all-time low vs. euro
Princess Bastard Harry the little nazi Likes Playing Occupier in Afghanistan
`'I DON'T LIKE ENGLAND THAT MUCH'...`The Australian | As the commoners slog it out in Afghanistan, Prince Harry’s “total, superficial, PR exercise” aimed at “rebranding” Harry,” who is a decadent “party animal,” comes off as a total failure.
Alleged Hijacker Booked On Post-9/11 Flights Astounding FBI documents contradict 9/11 Commission report as CIA veteran Robert Baer calls for investigation to be re-opened.
Stocks Fall Sharply on Economic Worries The Associated Press - NEW YORK (AP) - Stocks fell sharply Friday after a series of depressing economic and corporate reports as well as high oil prices stoked concerns about the health of the economy.
The Market Story Financial Worries Drub Wall Street TheStreet.com
Stocks Dive on New Signs of Economic Chill New York Times
Ambac Cuts Dividend, Suspends Asset-Backed Insurance (Update1) Bloomberg - By Emma Moody Feb. 29 (Bloomberg) -- Ambac Financial Group Inc., the AAA rated bond insurer seeking to avoid a crippling downgrade, cut its dividend and will suspend writing guarantees on new asset- backed securities for six months to bolster capital.
Ambac Cuts Dividend, Suspends Some Business Wall Street Journal
Ambac cuts dividend in effort to maintain rating MarketWatch
The U.S. Dollar Is Being Destroyed

You think you are free?

Washington gets a new colony in the Balkans

Kosovo is not gaining independence or even minimal self-government. It will be run by an appointed High Representative and bodies appointed by the U.S., European Union and NATO
Corporate Fascism’s Greatest Ally The liberal democrat refuses to acknowledge the reality of power in the world at this time: that the bottom line of american politics is money and murder

Blame Clinton For NAFTA The difference between the Democrats and the Republicans, some say, is that the Democrats do it to us with lubrication
Corporate Lobbyists Drive McCain’s Campaign The “Keating Five” scandal, like an unwanted ghost, is hovering over McCain’s presidential bid
DOW DROPS OVER 300

`Oil Surpasses $103 for First Time...`
`Gasoline could hit $4...`
`...Euro Keeps on Climbing Against Dollar 'I generally don't like England that much'…says Princess Bastard Harry the little nazi who’d rather be killing…..`
`Gold Fresh Record...`

Cotillard's 9/11 Comments Echo Widely-Respected Experts, Public Opinion March 3, 2008
Psychopathic Soldier Throws Puppy Over Cliff March 3, 2008
Chavez Warns of War If Colombia Strikes Venezuela March 3, 2008
Rove: Iraq Redeployment Would Cause Oil Prices to Skyrocket to $200 a Barrel March 3, 2008
WeAreChangeOhio.com | March 3, 2008 A group of activists from C.H.A.N.G.E. Ohio attended a political rally near Dayton to voice their displeasure at the false flag terrorism committed by the U.S. government on 9/11. Two members were escorted from the high school at which former President Bill Clinton was addressing party faithful before the upcoming Ohio primary. The sign that they brandished said, "9/11 Truth Now" in bold letters on one side, and "The Clintons are Gangsters: Google Arkancide" on the other. By linking the black ops of false flag terrorism and the corrupt underside of American politics, the activists point to the criminal network that has seized control of the highest levels of the American government. A whole array of people have perished suspiciously in the orbit of the Clinton machine, leading to questions about the legitimacy of the American justice system.
ok. I will (google arkancide/arkanside).

GOOGLE ‘ARKANCIDE’ Results 1 - 10 of about 14,400 for arkancide. (0.12 seconds)

ARKANCIDE - Clinton death list,

Arkancide the Clinton Body Count', a list of people who have had connections to former president Bill Clinton, all who have died, many under very suspicious ...
members.tripod.com/~cbn2/death-2.html - 5k - Cached - Similar pages
ARKANCIDE - Clinton's death list - http://deathlist.cjb.net ...

ARKANCIDE - Clinton death list, a remarkable number of deaths surround President Clinton, it may seem more than coincidental...Play the ARKANCIDE game, ...
members.tripod.com/~cbn2/ark.html - 4k - Cached - Similar pages
More results from members.tripod.com »
The Clinton Body count, Arkancide. An interesting list with links ...

KEYWORDS: arkancide; bushhaters; clinton; colby; conspiracy; foster; impeachedx42; .... Save it to hard disk in case they Fostercide or Arkancide the site. ...
www.freerepublic.com/focus/f-news/1220452/posts - 23k - Cached - Similar pages
SUDDEN INSTANT DEATH SYNDROME - A Clinton Disease - II [Free Republic]

Arkancide ? CIA CO & Congressional staffer who investigated Clinton's ..... Sad to say, when we heard about that accident around here, Arkancide was our ...
www.freerepublic.com/forum/a387c13bb5565.htm - 420k - Cached - Similar pages
More results from www.freerepublic.com »
Arkancide Arkancide is the unfortunate habit of potential witnesses to the Clintons' dirty dealings in Arkansas suddenly deciding to shoot themselves twice in the ...
www.arkancide.com/ - 176k - Cached - Similar pages
Another very suspicious 'Arkancide'

Another very suspicious 'Arkancide'. Posted: January 12, 1999 1:00 am Eastern © 2008 WorldNetDaily.com. An Arkansas medical examiner has once again ...
www.worldnetdaily.com/news/article.asp?ARTICLE_ID=14655 - 31k - Cached - Similar pages
Arkancide Books - Arkancide

Arkancide Books | Shopping Cart. Search. Select Category, Amazon.com, Clinton, Bill, Clinton, Hillary ... Browse by Category. Arkancide · Arkancide Books ...
astore.amazon.com/arkancide-20 - 17k - Cached - Similar pages
the deskrat chronicles: Two gunshot wounds to the head...Suicide ...

Suicide or "Arkancide" ? Only In Arkansas: Webb 'Double Gunshot Wounds' Explanation Defies Belief alex Jones : Prison Planet | December 18 2004 ...
deskrat.blogspot.com/2004/12/two-gunshot-wounds-to-headsuicide-or.html - 16k - Cached - Similar pages
Arkancide

Notes: "Arkancide, Boeing and Trilaminar Unabombs". "Ostensibly SMACSONIC offers a reduced in-flight noise level but may represent an understanding of ...
www.captainsherlock.com/106.html - 57k - Cached - Similar pages
CLINTON'S ROGUES GALLERY:

DOWNSIDE LEGACY AT TWO DEGREES OF PRESIDENT CLINTON SECTION: REMEMBERING THE DEAD SUBSECTION: List of Names Revised 7/14/00 ...
www.alamo-girl.com/0463.htm - 49k - Cached - Similar pages

Arkanside - HondaSwap Forums

here's another good one for you conspiracy theorists... don't believe this? look it up Anyone want a job application to join this group????? Clinton.
hondaswap.com/members-lounge/arkanside-81862/ - 50k - Cached - Similar pages
arkanside Threads

HondaSwap Forums threads tagged with arkanside. ... Go Back, HondaSwap Forums > Tags. Reload this Page arkanside. User Name, Remember Me? Password ...
hondaswap.com/tags/arkanside/ - 16k - Cached - Similar pages
Bush Unauthorized Biography Author Found Dead - 'Arkanside'?

Bush Unauthorized Biography Author Found Dead - 'Arkanside'? 7-20-1. SPRINGDALE, Ark. (AP) - The author of a controversial book about George W. Bush has ...
www.rense.com/general12/ark.htm - 19k - Cached - Similar pages
The Declaration Approach (was: Some thoughts on the 'reveal' operator)

... Malcolm X revolution assault rifle Wackenhut bomb drug ATF PROMIS Delta Force Arkanside Park On Meter bomb Oliver North Randy Weaver Constitution Vickie ...
www.eros-os.org/pipermail/e-lang/1999-October/002843.html - 7k - Cached - Similar pages
e-lang: Re: The Declaration Approach (was: Some thoughts on the ...

... Bill Clinton bomb OKC Special Forces Vickie Weaver PROMIS Delta Force bomb Vince Foster DOD Vince Foster 5th group Arkanside SOG terrorism Constitution ...
www.eros-os.org/~majordomo/e-lang/0924.html - 6k - Cached - Similar pages
MASSIVE DISINFO CAMPAIGN UNDERWAY RE: JAM ECHELON DAY

... LINDA THOMPSON SPECIAL OPERATIONS GROUP SOG SOF DELTA FORCE CONSTITUTION BILL OF RIGHTS WHITEWATER POM PARK ON METER ARKANSIDE IRAN CONTRAS OLIVER NORTH ...
archives.openflows.org/hacktivism/hacktivism01341.html - 21k - Cached - Similar pages
Alex Jones Presents Infowars.com to Fight the New World Order ...

National Radio Broadcaster and Documentary Filmmaker Alex Jones Tells the Story of His Infiltration into the Ultra-Secret, Elite Bohemian Grove Where the ...
www.infowars.com/print/misc/kelly.htm - 24k - Cached - Similar pages
Prison Heart Attack Fells Key Witness Against Roger Clinton [Free ...

Uh oh, another Arkanside! 2 Posted on 04/29/2001 09:50:22 PDT by goseminoles .... In this incident Arkanside? Do you usually reach conclusions on so little ...
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International war criminal nation israel returns to Gaza to sabotage peace efforts, embarrass their terrorism sponsor america as Rice pushes peace talks to resume CNN International - GAZA CITY (CNN) -- Israeli soldiers returned to southern Gaza on Tuesday hours after Secretary of State Condoleezza Rice appeared in the West Bank calling for Israelis and Palestinians to promptly resume peace talks. Violence Persists Even as Rice Arrives in West Bank

Michelle Malkin Denies Soldier's Psychopathic Abuse of Puppy March 4, 2008
Psychopathic Soldier Throws Puppy Over Cliff March 3, 2008
Cotillard's 9/11 Comments Echo Widely-Respected Experts, Public Opinion March 3, 2008
Rove: Iraq Redeployment Would Cause Oil Prices to Skyrocket to $200 a Barrel March 3, 2008
MSNBC Reporter: "I hope there is a secret prison for all 9/11 Conspiracy Theorists"The corporate media has stepped up an ongoing smear campaign against anyone who dares to question the government's leaky and falsified account of the events of September 11th 2001.
Civil rights leader switches to Obama
Ex-candidate Dodd endorses Obama
Obama tops new national polls CNN
Carey Likes Clinton, Too, but Backs Obama New York Times - By SAM ROBERTS Hugh L. Carey, the former two-term governor of New York who was instrumental in rescuing the city and state from insolvency in the 1970s, has endorsed Senator Barack Obama for the Democratic presidential nomination.
Obama T-Shirt Sales Surge Online U.S. News & World Report
Time for Hillary to step down
UNDERDOG HILLARYOUS CLINTON UNDER PRESSURE TO QUIT
POLL: Obama has lead in Texas, close in Ohio...
Obama Aide: Clinton Will 'Fail' Tuesday...
Texas Party Warns Clinton Against Legal Action...

Ron Paul Hammers Neo-Con Rival To Retain Congressional Seat March 5, 2008
Establishment Media Ignores Scores of Other Shocking Abuse Videos in Iraq March 5, 2008
In Fox Interview, Clinton 'Thanks' Rove March 5, 2008
CNN Warns Americans A New Great Depression Is Coming March 5, 2008
Devvy: Change Not Possible With Same Players
Crimes by Homeland Security agents stir alert
Fed's rate cuts may do long-term dollar damage
2 Vt. Towns Approve Bush-Cheney Indictment
Iran’s Foreign Minister: Probe Israel’s Nukes
IRNA | Manouchehr Mottaki tells the IAEA to investigate Israel’s nuclear arsenal, believed to contain at least 200 bombs.
Economist Tells CNN: A New Great Depression is Coming
CNN | Economist John Williams: “It’s going to be the worst business cycle since the Great Depression.”

Vermont towns vote to arrest Bush and Cheney Reuters - WASHINGTON (Reuters) - Voters in two Vermont towns on Tuesday approved a measure that would instruct police to arrest President George W. Bush and Vice President Dick Cheney for "crimes against our Constitution," local media reported.
Vt. Towns Approve Bush 'Indictment' ABC News
Town votes to indict president Rutland Herald
Israel launches fresh Gaza raid BBC News - Israeli forces have briefly re-entered the Gaza Strip and clashed with Palestinian militants, with a baby killed by gunfire, medics said.

Pressure raised on Clinton to bow out
Latest Clinton tactic: Fake news reports
REPUBLICAN CROSSOVERS GIVE CLINTON TEXAS LEAD
CLINTON: Slight Victories, But Difficult Delegate Math
Text Box:
0 1,423 0 26 0 0 1,512 0
super delegates 232 0 0 0 198 0

Alter: Hillary's Math Problem; She could win 16 straight and still lose... FOURNIER: Clinton now has little chance of closing the gap...
NYT: 'Simple math is still her enemy'...

Ahmadi-Nejad's visit to Iraq
"Moreover, there were much propaganda that the two (Iranian and Iraqi nations) were not pleased with each other. Such claim proved to be unfounded," he added. Iraq-Iran, Politics, 3/5/2008
Israeli attacks on Gaza contrary to international law : EU
"They are launching all these attacks that are killing civilians," Borai said. "Personally, I don't agree with Palestinians firing rockets into Israel. But if you push people into the corner they are going to fight back." Palestine-Israel, Politics, 3/5/2008
Fuel shortages hamper basic life in Gaza
The Gaza Strip continues to be plagued by fuel shortages, leaving many ambulances unable to function and ensuring most residents have only an intermittent water supply, the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) reported today.
Palestine-Israel-UN, Politics, 3/5/2008
Iran's Supreme Leader expresses grief at human tragedy in Gaza Strip
Iran's Supreme Leader-Palestine Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei expressed grief at the human tragedy going on in Gaza Strip. Palestine-Iran, Politics, 3/5/2008
UN Secretary-General condemns Israeli crimes in Gaza
Israeli deputy defense minister Matan Vilnai admitted that Israel carried out "shoah," a word in Hebrew - a big disaster - Holocaust, in Gaza. Palestine-Israel-UN, Politics, 3/5/2008
UK parliamentary-led group urged to demand end to Israeli attacks on Palestinians
The British government was urged by an all- party parliamentary-led group Monday to intervene against the continuing Israeli attacks on Gaza following the killing of over 100 Palestinians in the last few days. Palestine-Israel-UK, Politics, 3/5/2008
Iraq urges resumption of Iran-US talks on Iraq
Iraq's Finance Minister Bayan Jabr has called for Iran to hold talks with the United States on Iraq saying that the former talks have proved fruitful to help establish law and order in Iraq. Iraq-Iran-USA, Politics, 3/5/2008
Report: Israeli Occupation Causes Terror - LA Times Palestine-Israel, Politics, 3/5/2008

‘Unknown Jewish Elements’ Vandalize Mosque in Israel
International war criminal nation israel returns to Gaza to sabotage peace efforts, embarrass their terrorism sponsor america as Rice pushes peace talks to resume CNN International - GAZA CITY (CNN) -- Israeli soldiers returned to southern Gaza on Tuesday hours after Secretary of State Condoleezza Rice appeared in the West Bank calling for Israelis and Palestinians to promptly resume peace talks. Violence Persists Even as Rice Arrives in West Bank

Huge Illegal Immigrant Smuggling Operation Uncovered in L.A.
China to Increase Military Spending...
Fascist Morning Joe: Tase, Take 9/11 Truthers to Concentration Camps

EXITS: Change Trumps Experience; Blacks, Latinos Boost Texas Turnout...
Obama wins Vermont...
12th Straight Victory...

Lou Dobbs: U.S. Heading For Stagflation Crisis March 6, 2008
Fox News Hysterically Hypes New York "Blast" March 6, 2008
Dog Murder Double Standards March 6, 2008
Bali Bomber Claims CIA/Mossad Involvement March 6, 2008
Top Ranking CIA Operatives Admit Al-qaeda Is a Complete Fabrication in BBC Doc
Latest Clinton tactic: Fake news reports
TEAM CLINTON EXPLODES: OBAMA ACTING LIKE KEN STARR…..riiiiight…..incisive analogy…..whew!
Blame Clinton For NAFTA
Patrick J. Buchanan revisiting clinton’s NAFTA | From 1860 to 1913, the United States was the most protectionist nation on earth and produced the most awesome growth of any nation in history. In 1860, the U.S. economy was half of Britain’s; in 1913, more than twice Britain’s.
Clinton Gets Caught Again on NAFTA
PAPER: Obama Aide Calls Hillary: 'A Monster'... Hill’s Poltergeist Moment: HILLARY AUDIO RESURRECTION: 'I HAVE FELT THE PRESENCE OF THE HOLY SPIRIT'…says hill in her continuing encounter with beelzebub himself…..riiiiight...
Reporter Details Media Blackout On Mexican Military Incursions
AFP | Economists said a Commerce Department report suggests American wallets are being increasingly stretched by inflation.
Iraq contractor indicted in cash smuggling case
U.S. dollar exodus sparks record oil run
Who leaked details of CIA-Mossad plot against Iran? NYT reporter subpoenaed...
As Arab foreign ministers met at the Cairo headquarters of the Arab League to prepare for their annual summit at the end of the month, they also issued a series of statements on regional issues, including extremely sensitive matter of the Zionist regime's refusal to sign the NPT. Arab states, all of which are signatories to the treaty, have long called for a nuclear-free Middle East and expressed their concern over Israel's apparent possession of nuclear weapons. The International Law Violator and War Criminal Zionist regime is reportedly the only nuclear-armed country in the Middle East which has refused to sign the NPT.

Lou Dobbs: New World Order Can Be Defeated March 7, 2008
New Documents Reveal North American Union PR Campaign March 7, 2008
We Are Change UK Members Arrested After EU 'Referendum' Protest on Top of Crane March 7, 2008
Law Enforcement: Letters Unrelated To Times Square Blast March 7, 2008
New Documents Reveal North American Union PR Campaign
Zionist rabbis says Torah permits killing Palestinian civilians
Employers Slash Jobs by Most in 5 Years; But Unemployment Rate Dips...
White House: Disappointed in payrolls drop...
Bush: 'It's clear our economy has slowed'... PUMP: Fed In Panic Mode Takes New But Futile Steps on Credit Crisis... Dollar Falls to New Low Against Euro...
Oil Prices Jump To New Record...Economy lost 63000 jobs in February International Herald Tribune - By Michael M. Grynbaum The economy shed 63000 jobs in February, the government said Friday, the fastest falloff in five years and the strongest evidence yet that the nation is in a recession.
The Real Financial Numbers Behind the Lies Real unemployment right now -- figured the way that the average person thinks of unemployment, meaning figured the way it was estimated back during the Great Depression -- is running about 12%. Real CPI right now is running at about 8%. And the real GDP probably is in contraction.
Oil Gyrates, but Hits New Record
Goldman Sachs: Oil May Reach $200 a Barrel
Dollar Heads for 4th Weekly Drop Versus Euro as U.S. Sheds Jobs

New Proposals To Fight Global Warming Would End Civilization, Kill Billions March 10, 2008
City Lawmakers Find 'Alarming' Report of Drugs in Water March 10, 2008
New York Gov. Spitzer Tied to Prostitution Ring March 10, 2008
CDC Concedes Secretly that Vaccines Have a Link to Autism March 10, 2008
Neocon Feith Blames CIA, State Department for “Mishandling” Iraq Invasion, Occupation
The Washington Post | In former U.S. Under Secretary for Defense Douglas Feith’s book, the “dove” Colin Powell, the CIA, retired Gen. Tommy R. Franks and L. Paul Bremer are blamed for “serious errors” in the invasion and occupation. In fact, the neocon scheme went off as planned, resulting in the destruction of Iraq and the murder of over a million Iraqis.
Oil roars to record over $108 on weak dollar
More Leading Economists Say US Is Now In Recession
More leading economists have conceded that the US economy is now in recession after figures, released on Friday, revealed a second successive monthly fall in employment.
Billionaire Investor Sees Bank Failures Ahead
Gas Prices Near Records, Following Oil
New York Governor tied to prostitution ring
Dollar Falls as Traders Bet Fed to Accelerate Rate Reductions
Clintons In “what have they been smoking moment” push a Hillary/Obama ticket
Financial Crisis: Sorting Through the Rubble in Post-Bubble America
Mike Whitney | The hurricane that began with subprime mortgages, has swept through the credit markets wreaking havoc on municipal bonds, hedge funds, complex structured investments, and agency debt. Now the first gusts from the Force-5 gale are touching down in the real economy where the damage is expected to be widespread.
Food Costs Go Through the Roof
Boston Globe | Escalating food costs could present a greater problem than soaring oil prices for the national economy because the average household spends three times as much for food as for gasoline.
Bloomberg Insists Fed Has Lost Control of Inflation
Bloomberg | Bloomberg insists Helicopter Ben and the Fed have “lost control” of inflation, even though it should be a no-brainer that lowering interest rates and flooding the economy with funny money does precisely that.

Drugs In Water Report Prompts Nationwide Alarm March 11, 2008
Bill Clinton Tells 9/11 Truthers: 'We don't blow up our own buildings, al Qaeda does' March 11, 2008
Professor: Big Money Behind Global Warming Propaganda March 11, 2008
'Exhaustive' Pentagon-sponsored study finds no Saddam-Qaeda link March 11, 2008
Oil hits record above 109 usd/bbl as weak dollar triggers buying
Fed gives shot in arm, but recession looms
Global c.bank liquidity injection no cure for dollar
Oil prices break fresh record high near $110
Gas Prices Rise to New National Record
Foreclosures becoming 'nightmare' for cities...
Press Secretary Perino: I’ll Be Fired If I Talk About the Dollar
US Drops China From and Adds US To List of Top 10 Violators of Rights
IMPEACHMENT THREAT
'USED HOOKERS FOR 6 YEARS' Spitzer 'resignation will come tomorrow morning'...
Tripped Up By Laws He Enforced...

Top military commander for Middle East resigns; split over Iran... …..He wants troop levels in Iraq down now, and he wants the Afghan National Army running the show throughout most of Afghanistan by the end of this year. Fallon says he wants to move the pile dramatically in the time he's got remaining, however long that may be. And he gets frustrated. "I grind my teeth at the pace of change."…..
Story that started it all...Senate Dems target Iran’s bank Jewish Telegraph Agency | Once again demonstrating that the warmonger Dems are no different than the warmongering neocon Republicans

Neocon Sanctions Against Iran Falling Apart BBC | Overall, only 7% of those questioned in the Pipa/Globescan poll backed the idea of military strikes, thus demonstrating that the neocon hold on the Iran issue is slipping.
International Herald Tribune | israeli leader once again attempts to portray Iran as a threat and is forced to admit the the only threat is to israel and the israeli military cannot take on the Muslim nation without the U.S. military.
Clinton military brass join ranks with Obama campaign RAW STORY | March 10, 2008 Clinton Secretary of Navy, Air Force to tout Obama's credentials. According to a press release from the Obama campaign Monday morning, the candidate's staff will appear with top military brass today "to discuss why Obama has demonstrated the judgment and has the experience to be Commander In Chief." "Today, former service secretaries for each of the Armed Forces – Clifford Alexander, Jr. (US Army), Richard Danzig (US Navy), and F. Whitten Peters (US Air Force) – will host a press conference in Washington, DC to discuss why Obama has demonstrated the judgment and has the experience to be Commander In Chief," the release writes.
Among those attending: "Secretary Clifford Alexander, Jr. (US Army – Carter Administration), Secretary Richard Danzig (US Navy – Clinton Administration) and Secretary F. Whitten Peters (US Air Force – Clinton Administration."The event will be held at the United Food and Commercial Workers, 1775 K Street, NW - 11th Floor at 1pm today.
OBAMA WINS ANOTHER ONE

Video Shows Cop Tasering Already Restrained Disabled Man March 12, 2008
UK Top Cop Who Led CIA Probe on Rendition Flights Found Dead March 12, 2008
Campaign Warns Of "Economic Disaster" If Climate Policies Are Followed March 12, 2008
Neocon Lie Finally Debunked: Osama Not in Cahoots with Saddam March 12, 2008
1 in 4 teenage U.S. girls has sexually-transmitted disease: study
U.S. syphilis rate up for 7th year in row...
FLASHBACK 1988, GERALDINE FERRARO: 'If Jesse Jackson were not black, he wouldn't be in the race'... UPDATE: Ferraro Steps Down Over Obama Race Comments...
Dollar Declines Because Fed Rescue Package Won't Succeed
Neocon Lie Finally Debunked: Osama Not in Cahoots with Saddam
Welcome to Kosovo! The World’s Newest Narco State
Oil prices pass record $110...
Man Pummeled With Baseball Bat At Gas Station For $1...
RUSSIA CLAMPS DOWN ON BLOGGER...

Stocks Decline After Brief Rally...
Euro trades for $1.55...
Sobering Reality that Fed's Rescue Package Won't Succeed...
Australia accused of helping with notorious CIA rendition flights
Ex-DEA Head Admits CIA Imported Cocaine
The grim reality of economic truths
Conservatives Offer No Hope
Upside-Down Mortgages and Sinking Home Prices
George W Bush Kills The Economy
"Almost Every Senior Military Officer ... is Against Military Strikes Against Iran"
Gulf War illness 'chemical link'
UK Cop Who Investigated CIA Falls Off Cliff, Dies UK Telegraph | Naturally, when cops get too close to the truth — for instance, getting at the bottom of the CIA’s torture “rendition” flights — they get depressed and end up committing suicide.
Oil Nears $110 a Barrel Breitbart | Oil prices have ventured further into record territory, with New York crude climbing past 107, 108 and 109 dollars and with the symbolic 110 now within grasp.
Why the US has really gone broke Chalmers Johnson | There is an enormous anomaly in the US economy beyond the subprime mortgage crisis, the housing bubble and the prospect of recession: 60 years of misallocation of resources, and borrowings, to the establishment and maintenance of a military-industrial complex.

Video Shows Cop Tasering Already Restrained Disabled Man March 13, 2008
Ex-NY Mayor Ed Koch Faults Giuliani for Destroying Evidence 9/11 Crime Scene March 13, 2008
Campaign Warns Of "Economic Disaster" If Climate Policies Are Followed March 13, 2008
Neocon Lie Finally Debunked: Osama Not in Cahoots with Saddam March 13, 2008
Pentagon Attempts To Memory Hole New Report That Dismisses Al Qaeda-Saddam link The Pentagon has blocked the scheduled release of a definitive report that found no pre-Iraq war link between late Iraqi President Saddam Hussein and Al Qaeda.
International war criminal nation israel threatens Lebanon with war
Feb. foreclosures up 60 percent over year before
Corporate Media Snowjobs Dollar Crisis
Iraq, Afghanistan veterans to reveal war atrocities and 'some pretty fucked-up shit' …..As the war in Iraq approaches its fifth anniversary, veterans of that conflict and the war in Afghanistan will give first-hand accounts, supported by photographs and video evidence, of the true nature of the wars, including attacks the vets say killed innocent civilians.…..The group says that potentially explosive photos and video from Iraq displayed at this Winter Soldier investigation will help "expose the human consequences of failed policy" in the war zones…..
Expert Fears Dollar Crash As Greenback Hits New Lows
Gold prices hit $1,000 milestone
Gold hits record on dollar slump, targets $1,000
Dollar falls below 100 yen; Euro hits new record high above 1.56 usd
The Move for Lakotah Independence Jerry Collette | The establishment of the Republic of Lakotah could be the most significant move in recent times for freedom lovers everywhere

Jim Rogers: “Abolish the Fed” Kurt Nimmo | CNBC made a big mistake — they allowed Mr. Rogers to get on and call for the Federal Reserve to be abolished.

Expert Fears Dollar Crash As Greenback Hits New Lows Paul Joseph Watson | Bush’s bumbling “strong dollar” comments precede fresh plunge.
Monsters in Washington DC Bob Chapman | The current financial debacle is quite unique, very ugly and totally unprecedented. Truly, this is a Frankenstein monster.

Republicans and “Free Market” Zealots Bring Disaster to America Paul Craig Roberts | After the chewing gum and bailing wire patch-ups are exhausted, who is going to bail us out?
Gold at $1,000 on Weak Dollar, High Oil Associated Press | After reaching $1,001 on the New York Mercantile Exchange, gold for April delivery dropped slightly to $999.70 by midmorning Thursday.
The Fed Releases Crisis Peparedness Video The Federal Reserve Bank of Atlanta this past January released a video on crisis preparedness. The timing of such a video being released is suspicious considering the prospect of bank failures and an inflationary collapse of the U.S. monetary system loom large
International war criminal nation israel Kills 4 After Hamas Offers Terms for Cease-Fire RAMALLAH, West Bank, 13 March 2008 — Hours after Hamas publicly offers terms for a cease-fire with Israel, calling for an end to Israeli attacks in the Palestinian territory and a reopening, bloodthirsty war criminal israelis kill again...
GOLD IN; DOLLAR OUT
Home Prices Plunge Across California...
Dollar Down...
*Clout Sinks Worldwide... PAPER: Fed takes boldest panic and ineffective action since The Depression...

Mortgage broker, lender plan too little too lateNBCWSJ POLL: BILL CLINTON TAKES POPULARITY HIT; NOW VIEWED UNFAVORABLE... 'Magic is over' for USA, says foreign minister of France...

Spitzer call-girl cashes in...
NYT: Meet the Governor's hooker...
Experts: Indictments Loom For Spitzer...

Dollar nears 100 yen as Fed doubts rout stocks

ADR Report: ADRs drop as record-high crude weighs on U.S. stocks

RPT-GLOBAL MARKETS-Fear returns as dollar falls, oil hits $110 –

Bear markets like this severe one often see biggest 1-day gains

US soldiers kill young girl in Iraq

Weather Channel Founder Wants To Sue Al Gore For Global Warming Fraud March 14, 2008
Larry Silverstein Dodges Questions About Building 7's Controlled Demolition March 14, 2008
High Tide: The Ron Paul Revolution Continues March 14, 2008
Watching the Dollar Die March 14, 2008
Swiss Franc Rises to Parity With Dollar as Investors Avoid Risk
Bush Says Economy Is in "Tough Time," Will Rebound
What Gloria Steinem, Henry Kissinger Have in Common: CIA Pay
Dollar Gives Up More Ground As Market Digests Bear News
Dollar's Clout Sinks Worldwide
Dollar under pressure as US outlook darkens
Yuan Advances to Highest Since End of Dollar Peg; Bonds Gain
Despite the Federal Reserve's efforts Wall Street fears a big US bank is in trouble

Gulf States Creep Away From Plunging Dollar March 17, 2008
Gulf States are set to follow former Fed chairman Alan Greenspan's advice and dump their dollar peg following a benchmark meeting tomorrow, with analysts predicting a slow but deliberate creep away from the greenback rather than an imminent decoupling, a move that could have devastating consequences for the American economy.
Most US Stocks Drop on Bear Stearns Sale; Europe, Asia Plunge March 17, 2008
Leading Economic Writer: Financial Meltdown A "Gigantic Fraud" March 17, 2008
Indeed, it is somewhat surprising that there is not already rioting in the streets, given the gigantic fraud perpetrated by the financial elite at the expense of ordinary Americans.[...]Business, of course, needs consumers to carry on spending in order to make money, so a way had to be found to persuade households to do their patriotic duty. The method chosen was simple. Whip up a colossal housing bubble, convince consumers that it makes sense to borrow money against the rising value of their homes to supplement their meagre real wage growth and watch the profits roll in. As they did - for a while. Now it's payback time and the mood could get very ugly. Americans, to put it bluntly, have been conned. They have been duped by a bunch of serpent-tongued hucksters who packed up the wagon and made it across the county line before a lynch mob could be formed.

Fed Affords Dollar Brief Respite With Lower Rate Cut March 18, 2008
The dollar enjoyed its biggest gains against the Yen in nine years and pared losses against the Euro after the Federal Reserve delivered a lower than expected 75 basis points interest rate cut after traders had priced in a full 100 points cut.

High oil prices to keep U.S. dollar on ropes March 18, 2008

A financial crisis unmatched since the Great Depression, say analysts March 18, 2008

Dollars tough to sell on streets of Amsterdam March 18, 2008

Making a Recession Great March 18, 2008

Wall Street rallies to aid Lehman

Dollar Gains Versus Yen as Fed Cuts 0.75 Point and Stocks Rise

Gold Falls as Fed Cuts U.S. Interest Rate Less Than Expected

Will Fed Act To Save Dollar With Modest Rate Cut?

Plunging U.S. dollar must be addressed

Bernanke May Cut Benchmark Rate by Most Since Volcker

Crude Oil Gains on Speculation Fed Cut Will Push Dollar Lower

Retailers Accept Foreign Currency as Dollar Withers

China concerned over falling US dollar, economy: Wen

As Dollar Keeps Falling, Talk of a Move by Japan

Sterling's big slide may not be over yet

Poll finds broad pessimism over economy

Perino Defends Administration’s Intervention For Wall Street Instead Of Main Street

CNBC’s Cramer Advises Viewers Not to Move Money from Bear Stearns Week Before Collapse

At Least Hilter Got Germany Out of Its Depression

New Yorker: Abu Ghraib abuses were 'de facto US policy'
News Report: U.S. Soldiers Do Unspeakable Things In Iraq
Tibetan prisoners are paraded on trucks as China tightens its grip
Drug Trade Tyranny on The Border

Rogers: Fed Has "Given Up" On The Dollar March 19, 2008
"Victory" For Gun Rights Declared As 2nd Amendment Is Systematically Destroyed March 19, 2008
Fox Friend Bo Dietl Questions Missing Bodies in 9/11 Remains March 19, 2008
McCain Says It's "Common Knowledge" That Iran Is Training Al Qaeda March 19, 2008

Iraq war protesters arrested at IRS headquarters
McCain (who admits he doesn’t understand economics) evinces further but very significant lack of understanding (bomb everyone) as he modifies his (suuni) al Qaeda in (shiia) Iran claim
Gold drops 5 pct as US rate cut decision triggers correction
Dollar Falls on Speculation Fed's Rate Cuts Won't Stem Losses
Three Gulf states cut rates to defend dollar peg
Numerous Countries Have Recently Dropped The Dollar as Their Reserve Currency
Dollar Falls on Speculation Housing Slump to Swell Bank Losses
Dollar sheds post Fed gains
Weak dollar worries Beijing
Rumors Of Gold's Demise Greatly Exaggerated

Gun Owners Fooled By Mammoth Supreme Court Hoax March 20, 2008
2nd Amendment bars regulation of people’s ability to bear arms March 20, 2008
Media Hacks Call Cheney A "Hero" For Not Caring What Americans Think March 20, 2008
NAFTA: Clinton Will Sell Us Down the River Again March 20, 2008
The Hell-Disaster of Iraq
A War of Lies
Asked about two thirds of Americans' opposition to war, Cheney says, 'So?'
Soldier tells mom: My goal is to come home with my legs
AP president: US arrests journalist in Iraq to 'control' information
Poll: Bush's popularity hits new low
Report: FBI Mortgage Probe Expands to 17 Firms
200 Anti-War Activists Freeze in Place in DC to Protest War
At least 200 arrested in U.S. antiwar protests
AP: US arrests journalist in Iraq to 'control' information
July 7 attack inquests may be held in secret
New 'Bin Laden tape' threatens EU
China makes arrests in Tibet crackdown
The video that China doesn't want the world to see
China Says Tibet Protests Have Spread...
Steps up crackdown...
...Admits Killing Rioters

We Are Change Confronts Carl Cameron on Media’s 9/11 Truth Ignorance March 21, 2008
America is ALREADY in a Recession, Say Top Economic Experts March 21, 2008
Activists Pressure Denver Water Board to Remove Fluoride March 21, 2008
End of Nations - EU Takeover & the Lisbon Treaty March 21, 2008
>>Rothschilds Host Fundraiser for McCain in London<<What will it mean for his false identity as a campaign finance reformer?
America is ALREADY in recession, say top economic global experts Experts have accused the International Monetary Fund of "driving the car using the rear view mirror" after the global body warned the U.S. was on the verge of a recession.
There Is No Such Thing As A War For Free J. E. Stiglitz and Linda Bilmes | Economists say that there is no such thing as a free lunch. And there is no such thing as a free war.
The Triple Failing of the Big Private Banks Damien Millet and Eric Toussaint | The banks must be held to account for their actions over the last decades.
Get Ready for Global Flight from U.S. Treasury Debt UK Telegraph | Even monetary policy à l’outrance may not be enough to halt the spiral. Former US Treasury secretary Lawrence Summers says the Fed’s shower of liquidity cannot cure a bankruptcy crisis caused by a tidal wave of property defaults.
Three Investment Banks Partake in Fed “Lending” Scam Baltimore Sun | Morgan Stanley says they have “tested the window because we want to remove the stigma from the window,” in other words they have a green light to steal even more from the American people.
Beijing Admits Shooting Tibetan Demonstrators Financial Times | “China is infamous for using all state machineries to doctor evidence and propaganda hoping to confuse and fool the world with additional lies to cover up past lies as Hu Jintao and Wen Jiabao have been doing in the last few days.”
Cooperative crack down on Iraq rallies The Age | From Washington to Portland and San Francisco, the administration sympathetic cracking down of people exercising their First Amendment rights.
White House Papers Expose Lies of Clinton, Emanuel & Gergen On NAFTA David Sirota | Finally, we see it hasn’t just been Hillary Clinton lying about her role in championing NAFTA, but we see it is the entire Clinton machine.

Wall Street’s Crisis Hits Main Street The New York Times | The broadening of the slowdown, the plunge in home prices and near-paralysis in the financial system are fueling worries that what most economists now see as an inevitable recession could end up being especially painful.

Blitzer Dishonestly Spins McCain Iran-al-Qaeda “Gaffe” with Doctored Video Media Matters | Corporate media operative Wolf Blitzer attempts to get John McCain off the hook by airing a spliced version of his “gaffe” about al-Qaeda and Iran.

McCain shrugs off Obama attack over Iraq gaffe Reuters | McCain touts his national security experience as a main reason why he should be elected, never mind he can’t tell the difference between the Sunni and Shiite sects.
Another Bush Lie About Iran and Nuclear Weapons
POLITICO: 'Clinton has virtually no chance of winning'...
OBAMA AIDE: BILL CLINTON LIKE MCCARTHY
BANKS PLOT PUBLIC BAILOUT: Mass purchases of mortgage-backed securities... Not So Good Friday For Goldman and Lehman Forbes - Standard & Poor's analysts tested the tree-falling-in-an-empty-forest scenario, as it lowered the outlooks for Goldman Sachs and Lehman Brothers to negative while markets were closed. Documents filed with the Securities and Exchange Commission on Thursday March 20 show that Goldman's President and Co-Chief Operating Officer Jon Winkelried sold some 30,000 shares at about $173.85 each, totaling approximately $5.2 million, from Wednesday to Thursday. Vice Chairman Michael Sherwood unloaded some 7300 shares at a per share price of about $174.85, totaling close to $1.3 million Wednesday.
NM Gov. Bill Richardson Endorses Obama...
DALAI LAMA FINDS AN AMERICAN ALLY...
Chinese Troops Converge in Tibetan Areas...
Orders Video Web Sites to Close...

Petraeus: Iran 'Behind Green Zone Attack' March 24, 2008
'Official Story' Senators McCain & Graham Confronted on 9/11 Truth March 24, 2008
Ex-Communist Official Accuses China Of Staging Violent Tibet Riots March 24, 2008
Four U.S. Soldiers Die in Iraq; War Toll Is At 4,000 March 24, 2008
Diplomat: U.S. ‘threatened’ countries that didn’t support Iraq war.
97 percent of US death toll came after 'Mission Accomplished'
Four U.S. Soldiers Die in Iraq; War Toll Is at 4,000
Recession in U.S. Sows Slower Growth, Weaker Dollar
Existing-Home Sales Rise on Increased foreclosures, Prices Fall
Gold Rises in N.Y. on Speculation Dollar's Rally May Stall
Pentagon removes $3 trillion price tag for war from web site after exposure
Ex-Communist Official Accuses China Of Staging Violent Tibet Riots
Chuck Todd: Media Will Let McCain ‘Get Away With’ Al-Qaeda/Iran ‘Gaffe’
Matthews Mute Over McCain’s al-Qaeda Iran “Gaffe”
Into the Economic Abyss
Woe as the Feds Underwrite the Stock Market? “By creating a special window for investment banks on Sunday night the Federal Reserve moved one step closer to becoming an appendage of the market and giant corporations.”
No Carville Apology for Judas Remark…after all, we all know how Christ-like the clintons with their bodycount, etc., are...CIT Scrambles For Cash, Ally As Woes Mountwall Street Journal
CIT tries to obtain funding from overseas: Journal MarketWatch
CIT seeks cheap funding from overseas banks - WSJ Reuters
Analysts see deeper Q1 earnings fall at U.S. firms
US Ponders: How Deep Is Economic Abyss? (AP)
Oil drops on worries about weaker demand
Lundberg Survey: Gas prices rise 7 cents

Companies Try To Cover-Up Move To Watch Consumers Via TV's March 25, 2008
Torture Bracelet To Control Dissenting Americans? March 25, 2008
McCain: Osama bin Laden and I agree on Iraq March 25, 2008
D.C. Gun Crackdown Meets Community Resistance March 25, 2008
EU may boycott Beijing Olympics over 'cultural genocide' in Tibet
Cops Beat The Living Hell Out Of Peaceful Tibetan Protesters IN AMERICA
Sean Hannity Confronted Over His Relationship With Neo-Nazi Hal Turner
Chinese banks allowed to trade gold futures
Pentagon report finds no evidence of Saddam attempt to assassinate Bush
Pentagon says it mistakenly shipped ballistic missile parts to Taiwan
Mondale issues blistering attack on Cheney
Dollar May Extend Drop on Bets Fed Will Make Deeper Rate Cuts
Gold bounces on dollar drop
U.S. Only 22nd Most Stable Nation
Cheney On 4,000 Dead Americans: They Volunteered
Goldman sees $1.2 trillion global credit loss

Bear Stearns staff face reality of buyout 20,000 job losses in NYC expected from turmoil

Consumer confidence plunges in March
US home prices drop in January

FDIC to add 140 workers to bank-failure division
Stocks mixed as confidence, home prices plunge
S&P: Metro home prices down a record 11.4% in Jan.
Wall Street Facing 'Upwards of $460 Billion Credit Losses'...

ASCE Lied about Inability of Skyscrapers to Withstand Airliner Impacts March 26, 2008
Ridge Says He Turned Down Bohemian Grove Invitation While at Homeland Security March 26, 2008
Bill Clinton Evades Questions About WTC7 Countdown Witness March 26, 2008
Cops Beat The Living Hell Out Of Peaceful Tibetan Protesters IN AMERICA March 26, 2008
Pentagon agency confuses Iran with Iraq in official history
Dollar slides as weak data back further U.S. rate cuts
Wall Street May Face $460 Bln in Losses, Goldman Says
Government Benefit Programs in Trouble
War on terror: BUMBLING war criminal bush waives law on coups
Oil jumps to $106 as fuel supplies fall
US Treasury chief says Social Security 'unsustainable'
Government-Funded Investigators Accused Of WTC Cover-Up
US air strike slays 5 Iraqi civilians
Greed Pays On March 19, JPMorgan Chase chief executive Jamie Dimon joined Bear Stearns chief executive Alan Schwartz to face a group of 400 stunned Bear executives. Five days earlier, Bear Stearns, one of Wall Street's five largest investment banks, had lost $17 billion of wealth, triggering the biggest financial panic since the Great Depression.
The Money Launderers
Caterpillar CEO says U.S. likely in recession
Star analyst whacks Citi again (at Fortune)
Demand for durable goods falls 1.7% in Feb.
U.K. regulator admits mistakes in oversight of Northern Rock
Report Of WTC Collapse Cover-Up Justifies Call For New Inquiry
America’s Banks are Broken
21 countries more stable, prosperous than U.S.
WSJNBC POLL: HILLARY HITS LOWEST...
Pastor Flap 'Hasn't Hurt Obama'...CLINTON DONORS TARGET PELOSI
Military Tells Bush of Troop Strains... UPDATE: CLEAR CHANNEL Deal Collapses...
Banks Sued... Developing... Euro shoots past $1.57...

Mainstream Media: New Evidence Suggests Second Shooter Killed RFK March 27, 2008
McCain Urges New Global Compact -- a 'League of Democracies' March 27, 2008
GCHQ Confirms Violent Riots Staged By Chinese March 27, 2008
WTC Developer Larry Silverstein Sues for $12.3 Billion in 9/11 Attack 'Damages' March 27, 2008
CIA Operation in Tibet
Tibet, the 'great game' and the CIA
Israel hell-bent on sending US to war
New evidence suggests second shooter killed RFK
Clashes heat up, Iraqi civilians die
Graham Claims McCain ‘Has Never Said That This War Would Be Easy’
Paulson says new financial rules needed
Bank's Governor blasts 'hubris' of the bankers he blames for credit crisis
Wall St dives on tech, bank outlooks; Bear hit late (Reuters)
Fed policy-maker warns U.S. near recession
Bear Stearns Chairman sells $61.3 million of stock
Wall Street looking for public bailouts drives White House campaign cash flow (Reuters)
Emperor For Life Democrats, who were elected to stop the War, hit the “wimpy ceiling” constructed by Nancy Pelosi.
California freefall: Home prices down 26% in February Los Angeles Times | On a percentage basis, the California price meltdown is more than three times as severe as the national decline of 8.2% in median prices reported this week by the National Association of Realtors.
Defense Intelligence Agency History Confuses Iraq and Iran
Crude oil surges after Basra pipeline bombing Times Online | U.S. installed Iraqi government paying the price for attacking the Shias. Corporate media once again insinuates Iran behind the scenes, responsible for taking out the Zubair 1 oil pipeline.
Why we should fear a McCain presidency “The problem that Mr McCain poses stems from his ideology, his policies and above all his personality. His ideology, like that of his chief advisers, is neo-conservative and hence, the source of many of this country’s current problems.”
Obama Passport Scandal Linked to Clinton, Bush Narco News’ Bill Conroy learned on Friday that two of the three employees accused of meddling in Obama’s Passport files work for Stanley Associates Inc., a major U.S. government contractor.
Jordan MPs Want End to Peace Treaty With War Criminal israelis of Tel Aviv
Plea to China to keep Olympics TV live; France raises concern over censorship...
Dodd Calls on Party Leaders to Bring Race to End...
Angry Pelosi stands firm on superdelegates...
PAPER: Lasting harm feared in Democrats' battle...
POLL: Obama leads Clinton nationally by 10...

Oppenheimer slashes outlooks for Merrill and UBS
South Korean pension fund reportedly to shun U.S. Treasurys
Dollar rebounds on profit-taking, remains near low vs. the euro

Call For New 9/11 Investigation Reaches Crescendo March 28, 2008
Dollar Heads for Biggest Weekly Drop Against Euro in a Month March 28, 2008
Brzezinski Mocks Questions Concerned with Bilderberg Secrecy March 28, 2008
Top Comedian Believes In 9/11 Conspiracy March 28, 2008
The General Public: Alex Jones Says they are Lobotomized Sheep
Hillary's 911 Fabrication on Chelsea
Recent: Clinton lied about sniper fire
Rep. McKinney Grills Rumsfeld On Dyncorp Sex Rings, Missing Pentagon Trillions & 9/11 Wargames
Chinese Regime Implicated in Staging Violence in Lhasa
Dalai Lama accuses China of 'distortion' over Tibet
Jannati: US backs terrorists in Iraq
NUMBERS OF AMERICANS ON FOOD STAMPS HITS RECORD... DEVELOPING...
Dollar Heads for Biggest Weekly Drop Against Euro in a Month
Sterling drops to record low against euro

We Are Change Colorado Confronts Gary Hart on New World Order Vision March 31, 2008
Dollar Heads for Biggest Weekly Drop Against Euro in a Month March 28, 2008
Brzezinski Mocks Questions Concerned with Bilderberg Secrecy March 28, 2008
CIA Agents Killed Robert Kennedy: JFK Conspirator David Morales Identified in Video March 31, 2008
A third American war crime in the making
Dollar chilled by rise of euro
As Jobs Vanish, Food Stamp Use Is at Record Pace
Dollar Falls to Near Record Low Against Euro on Inflation Data
John Cusack on Military-Industrial Complex: ‘The gig is up’
Al-Maliki Will Fall
Fear of Civil War in Iraq
Russian General Predicts April 6 Attack On Iran General Ivashov calls for emergency session of UN Security Council to ward off looming US aggression
War with Iran May Have Begun with Offensive in Iraq Overall, US and Iraqi government forces are expected to continue a general offensive against the Mahdi Army in violation of the six month cease-fire, while claiming Iran is responsible for attacks on US forces
Global Gridlock: How the US Military-Industrial Complex Seeks to Contain and Control the Earth and it’s Eco-System
Gas price at record...
Why we should fear a McCain presidency
Caucuses Guarantee Obama Win In Texas...

MERKEL TO BOYCOTT OLYMPICS...

60 MINS: Ex-Terror Detainee Says U.S. Tortured Him...

Economic downturn worsens in March
UBS to lower auction-rate securities' values (Reuters)
WSJ: New Backing for Obama As Party Seeks Unity... Cash-strapped Clinton fails to pay bills...

Bush booed as he throws inaugural pitch at Nationals home openerWall Street sees steeper decline in Q1 results: report
Foreign Funds Migrating out of the U.S Dollar (3-31-08)
Israeli construction in settlements unabated: report

Driver found shot in LA common occurrence along with separate incident and don’t walk on streets or stand on corners as people, children are being cut down in a state that’s a wreck

GALLUP: Obama Holds Lead Over Clinton, 51% to 43%... Clinton didn't pay health insurance bills...
CLINTON Campaign head made $200,000 with subprime lender...
War stance woos some Republicans...
CIA enlists GOOGLE's help for spy work...TREASURY DEPT. PROPOSES MORE POWER FOR FED - of course they are wrong again: 5 REASONS WHY THE FED HAS FAILEDPAPER: Fed eyes Nordic-style nationalization of banks...

'Brace for $1 Trillion Writedown'... (3-31-08)
by James Pressley -- Be it ever so devalued, $1 trillion is a lot of dough. That's roughly on a par with the Russian economy. More than double the market value of Exxon Mobil Corp. About nine times the combined wealth of Warren Buffett and Bill Gates.

Yet $1 trillion is the amount of defaults and writedowns Americans will likely witness before they emerge at the far side of the bursting credit bubble, estimates Charles R. Morris in his shrewd primer, ``The Trillion Dollar Meltdown.'' That calculation assumes an orderly unwinding, which he doesn't expect.

``The sad truth,'' he writes, ``is that subprime is just the first big boulder in an avalanche of asset writedowns that will rattle on through much of 2008.''

Expect the landslide to cascade through high-yield bonds, commercial mortgages, leveraged loans, credit cards and -- the big unknown -- credit-default swaps, Morris says. The notional value for those swaps, which are meant to insure bondholders against default, covered about $45 trillion in portfolios as of mid-2007, up from some $1 trillion in 2001, he writes.

Morris can't be dismissed as a crank. A lawyer, former banker and author of 10 other books, he knows a thing or two about the complex instruments that have spread toxic debt throughout the credit system. He once ran a company that made software for creating and analyzing securitized asset pools. Yet he writes with tight clarity and blistering pace.

The financial innovations of the past 25 years have done some good, Morris notes. Collateralized mortgage obligations, invented in 1983, saved homeowners $17 billion a year by the mid-1990s, according to one study.

Slicing and Dicing CMOs transformed the business by slicing pools of mortgages into different bonds for different risk appetites. Top-tier bonds had the first claim on all cash flows and paid commensurately low yields. The bottom tier was the first to absorb all the losses; it paid yields resembling those on junk bonds.

What began as a good thing, though, soon spawned a bewildering array of new asset classes that spread throughout the financial system, marbling balance sheets with what Morris calls inflated valuations, hidden debt and ``phony triple-A ratings.'' The more the quants fine-tuned the upper tranches of CMOs and other collateralized debt obligations, the more dangerous the bottom slices grew. Bankers began calling it ``toxic waste.''

Guess where the toxins wound up? That's right: Credit hedge funds are now the weakest link in the chain, Morris says. Their equity stands at some $750 billion and is so massively leveraged that ``most funds could not survive even a 1 percent to 2 percent payoff demand on their default swap guarantees,'' he writes.

`Utter Thrombosis' Morris sketches a scenario in which hedge fund counterparty defaults would ripple through default swap markets, triggering writedowns of insured portfolios, demands for collateral, and a rush to grab cash from defaulting guarantors. The credit system would suffer ``an utter thrombosis,'' he says, making the subprime crisis ``look like a walk in the park.''

As bankers and regulators try to prop up the ``Yertle the Turtle-like unstable tower of debt,'' Morris points to two previous episodes of lost market confidence.

The first was the 1970s inflationary trauma that prompted investors to suck money out of the stocks and bonds that finance business. Confidence returned only after Fed chief Paul Volcker slew runaway inflation by ratcheting up interest rates.

The other precedent is the popped 1980s Japanese asset bubble. In that case, politicians and finance executives tried to paper over their troubles. Two decades later, Japan still hasn't recovered, Morris writes.

We should be as bold as Volcker, he suggests: Face the scale of the mess, take a $1 trillion writedown and shore up regulatory measures. His recommendations include forcing loan originators to retain the first losses; requiring prime brokers to stop lending to hedge funds that don't disclose their balance sheets; and bringing the trading of credit derivatives onto exchanges.

What he fears is that the U.S. will instead follow the Japanese precedent, seeking to ``downplay and to conceal. Continuing on that course will be a path to disaster.'' ``The Trillion Dollar Meltdown: Easy Money, High Rollers and the Great Credit Crash'' is from PublicAffairs (194 pages, $22.95). (James Pressley writes for Bloomberg News. The opinions expressed are his own.)

TREASURY DEPT. PROPOSES MORE POWER FOR FED - of course they are wrong again: 5 REASONS WHY THE FED HAS FAILED
GALLUP: HILLARY HITS LOWEST... Obama Gets Boost; Clinton Urged to Quit... ...hill: I'M NOT GOING

Bumbling moron and incompetent bush (how does anyone take anything this lying dummy says seriously): Latest Iraq Violence “Positive”

Dumbya war criminal bush says it’s important not to give Al Queda propaganda victory in Iraq by withdrawing when Every Intelligent Person knows that each day america’s in Iraq, war crimes and all, is a propaganda victory for Al Queda/Resistance/Would be terrorists everywhere. Dumbya bush is such a moron!

The republicans appear hell-bent on creating circumstances to make national security the issue because they have nothing else to talk about having mucked up everything (ie., economy, government response/Katrina, etc.) in their absolute control years (are they planning another pearl harbor event, clintonian wag the dog bombing, other diversion, etc.)

Israel Seeks Peace Talks With Syria

No Tears for Mr. Cayne LAST SUMMER, WHEN two Bear Stearns (BSC: 10.94, -0.31, -2.75%) hedge funds collapsed, Bear Stearns Chairman and Chief Executive James Cayne was absorbed in a bridge tournament in Tennessee, according to a memorable profile in The Wall Street Journal. The unfolding credit crisis did nothing to deter his regular golf games last summer, nor did market volatility dissuade him from recently buying not one but two opulent apartments in Manhattan's former Plaza Hotel for $27.4 million. No one was more responsible for the high risk and reckless leverage that drove Bear Stearns to the brink of bankruptcy a week ago. Poor Mr. Cayne. The $2 a share deal negotiated last week with the approval of the U.S. government, reducing his stake in the firm to a value of $14 million, wasn't good enough. This week J.P. Morgan Chase (JPM: 46.06, -0.49, -1.05%) boosted its offer fivefold, to $10 a share, to make Cayne and other large shareholders feel better. In my view, Cayne and other Bear Stearns shareholders were lucky to get $2. I, too, feel bad for the rank-and-file at Bear Stearns who had no control over the firm's risk policies or balance sheet. But I feel worse for plenty of financially-strapped Americans. They won't be buying Central Park views with a taxpayer-financed windfall.
America’s Banks are Broken America’s banks are broken, and the U.S. economy cannot be pulled out of recession until they are fixed.

21 countries more stable, prosperous than U.S. Michael Evans Times Online March 25, 2008 The United Kingdom has been ranked as one of the most stable and prosperous countries in the world, beating the United States, France and even Switzerland in a global assessment of every nation’s achievements and standards.A one-year investigation and analysis of 235 countries and dependent territories has put the UK joint seventh in the premier league of nations. The top ten comprise also the Vatican, Sweden, Luxembourg, Monaco, Gibraltar, San Marino, Liechtenstein, the Netherlands and the Irish Republic.The US lies 22nd and Switzerland, normally associated with wealth and untouchable stability, is rated 17th, losing points in the assessment of its social achievements. The bottom ten, surprisingly, do not include Iraq. They are listed as Gaza and the West Bank, Somalia, Sudan, Afghanistan, Ivory Coast, Haiti, Zimbabwe, Chad, the Democratic Republic of Congo and the Central African Republic.
Clinton says she erred on Bosnia story Whew! What an embellished whopper (clearly more than just small psychological problems have manifested). How about asking hill about the séances on the roof of the white house. I guess when you must live with the clinton bodycount among other crimes, the mind of necessity must play tricks rather than embrace the sordid truth/reality (about her and bill).
BROOKS: Hillary's Long Defeat...

US news video contradicts Clinton on Bosnia visit Reuters
New York Gov. Paterson discusses using marijuana and cocaine WCAX - AP - March 25, 2008 3:15 AM ET NEW YORK (AP) - Gov. David Paterson says many Americans tried marijuana and other drugs during the 70s and went on to lead responsible lives.
Paterson Says He Tried Cocaine thinking it was snuff and Marijuana thinking it was cherry blend in 1970s New York Times

21 countries more stable, prosperous than U.S. The US lies 22nd and Switzerland, normally associated with wealth and untouchable stability, is rated 17th, losing points in the assessment of its social achievements

Not So Good Friday For Goldman and Lehman Forbes - Standard & Poor's analysts tested the tree-falling-in-an-empty-forest scenario, as it lowered the outlooks for Goldman Sachs and Lehman Brothers to negative while markets were closed.
Documents filed with the Securities and Exchange Commission on Thursday March 20 show that Goldman's President and Co-Chief Operating Officer Jon Winkelried sold some 30,000 shares at about $173.85 each, totaling approximately $5.2 million, from Wednesday to Thursday. Vice Chairman Michael Sherwood unloaded some 7300 shares at a per share price of about $174.85, totaling close to $1.3 million Wednesday. Goldman could not be reached for comment.
S&P lowers outlooks on Goldman, Lehman BusinessWeek
Goldman Sachs and Lehman Brothers face downgrading Times Online
What if the other shoe drops but no one hears?

Market Scan NOT SO GOOD FRIDAY FOR GOLDMAN AND LEHMAN Melinda Peer Standard & Poor's analysts tested the tree-falling-in-an-empty-forest scenario, as it lowered the outlooks for Goldman Sachs and Lehman Brothers to negative while markets were closed. Standard & Poor's analysts Scott Sprinzen and Diane Hinton affirmed their AA-/A-1+ rating for Goldman Sachs Group (nyse: GS - news - people ) and A+/A-1 rating for Lehman Brothers Holdings (nyse: LEH - news - people ), pointing to strong underlying businesses and acceptable first-quarter earnings. But S&P also lowered the companies' outlooks to "negative" from "stable" on expectations of 20%-to-30% drops in net sales after write-downs going forward. The analysts also revised their outlook for the U.S. securities industry at large to "negative," meaning there is a one-in-three chance that there will be a rating change in the next two years.Goldman shares closed Thursday ahead by $13.14, or 7.9% , to $179.63 and Lehman stock added $6.42, or 15.2%, at $48.65.Analysts, while acknowledging the Federal Reserve's support for U.S. broker-dealers boosts confidence in capital markets, said negative outlooks for independent securities firms are appropriate since the potential for decreased profitability is still substantial.The slashed outlook may be especially difficult for Lehman Brothers to stomach. The financial services firm, whose business mix most closely resembles that of virtually collapsed Bear Stearns (nyse: BSC - news - people ), has dismissed recent rumors that it's headed down the same ditch as Bear (See: Financials Fall Into Bear Pit). Analyst Sprinzen says Lehman has done a better job managing its liquidity than Bear. As of Feb. 29, the firm's excess liquidity structure was $34 billion. "Lehman is among the largest proportionately of the U.S. broker-dealers, and its sources-to-uses ratio is the strongest of the five," Sprinzen said, adding that earnings have held up and Lehman's fixed income business remains profitable despite being directly affected by the economic slowdown and problematic asset-related write-downs.Sprinzen called Goldman Sachs' leftover mortgage and leveraged finance-related commitments "manageable" and praised the strength of its liquidity position. "However ... the firm's emphasis on trading activities and its aggressive risk appetite leave it open to the possibility that major missteps could ultimately occur, leading to a change in investor sentiments," Sprinzen said. Although Goldman is the most profitable U.S. broker-dealer, Sprizen said last quarter's profits were weak, with sales off 35% from the previous year.Documents filed with the Securities and Exchange Commission on Thursday March 20 show that Goldman's President and Co-Chief Operating Officer Jon Winkelried sold some 30,000 shares at about $173.85 each, totaling approximately $5.2 million, from Wednesday to Thursday. Vice Chairman Michael Sherwood unloaded some 7300 shares at a per share price of about $174.85, totaling close to $1.3 million Wednesday. Goldman could not be reached for comment.

21 countries more stable, prosperous than U.S. The US lies 22nd and Switzerland, normally associated with wealth and untouchable stability, is rated 17th, losing points in the assessment of its social achievements

Get Ready for Global Flight from U.S. Treasury Debt UK Telegraph | Even monetary policy à l’outrance may not be enough to halt the spiral. Former US Treasury secretary Lawrence Summers says the Fed’s shower of liquidity cannot cure a bankruptcy crisis caused by a tidal wave of property defaults.
Three Investment Banks Partake in Fed “Lending” Scam Baltimore Sun | Morgan Stanley says they have “tested the window because we want to remove the stigma from the window,” in other words they have a green light to steal even more from the American people.
CASH DASH: Firms Tap Fed for Billions... American auto industry bracing for 'worst year in decade'... In Washington, a Split Over Regulation of Wall Street...
BANKS PLOT PUBLIC BAILOUT: Mass purchases of mortgage-backed securities...

Insurgent Attacks in Baghdad, Northern Iraq Kill Nearly 60 People Voice of America - By VOA News US and Iraqi officials say insurgent attacks in Baghdad and northern Iraq Sunday claimed the lives of at least 58 people.
American death toll in Iraq reaches 4000 Boston Globe
US Death Toll in Iraq War Hits 4000 The Associated Press

China ups death toll in Tibet riots
Fed to be given MORE authority The Federal Reserve and Treasury are playing a dominant day-to-day role in overseeing Wall Street following this week’s rescue of Bear Stearns, raising the prospect that the central bank might be given more permanent authority over securities firms, yet the more important consideration is authority over the fed, treasury, and wall street in light of the pervasive fraud.
Central banks float rescue ideas
Three U.S. soldiers die in Iraq, toll nears 4,000
US Deaths in Iraq Approach 4,000...
Congress Raises the Debt Ceiling To Accomodate and Join bush’s Failed Legacy
No Money Gosh what happens when the Saudis and OPEC wake up and decide to peg the price of oil to the Euro? Snap, crackle, pop
OBAMA AIDE: BILL CLINTON LIKE MCCARTHY... NM Gov. Bill Richardson Endorses Obama... DETAILS: Obama Has Financial Edge For Primary Endgame...
GALLUP: Obama back on top...
POLITICO: 'Clinton has virtually no chance of winning'...
China Sends Thousands of Troops Into Tibet AFP | A week of protests against China’s 57-year rule of Tibet erupted into rioting in Lhasa last Friday. Demonstrations have since spilled over into nearby Chinese provinces with sizeable ethnic Tibetan populations.
Russian envoy: US military “arming ex-terrorists” in Kosovo Monsters and Critics | NATO Dmitry Rogozin claims the Bush neocons are arming former KLA terrorists in Kosovo.
Blitzer Dishonestly Spins McCain Iran-al-Qaeda “Gaffe” with Doctored Video Media Matters | Corporate media operative Wolf Blitzer attempts to get John McCain off the hook by airing a spliced version of his “gaffe” about al-Qaeda and Iran.
Archives show Clinton lied: Obama campaign...

Jim Rogers: the Fed is Throwing Dollar Out the Window “This man Bernanke was never elected by anybody. I don’t know where he gets the audacity to spend $230 billion dollars to bail out a few friends on Wall Street. This is totally outrageous.”
Rogers: Fed Has “Given Up” On The Dollar Paul Joseph Watson | Investor slams Bernanke for destroying greenback to bail out friends on Wall Street.
The Fed is just an Extension of the Banking Establishment The Bear bailout was engineered to serve the needs of the banking establishment; nothing more. The Federal Reserve and the US Treasury are merely an extension of the financial industry. The Bear bailout proves it
Stock Guru Granville: We’re in a Crash Octogenarians Joseph Granville and Robert Stovall predict the worst. “We’re in a crash,” said Granville. “This is the worst I’ve seen, and I’ve studied every bit of history all my life”
Joseph Stiglitz calls financial crisis worst since 1930s Stiglitz said it was ironic that former Federal Reserve head Alan Greenspan had said it was the world’s worst economic problem in the last 50 years, adding, “He is the source of much of the problem”

Family recalls fallen soldier was against Bush, Iraq war
U.S.-led force kills Afghan civilians in raid

The Fed's Wall Street Dilemma
The Collapse of American Power In his famous book, The Collapse of British Power (1972), Correlli Barnett reports that in the opening days of World War II Great Britain only had enough gold and foreign exchange to finance war expenditures for a few months. The British turned to the Americans to finance their ability to wage war. Barnett writes that this dependency signaled the end of British power.
'Oh, Magoo, You’ve Done It Again!' Frederick Sheehan Lew Rockwell.com Tuesday, March 18, 2008 Alan Greenspan’s instinct for self-exculpation reached new heights in the March 17, 2008, Financial Times. In "We Will Never Have a Perfect Model for Risk," he writes a model essay intended to eliminate risk – the risk he might be held accountable for the imploding banking system that he failed to regulate. Nowhere would the reader glean the author had a hand in the topics he speaks of with such authority. Nowhere would the reader detect a hint that the practices and models the former Federal Reserve chairman now condemns were once either blessed or ignored under his authority. We read in the FT: "The crisis will leave many casualties. Particularly hard hit will be much of today’s financial risk-valuation system, significant parts of which failed under stress. Those of us who look to the self-interest of lending institutions to protect shareholder equity have to be in a state of shocked disbelief."….. Recusing himself from responsibility to regulate the banking system, he told an audience in 2005: "The use of a growing array of derivatives and the related application of more sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions." The former chairman squirmed on The Daily Show. He told Jon Stewart in September 2007: "I’ve been in the forecasting business for 50 years. … I’m no better than I ever was, and nobody else is. Forecasting 50 years ago was as good or as bad as it is today. And the reason is that human nature hasn’t changed. We can’t improve ourselves." (Stewart lost faith in America at that point: "You just bummed the [bleep] out of me.")…..

Banks face "new world order," consolidation: report

IMF chief says contagion risk ‘very high’

IMF, OECD hit alarm buttons for crisis-hit global financial system

Currency Strategists Warn of Intervention to Salvage U.S. Dollar

Turning Point For The Dollar?

Bear Stearns Rescue Is `Finger in Dike,' Scholars Say

Who Traded 55,000 Bear $30 Puts Tuesday?

Dollar sells off after Fed's emergency measures

Welcome to the Future: The Second Great Depression

NZ market hit by US meltdown

Stocks Mixed After Bear Stearns Deal

Oil plummets on economy worries

Greenspan: Economy Worst Since World War 2

Not Just Recession, Clinton Appointee Talking 'Depression'

Housing Predictor: Economy on the Edge of Depression

U.S. Futures, Global Stocks, Dollar Decline After Fed Cuts Rate

Dollar Doomsayers Draw Signs From Bernanke Rate Cuts

Dollar's nosedive stirs joint intervention jitters

Treasury Secretary refuses actions to strengthen dollar

Pound Slumps to Record Versus Euro After Fed Cuts Discount Rate

Fed acts Sunday to prevent global bank run Monday

Dollar dives to near 13-year low vs. yen

Bernanke Saves Bear Stearns While Americans Live In Tents

Global market panic sparks more gold buying, bullion near record

How bad is the mortgage crisis going to get?

Leading Economic Writer: Financial Meltdown A "Gigantic Fraud"
The Fed's Desperation Move
How to Destroy a Country in Five Years
Bearly Alive
Foreign Investor Flight from U.S. Debt and seeing red
We Are Being Bernanke’d Comparisons between 2008 and 1929 are predictive programming to get you use to the idea
Stock Guru Granville: We’re in a Crash Octogenarians Joseph Granville and Robert Stovall predict the worst. “We’re in a crash,” said Granville. “This is the worst I’ve seen, and I’ve studied every bit of history all my life”

Welcome To The Second Great Depression

Last Friday we got a taste of what the future is likely to be like as we make our way further into the belly of the second great depression

Eroding confidence stings bank shares...
GREENSPAN: MY FINANCIAL MESS WORST SINCE WWII...
Wall Street waits for next domino to fall...
FED GIVES ANOTHER QUARTER...
PAPER: Foreign investors veto Fed rescue...
The Dollar Doomsayers...
INTERVENTION?
Euro, Gold Hit New Records...
Bumbling bush: 'We're in Space Shuttle Challenger Times'...
3-month bill yield seen lowest in 50 years...
Fears mount over US economy
US Military committed War Crimes in Fallujah: Open Letter to the International Criminal Court of Justice I believe that there is sufficient evidence to launch an investigation into what happpened in Fallujah, Iraq in 2004. I pray that you will agree and take all necessary steps to ensure that justice is served
$175 for a Barrel of Oil? Commodities may have “explosive rallies” in the next couple of years, with crude oil rising to $175 a barrel, according to Goldman Sachs Group Inc.
Spitzer taken down by Mossad?
Corporate Media Snowjobs Dollar Crisis
Leading Economist: Dollar Faces Outright Collapse Another prominent economist has warned that the bottom may soon drop out of the dollar completely as the currency hits fresh lows and continues to sink worldwide.
Paul Craig Roberts: Watching the Dollar Die
Gold Futures Rise to Record $1,009 on Bear Stearns Bailout
Panic in stock markets as U.S. banking giant Bear Stearn 'on verge of collapse'

CALLS MOUNT FOR OLYMPIC CEREMONY BOYCOTT
International war criminals israeli warship 'enters Lebanese waters'...

Many voting for Clinton to boost GOP Boston Globe
Clinton struggles with loss of black support...
FORMER GOP SENATOR RIPS HILLARY AS 'BUSH ENABLER'...
CLINTON 'WE CANNOT WIN' IRAQ WAR...

Red Cross: Iraq's humanitarian situation most critical
Some families spend a third of their average monthly wage of $150 just buying clean water, the report said. Healthcare in Iraq was "now in worse shape than ever" .Iraq-USA, Politics, 3/18/2008
2.7 million Iraqis displaced living difficult conditions
More than 75 percent had no access to government food rations and nearly 20 percent lacked supplies of clean water, she said adding that some 33 percent could not get the medicine they needed while only 20 percent had had any help from humanitarian agencies .Iraq-USA, Politics, 3/18/2008
Iraqi crisis fuels rise in asylum-seekers in industrialized world – UN report
"For the second year running, Iraqis topped the list of asylum-seekers in the world's industrialized countries," according to the UN High Commissioner for Refugees Iraq-UN, Politics, 3/18/2008
US on Iraqi political groups walk out
US Department Of State Deputy Spokesman Tom Casey was asked today about the number of Iraqi political groups pulled out of the talks that were being held today, more than a year after President George W. Bush announced the surge as a way to try to provide breathing space for the Iraqi political system to achieve reconciliation. Iraq-USA, Politics, 3/18/2008
Five journalists given three-month prison sentences over critical articles
the two newspapers carried a news item about this citizen's filing of a motion with the Higher Judicial Council against the judges of the Higher Court of Justice, who had upheld a decision by the Civil Status and Passport Department depriving the plaintiff of his citizenship. The two newspapers were sued, as were their chief editors, as the newspapers' representatives: Usama Sharif of "Ad-Dustour" and Taher Al Udwan of "Al Arab Al Yawm."Jordan, Politics, 3/18/2008
Journalist Hasan Abdel Jawad arrested; intimidation of press in West Bank
The International Federation of Journalists is calling for the release of journalists being held in Israeli prisons for their critical reporting. The arrest last week in Bethlehem of journalist Hasan Abdel Jawad, who is also a Palestinian Journalists' Syndicate (PJS) board member, brings to 8 the number of journalists detained by Israeli authorities. Palestine-Israel, Politics, 3/18/2008
Democrats Focus on How to End Iraq War
No Regrets on Iraq War: says Unconflicted Psychopathic War criminal and Moron bush
Top U.S. Officer in Mideast Resigns - WashingtonPost.com
Iraq-USA, Politics, 3/18/2008
Petraeus: Iraqi Leaders Not Making 'Sufficient Progress' - WashingtonPost.com
Iraq-USA, Politics, 3/18/2008
Iraq Attacks Lower, but Steady, New Figures Show - NY Times
Iraq-USA, Politics, 3/18/2008
Iraqi feel-good stories prove elusive - LA Times
Iraq, Politics, 3/18/2008
Olmert vows to continue east Jerusalem settlements - Yahoo! News
Palestine-Israel, Politics, 3/18/2008
Poll shows Palestinians now favor Hamas over Fatah - LA Times
Palestine-Israel, Politics, 3/18/2008
Palestinians Unite in Anger Against Israeli Attack - NY Times
Palestine-Israel, Politics, 3/18/2008

How to Destroy a Country and Get Off Scot-Free Linda Heard, [email protected]

Someone once told me if you're going to tell a lie make it a whopper based on the premise the more outrageous the lie the more likely it is to be believed. At the time, I wrote off his advice as hogwash but as we see from the Iraq debacle, he was right. Five years later, the deceit continues undiminished and nobody has been held to account. Britain's Gordon Brown yesterday promised to hold an enquiry into the "mistakes" made in Iraq. Sounds good, but don't hold your breath. All previous inquiries have been labeled "whitewashes". They can't afford the truth to come out else they might get a one-way ticket to The Hague.Ambassador David Satterfield, and adviser to Secretary of State Condoleezza Rice, is doing the rounds of talk shows lauding America's victories over Al-Qaeda in Iraq. On one occasion the host interjected to mention the unpalatable fact that Al-Qaeda members only flocked to Iraq once the Americans were in place leaving Satterfield momentarily nonplussed.It's obvious that Satterfield is so saturated in the party line he forgot the Pentagon's recently published study that found with certainty that Saddam Hussein had absolutely no links to Al-Qaeda. And lest we forget Saddam didn't have WMD either, which means not only was the war immoral the prewar sanctions on that country that contributed to the deaths of over half-a-million Iraqi children were too. Think about it for a moment. The warmongers invaded, crushed and occupied a country that was no threat to anyone. They stood by as it was looted, exacerbated sectarianism, flattened entire towns, tortured untold numbers of innocents, brought in gum-chewing, tattooed foreign mercenaries and paid crony companies billions of dollars for mythical reconstruction projects.They then pretended to hand over sovereignty to that country while at the same time constructing permanent bases and the biggest US Embassy in history resembling a small town. They said they had no interest in Iraq's oil, yet they are putting immense pressure on the Iraqi government (sic) to sign into law a bill that permits foreign (read American) oil companies to lock up decades-long deals. Let's be frank. Iraq wasn't a blunder, it was a crime. So how did they manage to get away with implanting their long-conceived plot to do away with Israel's No. 1 foe, ensure their competitors couldn't get their hands on Iraq's resources and entrench their military might in the region? Future historians will no doubt be scratching their heads over this one. You had to live through it to believe it.

First, they cleverly used the politics of fear to sway public opinion. As noted in the Project for the New American Century's document "Rebuilding America's Defenses", the warmonger signatories - who later became senior members of the Bush administration - needed "a new Pearl Harbor". On Sept. 1l 2001 they got it. Americans and their allies were in shock. Almost every country in the world was sympathetic and willing to do anything to help. And, boy, did they capitalize on that empathy even managing to persuade Russia to stay silent as they made deals with Caspian states to allow US bases.

Step one was a country where a giant bogeyman was supposed to be hiding out in a cave presumably equipped with a dialysis machine and a production studio and whose black-turbaned government forced women to wear a burqa and disallowed nail polish. But then Defense Minister Donald Rumsfeld was disappointed because there weren't enough targets for his bombs. It was no fun bombing a country into the Stone Age when it was already there.

Step two was the insidious demonizing of Muslims, thousands of whom were arrested and held for months without charge or access to lawyers. In that climate of fear, it was relatively simple to persuade the American people that Saddam Hussein was conniving with the people who brought down the World Trade Center. US officials warned of mushroom clouds; Prime Minister Tony Blair said British interests could be attacked within 45 minutes of Saddam giving the order. Then Secretary of State Colin Powell allowed himself to be used as their fall guy. He spouted the most unbelievable scripted codswallop the UN had ever heard...yet, bullied and bribed nation after nation pretended to believe him as IAEA chief Mohammed El-Baradei and UN weapons inspector Hans Blix did little to discredit the hoax.

Step three entailed replacing Osama in people's minds with Saddam, who overnight morphed into a hydra-headed monster whose idea of a pleasant weekend was gassing and torturing his own people.

Step four was 'Shock and Awe' which illuminated the Baghdad skyline on March 19, 2003. As their bombs and missiles rained down on crowded market places scattering limbs, they told us those bombs and missiles were Saddam's even though the Independent's Middle East correspondent inconveniently dug up their Made in the USA shards.

As the months went on, we began to wonder what happened to the WMD. They told us it was only a matter of time before it would be unearthed from under the sands or discovered in a tunnel under one of Saddam's palaces. They even suggested it may have been shipped off to a neighboring country for safekeeping!!

Step five was an orchestrated administration campaign to inject us with mass amnesia. Never mind about the weapons, they said. We are here to liberate the poor Iraqi people from their evil dictator and deliver freedom and democracy. Look, look, they said. The Iraqis have purple fingers! With up to one million dead, Iraqis are lucky they have any fingers at all.

To be fair, they couldn't have done it without the aid of a compliant, supine media, which embedded its reporters with US battalions and agreed not to show captured US soldiers, flag-draped coffins, military funerals or scenes of blood-soaked Iraqi civilians. Independent reporters who neglected to abide by the script were discredited, refused access to information and even shelled.

I still recall a live report from David Chater of Sky News, who saw the barrel of a US tank slowly turn toward the Palestine hotel - known to be a journalist's hang-out - before firing its shell killing three reporters. The Baghdad offices of Al-Jazeera and Al-Arabiya were also hit.

With so much information on tap I'm flabbergasted that so many people still believe the Iraq fairytale. I wish they'd get in touch with me. I've got a few pyramids and a sphinx going cheap. Sad, isn't it!

Poll: Majority of Democrats prefer Obama CNN -- A majority of Democrats would like to see Barack Obama rather than Hillary Clinton win their party's presidential nomination, according to a national poll out Monday.

Bernanke Plays `Whac-A-Mole' With Turmoil in Markets By Rich Miller March 17 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke may be facing something worse than a loss of personal credibility on Wall Street and in Washington: waning faith in the ability of the institution he leads to turn around ...

Time for West to Stop This Vicious Campaign

GREENSPAN: MY FINANCIAL MESS WORST SINCE WWII...
Wall Street waits for next domino to fall...
FED GIVES ANOTHER QUARTER... Watching the Fed as Records Continue to Be Broken
The Weak Ahead: Fed Action Reeks of a Bailout
The Bernanke Fed's Next Interest Rate Cut Will Be Its Last
Euro, Gold Hit New Records...
The Dollar Doomsayers...WORTHLESS
SOLD: JPMorgan Closes Deal on Bear Stearns...

PAPER: McGreevey aide says he had sexual trysts with ex-governor, wife...

Taxman gets power to turn up unannounced to homes and demand to see records

Stocks Rollercoaster Down on Reality and Bear Stearns Cash Fear Associated Press | Stock market plunges as investors worry about the severity of the liquidity crisis at Bear Stearns and how serious the credit crisis has become.

George ‘Herbert Hoover’ Bush

Lew Rockwell | Alan Greenspan just told a Wall Streeter who hired him as a consultant that “the economy is headed off a cliff.” Yes it is, Alan, and you are a chief criminal, along with Nixon, Bush, and others, in this unfolding global disaster.

More Economists Agree We Are In A Recession

Wall Street Journal | More economists understand what most Americans already know — we are in a “recession” and one man’s recession is another man’s depression, depending on where he stands in regard to a job and credit.

Spitzer’s Sex Life Is Weapon of Mass Distraction for a Bunch of Bad News for Bush

Tel Aviv Seeks to Use american funds that america doesn’t have to further alienate important Arab Allies to buy F-22 Jet Fighters to commit more war crimes

Bush Family Nazi Ties

Google Video | Investigative journalist John Buchanan explains how the Bush crime family supported Hitler and the Nazis, a historical fact completely ignored by the corporate media.

A VICIOUS CIRCLE ENDING IN A SYSTEMIC FINANCIAL MELTDOWN
Fed Interventions Spur Worries Of Sowing Seeds For Next Crisis CNNMoney.com - In deploying its most powerful weapon on Friday, the Federal Reserve made clear that some banks are simply too big to fail. While Bear Stearns (NYSE:BSC) ' near-death experience is sending shudders through the financial world, it also provided a ...
US Stocks Fall, Led by Banks; Bear Stearns Drops Most Ever Bloomberg
Banks, Fed to take stocks on rocky ride Reuters
Fed Chief Warns Anew on Foreclosures New York Times
Bernanke says foreclosures not limited to subprime, no market ... Forbes
Gold Futures Rise to Record $1009 on Bear Stearns Bailout

FED PLEDGE TO SUPPLY CASH...
Race to Rescue BEAR STEARNS...
Largest government bailout of securities firm....
Fed Invokes Little-Used Authority to Prevent Collapse...
'Vicious downward spiral'...
Bush Urges fellow mental patients Patience...
Dollar falls below Swiss franc...

5 Reasons the Fed's Credit Bailout Will Likely Disappoint Matt Blackman
While stock traders began to party again after hearing news of the Fed March 12 credit bailout, currency traders were betting it wouldn't work. After staging a brief rally on Tuesday, the US dollar fell to a new all-time low against the euro Wednesday as confidence that the Fed move would solve the credit crisis and economic fallout proved short-lived. Hopes have run high that the $250 bailout would prove the requisite panacea by stock investors prompting many to call a bottom in stocks. But here are five reasons why they will probably be disappointed.
1) Much more subprime pain to come - According to a Bloomberg article from March 11, Even after downgrading almost 10,000 subprime-mortgage bonds, Standard & Poor's and Moody's Investors Service haven't cut the ones that matter most: AAA securities that are the mainstays of bank and insurance company investments. None of the 80 AAA securities in ABX indexes that track subprime bonds meet the criteria S&P had even before it toughened ratings standards in February, according to data compiled by Bloomberg. A bond sold by Deutsche Bank AG in May 2006 is AAA at both companies even though 43 percent of the underlying mortgages are delinquent. Sticking to the rules would strip at least $120 billion in bonds of their AAA status, extending the pain of a mortgage crisis that's triggered $188 billion in writedowns for the world's largest financial firms. AAA debt fell as low as 61 cents on the dollar after record home foreclosures and a decline to AA may push the value of the debt to 26 cents, according to Credit Suisse Group. "The fact that they've kept those ratings where they are is laughable," said Kyle Bass, chief executive officer of Hayman Capital Partners, a Dallas-based hedge fund that made $500 million last year betting lower-rated subprime-mortgage bonds would decline in value. "Downgrades of AAA and AA bonds are imminent, and they're going to be significant." So what happens to the Fed requirement that any collateral exchanged for Treasuries not be subject to a downgrade? According to the article, all but six of the 80 AAA ABX subprime bonds failed an S&P test for investment grade status. As I understand the program, they should NOT qualify for the Fed collateral exchange.
2) Home price declines are still accelerating. This means that bonds that qualify as investment grade today have a better than 50-50 chance of not qualifying tomorrow. Rating agencies essentially discounted the probability of housing price declines. How can the Fed (and taxpayers who risk picking up the tab) trust them now?
3) The Fed bailout allows that mortgage bonds be used as collateral for a 28 day period. What happens when the 28 day period elapses? The Fed has also said it would discount the value of bond collateral. By how much? Do banks get to discount them again before taking them back after the 28 day period has elapsed? I trust that the Fed has no plans to be the buyer of final resort for this junk. It would mean this liability would ultimately be passed on to the taxpayer. But even giving Bernanke & Co the benefit of the doubt, this solution is very short-term in scope. And what happens when its over and $200 billion in bonds have been exchanged?
4) The current housing (and credit) bubbles took years to form and were powered by the creation of trillions in derivatives. The credit default swap market alone doubled every in 2006 and 2007 and at latest count had grown to more than $40 trillion. The chances that any bailout attempts by government or quasi government agency like the Fed will re-inflate these bubbles are effectively zero. The latest estimate by Friedman, Billings and Ramsey is that the $11 trillion mortgage market needs about $1 trillion in new investment to halt the slide in bond prices that began last year. But that estimate assumes that payments on more than 90% of US mortgages will remain current - Is this realistic assumption given the scope of home price declines and the amount of zero down, no doc, lier mortgages etc. that were issued? Probably not. What motivation do those who made little or now down payment have to maintain their payments on a home that has dropped below the mortgage amount?
5) Can this bailout halt the economic slide that my indicators are telling me will result in a recession? (see this post) Can they reverse the economic cycle? Certainly not on both counts if history is any guide. More likely, the latest stock run is nothing more than a predictable bear market rally that will quickly evaporate, just like those that resulted from past bailout hopes have done since November. As Joseph Mason commented in a Bloomberg interview March 12, all Fed efforts so far have focused on providing liquidity but they do nothing to address credit losses. Someone has to take those losses including homeowners, consumers as well as banks, lenders, hedge funds etc. And those losses are far from over. And so far, the only credit problems being discussed are mortgage related. What about commercial, car, student, credit card, M&A, LBO and other loan markets? What happens when they begin to blow up?

5 REASONS WHY THE FED HAS FAILED BY HELEN ANDERSON

No single quasi-private institution has as much influence on the worldwide economy as the Fed, and as a leader can head this institution for an indefinite term, no one man is as influential on the markets as the Fed Chair.

The Dollar has plummeted in the currency markets and shows few signs of recovery or even stabilization. The new style and policies that accompanied Bernanke into office have made the Forex markets more volatile than ever and even more difficult to predict. An examination of what has gone awry can help Forex traders understand this new era at the Fed.

1. The Fed ignored the signs

The Fed has stated that it will never act as a regulator in any financial market, but it has the duty to use its influence for reform when it sees signs of consumer exploitation. Since as early as 2001, at least two senior officials inside the Fed urged its board to call for tighter regulations in the housing markets, especially in abuses that were clearly evident in the handling subprime mortgages. At the time, the White House was singing the praises of America’s new society of ownership, so the Fed took this cue and did nothing.

These deceptive loans were making possible the dream of home ownership to millions of Americans, even to those who could not come close to affording it. Now these same Americans are living through a nightmare of foreclosure and debt, much in thanks to the Fed’s willingness to ignore long-term repercussions and revel in immediate accomplishments, no matter how hollow and transitory they might be.

2. The Fed did too little too late

Other than advocating for reform, the Fed should have fully committed to a strategy of lowering target interest rates. Instead, Bernanke procrastinated, and when he did finally announce a cut, it was insufficient and ineffectual, at best. On December 11th, the Fed dropped its benchmark rate by a quarter of a percent rather than the half of a percent that had been called for by analysts and investors. Wall Street promptly responded, as the Dow plummeted nearly 300 points in one day.

The Fed might argue that this cut was prudent and that a more drastic cut would have unnecessarily fueled a rise in inflation. However, many view the Fed’s temerity in this matter as merely an extension of its inertial proclivity towards inaction.

3. The Fed kept interest rates too low for too long

Though this may seem to contradict the statements above, one of the reasons that the Fed might have hesitated in cutting rates is that they were already too low to begin with. Greenspan’s long tenure at the Fed was defined by a tendency to aggressively cut interest rates, which he began to do frequently in 1987 after the drastic correction in the stock market.

This initial move helped stave off disaster, but the further rate cuts of the late 1990s eventually led to the dot-com bubble. Rates should have been raised again in the early 2000s; if this had been done, the US might have avoided the furious borrowing that has led to the current credit crunch.

4. The Fed’s view of inflation is flawed

The Fed seems rather befuddled by this important economic indicator. The soaring costs of food and energy are a phenomenon is the US and worldwide, but the Fed does not take these developments into account.

The Fed’s analysis focuses on “core inflation,” which excludes a number of indices that it views as transitory, including energy and food costs. “Headline inflation,” which does take these costs into account, is favored by European economists, who view high energy prices as a long-term trend. By choosing to disregard the rising costs of a barrel of crude oil and a bottle of olive oil, the Fed is ignoring reality.

5. The Fed gives gold stars to those deserving detentions

Fed policy following the recent economic slowdown has done nothing but reward those who helped caused it. The majority of financial stocks have suffered of late, and justifiably so. However, the Fed seems dedicated to bailing out even the worst of the perpetrators with the recent set of economic interventions that it has enacted.

While working to eliminate any downturn in the market might seem feasible for short-term success, it is a purely shortsighted endeavor that will hurt the economy in the long run. In order for a free market to truly exist, bear markets must coexist peacefully with bull markets. Unfortunately, the Fed has its bright orange vest on and is going bear hunting. This is a doomed outing, and one that is going to get us all hurt in the end.

Futures Down Triple Digits on Hedge Fund Collapse

Dollar sinks to record low vs euro, currency basket

Stocks slip on rethink of Fed plan, oil over $110

Typical Bear Market Action

Feb budget gap balloons to record $175.56 bln (Reuters)
Eliot Spitzer's Rise and Fall On CNBC Tonight

Israelis kill four in West Bank -

Foreclosures becoming 'nightmare' for cities...

Reid Won't Back Ban on Earmarks... NY Gov Apologizes, but Quiet on Scandal...
PROSTITUTION RING?
It Wasn't the Sex; Suspicious $$ Transfers Led to Spitzer... WNBC: Text Messages, Cell Phone Records May Link...
WCBS: Could Resign Tonight...
A Long Night for TIMES Metro Desk...
Scandal met with disbelief on fraudulent wall st where such is common place and no big deal as they say he along was really one of them...It Wasn't the Sex; Suspicious $$ Transfers Led to Spitzer ABC News - By BRIAN ROSS The federal investigation of a New York prostitution ring was triggered by Gov. Eliot Spitzer's suspicious money transfers, initially leading agents to believe Spitzer was hiding bribes, according to federal officials.
UPDATE 1-FACTBOX-NYT names Spitzer as 'Client 9' in sex case Reuters
Newspaper Report: New York Governor Patronized Escort Service Voice of America

It’s alive! Sullivan: The Clintons, a horror film that never ends...

DICK MORRIS (3-19-08): 'Obama has already won the nomination. It's all over but the shouting'...

IT'S TIME TO CALL IN HATCHET MEN AGAINST THE CLINTONS

By DICK MORRIS & EILEEN MCGANN

Published in the New York Post on March 9, 2008.

Clintons are trying to steal the nomination from Barack Obama - and he can't let them.

The Clintons' campaign attacks put Obama in a bind.

If he doesn't answer in kind, he's toast.

But if he does, they'll have forced him off his winning message of hope and change from the bitter politics of the Bill Clinton and George W. Bush eras.

If they pull him off his game and onto theirs, they can wrest away the Democratic convention victory that he's earned.

The solution for Obama is clear: Reply in kind, but do it through surrogates.

Obama must answer Hillary's negative attacks and make counterpunches of his own to rock her back on her heels.

His holier-than-thou posture is fine for the opening stages of a campaign, but when your opponent starts throwing mud, you've got to answer.

While Hillary takes aim at Obama's buddy, Tony Rezko, the Obama people need to explore the dimensions of Hillary's relationship with con artist Norman Hsu, who donated almost a million dollars to her campaign, money he'd scammed from gullible investors.

Obama needs to enlist the likes of Ted Kennedy and his other supporters in making the case against Hillary.

After her victories in Texas and Ohio, Hillary is once again in play. Negatives about her matter. A full frontal assault on her integrity and on Bill's conflicts of interest (remember they have joint finances) will work and will stop the bleeding in the Obama campaign.

The Clintons would like nothing better than for Obama to remain passive, clinging to his desire to raise the tone of our politics.

If Sen. Clinton resorts to negative ads in the remaining primary states, Obama needs to do so, too, always keeping himself off camera and using an announcer to articulate his message.

As long as his attacks center on Hillary's and Bill's financial dealings and their relationships with lobbyists and special-interest groups, he will remain on message and his attacks will be in sync with his general approach to the race.

But Obama must make no mistake - it's time to fight back.

Dick Morris to Hillary: IT’S ALIVE AND IT'S OVER FOR YOU...

HILLARY'S 911 FABRICATION ON CHELSEA

Dick Morris & Eileen McGann / Newsmax | March 25, 2008

Now that Hillary Clinton has been nailed in an outright fabrication of her role in Bosnia, it is time to remind ourselves of another, even more galling fantasy that Hillary tried to sell the voters.

After 9/11, Hillary had a problem. New Yorkers were desperately focused on their own needs for protection and they were saddled with a Senator who was not one of them -- an Arkansasn or was it a Chicagoan?

Interviewed on the "Today" show one week after 9/11, she spun an elaborate yarn. The kindest thing we could say was that it was a fantasy. Or a fabrication.

She said that Chelsea was jogging around the World Trade Center on 9/11 and happened to duck into a coffee shop when the airplanes hit. She said that this move saved Chelsea's life. But Chelsea told Talk magazine that she was in a friend's apartment four miles from ground zero when the first plane hit. Her friend called her, waking her up, and told her to turn on the TV. On television, she saw the second plane hit, disproving Hillary's claim that "she heard the plane hit. She heard it. She did."

So why did Hillary make up the story about Chelsea? Most likely to was because her co-senator (and implicit rival for the voter's affection), a real New Yorker Chuck Schumer spoke of his daughter, who attended Stuyvesant High School (Dick's alma mater) located next to the TRade Center, being at real risk on 9/11. Hillary needed to make herself part of the scene.

She invented the entire story on national television, the "Today" show, and didn't blink an eye.

Her fabrication on the "Today" show was no unique foray. It is her standard M.O.. It gives us pause in evaluating all of her stories and calls into question her entire credibility.

Studies: Iraq costs US $12+BILLION per month (AP)

‘Israeli Moves Weakening PA’

Obama Wins Wyoming Caucuses New York Times

BARACK IS BACK; WYOMING VICTORY

Exchange bets favor Obama for Democratic nomination Reuters - By David Alexander WASHINGTON (Reuters) - Hillary Clinton will win Democratic primary elections in Pennsylvania, Kentucky and West Virginia in the coming weeks, but rival Barack Obama will ultimately capture the party's presidential nomination, ...
Obama’s California Comeback Wall Street Journal
Dems Surge by 65000 in Pa. The Associated Press

Banks face "systemic margin call," $325 billion hit: JPM

History will likely record that the "$3-8 Trillion" Iraq War was a key reason
why the American economy shuddered to a stop and a new Great Depression began,
if the financial genocide continues :
The spending on Iraq was a hidden cause of the current credit crunch because the US
central bank responded to the massive financial drain of the war by flooding the American economy with cheap credit.
"The regulators were looking the other way and money was being lent to anybody this side of a life-support system..."
That led to a housing bubble and a consumption boom, and the fallout was plunging the US economy into recession...

$106...
Oil Advances to Record as Dollar Drops to All-Time Low... Homeowner Equity Lowest Since 1945...

Records galore: dollar plunges, oil and gold soar (AFP via Yahoo! News) Currency and commodity markets saw a flurry of record-setting performances Thursday, with the dollar tumbling to a new low against the euro as oil and gold leaped to unprecedented peaks.
Gold price strikes record high near 1,000 dollars (AFP via Yahoo! News)The price of gold hit a new record on Thursday close to the symbolic 1,000 dollars per ounce level as the precious metal was boosted again by the weak dollar, traders said.Gulf investors may not save CITIGROUP, Dubai executive says...
Worries About Cash Levels... OPEC president says he favors cutting oil output...
Crude May Rise to $120...

Vehicle Sales Plunge

Buffett: US Economy In Recession Associated Press | Mr. Dumbya bush, Mr. Buffett is on the red phone with an important message. WAKE UP YOU BURNT OUT SLACKER!
The Federal Reserve's rescue has failed
Stocks Tumble Around Globe in light of US Recession
9/11 protester arrested after yelling at Bill Clinton
Gold Gains to Record Above $980 on Dollar, Inflation Concerns
Dollar Falls to 3-Year Low on Speculation Debt Losses to Spread

UN Responsible for Israeli Aggression, Says Kingdom
Israel’s Moral Compass Is Flawed Linda Heard…..Ya Think?
Israeli Prime Minister Ehud Olmert says he doesn’t want lessons in morality. He’s right. He and his Cabinet are a lost cause on that front. Any attempts to appeal to their sense of right and wrong is futile because they are unconflicted Christ-killing war criminals.

Canada defends Obama over NAFTA flap...
Obama camp: Hillary needs double-digit wins or 'it's over'...
Delegate Math Could Cloud Results... Oil Hits All-Time High...
...OPEC chiefs rule out need to raise output
Dollar falls to historic low...
Tourist Robbed For GAS MONEY...

Call For "Federal World Government" Endorsed By Hillary - Extended Clip
New Video: "Cocaine & the Contras" - Robert Parry & Gary Webb

`RASMUSSEN POLL: OBAMA TAKES 4-POINT LEAD IN TEXAS...`

`POLL: Obama has lead in Texas, close in Ohio...`

Smart Money Smells Bear Market (at Forbes.com)
S&P: US home prices down sharply
Worries grow for worse 'stagflation'
Oil passes $101 on weaker dollar
More Americans Using Credit Ccards to Stay Afloat Sooner or later, when the easy credit is gone, there will be a collective howl as the heavily indebted middle class is turned out in the street in a modern version of the Grapes of Wrath.
Iraq war “caused slowdown in the US”
The March to War: USS Cole Gives War Jitters to Lebanon Lebanese PM Fouad Siniora said he did “not ask anyone to send warships.” But since when did the neocons need permission to dispatch warships or, for that matter, invade countries and kill hundreds of thousands of people?
International war criminal nation israel air strikes kills six Gaza resident civilians: medics
Report: Israeli occupation causes terror
International war criminal israeli strike kills baby
Israel kills 31 Palestinians in Gaza raid
International law violator/war criminal nation israeli War Crimes Minister Threatens Palestinian Holocaust
Gazan civilians, women, children under fire by bully war criminal israelis who got pasted by Hezbollah in israel’s illegal Lebanon invasion, anger at International war criminal nation israel mounts - By Nidal al-Mughrabi GAZA (Reuters) - Under the most intense Israeli bombardment in years, the people of Gaza took cover on Saturday, some comforting children caught in the firing line, many saying the onslaught may bolster support for Israel's Hamas ...
At Least 45 Killed in Israeli Strikes in Gaza New York Times
Warsaw Ghetto and Gaza: Disturbing Parallels I saw a photo last week of a father holding his 6-month-old baby son. The father’s face was devoid of expression; the child in his arms was dead…..
Israeli strikes kill 54 in Gaza as freedom fighters send off barrage of ... International Herald Tribune
Deadly Israeli Attacks Kill 52 GAZA CITY, 2 March 2008 — Israel killed 52 Gazans — including women and children — and injured more than a hundred in a ground incursion yesterday deep into the Gaza Strip, making Saturday the deadliest...
Israel pledges to press on with Gaza offensive Reuters - By Nidal al-Mughrabi GAZA (Reuters) - Israel vowed on Sunday to press on with a Gaza offensive and curb rocket strikes, threatening stronger action despite UN condemnation of assaults that have killed 100 Palestinians, many of them civilians.
U.N. chief condemns Israel after bloody day in Gaza
Israel's Gaza Attacks Raise Arab Anger ABC News - Intensified Israeli airstrikes and fighting between Israeli troops and Palestinian militants have left more than 100 Palestinians dead.
Palestinians Suspend Peace Talks With Israel Over Gaza Bloodshed Voice of America
Israeli City Shocked As Rockets Hit The Associated Press
Abbas Suspends Talks With Israel Over Gaza Offensive
Editorial: Defusing Gaza 3 March 2008 What Israel is doing to the Palestinians in Gaza can and should be called a war crime, genocide, and to borrow from the lexicon of one Israeli official, a holocaust. Israel has declared open season...
International war criminal nation israel returns to Gaza to sabotage peace efforts, embarrass their terrorism sponsor america as Rice pushes peace talks to resume CNN International - GAZA CITY (CNN) -- Israeli soldiers returned to southern Gaza on Tuesday hours after Secretary of State Condoleezza Rice appeared in the West Bank calling for Israelis and Palestinians to promptly resume peace talks.
ZOGBY: 70 percent of Americans believe Media out of touch... Sarkozy Le Pew backing neocon/bush lapdog phony Tony Blair's campaign to become first President of Europe...
Sicily Mafia 'restoring US links'
House of Cards: Consumers Turn to Credit Cards Amid Mortgage Crisis, Delaying Inevitable Defaults
Weak confidence, PPI jump stoke U.S. stagflation fear (Reuters)
Dollar slumps to record low beyond $1.50 to euro (Reuters)
...Euro Keeps on Climbing Against Dollar

McCain says he could lose over war issue

THE CLINTON BODY-COUNT Now that a Dallas police officer has died escorting Hillary Clinton’s motorcade, it is time to revisit the Clinton Body Count.
The Death of Vince Foster (he was having an affair with hillary clinton): What Really Happened? Evidence is presented that the death of White House Deputy Counsel Vince Foster was not a suicide.

Ex-DEA Head Admits CIA Imported Cocaine

WAR CRIMINAL DUMBYA BUSH AT NEW WELL DESERVED LOW APPROVAL RATING OF 18% ACCORDING TO LATEST POLL.

Economist Tells CNN: A New Great Depression is Coming
CNN | Economist John Williams: “It’s going to be the worst business cycle since the Great Depression.”

Buffett: US Economy In Recession

Bernanke: “You are all Dead Ducks” Banks are battered by subprime liabilities, housing is in the tank, manufacturing is down, food and energy are up, unemployment rising… All that’s missing is a trumpet blast and the arrival of the Four Horseman.
Media Ignores Many Reasons for Foreclosures Loss of good jobs through ‘free’ trade is just one of many reasons at heart of foreclosure epidemic.
Paulson’s Wild Ride on the Hindenburg: “The worst has just begun” The next shoe to drop will be rising unemployment. Layoff notices have already gone out in new construction, retail, car manufacturing and financial services.

FT: America's economy is the mother of all meltdowns...

Fed Issues Gloomy Economic Forecast

Fed Forecasts Higher Unemployment, Slower Growth...

Institutional Money Continues to Flow Out of Stocks (at Seeking Alpha)

Credit Crisis Losses Will Put Black Monday in the Shade (at Seeking Alpha)

Smart Money Smells Bear Market (at Forbes.com)

The Bush Financial Bust of 2008: “It’s All Downhill From Here, Folks”

There’s going to be an unprecedented wave of bank closures in the US and that people who want to hold on to their life savings are going have to be extra vigilant as the situation continues to deteriorate
Bush Administration Hides More Data, Shuts Down Website Tracking U.S. Economic Indicators

Watch Out for The Depression Colpitts warns “stimulus package will do little to help the ailing U.S. real estate market and millions of American homeowners at the brink of foreclosure”

Economy lost 63000 jobs in February International Herald Tribune - By Michael M. Grynbaum The economy shed 63000 jobs in February, the government said Friday, the fastest falloff in five years and the strongest evidence yet that the nation is in a recession.
The Real Financial Numbers Behind the Lies Real unemployment right now -- figured the way that the average person thinks of unemployment, meaning figured the way it was estimated back during the Great Depression -- is running about 12%. Real CPI right now is running at about 8%. And the real GDP probably is in contraction.
Oil Gyrates, but Hits New Record
Goldman Sachs: Oil May Reach $200 a Barrel
Dollar Heads for 4th Weekly Drop Versus Euro as U.S. Sheds Jobs

Bush, Congress hit new low in AP poll

The White House wants a $1.4 billion stimulus/national security package…for Mexico

Ex-DEA Head Admits CIA Imported Cocaine

Many believe the truth that US already in a recession

21 COUNTRIES MORE STABLE, PROSPEROUS THAN U.S. Michael Evans Times Online March 25, 2008 The United Kingdom has been ranked as one of the most stable and prosperous countries in the world, beating the United States, France and even Switzerland in a global assessment of every nation’s achievements and standards.A one-year investigation and analysis of 235 countries and dependent territories has put the UK joint seventh in the premier league of nations. The top ten comprise also the Vatican, Sweden, Luxembourg, Monaco, Gibraltar, San Marino, Liechtenstein, the Netherlands and the Irish Republic.The US lies 22nd and Switzerland, normally associated with wealth and untouchable stability, is rated 17th, losing points in the assessment of its social achievements. The bottom ten, surprisingly, do not include Iraq. They are listed as Gaza and the West Bank, Somalia, Sudan, Afghanistan, Ivory Coast, Haiti, Zimbabwe, Chad, the Democratic Republic of Congo and the Central African Republic.

OBAMA RELATED TO PITT, CLINTON TO JOLIE

By DENISE LAVOIE, Associated Press Writer

BOSTON - This could make for one odd family reunion: Barack Obama is a distant cousin of actor Brad Pitt, and Hillary Rodham Clinton is related to Pitt's girlfriend, Angelina Jolie.

Researchers at the New England Historic Genealogical Society found some remarkable family connections for the three presidential candidates — Democratic rivals Obama and Clinton, and Republican John McCain.

Clinton, who is of French-Canadian descent on her mother's side, is also a distant cousin of singers Madonna, Celine Dion and Alanis Morissette. Obama, the son of a white woman from Kansas and a black man from Kenya, can call six U.S. presidents, including George W. Bush, his cousins. McCain is a sixth cousin of first lady Laura Bush.

"You'd think with all that singing talent in the family she'd be able to carry a tune," Clinton's senior adviser Philippe Reines said. "But now it makes much more sense how she snagged a Grammy."

Clinton won for best spoken word Grammy in 1997 for "It Takes a Village." Obama also won a Grammy in that category this year for the audio version of his book, "The Audacity Of Hope: Thoughts On Reclaiming The American Dream."

Genealogist Christopher Child said that while the candidates often focus on pointing out differences between them, their ancestry shows they are more alike than they think.

"It shows that lots of different people can be related, people you wouldn't necessarily expect," Child said.

Obama has a prolific presidential lineage that features Democrats and Republicans. His distant cousins include President George W. Bush and his father, George H.W. Bush, Gerald Ford, Lyndon Johnson, Harry S. Truman and James Madison. Other Obama cousins include Vice President Dick Cheney, British Prime Minister Sir Winston Churchill and Civil War General Robert E. Lee.

Obama often jokes about his cousin Cheney at campaign appearances.

"His kinships are across the political spectrum," Child said.

Child has spent the last three years tracing the candidates' genealogy, along with senior research scholar Gary Boyd Roberts, author of the 1989 book, "Ancestors of American Presidents."

Clinton's distant cousins include beatnik author Jack Kerouac and Camilla Parker-Bowles, wife of Prince Charles of England.

McCain's ancestry was more difficult to trace because records on his relatives were not as complete as records for the families of Obama and Clinton, Child said.

Obama and President Bush are 10th cousins, once removed, linked by Samuel Hinkley of Cape Cod, who died in 1662.

Pitt and Obama are ninth cousins, linked by Edwin Hickman, who died in Virginia in 1769. Ben LaBolt, a spokesman for the Obama campaign, declined to comment on the senator's ancestry.

Clinton and Jolie are ninth cousins, twice removed, both related to Jean Cusson who died in St. Sulpice, Quebec, in 1718.

The New England Historic Genealogical Society, founded in 1845, is the oldest and largest nonprofit genealogical organization in the country.

My God, no wonder this country is so f**ked up!

"Truth is so obscure in these times, and falsehood so established, that, unless we love
the truth, we cannot know it." ----- Blaise Pascal

Bobby Fischer, Genius of Chess, Dies at 64 New York Times - Heinz Ducklau/AP Boris Spassky and Mr. Fischer met at the XIX World Chess Olympiad in Siegen, Germany in 1970. More Photos > By BRUCE WEBER Bobby Fischer, the Chicago-born, Brooklyn-bred genius who became one of the greatest chess players the world has ever known. Chess legend Bobby Fischer dies in Iceland Reuters
The Great champion raised profile of chess Houston Chronicle

DOW DIVES AS CREDIT CONCERNS MOUNT

US economic troubles not over yet - Barron's

Retail in a state of "anarchy" as consumers retreat

Retailers seen closing stores, paring growth

US Nov machine tool demand off from Oct

Bank earnings to show mortgage woes are spreading to other loans

Price Increases Create Supermarket Shock for Consumers, Strong Returns for Commodities Investors

Read Between Bernanke's Lines: Things Are Going To Get Worse
Democrats: Iraqi troop buildup they backed and funded a failure

Alisbright: Along with clinton bush 'One of the Worst Presidencies' in History...

CITIGROUP, MERRILL LYNCH Seek More Foreign Capital... Bernanke says Fed ready for aggressive cut...
RESCUE: BANK OF AMERICA in Talks to Acquire COUNTRYWIDE... Countrywide CEO angelo mozzillo should be required to disgorge his $100 million + compensation of the past several inlated, fraudulent years.
AMERICAN EXPRESS to Take $440 Million Charge; cardholders failed to repay debts...
Gold Hits Another Record...

Congress members for incompetence/jobs poorly done get $4,000 pay raise

New Book documents literal take-over of caleefornia towns by mob groups (ie., mexican mafia, etc.), as is increasingly so in other parts of the country and as occurred in entire states, viz., ie., new york, new jersey, etc., with older, established, entrenched mob groupsconcomitant with american decline.

Two Media/Journalism Organizations document over 900 instances of lies by bush/bushies to promote war in Iraq which encompasses and constitutes war crimes.

Kucinich seeks NH Dem vote recount
Kucinich: Surprise Hillary Victory A "Mystery That Needs To Be Solved"
RECOUNT - IS DENNIS KUCINICH WALKING INTO A TRAP? BEV HARRIS OP ED NEWS
Friday January 11, 2008 The election integrity community is abuzz with news that candidate Dennis Kucinich will ask for a recount in New Hampshire, and Ron Paul fans have been pushing him to recount as well. Careful.
NEW HAMPSHIRE ELECTION INTEGRITY ADVOCATE NANCY TOBI IS CORRECT: "We have no control over the ballot chain of custody and we have learned the pain from the 2004 Nader recount, in which only 11 districts were counted, chosen by a highly questionable person, and then nothing showed up. Now all we hear is how the Nader recount validated the machines." As Tobi says, "A candidate asking for a recount may well be a tool used to 'prove' everything was okay and then that candidate will be further discredited." I'll go further than that. The only way a recount makes any sense at all in New Hampshire is AFTER an assessment is made of the chain of custody issues. If the chain of custody isn't intact the recount won't be worth a cup of warm spit…..

The answer is: YES.
The criminal clinton/bush team/operatives are seasoned professionals (criminals) with their lives, liberty (they should be in jail), and huge prospective amounts money at stake. They are relentless, ruthless, and not entirely stupid; just lacking true inspired talent/ability, and hence, america’s unequivocal decline in their rein. For the same reason that the machines are the touchstones for the vote fraud, the answer is unequivocally: YES.

It has been reported that bush is back on the sauce. 1-11-08

Forget oil, the 'new global crisis is food'

US INFLATED CREDIT RATING UNDER THREAT FROM SOARING WELFARE COSTS

Tokyo Stocks Fall Again - Fed Outlook Hurts Dollar

NCB Wisely, Rationally Seeks Review of Riyal Peg to Dollar

Gold Hits Record $900 an Ounce

Price Increases Create Supermarket Shock for Consumers (that’s why the fed excludes same from their meaningless and irrelevant core rate of inflation), Strong Returns for Commodities Investors

Gold hits record high near $900 on rate cut hopes

SPEEDY SIDNEY: Clinton Advisor Blumenthal Arrested for 'Aggravated DWI'...

Israeli Party Fearful of Peace Threatens to Quit Govt Daaaaah! Always an excuse. Who could have seen that coming…..riiiiight!
As with and to provide balance to the misguided Balfour Declaration, time to impose the resolution, two-state plan.

Editorial: Shifting Economic Axis

Jobless Rate Hits 5%; 2-Year High

Stocks Drop

Bush 9/11 Whitewash Commission: CIA Obstructed Investigation

Bush Tells Israel to Dismantle Outposts

Govt Expects 30% Rise in Food Prices

`Hillary Booed at NH Dem Party Dinner...`

`Edwards: The Clintons have no conscience...`

`Clinton Advisor Blumenthal Arrested for 'Aggravated DWI'...`

PAPER: bush-clinton-bush Dynasty Loses Grip on Dem Party

`CLINTON SUPPORTERS SUE TO DISRUPT NEVADA CAUCUS... ...`

Denying WHO Membership to Taiwan Is a Gross Injustice

Waterboarding would be torture to me: U.S. spy chief

Events That Do Not Bode Well for 2008

Israel’s Quiet War While Ehud Olmert and Abu Mazen were duplicitously wheeling and dealing at Annapolis, several Israeli government ministries and security agencies were deploying their combined resources in a massive war operation aimed at thwarting the peace process...

Israel Kills 9 in Gaza

CIA-ISI Created “Qaeda Network” Blamed for Pakistan Troubles

In Another One of Many Blunders (will the israelis sell same to ie., China as they did with missile/other/related technology, info, etc.) israel to have access to U.S. National Ballistic Missile Defense System

Israel to assassinate Haniya: Report

Israeli Airstrikes Leave 7 Dead in Gaza

Knesset Report Blasts Israeli Military Failure

Countdown: Mobman giuliani Making Millions From Data Mining Company

2007 deadliest for US troops in Iraq

Edwards Takes An Unequivocal Stand: All Troops Out In 10 Months...

SHOCK: ORGANS TO BE TAKEN WITHOUT CONSENT IN UK...

Olmert’s Latest Excuse to Thwart Peace Process: Continuing war criminal israeli murders/assinations/illegal ocupation While Disingenuously Pressing PA to Take Steps for Fighting Terror
Israel: Biggest Single Self-destructive Irony of Western History Perhaps the biggest single self-destructive irony of Western history is best understood by standing in the town square of Bethlehem, allowing one’s gaze to pass over the roof top of the church that covers the stable where Jesus was supposedly born, and let one’s eye drift into the blue sky beyond and thinking: How on earth could it be that the Christians, whose belief in the divine center around Jesus’ crucifixion carried out by Roman soldiers but done at the behest of the Jewish populace, could turn round nearly two millennia later and say to the Jews in effect: We buy the argument that you are God’s chosen people and this land is your land and we are going to turn it over to you as your “national home”, even though the Arabs or their forefathers have been living here since the Romans kicked the Jews out of Babylon after demolishing the Temple in AD 70. This is what British foreign secretary, Arthur Balfour, did in his famous Declaration, strongly backed by Prime Minister Lloyd George, a religious man who saw the Jewish cause as one that must be supported by Christian charity…..
US Must Re-Evaluate Its Self-destructive Relationship With Israel

EDITORIAL: REALISM IN WASHINGTON After countless unsuccessful efforts to push Iraqis toward various political, economic and security goals, Washington is now shifting gear and, in fact, going in reverse.….The Bush administration has recently arrived at this formula not out of humility but out of desperation due to the failure of its past efforts. It is beginning to understand that Iraq needs to find an Iraqi solution to an American-made problem.

PELOSI REBUKES CONGRESSMAN FOR INFLAMMATORY GODFATHER BUSH COMMENTS..LEAVE HER GODFATHER ALONE SAYS GUINEA PELOSI…..Pelosimafiosi Claims She Has No Power to End Occupation, Promises CNN She'll Never Go Against the Don Godfather bush, Is all talk/show, incompetent, and doesn’t know what she’s doing, but would never Impeach her godfather bush, but lies blaming the lack of votes to end occupation when the truth is that she herself has the constitutional power to prevent any bill funding the war from coming to the floor for vote. Yes there is a woman in the house (her words-yes, she's added gourmet foods to the congressional cafeteria), lest we need to be reminded that she has no balls, literally and figuratively.

N.Korea calls U.S. "criminals" days after Bush letter

This Year's Lack of Reason Beyond Greed, Blood-Lust is the war criminal bush/american Reason

Judicial Watch List of “Ten Most Wanted Corrupt Politicians” for 2007Judicial Watch | January 1, 2008
Washington, DC –Judicial Watch, the public interest group that investigates and prosecutes government corruption, today released its 2007 list of Washington’s “Ten Most Wanted Corrupt Politicians.” The list, in alphabetical order, includes:
1. Senator Hillary Rodham Clinton (D-NY): In addition to her long and sordid ethics record, Senator Hillary Clinton took a lot of heat in 2007 – and rightly so – for blocking the release her official White House records. Many suspect these records contain a treasure trove of information related to her role in a number of serious Clinton-era scandals. Moreover, in March 2007, Judicial Watch filed an ethics complaint against Senator Clinton for filing false financial disclosure forms with the U.S. Senate (again). And Hillary’s top campaign contributor, Norman Hsu, was exposed as a felon and a fugitive from justice in 2007. Hsu pleaded guilt to one count of grand theft for defrauding investors as part of a multi-million dollar Ponzi scheme.
2. Rep. John Conyers (D-MI): Conyers reportedly repeatedly violated the law and House ethics rules, forcing his staff to serve as his personal servants, babysitters, valets and campaign workers while on the government payroll. While the House Ethics Committee investigated these allegations in 2006, and substantiated a number of the accusations against Conyers, the committee blamed the staff and required additional administrative record-keeping and employee training. Judicial Watch obtained documentation in 2007 from a former Conyers staffer that sheds new light on the activities and conduct on the part of the Michigan congressman, which appear to be at a minimum inappropriate and likely unlawful. Judicial Watch called on the Attorney General in 2007 to investigate the matter.
3. Senator Larry Craig (R-ID): In one of the most shocking scandals of 2007, Senator Craig was caught by police attempting to solicit sex in a Minneapolis International Airport men’s bathroom during the summer. Senator Craig reportedly “sent signals” to a police officer in an adjacent stall that he wanted to engage in sexual activity. When the police officer showed Craig his police identification under the bathroom stall divider and pointed toward the exit, the senator reportedly exclaimed 'No!'” When asked to produce identification, Craig presented police his U.S. Senate business card and said, “What do you think of that?” The power play didn’t work. Craig was arrested, charged and entered a guilty plea. Despite enormous pressure from his Republican colleagues to resign from the Senate, Craig refused.
4. Senator Diane Feinstein (D-CA): As a member of the Senate Appropriations Committee's subcommittee on military construction, Feinstein reviewed military construction government contracts, some of which were ultimately awarded to URS Corporation and Perini, companies then owned by Feinstein's husband, Richard Blum. While the Pentagon ultimately awards military contracts, there is a reason for the review process. The Senate's subcommittee on Military Construction's approval carries weight. Sen. Feinstein, therefore, likely had influence over the decision making process. Senator Feinstein also attempted to undermine ethics reform in 2007, arguing in favor of a perk that allows members of Congress to book multiple airline flights and then cancel them without financial penalty. Judicial Watch’s investigation into this matter is ongoing.
5. Former New York Mayor Rudy Giuliani (R-NY): Giuliani came under fire in late 2007 after it was discovered the former New York mayor’s office “billed obscure city agencies for tens of thousands of dollars in security expenses amassed during the time when he was beginning an extramarital relationship with future wife Judith Nathan in the Hamptons…” ABC News also reported that Giuliani provided Nathan with a police vehicle and a city driver at taxpayer expense. All of this news came on the heels of the federal indictment on corruption charges of Giuliani’s former Police Chief and business partner Bernard Kerik, who pleaded guilty in 2006 to accepting a $165,000 bribe in the form of renovations to his Bronx apartment from a construction company attempting to land city contracts.
6. Governor Mike Huckabee (R-AR): Governor Huckabee enjoyed a meteoric rise in the polls in December 2007, which prompted a more thorough review of his ethics record. According to The Associated Press: “[Huckabee’s] career has also been colored by 14 ethics complaints and a volley of questions about his integrity, ranging from his management of campaign cash to his use of a nonprofit organization to subsidize his income to his destruction of state computer files on his way out of the governor’s office.” And what was Governor Huckabee’s response to these ethics allegations? Rather than cooperating with investigators, Huckabee sued the state ethics commission twice and attempted to shut the ethics process down.
7. I. Lewis “Scooter” Libby: Libby, former Chief of Staff to Vice President Dick Cheney, was sentenced to 30 months in prison and fined $250,000 for lying and obstructing the Valerie Plame CIA leak investigation. Libby was found guilty of four felonies -- two counts of perjury, one count of making false statements to the FBI and one count of obstructing justice – all serious crimes. Unfortunately, Libby was largely let off the hook. In an appalling lack of judgment, President Bush issued “Executive Clemency” to Libby and commuted the sentence.
8. Senator Barack Obama (D-IL): A “Dishonorable Mention” last year, Senator Obama moves onto the “ten most wanted” list in 2007. In 2006, it was discovered that Obama was involved in a suspicious real estate deal with an indicted political fundraiser, Antoin “Tony” Rezko. In 2007, more reports surfaced of deeper and suspicious business and political connections It was reported that just two months after he joined the Senate, Obama purchased $50,000 worth of stock in speculative companies whose major investors were his biggest campaign contributors. One of the companies was a biotech concern that benefited from legislation Obama pushed just two weeks after the senator purchased $5,000 of the company’s shares. Obama was also nabbed conducting campaign business in his Senate office, a violation of federal law.
9. Rep. Nancy Pelosi (D-CA): House Speaker Nancy Pelosi, who promised a new era of ethics enforcement in the House of Representatives, snuck a $25 million gift to her husband, Paul Pelosi, in a $15 billion Water Resources Development Act recently passed by Congress. The pet project involved renovating ports in Speaker Pelosi's home base of San Francisco. Pelosi just happens to own apartment buildings near the areas targeted for improvement, and will almost certainly experience a significant boost in property value as a result of Pelosi's earmark. Earlier in the year, Pelosi found herself in hot water for demanding access to a luxury Air Force jet to ferry the Speaker and her entourage back and forth from San Francisco non-stop, in unprecedented request which was wisely rejected by the Pentagon. And under Pelosi’s leadership, the House ethics process remains essentially shut down – which protects members in both parties from accountability.
10. Senator Harry Reid (D-NV): Over the last few years, Reid has been embroiled in a series of scandals that cast serious doubt on his credibility as a self-professed champion of government ethics, and 2007 was no different. According to The Los Angeles Times, over the last four years, Reid has used his influence in Washington to help a developer, Havey Whittemore, clear obstacles for a profitable real estate deal. As the project advanced, the Times reported, “Reid received tens of thousands of dollars in campaign contributions from Whittemore.” Whittemore also hired one of Reid’s sons (Leif) as his personal lawyer and then promptly handed the junior Reid the responsibility of negotiating the real estate deal with federal officials. Leif Reid even called his father’s office to talk about how to obtain the proper EPA permits, a clear conflict of interest.
Judicial Watch is a 501(c)(3) non-profit organization. Judicial Watch neither supports nor opposes candidates for public office. For more information, visit www.judicialwatch.org.

Peres: Iran war not necessary

Pakistan Readies Bhutto Funeral; Democracy Imperiled...
Red alert...
CHAOS: Police tear gas protesters...

Census: A new migrant every 30 seconds...

Every One of Them Has Martyrs in Family

How US policy makers unknowingly harm the USA
two questions become important here: 1. Why would US policy makers knowingly mislead or misstate facts to the American public. 2. And if it is true that they are misleading the public, then is this good or not.
Regional-USA, Analysis, 12/11/2007

Israeli Raid Leaves Seven More Dead

Editorial: Plunder by the criminal americans of Iraqi of Heritage

Israel assassinate several Palestinians
They added that Husam Abu Habel, Mohammed al-Trmasi, Usama Yassin and Sameer Baker were killed on the spot as they were performing dawn prayers in al-Tawaba mosque in Jabalya town and their bodies reached Kamal Edwan hospital as scattered into pieces. While five citizens were wounded, one is seriously.
Palestine-Israel, Politics, 12/18/2007
Quarter of Israeli troops in West Bank witness to abuse: report - Yahoo
Palestine-Israel, Politics, 12/18/2007
Mideast Teams Begin Peace Talks - NY Times
Palestine-Israel, Politics, 12/18/2007
No Plans for Pope to Visit Israel - Yahoo
Palestine-Israel-Vatican, Politics, 12/18/2007
Aiming to Translate Politics Into Hope for Palestinians - NY Times
Palestine, Politics, 12/18/2007
Sealed Off by Israel, Gaza Reduced to Beggary - Washington Post
Palestine-Israel, Politics, 12/18/2007
US: Iran has stopped nuclear weapons development
The National Intelligence Council has made public the summary of a report on Iran's intentions regarding nuclear weapons. The report released early this month states that Iran had stopped work on design for nuclear weapons since several years.
Iran-UN, Politics, 12/11/2007

European Union recognizes Iran's right to nuclear energy
Leader's representative to the Supreme National Security Council Ali Larijani said Monday that he was totally against Iran leaving NPT. "I am totally against the country leaving NPT and believe that if the treaty is well implemented it will be in favor of global peace," said Larijani at a press conference on Monday.
Iran-UN, Politics, 12/11/2007

Egyptian support to Iran's nuclear rights
Head of Egypt's interest section in Tehran, Iran, Amr al-Ziat on Sunday submitted to Deputy Foreign Minister for Arab-African Affairs Reza Baqeri a written message from Egyptian Foreign Minister Ahmed Abul Gheit for his Iranian counterpart Manouchehr Mottaki.
Egypt-Iran, Politics, 12/11/2007

7 killed, 70 arrested in Israeli attack on Khan Younis
The death toll today mounted to seven Palestinians in the ongoing Israeli offensive in the Gaza Strip city of Khan Younis. Medical sources said.
Palestine-Israel, Military, 12/11/2007

Abbas: Israel wants to thwart talks before they start
Spokesman of Palestinian Presidency Nabil Abu Rdeieneh, today accused Israel of trying to thwart final status talks due to kick off Wednesday by launching offensive against the Gaza Strip.
Palestine-Israel, Politics, 12/11/2007

Turkey condemns Israeli settlement expansion
"News of the planned new settlements in east Jerusalem has shocked the world because it is a very blatant violation of the decisions made at the Middle East Peace Conference in Annapolis last month," Gul told reporters in Ankara at a press conference with Jordan's King Abdullah.
Israel-Turkey, Politics, 12/11/2007

Larijani: US proposed missile shield aims to take gulf states' wealth
The Iranian Supreme Leader's representative to the Supreme National Security Council Ali Larijani said yesterday that the US has raised the idea of setting up a missile shield in the Persian Gulf in order to plunder the Arab Gulf states' wealth.
Regional-Iran-USA, Politics, 12/11/2007

US criticises Israeli homes plan
Palestine-Israel-USA, Politics, 12/11/2007

Israel Settlement Move Against Annapolis: Saud

Israeli Operation Kills Six in Gaza

Alexander Tytler: "The average age of the world's greatest civilizations has been two hundred years JonesReport.com | 12-4-07
"The average age of the world's greatest civilizations has been two
hundred years. These nations have progressed through this sequence: from
bondage to spiritual faith; from spiritual faith to great courage; from
courage to liberty; from liberty to abundance; from abundance to
selfishness; from selfishness to complacency; from complacency to
apathy; from apathy to dependence; from dependency back again into
bondage."-- Alexander Tytler

Andrew Jackson: "There are no necessary evils in government. Its evils exist only in its abuses."

Victim: Gang-Rape Cover-Up by U.S., Halliburton/KBR

Poland does not need U.S. missile defense base - ex-PM

NASA 'on target for return to the moon for the first time by 2020'…..riiiiight!.....UFOetry: We (U.S.) Never Went To The Moon - The Award-Winning Documentary/Music/Video by John Lee
'The Mother of All Frauds'

Reuters House prices seen falling 30 pct 12- 6-07 By Julie Haviv NEW YORK (Reuters) - Housing markets from Punta Gorda, Florida, to Stockton, California, will crash and suffer price drops of more than 30 percent before the housing crisis is over, a report from Moody's Economy.com said on Thursday. On a national level, the housing market recession will continue through early 2009, said the report, co-authored by Mark Zandi, chief economist, and Celia Chen, director of housing economics. The report paints a worsening picture of the hard-hit housing sector, which is in the midst of its worst downturn since World War II. While activity will stabilize in 2009, it will not be until 2010 before a measurable improvement in sales, construction and pricing will emerge, the report said…..

(12-10-07) The market started the week on a bulls**tish note, aided by a financial sector that rallied again on the back of news about capital infusions (good money after bad) despite write-downs/losses in the financial sector, ie., UBS, MBIA, etc.. Another fake report from the gov’t also helped the fraud. Already sugar coated fake data/news/reports have been as bad as could be and far worse than expected by the fed leading to new bull s**t fraud-facilitating talking point, viz., interest rate cut expectations despite worthless dollar and much higher than reported inflation, 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.), dollar at/near record lows, consumer confidence down, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, oil price drop on “less demand” (riiiiight) rallied oil stocks (suuuuure) (11-30-07), deficits, fake/false government reports/data, expectation of rate cut because things are so bad despite higher than reported inflation and negative effect on worthless dollar, etc., all to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. 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.

UK PRIME MINISTER TELLS TROOPS: WAR IS OVER

State Dept.'s chief watchdog resigns Los Angeles Times - Krongard, the inspector general accused of thwarting Blackwater inquiries resigns to keep the cover-ups rolling.

Editorial: Obstruction of Justice at CIA At Odds

More Evidence of Obstruction of Justice in 9/11 Investigation

Poll: Nearly half of Hudson residents blame feds for 9/11

Secret DoJ Legal Memos: War criminal and moron dumbya bush Determines What Is Constitutional

Cartel Heads Greenspan and Welch Confronted Over Grossly Concentrated Power

Judith Giuliani had police protection before affair was public

PAPER: Huckabee issued more commutations, pardons than all six neighboring states combined

CIA admits destroying interrogation tapes

US Questions Jewish Settlement Move

(12-07-07) Awe shucks say frauds on wall street; if only the fake gov’t report on jobs came in at 93,998 thousand jobs created instead of way beyond economist estimates, 94,000, a half instead of quarter point interest rate reduction would have been assured, consumer confidence down, as so called (drop in the bucket/b.s. talking point) ‘plan’ appears only to look at other than the root/fraud and the source of recompense through prosecutions/disgorgement with the people now ‘holding the bag’ via pension, 401K plans, etc., 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.)

Alexander Tytler: "The average age of the world's greatest civilizations has been two hundred years JonesReport.com | 12-4-07
"The average age of the world's greatest civilizations has been two
hundred years. These nations have progressed through this sequence: from bondage to spiritual faith; from spiritual faith to great courage; from
courage to liberty; from liberty to abundance; from abundance to
selfishness; from selfishness to complacency; from complacency to
apathy; from apathy to dependence; from dependency back again into
bondage."-- Alexander Tytler

Paul Craig Roberts On America's Declining Superpower Status

Bush Administration Credibility Suffers After Iran NIE Report

House prices seen falling 30 pct

Reuters House prices seen falling 30 pct 12- 6-07 By Julie Haviv NEW YORK (Reuters) - Housing markets from Punta Gorda, Florida, to Stockton, California, will crash and suffer price drops of more than 30 percent before the housing crisis is over, a report from Moody's Economy.com said on Thursday. On a national level, the housing market recession will continue through early 2009, said the report, co-authored by Mark Zandi, chief economist, and Celia Chen, director of housing economics. The report paints a worsening picture of the hard-hit housing sector, which is in the midst of its worst downturn since World War II. While activity will stabilize in 2009, it will not be until 2010 before a measurable improvement in sales, construction and pricing will emerge, the report said…..

(12-06-07) Lower dollar, higher oil prices rally stocks as so called (drop in the bucket/b.s. talking point) ‘plan’ appears only to look at other than the root/fraud and the source of recompense through prosecutions/disgorgement with the people now ‘holding the bag’ via pension, 401K plans, etc.. They’re dreamin’! (12-05-07) Despite economists expectations of 60,000 new jobs, 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 plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure in excess of 3 times said amount (189,000), all othe news negative, dollar at/near record lows, consumer confidence down, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, oil price drop on “less demand” (riiiiight) rallies oil stocks (suuuuure), deficits, fake/false government reports/data, expectation of rate cut because things are so bad despite higher than reported inflation and negative effect on worthless dollar, etc., but newest bull s**t talking points, viz., ie., economists expectations of 60,000 new jobs topped by 3 times with false data from ADP, expectations of interest rate cut, $7.5 billion cash infusion from Abu Dhabi (a mere drop in the bucket relative to the magnitude of the problem) and bull s**t alone, sparks lunatics’/suckers’ bear market rally/dead dog bounce into the close (11-30-07) Already sugar coated fake data/news/reports as bad as could be and far worse than expected by the fed leading to new bull s**t fraud-facilitating talking point, viz., interest rate cut expectations despite worthless dollar and much higher than reported inflation, 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.), dollar at/near record lows, consumer confidence down, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, oil price drop on “less demand” (riiiiight) rallies oil stocks (suuuuure) (11-30-07), deficits, fake/false government reports/data, expectation of rate cut because things are so bad despite higher than reported inflation and negative effect on worthless dollar, etc., but newest bull s**t talking point, viz., $7.5 billion cash infusion from Abu Dhabi (a mere drop in the bucket relative to the magnitude of the problem) and bull s**t alone, sparks lunatics’/suckers’ bear market rally/dead dog bounce into the close (11-29-07) to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. 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.

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.

CNN: Seymour Hersh 'vindicated' by new Iran intel estimate

Two-thirds of Israelis oppose attack on Iran: poll

Bush told in Aug Iran may have halted nuclear program

Iran is not 'imminent threat': UN nuclear watchdog

SEASON'S BEATINGS from drudgereport.com:

Thugs Bash Boy Scouts With Shotgun to Steal Christmas Tree Money...

Woman viciously attacked by 9 students on Baltimore bus...

Boston Firefighter Stabbed: 'Don't want any gringo here'...

And murders: Nine dead in Nebraska mall shooting

Don’t forget: Criminal america has the highest crime rates in the world. No other so-called ‘civilized’ nation even comes close.

Mob boss swallowed secrets before dying like a dog at the hands of Italian Police.....

"The average age of the world's greatest civilizations has been two hundred years... from bondage to spiritual faith; to liberty; to abundance to selfishness; from selfishness to complacency and back again into bondage"

Sen. Webb: Bush using 'fear tactics' for more war funding

Dem rivals assail Clinton on More of the Same bucsham Iran vote

House prices 'will plummet by 10pc over the next year', says banking chief economist

Credit and economic woes sink Wall Street

National debt grows $1 million a minute

Americans enslaved – It’s mathematically impossible to repay all debt.

House Dems Schedule: Five-Day Work Week Only Three Times in '08...

National Debt Grows $1 Million a Minute...

Report contradicts Bush on Iran nuclear program

U.S. soldiers shoot 4 Iraqi civilians, one killed

US Military Deaths in Iraq at 3882

New report ranks US teens 29th in science worldwide Christian Science Monitor - By Amanda Paulson | Staff writer of The Christian Science Monitor Chicago - The United States lags behind most other developed countries when it comes to science education.
UK plummets in world rankings for maths and reading Guardian Unlimited
Reading and maths standards falling in Britain, says OECD Independent

Editorial: Bomb That Was Not

Abdallah Calls on Israel to Quit Arab Lands

(12-05-07) Despite economists expectations of 60,000 new jobs, 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 plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure in excess of 3 times said amount (189,000), all of the news negative, dollar at/near record lows, consumer confidence down, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, oil price drop on “less demand” (riiiiight) rallies oil stocks (suuuuure), deficits, fake/false government reports/data, expectation of rate cut because things are so bad despite higher than reported inflation and negative effect on worthless dollar, etc., but newest bull s**t talking points, viz., ie., economists expectations of 60,000 new jobs topped by 3 times with false data from ADP, expectations of interest rate cut, $7.5 billion cash infusion from Abu Dhabi (a mere drop in the bucket relative to the magnitude of the problem) and bull s**t alone, sparks lunatics’/suckers’ bear market rally/dead dog bounce into the close (11-30-07) Already sugar coated fake data/news/reports as bad as could be and far worse than expected by the fed leading to new bull s**t fraud-facilitating talking point, viz., interest rate cut expectations despite worthless dollar and much higher than reported inflation, 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.), dollar at/near record lows, consumer confidence down, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, oil price drop on “less demand” (riiiiight) rallies oil stocks (suuuuure) (11-30-07), deficits, fake/false government reports/data, expectation of rate cut because things are so bad despite higher than reported inflation and negative effect on worthless dollar, etc., but newest bull s**t talking point, viz., $7.5 billion cash infusion from Abu Dhabi (a mere drop in the bucket relative to the magnitude of the problem) and bull s**t alone, sparks lunatics’/suckers’ bear market rally/dead dog bounce into the close (11-29-07) to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. 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.

(12-04-07) Earnings Recession Has Arrived U.S. corporate profits are in a recession, and the entire economy can not be far behind. Slower sales and higher energy and labor costs are forcing companies from Bear Stearns Cos. to Pitney Bowes Inc. to reduce spending and hiring. Their efforts to keep earnings from eroding even further raise the risk that the economy, already weakened by the steepest housing slide since 1991, may shrink sometime next year. ‘The earnings recession has already arrived, says David Rosenberg, North America economist for Merrill Lynch & Co. in New York. We are going to see an economic recession in '08.…..’

National debt grows $1 million a minute

Americans enslaved – It’s mathematically impossible to repay all debt.

Young Chimp Beats College Students... NEW YORK (AP) - Think you're smarter than a fifth-grader? How about a 5-year-old chimp? Japanese researchers pitted young chimps against human adults in tests of short-term memory, and overall, the chimps won…..

Fleischer Contradicts Rove: We ‘Determined The Timing,’ Karl ‘Just Has His Facts Wrong’ On Iraq War and his false assertions are Outlandish/Preposterous on their face though Democrats are also complicit/culpable facilitators/pro-israel/israel lobby shills like the neo-con republican war mongers, who must be held accountable for the debacle in Iraq

National Debt Grows $1 Million a Minute...

Dear Deluded Mass Media, North American Union Agenda Exists

Report contradicts Bush on Iran nuclear program

USATODAYGALLUP Poll: Significant drops in support for Clinton & Giuliani...

Abdallah Calls on Israel to Quit Arab Lands

Ron Paul on the House of Cards

Israeli Airstrike in Gaza Kills 6 Palestinians-so much for war criminal israels fake peace talks probably done for u.s. money the u.s. doesn’t have…..s

CIA Used Jordan to Detain Suspects

Iowa Christian Alliance President: 'Bloodbath At Polls' If Rudy Nominated...

CHANGE confronts John Ashcroft on Sibel Edmonds Gagging, Torture Semantics

PAPER: Dems knew about waterboarding in 2002...

Report: Rudy has business ties to 9/11 facilitator

House prices fall at the fastest rate in 12 years fuelling fears of property crash

IMF warns of 'perfect storm' that could drag The West into recession

AMF Chief Rationally Urges GCC States to Drop Tumbling Worthless Dollar Peg

CAN SHE BEAT THEM? New poll shows Clinton trails top '08 Republicans...

Giuliani billed obscure agencies for trips

Clinton I haven't considered possibility of losing Dem nomination

NYC Fire Chief: Giuliani 'Not a Hero' 'He Ran That Day'

Hillary Takes Cash From Recipients of Husband's Controversial Pardons
“While Bill Clinton was in Ireland to Fundraise for Hillary and the continuation of the Bush/Clinton dynasty, We Are Change Ireland tried to confront him,” a blurb on YouTube explains. “Clinton didn’t get out of his vehicle and walk down the ‘runway’… but he got the message loud and clear that everybody is waking up to the New World Order jig.”

Novak: Hillary's Nixonian Tactics Against Obama...

Giuliani shows abortion danger for Republicans

Former Governor Tries to Gloss Over Ark. Record...

'Taxes funded Rudy Giuliani love trysts'

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Impeach George Bush and Dick Cheney

Congress should impeach President Bush and Vice President Cheney for the following reasons:

1) The Offense of Lying and Inducing America to Support a War

President Bush and Vice President Cheney intentionally misled the Congress and the American people regarding the threat from Iraq in order to justify a war against Iraq, and intentionally conspired with others to defraud the United States in connection with the war against Iraq in violation of Title 18 United States Code, Section 371.

2) The Offense of Reckless Indifference to the Lives and Welfare of American Troops

President Bush and Vice President Cheney failed to provide US soldiers with bulletproof vests or appropriately-armored vehicles and had no serious plan for the aftermath of the war, thus demonstrating a complete disregard for the welfare of the troops and the need for proper governance of a country after occupation. The result has been a never-ending war that will cost U.S. taxpayers over $1 trillion with over 3,000 U.S. soldiers killed and over 21,000 wounded.

3) The Offense of Torture in Violation of U.S. Laws and Treaties

President Bush and Vice President Cheney conspired to commit the torture of prisoners in violation of the "Federal Torture Act," Title 18 United States Code, Section 113C, the UN Torture Convention and the Geneva Convention.

4) The Offense of Wiretapping Surveillance in Defiance of the Law

President Bush and Vice President Cheney admitted to ordering the National Security Agency to conduct electronic surveillance of American civilians without seeking warrants from the Foreign Intelligence Surveillance Court of Review, duly constituted by Congress in 1978, in violation of Title 50 United States Code, Section 1805.

Fascist America, in 10 easy steps

From Hitler to Pinochet and beyond, history shows there are certain steps that any would-be dictator must take to destroy constitutional freedoms. And, argues Naomi Wolf, George Bush and his administration have taken them all Naomi Wolf

Last autumn, there was a military coup in Thailand. The leaders of the coup took a number of steps, rather systematically, as if they had a shopping list. In a sense, they did. Within a matter of days, democracy had been closed down: the coup leaders declared martial law, sent armed soldiers into residential areas, took over radio and TV stations, issued restrictions on the press, tightened some limits on travel, and took certain activists into custody.

They were not figuring these things out as they went along. If you look at history, you can see that there is essentially a blueprint for turning an open society into a dictatorship. That blueprint has been used again and again in more and less bloody, more and less terrifying ways. But it is always effective. It is very difficult and arduous to create and sustain a democracy - but history shows that closing one down is much simpler. You simply have to be willing to take the 10 steps.

As difficult as this is to contemplate, it is clear, if you are willing to look, that each of these 10 steps has already been initiated today in the United States by the Bush administration.

Because Americans like me were born in freedom, we have a hard time even considering that it is possible for us to become as unfree - domestically - as many other nations. Because we no longer learn much about our rights or our system of government - the task of being aware of the constitution has been outsourced from citizens' ownership to being the domain of professionals such as lawyers and professors - we scarcely recognise the checks and balances that the founders put in place, even as they are being systematically dismantled. Because we don't learn much about European history, the setting up of a department of "homeland" security - remember who else was keen on the word "homeland" - didn't raise the alarm bells it might have.

It is my argument that, beneath our very noses, George Bush and his administration are using time-tested tactics to close down an open society. It is time for us to be willing to think the unthinkable - as the author and political journalist Joe Conason, has put it, that it can happen here. And that we are further along than we realise.

Conason eloquently warned of the danger of American authoritarianism. I am arguing that we need also to look at the lessons of European and other kinds of fascism to understand the potential seriousness of the events we see unfolding in the US.

1. Invoke a terrifying internal and external enemy

After we were hit on September 11 2001, we were in a state of national shock. Less than six weeks later, on October 26 2001, the USA Patriot Act was passed by a Congress that had little chance to debate it; many said that they scarcely had time to read it. We were told we were now on a "war footing"; we were in a "global war" against a "global caliphate" intending to "wipe out civilisation". There have been other times of crisis in which the US accepted limits on civil liberties, such as during the civil war, when Lincoln declared martial law, and the second world war, when thousands of Japanese-American citizens were interned. But this situation, as Bruce Fein of the American Freedom Agenda notes, is unprecedented: all our other wars had an endpoint, so the pendulum was able to swing back toward freedom; this war is defined as open-ended in time and without national boundaries in space - the globe itself is the battlefield. "This time," Fein says, "there will be no defined end."

Creating a terrifying threat - hydra-like, secretive, evil - is an old trick. It can, like Hitler's invocation of a communist threat to the nation's security, be based on actual events (one Wisconsin academic has faced calls for his dismissal because he noted, among other things, that the alleged communist arson, the Reichstag fire of February 1933, was swiftly followed in Nazi Germany by passage of the Enabling Act, which replaced constitutional law with an open-ended state of emergency). Or the terrifying threat can be based, like the National Socialist evocation of the "global conspiracy of world Jewry", on myth.

It is not that global Islamist terrorism is not a severe danger; of course it is. I am arguing rather that the language used to convey the nature of the threat is different in a country such as Spain - which has also suffered violent terrorist attacks - than it is in America. Spanish citizens know that they face a grave security threat; what we as American citizens believe is that we are potentially threatened with the end of civilisation as we know it. Of course, this makes us more willing to accept restrictions on our freedoms.

2. Create a gulag

Once you have got everyone scared, the next step is to create a prison system outside the rule of law (as Bush put it, he wanted the American detention centre at Guantánamo Bay to be situated in legal "outer space") - where torture takes place.

At first, the people who are sent there are seen by citizens as outsiders: troublemakers, spies, "enemies of the people" or "criminals". Initially, citizens tend to support the secret prison system; it makes them feel safer and they do not identify with the prisoners. But soon enough, civil society leaders - opposition members, labour activists, clergy and journalists - are arrested and sent there as well.

This process took place in fascist shifts or anti-democracy crackdowns ranging from Italy and Germany in the 1920s and 1930s to the Latin American coups of the 1970s and beyond. It is standard practice for closing down an open society or crushing a pro-democracy uprising.

With its jails in Iraq and Afghanistan, and, of course, Guantánamo in Cuba, where detainees are abused, and kept indefinitely without trial and without access to the due process of the law, America certainly has its gulag now. Bush and his allies in Congress recently announced they would issue no information about the secret CIA "black site" prisons throughout the world, which are used to incarcerate people who have been seized off the street.

Gulags in history tend to metastasise, becoming ever larger and more secretive, ever more deadly and formalised. We know from first-hand accounts, photographs, videos and government documents that people, innocent and guilty, have been tortured in the US-run prisons we are aware of and those we can't investigate adequately.

But Americans still assume this system and detainee abuses involve only scary brown people with whom they don't generally identify. It was brave of the conservative pundit William Safire to quote the anti-Nazi pastor Martin Niemöller, who had been seized as a political prisoner: "First they came for the Jews." Most Americans don't understand yet that the destruction of the rule of law at Guantánamo set a dangerous precedent for them, too.

By the way, the establishment of military tribunals that deny prisoners due process tends to come early on in a fascist shift. Mussolini and Stalin set up such tribunals. On April 24 1934, the Nazis, too, set up the People's Court, which also bypassed the judicial system: prisoners were held indefinitely, often in isolation, and tortured, without being charged with offences, and were subjected to show trials. Eventually, the Special Courts became a parallel system that put pressure on the regular courts to abandon the rule of law in favour of Nazi ideology when making decisions.

3. Develop a thug caste

When leaders who seek what I call a "fascist shift" want to close down an open society, they send paramilitary groups of scary young men out to terrorise citizens. The Blackshirts roamed the Italian countryside beating up communists; the Brownshirts staged violent rallies throughout Germany. This paramilitary force is especially important in a democracy: you need citizens to fear thug violence and so you need thugs who are free from prosecution.

The years following 9/11 have proved a bonanza for America's security contractors, with the Bush administration outsourcing areas of work that traditionally fell to the US military. In the process, contracts worth hundreds of millions of dollars have been issued for security work by mercenaries at home and abroad. In Iraq, some of these contract operatives have been accused of involvement in torturing prisoners, harassing journalists and firing on Iraqi civilians. Under Order 17, issued to regulate contractors in Iraq by the one-time US administrator in Baghdad, Paul Bremer, these contractors are immune from prosecution

Yes, but that is in Iraq, you could argue; however, after Hurricane Katrina, the Department of Homeland Security hired and deployed hundreds of armed private security guards in New Orleans. The investigative journalist Jeremy Scahill interviewed one unnamed guard who reported having fired on unarmed civilians in the city. It was a natural disaster that underlay that episode - but the administration's endless war on terror means ongoing scope for what are in effect privately contracted armies to take on crisis and emergency management at home in US cities.

Thugs in America? Groups of angry young Republican men, dressed in identical shirts and trousers, menaced poll workers counting the votes in Florida in 2000. If you are reading history, you can imagine that there can be a need for "public order" on the next election day. Say there are protests, or a threat, on the day of an election; history would not rule out the presence of a private security firm at a polling station "to restore public order".

4. Set up an internal surveillance system

In Mussolini's Italy, in Nazi Germany, in communist East Germany, in communist China - in every closed society - secret police spy on ordinary people and encourage neighbours to spy on neighbours. The Stasi needed to keep only a minority of East Germans under surveillance to convince a majority that they themselves were being watched.

In 2005 and 2006, when James Risen and Eric Lichtblau wrote in the New York Times about a secret state programme to wiretap citizens' phones, read their emails and follow international financial transactions, it became clear to ordinary Americans that they, too, could be under state scrutiny.

In closed societies, this surveillance is cast as being about "national security"; the true function is to keep citizens docile and inhibit their activism and dissent.

5. Harass citizens' groups

The fifth thing you do is related to step four - you infiltrate and harass citizens' groups. It can be trivial: a church in Pasadena, whose minister preached that Jesus was in favour of peace, found itself being investigated by the Internal Revenue Service, while churches that got Republicans out to vote, which is equally illegal under US tax law, have been left alone.

Other harassment is more serious: the American Civil Liberties Union reports that thousands of ordinary American anti-war, environmental and other groups have been infiltrated by agents: a secret Pentagon database includes more than four dozen peaceful anti-war meetings, rallies or marches by American citizens in its category of 1,500 "suspicious incidents". The equally secret Counterintelligence Field Activity (Cifa) agency of the Department of Defense has been gathering information about domestic organisations engaged in peaceful political activities: Cifa is supposed to track "potential terrorist threats" as it watches ordinary US citizen activists. A little-noticed new law has redefined activism such as animal rights protests as "terrorism". So the definition of "terrorist" slowly expands to include the opposition.

6. Engage in arbitrary detention and release

This scares people. It is a kind of cat-and-mouse game. Nicholas D Kristof and Sheryl WuDunn, the investigative reporters who wrote China Wakes: the Struggle for the Soul of a Rising Power, describe pro-democracy activists in China, such as Wei Jingsheng, being arrested and released many times. In a closing or closed society there is a "list" of dissidents and opposition leaders: you are targeted in this way once you are on the list, and it is hard to get off the list.

In 2004, America's Transportation Security Administration confirmed that it had a list of passengers who were targeted for security searches or worse if they tried to fly. People who have found themselves on the list? Two middle-aged women peace activists in San Francisco; liberal Senator Edward Kennedy; a member of Venezuela's government - after Venezuela's president had criticised Bush; and thousands of ordinary US citizens.

Professor Walter F Murphy is emeritus of Princeton University; he is one of the foremost constitutional scholars in the nation and author of the classic Constitutional Democracy. Murphy is also a decorated former marine, and he is not even especially politically liberal. But on March 1 this year, he was denied a boarding pass at Newark, "because I was on the Terrorist Watch list".

"Have you been in any peace marches? We ban a lot of people from flying because of that," asked the airline employee.

"I explained," said Murphy, "that I had not so marched but had, in September 2006, given a lecture at Princeton, televised and put on the web, highly critical of George Bush for his many violations of the constitution."

"That'll do it," the man said.

Anti-war marcher? Potential terrorist. Support the constitution? Potential terrorist. History shows that the categories of "enemy of the people" tend to expand ever deeper into civil life.

James Yee, a US citizen, was the Muslim chaplain at Guantánamo who was accused of mishandling classified documents. He was harassed by the US military before the charges against him were dropped. Yee has been detained and released several times. He is still of interest.

Brandon Mayfield, a US citizen and lawyer in Oregon, was mistakenly identified as a possible terrorist. His house was secretly broken into and his computer seized. Though he is innocent of the accusation against him, he is still on the list.

It is a standard practice of fascist societies that once you are on the list, you can't get off.

7. Target key individuals

Threaten civil servants, artists and academics with job loss if they don't toe the line. Mussolini went after the rectors of state universities who did not conform to the fascist line; so did Joseph Goebbels, who purged academics who were not pro-Nazi; so did Chile's Augusto Pinochet; so does the Chinese communist Politburo in punishing pro-democracy students and professors.

Academe is a tinderbox of activism, so those seeking a fascist shift punish academics and students with professional loss if they do not "coordinate", in Goebbels' term, ideologically. Since civil servants are the sector of society most vulnerable to being fired by a given regime, they are also a group that fascists typically "coordinate" early on: the Reich Law for the Re-establishment of a Professional Civil Service was passed on April 7 1933.

Bush supporters in state legislatures in several states put pressure on regents at state universities to penalise or fire academics who have been critical of the administration. As for civil servants, the Bush administration has derailed the career of one military lawyer who spoke up for fair trials for detainees, while an administration official publicly intimidated the law firms that represent detainees pro bono by threatening to call for their major corporate clients to boycott them.

Elsewhere, a CIA contract worker who said in a closed blog that "waterboarding is torture" was stripped of the security clearance she needed in order to do her job.

Most recently, the administration purged eight US attorneys for what looks like insufficient political loyalty. When Goebbels purged the civil service in April 1933, attorneys were "coordinated" too, a step that eased the way of the increasingly brutal laws to follow.

8. Control the press

Italy in the 1920s, Germany in the 30s, East Germany in the 50s, Czechoslovakia in the 60s, the Latin American dictatorships in the 70s, China in the 80s and 90s - all dictatorships and would-be dictators target newspapers and journalists. They threaten and harass them in more open societies that they are seeking to close, and they arrest them and worse in societies that have been closed already.

The Committee to Protect Journalists says arrests of US journalists are at an all-time high: Josh Wolf (no relation), a blogger in San Francisco, has been put in jail for a year for refusing to turn over video of an anti-war demonstration; Homeland Security brought a criminal complaint against reporter Greg Palast, claiming he threatened "critical infrastructure" when he and a TV producer were filming victims of Hurricane Katrina in Louisiana. Palast had written a bestseller critical of the Bush administration.

Other reporters and writers have been punished in other ways. Joseph C Wilson accused Bush, in a New York Times op-ed, of leading the country to war on the basis of a false charge that Saddam Hussein had acquired yellowcake uranium in Niger. His wife, Valerie Plame, was outed as a CIA spy - a form of retaliation that ended her career.

Prosecution and job loss are nothing, though, compared with how the US is treating journalists seeking to cover the conflict in Iraq in an unbiased way. The Committee to Protect Journalists has documented multiple accounts of the US military in Iraq firing upon or threatening to fire upon unembedded (meaning independent) reporters and camera operators from organisations ranging from al-Jazeera to the BBC. While westerners may question the accounts by al-Jazeera, they should pay attention to the accounts of reporters such as the BBC's Kate Adie. In some cases reporters have been wounded or killed, including ITN's Terry Lloyd in 2003. Both CBS and the Associated Press in Iraq had staff members seized by the US military and taken to violent prisons; the news organisations were unable to see the evidence against their staffers.

Over time in closing societies, real news is supplanted by fake news and false documents. Pinochet showed Chilean citizens falsified documents to back up his claim that terrorists had been about to attack the nation. The yellowcake charge, too, was based on forged papers.

You won't have a shutdown of news in modern America - it is not possible. But you can have, as Frank Rich and Sidney Blumenthal have pointed out, a steady stream of lies polluting the news well. What you already have is a White House directing a stream of false information that is so relentless that it is increasingly hard to sort out truth from untruth. In a fascist system, it's not the lies that count but the muddying. When citizens can't tell real news from fake, they give up their demands for accountability bit by bit.

9. Dissent equals treason

Cast dissent as "treason" and criticism as "espionage'. Every closing society does this, just as it elaborates laws that increasingly criminalise certain kinds of speech and expand the definition of "spy" and "traitor". When Bill Keller, the publisher of the New York Times, ran the Lichtblau/Risen stories, Bush called the Times' leaking of classified information "disgraceful", while Republicans in Congress called for Keller to be charged with treason, and rightwing commentators and news outlets kept up the "treason" drumbeat. Some commentators, as Conason noted, reminded readers smugly that one penalty for violating the Espionage Act is execution.

Conason is right to note how serious a threat that attack represented. It is also important to recall that the 1938 Moscow show trial accused the editor of Izvestia, Nikolai Bukharin, of treason; Bukharin was, in fact, executed. And it is important to remind Americans that when the 1917 Espionage Act was last widely invoked, during the infamous 1919 Palmer Raids, leftist activists were arrested without warrants in sweeping roundups, kept in jail for up to five months, and "beaten, starved, suffocated, tortured and threatened with death", according to the historian Myra MacPherson. After that, dissent was muted in America for a decade.

In Stalin's Soviet Union, dissidents were "enemies of the people". National Socialists called those who supported Weimar democracy "November traitors".

And here is where the circle closes: most Americans do not realise that since September of last year - when Congress wrongly, foolishly, passed the Military Commissions Act of 2006 - the president has the power to call any US citizen an "enemy combatant". He has the power to define what "enemy combatant" means. The president can also delegate to anyone he chooses in the executive branch the right to define "enemy combatant" any way he or she wants and then seize Americans accordingly.

Even if you or I are American citizens, even if we turn out to be completely innocent of what he has accused us of doing, he has the power to have us seized as we are changing planes at Newark tomorrow, or have us taken with a knock on the door; ship you or me to a navy brig; and keep you or me in isolation, possibly for months, while awaiting trial. (Prolonged isolation, as psychiatrists know, triggers psychosis in otherwise mentally healthy prisoners. That is why Stalin's gulag had an isolation cell, like Guantánamo's, in every satellite prison. Camp 6, the newest, most brutal facility at Guantánamo, is all isolation cells.)

We US citizens will get a trial eventually - for now. But legal rights activists at the Center for Constitutional Rights say that the Bush administration is trying increasingly aggressively to find ways to get around giving even US citizens fair trials. "Enemy combatant" is a status offence - it is not even something you have to have done. "We have absolutely moved over into a preventive detention model - you look like you could do something bad, you might do something bad, so we're going to hold you," says a spokeswoman of the CCR.

Most Americans surely do not get this yet. No wonder: it is hard to believe, even though it is true. In every closing society, at a certain point there are some high-profile arrests - usually of opposition leaders, clergy and journalists. Then everything goes quiet. After those arrests, there are still newspapers, courts, TV and radio, and the facades of a civil society. There just isn't real dissent. There just isn't freedom. If you look at history, just before those arrests is where we are now.

10. Suspend the rule of law

The John Warner Defense Authorization Act of 2007 gave the president new powers over the national guard. This means that in a national emergency - which the president now has enhanced powers to declare - he can send Michigan's militia to enforce a state of emergency that he has declared in Oregon, over the objections of the state's governor and its citizens.

Even as Americans were focused on Britney Spears's meltdown and the question of who fathered Anna Nicole's baby, the New York Times editorialised about this shift: "A disturbing recent phenomenon in Washington is that laws that strike to the heart of American democracy have been passed in the dead of night ... Beyond actual insurrection, the president may now use military troops as a domestic police force in response to a natural disaster, a disease outbreak, terrorist attack or any 'other condition'."

Critics see this as a clear violation of the Posse Comitatus Act - which was meant to restrain the federal government from using the military for domestic law enforcement. The Democratic senator Patrick Leahy says the bill encourages a president to declare federal martial law. It also violates the very reason the founders set up our system of government as they did: having seen citizens bullied by a monarch's soldiers, the founders were terrified of exactly this kind of concentration of militias' power over American people in the hands of an oppressive executive or faction.

Dollar at/near record lows, consumer confidence down, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, oil price drop on “less demand” (riiiiight) rallies oil stocks (suuuuure), deficits, fake/false government reports/data, expectation of rate cut because things are so bad despite higher than reported inflation and negative effect on worthless dollar, etc., but newest bull s**t talking point, viz., $7.5 billion cash infusion from Abu Dhabi (a mere drop in the bucket relative to the magnitude of the problem) and bull s**t alone, sparks lunatics’/suckers’ bear market rally/dead dog bounce (11-28-07) to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. 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.

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Impeach George Bush and Dick Cheney

Congress should impeach President Bush and Vice President Cheney for the following reasons:

1) The Offense of Lying and Inducing America to Support a War

2) The Offense of Reckless Indifference to the Lives and Welfare of American Troops

3) The Offense of Torture in Violation of U.S. Laws and Treaties

4) The Offense of Wiretapping Surveillance in Defiance of the Law

Fascist America, in 10 easy steps

As difficult as this is to contemplate, it is clear, if you are willing to look, that each of these 10 steps has already been initiated today in the United States by the Bush administration.

1. Invoke a terrifying internal and external enemy

2. Create a gulag

3. Develop a thug caste

4. Set up an internal surveillance system

In closed societies, this surveillance is cast as being about "national security"; the true function is to keep citizens docile and inhibit their activism and dissent.

5. Harass citizens' groups

6. Engage in arbitrary detention and release

"Have you been in any peace marches? We ban a lot of people from flying because of that," asked the airline employee.

"That'll do it," the man said.

Anti-war marcher? Potential terrorist. Support the constitution? Potential terrorist. History shows that the categories of "enemy of the people" tend to expand ever deeper into civil life.

It is a standard practice of fascist societies that once you are on the list, you can't get off.

7. Target key individuals

Elsewhere, a CIA contract worker who said in a closed blog that "waterboarding is torture" was stripped of the security clearance she needed in order to do her job.

8. Control the press

9. Dissent equals treason

In Stalin's Soviet Union, dissidents were "enemies of the people". National Socialists called those who supported Weimar democracy "November traitors".

10. Suspend the rule of law

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Record low dollar, record high oil/gold prices, deficits, fake/false government reports/data, etc., but bull s**t alone, sparks lunatics’/suckers’ bear market rally dead dog bounce into the close (11-19-07) to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. 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), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

DOWN: Dollar Declines To Another Record Low...

Leading indicators down sharply

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Weak dollar pushes oil over $99

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Freddie Mac loses $2B, seeks new capital
Single-family construction falls
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Dodd calls for investigation into Bush role in Plame affair

Don’t count on empty dress, nancy, don’t touch her godfather bush, guinea pelosi who despite all her, it’s the republicans blocking democrat attempts to stop the war, could herself alone as speaker prevent any vote on funding the war from coming to the floor. She’s incompetent and a disingenuous fraud!

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Record low dollar, record high oil/gold prices, deficits, fake/false government reports/data, etc., but bull s**t alone, sparks lunatics’/suckers’ bear market rally dead dog bounce into the close to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. 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), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

OIL HITS $98 HIGH AGAIN...

DOWN: Dollar Declines To Another Record Low...

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OIL HITS $98 HIGH AGAIN...

DOWN: Dollar Declines To Another Record Low...

Fed predicts slower growth, more jobless
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Single-family construction falls
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A number of writers have exposed Israel's misbehavior and the power of the Lobby, but until now, the Lobby has been able to marginalize its critics by smearing them as "anti-semites," "nazis," and "Jew-haters."

Russian Military Chief Calls America "Evil" Who could rationally disagree with that assessment? Based upon direct observation and experience, I wouldn’t!

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New Poll Shows Majority Want Immediate Iraq Troop Withdrawal

Fake government reports from the notoriously scandal-plagued u.s. commerce department . I say they’re telling the people/frauds on wall street what they want/need to here, keeping the suckers suckered. Remember, they lie about everything, especially for money!

Record low dollar, record high oil/gold prices, deficits, etc., but bull s**t alone, albeit irrelevant bull s**t from china profits manufacturing distribution co. walmart, sparks lunatics/suckers’ bear market rally dead dog bounce to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america.

The Ebbing Financial Flood By: Bill Bonner, Lila Rajiva & The Daily Reckoning Crew ..…is a loss of $1.3 trillion.
That's in U.S. dollars. But the U.S. dollar has lost about 10% of its value this year. So, the real world loss to investors is more than twice that amount…or around $3 trillion. Add to that the loss in housing values - probably about another $1 trillion, so far. And then, there are the losses, both announced and still hidden, in subprime debt and derivatives, which could tote up to another $0.5 trillion or so.
…...

Realtors revise home sales forecast lower again

The Last Dead Bull-Sh**t Artist on Wall Street MIKE WHITNEY Counterpunch November 12, 2007
…..Fed chief Bernanke's announcement that the economy will face "a sharp slowdown from the housing market's contraction" and an "inflationary surge from sharply higher oil prices and the weaker dollar", didn't help either. His remarks triggered a blow-off in the currency markets while equities were frog-marched to the chopping-block….. This is a bear market now. … The subprime contagion has now spread beyond the US and Europe to markets in the Far East. No one is fooled by Bernanke's sunny predictions that the economy will bounce back next year with a strong showing in the first quarter. That's baloney and everyone knows it. The economy has stumbled down the elevator shaft and is just waiting to hit bottom. Consumer confidence is flagging, housing is falling, foreign capital is fleeing, and the greenback is one flush away from the sewage-treatment plant…..The dollar has lost 63% against the euro and dropped to record lows against a basket of world currencies. Foreign central banks and investors have been ditching it as fast as they can before it loses more value. The dollar's tumble has been the most dazzling currency-flameout in modern times and Bernanke is acting like he's still asleep at the switch. It's madness.The greenback is getting clobbered by the Fed's low-interest snake oil and the gargantuan current account deficit. If Bernanke clips rates again to bail out the stock market, the dollar will slip into irreversible respiratory failure. Food and oil prices will shoot to the moon overnight and the remains of the greenback will be carted off to the nearest boneyard. September's trade deficit was another blow to the waning dollar. The Census Bureau reported on Friday that the deficit clocked in at $56.5 billion. That's $684 billion per annum! ….. The Last Dead Bull-S**ter on Wall Street
This is a bear market now! .....

International Economic Forecast for November 2007

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll

Six in 10 U.S. consumers see recession - survey

PAPER: THE DOLLAR'S DECLINE... SHUNNED CURRENCY...

OPEC Interested in Non-Dollar Currency...

$100-barrel a 'fair' price...

Record low dollar, record high oil/gold prices, deficits, now fannie mae fraud, etc., but bull s**t alone, albeit irrelevant bull s**t at best and a plethora of bad news including sharp decline in manufacturing index, sparks lunatics/suckers’ bear market rally dead dog bounce into the close to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america.

The dollar's decline from symbol of hegemony to shunned currency

Cost Of The Crunch $2 Trillion, Says Goldman

Oil rises over $95 on weak dollar

Saudi minister warns of dollar collapse...

NEW BUCHANAN BOOK DECLARES 'END OF AMERICA'
Sun Nov 25 2007 20:40:15 ET

**Exclusive from drudgereport.com**

"America is coming apart, decomposing, and...the likelihood of her survival as one nation...is improbable -- and impossible if America continues on her current course," declares Pat Buchanan. "For we are on a path to national suicide."

The best-selling author and former presidential candidate is on the eve of launching his new epic book: DAY OF RECKONING: HOW HUBRIS, IDEOLOGY AND GREED ARE TEARING AMERICA APART.

This time, Buchanan goes all the way:

"America is in an existential crisis from which the nation may not survive."

The U.S. Army is breaking and is too small to meet America’s global commitments.

The dollar has sunk to historic lows and is being abandoned by foreign governments.

U.S. manufacturing is being hollowed out.

The greatest invasion in history, from the Third World, is swamping the ethno-cultural core of the country, leading to Balkanization and the loss of the Southwest to Mexico.

The culture is collapsing and the nation is being deconstructed along the lines of race and class.

A fiscal crisis looms as the unfunded mandates of Social Security and Medicare remain unaddressed.

All these crises are hitting America at once -- a perfect storm of crises.

Specifically, Buchanan contends:

• Pax Americana, the era of U.S. global dominance, is over. A struggle for global hegemony has begun among the United States, China, a resurgent Russia and radical Islam

• Bush’s invasion of Iraq was a product of hubris and of ideology, a secular religion of “democratism,” to which Bush was converted in the days following 9/11

• Torn asunder by a culture war, America has now begun to break down along class, ethnic and racial lines.

• The greatest threat to U.S. sovereignty and independence is the scheme of a global elite to erase America’s borders and merge the USA, Mexico and Canada into a North American Union.

• Free trade is shipping jobs, factories and technology to China and plunging America into permanent dependency and unpayable debt. One of every six U.S. manufacturing jobs vanished under Bush

• “Sovereign Wealth Funds,” controlled by foreign regimes and stuffed with trillions of dollars from U.S. trade deficits, are buying up strategic corporate assets vital to America’s security

• As U.S. wages are stagnant, corporate CEOs are raking in rising pay and benefits 400 to 500 times that of their workers

• The Third World invasion through Mexico is a graver threat to our survival as one nation than anything happening in Afghanistan or Iraq

* European-Americans, 89% of the nation when JFK took the oath, are now 66% and sinking. Before 2050, America is a Third World nation

• By 2060, America will add 167 million people and 105 million immigrants will be here, triple the 37 million today.

• Hispanics will be over 100 million in 2050 and concentrated in a Southwest most Mexicans believe belongs to them

Buchanan’s Recommendations:

• A new foreign-defense policy that closes most of the 1000 bases overseas, reviews all alliances, and brings home U.S. troops

• A purge of neoconservative ideology and the “Cakewalk” crowd” from national power.

• To avert a second Cold War, the United States should “get out of Russia’s space and get out of Russia’s face,” and shut down all U.S. bases on the soil of the former Soviet Union

• To reach a cold peace in the culture war, Buchanan urges a return to federalism and the overthrow of our judicial dictatorship by Congressionally mandated restrictions on the jurisdiction of the Supreme Court.

• To end the trade deficits and save the dollar, Buchanan urges a Hamiltonian solution: a 20% Border Equity Tax on imports, with the $500 billion raised to be used to end taxation on American producers

• To prevent America becoming “a tangle of squabbling nationalities” Buchanan urges: No amnesty for the 12-20 million illegal aliens; a border fence from San Diego to Brownsville; Congressional declarations that children born to illegal aliens are not citizens and English is the language of the United States; and a “timeout” on all immigration.

QUID PRO QUO?

Hillary Takes Cash From Recipients of Husband's Controversial Pardons

‘Oil to Hit $200 if Iran Attacked’

Hillary Clinton Takes Cash From Recipients of Husband's Controversial Pardons

Student claims CNN forced her to ask frilly question...
Confident Clinton focuses on Iowa...
DICK MORRIS: CNN Caves to Hillary, But She'll Still Struggle...
Questions About Carville...

Army Desertion Rate Highest Since '80...

Death Of Dr. David Kelly, Microbiologist, Murder not Suicide: Norman Baker

NEW POLL: Majority Think Bush and Cheney Have Committed Impeachable Offenses

It’s Treason: Dems Stay Silent on Bush White House Crimes

Where's the Party?

PAPER: THE DOLLAR'S DECLINE... SHUNNED CURRENCY...

Saudi minister warns of dollar collapse...

A financial system under siege

Russian Military Chief Calls America "Evil" Who could rationally disagree with that assessment? Based upon direct observation and experience, I wouldn’t!

Approaching Recession? It's Already Here

Pump price to jump 20 cents next 2-3 weeks: government

Army desertion rate up 80 pct. since '03

Bank of America sees $3 billion debt write-down

Fake government report regarding inflation numbers from the notoriously scandal-plagued u.s. commerce department ….. what are they measuring? A basket of china canned goods? I say they’re not measuring anything at all but rather telling the people/frauds on wall street what they want/need to here, while saving some money on transfer payments pegged to same. Remember, they lie about everything, especially for money!

Record low dollar, record high oil/gold prices, deficits, etc., but bull s**t alone, albeit irrelevant bull s**t from china profits manufacturing distribution co. walmart, sparks lunatics/suckers’ bear market rally dead dog bounce to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america.

Stocks get lift from Goldman, Wal-Mart bull s**t alone which is enough for more fraud on wall street

Realtors revise home sales forecast lower again

The Last Dead Bull-Sh**t Artist on Wall Street MIKE WHITNEY Counterpunch November 12, 2007
…..Fed chief Bernanke's announcement that the economy will face "a sharp slowdown from the housing market's contraction" and an "inflationary surge from sharply higher oil prices and the weaker dollar", didn't help either. His remarks triggered a blow-off in the currency markets while equities were frog-marched to the chopping-block….. This is a bear market now. … The subprime contagion has now spread beyond the US and Europe to markets in the Far East. No one is fooled by Bernanke's sunny predictions that the economy will bounce back next year with a strong showing in the first quarter. That's baloney and everyone knows it. The economy has stumbled down the elevator shaft and is just waiting to hit bottom. Consumer confidence is flagging, housing is falling, foreign capital is fleeing, and the greenback is one flush away from the sewage-treatment plant…..The dollar has lost 63% against the euro and dropped to record lows against a basket of world currencies. Foreign central banks and investors have been ditching it as fast as they can before it loses more value. The dollar's tumble has been the most dazzling currency-flameout in modern times and Bernanke is acting like he's still asleep at the switch. It's madness.The greenback is getting clobbered by the Fed's "low-interest" snake oil and the gargantuan current account deficit. If Bernanke clips rates again to bail out the stock market, the dollar will slip into irreversible respiratory failure. Food and oil prices will shoot to the moon overnight and the remains of the greenback will be carted off to the nearest boneyard. September's trade deficit was another blow to the waning dollar. The Census Bureau reported on Friday that the deficit clocked in at $56.5 billion. That's $684 billion per annum!….. The Last Dead Bull-S**ter on Wall Street
This is a bear market now!...

International Economic Forecast for November 2007

Record low dollar, record high oil/gold prices, etc., sparks lunatics/suckers’ bear market rally into the close to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t!

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll For the first time, George W. Bush has surpassed Richard M. Nixon in unpopularity in the Gallup Poll, receiving the highest "strongly disapprove" rating for a president in Gallup's history.

Six in 10 U.S. consumers see recession - survey

HOUSE PASSES ANTI-WAR BILL...

Bush a 'bully' on Iraq: Democrats...

Dems slam Iraqi government; 'It is not getting better, it is getting worse,' Harry Reid says...

UK accused of not speaking against Israeli war crimes
"They are using the starvation and strangulation of civilians under occupation as a method of warfare, and collective punishment, outlawed in the Rome statute as war crimes," Dolye said.
Palestine-Israel, Politics, 11/14/2007
Israeli occupation forces arrest Palestinian in Bethlehem
Also, an infant died today in Gaza after she denied access into Israel for medical treatment, medical sources said.
Palestine-Israel, Politics, 11/14/2007
US peace conference as aimed to end Israel isolation: Iranian official
Iran's Secretary General of the International Conference of Quds and Support for Rights of the Palestinian Nation Ali-Akbar Mohtashamipour yesterday warned against US plot to get Israel out of isolation.
Iran-Palestine, Politics, 11/14/2007
Israel to freeze settlements ahead of Annapolis peace Summit
Israeli daily newspaper "Haaretz" said today that Israel will announce a freeze on settlement construction prior to the Annapolis conference.
Palestine-Israel, Politics, 11/14/2007
Kuwaiti minister rejects claims of Iran spying on Kuwait
Kuwait's Interior Minister Jabir Khalid al-Jabir al-Sabah has refused some recent reports that Iran was engaged in spying activities in Kuwait, it was reported Monday.
Kuwait-Iran, Politics, 11/14/2007
US war price double, Washington Post says
The Democratic authors included the costs of treating wounded veterans and mounting interest payments on money borrowed to finance the wars. The report calculates that the campaigns in Iraq and Afghanistan have cost the average US family of four more than $20,000.
Iraq-USA, Politics, 11/14/2007
Iran urges stronger ties with Iraq, withdrawal of US
In a meeting in Tehran with Head of the United Iraq Coalition (UIC) Seyed Abdelaziz Hakim, he called for stabilization of border exchanges.
Iraq-Iran-USA, Politics, 11/14/2007
Islam links Saudi - Iran ties: Saudi official
Saudi Prosecutor General Sheikh Muhammad Ibn Fahd Abdullah said today that close ties between Iran and Saudi Arabia would be to the benefit of Muslim World.
Saudi Arabia-Iran, Politics, 11/14/2007
Armed forces weakened by Iraq, Afghan wars - UK admits
Britain's armed forces are under increasing strain due to the wars in Iraq and Afghanistan and its ability to continue fighting at present levels is "unlikely to be met," the Ministry of Defense (MoD) has admitted for the first time. Iraq-UK, Politics, 11/14/2007

Vaccines: The Deadly Cure - Prison Planet Research Archive

Publisher Regan Says News Corp. Fired Her to Protect Giuliani

EU inquiry into CIA prisons to be reopened

Parents Must Immunize Their Children Or Go To Jail

Justice Department Reopens Warrantless Wiretapping Inquiry That Was Halted By Bush

NEW POLL: Majority Think Bush and Cheney Have Committed Impeachable Offenses

Blackwater killed 14 Iraqis without cause: FBI report

UK Surveillance Society 'danger to individual liberty'

US, Israel refuse to cooperate with inquest into Syria strike
The International Atomic Energy Agency - the United Nations nuclear watchdog - has not been able to conduct an investigation into the events surrounding the Sept. 6 Israeli bombing of a Syrian military installation because neither the Bush administration nor Israel are cooperating.

'I feared I'd end up dead in the woods like Dr Kelly,' says biological warfare expert who criticised Britain and U.S.

‘Blackwater Firm’s Killing Unjustified’

HSBC says loan problems spreading; Closes branches and cuts jobs in USA...

REPORT: GE unloading MMfunds for .96 cents on the dollar...

US, Israel refuse to cooperate with inquest into Syria strike

Russian Military Chief Calls America "Evil" Who could rationally disagree with that assessment? Based upon direct observation and experience, I wouldn’t!

Approaching Recession? It's Already Here

Pump price to jump 20 cents next 2-3 weeks: government

Bank of America sees $3 billion debt write-down

Record low dollar, record high oil/gold prices, deficits, etc., but bull s**t alone, albeit irrelevant bull s**t from china profits manufacturing distribution co. walmart, sparks lunatics/suckers’ bear market rally dead dog bounce to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america.

The Ebbing Financial Flood By: Bill Bonner, Lila Rajiva & The Daily Reckoning Crew
On Friday, the Dow lost another 224 points.
The Wilshire index, meanwhile, is helpfully quoted in dollars. So you can see immediately how much money people are losing. From the top around 15,900 to last week - when the index bounced around 14,600 - is a loss of $1.3 trillion.
That's in U.S. dollars. But the U.S. dollar has lost about 10% of its value this year. So, the real world loss to investors is more than twice that amount…or around $3 trillion. Add to that the loss in housing values - probably about another $1 trillion, so far. And then, there are the losses, both announced and still hidden, in subprime debt and derivatives, which could tote up to another $0.5 trillion or so.
Hey…we're starting to talk about some real money here - a combined loss of wealth equal to $4.5 trillion…or nearly 10% of the entire net worth of the United States of America. Could that be? …..there won't be another big bull market in stocks or property any time soon…and the feds' efforts to goose up the economy with more monetary inflation are probably not working…
You'll recall the basic plot, dear reader: central banks encourage consumption by artificially increasing the supply of money and credit. This flood tide of extra money boosted asset prices worldwide, leaving the impression of a booming economy. But wages in the United States are not rising - so the only way ordinary people could participate in the boom was by borrowing. As they borrowed more and more, credit quality decreased. Finally, holders of subprime debt realized that their credits weren't as solid as they thought they were.
Early this year, housing prices were already falling…
"Gloom envelops world markets," says the Financial Times.
"Wall Street Braces for More Trouble," says another headline.
The wash of credit - which lifted spirits and asset prices all over the planet - is ebbing. And once begun, it is probably impossible to reverse it.

Stocks get lift from Goldman, Wal-Mart bull s**t alone which is enough for more fraud on wall street

Realtors revise home sales forecast lower again

The Last Dead Bull-Sh**t Artist on Wall Street MIKE WHITNEY Counterpunch November 12, 2007
…..Fed chief Bernanke's announcement that the economy will face "a sharp slowdown from the housing market's contraction" and an "inflationary surge from sharply higher oil prices and the weaker dollar", didn't help either. His remarks triggered a blow-off in the currency markets while equities were frog-marched to the chopping-block….. This is a bear market now. The last bull was dragged from the Street on Friday with a harpoon in its chest. The subprime contagion has now spread beyond the US and Europe to markets in the Far East. No one is fooled by Bernanke's sunny predictions that the economy will bounce back next year with a strong showing in the first quarter. That's baloney and everyone knows it. The economy has stumbled down the elevator shaft and is just waiting to hit bottom. Consumer confidence is flagging, housing is falling, foreign capital is fleeing, and the greenback is one flush away from the sewage-treatment plant…..The dollar has lost 63% against the euro and dropped to record lows against a basket of world currencies. Foreign central banks and investors have been ditching it as fast as they can before it loses more value. The dollar's tumble has been the most dazzling currency-flameout in modern times and Bernanke is acting like he's still asleep at the switch. It's madness.The greenback is getting clobbered by the Fed's "low-interest" snake oil and the gargantuan current account deficit. If Bernanke clips rates again to bail out the stock market, the dollar will slip into irreversible respiratory failure. Food and oil prices will shoot to the moon overnight and the remains of the greenback will be carted off to the nearest boneyard. September's trade deficit was another blow to the waning dollar. The Census Bureau reported on Friday that the deficit clocked in at $56.5 billion. That's $684 billion per annum!….. The Last Dead Bull-S**ter on Wall Street
This is a bear market now!...

International Economic Forecast for November 2007

By:BobChapman,TheInternationalForecaster

Someone doesn’t believe the government’s figures. Yes, we know there is a credit crisis and that the banks and others will be writing off hundreds of billions of dollars, but too many investors and professionals are finally realizing that our government lies about everything. Inflation is over 11% and government expects us to believe we have the lowest inflation in 50 years. They are not even believable liars. If you remember our government and those on Wall Street and CNBC told us over and over that we had reached the bottom of the real estate market. Now they tell us we may have a little farther to go in what will be the worst correction since the 1930s. Our economy has an inflation problem and the only resilience we see is the result of massive amounts of money and credit being injected into the economy. That is the result of a 15% increase in money and credit and a wide open discount window. This is how economic growth is being manufactured and the result is hyperinflation. You are supposed to believe that our inflation is as low as it was in the 1950s. We guess the neocons and Wall Street are hoping few remember the 1950s. Well, we do and this is nothing like that. How can anyone conceivably believe with oil close to $100 a barrel that inflation is 2-2/3%, never mind all the other inflationary factors? If we are correct in our inflation estimate there is no growth. The economy is hanging on by its fingernails even with massive stimulation.
The bogus third quarter GDP figures were a milestone in stupidity. If the formula for the second quarter had been used, GDP would have been over 2%, but that wouldn’t have been good enough for the charlatans and crooks of Wall Street and the beltway. This economy has been contracting for 1-1/2 years and official lies and massive amounts of money and credit have covered that up. The Fed knows the economy is in recession and now that they have committed themselves to bailing out the economy and the financial sector we see another rate cut in either December or January. Inflation is 11.3%, not 0.8% monthly, as the Commerce Department would have us believe. The Fed doesn’t care about inflation - they just lie about it. They have abandoned the dollar…..If you look at the BLS’s household survey there was no job growth last month. In fact, the labor force contracted by 211,000 jobs. Based on a real survey we will take the household survey over the birth/death projection and that is ample justification in the Fed’s eyes for another cut. It’s in Wall Street’s eyes justification for another cut. Wall Street and government have an attention spam of 6 seconds similar to a dyslexic child. They only think about the next trade and could care less about tomorrow or the future of the dollar. They care nothing about our future. Again, justification for a rate cut. We can assure you November’s employment figures will stink giving the Fed ample reason to cut again, while continuing their now ridiculous lie about inflation. As an example of how bogus October’s figures were, the B/D ratio added 103,000 jobs and then the BLS added 14,000 construction jobs and 25,000 in the financial industry. They must believe we are stupid. There are massive lay offs in both industries. Worse yet, GDP is growing at zero to 2%, and in all probability 1% and it has been at that level for a year. The Fed has to cut interest rates again. Unfortunately the result will not be successful even if money and credit increases more over 20%, which there is a great chance that will occur. Employment is a lagging indicator and we identified slippage 1-1/2 years ago. This is nothing new – it’s just been covered up. If you remember unemployment has already moved from 4.4% to 4.7% over the past several months and that is official. Can you imagine what the real numbers are?
The credit market is still frozen and greater losses will continue to be announced as more and more foreclosures disrupt the system. Foreclosures are up over 200% and high numbers should prevail for 1-1/2 years or longer. As many as 2.5 million homes could go into foreclosure. That is what we predicted three years ago. We cut that figure in half to project losses in the industry. That, of course, will have a devastating affect on homeowners, real estate prices and mortgage-backed assets. The financial blood will flow for sometime to come. Again, this is lots of ammunition for the Fed to lower rates. At 4-1/2% presently they could drop another point to 3-1/2%. Considering all the other problems we could see the dollar at 50 on the USDX. The credit crisis will last years, not months. We believe domestic demand was 1-1/2% to 2% in GDP for the third quarter. That was fueled by equity cash outs of about $150 billion, which was equal to 50% of the rise in total consumer spending during the first half of the year. Over 5-1/2 years $1.1 trillion in equity extractions went toward consumer spending. This represented a 46% increase in total consumer spending over the same period. At the end of the second quarter household mortgage debt was over $10 trillion versus $4.295 trillion in 1999. Thus, in 6-1/2 years the household sector mortgage debt increased by $5.8 trillion, or 136%. Mortgage debt relative to disposable personal income surged from 64.7% at the end of 1999 to 100.2% at the end of the second quarter. This 35.5% rise was greater than the rise over the 43 years leading up to 1999. Total household debt to disposable income was 131%, up from 93.6% at the end of 1999. Aggregate indebtedness has increased exponentially. Regarding business, corporate debt averaged 34.3% of GDP. Both personal and corporate debt combined was 217% of GDP. Any reduction is short-term rates won’t help borrowers for a year or two. This debt overhang will not be manageable in a recession. As we have said the high end of the real estate market has yet to come down, but come down it will. Homes today are still some 58% above the previous cycle high in 1989…..Now all that debt has to be serviced and it cannot be. Almost all homes bought in 2006 and 2007areupsidedown. Housing starts have not dropped fast enough and that is adding to the inventory problem. Housing starts are still 30% from where they should fall too. We must admit part of the builders’ problems comes from listening to government and innocently using bogus government statistics. In just the next 11 months $800 billion in ARM resets come due and the worst will be in the first six months of 2008. That process is 18 months long and following will be a new crop coming due from resets that started a year ago. Lower house prices will kill them as well. You have to divide the problem into two segments. The houses that went up 40% will drop 20%. The houses that went up 150% will fall 30% to 60% from the peak. We are looking for $10 trillion in losses from June 2005 to the bottom. We know you do not think that is possible. When we told investors in April 2000 that the stock market would fall and $8 to $10 trillion would be lost, they laughed. They were not laughing in 2002. We will see a recession and massive inflation, a combination that will send the stock market down and gold and silver soaring…..The truth will now start to leak out everywhere as the auditors of the big banks and brokers start to fear another Enron scenario developing and do not want to get caught in circumstances, which will lead to liability to shareholders for hiding losses. The big accounting firms cannot wait any longer or they will join the big rating agencies on the financial gallows….. International Economic Forecast for November 2007

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll For the first time, George W. Bush has surpassed Richard M. Nixon in unpopularity in the Gallup Poll, receiving the highest "strongly disapprove" rating for a president in Gallup's history.

Six in 10 U.S. consumers see recession - survey

5,000 illegals working as security guards in UK's most sensitive buildings

FIREWORKS: PUBLISHER JUDITH REGAN FILES $100M LAWSUIT AGANIST MURDOCH EMPIRE...
'LIE TO PROTECT GIULIANI'...
SOURCES: REGAN CLAIMS TO HAVE 'EXTENSIVE AND DAMNING' AUDIO TAPES...

The Damned: Veteran Suicide "Epidemic" (CBS) At least 120 Americans who served in the US military killed themselves per week in 2005, CBS News learned in a five-month investigation into veteran ... CBS ‘Early Show’: Veteran Suicide Rates ‘Shockingly High’ NewsBusters
"CBS Evening News" finds high rate of veteran suicides

Bank of America sees $3 billion debt write-down

Record low dollar, record high oil/gold prices, deficits, etc., but bull s**t alone, albeit irrelevant bull s**t from china profits manufacturing distribution co. walmart, sparks lunatics/suckers’ bear market rally dead dog bounce to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and deckline of criminal/fraud america.

The Ebbing Financial Flood By: Bill Bonner, Lila Rajiva & The Daily Reckoning Crew
On Friday, the Dow lost another 224 points.
The Wilshire index, meanwhile, is helpfully quoted in dollars. So you can see immediately how much money people are losing. From the top around 15,900 to last week - when the index bounced around 14,600 - is a loss of $1.3 trillion.
That's in U.S. dollars. But the U.S. dollar has lost about 10% of its value this year. So, the real world loss to investors is more than twice that amount…or around $3 trillion.
(John Connelly, treasury secretary under Richard Nixon, once famously remarked to a group of European visitors: "It's our dollar, but it's your problem." That was back in the days when America still had an almost-positive trade balance. Now, when the United States needs nearly $3 billion in foreign money every day, the dollar has become OUR problem too.)
Add to that the loss in housing values - probably about another $1 trillion, so far.
And then, there are the losses, both announced and still hidden, in subprime debt and derivatives, which could tote up to another $0.5 trillion or so.
Hey…we're starting to talk about some real money here - a combined loss of wealth equal to $4.5 trillion…or nearly 10% of the entire net worth of the United States of America.
Could that be?
We're very suspicious of numbers. They're twisted. They're bent. They're shifty. Still, our guess is that these big numbers are telling us something. They're telling us that the tide has turned…that there won't be another big bull market in stocks or property any time soon…and the feds' efforts to goose up the economy with more monetary inflation are probably not working…
…at least, that's what it looks like this morning.
You'll recall the basic plot, dear reader: central banks encourage consumption by artificially increasing the supply of money and credit. This flood tide of extra money boosted asset prices worldwide, leaving the impression of a booming economy. But wages in the United States are not rising - so the only way ordinary people could participate in the boom was by borrowing. As they borrowed more and more, credit quality decreased. Finally, holders of subprime debt realized that their credits weren't as solid as they thought they were.
Early this year, housing prices were already falling…and housing owners were having a hard time making their payments. Then, in August, credit crunched.
And now people are asking questions…borrowers are reluctant to borrow; lenders are wary about lending…
"Gloom envelops world markets," says the Financial Times.
"Wall Street Braces for More Trouble," says another headline.
The wash of credit - which lifted spirits and asset prices all over the planet - is ebbing. And once begun, it is probably impossible to reverse it.

Stocks get lift from Goldman, Wal-Mart bull s**t alone which is enough for more fraud on wall street

Realtors revise home sales forecast lower again

The Last Dead Bull-Sh**t Artist on Wall Street MIKE WHITNEY Counterpunch November 12, 2007
What a week for the stock market. On Wednesday the market took a 360 point nosedive followed, two days later, by a 220 point belly-flop. By the time it was over, the trading pits looked more like a sausage-packing plant than the world's financial epicenter. After the bell, downcast traders could be seen tiptoeing through the carnage on their way to the local liquor store to load up on "Stoly" and boxes of Franzia---anything that would steady their nerves and put the week behind them. Everyone could see it coming; the train-wreck. It was mostly carry-over from the night before when Asian stocks took a thumping on reports of slower growth in the US and growing troubles in the credit markets. That put the first domino in motion. Fed chief Bernanke's announcement that the economy will face "a sharp slowdown from the housing market's contraction" and an "inflationary surge from sharply higher oil prices and the weaker dollar", didn't help either. His remarks triggered a blow-off in the currency markets while equities were frog-marched to the chopping-block.The Shanghai market took the worst hit dropping nearly 5% before the trading-day ended. Taiwan and Hong Kong followed suit, sliding 3.9% and 3.2% respectively. Share prices in Japan fell 2%. The next morning, Wall Street crashed. It was a massacre.
This is a bear market now. The last bull was dragged from the Street on Friday with a harpoon in its chest.The subprime contagion has now spread beyond the US and Europe to markets in the Far East. No one is fooled by Bernanke's sunny predictions that the economy will bounce back next year with a strong showing in the first quarter. That's baloney and everyone knows it. The economy has stumbled down the elevator shaft and is just waiting to hit bottom. Consumer confidence is flagging, housing is falling, foreign capital is fleeing, and the greenback is one flush away from the sewage-treatment plant. Bernanke's soothing bromides are meaningless. I don't see any significant change in the broad holdings of dollars around the world. Dollars remain the dominant reserve asset and I expect that to continue to be the case, Bernanke said to the Congressional Economic Committee.Really? So why is the greenback plummeting if people aren't dumping it, Ben? What an absurd comment. The dollar has lost 63% against the euro and dropped to record lows against a basket of world currencies. Foreign central banks and investors have been ditching it as fast as they can before it loses more value. The dollar's tumble has been the most dazzling currency-flameout in modern times and Bernanke is acting like he's still asleep at the switch. It's madness.The greenback is getting clobbered by the Fed's "low-interest" snake oil and the gargantuan current account deficit. If Bernanke clips rates again to bail out the stock market, the dollar will slip into irreversible respiratory failure. Food and oil prices will shoot to the moon overnight and the remains of the greenback will be carted off to the nearest boneyard. September's trade deficit was another blow to the waning dollar. The Census Bureau reported on Friday that the deficit clocked in at $56.5 billion. That's $684 billion per annum!….. The Last Dead Bull-S**ter on Wall Street
This is a bear market now!...

International Economic Forecast for November 2007

By:BobChapman,TheInternationalForecaster

Someone doesn’t believe the government’s figures. Yes, we know there is a credit crisis and that the banks and others will be writing off hundreds of billions of dollars, but too many investors and professionals are finally realizing that our government lies about everything. Inflation is over 11% and government expects us to believe we have the lowest inflation in 50 years. They are not even believable liars. If you remember our government and those on Wall Street and CNBC told us over and over that we had reached the bottom of the real estate market. Now they tell us we may have a little farther to go in what will be the worst correction since the 1930s. Our economy has an inflation problem and the only resilience we see is the result of massive amounts of money and credit being injected into the economy. That is the result of a 15% increase in money and credit and a wide open discount window. This is how economic growth is being manufactured and the result is hyperinflation. You are supposed to believe that our inflation is as low as it was in the 1950s. We guess the neocons and Wall Street are hoping few remember the 1950s. Well, we do and this is nothing like that. How can anyone conceivably believe with oil close to $100 a barrel that inflation is 2-2/3%, never mind all the other inflationary factors? If we are correct in our inflation estimate there is no growth. The economy is hanging on by its fingernails even with massive stimulation.
The bogus third quarter GDP figures were a milestone in stupidity. If the formula for the second quarter had been used, GDP would have been over 2%, but that wouldn’t have been good enough for the charlatans and crooks of Wall Street and the beltway. This economy has been contracting for 1-1/2 years and official lies and massive amounts of money and credit have covered that up. The Fed knows the economy is in recession and now that they have committed themselves to bailing out the economy and the financial sector we see another rate cut in either December or January. Inflation is 11.3%, not 0.8% monthly, as the Commerce Department would have us believe. The Fed doesn’t care about inflation - they just lie about it. They have abandoned the dollar, so we see a good chance of another ¼% rate cut on December 11th. The housing collapse is still in stage one of three stages and there were not 166,000 jobs created in October. We will soon have the numbers that show it should be close to zero. Do not forget they need 250,000 more each month just to say even. Their birth/death ratio could be helpful if it was refined and not politicized, but all it is used for is to justify the proscribed results. If you look at the BLS’s household survey there was no job growth last month. In fact, the labor force contracted by 211,000 jobs. Based on a real survey we will take the household survey over the birth/death projection and that is ample justification in the Fed’s eyes for another cut. It’s in Wall Street’s eyes justification for another cut. Wall Street and government have an attention spam of 6 seconds similar to a dyslexic child. They only think about the next trade and could care less about tomorrow or the future of the dollar. They care nothing about our future. Again, justification for a rate cut. We can assure you November’s employment figures will stink giving the Fed ample reason to cut again, while continuing their now ridiculous lie about inflation. As an example of how bogus October’s figures were, the B/D ratio added 103,000 jobs and then the BLS added 14,000 construction jobs and 25,000 in the financial industry. They must believe we are stupid. There are massive lay offs in both industries. Worse yet, GDP is growing at zero to 2%, and in all probability 1% and it has been at that level for a year. The Fed has to cut interest rates again. Unfortunately the result will not be successful even if money and credit increases more over 20%, which there is a great chance that will occur. Employment is a lagging indicator and we identified slippage 1-1/2 years ago. This is nothing new – it’s just been covered up. If you remember unemployment has already moved from 4.4% to 4.7% over the past several months and that is official. Can you imagine what the real numbers are?
The credit market is still frozen and greater losses will continue to be announced as more and more foreclosures disrupt the system. Foreclosures are up over 200% and high numbers should prevail for 1-1/2 years or longer. As many as 2.5 million homes could go into foreclosure. That is what we predicted three years ago. We cut that figure in half to project losses in the industry. That, of course, will have a devastating affect on homeowners, real estate prices and mortgage-backed assets. The financial blood will flow for sometime to come. Again, this is lots of ammunition for the Fed to lower rates. At 4-1/2% presently they could drop another point to 3-1/2%. Considering all the other problems we could see the dollar at 50 on the USDX. The credit crisis will last years, not months. We believe domestic demand was 1-1/2% to 2% in GDP for the third quarter. That was fueled by equity cash outs of about $150 billion, which was equal to 50% of the rise in total consumer spending during the first half of the year. Over 5-1/2 years $1.1 trillion in equity extractions went toward consumer spending. This represented a 46% increase in total consumer spending over the same period. At the end of the second quarter household mortgage debt was over $10 trillion versus $4.295 trillion in 1999. Thus, in 6-1/2 years the household sector mortgage debt increased by $5.8 trillion, or 136%. Mortgage debt relative to disposable personal income surged from 64.7% at the end of 1999 to 100.2% at the end of the second quarter. This 35.5% rise was greater than the rise over the 43 years leading up to 1999. Total household debt to disposable income was 131%, up from 93.6% at the end of 1999. Aggregate indebtedness has increased exponentially. Regarding business, corporate debt averaged 34.3% of GDP. Both personal and corporate debt combined was 217% of GDP. Any reduction is short-term rates won’t help borrowers for a year or two. This debt overhang will not be manageable in a recession. As we have said the high end of the real estate market has yet to come down, but come down it will. Homes today are still some 58% above the previous cycle high in 1989. We closed our home in Malibu in November 1988. We told our clients in September and October to bail out of homes and saved people millions of dollars. All the real estate market appreciation of the last 5-1/2 years have been accomplished by use of excessive debt and absurdly low interest rates. Now all that debt has to be serviced and it cannot be. Almost all homes bought in 2006 and 2007areupsidedown. Housing starts have not dropped fast enough and that is adding to the inventory problem. Housing starts are still 30% from where they should fall too. We must admit part of the builders’ problems comes from listening to government and innocently using bogus government statistics. In just the next 11 months $800 billion in ARM resets come due and the worst will be in the first six months of 2008. That process is 18 months long and following will be a new crop coming due from resets that started a year ago. Lower house prices will kill them as well. You have to divide the problem into two segments. The houses that went up 40% will drop 20%. The houses that went up 150% will fall 30% to 60% from the peak. We are looking for $10 trillion in losses from June 2005 to the bottom. We know you do not think that is possible. When we told investors in April 2000 that the stock market would fall and $8 to $10 trillion would be lost, they laughed. They were not laughing in 2002. We will see a recession and massive inflation, a combination that will send the stock market down and gold and silver soaring. This is how you will retain your wealth over the next five years and how thinking people will make money. GOLD, SILVER, PLATINUM, PALLADIUM AND URANIUM Note that the one month gold lease rates have suddenly dropped off from .20% to .07% so it looks like some sort of short term manipulation might be on its way now that gold has crossed 800 and has its eyes on 850. Or it could be that no one wants to lease it and then sell it and they are trying to make it more attractive to do so. Or they could be accommodating the commercial shorts by giving them some cheap gold to lease and hold to cover their shorts. They have something up their sleeve, but knowing precisely what kind of evil thoughts they have on their minds may be difficult to determine. This may be a situation similar to that of shorter-term silver lease rates, which are now so negative that they have dropped off the lease rate charts. Right off the rip on Monday, the yen has strengthened again and the Dow is already down over 100 at the open as the cartel tries to put the kibosh on the recent gold rally that took gold well above 800. The yen has strengthened from Friday's close of 114.74 to 114.084 yen per dollar and from 166.155 to 165.110 yen per Euro on Monday at about 9:30 am EDT, so the minus 100 open should not come as a surprise to our IF subscribers. The yen hit was accompanied by news from Citigroup of another 8 to 11 billion in additional losses on top of the 8.4 billion just written off, plus the resignation of its CEO Charles Prince, who now joins Stanley O'Neal, the former CEO of Merrill who also just resigned, in the Golden Parachute Clown Club. The cartel's motto will now be: "Never waste your bad news when you can use it to hit gold." The truth will now start to leak out everywhere as the auditors of the big banks and brokers start to fear another Enron scenario developing and do not want to get caught in circumstances, which will lead to liability to shareholders for hiding losses. The big accounting firms cannot wait any longer or they will join the big rating agencies on the financial gallows….. International Economic Forecast for November 2007

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll
For the first time, George W. Bush has surpassed Richard M. Nixon in unpopularity in the Gallup Poll, receiving the highest "strongly disapprove" rating for a president in Gallup's history.

Six in 10 U.S. consumers see recession - survey

Kerik indicted...
Arraigned Friday...
Giuliani Says Support Was Mistake...

Raping American Sovereignty and a North American Union

The Last Dead Bull-Sh**t Artist on Wall Street MIKE WHITNEY Counterpunch November 12, 2007
What a week for the stock market. On Wednesday the market took a 360 point nosedive followed, two days later, by a 220 point belly-flop. By the time it was over, the trading pits looked more like a sausage-packing plant than the world's financial epicenter. After the bell, downcast traders could be seen tiptoeing through the carnage on their way to the local liquor store to load up on "Stoly" and boxes of Franzia---anything that would steady their nerves and put the week behind them. Everyone could see it coming; the train-wreck. It was mostly carry-over from the night before when Asian stocks took a thumping on reports of slower growth in the US and growing troubles in the credit markets. That put the first domino in motion. Fed chief Bernanke's announcement that the economy will face "a sharp slowdown from the housing market's contraction" and an "inflationary surge from sharply higher oil prices and the weaker dollar", didn't help either. His remarks triggered a blow-off in the currency markets while equities were frog-marched to the chopping-block.The Shanghai market took the worst hit dropping nearly 5% before the trading-day ended. Taiwan and Hong Kong followed suit, sliding 3.9% and 3.2% respectively. Share prices in Japan fell 2%. The next morning, Wall Street crashed. It was a massacre.
This is a bear market now. The last bull was dragged from the Street on Friday with a harpoon in its chest.The subprime contagion has now spread beyond the US and Europe to markets in the Far East. No one is fooled by Bernanke's sunny predictions that the economy will bounce back next year with a strong showing in the first quarter. That's baloney and everyone knows it. The economy has stumbled down the elevator shaft and is just waiting to hit bottom. Consumer confidence is flagging, housing is falling, foreign capital is fleeing, and the greenback is one flush away from the sewage-treatment plant. Bernanke's soothing bromides are meaningless. I don't see any significant change in the broad holdings of dollars around the world. Dollars remain the dominant reserve asset and I expect that to continue to be the case, Bernanke said to the Congressional Economic Committee.Really? So why is the greenback plummeting if people aren't dumping it, Ben? What an absurd comment. The dollar has lost 63% against the euro and dropped to record lows against a basket of world currencies. Foreign central banks and investors have been ditching it as fast as they can before it loses more value. The dollar's tumble has been the most dazzling currency-flameout in modern times and Bernanke is acting like he's still asleep at the switch. It's madness.The greenback is getting clobbered by the Fed's "low-interest" snake oil and the gargantuan current account deficit. If Bernanke clips rates again to bail out the stock market, the dollar will slip into irreversible respiratory failure….. The Last Dead Bull-S**ter on Wall Street
This is a bear market now!

Hannity’s Program Director Tries Arresting Me Over A Question

Ron Paul Says Federal Reserve Robbed Americans of their Wealth

Watch for the fake government/economic reports; remember, they lie about everything especially when it comes to money!

Constitutional amendment would aim to prevent White House political dynasty

ASIAN MARKETS DOWN BIG...

DON’T FORGET: ANY PURPORTED IMPROVEMENT IN TRADE BALANCE IS ONLY A FUNCTION OF CONSUMERS SPENDING LESS, PARTICULARLY SINCE SO-CALLED AMERICAN PRODUCTS, WITH FEW EXCEPTIONS, HAVE PREDOMINANTLY FOREIGN MADE COMPONENTS, PARTICULARLY ELECTRONICS DESPITE WHAT THE LUNATIC FRAUDS ON WALL STREET AND IN U.S. GOVERNMENT WANT YOU TO BELIEVE. THEY LIE ABOUT EVERYTHING, ESPECIALLY WHEN IT COMES TO MONEY; AFTER ALL, THEY ARE FRAUDS!

Editorial: Mission Bogged Down

This will be Worst Recession (depression) Since the 1930s

Mr. and Mrs. President? Norquist calls for constitutional amendment; ban family members from succeeding one another...

Hillary Criticized Bush Admin for 'Suspicious' 9/11 Actions Despite Staff Convicted of Stealing, Destroying Classified 9/11 Documents

Let the consumer be aware of the fact/reality: Costs are going up on almost everything

Clinton aides plant student's question...
Says It Won't Happen Again...
Another?

Ambush by Insurgents Kills 6 US and 3 Afghan Soldiers New York Times

Rank-And-File Dems Question Latest Anti-War Strategy...

Loose Change: Final Cut Is Here

Rank and file and public : guinea (don’t touch my godfather bush) PELOSI'S HOUSE IN A MESS...

Pelosi and the Democrats Sell Out the American Worker (Again)
On October 31, Jim Hoffa, president of the Teamsters, offered his incredulity over the so-called Peru Free Trade Agreement, passed the House a few days later: I’m astounded that members of Congress would even consider passing more of these free trade agreements that workers hate.

UN human rights envoy, barred since 2003, to visit Myanmar

Government's 9/11 Investigators Were ALSO Lead OKC Bombing Investigators

CBC Pulls TV Documentary After Pressure From Chinese Envoy

Proposed missile defense upgrade for Taiwan announced

Ron Paul Says Federal Reserve 'Robbed' Americans of their Wealth

U.S. Stocks Decline to Two-Month Low; Qualcomm, Target Retreat

Metals - Gold close to record as dollar plunges to new depths

Pound touches new US dollar highs

Dollar Sinks to New Low Against Euro...

DOW DROPS HARD…..BUT MODESTLY RELATIVE TO REALITY…..
Deepening Concerns About Banks...
More Credit Writedowns...
WACHOVIA Whacked...
Gloom envelops world markets...

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll
For the first time, George W. Bush has surpassed Richard M. Nixon in unpopularity in the Gallup Poll, receiving the highest "strongly disapprove" rating for a president in Gallup's history.

KERIK INDICTED...

16 FELONY COUNTS...

Gangster Giuliani: The GOP's Worst

Fake Christian Conservatives Expose Themselves As Neocon Shills
Fake Christian conservative Pat Robertson has hit the headlines again by throwing his hat in with Rudy Giuliani, a man who supports the continued war in Iraq, supports the preemptive bombing of Iran, is pro-abortion and an adulterer who has been married on three different occasions.
WHAT A TOTAL FRAUD PAT ROBERTSON IS! BETWEEN HIS 2000 LB. LEG PRESSES AND FALSE REPRESENTATIONS OF CONVERSATIONS WITH GOD AND INCORRECT PREDICTIONS, THAT PLANE FLIGHT WITH GIULIANI FROM ISRAEL, LAND OF THE CHRIST-KILLING JEW, EXPLAINS THIS ANTI-CHRIST FRAUD!

Hillary Clinton faces sensational claims from another woman in Bill's past Mimi Hall UK Daily Mail Thursday November 8, 2007 Hillary Clinton's presidential campaign faced damaging allegations yesterday from one of the women who claim to have been groped by former president Bill. Kathleen Willey suggests in a new book that the former First Couple could have been involved in her husband Ed's death. Willey, a former White House aide, alleges a campaign of slander and intimidation has been waged against her by Hillary since she made the sex assault allegations. Her book "Target: Caught in the Crosshairs of Bill and Hillary Clinton" details what she says are the threats made against her by the Clintons and their allies.

U.S., THE PATHETIC NATION IN DECLINE,-Communist/Repressive China Seek Closer Military Ties, the incompetent, weak-kneed grey-haired little blob gates Agree on Taiwan

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll

ACLU learns of third 'secret' torture memo from Gonzales

Backstory: An impeachment vote turnaround stuns Washington

Diana inquest hears of plot to 'assassinate' the princess

International Economic Forecast for November 2007

By:BobChapman,TheInternationalForecaster

Someone doesn’t believe the government’s figures. Yes, we know there is a credit crisis and that the banks and others will be writing off hundreds of billions of dollars, but too many investors and professionals are finally realizing that our government lies about everything. Inflation is over 11% and government expects us to believe we have the lowest inflation in 50 years. They are not even believable liars. If you remember our government and those on Wall Street and CNBC told us over and over that we had reached the bottom of the real estate market. Now they tell us we may have a little farther to go in what will be the worst correction since the 1930s. Our economy has an inflation problem and the only resilience we see is the result of massive amounts of money and credit being injected into the economy. That is the result of a 15% increase in money and credit and a wide open discount window. This is how economic growth is being manufactured and the result is hyperinflation. You are supposed to believe that our inflation is as low as it was in the 1950s. We guess the neocons and Wall Street are hoping few remember the 1950s. Well, we do and this is nothing like that. How can anyone conceivably believe with oil close to $100 a barrel that inflation is 2-2/3%, never mind all the other inflationary factors? If we are correct in our inflation estimate there is no growth. The economy is hanging on by its fingernails even with massive stimulation.
The bogus third quarter GDP figures were a milestone in stupidity. If the formula for the second quarter had been used, GDP would have been over 2%, but that wouldn’t have been good enough for the charlatans and crooks of Wall Street and the beltway. This economy has been contracting for 1-1/2 years and official lies and massive amounts of money and credit have covered that up. The Fed knows the economy is in recession and now that they have committed themselves to bailing out the economy and the financial sector we see another rate cut in either December or January. Inflation is 11.3%, not 0.8% monthly, as the Commerce Department would have us believe. The Fed doesn’t care about inflation - they just lie about it. They have abandoned the dollar, so we see a good chance of another ¼% rate cut on December 11th. The housing collapse is still in stage one of three stages and there were not 166,000 jobs created in October. We will soon have the numbers that show it should be close to zero. Do not forget they need 250,000 more each month just to say even. Their birth/death ratio could be helpful if it was refined and not politicized, but all it is used for is to justify the proscribed results. If you look at the BLS’s household survey there was no job growth last month. In fact, the labor force contracted by 211,000 jobs. Based on a real survey we will take the household survey over the birth/death projection and that is ample justification in the Fed’s eyes for another cut. It’s in Wall Street’s eyes justification for another cut. Wall Street and government have an attention spam of 6 seconds similar to a dyslexic child. They only think about the next trade and could care less about tomorrow or the future of the dollar. They care nothing about our future. Again, justification for a rate cut. We can assure you November’s employment figures will stink giving the Fed ample reason to cut again, while continuing their now ridiculous lie about inflation. As an example of how bogus October’s figures were, the B/D ratio added 103,000 jobs and then the BLS added 14,000 construction jobs and 25,000 in the financial industry. They must believe we are stupid. There are massive lay offs in both industries. Worse yet, GDP is growing at zero to 2%, and in all probability 1% and it has been at that level for a year. The Fed has to cut interest rates again. Unfortunately the result will not be successful even if money and credit increases more over 20%, which there is a great chance that will occur. Employment is a lagging indicator and we identified slippage 1-1/2 years ago. This is nothing new – it’s just been covered up. If you remember unemployment has already moved from 4.4% to 4.7% over the past several months and that is official. Can you imagine what the real numbers are?
The credit market is still frozen and greater losses will continue to be announced as more and more foreclosures disrupt the system. Foreclosures are up over 200% and high numbers should prevail for 1-1/2 years or longer. As many as 2.5 million homes could go into foreclosure. That is what we predicted three years ago. We cut that figure in half to project losses in the industry. That, of course, will have a devastating affect on homeowners, real estate prices and mortgage-backed assets. The financial blood will flow for sometime to come. Again, this is lots of ammunition for the Fed to lower rates. At 4-1/2% presently they could drop another point to 3-1/2%. Considering all the other problems we could see the dollar at 50 on the USDX. The credit crisis will last years, not months. We believe domestic demand was 1-1/2% to 2% in GDP for the third quarter. That was fueled by equity cash outs of about $150 billion, which was equal to 50% of the rise in total consumer spending during the first half of the year. Over 5-1/2 years $1.1 trillion in equity extractions went toward consumer spending. This represented a 46% increase in total consumer spending over the same period. At the end of the second quarter household mortgage debt was over $10 trillion versus $4.295 trillion in 1999. Thus, in 6-1/2 years the household sector mortgage debt increased by $5.8 trillion, or 136%. Mortgage debt relative to disposable personal income surged from 64.7% at the end of 1999 to 100.2% at the end of the second quarter. This 35.5% rise was greater than the rise over the 43 years leading up to 1999. Total household debt to disposable income was 131%, up from 93.6% at the end of 1999. Aggregate indebtedness has increased exponentially. Regarding business, corporate debt averaged 34.3% of GDP. Both personal and corporate debt combined was 217% of GDP. Any reduction is short-term rates won’t help borrowers for a year or two. This debt overhang will not be manageable in a recession. As we have said the high end of the real estate market has yet to come down, but come down it will. Homes today are still some 58% above the previous cycle high in 1989. We closed our home in Malibu in November 1988. We told our clients in September and October to bail out of homes and saved people millions of dollars. All the real estate market appreciation of the last 5-1/2 years have been accomplished by use of excessive debt and absurdly low interest rates. Now all that debt has to be serviced and it cannot be. Almost all homes bought in 2006 and 2007areupsidedown. Housing starts have not dropped fast enough and that is adding to the inventory problem. Housing starts are still 30% from where they should fall too. We must admit part of the builders’ problems comes from listening to government and innocently using bogus government statistics. In just the next 11 months $800 billion in ARM resets come due and the worst will be in the first six months of 2008. That process is 18 months long and following will be a new crop coming due from resets that started a year ago. Lower house prices will kill them as well. You have to divide the problem into two segments. The houses that went up 40% will drop 20%. The houses that went up 150% will fall 30% to 60% from the peak. We are looking for $10 trillion in losses from June 2005 to the bottom. We know you do not think that is possible. When we told investors in April 2000 that the stock market would fall and $8 to $10 trillion would be lost, they laughed. They were not laughing in 2002. We will see a recession and massive inflation, a combination that will send the stock market down and gold and silver soaring. This is how you will retain your wealth over the next five years and how thinking people will make money. GOLD, SILVER, PLATINUM, PALLADIUM AND URANIUM Note that the one month gold lease rates have suddenly dropped off from .20% to .07% so it looks like some sort of short term manipulation might be on its way now that gold has crossed 800 and has its eyes on 850. Or it could be that no one wants to lease it and then sell it and they are trying to make it more attractive to do so. Or they could be accommodating the commercial shorts by giving them some cheap gold to lease and hold to cover their shorts. They have something up their sleeve, but knowing precisely what kind of evil thoughts they have on their minds may be difficult to determine. This may be a situation similar to that of shorter-term silver lease rates, which are now so negative that they have dropped off the lease rate charts. Right off the rip on Monday, the yen has strengthened again and the Dow is already down over 100 at the open as the cartel tries to put the kibosh on the recent gold rally that took gold well above 800. The yen has strengthened from Friday's close of 114.74 to 114.084 yen per dollar and from 166.155 to 165.110 yen per Euro on Monday at about 9:30 am EDT, so the minus 100 open should not come as a surprise to our IF subscribers. The yen hit was accompanied by news from Citigroup of another 8 to 11 billion in additional losses on top of the 8.4 billion just written off, plus the resignation of its CEO Charles Prince, who now joins Stanley O'Neal, the former CEO of Merrill who also just resigned, in the Golden Parachute Clown Club. The cartel's motto will now be: "Never waste your bad news when you can use it to hit gold." The truth will now start to leak out everywhere as the auditors of the big banks and brokers start to fear another Enron scenario developing and do not want to get caught in circumstances, which will lead to liability to shareholders for hiding losses. The big accounting firms cannot wait any longer or they will join the big rating agencies on the financial gallows….. International Economic Forecast for November 2007

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll
For the first time, George W. Bush has surpassed Richard M. Nixon in unpopularity in the Gallup Poll, receiving the highest "strongly disapprove" rating for a president in Gallup's history.

Six in 10 U.S. consumers see recession - survey

Forex - Pound hits 2.10 usd mark as dollar battered by Cheng comments

US Military Reviews Recruitment Standards; May Allow More "Criminals"

"Battle For The Republic" Exposes Real Immigration Agenda
Elite using balkanization strategy to destroy American sovereignty and create third world cesspit

The Housing Crash, Suburban Sprawl and the Crisis of the American Middle Class

Oil Races Toward a Record $100 Amid Supply Crunch

DOW DUMPS 360... but on 11-8-07, despite record low dollar, record high oil/gold prices, etc., lunatics/suckers’ bear market rally into the close to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t!

GM shares slide after record loss...

REPORT: mob/giuliani connected Kerik Indictment Expected for Evading Taxes...

DOLLAR NEW LOW...

...OIL NEW HIGH

GOLD $850...

..Canadian dollar hits record high...

Oil hits $98, closes at new record on bombs, low inventories, demand forecast

GM to take $39 billion charge What’s a billion here or there when you’re talking about worthless dollars!

CNN: Price of Iraq war 10 times pre-war predictions

Wall Street firms see recession nearing

Giuliani, mob man himself, Praises mob man Kerik's selective Crime-Fighting Results...

REPORT: Kerik Indictment Expected for Evading Taxes...

ST. LOUIS MOTORCYCLE GANGS ATTACK CARS ON ROAD...

MARKETS FEAR BANKS HAVE '1 TRILLION DOLLARS' IN TOXIC DEBT...

BBC: Foreclosure wave sweeps America...

Sarkozy worked for Israeli intelligence How pathetic….. and very tragic for France.

Bungling, bumbling, war criminal dimwit bush and lightweight but overweight Merkel in a somewhat pathetic display of solidarity in favor of folly/mediocrity/criminality discuss, in very limited in intellectual/realistic terms, the sorry state they’ve created for the world

OIL HITS NEW RECORD...

Dollar hits new record low...

'07 Deadliest Year for USA in Iraq...

CALLS FOR CITIGROUP TO BE BROKEN UP...

MARKETS FEAR BANKS HAVE '1 TRILLION DOLLARS' IN TOXIC DEBT...

BBC: Foreclosure wave sweeps America...

UPDATE - Merrill reveals $6.3 bln more in subprime-CDO exposure

UPDATE - SEC investigating Merrill subprime portfolio

Morgan Stanley sees $3.7 billion subprime hit

http://www.stevequayle.com/index1.html HOT HEADLINES FROM STEVE QUAYLE
China Signals Dollar Swap
Silver Hits Its Highest Mark Since 1981
Morgan Stanley Takes $3.7Bn Hit

Here's the Question...

Government Manipulating Data to Keep Cost-of-Living Index Low

Secret History of the Credit Card - watch online

New 'Disaster' Movie Warns World of Oil Apocalypse

Sarkozy Says Dollar Drop Risks Triggering Trade War

Fewer Beer and Pizza Nights As Prices Soar

Global Markets Down After U.S. Sell-Off

Record Heat Continues, But Why Are Temps So Hot

Hurricane Noel Bigger, Less Fierce Than Juan

Saurashtra Tremors Precursor to Major Quake?

Biolab Protest Creates Horrific Scene

U.S. Fifth Fleet in Gulf Exercise for Possible War in Iran

Perils of Pakistan

Dividing Jerusalem, Destroying Israel

Business as Usual in Washington

Pat Robertson's Sell-Out

Not Our Dictator

Citigroup's Subprime Explanation Defies Belief: Jonathan Weil

The Gold Bugs Were Right

China Gold Output to Beat U.S., Challenging S. Africa

Dollar Slumps to Record on China's Plans to Diversify Reserves

Bond Insurers Set Off Fresh Wave of Credit Panic

The Federal Reserve Is Scared Silly

Oil Passes $98 on Weaker Dollar

Caught Red Handed Killing the Dollar

Prepetorial #3: Running on Empty

Dubious Fees Hit Borrowers in Foreclosures

Record Heating Costs Predicted for This Winter

GM Loses $39B in 3Q, Shares Fall

Analysis: Kurds Say Kirkuk is Turkey's Aim

Getting Rid of the Navy, Then Mining ...

Agri-Food Thoughts

Climate Change 'Threatens National Security'

Climate Change Could Diminish Drinking Water More Than Expected

China Bolsters Antarctica Posts

Cops Find Themselves in Arms Race With Criminals

Bhutto Threatens Musharraf With "Long March"

Business as Usual in Washington

Crash is Coming, Warns Top Investor

Empire of Debt I: The Great Unraveling Begins

Plunging Markets Fear a Meltdown

Foreclosure Wave Sweeps America

Markets Fear Banks Have $1 Trillion in Toxic Debt

Gold Climbs to 27-Year High as Dollar, Crude Oil Reach Records

Planned India Commodity Bourse to Trade Gold, Silver

Critics Decry U.S. Food Safety System

El Nino's 'Evil Twin' Fuelled Noel's Wrath

Volcano Eruption Fears Grow in Indonesia

Landslide Buries Mexican Villagers

Ron Paul Raises More Than $4.2 Million

Ron Paul Interview

The Shocking Video Hillary Does NOT Want You to See! - video

Warning From a Vet

Senate Panel Probes 6 Top Televangelists

The Devil in the Details, Again

Five Stages of Violent Crime

The Invincible Man

Kerik indicted...
Arraigned Friday...
Giuliani Says Support Was Mistake...

Six in 10 U.S. consumers see recession - survey

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll
For the first time, George W. Bush has surpassed Richard M. Nixon in unpopularity in the Gallup Poll, receiving the highest "strongly disapprove" rating for a president in Gallup's history.

New Report Says Most Congressmen Don’t Read ‘Monster’ Spending Bills

Crude oil, gold surge amid dollar 'reserve' worry

Forex - Pound hits 2.10 usd mark as dollar battered by Cheng comments

Iran Sanctions Will Only Hurt America

Russia threatens to build up troops on western borders over CFE

Italy's Prodi opposed to military action against Iran

US Military Reviews Recruitment Standards; May Allow More "Criminals"

"Battle For The Republic" Exposes Real Immigration Agenda
Elite using balkanization strategy to destroy American sovereignty and create third world cesspit

The Housing Crash, Suburban Sprawl and the Crisis of the American Middle Class

Oil Races Toward a Record $100 Amid Supply Crunch

DOW DUMPS 360...

GM shares slide after record loss...

REPORT: mob/giuliani connected Kerik Indictment Expected for Evading Taxes...

DOLLAR NEW LOW...

...OIL NEW HIGH

GOLD $850...

..Canadian dollar hits record high...

Oil hits $98, closes at new record on bombs, low inventories, demand forecast

GM to take $39 billion charge What’s a billion here or there when you’re talking about worthless dollars!

CNN: Price of Iraq war 10 times pre-war predictions

Wall Street firms see recession nearing

Giuliani, mob man himself, Praises mob man Kerik's selective Crime-Fighting Results...

REPORT: Kerik Indictment Expected for Evading Taxes...

ST. LOUIS MOTORCYCLE GANGS ATTACK CARS ON ROAD...

MARKETS FEAR BANKS HAVE '1 TRILLION DOLLARS' IN TOXIC DEBT...

BBC: Foreclosure wave sweeps America...

Sarkozy worked for Israeli intelligence How Pathetic….. and tragic for France.

OIL HITS NEW RECORD...

Dollar hits new record low...

'07 Deadliest Year for USA in Iraq...

CALLS FOR CITIGROUP TO BE BROKEN UP...

MARKETS FEAR BANKS HAVE '1 TRILLION DOLLARS' IN TOXIC DEBT...

BBC: Foreclosure wave sweeps America...

UPDATE - Merrill reveals $6.3 bln more in subprime-CDO exposure

UPDATE - SEC investigating Merrill subprime portfolio

Morgan Stanley sees $3.7 billion subprime hit

UN: Israel fuels support for extremists (AP)

Israeli settlements burden peace push (AP)

U.S. chides Israel for curbs on Palestinian forces (Reuters)

US action against individuals supporting Syrian efforts in Lebanon
The US Department of the Treasury yesterday designated four individuals affiliated with the Syrian regime's efforts to reassert Syrian control over the Lebanese political system. Two of the individuals are Lebanese, one of whom is a member of parliament, and the other an ex-member of parliament.
Lebanon-Syria-USA, Politics, 11/6/2007

UK accused of exaggerating terrorism threat
IHRC chairman, Massoud Shadjareh said that according to last year's figures released by the European Police Office (Europol), out of 498 terrorist attacks in 2006, only one was committed by a Muslim.
Regional-UK, Politics, 11/6/2007

Gulf states not to allow strike on Iran
Iran is confident that the Arab Gulf states will not allow their territory to be used for likely strike on Iran, said Acting Foreign Minister Ali-Reza Sheikh Attar on Monday.
Gulf-Iran, Politics, 11/6/2007

Israeli PM accepts to tackle all main issues for Annapolis conference
Olmert added "I recommend to each of the leaders and involved parties to deal bravely and unhesitatingly with all the components of this opportunity, this chance. Be open to hope and face the genuine and clear risks and difficulties so that the process may move ahead."
Palestine-Israel, Politics, 11/6/2007

Female detainees launch hunger strike in Israeli jails
Detainees Study Center said that Palestinan Fateh female detainees imprisoned by Israel launched a Hunger Strike to show solidarity with the detainee Amna Mona, who is confined to solitary in Al Ramla Israeli prison.
Palestine-Israel, Politics, 11/6/2007

Iran sees US as responsible in the Iraq-Turkey crisis
Iran's Foreign Ministry spokesman Mohammad-Ali Hosseini yesterday called for settlement of the existing crisis between Turkey and Iraq through diplomacy.
Iraq-Iran, Politics, 11/6/2007

UK armed forces damaged by Iraq war
Britain's armed forces are on a "dangerously unsustainable course" at a time of growing turbulence and risk, a leading think-tank warned Monday.
Iraq-UK, Politics, 11/6/2007

Iranian minister on US threats
Iran-USA, Politics, 11/6/2007

Israel puts Jerusalem on the negotiating table - CS Monitor
Palestine-Israel, Politics, 11/6/2007

Historic Saudi visit to Vatican - BBC
Saudi Arabia-Vatican, Politics, 11/6/2007

Pope Lauds Christian Presence in Saudi - Washington Post
Saudi Arabia-Vatican, Politics, 11/6/2007

2007 is deadliest year for U.S. troops - Guardian Unlimited
Iraq-USA, Politics, 11/6/2007

Cheney impeachment heads for a vote - LA Times
Iraq-USA, Politics, 11/6/2007

2,000-Year-Old Christian Community in Iraq Gains a Spiritual First in Baghdad - NY Times
Iraq, Politics, 11/6/2007

Turkish Troops Poised on Iraq Border - Washington Post
Iraq-Turkey, Politics, 11/6/2007

U.S., Iran dial down tensions in Iraq - CS Monitor
Iraq-Iran-USA, Politics, 11/6/2007

Iraq war source's name revealed - BBC
Iraq-USA, Politics, 11/6/2007

22 bodies found in mass grave outside of Baghdad, U.S. says - LA Times
Iraq, Politics, 11/6/2007

Frenzy in the markets as oil heads for $100 a barrel - Guardian Unlimited
Regional, Economics, 11/6/2007

UN asks Israel to stop violations of Lebanon airspace - Yahoo
Lebanon-Israel, Politics, 11/6/2007

Court: Group Can Challenge on Detainees - Washington Post
Regional-Canada, Politics, 11/6/2007

Libyan Islamists 'join al-Qaeda' - BBC
Libya, Politics, 11/6/2007

Yemeni Tribesmen Blow Up Oil Pipeline - NY Times
Yemen, Politics, 11/6/2007

Israeli Police Impersonate Reporters - Washington Post
Palestine-Israel, Politics, 11/6/2007

Judge: contractor can face Iraqi torture suit - Washington Post
Iraq-USA, Politics, 11/6/2007

Oil hits $97, closes at new record on bombs, demand forecast

UN asks Israel to stop violations of Lebanon airspace (AFP)

Record low dollar, record high oil prices sparks lunatics/suckers’ bear market rally to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t!

GM to take $39 billion charge What’s a billion here or there when you’re talking about worthless dollars!

CNN: Price of Iraq war 10 times pre-war predictions

Deadliest year for US troops in Iraq (AP)

UN asks Israel to stop violations of Lebanon airspace (AFP)

Wall Street firms see recession nearing

CALLS FOR CITIGROUP TO BE BROKEN UP...

MARKETS FEAR BANKS HAVE '1 TRILLION DOLLARS' IN TOXIC DEBT...

BBC: Foreclosure wave sweeps America...

Is This 20-Year CIA Vet Crazy For Saying 9/11 Is a Probable Inside Job?

Patriot-Danny Riley, Beaten, and Shot In Jail for Quoting the Constitution.

Rice's Legal Adviser Won't Condemn Waterboarding Of U.S. Citizens By Foreign Intel Services

Bush Administration Fired acting Attorney General who criticized Waterboarding

Giuliani: I Used ‘Very Aggressive,' ‘Intensive' Interrogation Techniques

Mukasey Is (Much) Worse Than Gonzales

Sarkozy worked for Israeli intelligence How Pathetic….. and tragic for France.

Robert Baer Says Evidence Points To 911 Inside Job

OIL HITS NEW RECORD...

Dollar hits new record low...

'07 Deadliest Year for USA in Iraq...

UN asks Israel to stop violations of Lebanon airspace (AFP)

CALLS FOR CITIGROUP TO BE BROKEN UP...

MARKETS FEAR BANKS HAVE '1 TRILLION DOLLARS' IN TOXIC DEBT...

BBC: Foreclosure wave sweeps America...

Crash is coming, warns top investor

CNN: Price of Iraq war 10 times pre-war predictions

A Look at Rights Suspended in Pakistan

No evidence of Iranian nuclear-weapons program, experts say

Inevitable Turkey-Iran-Syria-Russia alliance

Musharraf move is nightmare for Bush

Musharraf guilty of 'second coup': Bhutto

The neocons' crazy dream of World War III

Is This 20-Year CIA Vet Crazy For Saying 9/11 Is a Probable Inside Job?
Debunkers can scoff and chuckle all day long when a celebrity uses their public prominence to talk about 9/11 truth, but when a 20-year decorated CIA veteran says that the evidence points to 9/11 being an inside job, dismissive hand waving and off-the-cuff ad hominem attacks on credibility aren't so easy to justify.

Telling the Whole Truth About Oil

CALLS FOR CITIGROUP TO BE BROKEN UP...
MARKETS FEAR BANKS HAVE '1 DOLLARS TRILLION' IN TOXIC DEBT...

UPDATE: 3,500+ Detained in Pakistan Emergency; Thousands Battle Police...

PETROCHINA first to reach $1 Trillion; Overtakes EXXONMOBIL's market value ...

UPDATE: Circulation falls at many major newspapers... THE LIST...

Growing expectations of oil spike above $100...

Hillary's lead dips in new CNN poll...

Pelosi: Clinton Camp Played Gender Card...

SCREENWRITERS ON STRIKE OVER STAKE IN NEW MEDIA...

Pakistan Police Arrest Lawyers Protesting Martial Law (Update1) By Khalid Qayum Nov. 5 (Bloomberg) -- Pakistani police baton-charged and arrested dozens of lawyers challenging President Pervez Musharraf's emergency rule, as the US said it was reviewing military aid to the country in response to the decree.
Video: Pakistan reacts to emergency rule - 4 Oct 07 AlJazeeraEnglish
Pakistan rounds up Musharraf's political foes Austin American-Statesman

Activists Detained in Pakistan Emergency...

Everybody hates the worthless dollar

Sinking Currency, Sinking Country

Pakistan rounds up Musharraf's political foes Austin American-Statesman

Bank Could Increase Its Write-Downs By Billions More...

Dollar resumes downward path

Foreclosure filings soar in 3rd quarter, fake jobs data twice expected numbers, new record oil prices, new dollar lows, more bull s**t from the lunatic frauds on wall street and suckers bear market rally/dead dog bounce into the close to suck them in….. r

MERRILL LYNCH Falls on Concern Writedown May Be $10 Billion...

What have they been smoking on wall street?
Bear Stearns CEO Jersey Jimmy Cayne denies drug allegations in Wall Street Journal article Stock Prices Plunge; Dow Drops a modest relative to reality 370

ANALYST HITS BACK AFTER DEATH THREATS OVER DOWNGRADE...