Full Moons, Fraud, and Lunatics. What More Can Be Said.
NEWS
FLASH: Direct from Lost Angeles Learning Annex � Presenting mobster t_rump of
new yoke, new joyzey, and now caleefornia mob fame with his continuing message
for the past several years: buy real estate (and watch the values go
down�..riiiiight!).
Bank sues Trump over Chicago
tower loan...
Trump casino to miss interest
payment...
(12-31-08)� DOW
8,776
+108
+1% -34% for the year -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of
October NASDAQ 1,577 +26 +1% -41% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October� S&P 903 +13 +1% -39% for the year -2% for the fourth week of December� No change worth reporting for second and third weeks of December -2.7% for
the first week of December -7.5% for the
month of November. -18% for October [CLOSE- OIL $44.60 (-54% for year) (RECORD TRADING HIGH $147.27)
GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS�
$1.79 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.41 DIESEL)/ GOLD $884.30
(+5.58% for year) / SILVER $11.29/ PLATINUM $941.51 / DOLLAR= .70 EURO, 90 YEN,
.68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.24% ..��� ��AP Business
Highlights ������� ����...Yahoo Market
Update... ]�
YAHOO - BRIEFING.COM
Weekly Recap� �Absolutely, Absurdly, Ridiculous! High! What are they
drinking, smoking, snorting on wall street. Not to worry; they�ll get their
commissions again on the way down and maybe stick you with their over-priced
dogs as well. Don�t forget their 2008 talk as
now for 2009. The lunatic wall street
frauds� desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, especially since none of the real problems
(hundreds of trillions of fraudulent/worthless securities, etc.) have been
addressed much less solved; hence, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. News typically bad: Difficulty
tracking and monitoring bailout money�Daaaaah! Understated unemployment numbers
still at recession/depression levels (4.65 million); retail
correction-bankruptcies, closings, fewer stores. Motek�s experts: Peter Shiff says it�s not the disease but the
government cure that will kill us, dire forecast for 2009 and beyond-inflation,
companies going out of business, commodity prices higher, world�s largest
debtor america is bankrupt, more borrowing/spending their failed prescription, bleak
picture for dollar the value of which will be halved and high probability that
the decline will be 70-90%, gold higher and $2000 gold in not so distant
future, oil much higher and $200 oil in next couple of years, stocks will
continue to decline, on the long side he favors quality EU, Asia securities and
precious metals particularly monetary metals gold, silver. Oil analyst says oil too cheap, geopolitical factors,
(israel war mongering, war crimes, etc.; Russia/Ukraine dispute-cut gas
supplies affecting Europe), oil to $60-70 rather quickly, gasoline demand anemic
but oil price the factor. It�s time for
ben stein to resign himself to just a land of fruits and nuts
actor/entertainer/speculator as he lambaste Shiff�s prognostication ( he
previously had to apologize to Shiff having done wrongly so before- �his criticism of Peter
Shiff for warning of this debacle years ago). He throws out a couple of
economic terms (demand pull/cost push inflationary terms) to buttress his
criticism of Shiff but he�s just out to lunch in citing the absence of demand
as militating against Shiff�s inflationary argument since history (and even
currently, i.e., zimbabwee) is replete with examples of low demand and or impoverished
nations that have over-printed their currencies with hyperinflationary results
as will occur in u.s.). Stein should be on the Strip doing stand-up (comedy).
He is a joke! Suckers' bear market
rally into the close to keep the suckers suckered on NEWS MUCH WORSE THAN
ALREADY DISMAL EXPECTATIONS ACROSS THE BOARD: S&P/Case-Shiller
Composite Index, October home prices were down 18% year-over-year, the largest
drop on record. According to the U.S. Conference Board, consumer confidence
dropped more than expected to an all-time low in December AT 38%. Record number
of bankruptcies and particulary hard hit commercial sector in coming year, ie.,
malls, retail, etc.. Worse stock market declines for the year since 1931 (Great
Depression) and worse to come in 2009 despite suckers� bear market rallies to
keep you sucked in. Put these wall street frauds in jail and force disgorgement
of their fraudulent gains. There are loads of able new grads and job seekers
who can take the place of the wall street frauds who caused the crisis owing to
their own avarice and continue the coverup to get taxpayer bailout funds. The
markets should be efficient and predicated on rational valuation which is
totally absent in america�s fraudulent, manipulated markets. Absent prosecution
and disgorgement in these ongoing multi-trillion dollar fraud schemes (new
ponzi scheme uncovered in addition to madoff, which are tips of the iceberg in thesemulti-trillion dollar frauds), america will not be worth the paper the worthless Weimar dollars and worthless securities denominated in same are printed on.
� Non-Motek expert: markets to fall into 2010 or worse case, later.
Motek experts: They discuss dismal
news, for year DOW-35%, NASDAQ-42%, S&P-40%, $7-10 trillion in wealth
destroyed, second-half inflation from printing worthless Weimar
dollars/stagflation; another expert, consumer has collapsed, 2009 will be very
tough year for autos; a real estate analyst says 2009 will be a very tough year
and hopefully we�ll get through this�..riiiiight!�I don�t think so�Almost one in 10 Floridians are on food stamps ��Online
holiday sales fall 3 percent��� Madoff liquidation trustee receives $28M for costs (AP)�� Charlotte, NC, home values post record decline (AP)��� Wrong Great Depression Lessons Will Haunt Equities in 2009 ���73,000 retailers to close in first half of 2009, Stocks
Rally� Bloomberg | U.S.
retailers face a wave of store closings, bankruptcies and takeovers starting
next month as holiday sales are shaping up to be the worst in 40 years�� There�s No
Pain-Free Cure for Recession/Depression ���Schiff: Government Interference Only Makes The Problem
Worse Paul Joseph Watson |
Establishment talking heads still pushing useless and destructive bailout.�� A Ponzi Scheme
Within A Ponzi Scheme Bob Chapman |
Dwarfing the Madoff Ponzi scheme is the Social Security Ponzi scheme that has
been looted (the iou�s) and is hopelessly insolvent. This on top of previous suckers' bear market rally into
the close with 100+ point swing to the upside to keep the suckers suckered.
Time for prosecutions of and disgorgement of ill-gotten multi-trillion dollar
gains from the frauds on wall street; madoff is just the tip of the iceberg; all news decisively bad and worse than
even dismal expectations except that the frauds on wall street continue their
familiar suckers cheer for bailouts, bailouts, bailouts so SELL
INTO STRENGTH/TAKE PROFITS/SELL! Motek experts: At best, bear market rally, his accounts 20-25% cash, can
make bearish argument since still looking at writeoffs, government still must
sell bonds to help finance bailouts, municipal bonds troublesome as iou�s might
extend maturities, don�t try to catch falling knife in this market but some
high quality bonds may offer value, dollar to take hit (they�re printing
worthless weimar dollars like mad-hyper-inflationary); Oil expert says overshot
to downside and will see turn-around in oil; U.N. Security Council condemns
massacre by zionist israel. Pros Say: Employment Collapse is Coming ���Holiday Sales Slump to Force U.S. Store Closings,
Bankruptcies �Manufacturing,
Home Prices Sank: U.S. Economy Preview �Holiday Sales Tumble as US Consumers Reduce Luxury
Purchases� Bleak economic picture emerges from new data Retail
Sales Plummet �Holiday Sales Tumble as US
Consumers Reduce Luxury Purchases Bleak economic picture emerges from new data The frauds on wall
street say they are entitled to the obligatory santa claus rally and attempt to
keep you suckered in for their commissions sake with small gains on bull
s**t/fraud alone in holiday shortened light trading, but reality says every day
the market�s above 2,000-5,000 on the DOW, 1,000-1,300 on the NASDAQ, and
500-600 on the S&P is a �santa clause rally, so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal
expectations except that the frauds on wall street continue their familiar
suckers cheer for bailouts, bailouts, bailouts, with ephemeral short-covering
to lock in year-end gains for window dressing and much, much worse to come. Unemployment up
more than expected at 26 year high and consumer spending down for fifth month in a row. In their typically corrupt way,
scandal-scarred commerce department provides fake data for b.s. talking points
far better than private economist estimates but still decline of 1% in durable
goods new orders. Oil's slide came in the face of a surprise
inventory draw, which suggests stronger-than-expected demand for the commodity
as Department of Energy reported that oil inventories for the week ending Dec.
19 decreased by 3.10 million barrels. Analyst:
One Third Of Banks To Collapse In 2009 ��U.S. Economy: Home Prices Fall At Depression Pace ��Recession/depression deepens, countries boost spending� Previously, just modest losses relative to
reality so SELL INTO
STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except
that the frauds on wall street continue their familiar suckers cheer for
bailouts, bailouts, bailouts, with much, much worse to come. Existing
home sales plunged to a rate of 4.49 million last month, down 8.6 percent from
October, and worse than economists predicted. Total sales, not calculated as an
annual rate, fell 17 percent in November from a year earlier to 322,000, sales
of newly built homes fell 2.9 percent from October to a pace of 407,000 units,
the slowest rate in nearly 18 years. Madoff investor found dead of suicide.
Standard & Poor's lowered the unsecured debt rating of General
Motors (GM 3.01, -0.51) to C from CC, even though the government plans
to provide GM with financing and Moody's lowered Ford's (F
2.19, -0.40) credit rating to Caa3. Final third quarter GDP data showed economy
contracted at an annualized rate of 0.5%, unchanged from the prior reading
though personal consumption component was down 3.8%.� Motek�s experts:� actor/speculator/entertainer/sometimes economist Ben
Stein takes a page out of GM�s playbook by lambasting Fortune Magazine (you
might recall some two decades ago that Fortune warned of GM managerial
ineptitude to which GM responded with outrage and withdrew all advertising and
revenue to Fortune thereby in retaliation - if only they had listened) for
saying caleefornia is number 1, numero uno �.. as prospectively worse real estate
market in the nation, the same Ben Stein who poo-pooed Peter Shiff�s correct
prediction of market crash, but does correctly state fed policies
hyperinflationary; LA economist jumps on the Ben Stein out-to-lunch bandwagon
and says only 10%, not� 25% (as
consensus predicts), decline for caleefornia�..riiiiight�..take that to the
bank; broad donates to MOCA; show biz expert- strike fear; and Shreve of IBD
flips yet again-if only we were all traders�but if you had followed his every
whim, only the frauds on wall street would have made out with substantial
commissions in the ups/downs. IMF warns of Great
Depression ��100% chance of depression in US ��Depression Hits Detroit: Average home price $18,513 -
Unemployment rate 21% ��U.S. Home Resales Fall; Prices Drop by Record 13.2%
��Congressman: �If We�re Not Very Lucky Or If We Don�t Do
Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression�
��World faces �total� financial meltdown: Bank of Spain chief
�Previous suckers
bear market rally into the close with 150 point swing to the upside based on
bull s**t and fraud in the inducement alone to keep the suckers sucked in and
commission dollars flowing for modest losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than
even dismal expectations except that the frauds on wall street do their
familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse
to come.� Motek�s experts:Economist says economy in full-out recession, aggregate
demand down across the board, abusers are not lubrication for economy so should
not get bailout, another 25% down for real estate prices as foreclosures also
will continue but lower prices will eventually stimulate demand, fed focused
now on long-rates, cites housing/finance/consumer debacles and no recovery till
at least into 2010 at best (I don�t think so); oil expert says contract now
February delivery on expiration of January contract and flood of selling on
expiring contract temporarily depressed prices, oil more expensive in future,
discusses boom/bust cycle (we�re in the bust part); another cites high redefault
rate on modified mortgages and more foreclosures; auto analyst points to Toyota
showing first loss since 1941 inception, global downturn with no nation spared,
reckoning for 15-20 years of bad decision-making, 2009 very grim, 2010 at best
for even minimal improvement (I don�t think so); Online e-commerce expert cites
first flat to down year of online retail sales growth; downgrades GM, american
Express, Ford, etc.. World faces �total� financial meltdown: Bank of Spain chief
�Housing
crisis worsens as economy weakens���
Japan recession deepens, China cuts rates��� Great Recession/Depression of 2008, et seq., Worse Than All
Others� AP Impact: Wall Street still flying
corporate jets; indeed, with all the bashing of auto rank and file employee
pay, the reality is that american executives, among the least able, least
talented in the world, along with fraudulent wall street are grossly overpaid
and far exceeding that of their far more able foreign counterparts (AP) ��Where'd the bailout money go? Shhhh,
it's a secret (AP) ��Housing
crisis worsens as economy weakens�� Ratings Agencies Play Reality With Multiple Downgrades in
Banking Sector (at Seeking Alpha) Previous mixed to modest losses relative to
reality so sell into strength/take profits/sell as all news decisively bad and
worse than even dismal expectations except that the frauds on wall street do
their familiar suckers cheer for bailouts, bailouts, bailouts. Motek�s
analyst/options expert predicts controlled bankruptcy for at least GM (maybe
more), cites Fitch downgrade of GM�s credit/default rating and says GM within weeks
of default. Oil analyst cites recession, week demand, over-supply also stating
storage facilities full and resorting to offshore tankers to store excess oil.
Media analyst says economic model for newspaper/media business broken. Rogers: The Incompetent Senile and Vegetables Have Turned A
Recession Into A Depression �He Saw the Crash Coming: What Gary Shilling Sees for 2009 ��Yes, Shilling�s using� the d for depression word so If video unavailable, here for avi rendering �SCROOGE
BIDEN: ECONOMY IS 'ABSOLUTELY TANKING' ��Previously,
recession/depression level 554,000 new unemployment claims (I�m sure in
reality, far worse but still bad) pre-Christmas so wait till the post-Christmas
numbers are out � nowhere to hide those but they�ll try. Motek scraping bottom of barrel for second day in a row
and comes up with another land-of-fruits-and-nuts man, the senile wedbush who
discusses his comrade madeoff with other peoples money, poo-poos the purported
amount, says market not doing badly considering the dismal news (at least he is
lucid enough to realize dismal - market should be between 2,000 to 5,000 on the
DOW, 500-600 on S&P, 1,100 to 1,300 on NASDAQ based upon the dismal but
real and probably far worse than reported data) and points to auto scenario,
oil plunge, and madoff fraud for doldrums. Oil analyst says pressure on
commodities generally, liquidation on expiration of January (2009) oil
contracts and liquidation of positions, but February (2009) contracts back to
$40+ rather quickly, and points to decreased current and prospective refinery
capacity on thin to low margins.� A Most Desperate
Move by the Fed ���Dollar�s Slump Erases Months Of Solid Gains ���The Biggest Bubble Of All . . . U.S. Government Debt� �Video: Crash Will be Worse than Great Depression ��Editorial: What ails global financial system �The
$50 billion investment fraud to which the respected New York financier and
former NASDAQ Chairman Bernard L. Madoff has allegedly confessed, may prove to
be the paradigm for all that has gone wrong with the international financial
system. It points up the greed, incompetence and woeful wishful thinking that
have all combined to produce economic meltdown and plunge the world into
recession. Most staggering is the stupidity of both regulators (and government
corruption/venality vis-�-vis wall street) and professional investors in
failing to spot that for at least a decade, at the heart of his hedge fund
operations, Madoff was running a pyramid scheme. This relied on new investment
funds to pay out market-beating returns to existing investors�..�
THIS IS WALL STREET EVERY DAY WITH THEIR EATING AWAY AT
OTHER PEOPLES MONEY TO THE TUNE OF HUNDREDS OF MILLIONS OF DOLLARS A DAY
(BILLIONS A YEAR AND NOW BILLIONS IN TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD)
BASED ON NOTHING BUT BULL S**T AND FRAUD! U.S. Records Huge Current Account Deficit ���Fed unleashes
greatest bubble of all ���Canadian Prime Minister Stephen Harper believes a
depression is COMING ��Peter
Schiff new VIDEO on the Coming Collapse Dec 16 ���Swiss gold bullion in huge demand as trust in banks dives
��Goldmine
Sachs: Bank�s bonuses cut to a �mere� �142,000 EACH Investment bank /taxpayer
bailout funds recipient Goldman Sachs is to pay �4.3billion in bonuses to its
City workers.� Dollar Falls Most Against Euro Since 1999 Debut on Fed�s
Rate� Dollar Declines to 13-Year Low Against Yen After Fed Rate
Cut ���Federal
spending soars 25% -- even before bailout...��� Previous,
building permits declining 15.6% to a seasonally adjusted
annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined 18.9%
from the prior month to an annualized rate of 625,000 units, which was below
the consensus of 736,000 and are 47% below the year-ago level, fed desperation
(they don�t know what they�re doing � remember their pronouncement -no
recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style
Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits
while you can since much, much worse to come. Economist Brusca �the economy is sinking fast�, FOMC
states that �data indicate deteriorating labor conditions and declining
consumer spending, business investment, and industrial production, and the
outlook for economic activity has weakened further�, �F.
William Engdahl �The US economy is in a depression free-fall of a
scale not seen since the 1930�s�, Kellner cites
�helicopter ben� (bernanke), BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs �Survival Panic� for Some in the U.S. Motek
Experts: Art Hogan more realistically candid than usual
cites all bad news, very difficult times, near term lows but no recovery for
economy, hope is that second half of 2009 is better than first half (NOT!),
cites lost decade in Japan with 0% interest rates, negative growth through fourth
quarter 2009, longest recession (depression) in modern times, market hopefully
better in second half of 2009 anticipating better 2010 (NOT!), bottoming of
energy/commodities, worth looking at consumer goods/staples focused on what you
need versus what you want; economist points to bankruptcies up, housing starts
down; Zandi of Moody�s says not getting better but
worse, most credit card holders will not benefit from rate cut;
currency expert says interest rate cuts increasingly irrelevant, fed buying bonds
driving asset prices higher and displacing private sector with prospectively
negative results; and finally, Peter Shiff cites fed action as irresponsible,
destroying value of money, bear market, money not worth anything, negates any
rise in paper dollar-denominated securities (SELL), says buy gold because of
u.s. hyperinflation. Previous, news worse
than bad and to get much worse but full moon manifest on lunatic asylum for the
criminally insane wall street. More banks reveal Madoff exposure The �while you can� part of
sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where
fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report This modest retreat and previous suckers bearmarket
rally on bull s**t alone with familiar mantra still ringing today; viz.,
everything but the facts: �forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report �, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget
declining retail sales Retail
sales post big drop in November� , �forget the $1 trillion record
budget deficit , trade deficits, worthless fraudulent securities, lower
earnings/guidance/outlook, the topic (b.s. talking point) de jour for the
lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there�s no real money to pay for
same � print/create more worthless Weimar dollars � hyperinflationary Federal Reserve sets stage for Weimar-style
Hyperinflation �� even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically,
a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC
(AP) and even bigger questions about fraudulent wall street and their
washingtonian/federal/state facilitators. Builders sentiment reading
at 9 (anything less than 50 is negative/pessimistic). Motek�s legal expert
correctly points to funds problems with meeting redemptions and paraphrases
J.P. Morgan�s immortal words concerning investing by saying as is particularly
relevant now, It�s not return on investment, but return of investment (that
really counts). Banks hit worldwide by US 'fraud' �. How
are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? Prosecute and throw them in jail and
make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case
. The previous suckers
bear market rally was/is based on bull s**t alone; namely, now it�s the
prospective bailouts/spending programs with money that does not really exist
(print/create more, borrow more, etc.). 1) Keynesian economics
(government stimulus) does not work when a defacto bankrupt nation becomes more
bankrupt to bailout frauds/perpetrators/creators of the problem and to create
make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural
problems, i.e., trade/budget deficits will continue unabated and in the case of
the latter, substantially increase � deeper hole 3) While spending on
infrastructure is warranted, there is no productive enhancement in economic
terms as in less modern times when, i.e., national highway system, etc.,
enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million
jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S 15 GHOSTS OF WALLSTREET/ECONOMIC
PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow
Homes in the United
States have lost trillions of dollars in value during 2008, with nearly 11.7
million American households now owing more on their mortgage than their homes
are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the
wall street frauds, the level and percentage of which MUST be examined in light
of computerization and decreased costs attendant to same especially since only
AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The
Economy (New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To A
(Economically) "Wasteful Tax" (On The Economy) via 'churn and earn'
computerized programmed trades). �Moreover, the
ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages.
. How are
these frauds not being prosecuted and forced disgorgement and preposterously
getting taxpayer dollars? The lunatic wall street
frauds� desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, especially since none of the real problems
(hundreds of trillions of fraudulent/worthless securities, etc.) have been
addressed much less solved; hence, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham
(who called the bubble) posits� 585 on the S&P 500 (versus today's frothy
879)� There is more hurt in store for the U.S.
equity markets. If you are still thinking of riding this one out, consider
Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of
40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S.
would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit
$2,000, Dow To Sink To 5,000 ��BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD All news
worse than bad and to get much worse but full moon manifest on lunatic asylum
for the criminally insane wall street. More banks reveal Madoff exposure The �while you can� part of sell/take profits manifests and will worsen
Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report
This modest retreat and previous suckers bearmarket rally on bull s**t alone
with familiar mantra still ringing today; viz., everything but the facts: �forget the layoffs Coming soon to U.S., 1 million jobs lost every month:
Report �, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg
, forget declining retail sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit
, trade deficits, worthless fraudulent securities, lower
earnings/guidance/outlook, the topic (b.s. talking point) de jour for the
lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts
(not to mention there�s no real money to pay for same � print/create more
worthless Weimar dollars � hyperinflationary � even now despite fake reports
and worse to come), and from well respected wall street fraud madoff, "it's
all just one big lie" and that it was "basically, a giant Ponzi
scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC
(AP) and even
bigger questions about fraudulent wall street and their
washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than
50 is negative/pessimistic). Motek�s legal expert correctly points to funds problems with
meeting redemptions and paraphrases J.P. Morgan�s immortal words concerning
investing by saying as is particularly relevant now, It�s not return on
investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud' �. How
are these frauds not being prosecuted and forced disgorgement and preposterously
getting taxpayer dollars? Prosecute and throw them in jail and make them cough
up their stolen multi-billion spoils.
Not just super rich caught up in $50B Madoff case
. The previous suckers bear market rally
was/is based on bull s**t alone; namely, now it�s the prospective
bailouts/spending programs with money that does not really exist (print/create
more, borrow more, etc.). 1)
Keynesian economics (government stimulus) does not work when a defacto bankrupt
nation becomes more bankrupt to bailout frauds/perpetrators/creators of the
problem and to create make-shift purported infrastructure jobs to enhance
consumption 2) Inherent structural problems, i.e., trade/budget deficits will
continue unabated and in the case of the latter, substantially increase �
deeper hole 3) While spending on infrastructure is warranted, there is no
productive enhancement in economic terms as in less modern times when, i.e.,
national highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million
jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S 15 GHOSTS OF WALLSTREET/ECONOMIC
PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008:
Zillow Homes in the United States have lost
trillions of dollars in value during 2008, with nearly 11.7 million American
households now owing more on their mortgage than their homes are worth, real
estate website Zillow.com said on Monday. (Remember: more contrived
wasteful commissions to the wall street frauds, the level and percentage of
which MUST be examined in light of computerization and decreased costs
attendant to same especially since only AN EXTREMELY Small Fraction Of What
wall street Does Is A Net Positive For The Economy (New Investment Capital via,
ie., ipo�S), The Rest Is Tantamount To A (Economically) "Wasteful
Tax" (On The Economy) via 'churn and earn' computerized programmed
trades). �Moreover,
the ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems
remain and there is but an infinitesimally small fraction of the capital and
resources necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., �so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham
(who called the bubble) posits� 585 on the S&P 500 (versus today's frothy
879)� There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 ��Previous session, modest decline
relative to reality so still great
opportunity to sell/take profits since
much, much worse to come! All news decisively bad and much worse than expected with trade deficit up 1.1%, dollar down, unemployment
claims up 573,000 a 26 year high, 28% increase in foreclosures, bailout
recipient BofA to cut 35,000 jobs, many other prospective job cuts announced,
economic group changes previous forecast to worse/long recession,� Bernard Madoff arrested over alleged $50 billion
fraud Madoff told senior
employees of his firm on Wednesday that "it's all just one big lie"
and that it was basically, a giant Ponzi scheme (the fraudulent wall street story in a nutshell) , BANK OF AMERICA to cut 35,000
jobs... ,� ...final could be
higher ,�
Shocking but true
claim: Most big banks 'bankrupt'... ,� New unemployment claims surge unexpectedly ��,� Ron
Paul: Printing Money Only Prolongs The Pain Amidst the hand-wringing of the
automaker bailout debate, Ron Paul took the opportunity on the House floor
yesterday to remind Congress that the real culprit behind the financial crisis
is the Federal Reserve, and that allowing the Fed to continue to print money
without audit will only prolong the pain.�
,� US budget deficit to reach USD 1 trillion �,� Jim Rogers calls most big U.S. banks �bankrupt� �Jim Rogers, one of the world�s most prominent
international investors, on Thursday called most of the largest U.S. banks
�totally bankrupt,� and said government efforts to fix the sector are
wrongheaded. CORRECTED
- CORRECTED-(OFFICIAL)-UPDATE - Wells Fargo to take $40 bln Q4 charge ,� German
FM criticises Britain�s �crass Keynesian� policies: report ��and
read again previous session, forget the layoffs Coming soon to U.S., 1 million jobs lost every month:
Report �, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg
, forget declining retail sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit
, trade deficits, worthless fraudulent securities, lower
earnings/guidance/outlook, the topic (b.s. talking point) de jour for the
lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts
(not to mention there�s no real money to pay for same � print/create more
worthless Weimar dollars � hyperinflationary � even now despite fake reports
and worse to come) ,�
suckers bear market ralley to keep the suckers sucked in so great opportunity to sell/take profits since much, much worse to come! �This �suckers bear
market rally is based on bull s**t alone; namely, now the prospective
bailouts/spending programs with money that does not really exist (print/create
more, borrow more, etc.). 1)
Keynesian economics (government stimulus) does not work when a defacto bankrupt
nation becomes more bankrupt to bailout frauds/perpetrators/creators of the
problem and to create make-shift purported infrastructure jobs to enhance
consumption 2) Inherent structural problems, i.e., trade/budget deficits will
continue unabated and in the case of the latter, substantially increase �
deeper hole 3) While spending on infrastructure is warranted, there is no
productive enhancement in economic terms as in less modern times when, i.e.,
national highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million jobs lost every month:
Report ��, �America Has No Means to Recover from a Depression ��(Remember: more contrived
wasteful commissions to the wall street frauds, the level and percentage of
which MUST be examined in light of computerization and decreased costs
attendant to same especially since only AN EXTREMELY Small Fraction Of What
wall street Does Is A Net Positive For The Economy (New Investment Capital via,
ie., ipo�S), The Rest Is Tantamount To A (Economically) "Wasteful
Tax" (On The Economy) via 'churn and earn' computerized programmed
trades). �Moreover,
the ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems
remain and there is but an infinitesimally small fraction of the capital and
resources necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., �so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham
(who called the bubble) posits� 585 on the S&P 500 (versus today's frothy
848)� There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 ��Previous, modest decline relative to
reality so still great time to sell/take profits since much, much worse to
come.� Wall Street stung by risk-aversion and realistically
bleak outlooks� , Point of no return: Interest on T-bills hits zero� ,� Tightening Budgets Mean a Rough Ride for IT� ,� FIRST TIME: Treasury Bills Trade at Negative Rates... �.� Previous, �suckers bear
market rally based on bull s**t alone; namely, now the prospective bailouts/spending
programs with money that does not really exist (print/create more, borrow more,
etc.). 1) Keynesian economics
(government stimulus) does not work when a defacto bankrupt nation becomes more
bankrupt to bailout frauds/perpetrators/creators of the problem and to create
make-shift purported infrastructure jobs to enhance consumption 2) Inherent
structural problems, i.e., trade/budget deficits will continue unabated and in
the case of the latter, substantially increase � deeper hole 3) While spending on
infrastructure is warranted, there is no productive enhancement in economic
terms as in less modern times when, i.e., national highway system, etc.,
enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million jobs lost every month:
Report ��, �America Has No Means to Recover from a Depression ��(Remember: more contrived
wasteful commissions to the wall street frauds, the level and percentage of
which MUST be examined in light of computerization and decreased costs
attendant to same especially since only AN EXTREMELY Small Fraction Of What
wall street Does Is A Net Positive For The Economy (New Investment Capital via,
ie., ipo�S), The Rest Is Tantamount To A (Economically) "Wasteful
Tax" (On The Economy) via 'churn and earn' computerized programmed trades).
�Moreover,
the ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems
remain and there is but an infinitesimally small fraction of the capital and
resources necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., �so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham
(who called the bubble) posits� 585 on the S&P 500 (versus today's frothy
848)� There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 ��Previous suckers� bear
market rally on far worse than expected and particularly significant bad news
provides great opportunity to sell/take profits, especially considering
fraudulent wall street�s previous modus operandi to keep suckers sucked into
this market and their commission dollars flowing, suckers� rallies into the
close, reassuring rallies prior to weekends as this despite unexpectedly bad
news as today, etc., which frauds perpetrated the yet unprosecuted crimes that
have created this current financial debacle. Record 1.33 homes in foreclosure,15 year high for unemployment at 6.7% even
as many no longer looking with things so depressed and worse to come in �09,
record level deficits both trade and particularly budget with money not there
being spent with abandon (worthless Weimar dollars being printed created like
mad which is and will continue to be hyperinflationary regardless of the
current fake reports). Motek has actor/speculator/entertainer/sometimes
economist Ben Stein points to loans in foreclosure hitting new records, paulson
misconduct, lack of oversight/accontability in bailout funds, and the
seriousness of the crisis, but his pointed barbs seem fleeting and is most
memorable by his somewhat blind adherence to policy as indicated by his criticism of Peter Shiff for warning of this
debacle years ago. Motek�s oil analyst says economy so bad that oil demand
down, significant recession in 2009, and hedge funds liquidating positions
putting pressure on oil prices. Finally, Motek elicits from Peter Shiff that
jobs created are being destroyed as fast, phony jobs, bear market and
government making worse by digging deeper hole, phony (worthless Weimar) dollar
rally provides opportunity to get out with hyperinflation to come. GREAT OPPORTUNITY TO SELL INTO THIS SUCKERS� BEAR
MARKET RALLY/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO
COME.� 3 Tell Tale Signs Of This Sucker Rally �, Half-million jobs vanish as economy deteriorates (AP)� , Job losses worst since 1974� Employers cut 533K jobs in Nov., most in 34 years ��, �Late mortgage payments and foreclosures hit record� ,� 1 in 10 homeowners
behind on mortgage payments, or in foreclosure...�� ,� Wall St financiers party like
there's no tomorrow -- literally�
WHERE ARE THE CRIMINAL PROSECUTIONS AND
DISGORGEMENT? It�s been wall street frauds� nirvana (commissioning a huge decline then a huge
incline) at just a program loop, button push, mouse click away. Previous session, modest declines relative to
reality SO STILL GREAT
OPPORTUNITY TO SELL INTO SUCKERS� BEAR MARKET RALLIES/STRENGTH/TAKE PROFITS
WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. CELENTE OF trendsresearch.com,
having predicted the Panic of 2008 now preparing current prognostications for
2009 which will bear the consequential follow-up title to the Panic of 2008;
namely, The Collapse of 2009, further stating there�s nothing they�ve done or
prospectively can do to avoid the complete economic/financial collapse in the
u.s., the seeds for which have already been sown, good money after bad
notwithstanding, the die having been cast. All
business/financial/economic news decisively bad; 26 year high for jobless
rolls, orders to factories down sharply, job cuts current and prospective up
sharply. Motek expert comments on auto bailout saying no new
concesions with UAW cuts merely cosmetic, just down payment on failed business
model/scenario, bankruptcy necessary as costs too high, and on economy says
nation to go deeper into recession owing to intactable structural problems;
i.e., deficits, etc.. Another Motek expert says
very negative economic environment, sees deepening of more prolonged recession,
discusses risk tolerance in such an environment recommending highest quality
debt instruments but does note risk premium in lesser quality instruments. Food stamp use up 17% to 1 in 10 citizens,
bankruptcies soaring, and re-default rates on mortgages rising. Employers
shedding jobs as recession deepens , AP
IMPACT: Some bailout holdings down $9 billion , Governments
brace for long crisis ahead , High
inventory is killing home builders; industry asks for help , It's
Not a Great Time to Get Into Stocks �, Long
Term Investors Should Avoid Leveraged ETFs �, Fixing
the Enron Economy �, US
FEDERAL RESERVE to buy US DEBT? WITH WHAT? ,� Prepare For
Depression Level Unemployment �,� Record
number of Americans using food stamps: report �,� Whether
We End Up Paying For It Through Taxes Or Hyperinflation, It Will Still Come Out
Of Our Pockets �,�� Corporate
Debt Protection Costs Climb Amid Depression Concern �,� Shoppers ready to
call it quits MarketWatch | More than one-third of
consumers chose not to shop at all last month, except on Black Friday,
according to Britt Beemer of America�s Research Group. Lawsuit
claims Citigroup was running a �quasi-Ponzi scheme� �Bloomberg | Citigroup Inc., the
second-biggest U.S. bank by assets, was accused in a lawsuit of repackaging
unmarketable collateralized debt obligations it held and re-selling them to
itself in order to hide its exposure to the securities. WHERE
ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? Previously, suckers� bear market rally
into the close on bad news with wall
street frauds� nirvana (commissioning a huge decline then a huge incline) at
just a program loop, button push, mouse click away. Indeed, all news still realistically and decisively
(and some deceptively otherwise spun to keep suckers suckered) bad:� A
Bleak Outlook: Nov. Job Loss at�
250,000, Economic Weakness ��,� US, China
currency clash over worthless american currency... ,� 61%
oppose auto bailout ��, Meredith Whitney Sees Plenty of Pain Ahead for Consumers
(at BusinessWeek)�
,� Desperate
Times, Desperate Policies ) . One non-Motek expert says these suckers� bear
market rallies on bad news are at best wishful thinking and not sustainable
along with realistically dire outlook. Motek expert says
market for speculators/traders and points to volatility index while failing to
point out that there are very, very few successful traders. [Close
inspection of the data in past times far better than now (now we see
insurmountable trade/budget deficits, lack of manufacturing base, global
antipathy, etc.) disavows such heavily promoted failed strategies as
dollar-cost averaging where stocks prices remain artificially (now fraudulently)
high for far longer periods of time than lower prices (MBA Thesis, Albert L.
Peia, NYU GBA, 1977), limited exceptions being ie., dollar-cost averaging in
declining markets, but only when analysis indicates under-valuation in
prospective terms which is certainly isn�t the case now of rampant
over-valuation/fraud]. (Remember: more contrived wasteful
commissions to the wall street frauds, the level and percentage of which MUST
be examined in light of computerization and decreased costs attendant to same
especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A
Net Positive For The Economy (New Investment Capital via, ie., ipo�S), The Rest Is
Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via
'churn and earn' computerized programmed trades). �Moreover, the
ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems
remain and there is but an infinitesimally small fraction of the capital and
resources necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., �so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham
(who called the bubble) posits� 585 on the S&P 500 (versus today's frothy
848)� There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 �, Auditors
Fault Oversight of Bailout Funds... Previous suckers� bear market rally in the last minutes of the close on bad
news with wall street frauds� nirvana
(commissioning a huge decline then a huge incline) at just a program loop,
button push, mouse click away. Indeed, all news
still realistically and decisively (and some deceptively otherwise spun to keep
suckers suckered) bad: GE lowers guidance but maintains dividend ,� November US auto sales drop to 26-year low� , Data signal deep
global downturn �Financial Times , US manufacturing
hits 26-year low: ISM . How are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems
remain and there is but an infinitesimally small fraction of the capital and
resources necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., �so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham
(who called the bubble) posits� 585 on the S&P 500 (versus today's frothy
848)� There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 �, Auditors
Fault Oversight of Bailout Funds... , Governors
to Seek Up to $100B in Social Aid...� ,
Feds
to expand rescue; reviewing applications from 'hundreds of banks'...
FDIC
head: Gov't plan needs 'exit strategy'...� , �Metal
prices fall further than during Great Depression... �, they�re printing and spending worthless
Weimar dollars and taxpayer funds like mad because they are mad as in crazy,
incompetent, etc.. Previous
session sees modest drop relative to reality [SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
CAN SINCE MUCH, MUCH WORSE TO COME], particularly when you factor in
the reality that the prior 5 day rally of 1,300 points into the last trading
week of the month (much like the end of the prior month) based on bull s**t
alone was a typical fraudulent wall street programmed trade fraud to window
dress the monthly numbers and keep suckers sucked in (and besides, they�ll get
their commissions again on the way down). Upon the formal announcement that
we�ve been in recession since DECEMBER, 2007 I was waiting for Amy Poehler of
SNL Weekend Update to say, �REALLY!� [this site has reported/predicted this
(these) debacle (s) for far longer and in advance of same, including this
recession/depression]. The protracted reluctance (election year expedience) for
some to use the R(ecession) word, spun in the most positive way is to say it is
because this scenario is far worse than even would befit the D(epression) word
in light of the fact that the u.s. like never before in its relatively short
history is broke in every way. If you�ve been suckered, it�s not all your fault
inasmuch as the enablers (politicians, economists, financial experts,
news/media, etc., in receipt of substantial largesse from and) of these
vegetable garden (poison ivy league schools, these �elite� clubs/frats, etc.)
products (vegetables who not only
have never done anything requiring skills or measurable results, but merely are
master bull s**t artists and as in the case of wall street, criminal frauds)
are similarly incompetent, corrupt/venal. After all,
how are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
and hence, virtually all problems
remain and there is but an infinitesimally small fraction of the capital and
resources necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc.. Motek�s expert cites retail liquidation prices
(none to minimal profits, at best), inevitable GM bankruptcy, fed programs done
with money out the door to little or no effect and now talking new
programs�riiiiight�or, with rate at 1%, more rate cuts�riiiiight, big shake-out
to come, credit-card co�s to pull back $2 trillion to survive what�s coming,
retailers with big real estate exposure bust, and market will test lows then
break through said lows to the downside. There was in addition to the
�recession� announcement more dismal news with construction down 1.2% and the
supply/management manufacturing index at 26 year lows. I derive no pleasure in
being a harbinger of bad but true news but reiterate SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN
AS THESE ARE STILL GREAT OPPORTUNITIES TO SELL/TAKE PROFITS SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham
(who called the bubble) posits� 585 on the S&P 500 (versus today's frothy
816)� There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 ��Dow plunges
on news recession began in Dec. 2007 (AP) �, Down
we go again: Fourth-worst drop ever for Dow� , Recession
declared; Wall Street tanks� ,
Fourth-worst drop ever for Dow AP� as wall
street snapped out of its daydream of a rally and once again faced the harsh
reality�� Report Concludes Recession Began A
Year Ago | But the White House and the corporate media
consistently continued to state otherwise. Previous
session, this suckers� bear market ralley remains an especially great
opportunity to sell/take profits while
you still can since much, much worse to come (sell into purported strength
which is just more bull s**t for prospective churn and earn fraud � they�ll get
those commissions again on the way down) IMF
economist says worst of crisis to come: paper� 'Crisis Only Just Beginning': Crisis/Video� Right About the Crash, Peter Schiff Sees Much
More Pain Ahead ��and this suckers� bear market rally was
based upon nothing related factually to finance/economics/business. How are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH
WORSE TO COME. �Indeed, all news still realistically and decisively (and some
deceptively otherwise spun to keep suckers suckered) bad:� SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS
GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS
YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME. IMF
economist says worst of crisis to come: paper . Indeed, all news still realistically and decisively
(and some deceptively otherwise spun to keep suckers suckered) bad:� Biggest runnup in stock prices since 1932
and most know what happened to stock prices for over a decade thereafter (and
america was not broke in every way as now), Ghost malls cropping up with retail
closures/bankruptcies, as predicted by trendsresearch.com [CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX
REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in
the past, says that America will cease to be a developed nation within 4 years,
crisis will be �worse than the great depression.�] , Motek expert from the land of fruits and nuts, the senile wedbush
(if you had listened to his prior prognostications/recommendations several
months ago said suckers might be wiped out by this day) lauds the bailouts
(money u.s. doesn�t really have and taxpayer money the frauds shouldn�t get)
and the b.s. talking points thereby but says workout much longer, while retail
expert points to liquidation prices (but fails to even mention lack of profits
thereby), and poverty now spreading to suburbs. Financial Disaster Will Lead to Civil Disorder in 2009 or
2010, Says Secret Citibank Memo An internal
memo from a top Citibank analyst reveals what the banks really think about the
global financial situation, and the outlook is grim. Citigroup Should Be Held
Accountable Bloomberg Food Prices Will Rise, Causing
Export Bans, Riots Bloomberg Rubin Clones and Other Fakers:
The Obama �Dream Team� �Citigroup says gold could rise
above $2,000 next year as world unravels US debt triggered global crisis
�Encouraged by a wicked wizard,
Greenspan, Bernanke toils at his Weimar dollar printing press� .
Consumer spending down (-1%), consumer sentiment down,
durable goods orders down (-6%), home sales/prices down to new lows and high
supplies, yet suckers� bear market market rally of 400+ points into the close
nostalgically based (which got investors burned in the past) on bull s**t alone
(i.e., more bureaucrats on more painels as per President-elect, etc.) and the
so-called thanksgiving holiday rally. $600 billion plan to support housing
lending ultimately hyperinflationary. New unemployment claims at recession
level 529,000 for the week ended Nov. 22 yet unbelievably lower than private
economist estimates. October durable goods orders plunged by a
larger-than-expected amount, Chicago manufacturing in November contracted the
most since 1982 according to a regional survey, and consumer confidence dropped
to a 28 year low in November, according to the University of Michigan. One
Motek expert in a nearly senile market moment cites pleasant market surprise
(reality dictates otherwise) but in a lucid moment concedes lengthy period to
work out (substantial) problems, while another expert (currencies) cautions the
unintended consequences of�
creating/printing/flooding the markets with worthless (Weimar) dollars
(a policy choice of inflation over fear of deflation) and the dollar
devaluation and ultimately hyperinflationary effects thereof. FDIC Troubled Bank List Grows to 46% - Is Your Bank Safe?
(at Seeking Alpha) �, �Consumers cut spending , Stocks on win streak amid more bad economic
news ,� Cisco plans 4-day shutdown to cut costs� , October home sales fall sharply (Reuters) . The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved and
hence, virtually all problems
remain, will continue to remain, and there is but an infinitesimally small
fraction of the capital and resources necessary to solve them thanks to fraud,
incompetence, lack of knowledge/ability, greed, etc., SO GREAT
OPPORTUNITY TO SELL/TAKE PROFITS WHILE YOU CAN
SINCE MUCH, MUCH WORSE TO COME.� Federal deficit could hit $1 trillion this year� ,�� FDIC's list of 'problem' banks swells to 171 (AP)
, Dollar falls on realistically discouraging u.s.
economic data (AP)� , Third
quarter real GDP was revised to a 0.5% annual rate of decline from a previously
reported 0.3% rate which had rallied stocks and, only in the fraudulent world
of wall street, rallied stocks again though worse than expected Economy shrinks at fastest pace in seven years, Third
quarter personal consumption expenditures were revised to a worse than expected
-3.7% from -3.1%, which rallied stocks �.. riiiiight! , �Consumer confidence
remains at an extremely depressed state despite fake numbers ,The S&P/Case-Shiller Home Price Index
of 20 US cities fell 17.4% year over year � most on record.�� ���'Crisis Only Just Beginning': Crisis/Video� Right About the Crash, Peter Schiff Sees
More Pain Ahead ���Crisis
Only Just Beginning': Right About the Crash, Peter Schiff Sees Much More Pain
Ahead ��VIDEO� �Previously, from the outset the wall street
frauds were again determined to keep the suckers suckered with a near 500 point
rally into the close. Existing home sales down 3.1% and much worse than
expected. Motek�s expert Peter
Shiff correctly points out that the so-called policy-makers,
economists, etc., don�t know what they�re doing, that they can�t borrow (or
print worthless Weimar dollars) and spend (money they don�t have) their way out
of this debacle, that the bailout funds are merely providing undue
bonuses/compensation for failed (and fraudulent) performance, that crisis will
be exascerbated with (unavoidable) hyperinflation (inevitable thereby owing to
crashing/worthless Weimar dollar) and ultimately even deeper/worse/more
protracted economic decline, that auto industry is over-paid (especially
relative to competition, legacy/pension costs, etc.), and importantly, the
government has no money so they either have to borrow or print same which will
make the economy much worse. Cost of Bankster Bait and Switch Now $7.4 Trillion �Another
expert says quick bankruptcies would have been the preferred course for optimal
results, while another emphasizes quite correctly that the so-called experts/team now cheered (wall
street frauds� b.s. talking/rallying point) are those whose experience is
having created the very problems they are now called upon to solve (hence,
cover-ups, etc., but ineffectual). [Good management dictates that a clean sweep
was warranted]. Realize that the products of the vegetable gardens (the poison
ivy league schools producing these vegetables) are vegetables who not only have
never done anything requiring skills or measurable results, but merely are
master bull s**t artists and in the case of wall street, criminal frauds
enabled thereby. ��Downey Savings taken over by regulators [ Colossal Financial Collapse: The Truth behind the Citigroup
Bank �Nationalization� ] over
the weekend. Obama�s Economic Foxes To Guard Financial Henhouse Today
President elect Obama officially introduces his economic team to the world.
What many may fail to recognize however is the fact that those tasked with
rescuing the economy are the very people who helped create the financial crisis
in the first instance. CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX
REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in
the past, says that America will cease to be a developed nation within 4 years,
crisis will be �worse than the great depression.� Budget
deficit hits record; jobless claims surge Foreclosure
rates up 25 percent year-over-year Banking crisis
claims more u.s. victims How
are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH
WORSE TO COME. IMF
economist says worst of crisis to come: paper . Previous, suckers� bear market rally was based upon
nothing whatsoever relevant to finance/economics/business , yet again the wall
street frauds were determined to keep the suckers suckered through the weekend
with a near 600 point rally into the close. All news was decisively bad Federal regulators shut 2 California thrifts and though looking for a reason to rally, they found
none because there are none HU: World economic situation
'grim'... , based on
valuation and prospective substantial deterioration in economic conditions
exascerbated by their massive fraud; but the invented reason for the suckers�
rally was the appointment of Geithner, a quintessential bureaucrat ultimately
dependant upon other bureaucrats who are dependant upon the very corrupt monied
interests/frauds (and their lobbyists) who created (through their crimes) the
current financial crisis. Moreover, as head of the N.Y. Fed he is no stranger
to cover-ups/bailouts in light of the missing/unaccounted for $4+ TRILLION at
the N.Y. Fed $4 trillion plus is missing through U.S. federal
agency accounts managed by the NY Fed.
Renowned economist Mikhail Khazin : U.S.
will soon face second �Great Depression�� ,
Grantham (who called the bubble) posits� 585 on the S&P
500 (versus today's frothy 852)� There is more hurt in store for the
U.S. equity markets. If you are still thinking of riding this one out, consider
Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of
40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S.
would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 �The lunatic wall street
frauds� desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved and hence, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence, lack
of knowledge/ability, greed, etc., so great opportunity to sell/take profits while you can since much, much worse to come. Leading economic
indicators fall again a more than expected .8%, new claims for unemployment a
high more than expected 542,000 while continuing claims at 4,000,000 a 16 year
high and more than expected, Philly Fed Index down to a worse than expected �39. Jobless Claims Hit 16-Year High, Above Forecast ��Congress extends jobless benefits; stocks fall 400� World stocks down amid reality of deep recession
(AP) CELENTE CORRECTLY PREDICTS
REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in
the past, says that America will cease to be a developed nation within 4 years,
crisis will be �worse than the great depression.� Budget
deficit hits record; jobless claims surge Foreclosure
rates up 25 percent year-over-year Banking crisis
claims more u.s. victims How
are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street
frauds� desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of trillions
of fraudulent/worthless securities, etc.) have been addressed much less solved
so sell into rallies/strength/take profits while you can since much, much worse
to come. �Previous session, modest losses relative to
reality to keep the suckers� suckered especially in light of grim
economic/business/financial news so still great opportunity to sell/take profits while you can since much, much worse
to come. Housing starts down a
record 38%, building permits down 14.5%, and outlook grim. Motek�s expert discusses
30 reasons for Great Depression 2 by 2011 citing completion of first wave of
the meltdown-dot.com bust, second wave-sub-prime debacle, and the on-going
climactic financial/economic meltdown pointing to the 42,000 lobbyists, autos,
etc., saying they just don�t get it, while another expert analyst says new lows
across the board having broken through support levels. Motek�s p.r. expert says auto
execs flying to d.c. in private jets to beg for taxpayer money bespeaks their
stupidity, and his travel expert discusses the newly value-conscious consumer. Fed
sharply lowers forecasts, hints of rate cut which ploy previously sparked b.s.
suckers� bear market rallies based upon nothing at all but reality says with
only a point to zero and much worse to come is just plain b**l s**t . Deflation:
Here, Now I�ve been warning of
deflation for some time. Specifically, I predicted 1 1/2 to 2 years of
deflation, followed by hyperinflation. Well, deflation is here.�Slush fund� � �Banana Republic� � �Keystone Kops.� Technical Economic Indicators Worsening Again Deflation: Here, Now I�ve
been warning of deflation for some time. Specifically, I predicted 1 1/2 to 2
years of deflation, followed by hyperinflation� Previous
suckers� bear market rally into the close with 300+ point swing to the upside
[wall street frauds� nirvana commissioning a huge decline then a huge incline
just a program loop, button push, mouse click away] into the close to keep the
suckers suckered as the lunatic
wall street frauds� desperation linked to their substantial crimes and booty
which must be disgorged through prosecution, none of the real problems
(hundreds of trillions of fraudulent/worthless securities, etc.) have been
addressed much less solved and hence, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., so great opportunity to sell/take profits while you can since much, much worse to come. Homebuilder reality-based sentiment index plunges to
record low� Economy so
bad commodity prices plunge along with PPI. �Grantham
(who called the bubble) posits� 585 on the S&P 500 (versus today's frothy
859)� There is more
hurt in store for the U.S. equity markets. If you are still thinking of riding
this one out, consider Japan. Japan's Nikkei 225 is our window into the future.
From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar
correction in the U.S. would translate into Dow 2,500. , Forecasters:
U.S. in at least, unrealistically optimistically, minimum 14 month recession� The Great Depression of the 21st Century: Collapse of the
Real Economy�� �The Dollar Standard Is Coming To
An End� �Financial Crisis Tab Already In The
Trillions...� �Busted
in Washington �Housing starts expected to hit
half-century low ��Washington
is Powerless to Stop the Coming Economic Depression ���Whitehead
sees slump worse than Depression ��Dollar�s Days Numbered, Buy Commodities: Jim Rogers
���America�s economic crisis is beyond the reach of
traditional solutions ��U.S.
Retail Sales Drop in October by Most on Record . (Banker Bailout Costs $5 Trillion So Far ), (Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil
to $300 Within Months ), (Soros says deep recession inevitable, depression likely ),
CELENTE CORRECTLY PREDICTS
REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in
the past, says that America will cease to be a developed nation within 4 years,
crisis will be �worse than the great depression.� Budget
deficit hits record; jobless claims surge Foreclosure
rates up 25 percent year-over-year Banking crisis
claims more u.s. victims How
are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street
frauds� desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved so sell into rallies/strength/take profits while you can since
much, much worse to come. 53,000 layoffs from Citigroup, and many
more announced and may more to come from a multitude of companies to yield
predicted 8-10% unemployment (conservative-some higher). Motek in a somewhat
philosophical mood cites blue chips as cow chips (cow pies, manure, etc.),
while his expert joins the metaphysical fray quoting �to save man from his
folly is to people the world with fools� and goes on to say everything looking
bad, things are not good, how long the deep recession-don�t know, not there
yet; while another expert says things have gone from bad to worse.�
Indeed, one expert says US
To Lose Its �AAA� Rating/face default/bankruptcy,� while Motek�s expert says market poised to test
new lows, points to uncertainty regarding bailout equivocation/changes and
talks up, in a somewhat borderline senile fashion, some beaten down stocks on theory government will bail them
out�riiiiight! Another Motek expert, actor/speculator/economist Ben Stein says
hanky panky Paulsen perjured himself before congress and should be prosecuted,
points to incompetence regarding bailout saying couldn�t have been handled
worse and not mentally up to it.� �One Aspect of the Massive (Securities)
Fraud/Fraudulent Wealth Transfer is Aptly Described/Illustrated in this Comment, [how are these frauds not being prosecuted and forced
disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.) have been addressed much less solved], Renowned
economist Mikhail Khazin : U.S. will soon face second �Great Depression�� , Grantham (who called the bubble) posits�
585 on the S&P 500 (versus today's frothy 852)� There is more
hurt in store for the U.S. equity markets. If you are still thinking of riding
this one out, consider Japan. Japan's Nikkei 225 is our window into the future.
From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar
correction in the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 ��The
immortal words of J.P.Morgan remain apposite as � it is not so much the return
on the money as it is the return of the money� ,� so sell/take
profits while you can and preserve capital. Previously modest losses relative to reality with rally/programmed trades
to the upside into the close to finish off substantially lower lows to keep the
suckers� suckered despite grim economic/business/financial news so still great opportunity to sell/take profits while you can since much, much worse to come. America is now a
nation of bank holding companies (to take advantage of involuntary taxpayer
bailouts), paper hanging wall street frauds (it�s the worthless multiplicity of
securitized and heavily commissioned worthless paper that is the problem), and
brazened ponzi�s (sic) (more, more, and more funds to keep their commission
ball rolling) on wall street; and of course, their marks. Banking crisis
claims more u.s. victims How
are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars?
The lunatic wall street
frauds� desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved so sell into rallies/strength/take profits while you can since
much, much worse to come.�� Previous suckers� bear market rally/programmed
trades to the upside into the close to keep the suckers� suckered so still great opportunity to sell/take
profits while you can since much, much worse to come, as stocks finish only modestly lower relative to
reality on grim economic/business news across the board, viz., b.s. talking point gives way to reality that
China stimulus plan lessens availability of funds for the purchase of worthless
u.s./dollar denominated securities/assets and may even require sale/redemption of
same, GM shares hit 62 year low at $3.36 as analyst says said shares will go to
- 0- (nil, with Ford�s shares at $1.93), Motek expert points to employment
contraction for 15 months in a row and Conference Board Report regarding said
job losses; while another emphasizes the futility of the bailouts which are get
worse/larger in reference to what he terms slush funds, the bank tax windfall
initiated in the dark of night, things will get progressively worse in the
upcoming administration, u.s. spending far beyond means, and rapidly
depreciating u.s. dollars and assets; DHL ending u.s. ground ops and 9,500 jobs,
Security Pacific the 19th u.s. bank failure, etc., Fed's bailout for AIG swells to more than $150B , Fannie posts $29B 3Q loss, $100B may not be enough , Renowned
economist Mikhail Khazin : U.S. will soon face second �Great Depression� , bankruptcies, defaults, foreclosures,
hyperinflation around corner on worthless Weimar dollars, etc.. Previous
session, sell into these suckers� bear market rallies/strength/take profits while you
can as much, much worse to come. Much worse than expected jobs (240,000 lost, unemployment to 6.5%) and auto
news (operating earnings losses of $4 billion for GM and $3 billion for Ford
for 3rd quarter) rallies stocks (riiiiight!), in a largely forgettable Motek
business hour even his oftimes wall street shill expert admitted to his credit
that their was absolutely nothing to account for the rise in stock prices this
day especially in light of the substantially bad and worse than expected news,
says GM has enough cash to last to spring while Ford till summer, and says
volatility for rest of the year. Economist says worse to come as very severe
recession at least through 2009 and into 2010, and also there�s allusion to yet
another taxpayer bailout of auto pension funds and auto co. bankruptcies. The wall street frauds must be prosecuted and
disgorgement required. Jobless rate at 14-year high as above expectation
losses continue��� GM, Ford losses worse than expected, burning cash���� Jobless ranks hit 10 million, most in 25 years�� Ford announces $129M 3Q loss, burns $7.7B in cash�� Jobless rate bolts to 14-year high of 6.5 percent Previous, another modest drop relative to
reality [Grantham (who called the bubble) posits�
585 on the S&P 500 (versus today's frothy 904)� There is more
hurt in store for the U.S. equity markets. If you are still thinking of riding
this one out, consider Japan. Japan's Nikkei 225 is our window into the future.
From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar
correction in the U.S. would translate into Dow 2,500. ], downbeat
economic data, first-time claims for unemployment at 25 year high and worse to
come, abysmal retail sales worst in 3 decades, unit labor costs rose at a
higher than expected 3.6% annual rate as the ultimately hyperinflationary
effects of printing/creating like mad those worthless Weimar dollars, and weak
business prospects, virtually all problems remain and there is
but an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc., so still great opportunity to sell/take
profits while you can since much, much worse to come. �Previous
session sees modest drop relative
to reality though record post-election plunge so still great opportunity to sell/take
profits while you can since much, much worse to come. All news so bad (reality even worse) that even shill co.
ADP can�t hide at least 157,000 lost private sector jobs where deep cuts are
necessary, Challenger et als say layoffs will abound with cuts broad and deep,
Motek expert says dismal market for at least next several weeks but cautious
citing some oil, engineering, utilities, healthcare opportunities with caveat
along with some emerging markets, service sector much weaker than expected and
planned layoffs highest in three decades. Treasury wants to borrow
record $550B... US-led strike kills 36 Afghan civilians U.S. as slowing economy/runaway spending balloons the budget deficit to a record
level to Sell $55
Billion in Long-Term Debt Next Week �Previous session, all news decisively
bad with dollar down, oil up, factory orders declining 2.5%
month-over-month after dropping 4.3% in August, much worse than the 0.8%
decline that was expected, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so sell into rallies/strength/take profits
while you can since much, much worse to come. Previous, (
Worst is yet to come for
economy ) as
economic/financial news so bad [ ISM index shows biggest downturn in economic activity since 1982,
corrupt, scandal-scarred commerce department comes in with 40% better than
expected false construction numbers though still down a hefty .3%, 90% of
private economists say we�re in a recession and we�ll see much more lagging
effect to the downside, realization that bad economic conditions going forward
not frozen credit affecting lending despite their lies/fraud to buttress their
fleecing of the treasury, Motek expert says another washout coming and we�ve
not heard the last of those, ie., banks, companies, brokerages, etc., under the
waves] , that lunatic frauds on
wall street develop new b.s. talking point to keep suckers sucked in to this
market so the wall street frauds can keep eating away at suckers� money by
commissioning same, the new talking point being �the election�. What total b**l
s**t! They�re just a bunch of criminally insane vegetables who can�t do
anything that they�re supposed to do well, ie, economics, finance, accounting,
etc., and are hoping to escape accountability for their crimes. They must be prosecuted and
disgorgement required because 1) It�s
the law and to create a deterrent prospectively 2) Restore credibility and
confidence in prosecutorial, regulatory, government/governmental bodies as
opposed to their being accomplices, and the markets (which are just that;
marketplaces, like fish markets, commodity markets, flea markets, etc., no big
deal, particularly as the frauds operate them)�
3) It�s the right thing to do because of the magnitude of the fraud (in
the hundreds of trillions by some educated assessments) in the many trillions
and the fraud on taxpayers (who have been damaged by their fraud and) by
bailouts that are finding their way into compensation/bonus packages for the
perpetrators ��. Previous session, suckers� bear market
rally for window dressing for dismal month and quarter to keep the suckers
suckered in this secular bear market. Are you a sucker? One in five homeowners
owe more than homes are worth, more unemployment to come, many more defaults
personal/commercial, many trillions of previously commissioned worthless paper
still carried/not written down, etc.. One of Motek�s experts, to his credit,
points to reality in saying retreat to cash (take profits) in rallies as these
(rallies on bad news), record declines in spending, economy has lots of
negatives, insurance companies have lots of negatives, hedge funds liquidating,
and importantly, 60% of trades computerized so great for generating commissions
but bad for real value (as this week) and very volatile; while another expert
echoes bear case as spending down across the board; while another empahasizes
bad month on top of bad month for autos;�
while another says 2008 behind only 1929 and 1987 for bad; and another
says no more room for rate cuts, more regulation, mortgage rates up; and
finally, political and economic uncertainty cited. In sum, u.s.
stocks over-priced and dollar will drop like a stone (excessive
printing/creating/debt), Stocks: A
Bear Case ��so sell
into rallies/strength/take profits while you can as much, much worse to come.
Don�t forget, THEY NEED YOUR MONEY TO COMMISSION and the lunatic wall street frauds� desperation
linked to their substantial crimes and booty which must be disgorged through
prosecution . Despite another big advance on Friday, paper
losses in the U.S. stock market came to $2.5 trillion for the month, according
to the Dow Jones Wilshire 5000 Composite Index, which represents nearly all
stocks traded in the United States. The 17.7 percent decline was the worst
since the 23 percent drop in October 1987 and 1929. Previous day, suckers� bear market rally on bad news. U.S.
Economy: GDP Shrinks (even with fake better than expected GDP numbers from
corrupt commerce department) at Fastest Pace Since 2001 The
government falsely reported Thursday that the economy shrank only 0.3 percent
in the July-September period, still a significant slowdown after growth of 2.8
percent in the prior quarter in the summer, sending the strongest signal yet
that a deep recession has already begun. Consumer spending, which accounts for
two-thirds of the economy, dropped by the largest amount in 28 years in the
third quarter. One expert says multiple levels of things going wrong in u.s.
recession, ie., consumer spending down and declining, housing recession,
fraudulently worthless investments, worthless Weimar dollars that are being
printed/created like mad, etc.. Another expert says fake GDP number in 3rd
quarter does not capture slowdown which will be reflected in 4th quarter with
minimum 2-4% decline. How are these frauds not being prosecuted and forced
disgorgement and preposterously getting taxpayer dollars?
The lunatic wall street frauds�
desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved so
sell into rallies/strength/take profits while you can since much, much worse to
come. Previous session,
government (fake) numbers on durables (130% better than private estimates�I
don�t think so!) and prospectively dollar-crushing 50 basis point rate cut� (discounted b.s. talking point many times
over by market in prior sucker session), 2.7% drop in the dollar,
fed heads said the pace of economic activity has
"markedly" slowed as consumer expenditures declined, while inflation
pressures are expected (despite worthlessness of the Weimar dollar) to
(temporarily) moderate due to the (temporary election year) drop in commodity
prices and weaker economic prospects, so still great opportunity
to sell into rallies/strength/take profits while you still can (like now) since
much, much worse to come as all problems remain. Previous session, all news decisively bad with consumer
sentiment far below expected 52% but realistically at 38%, personal
bankruptcies/business bankruptcies up sharply (Euler Hermes ACI: Substantial Increase In Business
Bankruptcies and worse in 2009 ... , Personal Bankruptcies Increase and 2009 expected to be worse
), Office Vacancy Rates Nationwide Keep Climbing; 2009 will be
worse ... , US consumer debt reaches record levels , U.S. budget deficit swells to record $455 billion | Reuters
, White House projects record deficit for 2009 - CNN.com
, dollar down and dying, record trade deficits, (Lost growth
is cumulative. Thanks to the record trade deficits accumulated over the last 10
years, the U.S. economy is about $1.5 trillion smaller. This comes to
about $10000 per worker. The damage grows larger each month, as the Bush
Administration and Democratic Congress dally and ignore the corrosive
consequences of the trade deficit), war crimes/profiteering and global disdain
for america and all things american and preposterously based on b.s. alone ie.,
dollar negative talking point of interest rate decrease (hyperinflationary as
will be seen post-election), etc., suckers� bear market
rally on decidedly bad news, none of the real problems including many trillions
of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar
dollars being printed like mad, have even been addressed much less solved
(election-year expedience), lunatic wall
street frauds desperation linked to their substantial crimes and booty which
must be disgorged through prosecution,�
so sell into rallies/strength/take profits while you can since much,
much worse to come.
THE DOW JUMPS 900 POINTS.
SO WHAT? BY MORGAN HOUSE
October 28, 2008� Only in today's
market can the Dow have one of its biggest gains ever, on a day when consumer
confidence logged its worst readings since it's been followed. After the Dow's
nearly 900-point rally today, on what seemed like nothing but loads of bad
news, you're right to stand back and wonder what in the world to make of this
absurd volatility -- and more importantly, how to invest around it.The short,
easy, and honest answer is that this volatility is spectacularly unreasonable,
and you're foolhardy to try such an approach. Think about it: Only a few weeks
ago, the Dow soared an equally impressive amount -- 936 points -- sending a
wave of euphoria over markets, as if our troubles were behind us. Within days
... poof! The gains were gone. There's little reason to jump for joy over
today's gain, either. Call me a party pooper, but the bad news in the
economy hasn't disappeared, my friends�
�Reality from Farrell: Bottom line: You've been scammed: This is total
incompetence, � unethical and criminal. If you put your hard-earned $12,000
under the mattress for the last decade, it would have been worth more than the
$11,671 accumulated in a mutual fund. But actually it's far, far worse! Now if
you also deduct the fund's 5.75% load (and/or commissions) and inflation of
more than 30% the past decade, you see the stock market's a real loser. In
short, after 10 years of blindly trusting the Wall Street's advice about
stocks, it turns out that investing in the stock market is not a money-making
machine, but a big fat greedy black hole that gobbles up your money.�� ECONOMICS GURU:
WORST IS YET TO COME; MARKETS WILL CLOSE FOR UP TO WEEK FROM PANIC...� More from
Grantham: S&P to 585. He called the bubble, how could anyone doubt his
valuation (although even lower is more realistic)? �Jeremy Grantham � (some) benefits to the crisis, including
increasing personal savings, an end to the hedge fund era, a reminder that
government officials are not to be trusted, �among others�Grantham posits� 585
on the S&P 500 (versus today's 877). Frank Motek (back from vacation to
save his business hour � none too soon since his program suffered mightily in
his absence) experts say: lack of liquidity, new homes and home prices downward
trend to continue, expect revisions; another says other nations loaned to u.s.
and getting burned, spending in Europe more difficult to ramp up, $2 TRILLION
more debt, fed buying u.s. debt which is hyperinflationary, consumer maxed out,
grim outlook; another, a wall street shill points to better than expected new
home sales [from scandal scarred/corrupt commerce department�riiiiight �(Home sales rise according to discredited commerce department
relative to revised downward prior months sales (riiiiiight�that�s the way to
work the statistics�at least the prior months fake stats can still be good for
something) but prices sharply fall)] but to his
credit does say there are a pile of concerns including liquidation of
positions, �n carry trades� (sic), yen/dollar disparity; r.e. analyst says median
price for homes still heading down and another says new home sales this month
not sustainable, foreclosures high even with freeze; oil analyst says oil
demand in China down, impacting price; finally, another analyst says temporary
dollar spike because of unwinding of leveraged trades (in dollars),
commodities/assets/metals decline as investors/traders/holders sell off assets
(cover margin calls, redemptions, etc.), u.s. stocks still over-priced and
dollar will drop like a stone (excessive printing/creating/debt), Stocks: A
Bear Case ��so sell into
rallies/strength/take profits while you can as much, much worse to come.
Previous session: you know the worst is yet to come when the so-called wizards
of fraudulent wall street laud the day�s 5-9% decline as a pyrrhic victory
(coulda been worse�..riiiiight!) that is neither victory nor the end of the
downward adjustment to reality and the scope of their fraud, indeed one expert
now points to the realization that america�
has become the exporter of economic weakness/fraud as hedge funds, etc.,
continue to liquidate positions/assets (margin calls, redemptions, etc.) , sell
into rallies/strength/take profits while you can as much worse to come.� Markets Nosedive on Grim Economic News , World markets sink as recession realities spread ,
79th anniversary of 1929 Wall
Street Crash... �,� previous day suckers�
bear market rally/400 point swing/programmed trades to the upside into the
close on decidedly bad news �I don�t think so!� sell into rallies/strength/take
profits while you can since much, much worse to come �Economist Roubini Predicts Hedge Fund Failures, Panic,
Closed Markets �,� �Job losses accelerating, and the worst is ahead� , Banks borrow record amount
from Fed... �, on
top of previous day�s near 200 point swing to the upside into the close to keep
the suckers suckered as �experts� say: earnings 11% below expectations,
business bad and getting worse, recession, substantial job cuts, big problems
in Europe including writedowns of u.s. originated worthless fraudulent paper /
another says realization source of the now global problems is u.s., fed
throwing money at problems (wall street frauds) but not making it to the
economy, not enough money to cover the negative (fraud) and need for flush out
and adjustment of inflatede/bubble/illusory values, and another says reality
implies 25% decline which is worst since 1937, sell into rallies/strength/take
profits while you can since much, much worse to come� Recession
Will Last At Least Two Years: Roubini ��,� Recession Now: It's Deep and It's Going to Last a Long Time,
Sonders Says ���;
previous day modest losses relative to reality as only 15% of americans believe
the nation is going in the right direction (what dummies!) which is slightly
more than congress� approval rate and just slightly less than bushes� approval
rate, More banks may fail, IMF warns� , �Weak profit picture and weak/declining economy
worries and fear of being held criminally accountable for their fraud hurt Wall
Street� , sell into
rallies/strength/take profits while you can since much, much worse to come ,
previous day�s suckers� bear market rally on bad or false news as ie., leading
economic indicators up though all economists expected down since major
components thereof (stock prices, manufacturing/industrial indices, employment,
etc.) all down, economy so bad they�re going to print more worthless
hyperinflationary Weimar dollars (that they don�t really have), gave another
$12 billion to AIG on top of the other billions of taxpayer funds, yet none of
the real problems including many trillions of worthless paper, deficits
budget/trade, hyperinflationary/worthless Weimar dollars being printed like
mad, have even been addressed much less solved (election-year expedience) so
sell into rallies/strength/take profits while you can as much worse to come , The
Crumbling U.S. Economy, Worse is Yet to Come �,� Worst slump since
Great Depression ��,�� Rapid Downward Revisions in Expected
Economic Growth �, and all this b.s. despite reality on top of
previous session suckers� 500 point swing/programmed trades to the upside into
the close to close modestly lower on much worse than expected news on top of
previous suckers� bear market rally/800 point swing/programmed trades to the
upside into the close on decidedly bad news �I don�t think so!
The average
investment-grade industrial company bond is yielding 4.95 percentage points
over Treasuries with comparable maturities, Moody's says. That's about the
long-term average for much riskier junk bonds. "It's the widest level
since 1932-1933," says John Lonski, Moody's chief economist. That was
during the, ahem, Great Depression.
Searching for Mr.
Goodlow �[ While you certainly want to buy low (and
sell high), in light of the crushing debt, deficits both budgetary/trade,
global antipathy because of war crimes/profiteering, transfer of manufacturing
base, and greedy frauds on wall street, corruption at all levels, etc., this
time is like no other for america in the most negative sense, particularly
since the average multiples for S&P for the past 5 years were based upon a
huge fraud bubble and hardly a benchmark/guideline. The saying/axiom of
J.P.Morgan remains apposite as � it is not so much the return on the money as
it is the return of the money�. ]
Building starts/permits and new home sales
down 8.3% and 6.3% to worst levels in 17 years, drop in consumer sentiment
highest ever recorded so great opportunity to sell/take profits while you still
can since smart money (and reality) say trend is much lower Billion-Dollar Fund Manager, Dow To Sink To 5,000 �,� Roubini: Dow 7,000 Likely 'Sometime Next Year' ��, Dow Jones Bloodbath Mirroring 1929 Rout �Bottom should be
around 27 per cent below �bailout bounce� according to analyst , since none of
the real problems including many trillions of worthless paper, deficits
budget/trade, hyperinflationary/worthless Weimar dollars being printed like
mad, have even been addressed much less solved (election-year expedience) so
sell into rallies/strength/take profits while you can as much worse to come,
(they�re so desperate for b.s./fraudulent talking points/sizzle to sell that
the rumor (Microsoft to buy/destroy Yahoo) sparks rally though denied by both
companies, spin lower prices as positive when reality is that economic
conditions/prospects so bad that demand has precipitously fallen, Philly fed
Index down sharply indicating contraction, Real Estate/Builders� Index
lowest/Worst reading since inception, lunatic
wall street frauds desperation linked to their substantial crimes and booty
which must be disgorged through prosecution, volatility index at new
record, previous session reality trumps the new fraud as markets can�t hide
from the plethora of bad economic news albeit sugar-coated for election year
purposes as retail sales down 1.2% for month and as well, year-over-year and in
all regions, beige book says economic activity down in all regions� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink
To 5,000 ���sell into
rallies/strength/take profits while you can as much worse to come and remember,
fool you once, shame on the wall street frauds who should be in prison,
fool you twice, shame on you and you�re screwed, one expert
described the bailout as money down a black hole� Total Bailout Cost Heads Towards $5 TRILLION ��, shreve of investors� (shouldn�t that be
traders�) business daily said became negative on market in August and all cash
in September [but previously, 6-3-08, SHREVE OF INVESTORS BUSINESS DAILY
NOW NEGATIVE ON MARKET (YA THINK), WAS BULLISH JUST RECENTLY ENOUGH FOR BULL
TRAP (OR JUST PLAIN BULL CRAP) AND CITES HEDGE FUND SPECULATORS, SUPPLY/DAMAND
FACTORS (OIL RISE, ETC), LEADERSHIP TURNED NEGATIVE WHICH FED MINUTES
CONFIRMED, implying that somewhere in between he was positive ] but to his
credit states we�re in a recession�some quarters of negative growth/contraction
ahead�takes considerable time for fed steps/missteps to take effect�and 7-8%
unemployment, while fed governor janet yellen says we�re in a recession�daaah!,
while another cites consensus that the financial crisis won�t be over anytime
soon�� US confronts reality of long, deep
recession/depression�
,
�� The global
economy is going through a "profound shift" as it deals with the
unwinding of debt leverage, which Todd Harrison, CEO of Minyanville.com
calls "the mother of all bubbles."
As with the tech bubble before them, bubbles in housing, commodities and hedge
funds were all made bigger because of the unfettered use of leverage. The
unwinding process is going to result in a "prolonged period of
socioeconomic malaise," he says, predicting unemployment will rise will
into double-digits before the cycle turns.
� The
most recent batch of economic data certain support a grim outlook:
�
Industrial production plunged 2.8% in September,
the biggest drop since September 1974.
�
The National Association of Home Builders'
housing market index hit a record low.
�
The Fed's October Beige Book showed across-the-board
weakening of activity in all 12 reporting districts.
�
September retail sales fell 1.2%, the biggest drop since
Aug. 2005.
previous session saw modest losses relative to reality
with near 300 point upswing into the close on bad news (to keep the suckers in
� were you a sucker?�the frauds on wall street are counting on it as today�s
session proves) including record budget deficit at $454 billion and much worse
next year, they�re treating symptoms not the problems so good money after bad,
substantial unwinding of derivatives and market manipulation by programmed
stock purchases, u.s. gov�t selling treasuries to finance debacle pushing
interest rates higher so sell/take profits, The Wall Street Coup and the Bailout Scam Bailout $700 billion yet national debt increased by over $1 trillion,They socialize their losses and privatize their gains �.. How is this
happening?� Paulson Doles Out $125 Billion to Wall Street Elite �What a total
fraud/scam!�� A
Trillion Dollar Bait and Switch: The Bailout and the Smell Test ����This is a secular bear market � check out
the cycles.� �Roubini
Sees Worst Recession in 40 Years, Rally�s End ��, previously Motek�s expert Art Hogan says
crisis not over, daaaaah!, buuuttt and for the first time sounds like a typical
wall street shill and loses all credibility thereby, while another non-Motek
expert says will retest lows which is euphemistically correct while pointing to
comparable spike/decline in 1929 et seq. Great Depression scenario , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink
To 5,000 , �b.s. talking
points and all based upon other nations, Europe and Asia like lemmings again
following america into the abyss (Iraq, etc.) since none of the real problems
including many trillions of worthless paper, deficits budget/trade,
hyperinflationary/worthless Weimar dollars being printed like mad, have even
been addressed much less solved (election-year expedience) so sell into
rallies/strength/take profits while you can as much worse to come and remember,
fool you once, shame on the wall street frauds who should be in prison,
fool you twice, shame on you and you�re screwed, as this and
previous session�s programmed buy trades to keep the suckers sucked in and
commission dollars flowing (the shameless wall street frauds made hundreds of
millions last week and today on high then moderate volume as government/banks
closed for holiday), thousand point swings to the upside- I don�t think so, as
yet again those needful things on wall street get even MORE, MORE, MORE, MORE,
MORE for the poor (not really, in light of the mega billions in fraudulently
derived commissions, bonuses, compensation, which should and must be disgorged
through prosecution) frauds on wall street, retail down, unemployment at
recession levels, modest losses relative to reality so sell into strength/take
profits, get your money out while you can and don�t forget that the worthless
hyperinflationary Weimar dollars they�re printing like mad will, like the
current fraud unraveling, come home to roost�
[Rogers:
Global Bankers Have Unleashed Hyperinflationary Holocaust ] making, assuming arguendo there are,� any wild-eyed purported gains to come
illusory/non-existent at best and further, national (and consumer) debt and
lack of industrial/manufacturing base/trade deficits make previous recovery
comparisons preposterous, Motek�s expert says on-going bear market since 2000
(market down 75% as measured in gold) with continued massive liquidations to
pay off debt and that attempts to reflate with bailouts will fail culminating
in hyperinflationary depression, while another expert says stocks could slug
around at bottom for extended period, while Financial Times Editor says most
volatile day ever, not at tradable bottom, and this was a market crash at �40%
from top. GM shares on credit watch with negative implications
by S&P tumble 31 percent to 58-year low , Roubini: Rate Cuts Temporarily and Minimally Reduce
Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' , dollar down, oil
up, Motek�s expert Bogel of Vanguard fame points to speculative measure for
wall street in 1929 as 280 which is even below and not as bad as the current
measure of 320 in year 2008 indicative of the ridiculousness of the wall street
debacle, It's Not You, It's the Market - Now Officially the
Worst S&P Decline in History �,on top of previous sessions needful things
on wall street saying MORE, taxpayer money to bail them out for their
consummate fraud, etc., MORE now EU/Asian/fed/taxpayers�
cooperation/contribution for their past, present and future frauds, etc., to
keep their ponzi-like scheme of worthless paper moving; how about prosecution,
prison, fines,� and disgorgement for
these mega billion dollar frauds, as 500 point swing to the upside into the
close (get your money out while you can-sell into strength/rallies/take
profits) on yet another b.s. talking point (I don�t think so and neither does Cramer says Get Out Of The Market ) as Motek�s expert apparently shell-shocked talks in terms of washout
levels while another says bailout will take about 4 weeks to implement and not
sure if same will work [WON�T! There are trillions (some say in the
hundreds of trillions) of the fraudulent worthless paper out there] and points to
negative economic fundamentals and says reduce exposure to equities in favor of
ie., money market treasuries, previous day buy on rumor, sell on news (of fraud
bailout) obtains, fundamentals horrendous as economy loses more than expected
159,000 jobs, Motek�s economist/expert/trader says serious economic issues
remain and cites �73 to �74 when market fell 45% top to bottom while securities
expert says now focus is on fundamentals and not a pretty picture and cautions
about dilution, get your money out while you can-sell into
strength/rallies/take profits-that�s what they did , previously hopes for
fraudulent $4 trillion plus is
missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! �wall street fraud/criminal bailout �Grand Larceny� on a Monumental Scale: Does the Bailout Bill
Mark the End of America as We Know It? �can�t change
reality as unemployment numbers highest in 7 years, factory orders decline to
lowest level in 2 years, food prices with largest increase since 1990, previous 200 point swing to the upside on top of 485 point� previous day gain with all seriously
negative news including sales drops of 16% at GM and 35% at Ford so sell into
these rallies/strength/take profits whil you can, economist Brusca points to grim economic/financial data and outlook
even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink
To 5,000 �, U.S. Sept. ISM manufacturing index plunges to 43.5% (worst
since 1955), Bailout Would Only Prolong Crisis: Jim Rogers �,except for scandal-scarred corrupt commerce
department which reported unexpected rise in consumer sentiment
(riiiiight�things are so hunky-dory), all news decidedly negative with home
prices falling an unexpected record�
16.3 %, etc. Bailout marks
Karl Marx�s comeback �This is not brain surgery and the fraud,
bonuses/compensation (mortgages, subprime and otherwise, are only a relatively
small portion of the fraud/scam providing �cover/collateral� for the worthless
but heavily commissioned paper over and over again in a multiplicity of
different forms of worthless paper) in the mega-billions should first be
disgorged before taxpayers are forced to pony up and pay the frauds again for
their fraud which caused the problem in the first instance, must be prosecuted.
It should also be noted that despite the rhetoric, the wall street bailout
will NOT solve the crisis or eliminate the economic pain except to make
permanent the fraudulent wealth transfer to the most well healed
heals/frauds/criminals in the nation who caused the so-called crisis by their
greed/corruption/fraud.�� All news
decisively negative as WaMu becomes biggest bank to fail in US history (AP),
GDP revised downward to 2.8% in second quarter (the market previously rallied
on the false news and rallies again on the true bad news), only 30% at most
support the taxpayer bailout of the wall street frauds so count on tax revolts
as predicted by experts if the same passes , Sell into any rallies/take profits
as all problems remain and will be exacerbated by the fact that the vast
majority of taxpayers rationally and correctly opposed the bailout of the wall
street criminals who benefited from the fraud. Reaction has been fast and
furious 9-28-08[2:38 am]; take a look at some initial comments. Sell into any
strength/take profits because with bank failures and raids on taxpayer funds
and reckless printing like mad of worthless Weimar dollars and fake
data/reports and lies this is worse than recession/bear market, �New Home Sales Plunged 11.5% to 17-Year Low and home
inventories up, jobless claims up and durable goods orders down far more than
expected, home prices drop by record 9.5%, existing home sales down 2.2% as
they continue to foist the wall street criminal/fraud bailout on taxpayers
which Bloomberg now pegs at a cost of $5
trillion while other economists/experts say hundreds of trillions [which
means $700 billion down the tubes into the pockets of the wall street criminals
(make them pay) who created the mess through their greed/fraud/scams and who�ve
already reaped huge financial sums in the many billions through
compensation/bonuses (mortgages, subprime and otherwise, are only a relatively
small portion of the fraud/scam providing �cover/collateral� for the worthless
but heavily commissioned paper over and over again in a multiplicity of different
forms of worthless paper]; Motek�s financial expert, Financial Times Business
Editor cites thoroughly gloomy economic picture globally and u.s. particularly,
record levels of borrowing from fed, even with passage of bailout dire
economic/financial scenario will remain, and axiomatic �buy on the rumor, sell
on the news� picture for stocks while his expert/economist/investor/entertainer
(Ben Stein) says outrageous to bail out wall street criminals who should be in
prison [and who should pay back/disgorge the hundreds of billions they�ve been
scamming by repackaging/recollateralizing commissioning and reselling of which
fraud/bubble I�ve been warning for over 5 years on this site-indeed they even
have been exempted by congress for RICO liability and meaningfully lawless
application of other laws as I reiterate in my RICO
Summary under penalty of perjury to the FBI at their request including RICO
violations by Sam Alito, former u.s. attorney (District of new jersey) who parlayed
obstruction of justice (I�ve sworn to this regarding drug-money laundering)
into judicial appointments to the 3rd circuit court of appeals with maryanne
trump (Barry) and now the so-called supreme court (he should have gone to jail)
justice; how could anyone even listen to bush (WMD�s in Iraq-I also warned
against that debacle/fraud/war crimes/profiteering) ] and he further says let
the ceo�s go and some of the failed institutions fail condemning the
outrageousness of the lack of oversight in this huge fraud/wealth transfer; and
hanky panky paulson the wall street shill whose $50 million in blind trust and
$20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so� great opportunity to sell/take profits while
you still can. One democrat said that with
3 months remaining in war criminal (remember the lies) bush�s lamentable failed
presidency the grab based on fear that bailout of the criminals who caused the
problem and made huge sums from their heavily commissioned fraud will avoid
what already is can only be deemed another fraudulent wealth transfer akin to
the war crimes in Iraq, which budget-busting conflict is also part of america�s
problem, is preposterous on it�s face.A
republican said that the so-called over-sight provision utilizes a standard of
judicial review that would render impossible any purported review/abrogation
(and after the fact at that) of paulson�s largesse to his bro�s on wall street
and bush buddies. �Mike Stathis The Market Oracle September
22, 2008� As far as I�m concerned, anyone who doesn�t conduct a full
investigation of this charade leading to several CEOs and other executives in
prison with all of their assets being shuttled into America�s bailout fund
doesn�t have what it takes to lead America anywhere except on its current
course � downward. But it doesn�t really matter at this point anyway.
Washington and the greedy bankers have ensured the end of what was once a great
and proud nation filled with hope and opportunity. � , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit �,�
Financial terrorism: US taxpayers bail out Wall Street
criminals , A Bailout to Nowhere ��,�Cramer had said the astonishing 779-point
rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up
since all real news remains decisively negative as leading indicators fall, unemployment claims rise,
but� suckers� bear market rally b**l
s**t talking points without realistic, legitimate, sound foundation previously
rallied stocks in nearly 600 point swing to the upside as wall street
shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer
paid for by taxpayers (yet another bailout � tax revolts as predicted by
trendsresearch.com are a coming � McCain is quite right that land of fruits and
nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt
Nimmo | Congress critters, former Fed mob
bosses want a public boondoggle along the line of the Resolution Trust Corp. to
bailout the banksters) and insurmountably increasing the defacto bankrupt
government�s debt� in favor of the very
well-healed perpetrators of the fraud who should be prosecuted and forced to
disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before
even broaching the ill-advised united soviet socialist states of
america plan to have taxpayers pay for the wall street fraud, and then there
was the ridiculous spike from fed�s announced printing/creating more worthless
Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even
coupled with foreign contributions does not even register a blip of difference
in light of the magnitude of the amount of debt, $14 trillion private/$15
trillion public, much of which must be written down/off/non-performing . Don�t
be wall street�s (churn and earn) fool; time for them to pay up; time for you
to sell/take profits/cut losses! Housing construction
plunges 6.2 pct. in August�
,� Worst is yet to come,
investment strategist warns (at MarketWatch) �, more gov�t bailout
taxpayer money with ever more worthless Weimar dollars (fed printing/creating
them like mad) proves the only lunatics (yes, the full moon) are not limited to
those lunatic fraudulent wall street needful things who should be prosecuted
and forced to disgorge their ill-gotten gains, as united soviet socialist
states of america (who built up communist china so who could have expected
less)� takes 80% stake in AIG, spreads
widening as piles of worthless debt/securities/collateral unwind so sell into
these suckers� bear market rallies as all problems remain US Economy:
Rudderless and Reeling From Direct Hits �, Federal bank
insurance fund dwindling , More Socialism for
the Bankers: Fed to �Loan� AIG $85 Billion , economy so bad oil
demand own, so cut your losses/take whatever gains/get your money out while you
still can as industrial output down much greater than expected 1.1% (for the
prior month) , Meltdown in US finance
system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial
meltdown spreads , Wall Street mauled by
Lehman bankruptcy, AIG fears ,� highest year over year foreclosures on
record, retail down .3% while inventories up, as bad news spurs over 150 point
swing to the upside into the close which shows irrationally fraudulent markets
trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% �, CBOE Put-Call Ratio Indicates Negative Outlook ,
Get Ready For the S&P 500 to Break Below 1200 ,
WaMu cut to "junk," sees $4.5
billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession,
Job Losses , August
foreclosures hit another record high , federal/trade
deficits among other bad news worse than expected which previously rallied
stocks (riiiiight!) on over 300 point swing to the upside (I don�t think
so)� so sell into these ephemeral
rallies/"strength�, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year
sugar/fake reports as Pending home sales fall more than expected 3.2%
, Fannie/Freddie fail, federal takeover, taxpayer bailout (which the
frauds on wall street cheer since they believe their fraudulent gains, many
billions worth, might not be touched - they should be disgorged through
prosecution) as defacto bankrupt government to commit� $100 billion each to insolvent fannie/freddie ($200 billion they
really don�t have to start with), very ridiculous so sell into ephemeral rallies/"strength"
since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of
Crooks And Incompetents" �(more to follow this update on 9-7-08) suckers� bear
market/short-covering rally into the close on 200 point swing to the upside
(riiiiight) on very bad news,� nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to
6.1%,� THE
LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports
, �Home
foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as
reality bites with all news bad (except for fake news) and worse than expected
with new unemployment claims up more than 15,000 on top of terrible
back-to-school shopping/retail numbers, though still sugar-coated for election
year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken
over by feds, August ISM Index down below 50
indicating contraction, construction spending fell a
larger-than-expected 0.6%, and spending down to lowest
level in 3 years with income declining .7% in contrast to previous day�s
suckers� bear market rally on light volume so great time to sell/take profits
while you can since all problems remain] Election-year feel good typically
false/embellished at best temporary report on GDP 58% better than private
forecasts along with that bastion of american credibility, the scandal scarred
prevaricating commerce department comes through with fraudulent talking point
for the wall street frauds with durable goods numbers exceeding private
economist estimates by 400% (I don�t think so!), as one of Motek�s experts says
GDP number from government, at best temporary blip from rebate stimulous (those
election-year monies/printed Weimar dollars debt-ridden u.s. doesn�t really
have) and multi-national exports on weak dollar, seventh staight monthly
decline in payrolls in this real recession, and continued problems in financial
sector/real estate/defaults/writedowns; while another� seasoned expert says doesn�t look good particularly for third and
fourth quarters. Motek�s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury
], second largest quarterly loss on record from thrifts at $5.4
billion, Fannie/Freddie fail the performance test, and precipitous fall in
leading economic indicators indicative of deeper/longer recession that we�re
already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly
spin the record real estate price declines on high volume of� foreclosure sales/high unsold inventories,
high inflation as other than the economic debacle it is, Motek�s expert
reiterates reality of this bear market, that stocks will resume slide, good
time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie
bailout/gov�t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com)
]
as loan defaults extend losses in sub-prime, to now prime, commercial, student
loans, credit cards, even as inflation up, and outlook very bleak. Previously,
another bank failure, but they say existing home sales up greater than expected
3.1%�but from auction/foreclosure sales (40%), prices down 7% (-22% in land of
fruits and nuts) and inventories of for sale/unsold homes at new record high
since tracking began in 1968 and worse to come, Chicago index of manufacturing
down indicating further economic weakness and Motek�s expert says �put�
activity indicates at least 10-15% more downside from here/government bailout
ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad
beyond expectations though fudged to upside for election year and yet bernanke
who is printing worthless hyperinflationary Weimar dollars like mad soothed
(gives them fraudulent talking point) the frauds on wall street saying
essentially the economy is so bad inflation less of a problem (and no interest
rate hike-old news because of economic weakness and bad for dollar) sparking
suckers bear market rally on light volume, Buffett: We're
still in a recession, leading indicators down .7%,
unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great
opportunity to sell/take profits since all problems remain and dollar
mini-spike short-lived though some fluctuations to upside on speculation other
economies will tank.�� Wholesale prices: Highest
annual rate in 27 years . The
Strong Dollar Illusion . Housing starts and building
permits posted steep declines. That hub of global manufacturing buzzing
(riiiiight!) as empire state index as measured by private economists expected
to fall -4.2% but is reported up +2.8% (almost 300% better-I don�t think so,
and don�t buy the Brooklyn bridge, watches, swamp land in jersey, etc.),
inflation news double expectations Bracing for
Inflation August 15, 2008 (BusinessWeek Growing evidence
suggests American consumers, businesspeople, and political leaders should all
be bracing for double-digit inflation, probably as early as 2009), real estate
falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at
recession levels, etc.,. Note the rotation into the obscure world of so-called
tech which provides, as in prior such ploys (ie., dot-com bust, more recent
bust, etc.) the world street frauds with the ability to sell the sizzle since
investors and americans generally don�t understand it (ie., iphones are a joke
where the so-called �computer� is merely a restrictor of usual computer
functions now tied into apple products and government shill co att, and anyone
who pays the premium for apple products is a fool), and all news bad albeit
fudged to the upside in this election year.�
Fake trade figures, more writedowns/bad debt, still great opportunity to
sell/take profits. Just another frothy day in the rabidly fraudulent lunatic
world of wall street and great opportunity to sell/take profits since all
problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia �
don�t believe american lies/propaganda to the contrary) is frauds friend,
repeat three times to understand fraudulent wall street euphoria over diversion
(Georgia conflict) from their massive fraud which brought much greater than
expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee
Republican ) and triple-digit decline to triple digit
upswing so especially great opportunity to sell/take profits as glass-half-full
kind of frauds point to increase in (foreclosure/auction/forced) home sales
(riiiiight!) while they can no longer�
hide substantially increased unemployment, etc., economy so bad oil
demand declining which is shill point for next stage of (new) wall street
fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid
for with complicit government, executive/legislative/judicial branches/fed.
Great opportunity to sell/take profits since all problems remain as real
numbers indicate previous decline in GDP though falsely reported as gain,
greater unemployment (watch for fake numbers from government) and much more
downside to come as stocks previously rallied on sharp increase in oil prices
and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING
FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY
LAUNDERING PLAYING BALL (I�M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL
STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and
short-covering. The Dow
Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from
Seeking Alpha �AP Business Highlights A private research group
says that Americans remain the most pessimistic about the economy since the
tail end of the last prolonged recession 16 years ago. But economists warn that
the slight uptick, which reverses a six-month slide since January, is likely to
be only temporary and doesn't signal the beginning of a rally�Yahoo� the survey only has weak correlation with actual spending,
so Briefing.com
does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking
Alpha, Housing report bruises frauds on wall street with reality
but false report from corrupt, scandal-scarred, criminal commerce department
(contrary to all expectations and contrary to all regional fed manufacturing
indices which declined) provides fake report and fraudulent lift . Great Opportunity
to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated
assets as all problems remain. El-Erian: Buy more foreign stocksEven
in this century's darkest days of recession and war, U.S. households kept on
spending. But one of the smartest investors on the planet says the American
consumer is finally out of steam. Even if, and it is not, oil were the only
problem, the same is just a disruption away from a spike. Suckers� bear
market/short-covering rally based on bull s**t alone, this time by wall street
shill paulson whose bailout rhetoric brings �irrational exuberance� since wall
street frauds should be prosecuted, required to disgorge ill-gotten gains, and
jailed since they�re the ones who benefited and are escaping accountability by
the bailout. Except for multi-nationals and corporate welfare recipients (ie.,
Lockheed, etc.), greater than expected losses in not millions but billions
rallied the stocks. Remember, these are huge financial institutions unlike the
tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense
of taxpayers). Leading indicators revised down (after �election year keep the
incumbents� fake report). What do you expect the wall street frauds/criminals
who should be held accountable and the failed (and illegal- constitution would
have to be amended to enable Fed to print those worthless Weimar dollars with
now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to
say; admit they royally f**ked up, etc.,�
better than expected very bad news, ie., Citibank loses only $2.5
billion, hyperinflation, over 200%� more
(suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly
eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull
s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities
between 1929 and 2008 terrifying �[In just the
month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq
lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while
the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down
14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their
high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%;
and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the
start of a bear market � although many analysts say Wall Street already has a
bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first
chart second
chart).] FAKE GOV�T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS�
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS)
WHILE YOU CAN, ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON NEGATIVE NEWS
(PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND
BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION
THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO)
ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS
FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET� FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT
TO SAYING IF YOUR MOTHER HAD WHEELS SHE�D BE A TROLLEY CAR.� [eND OF FIRST QUARTER DOW �8%, nASDAQ-14%,
AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008:
The Great Depression. �High Likelihood of a Market Crash Similarities
between 1929 and 2008 terrifying �I
WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR
POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN
AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO
STRENGTH/TAKE PROFITS/SELL). SUCKERS� BEAR MARKET/SHORT COVERING RALLY/NEW
BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE
PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9
INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST
PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE
TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS
THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH
AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS
SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO
RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. Bank
issues global stock and credit crash alert... Write
Offs to Top $1.3 Trillion.Who didn�t see this coming? The Next Crisis: 'Credit Default Swaps'--
Subprime is a Just a 'Vorspeise' . 5 REASONS WHY
THE FED HAS FAILED. GREENSPAN: NO
REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND
WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX
TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL �YAHOO
FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO
MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS
TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV�T REPORTS, suckers�
bear market rally into the close, Analysts say
more U.S. banks will fail �Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel
Soon Fannie Plan a `Disaster' to
Rogers; Goldman Says Sell �, why would anyone hold/invest in dollars (deficits, trade and
budget substantial, economic growth declining) so sell/take profits, if you�re
smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors
were encouraged by the possibility of more contributions to their fraud, and
Paulson says things are not as bad as the reports in this election year; he�s
right; they�re much worse! Remember greenspan�s perpetual envy of all the world
speeches; now Bernanke printing hyperinflationary Weimar dollars like mad;
they�re dreaming. Similarities
between 1929 and 2008 terrifying �U.S. stocks post sharp weekly losses; bear market that
already is now said nears , Stocks tumble as more bad economic news piles up,
Wave of bad news sends Dow down nearly 360, Sales of new homes
tumbled for the sixth time in seven months in May while median prices kept
plunging, American Express sees worsening credit conditions, but fake
government report of higher than expected oil inventories (riiiiight!) rallies
stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low
, BlackRock sees global slowdown
worsening in 2009 , DOWNGRADES OF
BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC,
MBIA, AMERICA�S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES
ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY
POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED
AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A
GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND
PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW
YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE� PLUNGING, HOME BUILDERS� CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS
BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT
OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28
YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES
(IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL
TO THE UPSIDE� GOING FORWARD AS LESS
ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO
INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES
ARE WORSE THAN REPORTED (HE�S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP
MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH
REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000,
RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS
SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE�S A LITTLE
COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE
SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE
SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA,
VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND
ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER
PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE
COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS
THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH
OIL PRICES,�� BERNANKE JAWBONES DOLLAR
UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE
INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST
SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE
FALSE DATA,� IE., 6-5-08 UNEMPLOYMENT
CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS
INCLUDING� HOME EQUITY AT LOWEST LEVELS
SINCE WW2,� DOWNGRADES ON FINANCIALS
INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE
FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE
(ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE FOR A PRICE/FAVOR) WITH
THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE
SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS
EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP
SHARPLY, BIG DISCOUNTERS� GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH
SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING
CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION),
AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT,
LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD� �14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO
CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD
NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN
BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT
ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55%
BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I�M SURPRISED AT THE LOW PERCENTAGE
RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV�T REPORT
REVISING FIRST QUARTER GROWTH TO .9%�
(SUUUUURE� YOU THINK THE �WHAT HAPPENED� REVELATIONS, SUBSTANTIVELY
REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE
FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE � GREAT � RIIIIIGHT.
ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER
CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM
OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD
PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS.� DON�T FORGET: THIS ELECTION YEAR PRINT AND
SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE
DATA/REPORTS, ETC., CAN�T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE
FANTASY BUBBLE WILL BURST POST ELECTION. Bank
issues global stock and credit crash alert... Write
Offs to Top $1.3 Trillion.Who didn�t see this coming? �The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch �More doom for global economy �Visualizing Dow 6,000 ��] ...Yahoo Market Update... �..�� ��AP Business
Highlights ������� U.S. Economy: The Worst is Yet to
Come , U.S. Bank Failures Loom ,�� New reports give bleak
outlook on housing, economy, Foreclosures hit a record high � and more
coming,� Ford readies white-collar layoffs as sales tumble While GM
Shutters 4 North american Factories/Lays off Workers (Reuters), �April insured mortgage defaults rise (Reuters))�� ��
(12-30-08)� DOW 8,668.39 +184.46 +2% -1% for the fourth week of December� No change worth reporting for second and third weeks of December -2.3% for the first week of
December -5.8% for the month of November. -15%
for the month of October NASDAQ 1,550.70 +40.38 +2% -2% for the fourth week of December� No change worth
reporting for second and third weeks of December -5.7% for the first week of
December -11% for the month of November. -17% for October�
S&P 890.64
+21.22
+2% -2% for the
fourth week of December� No change worth
reporting for second and third weeks of December -2.7% for the first week of
December -7.5% for the month of November. -18% for October [CLOSE- OIL $39.03
(RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND
NUTS� $1.79 REG./ $2.38 MID-GRADE/ $2.65
PREM./ $2.41 DIESEL)/ GOLD $870.30 / SILVER $10.98/ PLATINUM $909.90 / DOLLAR=
.70 EURO, 90 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR
NOTE YIELD 2.05% ..��� ��AP Business Highlights ������� ����...Yahoo Market
Update... ]� YAHOO - BRIEFING.COM
Weekly Recap� �Absolutely, Absurdly, Ridiculous!
Suckers' bear market rally into the close to keep the suckers suckered on NEWS
MUCH WORSE THAN ALREADY DISMAL EXPECTATIONS ACROSS THE BOARD: S&P/Case-Shiller Composite Index,
October home prices were down 18% year-over-year, the largest drop on record.
According to the U.S. Conference Board, consumer confidence dropped more than
expected to an all-time low in December AT 38%. Record number of bankruptcies
and particulary hard hit commercial sector in coming year, ie., malls, retail,
etc.. Worse stock market declines for the year since 1931 (Great Depression)
and worse to come in 2009 despite suckers� bear market rallies to keep you
sucked in. Put these wall street frauds in jail and force disgorgement of their
fraudulent gains. There are loads of able new grads and job seekers who can
take the place of the wall street frauds who caused the crisis owing to their
own avarice and continue the coverup to get taxpayer bailout funds. The markets
should be efficient and predicated on rational valuation which is totally
absent in america�s fraudulent, manipulated markets. Absent prosecution and
disgorgement in these ongoing multi-trillion dollar fraud schemes (new ponzi
scheme uncovered in addition to madoff, which are tips of the multrillion
dollar frauds), america will not be worth the paper the worthless Weimar
dollars and worthless securities denominated in same are printed on.� Non-Motek expert: markets to fall into 2010
or worse case, later. Motek
experts: They discuss dismal news, for year DOW-35%, NASDAQ-42%, S&P-40%,
$7-10 trillion in wealth destroyed, second-half inflation from printing
worthless Weimar dollars/stagflation; another expert, consumer
has collapsed, 2009 will be very tough year for autos; a real estate analyst
says 2009 will be a very tough year and hopefully we�ll get through
this�..riiiiight!�I don�t think so�Almost one in 10 Floridians are on food stamps ��Online
holiday sales fall 3 percent��� Madoff liquidation trustee receives $28M for costs (AP)�� Charlotte, NC, home values post record decline (AP)��� Wrong Great Depression Lessons Will Haunt Equities in 2009 ���73,000 retailers to close in first half of 2009, Stocks
Rally �Bloomberg | U.S. retailers face a wave of store closings, bankruptcies and
takeovers starting next month as holiday sales are shaping up to be the worst
in 40 years�� There�s No
Pain-Free Cure for Recession/Depression ���Schiff: Government Interference Only Makes The Problem
Worse Paul Joseph Watson | Establishment talking heads still pushing useless
and destructive bailout.�� A Ponzi Scheme
Within A Ponzi Scheme Bob Chapman | Dwarfing the Madoff Ponzi scheme is the Social Security Ponzi scheme
that has been looted (the iou�s) and is hopelessly insolvent. This on top of
previous suckers' bear market rally into the close with 100+ point swing to the
upside to keep the suckers suckered. Time for prosecutions of and disgorgement
of ill-gotten multi-trillion dollar gains from the frauds on wall street;
madoff is just the tip of the iceberg; all news
decisively bad and worse than even dismal expectations except that the frauds
on wall street continue their familiar suckers cheer for bailouts, bailouts,
bailouts so SELL INTO STRENGTH/TAKE PROFITS/SELL! Motek
experts: At best, bear market rally, his accounts 20-25% cash, can make bearish
argument since still looking at writeoffs, government still must sell bonds to
help finance bailouts, municipal bonds troublesome as iou�s might extend
maturities, don�t try to catch falling knife in this market but some high
quality bonds may offer value, dollar to take hit (they�re printing worthless
weimar dollars like mad-hyper-inflationary); Oil expert says overshot to
downside and will see turn-around in oil; U.N. Security Council condemns
massacre by zionist israel. Pros Say: Employment Collapse is Coming ���Holiday Sales Slump to Force U.S. Store Closings,
Bankruptcies �Manufacturing,
Home Prices Sank: U.S. Economy Preview �Holiday Sales Tumble as US Consumers Reduce Luxury
Purchases� Bleak economic picture emerges from new data Retail
Sales Plummet �Holiday Sales Tumble as US
Consumers Reduce Luxury Purchases Bleak economic picture emerges from new data The frauds
on wall street say they are entitled to the obligatory santa claus rally and
attempt to keep you suckered in for their commissions sake with small gains on
bull s**t/fraud alone in holiday shortened light trading, but reality says
every day the market�s above 2,000-5,000 on the DOW, 1,000-1,300 on the NASDAQ,
and 500-600 on the S&P is a �santa clause rally, so SELL INTO
STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than
even dismal expectations except that the frauds on wall street continue their
familiar suckers cheer for bailouts, bailouts, bailouts, with ephemeral
short-covering to lock in year-end gains for window dressing and much, much
worse to come. Unemployment up more than
expected at 26 year high and consumer spending down for
fifth month in a row. In their typically corrupt way, scandal-scarred commerce
department provides fake data for b.s. talking points far better than private
economist estimates but still decline of 1% in durable goods new orders. Oil's slide came in the face of a surprise
inventory draw, which suggests stronger-than-expected demand for the commodity
as Department of Energy reported that oil inventories for the week ending Dec.
19 decreased by 3.10 million barrels. Analyst:
One Third Of Banks To Collapse In 2009 ��U.S. Economy: Home Prices Fall At Depression Pace ��Recession/depression deepens, countries boost spending� Previously, just
modest losses relative to reality so SELL INTO
STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than
even dismal expectations except that the frauds on wall street continue their
familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse
to come. Existing
home sales plunged to a rate of 4.49 million last month, down 8.6 percent from
October, and worse than economists predicted. Total sales, not calculated as an
annual rate, fell 17 percent in November from a year earlier to 322,000, sales
of newly built homes fell 2.9 percent from October to a pace of 407,000 units,
the slowest rate in nearly 18 years. Madoff investor found dead of suicide.
Standard & Poor's lowered the unsecured debt rating of General Motors (GM 3.01, -0.51) to C from CC, even
though the government plans to provide GM with financing and Moody's lowered Ford's (F 2.19, -0.40) credit rating to Caa3.
Final third quarter GDP data showed economy contracted at an annualized rate of
0.5%, unchanged from the prior reading though personal consumption component
was down 3.8%.� Motek�s experts:� actor/speculator/entertainer/sometimes
economist Ben Stein takes a page out of GM�s playbook by lambasting Fortune
Magazine (you might recall some two decades ago that Fortune warned of GM
managerial ineptitude to which GM responded with outrage and withdrew all
advertising and revenue to Fortune thereby in retaliation - if only they had
listened) for saying caleefornia is number 1, numero uno �.. as prospectively
worse real estate market in the nation, the same Ben Stein who poo-pooed Peter
Shiff�s correct prediction of market crash, but does correctly state fed policies
hyperinflationary; LA economist jumps on the Ben Stein out-to-lunch bandwagon
and says only 10%, not� 25% (as
consensus predicts), decline for caleefornia�..riiiiight�..take that to the
bank; broad donates to MOCA; show biz expert- strike fear; and Shreve of IBD
flips yet again-if only we were all traders�but if you had followed his every
whim, only the frauds on wall street would have made out with substantial
commissions in the ups/downs. IMF warns of Great
Depression ��100% chance of depression in US ��Depression Hits Detroit: Average home price $18,513 -
Unemployment rate 21% ��U.S. Home Resales Fall; Prices Drop by Record 13.2%
��Congressman: �If We�re Not Very Lucky Or If We Don�t Do
Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression�
��World faces �total� financial meltdown: Bank of Spain chief
�Previous suckers
bear market rally into the close with 150 point swing to the upside based on
bull s**t and fraud in the inducement alone to keep the suckers sucked in and
commission dollars flowing for modest losses relative to reality so SELL INTO
STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than
even dismal expectations except that the frauds on wall street do their
familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse
to come.� Motek�s
experts:Economist says economy in full-out recession, aggregate demand down
across the board, abusers are not lubrication for economy so should not get
bailout, another 25% down for real estate prices as foreclosures also will
continue but lower prices will eventually stimulate demand, fed focused now on
long-rates, cites housing/finance/consumer debacles and no recovery till at
least into 2010 at best (I don�t think so); oil expert says contract now
February delivery on expiration of January contract and flood of selling on
expiring contract temporarily depressed prices, oil more expensive in future,
discusses boom/bust cycle (we�re in the bust part); another cites high
redefault rate on modified mortgages and more foreclosures; auto analyst points
to Toyota showing first loss since 1941 inception, global downturn with no
nation spared, reckoning for 15-20 years of bad decision-making, 2009 very
grim, 2010 at best for even minimal improvement (I don�t think so); Online
e-commerce expert cites first flat to down year of online retail sales growth;
downgrades GM, american Express, Ford, etc.. World faces �total� financial meltdown: Bank of Spain chief
�Housing
crisis worsens as economy weakens���
Japan recession deepens, China cuts rates��� Great Recession/Depression of 2008, et seq., Worse Than All
Others�
AP Impact: Wall Street still flying
corporate jets; indeed, with all the bashing of auto rank and file employee
pay, the reality is that american executives, among the least able, least
talented in the world, along with fraudulent wall street are grossly overpaid
and far exceeding that of their far more able foreign counterparts (AP) ��Where'd the bailout money go? Shhhh,
it's a secret (AP) ��Housing
crisis worsens as economy weakens��
Ratings Agencies Play Reality With Multiple Downgrades in
Banking Sector (at Seeking Alpha) Previous mixed to modest losses
relative to reality so sell into strength/take profits/sell as all news
decisively bad and worse than even dismal expectations except that the frauds
on wall street do their familiar suckers cheer for bailouts, bailouts,
bailouts. Motek�s analyst/options expert predicts controlled bankruptcy for at
least GM (maybe more), cites Fitch downgrade of GM�s credit/default rating and
says GM within weeks of default. Oil analyst cites recession, week demand,
over-supply also stating storage facilities full and resorting to offshore
tankers to store excess oil. Media analyst says economic model for
newspaper/media business broken. Rogers: The Incompetent Senile and Vegetables Have Turned A
Recession Into A Depression �He Saw the Crash Coming: What Gary Shilling Sees for 2009 ��Yes, Shilling�s
using� the d for depression word so If
video unavailable,
here for avi rendering �SCROOGE
BIDEN: ECONOMY IS 'ABSOLUTELY TANKING' ��Previously, recession/depression level
554,000 new unemployment claims (I�m sure in reality, far worse but still bad)
pre-Christmas so wait till the post-Christmas numbers are out � nowhere to hide
those but they�ll try. Motek scraping bottom of barrel for second
day in a row and comes up with another land-of-fruits-and-nuts man, the senile
wedbush who discusses his comrade madeoff with other peoples money, poo-poos
the purported amount, says market not doing badly considering the dismal news
(at least he is lucid enough to realize dismal - market should be between 2,000
to 5,000 on the DOW, 500-600 on S&P, 1,100 to 1,300 on NASDAQ based upon
the dismal but real and probably far worse than reported data) and points to
auto scenario, oil plunge, and madoff fraud for doldrums. Oil analyst says
pressure on commodities generally, liquidation on expiration of January (2009)
oil contracts and liquidation of positions, but February (2009) contracts back
to $40+ rather quickly, and points to decreased current and prospective
refinery capacity on thin to low margins.�
A Most Desperate
Move by the Fed ���Dollar�s Slump Erases Months Of Solid Gains ���The Biggest Bubble Of All . . . U.S. Government Debt� �Video: Crash Will be Worse than Great Depression ��Editorial: What ails global financial system �The $50 billion investment fraud to which
the respected New York financier and former NASDAQ Chairman Bernard L. Madoff
has allegedly confessed, may prove to be the paradigm for all that has gone
wrong with the international financial system. It points up the greed, incompetence
and woeful wishful thinking that have all combined to produce economic meltdown
and plunge the world into recession. Most staggering is the stupidity of both
regulators (and government corruption/venality vis-�-vis wall street) and
professional investors in failing to spot that for at least a decade, at the
heart of his hedge fund operations, Madoff was running a pyramid scheme. This
relied on new investment funds to pay out market-beating returns to existing
investors�..� THIS IS WALL STREET EVERY DAY WITH
THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE OF HUNDREDS OF MILLIONS OF
DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN TAXPAYER BAILOUT FUNDS FOR
THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND FRAUD! U.S. Records Huge Current Account Deficit ���Fed unleashes
greatest bubble of all ���Canadian Prime Minister Stephen Harper believes a
depression is COMING ��Peter
Schiff new VIDEO on the Coming Collapse Dec 16 ���Swiss gold bullion in huge demand as trust in banks dives
��Goldmine
Sachs: Bank�s bonuses cut to a �mere� �142,000 EACH Investment bank
/taxpayer bailout funds recipient Goldman Sachs is to pay �4.3billion in
bonuses to its City workers.� Dollar Falls Most Against Euro Since 1999 Debut on Fed�s
Rate� Dollar Declines to 13-Year Low Against Yen After Fed Rate
Cut ���Federal
spending soars 25% -- even before bailout...��� Previous, building permits declining 15.6% to a
seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined
18.9% from the prior month to an annualized rate of 625,000 units, which was
below the consensus of 736,000 and are 47% below the year-ago level, fed
desperation (they don�t know what they�re doing � remember their pronouncement
-no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style
Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits
while you can since much, much worse to come. Economist Brusca �the economy is sinking fast�, FOMC states that �data indicate deteriorating labor conditions and
declining consumer spending, business investment, and industrial production,
and the outlook for economic activity has weakened further�, �F. William
Engdahl �The US economy is
in a depression free-fall of a scale not seen since the 1930�s�, Kellner cites �helicopter ben� (bernanke), BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs �Survival Panic� for Some in the U.S. Motek
Experts: Art Hogan more realistically candid than
usual cites all bad news, very difficult times, near term lows but no recovery
for economy, hope is that second half of 2009 is better than first half (NOT!),
cites lost decade in Japan with 0% interest rates, negative growth through
fourth quarter 2009, longest recession (depression) in modern times, market
hopefully better in second half of 2009 anticipating better 2010 (NOT!),
bottoming of energy/commodities, worth looking at consumer goods/staples focused
on what you need versus what you want; economist points to bankruptcies up,
housing starts down; Zandi of Moody�s says
not getting better but worse, most credit card holders will not benefit from
rate cut; currency expert says interest rate
cuts increasingly irrelevant, fed buying bonds driving asset prices higher and
displacing private sector with prospectively negative results; and
finally, Peter Shiff cites fed action as irresponsible, destroying value of
money, bear market, money not worth anything, negates any rise in paper
dollar-denominated securities (SELL), says buy gold because of u.s.
hyperinflation. Previous, news worse than
bad and to get much worse but full moon manifest on lunatic asylum for the
criminally insane wall street. More banks reveal Madoff exposure The
�while you can� part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: �forget
the layoffs Coming soon to U.S., 1 million jobs lost every month: Report �, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit
, trade deficits, worthless fraudulent securities, lower
earnings/guidance/outlook, the topic (b.s. talking point) de jour for the
lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to
mention there�s no real money to pay for same � print/create more worthless
Weimar dollars � hyperinflationary Federal Reserve sets stage for Weimar-style
Hyperinflation �� even now
despite fake reports and worse to come), and
from well respected wall street fraud madoff, "it's all just one big
lie" and that it was "basically, a giant Ponzi scheme," which is
fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC
(AP) and even bigger
questions about fraudulent wall street and their washingtonian/federal/state
facilitators. Builders sentiment reading at 9
(anything less than 50 is negative/pessimistic). Motek�s legal expert correctly points to funds problems with meeting
redemptions and paraphrases J.P. Morgan�s immortal words concerning investing
by saying as is particularly relevant now, It�s not return on investment, but
return of investment (that really counts). Banks hit worldwide by US 'fraud'
�. How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? Prosecute and throw them in jail and make them cough up their stolen
multi-billion spoils. Not just super rich caught up in $50B Madoff case
.
The previous suckers bear market rally
was/is based on bull s**t alone; namely, now it�s the prospective
bailouts/spending programs with money that does not really exist (print/create
more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase � deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million
jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S 15 GHOSTS OF WALLSTREET/ECONOMIC
PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow
Homes in the United States have
lost trillions of dollars in value during 2008, with nearly 11.7 million
American households now owing more on their mortgage than their homes are
worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street
frauds, the level and percentage of which MUST be examined in light of
computerization and decreased costs attendant to same especially since only AN
EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The
Economy (New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To A (Economically)
"Wasteful Tax" (On The Economy) via 'churn and earn' computerized
programmed trades). �Moreover, the
ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? The lunatic
wall street frauds� desperation linked to their substantial crimes and booty
which must be disgorged through prosecution, especially since none of the
real problems (hundreds of trillions of fraudulent/worthless securities, etc.)
have been addressed much less solved; hence, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(12-29-08)� DOW 8,483.93 -31.62 -0.37% -1% for the
fourth week of December� No change worth
reporting for second and third weeks of December -2.3% for the first week of
December -5.8% for the month of November. -15%
for the month of October NASDAQ 1,510.32 -19.92 -1.30% -2% for the
fourth week of December� No change worth
reporting for second and third weeks of December -5.7% for the first week of
December -11% for the month of November. -17% for October�
S&P 869.42����������� -3.38 -0.39% -2% for the
fourth week of December� No change worth
reporting for second and third weeks of December -2.7% for the first week of
December -7.5% for the month of November. -18% for October [CLOSE- OIL $40.02
(RECORD TRADING HIGH $147.27) GAS $1.66 (reg. gas in LAND OF FRUITS AND
NUTS� $1.79 REG./ $2.38 MID-GRADE/ $2.65
PREM./ $2.58 DIESEL)/ GOLD $875.30 / SILVER $10.81/ PLATINUM $917.90 / DOLLAR=
.71 EURO, 90 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR
NOTE YIELD 2.11% ..��� ��AP Business Highlights ������� ����...Yahoo Market
Update... ]� YAHOO - BRIEFING.COM
Weekly Recap� �Absolutely, Absurdly, Ridiculous!� Suckers' bear market rally into the close
with 100+ point swing to the upside to keep the suckers suckered. Time for
prosecutions of and disgorgement of ill-gotten multi-trillion dollar gains from
the frauds on wall street; madoff is just the tip of the iceberg; all news
decisively bad and worse than even dismal expectations except that the frauds
on wall street continue their familiar suckers cheer for bailouts, bailouts,
bailouts so SELL INTO STRENGTH/TAKE PROFITS/SELL! Motek
experts: At best, bear market rally, his accounts 20-25% cash, can make bearish
argument since still looking at writeoffs, government still must sell bonds to
help finance bailouts, municipal bonds troublesome as iou�s might extend
maturities, don�t try to catch falling knife in this market but some high
quality bonds may offer value, dollar to take hit (they�re printing worthless
weimar dollars like mad-hyper-inflationary); Oil expert says overshot to
downside and will see turn-around in oil; U.N. Security Council condemns massacre
by zionist israel. Pros Say: Employment Collapse is Coming ���Holiday Sales Slump to Force U.S. Store Closings,
Bankruptcies �Manufacturing,
Home Prices Sank: U.S. Economy Preview �Holiday Sales Tumble as US Consumers Reduce Luxury
Purchases� Bleak economic picture emerges from new data Retail
Sales Plummet �Holiday Sales Tumble as US
Consumers Reduce Luxury Purchases Bleak economic picture emerges from new data The frauds
on wall street say they are entitled to the obligatory santa claus rally and
attempt to keep you suckered in for their commissions sake with small gains on
bull s**t/fraud alone in holiday shortened light trading, but reality says
every day the market�s above 2,000-5,000 on the DOW, 1,000-1,300 on the NASDAQ,
and 500-600 on the S&P is a �santa clause rally, so SELL INTO
STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than
even dismal expectations except that the frauds on wall street continue their
familiar suckers cheer for bailouts, bailouts, bailouts, with ephemeral
short-covering to lock in year-end gains for window dressing and much, much
worse to come. Unemployment up more than
expected at 26 year high and consumer spending down for
fifth month in a row. In their typically corrupt way, scandal-scarred commerce
department provides fake data for b.s. talking points far better than private
economist estimates but still decline of 1% in durable goods new orders. Oil's slide came in the face of a surprise
inventory draw, which suggests stronger-than-expected demand for the commodity
as Department of Energy reported that oil inventories for the week ending Dec.
19 decreased by 3.10 million barrels. Analyst:
One Third Of Banks To Collapse In 2009 ��U.S. Economy: Home Prices Fall At Depression Pace ��Recession/depression deepens, countries boost spending� Previously, just
modest losses relative to reality so SELL INTO
STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than
even dismal expectations except that the frauds on wall street continue their
familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse
to come. Existing
home sales plunged to a rate of 4.49 million last month, down 8.6 percent from
October, and worse than economists predicted. Total sales, not calculated as an
annual rate, fell 17 percent in November from a year earlier to 322,000, sales
of newly built homes fell 2.9 percent from October to a pace of 407,000 units,
the slowest rate in nearly 18 years. Madoff investor found dead of suicide.
Standard & Poor's lowered the unsecured debt rating of General Motors (GM 3.01, -0.51) to C from CC, even
though the government plans to provide GM with financing and Moody's lowered Ford's (F 2.19, -0.40) credit rating to Caa3.
Final third quarter GDP data showed economy contracted at an annualized rate of
0.5%, unchanged from the prior reading though personal consumption component
was down 3.8%.� Motek�s experts:� actor/speculator/entertainer/sometimes
economist Ben Stein takes a page out of GM�s playbook by lambasting Fortune
Magazine (you might recall some two decades ago that Fortune warned of GM
managerial ineptitude to which GM responded with outrage and withdrew all
advertising and revenue to Fortune thereby in retaliation - if only they had
listened) for saying caleefornia is number 1, numero uno �.. as prospectively
worse real estate market in the nation, the same Ben Stein who poo-pooed Peter
Shiff�s correct prediction of market crash, but does correctly state fed policies
hyperinflationary; LA economist jumps on the Ben Stein out-to-lunch bandwagon
and says only 10%, not� 25% (as
consensus predicts), decline for caleefornia�..riiiiight�..take that to the
bank; broad donates to MOCA; show biz expert- strike fear; and Shreve of IBD
flips yet again-if only we were all traders�but if you had followed his every
whim, only the frauds on wall street would have made out with substantial
commissions in the ups/downs. IMF warns of Great
Depression ��100% chance of depression in US ��Depression Hits Detroit: Average home price $18,513 -
Unemployment rate 21% ��U.S. Home Resales Fall; Prices Drop by Record 13.2%
��Congressman: �If We�re Not Very Lucky Or If We Don�t Do
Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression�
��World faces �total� financial meltdown: Bank of Spain chief
�Previous suckers
bear market rally into the close with 150 point swing to the upside based on
bull s**t and fraud in the inducement alone to keep the suckers sucked in and
commission dollars flowing for modest losses relative to reality so SELL INTO
STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than
even dismal expectations except that the frauds on wall street do their
familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse
to come.� Motek�s
experts:Economist says economy in full-out recession, aggregate demand down
across the board, abusers are not lubrication for economy so should not get
bailout, another 25% down for real estate prices as foreclosures also will
continue but lower prices will eventually stimulate demand, fed focused now on
long-rates, cites housing/finance/consumer debacles and no recovery till at
least into 2010 at best (I don�t think so); oil expert says contract now
February delivery on expiration of January contract and flood of selling on
expiring contract temporarily depressed prices, oil more expensive in future,
discusses boom/bust cycle (we�re in the bust part); another cites high
redefault rate on modified mortgages and more foreclosures; auto analyst points
to Toyota showing first loss since 1941 inception, global downturn with no
nation spared, reckoning for 15-20 years of bad decision-making, 2009 very
grim, 2010 at best for even minimal improvement (I don�t think so); Online
e-commerce expert cites first flat to down year of online retail sales growth;
downgrades GM, american Express, Ford, etc.. World faces �total� financial meltdown: Bank of Spain chief
�Housing
crisis worsens as economy weakens���
Japan recession deepens, China cuts rates��� Great Recession/Depression of 2008, et seq., Worse Than All
Others�
AP Impact: Wall Street still flying
corporate jets; indeed, with all the bashing of auto rank and file employee
pay, the reality is that american executives, among the least able, least
talented in the world, along with fraudulent wall street are grossly overpaid
and far exceeding that of their far more able foreign counterparts (AP) ��Where'd the bailout money go? Shhhh,
it's a secret (AP) ��Housing
crisis worsens as economy weakens��
Ratings Agencies Play Reality With Multiple Downgrades in
Banking Sector (at Seeking Alpha) Previous mixed to modest losses
relative to reality so sell into strength/take profits/sell as all news
decisively bad and worse than even dismal expectations except that the frauds
on wall street do their familiar suckers cheer for bailouts, bailouts,
bailouts. Motek�s analyst/options expert predicts controlled bankruptcy for at
least GM (maybe more), cites Fitch downgrade of GM�s credit/default rating and
says GM within weeks of default. Oil analyst cites recession, week demand,
over-supply also stating storage facilities full and resorting to offshore
tankers to store excess oil. Media analyst says economic model for
newspaper/media business broken. Rogers: The Incompetent Senile and Vegetables Have Turned A
Recession Into A Depression �He Saw the Crash Coming: What Gary Shilling Sees for 2009 ��Yes, Shilling�s
using� the d for depression word so If
video unavailable,
here for avi rendering �SCROOGE
BIDEN: ECONOMY IS 'ABSOLUTELY TANKING' ��Previously, recession/depression level
554,000 new unemployment claims (I�m sure in reality, far worse but still bad)
pre-Christmas so wait till the post-Christmas numbers are out � nowhere to hide
those but they�ll try. Motek scraping bottom of barrel for second
day in a row and comes up with another land-of-fruits-and-nuts man, the senile
wedbush who discusses his comrade madeoff with other peoples money, poo-poos
the purported amount, says market not doing badly considering the dismal news
(at least he is lucid enough to realize dismal - market should be between 2,000
to 5,000 on the DOW, 500-600 on S&P, 1,100 to 1,300 on NASDAQ based upon
the dismal but real and probably far worse than reported data) and points to
auto scenario, oil plunge, and madoff fraud for doldrums. Oil analyst says pressure
on commodities generally, liquidation on expiration of January (2009) oil
contracts and liquidation of positions, but February (2009) contracts back to
$40+ rather quickly, and points to decreased current and prospective refinery
capacity on thin to low margins.� A Most Desperate
Move by the Fed ���Dollar�s Slump Erases Months Of Solid Gains ���The Biggest Bubble Of All . . . U.S. Government Debt� �Video: Crash Will be Worse than Great Depression ��Editorial: What ails global financial system �The $50 billion investment fraud to which
the respected New York financier and former NASDAQ Chairman Bernard L. Madoff
has allegedly confessed, may prove to be the paradigm for all that has gone
wrong with the international financial system. It points up the greed,
incompetence and woeful wishful thinking that have all combined to produce
economic meltdown and plunge the world into recession. Most staggering is the
stupidity of both regulators (and government corruption/venality vis-�-vis wall
street) and professional investors in failing to spot that for at least a
decade, at the heart of his hedge fund operations, Madoff was running a pyramid
scheme. This relied on new investment funds to pay out market-beating returns
to existing investors�..� THIS IS
WALL STREET EVERY DAY WITH THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE
OF HUNDREDS OF MILLIONS OF DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN
TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND
FRAUD! U.S. Records Huge Current Account Deficit ���Fed unleashes
greatest bubble of all ���Canadian Prime Minister Stephen Harper believes a
depression is COMING ��Peter
Schiff new VIDEO on the Coming Collapse Dec 16 ���Swiss gold bullion in huge demand as trust in banks dives
��Goldmine
Sachs: Bank�s bonuses cut to a �mere� �142,000 EACH Investment bank
/taxpayer bailout funds recipient Goldman Sachs is to pay �4.3billion in bonuses
to its City workers.� Dollar Falls Most Against Euro Since 1999 Debut on Fed�s
Rate� Dollar Declines to 13-Year Low Against Yen After Fed Rate
Cut ���Federal
spending soars 25% -- even before bailout...��� Previous, building permits declining 15.6% to a
seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined
18.9% from the prior month to an annualized rate of 625,000 units, which was
below the consensus of 736,000 and are 47% below the year-ago level, fed desperation
(they don�t know what they�re doing � remember their pronouncement -no
recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style
Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits
while you can since much, much worse to come. Economist Brusca �the economy is sinking fast�, FOMC states that �data indicate deteriorating labor conditions and
declining consumer spending, business investment, and industrial production,
and the outlook for economic activity has weakened further�, �F. William
Engdahl �The US economy is
in a depression free-fall of a scale not seen since the 1930�s�, Kellner cites �helicopter ben� (bernanke), BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs �Survival Panic� for Some in the U.S. Motek
Experts: Art Hogan more realistically candid than
usual cites all bad news, very difficult times, near term lows but no recovery
for economy, hope is that second half of 2009 is better than first half (NOT!),
cites lost decade in Japan with 0% interest rates, negative growth through
fourth quarter 2009, longest recession (depression) in modern times, market
hopefully better in second half of 2009 anticipating better 2010 (NOT!),
bottoming of energy/commodities, worth looking at consumer goods/staples
focused on what you need versus what you want; economist points to bankruptcies
up, housing starts down; Zandi of Moody�s
says not getting better but worse, most credit card holders will not benefit
from rate cut; currency expert says interest
rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher
and displacing private sector with prospectively negative results; and
finally, Peter Shiff cites fed action as irresponsible, destroying value of
money, bear market, money not worth anything, negates any rise in paper
dollar-denominated securities (SELL), says buy gold because of u.s. hyperinflation.
Previous, news worse than bad and to get
much worse but full moon manifest on lunatic asylum for the criminally insane
wall street. More banks reveal Madoff exposure The
�while you can� part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: �forget
the layoffs Coming soon to U.S., 1 million jobs lost every month: Report �, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit
, trade deficits, worthless fraudulent securities, lower
earnings/guidance/outlook, the topic (b.s. talking point) de jour for the
lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to
mention there�s no real money to pay for same � print/create more worthless
Weimar dollars � hyperinflationary Federal Reserve sets stage for Weimar-style
Hyperinflation �� even now
despite fake reports and worse to come), and
from well respected wall street fraud madoff, "it's all just one big
lie" and that it was "basically, a giant Ponzi scheme," which is
fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC
(AP) and even bigger
questions about fraudulent wall street and their washingtonian/federal/state
facilitators. Builders sentiment reading at 9
(anything less than 50 is negative/pessimistic). Motek�s legal expert correctly points to funds problems with meeting
redemptions and paraphrases J.P. Morgan�s immortal words concerning investing
by saying as is particularly relevant now, It�s not return on investment, but
return of investment (that really counts). Banks hit worldwide by US 'fraud'
�. How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? Prosecute and throw them in jail and make them cough up their stolen
multi-billion spoils. Not just super rich caught up in $50B Madoff case
.
The previous suckers bear market rally
was/is based on bull s**t alone; namely, now it�s the prospective
bailouts/spending programs with money that does not really exist (print/create
more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase � deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million
jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S 15 GHOSTS OF WALLSTREET/ECONOMIC
PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow
Homes in the United States have
lost trillions of dollars in value during 2008, with nearly 11.7 million
American households now owing more on their mortgage than their homes are
worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street
frauds, the level and percentage of which MUST be examined in light of
computerization and decreased costs attendant to same especially since only AN
EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The
Economy (New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To A (Economically)
"Wasteful Tax" (On The Economy) via 'churn and earn' computerized
programmed trades). �Moreover, the
ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? The lunatic
wall street frauds� desperation linked to their substantial crimes and booty
which must be disgorged through prosecution, especially since none of the
real problems (hundreds of trillions of fraudulent/worthless securities, etc.)
have been addressed much less solved; hence, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(12-26-08)� DOW 8,515.55+47.07+0.56% -1% for the
fourth week of December� No change worth
reporting for second and third weeks of December -2.3% for the first week of
December -5.8% for the month of November. -15%
for the month of October NASDAQ 1,530.24+5.34+0.33% -2% for the fourth week of December� No change worth
reporting for second and third weeks of December -5.7% for the first week of
December -11% for the month of November. -17% for October�
S&P 872.80+4.65+0.68%
-2%
for the fourth week of December� No change worth
reporting for second and third weeks of December -2.7% for the first week of
December -7.5% for the month of November. -18% for October [CLOSE- OIL $37.88
(RECORD TRADING HIGH $147.27) GAS $1.66 (reg. gas in LAND OF FRUITS AND
NUTS� $1.79 REG./ $2.38 MID-GRADE/ $2.65
PREM./ $2.58 DIESEL)/ GOLD $838 / SILVER $10.35/ PLATINUM $848 / DOLLAR= .71
EURO, 90 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE
YIELD 2.22% ..��� ��AP Business Highlights ������� ����...Yahoo Market
Update... ]� YAHOO - BRIEFING.COM
Weekly Recap� �Absolutely, Absurdly, Ridiculous! Time
for prosecutions of and disgorgement of ill-gotten multi-trillion dollar gains
from the frauds on wall street; madoff is just the tip of the iceberg; all news
decisively bad and worse than even dismal expectations except that the frauds
on wall street continue their familiar suckers cheer for bailouts, bailouts,
bailouts so SELL INTO STRENGTH/TAKE PROFITS/SELL! �Holiday Sales Tumble as US Consumers Reduce Luxury
Purchases� Bleak economic picture emerges from new data Retail
Sales Plummet �Holiday Sales Tumble as US
Consumers Reduce Luxury Purchases Bleak economic picture emerges from new data The frauds
on wall street say they are entitled to the obligatory santa claus rally and
attempt to keep you suckered in for their commissions sake with small gains on
bull s**t/fraud alone in holiday shortened light trading, but reality says every
day the market�s above 2,000-5,000 on the DOW, 1,000-1,300 on the NASDAQ, and
500-600 on the S&P is a �santa clause rally, so SELL INTO
STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than
even dismal expectations except that the frauds on wall street continue their
familiar suckers cheer for bailouts, bailouts, bailouts, with ephemeral
short-covering to lock in year-end gains for window dressing and much, much
worse to come. Unemployment up more than
expected at 26 year high and consumer spending down for
fifth month in a row. In their typically corrupt way, scandal-scarred commerce
department provides fake data for b.s. talking points far better than private
economist estimates but still decline of 1% in durable goods new orders. Oil's slide came in the face of a surprise
inventory draw, which suggests stronger-than-expected demand for the commodity
as Department of Energy reported that oil inventories for the week ending Dec.
19 decreased by 3.10 million barrels. Analyst:
One Third Of Banks To Collapse In 2009 ��U.S. Economy: Home Prices Fall At Depression Pace ��Recession/depression deepens, countries boost spending� Previously, just
modest losses relative to reality so SELL INTO
STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than
even dismal expectations except that the frauds on wall street continue their
familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse
to come. Existing
home sales plunged to a rate of 4.49 million last month, down 8.6 percent from
October, and worse than economists predicted. Total sales, not calculated as an
annual rate, fell 17 percent in November from a year earlier to 322,000, sales
of newly built homes fell 2.9 percent from October to a pace of 407,000 units,
the slowest rate in nearly 18 years. Madoff investor found dead of suicide.
Standard & Poor's lowered the unsecured debt rating of General
Motors (GM 3.01, -0.51) to C from CC, even though the government plans
to provide GM with financing and Moody's lowered Ford's (F
2.19, -0.40) credit rating to Caa3. Final third quarter GDP data showed economy
contracted at an annualized rate of 0.5%, unchanged from the prior reading
though personal consumption component was down 3.8%.� Motek�s experts:� actor/speculator/entertainer/sometimes
economist Ben Stein takes a page out of GM�s playbook by lambasting Fortune
Magazine (you might recall some two decades ago that Fortune warned of GM
managerial ineptitude to which GM responded with outrage and withdrew all
advertising and revenue to Fortune thereby in retaliation - if only they had
listened) for saying caleefornia is number 1, numero uno �.. as prospectively
worse real estate market in the nation, the same Ben Stein who poo-pooed Peter
Shiff�s correct prediction of market crash, but does correctly state fed policies
hyperinflationary; LA economist jumps on the Ben Stein out-to-lunch bandwagon
and says only 10%, not� 25% (as
consensus predicts), decline for caleefornia�..riiiiight�..take that to the
bank; broad donates to MOCA; show biz expert- strike fear; and Shreve of IBD
flips yet again-if only we were all traders�but if you had followed his every
whim, only the frauds on wall street would have made out with substantial
commissions in the ups/downs. IMF warns of Great
Depression ��100% chance of depression in US ��Depression Hits Detroit: Average home price $18,513 -
Unemployment rate 21% ��U.S. Home Resales Fall; Prices Drop by Record 13.2%
��Congressman: �If We�re Not Very Lucky Or If We Don�t Do
Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression�
��World faces �total� financial meltdown: Bank of Spain chief
�Previous suckers
bear market rally into the close with 150 point swing to the upside based on
bull s**t and fraud in the inducement alone to keep the suckers sucked in and
commission dollars flowing for modest losses relative to reality so SELL INTO
STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than
even dismal expectations except that the frauds on wall street do their
familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse
to come.� Motek�s
experts:Economist says economy in full-out recession, aggregate demand down
across the board, abusers are not lubrication for economy so should not get
bailout, another 25% down for real estate prices as foreclosures also will
continue but lower prices will eventually stimulate demand, fed focused now on
long-rates, cites housing/finance/consumer debacles and no recovery till at
least into 2010 at best (I don�t think so); oil expert says contract now
February delivery on expiration of January contract and flood of selling on
expiring contract temporarily depressed prices, oil more expensive in future,
discusses boom/bust cycle (we�re in the bust part); another cites high
redefault rate on modified mortgages and more foreclosures; auto analyst points
to Toyota showing first loss since 1941 inception, global downturn with no
nation spared, reckoning for 15-20 years of bad decision-making, 2009 very
grim, 2010 at best for even minimal improvement (I don�t think so); Online
e-commerce expert cites first flat to down year of online retail sales growth;
downgrades GM, american Express, Ford, etc.. World faces �total� financial meltdown: Bank of Spain chief
�Housing
crisis worsens as economy weakens���
Japan recession deepens, China cuts rates��� Great Recession/Depression of 2008, et seq., Worse Than All
Others�
AP Impact: Wall Street still flying
corporate jets; indeed, with all the bashing of auto rank and file employee
pay, the reality is that american executives, among the least able, least
talented in the world, along with fraudulent wall street are grossly overpaid
and far exceeding that of their far more able foreign counterparts (AP) ��Where'd the bailout money go? Shhhh,
it's a secret (AP) ��Housing
crisis worsens as economy weakens��
Ratings Agencies Play Reality With Multiple Downgrades in
Banking Sector (at Seeking Alpha) Previous mixed to modest losses
relative to reality so sell into strength/take profits/sell as all news
decisively bad and worse than even dismal expectations except that the frauds
on wall street do their familiar suckers cheer for bailouts, bailouts,
bailouts. Motek�s analyst/options expert predicts controlled bankruptcy for at
least GM (maybe more), cites Fitch downgrade of GM�s credit/default rating and
says GM within weeks of default. Oil analyst cites recession, week demand,
over-supply also stating storage facilities full and resorting to offshore
tankers to store excess oil. Media analyst says economic model for
newspaper/media business broken. Rogers: The Incompetent Senile and Vegetables Have Turned A
Recession Into A Depression �He Saw the Crash Coming: What Gary Shilling Sees for 2009 ��Yes, Shilling�s
using� the d for depression word so If video
unavailable,
here for avi rendering �SCROOGE
BIDEN: ECONOMY IS 'ABSOLUTELY TANKING' ��Previously, recession/depression level
554,000 new unemployment claims (I�m sure in reality, far worse but still bad)
pre-Christmas so wait till the post-Christmas numbers are out � nowhere to hide
those but they�ll try. Motek scraping bottom of barrel for second
day in a row and comes up with another land-of-fruits-and-nuts man, the senile
wedbush who discusses his comrade madeoff with other peoples money, poo-poos
the purported amount, says market not doing badly considering the dismal news
(at least he is lucid enough to realize dismal - market should be between 2,000
to 5,000 on the DOW, 500-600 on S&P, 1,100 to 1,300 on NASDAQ based upon
the dismal but real and probably far worse than reported data) and points to
auto scenario, oil plunge, and madoff fraud for doldrums. Oil analyst says pressure
on commodities generally, liquidation on expiration of January (2009) oil
contracts and liquidation of positions, but February (2009) contracts back to
$40+ rather quickly, and points to decreased current and prospective refinery
capacity on thin to low margins.� A Most Desperate
Move by the Fed ���Dollar�s Slump Erases Months Of Solid Gains ���The Biggest Bubble Of All . . . U.S. Government Debt� �Video: Crash Will be Worse than Great Depression ��Editorial: What ails global financial system �The $50 billion investment fraud to which
the respected New York financier and former NASDAQ Chairman Bernard L. Madoff
has allegedly confessed, may prove to be the paradigm for all that has gone
wrong with the international financial system. It points up the greed,
incompetence and woeful wishful thinking that have all combined to produce
economic meltdown and plunge the world into recession. Most staggering is the
stupidity of both regulators (and government corruption/venality vis-�-vis wall
street) and professional investors in failing to spot that for at least a
decade, at the heart of his hedge fund operations, Madoff was running a pyramid
scheme. This relied on new investment funds to pay out market-beating returns
to existing investors�..� THIS IS
WALL STREET EVERY DAY WITH THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE
OF HUNDREDS OF MILLIONS OF DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN
TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND
FRAUD! U.S. Records Huge Current Account Deficit ���Fed unleashes
greatest bubble of all ���Canadian Prime Minister Stephen Harper believes a
depression is COMING ��Peter
Schiff new VIDEO on the Coming Collapse Dec 16 ���Swiss gold bullion in huge demand as trust in banks dives
��Goldmine
Sachs: Bank�s bonuses cut to a �mere� �142,000 EACH Investment bank
/taxpayer bailout funds recipient Goldman Sachs is to pay �4.3billion in
bonuses to its City workers.� Dollar Falls Most Against Euro Since 1999 Debut on Fed�s
Rate� Dollar Declines to 13-Year Low Against Yen After Fed Rate
Cut ���Federal
spending soars 25% -- even before bailout...��� Previous, building permits declining 15.6% to a
seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined
18.9% from the prior month to an annualized rate of 625,000 units, which was
below the consensus of 736,000 and are 47% below the year-ago level, fed
desperation (they don�t know what they�re doing � remember their pronouncement
-no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style
Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits
while you can since much, much worse to come. Economist Brusca �the economy is sinking fast�, FOMC states that �data indicate deteriorating labor conditions and
declining consumer spending, business investment, and industrial production,
and the outlook for economic activity has weakened further�, �F. William Engdahl �The US economy is in a depression free-fall of a
scale not seen since the 1930�s�, Kellner cites
�helicopter ben� (bernanke), BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs �Survival Panic� for Some in the U.S. Motek
Experts: Art Hogan more realistically candid than
usual cites all bad news, very difficult times, near term lows but no recovery
for economy, hope is that second half of 2009 is better than first half (NOT!),
cites lost decade in Japan with 0% interest rates, negative growth through
fourth quarter 2009, longest recession (depression) in modern times, market
hopefully better in second half of 2009 anticipating better 2010 (NOT!),
bottoming of energy/commodities, worth looking at consumer goods/staples
focused on what you need versus what you want; economist points to bankruptcies
up, housing starts down; Zandi of Moody�s
says not getting better but worse, most credit card holders will not benefit
from rate cut; currency expert says interest
rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher
and displacing private sector with prospectively negative results; and
finally, Peter Shiff cites fed action as irresponsible, destroying value of
money, bear market, money not worth anything, negates any rise in paper
dollar-denominated securities (SELL), says buy gold because of u.s. hyperinflation.
Previous, news worse than bad and to get
much worse but full moon manifest on lunatic asylum for the criminally insane
wall street. More banks reveal Madoff exposure The
�while you can� part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: �forget
the layoffs Coming soon to U.S., 1 million jobs lost every month: Report �, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit
, trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook,
the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds
on wall street is bailouts, bailouts, bailouts (not to mention there�s no real
money to pay for same � print/create more worthless Weimar dollars �
hyperinflationary Federal Reserve sets stage for Weimar-style
Hyperinflation �� even now
despite fake reports and worse to come), and
from well respected wall street fraud madoff, "it's all just one big
lie" and that it was "basically, a giant Ponzi scheme," which is
fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC
(AP) and even bigger
questions about fraudulent wall street and their washingtonian/federal/state
facilitators. Builders sentiment reading at 9
(anything less than 50 is negative/pessimistic). Motek�s legal expert correctly points to funds problems with meeting
redemptions and paraphrases J.P. Morgan�s immortal words concerning investing
by saying as is particularly relevant now, It�s not return on investment, but
return of investment (that really counts). Banks hit worldwide by US 'fraud'
�. How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? Prosecute and throw them in jail and make them cough up their stolen
multi-billion spoils. Not just super rich caught up in $50B Madoff case
.
The previous suckers bear market rally
was/is based on bull s**t alone; namely, now it�s the prospective
bailouts/spending programs with money that does not really exist (print/create
more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase � deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million
jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S 15 GHOSTS OF WALLSTREET/ECONOMIC
PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow
Homes in the United States have
lost trillions of dollars in value during 2008, with nearly 11.7 million
American households now owing more on their mortgage than their homes are
worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street
frauds, the level and percentage of which MUST be examined in light of
computerization and decreased costs attendant to same especially since only AN
EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The
Economy (New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To A (Economically)
"Wasteful Tax" (On The Economy) via 'churn and earn' computerized
programmed trades). �Moreover, the
ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? The lunatic
wall street frauds� desperation linked to their substantial crimes and booty
which must be disgorged through prosecution, especially since none of the
real problems (hundreds of trillions of fraudulent/worthless securities, etc.)
have been addressed much less solved; hence, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus
today's frothy 879)� There is more hurt in store for the U.S.
equity markets. If you are still thinking of riding this one out, consider
Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of
40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S.
would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit
$2,000, Dow To Sink To 5,000 ��BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get much worse
but full moon manifest on lunatic asylum for the criminally insane wall street.
More banks reveal Madoff exposure The �while you can� part of sell/take profits
manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not
limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: �forget the
layoffs Coming soon to U.S., 1 million jobs lost every month: Report
�, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail
sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit , trade deficits,
worthless fraudulent securities, lower earnings/guidance/outlook, the topic
(b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall
street is bailouts, bailouts, bailouts (not to mention there�s no real money to
pay for same � print/create more worthless Weimar dollars � hyperinflationary �
even now despite fake reports and worse to come), and from well respected wall
street fraud madoff, "it's
all just one big lie" and that it was "basically, a giant Ponzi
scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC
(AP) and even bigger questions about
fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is
negative/pessimistic). Motek�s legal expert
correctly points to funds problems with meeting redemptions and paraphrases
J.P. Morgan�s immortal words concerning investing by saying as is particularly
relevant now, It�s not return on investment, but return of investment (that
really counts). Banks hit worldwide by US 'fraud'
�. How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? Prosecute and throw them in jail and make them cough up their stolen
multi-billion spoils. Not just super rich caught up in $50B Madoff case
. The previous suckers bear market rally was/is based on
bull s**t alone; namely, now it�s the prospective bailouts/spending programs
with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase � deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million
jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S
15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008:
Zillow Homes in the United States have lost trillions
of dollars in value during 2008, with nearly 11.7 million American households
now owing more on their mortgage than their homes are worth, real estate
website Zillow.com said on Monday. (Remember: more
contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of
What wall street Does Is A Net Positive For The Economy (New Investment Capital
via, ie., ipo�S), The Rest Is
Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via
'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced
disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems remain and there is but
an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc., �so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(12-24-08)� DOW 8,468.48+48.99+0.58% No change worth reporting for second and third weeks of December -2.3% for the first week of
December -5.8% for the month of November. -15%
for the month of October NASDAQ 1,524.90+3.36+0.22% No change worth reporting for second and third weeks of December -5.7% for the first week of
December -11% for the month of November. -17% for October�
S&P 865.42+2.26+0.26%
No change worth reporting for second and
third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $37.51
(RECORD TRADING HIGH $147.27) GAS $1.66 (reg. gas in LAND OF FRUITS AND
NUTS� $1.79 REG./ $2.38 MID-GRADE/ $2.65
PREM./ $2.58 DIESEL)/ GOLD $838 / SILVER $10.35/ PLATINUM $848 / DOLLAR= .71
EURO, 90 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE
YIELD 2.19% ..��� ��AP Business Highlights ������� ����...Yahoo Market
Update... ]� YAHOO - BRIEFING.COM
Weekly Recap ��Absolutely,
Absurdly, Ridiculous! The frauds on wall street say they are
entitled to the obligatory santa claus rally and attempt to keep you suckered
in for their commissions sake with small gains on bull s**t/fraud alone in
holiday shortened light trading, but reality says every day the market�s above
2,000-5,000 on the DOW, 1,000-1,300 on the NASDAQ, and 500-600 on the S&P
is a �santa clause rally, so SELL INTO STRENGTH/TAKE PROFITS/SELL as all
news decisively bad and worse than even dismal expectations except that the
frauds on wall street continue their familiar suckers cheer for bailouts,
bailouts, bailouts, with ephemeral short-covering to lock in year-end gains for
window dressing and much, much worse to come. Unemployment up more than
expected at 26 year high and consumer spending down for
fifth month in a row. In their typically corrupt way, scandal-scarred commerce
department provides fake data for b.s. talking points far better than private
economist estimates but still decline of 1% in durable goods new orders. Oil's slide came in the face of a surprise
inventory draw, which suggests stronger-than-expected demand for the commodity
as Department of Energy reported that oil inventories for the week ending Dec.
19 decreased by 3.10 million barrels. Analyst:
One Third Of Banks To Collapse In 2009 ��U.S. Economy: Home Prices Fall At Depression Pace ��Recession/depression deepens, countries boost spending� Previously, just
modest losses relative to reality so SELL INTO
STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than
even dismal expectations except that the frauds on wall street continue their
familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse
to come. Existing
home sales plunged to a rate of 4.49 million last month, down 8.6 percent from
October, and worse than economists predicted. Total sales, not calculated as an
annual rate, fell 17 percent in November from a year earlier to 322,000, sales
of newly built homes fell 2.9 percent from October to a pace of 407,000 units,
the slowest rate in nearly 18 years. Madoff investor found dead of suicide.
Standard & Poor's lowered the unsecured debt rating of General
Motors (GM 3.01, -0.51) to C from CC, even though the government plans
to provide GM with financing and Moody's lowered Ford's (F
2.19, -0.40) credit rating to Caa3. Final third quarter GDP data showed economy
contracted at an annualized rate of 0.5%, unchanged from the prior reading
though personal consumption component was down 3.8%.� Motek�s experts:� actor/speculator/entertainer/sometimes
economist Ben Stein takes a page out of GM�s playbook by lambasting Fortune
Magazine (you might recall some two decades ago that Fortune warned of GM
managerial ineptitude to which GM responded with outrage and withdrew all
advertising and revenue to Fortune thereby in retaliation - if only they had
listened) for saying caleefornia is number 1, numero uno �.. as prospectively
worse real estate market in the nation, the same Ben Stein who poo-pooed Peter
Shiff�s correct prediction of market crash, but does correctly state fed policies
hyperinflationary; LA economist jumps on the Ben Stein out-to-lunch bandwagon and
says only 10%, not� 25% (as consensus
predicts), decline for caleefornia�..riiiiight�..take that to the bank; broad
donates to MOCA; show biz expert- strike fear; and Shreve of IBD flips yet
again-if only we were all traders�but if you had followed his every whim, only
the frauds on wall street would have made out with substantial commissions in
the ups/downs. IMF warns of Great
Depression ��100% chance of depression in US ��Depression Hits Detroit: Average home price $18,513 -
Unemployment rate 21% ��U.S. Home Resales Fall; Prices Drop by Record 13.2%
��Congressman: �If We�re Not Very Lucky Or If We Don�t Do
Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression�
��World faces �total� financial meltdown: Bank of Spain chief �Previous suckers bear market rally into the close with
150 point swing to the upside based on bull s**t and fraud in the inducement
alone to keep the suckers sucked in and commission dollars flowing for modest
losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all
news decisively bad and worse than even dismal expectations except that the
frauds on wall street do their familiar suckers cheer for bailouts, bailouts,
bailouts, with much, much worse to come.� Motek�s
experts:Economist says economy in full-out recession, aggregate demand down
across the board, abusers are not lubrication for economy so should not get
bailout, another 25% down for real estate prices as foreclosures also will
continue but lower prices will eventually stimulate demand, fed focused now on
long-rates, cites housing/finance/consumer debacles and no recovery till at
least into 2010 at best (I don�t think so); oil expert says contract now
February delivery on expiration of January contract and flood of selling on
expiring contract temporarily depressed prices, oil more expensive in future,
discusses boom/bust cycle (we�re in the bust part); another cites high
redefault rate on modified mortgages and more foreclosures; auto analyst points
to Toyota showing first loss since 1941 inception, global downturn with no
nation spared, reckoning for 15-20 years of bad decision-making, 2009 very grim,
2010 at best for even minimal improvement (I don�t think so); Online e-commerce
expert cites first flat to down year of online retail sales growth; downgrades
GM, american Express, Ford, etc.. World faces �total� financial meltdown: Bank of Spain chief �Housing
crisis worsens as economy weakens���
Japan recession deepens, China cuts rates��� Great Recession/Depression of 2008, et seq., Worse Than All
Others�
AP Impact: Wall Street still flying
corporate jets; indeed, with all the bashing of auto rank and file employee
pay, the reality is that american executives, among the least able, least
talented in the world, along with fraudulent wall street are grossly overpaid
and far exceeding that of their far more able foreign counterparts (AP) ��Where'd the bailout money go? Shhhh,
it's a secret (AP) ��Housing
crisis worsens as economy weakens��
Ratings Agencies Play Reality With Multiple Downgrades in
Banking Sector (at Seeking Alpha) Previous mixed to modest losses
relative to reality so sell into strength/take profits/sell as all news
decisively bad and worse than even dismal expectations except that the frauds
on wall street do their familiar suckers cheer for bailouts, bailouts,
bailouts. Motek�s analyst/options expert predicts controlled bankruptcy for at
least GM (maybe more), cites Fitch downgrade of GM�s credit/default rating and
says GM within weeks of default. Oil analyst cites recession, week demand,
over-supply also stating storage facilities full and resorting to offshore
tankers to store excess oil. Media analyst says economic model for
newspaper/media business broken. Rogers: The Incompetent Senile and Vegetables Have Turned A
Recession Into A Depression �He Saw the Crash Coming: What Gary Shilling Sees for 2009 ��Yes, Shilling�s
using� the d for depression word so If
video unavailable,
here for avi rendering �SCROOGE
BIDEN: ECONOMY IS 'ABSOLUTELY TANKING' ��Previously, recession/depression level
554,000 new unemployment claims (I�m sure in reality, far worse but still bad)
pre-Christmas so wait till the post-Christmas numbers are out � nowhere to hide
those but they�ll try. Motek scraping bottom of barrel for second
day in a row and comes up with another land-of-fruits-and-nuts man, the senile
wedbush who discusses his comrade madeoff with other peoples money, poo-poos
the purported amount, says market not doing badly considering the dismal news
(at least he is lucid enough to realize dismal - market should be between 2,000
to 5,000 on the DOW, 500-600 on S&P, 1,100 to 1,300 on NASDAQ based upon
the dismal but real and probably far worse than reported data) and points to
auto scenario, oil plunge, and madoff fraud for doldrums. Oil analyst says
pressure on commodities generally, liquidation on expiration of January (2009)
oil contracts and liquidation of positions, but February (2009) contracts back
to $40+ rather quickly, and points to decreased current and prospective
refinery capacity on thin to low margins.�
A Most Desperate
Move by the Fed ���Dollar�s Slump Erases Months Of Solid Gains ���The Biggest Bubble Of All . . . U.S. Government Debt� �Video: Crash Will be Worse than Great Depression ��Editorial: What ails global financial system �The $50 billion investment fraud to which
the respected New York financier and former NASDAQ Chairman Bernard L. Madoff
has allegedly confessed, may prove to be the paradigm for all that has gone
wrong with the international financial system. It points up the greed, incompetence
and woeful wishful thinking that have all combined to produce economic meltdown
and plunge the world into recession. Most staggering is the stupidity of both
regulators (and government corruption/venality vis-�-vis wall street) and
professional investors in failing to spot that for at least a decade, at the
heart of his hedge fund operations, Madoff was running a pyramid scheme. This
relied on new investment funds to pay out market-beating returns to existing
investors�..� THIS IS WALL STREET EVERY DAY WITH
THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE OF HUNDREDS OF MILLIONS OF
DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN TAXPAYER BAILOUT FUNDS FOR
THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND FRAUD! U.S. Records Huge Current Account Deficit ���Fed unleashes
greatest bubble of all ���Canadian Prime Minister Stephen Harper believes a
depression is COMING ��Peter
Schiff new VIDEO on the Coming Collapse Dec 16 ���Swiss gold bullion in huge demand as trust in banks dives
��Goldmine
Sachs: Bank�s bonuses cut to a �mere� �142,000 EACH Investment bank
/taxpayer bailout funds recipient Goldman Sachs is to pay �4.3billion in
bonuses to its City workers.� Dollar Falls Most Against Euro Since 1999 Debut on Fed�s
Rate� Dollar Declines to 13-Year Low Against Yen After Fed Rate
Cut ���Federal
spending soars 25% -- even before bailout...��� Previous, building permits declining 15.6% to a
seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined
18.9% from the prior month to an annualized rate of 625,000 units, which was
below the consensus of 736,000 and are 47% below the year-ago level, fed
desperation (they don�t know what they�re doing � remember their pronouncement
-no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style
Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits
while you can since much, much worse to come. Economist Brusca �the economy is sinking fast�, FOMC states that �data indicate deteriorating labor conditions and
declining consumer spending, business investment, and industrial production,
and the outlook for economic activity has weakened further�, �F. William
Engdahl �The US economy is
in a depression free-fall of a scale not seen since the 1930�s�, Kellner cites �helicopter ben� (bernanke), BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs �Survival Panic� for Some in the U.S. Motek
Experts: Art Hogan more realistically candid than
usual cites all bad news, very difficult times, near term lows but no recovery
for economy, hope is that second half of 2009 is better than first half (NOT!),
cites lost decade in Japan with 0% interest rates, negative growth through
fourth quarter 2009, longest recession (depression) in modern times, market
hopefully better in second half of 2009 anticipating better 2010 (NOT!),
bottoming of energy/commodities, worth looking at consumer goods/staples focused
on what you need versus what you want; economist points to bankruptcies up,
housing starts down; Zandi of Moody�s says
not getting better but worse, most credit card holders will not benefit from
rate cut; currency expert says interest rate
cuts increasingly irrelevant, fed buying bonds driving asset prices higher and
displacing private sector with prospectively negative results; and
finally, Peter Shiff cites fed action as irresponsible, destroying value of
money, bear market, money not worth anything, negates any rise in paper
dollar-denominated securities (SELL), says buy gold because of u.s.
hyperinflation. Previous, news worse than
bad and to get much worse but full moon manifest on lunatic asylum for the
criminally insane wall street. More banks reveal Madoff exposure The
�while you can� part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: �forget
the layoffs Coming soon to U.S., 1 million jobs lost every month: Report �, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit
, trade deficits, worthless fraudulent securities, lower
earnings/guidance/outlook, the topic (b.s. talking point) de jour for the
lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to
mention there�s no real money to pay for same � print/create more worthless
Weimar dollars � hyperinflationary Federal Reserve sets stage for Weimar-style
Hyperinflation �� even now
despite fake reports and worse to come), and
from well respected wall street fraud madoff, "it's all just one big
lie" and that it was "basically, a giant Ponzi scheme," which is
fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC
(AP) and even bigger
questions about fraudulent wall street and their washingtonian/federal/state
facilitators. Builders sentiment reading at 9
(anything less than 50 is negative/pessimistic). Motek�s legal expert correctly points to funds problems with meeting
redemptions and paraphrases J.P. Morgan�s immortal words concerning investing
by saying as is particularly relevant now, It�s not return on investment, but
return of investment (that really counts). Banks hit worldwide by US 'fraud'
�. How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? Prosecute and throw them in jail and make them cough up their stolen
multi-billion spoils. Not just super rich caught up in $50B Madoff case
.
The previous suckers bear market rally
was/is based on bull s**t alone; namely, now it�s the prospective
bailouts/spending programs with money that does not really exist (print/create
more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase � deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million
jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S 15 GHOSTS OF WALLSTREET/ECONOMIC
PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow
Homes in the United States have
lost trillions of dollars in value during 2008, with nearly 11.7 million
American households now owing more on their mortgage than their homes are
worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street
frauds, the level and percentage of which MUST be examined in light of
computerization and decreased costs attendant to same especially since only AN
EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The
Economy (New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To A (Economically)
"Wasteful Tax" (On The Economy) via 'churn and earn' computerized
programmed trades). �Moreover, the
ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? The lunatic
wall street frauds� desperation linked to their substantial crimes and booty
which must be disgorged through prosecution, especially since none of the
real problems (hundreds of trillions of fraudulent/worthless securities, etc.)
have been addressed much less solved; hence, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus
today's frothy 879)� There is more hurt in store for the U.S.
equity markets. If you are still thinking of riding this one out, consider
Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of
40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S.
would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit
$2,000, Dow To Sink To 5,000 ��BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get much worse
but full moon manifest on lunatic asylum for the criminally insane wall street.
More banks reveal Madoff exposure The �while you can� part of sell/take profits
manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not
limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: �forget
the layoffs Coming soon to U.S., 1 million jobs lost every month:
Report �, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail
sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit , trade deficits, worthless
fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking
point) de jour for the lunatic (yes, full moon) frauds on wall street is
bailouts, bailouts, bailouts (not to mention there�s no real money to pay for
same � print/create more worthless Weimar dollars � hyperinflationary � even
now despite fake reports and worse to come), and from well respected wall
street fraud madoff, "it's
all just one big lie" and that it was "basically, a giant Ponzi
scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC
(AP) and even bigger questions about
fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is
negative/pessimistic). Motek�s legal expert
correctly points to funds problems with meeting redemptions and paraphrases
J.P. Morgan�s immortal words concerning investing by saying as is particularly
relevant now, It�s not return on investment, but return of investment (that
really counts). Banks hit worldwide by US 'fraud'
�. How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? Prosecute and throw them in jail and make them cough up their stolen
multi-billion spoils. Not just super rich caught up in $50B Madoff case
. The previous suckers bear market rally was/is based on
bull s**t alone; namely, now it�s the prospective bailouts/spending programs
with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase � deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million
jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S
15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008:
Zillow Homes in the United States have lost trillions
of dollars in value during 2008, with nearly 11.7 million American households
now owing more on their mortgage than their homes are worth, real estate
website Zillow.com said on Monday. (Remember: more
contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of
What wall street Does Is A Net Positive For The Economy (New Investment Capital
via, ie., ipo�S), The Rest Is
Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via
'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement
and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems remain and there is but
an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc., �so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus
today's frothy 879)� There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 ��Previous session, modest decline relative to reality so still great opportunity to
sell/take profits since much, much worse to come! All news decisively bad and much worse
than expected with trade deficit up 1.1%, dollar down, unemployment claims up 573,000 a 26 year high,
28% increase in foreclosures, bailout recipient BofA to cut 35,000 jobs, many
other prospective job cuts announced, economic group changes previous forecast
to worse/long recession,� Bernard Madoff arrested over alleged $50 billion
fraud Madoff told senior employees of his firm on Wednesday that
"it's all just one big lie" and that it was basically, a giant Ponzi
scheme (the fraudulent wall street story in a nutshell) , BANK OF AMERICA to cut 35,000
jobs... ,� ...final could be
higher ,� Shocking but
true claim: Most big banks 'bankrupt'... ,� New unemployment claims surge unexpectedly ��,� Ron
Paul: Printing Money Only Prolongs The Pain Amidst the hand-wringing of the
automaker bailout debate, Ron Paul took the opportunity on the House floor
yesterday to remind Congress that the real culprit behind the financial crisis
is the Federal Reserve, and that allowing the Fed to continue to print money
without audit will only prolong the pain.�
,� US budget deficit to reach USD 1 trillion �,� Jim Rogers calls most big U.S. banks �bankrupt� �Jim Rogers, one of the world�s most prominent
international investors, on Thursday called most of the largest U.S. banks
�totally bankrupt,� and said government efforts to fix the sector are
wrongheaded. CORRECTED
- CORRECTED-(OFFICIAL)-UPDATE - Wells Fargo to take $40 bln Q4 charge
,� German
FM criticises Britain�s �crass Keynesian� policies: report ��and read again previous session, forget the layoffs Coming soon to U.S., 1 million jobs lost every month:
Report �, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail
sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit , trade deficits,
worthless fraudulent securities, lower earnings/guidance/outlook, the topic
(b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall
street is bailouts, bailouts, bailouts (not to mention there�s no real money to
pay for same � print/create more worthless Weimar dollars � hyperinflationary �
even now despite fake reports and worse to come) ,� suckers bear market ralley to keep the
suckers sucked in so great opportunity to sell/take profits since much, much worse to
come! �This �suckers bear market rally is based on bull s**t
alone; namely, now the prospective bailouts/spending programs with money that
does not really exist (print/create more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase � deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million jobs lost every month:
Report ��, �America Has No Means to Recover from a Depression ��(Remember: more contrived
wasteful commissions to the wall street frauds, the level and percentage of
which MUST be examined in light of computerization and decreased costs
attendant to same especially since only AN EXTREMELY Small Fraction Of What
wall street Does Is A Net Positive For The Economy (New Investment Capital via,
ie., ipo�S), The Rest Is Tantamount To A
(Economically) "Wasteful Tax" (On The Economy) via 'churn and earn'
computerized programmed trades). �Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced
disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems remain and there is but
an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc., �so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus
today's frothy 848)� There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 ��Previous, modest decline relative to reality so still great time to
sell/take profits since much, much worse to come.� Wall Street stung by risk-aversion and realistically
bleak outlooks� , Point of no return: Interest on T-bills hits zero� ,� Tightening Budgets Mean a Rough Ride for IT� ,� FIRST TIME:
Treasury Bills Trade at Negative Rates... �.� Previous, �suckers bear market rally based on bull s**t
alone; namely, now the prospective bailouts/spending programs with money that
does not really exist (print/create more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase � deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million jobs lost every month:
Report ��, �America Has No Means to Recover from a Depression ��(Remember: more contrived
wasteful commissions to the wall street frauds, the level and percentage of
which MUST be examined in light of computerization and decreased costs
attendant to same especially since only AN EXTREMELY Small Fraction Of What
wall street Does Is A Net Positive For The Economy (New Investment Capital via,
ie., ipo�S), The Rest Is Tantamount To A
(Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized
programmed trades). �Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced
disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems remain and there is but
an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc., �so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus
today's frothy 848)� There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 ��Previous suckers� bear market rally on far worse than
expected and particularly significant bad news provides great opportunity to
sell/take profits, especially considering fraudulent wall street�s previous
modus operandi to keep suckers sucked into this market and their commission
dollars flowing, suckers� rallies into the close, reassuring rallies prior to
weekends as this despite unexpectedly bad news as today, etc., which frauds
perpetrated the yet unprosecuted crimes that have created this current
financial debacle. Record 1.33 homes in foreclosure,15 year high for
unemployment at 6.7% even as many no longer looking with things so depressed
and worse to come in �09, record level deficits both trade and particularly
budget with money not there being spent with abandon (worthless Weimar dollars
being printed created like mad which is and will continue to be
hyperinflationary regardless of the current fake reports). Motek has
actor/speculator/entertainer/sometimes economist Ben Stein points to loans in
foreclosure hitting new records, paulson misconduct, lack of oversight/accontability
in bailout funds, and the seriousness of the crisis, but his pointed barbs seem
fleeting and is most memorable by his somewhat blind adherence to policy as
indicated by his criticism of Peter Shiff for warning
of this debacle years ago. Motek�s oil analyst says economy so bad that oil
demand down, significant recession in 2009, and hedge funds liquidating
positions putting pressure on oil prices. Finally, Motek elicits from Peter
Shiff that jobs created are being destroyed as fast, phony jobs, bear market
and government making worse by digging deeper hole, phony (worthless Weimar)
dollar rally provides opportunity to get out with hyperinflation to come. GREAT OPPORTUNITY
TO SELL INTO THIS SUCKERS� BEAR MARKET RALLY/STRENGTH/TAKE PROFITS WHILE YOU
CAN SINCE MUCH, MUCH WORSE TO COME.� 3 Tell Tale Signs Of This Sucker Rally �, Half-million jobs vanish as economy deteriorates (AP)� , Job losses worst since 1974� Employers cut 533K jobs in Nov., most in 34 years ��, �Late mortgage payments and foreclosures hit record� ,� 1 in 10 homeowners
behind on mortgage payments, or in foreclosure...�� ,� Wall St financiers party like
there's no tomorrow -- literally�
WHERE ARE
THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? It�s been wall street
frauds� nirvana (commissioning a huge decline then a huge incline) at just a
program loop, button push, mouse click away. Previous session,
modest declines relative to reality SO STILL GREAT OPPORTUNITY TO SELL
INTO SUCKERS� BEAR MARKET RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE
MUCH, MUCH WORSE TO COME. CELENTE OF trendsresearch.com, having predicted the
Panic of 2008 now preparing current prognostications for 2009 which will bear
the consequential follow-up title to the Panic of 2008; namely, The Collapse of
2009, further stating there�s nothing they�ve done or prospectively can do to
avoid the complete economic/financial collapse in the u.s., the seeds for which
have already been sown, good money after bad notwithstanding, the die having
been cast. All business/financial/economic news decisively bad; 26 year high for
jobless rolls, orders to factories down sharply, job cuts current and
prospective up sharply. Motek expert comments on auto bailout saying no new
concesions with UAW cuts merely cosmetic, just down payment on failed business
model/scenario, bankruptcy necessary as costs too high, and on economy says
nation to go deeper into recession owing to intactable structural problems;
i.e., deficits, etc.. Another Motek expert says very negative economic environment, sees
deepening of more prolonged recession, discusses risk tolerance in such an
environment recommending highest quality debt instruments but does note risk
premium in lesser quality instruments. Food stamp
use up 17% to 1 in 10 citizens, bankruptcies soaring, and re-default rates on
mortgages rising. Employers
shedding jobs as recession deepens , AP
IMPACT: Some bailout holdings down $9 billion , Governments
brace for long crisis ahead , High
inventory is killing home builders; industry asks for help , It's
Not a Great Time to Get Into Stocks �, Long
Term Investors Should Avoid Leveraged ETFs �, Fixing
the Enron Economy �, US
FEDERAL RESERVE to buy US DEBT? WITH WHAT? ,� Prepare For
Depression Level Unemployment �,� Record
number of Americans using food stamps: report �,� Whether
We End Up Paying For It Through Taxes Or Hyperinflation, It Will Still Come Out
Of Our Pockets �,�� Corporate
Debt Protection Costs Climb Amid Depression Concern �,� Shoppers ready to
call it quits MarketWatch | More
than one-third of consumers chose not to shop at all last month, except on
Black Friday, according to Britt Beemer of America�s Research Group. Lawsuit
claims Citigroup was running a �quasi-Ponzi scheme� �Bloomberg |
Citigroup Inc., the second-biggest U.S. bank by assets, was accused in a
lawsuit of repackaging unmarketable collateralized debt obligations it held and
re-selling them to itself in order to hide its exposure to the securities. WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? Previously,
suckers� bear market rally into the close on bad news with wall street
frauds� nirvana (commissioning a huge decline then a huge incline) at just a program
loop, button push, mouse click away. Indeed, all news still realistically
and decisively (and some deceptively otherwise spun to keep suckers suckered)
bad:� A
Bleak Outlook: Nov. Job Loss at�
250,000, Economic Weakness ��,� US, China
currency clash over worthless american currency... ,� 61%
oppose auto bailout ��, Meredith Whitney Sees Plenty of Pain Ahead for Consumers
(at BusinessWeek)�
,� Desperate
Times, Desperate Policies ) . One non-Motek expert says these suckers� bear
market rallies on bad news are at best wishful thinking and not sustainable
along with realistically dire outlook. Motek expert
says market for speculators/traders and points to volatility index while
failing to point out that there are very, very few successful traders. [Close inspection of the data in past times far better than
now (now we see insurmountable trade/budget deficits, lack of manufacturing
base, global antipathy, etc.) disavows such heavily promoted failed strategies
as dollar-cost averaging where stocks prices remain artificially (now
fraudulently) high for far longer periods of time than lower prices (MBA
Thesis, Albert L. Peia, NYU GBA, 1977), limited exceptions being ie.,
dollar-cost averaging in declining markets, but only when analysis indicates
under-valuation in prospective terms which is certainly isn�t the case now of
rampant over-valuation/fraud]. (Remember:
more contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of
What wall street Does Is A Net Positive For The Economy (New Investment Capital
via, ie., ipo�S), The Rest Is Tantamount To A (Economically)
"Wasteful Tax" (On The Economy) via 'churn and earn' computerized
programmed trades). �Moreover,
the ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How are these
frauds not being prosecuted and forced disgorgement and preposterously getting
taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems remain and there is but an infinitesimally small
fraction of the capital and resources necessary to solve them thanks to fraud,
incompetence, lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus
today's frothy 848)� There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 �, Auditors Fault Oversight of
Bailout Funds... Previous suckers� bear market rally in
the last minutes of the close on bad news with wall street
frauds� nirvana (commissioning a huge decline then a huge incline) at just a
program loop, button push, mouse click away. Indeed, all news
still realistically and decisively (and some deceptively otherwise spun to keep
suckers suckered) bad: GE lowers guidance but maintains dividend ,� November US auto sales drop to 26-year low� , Data signal deep
global downturn �Financial Times , US manufacturing
hits 26-year low: ISM . How are these
frauds not being prosecuted and forced disgorgement and preposterously getting
taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.) have been addressed much less solved; hence, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!
(12-23-08)� DOW 8,419.49-100.28-1.18% No change worth reporting for second and third weeks of December -2.3% for the first week of
December -5.8% for the month of November. -15%
for the month of October NASDAQ 1,521.54-10.81-0.71% No change worth
reporting for second and third weeks of December -5.7% for the first week of
December -11% for the month of November. -17% for October�
S&P 863.16-8.47-0.97%
No change worth reporting for second and
third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $38.98
(RECORD TRADING HIGH $147.27) GAS $1.66 (reg. gas in LAND OF FRUITS AND
NUTS� $1.79 REG./ $2.38 MID-GRADE/ $2.65
PREM./ $2.58 DIESEL)/ GOLD $838.10/ SILVER $10.26/ PLATINUM $845.58 / DOLLAR=
.71 EURO, 90 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR
NOTE YIELD 2.18% ..��� ��AP Business Highlights ������� ����...Yahoo Market
Update... ]� YAHOO - BRIEFING.COM
Weekly Recap �Still just
modest losses relative to reality so SELL INTO
STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than
even dismal expectations except that the frauds on wall street continue their
familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse
to come. Existing
home sales plunged to a rate of 4.49 million last month, down 8.6 percent from
October, and worse than economists predicted. Total sales, not calculated as an
annual rate, fell 17 percent in November from a year earlier to 322,000, sales
of newly built homes fell 2.9 percent from October to a pace of 407,000 units,
the slowest rate in nearly 18 years. Madoff investor found dead of suicide.
Standard & Poor's lowered the unsecured debt rating of General
Motors (GM 3.01, -0.51) to C from CC, even though the government plans
to provide GM with financing and Moody's lowered Ford's (F
2.19, -0.40) credit rating to Caa3. Final third quarter GDP data showed economy
contracted at an annualized rate of 0.5%, unchanged from the prior reading
though personal consumption component was down 3.8%.� Motek�s experts:� actor/speculator/entertainer/sometimes
economist Ben Stein takes a page out of GM�s playbook by lambasting Fortune
Magazine (you might recall some two decades ago that Fortune warned of GM
managerial ineptitude to which GM responded with outrage and withdrew all
advertising and revenue to Fortune thereby in retaliation - if only they had
listened) for saying caleefornia is number 1, numero uno �.. as prospectively
worse real estate market in the nation, the same Ben Stein who poo-pooed Peter
Shiff�s correct prediction of market crash, but does correctly state fed policies
hyperinflationary; LA economist jumps on the Ben Stein out-to-lunch train and
says only 10%, not� 25% (as consensus
predicts), decline for caleefornia�..riiiiight�..take that to the bank; broad
donates to MOCA; show biz expert- strike fear; and Shreve of IBD flips yet
again-if only we were all traders�but if you had followed his every whim, only
the frauds on wall street would have made out with substantial commissions in
the ups/downs. IMF warns of Great
Depression ��100% chance of depression in US ��Depression Hits Detroit: Average home price $18,513 -
Unemployment rate 21% ��U.S. Home Resales Fall; Prices Drop by Record 13.2%
��Congressman: �If We�re Not Very Lucky Or If We Don�t Do
Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression�
��World faces �total� financial meltdown: Bank of Spain chief �Previous suckers bear market rally into the close with
150 point swing to the upside based on bull s**t and fraud in the inducement
alone to keep the suckers sucked in and commission dollars flowing for modest
losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all
news decisively bad and worse than even dismal expectations except that the
frauds on wall street do their familiar suckers cheer for bailouts, bailouts,
bailouts, with much, much worse to come.� Motek�s
experts:Economist says economy in full-out recession, aggregate demand down
across the board, abusers are not lubrication for economy so should not get
bailout, another 25% down for real estate prices as foreclosures also will
continue but lower prices will eventually stimulate demand, fed focused now on
long-rates, cites housing/finance/consumer debacles and no recovery till at
least into 2010 at best (I don�t think so); oil expert says contract now
February delivery on expiration of January contract and flood of selling on
expiring contract temporarily depressed prices, oil more expensive in future,
discusses boom/bust cycle (we�re in the bust part); another cites high
redefault rate on modified mortgages and more foreclosures; auto analyst points
to Toyota showing first loss since 1941 inception, global downturn with no
nation spared, reckoning for 15-20 years of bad decision-making, 2009 very
grim, 2010 at best for even minimal improvement (I don�t think so); Online
e-commerce expert cites first flat to down year of online retail sales growth;
downgrades GM, american Express, Ford, etc.. World faces �total� financial meltdown: Bank of Spain chief �Housing
crisis worsens as economy weakens���
Japan recession deepens, China cuts rates��� Great Recession/Depression of 2008, et seq., Worse Than All
Others�
AP Impact: Wall Street still flying
corporate jets; indeed, with all the bashing of auto rank and file employee
pay, the reality is that american executives, among the least able, least
talented in the world, along with fraudulent wall street are grossly overpaid and
far exceeding that of their far more able foreign counterparts (AP) ��Where'd the bailout money go? Shhhh,
it's a secret (AP) ��Housing
crisis worsens as economy weakens��
Ratings Agencies Play Reality With Multiple Downgrades in
Banking Sector (at Seeking Alpha) Previous mixed to modest losses
relative to reality so sell into strength/take profits/sell as all news
decisively bad and worse than even dismal expectations except that the frauds
on wall street do their familiar suckers cheer for bailouts, bailouts,
bailouts. Motek�s analyst/options expert predicts controlled bankruptcy for at
least GM (maybe more), cites Fitch downgrade of GM�s credit/default rating and
says GM within weeks of default. Oil analyst cites recession, week demand,
over-supply also stating storage facilities full and resorting to offshore
tankers to store excess oil. Media analyst says economic model for
newspaper/media business broken. Rogers: The Incompetent Senile and Vegetables Have Turned A
Recession Into A Depression �He Saw the Crash Coming: What Gary Shilling Sees for 2009 ��Yes, Shilling�s
using� the d for depression word so If
video unavailable,
here for avi rendering �SCROOGE
BIDEN: ECONOMY IS 'ABSOLUTELY TANKING' ��Previously, recession/depression level
554,000 new unemployment claims (I�m sure in reality, far worse but still bad)
pre-Christmas so wait till the post-Christmas numbers are out � nowhere to hide
those but they�ll try. Motek scraping bottom of barrel for second
day in a row and comes up with another land-of-fruits-and-nuts man, the senile
wedbush who discusses his comrade madeoff with other peoples money, poo-poos
the purported amount, says market not doing badly considering the dismal news
(at least he is lucid enough to realize dismal - market should be between 2,000
to 5,000 on the DOW, 500-600 on S&P, 1,100 to 1,300 on NASDAQ based upon
the dismal but real and probably far worse than reported data) and points to
auto scenario, oil plunge, and madoff fraud for doldrums. Oil analyst says
pressure on commodities generally, liquidation on expiration of January (2009)
oil contracts and liquidation of positions, but February (2009) contracts back
to $40+ rather quickly, and points to decreased current and prospective
refinery capacity on thin to low margins.�
A Most Desperate
Move by the Fed ���Dollar�s Slump Erases Months Of Solid Gains ���The Biggest Bubble Of All . . . U.S. Government Debt� �Video: Crash Will be Worse than Great Depression ��Editorial: What ails global financial system �The $50 billion investment fraud to which
the respected New York financier and former NASDAQ Chairman Bernard L. Madoff
has allegedly confessed, may prove to be the paradigm for all that has gone
wrong with the international financial system. It points up the greed,
incompetence and woeful wishful thinking that have all combined to produce
economic meltdown and plunge the world into recession. Most staggering is the
stupidity of both regulators (and government corruption/venality vis-�-vis wall
street) and professional investors in failing to spot that for at least a
decade, at the heart of his hedge fund operations, Madoff was running a pyramid
scheme. This relied on new investment funds to pay out market-beating returns to
existing investors�..� THIS IS WALL STREET EVERY DAY WITH
THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE OF HUNDREDS OF MILLIONS OF
DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN TAXPAYER BAILOUT FUNDS FOR
THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND FRAUD! U.S. Records Huge Current Account Deficit ���Fed unleashes
greatest bubble of all ���Canadian Prime Minister Stephen Harper believes a
depression is COMING ��Peter
Schiff new VIDEO on the Coming Collapse Dec 16 ���Swiss gold bullion in huge demand as trust in banks dives
��Goldmine
Sachs: Bank�s bonuses cut to a �mere� �142,000 EACH Investment bank
/taxpayer bailout funds recipient Goldman Sachs is to pay �4.3billion in
bonuses to its City workers.� Dollar Falls Most Against Euro Since 1999 Debut on Fed�s
Rate� Dollar Declines to 13-Year Low Against Yen After Fed Rate
Cut ���Federal
spending soars 25% -- even before bailout...��� Previous, building permits declining 15.6% to a
seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined
18.9% from the prior month to an annualized rate of 625,000 units, which was
below the consensus of 736,000 and are 47% below the year-ago level, fed
desperation (they don�t know what they�re doing � remember their pronouncement
-no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style
Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits
while you can since much, much worse to come. Economist Brusca �the economy is sinking fast�, FOMC states that �data indicate deteriorating labor conditions and
declining consumer spending, business investment, and industrial production,
and the outlook for economic activity has weakened further�, �F. William
Engdahl �The US economy is
in a depression free-fall of a scale not seen since the 1930�s�, Kellner cites �helicopter ben� (bernanke), BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs �Survival Panic� for Some in the U.S. Motek
Experts: Art Hogan more realistically candid than
usual cites all bad news, very difficult times, near term lows but no recovery
for economy, hope is that second half of 2009 is better than first half (NOT!),
cites lost decade in Japan with 0% interest rates, negative growth through
fourth quarter 2009, longest recession (depression) in modern times, market
hopefully better in second half of 2009 anticipating better 2010 (NOT!),
bottoming of energy/commodities, worth looking at consumer goods/staples
focused on what you need versus what you want; economist points to bankruptcies
up, housing starts down; Zandi of Moody�s
says not getting better but worse, most credit card holders will not benefit
from rate cut; currency expert says interest
rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher
and displacing private sector with prospectively negative results; and
finally, Peter Shiff cites fed action as irresponsible, destroying value of
money, bear market, money not worth anything, negates any rise in paper
dollar-denominated securities (SELL), says buy gold because of u.s.
hyperinflation. Previous, news worse than
bad and to get much worse but full moon manifest on lunatic asylum for the
criminally insane wall street. More banks reveal Madoff exposure The
�while you can� part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: �forget
the layoffs Coming soon to U.S., 1 million jobs lost every month: Report �, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit
, trade deficits, worthless fraudulent securities, lower
earnings/guidance/outlook, the topic (b.s. talking point) de jour for the
lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to
mention there�s no real money to pay for same � print/create more worthless
Weimar dollars � hyperinflationary Federal Reserve sets stage for Weimar-style
Hyperinflation �� even now
despite fake reports and worse to come), and
from well respected wall street fraud madoff, "it's all just one big
lie" and that it was "basically, a giant Ponzi scheme," which is
fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC
(AP) and even bigger
questions about fraudulent wall street and their washingtonian/federal/state
facilitators. Builders sentiment reading at 9
(anything less than 50 is negative/pessimistic). Motek�s legal expert correctly points to funds problems with meeting
redemptions and paraphrases J.P. Morgan�s immortal words concerning investing
by saying as is particularly relevant now, It�s not return on investment, but
return of investment (that really counts). Banks hit worldwide by US 'fraud'
�. How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? Prosecute and throw them in jail and make them cough up their stolen
multi-billion spoils. Not just super rich caught up in $50B Madoff case
.
The previous suckers bear market rally
was/is based on bull s**t alone; namely, now it�s the prospective
bailouts/spending programs with money that does not really exist (print/create
more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase � deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million
jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S 15 GHOSTS OF WALLSTREET/ECONOMIC
PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow
Homes in the United States have
lost trillions of dollars in value during 2008, with nearly 11.7 million American
households now owing more on their mortgage than their homes are worth, real
estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street
frauds, the level and percentage of which MUST be examined in light of
computerization and decreased costs attendant to same especially since only AN
EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The
Economy (New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To A (Economically) "Wasteful
Tax" (On The Economy) via 'churn and earn' computerized programmed
trades). �Moreover, the
ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? The lunatic
wall street frauds� desperation linked to their substantial crimes and booty
which must be disgorged through prosecution, especially since none of the
real problems (hundreds of trillions of fraudulent/worthless securities, etc.)
have been addressed much less solved; hence, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus
today's frothy 879)� There is more hurt in store for the U.S.
equity markets. If you are still thinking of riding this one out, consider
Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of
40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S.
would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit
$2,000, Dow To Sink To 5,000 ��BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get much worse
but full moon manifest on lunatic asylum for the criminally insane wall street.
More banks reveal Madoff exposure The �while you can� part of sell/take profits
manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not
limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: �forget
the layoffs Coming soon to U.S., 1 million jobs lost every month:
Report �, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail
sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit , trade deficits,
worthless fraudulent securities, lower earnings/guidance/outlook, the topic
(b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall
street is bailouts, bailouts, bailouts (not to mention there�s no real money to
pay for same � print/create more worthless Weimar dollars � hyperinflationary �
even now despite fake reports and worse to come), and from well respected wall
street fraud madoff, "it's
all just one big lie" and that it was "basically, a giant Ponzi
scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC
(AP) and even bigger questions about
fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is
negative/pessimistic). Motek�s legal expert
correctly points to funds problems with meeting redemptions and paraphrases
J.P. Morgan�s immortal words concerning investing by saying as is particularly
relevant now, It�s not return on investment, but return of investment (that
really counts). Banks hit worldwide by US 'fraud'
�. How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? Prosecute and throw them in jail and make them cough up their stolen
multi-billion spoils. Not just super rich caught up in $50B Madoff case
. The previous suckers bear market rally was/is based on
bull s**t alone; namely, now it�s the prospective bailouts/spending programs
with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase � deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million
jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S
15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008:
Zillow Homes in the United States have lost trillions
of dollars in value during 2008, with nearly 11.7 million American households
now owing more on their mortgage than their homes are worth, real estate
website Zillow.com said on Monday. (Remember: more
contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of
What wall street Does Is A Net Positive For The Economy (New Investment Capital
via, ie., ipo�S), The Rest Is
Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via
'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced
disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems remain and there is but
an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc., �so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(12-22-08)� DOW 8,519.69 -59.42 -0.69% No change worth reporting for second and third weeks of December -2.3% for the first week of
December -5.8% for the month of November. -15%
for the month of October NASDAQ 1,532.35 -31.97 -2.04% No change worth reporting for second and third weeks of December -5.7% for the first week of
December -11% for the month of November. -17% for October�
S&P 871.63
-16.25 -1.83% No change worth reporting for
second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $39.91
(RECORD TRADING HIGH $147.27) GAS $1.66 (reg. gas in LAND OF FRUITS AND
NUTS� $1.79 REG./ $2.38 MID-GRADE/ $2.65
PREM./ $2.58 DIESEL)/ GOLD $847.20/ SILVER $10.86/ PLATINUM $865.58 / DOLLAR=
.71 EURO, 90 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR
NOTE YIELD 2.17% ..��� ��AP Business Highlights ������
�����...Yahoo Market
Update... ]� YAHOO - BRIEFING.COM
Weekly Recap �Absolutely,
Absurdly, Ridiculous! Suckers bear market rally into the close
with 150 point swing to the upside based on bull s**t and fraud in the
inducement alone to keep the suckers sucked in and commission dollars flowing
for modest losses relative to reality so SELL INTO
STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than
even dismal expectations except that the frauds on wall street do their
familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse
to come.� Motek�s
experts:Economist says economy in full-out recession, aggregate demand down
across the board, abusers are not lubrication for economy so should not get
bailout, another 25% down for real estate prices as foreclosures also will
continue but lower prices will eventually stimulate demand, fed focused now on
long-rates, cites housing/finance/consumer debacles and no recovery till at
least into 2010 at best (I don�t think so); oil expert says contract now
February delivery on expiration of January contract and flood of selling on
expiring contract temporarily depressed prices, oil more expensive in future,
discusses boom/bust cycle (we�re in the bust part); another cites high
redefault rate on modified mortgages and more foreclosures; auto analyst points
to Toyota showing first loss since 1941 inception, global downturn with no
nation spared, reckoning for 15-20 years of bad decision-making, 2009 very
grim, 2010 at best for even minimal improvement (I don�t think so); Online
e-commerce expert cites first flat to down year of online retail sales growth;
downgrades GM, american Express, Ford, etc.. World faces �total� financial meltdown: Bank of Spain chief �Housing
crisis worsens as economy weakens���
Japan recession deepens, China cuts rates��� Great Recession/Depression of 2008, et seq., Worse Than All
Others�
AP Impact: Wall Street still flying
corporate jets; indeed, with all the bashing of auto rank and file employee
pay, the reality is that american executives, among the least able, least
talented in the world, along with fraudulent wall street are grossly overpaid
and far exceeding that of their far more able foreign counterparts (AP) ��Where'd the bailout money go? Shhhh,
it's a secret (AP) ��Housing
crisis worsens as economy weakens��
Ratings Agencies Play Reality With Multiple Downgrades in
Banking Sector (at Seeking Alpha) Previous mixed to modest losses
relative to reality so sell into strength/take profits/sell as all news
decisively bad and worse than even dismal expectations except that the frauds
on wall street do their familiar suckers cheer for bailouts, bailouts,
bailouts. Motek�s analyst/options expert predicts controlled bankruptcy for at
least GM (maybe more), cites Fitch downgrade of GM�s credit/default rating and
says GM within weeks of default. Oil analyst cites recession, week demand,
over-supply also stating storage facilities full and resorting to offshore
tankers to store excess oil. Media analyst says economic model for
newspaper/media business broken. Rogers: The Incompetent Senile and Vegetables Have Turned A
Recession Into A Depression �He Saw the Crash Coming: What Gary Shilling Sees for 2009 ��Yes, Shilling�s
using� the d for depression word so If
video unavailable,
here for avi rendering �SCROOGE
BIDEN: ECONOMY IS 'ABSOLUTELY TANKING' ��Previously, recession/depression level
554,000 new unemployment claims (I�m sure in reality, far worse but still bad)
pre-Christmas so wait till the post-Christmas numbers are out � nowhere to hide
those but they�ll try. Motek scraping bottom of barrel for second
day in a row and comes up with another land-of-fruits-and-nuts man, the senile
wedbush who discusses his comrade madeoff with other peoples money, poo-poos
the purported amount, says market not doing badly considering the dismal news
(at least he is lucid enough to realize dismal - market should be between 2,000
to 5,000 on the DOW, 500-600 on S&P, 1,100 to 1,300 on NASDAQ based upon
the dismal but real and probably far worse than reported data) and points to
auto scenario, oil plunge, and madoff fraud for doldrums. Oil analyst says
pressure on commodities generally, liquidation on expiration of January (2009)
oil contracts and liquidation of positions, but February (2009) contracts back
to $40+ rather quickly, and points to decreased current and prospective
refinery capacity on thin to low margins.�
A Most Desperate Move
by the Fed ���Dollar�s Slump Erases Months Of Solid Gains ���The Biggest Bubble Of All . . . U.S. Government Debt� �Video: Crash Will be Worse than Great Depression ��Editorial: What ails global financial system �The $50 billion investment fraud to which
the respected New York financier and former NASDAQ Chairman Bernard L. Madoff
has allegedly confessed, may prove to be the paradigm for all that has gone
wrong with the international financial system. It points up the greed,
incompetence and woeful wishful thinking that have all combined to produce
economic meltdown and plunge the world into recession. Most staggering is the
stupidity of both regulators (and government corruption/venality vis-�-vis wall
street) and professional investors in failing to spot that for at least a
decade, at the heart of his hedge fund operations, Madoff was running a pyramid
scheme. This relied on new investment funds to pay out market-beating returns
to existing investors�..� THIS IS
WALL STREET EVERY DAY WITH THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE
OF HUNDREDS OF MILLIONS OF DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN
TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND
FRAUD! U.S. Records Huge Current Account Deficit ���Fed unleashes
greatest bubble of all ���Canadian Prime Minister Stephen Harper believes a
depression is COMING ��Peter
Schiff new VIDEO on the Coming Collapse Dec 16 ���Swiss gold bullion in huge demand as trust in banks dives
��Goldmine
Sachs: Bank�s bonuses cut to a �mere� �142,000 EACH Investment bank
/taxpayer bailout funds recipient Goldman Sachs is to pay �4.3billion in
bonuses to its City workers.� Dollar Falls Most Against Euro Since 1999 Debut on Fed�s
Rate� Dollar Declines to 13-Year Low Against Yen After Fed Rate
Cut ���Federal
spending soars 25% -- even before bailout...��� Previous, building permits declining 15.6% to a
seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined
18.9% from the prior month to an annualized rate of 625,000 units, which was
below the consensus of 736,000 and are 47% below the year-ago level, fed
desperation (they don�t know what they�re doing � remember their pronouncement
-no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style
Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits
while you can since much, much worse to come. Economist Brusca �the economy is sinking fast�, FOMC states that �data indicate deteriorating labor conditions and
declining consumer spending, business investment, and industrial production,
and the outlook for economic activity has weakened further�, �F. William
Engdahl �The US economy is
in a depression free-fall of a scale not seen since the 1930�s�, Kellner cites �helicopter ben� (bernanke), BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs �Survival Panic� for Some in the U.S. Motek
Experts: Art Hogan more realistically candid than
usual cites all bad news, very difficult times, near term lows but no recovery
for economy, hope is that second half of 2009 is better than first half (NOT!),
cites lost decade in Japan with 0% interest rates, negative growth through
fourth quarter 2009, longest recession (depression) in modern times, market
hopefully better in second half of 2009 anticipating better 2010 (NOT!),
bottoming of energy/commodities, worth looking at consumer goods/staples
focused on what you need versus what you want; economist points to bankruptcies
up, housing starts down; Zandi of Moody�s
says not getting better but worse, most credit card holders will not benefit
from rate cut; currency expert says interest
rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher
and displacing private sector with prospectively negative results; and
finally, Peter Shiff cites fed action as irresponsible, destroying value of
money, bear market, money not worth anything, negates any rise in paper
dollar-denominated securities (SELL), says buy gold because of u.s.
hyperinflation. Previous, news worse than
bad and to get much worse but full moon manifest on lunatic asylum for the
criminally insane wall street. More banks reveal Madoff exposure The
�while you can� part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: �forget
the layoffs Coming soon to U.S., 1 million jobs lost every month: Report �, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit
, trade deficits, worthless fraudulent securities, lower
earnings/guidance/outlook, the topic (b.s. talking point) de jour for the
lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to
mention there�s no real money to pay for same � print/create more worthless
Weimar dollars � hyperinflationary Federal Reserve sets stage for Weimar-style
Hyperinflation �� even now
despite fake reports and worse to come), and
from well respected wall street fraud madoff, "it's all just one big
lie" and that it was "basically, a giant Ponzi scheme," which is
fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC
(AP) and even bigger
questions about fraudulent wall street and their washingtonian/federal/state
facilitators. Builders sentiment reading at 9
(anything less than 50 is negative/pessimistic). Motek�s legal expert correctly points to funds problems with meeting
redemptions and paraphrases J.P. Morgan�s immortal words concerning investing
by saying as is particularly relevant now, It�s not return on investment, but
return of investment (that really counts). Banks hit worldwide by US 'fraud'
�. How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? Prosecute and throw them in jail and make them cough up their stolen
multi-billion spoils. Not just super rich caught up in $50B Madoff case
.
The previous suckers bear market rally
was/is based on bull s**t alone; namely, now it�s the prospective
bailouts/spending programs with money that does not really exist (print/create
more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase � deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million
jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S 15 GHOSTS OF WALLSTREET/ECONOMIC
PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow
Homes in the United States have
lost trillions of dollars in value during 2008, with nearly 11.7 million
American households now owing more on their mortgage than their homes are
worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street
frauds, the level and percentage of which MUST be examined in light of
computerization and decreased costs attendant to same especially since only AN
EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The
Economy (New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To A (Economically)
"Wasteful Tax" (On The Economy) via 'churn and earn' computerized
programmed trades). �Moreover, the
ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? The lunatic
wall street frauds� desperation linked to their substantial crimes and booty which
must be disgorged through prosecution, especially since none of the real
problems (hundreds of trillions of fraudulent/worthless securities, etc.) have
been addressed much less solved; hence, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(12-19-08)� DOW 8,579.11 -25.88
-0.30% No change worth
reporting for second and third weeks of December -2.3% for the first week of
December -5.8% for the month of November. -15%
for the month of October NASDAQ 1,564.32��� +11.95 +0.77% No change worth reporting for second and third weeks of December -5.7% for the first week of
December -11% for the month of November. -17% for October�
S&P 887.88 +2.60 +0.29% No change worth reporting for second and third weeks of December -2.7% for the first week of
December -7.5% for the month of November. -18% for October [CLOSE- OIL $33.87
(RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND
NUTS� $1.75 REG./ $2.38 MID-GRADE/ $2.65
PREM./ $2.35 DIESEL)/ GOLD $837.40/ SILVER $10.85/ PLATINUM $851.30 / DOLLAR=
.71 EURO, 89 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR
NOTE YIELD 2.13% ..��� ��AP Business Highlights ������� ����...Yahoo Market
Update... ]� YAHOO - BRIEFING.COM
Weekly Recap �Absolutely,
Absurdly, Ridiculous! Mixed to modest losses relative to reality
so sell into strength/take profits/sell as all news decisively bad and worse
than even dismal expectations except that the frauds on wall street do their
familiar suckers cheer for bailouts, bailouts, bailouts. Motek�s
analyst/options expert predicts controlled bankruptcy for at least GM (maybe
more), cites Fitch downgrade of GM�s credit/default rating and says GM within
weeks of default. Oil analyst cites recession, week demand, over-supply also
stating storage facilities full and resorting to offshore tankers to store
excess oil. Media analyst says economic model for newspaper/media business
broken. Rogers: The Incompetent Senile and Vegetables Have Turned A
Recession Into A Depression �He Saw the Crash Coming: What Gary Shilling Sees for 2009 ��Yes, Shilling�s
using� the d for depression word so If
video unavailable,
here for avi rendering �SCROOGE
BIDEN: ECONOMY IS 'ABSOLUTELY TANKING' ��Previously, recession/depression level
554,000 new unemployment claims (I�m sure in reality, far worse but still bad)
pre-Christmas so wait till the post-Christmas numbers are out � nowhere to hide
those but they�ll try. Motek scraping bottom of barrel for second
day in a row and comes up with another land-of-fruits-and-nuts man, the senile
wedbush who discusses his comrade madeoff with other peoples money, poo-poos
the purported amount, says market not doing badly considering the dismal news
(at least he is lucid enough to realize dismal - market should be between 2,000
to 5,000 on the DOW, 500-600 on S&P, 1,100 to 1,300 on NASDAQ based upon
the dismal but real and probably far worse than reported data) and points to
auto scenario, oil plunge, and madoff fraud for doldrums. Oil analyst says
pressure on commodities generally, liquidation on expiration of January (2009)
oil contracts and liquidation of positions, but February (2009) contracts back
to $40+ rather quickly, and points to decreased current and prospective
refinery capacity on thin to low margins.�
A Most Desperate
Move by the Fed ���Dollar�s Slump Erases Months Of Solid Gains ���The Biggest Bubble Of All . . . U.S. Government Debt� �Video: Crash Will be Worse than Great Depression ��Editorial: What ails global financial system �The $50 billion investment fraud to which
the respected New York financier and former NASDAQ Chairman Bernard L. Madoff
has allegedly confessed, may prove to be the paradigm for all that has gone
wrong with the international financial system. It points up the greed,
incompetence and woeful wishful thinking that have all combined to produce
economic meltdown and plunge the world into recession. Most staggering is the
stupidity of both regulators (and government corruption/venality vis-�-vis wall
street) and professional investors in failing to spot that for at least a
decade, at the heart of his hedge fund operations, Madoff was running a pyramid
scheme. This relied on new investment funds to pay out market-beating returns
to existing investors�..� THIS IS
WALL STREET EVERY DAY WITH THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE
OF HUNDREDS OF MILLIONS OF DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN
TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND
FRAUD! U.S. Records Huge Current Account Deficit ���Fed unleashes
greatest bubble of all ���Canadian Prime Minister Stephen Harper believes a
depression is COMING ��Peter
Schiff new VIDEO on the Coming Collapse Dec 16 ���Swiss gold bullion in huge demand as trust in banks dives
��Goldmine
Sachs: Bank�s bonuses cut to a �mere� �142,000 EACH Investment bank
/taxpayer bailout funds recipient Goldman Sachs is to pay �4.3billion in
bonuses to its City workers.� Dollar Falls Most Against Euro Since 1999 Debut on Fed�s
Rate� Dollar Declines to 13-Year Low Against Yen After Fed Rate
Cut ���Federal
spending soars 25% -- even before bailout...��� Previous, building permits declining 15.6% to a
seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined
18.9% from the prior month to an annualized rate of 625,000 units, which was
below the consensus of 736,000 and are 47% below the year-ago level, fed
desperation (they don�t know what they�re doing � remember their pronouncement
-no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style
Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits
while you can since much, much worse to come. Economist Brusca �the economy is sinking fast�, FOMC states that �data indicate deteriorating labor conditions and
declining consumer spending, business investment, and industrial production,
and the outlook for economic activity has weakened further�, �F. William
Engdahl �The US economy is
in a depression free-fall of a scale not seen since the 1930�s�, Kellner cites �helicopter ben� (bernanke), BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs �Survival Panic� for Some in the U.S. Motek
Experts: Art Hogan more realistically candid than
usual cites all bad news, very difficult times, near term lows but no recovery
for economy, hope is that second half of 2009 is better than first half (NOT!),
cites lost decade in Japan with 0% interest rates, negative growth through
fourth quarter 2009, longest recession (depression) in modern times, market
hopefully better in second half of 2009 anticipating better 2010 (NOT!),
bottoming of energy/commodities, worth looking at consumer goods/staples
focused on what you need versus what you want; economist points to bankruptcies
up, housing starts down; Zandi of Moody�s
says not getting better but worse, most credit card holders will not benefit
from rate cut; currency expert says interest
rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher
and displacing private sector with prospectively negative results; and
finally, Peter Shiff cites fed action as irresponsible, destroying value of
money, bear market, money not worth anything, negates any rise in paper
dollar-denominated securities (SELL), says buy gold because of u.s.
hyperinflation. Previous, news worse than
bad and to get much worse but full moon manifest on lunatic asylum for the
criminally insane wall street. More banks reveal Madoff exposure The
�while you can� part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: �forget
the layoffs Coming soon to U.S., 1 million jobs lost every month: Report �, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit
, trade deficits, worthless fraudulent securities, lower
earnings/guidance/outlook, the topic (b.s. talking point) de jour for the
lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to
mention there�s no real money to pay for same � print/create more worthless
Weimar dollars � hyperinflationary Federal Reserve sets stage for Weimar-style Hyperinflation
�� even now despite fake reports
and worse to come), and from well respected wall street
fraud madoff, "it's all just one big lie" and that it was "basically,
a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC
(AP) and even bigger
questions about fraudulent wall street and their washingtonian/federal/state
facilitators. Builders sentiment reading at 9
(anything less than 50 is negative/pessimistic). Motek�s legal expert correctly points to funds problems with meeting
redemptions and paraphrases J.P. Morgan�s immortal words concerning investing
by saying as is particularly relevant now, It�s not return on investment, but
return of investment (that really counts). Banks hit worldwide by US 'fraud'
�. How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? Prosecute and throw them in jail and make them cough up their stolen
multi-billion spoils. Not just super rich caught up in $50B Madoff case
.
The previous suckers bear market rally
was/is based on bull s**t alone; namely, now it�s the prospective
bailouts/spending programs with money that does not really exist (print/create
more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase � deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million
jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S 15 GHOSTS OF WALLSTREET/ECONOMIC
PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow
Homes in the United States have
lost trillions of dollars in value during 2008, with nearly 11.7 million
American households now owing more on their mortgage than their homes are
worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street
frauds, the level and percentage of which MUST be examined in light of
computerization and decreased costs attendant to same especially since only AN
EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The
Economy (New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To A (Economically)
"Wasteful Tax" (On The Economy) via 'churn and earn' computerized
programmed trades). �Moreover, the
ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? The lunatic
wall street frauds� desperation linked to their substantial crimes and booty
which must be disgorged through prosecution, especially since none of the
real problems (hundreds of trillions of fraudulent/worthless securities, etc.)
have been addressed much less solved; hence, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(12-18-08)� DOW 8,604.99 -219.35 -2.49% No change
worth reporting for second week of December -2.3% for the first week of
December -5.8% for the month of November. -15%
for the month of October NASDAQ 1,552.37 �26.94
�1.8% No change worth reporting for second
week of
December -5.7% for the first week of December -11% for the month of November. -17% for October�
S&P 885.28 -19.08
�2.1% No
change worth reporting for second week of December -2.7% for the first week of
December -7.5% for the month of November. -18% for October [CLOSE- OIL $36.22
(RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND
NUTS� $1.75 REG./ $2.38 MID-GRADE/ $2.65
PREM./ $2.35 DIESEL)/ GOLD $860.60/ SILVER $10.96/ PLATINUM $863.90 / DOLLAR=
.70 EURO, 88 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR
NOTE YIELD 2.06% ..��� ��AP Business Highlights ������� ����...Yahoo Market
Update... ]� YAHOO - BRIEFING.COM Weekly Recap �Yet still
only modest losses relative to reality so sell into strength/take profits/sell
as all news decisively bad and worse than even dismal expectations except that
the frauds on wall street did their suckers cheer for the recession/depression
level 554,000 new unemployment claims (I�m sure in reality, far worse but still
bad) pre-Christmas so wait till the post-Christmas numbers are out � nowhere to
hide those but they�ll try. Motek scraping bottom of barrel for
second day in a row and comes up with another land-of-fruits-and-nuts man, the
senile wedbush who discusses his comrade madoff with other peoples money,
poo-poos the purported amount, says market not doing badly considering the
dismal news (at least he is lucid enough to realize dismal - market should be
between 2,000 to 5,000 on the DOW based upon the dismal but real and probably
worse data) and points to auto scenario, oil plunge, and madoff fraud for
doldrums. Oil analyst says pressure on commodities generally, liquidation on
expiration of January (2009) oil contracts and liquidation of positions, but
February (2009) contracts back to $40+ rather quickly, and points to decreased
current and prospective refinery capacity on thin to low margins. �A Most Desperate
Move by the Fed ���Dollar�s Slump Erases Months Of Solid Gains ���The Biggest Bubble Of All . . . U.S. Government Debt�
Video: Crash Will be Worse than Great Depression ��Editorial: What ails global financial system �The $50 billion investment fraud to which
the respected New York financier and former NASDAQ Chairman Bernard L. Madoff
has allegedly confessed, may prove to be the paradigm for all that has gone
wrong with the international financial system. It points up the greed,
incompetence and woeful wishful thinking that have all combined to produce
economic meltdown and plunge the world into recession. Most staggering is the
stupidity of both regulators (and government corruption/venality vis-�-vis wall
street) and professional investors in failing to spot that for at least a
decade, at the heart of his hedge fund operations, Madoff was running a pyramid
scheme. This relied on new investment funds to pay out market-beating returns
to existing investors�..� THIS IS
WALL STREET EVERY DAY WITH THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE
OF HUNDREDS OF MILLIONS OF DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN
TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND
FRAUD! U.S. Records Huge Current Account Deficit ���Fed unleashes
greatest bubble of all ���Canadian Prime Minister Stephen Harper believes a
depression is COMING ��Peter
Schiff new VIDEO on the Coming Collapse Dec 16 ���Swiss gold bullion in huge demand as trust in banks dives
��Goldmine
Sachs: Bank�s bonuses cut to a �mere� �142,000 EACH Investment bank
/taxpayer bailout funds recipient Goldman Sachs is to pay �4.3billion in
bonuses to its City workers.� Dollar Falls Most Against Euro Since 1999 Debut on Fed�s
Rate� Dollar Declines to 13-Year Low Against Yen After Fed Rate
Cut ���Federal
spending soars 25% -- even before bailout...��� Previous, building permits declining 15.6% to a
seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined
18.9% from the prior month to an annualized rate of 625,000 units, which was
below the consensus of 736,000 and are 47% below the year-ago level, fed
desperation (they don�t know what they�re doing � remember their pronouncement
-no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style
Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits
while you can since much, much worse to come. Economist Brusca �the economy is sinking fast�, FOMC states that �data indicate deteriorating labor conditions and
declining consumer spending, business investment, and industrial production,
and the outlook for economic activity has weakened further�, �F. William
Engdahl �The US economy is
in a depression free-fall of a scale not seen since the 1930�s�, Kellner cites �helicopter ben� (bernanke), BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs �Survival Panic� for Some in the U.S. Motek
Experts: Art Hogan more realistically candid than
usual cites all bad news, very difficult times, near term lows but no recovery
for economy, hope is that second half of 2009 is better than first half (NOT!),
cites lost decade in Japan with 0% interest rates, negative growth through
fourth quarter 2009, longest recession (depression) in modern times, market
hopefully better in second half of 2009 anticipating better 2010 (NOT!),
bottoming of energy/commodities, worth looking at consumer goods/staples
focused on what you need versus what you want; economist points to bankruptcies
up, housing starts down; Zandi of Moody�s
says not getting better but worse, most credit card holders will not benefit
from rate cut; currency expert says interest
rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher
and displacing private sector with prospectively negative results; and
finally, Peter Shiff cites fed action as irresponsible, destroying value of
money, bear market, money not worth anything, negates any rise in paper
dollar-denominated securities (SELL), says buy gold because of u.s.
hyperinflation. Previous, news worse than
bad and to get much worse but full moon manifest on lunatic asylum for the
criminally insane wall street. More banks reveal Madoff exposure The
�while you can� part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: �forget
the layoffs Coming soon to U.S., 1 million jobs lost every month: Report �, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit
, trade deficits, worthless fraudulent securities, lower
earnings/guidance/outlook, the topic (b.s. talking point) de jour for the
lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to
mention there�s no real money to pay for same � print/create more worthless
Weimar dollars � hyperinflationary Federal Reserve sets stage for Weimar-style
Hyperinflation �� even now
despite fake reports and worse to come), and
from well respected wall street fraud madoff, "it's all just one big
lie" and that it was "basically, a giant Ponzi scheme," which is
fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC
(AP) and even bigger
questions about fraudulent wall street and their washingtonian/federal/state
facilitators. Builders sentiment reading at 9
(anything less than 50 is negative/pessimistic). Motek�s legal expert correctly points to funds problems with meeting
redemptions and paraphrases J.P. Morgan�s immortal words concerning investing
by saying as is particularly relevant now, It�s not return on investment, but
return of investment (that really counts). Banks hit worldwide by US 'fraud'
�. How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? Prosecute and throw them in jail and make them cough up their stolen
multi-billion spoils. Not just super rich caught up in $50B Madoff case
.
The previous suckers bear market rally
was/is based on bull s**t alone; namely, now it�s the prospective
bailouts/spending programs with money that does not really exist (print/create
more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase � deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million
jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S 15 GHOSTS OF WALLSTREET/ECONOMIC
PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow
Homes in the United States have
lost trillions of dollars in value during 2008, with nearly 11.7 million
American households now owing more on their mortgage than their homes are
worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street
frauds, the level and percentage of which MUST be examined in light of
computerization and decreased costs attendant to same especially since only AN
EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The
Economy (New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To A (Economically)
"Wasteful Tax" (On The Economy) via 'churn and earn' computerized
programmed trades). �Moreover, the
ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? The lunatic
wall street frauds� desperation linked to their substantial crimes and booty
which must be disgorged through prosecution, especially since none of the
real problems (hundreds of trillions of fraudulent/worthless securities, etc.)
have been addressed much less solved; hence, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus
today's frothy 879)� There is more hurt in store for the U.S.
equity markets. If you are still thinking of riding this one out, consider
Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of
40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S.
would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit
$2,000, Dow To Sink To 5,000 ��BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get much worse
but full moon manifest on lunatic asylum for the criminally insane wall street.
More banks reveal Madoff exposure The �while you can� part of sell/take profits
manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not
limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: �forget
the layoffs Coming soon to U.S., 1 million jobs lost every month:
Report �, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail
sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit , trade deficits,
worthless fraudulent securities, lower earnings/guidance/outlook, the topic
(b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall
street is bailouts, bailouts, bailouts (not to mention there�s no real money to
pay for same � print/create more worthless Weimar dollars � hyperinflationary �
even now despite fake reports and worse to come), and from well respected wall
street fraud madoff, "it's
all just one big lie" and that it was "basically, a giant Ponzi
scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC
(AP) and even bigger questions about
fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is
negative/pessimistic). Motek�s legal expert
correctly points to funds problems with meeting redemptions and paraphrases
J.P. Morgan�s immortal words concerning investing by saying as is particularly
relevant now, It�s not return on investment, but return of investment (that
really counts). Banks hit worldwide by US 'fraud'
�. How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? Prosecute and throw them in jail and make them cough up their stolen
multi-billion spoils. Not just super rich caught up in $50B Madoff case
. The previous suckers bear market rally was/is based on
bull s**t alone; namely, now it�s the prospective bailouts/spending programs
with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase � deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million
jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S 15
GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008:
Zillow Homes in the United States have lost trillions
of dollars in value during 2008, with nearly 11.7 million American households
now owing more on their mortgage than their homes are worth, real estate website
Zillow.com said on Monday. (Remember: more contrived
wasteful commissions to the wall street frauds, the level and percentage of
which MUST be examined in light of computerization and decreased costs
attendant to same especially since only AN EXTREMELY Small Fraction Of What
wall street Does Is A Net Positive For The Economy (New Investment Capital via,
ie., ipo�S), The Rest Is Tantamount To A
(Economically) "Wasteful Tax" (On The Economy) via 'churn and earn'
computerized programmed trades). �Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced
disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems remain and there is but
an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc., �so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(12-17-08)� DOW 8,824.34 -99.80 -1.12% No change worth reporting for
second week
of December -2.3% for the first week of December -5.8% for the
month of November. -15% for the month of October NASDAQ 1,579.31 -10.58 �1% No
change worth reporting for second week of December -5.7% for the first week of
December -11% for the month of November. -17% for October�
S&P 904.42 -8.76 �1% No change worth reporting for
second week
of December -2.7% for the first week of December -7.5%
for the month of November. -18% for October
[CLOSE- OIL $40.06 (RECORD TRADING HIGH $147.27) GAS
$1.65 (reg. gas in LAND OF FRUITS AND NUTS�
$1.75 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.35 DIESEL)/ GOLD $868.51/
SILVER $11.42/ PLATINUM $865.20 / DOLLAR= .67 EURO, 88 YEN, .64 POUND STERLING,
ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.17% ..���
��AP Business Highlights
������� ����...Yahoo Market
Update... ]� YAHOO - BRIEFING.COM Weekly Recap �Absolutely, Absurdly,
Ridiculous! Only modest losses relative to reality so sell into strength/take
profits/sell as all news decisively bad and worse than even dismal
expectations. Editorial: What ails global financial system �The $50 billion investment fraud to which
the respected New York financier and former NASDAQ Chairman Bernard L. Madoff
has allegedly confessed, may prove to be the paradigm for all that has gone
wrong with the international financial system. It points up the greed,
incompetence and woeful wishful thinking that have all combined to produce
economic meltdown and plunge the world into recession. Most staggering is the
stupidity of both regulators (and government corruption/venality vis-�-vis wall
street) and professional investors in failing to spot that for at least a
decade, at the heart of his hedge fund operations, Madoff was running a pyramid
scheme. This relied on new investment funds to pay out market-beating returns
to existing investors�..� THIS IS
WALL STREET EVERY DAY WITH THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE
OF HUNDREDS OF MILLIONS OF DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN
TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND
FRAUD! U.S. Records Huge Current Account Deficit ���Fed unleashes
greatest bubble of all ���Canadian Prime Minister Stephen Harper believes a
depression is COMING ��Peter
Schiff new VIDEO on the Coming Collapse Dec 16 ���Swiss gold bullion in huge demand as trust in banks dives
��Goldmine
Sachs: Bank�s bonuses cut to a �mere� �142,000 EACH Investment bank
/taxpayer bailout funds recipient Goldman Sachs is to pay �4.3billion in
bonuses to its City workers.� Dollar Falls Most Against Euro Since 1999 Debut on Fed�s
Rate� Dollar Declines to 13-Year Low Against Yen After Fed Rate
Cut ���Federal
spending soars 25% -- even before bailout...��� Previous, building permits declining 15.6% to a
seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined
18.9% from the prior month to an annualized rate of 625,000 units, which was
below the consensus of 736,000 and are 47% below the year-ago level, fed
desperation (they don�t know what they�re doing � remember their pronouncement
-no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style
Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits
while you can since much, much worse to come. Economist Brusca �the economy is sinking fast�, FOMC states that �data indicate deteriorating labor conditions and
declining consumer spending, business investment, and industrial production,
and the outlook for economic activity has weakened further�, �F. William
Engdahl �The US economy is
in a depression free-fall of a scale not seen since the 1930�s�, Kellner cites �helicopter ben� (bernanke), BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs �Survival Panic� for Some in the U.S. Motek
Experts: Art Hogan more realistically candid than
usual cites all bad news, very difficult times, near term lows but no recovery
for economy, hope is that second half of 2009 is better than first half (NOT!),
cites lost decade in Japan with 0% interest rates, negative growth through
fourth quarter 2009, longest recession (depression) in modern times, market
hopefully better in second half of 2009 anticipating better 2010 (NOT!),
bottoming of energy/commodities, worth looking at consumer goods/staples
focused on what you need versus what you want; economist points to bankruptcies
up, housing starts down; Zandi of Moody�s
says not getting better but worse, most credit card holders will not benefit
from rate cut; currency expert says interest
rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher
and displacing private sector with prospectively negative results; and finally,
Peter Shiff cites fed action as irresponsible, destroying value of money, bear
market, money not worth anything, negates any rise in paper dollar-denominated
securities (SELL), says buy gold because of u.s. hyperinflation. Previous, news worse than bad and to get much
worse but full moon manifest on lunatic asylum for the criminally insane wall
street. More banks reveal Madoff exposure The
�while you can� part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: �forget the
layoffs Coming soon to U.S., 1 million jobs lost every month: Report �, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit
, trade deficits, worthless fraudulent securities, lower
earnings/guidance/outlook, the topic (b.s. talking point) de jour for the
lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to
mention there�s no real money to pay for same � print/create more worthless
Weimar dollars � hyperinflationary Federal Reserve sets stage for Weimar-style
Hyperinflation �� even now
despite fake reports and worse to come), and
from well respected wall street fraud madoff, "it's all just one big
lie" and that it was "basically, a giant Ponzi scheme," which is
fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC
(AP) and even bigger
questions about fraudulent wall street and their washingtonian/federal/state
facilitators. Builders sentiment reading at 9
(anything less than 50 is negative/pessimistic). Motek�s legal expert correctly points to funds problems with meeting redemptions
and paraphrases J.P. Morgan�s immortal words concerning investing by saying as
is particularly relevant now, It�s not return on investment, but return of
investment (that really counts). Banks hit worldwide by US 'fraud'
�. How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? Prosecute and throw them in jail and make them cough up their stolen
multi-billion spoils. Not just super rich caught up in $50B Madoff case
.
The previous suckers bear market rally
was/is based on bull s**t alone; namely, now it�s the prospective
bailouts/spending programs with money that does not really exist (print/create
more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase � deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million
jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S 15 GHOSTS OF WALLSTREET/ECONOMIC
PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow
Homes in the United States have
lost trillions of dollars in value during 2008, with nearly 11.7 million
American households now owing more on their mortgage than their homes are
worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street
frauds, the level and percentage of which MUST be examined in light of
computerization and decreased costs attendant to same especially since only AN
EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The
Economy (New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To A (Economically)
"Wasteful Tax" (On The Economy) via 'churn and earn' computerized
programmed trades). �Moreover, the
ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? The lunatic
wall street frauds� desperation linked to their substantial crimes and booty
which must be disgorged through prosecution, especially since none of the
real problems (hundreds of trillions of fraudulent/worthless securities, etc.)
have been addressed much less solved; hence, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P 500 (versus
today's frothy 879)� There is more hurt in store for the U.S.
equity markets. If you are still thinking of riding this one out, consider
Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of
40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S.
would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit
$2,000, Dow To Sink To 5,000 ��BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get much worse
but full moon manifest on lunatic asylum for the criminally insane wall street.
More banks reveal Madoff exposure The �while you can� part of sell/take profits
manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not
limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: �forget
the layoffs Coming soon to U.S., 1 million jobs lost every month:
Report �, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail
sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit , trade deficits,
worthless fraudulent securities, lower earnings/guidance/outlook, the topic
(b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall
street is bailouts, bailouts, bailouts (not to mention there�s no real money to
pay for same � print/create more worthless Weimar dollars � hyperinflationary �
even now despite fake reports and worse to come), and from well respected wall
street fraud madoff, "it's
all just one big lie" and that it was "basically, a giant Ponzi
scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC
(AP) and even bigger questions about
fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is
negative/pessimistic). Motek�s legal expert
correctly points to funds problems with meeting redemptions and paraphrases
J.P. Morgan�s immortal words concerning investing by saying as is particularly
relevant now, It�s not return on investment, but return of investment (that
really counts). Banks hit worldwide by US 'fraud'
�. How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? Prosecute and throw them in jail and make them cough up their stolen
multi-billion spoils. Not just super rich caught up in $50B Madoff case
. The previous suckers bear market rally was/is based on bull
s**t alone; namely, now it�s the prospective bailouts/spending programs with
money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase � deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million
jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S
15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008:
Zillow Homes in the United States have lost trillions
of dollars in value during 2008, with nearly 11.7 million American households
now owing more on their mortgage than their homes are worth, real estate
website Zillow.com said on Monday. (Remember: more
contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of
What wall street Does Is A Net Positive For The Economy (New Investment Capital
via, ie., ipo�S), The Rest Is
Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via
'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced
disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems remain and there is but
an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc., �so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(12-16-08)� DOW 8,924.14 +359.61 +4.20% No change worth reporting for second week of December -2.3%
for the first week of December -5.8% for the
month of November. -15% for
the month of October NASDAQ 1,589.89
+81.55 +5.41% No change worth reporting for
second week of December -5.7% for the first week of
December -11% for the month of November. -17% for October� S&P 913.18 +44.61 +5.14% No change worth reporting for second week of
December -2.7% for the first week of December -7.5%
for the month of November. -18% for October [CLOSE-
OIL $43.60 (RECORD TRADING HIGH $147.27) GAS
$1.65 (reg. gas in LAND OF FRUITS AND NUTS�
$1.75 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.35 DIESEL)/ GOLD $856/
SILVER $11.06/ PLATINUM $865.51 / DOLLAR= .70 EURO, 88 YEN, .64 POUND STERLING,
ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.26% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap �Absolutely,
Absurdly, Ridiculous! Sell into strength/take profits/sell as all news
decisively bad and worse than even dismal expectations with building permits declining 15.6% to a
seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined
18.9% from the prior month to an annualized rate of 625,000 units, which was
below the consensus of 736,000 and are 47% below the year-ago level, fed
desperation (they don�t know what they�re doing � remember their pronouncement
-no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style
Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits
while you can since much, much worse to come. Economist Brusca �the economy is sinking fast�, FOMC states that �data indicate
deteriorating labor conditions and declining consumer spending, business
investment, and industrial production, and the outlook for economic activity
has weakened further�, �F.
William Engdahl
�The US economy is in a depression free-fall of a scale not seen since the
1930�s�, Kellner
cites �helicopter ben� (bernanke), BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs �Survival Panic� for Some in the U.S. Motek
Experts: Art Hogan more realistically candid than
usual cites all bad news, very difficult times, near term lows but no recovery
for economy, hope is that second half of 2009 is better than first half (NOT!),
cites lost decade in Japan with 0% interest rates, negative growth through
fourth quarter 2009, longest recession (depression) in modern times, market
hopefully better in second half of 2009 anticipating better 2010 (NOT!),
bottoming of energy/commodities, worth looking at consumer goods/staples
focused on what you need versus what you want; economist points to bankruptcies
up, housing starts down; Zandi of Moody�s
says not getting better but worse, most credit card holders will not benefit
from rate cut; currency expert says interest
rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher
and displacing private sector with prospectively negative results; and finally, Peter Shiff cites fed action as irresponsible,
destroying value of money, bear market, money not worth anything, negates any
rise in paper dollar-denominated securities (SELL), says buy gold because of
u.s. hyperinflation. Previous,
news worse than bad and to get much worse but full moon manifest on lunatic
asylum for the criminally insane wall street. More banks reveal Madoff exposure The �while you can� part of sell/take profits
manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: �forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report �, forget the
foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail
sales Retail
sales post big drop in November� , �forget the $1 trillion record
budget deficit , trade deficits, worthless fraudulent securities, lower
earnings/guidance/outlook, the topic (b.s. talking point) de jour for the
lunatic (yes, full moon) frauds on wall street is bailouts, bailouts,
bailouts (not to mention there�s no real money to pay for same � print/create
more worthless Weimar dollars � hyperinflationary Federal Reserve sets stage for Weimar-style
Hyperinflation ��
even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big
lie" and that it was "basically, a giant Ponzi scheme," which is
fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC
(AP) and even bigger
questions about fraudulent wall street and their washingtonian/federal/state
facilitators. Builders sentiment reading at 9
(anything less than 50 is negative/pessimistic). Motek�s legal expert correctly points to funds problems with meeting
redemptions and paraphrases J.P. Morgan�s immortal words concerning investing
by saying as is particularly relevant now, It�s not return on investment, but
return of investment (that really counts). Banks hit worldwide by US 'fraud'
�. How are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? Prosecute and throw them in jail and
make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case
.
The previous suckers bear market rally
was/is based on bull s**t alone; namely, now it�s the prospective
bailouts/spending programs with money that does not really exist (print/create
more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase � deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million
jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S 15 GHOSTS OF WALLSTREET/ECONOMIC
PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow
Homes in the United States have
lost trillions of dollars in value during 2008, with nearly 11.7 million
American households now owing more on their mortgage than their homes are
worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street
frauds, the level and percentage of which MUST be examined in light of
computerization and decreased costs attendant to same especially since only AN
EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The
Economy (New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To A (Economically)
"Wasteful Tax" (On The Economy) via 'churn and earn' computerized
programmed trades). �Moreover, the
ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street
frauds� desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, especially since none of the real problems
(hundreds of trillions of fraudulent/worthless securities, etc.) have been
addressed much less solved; hence, virtually all problems remain and there is
but an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc., �so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the
S&P 500 (versus today's frothy 879)�
There is more hurt in store for the U.S.
equity markets. If you are still thinking of riding this one out, consider
Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of
40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S.
would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold To Hit
$2,000, Dow To Sink To 5,000 ��BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get
much worse but full moon manifest on lunatic asylum for the criminally insane
wall street. More banks reveal Madoff exposure
The
�while you can� part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not
limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: �forget the layoffs Coming soon to U.S., 1 million jobs lost every month:
Report �, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget
declining retail sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit
, trade deficits, worthless fraudulent securities, lower
earnings/guidance/outlook, the topic (b.s. talking point) de jour for the
lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts
(not to mention there�s no real money to pay for same � print/create more
worthless Weimar dollars � hyperinflationary � even now despite fake reports
and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was
"basically, a giant Ponzi scheme," which is fraudulent wall street in
a nutshell. Madoff fraud case raises questions about SEC
(AP) and even bigger questions about
fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is
negative/pessimistic). Motek�s legal expert
correctly points to funds problems with meeting redemptions and paraphrases
J.P. Morgan�s immortal words concerning investing by saying as is particularly
relevant now, It�s not return on investment, but return of investment (that
really counts). Banks hit worldwide by US 'fraud'
�. How
are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? Prosecute and throw them in jail and
make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B
Madoff case . The previous suckers bear market rally was/is based on
bull s**t alone; namely, now it�s the prospective bailouts/spending programs
with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus)
does not work when a defacto bankrupt nation becomes more bankrupt to bailout
frauds/perpetrators/creators of the problem and to create make-shift purported
infrastructure jobs to enhance consumption 2) Inherent structural problems,
i.e., trade/budget deficits will continue unabated and in the case of the
latter, substantially increase � deeper hole 3) While spending on
infrastructure is warranted, there is no productive enhancement in economic
terms as in less modern times when, i.e., national highway system, etc.,
enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million
jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008:
Zillow Homes in the United States have lost trillions
of dollars in value during 2008, with nearly 11.7 million American households
now owing more on their mortgage than their homes are worth, real estate
website Zillow.com said on Monday. (Remember: more
contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of
What wall street Does Is A Net Positive For The Economy (New Investment Capital
via, ie., ipo�S), The Rest Is
Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via
'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these
frauds not being prosecuted and forced disgorgement and preposterously getting
taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(12-15-08)� DOW 8,564.53 -65.15 -0.75% No change worth reporting for second week of December -2.3% for the first week of
December -5.8% for the month of November. -15% for the month of October
NASDAQ 1,508.34 -32.38 -2.10% No change worth reporting for second week of December -5.7% for the first week of
December -11% for the month of November. -17% for October� S&P 868.57 -11.16 -1.27% No change worth reporting for second week of
December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $44.51
(RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND
NUTS� $1.79 REG./ $2.38 MID-GRADE/ $2.65
PREM./ $2.35 DIESEL)/ GOLD $836.51/ SILVER $10.65/ PLATINUM $865.51 / DOLLAR=
.73 EURO, 90 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR
NOTE YIELD 2.52% ..���
��AP Business Highlights
������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap �Absolutely, Absurdly, Ridiculous! Only modest losses relative to
reality BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get
much worse but full moon manifest on lunatic asylum for the criminally insane
wall street. More banks reveal Madoff exposure
The
�while you can� part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not
limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: �forget the layoffs Coming soon to U.S., 1 million jobs lost every month:
Report �, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget
declining retail sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit
, trade deficits, worthless fraudulent securities, lower
earnings/guidance/outlook, the topic (b.s. talking point) de jour for the
lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts
(not to mention there�s no real money to pay for same � print/create more
worthless Weimar dollars � hyperinflationary � even now despite fake reports
and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was
"basically, a giant Ponzi scheme," which is fraudulent wall street in
a nutshell. Madoff fraud case raises questions about SEC
(AP) and even bigger questions about
fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is
negative/pessimistic). Motek�s legal expert
correctly points to funds problems with meeting redemptions and paraphrases
J.P. Morgan�s immortal words concerning investing by saying as is particularly
relevant now, It�s not return on investment, but return of investment (that
really counts). Banks hit worldwide by US 'fraud'
�. How
are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? Prosecute and throw them in jail and
make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B
Madoff case . The previous suckers bear market rally was/is based on
bull s**t alone; namely, now it�s the prospective bailouts/spending programs
with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus)
does not work when a defacto bankrupt nation becomes more bankrupt to bailout
frauds/perpetrators/creators of the problem and to create make-shift purported
infrastructure jobs to enhance consumption 2) Inherent structural problems,
i.e., trade/budget deficits will continue unabated and in the case of the
latter, substantially increase � deeper hole 3) While spending on
infrastructure is warranted, there is no productive enhancement in economic
terms as in less modern times when, i.e., national highway system, etc.,
enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million
jobs lost every month: Report ��, �America Has No Means to Recover from a Depression �FARRELL�S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008:
Zillow Homes in the United States have lost trillions
of dollars in value during 2008, with nearly 11.7 million American households
now owing more on their mortgage than their homes are worth, real estate
website Zillow.com said on Monday. (Remember: more
contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of
What wall street Does Is A Net Positive For The Economy (New Investment Capital
via, ie., ipo�S), The Rest Is
Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via
'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these
frauds not being prosecuted and forced disgorgement and preposterously getting
taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(12-12-08)� DOW 8,629.68 +64.59 +0.75% No change worth reporting for second week of December -2.3% for the first week of
December No change worth reporting for second week of December -5.8%
for the month of November. -15% for the month of October
NASDAQ 1,540.72 +32.84 +2.18% -5.7% for the first week of
December -11% for the month of November. -17% for October� S&P 879.73 +6.14 +0.70%- No change worth reporting for second week of
December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $46.28
(RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND
NUTS� $1.79 REG./ $2.38 MID-GRADE/ $2.65
PREM./ $2.35 DIESEL)/ GOLD $822/ SILVER $10.23/ PLATINUM $823 / DOLLAR= .74
EURO, 91 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE
YIELD 2.59% ..���
��AP Business Highlights
������� ����...Yahoo Market Update... ]� YAHOO - BRIEFING.COM Weekly Recap �Absolutely, Absurdly, Ridiculous! BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get
much worse but full moon manifest on lunatic asylum for the criminally insane
wall street. The �while you can� part of sell/take profits manifests and will
worsen Citadel suspends redemptions from two hedge funds Stupidity not
limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report Suckers bearmarket rally on bull s**t alone
with mantra, �forget the
layoffs Coming soon to U.S., 1 million jobs lost every month:
Report �, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget
declining retail sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit
, trade deficits, worthless fraudulent securities, lower
earnings/guidance/outlook, the topic (b.s. talking point) de jour for the
lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts
(not to mention there�s no real money to pay for same � print/create more
worthless Weimar dollars � hyperinflationary � even now despite fake reports
and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was
"basically, a giant Ponzi scheme," which is fraudulent wall street in
a nutshell. Madoff fraud case raises questions about SEC
(AP)�
This �suckers bear market rally is based on bull s**t
alone; namely, now the prospective bailouts/spending programs with money that
does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus)
does not work when a defacto bankrupt nation becomes more bankrupt to bailout
frauds/perpetrators/creators of the problem and to create make-shift purported
infrastructure jobs to enhance consumption 2) Inherent structural problems,
i.e., trade/budget deficits will continue unabated and in the case of the
latter, substantially increase � deeper hole 3) While spending on
infrastructure is warranted, there is no productive enhancement in economic
terms as in less modern times when, i.e., national highway system, etc.,
enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million jobs lost every month:
Report ��, �America Has No Means to Recover from a Depression ��(Remember:
more contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of
What wall street Does Is A Net Positive For The Economy (New Investment Capital
via, ie., ipo�S), The Rest Is
Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via
'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these
frauds not being prosecuted and forced disgorgement and preposterously getting
taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
STILL CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P
500 (versus today's frothy 879)� There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 ��Previous session, modest decline relative to reality
so still great opportunity to sell/take profits since much, much worse to come!
All news decisively bad and much worse than expected with trade deficit
up 1.1%, dollar down, unemployment claims up 573,000 a 26 year high,
28% increase in foreclosures, bailout recipient BofA to cut 35,000 jobs, many
other prospective job cuts announced, economic group changes previous forecast
to worse/long recession,� Bernard Madoff arrested over alleged $50 billion
fraud Madoff told senior employees of his firm on Wednesday that
"it's all just one big lie" and that it was basically, a giant Ponzi
scheme (the fraudulent wall street story in a nutshell) , BANK OF AMERICA to cut 35,000
jobs... ,� ...final could be
higher ,� Shocking but
true claim: Most big banks 'bankrupt'... ,� New unemployment claims surge unexpectedly ��,� Ron
Paul: Printing Money Only Prolongs The Pain Amidst the hand-wringing of the
automaker bailout debate, Ron Paul took the opportunity on the House floor yesterday
to remind Congress that the real culprit behind the financial crisis is the
Federal Reserve, and that allowing the Fed to continue to print money without
audit will only prolong the pain.� ,� US budget deficit to reach USD 1 trillion �,� Jim Rogers calls most big U.S. banks �bankrupt� �Jim Rogers, one of the world�s most prominent
international investors, on Thursday called most of the largest U.S. banks
�totally bankrupt,� and said government efforts to fix the sector are
wrongheaded. CORRECTED
- CORRECTED-(OFFICIAL)-UPDATE - Wells Fargo to take $40 bln Q4 charge
,� German
FM criticises Britain�s �crass Keynesian� policies: report ��and read again previous session, forget the layoffs Coming soon to U.S., 1 million jobs lost every month:
Report �, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget
declining retail sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit
, trade deficits, worthless fraudulent securities, lower
earnings/guidance/outlook, the topic (b.s. talking point) de jour for the
lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts
(not to mention there�s no real money to pay for same � print/create more
worthless Weimar dollars � hyperinflationary � even now despite fake reports
and worse to come) ,� suckers bear market ralley to keep the
suckers sucked in so great opportunity to sell/take profits since much,
much worse to come! �This �suckers bear market rally is based on bull s**t
alone; namely, now the prospective bailouts/spending programs with money that
does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus)
does not work when a defacto bankrupt nation becomes more bankrupt to bailout
frauds/perpetrators/creators of the problem and to create make-shift purported
infrastructure jobs to enhance consumption 2) Inherent structural problems,
i.e., trade/budget deficits will continue unabated and in the case of the
latter, substantially increase � deeper hole 3) While spending on
infrastructure is warranted, there is no productive enhancement in economic
terms as in less modern times when, i.e., national highway system, etc.,
enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million jobs lost every month:
Report ��, �America Has No Means to Recover from a Depression ��(Remember:
more contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of
What wall street Does Is A Net Positive For The Economy (New Investment Capital
via, ie., ipo�S), The Rest Is
Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via
'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these
frauds not being prosecuted and forced disgorgement and preposterously getting
taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all
problems remain and there is but an infinitesimally small fraction of the capital
and resources necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
STILL CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P
500 (versus today's frothy 848)� There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 ��Previous, modest
decline relative to reality so still great time to sell/take profits since
much, much worse to come.� Wall Street stung by risk-aversion and realistically
bleak outlooks� , Point of no return: Interest on T-bills hits zero� ,� Tightening Budgets Mean a Rough Ride for IT� ,� FIRST
TIME: Treasury Bills Trade at Negative Rates... �.� Previous, �suckers bear
market rally based on bull s**t alone; namely, now the prospective
bailouts/spending programs with money that does not really exist (print/create
more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase � deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million jobs lost every month:
Report ��, �America Has No Means to Recover from a Depression ��(Remember:
more contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of
What wall street Does Is A Net Positive For The Economy (New Investment Capital
via, ie., ipo�S), The Rest Is
Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via
'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these
frauds not being prosecuted and forced disgorgement and preposterously getting
taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
CAN SINCE MUCH, MUCH WORSE TO COME!
(12-11-08)� DOW 8,565.09 -196.33 -2.24% -2.3%
for the first week of December -5.8% for the month
of November. -15%
for the month of October NASDAQ 1,507.88� -57.60 �3.6% -5.7% for
the first week of December -11% for the month of
November. -17%
for October�
S&P 873.59 -25.65 -2.7% -1% for the first week of December -7.5% for
the month of November. -18% for October [CLOSE-
OIL $47.98 (RECORD TRADING HIGH $147.27) GAS
$1.65 (reg. gas in LAND OF FRUITS AND NUTS�
$1.79 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.35 DIESEL)/ GOLD $826.600/
SILVER $10.43/ PLATINUM $865 / DOLLAR= .74 EURO, 90 YEN, .66 POUND STERLING,
ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.65% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� Modest decline
relative to reality so still great opportunity to sell/take
profits since much, much worse to come! All news decisively bad and much worse
than expected with trade deficit up 1.1%, dollar
down, unemployment claims up 573,000 a 26 year high, 28% increase in
foreclosures, bailout recipient BofA to cut 35,000 jobs, many other prospective
job cuts announced, economic group changes previous forecast to worse/long
recession,�
Bernard Madoff arrested over alleged $50 billion
fraud Madoff told senior employees of his firm on Wednesday that
"it's all just one big lie" and that it was basically, a giant Ponzi
scheme (the fraudulent wall street story in a nutshell) , BANK OF AMERICA to cut 35,000
jobs... ,� ...final could be
higher ,� Shocking but
true claim: Most big banks 'bankrupt'... ,� New unemployment claims surge unexpectedly ��,� Ron
Paul: Printing Money Only Prolongs The Pain Amidst the hand-wringing of the
automaker bailout debate, Ron Paul took the opportunity on the House floor
yesterday to remind Congress that the real culprit behind the financial crisis
is the Federal Reserve, and that allowing the Fed to continue to print money
without audit will only prolong the pain.�
,� US budget deficit to reach USD 1 trillion �,� Jim Rogers calls most big U.S. banks �bankrupt� �Jim Rogers, one of the world�s most prominent
international investors, on Thursday called most of the largest U.S. banks
�totally bankrupt,� and said government efforts to fix the sector are
wrongheaded. CORRECTED
- CORRECTED-(OFFICIAL)-UPDATE - Wells Fargo to take $40 bln Q4 charge
,� German
FM criticises Britain�s �crass Keynesian� policies: report ��and read again previous session, forget the layoffs Coming soon to U.S., 1 million jobs lost every month:
Report �, forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget
declining retail sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit
, trade deficits, worthless fraudulent securities, lower
earnings/guidance/outlook, the topic (b.s. talking point) de jour for the
lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts
(not to mention there�s no real money to pay for same � print/create more
worthless Weimar dollars � hyperinflationary � even now despite fake reports
and worse to come) ,� suckers bear market ralley to keep the
suckers sucked in so great opportunity to sell/take profits since much, much
worse to come! �This �suckers bear market rally is based on bull s**t
alone; namely, now the prospective bailouts/spending programs with money that
does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus)
does not work when a defacto bankrupt nation becomes more bankrupt to bailout
frauds/perpetrators/creators of the problem and to create make-shift purported
infrastructure jobs to enhance consumption 2) Inherent structural problems,
i.e., trade/budget deficits will continue unabated and in the case of the
latter, substantially increase � deeper hole 3) While spending on
infrastructure is warranted, there is no productive enhancement in economic
terms as in less modern times when, i.e., national highway system, etc.,
enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million jobs lost every month:
Report ��, �America Has No Means to Recover from a Depression ��(Remember:
more contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of
What wall street Does Is A Net Positive For The Economy (New Investment Capital
via, ie., ipo�S), The Rest Is
Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via
'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these
frauds not being prosecuted and forced disgorgement and preposterously getting
taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(12-10-08)� DOW 8,934.18 +70 +.7% -2.3% for the first week of December -5.8%
for the month of November. -15% for the month
of October NASDAQ 1,571.74 +18 +1.0% -5.7% for the first week of December -11%
for the month of November. -17% for October� S&P 909.70 +10 +1.0% -1%
for the first week of December -7.5% for the month of November. -18%
for October [CLOSE-
OIL $43.53 (RECORD
TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $1.79 REG./ $2.38 MID-GRADE/ $2.65 PREM./
$2.35 DIESEL)/ GOLD $808.80/ SILVER $10.20/ PLATINUM $840 / DOLLAR= .76 EURO,
92 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
2.69% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]� Absolutely,
Absurdly, Ridiculous! Forget
the layoffs Coming soon to U.S., 1 million jobs lost every month:
Report �, forget the
foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget
declining retail sales Retail
sales post big drop in November� , �forget the $1 trillion record budget deficit
, trade deficits, worthless fraudulent securities, lower
earnings/guidance/outlook, the topic (b.s. talking point) de jour for the
lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts
(not to mention there�s no real money to pay for same � print/create more
worthless Weimar dollars � hyperinflationary � even now despite fake reports
and worse to come) ,� suckers bear market ralley to keep the suckers sucked in so great opportunity to sell/take profits since much, much worse to come! �This �suckers bear market rally is based on bull s**t
alone; namely, now the prospective bailouts/spending programs with money that
does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus)
does not work when a defacto bankrupt nation becomes more bankrupt to bailout
frauds/perpetrators/creators of the problem and to create make-shift purported
infrastructure jobs to enhance consumption 2) Inherent structural problems,
i.e., trade/budget deficits will continue unabated and in the case of the
latter, substantially increase � deeper hole 3) While spending on
infrastructure is warranted, there is no productive enhancement in economic
terms as in less modern times when, i.e., national highway system, etc.,
enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million jobs lost every month:
Report ��, �America Has No Means to Recover from a Depression ��(Remember:
more contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of
What wall street Does Is A Net Positive For The Economy (New Investment Capital
via, ie., ipo�S), The Rest Is
Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via
'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these
frauds not being prosecuted and forced disgorgement and preposterously getting
taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
STILL CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P
500 (versus today's frothy 848)� There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 ��Previous, modest
decline relative to reality so still great time to sell/take profits since
much, much worse to come.� Wall Street stung by risk-aversion and realistically
bleak outlooks� , Point of no return: Interest on T-bills hits zero� ,� Tightening Budgets Mean a Rough Ride for IT� ,� FIRST
TIME: Treasury Bills Trade at Negative Rates... �.� Previous, �suckers bear
market rally based on bull s**t alone; namely, now the prospective
bailouts/spending programs with money that does not really exist (print/create
more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase � deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national highway
system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million jobs lost every month:
Report ��, �America Has No Means to Recover from a Depression ��(Remember:
more contrived wasteful commissions to the wall street frauds, the level and percentage
of which MUST be examined in light of computerization and decreased costs
attendant to same especially since only AN EXTREMELY Small Fraction Of What
wall street Does Is A Net Positive For The Economy (New Investment Capital via,
ie., ipo�S), The Rest Is Tantamount To A
(Economically) "Wasteful Tax" (On The Economy) via 'churn and earn'
computerized programmed trades). �Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these
frauds not being prosecuted and forced disgorgement and preposterously getting
taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
CAN SINCE MUCH, MUCH WORSE TO COME!
(12-09-08)� DOW 8,691.33
-242.85 -2.72% -2.3% for the
first week of December -5.8% for the month of November. -15%
for the month of October
NASDAQ 1,547.34 -24.40 -1.55% -5.7% for the first week of December -11%
for the month of November. -17% for October� S&P 888.67
-21.03 -2.31% -1% for the first
week of December -7.5% for the month of November. -18%
for October [CLOSE-
OIL $42.25 (RECORD
TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS� $1.79 REG./ $2.38 MID-GRADE/ $2.65 PREM./
$2.35 DIESEL)/ GOLD $776/ SILVER $9.88/ PLATINUM $826 / DOLLAR= .77 EURO, 92
YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
2.65% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ] Modest decline relative to
reality so still great time to sell/take profits since much, much worse to
come.� Wall Street stung by risk-aversion and realistically
bleak outlooks� , Point of no return: Interest on T-bills hits zero� ,� Tightening Budgets Mean a Rough Ride for IT� ,� FIRST
TIME: Treasury Bills Trade at Negative Rates... �.� Previous, �suckers bear
market rally based on bull s**t alone; namely, now the prospective
bailouts/spending programs with money that does not really exist (print/create
more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastucture jobs to enhance consumption 2)
Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase � deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity.� US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million jobs lost every month:
Report ��, �America Has No Means to Recover from a Depression ��(Remember:
more contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of
What wall street Does Is A Net Positive For The Economy (New Investment Capital
via, ie., ipo�S), The Rest Is
Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via
'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these
frauds not being prosecuted and forced disgorgement and preposterously getting
taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P
500 (versus today's frothy 848)� There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 ��
Previous suckers� bear
market rally on far worse than expected and particularly significant bad news
provides great opportunity to sell/take profits, especially considering
fraudulent wall street�s previous modus operandi to keep suckers sucked into
this market and their commission dollars flowing, suckers� rallies into the
close, reassuring rallies prior to weekends as this despite unexpectedly bad
news as today, etc., which frauds perpetrated the yet unprosecuted crimes that
have created this current financial debacle. Record 1.33 homes in foreclosure,15 year high for unemployment at 6.7% even
as many no longer looking with things so depressed and worse to come in �09,
record level deficits both trade and particularly budget with money not there
being spent with abandon (worthless Weimar dollars being printed created like
mad which is and will continue to be hyperinflationary regardless of the
current fake reports). Motek has actor/speculator/entertainer/sometimes
economist Ben Stein points to loans in foreclosure hitting new records, paulson
misconduct, lack of oversight/accontability in bailout funds, and the
seriousness of the crisis, but his pointed barbs seem fleeting and is most
memorable by his somewhat blind adherence to policy as indicated by his criticism of Peter Shiff for warning of this
debacle years ago. Motek�s oil analyst says economy so bad that oil demand
down, significant recession in 2009, and hedge funds liquidating positions
putting pressure on oil prices. Finally, Motek elicits from Peter Shiff that
jobs created are being destroyed as fast, phony jobs, bear market and
government making worse by digging deeper hole, phony (worthless Weimar) dollar
rally provides opportunity to get out with hyperinflation to come. GREAT OPPORTUNITY
TO SELL INTO THIS SUCKERS� BEAR MARKET RALLY/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.� 3 Tell Tale Signs Of This Sucker Rally �, Half-million jobs vanish as economy deteriorates (AP)� , Job losses worst since 1974� Employers cut 533K jobs in Nov., most in 34 years ��, �Late mortgage payments and foreclosures hit record� ,� 1 in 10 homeowners
behind on mortgage payments, or in foreclosure...�� ,� Wall St financiers party like
there's no tomorrow -- literally�
WHERE ARE
THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? It�s been wall street frauds� nirvana (commissioning a huge
decline then a huge incline) at just a program loop, button push, mouse click
away. Previous session,
modest declines relative to reality SO STILL GREAT OPPORTUNITY TO SELL
INTO SUCKERS� BEAR MARKET RALLIES/STRENGTH/TAKE PROFITS
WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. CELENTE OF trendsresearch.com,
having predicted the Panic of 2008 now preparing current prognostications for
2009 which will bear the consequential follow-up title to the Panic of 2008;
namely, The Collapse of 2009, further stating there�s nothing they�ve done or
prospectively can do to avoid the complete economic/financial collapse in the
u.s., the seeds for which have already been sown, good money after bad
notwithstanding, the die having been cast. All
business/financial/economic news decisively bad; 26 year high for jobless
rolls, orders to factories down sharply, job cuts current and prospective up
sharply. Motek expert comments on auto bailout saying no new
concesions with UAW cuts merely cosmetic, just down payment on failed business
model/scenario, bankruptcy necessary as costs too high, and on economy says
nation to go deeper into recession owing to intactable structural problems;
i.e., deficits, etc.. Another Motek
expert says very negative economic environment, sees deepening of more
prolonged recession, discusses risk tolerance in such an environment
recommending highest quality debt instruments but does note risk premium in
lesser quality instruments. Food stamp use up 17% to 1 in 10 citizens, bankruptcies soaring, and
re-default rates on mortgages rising. Employers
shedding jobs as recession deepens , AP
IMPACT: Some bailout holdings down $9 billion , Governments
brace for long crisis ahead , High
inventory is killing home builders; industry asks for help , It's
Not a Great Time to Get Into Stocks �, Long
Term Investors Should Avoid Leveraged ETFs �, Fixing
the Enron Economy �, US
FEDERAL RESERVE to buy US DEBT? WITH WHAT? ,� Prepare For
Depression Level Unemployment �,� Record
number of Americans using food stamps: report �,� Whether
We End Up Paying For It Through Taxes Or Hyperinflation, It Will Still Come Out
Of Our Pockets �,�� Corporate
Debt Protection Costs Climb Amid Depression Concern �,� Shoppers ready to
call it quits MarketWatch | More than one-third of
consumers chose not to shop at all last month, except on Black Friday,
according to Britt Beemer of America�s Research Group. Lawsuit
claims Citigroup was running a �quasi-Ponzi scheme� �Bloomberg | Citigroup Inc., the
second-biggest U.S. bank by assets, was accused in a lawsuit of repackaging
unmarketable collateralized debt obligations it held and re-selling them to
itself in order to hide its exposure to the securities. WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? Previously,
suckers� bear market rally into the close on bad news with wall street frauds�
nirvana (commissioning a huge decline then a huge incline) at just a program
loop, button push, mouse click away. Indeed,
all news still realistically and decisively (and some deceptively otherwise
spun to keep suckers suckered) bad:� A
Bleak Outlook: Nov. Job Loss at�
250,000, Economic Weakness ��,� US, China
currency clash over worthless american currency... ,� 61%
oppose auto bailout ��, Meredith Whitney Sees Plenty of Pain Ahead for Consumers
(at BusinessWeek)�
,� Desperate
Times, Desperate Policies ) . One non-Motek expert says these suckers� bear
market rallies on bad news are at best wishful thinking and not sustainable
along with realistically dire outlook. Motek expert
says market for speculators/traders and points to volatility index while
failing to point out that there are very, very few successful traders. [Close inspection of the data in past times far better than
now (now we see insurmountable trade/budget deficits, lack of manufacturing
base, global antipathy, etc.) disavows such heavily promoted failed strategies
as dollar-cost averaging where stocks prices remain artificially (now
fraudulently) high for far longer periods of time than lower prices (MBA
Thesis, Albert L. Peia, NYU GBA, 1977), limited exceptions being ie., dollar-cost
averaging in declining markets, but only when analysis indicates
under-valuation in prospective terms which is certainly isn�t the case now of
rampant over-valuation/fraud]. (Remember:
more contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of
What wall street Does Is A Net Positive For The Economy (New Investment Capital
via, ie., ipo�S), The Rest Is Tantamount To A (Economically)
"Wasteful Tax" (On The Economy) via 'churn and earn' computerized
programmed trades). �Moreover,
the ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How
are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
CAN SINCE MUCH, MUCH WORSE TO COME!
(12-08-08)� DOW 8,934.18 +298.76 +3.46% -2.3% for the first
week of December -5.8% for the month of November. -15% for the month of October NASDAQ ,571.74 +62.43 +4.14% -5.7% for the first week of December -11%
for the month of November. -17% for October� S&P 909.70 +33.83 +3.3% -1% for the first week of December -7.5%
for the month of November. -18% for October [CLOSE- OIL $40.80
(RECORD TRADING HIGH $147.27) GAS $1.58 (reg. gas in LAND OF FRUITS AND
NUTS� $1.79 REG./ $2.38 MID-GRADE/ $2.65
PREM./ $2.35 DIESEL)/ GOLD $767.30/ SILVER $9.97/ PLATINUM $838 / DOLLAR= .77
EURO, 92 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE
YIELD 2.79% ..��� ��AP Business Highlights ������� ����...Yahoo
Market Update... ] Absolutely, Absurdly, Ridiculous! This is a suckers
bear market rally based on bull s**t alone; namely, now the prospective
bailouts/spending programs with money that does not really exist (print/create
more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastucture jobs to enhance consumption 2)
Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase � deeper hole 3)
While spending on infrastructure is warranted, there is no productive enhancement
in economic terms as in less modern times when, i.e., national highway system,
etc., enhanced GDP growth and productivity.�
US Depression Likely -The Truth Is Here ,� Coming soon to U.S., 1 million jobs lost every month:
Report ��, �America Has No Means to Recover from a Depression ��(Remember: more
contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of
What wall street Does Is A Net Positive For The Economy (New Investment Capital
via, ie., ipo�S), The Rest Is
Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via
'churn and earn' computerized programmed trades). �Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these
frauds not being prosecuted and forced disgorgement and preposterously getting
taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P
500 (versus today's frothy 848)� There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 ��
Previous suckers� bear
market rally on far worse than expected and particularly significant bad news
provides great opportunity to sell/take profits, especially considering
fraudulent wall street�s previous modus operandi to keep suckers sucked into
this market and their commission dollars flowing, suckers� rallies into the
close, reassuring rallies prior to weekends as this despite unexpectedly bad news
as today, etc., which frauds perpetrated the yet unprosecuted crimes that have
created this current financial debacle. Record 1.33 homes in foreclosure,15 year high for unemployment at 6.7% even
as many no longer looking with things so depressed and worse to come in �09,
record level deficits both trade and particularly budget with money not there
being spent with abandon (worthless Weimar dollars being printed created like
mad which is and will continue to be hyperinflationary regardless of the
current fake reports). Motek has actor/speculator/entertainer/sometimes
economist Ben Stein points to loans in foreclosure hitting new records, paulson
misconduct, lack of oversight/accontability in bailout funds, and the
seriousness of the crisis, but his pointed barbs seem fleeting and is most
memorable by his somewhat blind adherence to policy as indicated by his criticism of Peter Shiff for warning of this
debacle years ago. Motek�s oil analyst says economy so bad that oil demand
down, significant recession in 2009, and hedge funds liquidating positions
putting pressure on oil prices. Finally, Motek elicits from Peter Shiff that
jobs created are being destroyed as fast, phony jobs, bear market and
government making worse by digging deeper hole, phony (worthless Weimar) dollar
rally provides opportunity to get out with hyperinflation to come. GREAT OPPORTUNITY
TO SELL INTO THIS SUCKERS� BEAR MARKET RALLY/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.� 3 Tell Tale Signs Of This Sucker Rally �, Half-million jobs vanish as economy deteriorates (AP)� , Job losses worst since 1974� Employers cut 533K jobs in Nov., most in 34 years ��, �Late mortgage payments and foreclosures hit record� ,� 1 in 10 homeowners
behind on mortgage payments, or in foreclosure...�� ,� Wall St financiers party like
there's no tomorrow -- literally�
WHERE ARE
THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? It�s been wall street frauds� nirvana (commissioning a huge decline
then a huge incline) at just a program loop, button push, mouse click away. Previous session, modest declines relative to
reality SO STILL GREAT OPPORTUNITY TO SELL INTO SUCKERS� BEAR MARKET
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
CAN SINCE MUCH, MUCH WORSE TO COME. CELENTE OF trendsresearch.com, having
predicted the Panic of 2008 now preparing current prognostications for 2009
which will bear the consequential follow-up title to the Panic of 2008; namely,
The Collapse of 2009, further stating there�s nothing they�ve done or
prospectively can do to avoid the complete economic/financial collapse in the
u.s., the seeds for which have already been sown, good money after bad
notwithstanding, the die having been cast. All
business/financial/economic news decisively bad; 26 year high for jobless
rolls, orders to factories down sharply, job cuts current and prospective up
sharply. Motek expert comments on auto bailout saying no new
concesions with UAW cuts merely cosmetic, just down payment on failed business
model/scenario, bankruptcy necessary as costs too high, and on economy says
nation to go deeper into recession owing to intactable structural problems;
i.e., deficits, etc.. Another Motek
expert says very negative economic environment, sees deepening of more
prolonged recession, discusses risk tolerance in such an environment
recommending highest quality debt instruments but does note risk premium in
lesser quality instruments. Food stamp use up 17% to 1 in 10 citizens, bankruptcies soaring, and
re-default rates on mortgages rising. Employers
shedding jobs as recession deepens , AP
IMPACT: Some bailout holdings down $9 billion , Governments
brace for long crisis ahead , High
inventory is killing home builders; industry asks for help , It's
Not a Great Time to Get Into Stocks �, Long
Term Investors Should Avoid Leveraged ETFs �, Fixing
the Enron Economy �, US
FEDERAL RESERVE to buy US DEBT? WITH WHAT? ,� Prepare For
Depression Level Unemployment �,� Record
number of Americans using food stamps: report �,� Whether
We End Up Paying For It Through Taxes Or Hyperinflation, It Will Still Come Out
Of Our Pockets �,�� Corporate
Debt Protection Costs Climb Amid Depression Concern �,� Shoppers ready to
call it quits MarketWatch | More than one-third of
consumers chose not to shop at all last month, except on Black Friday,
according to Britt Beemer of America�s Research Group. Lawsuit
claims Citigroup was running a �quasi-Ponzi scheme� �Bloomberg | Citigroup Inc., the
second-biggest U.S. bank by assets, was accused in a lawsuit of repackaging
unmarketable collateralized debt obligations it held and re-selling them to
itself in order to hide its exposure to the securities. WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? Previously,
suckers� bear market rally into the close on bad news with wall street
frauds� nirvana (commissioning a huge decline then a huge incline) at just a
program loop, button push, mouse click away. Indeed, all news still realistically and decisively
(and some deceptively otherwise spun to keep suckers suckered) bad:� A
Bleak Outlook: Nov. Job Loss at�
250,000, Economic Weakness ��,� US, China
currency clash over worthless american currency... ,� 61%
oppose auto bailout ��, Meredith Whitney Sees Plenty of Pain Ahead for Consumers
(at BusinessWeek)�
,� Desperate
Times, Desperate Policies ) . One non-Motek expert says these suckers� bear
market rallies on bad news are at best wishful thinking and not sustainable
along with realistically dire outlook. Motek expert
says market for speculators/traders and points to volatility index while
failing to point out that there are very, very few successful traders. [Close inspection of the data in past times far better than
now (now we see insurmountable trade/budget deficits, lack of manufacturing
base, global antipathy, etc.) disavows such heavily promoted failed strategies
as dollar-cost averaging where stocks prices remain artificially (now
fraudulently) high for far longer periods of time than lower prices (MBA
Thesis, Albert L. Peia, NYU GBA, 1977), limited exceptions being ie.,
dollar-cost averaging in declining markets, but only when analysis indicates
under-valuation in prospective terms which is certainly isn�t the case now of
rampant over-valuation/fraud]. (Remember:
more contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of What
wall street Does Is A Net Positive For The Economy (New Investment Capital via,
ie., ipo�S), The Rest Is Tantamount To A (Economically)
"Wasteful Tax" (On The Economy) via 'churn and earn' computerized
programmed trades). �Moreover,
the ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How
are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
CAN SINCE MUCH, MUCH WORSE TO COME.
(12-05-08)� DOW 8,625 +258 -2.65% -2.3%
for the first week of December -5.8% for the
month of November. -15% for the month
of October NASDAQ 1,508 +63 +3.5%
-5.7% for the first week of December -11%
for the month of November. -17% for October� S&P 875 +30 +3.8% -1% for the first week of December -7.5%
for the month of November. -18% for October [CLOSE- OIL $40.80
(RECORD TRADING HIGH $147.27) GAS $1.58 (reg. gas in LAND OF FRUITS AND
NUTS� $1.79 REG./ $2.38 MID-GRADE/ $2.65
PREM./ $2.35 DIESEL)/ GOLD $765.51/ SILVER $9.53/ PLATINUM $798.80 / DOLLAR=
.79 EURO, 92 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR
NOTE YIELD 3.71% ..��� ��AP Business Highlights ������� ����...Yahoo
Market Update... ] Absolutely, Absurdly, Ridiculous! This suckers� bear market rally on far worse
than expected and particularly significant bad news provides great opportunity
to sell/take profits, especially considering fraudulent wall street�s previous
modus operandi to keep suckers sucked into this market and their commission
dollars flowing, suckers� rallies into the close, reassuring rallies prior to
weekends as this despite unexpectedly bad news as today, etc., which frauds
perpetrated the yet unprosecuted crimes that have created this current
financial debacle. Record 1.33
homes in foreclosure,15 year high for unemployment at 6.7% even as many no
longer looking with things so depressed and worse to come in �09, record level
deficits both trade and particularly budget with money not there being spent
with abandon (worthless Weimar dollars being printed created like mad which is
and will continue to be hyperinflationary regardless of the current fake
reports). Motek has actor/speculator/entertainer/sometimes economist Ben Stein
points to loans in foreclosure hitting new records, paulson misconduct, lack of
oversight/accontability in bailout funds, and the seriousness of the crisis,
but his pointed barbs seem fleeting and is most memorable by his somewhat blind
adherence to policy as indicated by his criticism
of Peter Shiff for warning of this debacle years ago. Motek�s oil analyst
says economy so bad that oil demand down, significant recession in 2009, and
hedge funds liquidating positions putting pressure on oil prices. Finally,
Motek elicits from Peter Shiff that jobs created are being destroyed as fast,
phony jobs, bear market and government making worse by digging deeper hole,
phony (worthless Weimar) dollar rally provides opportunity to get out with
hyperinflation to come. GREAT OPPORTUNITY TO SELL INTO THIS
SUCKERS� BEAR MARKET RALLY/STRENGTH/TAKE PROFITS
WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.� 3 Tell Tale Signs Of This Sucker Rally �, Half-million jobs vanish as economy deteriorates (AP)� , Job losses worst since 1974� Employers cut 533K jobs in Nov., most in 34 years ��, �Late mortgage payments and foreclosures hit record� ,� 1 in 10 homeowners
behind on mortgage payments, or in foreclosure...�� ,� Wall St financiers party like
there's no tomorrow -- literally�
WHERE ARE
THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? It�s been wall street frauds� nirvana (commissioning a huge
decline then a huge incline) at just a program loop, button push, mouse click
away. Previous session,
modest declines relative to reality SO STILL GREAT OPPORTUNITY TO SELL
INTO SUCKERS� BEAR MARKET RALLIES/STRENGTH/TAKE PROFITS
WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. CELENTE OF trendsresearch.com,
having predicted the Panic of 2008 now preparing current prognostications for
2009 which will bear the consequential follow-up title to the Panic of 2008;
namely, The Collapse of 2009, further stating there�s nothing they�ve done or
prospectively can do to avoid the complete economic/financial collapse in the
u.s., the seeds for which have already been sown, good money after bad
notwithstanding, the die having been cast. All
business/financial/economic news decisively bad; 26 year high for jobless rolls,
orders to factories down sharply, job cuts current and prospective up sharply. Motek expert
comments on auto bailout saying no new concesions with UAW cuts merely
cosmetic, just down payment on failed business model/scenario, bankruptcy
necessary as costs too high, and on economy says nation to go deeper into
recession owing to intactable structural problems; i.e., deficits, etc.. Another Motek expert says very negative economic
environment, sees deepening of more prolonged recession, discusses risk tolerance
in such an environment recommending highest quality debt instruments but does
note risk premium in lesser quality instruments. Food stamp use up 17% to 1 in 10 citizens,
bankruptcies soaring, and re-default rates on mortgages rising. Employers
shedding jobs as recession deepens , AP
IMPACT: Some bailout holdings down $9 billion , Governments
brace for long crisis ahead , High
inventory is killing home builders; industry asks for help , It's
Not a Great Time to Get Into Stocks �, Long
Term Investors Should Avoid Leveraged ETFs �, Fixing
the Enron Economy �, US
FEDERAL RESERVE to buy US DEBT? WITH WHAT? ,� Prepare For
Depression Level Unemployment �,� Record
number of Americans using food stamps: report �,� Whether
We End Up Paying For It Through Taxes Or Hyperinflation, It Will Still Come Out
Of Our Pockets �,�� Corporate
Debt Protection Costs Climb Amid Depression Concern �,� Shoppers ready to
call it quits MarketWatch | More than one-third of
consumers chose not to shop at all last month, except on Black Friday,
according to Britt Beemer of America�s Research Group. Lawsuit
claims Citigroup was running a �quasi-Ponzi scheme� �Bloomberg | Citigroup Inc., the
second-biggest U.S. bank by assets, was accused in a lawsuit of repackaging
unmarketable collateralized debt obligations it held and re-selling them to
itself in order to hide its exposure to the securities. WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? Previously,
suckers� bear market rally into the close on bad news with wall street
frauds� nirvana (commissioning a huge decline then a huge incline) at just a
program loop, button push, mouse click away. Indeed, all news still realistically and decisively
(and some deceptively otherwise spun to keep suckers suckered) bad:� A
Bleak Outlook: Nov. Job Loss at�
250,000, Economic Weakness ��,� US, China
currency clash over worthless american currency... ,� 61%
oppose auto bailout ��, Meredith Whitney Sees Plenty of Pain Ahead for Consumers
(at BusinessWeek)�
,� Desperate
Times, Desperate Policies ) . One non-Motek expert says these suckers� bear
market rallies on bad news are at best wishful thinking and not sustainable
along with realistically dire outlook. Motek expert
says market for speculators/traders and points to volatility index while
failing to point out that there are very, very few successful traders. [Close inspection of the data in past times far better than
now (now we see insurmountable trade/budget deficits, lack of manufacturing
base, global antipathy, etc.) disavows such heavily promoted failed strategies
as dollar-cost averaging where stocks prices remain artificially (now
fraudulently) high for far longer periods of time than lower prices (MBA
Thesis, Albert L. Peia, NYU GBA, 1977), limited exceptions being ie.,
dollar-cost averaging in declining markets, but only when analysis indicates
under-valuation in prospective terms which is certainly isn�t the case now of
rampant over-valuation/fraud]. (Remember:
more contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of
What wall street Does Is A Net Positive For The Economy (New Investment Capital
via, ie., ipo�S), The Rest Is Tantamount To A (Economically)
"Wasteful Tax" (On The Economy) via 'churn and earn' computerized
programmed trades). �Moreover,
the ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How
are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P
500 (versus today's frothy 848)� There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 �
(12-04-08)� DOW 8,376.24 -215.45 -2.51% -5.8%
for the month of November. -15% for the month
of October NASDAQ 1,445.56 -46.82 �3.1% -11% for the month of November. -17% for October� S&P 845.22 �25.52 �2.9% -7.5% for the month of November. -18% for October
[CLOSE- OIL $43.67 (RECORD TRADING
HIGH $147.27) GAS $1.79 (reg. gas in LAND OF FRUITS AND NUTS� $1.93 REG./ $2.38 MID-GRADE/ $2.65 PREM./
$2.35 DIESEL)/ GOLD $765.51/ SILVER $9.53/ PLATINUM $798.80 / DOLLAR= .79 EURO,
92 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
2.55% ..��� ��AP Business Highlights ������� ����...Yahoo Market
Update... ] Modest
declines relative to reality SO STILL GREAT OPPORTUNITY TO SELL INTO SUCKERS�
BEAR MARKET RALLIES/STRENGTH/TAKE PROFITS
WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. CELENTE OF trendsresearch.com,
having predicted the Panic of 2008 now preparing current prognostications for
2009 which will bear the consequential follow-up title to the Panic of 2008;
namely, The Collapse of 2009, further stating there�s nothing they�ve done or
prospectively can do to avoid the complete economic/financial collapse in the
u.s., the seeds for which have already been sown, good money after bad notwithstanding,
the die having been cast. All
business/financial/economic news decisively bad; 26 year high for jobless
rolls, orders to factories down sharply, job cuts current and prospective up
sharply. Motek expert comments on auto bailout saying no new concesions
with UAW cuts merely cosmetic, just down payment on failed business
model/scenario, bankruptcy necessary as costs too high, and on economy says
nation to go deeper into recession owing to intactable structural problems;
i.e., deficits, etc.. Another Motek
expert says very negative economic environment, sees deepening of more
prolonged recession, discusses risk tolerance in such an environment
recommending highest quality debt instruments but does note risk premium in
lesser quality instruments. Food stamp use up 17% to 1 in 10 citizens, bankruptcies soaring, and
re-default rates on mortgages rising. Employers
shedding jobs as recession deepens , AP
IMPACT: Some bailout holdings down $9 billion , Governments
brace for long crisis ahead , High
inventory is killing home builders; industry asks for help , It's
Not a Great Time to Get Into Stocks �, Long
Term Investors Should Avoid Leveraged ETFs �, Fixing
the Enron Economy �, US
FEDERAL RESERVE to buy US DEBT? WITH WHAT? ,� Prepare For
Depression Level Unemployment �,� Record
number of Americans using food stamps: report �,� Whether
We End Up Paying For It Through Taxes Or Hyperinflation, It Will Still Come Out
Of Our Pockets �,�� Corporate
Debt Protection Costs Climb Amid Depression Concern �,� Shoppers ready to
call it quits MarketWatch | More than one-third of
consumers chose not to shop at all last month, except on Black Friday,
according to Britt Beemer of America�s Research Group. Lawsuit
claims Citigroup was running a �quasi-Ponzi scheme� �Bloomberg | Citigroup Inc., the
second-biggest U.S. bank by assets, was accused in a lawsuit of repackaging
unmarketable collateralized debt obligations it held and re-selling them to
itself in order to hide its exposure to the securities. WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? Previously,
suckers� bear market rally into the close on bad news with wall street
frauds� nirvana (commissioning a huge decline then a huge incline) at just a
program loop, button push, mouse click away. Indeed, all news still realistically and decisively
(and some deceptively otherwise spun to keep suckers suckered) bad:� A
Bleak Outlook: Nov. Job Loss at�
250,000, Economic Weakness ��,� US, China
currency clash over worthless american currency... ,� 61%
oppose auto bailout ��, Meredith Whitney Sees Plenty of Pain Ahead for Consumers
(at BusinessWeek)�
,� Desperate
Times, Desperate Policies ) . One non-Motek expert says these suckers� bear
market rallies on bad news are at best wishful thinking and not sustainable
along with realistically dire outlook. Motek expert
says market for speculators/traders and points to volatility index while
failing to point out that there are very, very few successful traders. [Close inspection of the data in past times far better than
now (now we see insurmountable trade/budget deficits, lack of manufacturing
base, global antipathy, etc.) disavows such heavily promoted failed strategies
as dollar-cost averaging where stocks prices remain artificially (now
fraudulently) high for far longer periods of time than lower prices (MBA
Thesis, Albert L. Peia, NYU GBA, 1977), limited exceptions being ie.,
dollar-cost averaging in declining markets, but only when analysis indicates
under-valuation in prospective terms which is certainly isn�t the case now of
rampant over-valuation/fraud]. (Remember:
more contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of
What wall street Does Is A Net Positive For The Economy (New Investment Capital
via, ie., ipo�S), The Rest Is Tantamount To A (Economically)
"Wasteful Tax" (On The Economy) via 'churn and earn' computerized
programmed trades). �Moreover,
the ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How
are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P
500 (versus today's frothy 848)� There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 �, Auditors Fault Oversight of
Bailout Funds...
(12-03-08)� DOW 8,591.69 +172.60 +2% -5.8% for the
month of November. -15% for the month
of October NASDAQ 1,492.38 +42.58 +2.8% -11%
for the month of November. -17% for October� S&P 870.74 +21.93 +2% 848.81 +32.60 +3.99% -7.5% for the month of November. -18%
for October [CLOSE-
OIL $46.79 (RECORD
TRADING HIGH $147.27) GAS $1.95 (reg. gas in LAND OF FRUITS AND NUTS� $2.03 REG./ $2.65 MID-GRADE/ $2.95 PREM./
$2.58 DIESEL)/ GOLD $770.51/ SILVER $9.58/ PLATINUM $795 / DOLLAR= .79 EURO, 92
YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
2.65% ..��� ��AP Business Highlights ������� ����...Yahoo Market
Update... ] Absolutely,
Absurdly, Ridiculous! �Again, suckers� bear market rally into the
close on bad news with wall street frauds� nirvana (commissioning a huge
decline then a huge incline) at just a program loop, button push, mouse click
away. Indeed, all news
still realistically and decisively (and some deceptively otherwise spun to keep
suckers suckered) bad:� A
Bleak Outlook: Nov. Job Loss at�
250,000, Economic Weakness ��,� US, China
currency clash over worthless american currency... ,� 61%
oppose auto bailout ��, Meredith Whitney Sees Plenty of Pain Ahead for Consumers
(at BusinessWeek)�
,� Desperate
Times, Desperate Policies ) . One non-Motek expert says these suckers� bear
market rallies on bad news are at best wishful thinking and not sustainable
with realistically dire outlook. Motek expert says
market for speculators/traders and points to volatility index while failing to
point out that there are very, very few successful traders. [Close inspection of the data in past times far better than
now (now we see insurmountable trade/budget deficits, lack of manufacturing base,
global antipathy, etc.) disavows such heavily promoted failed strategies as
dollar-cost averaging where stocks prices remain artificially (now
fraudulently) high for far longer periods of time than lower prices (MBA
Thesis, Albert L. Peia, NYU GBA, 1977), limited exceptions being ie.,
dollar-cost averaging in declining markets, but only when analysis indicates
under-valuation in prospective terms which is certainly isn�t the case now of
rampant over-valuation/fraud]. (Remember:
more contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of
What wall street Does Is A Net Positive For The Economy (New Investment Capital
via, ie., ipo�S), The Rest Is Tantamount To A (Economically)
"Wasteful Tax" (On The Economy) via 'churn and earn' computerized
programmed trades). �Moreover,
the ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How
are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P
500 (versus today's frothy 848)� There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 �, Auditors Fault Oversight of
Bailout Funds... Previous suckers� bear market rally in the last minutes of the close on bad
news with wall street frauds� nirvana (commissioning a huge decline then a huge
incline) at just a program loop, button push, mouse click away. Indeed, all news still realistically and decisively
(and some deceptively otherwise spun to keep suckers suckered) bad: GE lowers
guidance but maintains dividend ,� November US auto sales drop to 26-year low� , Data signal deep global downturn �Financial Times , US manufacturing hits 26-year low: ISM . How
are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P
500 (versus today's frothy 848)� There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 �, Auditors Fault Oversight of
Bailout Funds... , Governors to Seek Up to $100B
in Social Aid...� ,
Feds to expand rescue;
reviewing applications from 'hundreds of banks'...
FDIC head: Gov't plan needs
'exit strategy'...� , �Metal prices fall further
than during Great Depression... �, they�re printing and spending worthless Weimar dollars and
taxpayer funds like mad because they are mad as in crazy, incompetent, etc.. Previous
session sees modest drop relative to reality [SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME], particularly
when you factor in the reality that the prior 5 day rally of 1,300 points into
the last trading week of the month (much like the end of the prior month) based
on bull s**t alone was a typical fraudulent wall street programmed trade fraud
to window dress the monthly numbers and keep suckers sucked in (and besides,
they�ll get their commissions again on the way down). Upon the formal
announcement that we�ve been in recession since DECEMBER, 2007 I was waiting
for Amy Poehler of SNL Weekend Update to say, �REALLY!� [this site has
reported/predicted this (these) debacle (s) for far longer and in advance of
same, including this recession/depression]. The protracted reluctance (election
year expedience) for some to use the R(ecession) word, spun in the most
positive way is to say it is because this scenario is far worse than even would
befit the D(epression) word in light of the fact that the u.s. like never
before in its relatively short history is broke in every way. If you�ve been
suckered, it�s not all your fault inasmuch as the enablers (politicians,
economists, financial experts, news/media, etc., in receipt of substantial
largesse from and) of these vegetable garden (poison ivy league schools, these
�elite� clubs/frats, etc.) products (vegetables
who not only have never done anything requiring skills or measurable results,
but merely are master bull s**t artists and as in the case of wall street,
criminal frauds) are similarly incompetent, corrupt/venal. After all, how are these frauds not being prosecuted
and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
and hence, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc.. Motek�s expert cites retail liquidation
prices (none to minimal profits, at best), inevitable GM bankruptcy, fed
programs done with money out the door to little or no effect and now talking
new programs�riiiiight�or, with rate at 1%, more rate cuts�riiiiight, big
shake-out to come, credit-card co�s to pull back $2 trillion to survive what�s
coming, retailers with big real estate exposure bust, and market will test lows
then break through said lows to the downside. There was in addition to the
�recession� announcement more dismal news with construction down 1.2% and the
supply/management manufacturing index at 26 year lows. I derive no pleasure in
being a harbinger of bad but true news but reiterate SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN
AS THESE ARE STILL GREAT OPPORTUNITIES TO SELL/TAKE
PROFITS SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P
500 (versus today's frothy 816)� There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 ��Dow plunges
on news recession began in Dec. 2007 (AP) �, Down
we go again: Fourth-worst drop ever for Dow� , Recession
declared; Wall Street tanks�
, Fourth-worst drop ever for Dow AP� as wall street
snapped out of its daydream of a rally and once again faced the harsh
reality�� Report Concludes Recession Began A
Year Ago | But the White House and the corporate media
consistently continued to state otherwise.
(12-02-08)� DOW 8,419.09
+270.00 +3.31% -5.8%
for the month of November. -15% for the month of October NASDAQ 1,449.80 +51.73 +3.70% -11% for the month of November. -17% for October 848.81
+32.60 +3.99% -7.5%
for the month of November. -18% for October [CLOSE- OIL $47.42 (RECORD TRADING HIGH $147.27) GAS $1.95 (reg.
gas in LAND OF FRUITS AND NUTS� $2.03
REG./ $2.65 MID-GRADE/ $2.95 PREM./ $2.58 DIESEL)/ GOLD $776/ SILVER $9.53/
PLATINUM $809 / DOLLAR= .78 EURO, 93 YEN, .66 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 2.69% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! Suckers� bear market rally in the last
minutes of the close on bad news with wall street frauds� nirvana
(commissioning a huge decline then a huge incline) at just a program loop,
button push, mouse click away. Indeed,
all news still realistically and decisively (and some deceptively otherwise
spun to keep suckers suckered) bad: GE lowers guidance but maintains dividend
,� November US auto sales drop to 26-year low� , Data signal deep global downturn �Financial Times , US manufacturing hits 26-year low: ISM . How
are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems
remain and there is but an infinitesimally small fraction of the capital and
resources necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., �so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
CAN SINCE MUCH, MUCH WORSE TO COME. �Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , IT�S A DEPRESSION ��, Grantham (who called the bubble) posits� 585 on the S&P
500 (versus today's frothy 848)� There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 �, Auditors Fault Oversight of
Bailout Funds... , Governors to Seek Up to $100B
in Social Aid...� ,
Feds to expand rescue;
reviewing applications from 'hundreds of banks'...
FDIC head: Gov't plan needs
'exit strategy'...� , �Metal prices fall further
than during Great Depression... �, they�re printing and spending worthless Weimar dollars and
taxpayer funds like mad because they are mad as in crazy, incompetent, etc.. Previous
session sees modest drop relative to reality [SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME], particularly
when you factor in the reality that the prior 5 day rally of 1,300 points into
the last trading week of the month (much like the end of the prior month) based
on bull s**t alone was a typical fraudulent wall street programmed trade fraud
to window dress the monthly numbers and keep suckers sucked in (and besides,
they�ll get their commissions again on the way down). Upon the formal
announcement that we�ve been in recession since DECEMBER, 2007 I was waiting for
Amy Poehler of SNL Weekend Update to say, �REALLY!� [this site has
reported/predicted this (these) debacle (s) for far longer and in advance of
same, including this recession/depression]. The protracted reluctance (election
year expedience) for some to use the R(ecession) word, spun in the most
positive way is to say it is because this scenario is far worse than even would
befit the D(epression) word in light of the fact that the u.s. like never
before in its relatively short history is broke in every way. If you�ve been
suckered, it�s not all your fault inasmuch as the enablers (politicians,
economists, financial experts, news/media, etc., in receipt of substantial
largesse from and) of these vegetable garden (poison ivy league schools, these
�elite� clubs/frats, etc.) products (vegetables
who not only have never done anything requiring skills or measurable results,
but merely are master bull s**t artists and as in the case of wall street,
criminal frauds) are similarly incompetent, corrupt/venal. After all, how are these frauds not being prosecuted
and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
and hence, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc.. Motek�s expert cites retail liquidation
prices (none to minimal profits, at best), inevitable GM bankruptcy, fed
programs done with money out the door to little or no effect and now talking
new programs�riiiiight�or, with rate at 1%, more rate cuts�riiiiight, big
shake-out to come, credit-card co�s to pull back $2 trillion to survive what�s coming,
retailers with big real estate exposure bust, and market will test lows then
break through said lows to the downside. There was in addition to the
�recession� announcement more dismal news with construction down 1.2% and the
supply/management manufacturing index at 26 year lows. I derive no pleasure in
being a harbinger of bad but true news but reiterate SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN
AS THESE ARE GREAT OPPORTUNITIES TO SELL/TAKE
PROFITS SINCE MUCH, MUCH WORSE TO COME!
(12-01-08)� DOW 8,149.09 -679.95 -7.70% -5.8% for the
month of November. -15% for the month
of October NASDAQ 1,398.07 -137.50 -8.95% -11% for the month of November. -17% for October S&P 816.21 -80.03 -8.93% -7.5% for the month of November. -18% for October
[CLOSE- OIL $49.29 (RECORD TRADING
HIGH $147.27) GAS $1.95 (reg. gas in LAND OF FRUITS AND NUTS� $2.13 REG./ $2.65 MID-GRADE/ $2.95 PREM./
$2.58 DIESEL)/ GOLD $776.80/ SILVER $9.38/ PLATINUM $809.90/ DOLLAR= .78 EURO,
93 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
2.72% ..��� ��AP Business Highlights ������� ����...Yahoo Market
Update... ] Modest drop relative to reality [SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
CAN SINCE MUCH, MUCH WORSE TO COME], particularly when you factor in the reality that the
prior 5 day rally of 1,300 points into the last trading week of the month (much
like the end of the prior month) based on bull s**t alone was a typical fraudulent
wall street programmed trade fraud to window dress the monthly numbers and keep
suckers sucked in (and besides, they�ll get their commissions again on the way
down). Upon the formal announcement that we�ve been in recession since
DECEMBER, 2007 I was waiting for Amy Poehler of SNL Weekend Update to say,
�REALLY!� [this site has reported/predicted this (these) debacle (s) for far
longer and in advance of same]. The protracted reluctance for some to use the
R(ecession) word, spun in the most positive way is to say it is because this
scenario is far worse than even would befit the D(epression) word in light of
the fact that the u.s. like never before in its relatively short history is
broke in every way. If you�ve been suckered, it�s not all your fault inasmuch
as the enablers (politicians, economists, financial experts, news/media, etc.,
in receipt of substantial largesse from and) of these vegetable garden (poison
ivy league schools, these �elite� clubs/frats, etc.) products (vegetables who not only have never done anything
requiring skills or measurable results, but merely are master bull s**t artists
and as in the case of wall street, criminal frauds) are similarly incompetent,
corrupt/venal. After all, how
are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
and hence, virtually all
problems remain and there is but an infinitesimally small fraction of the capital
and resources necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc.. Motek�s expert cites retail liquidation prices
(none to minimal profits, at best), inevitable GM bankruptcy, fed programs done
with money out the door to little or no effect and now talking new
programs�riiiiight�or, with rate at 1%, more rate cuts�riiiiight, big shake-out
to come, credit-card co�s to pull back $2 trillion to survive what�s coming,
retailers with big real estate exposure bust, and market will test lows then
break through said lows to the downside. There was in addition to the
�recession� announcement more dismal news with construction down 1.2% and the
supply/management manufacturing index at 26 year lows. I derive no pleasure in
being a harbinger of bad but true news but reiterate SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN
AS THESE ARE STILL GREAT OPPORTUNITIES TO SELL/TAKE
PROFITS SINCE MUCH, MUCH WORSE TO COME. �Renowned
economist Mikhail Khazin : U.S. will soon face second �Great Depression�� , IT�S A
DEPRESSION ��, Grantham (who called the bubble) posits�
585 on the S&P 500 (versus today's frothy 816)� There is more hurt in store
for the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 ��Dow plunges on news recession began in Dec. 2007 (AP) �, Down we go again: Fourth-worst drop ever for Dow� , Recession declared; Wall Street tanks� , Fourth-worst drop ever for Dow AP� as wall street
snapped out of its daydream of a rally and once again faced the harsh
reality�� Report Concludes Recession Began A Year Ago | But the White
House and the corporate media consistently continued to state otherwise.
(11-28-08)� DOW 8,829.04 +102.43 +1.17% -5.8% for the month of November. -15% for the month of October NASDAQ 1,535.57 +3.47 +0.23% -11% for the
month of November. -17% for October S&P 896.24 +8.56 +0.96% -7.5% for the
month of November. -18% for October [CLOSE- OIL $51
(RECORD TRADING HIGH $147.27) GAS $2.05 (reg. gas in LAND OF FRUITS AND
NUTS� $2.20 REG./ $3.05 MID-GRADE/ $3.26
PREM./ $3.05 DIESEL)/ GOLD $816.20/ SILVER $10.22/ PLATINUM $882.45/ DOLLAR=
.77 EURO, 95 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR
NOTE YIELD 2.93% ..��� ��AP Business Highlights ������� ����...Yahoo Market
Update... ] Absolutely,
Absurdly, Ridiculous! This suckers� bear market ralley remains an especially
great opportunity to sell/take profits
while you still can since much, much worse to come (sell into purported
strength which is just more bull s**t for prospective churn and earn fraud �
they�ll get those commissions again on the way down) IMF
economist says worst of crisis to come: paper� 'Crisis Only Just Beginning': Crisis/Video� Right About the Crash, Peter Schiff Sees
Much More Pain Ahead ��and this suckers� bear market rally was
based upon nothing related factually to finance/economics/business. How are these frauds not being prosecuted and forced
disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH
WORSE TO COME. �Indeed, all news still realistically and
decisively (and some deceptively otherwise spun to keep suckers suckered)
bad:� Biggest runnup in stock prices
since 1932 and most know what happened to stock prices for over a decade
thereafter (and america was not broke in every way as now), Ghost malls
cropping up with retail closures/bankruptcies, as predicted by trendsresearch.com
[CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX
REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in
the past, says that America will cease to be a developed nation within 4 years,
crisis will be �worse than the great depression.�] , Motek expert from the land of fruits and nuts, the
senile wedbush (if you had listened to his prior
prognostications/recommendations several months ago said suckers might be wiped
out by this day) lauds the bailouts (money u.s. doesn�t really have and
taxpayer money the frauds shouldn�t get) and the b.s. talking points thereby
but says workout much longer, while retail expert points to liquidation prices
(but fails to even mention lack of profits thereby), and poverty now spreading
to suburbs. Financial Disaster Will Lead to Civil Disorder in 2009 or
2010, Says Secret Citibank Memo An internal memo
from a top Citibank analyst reveals what the banks really think about the
global financial situation, and the outlook is grim. Citigroup Should Be Held
Accountable Bloomberg Food Prices Will Rise, Causing
Export Bans, Riots Bloomberg Rubin Clones and Other Fakers:
The Obama �Dream Team� �Citigroup says gold could rise
above $2,000 next year as world unravels US debt triggered global crisis
�Encouraged by a wicked wizard,
Greenspan, Bernanke toils at his Weimar dollar printing press� . Consumer spending down (-1%), consumer
sentiment down, durable goods orders down (-6%), home sales/prices down to new
lows and high supplies, yet suckers� bear market market rally of 400+ points
into the close nostalgically based (which got investors burned in the past) on
bull s**t alone (i.e., more bureaucrats on more painels as per President-elect,
etc.) and the so-called thanksgiving holiday rally. $600 billion plan to
support housing lending ultimately hyperinflationary. New unemployment claims
at recession level 529,000 for the week ended Nov. 22 yet unbelievably lower
than private economist estimates. October durable goods orders plunged by a
larger-than-expected amount, Chicago manufacturing in November contracted the
most since 1982 according to a regional survey, and consumer confidence dropped
to a 28 year low in November, according to the University of Michigan. One
Motek expert in a nearly senile market moment cites pleasant market surprise
(reality dictates otherwise) but in a lucid moment concedes lengthy period to
work out (substantial) problems, while another expert (currencies) cautions the
unintended consequences of�
creating/printing/flooding the markets with worthless (Weimar) dollars
(a policy choice of inflation over fear of deflation) and the dollar devaluation
and ultimately hyperinflationary effects thereof. FDIC Troubled Bank List Grows to 46% - Is Your Bank Safe?
(at Seeking Alpha) �, �Consumers cut spending , Stocks on win streak amid more bad economic
news ,� Cisco plans 4-day shutdown to cut costs� , October home sales fall sharply (Reuters)
. The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved and
hence, virtually all problems remain, will continue to
remain, and there is but an infinitesimally small fraction of the capital and
resources necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., SO GREAT OPPORTUNITY TO SELL/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE
TO COME.� Federal deficit could hit $1 trillion this year� ,�� FDIC's list of 'problem' banks swells to 171 (AP)
, Dollar falls on realistically discouraging u.s.
economic data (AP)�
(11-26-08)� DOW 8,726.61 +247.14 +2.91% -5.3% for third week Nov.� -5% for second week Nov. �-4% for first week Nov. -15% for the month of October NASDAQ 1,532.10 +67.37 +4.60% -9% for third week
Nov.� 4.2% for second week Nov.� -4% for first week Nov.� -17% for October S&P 887.68 +30.29 +3.53% -8.3% for third week Nov. �-6%
for second week Nov. �-4% for first week
Nov. -18%
for October [CLOSE- OIL $54.44 (RECORD TRADING HIGH $147.27) GAS $2.20 (reg.
gas in LAND OF FRUITS AND NUTS� $2.22
REG./ $3.05 MID-GRADE/ $3.26 PREM./ $3.05 DIESEL)/ GOLD $808.65/ SILVER $10.22/
PLATINUM $869.65/ DOLLAR= .77 EURO, 95 YEN, .65 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.00% ..��� ��AP Business Highlights ������� ����...Yahoo Market
Update... ] Absolutely,
Absurdly, Ridiculous! This remains an especially great opportunity to sell/take profits since much, much worse to come IMF
economist says worst of crisis to come: paper� 'Crisis Only Just Beginning': Crisis/Video� Right About the Crash, Peter Schiff Sees
Much More Pain Ahead ��and this suckers� bear market rally was
based upon nothing related factually to finance/economics/business.� Indeed, all news decisively bad:� Consumer spending down (-1%), consumer sentiment down, durable
goods orders down (-6%), home sales/prices down to new lows and high supplies,
yet suckers� bear market market rally of 400+ points into the close
nostalgically based (which got investors burned in the past) on bull s**t alone
(i.e., more bureaucrats on more painels as per President-elect, etc.) and the
so-called thanksgiving holiday rally. $600 billion plan to support housing
lending ultimately hyperinflationary. New unemployment claims at recession
level 529,000 for the week ended Nov. 22 yet unbelievably lower than private
economist estimates. October durable goods orders plunged by a
larger-than-expected amount, Chicago manufacturing in November contracted the
most since 1982 according to a regional survey, and consumer confidence dropped
to a 28 year low in November, according to the University of Michigan. One
Motek expert in a nearly senile market moment cites pleasant market surprise
(reality dictates otherwise) but in a lucid moment concedes lengthy period to
work out (substantial) problems, while another expert (currencies) cautions the
unintended consequences of�
creating/printing/flooding the markets with worthless (Weimar) dollars
(a policy choice of inflation over fear of deflation) and the dollar
devaluation and ultimately hyperinflationary effects thereof. FDIC Troubled Bank List Grows to 46% - Is Your Bank Safe?
(at Seeking Alpha) �, �Consumers cut spending , Stocks on win streak amid more bad economic
news ,� Cisco plans 4-day shutdown to cut costs� , October home sales fall sharply (Reuters)
. The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved and
hence, virtually all problems remain, will continue to
remain, and there is but an infinitesimally small fraction of the capital and
resources necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., SO GREAT OPPORTUNITY TO SELL/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE
TO COME.� Federal deficit could hit $1 trillion this year� ,�� FDIC's list of 'problem' banks swells to 171 (AP)
, Dollar falls on realistically discouraging u.s.
economic data (AP)� , Third quarter real GDP was revised to a 0.5% annual rate of
decline from a previously reported 0.3% rate which had rallied stocks and, only
in the fraudulent world of wall street, rallied stocks again though worse than
expected Economy shrinks at fastest pace in seven years, Third quarter
personal consumption expenditures were revised to a worse than expected -3.7%
from -3.1%, which rallied stocks �.. riiiiight! , �Consumer
confidence remains at an extremely depressed state despite fake numbers ,The S&P/Case-Shiller Home Price Index
of 20 US cities fell 17.4% year over year � most on record.�� ���'Crisis Only Just Beginning': Crisis/Video� Right About the Crash, Peter Schiff Sees
More Pain Ahead ���Crisis Only Just Beginning':
Right About the Crash, Peter Schiff Sees Much More Pain Ahead ��VIDEO� �Previously, from the outset the wall street
frauds were again determined to keep the suckers suckered with a near 500 point
rally into the close. Existing home sales down 3.1% and much worse than
expected. Motek�s expert Peter
Shiff correctly points out that the so-called policy-makers,
economists, etc., don�t know what they�re doing, that they can�t borrow (or
print worthless Weimar dollars) and spend (money they don�t have) their way out
of this debacle, that the bailout funds are merely providing undue
bonuses/compensation for failed (and fraudulent) performance, that crisis will
be exascerbated with (unavoidable) hyperinflation (inevitable thereby owing to
crashing/worthless Weimar dollar) and ultimately even deeper/worse/more
protracted economic decline, that auto industry is over-paid (especially
relative to competition, legacy/pension costs, etc.), and importantly, the
government has no money so they either have to borrow or print same which will
make the economy much worse. Cost of Bankster Bait and Switch Now $7.4 Trillion �Another
expert says quick bankruptcies would have been the preferred course for optimal
results, while another emphasizes quite correctly that the so-called experts/team now cheered (wall
street frauds� b.s. talking/rallying point) are those whose experience is
having created the very problems they are now called upon to solve (hence,
cover-ups, etc., but ineffectual). [Good management dictates that a clean sweep
was warranted]. Realize that the products of the vegetable gardens (the poison
ivy league schools producing these vegetables) are vegetables who not only have
never done anything requiring skills or measurable results, but merely are
master bull s**t artists and in the case of wall street, criminal frauds
enabled thereby. ��Downey Savings taken over by regulators [ Colossal Financial Collapse: The Truth behind the Citigroup
Bank �Nationalization� ] over
the weekend. Obama�s Economic Foxes To Guard Financial Henhouse Today
President elect Obama officially introduces his economic team to the world.
What many may fail to recognize however is the fact that those tasked with
rescuing the economy are the very people who helped create the financial crisis
in the first instance. CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX
REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in
the past, says that America will cease to be a developed nation within 4 years,
crisis will be �worse than the great depression.� Budget
deficit hits record; jobless claims surge Foreclosure
rates up 25 percent year-over-year Banking crisis
claims more u.s. victims How
are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH
WORSE TO COME.
(11-25-08)� DOW 8,479.47
+36.08 +0.43% -5.3% for third
week Nov.� -5% for second week Nov.� -4% for first week Nov. -15% for the month of October NASDAQ 1,464.73 -7.29 -0.50% -9% for third week Nov.� 4.2%
for second week Nov.� -4% for first week
Nov.� -17% for October
S&P 857.39 +5.58 +0.66% -8.3% for third week Nov. �-6% for second week Nov.� -4% for first week Nov. -18% for October [CLOSE- OIL $51 (RECORD TRADING HIGH $147.27) GAS $2.20 (reg. gas
in LAND OF FRUITS AND NUTS� $2.22 REG./
$3.05 MID-GRADE/ $3.26 PREM./ $3.05 DIESEL)/ GOLD $823.74/ SILVER $10.65/
PLATINUM $871.51/ DOLLAR= .76 EURO, 95 YEN, .64 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.08% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous!
This remains an especially great opportunity to sell/take profits since much, much worse to come IMF
economist says worst of crisis to come: paper� 'Crisis Only Just Beginning': Crisis/Video� Right About the Crash, Peter Schiff Sees
Much More Pain Ahead ��and this suckers� bear market rally was
based upon nothing related factually to finance/economics/business.� Indeed, all news decisively bad:� Federal deficit could hit $1 trillion this year� ,�� FDIC's list of 'problem' banks swells to 171 (AP)
, Dollar falls on realistically discouraging u.s.
economic data (AP)� , Third quarter real GDP was revised to a 0.5% annual rate of
decline from a previously reported 0.3% rate which had rallied stocks and, only
in the fraudulent world of wall street, rallied stocks again though worse than
expected Economy shrinks at fastest pace in seven years, Third quarter
personal consumption expenditures were revised to a worse than expected -3.7%
from -3.1%, which rallied stocks �.. riiiiight! , �Consumer
confidence remains at an extremely depressed state despite fake numbers ,The S&P/Case-Shiller Home Price Index
of 20 US cities fell 17.4% year over year � most on record.�� ���'Crisis Only Just Beginning': Crisis/Video� Right About the Crash, Peter Schiff Sees
More Pain Ahead ���Crisis Only Just Beginning':
Right About the Crash, Peter Schiff Sees Much More Pain Ahead ��VIDEO� �Previously, from the outset the wall street
frauds were again determined to keep the suckers suckered with a near 500 point
rally into the close. Existing home sales down 3.1% and much worse than
expected. Motek�s expert Peter
Shiff correctly points out that the so-called policy-makers,
economists, etc., don�t know what they�re doing, that they can�t borrow (or
print worthless Weimar dollars) and spend (money they don�t have) their way out
of this debacle, that the bailout funds are merely providing undue
bonuses/compensation for failed (and fraudulent) performance, that crisis will
be exascerbated with (unavoidable) hyperinflation (inevitable thereby owing to
crashing/worthless Weimar dollar) and ultimately even deeper/worse/more protracted
economic decline, that auto industry is over-paid (especially relative to
competition, legacy/pension costs, etc.), and importantly, the government has
no money so they either have to borrow or print same which will make the
economy much worse. Cost of Bankster Bait and Switch Now $7.4 Trillion �Another
expert says quick bankruptcies would have been the preferred course for optimal
results, while another emphasizes quite correctly that the so-called experts/team now cheered (wall
street frauds� b.s. talking/rallying point) are those whose experience is
having created the very problems they are now called upon to solve (hence,
cover-ups, etc., but ineffectual). [Good management dictates that a clean sweep
was warranted]. Realize that the products of the vegetable gardens (the poison
ivy league schools producing these vegetables) are vegetables who not only have
never done anything requiring skills or measurable results, but merely are
master bull s**t artists and in the case of wall street, criminal frauds
enabled thereby. ��Downey Savings taken over by regulators [ Colossal Financial Collapse: The Truth behind the Citigroup
Bank �Nationalization� ] over
the weekend. Obama�s Economic Foxes To Guard Financial Henhouse Today
President elect Obama officially introduces his economic team to the world.
What many may fail to recognize however is the fact that those tasked with
rescuing the economy are the very people who helped create the financial crisis
in the first instance. CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX
REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in
the past, says that America will cease to be a developed nation within 4 years,
crisis will be �worse than the great depression.� Budget
deficit hits record; jobless claims surge Foreclosure
rates up 25 percent year-over-year Banking crisis
claims more u.s. victims How
are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE
TO COME
(11-24-08)� DOW 8,443.39 +396.97 +4.93% -5.3% for third week Nov.� -5% for second week Nov. �-4% for first week Nov. -15% for the month of October NASDAQ 1,384.35 +68.23 +5.18% -9% for third week
Nov.� 4.2% for second week Nov.� -4% for first week Nov.� -17%
for October S&P 800.03 +47.59 +6.32% -8.3% for third week Nov. �-6% for second week
Nov. �-4% for first week Nov. -18% for October [CLOSE- OIL $54.51 (RECORD TRADING HIGH $147.27) GAS $2.20 (reg. gas in
LAND OF FRUITS AND NUTS� $2.22 REG./
$3.05 MID-GRADE/ $3.26 PREM./ $3.05 DIESEL)/ GOLD $823.74/ SILVER $10.65/
PLATINUM $875/ DOLLAR= .77 EURO, 96 YEN, .65 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 3.35% ..���
��AP Business Highlights
������� ����...Yahoo Market
Update... ]
Absolutely,
Absurdly, Ridiculous! This is an especially great an opportunity to sell/take profits as you will see since much, much worse to come IMF economist says worst of crisis to come: paper
and this suckers� bear market rally was based upon nothing whatsoever
relevant to finance/economics/business. 'Crisis Only Just Beginning': Crisis/Video� Right About the
Crash, Peter Schiff Sees More Pain Ahead ���Crisis Only Just Beginning': Right About the Crash, Peter
Schiff Sees Much More Pain Ahead ��VIDEO� , yet from the
outset the wall street frauds were again determined to keep the suckers
suckered with a near 500 point rally into the close. Existing home sales down
3.1% and much worse than expected. Motek�s expert Peter Shiff correctly points out that the
so-called policy-makers, economists, etc., don�t know what they�re doing, that
they can�t borrow (or print worthless Weimar dollars) and spend (money they
don�t have) their way out of this debacle, that the bailout funds are merely
providing undue bonuses/compensation for failed (and fraudulent) performance,
that crisis will be exascerbated with (unavoidable) hyperinflation (inevitable
thereby owing to crashing/worthless Weimar dollar) and ultimately even
deeper/worse/more protracted economic decline, that auto industry is over-paid
(especially relative to competition, legacy/pension costs, etc.), and
importantly, the government has no money so they either have to borrow or print
same which will make the economy much worse. Cost of Bankster Bait and Switch Now $7.4 Trillion �Another expert says quick
bankruptcies would have been the preferred course for optimal results, while
another emphasizes quite correctly that the so-called experts/team now cheered
(wall street frauds� b.s. talking/rallying point) are those whose experience is
having created the very problems they are now called upon to solve (hence,
cover-ups, etc., but ineffectual). [Good management dictates that a clean sweep
was warranted]. Realize that the products of the vegetable gardens (the poison
ivy league schools producing these vegetables) are vegetables who not only have
never done anything requiring skills or measurable results, but merely are
master bull s**t artists and in the case of wall street, criminal frauds
enabled thereby. ��Downey Savings taken over by regulators [ Colossal Financial Collapse: The Truth behind the Citigroup
Bank �Nationalization� ] over the weekend. Obama�s Economic Foxes To Guard Financial Henhouse Today
President elect Obama officially introduces his economic team to the world.
What many may fail to recognize however is the fact that those tasked with
rescuing the economy are the very people who helped create the financial crisis
in the first instance. CELENTE CORRECTLY PREDICTS
REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in
the past, says that America will cease to be a developed nation within 4 years,
crisis will be �worse than the great depression.� Budget
deficit hits record; jobless claims surge Foreclosure
rates up 25 percent year-over-year Banking crisis
claims more u.s. victims How are these
frauds not being prosecuted and forced disgorgement and preposterously getting
taxpayer dollars? The lunatic wall street
frauds� desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved and hence, virtually all problems remain
and there is but an infinitesimally small fraction of the capital and resources
necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., SO SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE
MUCH, MUCH WORSE TO COME. IMF economist says worst of crisis to come: paper
.
(11-21-08)� DOW
8,046.42 +494.13 +6.54% -5.3% for third week Nov.� -5% for second week Nov. �-4% for first week Nov. -15% for the month of October NASDAQ 1,384.35 +68.23 +5.18% -9% for third week
Nov.� 4.2% for second week Nov.� -4% for first week Nov.� -17%
for October S&P 800.03 +47.59 +6.32% -8.3% for third week Nov. �-6% for second week
Nov. �-4% for first week Nov. -18% for October [CLOSE- OIL $49.93 (RECORD TRADING HIGH $147.27) GAS $2.22 (reg. gas in
LAND OF FRUITS AND NUTS� $2.38 REG./
$3.26 MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $748/ SILVER $9.03/ PLATINUM
$803/ DOLLAR= .79 EURO, 95 YEN, .66 POUND STERLING, ETC. (How low can you go -
LOWER)/ 10 YR NOTE YIELD 3.23% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ]
This is as great an opportunity to sell/take profits as you will see since much, much worse to come IMF economist says worst of crisis to come: paper
and this suckers� bear market rally was based upon nothing whatsoever
relevant to finance/economics/business, yet from the outset the wall street
frauds were determined to keep the suckers suckered through the weekend with a
near 600 point rally into the close. All news was decisively bad Federal regulators shut 2 California thrifts and though looking
for a reason to rally, they found none because there are none HU: World economic situation
'grim'... , based on valuation and prospective
substantial deterioration in economic conditions exascerbated by their massive
fraud; but the invented reason for the suckers� rally was the appointment of
Geithner, a quintessential bureaucrat ultimately dependant upon other
bureaucrats who are dependant upon the very corrupt monied interests/frauds
(and their lobbyists) who created (through their crimes) the current financial
crisis. Moreover, as head of the N.Y. Fed he is no stranger to
cover-ups/bailouts in light of the missing/unaccounted for $4+ TRILLION at the
N.Y. Fed $4 trillion plus is missing through U.S.
federal agency accounts managed by the NY Fed. Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , Grantham (who called the bubble) posits� 585 on the S&P
500 (versus today's frothy 852)� There is more hurt in store for the
U.S. equity markets. If you are still thinking of riding this one out, consider
Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of
40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S.
would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 �The lunatic
wall street frauds� desperation linked to their substantial crimes and booty
which must be disgorged through prosecution, none of the real problems
(hundreds of trillions of fraudulent/worthless securities, etc.) have been
addressed much less solved and hence, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., so great opportunity to sell/take profits while you can since much, much worse
to come. Leading economic indicators fall
again a more than expected .8%, new claims for unemployment a high more than expected
542,000 while continuing claims at 4,000,000 a 16 year high and more than
expected, Philly Fed Index down to a worse than expected �39. Jobless Claims Hit 16-Year High, Above Forecast ��Congress extends jobless benefits; stocks fall 400� World stocks down amid reality of deep recession
(AP) CELENTE CORRECTLY PREDICTS
REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in
the past, says that America will cease to be a developed nation within 4 years,
crisis will be �worse than the great depression.� Budget
deficit hits record; jobless claims surge Foreclosure
rates up 25 percent year-over-year Banking crisis
claims more u.s. victims How are these frauds
not being prosecuted and forced disgorgement and preposterously getting
taxpayer dollars? The lunatic wall street
frauds� desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved so sell into rallies/strength/take profits while you can but sell since
much, much worse to come.
(11-20-08)� DOW
7,552.29 -444.99 -5.56% -5% for second week Nov.� -4% for first week Nov. -15% for the month of October NASDAQ 1,316.12 -70.30 -5.07% -4.2% for second
week Nov.� -4% for first week Nov.� -17%
for October S&P 752.44 -54.14 -6.71% -6% for second week Nov.� -4% for first week Nov. -18% for October [CLOSE- OIL $49.62
(RECORD TRADING HIGH $147.27) GAS $2.22 (reg. gas in LAND OF FRUITS AND
NUTS� $2.38 REG./ $3.26 MID-GRADE/ $3.53
PREM./ $3.08 DIESEL)/ GOLD $748/ SILVER $9.03/ PLATINUM $803/ DOLLAR= .80 EURO,
94 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.00% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update...
]
Still modest losses relative to reality to keep the suckers� suckered especially
in light of grim economic/business/financial news so still great opportunity to
sell/take
profits while you can since much, much worse to come. Leading economic indicators fall
again a more than expected .8%, new claims for unemployment a high more than expected
542,000 while continuing claims at 4,000,000 a 16 year high and more than
expected, Philly Fed Index down to a worse than expected �39. Jobless Claims Hit 16-Year High, Above Forecast ��Congress extends jobless benefits; stocks fall 400� World stocks down amid reality of deep recession
(AP) CELENTE CORRECTLY PREDICTS
REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in
the past, says that America will cease to be a developed nation within 4 years,
crisis will be �worse than the great depression.� Budget
deficit hits record; jobless claims surge Foreclosure
rates up 25 percent year-over-year Banking crisis
claims more u.s. victims How are these
frauds not being prosecuted and forced disgorgement and preposterously getting
taxpayer dollars? The lunatic wall street
frauds� desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved so sell into rallies/strength/take profits while you can since
much, much worse to come. �Previous session, modest losses relative to reality to keep the suckers�
suckered especially in light of grim economic/business/financial news so still
great opportunity to sell/take profits while you can since much, much worse
to come. Housing starts down a record 38%, building permits down 14.5%, and outlook
grim. Motek�s expert discusses 30
reasons for Great Depression 2 by 2011 citing completion of first wave of the
meltdown-dot.com bust, second wave-sub-prime debacle, and the on-going
climactic financial/economic meltdown pointing to the 42,000 lobbyists, autos,
etc., saying they just don�t get it, while another expert analyst says new lows
across the board having broken through support levels. Motek�s p.r. expert says auto execs flying to d.c. in private jets to beg
for taxpayer money bespeaks their stupidity, and his travel expert discusses
the newly value-conscious consumer. Fed
sharply lowers forecasts, hints of rate cut which ploy previously sparked b.s.
suckers� bear market rallies based upon nothing at all but reality says with
only a point to zero and much worse to come is just plain b**l s**t . Deflation:
Here, Now I�ve been warning of deflation for some
time. Specifically, I predicted 1 1/2 to 2 years of deflation, followed by
hyperinflation. Well, deflation is here.�Slush fund� � �Banana Republic� � �Keystone Kops.� Technical Economic Indicators Worsening Again Deflation: Here, Now I�ve been warning
of deflation for some time. Specifically, I predicted 1 1/2 to 2 years of
deflation, followed by hyperinflation� Previous suckers� bear market rally into the close with 300+ point
swing to the upside [wall street frauds� nirvana commissioning a huge decline
then a huge incline just a program loop, button push, mouse click away] into
the close to keep the suckers suckered as the lunatic wall street
frauds� desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved and hence, virtually all problems remain
and there is but an infinitesimally small fraction of the capital and resources
necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., so great opportunity to sell/take profits while you can since much, much worse
to come. Homebuilder reality-based sentiment index plunges to
record low� Economy so
bad commodity prices plunge along with PPI. �Grantham (who
called the bubble) posits� 585 on the S&P 500 (versus today's frothy
859)� There is more
hurt in store for the U.S. equity markets. If you are still thinking of riding
this one out, consider Japan. Japan's Nikkei 225 is our window into the future.
From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar
correction in the U.S. would translate into Dow 2,500. , Forecasters:
U.S. in at least, unrealistically optimistically, minimum 14 month recession� The Great Depression of the 21st Century: Collapse of the
Real Economy�� �The Dollar Standard Is Coming To
An End� �Financial Crisis Tab Already In The Trillions...� �Busted
in Washington �Housing starts expected to hit
half-century low ��Washington
is Powerless to Stop the Coming Economic Depression ���Whitehead
sees slump worse than Depression ��Dollar�s Days Numbered, Buy Commodities: Jim Rogers
���America�s economic crisis is beyond the reach of
traditional solutions ��U.S.
Retail Sales Drop in October by Most on Record . (Banker Bailout Costs $5 Trillion So Far ),
(Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil
to $300 Within Months ), (Soros says deep recession inevitable, depression likely ),
CELENTE CORRECTLY PREDICTS
REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in
the past, says that America will cease to be a developed nation within 4 years,
crisis will be �worse than the great depression.� Budget
deficit hits record; jobless claims surge Foreclosure
rates up 25 percent year-over-year Banking crisis
claims more u.s. victims How are these
frauds not being prosecuted and forced disgorgement and preposterously getting
taxpayer dollars? The lunatic wall street
frauds� desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved so sell into rallies/strength/take profits while you can since
much, much worse to come
(11-19-08)� DOW
7,997.28 -427.47 -5.07% -5%
for second week Nov.� -4% for first week
Nov. -15% for the month of
October NASDAQ 1,386.42 -96.85 -6.53% -4.2%
for second week Nov.� -4% for first week
Nov.� -17% for October S&P
806.58 -52.54 -6.12% -6%
for second week Nov.� -4% for first week
Nov. -18% for October
[CLOSE- OIL $53.62 (RECORD TRADING HIGH $147.27) GAS
$2.22 (reg. gas in LAND OF FRUITS AND NUTS�
$2.38 REG./ $3.26 MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $764.80/
SILVER $9.31/ PLATINUM $823.70/ DOLLAR= .79 EURO, 95 YEN, .66 POUND STERLING,
ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.35% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update...
]
Only modest losses relative to reality to keep the suckers� suckered especially
in light of grim economic/business/financial news so still great opportunity to
sell/take
profits while you can since much, much worse to come. Housing starts down a record 38%,
building permits down 14.5%, and outlook grim. Motek�s expert discusses 30 reasons for Great Depression 2 by 2011 citing
completion of first wave of the meltdown-dot.com bust, second wave-sub-prime
debacle, and the on-going climactic financial/economic meltdown pointing to the
42,000 lobbyists, autos, etc., saying they just don�t get it, while another
expert analyst says new lows across the board having broken through support
levels. Motek�s p.r. expert says auto
execs flying to d.c. in private jets to beg for taxpayer money bespeaks their
stupidity, and his travel expert discusses the newly value-conscious consumer. Fed
sharply lowers forecasts, hints of rate cut which ploy previously sparked b.s.
suckers� bear market rallies based upon nothing at all but reality says with
only a point to zero and much worse to come is just plain b**l s**t . Deflation:
Here, Now I�ve been warning of deflation for some
time. Specifically, I predicted 1 1/2 to 2 years of deflation, followed by
hyperinflation. Well, deflation is here.�Slush fund� � �Banana Republic� � �Keystone Kops.� Technical Economic Indicators Worsening Again Deflation: Here, Now I�ve been warning
of deflation for some time. Specifically, I predicted 1 1/2 to 2 years of
deflation, followed by hyperinflation� Previous suckers� bear market rally into the close with 300+ point
swing to the upside [wall street frauds� nirvana commissioning a huge decline
then a huge incline just a program loop, button push, mouse click away] into
the close to keep the suckers suckered as the lunatic wall street
frauds� desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved and hence, virtually all problems remain
and there is but an infinitesimally small fraction of the capital and resources
necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., so great opportunity to sell/take profits while you can since much, much worse
to come. Homebuilder reality-based sentiment index plunges to
record low� Economy so
bad commodity prices plunge along with PPI. �Grantham (who
called the bubble) posits� 585 on the S&P 500 (versus today's frothy
859)� There is more
hurt in store for the U.S. equity markets. If you are still thinking of riding
this one out, consider Japan. Japan's Nikkei 225 is our window into the future.
From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar
correction in the U.S. would translate into Dow 2,500. , Forecasters:
U.S. in at least, unrealistically optimistically, minimum 14 month recession� The Great Depression of the 21st Century: Collapse of the
Real Economy�� �The Dollar Standard Is Coming To
An End� �Financial Crisis Tab Already In The Trillions...� �Busted
in Washington �Housing starts expected to hit
half-century low ��Washington
is Powerless to Stop the Coming Economic Depression ���Whitehead
sees slump worse than Depression ��Dollar�s Days Numbered, Buy Commodities: Jim Rogers
���America�s economic crisis is beyond the reach of
traditional solutions ��U.S.
Retail Sales Drop in October by Most on Record . (Banker Bailout Costs $5 Trillion So Far ),
(Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil
to $300 Within Months ), (Soros says deep recession inevitable, depression likely ),
CELENTE CORRECTLY PREDICTS
REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in
the past, says that America will cease to be a developed nation within 4 years,
crisis will be �worse than the great depression.� Budget
deficit hits record; jobless claims surge Foreclosure
rates up 25 percent year-over-year Banking crisis
claims more u.s. victims How are these
frauds not being prosecuted and forced disgorgement and preposterously getting
taxpayer dollars? The lunatic wall street
frauds� desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved so sell into rallies/strength/take profits while you can since
much, much worse to come.
(11-18-08)� DOW
8,424.75 +151.17 +1.83% -5% for second week Nov.� -4%
for first week Nov. -15% for the month of October NASDAQ 1,483.27 +1.22 +0.08% -4.2% for second week Nov.� -4% for first week Nov.� -17% for October S&P
859.12 +8.37 +0.98% -6% for second week Nov.� -4% for first week Nov. -18% for October
[CLOSE- OIL $54.39 (RECORD TRADING HIGH $147.27) GAS
$2.22 (reg. gas in LAND OF FRUITS AND NUTS�
$2.38 REG./ $3.26 MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $738/
SILVER $9.58/ PLATINUM $844/ DOLLAR= .79 EURO, 96 YEN, .66 POUND STERLING, ETC.
(How low can you go - LOWER)/ 10 YR NOTE YIELD 3.535% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update...
] Absolutely, Absurdly, Ridiculous! Suckers� bear market rally with 300+ point
swing to the upside [wall street frauds� nirvana commissioning a huge decline
then a huge incline just a program loop, button push, mouse click away] into
the close to keep the suckers suckered as the lunatic wall street
frauds� desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved and hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,
so great opportunity
to sell/take profits while you can since much, much worse
to come. Homebuilder reality-based sentiment
index plunges to record low�
Economy so bad commodity prices plunge along with PPI. �Grantham (who called the bubble) posits� 585 on the S&P
500 (versus today's frothy 859)� There is more
hurt in store for the U.S. equity markets. If you are still thinking of riding
this one out, consider Japan. Japan's Nikkei 225 is our window into the future.
From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar
correction in the U.S. would translate into Dow 2,500. , Forecasters:
U.S. in at least, unrealistically optimistically, minimum 14 month recession� The Great Depression of the 21st Century: Collapse of the
Real Economy�� �The Dollar Standard Is Coming To
An End� �Financial Crisis Tab Already In The Trillions...� �Busted
in Washington �Housing starts expected to hit
half-century low ��Washington
is Powerless to Stop the Coming Economic Depression ���Whitehead
sees slump worse than Depression ��Dollar�s Days Numbered, Buy Commodities: Jim Rogers
���America�s economic crisis is beyond the reach of
traditional solutions ��U.S.
Retail Sales Drop in October by Most on Record . (Banker Bailout Costs $5 Trillion So Far ),
(Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil
to $300 Within Months ), (Soros says deep recession inevitable, depression likely ), 53,000 layoffs from Citigroup, and many
more announced and may more to come from a multitude of companies to yield
predicted 8-10% unemployment (conservative-some higher). Motek in a somewhat
philosophical mood cites blue chips as cow chips (cow pies, manure, etc.),
while his expert joins the metaphysical fray quoting �to save man from his
folly is to people the world with fools� and goes on to say everything looking
bad, things are not good, how long the deep recession-don�t know, not there
yet; while another expert says things have gone from bad to worse,�
�CELENTE CORRECTLY PREDICTS
REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in
the past, says that America will cease to be a developed nation within 4 years,
crisis will be �worse than the great depression.� Budget
deficit hits record; jobless claims surge Foreclosure
rates up 25 percent year-over-year Banking crisis
claims more u.s. victims How are these
frauds not being prosecuted and forced disgorgement and preposterously getting
taxpayer dollars? The lunatic wall street
frauds� desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved so sell into rallies/strength/take profits while you can since
much, much worse to come.
(11-17-08)� DOW 8,273.58 -223.73 -2.63% -5%
for second week Nov. �-4% for first week Nov. -15% for the month
of October NASDAQ 1,482.05 -34.80 -2.29% -4.2% for second week Nov. �-4%
for first week Nov.� -17% for October S&P 850.75 -22.54 -2.58% -6% for second week Nov. �-4%
for first week Nov. -18% for October [CLOSE- OIL $54.95 (RECORD
TRADING HIGH $147.27) GAS $2.22 (reg. gas in LAND OF FRUITS AND NUTS� $2.53 REG./ $3.26 MID-GRADE/ $3.53 PREM./
$3.08 DIESEL)/ GOLD $742.51/ SILVER $9.33/ PLATINUM $820.60/ DOLLAR= .79 EURO,
96 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.65% ..���
��AP Business Highlights
������� ����...Yahoo Market
Update... ] Modest drop relative
to reality so still great opportunity to sell/take profits while you still can since much, much worse
to come. Grantham
(who called the bubble) posits� 585 on the S&P 500 (versus today's frothy
852)� There is more hurt in store for the
U.S. equity markets. If you are still thinking of riding this one out, consider
Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of
40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S.
would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 ���53,000 layoffs from Citigroup, and many more announced and may
more to come from a multitude of companies to yield predicted 8-10%
unemployment (conservative-some higher). Motek in a somewhat philosophical mood
cites blue chips as cow chips (cow pies, manure, etc.), while his expert joins
the metaphysical fray quoting �to save man from his folly is to people the
world with fools� and goes on to say everything looking bad, things are not
good, how long the deep recession-don�t know, not there yet; while another
expert says things have gone from bad to worse. Forecasters: U.S. in at least, unrealistically
optimistically, minimum 14 month recession� The Great Depression of the 21st Century: Collapse of the
Real Economy�� �The Dollar Standard Is Coming
To An End� �Financial Crisis Tab Already
In The Trillions...�
�Busted
in Washington As expected, the G-20 Economic Summit in
Washington turned out to be a total bust. None of the problems which have
pushed the global economy to the brink of disaster were resolved and none of
the main players who gamed the system with their toxic securities was held
accountable. Housing starts expected to hit
half-century low �G-20 Wanted Quick Action on
Credit Default Swaps, But Bush Talks Them Into Toothless Regulation ��Previous sessions
modest drop relative to reality still great opportunity to sell/take profits while you can since much,
much worse to come. Motek�s Financial Times expert cites grim outlook, another
says fed policy re: interest rates won�t make any difference, and in land of
fruits and nuts a foreclosure every 30-60 seconds. Washington
is Powerless to Stop the Coming Economic Depression ���Whitehead sees slump worse than Depression ��Dollar�s Days Numbered, Buy Commodities: Jim Rogers
���America�s economic crisis is beyond the reach of
traditional solutions ��U.S. Retail Sales Drop in October by Most on Record . Previous session
has full moon, and lunatic wall street frauds� nirvana (commissioning a huge
decline then a huge incline) at just a program loop, button push, mouse click
away as programmed buy trades kick in at below 8,000 without regard to
economic/financial fundamentals, despite much worse than expected business
news, ie., the 500,000 plus new claims for unemployment (Jobless claims hit 25-year high, weak economy causes
imports plunge ), worse than expected
increase in budget deficit from bailouts (Banker Bailout Costs $5 Trillion So Far ), etc., with 900
point swing to the upside (to keep you suckered) based upon nothing whatsoever
positive at all so this is a great opportunity to sell into these suckers�
bear market
rallies/strength/take profits and preserve
capital while you still
can as much, much
worse to come as the ultimately
hyperinflationary effects of printing/creating like mad those worthless Weimar
dollars (Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil
to $300 Within Months ), and weak business prospects (Soros says deep recession inevitable, depression likely ), virtually all problems
remaining and there is but an infinitesimally small fraction of the capital and
resources necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., and the lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.) having been addressed much less solved. CELENTE CORRECTLY PREDICTS
REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul
Joseph Watson | Trend forecaster, renowned for being accurate
in the past, says that America will cease to be a developed nation within 4
years, crisis will be �worse than the great depression.� Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Previous session
market decline at first blush provided fodder for the talking heads/wall street
frauds/shills to say as before, buying opportunity, happy days are here again,
etc., the reality is that there�s much, much worse and downside to come.
(11-14-08)� DOW 8,497.31 -337.94 -3.82% -5% for second week Nov. �-4%
for first week Nov. -15% for the month of October NASDAQ 1,516.85 -79.85 -5.00% -4.2% for second week Nov. �-4%
for first week Nov.� -17% for October S&P 873.29 -38.00 -4.17% -6% for second week Nov. �-4%
for first week Nov. -18% for October [CLOSE- OIL $57.04 (RECORD
TRADING HIGH $147.27) GAS $2.22 (reg. gas in LAND OF FRUITS AND NUTS� $2.53 REG./ $3.26 MID-GRADE/ $3.53 PREM./
$3.08 DIESEL)/ GOLD $743.13/ SILVER $9.53/ PLATINUM $844/ DOLLAR= .79 EURO, 97
YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.75% ..���
��AP Business Highlights
������� ����...Yahoo Market
Update... ] Modest drop relative
to reality so still great opportunity to sell/take profits while you can since much, much worse to
come. Motek�s Financial Times expert cites grim outlook, another says fed
policy re: interest rates won�t make any difference, and in land of fruits and
nuts a foreclosure every 30-60 seconds. Washington
is Powerless to Stop the Coming Economic Depression ���Whitehead sees slump worse than Depression ��Dollar�s Days Numbered, Buy Commodities: Jim Rogers
���America�s economic crisis is beyond the reach of
traditional solutions ��U.S. Retail Sales Drop in October by Most on Record . Previous session
has full moon, and lunatic wall street frauds� nirvana (commissioning a huge
decline then a huge incline) at just a program loop, button push, mouse click
away as programmed buy trades kick in at below 8,000 without regard to
economic/financial fundamentals, despite much worse than expected business
news, ie., the 500,000 plus new claims for unemployment (Jobless claims hit 25-year high, weak economy causes
imports plunge ), worse than expected
increase in budget deficit from bailouts (Banker Bailout Costs $5 Trillion So Far ), etc., with 900
point swing to the upside (to keep you suckered) based upon nothing whatsoever
positive at all so this is a great opportunity to sell into these suckers�
bear market
rallies/strength/take profits and preserve
capital while you still
can as much, much
worse to come as the ultimately
hyperinflationary effects of printing/creating like mad those worthless Weimar
dollars (Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil
to $300 Within Months ), and weak business prospects (Soros says deep recession inevitable, depression likely ), virtually all problems
remaining and there is but an infinitesimally small fraction of the capital and
resources necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., and the lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.) having been addressed much less solved. CELENTE CORRECTLY PREDICTS
REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul
Joseph Watson | Trend forecaster, renowned for being accurate
in the past, says that America will cease to be a developed nation within 4
years, crisis will be �worse than the great depression.� Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Previous session
market decline at first blush provided fodder for the talking heads/wall street
frauds/shills to say as before, buying opportunity, happy days are here again,
etc., THE REALITY IS THAT THERE�S MUCH, MUCH WORSE AND DOWNSIDE TO COME.
(11-13-08)� DOW 8,835.25 +552.59 +6.67% -4% for previous week -15% for the month
of October NASDAQ 1,596.70 +97.49 +6.50% -4% for previous week -17% for October S&P 911.29 +58.99 +6.92% -4% for previous week -18% for October [CLOSE- OIL $58.24 (RECORD
TRADING HIGH $147.27) GAS $2.22 (reg. gas in LAND OF FRUITS AND NUTS� $2.65 REG./ $3.26 MID-GRADE/ $3.53 PREM./
$3.08 DIESEL)/ GOLD $735/ SILVER $9.38/ PLATINUM $838/ DOLLAR= .78 EURO, 97
YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.82% ..���
��AP Business Highlights
������� ����...Yahoo Market
Update... ] Absolutely, Absurdly, Ridiculous! Full
Moon, and lunatic wall street frauds� nirvana (commissioning a huge decline
then a huge incline) just a program loop, button push, mouse click away as
programmed buy trades kick in at below 8,000 without regard to
economic/financial fundamentals, despite much worse than expected business
news, ie., the 500,000 plus new claims for unemployment (Jobless claims hit 25-year high, weak economy causes
imports plunge ), worse than expected
increase in budget deficit from bailouts (Banker Bailout Costs $5 Trillion So Far ), etc., with 900
point swing to the upside (to keep you suckered) based upon nothing whatsoever
positive at all so this is a great opportunity to sell into these suckers�
bear market
rallies/strength/take profits and preserve
capital while you still
can as much, much
worse to come as the ultimately
hyperinflationary effects of printing/creating like mad those worthless Weimar
dollars (Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil
to $300 Within Months ), and weak business prospects (Soros says deep recession inevitable, depression likely ), virtually all problems
remaining and there is but an infinitesimally small fraction of the capital and
resources necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., and the lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.) having been addressed much less solved. CELENTE CORRECTLY PREDICTS
REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul
Joseph Watson | Trend forecaster, renowned for being accurate
in the past, says that America will cease to be a developed nation within 4
years, crisis will be �worse than the great depression.� Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Previous session
market decline at first blush provided fodder for the talking heads/wall street
frauds/shills to say as before, buying opportunity, happy days are here again,
etc., the reality is that there�s much, much worse and downside to come.
Indeed, one expert says US
To Lose Its �AAA� Rating/face default/bankruptcy,� while Motek�s expert says market poised to test
new lows, points to uncertainty regarding bailout equivocation/changes and
talks up, in a somewhat borderline senile fashion, some beaten down
stocks on theory government will bail them out�riiiiight! Another Motek expert,
actor/speculator/economist Ben Stein says hanky panky Paulsen perjured himself
before congress and should be prosecuted, points to incompetence regarding
bailout saying couldn�t have been handled worse and not mentally up to it.� �One Aspect of the Massive (Securities)
Fraud/Fraudulent Wealth Transfer is Aptly Described/Illustrated in this Comment, [how are these
frauds not being prosecuted and forced disgorgement and preposterously getting
taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.) have been addressed much less solved], Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , Grantham (who called the bubble) posits� 585 on the S&P
500 (versus today's frothy 852)� There is more hurt in store for the
U.S. equity markets. If you are still thinking of riding this one out, consider
Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of
40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S.
would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 ��The immortal words of J.P.Morgan remain
apposite as � it is not so much the return on the money as it is the return of
the money� ,� so sell/take
profits while you can and preserve
capital.
(11-12-08)� DOW 8,282.66 -411.30 -4.73% -4% for previous week -15% for the month
of October NASDAQ 1,499.21 -81.69 -5.17% -4% for previous week -17% for October S&P 852.30 -46.65 -5.19% -4% for previous week -18% for October [CLOSE- OIL $56.16 (RECORD
TRADING HIGH $147.27) GAS $2.22 (reg. gas in LAND OF FRUITS AND NUTS� $2.65 REG./ $3.26 MID-GRADE/ $3.53 PREM./
$3.08 DIESEL)/ GOLD $713/ SILVER $9.26/ PLATINUM $809/ DOLLAR= .79 EURO, 97
YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.665% ..���
��AP Business Highlights
��� ��������...Yahoo Market Update... ] While the market decline this day at first blush provides
fodder for the talking heads/wall street frauds/shills to say as before, buying
opportunity, happy days are here again, etc., the reality is that there�s much,
much worse and downside to come. Indeed, one expert says US
To Lose Its �AAA� Rating/face default/bankruptcy,� while Motek�s expert says market poised to test
new lows, points to uncertainty regarding bailout equivocation/changes and
talks up, in a somewhat borderline senile fashion, some beaten down
stocks on theory government will bail them out�riiiiight! Another Motek expert,
actor/speculator/economist Ben Stein says hanky panky Paulsen perjured himself
before congress and should be prosecuted, points to incompetence regarding
bailout saying couldn�t have been handled worse and not mentally up to it.� �One Aspect of the Massive (Securities)
Fraud/Fraudulent Wealth Transfer is Aptly Described/Illustrated in this Comment, [how are these
frauds not being prosecuted and forced disgorgement and preposterously getting
taxpayer dollars? The lunatic wall street frauds� desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.) have been addressed much less solved], Renowned economist Mikhail Khazin :
U.S. will soon face second �Great Depression�� , Grantham (who called the bubble) posits� 585 on the S&P
500 (versus today's frothy 852)� There is more hurt in store for the
U.S. equity markets. If you are still thinking of riding this one out, consider
Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of
40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S.
would translate into Dow 2,500. ,�� Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 ��The immortal words of J.P.Morgan remain
apposite as � it is not so much the return on the money as it is the return of
the money� ,� so sell/take
profits while you can and preserve
capital.
(11-11-08)� DOW 8,693.96 -176.58 -1.99% -4% for previous week -15% for the month of October NASDAQ 1,580.90
-35.84 -2.22% -4% for previous week -17% for October S&P 898.95
-20.26 -2.20% -4% for previous week -18% for October [CLOSE- OIL $59.33 (RECORD
TRADING HIGH $147.27) GAS $2.22 (reg. gas in LAND OF FRUITS AND NUTS� $2.65 REG./ $3.26 MID-GRADE/ $3.53 PREM./
$3.08 DIESEL)/ GOLD $731.58/ SILVER $9.75/ PLATINUM $813/ DOLLAR= .79 EURO, 97
YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.76% ..���
��AP Business Highlights �
����������...Yahoo Market
Update... ] Modest losses relative to reality with rally/programmed trades to the
upside into the close to finish off substantially lower lows to keep the
suckers� suckered despite grim economic/business/financial news so still great opportunity to sell/take profits
while you can since much, much worse to come. America is now a nation of bank holding companies (to take advantage of
involuntary taxpayer bailouts), paper hanging wall street frauds (it�s the
worthless multiplicity of securitized and heavily commissioned worthless paper
that is the problem), and brazened ponzi�s (sic) (more, more, and more funds to
keep their commission ball rolling) on wall street; and of course, their marks. Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street
frauds� desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved so sell into rallies/strength/take profits while you can since
much, much worse to come.�� Previous suckers� bear
market rally/programmed trades to the upside into the close to keep the
suckers� suckered so still great opportunity to sell/take profits while you can since
much, much worse to come, as stocks finish only modestly lower relative
to reality on grim economic/business news across the board, viz., b.s.
talking point gives way to reality that China stimulus plan lessens
availability of funds for the purchase of worthless u.s./dollar denominated securities/assets
and may even require sale/redemption of same, GM shares hit 62 year low at
$3.36 as analyst says said shares will go to - 0- (nil, with Ford�s shares at
$1.93), Motek expert points to employment contraction for 15 months in a row
and Conference Board Report regarding said job losses; while another emphasizes
the futility of the bailouts which are get worse/larger in reference to what he
terms slush funds, the bank tax windfall initiated in the dark of night, things
will get progressively worse in the upcoming administration, u.s. spending far
beyond means, and rapidly depreciating u.s. dollars and assets; DHL ending u.s.
ground ops and 9,500 jobs, Security Pacific the 19th u.s. bank failure, etc., Fed's bailout for AIG swells to more than $150B , Fannie posts $29B 3Q loss, $100B may not be enough , Renowned economist Mikhail Khazin : U.S.
will soon face second �Great Depression� .
(11-10-08)� DOW 8,870.54 -73.27 -0.82%-4% for previous week -15% for the month of October NASDAQ 1,616.74 -30.66 -1.86%-4% for previous week -17% for October S&P 919.21 -11.78 -1.27%-4% for previous week -18% for October [CLOSE- OIL $62.41 (RECORD TRADING HIGH $147.27) GAS
$2.53 (reg. gas in LAND OF FRUITS AND NUTS�
$2.65 REG./ $3.26 MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $746.50/
SILVER $10.22/ PLATINUM $859.90/ DOLLAR= .78 EURO, 97 YEN, .63 POUND STERLING,
ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.75% ..��� ��AP Business
Highlights � ����������...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! Suckers� bear
market rally/programmed trades to the upside into the close to keep the
suckers� suckered so still great opportunity to sell/take profits while you can since
much, much worse to come, as stocks finish only modestly lower relative
to reality on grim economic/business news across the board, viz., b.s.
talking point gives way to reality that China stimulus plan lessens
availability of funds for the purchase of worthless u.s./dollar denominated securities/assets
and may even require sale/redemption of same, GM shares hit 62 year low at
$3.36 as analyst says said shares will go to - 0- (nil, with Ford�s shares at
$1.93), Motek expert points to employment contraction for 15 months in a row
and Conference Board Report regarding said job losses; while another emphasizes
the futility of the bailouts which are get worse/larger in reference to what he
terms slush funds, the bank tax windfall initiated in the dark of night, things
will get progressively worse in the upcoming administration, u.s. spending far
beyond means, and rapidly depreciating u.s. dollars and assets; DHL ending u.s.
ground ops and 9,500 jobs, Security Pacific the 19th u.s. bank failure, etc., Fed's bailout for AIG swells to more than $150B , Fannie posts $29B 3Q loss, $100B may not be enough , Renowned economist Mikhail Khazin : U.S.
will soon face second �Great Depression� , bankruptcies, defaults,
foreclosures, hyperinflation around corner on worthless Weimar dollars, etc.. Previous session, sell into these suckers�
bear market
rallies/strength/take profits while you can as much, much worse to come. Much worse
than expected jobs (240,000 lost, unemployment to 6.5%) and auto news
(operating earnings losses of $4 billion for GM and $3 billion for Ford for 3rd
quarter) rallies stocks (riiiiight!), in a largely forgettable Motek business
hour even his oftimes wall street shill expert admitted to his credit that
their was absolutely nothing to account for the rise in stock prices this day
especially in light of the substantially bad and worse than expected news, says
GM has enough cash to last to spring while Ford till summer, and says
volatility for rest of the year. Economist says worse to come as very severe
recession at least through 2009 and into 2010, and also there�s allusion to yet
another taxpayer bailout of auto pension funds and auto co. bankruptcies. The wall
street frauds must be prosecuted and disgorgement required. Jobless rate at 14-year high as above expectation
losses continue��� GM, Ford losses worse than expected, burning cash���� Jobless ranks hit 10 million, most in 25 years�� Ford announces $129M 3Q loss, burns $7.7B in cash�� Jobless rate bolts to 14-year high of 6.5 percent Previous, another modest drop relative to
reality [Grantham (who called the bubble) posits�
585 on the S&P 500 (versus today's frothy 904)� There is more hurt in store
for the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ], downbeat economic data, first-time claims for
unemployment at 25 year high and worse to come, abysmal retail sales worst in 3
decades, unit labor costs rose at a higher than expected 3.6% annual rate as
the ultimately hyperinflationary effects of printing/creating like mad those
worthless Weimar dollars, and weak business prospects, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., so still great
opportunity to sell/take
profits while you can since much, much worse to come. �
(11-7-08)� DOW 8,943.81 +248.02 +2.85% -4% for week -15% for the month of October NASDAQ 1,647.40 +38.70 +2.41% -4% for week -17% for October S&P 930.99 +26.11 +2.89% -4% for week -18% for October [CLOSE- OIL $61.04 (RECORD TRADING HIGH $147.27) GAS $2.53 (reg. gas in LAND OF
FRUITS AND NUTS� $2.65 REG./ $3.26
MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $734.20/ SILVER $10.03/ PLATINUM
$853/ DOLLAR= .78 EURO, 98 YEN, .63 POUND STERLING, ETC. (How low can you go -
LOWER)/ 10 YR NOTE YIELD 3.78% ..���
��AP Business Highlights
������� ����...Yahoo Market
Update... ] Absolutely, Absurdly,
Ridiculous! Sell into
these suckers� bear market rallies/strength/take profits while you can as much, much
worse to come. Much worse than expected jobs (240,000 lost, unemployment
to 6.5%) and auto news (operating earnings losses of $4 billion for GM and $3
billion for Ford for 3rd quarter) rallies stocks (riiiiight!), in a largely
forgettable Motek business hour even his oftimes wall street shill expert
admitted to his credit that their was absolutely nothing to account for the
rise in stock prices this day especially in light of the substantially bad and
worse than expected news, says GM has enough cash to last to spring while Ford
till summer, and says volatility for rest of the year. Economist says worse to
come as very severe recession at least through 2009 and into 2010, and also
there�s allusion to yet another taxpayer bailout of auto pension funds and auto
co. bankruptcies. The wall street frauds must be prosecuted and
disgorgement required. Jobless rate at 14-year high as above expectation
losses continue��� GM, Ford losses worse than expected, burning cash���� Jobless ranks hit 10 million, most in 25 years�� Ford announces $129M 3Q loss, burns $7.7B in cash�� Jobless rate bolts to 14-year high of 6.5 percent Previous, another modest drop relative to
reality [Grantham (who called the bubble) posits�
585 on the S&P 500 (versus today's frothy 904)� There is more hurt in store
for the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. ], downbeat economic data, first-time claims for
unemployment at 25 year high and worse to come, abysmal retail sales worst in 3
decades, unit labor costs rose at a higher than expected 3.6% annual rate as
the ultimately hyperinflationary effects of printing/creating like mad those
worthless Weimar dollars, and weak business prospects, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., so still great
opportunity to sell/take
profits while you can since much, much worse to come. �
(11-6-08)� DOW 8,695.79 -443.48 -4.85% -15% for the month of October NASDAQ 1,608.70� -972.94 -5.3% 17% for October S&P 904.88 �47.89 �5.6% -18% for October [CLOSE- OIL $60.77 (RECORD TRADING HIGH $147.27) GAS $2.53 (reg. gas in LAND OF
FRUITS AND NUTS� $2.65 REG./ $3.26
MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $732.20/ SILVER $10.05/ PLATINUM
$835/ DOLLAR= .77 EURO, 97 YEN, .62 POUND STERLING, ETC. (How low can you go -
LOWER)/ 10 YR NOTE YIELD 3.69% ..���
��AP Business Highlights
������� ����...Yahoo Market
Update... ] Another modest drop relative to reality
[Grantham
(who called the bubble) posits� 585 on the S&P 500 (versus today's frothy
904)� There is more hurt in store for the
U.S. equity markets. If you are still thinking of riding this one out, consider
Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of
40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S.
would translate into Dow 2,500. ], downbeat economic data, first-time claims for unemployment at 25 year
high and worse to come, abysmal retail sales worst in 3 decades, unit labor
costs rose at a higher than expected 3.6% annual rate as the ultimately
hyperinflationary effects of printing/creating like mad those worthless Weimar
dollars, and weak business prospects, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., so still great
opportunity to sell/take
profits while you can since much, much worse to come. �Previous session sees modest drop
relative to reality though record post-election plunge so still great
opportunity to sell/take
profits while you can since much, much worse to come. All news so
bad (reality even worse) that even shill co. ADP can�t hide at least 157,000
lost private sector jobs where deep cuts are necessary, Challenger et als say
layoffs will abound with cuts broad and deep, Motek expert says dismal market
for at least next several weeks but cautious citing some oil, engineering,
utilities, healthcare opportunities with caveat along with some emerging
markets, service sector much weaker than expected and planned layoffs highest
in three decades. Treasury wants to borrow
record $550B... US-led strike kills 36 Afghan civilians U.S. as slowing economy/runaway spending balloons the budget deficit to a record
level to Sell $55
Billion in Long-Term Debt Next Week �Previous session, all news decisively
bad with dollar down, oil up, factory orders declining 2.5% month-over-month after dropping 4.3%
in August, much worse than the 0.8% decline that was expected, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., so sell into rallies/strength/take profits while you can since
much, much worse to come. Previous, ( Worst is yet to come for
economy ) as economic/financial news so bad [ ISM index
shows biggest downturn in economic activity since 1982, corrupt,
scandal-scarred commerce department comes in with 40% better than expected
false construction numbers though still down a hefty .3%, 90% of private
economists say we�re in a recession and we�ll see much more lagging effect to
the downside, realization that bad economic conditions going forward not frozen
credit affecting lending despite their lies/fraud to buttress their fleecing of
the treasury, Motek expert says another washout coming and we�ve not heard the
last of those, ie., banks, companies, brokerages, etc., under the waves] , that
lunatic frauds on wall street develop new b.s. talking point to keep suckers
sucked in to this market so the wall street frauds can keep eating away at
suckers� money by commissioning same, the new talking point being �the
election�. What total b**l s**t! They�re just a bunch of criminally insane
vegetables who can�t do anything that they�re supposed to do well, ie,
economics, finance, accounting, etc., and are hoping to escape accountability
for their crimes. They must be
prosecuted and disgorgement required because 1) It�s the law
and to create a deterrent prospectively 2) Restore credibility and confidence
in prosecutorial, regulatory, government/governmental bodies as opposed to
their being accomplices, and the markets (which are just that; marketplaces,
like fish markets, commodity markets, flea markets, etc., no big deal,
particularly as the frauds operate them)�
3) It�s the right thing to do because of the magnitude of the fraud (in
the hundreds of trillions by some educated assessments) in the many trillions
and the fraud on taxpayers (who have been damaged by their fraud and) by
bailouts that are finding their way into compensation/bonus packages for the
perpetrators ��.
(11-5-08)� DOW 9,139.27 -486.01 -5.05% -15% for the month of October NASDAQ 1,681.64� -98.48 -5.53% 17% for the month S&P 952.77 -52.98 �5.59% -18% for the month [CLOSE- OIL $65.30 (RECORD TRADING HIGH $147.27) GAS
$2.53 (reg. gas in LAND OF FRUITS AND NUTS�
$2.65 REG./ $3.26 MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $742.20/
SILVER $10.26/ PLATINUM $856/ DOLLAR= .77 EURO, 97 YEN, .62 POUND STERLING,
ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.69% ..��� ��AP Business
Highlights ������� ����...Yahoo Market Update... ] Modest drop relative to reality though record
post-election plunge so still great opportunity to sell/take profits while you can since much,
much worse to come. All news so bad (reality even worse) that even
shill co. ADP can�t hide at least 157,000 lost private sector jobs where deep
cuts are necessary, Challenger et als say layoffs will abound with cuts broad
and deep, Motek expert says dismal market for at least next several weeks but
cautious citing some oil, engineering, utilities, healthcare opportunities with
caveat along with some emerging markets, service sector much weaker than
expected and planned layoffs highest in three decades. Treasury wants to borrow
record $550B... US-led strike kills 36 Afghan civilians U.S. as slowing economy/runaway spending balloons the budget deficit to a record
level to Sell $55
Billion in Long-Term Debt Next Week �Previous session, all news decisively
bad with dollar down, oil up, factory orders declining 2.5% month-over-month after dropping 4.3%
in August, much worse than the 0.8% decline that was expected, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., so sell into rallies/strength/take profits while you can since
much, much worse to come.
(11-4-08)� DOW 9,625.28 +305.45 +3.28% -15% for the month of
October NASDAQ 1,780.12 +53.79 +3.12% -17% for the month S&P 1,005.75
+39.45
+4.08% -18% for the month [CLOSE- OIL $70.62 (RECORD TRADING HIGH $147.27) GAS
$2.53 (reg. gas in LAND OF FRUITS AND NUTS�
$2.65 REG./ $3.26 MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $762/
SILVER $10.17/ PLATINUM $845/ DOLLAR= .77 EURO, 98 YEN, .62 POUND STERLING,
ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.76% ..��� ��AP Business
Highlights ������� ����...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! All news
decisively bad with dollar down, oil up, factory orders declining 2.5% month-over-month after dropping
4.3% in August, much worse than the 0.8% decline that was expected, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., so sell into rallies/strength/take profits while you can since
much, much worse to come. Previous, ( Worst is yet to come for
economy ) as economic/financial news so bad [ ISM index
shows biggest downturn in economic activity since 1982, corrupt,
scandal-scarred commerce department comes in with 40% better than expected
false construction numbers though still down a hefty .3%, 90% of private
economists say we�re in a recession and we�ll see much more lagging effect to
the downside, realization that bad economic conditions going forward not frozen
credit affecting lending despite their lies/fraud to buttress their fleecing of
the treasury, Motek expert says another washout coming and we�ve not heard the
last of those, ie., banks, companies, brokerages, etc., under the waves] , that
lunatic frauds on wall street develop new b.s. talking point to keep suckers
sucked in to this market so the wall street frauds can keep eating away at
suckers� money by commissioning same, the new talking point being �the
election�. What total b**l s**t! They�re just a bunch of criminally insane
vegetables who can�t do anything that they�re supposed to do well, ie,
economics, finance, accounting, etc., and are hoping to escape accountability
for their crimes. They must be
prosecuted and disgorgement required because 1) It�s the law
and to create a deterrent prospectively 2) Restore credibility and confidence
in prosecutorial, regulatory, government/governmental bodies as opposed to
their being accomplices, and the markets (which are just that; marketplaces,
like fish markets, commodity markets, flea markets, etc., no big deal,
particularly as the frauds operate them)�
3) It�s the right thing to do because of the magnitude of the fraud (in
the hundreds of trillions by some educated assessments) in the many trillions
and the fraud on taxpayers (who have been damaged by their fraud and) by
bailouts that are finding their way into compensation/bonus packages for the
perpetrators ��.
(11-3-08)� DOW 9,319.83 -5.18 -0.06% -15% for the month NASDAQ 1,726.33 +5.38 +0.31% -17% for the month S&P 966.27
-2.48
-.3% -18% for the month [CLOSE- OIL $63.91 (RECORD TRADING HIGH $147.27) GAS
$2.53 (reg. gas in LAND OF FRUITS AND NUTS�
$2.65 REG./ $3.26 MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $726.80 /
SILVER $9.75/ PLATINUM $826.58/ DOLLAR= .78 EURO, 98 YEN, .63 POUND STERLING,
ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.91% ..��� ��AP Business
Highlights ������� ����...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! Sell into rallies/strength/take profits while
you can as much, much worse to come ( Worst is yet to come for
economy ) as economic/financial news so bad [ ISM index
shows biggest downturn in economic activity since 1982, corrupt,
scandal-scarred commerce department comes in with 40% better than expected
false construction numbers though still down a hefty .3%, 90% of private
economists say we�re in a recession and we�ll see much more lagging effect to
the downside, realization that bad economic conditions going forward not frozen
credit affecting lending despite their lies/fraud to buttress their fleecing of
the treasury, Motek expert says another washout coming and we�ve not heard the
last of those, ie., banks, companies, brokerages, etc., under the waves] , that
lunatic frauds on wall street develop new b.s. talking point to keep suckers
sucked in to this market so the wall street frauds can keep eating away at
suckers� money by commissioning same, the new talking point being �the
election�. What total b**l s**t! They�re just a bunch of criminally insane
vegetables who can�t do anything that they�re supposed to do well, ie,
economics, finance, accounting, etc., and are hoping to escape accountability
for their crimes. They must be
prosecuted and disgorgement required because 1) It�s the law
and to create a deterrent prospectively 2) Restore credibility and confidence
in prosecutorial, regulatory, government/governmental bodies as opposed to
their being accomplices, and the markets (which are just that; marketplaces,
like fish markets, commodity markets, flea markets, etc., no big deal,
particularly as the frauds operate them)�
3) It�s the right thing to do because of the magnitude of the fraud (in
the hundreds of trillions by some educated assessments) in the many trillions
and the fraud on taxpayers (who have been damaged by their fraud and) by
bailouts that are finding their way into compensation/bonus packages for the
perpetrators ��.
(10-31-08)� DOW�
9,325.01 +144.32 +1.57% -15% for the month NASDAQ 1,720.95 +22.43 +1.32% -17% for the month S&P 968.75 +14.66 +1.54%-18% for the month [CLOSE- OIL $67.81 (RECORD
TRADING HIGH $147.27) GAS $2.65 (reg. gas in LAND OF FRUITS AND NUTS� $2.97 REG./ $3.35 MID-GRADE/ $3.65 PREM./
$3.41 DIESEL)/ GOLD $738.51 / SILVER $9.78/ PLATINUM $835/ DOLLAR= .78 EURO, 98
YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.95% ..���
��AP Business Highlights
������� ����...Yahoo Market
Update... ] Absolutely, Absurdly,
Ridiculous! Suckers� bear market rally for window dressing for dismal month and
quarter to keep the suckers suckered in this secular bear market. Are you a
sucker? One in five homeowners owe more than homes are worth, more unemployment
to come, many more defaults personal/commercial, many trillions of previously
commissioned worthless paper still carried/not written down, etc.. One of
Motek�s experts, to his credit, points to reality in saying retreat to cash
(take profits) in rallies as these (rallies on bad news), record declines in
spending, economy has lots of negatives, insurance companies have lots of
negatives, hedge funds liquidating, and importantly, 60% of trades computerized
so great for generating commissions but bad for real value (as this week) and
very volatile; while another expert echoes bear case as spending down across
the board; while another empahasizes bad month on top of bad month for
autos;� while another says 2008 behind
only 1929 and 1987 for bad; and another says no more room for rate cuts, more
regulation, mortgage rates up; and finally, political and economic uncertainty
cited. In sum, u.s.
stocks over-priced and dollar will drop like a stone (excessive
printing/creating/debt), Stocks: A Bear Case ��so
sell into rallies/strength/take profits while you can as much, much worse to
come. Don�t forget, THEY NEED YOUR MONEY TO COMMISSION and the lunatic wall street frauds� desperation
linked to their substantial crimes and booty which must be disgorged through
prosecution . Despite another big advance on Friday, paper
losses in the U.S. stock market came to $2.5 trillion for the month, according
to the Dow Jones Wilshire 5000 Composite Index, which represents nearly all
stocks traded in the United States. The 17.7 percent decline was the worst
since the 23 percent drop in October 1987 and 1929.
(10-30-08)� DOW�
9,180.69
+189.73 +2% -5.4%
for the previous week�� NASDAQ 1,698.52 +41.31� +2% -9.3%
for the previous week�� S&P 954.09 +24� +2% -6.8% for the previous week [CLOSE- OIL $65.96 (RECORD TRADING HIGH $147.27) GAS $2.65 (reg. gas in
LAND OF FRUITS AND NUTS� $3.18 REG./
$3.35 MID-GRADE/ $3.65 PREM./ $3.41 DIESEL)/ GOLD $738.51 / SILVER $9.78/
PLATINUM $835/ DOLLAR= .78 EURO, 97YEN, .61 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 3.96% ..���
��AP Business Highlights
������� ����...Yahoo Market
Update... ] Absolutely, Absurdly,
Ridiculous! Suckers� bear market rally on bad news. U.S.
Economy: GDP Shrinks (even with fake better than expected GDP numbers from
corrupt commerce department) at Fastest Pace Since 2001 The government
falsely reported Thursday that the economy shrank only 0.3 percent in the
July-September period, still a significant slowdown after growth of 2.8 percent
in the prior quarter in the summer, sending the strongest signal yet that a
deep recession has already begun. Consumer spending, which accounts for
two-thirds of the economy, dropped by the largest amount in 28 years in the
third quarter. One expert says multiple levels of things going wrong in u.s.
recession, ie., consumer spending down and declining, housing recession,
fraudulently worthless investments, worthless Weimar dollars that are being
printed/created like mad, etc.. Another expert says fake GDP number in 3rd
quarter does not capture slowdown which will be reflected in 4th quarter with
minimum 2-4% decline. How are these frauds not being prosecuted and forced
disgorgement and preposterously getting taxpayer dollars? The lunatic
wall street frauds� desperation linked to their substantial crimes and booty
which must be disgorged through prosecution, none of the real problems
(trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved so sell into rallies/strength/take profits while you can since
much, much worse to come.
(10-29-08)� DOW�
8,990.96 -74.16� -0.82% -5.4% for the previous week�� NASDAQ
1,657.21� +7.74 +0.47% -9.3% for the previous week�� S&P
930.09 -10.42 -1.11% -6.8% for the previous week [CLOSE- OIL $67.51 (RECORD TRADING HIGH $147.27) GAS $2.65 (reg. gas in
LAND OF FRUITS AND NUTS� $3.18 REG./
$3.35 MID-GRADE/ $3.65 PREM./ $3.41 DIESEL)/ GOLD $755 / SILVER $9.38/ PLATINUM
$826/ DOLLAR= .76 EURO, 98 YEN, .60 POUND STERLING, ETC. (How low can you go -
LOWER)/ 10 YR NOTE YIELD 3.87% ..���
��AP Business Highlights
������� ����...Yahoo Market
Update... ] Absolutely, Absurdly,
Ridiculous! Government (fake) numbers on durables (130% better than
private estimates�I don�t think so!) and prospectively dollar-crushing 50 basis
point rate cut� (discounted b.s. talking
point many times over by market in prior sucker session), 2.7% drop in the dollar, fed heads said the pace of economic activity has
"markedly" slowed as consumer expenditures declined, while inflation
pressures are expected (despite worthlessness of the Weimar dollar) to
(temporarily) moderate due to the (temporary election year) drop in commodity
prices and weaker economic prospects, so still
great opportunity to sell into rallies/strength/take profits while you still
can (like now) since much, much worse to come as all problems remain. Previous
session, all news decisively bad with consumer sentiment far below expected 52%
but realistically at 38%, personal bankruptcies/business bankruptcies up
sharply (Euler Hermes ACI: Substantial Increase In Business
Bankruptcies and worse in 2009 ... , Personal Bankruptcies Increase and 2009 expected to be worse
), Office Vacancy Rates Nationwide Keep Climbing; 2009 will be
worse ... , US consumer debt reaches record levels , U.S. budget deficit swells to record $455 billion | Reuters
, White House projects record deficit for 2009 - CNN.com
, dollar down and dying, record trade deficits, (Lost growth is cumulative. Thanks to the record trade
deficits accumulated over the last 10 years, the U.S. economy is about $1.5
trillion smaller. This comes to about $10000 per worker. The damage grows
larger each month, as the Bush Administration and Democratic Congress dally and
ignore the corrosive consequences of the trade deficit), war
crimes/profiteering and global disdain for america and all things american and
preposterously based on b.s. alone ie., dollar negative talking point of
interest rate decrease (hyperinflationary as will be seen post-election), etc.,
suckers� bear market rally on decidedly bad news, none
of the real problems including many trillions of worthless paper, deficits
budget/trade, hyperinflationary/worthless Weimar dollars being printed like
mad, have even been addressed much less solved (election-year expedience), lunatic wall street frauds desperation linked
to their substantial crimes and booty which must be disgorged through
prosecution,� so sell into
rallies/strength/take profits while you can since much, much worse to come. �
(10-28-08)� DOW�
9,065.12� +889.35 +10.88% -5.4% for the previous week�� NASDAQ 1,649.47�� +143.57�
+9.53% -9.3% for the previous week�� S&P 940.51
+91.59� +10.79% -6.8%
for the previous week [CLOSE- OIL $62.73 (RECORD TRADING HIGH $147.27) GAS $2.65 (reg. gas in
LAND OF FRUITS AND NUTS� $3.18 REG./
$3.35 MID-GRADE/ $3.65 PREM./ $3.41 DIESEL)/ GOLD $745 / SILVER $9.26/ PLATINUM
$803/ DOLLAR= .78 EURO, 97 YEN, .62 POUND STERLING, ETC. (How low can you go -
LOWER)/ 10 YR NOTE YIELD 3.82% ..���
��AP Business Highlights
������� ����...Yahoo Market
Update... ] Absolutely, Absurdly,
Ridiculous! All news decisively bad with consumer sentiment far
below expected 52% but realistically at 38%, personal bankruptcies/business
bankruptcies up sharply (Euler Hermes ACI: Substantial Increase In Business
Bankruptcies and worse in 2009 ... , Personal Bankruptcies Increase and 2009 expected to be worse
), Office Vacancy Rates Nationwide Keep Climbing; 2009 will be
worse ... , US consumer debt reaches record levels , U.S. budget deficit swells to record $455 billion | Reuters
, White House projects record deficit for 2009 - CNN.com
, dollar down and dying, record trade deficits, (Lost growth is cumulative. Thanks to the record trade
deficits accumulated over the last 10 years, the U.S. economy is about $1.5
trillion smaller. This comes to about $10000 per worker. The damage grows
larger each month, as the Bush Administration and Democratic Congress dally and
ignore the corrosive consequences of the trade deficit), war
crimes/profiteering and global disdain for america and all things american and
preposterously based on b.s. alone ie., dollar negative talking point of
interest rate decrease (hyperinflationary as will be seen post-election), etc.,
suckers� bear market rally on decidedly bad news, none
of the real problems including many trillions of worthless paper, deficits
budget/trade, hyperinflationary/worthless Weimar dollars being printed like
mad, have even been addressed much less solved (election-year expedience), lunatic wall street frauds desperation linked
to their substantial crimes and booty which must be disgorged through prosecution,� so sell into rallies/strength/take profits
while you can since much, much worse to come.
(10-27-08)� DOW 8,175.77 -203.18 -2.42% -5.4% for the previous week�� NASDAQ 1,505.90� -46.13 -2.97% -9.3% for the previous week�� S&P 848.92 -27.85 -3.18% -6.8%
for the previous week [CLOSE- OIL $63.22 (RECORD
TRADING HIGH $147.27) GAS $2.65 (reg. gas in LAND OF FRUITS AND NUTS� $3.18 REG./ $3.35 MID-GRADE/ $3.65 PREM./
$3.41 DIESEL)/ GOLD $742.90/ SILVER $9.19 / PLATINUM $791/ DOLLAR= .79 EURO, 93
YEN, .63 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.68% ..���
��AP Business Highlights
������� ����...Yahoo Market
Update... ] Reality from Farrell: Bottom line: You've been scammed: This is total
incompetence, � unethical and criminal. If you put your hard-earned $12,000
under the mattress for the last decade, it would have been worth more than the
$11,671 accumulated in a mutual fund. But actually it's far, far worse! Now if
you also deduct the fund's 5.75% load (and/or commissions) and inflation of
more than 30% the past decade, you see the stock market's a real loser. In
short, after 10 years of blindly trusting the Wall Street's advice about
stocks, it turns out that investing in the stock market is not a money-making
machine, but a big fat greedy black hole that gobbles up your money.�� ECONOMICS GURU:
WORST IS YET TO COME; MARKETS WILL CLOSE FOR UP TO WEEK FROM PANIC...� More from
Grantham: S&P to 585. He called the bubble, how could anyone doubt his
valuation (although even lower is more realistic)? �Jeremy Grantham � (some) benefits to the crisis, including
increasing personal savings, an end to the hedge fund era, a reminder that
government officials are not to be trusted, �among others�Grantham posits� 585
on the S&P 500 (versus today's 877). Frank Motek (back from vacation to
save his business hour � none too soon since his program suffered mightily in
his absence) experts say: lack of liquidity, new homes and home prices downward
trend to continue, expect revisions; another says other nations loaned to u.s.
and getting burned, spending in Europe more difficult to ramp up, $2 TRILLION
more debt, fed buying u.s. debt which is hyperinflationary, consumer maxed out,
grim outlook; another, a wall street shill points to better than expected new
home sales [from scandal scarred/corrupt commerce department�riiiiight �(Home sales rise according to discredited commerce department
relative to revised downward prior months sales (riiiiiight�that�s the way to
work the statistics�at least the prior months fake stats can still be good for
something) but prices sharply fall)] but to his
credit does say there are a pile of concerns including liquidation of
positions, �n carry trades� (sic), yen/dollar disparity; r.e. analyst says
median price for homes still heading down and another says new home sales this
month not sustainable, foreclosures high even with freeze; oil analyst says oil
demand in China down, impacting price; finally, another analyst says temporary
dollar spike because of unwinding of leveraged trades (in dollars),
commodities/assets/metals decline as investors/traders/holders sell off assets
(cover margin calls, redemptions, etc.), u.s. stocks still over-priced and
dollar will drop like a stone (excessive printing/creating/debt), Stocks: A
Bear Case ��so sell into
rallies/strength/take profits while you can as much, much worse to come.
Previous session: you know the worst is yet to come when the so-called wizards
of fraudulent wall street laud the day�s 5-9% decline as a pyrrhic victory
(coulda been worse�..riiiiight!) that is neither victory nor the end of the
downward adjustment to reality and the scope of their fraud, indeed one expert
now points to the realization that america�
has become the exporter of economic weakness/fraud as hedge funds, etc.,
continue to liquidate positions/assets (margin calls, redemptions, etc.) , sell
into rallies/strength/take profits while you can as much worse to come,
(10-24-08)� DOW 8,378.95 -312.30 -3.59% -5.4% for the week� �NASDAQ 1,552.03 -51.88 -3.23% -9.3% for the week�� S&P 876.77 -31.34 -3.45%-6.8% for the week [CLOSE- OIL $64.15(RECORD
TRADING HIGH $147.27) GAS $3.05 (reg. gas in LAND OF FRUITS AND NUTS� $3.20 REG./ $3.58 MID-GRADE/ $3.65 PREM./
$3.88 DIESEL)/ GOLD $734.30/ SILVER $9.37 / PLATINUM $794/ DOLLAR= .79 EURO, 94
YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.69% ..���
��AP Business Highlights
������� ����...Yahoo Market Update...
]� You know the
worst is yet to come when the so-called wizards of fraudulent wall street laud
the day�s 5-9% decline as a pyrrhic victory (coulda been worse�..riiiiight!)
that is neither victory nor the end of the downward adjustment to reality and
the scope of their fraud, indeed one expert now points to the realization that
america� has become the exporter of
economic weakness/fraud as hedge funds, etc., continue to liquidate
positions/assets (margin calls, redemptions, etc.) , sell into rallies/strength/take
profits while you can as much worse to come. , Markets Nosedive on Grim Economic News , World markets sink as recession realities spread ,
79th anniversary of 1929 Wall
Street Crash... �,� previous day suckers�
bear market rally/400 point swing/programmed trades to the upside into the
close on decidedly bad news �I don�t think so!� sell into rallies/strength/take
profits while you can since much, much worse to come� Economist Roubini Predicts Hedge Fund Failures, Panic,
Closed Markets �,� �Job losses accelerating, and the worst is ahead� , Banks borrow record amount
from Fed... �, on
top of previous day�s near 200 point swing to the upside into the close to keep
the suckers suckered as �experts� say: earnings 11% below expectations,
business bad and getting worse, recession, substantial job cuts, big problems
in Europe including writedowns of u.s. originated worthless fraudulent paper /
another says realization source of the now global problems is u.s., fed
throwing money at problems (wall street frauds) but not making it to the
economy, not enough money to cover the negative (fraud) and need for flush out
and adjustment of inflatede/bubble/illusory values, and another says reality
implies 25% decline which is worst since 1937, sell into rallies/strength/take
profits while you can since much, much worse to come.
(10-23-08)� DOW 8,691.25� +172.04� +2.02%�� NASDAQ 1,603.91 -11.84 �-0.73%�� S&P 908.11 +11.33 +1.26% [CLOSE- OIL $67.84 (RECORD
TRADING HIGH $147.27) GAS $3.05 (reg. gas in LAND OF FRUITS AND NUTS� $3.35 REG./ $4.22 MID-GRADE/ $4.65 PREM./
$4.53 DIESEL)/ GOLD $724.20/ SILVER $9.65 / PLATINUM $813/ DOLLAR= .77 EURO, 97
YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.65% ..���
��AP Business Highlights
������� ����...Yahoo Market
Update... ]��
Suckers� bear market rally/400 point swing/programmed trades to the
upside into the close on decidedly bad news �I don�t think so!� sell into
rallies/strength/take profits while you can since much, much worse to come� Economist Roubini Predicts Hedge Fund Failures, Panic,
Closed Markets �,� �Job losses accelerating, and the worst is ahead� , Banks borrow record amount
from Fed... �, on
top of previous day�s near 200 point swing to the upside into the close to keep
the suckers suckered as �experts� say: earnings 11% below expectations,
business bad and getting worse, recession, substantial job cuts, big problems
in Europe including writedowns of u.s. originated worthless fraudulent paper /
another says realization source of the now global problems is u.s., fed
throwing money at problems (wall street frauds) but not making it to the
economy, not enough money to cover the negative (fraud) and need for flush out
and adjustment of inflatede/bubble/illusory values, and another says reality
implies 25% decline which is worst since 1937, sell into rallies/strength/take
profits while you can since much, much worse to come� Recession
Will Last At Least Two Years: Roubini ��,� Recession Now: It's Deep and It's Going to Last a Long Time,
Sonders Says ���;
previous day modest losses relative to reality as only 15% of americans believe
the nation is going in the right direction (what dummies!) which is slightly
more than congress� approval rate and just slightly less than bushes� approval
rate, More banks may fail, IMF warns� , �Weak profit picture and weak/declining economy
worries and fear of being held criminally accountable for their fraud hurt Wall
Street� , sell into
rallies/strength/take profits while you can since much, much worse to come ,
previous day�s suckers� bear market rally on bad or false news as ie., leading
economic indicators up though all economists expected down since major
components thereof (stock prices, manufacturing/industrial indices, employment,
etc.) all down, economy so bad they�re going to print more worthless
hyperinflationary Weimar dollars (that they don�t really have), gave another
$12 billion to AIG on top of the other billions of taxpayer funds, yet none of
the real problems including many trillions of worthless paper, deficits
budget/trade, hyperinflationary/worthless Weimar dollars being printed like
mad, have even been addressed much less solved (election-year expedience) so
sell into rallies/strength/take profits while you can as much worse to come.
(10-22-08) DOW 8,519.21� -514.45 �5.69%� NASDAQ
1,615.75 �80.93 -4.08%� S&P 896.78 -58.27 �6.08% [CLOSE- OIL
$66.75 (RECORD TRADING HIGH $147.27) GAS $3.05 (reg. gas in LAND OF
FRUITS AND NUTS� $3.35 REG./ $4.22
MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $735/ SILVER $9.62 / PLATINUM $835/
DOLLAR= .77 EURO, 97 YEN, .62 POUND STERLING, ETC. (How low can you go -
LOWER)/ 10 YR NOTE YIELD 3.59% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ] Near 200 point swing to the upside into the close to keep
the suckers suckered as �experts� say: earnings 11% below expectations,
business bad and getting worse, recession, substantial job cuts, big problems
in Europe including writedowns of u.s. originated worthless fraudulent paper /
another says realization source of the now global problems is u.s., fed
throwing money at problems (wall street frauds) but not making it to the
economy, not enough money to cover the negative (fraud) and need for flush out
and adjustment of inflatede/bubble/illusory values, and another says reality
implies 25% decline which is worst since 1937, sell into rallies/strength/take
profits while you can since much, much worse to come� Recession
Will Last At Least Two Years: Roubini ��,� Recession Now: It's Deep and It's Going to Last a Long Time,
Sonders Says ���; previous
day modest losses relative to reality as only 15% of americans believe the
nation is going in the right direction (what dummies!) which is slightly more
than congress� approval rate and just slightly less than bushes� approval rate,
More banks may fail, IMF warns� , �Weak profit picture and weak/declining economy
worries and fear of being held criminally accountable for their fraud hurt Wall
Street� , sell into
rallies/strength/take profits while you can since much, much worse to come .
(10-21-08) DOW 9,033.66� -231.77 -2.50%� NASDAQ
1,696.68 -73.35 -4.14%� S&P 955.05 -30.35 -3.08% [CLOSE- OIL
$70.89 (RECORD TRADING HIGH $147.27) GAS $3.05 (reg. gas in LAND OF
FRUITS AND NUTS� $3.35 REG./ $4.22
MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $769.90/ SILVER $10.03 / PLATINUM
$893/ DOLLAR= .7658 EURO, 100 YEN, .58 POUND STERLING, ETC. (How low can you go
- LOWER)/ 10 YR NOTE YIELD 3.89% ..��� ��AP Business Highlights ������� ����...Yahoo Market Update... ] Modest losses relative to reality as only 15% of americans
believe the nation is going in the right direction (what dummies!) which is
slightly more than congress� approval rate and just slightly less than bushes�
approval rate, More banks may fail, IMF warns� , �Weak profit picture and weak/declining economy
worries and fear of being held criminally accountable for their fraud hurt Wall
Street� , sell into
rallies/strength/take profits while you can since much, much worse to come ,
previous day�s suckers� bear market rally on bad or false news as ie., leading
economic indicators up though all economists expected down since major
components thereof (stock prices, manufacturing/industrial indices, employment,
etc.) all down, economy so bad they�re going to print more worthless
hyperinflationary Weimar dollars (that they don�t really have), gave another
$12 billion to AIG on top of the other billions of taxpayer funds, yet none of
the real problems including many trillions of worthless paper, deficits
budget/trade, hyperinflationary/worthless Weimar dollars being printed like
mad, have even been addressed much less solved (election-year expedience) so sell
into rallies/strength/take profits while you can as much worse to come , The
Crumbling U.S. Economy, Worse is Yet to Come �,� Worst slump since
Great Depression ��,�� Rapid Downward Revisions in
Expected Economic Growth �
(10-20-08) 9,265.43� DOW�
+413��� 1,711.29 NASDAQ +58��� 940.55 S&P +44� [CLOSE- OIL $74.25 (RECORD
TRADING HIGH $147.27) GAS $3.05 (reg. gas in LAND OF FRUITS AND NUTS� $3.35 REG./ $4.22 MID-GRADE/ $4.65 PREM./
$4.53 DIESEL)/ GOLD $795/ SILVER $9.73 / PLATINUM $898/ DOLLAR= .74 EURO, 101
YEN, .58 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.89% ..���
��AP Business Highlights
������� ����...Yahoo Market
Update... ] Absolutely, Absurdly, Ridiculous!
Suckers� bear market rally on bad or false news as ie., leading economic
indicators up though all economists expected down since major components
thereof (stock prices, manufacturing/industrial indices, employment, etc.) all
down, economy so bad they�re going to print more worthless hyperinflationary
Weimar dollars (that they don�t really have), gave another $12 billion to AIG
on top of the other billions of taxpayer funds, yet none of the real problems
including many trillions of worthless paper, deficits budget/trade,
hyperinflationary/worthless Weimar dollars being printed like mad, have even
been addressed much less solved (election-year expedience) so sell into
rallies/strength/take profits while you can as much worse to come
(10-17-08) 8,852.22 �DOW�
-127.04� �18.1% for
previous week� 1,711.29 �NASDAQ �6.42� �15.3% for previous week�� 940.55 S&P �5.88� �18.3% for previous week [CLOSE- OIL $69.85 (RECORD
TRADING HIGH $147.27) GAS $3.05 (reg. gas in LAND OF FRUITS AND NUTS� $3.35 REG./ $4.22 MID-GRADE/ $4.65 PREM./
$4.53 DIESEL)/ GOLD $804.50/ SILVER $9.65 / PLATINUM $913/ DOLLAR= .74 EURO, 101
YEN, .57 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.92% ..���
��AP Business Highlights
������� ����...Yahoo Market
Update... ] Absolutely, Absurdly, Ridiculous! Suckers�
500 point swing/programmed trades to the upside into the close to close
modestly lower on much worse than expected news on top of previous suckers�
bear market rally/800 point swing/programmed trades to the upside into the
close on decidedly bad news �I don�t think so! Building starts/permits and new
home sales down 8.3% and 6.3% to worst levels in 17 years, drop in consumer
sentiment highest ever recorded so great opportunity to sell/take profits while
you still can since smart money (and reality) say trend is much lower Billion-Dollar Fund Manager, Dow To Sink To 5,000 �,� Roubini: Dow 7,000 Likely 'Sometime Next Year' ��, Dow Jones Bloodbath Mirroring 1929 Rout �Bottom should be around 27 per cent below �bailout bounce� according to
analyst , since none of the real problems including many trillions of
worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar
dollars being printed like mad, have even been addressed much less solved
(election-year expedience) so sell into rallies/strength/take profits while you
can as much worse to come, (they�re so desperate for b.s./fraudulent talking
points/sizzle to sell that the rumor (Microsoft to buy/destroy Yahoo) sparks
rally though denied by both companies, spin lower prices as positive when
reality is that economic conditions/prospects so bad that demand has
precipitously fallen, Philly fed Index down sharply indicating contraction,
Real Estate/Builders� Index lowest/Worst reading since inception, lunatic wall street frauds desperation
linked to their substantial crimes and booty which must be disgorged through
prosecution, volatility index at new record, previous session reality
trumps the new fraud as markets can�t hide from the plethora of bad economic
news albeit sugar-coated for election year purposes as retail sales down 1.2%
for month and as well, year-over-year and in all regions, beige book says
economic activity down in all regions� Billion-Dollar
Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 ���sell into rallies/strength/take
profits while you can as much worse to come and remember, fool you once,
shame on the wall street frauds who should be in prison, fool you twice, shame
on you and you�re screwed, one expert described the bailout as money
down a black hole� Total Bailout
Cost Heads Towards $5 TRILLION ��, shreve of investors� (shouldn�t that be
traders�) business daily said became negative on market in August and all cash
in September [but previously, 6-3-08, SHREVE OF INVESTORS BUSINESS DAILY
NOW NEGATIVE ON MARKET (YA THINK), WAS BULLISH JUST RECENTLY ENOUGH FOR BULL
TRAP (OR JUST PLAIN BULL CRAP) AND CITES HEDGE FUND SPECULATORS, SUPPLY/DAMAND
FACTORS (OIL RISE, ETC), LEADERSHIP TURNED NEGATIVE WHICH FED MINUTES
CONFIRMED, implying that somewhere in between he was positive ] but to his
credit states we�re in a recession�some quarters of negative growth/contraction
ahead�takes considerable time for fed steps/missteps to take effect�and 7-8%
unemployment, while fed governor janet yellen says we�re in a recession�daaah!,
while another cites consensus that the financial crisis won�t be over anytime
soon�� US confronts reality of long, deep
recession/depression�
,
�� The global economy
is going through a "profound shift" as it deals with the unwinding of
debt leverage, which Todd Harrison, CEO of Minyanville.com
calls "the mother of all bubbles."
As with the tech bubble before them, bubbles in housing, commodities and hedge
funds were all made bigger because of the unfettered use of leverage. The
unwinding process is going to result in a "prolonged period of
socioeconomic malaise," he says, predicting unemployment will rise will
into double-digits before the cycle turns.
� The
most recent batch of economic data certain support a grim outlook:
�
Industrial production plunged 2.8% in September,
the biggest drop since September 1974.
�
The National Association of Home Builders'
housing market index hit a record low.
�
The Fed's October Beige Book showed across-the-board
weakening of activity in all 12 reporting districts.
�
September retail sales fell 1.2%, the biggest drop since
Aug. 2005.
previous session saw modest losses relative to reality
with near 300 point upswing into the close on bad news (to keep the suckers in
� were you a sucker?�the frauds on wall street are counting on it as today�s
session proves) including record budget deficit at $454 billion and much worse
next year, they�re treating symptoms not the problems so good money after bad,
substantial unwinding of derivatives and market manipulation by programmed
stock purchases, u.s. gov�t selling treasuries to finance debacle pushing
interest rates higher so sell/take profits, The Wall Street Coup and the Bailout Scam Bailout $700 billion yet national debt increased by over $1 trillion,They
socialize their losses and privatize their gains �.. How is this
happening?� Paulson Doles Out $125 Billion to Wall Street Elite �What a total
fraud/scam!�� A
Trillion Dollar Bait and Switch: The Bailout and the Smell Test ����This is a secular bear market � check out
the cycles.� �Roubini
Sees Worst Recession in 40 Years, Rally�s End ��, previously Motek�s expert Art Hogan says
crisis not over, daaaaah!, buuuttt and for the first time sounds like a typical
wall street shill and loses all credibility thereby, while another non-Motek
expert says will retest lows which is euphemistically correct while pointing to
comparable spike/decline in 1929 et seq. Great Depression scenario , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink
To 5,000 , �b.s. talking
points and all based upon other nations, Europe and Asia like lemmings again
following america into the abyss (Iraq, etc.) since none of the real problems
including many trillions of worthless paper, deficits budget/trade,
hyperinflationary/worthless Weimar dollars being printed like mad, have even
been addressed much less solved (election-year expedience) so sell into
rallies/strength/take profits while you can as much worse to come and remember,
fool you once, shame on the wall street frauds who should be in prison,
fool you twice, shame on you and you�re screwed, as this and
previous session�s programmed buy trades to keep the suckers sucked in and
commission dollars flowing (the shameless wall street frauds made hundreds of
millions last week and today on high then moderate volume as government/banks
closed for holiday), thousand point swings to the upside- I don�t think so, as
yet again those needful things on wall street get even MORE, MORE, MORE, MORE,
MORE for the poor (not really, in light of the mega billions in fraudulently
derived commissions, bonuses, compensation, which should and must be disgorged
through prosecution) frauds on wall street, retail down, unemployment at
recession levels, modest losses relative to reality so sell into strength/take
profits, get your money out while you can and don�t forget that the worthless
hyperinflationary Weimar dollars they�re printing like mad will, like the
current fraud unraveling, come home to roost�
[Rogers:
Global Bankers Have Unleashed Hyperinflationary Holocaust ] making, assuming arguendo there are,� any wild-eyed purported gains to come
illusory/non-existent at best and further, national (and consumer) debt and
lack of industrial/manufacturing base/trade deficits make previous recovery
comparisons preposterous, Motek�s expert says on-going bear market since 2000
(market down 75% as measured in gold) with continued massive liquidations to
pay off debt and that attempts to reflate with bailouts will fail culminating
in hyperinflationary depression, while another expert says stocks could slug
around at bottom for extended period, while Financial Times Editor says most
volatile day ever, not at tradable bottom, and this was a market crash at �40%
from top. GM shares on credit watch with negative implications
by S&P tumble 31 percent to 58-year low , Roubini: Rate Cuts Temporarily and Minimally Reduce
Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' , dollar down, oil
up, Motek�s expert Bogel of Vanguard fame points to speculative measure for
wall street in 1929 as 280 which is even below and not as bad as the current
measure of 320 in year 2008 indicative of the ridiculousness of the wall street
debacle, It's Not You, It's the Market - Now Officially the
Worst S&P Decline in History �,on top of previous sessions needful things
on wall street saying MORE, taxpayer money to bail them out for their
consummate fraud, etc., MORE now EU/Asian/fed/taxpayers�
cooperation/contribution for their past, present and future frauds, etc., to
keep their ponzi-like scheme of worthless paper moving; how about prosecution,
prison, fines,� and disgorgement for
these mega billion dollar frauds, as 500 point swing to the upside into the
close (get your money out while you can-sell into strength/rallies/take
profits) on yet another b.s. talking point (I don�t think so and neither does Cramer says Get Out Of The Market ) as Motek�s expert
apparently shell-shocked talks in terms of washout levels while another says
bailout will take about 4 weeks to implement and not sure if same will work
[WON�T! There are trillions (some say in the hundreds of trillions) of the
fraudulent worthless paper out there] and points to negative economic
fundamentals and says reduce exposure to equities in favor of ie., money market
treasuries, previous day buy on rumor, sell on news (of fraud bailout) obtains,
fundamentals horrendous as economy loses more than expected 159,000 jobs,
Motek�s economist/expert/trader says serious economic issues remain and cites
�73 to �74 when market fell 45% top to bottom while securities expert says now focus
is on fundamentals and not a pretty picture and cautions about dilution, get
your money out while you can-sell into strength/rallies/take profits-that�s
what they did , previously hopes for fraudulent $4 trillion plus is missing through U.S. federal
agency accounts managed by the NY Fed misguided Not One Dime! �wall street fraud/criminal bailout �Grand Larceny� on a Monumental Scale: Does the Bailout Bill
Mark the End of America as We Know It? �can�t change
reality as unemployment numbers highest in 7 years, factory orders decline to
lowest level in 2 years, food prices with largest increase since 1990, previous 200 point swing to the upside on top of 485 point� previous day gain with all seriously
negative news including sales drops of 16% at GM and 35% at Ford so sell into
these rallies/strength/take profits whil you can, economist Brusca points to grim economic/financial data and outlook
even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink
To 5,000 �, U.S. Sept. ISM manufacturing index plunges to 43.5% (worst
since 1955), Bailout Would Only Prolong Crisis: Jim Rogers �,except for scandal-scarred corrupt commerce
department which reported unexpected rise in consumer sentiment
(riiiiight�things are so hunky-dory), all news decidedly negative with home
prices falling an unexpected record�
16.3 %, etc. Bailout marks
Karl Marx�s comeback �This is not brain surgery and the fraud,
bonuses/compensation (mortgages, subprime and otherwise, are only a relatively
small portion of the fraud/scam providing �cover/collateral� for the worthless
but heavily commissioned paper over and over again in a multiplicity of different
forms of worthless paper) in the mega-billions should first be disgorged before
taxpayers are forced to pony up and pay the frauds again for their fraud which
caused the problem in the first instance, must be prosecuted. It should also
be noted that despite the rhetoric, the wall street bailout will NOT solve the
crisis or eliminate the economic pain except to make permanent the fraudulent
wealth transfer to the most well healed heals/frauds/criminals in the nation
who caused the so-called crisis by their greed/corruption/fraud.�� All news decisively negative as WaMu becomes biggest bank to fail in US history (AP),
GDP revised downward to 2.8% in second quarter (the market previously rallied
on the false news and rallies again on the true bad news), only 30% at most
support the taxpayer bailout of the wall street frauds so count on tax revolts
as predicted by experts if the same passes , Sell into any rallies/take profits
as all problems remain and will be exacerbated by the fact that the vast
majority of taxpayers rationally and correctly opposed the bailout of the wall
street criminals who benefited from the fraud. Reaction has been fast and
furious 9-28-08[2:38 am]; take a look at some initial comments. Sell into any
strength/take profits because with bank failures and raids on taxpayer funds
and reckless printing like mad of worthless Weimar dollars and fake
data/reports and lies this is worse than recession/bear market, �New Home Sales Plunged 11.5% to 17-Year Low and home
inventories up, jobless claims up and durable goods orders down far more than
expected, home prices drop by record 9.5%, existing home sales down 2.2% as
they continue to foist the wall street criminal/fraud bailout on taxpayers
which Bloomberg now pegs at a cost of $5
trillion while other economists/experts say hundreds of trillions [which
means $700 billion down the tubes into the pockets of the wall street criminals
(make them pay) who created the mess through their greed/fraud/scams and who�ve
already reaped huge financial sums in the many billions through
compensation/bonuses (mortgages, subprime and otherwise, are only a relatively
small portion of the fraud/scam providing �cover/collateral� for the worthless but
heavily commissioned paper over and over again in a multiplicity of different
forms of worthless paper]; Motek�s financial expert, Financial Times Business
Editor cites thoroughly gloomy economic picture globally and u.s. particularly,
record levels of borrowing from fed, even with passage of bailout dire
economic/financial scenario will remain, and axiomatic �buy on the rumor, sell
on the news� picture for stocks while his expert/economist/investor/entertainer
(Ben Stein) says outrageous to bail out wall street criminals who should be in
prison [and who should pay back/disgorge the hundreds of billions they�ve been
scamming by repackaging/recollateralizing commissioning and reselling of which
fraud/bubble I�ve been warning for over 5 years on this site-indeed they even
have been exempted by congress for RICO liability and meaningfully lawless
application of other laws as I reiterate in my RICO
Summary under penalty of perjury to the FBI at their request including RICO
violations by Sam Alito, former u.s. attorney (District of new jersey) who
parlayed obstruction of justice (I�ve sworn to this regarding drug-money
laundering) into judicial appointments to the 3rd circuit court of appeals with
maryanne trump (Barry) and now the so-called supreme court (he should have gone
to jail) justice; how could anyone even listen to bush (WMD�s in Iraq-I also
warned against that debacle/fraud/war crimes/profiteering) ] and he further
says let the ceo�s go and some of the failed institutions fail condemning the
outrageousness of the lack of oversight in this huge fraud/wealth transfer; and
hanky panky paulson the wall street shill whose $50 million in blind trust and
$20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so� great opportunity to sell/take profits while
you still can. One democrat said that with
3 months remaining in war criminal (remember the lies) bush�s lamentable failed
presidency the grab based on fear that bailout of the criminals who caused the
problem and made huge sums from their heavily commissioned fraud will avoid
what already is can only be deemed another fraudulent wealth transfer akin to
the war crimes in Iraq, which budget-busting conflict is also part of america�s
problem, is preposterous on it�s face.A
republican said that the so-called over-sight provision utilizes a standard of
judicial review that would render impossible any purported review/abrogation
(and after the fact at that) of paulson�s largesse to his bro�s on wall street
and bush buddies. �Mike Stathis The Market Oracle September
22, 2008� As far as I�m concerned, anyone who doesn�t conduct a full
investigation of this charade leading to several CEOs and other executives in
prison with all of their assets being shuttled into America�s bailout fund
doesn�t have what it takes to lead America anywhere except on its current
course � downward. But it doesn�t really matter at this point anyway.
Washington and the greedy bankers have ensured the end of what was once a great
and proud nation filled with hope and opportunity. � , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit �,�
Financial terrorism: US taxpayers bail out Wall Street
criminals , A Bailout to Nowhere ��,�Cramer had said the astonishing 779-point
rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up
since all real news remains decisively negative as leading indicators fall, unemployment claims rise,
but� suckers� bear market rally b**l
s**t talking points without realistic, legitimate, sound foundation previously
rallied stocks in nearly 600 point swing to the upside as wall street
shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer
paid for by taxpayers (yet another bailout � tax revolts as predicted by
trendsresearch.com are a coming � McCain is quite right that land of fruits and
nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress
critters, former Fed mob bosses want a public boondoggle along the line of the
Resolution Trust Corp. to bailout the banksters) and
insurmountably increasing the defacto bankrupt government�s debt� in favor of the very well-healed
perpetrators of the fraud who should be prosecuted and forced to disgorge their
ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the
ill-advised united soviet socialist states of america plan to have
taxpayers pay for the wall street fraud, and then there was the ridiculous
spike from fed�s announced printing/creating more worthless Weimar dollars
($180 billion - All Roads Lead To Hyperinflation ) which even
coupled with foreign contributions does not even register a blip of difference
in light of the magnitude of the amount of debt, $14 trillion private/$15
trillion public, much of which must be written down/off/non-performing . Don�t
be wall street�s (churn and earn) fool; time for them to pay up; time for you
to sell/take profits/cut losses! Housing construction
plunges 6.2 pct. in August�
,� Worst is yet to come,
investment strategist warns (at MarketWatch) �, more gov�t bailout
taxpayer money with ever more worthless Weimar dollars (fed printing/creating
them like mad) proves the only lunatics (yes, the full moon) are not limited to
those lunatic fraudulent wall street needful things who should be prosecuted
and forced to disgorge their ill-gotten gains, as united soviet socialist
states of america (who built up communist china so who could have expected
less)� takes 80% stake in AIG, spreads
widening as piles of worthless debt/securities/collateral unwind so sell into
these suckers� bear market rallies as all problems remain US Economy:
Rudderless and Reeling From Direct Hits �, Federal bank
insurance fund dwindling , More Socialism for
the Bankers: Fed to �Loan� AIG $85 Billion , economy so bad oil
demand own, so cut your losses/take whatever gains/get your money out while you
still can as industrial output down much greater than expected 1.1% (for the
prior month) , Meltdown in US finance
system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial
meltdown spreads , Wall Street mauled by
Lehman bankruptcy, AIG fears ,� highest year over year foreclosures on record,
retail down .3% while inventories up, as bad news spurs over 150 point swing to
the upside into the close which shows irrationally fraudulent markets trying to
keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% �, CBOE Put-Call Ratio Indicates Negative Outlook ,
Get Ready For the S&P 500 to Break Below 1200 ,
WaMu cut to "junk," sees $4.5
billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession,
Job Losses , August
foreclosures hit another record high , federal/trade
deficits among other bad news worse than expected which previously rallied
stocks (riiiiight!) on over 300 point swing to the upside (I don�t think
so)� so sell into these ephemeral
rallies/"strength�, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year
sugar/fake reports as Pending home sales fall more than expected 3.2%
, Fannie/Freddie fail, federal takeover, taxpayer bailout (which the
frauds on wall street cheer since they believe their fraudulent gains, many
billions worth, might not be touched - they should be disgorged through
prosecution) as defacto bankrupt government to commit� $100 billion each to insolvent fannie/freddie ($200 billion they
really don�t have to start with), very ridiculous so sell into ephemeral
rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of
Crooks And Incompetents" �(more to follow this update on 9-7-08) suckers� bear
market/short-covering rally into the close on 200 point swing to the upside (riiiiight)
on very bad news,� nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to
6.1%,� THE
LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports
, �Home
foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as
reality bites with all news bad (except for fake news) and worse than expected
with new unemployment claims up more than 15,000 on top of terrible
back-to-school shopping/retail numbers, though still sugar-coated for election year
as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over
by feds, August ISM Index down below 50
indicating contraction, construction spending fell a
larger-than-expected 0.6%, and spending down to lowest
level in 3 years with income declining .7% in contrast to previous day�s
suckers� bear market rally on light volume so great time to sell/take profits
while you can since all problems remain] Election-year feel good typically
false/embellished at best temporary report on GDP 58% better than private
forecasts along with that bastion of american credibility, the scandal scarred
prevaricating commerce department comes through with fraudulent talking point
for the wall street frauds with durable goods numbers exceeding private economist
estimates by 400% (I don�t think so!), as one of Motek�s experts says GDP
number from government, at best temporary blip from rebate stimulous (those
election-year monies/printed Weimar dollars debt-ridden u.s. doesn�t really
have) and multi-national exports on weak dollar, seventh staight monthly
decline in payrolls in this real recession, and continued problems in financial
sector/real estate/defaults/writedowns; while another� seasoned expert says doesn�t look good particularly for third and
fourth quarters. Motek�s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury
], second largest quarterly loss on record from thrifts at $5.4
billion, Fannie/Freddie fail the performance test, and precipitous fall in
leading economic indicators indicative of deeper/longer recession that we�re
already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly
spin the record real estate price declines on high volume of� foreclosure sales/high unsold inventories,
high inflation as other than the economic debacle it is, Motek�s expert
reiterates reality of this bear market, that stocks will resume slide, good
time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie
bailout/gov�t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com)
]
as loan defaults extend losses in sub-prime, to now prime, commercial, student
loans, credit cards, even as inflation up, and outlook very bleak. Previously,
another bank failure, but they say existing home sales up greater than expected
3.1%�but from auction/foreclosure sales (40%), prices down 7% (-22% in land of
fruits and nuts) and inventories of for sale/unsold homes at new record high
since tracking began in 1968 and worse to come, Chicago index of manufacturing
down indicating further economic weakness and Motek�s expert says �put�
activity indicates at least 10-15% more downside from here/government bailout
ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad
beyond expectations though fudged to upside for election year and yet bernanke
who is printing worthless hyperinflationary Weimar dollars like mad soothed
(gives them fraudulent talking point) the frauds on wall street saying
essentially the economy is so bad inflation less of a problem (and no interest
rate hike-old news because of economic weakness and bad for dollar) sparking
suckers bear market rally on light volume, Buffett: We're
still in a recession, leading indicators down .7%,
unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great
opportunity to sell/take profits since all problems remain and dollar
mini-spike short-lived though some fluctuations to upside on speculation other
economies will tank.�� Wholesale prices: Highest
annual rate in 27 years . The
Strong Dollar Illusion . Housing starts and building
permits posted steep declines. That hub of global manufacturing buzzing
(riiiiight!) as empire state index as measured by private economists expected
to fall -4.2% but is reported up +2.8% (almost 300% better-I don�t think so,
and don�t buy the Brooklyn bridge, watches, swamp land in jersey, etc.),
inflation news double expectations Bracing for
Inflation August 15, 2008 (BusinessWeek Growing evidence
suggests American consumers, businesspeople, and political leaders should all
be bracing for double-digit inflation, probably as early as 2009), real estate
falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at
recession levels, etc.,. Note the rotation into the obscure world of so-called
tech which provides, as in prior such ploys (ie., dot-com bust, more recent
bust, etc.) the world street frauds with the ability to sell the sizzle since
investors and americans generally don�t understand it (ie., iphones are a joke
where the so-called �computer� is merely a restrictor of usual computer
functions now tied into apple products and government shill co att, and anyone
who pays the premium for apple products is a fool), and all news bad albeit
fudged to the upside in this election year.�
Fake trade figures, more writedowns/bad debt, still great opportunity to
sell/take profits. Just another frothy day in the rabidly fraudulent lunatic
world of wall street and great opportunity to sell/take profits since all
problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia �
don�t believe american lies/propaganda to the contrary) is frauds friend,
repeat three times to understand fraudulent wall street euphoria over diversion
(Georgia conflict) from their massive fraud which brought much greater than
expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee
Republican ) and triple-digit decline to triple digit
upswing so especially great opportunity to sell/take profits as glass-half-full
kind of frauds point to increase in (foreclosure/auction/forced) home sales
(riiiiight!) while they can no longer�
hide substantially increased unemployment, etc., economy so bad oil
demand declining which is shill point for next stage of (new) wall street
fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid
for with complicit government, executive/legislative/judicial branches/fed.
Great opportunity to sell/take profits since all problems remain as real
numbers indicate previous decline in GDP though falsely reported as gain,
greater unemployment (watch for fake numbers from government) and much more
downside to come as stocks previously rallied on sharp increase in oil prices
and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING
FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY
LAUNDERING PLAYING BALL (I�M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL
STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and
short-covering. The Dow
Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking
Alpha �AP Business Highlights A private research group
says that Americans remain the most pessimistic about the economy since the
tail end of the last prolonged recession 16 years ago. But economists warn that
the slight uptick, which reverses a six-month slide since January, is likely to
be only temporary and doesn't signal the beginning of a rally�Yahoo� the survey only has weak correlation with actual spending,
so Briefing.com
does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking
Alpha, Housing report bruises frauds on wall street with reality
but false report from corrupt, scandal-scarred, criminal commerce department
(contrary to all expectations and contrary to all regional fed manufacturing
indices which declined) provides fake report and fraudulent lift . Great Opportunity
to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated
assets as all problems remain. El-Erian: Buy more foreign stocksEven
in this century's darkest days of recession and war, U.S. households kept on
spending. But one of the smartest investors on the planet says the American
consumer is finally out of steam. Even if, and it is not, oil were the only
problem, the same is just a disruption away from a spike. Suckers� bear
market/short-covering rally based on bull s**t alone, this time by wall street
shill paulson whose bailout rhetoric brings �irrational exuberance� since wall
street frauds should be prosecuted, required to disgorge ill-gotten gains, and
jailed since they�re the ones who benefited and are escaping accountability by
the bailout. Except for multi-nationals and corporate welfare recipients (ie.,
Lockheed, etc.), greater than expected losses in not millions but billions
rallied the stocks. Remember, these are huge financial institutions unlike the
tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense
of taxpayers). Leading indicators revised down (after �election year keep the
incumbents� fake report). What do you expect the wall street frauds/criminals
who should be held accountable and the failed (and illegal- constitution would
have to be amended to enable Fed to print those worthless Weimar dollars with
now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to
say; admit they royally f**ked up, etc.,�
better than expected very bad news, ie., Citibank loses only $2.5
billion, hyperinflation, over 200%� more
(suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly
eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull
s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities
between 1929 and 2008 terrifying �[In just the
month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq
lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while
the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down
14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their
high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%;
and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the
start of a bear market � although many analysts say Wall Street already has a
bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first
chart second
chart).] FAKE GOV�T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS�
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS)
WHILE YOU CAN, ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON NEGATIVE NEWS
(PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND
BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION
THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO)
ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS
FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET� FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT
TO SAYING IF YOUR MOTHER HAD WHEELS SHE�D BE A TROLLEY CAR.� [eND OF FIRST QUARTER DOW �8%, nASDAQ-14%,
AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008:
The Great Depression. �High Likelihood of a Market Crash Similarities
between 1929 and 2008 terrifying �I WARNED AGAINST
THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED
OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN
DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL).
SUCKERS� BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST
DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS
UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K
HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING
DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE).
JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND
HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE
FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH
THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY,
GEOPOLITICALLY. Bank issues
global stock and credit crash alert... Write Offs
to Top $1.3 Trillion.Who didn�t see this coming? The Next Crisis: 'Credit Default Swaps'--
Subprime is a Just a 'Vorspeise' . 5 REASONS WHY
THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT
DEPRESSION, SAYS IMF. VIX
TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL �YAHOO
FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO
MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS
TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV�T REPORTS, suckers�
bear market rally into the close, Analysts say
more U.S. banks will fail �Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel
Soon Fannie Plan a `Disaster' to
Rogers; Goldman Says Sell �, why would anyone hold/invest in dollars (deficits, trade and
budget substantial, economic growth declining) so sell/take profits, if you�re
smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors
were encouraged by the possibility of more contributions to their fraud, and
Paulson says things are not as bad as the reports in this election year; he�s
right; they�re much worse! Remember greenspan�s perpetual envy of all the world
speeches; now Bernanke printing hyperinflationary Weimar dollars like mad;
they�re dreaming. Similarities
between 1929 and 2008 terrifying �U.S. stocks post sharp weekly losses; bear market that
already is now said nears , Stocks tumble as more bad economic news piles up,
Wave of bad news sends Dow down nearly 360, Sales of new homes
tumbled for the sixth time in seven months in May while median prices kept
plunging, American Express sees worsening credit conditions, but fake
government report of higher than expected oil inventories (riiiiight!) rallies
stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low
, BlackRock sees global slowdown
worsening in 2009 , DOWNGRADES OF
BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC,
MBIA, AMERICA�S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES
ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY
POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED
AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A
GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND
PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW
YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE� PLUNGING, HOME BUILDERS� CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS
BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT
OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28
YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES
(IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL
TO THE UPSIDE� GOING FORWARD AS LESS
ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO
INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES
ARE WORSE THAN REPORTED (HE�S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP
MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH
REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000,
RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS
SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE�S A LITTLE
COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE
QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE
SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA,
VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND
ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER
PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE
COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS
THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH
OIL PRICES,�� BERNANKE JAWBONES DOLLAR
UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE
INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST
SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE
FALSE DATA,� IE., 6-5-08 UNEMPLOYMENT
CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS
INCLUDING� HOME EQUITY AT LOWEST LEVELS
SINCE WW2,� DOWNGRADES ON FINANCIALS
INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE
FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE
(ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE FOR A PRICE/FAVOR) WITH
THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE
SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS
EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP
SHARPLY, BIG DISCOUNTERS� GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH
SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING
CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION),
AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT,
LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD� �14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO
CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD
NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN
BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT
ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55%
BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I�M SURPRISED AT THE LOW PERCENTAGE
RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV�T REPORT
REVISING FIRST QUARTER GROWTH TO .9%�
(SUUUUURE� YOU THINK THE �WHAT HAPPENED� REVELATIONS, SUBSTANTIVELY
REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE
FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE � GREAT � RIIIIIGHT.
ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER
CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM
OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD
PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS.� DON�T FORGET: THIS ELECTION YEAR PRINT AND
SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE
DATA/REPORTS, ETC., CAN�T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE
FANTASY BUBBLE WILL BURST POST ELECTION. Bank issues
global stock and credit crash alert... Write Offs
to Top $1.3 Trillion.Who didn�t see this coming? �The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch �More doom for global economy �Visualizing Dow 6,000 ��] ...Yahoo Market Update... �..��
��AP Business Highlights
������� U.S. Economy: The Worst is Yet to
Come , U.S. Bank Failures Loom ,�� New reports give bleak
outlook on housing, economy, Foreclosures hit a record high � and more
coming,� Ford readies white-collar layoffs as sales tumble While GM
Shutters 4 North american Factories/Lays off Workers (Reuters), �April insured mortgage defaults rise (Reuters))�� ��
(10-16-08) 8,979 DOW� +401�
�18.1% for previous week� 1,717 NASDAQ +89� �15.3% for previous week�� 946 S&P +38� �18.3% for previous week [CLOSE- OIL $69.85 (RECORD
TRADING HIGH $147.27) GAS $3.35 (reg. gas in LAND OF FRUITS AND NUTS� $3.45 REG./ $4.22 MID-GRADE/ $4.65 PREM./
$4.53 DIESEL)/ GOLD $804.50/ SILVER $9.65 / PLATINUM $913/ DOLLAR= .73 EURO, 99
YEN, .565 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.96% ..� � ��AP Business Highlights ������� ����...Yahoo Market Update... ] Absolutely, Absurdly,
Ridiculous! Suckers� bear market rally/800 point swing/programmed trades to the
upside into the close on decidedly bad news �I don�t think so! Great
opportunity to sell/take profits while you still can since smart money (and
reality) say trend is much lower Billion-Dollar Fund Manager, Dow To Sink To 5,000 �,� Roubini: Dow 7,000 Likely 'Sometime Next Year' ��, Dow Jones Bloodbath Mirroring 1929 Rout �Bottom should be around 27 per cent below
�bailout bounce� according to analyst , since none of the real problems including
many trillions of worthless paper, deficits budget/trade,
hyperinflationary/worthless Weimar dollars being printed like mad, have even
been addressed much less solved (election-year expedience) so sell into
rallies/strength/take profits while you can as much worse to come, (they�re so desperate for b.s./fraudulent
talking points/sizzle to sell that the rumor (Microsoft to buy/destroy Yahoo)
sparks rally though denied by both companies, spin lower prices as positive
when reality is that economic conditions/prospects so bad that demand has
precipitously fallen, Philly fed Index down sharply indicating contraction, Real
Estate/Builders� Index lowest/Worst reading since inception, lunatic wall street frauds desperation linked
to their substantial crimes and booty which must be disgorged through
prosecution, volatility index at new record, previous session reality
trumps the new fraud as markets can�t hide from the plethora of bad economic
news albeit sugar-coated for election year purposes as retail sales down 1.2%
for month and as well, year-over-year and in all regions, beige book says
economic activity down in all regions� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink
To 5,000 ���sell into
rallies/strength/take profits while you can as much worse to come and remember,
fool you once, shame on the wall street frauds who should be in prison,
fool you twice, shame on you and you�re screwed, one expert
described the bailout as money down a black hole� Total Bailout Cost Heads Towards $5 TRILLION ��, shreve of investors� (shouldn�t that be
traders�) business daily said became negative on market in August and all cash
in September [but previously, 6-3-08, SHREVE OF INVESTORS BUSINESS DAILY
NOW NEGATIVE ON MARKET (YA THINK), WAS BULLISH JUST RECENTLY ENOUGH FOR BULL
TRAP (OR JUST PLAIN BULL CRAP) AND CITES HEDGE FUND SPECULATORS, SUPPLY/DAMAND
FACTORS (OIL RISE, ETC), LEADERSHIP TURNED NEGATIVE WHICH FED MINUTES
CONFIRMED, implying that somewhere in between he was positive ] but to his
credit states we�re in a recession�some quarters of negative growth/contraction
ahead�takes considerable time for fed steps/missteps to take effect�and 7-8%
unemployment, while fed governor janet yellen says we�re in a recession�daaah!,
while another cites consensus that the financial crisis won�t be over anytime
soon�� US confronts reality of long, deep
recession/depression�
,
�� The global economy is going through a
"profound shift" as it deals with the unwinding of debt leverage,
which Todd
Harrison, CEO of Minyanville.com calls "the mother of all bubbles."
As with the tech bubble before them, bubbles in housing, commodities and hedge
funds were all made bigger because of the unfettered use of leverage. The
unwinding process is going to result in a "prolonged period of
socioeconomic malaise," he says, predicting unemployment will rise will
into double-digits before the cycle turns.
� The
most recent batch of economic data certain support a grim outlook:
previous
session saw modest losses relative to reality with near 300 point upswing into
the close on bad news (to keep the suckers in � were you a sucker?�the frauds
on wall street are counting on it as today�s session proves) including record
budget deficit at $454 billion and much worse next year, they�re treating
symptoms not the problems so good money after bad, substantial unwinding of
derivatives and market manipulation by programmed stock purchases, u.s. gov�t
selling treasuries to finance debacle pushing interest rates higher so
sell/take profits, The Wall Street Coup and the Bailout Scam Bailout $700
billion yet national debt increased by over $1 trillion,They socialize
their losses and privatize their gains �.. How is this happening?� Paulson Doles Out $125 Billion to Wall Street Elite �What a total
fraud/scam!�� A
Trillion Dollar Bait and Switch: The Bailout and the Smell Test ����This is a
secular bear market � check out the cycles.�� Roubini
Sees Worst Recession in 40 Years, Rally�s End ��, previously Motek�s expert Art Hogan says
crisis not over, daaaaah!, buuuttt and for the first time sounds like a typical
wall street shill and loses all credibility thereby, while another non-Motek
expert says will retest lows which is euphemistically correct while pointing to
comparable spike/decline in 1929 et seq. Great Depression scenario , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 , �b.s. talking points and all
based upon other nations, Europe and Asia like lemmings again following america
into the abyss (Iraq, etc.) since none of the real problems including many
trillions of worthless paper, deficits budget/trade,
hyperinflationary/worthless Weimar dollars being printed like mad, have even
been addressed much less solved (election-year expedience) so sell into
rallies/strength/take profits while you can as much worse to come and remember,
fool you once,
shame on the wall street frauds who should be in prison, fool you twice, shame
on you and you�re screwed, as this and previous session�s programmed buy trades to keep the
suckers sucked in and commission dollars flowing (the shameless wall street
frauds made hundreds of millions last week and today on high then moderate
volume as government/banks closed for holiday), thousand point swings to the
upside- I don�t think so, as yet again those needful things on wall street get
even MORE, MORE, MORE, MORE, MORE for the poor (not really, in light of the
mega billions in fraudulently derived commissions, bonuses, compensation, which
should and must be disgorged through prosecution) frauds on wall street, retail
down, unemployment at recession levels, modest losses relative to reality so
sell into strength/take profits, get your money out while you can and don�t
forget that the worthless hyperinflationary Weimar dollars they�re printing
like mad will, like the current fraud unraveling, come home to roost� [Rogers:
Global Bankers Have Unleashed Hyperinflationary Holocaust ] making, assuming arguendo there are,� any wild-eyed purported gains to come
illusory/non-existent at best and further, national (and consumer) debt and
lack of industrial/manufacturing base/trade deficits make previous recovery
comparisons preposterous, Motek�s expert says on-going bear market since 2000
(market down 75% as measured in gold) with continued massive liquidations to
pay off debt and that attempts to reflate with bailouts will fail culminating
in hyperinflationary depression, while another expert says stocks could slug
around at bottom for extended period, while Financial Times Editor says most
volatile day ever, not at tradable bottom, and this was a market crash at �40%
from top. GM shares on credit watch with negative implications
by S&P tumble 31 percent to 58-year low , Roubini: Rate Cuts Temporarily and Minimally Reduce
Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' , dollar down, oil up, Motek�s expert Bogel
of Vanguard fame points to speculative measure for wall street in 1929 as 280
which is even below and not as bad as the current measure of 320 in year 2008
indicative of the ridiculousness of the wall street debacle, It's Not You, It's the Market - Now Officially the
Worst S&P Decline in History �,on
top of previous sessions needful things on wall street saying MORE, taxpayer
money to bail them out for their consummate fraud, etc., MORE now
EU/Asian/fed/taxpayers� cooperation/contribution for their past, present and
future frauds, etc., to keep their ponzi-like scheme of worthless paper moving;
how about prosecution, prison, fines,�
and disgorgement for these mega billion dollar frauds, as 500 point
swing to the upside into the close (get your money out while you can-sell into
strength/rallies/take profits) on yet another b.s. talking point (I don�t think
so and neither does Cramer says Get Out Of The Market ) as Motek�s expert apparently shell-shocked talks in terms of washout
levels while another says bailout will take about 4 weeks to implement and not
sure if same will work [WON�T! There are trillions (some say in the hundreds of trillions) of
the fraudulent worthless paper out there] and points to negative economic fundamentals and says reduce
exposure to equities in favor of ie., money market treasuries, previous day buy
on rumor, sell on news (of fraud bailout) obtains, fundamentals horrendous as
economy loses more than expected 159,000 jobs, Motek�s economist/expert/trader
says serious economic issues remain and cites �73 to �74 when market fell 45%
top to bottom while securities expert says now focus is on fundamentals and not
a pretty picture and cautions about dilution, get your money out while you
can-sell into strength/rallies/take profits-that�s what they did , previously
hopes for fraudulent $4 trillion plus is
missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! �wall street fraud/criminal bailout �Grand Larceny� on a Monumental Scale: Does the Bailout
Bill Mark the End of America as We Know It? �can�t change reality as unemployment numbers highest in 7 years,
factory orders decline to lowest level in 2 years, food prices with largest
increase since 1990, previous 200 point swing to the upside on top
of 485 point� previous day gain with all
seriously negative news including sales drops of 16% at GM and 35% at Ford so
sell into these rallies/strength/take profits whil you can, economist Brusca
points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 �, U.S. Sept. ISM manufacturing index plunges to 43.5% (worst
since 1955), Bailout Would Only Prolong Crisis: Jim Rogers �,except for scandal-scarred corrupt commerce department which
reported unexpected rise in consumer sentiment (riiiiight�things are so hunky-dory),
all news decidedly negative with home prices falling an unexpected record� 16.3 %, etc. Bailout marks
Karl Marx�s comeback �This is not brain surgery and the fraud,
bonuses/compensation (mortgages, subprime and otherwise, are only a relatively
small portion of the fraud/scam providing �cover/collateral� for the worthless
but heavily commissioned paper over and over again in a multiplicity of different
forms of worthless paper) in the mega-billions should first be disgorged before
taxpayers are forced to pony up and pay the frauds again for their fraud which
caused the problem in the first instance, must be prosecuted. It should also
be noted that despite the rhetoric, the wall street bailout will NOT solve the
crisis or eliminate the economic pain except to make permanent the fraudulent
wealth transfer to the most well healed heals/frauds/criminals in the nation
who caused the so-called crisis by their greed/corruption/fraud.�� All news decisively negative as WaMu becomes biggest bank to fail in US history (AP),
GDP revised downward to 2.8% in second quarter (the market previously rallied
on the false news and rallies again on the true bad news), only 30% at most support the taxpayer
bailout of the wall street frauds so count on tax revolts as predicted by
experts if the same passes , Sell
into any rallies/take profits as all problems remain and will be exacerbated by
the fact that the vast majority of taxpayers rationally and correctly opposed
the bailout of the wall street criminals who benefited from the fraud. Reaction
has been fast and furious 9-28-08[2:38 am]; take a look at some initial
comments. Sell into any strength/take profits because
with bank failures and raids on taxpayer funds and reckless printing like mad
of worthless Weimar dollars and fake data/reports and lies this is worse than
recession/bear market, �New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up
and durable goods orders down far more than expected, home prices drop by
record 9.5%, existing home sales down 2.2% as they continue to foist the wall
street criminal/fraud bailout on taxpayers which Bloomberg
now pegs at a cost of $5 trillion while other economists/experts say
hundreds of trillions [which means $700 billion down the tubes into the pockets
of the wall street criminals (make them pay) who created the mess through their
greed/fraud/scams and who�ve already reaped huge financial sums in the many
billions through compensation/bonuses (mortgages, subprime and otherwise, are
only a relatively small portion of the fraud/scam providing �cover/collateral�
for the worthless but heavily commissioned paper over and over again in a
multiplicity of different forms of worthless paper]; Motek�s financial expert,
Financial Times Business Editor cites thoroughly gloomy economic picture
globally and u.s. particularly, record levels of borrowing from fed, even with
passage of bailout dire economic/financial scenario will remain, and axiomatic
�buy on the rumor, sell on the news� picture for stocks while his
expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out
wall street criminals who should be in prison [and who should pay back/disgorge
the hundreds of billions they�ve been scamming by repackaging/recollateralizing
commissioning and reselling of which fraud/bubble I�ve been warning for over 5
years on this site-indeed they even have been exempted by congress for RICO
liability and meaningfully lawless application of other laws as I reiterate in
my RICO Summary under penalty of perjury to the
FBI at their request including RICO violations by Sam Alito, former u.s.
attorney (District of new jersey) who parlayed obstruction of justice (I�ve
sworn to this regarding drug-money laundering) into judicial appointments to
the 3rd circuit court of appeals with maryanne trump (Barry) and now the
so-called supreme court (he should have gone to jail) justice; how could anyone
even listen to bush (WMD�s in Iraq-I also warned against that debacle/fraud/war
crimes/profiteering) ] and he further says let the ceo�s go and some of the failed
institutions fail condemning the outrageousness of the lack of oversight in
this huge fraud/wealth transfer; and hanky panky paulson the wall street shill
whose $50 million in blind trust and $20 million in vanguard benefits from this
bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so�
great opportunity to sell/take profits while you still can. One
democrat said that with 3 months remaining in war criminal (remember the lies)
bush�s lamentable failed presidency the grab based on fear that bailout of the
criminals who caused the problem and made huge sums from their heavily
commissioned fraud will avoid what already is can only be deemed another
fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting
conflict is also part of america�s problem, is preposterous on it�s face.A
republican said that the so-called over-sight provision utilizes a standard of
judicial review that would render impossible any purported review/abrogation
(and after the fact at that) of paulson�s largesse to his bro�s on wall street
and bush buddies. �Mike
Stathis The Market Oracle September 22, 2008� As far as I�m concerned, anyone
who doesn�t conduct a full investigation of this charade leading to several
CEOs and other executives in prison with all of their assets being shuttled
into America�s bailout fund doesn�t have what it takes to lead America anywhere
except on its current course � downward. But it doesn�t really matter at this
point anyway. Washington and the greedy bankers have ensured the end of what
was once a great and proud nation filled with hope and opportunity. � , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit �,�
Financial terrorism: US taxpayers bail out Wall Street
criminals , A Bailout to Nowhere ��,�Cramer had said the astonishing 779-point
rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up
since all real news remains decisively negative as leading indicators fall, unemployment claims rise,
but� suckers� bear market rally b**l
s**t talking points without realistic, legitimate, sound foundation previously
rallied stocks in nearly 600 point swing to the upside as wall street
shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer
paid for by taxpayers (yet another bailout � tax revolts as predicted by
trendsresearch.com are a coming � McCain is quite right that land of fruits and
nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt
Nimmo | Congress critters, former Fed mob bosses want a public
boondoggle along the line of the Resolution Trust Corp. to bailout the
banksters) and
insurmountably increasing the defacto bankrupt government�s debt� in favor of the very well-healed
perpetrators of the fraud who should be prosecuted and forced to disgorge their
ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching
the ill-advised united
soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then
there was the ridiculous spike from fed�s announced printing/creating more
worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign
contributions does not even register a blip of difference in light of the
magnitude of the amount of debt, $14 trillion private/$15 trillion public, much
of which must be written down/off/non-performing . Don�t be wall street�s
(churn and earn) fool; time for them to pay up; time for you to sell/take
profits/cut losses! Housing construction
plunges 6.2 pct. in August� ,� Worst
is yet to come, investment strategist warns (at MarketWatch) �,
more gov�t bailout taxpayer money with ever more worthless Weimar dollars (fed
printing/creating them like mad) proves the only lunatics (yes, the full moon)
are not limited to those lunatic fraudulent wall street needful things who
should be prosecuted and forced to disgorge their ill-gotten gains, as united
soviet socialist states of america (who built up communist china so who could
have expected less)� takes 80% stake in
AIG, spreads widening as piles of worthless debt/securities/collateral unwind
so sell into these suckers� bear market rallies as all problems remain US Economy:
Rudderless and Reeling From Direct Hits �, Federal bank
insurance fund dwindling , More Socialism for
the Bankers: Fed to �Loan� AIG $85 Billion , economy so bad oil demand own, so cut your
losses/take whatever gains/get your money out while you still can as industrial
output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance
system pummels stock market , Rogers: Dollar To Lose World Reserve Status ,
AIG downgraded as financial
meltdown spreads , Wall Street mauled by
Lehman bankruptcy, AIG fears ,�
highest year over year foreclosures on record, retail down .3% while
inventories up, as bad news spurs over 150 point swing to the upside into the
close which shows irrationally fraudulent markets trying to keep suckers sucked
in for their commissioning pleasure, Bullish Sentiment Drops 30% �, CBOE Put-Call Ratio Indicates Negative Outlook ,
Get Ready For the S&P 500 to Break Below 1200 ,
WaMu cut to "junk," sees $4.5
billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession,
Job Losses , August
foreclosures hit another record high , federal/trade deficits among other bad
news worse than expected which previously rallied stocks (riiiiight!) on over
300 point swing to the upside (I don�t think so)� so sell into these ephemeral rallies/"strength�, Lehman
shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop
below 9,000,
election-year sugar/fake reports as Pending home sales fall more than expected 3.2%
, Fannie/Freddie
fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer
since they believe their fraudulent gains, many billions worth, might not be
touched - they should be disgorged through prosecution) as defacto bankrupt
government to commit� $100 billion each
to insolvent fannie/freddie ($200 billion they really don�t have to start
with), very ridiculous so sell into ephemeral rallies/"strength"
since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of
Crooks And Incompetents" �(more to follow this
update on 9-7-08) suckers� bear market/short-covering rally into the close on
200 point swing to the upside (riiiiight) on very bad news,� nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to
6.1%,� THE
LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports
, �Home
foreclosures reach record high , and keep in mind frauds/scams
like wall street today invariably unravel as reality bites with all news bad
(except for fake news) and worse than expected with new unemployment claims up
more than 15,000 on top of terrible back-to-school shopping/retail numbers,
though still sugar-coated for election year as sales at GM down 20% Ford down
26%, bankruptcies up, credit union taken over by feds, August ISM Index
down below 50 indicating contraction, construction
spending fell a larger-than-expected 0.6%, and spending
down to lowest level in 3 years with income declining .7% in contrast to
previous day�s suckers� bear market rally on light volume so great time to
sell/take profits while you can since all problems remain] Election-year feel
good typically false/embellished at best temporary report on GDP 58% better
than private forecasts along with that bastion of american credibility, the
scandal scarred prevaricating commerce department comes through with fraudulent
talking point for the wall street frauds with durable goods numbers exceeding
private economist estimates by 400% (I don�t think so!), as one of Motek�s
experts says GDP number from government, at best temporary blip from rebate
stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s.
doesn�t really have) and multi-national exports on weak dollar, seventh staight
monthly decline in payrolls in this real recession, and continued problems in
financial sector/real estate/defaults/writedowns; while another� seasoned expert says doesn�t look good
particularly for third and fourth quarters. Motek�s expert says FDIC might have
to borrow from treasury [ FDIC may borrow money from
Treasury ], second largest quarterly loss on record from thrifts at $5.4
billion, Fannie/Freddie fail the performance test, and precipitous fall in
leading economic indicators indicative of deeper/longer recession that we�re
already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real
estate price declines on high volume of�
foreclosure sales/high unsold inventories, high inflation as other than
the economic debacle it is, Motek�s expert reiterates reality of this bear
market, that stocks will resume slide, good time to sell since pricey/frothy at
avg. 24 P/E, that Freddie/Fannie bailout/gov�t. takeover inevitable, more troubled
banks [ FDIC's Problem Banks List Balloons (at TheStreet.com)
] as loan defaults
extend losses in sub-prime, to now prime, commercial, student loans, credit
cards, even as inflation up, and outlook very bleak. Previously, another bank
failure, but they say existing home sales up greater than expected 3.1%�but
from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and
nuts) and inventories of for sale/unsold homes at new record high since
tracking began in 1968 and worse to come, Chicago index of manufacturing down
indicating further economic weakness and Motek�s expert says �put� activity
indicates at least 10-15% more downside from here/government bailout ot
fannie/freddie inevitable and f/f stock worthless as all news decisively bad
beyond expectations though fudged to upside for election year and yet bernanke
who is printing worthless hyperinflationary Weimar dollars like mad soothed
(gives them fraudulent talking point) the frauds on wall street saying
essentially the economy is so bad inflation less of a problem (and no interest
rate hike-old news because of economic weakness and bad for dollar) sparking
suckers bear market rally on light volume, Buffett: We're
still in a recession, leading
indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take
profits since all problems remain and dollar mini-spike short-lived though some
fluctuations to upside on speculation other economies will tank.�� Wholesale prices: Highest
annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep
declines. That hub of
global manufacturing buzzing (riiiiight!) as empire state index as measured by
private economists expected to fall -4.2% but is reported up +2.8% (almost 300%
better-I don�t think so, and don�t buy the Brooklyn bridge, watches, swamp land
in jersey, etc.), inflation news double expectations Bracing for
Inflation
August 15, 2008 (BusinessWeek Growing evidence suggests American
consumers, businesspeople, and political leaders should all be bracing for
double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation
into the obscure world of so-called tech which provides, as in prior such ploys
(ie., dot-com bust, more recent bust, etc.) the world street frauds with the
ability to sell the sizzle since investors and americans generally don�t
understand it (ie., iphones are a joke where the so-called �computer� is merely
a restrictor of usual computer functions now tied into apple products and
government shill co att, and anyone who pays the premium for apple products is a
fool), and all news bad albeit fudged to the upside in this election year.� Fake trade figures, more writedowns/bad
debt, still great opportunity to sell/take profits. Just another frothy day in
the rabidly fraudulent lunatic world of wall street and great opportunity to
sell/take profits since all problems remain and dollar mini-spike short-lived.
Fog of war ( U.S. Attacks Russia Through Client State Georgia �
don�t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to
understand fraudulent wall street euphoria over diversion (Georgia conflict)
from their massive fraud which brought much greater than expected losses at
fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee
Republican ) and triple-digit decline to triple digit upswing so especially great
opportunity to sell/take profits as glass-half-full kind of frauds point to
increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can
no longer� hide substantially increased
unemployment, etc., economy so bad oil demand declining which is shill point
for next stage of (new) wall street fraud/commissioned churn and earn scam
which the taxpayers just underwrote/paid for with complicit government,
executive/legislative/judicial branches/fed. Great opportunity to sell/take
profits since all problems remain as real numbers indicate previous decline in
GDP though falsely reported as gain, greater unemployment (watch for fake
numbers from government) and much more downside to come as stocks previously
rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT
UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON
PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE
FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED,
UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The
Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from
Seeking Alpha �AP Business Highlights A private research group says that Americans remain
the most pessimistic about the economy since the tail end of the last prolonged
recession 16 years ago. But economists warn that the slight uptick, which
reverses a six-month slide since January, is likely to be only temporary and
doesn't signal the beginning of a rally�Yahoo� the
survey only has weak correlation with actual spending, so Briefing.com
does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality
but false report from corrupt, scandal-scarred, criminal commerce department
(contrary to all expectations and contrary to all regional fed manufacturing
indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as
Reality trumps bull s**t! Sell dollar denominated assets as all problems
remain. El-Erian: Buy more foreign stocksEven in this century's
darkest days of recession and war, U.S. households kept on spending. But one of
the smartest investors on the planet says the American consumer is finally out
of steam. Even if, and
it is not, oil were the only problem, the same is just a disruption away from a
spike. Suckers� bear market/short-covering rally based on bull s**t alone, this
time by wall street shill paulson whose bailout rhetoric brings �irrational
exuberance� since wall street frauds should be prosecuted, required to disgorge
ill-gotten gains, and jailed since they�re the ones who benefited and are
escaping accountability by the bailout. Except for multi-nationals and
corporate welfare recipients (ie., Lockheed, etc.), greater than expected
losses in not millions but billions rallied the stocks. Remember, these are
huge financial institutions unlike the tiny S&Ls of the last banking
fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators
revised down (after �election year keep the incumbents� fake report). What do
you expect the wall street frauds/criminals who should be held accountable and
the failed (and illegal- constitution would have to be amended to enable Fed to
print those worthless Weimar dollars with now even failed Fannie and Freddie
getting some with taxpayer bailout) Fed to say; admit they royally f**ked up,
etc.,� better than expected very bad
news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200%� more (suuuuure!) than expected oil
inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad
less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE
PROFITS WHILE YOU CAN!] Similarities
between 1929 and 2008 terrifying �[In just the month of June, the Dow
dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the
quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an
anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost
12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October,
the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%.
A 20% drop from a market peak is considered the start of a bear market �
although many analysts say Wall Street already has a bear market mentality
(because the bear market already is. Some chart data/numbers on
bear markets: first chart second chart).] FAKE GOV�T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS�
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE
PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON
NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED
REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE
HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL
GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS
HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET� FOCUS/DEFLECTION ON CORE INFLATION IS A
SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE�D BE A
TROLLEY CAR.� [eND OF FIRST QUARTER DOW
�8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA
2008: The Great Depression. �High
Likelihood of a Market Crash Similarities
between 1929 and 2008 terrifying �I
WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR
POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN
AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO
STRENGTH/TAKE PROFITS/SELL). SUCKERS� BEAR MARKET/SHORT COVERING RALLY/NEW
BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE
PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9
INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER
(1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO
NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS
DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS
AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS
SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO
RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT
DEPRESSION, SAYS IMF. VIX
TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL �YAHOO
FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS
NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR
DOLLAR TO FRAUD TO FAKE GOV�T REPORTS, suckers� bear market rally
into the close, Analysts say
more U.S. banks will fail �Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel
Soon Fannie Plan a `Disaster' to
Rogers; Goldman Says Sell �, why would anyone hold/invest in dollars (deficits, trade and
budget substantial, economic growth declining) so sell/take profits, if you�re
smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors
were encouraged by the possibility of more contributions to their fraud, and
Paulson says things are not as bad as the reports in this election year; he�s
right; they�re much worse! Remember greenspan�s perpetual envy of all the world
speeches; now Bernanke printing hyperinflationary Weimar dollars like mad;
they�re dreaming. Similarities
between 1929 and 2008 terrifying �U.S. stocks post sharp weekly losses; bear market that
already is now said nears , Stocks tumble as more bad economic news piles up,
Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth
time in seven months in May while median prices kept plunging, American Express
sees worsening credit conditions, but fake government report of higher than
expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low
, BlackRock sees global slowdown
worsening in 2009 , DOWNGRADES OF
BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC,
MBIA, AMERICA�S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES
ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY
POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED
AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A
GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND
PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW
YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE� PLUNGING, HOME BUILDERS� CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS
BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT
OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28
YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES
(IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL
TO THE UPSIDE� GOING FORWARD AS LESS
ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO
INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES
ARE WORSE THAN REPORTED (HE�S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP
MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH
REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000,
RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS
SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE�S A LITTLE
COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE
SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE
SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA,
VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND
ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER
PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE
COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS
THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH
OIL PRICES,�� BERNANKE JAWBONES DOLLAR
UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE
INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST
SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE
FALSE DATA,� IE., 6-5-08 UNEMPLOYMENT
CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS
INCLUDING� HOME EQUITY AT LOWEST LEVELS
SINCE WW2,� DOWNGRADES ON FINANCIALS
INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE
FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE
(ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE FOR A PRICE/FAVOR) WITH
THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE
SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS
EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP
SHARPLY, BIG DISCOUNTERS� GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH
SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING
CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION),
AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT,
LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD� �14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO
CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD
NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN
BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT
ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55%
BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I�M SURPRISED AT THE LOW PERCENTAGE
RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV�T REPORT
REVISING FIRST QUARTER GROWTH TO .9%�
(SUUUUURE� YOU THINK THE �WHAT HAPPENED� REVELATIONS, SUBSTANTIVELY
REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE
FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE � GREAT � RIIIIIGHT.
ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER
CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM
OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE
ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS.�
DON�T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR
DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN�T
CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST
POST ELECTION. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? �The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch �More doom for global economy �Visualizing Dow 6,000 ��] ...Yahoo Market Update... �..��
��AP Business Highlights
������� U.S. Economy: The Worst is Yet to
Come , U.S. Bank Failures Loom ,�� New reports give bleak
outlook on housing, economy, Foreclosures hit a record high � and more
coming,� Ford readies white-collar layoffs as sales tumble While GM
Shutters 4 North american Factories/Lays off Workers (Reuters), �April insured mortgage defaults rise (Reuters)�� ����
(10-15-08)
8,577.91 DOW�
-733.08� �18.1% for
previous week� 1,628.33 NASDAQ �150.68� �15.3% for previous week�� 907.84 S&P
�90.17� �18.3% for
previous week [CLOSE- OIL $74.54 (RECORD TRADING HIGH $147.27) GAS $3.35 (reg.
gas in LAND OF FRUITS AND NUTS� $3.45
REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $839.51/ SILVER $10.10
/ PLATINUM $945/ DOLLAR= .73 EURO, 99 YEN, .565 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.95% ..�� ��AP
Business Highlights ������� ����] Reality
bites again and trumps the new fraud as markets can�t hide from the plethora of
bad economic news albeit sugar-coated for election year purposes as retail
sales down 1.2% for month and as well, year-over-year and in all regions, beige
book says economic activity down in all regions� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink
To 5,000 ���sell into
rallies/strength/take profits while you can as much worse to come and remember,
fool you once, shame on the wall street frauds who should be in prison,
fool you twice, shame on you and you�re screwed, one expert
described the bailout as money down a black hole� Total Bailout Cost Heads Towards $5 TRILLION ��, shreve of investors� (shouldn�t that be
traders�) business daily said became negative on market in August and all cash
in September [but previously, 6-3-08, SHREVE OF INVESTORS BUSINESS DAILY
NOW NEGATIVE ON MARKET (YA THINK), WAS BULLISH JUST RECENTLY ENOUGH FOR BULL
TRAP (OR JUST PLAIN BULL CRAP) AND CITES HEDGE FUND SPECULATORS, SUPPLY/DAMAND FACTORS
(OIL RISE, ETC), LEADERSHIP TURNED NEGATIVE WHICH FED MINUTES CONFIRMED,
implying that somewhere in between he was positive ] but to his
credit states we�re in a recession�some quarters of negative growth/contraction
ahead�takes considerable time for fed steps/missteps to take effect�and 7-8%
unemployment, while fed governor janet yellen says we�re in a recession�daaah!,
while another cites consensus that the financial crisis won�t be over anytime
soon�� US confronts reality of long, deep
recession/depression�
, previous session saw modest losses relative to reality with near 300
point upswing into the close on bad news (to keep the suckers in � were you a
sucker?�the frauds on wall street are counting on it as today�s session proves)
including record budget deficit at $454 billion and much worse next year,
they�re treating symptoms not the problems so good money after bad, substantial
unwinding of derivatives and market manipulation by programmed stock purchases,
u.s. gov�t selling treasuries to finance debacle pushing interest rates higher
so sell/take profits, The Wall Street Coup and the Bailout Scam Bailout $700
billion yet national debt increased by over $1 trillion,They socialize
their losses and privatize their gains �.. How is this happening?� Paulson Doles Out $125 Billion to Wall Street Elite �What a total
fraud/scam!�� A
Trillion Dollar Bait and Switch: The Bailout and the Smell Test ����This is a
secular bear market � check out the cycles.�� Roubini
Sees Worst Recession in 40 Years, Rally�s End ��, previously Motek�s expert Art Hogan says
crisis not over, daaaaah!, buuuttt and for the first time sounds like a typical
wall street shill and loses all credibility thereby, while another non-Motek
expert says will retest lows which is euphemistically correct while pointing to
comparable spike/decline in 1929 et seq. Great Depression scenario , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 , �b.s. talking points and all
based upon other nations, Europe and Asia like lemmings again following america
into the abyss (Iraq, etc.) since none of the real problems including many
trillions of worthless paper, deficits budget/trade,
hyperinflationary/worthless Weimar dollars being printed like mad, have even
been addressed much less solved (election-year expedience) so sell into
rallies/strength/take profits while you can as much worse to come and remember,
fool you once,
shame on the wall street frauds who should be in prison, fool you twice, shame
on you and you�re screwed, as this and previous session�s programmed buy trades to keep the
suckers sucked in and commission dollars flowing (the shameless wall street
frauds made hundreds of millions last week and today on high then moderate
volume as government/banks closed for holiday), thousand point swings to the
upside- I don�t think so, as yet again those needful things on wall street get
even MORE, MORE, MORE, MORE, MORE for the poor (not really, in light of the
mega billions in fraudulently derived commissions, bonuses, compensation, which
should and must be disgorged through prosecution) frauds on wall street, retail
down, unemployment at recession levels, modest losses relative to reality so
sell into strength/take profits, get your money out while you can and don�t
forget that the worthless hyperinflationary Weimar dollars they�re printing
like mad will, like the current fraud unraveling, come home to roost� [Rogers:
Global Bankers Have Unleashed Hyperinflationary Holocaust ] making, assuming arguendo there are,� any wild-eyed purported gains to come
illusory/non-existent at best and further, national (and consumer) debt and
lack of industrial/manufacturing base/trade deficits make previous recovery
comparisons preposterous, Motek�s expert says on-going bear market since 2000
(market down 75% as measured in gold) with continued massive liquidations to
pay off debt and that attempts to reflate with bailouts will fail culminating
in hyperinflationary depression, while another expert says stocks could slug
around at bottom for extended period, while Financial Times Editor says most
volatile day ever, not at tradable bottom, and this was a market crash at �40%
from top. GM shares on credit watch with negative implications
by S&P tumble 31 percent to 58-year low , Roubini: Rate Cuts Temporarily and Minimally Reduce
Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' , dollar down, oil up, Motek�s expert Bogel
of Vanguard fame points to speculative measure for wall street in 1929 as 280
which is even below and not as bad as the current measure of 320 in year 2008
indicative of the ridiculousness of the wall street debacle, It's Not You, It's the Market - Now Officially the
Worst S&P Decline in History �,on
top of previous sessions needful things on wall street saying MORE, taxpayer
money to bail them out for their consummate fraud, etc., MORE now
EU/Asian/fed/taxpayers� cooperation/contribution for their past, present and
future frauds, etc., to keep their ponzi-like scheme of worthless paper moving;
how about prosecution, prison, fines,�
and disgorgement for these mega billion dollar frauds, as 500 point
swing to the upside into the close (get your money out while you can-sell into
strength/rallies/take profits) on yet another b.s. talking point (I don�t think
so and neither does Cramer says Get Out Of The Market ) as Motek�s expert apparently shell-shocked talks in terms of washout
levels while another says bailout will take about 4 weeks to implement and not
sure if same will work [WON�T! There are trillions (some say in the hundreds of trillions) of
the fraudulent worthless paper out there] and points to negative economic fundamentals and says reduce
exposure to equities in favor of ie., money market treasuries, previous day buy
on rumor, sell on news (of fraud bailout) obtains, fundamentals horrendous as
economy loses more than expected 159,000 jobs, Motek�s economist/expert/trader
says serious economic issues remain and cites �73 to �74 when market fell 45%
top to bottom while securities expert says now focus is on fundamentals and not
a pretty picture and cautions about dilution, get your money out while you
can-sell into strength/rallies/take profits-that�s what they did , previously
hopes for fraudulent $4 trillion plus is
missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! �wall street fraud/criminal bailout �Grand Larceny� on a Monumental Scale: Does the Bailout
Bill Mark the End of America as We Know It? �can�t change reality as unemployment numbers highest in 7 years,
factory orders decline to lowest level in 2 years, food prices with largest
increase since 1990, previous 200 point swing to the upside on top
of 485 point� previous day gain with all
seriously negative news including sales drops of 16% at GM and 35% at Ford so
sell into these rallies/strength/take profits whil you can, economist Brusca
points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 �, U.S. Sept. ISM manufacturing index plunges to 43.5% (worst
since 1955), Bailout Would Only Prolong Crisis: Jim Rogers �,except for scandal-scarred corrupt commerce department which
reported unexpected rise in consumer sentiment (riiiiight�things are so
hunky-dory), all news decidedly negative with home prices falling an unexpected
record� 16.3 %, etc. Bailout marks
Karl Marx�s comeback �This is not brain surgery and the fraud,
bonuses/compensation (mortgages, subprime and otherwise, are only a relatively
small portion of the fraud/scam providing �cover/collateral� for the worthless
but heavily commissioned paper over and over again in a multiplicity of
different forms of worthless paper) in the mega-billions should first be disgorged
before taxpayers are forced to pony up and pay the frauds again for their fraud
which caused the problem in the first instance, must be prosecuted. It
should also be noted that despite the rhetoric, the wall street bailout will
NOT solve the crisis or eliminate the economic pain except to make permanent
the fraudulent wealth transfer to the most well healed heals/frauds/criminals
in the nation who caused the so-called crisis by their greed/corruption/fraud.�� All news decisively negative as WaMu becomes biggest bank to fail in US history (AP),
GDP revised downward to 2.8% in second quarter (the market previously rallied
on the false news and rallies again on the true bad news), only 30% at most support the taxpayer
bailout of the wall street frauds so count on tax revolts as predicted by
experts if the same passes , Sell
into any rallies/take profits as all problems remain and will be exacerbated by
the fact that the vast majority of taxpayers rationally and correctly opposed
the bailout of the wall street criminals who benefited from the fraud. Reaction
has been fast and furious 9-28-08[2:38 am]; take a look at some initial
comments. Sell into any strength/take profits because
with bank failures and raids on taxpayer funds and reckless printing like mad
of worthless Weimar dollars and fake data/reports and lies this is worse than
recession/bear market, �New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up
and durable goods orders down far more than expected, home prices drop by
record 9.5%, existing home sales down 2.2% as they continue to foist the wall
street criminal/fraud bailout on taxpayers which Bloomberg
now pegs at a cost of $5 trillion while other economists/experts say
hundreds of trillions [which means $700 billion down the tubes into the pockets
of the wall street criminals (make them pay) who created the mess through their
greed/fraud/scams and who�ve already reaped huge financial sums in the many
billions through compensation/bonuses (mortgages, subprime and otherwise, are
only a relatively small portion of the fraud/scam providing �cover/collateral�
for the worthless but heavily commissioned paper over and over again in a
multiplicity of different forms of worthless paper]; Motek�s financial expert,
Financial Times Business Editor cites thoroughly gloomy economic picture
globally and u.s. particularly, record levels of borrowing from fed, even with
passage of bailout dire economic/financial scenario will remain, and axiomatic
�buy on the rumor, sell on the news� picture for stocks while his
expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out
wall street criminals who should be in prison [and who should pay back/disgorge
the hundreds of billions they�ve been scamming by repackaging/recollateralizing
commissioning and reselling of which fraud/bubble I�ve been warning for over 5
years on this site-indeed they even have been exempted by congress for RICO
liability and meaningfully lawless application of other laws as I reiterate in
my RICO Summary under penalty of perjury to the
FBI at their request including RICO violations by Sam Alito, former u.s.
attorney (District of new jersey) who parlayed obstruction of justice (I�ve
sworn to this regarding drug-money laundering) into judicial appointments to
the 3rd circuit court of appeals with maryanne trump (Barry) and now the
so-called supreme court (he should have gone to jail) justice; how could anyone
even listen to bush (WMD�s in Iraq-I also warned against that debacle/fraud/war
crimes/profiteering) ] and he further says let the ceo�s go and some of the
failed institutions fail condemning the outrageousness of the lack of oversight
in this huge fraud/wealth transfer; and hanky panky paulson the wall street
shill whose $50 million in blind trust and $20 million in vanguard benefits
from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so�
great opportunity to sell/take profits while you still can. One
democrat said that with 3 months remaining in war criminal (remember the lies)
bush�s lamentable failed presidency the grab based on fear that bailout of the
criminals who caused the problem and made huge sums from their heavily
commissioned fraud will avoid what already is can only be deemed another
fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting
conflict is also part of america�s problem, is preposterous on it�s face.A
republican said that the so-called over-sight provision utilizes a standard of
judicial review that would render impossible any purported review/abrogation
(and after the fact at that) of paulson�s largesse to his bro�s on wall street
and bush buddies. �Mike
Stathis The Market Oracle September 22, 2008� As far as I�m concerned, anyone
who doesn�t conduct a full investigation of this charade leading to several
CEOs and other executives in prison with all of their assets being shuttled
into America�s bailout fund doesn�t have what it takes to lead America anywhere
except on its current course � downward. But it doesn�t really matter at this
point anyway. Washington and the greedy bankers have ensured the end of what
was once a great and proud nation filled with hope and opportunity. � , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit �,�
Financial terrorism: US taxpayers bail out Wall Street
criminals , A Bailout to Nowhere ��,�Cramer had said the astonishing 779-point
rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up
since all real news remains decisively negative as leading indicators fall, unemployment claims rise,
but� suckers� bear market rally b**l
s**t talking points without realistic, legitimate, sound foundation previously
rallied stocks in nearly 600 point swing to the upside as wall street
shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer
paid for by taxpayers (yet another bailout � tax revolts as predicted by
trendsresearch.com are a coming � McCain is quite right that land of fruits and
nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt
Nimmo | Congress critters, former Fed mob bosses want a public
boondoggle along the line of the Resolution Trust Corp. to bailout the
banksters) and
insurmountably increasing the defacto bankrupt government�s debt� in favor of the very well-healed perpetrators
of the fraud who should be prosecuted and forced to disgorge their ill-gotten
gains (bonuses, etc., in the multi-billions) before even broaching the
ill-advised united
soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then
there was the ridiculous spike from fed�s announced printing/creating more
worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign
contributions does not even register a blip of difference in light of the
magnitude of the amount of debt, $14 trillion private/$15 trillion public, much
of which must be written down/off/non-performing . Don�t be wall street�s
(churn and earn) fool; time for them to pay up; time for you to sell/take
profits/cut losses! Housing construction
plunges 6.2 pct. in August� ,� Worst
is yet to come, investment strategist warns (at MarketWatch) �,
more gov�t bailout taxpayer money with ever more worthless Weimar dollars (fed
printing/creating them like mad) proves the only lunatics (yes, the full moon)
are not limited to those lunatic fraudulent wall street needful things who
should be prosecuted and forced to disgorge their ill-gotten gains, as united
soviet socialist states of america (who built up communist china so who could
have expected less)� takes 80% stake in
AIG, spreads widening as piles of worthless debt/securities/collateral unwind
so sell into these suckers� bear market rallies as all problems remain US Economy:
Rudderless and Reeling From Direct Hits �, Federal bank
insurance fund dwindling , More Socialism for
the Bankers: Fed to �Loan� AIG $85 Billion , economy so bad oil demand own, so cut your
losses/take whatever gains/get your money out while you still can as industrial
output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance
system pummels stock market , Rogers: Dollar To Lose World Reserve Status ,
AIG downgraded as financial
meltdown spreads , Wall Street mauled by
Lehman bankruptcy, AIG fears ,�
highest year over year foreclosures on record, retail down .3% while
inventories up, as bad news spurs over 150 point swing to the upside into the
close which shows irrationally fraudulent markets trying to keep suckers sucked
in for their commissioning pleasure, Bullish Sentiment Drops 30% �, CBOE Put-Call Ratio Indicates Negative Outlook ,
Get Ready For the S&P 500 to Break Below 1200 ,
WaMu cut to "junk," sees $4.5
billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession,
Job Losses , August
foreclosures hit another record high , federal/trade deficits among other bad
news worse than expected which previously rallied stocks (riiiiight!) on over
300 point swing to the upside (I don�t think so)� so sell into these ephemeral rallies/"strength�, Lehman
shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop
below 9,000,
election-year sugar/fake reports as Pending home sales fall more than expected 3.2%
, Fannie/Freddie
fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer
since they believe their fraudulent gains, many billions worth, might not be
touched - they should be disgorged through prosecution) as defacto bankrupt
government to commit� $100 billion each
to insolvent fannie/freddie ($200 billion they really don�t have to start
with), very ridiculous so sell into ephemeral rallies/"strength"
since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of
Crooks And Incompetents" �(more to follow this
update on 9-7-08) suckers� bear market/short-covering rally into the close on
200 point swing to the upside (riiiiight) on very bad news,� nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to
6.1%,� THE
LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports
, �Home
foreclosures reach record high , and keep in mind frauds/scams
like wall street today invariably unravel as reality bites with all news bad
(except for fake news) and worse than expected with new unemployment claims up
more than 15,000 on top of terrible back-to-school shopping/retail numbers,
though still sugar-coated for election year as sales at GM down 20% Ford down
26%, bankruptcies up, credit union taken over by feds, August ISM Index
down below 50 indicating contraction, construction
spending fell a larger-than-expected 0.6%, and spending
down to lowest level in 3 years with income declining .7% in contrast to
previous day�s suckers� bear market rally on light volume so great time to
sell/take profits while you can since all problems remain] Election-year feel
good typically false/embellished at best temporary report on GDP 58% better
than private forecasts along with that bastion of american credibility, the
scandal scarred prevaricating commerce department comes through with fraudulent
talking point for the wall street frauds with durable goods numbers exceeding
private economist estimates by 400% (I don�t think so!), as one of Motek�s
experts says GDP number from government, at best temporary blip from rebate
stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s.
doesn�t really have) and multi-national exports on weak dollar, seventh staight
monthly decline in payrolls in this real recession, and continued problems in
financial sector/real estate/defaults/writedowns; while another� seasoned expert says doesn�t look good
particularly for third and fourth quarters. Motek�s expert says FDIC might have
to borrow from treasury [ FDIC may borrow money from
Treasury ], second largest quarterly loss on record from thrifts at $5.4
billion, Fannie/Freddie fail the performance test, and precipitous fall in
leading economic indicators indicative of deeper/longer recession that we�re
already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real
estate price declines on high volume of�
foreclosure sales/high unsold inventories, high inflation as other than
the economic debacle it is, Motek�s expert reiterates reality of this bear
market, that stocks will resume slide, good time to sell since pricey/frothy at
avg. 24 P/E, that Freddie/Fannie bailout/gov�t. takeover inevitable, more
troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com)
] as loan defaults
extend losses in sub-prime, to now prime, commercial, student loans, credit
cards, even as inflation up, and outlook very bleak. Previously, another bank
failure, but they say existing home sales up greater than expected 3.1%�but
from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits
and nuts) and inventories of for sale/unsold homes at new record high since tracking
began in 1968 and worse to come, Chicago index of manufacturing down indicating
further economic weakness and Motek�s expert says �put� activity indicates at
least 10-15% more downside from here/government bailout ot fannie/freddie
inevitable and f/f stock worthless as all news decisively bad beyond
expectations though fudged to upside for election year and yet bernanke who is
printing worthless hyperinflationary Weimar dollars like mad soothed (gives
them fraudulent talking point) the frauds on wall street saying essentially the
economy is so bad inflation less of a problem (and no interest rate hike-old
news because of economic weakness and bad for dollar) sparking suckers bear
market rally on light volume, Buffett: We're
still in a recession, leading
indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take
profits since all problems remain and dollar mini-spike short-lived though some
fluctuations to upside on speculation other economies will tank.�� Wholesale prices: Highest
annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep
declines. That hub of
global manufacturing buzzing (riiiiight!) as empire state index as measured by
private economists expected to fall -4.2% but is reported up +2.8% (almost 300%
better-I don�t think so, and don�t buy the Brooklyn bridge, watches, swamp land
in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek
Growing evidence suggests American consumers, businesspeople, and political
leaders should all be bracing for double-digit inflation, probably as early as
2009), real estate
falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation
into the obscure world of so-called tech which provides, as in prior such ploys
(ie., dot-com bust, more recent bust, etc.) the world street frauds with the
ability to sell the sizzle since investors and americans generally don�t
understand it (ie., iphones are a joke where the so-called �computer� is merely
a restrictor of usual computer functions now tied into apple products and
government shill co att, and anyone who pays the premium for apple products is
a fool), and all news bad albeit fudged to the upside in this election year.� Fake trade figures, more writedowns/bad
debt, still great opportunity to sell/take profits. Just another frothy day in
the rabidly fraudulent lunatic world of wall street and great opportunity to
sell/take profits since all problems remain and dollar mini-spike short-lived.
Fog of war ( U.S. Attacks Russia Through Client State Georgia �
don�t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to
understand fraudulent wall street euphoria over diversion (Georgia conflict)
from their massive fraud which brought much greater than expected losses at
fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee
Republican ) and triple-digit decline to triple digit upswing so especially great
opportunity to sell/take profits as glass-half-full kind of frauds point to
increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can
no longer� hide substantially increased
unemployment, etc., economy so bad oil demand declining which is shill point
for next stage of (new) wall street fraud/commissioned churn and earn scam
which the taxpayers just underwrote/paid for with complicit government,
executive/legislative/judicial branches/fed. Great opportunity to sell/take
profits since all problems remain as real numbers indicate previous decline in
GDP though falsely reported as gain, greater unemployment (watch for fake
numbers from government) and much more downside to come as stocks previously
rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT
UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON
PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE
FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED,
UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The
Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from
Seeking Alpha �AP Business Highlights A private research group says that Americans remain
the most pessimistic about the economy since the tail end of the last prolonged
recession 16 years ago. But economists warn that the slight uptick, which
reverses a six-month slide since January, is likely to be only temporary and
doesn't signal the beginning of a rally�Yahoo� the
survey only has weak correlation with actual spending, so Briefing.com
does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality
but false report from corrupt, scandal-scarred, criminal commerce department
(contrary to all expectations and contrary to all regional fed manufacturing
indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as
Reality trumps bull s**t! Sell dollar denominated assets as all problems
remain. El-Erian: Buy more foreign stocksEven in this century's
darkest days of recession and war, U.S. households kept on spending. But one of
the smartest investors on the planet says the American consumer is finally out
of steam. Even if, and
it is not, oil were the only problem, the same is just a disruption away from a
spike. Suckers� bear market/short-covering rally based on bull s**t alone, this
time by wall street shill paulson whose bailout rhetoric brings �irrational
exuberance� since wall street frauds should be prosecuted, required to disgorge
ill-gotten gains, and jailed since they�re the ones who benefited and are
escaping accountability by the bailout. Except for multi-nationals and
corporate welfare recipients (ie., Lockheed, etc.), greater than expected
losses in not millions but billions rallied the stocks. Remember, these are
huge financial institutions unlike the tiny S&Ls of the last banking
fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators
revised down (after �election year keep the incumbents� fake report). What do
you expect the wall street frauds/criminals who should be held accountable and
the failed (and illegal- constitution would have to be amended to enable Fed to
print those worthless Weimar dollars with now even failed Fannie and Freddie
getting some with taxpayer bailout) Fed to say; admit they royally f**ked up,
etc.,� better than expected very bad
news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200%� more (suuuuure!) than expected oil
inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad
less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE
PROFITS WHILE YOU CAN!] Similarities
between 1929 and 2008 terrifying �[In just the month of June, the Dow
dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the
quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an
anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost
12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October,
the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down
19.80%. A 20% drop from a market peak is considered the start of a bear market
� although many analysts say Wall Street already has a bear market mentality
(because the bear market already is. Some chart data/numbers on
bear markets: first chart second chart).] FAKE GOV�T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS�
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE
PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON
NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED
REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE
HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL
GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS
HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET� FOCUS/DEFLECTION ON CORE INFLATION IS A
SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE�D BE A
TROLLEY CAR.� [eND OF FIRST QUARTER DOW
�8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA
2008: The Great Depression. �High
Likelihood of a Market Crash Similarities
between 1929 and 2008 terrifying �I
WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS,
I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST
INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO
STRENGTH/TAKE PROFITS/SELL). SUCKERS� BEAR MARKET/SHORT COVERING RALLY/NEW
BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE
PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9
INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST
PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE
TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS
THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH
AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS
SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO
RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT
DEPRESSION, SAYS IMF. VIX
TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL �YAHOO
FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS
NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR
DOLLAR TO FRAUD TO FAKE GOV�T REPORTS, suckers� bear market rally
into the close, Analysts say
more U.S. banks will fail �Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel
Soon Fannie Plan a `Disaster' to
Rogers; Goldman Says Sell �, why would anyone hold/invest in dollars (deficits, trade and
budget substantial, economic growth declining) so sell/take profits, if you�re
smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors
were encouraged by the possibility of more contributions to their fraud, and
Paulson says things are not as bad as the reports in this election year; he�s
right; they�re much worse! Remember greenspan�s perpetual envy of all the world
speeches; now Bernanke printing hyperinflationary Weimar dollars like mad;
they�re dreaming. Similarities
between 1929 and 2008 terrifying �U.S. stocks post sharp weekly losses; bear market that
already is now said nears , Stocks tumble as more bad economic news piles up,
Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth
time in seven months in May while median prices kept plunging, American Express
sees worsening credit conditions, but fake government report of higher than
expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low
, BlackRock sees global slowdown
worsening in 2009 , DOWNGRADES OF
BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC,
MBIA, AMERICA�S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES
ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY
POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED
AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A
GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND
PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW
YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE� PLUNGING, HOME BUILDERS� CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS
BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT
OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28
YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES
(IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL
TO THE UPSIDE� GOING FORWARD AS LESS
ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO
INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES
ARE WORSE THAN REPORTED (HE�S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP
MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH
REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000,
RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS
SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE�S A LITTLE
COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE
SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE
SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA,
VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND
ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER
PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE
COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS
THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH
OIL PRICES,�� BERNANKE JAWBONES DOLLAR
UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE
INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST
SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE
FALSE DATA,� IE., 6-5-08 UNEMPLOYMENT
CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS
INCLUDING� HOME EQUITY AT LOWEST LEVELS
SINCE WW2,� DOWNGRADES ON FINANCIALS
INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE
FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE
(ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE FOR A PRICE/FAVOR) WITH
THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE
SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS
EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP
SHARPLY, BIG DISCOUNTERS� GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH
SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION,
CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING
$2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE
DECLINES FOR REAL ESTATE OF RECORD�
�14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER
INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS
RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS
CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR
INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT
ECONOMIC POLICY IS POOR (I�M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO
REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV�T REPORT REVISING
FIRST QUARTER GROWTH TO .9%� (SUUUUURE�
YOU THINK THE �WHAT HAPPENED� REVELATIONS, SUBSTANTIVELY REPORTED ON THIS
WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS
ARE NOT AS BAD AS THEY REALLY ARE � GREAT � RIIIIIGHT. ANALYST EMPASIZES
TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH
TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL
BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND
TOUGH ENVIRONMENT FOR REFINERS.� DON�T
FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN
GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN�T CONTINUE IN LIGHT OF
SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? �The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch �More doom for global economy �Visualizing Dow 6,000 ��] Yahoo: The stock market plunged the most since the crash of 1987 as
disappointing retail sales data and credit concerns renewed economic
fears. Specifically, the S&P 500 plunged 9.0%, settling near session
lows.Consumers continue to curtail spending in the face of economic headwinds.
Retail sales in September tumbled 1.2% month-over-month, the third consecutive
monthly drop and largest decline in three years. The decrease was larger than
the expected drop of 0.7%. Sales are down 1.0% compared to last year, marking
the first year-over-year decline since October 2002.Separately, the Producer
Price Index, an inflation reading, fell 0.4% in September due to a decrease in
commodity prices. Excluding food and energy, PPI rose 0.4%, which was
more than the expected increase of 0.2%.Although credit markets are showing
signs of improvement, there are concerns that a recovery will take longer than
hoped for. Dollar Libor, which is the rate banks charge each other for
short-term dollar loans, slightly declined across all terms for the second
straight session, but remain at highly elevated states. This indicates banks
are more willing to lend to each other, but are still showing extreme caution.
In addition, there was a high demand for Treasuries as investors seek safety.An
afternoon speech from Fed Chairman Bernanke and the release of the Fed's Beige
Book did not give the market any real surprises, but painted a sobering
economic picture and indicated that a recovery will take time.Economic concerns
sparked broad-based selling, with 99% of the S&P 500 posting a loss and all
ten of the economic sectors ending the day deep in the red.The energy sector
(-15.5%) was hit the hardest, falling in conjunction with energy commodities.
Crude prices tumbled 5.9% to $74.03 per barrel on global slowdown concerns
and a cut in OPEC's demand forecast. On a similar note, commodity prices as a
whole fell 4.5%, resulting in a 12.1% decline in the materials sector.Defensive
oriented sectors consumer staples (-6.0%) and healthcare (-6.7%) outperformed
on a relative basis, but still posted steep declines.In earnings news,
quarterly results were mostly better-than-expected, although several companies
that posted upside results still came under selling pressure.Some of the more
notable names that topped expectations include Abbott Labs (ABT 53.40, -1.38) Coca-Cola (KO 44.19. +0.46), Intel (INTC 15.05, +0.88), JPMorgan Chase (JPM 38.34, -2.37) and Wells Fargo (WFC 32.76, -0.76).The S&P 500 is now
up only 1.0% this week after giving up the majority of Monday's massive 11.6%
gain. The index is still up 8.1% from its multi-year intraday low reached last
Friday.DJ30 -733.08 NASDAQ -150.68 NQ100 -8.8% R2K -9.5% SP400 -9.7% SP500
-90.17 NASDAQ Adv/Vol/Dec 369/2.54 bln/2401 NYSE Adv/Vol/Dec 340/1.68 bln/2848 ��..��
��AP Business Highlights
������� U.S. Economy: The Worst is Yet to
Come , U.S. Bank Failures Loom ,�� New reports give bleak
outlook on housing, economy, Foreclosures hit a record high � and more
coming,� Ford readies white-collar layoffs as sales tumble While GM
Shutters 4 North american Factories/Lays off Workers (Reuters), �April insured mortgage defaults rise (Reuters)�� ����
(10-14-08) DOW� -76.62�
�18.1% for
previous week �NASDAQ
�65.24 �15.3% for
previous week� S&P �5.34� �18.3%
for previous week
[CLOSE- OIL $81.20
(RECORD TRADING HIGH $147.27) GAS $3.35 (reg. gas in LAND OF FRUITS AND
NUTS� $3.45 REG./ $4.22 MID-GRADE/ $4.65
PREM./ $4.53 DIESEL)/ GOLD $839.51/ SILVER $11.06/ PLATINUM $1,033/ DOLLAR= .72
EURO, 101 YEN, .56 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR
NOTE YIELD 4.07% ..�� ��AP
Business Highlights ���� �������] Absolutely, Absurdly,
Ridiculous! Modest losses relative to reality with near 300 point upswing into
the close on bad news including record budget deficit at $454 billion and much
worse next year, they�re treating symptoms not the problems so good money after
bad, substantial unwinding of derivatives and market manipulation by programmed
stock purchases, u.s. gov�t selling treasuries to finance debacle pushing
interest rates higher so sell/take profits, The Wall Street Coup and the Bailout Scam Bailout $700
billion yet national debt increased by over $1 trillion,They socialize
their losses and privatize their gains �.. How is this happening?� Paulson Doles Out $125 Billion to Wall Street Elite �What a total
fraud/scam!�� A
Trillion Dollar Bait and Switch: The Bailout and the Smell Test ����This is a
secular bear market � check out the cycles.�� Roubini
Sees Worst Recession in 40 Years, Rally�s End ��, previously motek�s expert Art Hogan says
crisis not over, daaaaah!, buuuttt and for the first time sounds like a typical
wall street shill and loses all credibility thereby, while another non-Motek
expert says will retest lows which is euphemistically correct while pointing to
comparable spike/decline in 1929 et seq. Great Depression scenario , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 , �b.s. talking points and all
based upon other nations, Europe and Asia like lemmings again following america
into the abyss (Iraq, etc.) since none of the real problems including many
trillions of worthless paper, deficits budget/trade,
hyperinflationary/worthless Weimar dollars being printed like mad, have even
been addressed much less solved (election-year expedience) so sell into
rallies/strength/take profits while you can as much worse to come and remember,
fool you once,
shame on the wall street frauds who should be in prison, fool you twice, shame
on you and you�re screwed, as this and previous session�s programmed buy trades to keep the
suckers sucked in and commission dollars flowing (the shameless wall street
frauds made hundreds of millions last week and today on high then moderate
volume as government/banks closed for holiday), thousand point swings to the
upside- I don�t think so, as yet again those needful things on wall street get
even MORE, MORE, MORE, MORE, MORE for the poor (not really, in light of the
mega billions in fraudulently derived commissions, bonuses, compensation, which
should and must be disgorged through prosecution) frauds on wall street, retail
down, unemployment at recession levels, modest losses relative to reality so
sell into strength/take profits, get your money out while you can and don�t
forget that the worthless hyperinflationary Weimar dollars they�re printing
like mad will, like the current fraud unraveling, come home to roost� [Rogers:
Global Bankers Have Unleashed Hyperinflationary Holocaust ] making, assuming arguendo there are,� any wild-eyed purported gains to come
illusory/non-existent at best and further, national (and consumer) debt and lack
of industrial/manufacturing base/trade deficits make previous recovery
comparisons preposterous, Motek�s expert says on-going bear market since 2000
(market down 75% as measured in gold) with continued massive liquidations to
pay off debt and that attempts to reflate with bailouts will fail culminating
in hyperinflationary depression, while another expert says stocks could slug
around at bottom for extended period, while Financial Times Editor says most
volatile day ever, not at tradable bottom, and this was a market crash at �40%
from top. GM shares on credit watch with negative implications
by S&P tumble 31 percent to 58-year low , Roubini: Rate Cuts Temporarily and Minimally Reduce
Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' , dollar down, oil up, Motek�s expert Bogel
of Vanguard fame points to speculative measure for wall street in 1929 as 280
which is even below and not as bad as the current measure of 320 in year 2008
indicative of the ridiculousness of the wall street debacle, It's Not You, It's the Market - Now Officially the
Worst S&P Decline in History �,on
top of previous sessions needful things on wall street saying MORE, taxpayer
money to bail them out for their consummate fraud, etc., MORE now
EU/Asian/fed/taxpayers� cooperation/contribution for their past, present and
future frauds, etc., to keep their ponzi-like scheme of worthless paper moving;
how about prosecution, prison, fines,�
and disgorgement for these mega billion dollar frauds, as 500 point
swing to the upside into the close (get your money out while you can-sell into
strength/rallies/take profits) on yet another b.s. talking point (I don�t think
so and neither does Cramer says Get Out Of The Market ) as Motek�s expert apparently shell-shocked talks in terms of washout
levels while another says bailout will take about 4 weeks to implement and not
sure if same will work [WON�T! There are trillions (some say in the hundreds of trillions) of
the fraudulent worthless paper out there] and points to negative economic fundamentals and says reduce
exposure to equities in favor of ie., money market treasuries, previous day buy
on rumor, sell on news (of fraud bailout) obtains, fundamentals horrendous as
economy loses more than expected 159,000 jobs, Motek�s economist/expert/trader
says serious economic issues remain and cites �73 to �74 when market fell 45%
top to bottom while securities expert says now focus is on fundamentals and not
a pretty picture and cautions about dilution, get your money out while you
can-sell into strength/rallies/take profits-that�s what they did , previously
hopes for fraudulent $4 trillion plus is missing
through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! �wall street fraud/criminal bailout �Grand Larceny� on a Monumental Scale: Does the Bailout
Bill Mark the End of America as We Know It? �can�t change reality as unemployment numbers highest in 7 years,
factory orders decline to lowest level in 2 years, food prices with largest
increase since 1990, previous 200 point swing to the upside on top
of 485 point� previous day gain with all
seriously negative news including sales drops of 16% at GM and 35% at Ford so
sell into these rallies/strength/take profits whil you can, economist Brusca
points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 �, U.S. Sept. ISM manufacturing index plunges to 43.5% (worst
since 1955), Bailout Would Only Prolong Crisis: Jim Rogers �,except for scandal-scarred corrupt commerce department which
reported unexpected rise in consumer sentiment (riiiiight�things are so
hunky-dory), all news decidedly negative with home prices falling an unexpected
record� 16.3 %, etc. Bailout marks
Karl Marx�s comeback �This is not brain surgery and the fraud,
bonuses/compensation (mortgages, subprime and otherwise, are only a relatively
small portion of the fraud/scam providing �cover/collateral� for the worthless
but heavily commissioned paper over and over again in a multiplicity of
different forms of worthless paper) in the mega-billions should first be
disgorged before taxpayers are forced to pony up and pay the frauds again for
their fraud which caused the problem in the first instance, must be prosecuted.
It should also be noted that despite the rhetoric, the wall street bailout
will NOT solve the crisis or eliminate the economic pain except to make
permanent the fraudulent wealth transfer to the most well healed
heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud.�� All news decisively negative as WaMu becomes biggest bank to fail in US history (AP),
GDP revised downward to 2.8% in second quarter (the market previously rallied
on the false news and rallies again on the true bad news), only 30% at most support the taxpayer
bailout of the wall street frauds so count on tax revolts as predicted by
experts if the same passes , Sell
into any rallies/take profits as all problems remain and will be exacerbated by
the fact that the vast majority of taxpayers rationally and correctly opposed
the bailout of the wall street criminals who benefited from the fraud. Reaction
has been fast and furious 9-28-08[2:38 am]; take a look at some initial
comments. Sell into any strength/take profits because
with bank failures and raids on taxpayer funds and reckless printing like mad
of worthless Weimar dollars and fake data/reports and lies this is worse than
recession/bear market, �New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up
and durable goods orders down far more than expected, home prices drop by
record 9.5%, existing home sales down 2.2% as they continue to foist the wall
street criminal/fraud bailout on taxpayers which Bloomberg
now pegs at a cost of $5 trillion while other economists/experts say
hundreds of trillions [which means $700 billion down the tubes into the pockets
of the wall street criminals (make them pay) who created the mess through their
greed/fraud/scams and who�ve already reaped huge financial sums in the many
billions through compensation/bonuses (mortgages, subprime and otherwise, are
only a relatively small portion of the fraud/scam providing �cover/collateral�
for the worthless but heavily commissioned paper over and over again in a
multiplicity of different forms of worthless paper]; Motek�s financial expert,
Financial Times Business Editor cites thoroughly gloomy economic picture
globally and u.s. particularly, record levels of borrowing from fed, even with
passage of bailout dire economic/financial scenario will remain, and axiomatic
�buy on the rumor, sell on the news� picture for stocks while his
expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out
wall street criminals who should be in prison [and who should pay back/disgorge
the hundreds of billions they�ve been scamming by repackaging/recollateralizing
commissioning and reselling of which fraud/bubble I�ve been warning for over 5
years on this site-indeed they even have been exempted by congress for RICO
liability and meaningfully lawless application of other laws as I reiterate in
my RICO Summary under penalty of perjury to the
FBI at their request including RICO violations by Sam Alito, former u.s.
attorney (District of new jersey) who parlayed obstruction of justice (I�ve
sworn to this regarding drug-money laundering) into judicial appointments to
the 3rd circuit court of appeals with maryanne trump (Barry) and now the
so-called supreme court (he should have gone to jail) justice; how could anyone
even listen to bush (WMD�s in Iraq-I also warned against that debacle/fraud/war
crimes/profiteering) ] and he further says let the ceo�s go and some of the
failed institutions fail condemning the outrageousness of the lack of oversight
in this huge fraud/wealth transfer; and hanky panky paulson the wall street
shill whose $50 million in blind trust and $20 million in vanguard benefits
from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so�
great opportunity to sell/take profits while you still can. One
democrat said that with 3 months remaining in war criminal (remember the lies)
bush�s lamentable failed presidency the grab based on fear that bailout of the
criminals who caused the problem and made huge sums from their heavily commissioned
fraud will avoid what already is can only be deemed another fraudulent wealth
transfer akin to the war crimes in Iraq, which budget-busting conflict is also
part of america�s problem, is preposterous on it�s face.A
republican said that the so-called over-sight provision utilizes a standard of
judicial review that would render impossible any purported review/abrogation
(and after the fact at that) of paulson�s largesse to his bro�s on wall street
and bush buddies. �Mike
Stathis The Market Oracle September 22, 2008� As far as I�m concerned, anyone
who doesn�t conduct a full investigation of this charade leading to several
CEOs and other executives in prison with all of their assets being shuttled
into America�s bailout fund doesn�t have what it takes to lead America anywhere
except on its current course � downward. But it doesn�t really matter at this
point anyway. Washington and the greedy bankers have ensured the end of what
was once a great and proud nation filled with hope and opportunity. � , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit �,�
Financial terrorism: US taxpayers bail out Wall Street
criminals , A Bailout to Nowhere ��,�Cramer had said the astonishing 779-point
rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up
since all real news remains decisively negative as leading indicators fall, unemployment claims rise,
but� suckers� bear market rally b**l
s**t talking points without realistic, legitimate, sound foundation previously
rallied stocks in nearly 600 point swing to the upside as wall street
shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer
paid for by taxpayers (yet another bailout � tax revolts as predicted by
trendsresearch.com are a coming � McCain is quite right that land of fruits and
nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt
Nimmo | Congress critters, former Fed mob bosses want a public
boondoggle along the line of the Resolution Trust Corp. to bailout the
banksters) and
insurmountably increasing the defacto bankrupt government�s debt� in favor of the very well-healed
perpetrators of the fraud who should be prosecuted and forced to disgorge their
ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching
the ill-advised united
soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then
there was the ridiculous spike from fed�s announced printing/creating more
worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign
contributions does not even register a blip of difference in light of the
magnitude of the amount of debt, $14 trillion private/$15 trillion public, much
of which must be written down/off/non-performing . Don�t be wall street�s
(churn and earn) fool; time for them to pay up; time for you to sell/take
profits/cut losses! Housing construction
plunges 6.2 pct. in August� ,� Worst
is yet to come, investment strategist warns (at MarketWatch) �,
more gov�t bailout taxpayer money with ever more worthless Weimar dollars (fed
printing/creating them like mad) proves the only lunatics (yes, the full moon)
are not limited to those lunatic fraudulent wall street needful things who
should be prosecuted and forced to disgorge their ill-gotten gains, as united
soviet socialist states of america (who built up communist china so who could
have expected less)� takes 80% stake in
AIG, spreads widening as piles of worthless debt/securities/collateral unwind
so sell into these suckers� bear market rallies as all problems remain US Economy:
Rudderless and Reeling From Direct Hits �, Federal bank
insurance fund dwindling , More Socialism for
the Bankers: Fed to �Loan� AIG $85 Billion , economy so bad oil demand own, so cut your
losses/take whatever gains/get your money out while you still can as industrial
output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance
system pummels stock market , Rogers: Dollar To Lose World Reserve Status ,
AIG downgraded as financial
meltdown spreads , Wall Street mauled by
Lehman bankruptcy, AIG fears ,�
highest year over year foreclosures on record, retail down .3% while
inventories up, as bad news spurs over 150 point swing to the upside into the
close which shows irrationally fraudulent markets trying to keep suckers sucked
in for their commissioning pleasure, Bullish Sentiment Drops 30% �, CBOE Put-Call Ratio Indicates Negative Outlook ,
Get Ready For the S&P 500 to Break Below 1200 ,
WaMu cut to "junk," sees $4.5
billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession,
Job Losses , August
foreclosures hit another record high , federal/trade deficits among other bad
news worse than expected which previously rallied stocks (riiiiight!) on over
300 point swing to the upside (I don�t think so)� so sell into these ephemeral rallies/"strength�, Lehman
shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop
below 9,000,
election-year sugar/fake reports as Pending home sales fall more than expected 3.2%
, Fannie/Freddie
fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer
since they believe their fraudulent gains, many billions worth, might not be
touched - they should be disgorged through prosecution) as defacto bankrupt
government to commit� $100 billion each
to insolvent fannie/freddie ($200 billion they really don�t have to start
with), very ridiculous so sell into ephemeral rallies/"strength"
since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of
Crooks And Incompetents" �(more to follow this
update on 9-7-08) suckers� bear market/short-covering rally into the close on
200 point swing to the upside (riiiiight) on very bad news,� nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to
6.1%,� THE
LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports
, �Home
foreclosures reach record high , and keep in mind frauds/scams
like wall street today invariably unravel as reality bites with all news bad
(except for fake news) and worse than expected with new unemployment claims up
more than 15,000 on top of terrible back-to-school shopping/retail numbers,
though still sugar-coated for election year as sales at GM down 20% Ford down
26%, bankruptcies up, credit union taken over by feds, August ISM Index
down below 50 indicating contraction, construction
spending fell a larger-than-expected 0.6%, and spending
down to lowest level in 3 years with income declining .7% in contrast to
previous day�s suckers� bear market rally on light volume so great time to
sell/take profits while you can since all problems remain] Election-year feel
good typically false/embellished at best temporary report on GDP 58% better than
private forecasts along with that bastion of american credibility, the scandal
scarred prevaricating commerce department comes through with fraudulent talking
point for the wall street frauds with durable goods numbers exceeding private
economist estimates by 400% (I don�t think so!), as one of Motek�s experts says
GDP number from government, at best temporary blip from rebate stimulous (those
election-year monies/printed Weimar dollars debt-ridden u.s. doesn�t really
have) and multi-national exports on weak dollar, seventh staight monthly
decline in payrolls in this real recession, and continued problems in financial
sector/real estate/defaults/writedowns; while another� seasoned expert says doesn�t look good particularly for third and
fourth quarters. Motek�s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from
Treasury ], second largest quarterly loss on record from thrifts at $5.4
billion, Fannie/Freddie fail the performance test, and precipitous fall in
leading economic indicators indicative of deeper/longer recession that we�re
already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real
estate price declines on high volume of�
foreclosure sales/high unsold inventories, high inflation as other than
the economic debacle it is, Motek�s expert reiterates reality of this bear
market, that stocks will resume slide, good time to sell since pricey/frothy at
avg. 24 P/E, that Freddie/Fannie bailout/gov�t. takeover inevitable, more
troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com)
] as loan defaults
extend losses in sub-prime, to now prime, commercial, student loans, credit
cards, even as inflation up, and outlook very bleak. Previously, another bank
failure, but they say existing home sales up greater than expected 3.1%�but
from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits
and nuts) and inventories of for sale/unsold homes at new record high since
tracking began in 1968 and worse to come, Chicago index of manufacturing down
indicating further economic weakness and Motek�s expert says �put� activity
indicates at least 10-15% more downside from here/government bailout ot
fannie/freddie inevitable and f/f stock worthless as all news decisively bad
beyond expectations though fudged to upside for election year and yet bernanke
who is printing worthless hyperinflationary Weimar dollars like mad soothed
(gives them fraudulent talking point) the frauds on wall street saying
essentially the economy is so bad inflation less of a problem (and no interest
rate hike-old news because of economic weakness and bad for dollar) sparking
suckers bear market rally on light volume, Buffett: We're
still in a recession, leading
indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take
profits since all problems remain and dollar mini-spike short-lived though some
fluctuations to upside on speculation other economies will tank.�� Wholesale prices: Highest
annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep
declines. That hub of
global manufacturing buzzing (riiiiight!) as empire state index as measured by
private economists expected to fall -4.2% but is reported up +2.8% (almost 300%
better-I don�t think so, and don�t buy the Brooklyn bridge, watches, swamp land
in jersey, etc.), inflation news double expectations Bracing for
Inflation
August 15, 2008 (BusinessWeek Growing evidence suggests American
consumers, businesspeople, and political leaders should all be bracing for
double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation
into the obscure world of so-called tech which provides, as in prior such ploys
(ie., dot-com bust, more recent bust, etc.) the world street frauds with the
ability to sell the sizzle since investors and americans generally don�t
understand it (ie., iphones are a joke where the so-called �computer� is merely
a restrictor of usual computer functions now tied into apple products and
government shill co att, and anyone who pays the premium for apple products is
a fool), and all news bad albeit fudged to the upside in this election
year.� Fake trade figures, more
writedowns/bad debt, still great opportunity to sell/take profits. Just another
frothy day in the rabidly fraudulent lunatic world of wall street and great
opportunity to sell/take profits since all problems remain and dollar
mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia �
don�t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to
understand fraudulent wall street euphoria over diversion (Georgia conflict)
from their massive fraud which brought much greater than expected losses at
fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee
Republican ) and triple-digit decline to triple digit upswing so especially great
opportunity to sell/take profits as glass-half-full kind of frauds point to
increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can
no longer� hide substantially increased
unemployment, etc., economy so bad oil demand declining which is shill point
for next stage of (new) wall street fraud/commissioned churn and earn scam
which the taxpayers just underwrote/paid for with complicit government,
executive/legislative/judicial branches/fed. Great opportunity to sell/take
profits since all problems remain as real numbers indicate previous decline in
GDP though falsely reported as gain, greater unemployment (watch for fake
numbers from government) and much more downside to come as stocks previously rallied
on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT
UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON
PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE
FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED,
UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The
Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from
Seeking Alpha �AP Business Highlights A private research group says that Americans remain
the most pessimistic about the economy since the tail end of the last prolonged
recession 16 years ago. But economists warn that the slight uptick, which
reverses a six-month slide since January, is likely to be only temporary and
doesn't signal the beginning of a rally�Yahoo� the
survey only has weak correlation with actual spending, so Briefing.com
does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality
but false report from corrupt, scandal-scarred, criminal commerce department
(contrary to all expectations and contrary to all regional fed manufacturing
indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as
Reality trumps bull s**t! Sell dollar denominated assets as all problems
remain. El-Erian: Buy more foreign stocksEven in this century's
darkest days of recession and war, U.S. households kept on spending. But one of
the smartest investors on the planet says the American consumer is finally out
of steam. Even if, and
it is not, oil were the only problem, the same is just a disruption away from a
spike. Suckers� bear market/short-covering rally based on bull s**t alone, this
time by wall street shill paulson whose bailout rhetoric brings �irrational
exuberance� since wall street frauds should be prosecuted, required to disgorge
ill-gotten gains, and jailed since they�re the ones who benefited and are
escaping accountability by the bailout. Except for multi-nationals and
corporate welfare recipients (ie., Lockheed, etc.), greater than expected
losses in not millions but billions rallied the stocks. Remember, these are
huge financial institutions unlike the tiny S&Ls of the last banking
fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators
revised down (after �election year keep the incumbents� fake report). What do
you expect the wall street frauds/criminals who should be held accountable and
the failed (and illegal- constitution would have to be amended to enable Fed to
print those worthless Weimar dollars with now even failed Fannie and Freddie
getting some with taxpayer bailout) Fed to say; admit they royally f**ked up,
etc.,� better than expected very bad
news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200%� more (suuuuure!) than expected oil
inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad
less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE
PROFITS WHILE YOU CAN!] Similarities
between 1929 and 2008 terrifying �[In just the month of June, the Dow
dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the
quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an
anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost
12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October,
the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down
19.80%. A 20% drop from a market peak is considered the start of a bear market
� although many analysts say Wall Street already has a bear market mentality
(because the bear market already is. Some chart data/numbers on
bear markets: first chart second chart).] FAKE GOV�T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS�
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE
PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON
NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED
REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE
HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL
GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS
HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET� FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD
AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE�D BE A TROLLEY CAR.� [eND OF FIRST QUARTER DOW �8%, nASDAQ-14%,
AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA
2008: The Great Depression. �High
Likelihood of a Market Crash Similarities
between 1929 and 2008 terrifying �I
WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR
POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN
AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO
STRENGTH/TAKE PROFITS/SELL). SUCKERS� BEAR MARKET/SHORT COVERING RALLY/NEW
BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE
PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9
INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST
PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE
TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS
THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH
AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS
SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO
RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT
DEPRESSION, SAYS IMF. VIX
TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL �YAHOO
FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS
NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR
DOLLAR TO FRAUD TO FAKE GOV�T REPORTS, suckers� bear market rally
into the close, Analysts say
more U.S. banks will fail �Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel
Soon Fannie Plan a `Disaster' to
Rogers; Goldman Says Sell �, why would anyone hold/invest in dollars (deficits, trade and
budget substantial, economic growth declining) so sell/take profits, if you�re
smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors
were encouraged by the possibility of more contributions to their fraud, and
Paulson says things are not as bad as the reports in this election year; he�s
right; they�re much worse! Remember greenspan�s perpetual envy of all the world
speeches; now Bernanke printing hyperinflationary Weimar dollars like mad;
they�re dreaming. Similarities
between 1929 and 2008 terrifying �U.S. stocks post sharp weekly losses; bear market that
already is now said nears , Stocks tumble as more bad economic news piles up,
Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth
time in seven months in May while median prices kept plunging, American Express
sees worsening credit conditions, but fake government report of higher than
expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low
, BlackRock sees global slowdown
worsening in 2009 , DOWNGRADES OF
BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC,
MBIA, AMERICA�S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES
ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY
POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED
AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A
GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND
PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW
YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE� PLUNGING, HOME BUILDERS� CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS
BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT
OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28
YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES
(IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL
TO THE UPSIDE� GOING FORWARD AS LESS
ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO
INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES
ARE WORSE THAN REPORTED (HE�S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP
MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH
REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000,
RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS
SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE�S A LITTLE
COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE
SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE
SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA,
VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND
ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER
PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE
COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS
THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH
OIL PRICES,�� BERNANKE JAWBONES DOLLAR
UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE
INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST
SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE
FALSE DATA,� IE., 6-5-08 UNEMPLOYMENT
CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS
INCLUDING� HOME EQUITY AT LOWEST LEVELS
SINCE WW2,� DOWNGRADES ON FINANCIALS
INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE
FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE
(ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE FOR A PRICE/FAVOR) WITH
THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE
SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS
EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP
SHARPLY, BIG DISCOUNTERS� GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH
SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING
CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION),
AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT,
LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD ��14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO
CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD
NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD
NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT
ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55%
BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I�M SURPRISED AT THE LOW PERCENTAGE
RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV�T REPORT
REVISING FIRST QUARTER GROWTH TO .9%�
(SUUUUURE� YOU THINK THE �WHAT HAPPENED� REVELATIONS, SUBSTANTIVELY
REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE
FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE � GREAT � RIIIIIGHT.
ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER
CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM
OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD
PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS.� DON�T FORGET: THIS ELECTION YEAR PRINT AND
SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE
DATA/REPORTS, ETC., CAN�T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE
FANTASY BUBBLE WILL BURST POST ELECTION. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? �The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch �More doom for global economy �Visualizing Dow 6,000 ��] Yahoo: The stock market saw some swings on Tuesday, eventually
settling with a modest loss, after the government's latest financial
relief efforts were offset over fears that the broader economy will still face
challenges. Some investors decided to take some money off the table
following the previous session's massive gains, which added to the selling
pressure.The S&P 500 opened at its highs with a 4.1% gain, fell to a loss
of 3.1% in the final hour of trade and then recovered to finish with a modest
loss of 0.5%.Eight of the ten economic sectors posted a gain. A
strong 6.4% advance in financials, aided by the government's relief plan,
helped offset weakness in tech (-3.9%), materials (-3.0%) and small-cap
stocks (-2.9%). The weakness in tech caused the Nasdaq to underperform
with a loss of 3.5%.With regard to the governments efforts, the Treasury will
buy up to $250 billion in preferred stock from qualifying U.S. financial
institutions, with the funds and authority coming from the $700 billion plan
authorized by Congress earlier this month. To participate in the program,
financial institutions will have to agree to executive compensation limits,
including the elimination of golden parachutes. Participation in the
program is voluntary, although it appears that firms will be taking the
Treasury up on its offer. Nine of the largest financial institutions in
the world will receive $125 billion, including Bank of America (BAC 26.42, +3.63), Citigroup (C 18.70, +2.95), JPMorgan Chase (JPM 40.80, -1.19), Morgan Stanley (MS 21.96, +3.86) and Wells Fargo (WFC 33.25, +2.85).In addition, the FDIC
will guarantee the newly issued unsecured debt from banks through June 30,
2012. Meaning that if a bank fails, holders of newly issued debt will be paid
by the FDIC. This includes interbank lending, which had seized up as banks
hoarded cash. Separately, noninterest bearing deposit accounts will now be
fully guaranteed, up from the current limit of $250,000, until the end of
2009.The U.S. government's plans are similar to action taken in Europe
yesterday.Credit markets showed some signs of improvement, although they remain
tight. Dollar Libor -- the rate that banks charge each for short-term loans --
fell across all terms. The Ted Spread fell 21 basis points to 4.36%. The
TED spread measures the difference between what banks charge each other for
three month loans (three month Libor) and what the Treasury pays (3-month
T-bill).Earnings were mixed. Johnson & Johnson (JNJ 64.97, +2.29) posted third quarter
earnings growth that topped estimates and raised its full year outlook.
Conversely, PepsiCo (PEP 53.90, -7.87) reported smaller-than-expected earnings per
share growth, excluding nonrecurring items, gave a downside full-year earnings
outlook and announced job cuts.In commodity trading, oil prices came under
selling pressure in conjunction with the pullback stocks, settling with a 2.3%
loss at $79.35 per barrel after being up as much as 4.5%. Commodities as
a whole fell 0.8%.Treasury prices declined as the government's plan helped calm
financial markets. The 10 year note fell 24 ticks, sending its yield above 4%
for the first time since August.DJ30 -76.62 NASDAQ -65.24 NQ100 -4.5% R2K -2.8%
SP400 -2.3% SP500 -5.34 NASDAQ Adv/Vol/Dec 908/2.74 bln/1751 NYSE Adv/Vol/Dec
1715/1.64 bln/1475 ..��
��AP Business Highlights
������� U.S. Economy: The Worst is Yet to
Come , U.S. Bank Failures Loom ,�� New reports give bleak
outlook on housing, economy, Foreclosures hit a record high � and more
coming,� Ford readies white-collar layoffs as sales tumble While GM
Shutters 4 North american Factories/Lays off Workers (Reuters), �April insured mortgage defaults rise (Reuters)�� ����
(10-13-08) 9,387.61 DOW� +936.42� �18.1% for previous week 1,844.25 �NASDAQ +194.74� �15.3% for previous week 1,003.35 S&P +104.13� �18.3% for previous week [CLOSE- OIL $81.20 (RECORD TRADING HIGH $147.27) GAS
$3.35 (reg. gas in LAND OF FRUITS AND NUTS�
$3.48 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $853/
SILVER $10.65/ PLATINUM $958/ DOLLAR= .72 EURO, 101 YEN, .56 POUND STERLING,
ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.86% ..�� ��AP Business
Highlights ������� ����]
Absolutely, Absurdly, Ridiculous! Motek�s expert Art Hogan says crisis not
over, daaaaah!, buuuttt and for the first time sounds like a typical wall
street shill and loses all credibility thereby, while another non-Motek expert
says will retest lows which is euphemistically correct while pointing to
comparable spike/decline in 1929 et seq. Great Depression scenario , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 , �b.s. talking points and all
based upon other nations, Europe and Asia like lemmings again following america
into the abyss (Iraq, etc.) since none of the real problems including many
trillions of worthless paper, deficits budget/trade,
hyperinflationary/worthless Weimar dollars being printed like mad, have even
been addressed much less solved (election-year expedience) so sell into
rallies/strength/take profits while you can as much worse to come and remember,
fool you once,
shame on the wall street frauds who should be in prison, fool you twice, shame
on you and you�re screwed, as this and previous session�s programmed buy trades to keep the
suckers sucked in and commission dollars flowing (the shameless wall street
frauds made hundreds of millions last week and today on high then moderate
volume as government/banks closed for holiday), thousand point swings to the
upside- I don�t think so, as yet again those needful things on wall street get
even MORE, MORE, MORE, MORE, MORE for the poor (not really, in light of the
mega billions in fraudulently derived commissions, bonuses, compensation, which
should and must be disgorged through prosecution) frauds on wall street, retail
down, unemployment at recession levels, modest losses relative to reality so
sell into strength/take profits, get your money out while you can and don�t
forget that the worthless hyperinflationary Weimar dollars they�re printing
like mad will, like the current fraud unraveling, come home to roost� [Rogers:
Global Bankers Have Unleashed Hyperinflationary Holocaust ] making, assuming arguendo there are,� any wild-eyed purported gains to come
illusory/non-existent at best and further, national (and consumer) debt and
lack of industrial/manufacturing base/trade deficits make previous recovery
comparisons preposterous, Motek�s expert says on-going bear market since 2000
(market down 75% as measured in gold) with continued massive liquidations to
pay off debt and that attempts to reflate with bailouts will fail culminating
in hyperinflationary depression, while another expert says stocks could slug
around at bottom for extended period, while Financial Times Editor says most
volatile day ever, not at tradable bottom, and this was a market crash at �40%
from top. GM shares on credit watch with negative implications
by S&P tumble 31 percent to 58-year low , Roubini: Rate Cuts Temporarily and Minimally Reduce
Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' , dollar down, oil up, Motek�s expert Bogel
of Vanguard fame points to speculative measure for wall street in 1929 as 280
which is even below and not as bad as the current measure of 320 in year 2008
indicative of the ridiculousness of the wall street debacle, It's Not You, It's the Market - Now Officially the
Worst S&P Decline in History �,on
top of previous sessions needful things on wall street saying MORE, taxpayer
money to bail them out for their consummate fraud, etc., MORE now
EU/Asian/fed/taxpayers� cooperation/contribution for their past, present and
future frauds, etc., to keep their ponzi-like scheme of worthless paper moving;
how about prosecution, prison, fines,�
and disgorgement for these mega billion dollar frauds, as 500 point
swing to the upside into the close (get your money out while you can-sell into
strength/rallies/take profits) on yet another b.s. talking point (I don�t think
so and neither does Cramer says Get Out Of The Market ) as Motek�s expert apparently shell-shocked talks in terms of washout
levels while another says bailout will take about 4 weeks to implement and not
sure if same will work [WON�T! There are trillions (some say in the hundreds of trillions) of
the fraudulent worthless paper out there] and points to negative economic fundamentals and says reduce
exposure to equities in favor of ie., money market treasuries, previous day buy
on rumor, sell on news (of fraud bailout) obtains, fundamentals horrendous as
economy loses more than expected 159,000 jobs, Motek�s economist/expert/trader
says serious economic issues remain and cites �73 to �74 when market fell 45%
top to bottom while securities expert says now focus is on fundamentals and not
a pretty picture and cautions about dilution, get your money out while you
can-sell into strength/rallies/take profits-that�s what they did , previously
hopes for fraudulent $4 trillion plus is
missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! �wall street fraud/criminal bailout �Grand Larceny� on a Monumental Scale: Does the Bailout
Bill Mark the End of America as We Know It? �can�t change reality as unemployment numbers highest in 7 years,
factory orders decline to lowest level in 2 years, food prices with largest
increase since 1990, previous 200 point swing to the upside on top
of 485 point� previous day gain with all
seriously negative news including sales drops of 16% at GM and 35% at Ford so
sell into these rallies/strength/take profits whil you can, economist Brusca
points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 �, U.S. Sept. ISM manufacturing index plunges to 43.5% (worst
since 1955), Bailout Would Only Prolong Crisis: Jim Rogers �,except for scandal-scarred corrupt commerce department which
reported unexpected rise in consumer sentiment (riiiiight�things are so
hunky-dory), all news decidedly negative with home prices falling an unexpected
record� 16.3 %, etc. Bailout marks
Karl Marx�s comeback �This is not brain surgery and the fraud,
bonuses/compensation (mortgages, subprime and otherwise, are only a relatively
small portion of the fraud/scam providing �cover/collateral� for the worthless
but heavily commissioned paper over and over again in a multiplicity of
different forms of worthless paper) in the mega-billions should first be
disgorged before taxpayers are forced to pony up and pay the frauds again for
their fraud which caused the problem in the first instance, must be prosecuted.
It should also be noted that despite the rhetoric, the wall street bailout
will NOT solve the crisis or eliminate the economic pain except to make
permanent the fraudulent wealth transfer to the most well healed
heals/frauds/criminals in the nation who caused the so-called crisis by their
greed/corruption/fraud.�� All news
decisively negative as WaMu becomes biggest bank to fail in US history (AP),
GDP revised downward to 2.8% in second quarter (the market previously rallied
on the false news and rallies again on the true bad news), only 30% at most support the taxpayer
bailout of the wall street frauds so count on tax revolts as predicted by
experts if the same passes , Sell
into any rallies/take profits as all problems remain and will be exacerbated by
the fact that the vast majority of taxpayers rationally and correctly opposed
the bailout of the wall street criminals who benefited from the fraud. Reaction
has been fast and furious 9-28-08[2:38 am]; take a look at some initial
comments. Sell into any strength/take profits because
with bank failures and raids on taxpayer funds and reckless printing like mad
of worthless Weimar dollars and fake data/reports and lies this is worse than
recession/bear market, �New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up
and durable goods orders down far more than expected, home prices drop by
record 9.5%, existing home sales down 2.2% as they continue to foist the wall
street criminal/fraud bailout on taxpayers which Bloomberg
now pegs at a cost of $5 trillion while other economists/experts say
hundreds of trillions [which means $700 billion down the tubes into the pockets
of the wall street criminals (make them pay) who created the mess through their
greed/fraud/scams and who�ve already reaped huge financial sums in the many
billions through compensation/bonuses (mortgages, subprime and otherwise, are
only a relatively small portion of the fraud/scam providing �cover/collateral�
for the worthless but heavily commissioned paper over and over again in a
multiplicity of different forms of worthless paper]; Motek�s financial expert,
Financial Times Business Editor cites thoroughly gloomy economic picture
globally and u.s. particularly, record levels of borrowing from fed, even with
passage of bailout dire economic/financial scenario will remain, and axiomatic
�buy on the rumor, sell on the news� picture for stocks while his
expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out
wall street criminals who should be in prison [and who should pay back/disgorge
the hundreds of billions they�ve been scamming by repackaging/recollateralizing
commissioning and reselling of which fraud/bubble I�ve been warning for over 5
years on this site-indeed they even have been exempted by congress for RICO
liability and meaningfully lawless application of other laws as I reiterate in
my RICO Summary under penalty of perjury to the
FBI at their request including RICO violations by Sam Alito, former u.s.
attorney (District of new jersey) who parlayed obstruction of justice (I�ve
sworn to this regarding drug-money laundering) into judicial appointments to
the 3rd circuit court of appeals with maryanne trump (Barry) and now the
so-called supreme court (he should have gone to jail) justice; how could anyone
even listen to bush (WMD�s in Iraq-I also warned against that debacle/fraud/war
crimes/profiteering) ] and he further says let the ceo�s go and some of the
failed institutions fail condemning the outrageousness of the lack of oversight
in this huge fraud/wealth transfer; and hanky panky paulson the wall street
shill whose $50 million in blind trust and $20 million in vanguard benefits from
this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so�
great opportunity to sell/take profits while you still can. One
democrat said that with 3 months remaining in war criminal (remember the lies)
bush�s lamentable failed presidency the grab based on fear that bailout of the
criminals who caused the problem and made huge sums from their heavily
commissioned fraud will avoid what already is can only be deemed another
fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting
conflict is also part of america�s problem, is preposterous on it�s face.A republican
said that the so-called over-sight provision utilizes a standard of judicial
review that would render impossible any purported review/abrogation (and after
the fact at that) of paulson�s largesse to his bro�s on wall street and bush
buddies.
�Mike Stathis The
Market Oracle September 22, 2008� As far as I�m concerned, anyone who doesn�t
conduct a full investigation of this charade leading to several CEOs and other
executives in prison with all of their assets being shuttled into America�s
bailout fund doesn�t have what it takes to lead America anywhere except on its
current course � downward. But it doesn�t really matter at this point anyway.
Washington and the greedy bankers have ensured the end of what was once a great
and proud nation filled with hope and opportunity. � , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit �,�
Financial terrorism: US taxpayers bail out Wall Street
criminals , A Bailout to Nowhere ��,�Cramer had said the astonishing 779-point
rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up
since all real news remains decisively negative as leading indicators fall, unemployment claims rise,
but� suckers� bear market rally b**l
s**t talking points without realistic, legitimate, sound foundation previously
rallied stocks in nearly 600 point swing to the upside as wall street
shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer
paid for by taxpayers (yet another bailout � tax revolts as predicted by
trendsresearch.com are a coming � McCain is quite right that land of fruits and
nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt
Nimmo | Congress critters, former Fed mob bosses want a public
boondoggle along the line of the Resolution Trust Corp. to bailout the
banksters) and
insurmountably increasing the defacto bankrupt government�s debt� in favor of the very well-healed
perpetrators of the fraud who should be prosecuted and forced to disgorge their
ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching
the ill-advised united
soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then
there was the ridiculous spike from fed�s announced printing/creating more
worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign
contributions does not even register a blip of difference in light of the
magnitude of the amount of debt, $14 trillion private/$15 trillion public, much
of which must be written down/off/non-performing . Don�t be wall street�s
(churn and earn) fool; time for them to pay up; time for you to sell/take
profits/cut losses! Housing construction
plunges 6.2 pct. in August� ,� Worst
is yet to come, investment strategist warns (at MarketWatch) �,
more gov�t bailout taxpayer money with ever more worthless Weimar dollars (fed
printing/creating them like mad) proves the only lunatics (yes, the full moon)
are not limited to those lunatic fraudulent wall street needful things who
should be prosecuted and forced to disgorge their ill-gotten gains, as united
soviet socialist states of america (who built up communist china so who could
have expected less)� takes 80% stake in
AIG, spreads widening as piles of worthless debt/securities/collateral unwind
so sell into these suckers� bear market rallies as all problems remain US Economy:
Rudderless and Reeling From Direct Hits �, Federal bank
insurance fund dwindling , More Socialism for
the Bankers: Fed to �Loan� AIG $85 Billion , economy so bad oil demand own, so cut your
losses/take whatever gains/get your money out while you still can as industrial
output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance
system pummels stock market , Rogers: Dollar To Lose World Reserve Status ,
AIG downgraded as financial
meltdown spreads , Wall Street mauled by
Lehman bankruptcy, AIG fears ,�
highest year over year foreclosures on record, retail down .3% while
inventories up, as bad news spurs over 150 point swing to the upside into the
close which shows irrationally fraudulent markets trying to keep suckers sucked
in for their commissioning pleasure, Bullish Sentiment Drops 30% �, CBOE Put-Call Ratio Indicates Negative Outlook ,
Get Ready For the S&P 500 to Break Below 1200 ,
WaMu cut to "junk," sees $4.5
billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession,
Job Losses , August
foreclosures hit another record high , federal/trade deficits among other bad
news worse than expected which previously rallied stocks (riiiiight!) on over
300 point swing to the upside (I don�t think so)� so sell into these ephemeral rallies/"strength�, Lehman
shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop
below 9,000,
election-year sugar/fake reports as Pending home sales fall more than expected 3.2%
, Fannie/Freddie
fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer
since they believe their fraudulent gains, many billions worth, might not be
touched - they should be disgorged through prosecution) as defacto bankrupt
government to commit� $100 billion each
to insolvent fannie/freddie ($200 billion they really don�t have to start
with), very ridiculous so sell into ephemeral rallies/"strength"
since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of
Crooks And Incompetents" �(more to follow this
update on 9-7-08) suckers� bear market/short-covering rally into the close on
200 point swing to the upside (riiiiight) on very bad news,� nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to
6.1%,� THE
LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports
, �Home
foreclosures reach record high , and keep in mind frauds/scams
like wall street today invariably unravel as reality bites with all news bad
(except for fake news) and worse than expected with new unemployment claims up
more than 15,000 on top of terrible back-to-school shopping/retail numbers,
though still sugar-coated for election year as sales at GM down 20% Ford down
26%, bankruptcies up, credit union taken over by feds, August ISM Index
down below 50 indicating contraction, construction
spending fell a larger-than-expected 0.6%, and spending
down to lowest level in 3 years with income declining .7% in contrast to
previous day�s suckers� bear market rally on light volume so great time to
sell/take profits while you can since all problems remain] Election-year feel
good typically false/embellished at best temporary report on GDP 58% better
than private forecasts along with that bastion of american credibility, the
scandal scarred prevaricating commerce department comes through with fraudulent
talking point for the wall street frauds with durable goods numbers exceeding
private economist estimates by 400% (I don�t think so!), as one of Motek�s
experts says GDP number from government, at best temporary blip from rebate
stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s.
doesn�t really have) and multi-national exports on weak dollar, seventh staight
monthly decline in payrolls in this real recession, and continued problems in
financial sector/real estate/defaults/writedowns; while another� seasoned expert says doesn�t look good
particularly for third and fourth quarters. Motek�s expert says FDIC might have
to borrow from treasury [ FDIC may borrow money from
Treasury ], second largest quarterly loss on record from thrifts at $5.4
billion, Fannie/Freddie fail the performance test, and precipitous fall in
leading economic indicators indicative of deeper/longer recession that we�re
already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real
estate price declines on high volume of�
foreclosure sales/high unsold inventories, high inflation as other than
the economic debacle it is, Motek�s expert reiterates reality of this bear
market, that stocks will resume slide, good time to sell since pricey/frothy at
avg. 24 P/E, that Freddie/Fannie bailout/gov�t. takeover inevitable, more
troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com)
] as loan defaults
extend losses in sub-prime, to now prime, commercial, student loans, credit
cards, even as inflation up, and outlook very bleak. Previously, another bank
failure, but they say existing home sales up greater than expected 3.1%�but
from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits
and nuts) and inventories of for sale/unsold homes at new record high since
tracking began in 1968 and worse to come, Chicago index of manufacturing down
indicating further economic weakness and Motek�s expert says �put� activity
indicates at least 10-15% more downside from here/government bailout ot
fannie/freddie inevitable and f/f stock worthless as all news decisively bad
beyond expectations though fudged to upside for election year and yet bernanke
who is printing worthless hyperinflationary Weimar dollars like mad soothed
(gives them fraudulent talking point) the frauds on wall street saying
essentially the economy is so bad inflation less of a problem (and no interest
rate hike-old news because of economic weakness and bad for dollar) sparking
suckers bear market rally on light volume, Buffett: We're
still in a recession, leading
indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take
profits since all problems remain and dollar mini-spike short-lived though some
fluctuations to upside on speculation other economies will tank.�� Wholesale prices: Highest
annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep
declines. That hub of
global manufacturing buzzing (riiiiight!) as empire state index as measured by
private economists expected to fall -4.2% but is reported up +2.8% (almost 300%
better-I don�t think so, and don�t buy the Brooklyn bridge, watches, swamp land
in jersey, etc.), inflation news double expectations Bracing for
Inflation
August 15, 2008 (BusinessWeek Growing evidence suggests American
consumers, businesspeople, and political leaders should all be bracing for
double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation
into the obscure world of so-called tech which provides, as in prior such ploys
(ie., dot-com bust, more recent bust, etc.) the world street frauds with the
ability to sell the sizzle since investors and americans generally don�t
understand it (ie., iphones are a joke where the so-called �computer� is merely
a restrictor of usual computer functions now tied into apple products and
government shill co att, and anyone who pays the premium for apple products is
a fool), and all news bad albeit fudged to the upside in this election
year.� Fake trade figures, more
writedowns/bad debt, still great opportunity to sell/take profits. Just another
frothy day in the rabidly fraudulent lunatic world of wall street and great
opportunity to sell/take profits since all problems remain and dollar
mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia �
don�t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to
understand fraudulent wall street euphoria over diversion (Georgia conflict)
from their massive fraud which brought much greater than expected losses at
fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee
Republican ) and triple-digit decline to triple digit upswing so especially great
opportunity to sell/take profits as glass-half-full kind of frauds point to
increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can
no longer� hide substantially increased
unemployment, etc., economy so bad oil demand declining which is shill point
for next stage of (new) wall street fraud/commissioned churn and earn scam
which the taxpayers just underwrote/paid for with complicit government,
executive/legislative/judicial branches/fed. Great opportunity to sell/take
profits since all problems remain as real numbers indicate previous decline in
GDP though falsely reported as gain, greater unemployment (watch for fake
numbers from government) and much more downside to come as stocks previously
rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT
UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON
PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE FOR
A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED
INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The
Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from
Seeking Alpha �AP Business Highlights A private research group says that Americans remain
the most pessimistic about the economy since the tail end of the last prolonged
recession 16 years ago. But economists warn that the slight uptick, which
reverses a six-month slide since January, is likely to be only temporary and
doesn't signal the beginning of a rally�Yahoo� the
survey only has weak correlation with actual spending, so Briefing.com
does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality
but false report from corrupt, scandal-scarred, criminal commerce department
(contrary to all expectations and contrary to all regional fed manufacturing
indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as
Reality trumps bull s**t! Sell dollar denominated assets as all problems
remain. El-Erian: Buy more foreign stocksEven in this century's
darkest days of recession and war, U.S. households kept on spending. But one of
the smartest investors on the planet says the American consumer is finally out
of steam. Even if, and
it is not, oil were the only problem, the same is just a disruption away from a
spike. Suckers� bear market/short-covering rally based on bull s**t alone, this
time by wall street shill paulson whose bailout rhetoric brings �irrational
exuberance� since wall street frauds should be prosecuted, required to disgorge
ill-gotten gains, and jailed since they�re the ones who benefited and are
escaping accountability by the bailout. Except for multi-nationals and
corporate welfare recipients (ie., Lockheed, etc.), greater than expected
losses in not millions but billions rallied the stocks. Remember, these are
huge financial institutions unlike the tiny S&Ls of the last banking
fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators
revised down (after �election year keep the incumbents� fake report). What do
you expect the wall street frauds/criminals who should be held accountable and
the failed (and illegal- constitution would have to be amended to enable Fed to
print those worthless Weimar dollars with now even failed Fannie and Freddie
getting some with taxpayer bailout) Fed to say; admit they royally f**ked up,
etc.,� better than expected very bad
news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200%� more (suuuuure!) than expected oil
inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad
less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE
PROFITS WHILE YOU CAN!] Similarities
between 1929 and 2008 terrifying �[In just the month of June, the Dow
dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the
quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an
anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost
12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October,
the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down
19.80%. A 20% drop from a market peak is considered the start of a bear market
� although many analysts say Wall Street already has a bear market mentality
(because the bear market already is. Some chart data/numbers on
bear markets: first chart second chart).] FAKE GOV�T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS�
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE
PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON
NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED
REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE
HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL
GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS
HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET� FOCUS/DEFLECTION ON CORE INFLATION IS A
SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE�D BE A
TROLLEY CAR.� [eND OF FIRST QUARTER DOW
�8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA
2008: The Great Depression. �High
Likelihood of a Market Crash Similarities
between 1929 and 2008 terrifying �I
WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR
POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN
AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO
STRENGTH/TAKE PROFITS/SELL). SUCKERS� BEAR MARKET/SHORT COVERING RALLY/NEW
BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE
PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9
INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST
PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE
TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS
THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH
AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS
SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO
RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT
DEPRESSION, SAYS IMF. VIX
TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL �YAHOO
FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS
NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR
DOLLAR TO FRAUD TO FAKE GOV�T REPORTS, suckers� bear market rally
into the close, Analysts say
more U.S. banks will fail �Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel
Soon Fannie Plan a `Disaster' to
Rogers; Goldman Says Sell �, why would anyone hold/invest in dollars (deficits, trade and
budget substantial, economic growth declining) so sell/take profits, if you�re
smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors
were encouraged by the possibility of more contributions to their fraud, and
Paulson says things are not as bad as the reports in this election year; he�s
right; they�re much worse! Remember greenspan�s perpetual envy of all the world
speeches; now Bernanke printing hyperinflationary Weimar dollars like mad;
they�re dreaming. Similarities
between 1929 and 2008 terrifying �U.S. stocks post sharp weekly losses; bear market that
already is now said nears , Stocks tumble as more bad economic news piles up,
Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth
time in seven months in May while median prices kept plunging, American Express
sees worsening credit conditions, but fake government report of higher than
expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low
, BlackRock sees global slowdown
worsening in 2009 , DOWNGRADES OF
BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC,
MBIA, AMERICA�S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES
ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY
POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED
AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A
GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND
PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW
YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE� PLUNGING, HOME BUILDERS� CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS
BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT
OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28
YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES
(IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL
TO THE UPSIDE� GOING FORWARD AS LESS
ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO
INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES
ARE WORSE THAN REPORTED (HE�S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP
MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH
REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000,
RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS
SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE�S A LITTLE
COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE
SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE
SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA,
VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND
ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER
PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE
COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS
THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH
OIL PRICES,�� BERNANKE JAWBONES DOLLAR
UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE
INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST
SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE
FALSE DATA,� IE., 6-5-08 UNEMPLOYMENT
CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS
INCLUDING� HOME EQUITY AT LOWEST LEVELS
SINCE WW2,� DOWNGRADES ON FINANCIALS
INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE
FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE
(ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE FOR A PRICE/FAVOR) WITH
THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE
SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS
EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP
SHARPLY, BIG DISCOUNTERS� GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH
SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING
CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION),
AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT,
LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD� �14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO
CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD
NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN
BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT
ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55%
BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I�M SURPRISED AT THE LOW PERCENTAGE
RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV�T REPORT
REVISING FIRST QUARTER GROWTH TO .9%�
(SUUUUURE� YOU THINK THE �WHAT HAPPENED� REVELATIONS, SUBSTANTIVELY
REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE
FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE � GREAT � RIIIIIGHT.
ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER
CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM
OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD
PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS.� DON�T FORGET: THIS ELECTION YEAR PRINT AND
SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE
DATA/REPORTS, ETC., CAN�T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE
FANTASY BUBBLE WILL BURST POST ELECTION. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? �The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch �More doom for global economy �Visualizing Dow 6,000 ��] Yahoo: The S&P 500 posted its largest percent gain in 69-years
on Monday, snapping an eight session losing streak in the process. The rebound
was fueled by several governments taking steps to shore up the financial system
and Morgan Stanley (MS 17.99, +8.31) completing its deal to receive a capital infusion
from a Japanese bank.The S&P 500 surged 11.6% in broad-based buying
interest and ended the day at sessions highs following a late-session
surge. The Dow rose 936 points -- its largest point gain ever and largest
percent gain since 1933. All ten of the economic sectors rallied, with gains
ranging from 7.2% (industrials) and 18.5% (energy). Overseas markets also
rallied, Hong Kong's Hang Seng spiked 10.1%, and Europe's Eurostoxx 600 rose
9.9%.With regard to the global efforts to help the financial markets, the Fed
and other central banks announced plans to provide as much dollar liquidity as
needed in short-term funding markets. The 15 eurozone countries said they will
guarantee new bank debt until the end of 2009. In addition, several European
countries announced plans to guarantee interbank landing and directly inject
capital in financial firms. The U.K. government plans to inject up to $63
billion in three U.K. banks.The U.S. is expected to outline a comprehensive
plan of its own as soon as Tuesday, and is likely to include interbank lending
and bank debt guarantees, and direct capital injections in financial
institutions.Investors will have a clearer picture of how credit markets will
react to the measures on Tuesday when banks and the Treasury markets reopen.
They were closed on Monday in observance of Columbus Day.Morgan Stanley and
Mitsubishi UFJ Financial confirmed the closing of a $9 billion, or 21%,
investment in MS, relieving some market concerns that the deal would fall apart
due to a recent plunge in shares of MS. Under the terms of the renegotiated deal,
MUFG acquired $7.8 billion perpetual noncumulative convertible preferred stock
at a 10% dividend and a conversion price of $25.25. MUFG also acquired $1.2
billion of perpetual noncumulative nonconvertible preferred stock with a 10%
dividend.The financial sector rose 10.2% with the investment banking and
brokerage industry group soaring 26.8%.The improved outlook of investors was
apparent in commodity trading, with the CRB Index climbing 3.0% as oil rose
5.3% to $81.85 per barrel. Conversely, gold prices fell 1.9% to $838.90 per
ounce.Although buying interest was mostly broad-based with 96% S&P 500
components posting a gain, not all stocks participated. General Electric (GE 21.37, -0.13) fell 0.6% despite its
diversified business. GE considered seeking a bank charter in order to access
government lending channels, Reuters reported, citing sources familiar with the
situation.The S&P 500 has spiked 19.5% from its multi-year intraday low
reached on Friday. The index is down 31.7% year-to-date and down 36.3% from its
October 2007 all-time high.DJ30 +936.42 NASDAQ +194.74 NQ100 +12.6% R2K +9.3%
SP400 +10.5% SP500 +104.13 NASDAQ Adv/Vol/Dec 2166/2.60 bln/357 NYSE
Adv/Vol/Dec 3029/1.82 bln/158 ..��
��AP Business Highlights
������� U.S. Economy: The Worst is Yet to
Come , U.S. Bank Failures Loom ,�� New reports give bleak
outlook on housing, economy, Foreclosures hit a record high � and more
coming,� Ford readies white-collar layoffs as sales tumble While GM
Shutters 4 North american Factories/Lays off Workers (Reuters), �April insured mortgage defaults rise (Reuters)�� ����
(10-10-08) 8,451.19 DOW� -128� �18.1% for week 1,649.51 �NASDAQ +4.39 �15.3% for week 899.22 S&P �10.70� �18.3% for week [CLOSE- OIL $77.70 (RECORD TRADING HIGH $147.27) GAS
$3.35 (reg. gas in LAND OF FRUITS AND NUTS�
$3.48 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $859/
SILVER $10.65/ PLATINUM $958/ DOLLAR= .74 EURO, 100 YEN, .58 POUND STERLING,
ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.88% ..�� ��AP Business
Highlights ������� ����]
Absolutely, Absurdly, Ridiculous!�
Programmed buy trades into the close to keep the suckers sucked in and
commission dollars flowing (the shameless wall street frauds made hundreds of
millions this week on high volume), thousand point swings to the upside-I don�t
think so, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 , �as yet again those needful
things on wall street say yet even MORE, MORE, MORE, MORE, MORE for the poor
(not really, in light of the mega billions in fraudulently derived commissions,
bonuses, compensation, which should and must be disgorged through prosecution)
frauds on wall street, retail down, unemployment at recession levels, modest losses
relative to reality so sell into strength/take profits, get your money out
while you can and don�t forget that the worthless hyperinflationary Weimar
dollars they�re printing like mad will, like the current fraud unraveling, come
home to roost� [Rogers:
Global Bankers Have Unleashed Hyperinflationary Holocaust ] making, assuming arguendo there are,� any wild-eyed purported gains to come
illusory/non-existent at best and further, national (and consumer) debt and
lack of industrial/manufacturing base/trade deficits make previous recovery
comparisons preposterous, Motek�s expert says on-going bear market since 2000
(market down 75% as measured in gold) with continued massive liquidations to
pay off debt and that attempts to reflate with bailouts will fail culminating
in hyperinflationary depression, while another expert says stocks could slug
around at bottom for extended period, while Financial Times Editor says most
volatile day ever, not at tradable bottom, and this was a market crash at �40%
from top. GM shares on credit watch with negative implications
by S&P tumble 31 percent to 58-year low , Roubini: Rate Cuts Temporarily and Minimally Reduce
Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' , dollar down, oil up, Motek�s expert Bogel
of Vanguard fame points to speculative measure for wall street in 1929 as 280
which is even below and not as bad as the current measure of 320 in year 2008
indicative of the ridiculousness of the wall street debacle, It's Not You, It's the Market - Now Officially the
Worst S&P Decline in History �,on
top of previous sessions needful things on wall street saying MORE, taxpayer
money to bail them out for their consummate fraud, etc., MORE now
EU/Asian/fed/taxpayers� cooperation/contribution for their past, present and
future frauds, etc., to keep their ponzi-like scheme of worthless paper moving;
how about prosecution, prison, fines,�
and disgorgement for these mega billion dollar frauds, as 500 point
swing to the upside into the close (get your money out while you can-sell into
strength/rallies/take profits) on yet another b.s. talking point (I don�t think
so and neither does Cramer says Get Out Of The Market ) as Motek�s expert apparently shell-shocked talks in terms of washout
levels while another says bailout will take about 4 weeks to implement and not
sure if same will work [WON�T! There are trillions (some say in the hundreds of trillions) of
the fraudulent worthless paper out there] and points to negative economic fundamentals and says reduce
exposure to equities in favor of ie., money market treasuries, previous day buy
on rumor, sell on news (of fraud bailout) obtains, fundamentals horrendous as
economy loses more than expected 159,000 jobs, Motek�s economist/expert/trader
says serious economic issues remain and cites �73 to �74 when market fell 45%
top to bottom while securities expert says now focus is on fundamentals and not
a pretty picture and cautions about dilution, get your money out while you
can-sell into strength/rallies/take profits-that�s what they did , previously hopes
for fraudulent $4 trillion plus is
missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! �wall street fraud/criminal bailout �Grand Larceny� on a Monumental Scale: Does the Bailout
Bill Mark the End of America as We Know It? �can�t change reality as unemployment numbers highest in 7 years,
factory orders decline to lowest level in 2 years, food prices with largest
increase since 1990, previous 200 point swing to the upside on top
of 485 point� previous day gain with all
seriously negative news including sales drops of 16% at GM and 35% at Ford so
sell into these rallies/strength/take profits whil you can, economist Brusca
points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 �, U.S. Sept. ISM manufacturing index plunges to 43.5% (worst
since 1955), Bailout Would Only Prolong Crisis: Jim Rogers �,except for scandal-scarred corrupt commerce department which
reported unexpected rise in consumer sentiment (riiiiight�things are so
hunky-dory), all news decidedly negative with home prices falling an unexpected
record� 16.3 %, etc. Bailout marks
Karl Marx�s comeback �This is not brain surgery and the fraud,
bonuses/compensation (mortgages, subprime and otherwise, are only a relatively
small portion of the fraud/scam providing �cover/collateral� for the worthless
but heavily commissioned paper over and over again in a multiplicity of
different forms of worthless paper) in the mega-billions should first be
disgorged before taxpayers are forced to pony up and pay the frauds again for
their fraud which caused the problem in the first instance, must be prosecuted.
It should also be noted that despite the rhetoric, the wall street bailout
will NOT solve the crisis or eliminate the economic pain except to make
permanent the fraudulent wealth transfer to the most well healed
heals/frauds/criminals in the nation who caused the so-called crisis by their
greed/corruption/fraud.�� All news
decisively negative as WaMu becomes biggest bank to fail in US history (AP),
GDP revised downward to 2.8% in second quarter (the market previously rallied
on the false news and rallies again on the true bad news), only 30% at most support the taxpayer
bailout of the wall street frauds so count on tax revolts as predicted by
experts if the same passes , Sell
into any rallies/take profits as all problems remain and will be exacerbated by
the fact that the vast majority of taxpayers rationally and correctly opposed
the bailout of the wall street criminals who benefited from the fraud. Reaction
has been fast and furious 9-28-08[2:38 am]; take a look at some initial
comments. Sell into any strength/take profits because
with bank failures and raids on taxpayer funds and reckless printing like mad
of worthless Weimar dollars and fake data/reports and lies this is worse than
recession/bear market, �New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up
and durable goods orders down far more than expected, home prices drop by
record 9.5%, existing home sales down 2.2% as they continue to foist the wall
street criminal/fraud bailout on taxpayers which Bloomberg
now pegs at a cost of $5 trillion while other economists/experts say
hundreds of trillions [which means $700 billion down the tubes into the pockets
of the wall street criminals (make them pay) who created the mess through their
greed/fraud/scams and who�ve already reaped huge financial sums in the many
billions through compensation/bonuses (mortgages, subprime and otherwise, are
only a relatively small portion of the fraud/scam providing �cover/collateral�
for the worthless but heavily commissioned paper over and over again in a
multiplicity of different forms of worthless paper]; Motek�s financial expert,
Financial Times Business Editor cites thoroughly gloomy economic picture
globally and u.s. particularly, record levels of borrowing from fed, even with
passage of bailout dire economic/financial scenario will remain, and axiomatic
�buy on the rumor, sell on the news� picture for stocks while his
expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out
wall street criminals who should be in prison [and who should pay back/disgorge
the hundreds of billions they�ve been scamming by repackaging/recollateralizing
commissioning and reselling of which fraud/bubble I�ve been warning for over 5
years on this site-indeed they even have been exempted by congress for RICO
liability and meaningfully lawless application of other laws as I reiterate in
my RICO Summary under penalty of perjury to the
FBI at their request including RICO violations by Sam Alito, former u.s.
attorney (District of new jersey) who parlayed obstruction of justice (I�ve
sworn to this regarding drug-money laundering) into judicial appointments to
the 3rd circuit court of appeals with maryanne trump (Barry) and now the
so-called supreme court (he should have gone to jail) justice; how could anyone
even listen to bush (WMD�s in Iraq-I also warned against that debacle/fraud/war
crimes/profiteering) ] and he further says let the ceo�s go and some of the
failed institutions fail condemning the outrageousness of the lack of oversight
in this huge fraud/wealth transfer; and hanky panky paulson the wall street
shill whose $50 million in blind trust and $20 million in vanguard benefits
from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so�
great opportunity to sell/take profits while you still can. One
democrat said that with 3 months remaining in war criminal (remember the lies)
bush�s lamentable failed presidency the grab based on fear that bailout of the
criminals who caused the problem and made huge sums from their heavily
commissioned fraud will avoid what already is can only be deemed another
fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting
conflict is also part of america�s problem, is preposterous on it�s face.A
republican said that the so-called over-sight provision utilizes a standard of
judicial review that would render impossible any purported review/abrogation
(and after the fact at that) of paulson�s largesse to his bro�s on wall street
and bush buddies. �Mike
Stathis The Market Oracle September 22, 2008� As far as I�m concerned, anyone
who doesn�t conduct a full investigation of this charade leading to several
CEOs and other executives in prison with all of their assets being shuttled
into America�s bailout fund doesn�t have what it takes to lead America anywhere
except on its current course � downward. But it doesn�t really matter at this
point anyway. Washington and the greedy bankers have ensured the end of what
was once a great and proud nation filled with hope and opportunity. � , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit �,�
Financial terrorism: US taxpayers bail out Wall Street
criminals , A Bailout to Nowhere ��,�Cramer had said the astonishing 779-point
rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up
since all real news remains decisively negative as leading indicators fall, unemployment claims rise,
but� suckers� bear market rally b**l
s**t talking points without realistic, legitimate, sound foundation previously
rallied stocks in nearly 600 point swing to the upside as wall street
shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer
paid for by taxpayers (yet another bailout � tax revolts as predicted by
trendsresearch.com are a coming � McCain is quite right that land of fruits and
nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt
Nimmo | Congress critters, former Fed mob bosses want a public
boondoggle along the line of the Resolution Trust Corp. to bailout the
banksters) and
insurmountably increasing the defacto bankrupt government�s debt� in favor of the very well-healed
perpetrators of the fraud who should be prosecuted and forced to disgorge their
ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching
the ill-advised united
soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then
there was the ridiculous spike from fed�s announced printing/creating more
worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign
contributions does not even register a blip of difference in light of the
magnitude of the amount of debt, $14 trillion private/$15 trillion public, much
of which must be written down/off/non-performing . Don�t be wall street�s
(churn and earn) fool; time for them to pay up; time for you to sell/take
profits/cut losses! Housing construction
plunges 6.2 pct. in August� ,� Worst
is yet to come, investment strategist warns (at MarketWatch) �,
more gov�t bailout taxpayer money with ever more worthless Weimar dollars (fed
printing/creating them like mad) proves the only lunatics (yes, the full moon)
are not limited to those lunatic fraudulent wall street needful things who
should be prosecuted and forced to disgorge their ill-gotten gains, as united
soviet socialist states of america (who built up communist china so who could
have expected less)� takes 80% stake in
AIG, spreads widening as piles of worthless debt/securities/collateral unwind
so sell into these suckers� bear market rallies as all problems remain US Economy:
Rudderless and Reeling From Direct Hits �, Federal bank
insurance fund dwindling , More Socialism for
the Bankers: Fed to �Loan� AIG $85 Billion , economy so bad oil demand own, so cut your
losses/take whatever gains/get your money out while you still can as industrial
output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance
system pummels stock market , Rogers: Dollar To Lose World Reserve Status ,
AIG downgraded as financial
meltdown spreads , Wall Street mauled by
Lehman bankruptcy, AIG fears ,�
highest year over year foreclosures on record, retail down .3% while
inventories up, as bad news spurs over 150 point swing to the upside into the
close which shows irrationally fraudulent markets trying to keep suckers sucked
in for their commissioning pleasure, Bullish Sentiment Drops 30% �, CBOE Put-Call Ratio Indicates Negative Outlook ,
Get Ready For the S&P 500 to Break Below 1200 ,
WaMu cut to "junk," sees $4.5
billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession,
Job Losses , August
foreclosures hit another record high , federal/trade deficits among other bad
news worse than expected which previously rallied stocks (riiiiight!) on over
300 point swing to the upside (I don�t think so)� so sell into these ephemeral rallies/"strength�, Lehman
shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop
below 9,000,
election-year sugar/fake reports as Pending home sales fall more than expected 3.2%
, Fannie/Freddie
fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer
since they believe their fraudulent gains, many billions worth, might not be
touched - they should be disgorged through prosecution) as defacto bankrupt
government to commit� $100 billion each
to insolvent fannie/freddie ($200 billion they really don�t have to start
with), very ridiculous so sell into ephemeral rallies/"strength"
since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of
Crooks And Incompetents" �(more to follow this
update on 9-7-08) suckers� bear market/short-covering rally into the close on
200 point swing to the upside (riiiiight) on very bad news,� nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to
6.1%,� THE
LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports
, �Home
foreclosures reach record high , and keep in mind frauds/scams
like wall street today invariably unravel as reality bites with all news bad
(except for fake news) and worse than expected with new unemployment claims up
more than 15,000 on top of terrible back-to-school shopping/retail numbers,
though still sugar-coated for election year as sales at GM down 20% Ford down
26%, bankruptcies up, credit union taken over by feds, August ISM Index
down below 50 indicating contraction, construction
spending fell a larger-than-expected 0.6%, and spending
down to lowest level in 3 years with income declining .7% in contrast to
previous day�s suckers� bear market rally on light volume so great time to
sell/take profits while you can since all problems remain] Election-year feel
good typically false/embellished at best temporary report on GDP 58% better
than private forecasts along with that bastion of american credibility, the
scandal scarred prevaricating commerce department comes through with fraudulent
talking point for the wall street frauds with durable goods numbers exceeding
private economist estimates by 400% (I don�t think so!), as one of Motek�s
experts says GDP number from government, at best temporary blip from rebate
stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s.
doesn�t really have) and multi-national exports on weak dollar, seventh staight
monthly decline in payrolls in this real recession, and continued problems in
financial sector/real estate/defaults/writedowns; while another� seasoned expert says doesn�t look good
particularly for third and fourth quarters. Motek�s expert says FDIC might have
to borrow from treasury [ FDIC may borrow money from
Treasury ], second largest quarterly loss on record from thrifts at $5.4
billion, Fannie/Freddie fail the performance test, and precipitous fall in
leading economic indicators indicative of deeper/longer recession that we�re
already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real
estate price declines on high volume of�
foreclosure sales/high unsold inventories, high inflation as other than
the economic debacle it is, Motek�s expert reiterates reality of this bear
market, that stocks will resume slide, good time to sell since pricey/frothy at
avg. 24 P/E, that Freddie/Fannie bailout/gov�t. takeover inevitable, more
troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com)
] as loan defaults
extend losses in sub-prime, to now prime, commercial, student loans, credit
cards, even as inflation up, and outlook very bleak. Previously, another bank
failure, but they say existing home sales up greater than expected 3.1%�but
from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits
and nuts) and inventories of for sale/unsold homes at new record high since
tracking began in 1968 and worse to come, Chicago index of manufacturing down
indicating further economic weakness and Motek�s expert says �put� activity
indicates at least 10-15% more downside from here/government bailout ot
fannie/freddie inevitable and f/f stock worthless as all news decisively bad
beyond expectations though fudged to upside for election year and yet bernanke
who is printing worthless hyperinflationary Weimar dollars like mad soothed
(gives them fraudulent talking point) the frauds on wall street saying
essentially the economy is so bad inflation less of a problem (and no interest
rate hike-old news because of economic weakness and bad for dollar) sparking
suckers bear market rally on light volume, Buffett: We're
still in a recession, leading
indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take
profits since all problems remain and dollar mini-spike short-lived though some
fluctuations to upside on speculation other economies will tank.�� Wholesale prices: Highest
annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep
declines. That hub of
global manufacturing buzzing (riiiiight!) as empire state index as measured by
private economists expected to fall -4.2% but is reported up +2.8% (almost 300%
better-I don�t think so, and don�t buy the Brooklyn bridge, watches, swamp land
in jersey, etc.), inflation news double expectations Bracing for
Inflation
August 15, 2008 (BusinessWeek Growing evidence suggests American
consumers, businesspeople, and political leaders should all be bracing for
double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation
into the obscure world of so-called tech which provides, as in prior such ploys
(ie., dot-com bust, more recent bust, etc.) the world street frauds with the
ability to sell the sizzle since investors and americans generally don�t
understand it (ie., iphones are a joke where the so-called �computer� is merely
a restrictor of usual computer functions now tied into apple products and
government shill co att, and anyone who pays the premium for apple products is
a fool), and all news bad albeit fudged to the upside in this election
year.� Fake trade figures, more
writedowns/bad debt, still great opportunity to sell/take profits. Just another
frothy day in the rabidly fraudulent lunatic world of wall street and great
opportunity to sell/take profits since all problems remain and dollar
mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia �
don�t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to
understand fraudulent wall street euphoria over diversion (Georgia conflict)
from their massive fraud which brought much greater than expected losses at
fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee
Republican ) and triple-digit decline to triple digit upswing so especially great
opportunity to sell/take profits as glass-half-full kind of frauds point to
increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can
no longer� hide substantially increased
unemployment, etc., economy so bad oil demand declining which is shill point
for next stage of (new) wall street fraud/commissioned churn and earn scam
which the taxpayers just underwrote/paid for with complicit government,
executive/legislative/judicial branches/fed. Great opportunity to sell/take
profits since all problems remain as real numbers indicate previous decline in
GDP though falsely reported as gain, greater unemployment (watch for fake
numbers from government) and much more downside to come as stocks previously
rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT
UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON
PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE
FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED,
UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The
Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from
Seeking Alpha �AP Business Highlights A private research group says that Americans remain
the most pessimistic about the economy since the tail end of the last prolonged
recession 16 years ago. But economists warn that the slight uptick, which
reverses a six-month slide since January, is likely to be only temporary and
doesn't signal the beginning of a rally�Yahoo� the
survey only has weak correlation with actual spending, so Briefing.com
does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality
but false report from corrupt, scandal-scarred, criminal commerce department
(contrary to all expectations and contrary to all regional fed manufacturing
indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as
Reality trumps bull s**t! Sell dollar denominated assets as all problems
remain. El-Erian: Buy more foreign stocksEven in this century's
darkest days of recession and war, U.S. households kept on spending. But one of
the smartest investors on the planet says the American consumer is finally out
of steam. Even if, and
it is not, oil were the only problem, the same is just a disruption away from a
spike. Suckers� bear market/short-covering rally based on bull s**t alone, this
time by wall street shill paulson whose bailout rhetoric brings �irrational
exuberance� since wall street frauds should be prosecuted, required to disgorge
ill-gotten gains, and jailed since they�re the ones who benefited and are
escaping accountability by the bailout. Except for multi-nationals and corporate
welfare recipients (ie., Lockheed, etc.), greater than expected losses in not
millions but billions rallied the stocks. Remember, these are huge financial
institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer
(to frauds at expense of taxpayers). Leading indicators revised down (after
�election year keep the incumbents� fake report). What do you expect the wall
street frauds/criminals who should be held accountable and the failed (and
illegal- constitution would have to be amended to enable Fed to print those
worthless Weimar dollars with now even failed Fannie and Freddie getting some
with taxpayer bailout) Fed to say; admit they royally f**ked up, etc.,� better than expected very bad news, ie.,
Citibank loses only $2.5 billion, hyperinflation, over 200%� more (suuuuure!) than expected oil
inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad
less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS
WHILE YOU CAN!] Similarities
between 1929 and 2008 terrifying �[In just the month of June, the Dow
dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the
quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an
anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost
12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October,
the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down
19.80%. A 20% drop from a market peak is considered the start of a bear market
� although many analysts say Wall Street already has a bear market mentality
(because the bear market already is. Some chart data/numbers on
bear markets: first chart second chart).] FAKE GOV�T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS�
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE
PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON
NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED
REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE
HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL
GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS
HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET� FOCUS/DEFLECTION ON CORE INFLATION IS A
SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE�D BE A
TROLLEY CAR.� [eND OF FIRST QUARTER DOW
�8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA
2008: The Great Depression. �High
Likelihood of a Market Crash Similarities
between 1929 and 2008 terrifying �I
WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR
POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN
AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO
STRENGTH/TAKE PROFITS/SELL). SUCKERS� BEAR MARKET/SHORT COVERING RALLY/NEW
BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE
PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9
INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST
PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE
TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS
THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH
AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS
SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO
RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT
DEPRESSION, SAYS IMF. VIX
TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL �YAHOO
FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS
NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR
DOLLAR TO FRAUD TO FAKE GOV�T REPORTS, suckers� bear market rally
into the close, Analysts say
more U.S. banks will fail �Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel
Soon Fannie Plan a `Disaster' to
Rogers; Goldman Says Sell �, why would anyone hold/invest in dollars (deficits, trade and
budget substantial, economic growth declining) so sell/take profits, if you�re
smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors
were encouraged by the possibility of more contributions to their fraud, and
Paulson says things are not as bad as the reports in this election year; he�s
right; they�re much worse! Remember greenspan�s perpetual envy of all the world
speeches; now Bernanke printing hyperinflationary Weimar dollars like mad;
they�re dreaming. Similarities
between 1929 and 2008 terrifying �U.S. stocks post sharp weekly losses; bear market that
already is now said nears , Stocks tumble as more bad economic news piles up,
Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth
time in seven months in May while median prices kept plunging, American Express
sees worsening credit conditions, but fake government report of higher than
expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low
, BlackRock sees global slowdown
worsening in 2009 , DOWNGRADES OF
BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC,
MBIA, AMERICA�S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES
ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY
POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED
AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A
GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND
PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW
YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE� PLUNGING, HOME BUILDERS� CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS
BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT
OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28
YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES
(IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL
TO THE UPSIDE� GOING FORWARD AS LESS ETHANOL
SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES
SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE
THAN REPORTED (HE�S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6
MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%,
JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE
THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET
FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE�S A LITTLE COST-ACCOUNTING TRICK
WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS
IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT
IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS
FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO
GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD
IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH
INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY
RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,�� BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT,
SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL
LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL
IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE
DATA,� IE., 6-5-08 UNEMPLOYMENT CLAIMS
DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS
INCLUDING� HOME EQUITY AT LOWEST LEVELS
SINCE WW2,� DOWNGRADES ON FINANCIALS
INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE
FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE
(ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE FOR A PRICE/FAVOR) WITH
THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE
SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS
EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY,
BIG DISCOUNTERS� GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING
LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION,
CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING
$2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE
DECLINES FOR REAL ESTATE OF RECORD�
�14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER
INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS
RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS
CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR
INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT
ECONOMIC POLICY IS POOR (I�M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO
REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV�T REPORT REVISING
FIRST QUARTER GROWTH TO .9%� (SUUUUURE�
YOU THINK THE �WHAT HAPPENED� REVELATIONS, SUBSTANTIVELY REPORTED ON THIS
WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS
ARE NOT AS BAD AS THEY REALLY ARE � GREAT � RIIIIIGHT. ANALYST EMPASIZES
TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH
TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL
BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND
TOUGH ENVIRONMENT FOR REFINERS.� DON�T
FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN
GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN�T CONTINUE IN LIGHT OF
SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? �The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch �More doom for global economy �Visualizing Dow 6,000 ��] Yahoo: The stock market posted its eighth consecutive loss in an
extremely volatile session, which marked a fitting end to one of the most
tumultuous weeks ever. The S&P 500 settled with a loss of 1.2%, which was
actually a pretty decent result considering how far it was down at session
lows.The S&P 500 plunged 7.7% on the open with global economic fears
driving the selling interest. The index then quickly bounced back into positive
territory, only to retreat toward session lows in afternoon trade. Then, in the
final hour of the session, the S&P 500 rebounded from a loss of 7.3% to a
gain of 2.9%, and eventually ended the day with a loss of 1.2%. Trading
volume on the NYSE was one the third heaviest on record, with 2.95 billion
shares exchanging hands.Eight of the ten economic sectors posted a loss.
Small-cap stocks outperformed, with the Russell 2000 surging 4.7%.Continued
tightness of credit markets and uncertainty regarding the economic outlook
fueled the volatility. The TED spread, which is the difference between what
banks charge each other for three-month dollar loans (three-month Libor) and
what the government pays (three-month T-Bill) rose 40 basis points to 4.64%.
For comparison, the TED spread averaged 0.36% in 2006. The volatility index,
which is considered to reflect market fear, spiked to its highest level on
record.Overseas stock markets, which closed before the U.S. stock market
rebounded, saw some of their worst sessions in decades. In Asian trading,
Japan's Nikkei fell 9.6% and Hong Kong's Hang Seng dropped 7.2%. In Europe,
London's FTSE fell 8.9%, Germany's DAX dropped 7.0% and France's CAC declined
7.7%.In corporate news, Lehman Brothers bonds were priced at 8.63 cents on the
dollar during an auction by credit default swap (CDS) sellers, according to
Creditfixings.com. In other words, firms that sold protection against Lehman
defaulting on its debt, known as CDS, will be forced to pay 91.37 cents on the
dollar to reimburse those who bought the protection -- resulting in steep
losses for the firms that sold CDS.Separately, Morgan Stanley (MS 9.68, -2.77) and Goldman Sachs (GS 88.80, -12.55) tumbled 22.3% and
12.4%, respectively, after the long-term credit ratings of both companies were
put on review for a downgrade at Moody's.Still, the financial sector (7.0%)
outperformed, as traders scooped up the recently beaten up shares of real
estate investment trusts, regional banks (+9.5%) and large
diversified firms (+10.2%), such as JPMorgan Chase (JPM 41.64, +4.96) and Citigroup (C 14.11, +1.18).In earnings news, General Electric (GE 21.50, +2.49) posted a 10%
year-over-year drop in third quarter earnings per share to $0.45, which met
estimates. The company also said it is on track to meet its full year guidance
and will maintain its dividend for the full year. Shares of GE rallied
13%, helping the industrial sector outperform with a gain of 1.8%.Commodities
plunged 6.7% and oil prices fell 6.9% to $80.61 per barrel as traders
speculated a global economic slowdown will crimp consumption. The dollar
advanced 1.6%, which also played a role in some of the decline in
commodities.The drop in oil prices weighed on energy stocks, which fell
8.1%.For the week, the Dow, Nasdaq and S&P 500 declined 18.2%, 15.3% and
18.2%, respectively. For the year, the Dow, Nasdaq and S&P 500 are
down 36.3%, 37.8% and 38.8%, respectively. DJ30 -128.00 NASDAQ +4.39 NQ100
-0.4% R2K +4.7% SP400 +0.2% SP500 -10.70 NASDAQ Adv/Vol/Dec 1356/4.17 bln/1393
NYSE Adv/Vol/Dec 1122/2.95 bln/2284 ..��
��AP Business Highlights
������� U.S. Economy: The Worst is Yet to
Come , U.S. Bank Failures Loom ,�� New reports give bleak
outlook on housing, economy, Foreclosures hit a record high � and more
coming,� Ford readies white-collar layoffs as sales tumble While GM
Shutters 4 North american Factories/Lays off Workers (Reuters), �April insured mortgage defaults rise (Reuters)�� ����
(10-9-08) 8,579.19 DOW� -678.91 1,645.13 NASDAQ �95.21 909.92 S&P �75.02� [CLOSE- OIL $86.62 (RECORD TRADING HIGH $147.27) GAS $3.53(reg. gas in LAND OF
FRUITS AND NUTS� $3.58 REG./ $4.22
MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $886.51/ SILVER $11.88/ PLATINUM
$989/ DOLLAR= .73 EURO, 98 YEN, .58 POUND STERLING, ETC. (How low can you go -
LOWER)/ 10 YR NOTE YIELD 3.78% ..��
��AP Business Highlights
������� ����] Yet again those needful
things on wall street say yet even MORE, MORE, MORE, MORE for the poor (not
really, in light of the mega billions in fraudulently derived commissions,
bonuses, compensation, which should and must be disgorged through prosecution)
frauds on wall street ,� Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 �, GM shares on credit watch with negative implications
by S&P tumble 31 percent to 58-year low , retail down, unemployment at recession
levels, previous session sees modest losses relative to reality so sell into
strength/take profits, get your money out while you can Roubini: Rate Cuts Temporarily and Minimally Reduce
Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' , dollar down, oil up, Motek�s expert Bogel
of Vanguard fame points to speculative measure for wall street in 1929 as 280
which is even below and not as bad as the current measure of 320 in year 2008
indicative of the ridiculousness of the wall street debacle, It's Not You, It's the Market - Now Officially the
Worst S&P Decline in History �,on
top of previous sessions needful things on wall street saying MORE, taxpayer
money to bail them out for their consummate fraud, etc., MORE now
EU/Asian/fed/taxpayers� cooperation/contribution for their past, present and
future frauds, etc., to keep their ponzi-like scheme of worthless paper moving;
how about prosecution, prison, fines,�
and disgorgement for these mega billion dollar frauds, as 500 point
swing to the upside into the close (get your money out while you can-sell into
strength/rallies/take profits) on yet another b.s. talking point (I don�t think
so and neither does Cramer says Get Out Of The Market ) as Motek�s expert apparently shell-shocked talks in terms of washout
levels while another says bailout will take about 4 weeks to implement and not
sure if same will work [WON�T! There are trillions (some say in the hundreds of trillions) of
the fraudulent worthless paper out there] and points to negative economic fundamentals and says reduce
exposure to equities in favor of ie., money market treasuries, previous day buy
on rumor, sell on news (of fraud bailout) obtains, fundamentals horrendous as
economy loses more than expected 159,000 jobs, Motek�s economist/expert/trader
says serious economic issues remain and cites �73 to �74 when market fell 45%
top to bottom while securities expert says now focus is on fundamentals and not
a pretty picture and cautions about dilution, get your money out while you
can-sell into strength/rallies/take profits-that�s what they did , previously
hopes for fraudulent $4 trillion plus is
missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! �wall street fraud/criminal bailout �Grand Larceny� on a Monumental Scale: Does the Bailout
Bill Mark the End of America as We Know It? �can�t change reality as unemployment numbers highest in 7 years,
factory orders decline to lowest level in 2 years, food prices with largest
increase since 1990, previous 200 point swing to the upside on top
of 485 point� previous day gain with all
seriously negative news including sales drops of 16% at GM and 35% at Ford so
sell into these rallies/strength/take profits whil you can, economist Brusca
points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 �, U.S. Sept. ISM manufacturing index plunges to 43.5% (worst
since 1955), Bailout Would Only Prolong Crisis: Jim Rogers �,except for scandal-scarred corrupt commerce department which
reported unexpected rise in consumer sentiment (riiiiight�things are so
hunky-dory), all news decidedly negative with home prices falling an unexpected
record� 16.3 %, etc. Bailout marks
Karl Marx�s comeback �This is not brain surgery and the fraud,
bonuses/compensation (mortgages, subprime and otherwise, are only a relatively
small portion of the fraud/scam providing �cover/collateral� for the worthless
but heavily commissioned paper over and over again in a multiplicity of
different forms of worthless paper) in the mega-billions should first be
disgorged before taxpayers are forced to pony up and pay the frauds again for
their fraud which caused the problem in the first instance, must be prosecuted.
It should also be noted that despite the rhetoric, the wall street bailout
will NOT solve the crisis or eliminate the economic pain except to make
permanent the fraudulent wealth transfer to the most well healed
heals/frauds/criminals in the nation who caused the so-called crisis by their
greed/corruption/fraud.�� All news
decisively negative as WaMu becomes biggest bank to fail in US history (AP),
GDP revised downward to 2.8% in second quarter (the market previously rallied
on the false news and rallies again on the true bad news), only 30% at most support the taxpayer
bailout of the wall street frauds so count on tax revolts as predicted by
experts if the same passes , Sell
into any rallies/take profits as all problems remain and will be exacerbated by
the fact that the vast majority of taxpayers rationally and correctly opposed
the bailout of the wall street criminals who benefited from the fraud. Reaction
has been fast and furious 9-28-08[2:38 am]; take a look at some initial
comments. Sell into any strength/take profits because
with bank failures and raids on taxpayer funds and reckless printing like mad
of worthless Weimar dollars and fake data/reports and lies this is worse than
recession/bear market, �New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up
and durable goods orders down far more than expected, home prices drop by
record 9.5%, existing home sales down 2.2% as they continue to foist the wall
street criminal/fraud bailout on taxpayers which Bloomberg
now pegs at a cost of $5 trillion while other economists/experts say
hundreds of trillions [which means $700 billion down the tubes into the pockets
of the wall street criminals (make them pay) who created the mess through their
greed/fraud/scams and who�ve already reaped huge financial sums in the many
billions through compensation/bonuses (mortgages, subprime and otherwise, are
only a relatively small portion of the fraud/scam providing �cover/collateral�
for the worthless but heavily commissioned paper over and over again in a
multiplicity of different forms of worthless paper]; Motek�s financial expert,
Financial Times Business Editor cites thoroughly gloomy economic picture
globally and u.s. particularly, record levels of borrowing from fed, even with
passage of bailout dire economic/financial scenario will remain, and axiomatic
�buy on the rumor, sell on the news� picture for stocks while his
expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out
wall street criminals who should be in prison [and who should pay back/disgorge
the hundreds of billions they�ve been scamming by repackaging/recollateralizing
commissioning and reselling of which fraud/bubble I�ve been warning for over 5
years on this site-indeed they even have been exempted by congress for RICO
liability and meaningfully lawless application of other laws as I reiterate in
my RICO Summary under penalty of perjury to the
FBI at their request including RICO violations by Sam Alito, former u.s.
attorney (District of new jersey) who parlayed obstruction of justice (I�ve
sworn to this regarding drug-money laundering) into judicial appointments to
the 3rd circuit court of appeals with maryanne trump (Barry) and now the
so-called supreme court (he should have gone to jail) justice; how could anyone
even listen to bush (WMD�s in Iraq-I also warned against that debacle/fraud/war
crimes/profiteering) ] and he further says let the ceo�s go and some of the
failed institutions fail condemning the outrageousness of the lack of oversight
in this huge fraud/wealth transfer; and hanky panky paulson the wall street
shill whose $50 million in blind trust and $20 million in vanguard benefits
from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so�
great opportunity to sell/take profits while you still can. One
democrat said that with 3 months remaining in war criminal (remember the lies)
bush�s lamentable failed presidency the grab based on fear that bailout of the
criminals who caused the problem and made huge sums from their heavily
commissioned fraud will avoid what already is can only be deemed another
fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting
conflict is also part of america�s problem, is preposterous on it�s face.A
republican said that the so-called over-sight provision utilizes a standard of
judicial review that would render impossible any purported review/abrogation
(and after the fact at that) of paulson�s largesse to his bro�s on wall street
and bush buddies. �Mike
Stathis The Market Oracle September 22, 2008� As far as I�m concerned, anyone
who doesn�t conduct a full investigation of this charade leading to several
CEOs and other executives in prison with all of their assets being shuttled
into America�s bailout fund doesn�t have what it takes to lead America anywhere
except on its current course � downward. But it doesn�t really matter at this
point anyway. Washington and the greedy bankers have ensured the end of what
was once a great and proud nation filled with hope and opportunity. � , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit �,�
Financial terrorism: US taxpayers bail out Wall Street
criminals , A Bailout to Nowhere ��,�Cramer had said the astonishing 779-point
rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up
since all real news remains decisively negative as leading indicators fall, unemployment claims rise,
but� suckers� bear market rally b**l
s**t talking points without realistic, legitimate, sound foundation previously
rallied stocks in nearly 600 point swing to the upside as wall street
shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer
paid for by taxpayers (yet another bailout � tax revolts as predicted by
trendsresearch.com are a coming � McCain is quite right that land of fruits and
nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt
Nimmo | Congress critters, former Fed mob bosses want a public
boondoggle along the line of the Resolution Trust Corp. to bailout the
banksters) and
insurmountably increasing the defacto bankrupt government�s debt� in favor of the very well-healed
perpetrators of the fraud who should be prosecuted and forced to disgorge their
ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching
the ill-advised united
soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then
there was the ridiculous spike from fed�s announced printing/creating more
worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign
contributions does not even register a blip of difference in light of the
magnitude of the amount of debt, $14 trillion private/$15 trillion public, much
of which must be written down/off/non-performing . Don�t be wall street�s
(churn and earn) fool; time for them to pay up; time for you to sell/take
profits/cut losses! Housing construction plunges
6.2 pct. in August� ,� Worst is
yet to come, investment strategist warns (at MarketWatch) �,
more gov�t bailout taxpayer money with ever more worthless Weimar dollars (fed
printing/creating them like mad) proves the only lunatics (yes, the full moon)
are not limited to those lunatic fraudulent wall street needful things who
should be prosecuted and forced to disgorge their ill-gotten gains, as united
soviet socialist states of america (who built up communist china so who could
have expected less)� takes 80% stake in
AIG, spreads widening as piles of worthless debt/securities/collateral unwind
so sell into these suckers� bear market rallies as all problems remain US Economy:
Rudderless and Reeling From Direct Hits �, Federal bank
insurance fund dwindling , More Socialism for
the Bankers: Fed to �Loan� AIG $85 Billion , economy so bad oil demand own, so cut your
losses/take whatever gains/get your money out while you still can as industrial
output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance
system pummels stock market , Rogers: Dollar To Lose World Reserve Status ,
AIG downgraded as financial
meltdown spreads , Wall Street mauled by
Lehman bankruptcy, AIG fears ,�
highest year over year foreclosures on record, retail down .3% while
inventories up, as bad news spurs over 150 point swing to the upside into the
close which shows irrationally fraudulent markets trying to keep suckers sucked
in for their commissioning pleasure, Bullish Sentiment Drops 30% �, CBOE Put-Call Ratio Indicates Negative Outlook ,
Get Ready For the S&P 500 to Break Below 1200 ,
WaMu cut to "junk," sees $4.5
billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession,
Job Losses , August
foreclosures hit another record high , federal/trade deficits among other bad
news worse than expected which previously rallied stocks (riiiiight!) on over
300 point swing to the upside (I don�t think so)� so sell into these ephemeral rallies/"strength�, Lehman
shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop
below 9,000,
election-year sugar/fake reports as Pending home sales fall more than expected 3.2%
, Fannie/Freddie
fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer
since they believe their fraudulent gains, many billions worth, might not be
touched - they should be disgorged through prosecution) as defacto bankrupt
government to commit� $100 billion each
to insolvent fannie/freddie ($200 billion they really don�t have to start
with), very ridiculous so sell into ephemeral rallies/"strength"
since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of
Crooks And Incompetents" �(more to follow this
update on 9-7-08) suckers� bear market/short-covering rally into the close on
200 point swing to the upside (riiiiight) on very bad news,� nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to
6.1%,� THE
LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports
, �Home
foreclosures reach record high , and keep in mind frauds/scams
like wall street today invariably unravel as reality bites with all news bad
(except for fake news) and worse than expected with new unemployment claims up
more than 15,000 on top of terrible back-to-school shopping/retail numbers,
though still sugar-coated for election year as sales at GM down 20% Ford down
26%, bankruptcies up, credit union taken over by feds, August ISM Index
down below 50 indicating contraction, construction
spending fell a larger-than-expected 0.6%, and spending
down to lowest level in 3 years with income declining .7% in contrast to
previous day�s suckers� bear market rally on light volume so great time to
sell/take profits while you can since all problems remain] Election-year feel
good typically false/embellished at best temporary report on GDP 58% better
than private forecasts along with that bastion of american credibility, the
scandal scarred prevaricating commerce department comes through with fraudulent
talking point for the wall street frauds with durable goods numbers exceeding
private economist estimates by 400% (I don�t think so!), as one of Motek�s
experts says GDP number from government, at best temporary blip from rebate
stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s.
doesn�t really have) and multi-national exports on weak dollar, seventh staight
monthly decline in payrolls in this real recession, and continued problems in
financial sector/real estate/defaults/writedowns; while another� seasoned expert says doesn�t look good
particularly for third and fourth quarters. Motek�s expert says FDIC might have
to borrow from treasury [ FDIC may borrow money from
Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion,
Fannie/Freddie fail the performance test, and precipitous fall in leading
economic indicators indicative of deeper/longer recession that we�re already in
so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real
estate price declines on high volume of�
foreclosure sales/high unsold inventories, high inflation as other than
the economic debacle it is, Motek�s expert reiterates reality of this bear
market, that stocks will resume slide, good time to sell since pricey/frothy at
avg. 24 P/E, that Freddie/Fannie bailout/gov�t. takeover inevitable, more
troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com)
] as loan defaults
extend losses in sub-prime, to now prime, commercial, student loans, credit
cards, even as inflation up, and outlook very bleak. Previously, another bank
failure, but they say existing home sales up greater than expected 3.1%�but
from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits
and nuts) and inventories of for sale/unsold homes at new record high since
tracking began in 1968 and worse to come, Chicago index of manufacturing down
indicating further economic weakness and Motek�s expert says �put� activity
indicates at least 10-15% more downside from here/government bailout ot
fannie/freddie inevitable and f/f stock worthless as all news decisively bad
beyond expectations though fudged to upside for election year and yet bernanke
who is printing worthless hyperinflationary Weimar dollars like mad soothed
(gives them fraudulent talking point) the frauds on wall street saying
essentially the economy is so bad inflation less of a problem (and no interest
rate hike-old news because of economic weakness and bad for dollar) sparking
suckers bear market rally on light volume, Buffett: We're
still in a recession, leading
indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take
profits since all problems remain and dollar mini-spike short-lived though some
fluctuations to upside on speculation other economies will tank.�� Wholesale prices: Highest
annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep
declines. That hub of
global manufacturing buzzing (riiiiight!) as empire state index as measured by
private economists expected to fall -4.2% but is reported up +2.8% (almost 300%
better-I don�t think so, and don�t buy the Brooklyn bridge, watches, swamp land
in jersey, etc.), inflation news double expectations Bracing for
Inflation
August 15, 2008 (BusinessWeek Growing evidence suggests American
consumers, businesspeople, and political leaders should all be bracing for
double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation
into the obscure world of so-called tech which provides, as in prior such ploys
(ie., dot-com bust, more recent bust, etc.) the world street frauds with the
ability to sell the sizzle since investors and americans generally don�t understand
it (ie., iphones are a joke where the so-called �computer� is merely a
restrictor of usual computer functions now tied into apple products and
government shill co att, and anyone who pays the premium for apple products is
a fool), and all news bad albeit fudged to the upside in this election
year.� Fake trade figures, more
writedowns/bad debt, still great opportunity to sell/take profits. Just another
frothy day in the rabidly fraudulent lunatic world of wall street and great
opportunity to sell/take profits since all problems remain and dollar
mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia �
don�t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to
understand fraudulent wall street euphoria over diversion (Georgia conflict)
from their massive fraud which brought much greater than expected losses at
fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee
Republican ) and triple-digit decline to triple digit upswing so especially great
opportunity to sell/take profits as glass-half-full kind of frauds point to
increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can
no longer� hide substantially increased
unemployment, etc., economy so bad oil demand declining which is shill point
for next stage of (new) wall street fraud/commissioned churn and earn scam
which the taxpayers just underwrote/paid for with complicit government,
executive/legislative/judicial branches/fed. Great opportunity to sell/take
profits since all problems remain as real numbers indicate previous decline in
GDP though falsely reported as gain, greater unemployment (watch for fake
numbers from government) and much more downside to come as stocks previously
rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT
UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON
PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE
FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED,
UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The
Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from
Seeking Alpha �AP Business Highlights A private research group says that Americans remain
the most pessimistic about the economy since the tail end of the last prolonged
recession 16 years ago. But economists warn that the slight uptick, which
reverses a six-month slide since January, is likely to be only temporary and
doesn't signal the beginning of a rally�Yahoo� the
survey only has weak correlation with actual spending, so Briefing.com
does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality
but false report from corrupt, scandal-scarred, criminal commerce department
(contrary to all expectations and contrary to all regional fed manufacturing
indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as
Reality trumps bull s**t! Sell dollar denominated assets as all problems
remain. El-Erian: Buy more foreign stocksEven in this century's
darkest days of recession and war, U.S. households kept on spending. But one of
the smartest investors on the planet says the American consumer is finally out
of steam. Even if, and
it is not, oil were the only problem, the same is just a disruption away from a
spike. Suckers� bear market/short-covering rally based on bull s**t alone, this
time by wall street shill paulson whose bailout rhetoric brings �irrational
exuberance� since wall street frauds should be prosecuted, required to disgorge
ill-gotten gains, and jailed since they�re the ones who benefited and are
escaping accountability by the bailout. Except for multi-nationals and
corporate welfare recipients (ie., Lockheed, etc.), greater than expected
losses in not millions but billions rallied the stocks. Remember, these are
huge financial institutions unlike the tiny S&Ls of the last banking
fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators
revised down (after �election year keep the incumbents� fake report). What do
you expect the wall street frauds/criminals who should be held accountable and
the failed (and illegal- constitution would have to be amended to enable Fed to
print those worthless Weimar dollars with now even failed Fannie and Freddie
getting some with taxpayer bailout) Fed to say; admit they royally f**ked up,
etc.,� better than expected very bad
news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200%� more (suuuuure!) than expected oil
inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad
less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE
PROFITS WHILE YOU CAN!] Similarities
between 1929 and 2008 terrifying �[In just the month of June, the Dow
dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the
quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an
anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost
12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October,
the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down
19.80%. A 20% drop from a market peak is considered the start of a bear market
� although many analysts say Wall Street already has a bear market mentality
(because the bear market already is. Some chart data/numbers on
bear markets: first chart second chart).] FAKE GOV�T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS�
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE
PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON
NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED
REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE
HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL
GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS
HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET� FOCUS/DEFLECTION ON CORE INFLATION IS A
SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE�D BE A
TROLLEY CAR.� [eND OF FIRST QUARTER DOW
�8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA
2008: The Great Depression. �High Likelihood
of a Market Crash Similarities
between 1929 and 2008 terrifying �I
WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR
POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN
AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO
STRENGTH/TAKE PROFITS/SELL). SUCKERS� BEAR MARKET/SHORT COVERING RALLY/NEW
BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE
PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9
INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST
PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE
TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS
THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH
AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS
SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO
RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT
DEPRESSION, SAYS IMF. VIX
TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL �YAHOO
FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS
NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR
DOLLAR TO FRAUD TO FAKE GOV�T REPORTS, suckers� bear market rally
into the close, Analysts say
more U.S. banks will fail �Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel
Soon Fannie Plan a `Disaster' to
Rogers; Goldman Says Sell �, why would anyone hold/invest in dollars (deficits, trade and
budget substantial, economic growth declining) so sell/take profits, if you�re
smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors
were encouraged by the possibility of more contributions to their fraud, and
Paulson says things are not as bad as the reports in this election year; he�s
right; they�re much worse! Remember greenspan�s perpetual envy of all the world
speeches; now Bernanke printing hyperinflationary Weimar dollars like mad;
they�re dreaming. Similarities
between 1929 and 2008 terrifying �U.S. stocks post sharp weekly losses; bear market that
already is now said nears , Stocks tumble as more bad economic news piles up,
Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth
time in seven months in May while median prices kept plunging, American Express
sees worsening credit conditions, but fake government report of higher than
expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low
, BlackRock sees global slowdown
worsening in 2009 , DOWNGRADES OF
BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC,
MBIA, AMERICA�S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES
ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY
POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED
AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A
GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND
PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW
YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE� PLUNGING, HOME BUILDERS� CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS
BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT
OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28
YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES
(IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL
TO THE UPSIDE� GOING FORWARD AS LESS
ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO
INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES
ARE WORSE THAN REPORTED (HE�S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP
MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH
REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000,
RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS
SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE�S A LITTLE
COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE
SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE
SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA,
VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND
ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER
PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE
COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS
THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH
OIL PRICES,�� BERNANKE JAWBONES DOLLAR
UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE
INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST
SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE
FALSE DATA,� IE., 6-5-08 UNEMPLOYMENT
CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS
INCLUDING� HOME EQUITY AT LOWEST LEVELS
SINCE WW2,� DOWNGRADES ON FINANCIALS
INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE
FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE
(ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE FOR A PRICE/FAVOR) WITH
THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE
SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS
EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP
SHARPLY, BIG DISCOUNTERS� GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH
SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING
CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION),
AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT,
LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD� �14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO
CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD
NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN
BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT
ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55%
BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I�M SURPRISED AT THE LOW PERCENTAGE
RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV�T REPORT
REVISING FIRST QUARTER GROWTH TO .9%�
(SUUUUURE� YOU THINK THE �WHAT HAPPENED� REVELATIONS, SUBSTANTIVELY
REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE
FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE � GREAT � RIIIIIGHT. ANALYST
EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE
(WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS
REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON
PRICES AND TOUGH ENVIRONMENT FOR REFINERS.�
DON�T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR
DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN�T
CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST
POST ELECTION. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? �The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch �More doom for global economy �Visualizing Dow 6,000 ��] Yahoo: Stocks finished the session near their lows Thursday, despite
beginning the trading day with healthy gains. A late-session sell-off took the
Dow to its lowest level in more than five years and a long-time Dow component
to its worst point since 1950. Trading was upbeat early on when tech bellwether
IBM
(IBM 89.00,
-1.55) preannounced a third quarter earnings surprise, central banks in the Far
East cut interest rates, and investors assessed comments from the Treasury that
indicated it may inject capital directly into banks. Dow component
IBM gave investors some temporary reassurance that the tech sector hasn't
turned over. IBM said that third quarter earnings would total $2.05 per share,
which is more than analysts were expecting. On the downside, the company did
fall short of the consensus revenue forecast, but stated it remains confident
it will hit its full-year earnings forecast of $8.75 per share. Tech posted a
gain for much of the session, but finished 3.4% lower. Central banks in South
Korea, Hong Kong and Taiwan all moved to cut target interest rates, according
to Financial Times. The move came just one day after the Federal
Reserve and several other major central banks slashed interest rates in a
coordinated effort to mitigate economic risks. Investors reacted to a speech
made yesterday by Treasury Secretary Paulson that the recently approved $700
billion emergency financial rescue plan would permit direct capital infusions
into banks. Reuters reported injections could start as soon as the end of the
month. Despite the plan's intent to help shore up balance sheets at financial
companies, the sector was hit with heavy selling pressure. It was up 3.6% early
on, but closed 11.7% lower as every one of its industry groups floundered.
Losses were most significant among regional banks (-15.2%), investment banks
and brokers (-15.7%), and insurance companies (-16.8%). Part of the ongoing
efforts to shore up the financial system have the New York Fed entering into an
agreement with subsidiaries of AIG (AIG 2.39, -0.80). Their agreement calls
for the subsidiaries to exchange investment grade fixed income securities for
up to $37.8 billion in cash. The energy sector (-11.4%) also posted deep
losses. The downturn is generally owed to fear of demand destruction
for oil amid slower economic activity. In turn, oil futures were recently
indicated below $85 per barrel, down nearly 12% year-to-date. That has OPEC calling
for an emergency meeting Nov. 18. It is being presumed that OPEC will
agree to cut production. Thursday marked the first session after the ban
on short-selling certain financial stocks expired. The ban was originally
limited to 799 financial stocks, but was later expanded to include some
nonfinancial companies, such as Dow component General Motors (GM 4.76 -2.15). Shares of GM have been
consistently listed on the Dow since 1925, but slumped to their lowest level
since 1950 as participants assess the challenges facing the company. GM was
placed on CreditWatch Negative at Standard & Poor's as the firm assessed
the weakening state of global automotive markets, along with capital market
conditions that remain challenging. Heavy selling pressure pushed the Dow well
below 9000. The index has not been that low since mid-2003. The session's
action also had the volatility index, VIX, above 60 for the first time ever.
The latest initial claims report was generally relegated to the back burner
since it didn't bring any surprises. Claims for the week ended Oct. 4 fell
20,000 to 478,000, which is generally in-line with the consensus estimate of
475,000. The four-week moving average bumped up to 482,500 and continuing
claims hit 3.66 million from 3.60 million the week before. DJ30 -678.91 NASDAQ
-95.21 SP500 -75.02 NASDAQ Adv/Vol/Dec 470/2.99 bln/2515 NYSE Adv/Vol/Dec
205/2.00 bln/2859 ..�� ��AP
Business Highlights ������� U.S. Economy: The Worst is Yet to
Come , U.S. Bank Failures Loom ,�� New reports give bleak
outlook on housing, economy, Foreclosures hit a record high � and more
coming,� Ford readies white-collar layoffs as sales tumble While GM
Shutters 4 North american Factories/Lays off Workers (Reuters), �April insured mortgage defaults rise (Reuters)�� ����
(10-8-08) 9,258.10 DOW� -189.01 1,740.33 NASDAQ �14.55 984.94 S&P �11.29� [CLOSE- OIL $88.64 (RECORD TRADING HIGH $147.27) GAS $3.53(reg. gas in LAND OF
FRUITS AND NUTS� $3.58 REG./ $4.22
MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $889.74/ SILVER $11.58/ PLATINUM
$989/ DOLLAR= .73 EURO, 100 YEN, .57 POUND STERLING, ETC. (How low can you go -
LOWER)/ 10 YR NOTE YIELD 3.69% ..��
��AP Business Highlights
��� ��������] Modest losses relative to reality so sell into
strength/take profits, get your money out while you can Roubini: Rate Cuts Temporarily and Minimally Reduce
Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' �as
yet again those needful things on wall street say even MORE, MORE, MORE for the
poor (not really, in light of the mega billions in fraudulently derived
commissions, bonuses, compensation, which should and must be disgorged through
prosecution) frauds on wall street, dollar down, oil up, Motek�s expert Bogel
of Vanguard fame points to speculative measure for wall street in 1929 as 280
which is even below and not as bad as the current measure of 320 in year 2008
indicative of the ridiculousness of the wall street debacle, It's Not You, It's the Market - Now Officially the
Worst S&P Decline in History �,on
top of previous sessions needful things on wall street saying MORE, taxpayer
money to bail them out for their consummate fraud, etc., MORE now
EU/Asian/fed/taxpayers� cooperation/contribution for their past, present and
future frauds, etc., to keep their ponzi-like scheme of worthless paper moving;
how about prosecution, prison, fines,�
and disgorgement for these mega billion dollar frauds, as 500 point
swing to the upside into the close (get your money out while you can-sell into
strength/rallies/take profits) on yet another b.s. talking point (I don�t think
so and neither does Cramer says Get Out Of The Market ) as Motek�s expert apparently shell-shocked talks in terms of washout
levels while another says bailout will take about 4 weeks to implement and not
sure if same will work [WON�T! There are trillions (some say in the hundreds of trillions) of
the fraudulent worthless paper out there] and points to negative economic fundamentals and says reduce
exposure to equities in favor of ie., money market treasuries, previous day buy
on rumor, sell on news (of fraud bailout) obtains, fundamentals horrendous as
economy loses more than expected 159,000 jobs, Motek�s economist/expert/trader
says serious economic issues remain and cites �73 to �74 when market fell 45%
top to bottom while securities expert says now focus is on fundamentals and not
a pretty picture and cautions about dilution, get your money out while you can-sell
into strength/rallies/take profits-that�s what they did , previously hopes for
fraudulent $4 trillion plus is
missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! �wall street fraud/criminal bailout �Grand Larceny� on a Monumental Scale: Does the Bailout
Bill Mark the End of America as We Know It? �can�t change reality as unemployment numbers highest in 7 years,
factory orders decline to lowest level in 2 years, food prices with largest
increase since 1990, previous 200 point swing to the upside on top
of 485 point� previous day gain with all
seriously negative news including sales drops of 16% at GM and 35% at Ford so
sell into these rallies/strength/take profits whil you can, economist Brusca
points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 �, U.S. Sept. ISM manufacturing index plunges to 43.5% (worst
since 1955), Bailout Would Only Prolong Crisis: Jim Rogers �,except for scandal-scarred corrupt commerce department which
reported unexpected rise in consumer sentiment (riiiiight�things are so
hunky-dory), all news decidedly negative with home prices falling an unexpected
record� 16.3 %, etc. Bailout marks
Karl Marx�s comeback �This is not brain surgery and the fraud,
bonuses/compensation (mortgages, subprime and otherwise, are only a relatively
small portion of the fraud/scam providing �cover/collateral� for the worthless
but heavily commissioned paper over and over again in a multiplicity of
different forms of worthless paper) in the mega-billions should first be
disgorged before taxpayers are forced to pony up and pay the frauds again for
their fraud which caused the problem in the first instance, must be prosecuted.
It should also be noted that despite the rhetoric, the wall street bailout
will NOT solve the crisis or eliminate the economic pain except to make
permanent the fraudulent wealth transfer to the most well healed
heals/frauds/criminals in the nation who caused the so-called crisis by their
greed/corruption/fraud.�� All news
decisively negative as WaMu becomes biggest bank to fail in US history (AP),
GDP revised downward to 2.8% in second quarter (the market previously rallied
on the false news and rallies again on the true bad news), only 30% at most support the taxpayer
bailout of the wall street frauds so count on tax revolts as predicted by
experts if the same passes , Sell
into any rallies/take profits as all problems remain and will be exacerbated by
the fact that the vast majority of taxpayers rationally and correctly opposed
the bailout of the wall street criminals who benefited from the fraud. Reaction
has been fast and furious 9-28-08[2:38 am]; take a look at some initial
comments. Sell into any strength/take profits because
with bank failures and raids on taxpayer funds and reckless printing like mad
of worthless Weimar dollars and fake data/reports and lies this is worse than
recession/bear market, �New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up
and durable goods orders down far more than expected, home prices drop by
record 9.5%, existing home sales down 2.2% as they continue to foist the wall
street criminal/fraud bailout on taxpayers which Bloomberg
now pegs at a cost of $5 trillion while other economists/experts say
hundreds of trillions [which means $700 billion down the tubes into the pockets
of the wall street criminals (make them pay) who created the mess through their
greed/fraud/scams and who�ve already reaped huge financial sums in the many
billions through compensation/bonuses (mortgages, subprime and otherwise, are
only a relatively small portion of the fraud/scam providing �cover/collateral�
for the worthless but heavily commissioned paper over and over again in a
multiplicity of different forms of worthless paper]; Motek�s financial expert,
Financial Times Business Editor cites thoroughly gloomy economic picture
globally and u.s. particularly, record levels of borrowing from fed, even with
passage of bailout dire economic/financial scenario will remain, and axiomatic
�buy on the rumor, sell on the news� picture for stocks while his
expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out
wall street criminals who should be in prison [and who should pay back/disgorge
the hundreds of billions they�ve been scamming by repackaging/recollateralizing
commissioning and reselling of which fraud/bubble I�ve been warning for over 5
years on this site-indeed they even have been exempted by congress for RICO
liability and meaningfully lawless application of other laws as I reiterate in
my RICO Summary under penalty of perjury to the
FBI at their request including RICO violations by Sam Alito, former u.s.
attorney (District of new jersey) who parlayed obstruction of justice (I�ve
sworn to this regarding drug-money laundering) into judicial appointments to
the 3rd circuit court of appeals with maryanne trump (Barry) and now the
so-called supreme court (he should have gone to jail) justice; how could anyone
even listen to bush (WMD�s in Iraq-I also warned against that debacle/fraud/war
crimes/profiteering) ] and he further says let the ceo�s go and some of the
failed institutions fail condemning the outrageousness of the lack of oversight
in this huge fraud/wealth transfer; and hanky panky paulson the wall street
shill whose $50 million in blind trust and $20 million in vanguard benefits
from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so�
great opportunity to sell/take profits while you still can. One
democrat said that with 3 months remaining in war criminal (remember the lies)
bush�s lamentable failed presidency the grab based on fear that bailout of the
criminals who caused the problem and made huge sums from their heavily
commissioned fraud will avoid what already is can only be deemed another
fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting
conflict is also part of america�s problem, is preposterous on it�s face.A
republican said that the so-called over-sight provision utilizes a standard of
judicial review that would render impossible any purported review/abrogation
(and after the fact at that) of paulson�s largesse to his bro�s on wall street
and bush buddies. �Mike
Stathis The Market Oracle September 22, 2008� As far as I�m concerned, anyone
who doesn�t conduct a full investigation of this charade leading to several
CEOs and other executives in prison with all of their assets being shuttled
into America�s bailout fund doesn�t have what it takes to lead America anywhere
except on its current course � downward. But it doesn�t really matter at this
point anyway. Washington and the greedy bankers have ensured the end of what
was once a great and proud nation filled with hope and opportunity. � , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit �,�
Financial terrorism: US taxpayers bail out Wall Street
criminals , A Bailout to Nowhere ��,�Cramer had said the astonishing 779-point
rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up
since all real news remains decisively negative as leading indicators fall, unemployment claims rise,
but� suckers� bear market rally b**l
s**t talking points without realistic, legitimate, sound foundation previously
rallied stocks in nearly 600 point swing to the upside as wall street
shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer
paid for by taxpayers (yet another bailout � tax revolts as predicted by
trendsresearch.com are a coming � McCain is quite right that land of fruits and
nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt
Nimmo | Congress critters, former Fed mob bosses want a public
boondoggle along the line of the Resolution Trust Corp. to bailout the
banksters) and
insurmountably increasing the defacto bankrupt government�s debt� in favor of the very well-healed
perpetrators of the fraud who should be prosecuted and forced to disgorge their
ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching
the ill-advised united
soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then
there was the ridiculous spike from fed�s announced printing/creating more
worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign
contributions does not even register a blip of difference in light of the
magnitude of the amount of debt, $14 trillion private/$15 trillion public, much
of which must be written down/off/non-performing . Don�t be wall street�s (churn
and earn) fool; time for them to pay up; time for you to sell/take profits/cut
losses! Housing construction
plunges 6.2 pct. in August� ,� Worst
is yet to come, investment strategist warns (at MarketWatch) �,
more gov�t bailout taxpayer money with ever more worthless Weimar dollars (fed
printing/creating them like mad) proves the only lunatics (yes, the full moon)
are not limited to those lunatic fraudulent wall street needful things who
should be prosecuted and forced to disgorge their ill-gotten gains, as united
soviet socialist states of america (who built up communist china so who could
have expected less)� takes 80% stake in
AIG, spreads widening as piles of worthless debt/securities/collateral unwind
so sell into these suckers� bear market rallies as all problems remain US Economy:
Rudderless and Reeling From Direct Hits �, Federal bank
insurance fund dwindling , More Socialism for
the Bankers: Fed to �Loan� AIG $85 Billion , economy so bad oil demand own, so cut your
losses/take whatever gains/get your money out while you still can as industrial
output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance
system pummels stock market , Rogers: Dollar To Lose World Reserve Status ,
AIG downgraded as financial
meltdown spreads , Wall Street mauled by
Lehman bankruptcy, AIG fears ,�
highest year over year foreclosures on record, retail down .3% while
inventories up, as bad news spurs over 150 point swing to the upside into the
close which shows irrationally fraudulent markets trying to keep suckers sucked
in for their commissioning pleasure, Bullish Sentiment Drops 30% �, CBOE Put-Call Ratio Indicates Negative Outlook ,
Get Ready For the S&P 500 to Break Below 1200 ,
WaMu cut to "junk," sees $4.5
billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession,
Job Losses , August
foreclosures hit another record high , federal/trade deficits among other bad
news worse than expected which previously rallied stocks (riiiiight!) on over
300 point swing to the upside (I don�t think so)� so sell into these ephemeral rallies/"strength�, Lehman
shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop
below 9,000,
election-year sugar/fake reports as Pending home sales fall more than expected 3.2%
, Fannie/Freddie
fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer
since they believe their fraudulent gains, many billions worth, might not be
touched - they should be disgorged through prosecution) as defacto bankrupt
government to commit� $100 billion each
to insolvent fannie/freddie ($200 billion they really don�t have to start
with), very ridiculous so sell into ephemeral rallies/"strength"
since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of
Crooks And Incompetents" �(more to follow this
update on 9-7-08) suckers� bear market/short-covering rally into the close on
200 point swing to the upside (riiiiight) on very bad news,� nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to
6.1%,� THE
LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports
, �Home
foreclosures reach record high , and keep in mind frauds/scams
like wall street today invariably unravel as reality bites with all news bad
(except for fake news) and worse than expected with new unemployment claims up
more than 15,000 on top of terrible back-to-school shopping/retail numbers,
though still sugar-coated for election year as sales at GM down 20% Ford down
26%, bankruptcies up, credit union taken over by feds, August ISM Index
down below 50 indicating contraction, construction
spending fell a larger-than-expected 0.6%, and spending
down to lowest level in 3 years with income declining .7% in contrast to
previous day�s suckers� bear market rally on light volume so great time to
sell/take profits while you can since all problems remain] Election-year feel
good typically false/embellished at best temporary report on GDP 58% better
than private forecasts along with that bastion of american credibility, the
scandal scarred prevaricating commerce department comes through with fraudulent
talking point for the wall street frauds with durable goods numbers exceeding
private economist estimates by 400% (I don�t think so!), as one of Motek�s
experts says GDP number from government, at best temporary blip from rebate
stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s.
doesn�t really have) and multi-national exports on weak dollar, seventh staight
monthly decline in payrolls in this real recession, and continued problems in
financial sector/real estate/defaults/writedowns; while another� seasoned expert says doesn�t look good
particularly for third and fourth quarters. Motek�s expert says FDIC might have
to borrow from treasury [ FDIC may borrow money from
Treasury ], second largest quarterly loss on record from thrifts at $5.4
billion, Fannie/Freddie fail the performance test, and precipitous fall in
leading economic indicators indicative of deeper/longer recession that we�re
already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real
estate price declines on high volume of�
foreclosure sales/high unsold inventories, high inflation as other than
the economic debacle it is, Motek�s expert reiterates reality of this bear market,
that stocks will resume slide, good time to sell since pricey/frothy at avg. 24
P/E, that Freddie/Fannie bailout/gov�t. takeover inevitable, more troubled
banks [ FDIC's Problem Banks List Balloons (at TheStreet.com)
] as loan defaults
extend losses in sub-prime, to now prime, commercial, student loans, credit
cards, even as inflation up, and outlook very bleak. Previously, another bank
failure, but they say existing home sales up greater than expected 3.1%�but
from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits
and nuts) and inventories of for sale/unsold homes at new record high since
tracking began in 1968 and worse to come, Chicago index of manufacturing down
indicating further economic weakness and Motek�s expert says �put� activity
indicates at least 10-15% more downside from here/government bailout ot
fannie/freddie inevitable and f/f stock worthless as all news decisively bad
beyond expectations though fudged to upside for election year and yet bernanke
who is printing worthless hyperinflationary Weimar dollars like mad soothed
(gives them fraudulent talking point) the frauds on wall street saying essentially
the economy is so bad inflation less of a problem (and no interest rate
hike-old news because of economic weakness and bad for dollar) sparking suckers
bear market rally on light volume, Buffett: We're
still in a recession, leading
indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take
profits since all problems remain and dollar mini-spike short-lived though some
fluctuations to upside on speculation other economies will tank.�� Wholesale prices: Highest
annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep
declines. That hub of
global manufacturing buzzing (riiiiight!) as empire state index as measured by
private economists expected to fall -4.2% but is reported up +2.8% (almost 300%
better-I don�t think so, and don�t buy the Brooklyn bridge, watches, swamp land
in jersey, etc.), inflation news double expectations Bracing for
Inflation
August 15, 2008 (BusinessWeek Growing evidence suggests American
consumers, businesspeople, and political leaders should all be bracing for
double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation
into the obscure world of so-called tech which provides, as in prior such ploys
(ie., dot-com bust, more recent bust, etc.) the world street frauds with the
ability to sell the sizzle since investors and americans generally don�t
understand it (ie., iphones are a joke where the so-called �computer� is merely
a restrictor of usual computer functions now tied into apple products and
government shill co att, and anyone who pays the premium for apple products is
a fool), and all news bad albeit fudged to the upside in this election year.� Fake trade figures, more writedowns/bad
debt, still great opportunity to sell/take profits. Just another frothy day in
the rabidly fraudulent lunatic world of wall street and great opportunity to
sell/take profits since all problems remain and dollar mini-spike short-lived.
Fog of war ( U.S. Attacks Russia Through Client State Georgia �
don�t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to
understand fraudulent wall street euphoria over diversion (Georgia conflict)
from their massive fraud which brought much greater than expected losses at
fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee
Republican ) and triple-digit decline to triple digit upswing so especially great
opportunity to sell/take profits as glass-half-full kind of frauds point to
increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can
no longer� hide substantially increased
unemployment, etc., economy so bad oil demand declining which is shill point
for next stage of (new) wall street fraud/commissioned churn and earn scam
which the taxpayers just underwrote/paid for with complicit government,
executive/legislative/judicial branches/fed. Great opportunity to sell/take
profits since all problems remain as real numbers indicate previous decline in
GDP though falsely reported as gain, greater unemployment (watch for fake
numbers from government) and much more downside to come as stocks previously
rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT
UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON
PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE
FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED,
UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The
Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from
Seeking Alpha �AP Business Highlights A private research group says that Americans remain
the most pessimistic about the economy since the tail end of the last prolonged
recession 16 years ago. But economists warn that the slight uptick, which
reverses a six-month slide since January, is likely to be only temporary and
doesn't signal the beginning of a rally�Yahoo� the
survey only has weak correlation with actual spending, so Briefing.com
does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality
but false report from corrupt, scandal-scarred, criminal commerce department
(contrary to all expectations and contrary to all regional fed manufacturing
indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as
Reality trumps bull s**t! Sell dollar denominated assets as all problems
remain. El-Erian: Buy more foreign stocksEven in this century's
darkest days of recession and war, U.S. households kept on spending. But one of
the smartest investors on the planet says the American consumer is finally out
of steam. Even if, and
it is not, oil were the only problem, the same is just a disruption away from a
spike. Suckers� bear market/short-covering rally based on bull s**t alone, this
time by wall street shill paulson whose bailout rhetoric brings �irrational
exuberance� since wall street frauds should be prosecuted, required to disgorge
ill-gotten gains, and jailed since they�re the ones who benefited and are
escaping accountability by the bailout. Except for multi-nationals and
corporate welfare recipients (ie., Lockheed, etc.), greater than expected
losses in not millions but billions rallied the stocks. Remember, these are
huge financial institutions unlike the tiny S&Ls of the last banking
fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators
revised down (after �election year keep the incumbents� fake report). What do
you expect the wall street frauds/criminals who should be held accountable and
the failed (and illegal- constitution would have to be amended to enable Fed to
print those worthless Weimar dollars with now even failed Fannie and Freddie
getting some with taxpayer bailout) Fed to say; admit they royally f**ked up,
etc.,� better than expected very bad
news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200%� more (suuuuure!) than expected oil
inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less
oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE
PROFITS WHILE YOU CAN!] Similarities
between 1929 and 2008 terrifying �[In just the month of June, the Dow
dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the
quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an
anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost
12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October,
the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down
19.80%. A 20% drop from a market peak is considered the start of a bear market
� although many analysts say Wall Street already has a bear market mentality
(because the bear market already is. Some chart data/numbers on
bear markets: first chart second chart).] FAKE GOV�T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS�
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE
PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON
NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED
REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE
HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL
GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS
HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET� FOCUS/DEFLECTION ON CORE INFLATION IS A
SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE�D BE A
TROLLEY CAR.� [eND OF FIRST QUARTER DOW
�8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA
2008: The Great Depression. �High
Likelihood of a Market Crash Similarities
between 1929 and 2008 terrifying �I
WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR
POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN
AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO
STRENGTH/TAKE PROFITS/SELL). SUCKERS� BEAR MARKET/SHORT COVERING RALLY/NEW
BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE
PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9
INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST
PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE
TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS
THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH
AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS
SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO
RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT
DEPRESSION, SAYS IMF. VIX
TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL �YAHOO
FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS
NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR
DOLLAR TO FRAUD TO FAKE GOV�T REPORTS, suckers� bear market rally
into the close, Analysts say
more U.S. banks will fail �Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel
Soon Fannie Plan a `Disaster' to
Rogers; Goldman Says Sell �, why would anyone hold/invest in dollars (deficits, trade and
budget substantial, economic growth declining) so sell/take profits, if you�re
smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors
were encouraged by the possibility of more contributions to their fraud, and
Paulson says things are not as bad as the reports in this election year; he�s
right; they�re much worse! Remember greenspan�s perpetual envy of all the world
speeches; now Bernanke printing hyperinflationary Weimar dollars like mad;
they�re dreaming. Similarities
between 1929 and 2008 terrifying �U.S. stocks post sharp weekly losses; bear market that
already is now said nears , Stocks tumble as more bad economic news piles up,
Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth
time in seven months in May while median prices kept plunging, American Express
sees worsening credit conditions, but fake government report of higher than
expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low
, BlackRock sees global slowdown
worsening in 2009 , DOWNGRADES OF
BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC,
MBIA, AMERICA�S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES
ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY
POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED
AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A
GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND
PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW
YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE� PLUNGING, HOME BUILDERS� CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS
BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT
OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28
YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES
(IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL
TO THE UPSIDE� GOING FORWARD AS LESS
ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO
INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES
ARE WORSE THAN REPORTED (HE�S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP
MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH
REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000,
RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS
SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE�S A LITTLE
COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE
SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE
SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA,
VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND
ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER
PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE
COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS
THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH
OIL PRICES,�� BERNANKE JAWBONES DOLLAR
UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE
INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST
SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE
FALSE DATA,� IE., 6-5-08 UNEMPLOYMENT
CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS
INCLUDING� HOME EQUITY AT LOWEST LEVELS
SINCE WW2,� DOWNGRADES ON FINANCIALS
INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE
FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE
(ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE FOR A PRICE/FAVOR) WITH
THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE
SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS
EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP
SHARPLY, BIG DISCOUNTERS� GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH
SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING
CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION),
AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT,
LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD� �14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO
CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD
NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN
BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT
ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55%
BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I�M SURPRISED AT THE LOW PERCENTAGE
RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV�T REPORT
REVISING FIRST QUARTER GROWTH TO .9%�
(SUUUUURE� YOU THINK THE �WHAT HAPPENED� REVELATIONS, SUBSTANTIVELY
REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE
FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE � GREAT � RIIIIIGHT.
ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER
CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM
OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD
PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS.� DON�T FORGET: THIS ELECTION YEAR PRINT AND
SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE
DATA/REPORTS, ETC., CAN�T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE
FANTASY BUBBLE WILL BURST POST ELECTION. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? �The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch �More doom for global economy �Visualizing Dow 6,000 ��] Yahoo: Stocks traded in an extremely volatile manner on Wednesday as
investors digested a coordinated global interest rate cut, economic concerns
and turmoil in the financial markets. The S&P 500 settled with a loss of
1.1% after a surge in selling interest in the final half-hour of trade sank
stocks from a 2% gain. The S&P 500 traded as high as 2.5% and down as much
as 2.5%. Eight of the ten economic sectors posted a loss in heavy trading
volume.The Federal Reserve, European Central Bank, Bank of England, Swiss
National Bank, Bank of Canada, and Sveriges Riksbank (Sweden) made an emergency
intermeeting coordinated 50 basis point rate cut. Increased economic risks and
moderating inflation pressures warranted the move in an effort to improve
liquidity and reduce strains in the financial market, the Fed said. The fed
funds rate is now at 1.50%, and the discount rate is at 1.75%.The move to cut
interest rates came as global equities tumbled due to tight credit markets and
economic worries. Japan's Nikkei plummeted 9.4% and Hong Kong's Hang Seng
dropped 8.2%. Europe fell 6.0% as its financial institutions remain troubled --
Britain announced a plan to bailout its banking system, which included a pledge
for $87 billion in direct support for eight major banks, according to
reports.In corporate news, Bank of America (BAC 21.97, -1.80) fell 7.6% after its $10
billion common stock offering was priced at a 7.5% discount to yesterday's
closing level and a 31.7% discount to BofA's closing level on Monday. BofA
plunged more than 25% on Tuesday after announcing disappointing third quarter
earnings, giving a dour outlook, cutting its dividend by 50% and announcing the
$10 billion common stock offering.The financial sector (-3.0%) ended the
session as a laggard after giving up a 3.9% gain in late-session selling
pressure as investors were aware that the SEC short-selling ban is scheduled to
expire at midnight tonight.Dow component Alcoa (AA 14.60, -2.11) marked the start of the
third quarter earnings season on a negative note after the aluminum maker's
results fell well short of expectations. Third quarter earnings per share
dropped 40% year-over-year due to falling aluminum prices, softening demand and
higher costs.Despite the weakness in Alcoa, the material sector outperformed
with a gain of 2.6%. Agriculture chemical company Monsanto (MON 81.63, +7.45) pleased investors with
its quarterly earnings report.Several retailers reported a decline in September
same-store sales and cut their third quarter earnings outlook. Wal-Mart (WMT 54.57, -0.27) and Costco (COST 56.89, -0.91) both posted solid
growth, however, benefiting from bargain-hunting consumers.In commodity
trading, oil prices saw large swings, moving largely in tandem with stocks, as
traders speculated how the global economic turmoil will impact demand. The
government's weekly energy inventory data showed larger-than-expected increases
in crude and gasoline stockpiles. Oil prices fell 1.6% to $88.64 per
barrel.Despite the economic turmoil and uncertainty, Treasuries came under
selling pressure after the government sold additional debt to meet high
investor demand, according to reports. The 10-year note dropped 46 ticks
to send its yield up to 3.67%.The S&P 500 has posted six consecutive losses
-- the longest losing streak since 2002.DJ30 -189.01 NASDAQ -14.55 NQ100 +0.1%
R2K -2.2% SP400 -1.2% SP500 -11.29 NASDAQ Adv/Vol/Dec 728/3.52 bln/2054 NYSE
Adv/Vol/Dec 749/2.1 bln/2451 ��..�� ��AP
Business Highlights ������� U.S. Economy: The Worst is Yet to
Come , U.S. Bank Failures Loom ,�� New reports give bleak
outlook on housing, economy, Foreclosures hit a record high � and more
coming,� Ford readies white-collar layoffs as sales tumble While GM
Shutters 4 North american Factories/Lays off Workers (Reuters), �April insured mortgage defaults rise (Reuters)�� ����
(10-7-08) 9,447.11 DOW� -508.39 1,754.88 NASDAQ �108.08 996.23 S&P �60.66� [CLOSE- OIL $89.80 (RECORD TRADING HIGH $147.27) GAS $3.53(reg. gas in LAND OF
FRUITS AND NUTS� $3.58 REG./ $4.22
MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $883.09/ SILVER $11.53/ PLATINUM
$1,015.00/ DOLLAR= .73 EURO, 101 YEN, .57 POUND STERLING, ETC. (How low can you
go - LOWER)/ 10 YR NOTE YIELD 3.51% ..��
��AP Business Highlights
������� ����] Those needful things on wall
street say even MORE, MORE for the poor (not really, in light of the mega
billions in fraudulently derived commissions, bonuses, compensation, which must
be disgorged through prosecution) �frauds on wall street, on top of previous
session needful things on wall street saying MORE, taxpayer money to bail them
out for their consummate fraud, etc., MORE now EU/Asian/Fed/taxpayers�
cooperation/contribution for their past, present and future frauds, etc., to
keep their ponzi-like scheme of worthless paper moving; how about prosecution,
prison, fines,� and disgorgement for
these mega billion dollar frauds, as 500 point swing to the upside into the
close (get your money out while you can-sell into strength/rallies/take
profits) on yet another b.s. talking point (I don�t think so and neither does Cramer says Get Out Of The Market ) as Motek�s expert apparently shell-shocked talks in terms of washout
levels while another says bailout will take about 4 weeks to implement and not
sure if same will work [WON�T! There are trillions (some say in the hundreds of trillions) of
the fraudulent worthless paper out there] and points to negative economic fundamentals and says reduce
exposure to equities in favor of ie., money market treasuries, previous day buy
on rumor, sell on news (of fraud bailout) obtains, fundamentals horrendous as
economy loses more than expected 159,000 jobs, Motek�s economist/expert/trader
says serious economic issues remain and cites �73 to �74 when market fell 45%
top to bottom while securities expert says now focus is on fundamentals and not
a pretty picture and cautions about dilution, get your money out while you
can-sell into strength/rallies/take profits-that�s what they did , previously
hopes for fraudulent $4 trillion plus is
missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! �wall street fraud/criminal bailout �Grand Larceny� on a Monumental Scale: Does the Bailout
Bill Mark the End of America as We Know It? �can�t change reality as unemployment numbers highest in 7 years,
factory orders decline to lowest level in 2 years, food prices with largest
increase since 1990, previous 200 point swing to the upside on top
of 485 point� previous day gain with all
seriously negative news including sales drops of 16% at GM and 35% at Ford so
sell into these rallies/strength/take profits whil you can, economist Brusca
points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 �, U.S. Sept. ISM manufacturing index plunges to 43.5% (worst
since 1955), Bailout Would Only Prolong Crisis: Jim Rogers �,except for scandal-scarred corrupt commerce department which
reported unexpected rise in consumer sentiment (riiiiight�things are so
hunky-dory), all news decidedly negative with home prices falling an unexpected
record� 16.3 %, etc. Bailout marks
Karl Marx�s comeback �This is not brain surgery and the fraud,
bonuses/compensation (mortgages, subprime and otherwise, are only a relatively
small portion of the fraud/scam providing �cover/collateral� for the worthless
but heavily commissioned paper over and over again in a multiplicity of
different forms of worthless paper) in the mega-billions should first be
disgorged before taxpayers are forced to pony up and pay the frauds again for
their fraud which caused the problem in the first instance, must be prosecuted.
It should also be noted that despite the rhetoric, the wall street bailout
will NOT solve the crisis or eliminate the economic pain except to make
permanent the fraudulent wealth transfer to the most well healed
heals/frauds/criminals in the nation who caused the so-called crisis by their
greed/corruption/fraud.�� All news
decisively negative as WaMu becomes biggest bank to fail in US history (AP),
GDP revised downward to 2.8% in second quarter (the market previously rallied
on the false news and rallies again on the true bad news), only 30% at most support the taxpayer
bailout of the wall street frauds so count on tax revolts as predicted by
experts if the same passes , Sell
into any rallies/take profits as all problems remain and will be exacerbated by
the fact that the vast majority of taxpayers rationally and correctly opposed
the bailout of the wall street criminals who benefited from the fraud. Reaction
has been fast and furious 9-28-08[2:38 am]; take a look at some initial
comments. Sell into any strength/take profits because
with bank failures and raids on taxpayer funds and reckless printing like mad
of worthless Weimar dollars and fake data/reports and lies this is worse than
recession/bear market, �New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up
and durable goods orders down far more than expected, home prices drop by
record 9.5%, existing home sales down 2.2% as they continue to foist the wall
street criminal/fraud bailout on taxpayers which Bloomberg
now pegs at a cost of $5 trillion while other economists/experts say
hundreds of trillions [which means $700 billion down the tubes into the pockets
of the wall street criminals (make them pay) who created the mess through their
greed/fraud/scams and who�ve already reaped huge financial sums in the many
billions through compensation/bonuses (mortgages, subprime and otherwise, are
only a relatively small portion of the fraud/scam providing �cover/collateral�
for the worthless but heavily commissioned paper over and over again in a
multiplicity of different forms of worthless paper]; Motek�s financial expert,
Financial Times Business Editor cites thoroughly gloomy economic picture
globally and u.s. particularly, record levels of borrowing from fed, even with
passage of bailout dire economic/financial scenario will remain, and axiomatic
�buy on the rumor, sell on the news� picture for stocks while his
expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out
wall street criminals who should be in prison [and who should pay back/disgorge
the hundreds of billions they�ve been scamming by repackaging/recollateralizing
commissioning and reselling of which fraud/bubble I�ve been warning for over 5
years on this site-indeed they even have been exempted by congress for RICO
liability and meaningfully lawless application of other laws as I reiterate in
my RICO Summary under penalty of perjury to the
FBI at their request including RICO violations by Sam Alito, former u.s.
attorney (District of new jersey) who parlayed obstruction of justice (I�ve
sworn to this regarding drug-money laundering) into judicial appointments to
the 3rd circuit court of appeals with maryanne trump (Barry) and now the
so-called supreme court (he should have gone to jail) justice; how could anyone
even listen to bush (WMD�s in Iraq-I also warned against that debacle/fraud/war
crimes/profiteering) ] and he further says let the ceo�s go and some of the
failed institutions fail condemning the outrageousness of the lack of oversight
in this huge fraud/wealth transfer; and hanky panky paulson the wall street
shill whose $50 million in blind trust and $20 million in vanguard benefits
from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so�
great opportunity to sell/take profits while you still can. One
democrat said that with 3 months remaining in war criminal (remember the lies)
bush�s lamentable failed presidency the grab based on fear that bailout of the
criminals who caused the problem and made huge sums from their heavily
commissioned fraud will avoid what already is can only be deemed another
fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting
conflict is also part of america�s problem, is preposterous on it�s face.A republican
said that the so-called over-sight provision utilizes a standard of judicial
review that would render impossible any purported review/abrogation (and after
the fact at that) of paulson�s largesse to his bro�s on wall street and bush
buddies.
�Mike Stathis The
Market Oracle September 22, 2008� As far as I�m concerned, anyone who doesn�t
conduct a full investigation of this charade leading to several CEOs and other
executives in prison with all of their assets being shuttled into America�s
bailout fund doesn�t have what it takes to lead America anywhere except on its
current course � downward. But it doesn�t really matter at this point anyway.
Washington and the greedy bankers have ensured the end of what was once a great
and proud nation filled with hope and opportunity. � , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit �,�
Financial terrorism: US taxpayers bail out Wall Street
criminals , A Bailout to Nowhere ��,�Cramer had said the astonishing 779-point
rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up
since all real news remains decisively negative as leading indicators fall, unemployment claims rise,
but� suckers� bear market rally b**l
s**t talking points without realistic, legitimate, sound foundation previously
rallied stocks in nearly 600 point swing to the upside as wall street
shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer
paid for by taxpayers (yet another bailout � tax revolts as predicted by
trendsresearch.com are a coming � McCain is quite right that land of fruits and
nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt
Nimmo | Congress critters, former Fed mob bosses want a public
boondoggle along the line of the Resolution Trust Corp. to bailout the
banksters) and
insurmountably increasing the defacto bankrupt government�s debt� in favor of the very well-healed
perpetrators of the fraud who should be prosecuted and forced to disgorge their
ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching
the ill-advised united
soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then
there was the ridiculous spike from fed�s announced printing/creating more
worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign
contributions does not even register a blip of difference in light of the
magnitude of the amount of debt, $14 trillion private/$15 trillion public, much
of which must be written down/off/non-performing . Don�t be wall street�s
(churn and earn) fool; time for them to pay up; time for you to sell/take
profits/cut losses! Housing construction
plunges 6.2 pct. in August� ,� Worst
is yet to come, investment strategist warns (at MarketWatch) �,
more gov�t bailout taxpayer money with ever more worthless Weimar dollars (fed
printing/creating them like mad) proves the only lunatics (yes, the full moon)
are not limited to those lunatic fraudulent wall street needful things who
should be prosecuted and forced to disgorge their ill-gotten gains, as united
soviet socialist states of america (who built up communist china so who could
have expected less)� takes 80% stake in
AIG, spreads widening as piles of worthless debt/securities/collateral unwind
so sell into these suckers� bear market rallies as all problems remain US Economy:
Rudderless and Reeling From Direct Hits �, Federal bank
insurance fund dwindling , More Socialism for
the Bankers: Fed to �Loan� AIG $85 Billion , economy so bad oil demand own, so cut your
losses/take whatever gains/get your money out while you still can as industrial
output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance
system pummels stock market , Rogers: Dollar To Lose World Reserve Status ,
AIG downgraded as financial
meltdown spreads , Wall Street mauled by
Lehman bankruptcy, AIG fears ,�
highest year over year foreclosures on record, retail down .3% while
inventories up, as bad news spurs over 150 point swing to the upside into the
close which shows irrationally fraudulent markets trying to keep suckers sucked
in for their commissioning pleasure, Bullish Sentiment Drops 30% �, CBOE Put-Call Ratio Indicates Negative Outlook ,
Get Ready For the S&P 500 to Break Below 1200 ,
WaMu cut to "junk," sees $4.5
billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession,
Job Losses , August
foreclosures hit another record high , federal/trade deficits among other bad
news worse than expected which previously rallied stocks (riiiiight!) on over
300 point swing to the upside (I don�t think so)� so sell into these ephemeral rallies/"strength�, Lehman
shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop
below 9,000,
election-year sugar/fake reports as Pending home sales fall more than expected 3.2%
, Fannie/Freddie
fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer
since they believe their fraudulent gains, many billions worth, might not be
touched - they should be disgorged through prosecution) as defacto bankrupt
government to commit� $100 billion each
to insolvent fannie/freddie ($200 billion they really don�t have to start
with), very ridiculous so sell into ephemeral rallies/"strength"
since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of
Crooks And Incompetents" �(more to follow this
update on 9-7-08) suckers� bear market/short-covering rally into the close on
200 point swing to the upside (riiiiight) on very bad news,� nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to
6.1%,� THE
LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports
, �Home
foreclosures reach record high , and keep in mind frauds/scams
like wall street today invariably unravel as reality bites with all news bad
(except for fake news) and worse than expected with new unemployment claims up
more than 15,000 on top of terrible back-to-school shopping/retail numbers,
though still sugar-coated for election year as sales at GM down 20% Ford down
26%, bankruptcies up, credit union taken over by feds, August ISM Index
down below 50 indicating contraction, construction
spending fell a larger-than-expected 0.6%, and spending
down to lowest level in 3 years with income declining .7% in contrast to
previous day�s suckers� bear market rally on light volume so great time to
sell/take profits while you can since all problems remain] Election-year feel
good typically false/embellished at best temporary report on GDP 58% better
than private forecasts along with that bastion of american credibility, the
scandal scarred prevaricating commerce department comes through with fraudulent
talking point for the wall street frauds with durable goods numbers exceeding
private economist estimates by 400% (I don�t think so!), as one of Motek�s
experts says GDP number from government, at best temporary blip from rebate
stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s.
doesn�t really have) and multi-national exports on weak dollar, seventh staight
monthly decline in payrolls in this real recession, and continued problems in
financial sector/real estate/defaults/writedowns; while another� seasoned expert says doesn�t look good
particularly for third and fourth quarters. Motek�s expert says FDIC might have
to borrow from treasury [ FDIC may borrow money from
Treasury ], second largest quarterly loss on record from thrifts at $5.4
billion, Fannie/Freddie fail the performance test, and precipitous fall in
leading economic indicators indicative of deeper/longer recession that we�re
already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real
estate price declines on high volume of�
foreclosure sales/high unsold inventories, high inflation as other than
the economic debacle it is, Motek�s expert reiterates reality of this bear
market, that stocks will resume slide, good time to sell since pricey/frothy at
avg. 24 P/E, that Freddie/Fannie bailout/gov�t. takeover inevitable, more
troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com)
] as loan defaults
extend losses in sub-prime, to now prime, commercial, student loans, credit
cards, even as inflation up, and outlook very bleak. Previously, another bank
failure, but they say existing home sales up greater than expected 3.1%�but
from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits
and nuts) and inventories of for sale/unsold homes at new record high since
tracking began in 1968 and worse to come, Chicago index of manufacturing down
indicating further economic weakness and Motek�s expert says �put� activity
indicates at least 10-15% more downside from here/government bailout ot
fannie/freddie inevitable and f/f stock worthless as all news decisively bad
beyond expectations though fudged to upside for election year and yet bernanke
who is printing worthless hyperinflationary Weimar dollars like mad soothed
(gives them fraudulent talking point) the frauds on wall street saying
essentially the economy is so bad inflation less of a problem (and no interest
rate hike-old news because of economic weakness and bad for dollar) sparking
suckers bear market rally on light volume, Buffett: We're
still in a recession, leading
indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take
profits since all problems remain and dollar mini-spike short-lived though some
fluctuations to upside on speculation other economies will tank.�� Wholesale prices: Highest
annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep
declines. That hub of
global manufacturing buzzing (riiiiight!) as empire state index as measured by
private economists expected to fall -4.2% but is reported up +2.8% (almost 300%
better-I don�t think so, and don�t buy the Brooklyn bridge, watches, swamp land
in jersey, etc.), inflation news double expectations Bracing for
Inflation
August 15, 2008 (BusinessWeek Growing evidence suggests American
consumers, businesspeople, and political leaders should all be bracing for
double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation
into the obscure world of so-called tech which provides, as in prior such ploys
(ie., dot-com bust, more recent bust, etc.) the world street frauds with the
ability to sell the sizzle since investors and americans generally don�t
understand it (ie., iphones are a joke where the so-called �computer� is merely
a restrictor of usual computer functions now tied into apple products and
government shill co att, and anyone who pays the premium for apple products is
a fool), and all news bad albeit fudged to the upside in this election
year.� Fake trade figures, more
writedowns/bad debt, still great opportunity to sell/take profits. Just another
frothy day in the rabidly fraudulent lunatic world of wall street and great
opportunity to sell/take profits since all problems remain and dollar
mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia �
don�t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to
understand fraudulent wall street euphoria over diversion (Georgia conflict)
from their massive fraud which brought much greater than expected losses at
fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee
Republican ) and triple-digit decline to triple digit upswing so especially great
opportunity to sell/take profits as glass-half-full kind of frauds point to
increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can
no longer� hide substantially increased
unemployment, etc., economy so bad oil demand declining which is shill point
for next stage of (new) wall street fraud/commissioned churn and earn scam
which the taxpayers just underwrote/paid for with complicit government,
executive/legislative/judicial branches/fed. Great opportunity to sell/take
profits since all problems remain as real numbers indicate previous decline in
GDP though falsely reported as gain, greater unemployment (watch for fake
numbers from government) and much more downside to come as stocks previously
rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT
UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON
PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE
FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED,
UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The
Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from
Seeking Alpha �AP Business Highlights A private research group says that Americans remain
the most pessimistic about the economy since the tail end of the last prolonged
recession 16 years ago. But economists warn that the slight uptick, which
reverses a six-month slide since January, is likely to be only temporary and
doesn't signal the beginning of a rally�Yahoo� the
survey only has weak correlation with actual spending, so Briefing.com
does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality
but false report from corrupt, scandal-scarred, criminal commerce department
(contrary to all expectations and contrary to all regional fed manufacturing
indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as
Reality trumps bull s**t! Sell dollar denominated assets as all problems
remain. El-Erian: Buy more foreign stocksEven in this century's
darkest days of recession and war, U.S. households kept on spending. But one of
the smartest investors on the planet says the American consumer is finally out
of steam. Even if, and
it is not, oil were the only problem, the same is just a disruption away from a
spike. Suckers� bear market/short-covering rally based on bull s**t alone, this
time by wall street shill paulson whose bailout rhetoric brings �irrational
exuberance� since wall street frauds should be prosecuted, required to disgorge
ill-gotten gains, and jailed since they�re the ones who benefited and are
escaping accountability by the bailout. Except for multi-nationals and
corporate welfare recipients (ie., Lockheed, etc.), greater than expected
losses in not millions but billions rallied the stocks. Remember, these are
huge financial institutions unlike the tiny S&Ls of the last banking
fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators
revised down (after �election year keep the incumbents� fake report). What do
you expect the wall street frauds/criminals who should be held accountable and
the failed (and illegal- constitution would have to be amended to enable Fed to
print those worthless Weimar dollars with now even failed Fannie and Freddie
getting some with taxpayer bailout) Fed to say; admit they royally f**ked up,
etc.,� better than expected very bad
news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200%� more (suuuuure!) than expected oil inventories,
GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil
use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS
WHILE YOU CAN!] Similarities
between 1929 and 2008 terrifying �[In just the month of June, the Dow
dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the
quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an
anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost
12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October,
the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down
19.80%. A 20% drop from a market peak is considered the start of a bear market
� although many analysts say Wall Street already has a bear market mentality
(because the bear market already is. Some chart data/numbers on
bear markets: first chart second chart).] FAKE GOV�T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS�
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE
PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON
NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED
REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE
HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL
GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS
HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET� FOCUS/DEFLECTION ON CORE INFLATION IS A
SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE�D BE A
TROLLEY CAR.� [eND OF FIRST QUARTER DOW
�8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA
2008: The Great Depression. �High
Likelihood of a Market Crash Similarities
between 1929 and 2008 terrifying �I
WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR
POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN
AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO
STRENGTH/TAKE PROFITS/SELL). SUCKERS� BEAR MARKET/SHORT COVERING RALLY/NEW
BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE
PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9
INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST
PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE
TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS
THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH
AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS
SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO
RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT
DEPRESSION, SAYS IMF. VIX
TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL �YAHOO
FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS
NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR
DOLLAR TO FRAUD TO FAKE GOV�T REPORTS, suckers� bear market rally
into the close, Analysts say
more U.S. banks will fail �Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel
Soon Fannie Plan a `Disaster' to
Rogers; Goldman Says Sell �, why would anyone hold/invest in dollars (deficits, trade and
budget substantial, economic growth declining) so sell/take profits, if you�re
smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors
were encouraged by the possibility of more contributions to their fraud, and
Paulson says things are not as bad as the reports in this election year; he�s
right; they�re much worse! Remember greenspan�s perpetual envy of all the world
speeches; now Bernanke printing hyperinflationary Weimar dollars like mad;
they�re dreaming. Similarities
between 1929 and 2008 terrifying �U.S. stocks post sharp weekly losses; bear market that
already is now said nears , Stocks tumble as more bad economic news piles up,
Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth
time in seven months in May while median prices kept plunging, American Express
sees worsening credit conditions, but fake government report of higher than
expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low
, BlackRock sees global slowdown
worsening in 2009 , DOWNGRADES OF
BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC,
MBIA, AMERICA�S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES
ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY
POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED
AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A
GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND
PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW
YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE� PLUNGING, HOME BUILDERS� CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS
BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT
OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28
YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES
(IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL
TO THE UPSIDE� GOING FORWARD AS LESS
ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO
INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES
ARE WORSE THAN REPORTED (HE�S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP
MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH
REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000,
RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS
SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE�S A LITTLE
COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE
QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE
SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA,
VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND
ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER
PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE
COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS
THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH
OIL PRICES,�� BERNANKE JAWBONES DOLLAR
UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE
INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST
SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE
FALSE DATA,� IE., 6-5-08 UNEMPLOYMENT
CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS
INCLUDING� HOME EQUITY AT LOWEST LEVELS
SINCE WW2,� DOWNGRADES ON FINANCIALS
INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE
FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE
(ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE FOR A PRICE/FAVOR) WITH
THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE
SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS
EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP
SHARPLY, BIG DISCOUNTERS� GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH
SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING
CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION),
AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT,
LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD� �14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO
CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD
NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN
BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT
ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55%
BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I�M SURPRISED AT THE LOW PERCENTAGE
RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV�T REPORT
REVISING FIRST QUARTER GROWTH TO .9%�
(SUUUUURE� YOU THINK THE �WHAT HAPPENED� REVELATIONS, SUBSTANTIVELY
REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE
FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE � GREAT � RIIIIIGHT.
ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER
CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM
OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD
PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS.� DON�T FORGET: THIS ELECTION YEAR PRINT AND
SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE
DATA/REPORTS, ETC., CAN�T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE
FANTASY BUBBLE WILL BURST POST ELECTION. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? �The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch �More doom for global economy �Visualizing Dow 6,000 ��] Yahoo: Tuesday marked another ugly session for
stock investors as a weak outlook from Bank of America (BAC
23.77, -8.45) and cautious comments from Fed Chairman Ben Bernanke
overshadowed a Federal Reserve plan to improve liquidity in short-term
corporate borrowing.Stocks rose 1.5% at the open on the Fed's plan to shore up
short-term corporate borrowing, but overall economic concerns quickly
sank stocks. In the end, the S&P 500 plunged 5.7%, settling at
its worst levels, to a new five-year low in broad-based
weakness. All ten economic sectors posted a loss, with notable declines
in financials (-11.5%), tech (-6.1%) and consumer discretionary
(-5.7%).Fed Chairman Bernanke gave the market little to cheer about in a speech
at the National Association for Business Economics annual meeting. He said that
economic activity is likely to be subdued through this year and into 2009 and
increases in financial market turmoil may extend the period of weak economic
performance.He did leave the door open for a FOMC rate cut on Oct. 29, although
fed funds futures had already priced in a cut of at least 50 basis points.Bank
of America, the second largest U.S. financial firm by market cap after JPMorgan Chase (JPM
39.86, -4.14), fell 26% after preannouncing disappointing third quarter
earnings and giving a dour outlook regarding the state of the economy. In an
attempt to shore up capital in the face of current economic conditions, BofA is
cutting its quarterly dividend by 50% to $0.32 and plans to raise $10 billion
in a common stock offering.CNBC reported the common stock offering was seeing
weak demand, with an expected pricing of less than $25 per share. The notion
that BofA would have to sell stock at a more than 22% discount added to overall
investor unease, especially in the financial sector.The commercial paper
market, which many U.S. companies rely on for short-term borrowing, has
been under pressure as investors flocked to the safety of Treasuries and away
from money market funds. As a result, many companies found it difficult to
issue commercial paper, or had to pay a high cost.In an attempt to bring down
the cost of commercial paper costs and improve liquidity, the Fed announced
this morning that it created a Commercial Paper Funding Facility, which will
provide a liquidity backstop for the strained commercial paper market. The Fed
will purchase three-month unsecured and asset-backed commercial paper from
eligible issuers. The Fed said it has no limit to how much commercial paper it
can buy. Separately, commodities (+1.0%) staged a modest recovery effort from
Monday's 5.0% drop, aided by a 0.8% decline in the dollar. Crude prices rose
2.3% to $89.80 per barrel.The S&P 500's loss marked its fifth consecutive
decline -- its longest losing streak since January. The index has fallen
14.5% over the past five sessions and is down 32.2% this year.DJ30 -508.39
NASDAQ -108.08 NQ100 -5.8% R2K -6.2% SP400 -5.4% SP500 -60.66 NASDAQ
Dec/Adv/Vol 2370/434/2.82 bln NYSE Dec/Adv/Vol 2815/386/1.73 bln ..��
��AP Business Highlights
������� U.S. Economy: The Worst is Yet to
Come , U.S. Bank Failures Loom ,�� New reports give bleak
outlook on housing, economy, Foreclosures hit a record high � and more
coming,� Ford readies white-collar layoffs as sales tumble While GM
Shutters 4 North american Factories/Lays off Workers (Reuters), �April insured mortgage defaults rise (Reuters)�� ����
(10-6-08) 9,955.51 DOW� -369.88 1,862.96 NASDAQ �84.43 1,056.89 S&P �42.34� [CLOSE- OIL $87.81 (RECORD TRADING HIGH $147.27) GAS $3.53(reg. gas in LAND OF
FRUITS AND NUTS� $3.58 REG./ $4.22
MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $866.20/ SILVER $11.29/ PLATINUM
$973.20/ DOLLAR= .73 EURO, 101 YEN, .57 POUND STERLING, ETC. (How low can you
go - LOWER)/ 10 YR NOTE YIELD 3.46% ..��
��AP Business Highlights
���� �������] Those needful things on wall street say MORE, taxpayer
money to bail them out for their consummate fraud, etc., MORE now EU
cooperation for their past, present and future frauds, etc., how about
prosecution, prison, fines,� and
disgorgement for these mega billion dollar frauds, as 500 point swing to the
upside into the close (get your money out while you can-sell into
strength/rallies/take profits) on yet another b.s. talking point (I don�t think
so and neither does Cramer says Get Out Of The Market ) as Motek�s expert apparently shell-shocked talks in terms of washout
levels while another says bailout will take about 4 weeks to implement and not
sure if same will work [WON�T! There�s trillions (some say in the hundreds of
trillions) of the fraudulent worthless paper out there] and points to negative
economic fundamentals and says reduce exposure to equities in favor of ie.,
money market treasuries, previous day buy on rumor, sell on news (of fraud
bailout) obtains, fundamentals horrendous as economy loses more than expected
159,000 jobs, Motek�s economist/expert/trader says serious economic issues
remain and cites �73 to �74 when market fell 45% top to bottom while securities
expert says now focus is on fundamentals and not a pretty picture and cautions
about dilution, get your money out while you can-sell into
strength/rallies/take profits-that�s what they did , previously hopes for
fraudulent $4 trillion plus is
missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! �wall street fraud/criminal bailout �Grand Larceny� on a Monumental Scale: Does the Bailout
Bill Mark the End of America as We Know It? �can�t change reality as unemployment numbers highest in 7 years,
factory orders decline to lowest level in 2 years, food prices with largest
increase since 1990, previous 200 point swing to the upside on top
of 485 point� previous day gain with all
seriously negative news including sales drops of 16% at GM and 35% at Ford so
sell into these rallies/strength/take profits whil you can, economist Brusca
points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 �, U.S. Sept. ISM manufacturing index plunges to 43.5% (worst
since 1955), Bailout Would Only Prolong Crisis: Jim Rogers �,except for scandal-scarred corrupt commerce department which
reported unexpected rise in consumer sentiment (riiiiight�things are so
hunky-dory), all news decidedly negative with home prices falling an unexpected
record� 16.3 %, etc. Bailout marks
Karl Marx�s comeback �This is not brain surgery and the fraud,
bonuses/compensation (mortgages, subprime and otherwise, are only a relatively
small portion of the fraud/scam providing �cover/collateral� for the worthless
but heavily commissioned paper over and over again in a multiplicity of
different forms of worthless paper) in the mega-billions should first be
disgorged before taxpayers are forced to pony up and pay the frauds again for
their fraud which caused the problem in the first instance, must be prosecuted.
It should also be noted that despite the rhetoric, the wall street bailout
will NOT solve the crisis or eliminate the economic pain except to make
permanent the fraudulent wealth transfer to the most well healed
heals/frauds/criminals in the nation who caused the so-called crisis by their
greed/corruption/fraud.�� All news
decisively negative as WaMu becomes biggest bank to fail in US history (AP),
GDP revised downward to 2.8% in second quarter (the market previously rallied
on the false news and rallies again on the true bad news), only 30% at most support the taxpayer
bailout of the wall street frauds so count on tax revolts as predicted by
experts if the same passes , Sell
into any rallies/take profits as all problems remain and will be exacerbated by
the fact that the vast majority of taxpayers rationally and correctly opposed
the bailout of the wall street criminals who benefited from the fraud. Reaction
has been fast and furious 9-28-08[2:38 am]; take a look at some initial
comments. Sell into any strength/take profits because
with bank failures and raids on taxpayer funds and reckless printing like mad
of worthless Weimar dollars and fake data/reports and lies this is worse than
recession/bear market, �New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up
and durable goods orders down far more than expected, home prices drop by
record 9.5%, existing home sales down 2.2% as they continue to foist the wall
street criminal/fraud bailout on taxpayers which Bloomberg
now pegs at a cost of $5 trillion while other economists/experts say
hundreds of trillions [which means $700 billion down the tubes into the pockets
of the wall street criminals (make them pay) who created the mess through their
greed/fraud/scams and who�ve already reaped huge financial sums in the many
billions through compensation/bonuses (mortgages, subprime and otherwise, are
only a relatively small portion of the fraud/scam providing �cover/collateral�
for the worthless but heavily commissioned paper over and over again in a
multiplicity of different forms of worthless paper]; Motek�s financial expert,
Financial Times Business Editor cites thoroughly gloomy economic picture
globally and u.s. particularly, record levels of borrowing from fed, even with
passage of bailout dire economic/financial scenario will remain, and axiomatic
�buy on the rumor, sell on the news� picture for stocks while his
expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out
wall street criminals who should be in prison [and who should pay back/disgorge
the hundreds of billions they�ve been scamming by repackaging/recollateralizing
commissioning and reselling of which fraud/bubble I�ve been warning for over 5
years on this site-indeed they even have been exempted by congress for RICO
liability and meaningfully lawless application of other laws as I reiterate in
my RICO Summary under penalty of perjury to the
FBI at their request including RICO violations by Sam Alito, former u.s.
attorney (District of new jersey) who parlayed obstruction of justice (I�ve
sworn to this regarding drug-money laundering) into judicial appointments to
the 3rd circuit court of appeals with maryanne trump (Barry) and now the
so-called supreme court (he should have gone to jail) justice; how could anyone
even listen to bush (WMD�s in Iraq-I also warned against that debacle/fraud/war
crimes/profiteering) ] and he further says let the ceo�s go and some of the
failed institutions fail condemning the outrageousness of the lack of oversight
in this huge fraud/wealth transfer; and hanky panky paulson the wall street
shill whose $50 million in blind trust and $20 million in vanguard benefits
from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so�
great opportunity to sell/take profits while you still can. One
democrat said that with 3 months remaining in war criminal (remember the lies)
bush�s lamentable failed presidency the grab based on fear that bailout of the
criminals who caused the problem and made huge sums from their heavily
commissioned fraud will avoid what already is can only be deemed another
fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting
conflict is also part of america�s problem, is preposterous on it�s face.A
republican said that the so-called over-sight provision utilizes a standard of
judicial review that would render impossible any purported review/abrogation
(and after the fact at that) of paulson�s largesse to his bro�s on wall street
and bush buddies. �Mike
Stathis The Market Oracle September 22, 2008� As far as I�m concerned, anyone
who doesn�t conduct a full investigation of this charade leading to several
CEOs and other executives in prison with all of their assets being shuttled
into America�s bailout fund doesn�t have what it takes to lead America anywhere
except on its current course � downward. But it doesn�t really matter at this point
anyway. Washington and the greedy bankers have ensured the end of what was once
a great and proud nation filled with hope and opportunity. � , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit �,�
Financial terrorism: US taxpayers bail out Wall Street
criminals , A Bailout to Nowhere ��,�Cramer had said the astonishing 779-point
rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up
since all real news remains decisively negative as leading indicators fall, unemployment claims rise,
but� suckers� bear market rally b**l
s**t talking points without realistic, legitimate, sound foundation previously
rallied stocks in nearly 600 point swing to the upside as wall street
shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer
paid for by taxpayers (yet another bailout � tax revolts as predicted by
trendsresearch.com are a coming � McCain is quite right that land of fruits and
nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt
Nimmo | Congress critters, former Fed mob bosses want a public
boondoggle along the line of the Resolution Trust Corp. to bailout the
banksters) and
insurmountably increasing the defacto bankrupt government�s debt� in favor of the very well-healed
perpetrators of the fraud who should be prosecuted and forced to disgorge their
ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching
the ill-advised united
soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then
there was the ridiculous spike from fed�s announced printing/creating more worthless
Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign
contributions does not even register a blip of difference in light of the
magnitude of the amount of debt, $14 trillion private/$15 trillion public, much
of which must be written down/off/non-performing . Don�t be wall street�s
(churn and earn) fool; time for them to pay up; time for you to sell/take
profits/cut losses! Housing construction
plunges 6.2 pct. in August� ,� Worst
is yet to come, investment strategist warns (at MarketWatch) �,
more gov�t bailout taxpayer money with ever more worthless Weimar dollars (fed
printing/creating them like mad) proves the only lunatics (yes, the full moon)
are not limited to those lunatic fraudulent wall street needful things who
should be prosecuted and forced to disgorge their ill-gotten gains, as united
soviet socialist states of america (who built up communist china so who could
have expected less)� takes 80% stake in
AIG, spreads widening as piles of worthless debt/securities/collateral unwind
so sell into these suckers� bear market rallies as all problems remain US Economy:
Rudderless and Reeling From Direct Hits �, Federal bank
insurance fund dwindling , More Socialism for
the Bankers: Fed to �Loan� AIG $85 Billion , economy so bad oil demand own, so cut your
losses/take whatever gains/get your money out while you still can as industrial
output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance
system pummels stock market , Rogers: Dollar To Lose World Reserve Status ,
AIG downgraded as financial
meltdown spreads , Wall Street mauled by
Lehman bankruptcy, AIG fears ,�
highest year over year foreclosures on record, retail down .3% while
inventories up, as bad news spurs over 150 point swing to the upside into the
close which shows irrationally fraudulent markets trying to keep suckers sucked
in for their commissioning pleasure, Bullish Sentiment Drops 30% �, CBOE Put-Call Ratio Indicates Negative Outlook ,
Get Ready For the S&P 500 to Break Below 1200 ,
WaMu cut to "junk," sees $4.5
billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession,
Job Losses , August foreclosures
hit another record high , federal/trade deficits among other bad news worse than expected
which previously rallied stocks (riiiiight!) on over 300 point swing to the
upside (I don�t think so)� so sell into
these ephemeral rallies/"strength�, Lehman shows wider than expected $3.9
billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop
below 9,000,
election-year sugar/fake reports as Pending home sales fall more than expected 3.2%
, Fannie/Freddie
fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer
since they believe their fraudulent gains, many billions worth, might not be
touched - they should be disgorged through prosecution) as defacto bankrupt
government to commit� $100 billion each
to insolvent fannie/freddie ($200 billion they really don�t have to start
with), very ridiculous so sell into ephemeral rallies/"strength"
since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of
Crooks And Incompetents" �(more to follow this
update on 9-7-08) suckers� bear market/short-covering rally into the close on
200 point swing to the upside (riiiiight) on very bad news,� nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to
6.1%,� THE
LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports
, �Home
foreclosures reach record high , and keep in mind frauds/scams
like wall street today invariably unravel as reality bites with all news bad
(except for fake news) and worse than expected with new unemployment claims up
more than 15,000 on top of terrible back-to-school shopping/retail numbers,
though still sugar-coated for election year as sales at GM down 20% Ford down
26%, bankruptcies up, credit union taken over by feds, August ISM Index
down below 50 indicating contraction, construction
spending fell a larger-than-expected 0.6%, and spending
down to lowest level in 3 years with income declining .7% in contrast to
previous day�s suckers� bear market rally on light volume so great time to
sell/take profits while you can since all problems remain] Election-year feel
good typically false/embellished at best temporary report on GDP 58% better
than private forecasts along with that bastion of american credibility, the
scandal scarred prevaricating commerce department comes through with fraudulent
talking point for the wall street frauds with durable goods numbers exceeding
private economist estimates by 400% (I don�t think so!), as one of Motek�s
experts says GDP number from government, at best temporary blip from rebate
stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s.
doesn�t really have) and multi-national exports on weak dollar, seventh staight
monthly decline in payrolls in this real recession, and continued problems in
financial sector/real estate/defaults/writedowns; while another� seasoned expert says doesn�t look good
particularly for third and fourth quarters. Motek�s expert says FDIC might have
to borrow from treasury [ FDIC may borrow money from
Treasury ], second largest quarterly loss on record from thrifts at $5.4
billion, Fannie/Freddie fail the performance test, and precipitous fall in
leading economic indicators indicative of deeper/longer recession that we�re
already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real
estate price declines on high volume of�
foreclosure sales/high unsold inventories, high inflation as other than
the economic debacle it is, Motek�s expert reiterates reality of this bear
market, that stocks will resume slide, good time to sell since pricey/frothy at
avg. 24 P/E, that Freddie/Fannie bailout/gov�t. takeover inevitable, more
troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com)
] as loan defaults
extend losses in sub-prime, to now prime, commercial, student loans, credit
cards, even as inflation up, and outlook very bleak. Previously, another bank
failure, but they say existing home sales up greater than expected 3.1%�but
from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits
and nuts) and inventories of for sale/unsold homes at new record high since
tracking began in 1968 and worse to come, Chicago index of manufacturing down
indicating further economic weakness and Motek�s expert says �put� activity
indicates at least 10-15% more downside from here/government bailout ot
fannie/freddie inevitable and f/f stock worthless as all news decisively bad
beyond expectations though fudged to upside for election year and yet bernanke
who is printing worthless hyperinflationary Weimar dollars like mad soothed
(gives them fraudulent talking point) the frauds on wall street saying
essentially the economy is so bad inflation less of a problem (and no interest
rate hike-old news because of economic weakness and bad for dollar) sparking
suckers bear market rally on light volume, Buffett: We're
still in a recession, leading
indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take
profits since all problems remain and dollar mini-spike short-lived though some
fluctuations to upside on speculation other economies will tank.�� Wholesale prices: Highest
annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep
declines. That hub of
global manufacturing buzzing (riiiiight!) as empire state index as measured by
private economists expected to fall -4.2% but is reported up +2.8% (almost 300%
better-I don�t think so, and don�t buy the Brooklyn bridge, watches, swamp land
in jersey, etc.), inflation news double expectations Bracing for
Inflation
August 15, 2008 (BusinessWeek Growing evidence suggests American
consumers, businesspeople, and political leaders should all be bracing for
double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation
into the obscure world of so-called tech which provides, as in prior such ploys
(ie., dot-com bust, more recent bust, etc.) the world street frauds with the
ability to sell the sizzle since investors and americans generally don�t
understand it (ie., iphones are a joke where the so-called �computer� is merely
a restrictor of usual computer functions now tied into apple products and
government shill co att, and anyone who pays the premium for apple products is
a fool), and all news bad albeit fudged to the upside in this election
year.� Fake trade figures, more
writedowns/bad debt, still great opportunity to sell/take profits. Just another
frothy day in the rabidly fraudulent lunatic world of wall street and great
opportunity to sell/take profits since all problems remain and dollar
mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia �
don�t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to
understand fraudulent wall street euphoria over diversion (Georgia conflict)
from their massive fraud which brought much greater than expected losses at
fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee
Republican ) and triple-digit decline to triple digit upswing so especially great
opportunity to sell/take profits as glass-half-full kind of frauds point to
increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can
no longer� hide substantially increased
unemployment, etc., economy so bad oil demand declining which is shill point
for next stage of (new) wall street fraud/commissioned churn and earn scam
which the taxpayers just underwrote/paid for with complicit government,
executive/legislative/judicial branches/fed. Great opportunity to sell/take
profits since all problems remain as real numbers indicate previous decline in
GDP though falsely reported as gain, greater unemployment (watch for fake
numbers from government) and much more downside to come as stocks previously
rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT
UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON
PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE
FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED,
UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The
Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from
Seeking Alpha �AP Business Highlights A private research group says that Americans remain
the most pessimistic about the economy since the tail end of the last prolonged
recession 16 years ago. But economists warn that the slight uptick, which
reverses a six-month slide since January, is likely to be only temporary and
doesn't signal the beginning of a rally�Yahoo� the
survey only has weak correlation with actual spending, so Briefing.com
does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality
but false report from corrupt, scandal-scarred, criminal commerce department
(contrary to all expectations and contrary to all regional fed manufacturing
indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as
Reality trumps bull s**t! Sell dollar denominated assets as all problems
remain. El-Erian: Buy more foreign stocksEven in this century's
darkest days of recession and war, U.S. households kept on spending. But one of
the smartest investors on the planet says the American consumer is finally out
of steam. Even if, and
it is not, oil were the only problem, the same is just a disruption away from a
spike. Suckers� bear market/short-covering rally based on bull s**t alone, this
time by wall street shill paulson whose bailout rhetoric brings �irrational
exuberance� since wall street frauds should be prosecuted, required to disgorge
ill-gotten gains, and jailed since they�re the ones who benefited and are
escaping accountability by the bailout. Except for multi-nationals and
corporate welfare recipients (ie., Lockheed, etc.), greater than expected
losses in not millions but billions rallied the stocks. Remember, these are
huge financial institutions unlike the tiny S&Ls of the last banking
fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators
revised down (after �election year keep the incumbents� fake report). What do
you expect the wall street frauds/criminals who should be held accountable and
the failed (and illegal- constitution would have to be amended to enable Fed to
print those worthless Weimar dollars with now even failed Fannie and Freddie
getting some with taxpayer bailout) Fed to say; admit they royally f**ked up,
etc.,� better than expected very bad
news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200%� more (suuuuure!) than expected oil
inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad
less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE
PROFITS WHILE YOU CAN!] Similarities
between 1929 and 2008 terrifying �[In just the month of June, the Dow
dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the
quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an
anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost
12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October,
the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down
19.80%. A 20% drop from a market peak is considered the start of a bear market
� although many analysts say Wall Street already has a bear market mentality
(because the bear market already is. Some chart data/numbers on
bear markets: first chart second chart).] FAKE GOV�T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS�
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE
PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON
NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED
REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE
HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL
GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS
HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET� FOCUS/DEFLECTION ON CORE INFLATION IS A
SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE�D BE A
TROLLEY CAR.� [eND OF FIRST QUARTER DOW
�8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA
2008: The Great Depression. �High
Likelihood of a Market Crash Similarities
between 1929 and 2008 terrifying �I
WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR
POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN
AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO
STRENGTH/TAKE PROFITS/SELL). SUCKERS� BEAR MARKET/SHORT COVERING RALLY/NEW
BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE
PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9
INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST
PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE
TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS
THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH
AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS
SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO
RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT
DEPRESSION, SAYS IMF. VIX
TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL �YAHOO
FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS
NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR
DOLLAR TO FRAUD TO FAKE GOV�T REPORTS, suckers� bear market rally
into the close, Analysts say
more U.S. banks will fail �Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel
Soon Fannie Plan a `Disaster' to
Rogers; Goldman Says Sell �, why would anyone hold/invest in dollars (deficits, trade and
budget substantial, economic growth declining) so sell/take profits, if you�re
smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors
were encouraged by the possibility of more contributions to their fraud, and
Paulson says things are not as bad as the reports in this election year; he�s
right; they�re much worse! Remember greenspan�s perpetual envy of all the world
speeches; now Bernanke printing hyperinflationary Weimar dollars like mad;
they�re dreaming. Similarities
between 1929 and 2008 terrifying �U.S. stocks post sharp weekly losses; bear market that
already is now said nears , Stocks tumble as more bad economic news piles up,
Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth
time in seven months in May while median prices kept plunging, American Express
sees worsening credit conditions, but fake government report of higher than
expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low
, BlackRock sees global slowdown
worsening in 2009 , DOWNGRADES OF
BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC,
MBIA, AMERICA�S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES
ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY
POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED
AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A
GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND
PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW
YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE� PLUNGING, HOME BUILDERS� CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS
BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT
OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28
YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES
(IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL
TO THE UPSIDE� GOING FORWARD AS LESS
ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO
INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES
ARE WORSE THAN REPORTED (HE�S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP
MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH
REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000,
RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS
SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE�S A LITTLE COST-ACCOUNTING
TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF
EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L
S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ.,
OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND
ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER
PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE
COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS
THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH
OIL PRICES,�� BERNANKE JAWBONES DOLLAR
UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE
INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST
SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE
FALSE DATA,� IE., 6-5-08 UNEMPLOYMENT
CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS
INCLUDING� HOME EQUITY AT LOWEST LEVELS
SINCE WW2,� DOWNGRADES ON FINANCIALS
INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE
FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE
(ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE FOR A PRICE/FAVOR) WITH
THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE
SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS
EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP
SHARPLY, BIG DISCOUNTERS� GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH
SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING
CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION),
AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT,
LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD� �14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO
CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD
NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN
BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT
ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55%
BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I�M SURPRISED AT THE LOW PERCENTAGE
RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV�T REPORT
REVISING FIRST QUARTER GROWTH TO .9%�
(SUUUUURE� YOU THINK THE �WHAT HAPPENED� REVELATIONS, SUBSTANTIVELY
REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE
FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE � GREAT � RIIIIIGHT.
ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER
CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM
OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD
PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS.� DON�T FORGET: THIS ELECTION YEAR PRINT AND
SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE
DATA/REPORTS, ETC., CAN�T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE
FANTASY BUBBLE WILL BURST POST ELECTION. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? �The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch �More doom for global economy �Visualizing Dow 6,000 ��] Yahoo: On Monday, stocks plummeted across the world
on global financial and economic concerns, although late-session buying
interest helped U.S. stocks pare more than half of their losses in the final
hour of trade.The Dow, Nasdaq and S&P 500 fell 3.5%, 3.8% and 4.3%,
respectively, all settling at multi-year lows. Still, the end result was
a huge improvement from the session's worst levels, when the Dow,
Nasdaq and S&P 500 were down 7.8%, 8.8% and 8.3%, respectively.Helping
stocks pare their losses was a headline that France proposed an emergency G8
meeting on the financial crisis, which increased speculation that global
central banks may make a coordinated intermeeting rate cut.Overseas equity
markets fared even worse than the U.S., with the DJ World Excluding U.S. Index
falling 7.3% as Europe fell 7.6%The selling in Europe was driven over concerns
that more bailouts of European financial institutions are needed after
Germany's government stepped in to prevent the collapse of property lender Hypo
Real Estate. In addition, interbank lending rates rose in European currencies
as banks remain reluctant to lend to each other.Global growth concerns were
prevalent in commodity trading, with the CRB Index plunging 5.2%. Oil
prices dropped 5.0% to $89.15 per barrel.Meanwhile, risk averse investors bid
up the prices of Treasuries in a flight-to-quality trade. The 10-year note
climbed 36 ticks sending its yield down to 3.47%. On a related note, gold,
which is considered a safe-haven, rallied 4.4% to $865.50 per ounce.Weakness in
Europe prompted a large 1.5% rally in the dollar. The euro fell 2.2% to $1.35
and the pound declined 1.7% to $1.74.In an attempt to improve liquidity and
shore up confidence, the Fed announced this morning that it is planning to
double the outstanding Term Auction Facilities (TAF) balances to $900 billion.
The TAFs aim to improve liquidity by allowing depository institutions to borrow
from the Fed using the same collateral that is accepted at the discount window.
The Fed will also start paying interest on depository institutions' required
and excess reserve balances. The announcement failed to lift the stock
market.The sharp declines in global stock markets induced traders to raise
their bets on the size of a rate cut at the Oct. 29 FOMC meeting, with
increased speculation that there will be a coordinated global central bank
intermeeting rate cut. Fed funds futures suggest a 52% chance that the fed
funds rate will be cut by 75 basis points.DJ30 -369.88 NASDAQ -84.43 NQ100
-4.1% R2K -3.8% SP400 -4.4% SP500 -42.34 NASDAQ Adv/Vol/Dec 418/3.45 bln/2449
NYSE Adv/Vol/Dec 231/1.95 bln/2997 ��..��
��AP Business Highlights
������� U.S. Economy: The Worst is Yet to
Come , U.S. Bank Failures Loom ,�� New reports give bleak outlook
on housing, economy, Foreclosures hit a record high � and more
coming,� Ford readies white-collar layoffs as sales tumble While GM
Shutters 4 North american Factories/Lays off Workers (Reuters), �April insured mortgage defaults rise (Reuters)�� ����
(10-3-08) DOW� -157.47 NASDAQ �29.33� S&P �15.05� [CLOSE- OIL $93.88 (RECORD TRADING HIGH $147.27) GAS $3.53(reg. gas in LAND OF
FRUITS AND NUTS� $3.58 REG./ $4.22
MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $833.20/ SILVER $11.33/ PLATINUM
$965/ DOLLAR= .72 EURO, 105 YEN, .56 POUND STERLING, ETC. (How low can you go -
LOWER)/ 10 YR NOTE YIELD 3.58% ..��
��AP Business Highlights
������� ����] Buy on rumor, sell on news
(of fraud bailout) obtains, fundamentals horrendous as economy loses more than
expected 159,000 jobs, Motek�s economist/expert/trader says serious economic
issues remain and cites �73 to �74 when market fell 45% top to bottom while
securities expert says now focus is on fundamentals and not a pretty picture
and cautions about dilution, get your money out while you can-sell into
strength/rallies/take profits-that�s what they did , previously hopes for
fraudulent $4 trillion plus is missing through U.S. federal agency
accounts managed by the NY Fed misguided
Not One Dime!
�wall street fraud/criminal bailout �Grand Larceny� on a Monumental Scale: Does the Bailout
Bill Mark the End of America as We Know It? �can�t change reality as unemployment numbers highest in 7 years,
factory orders decline to lowest level in 2 years, food prices with largest
increase since 1990, previous 200 point swing to the upside on top
of 485 point� previous day gain with all
seriously negative news including sales drops of 16% at GM and 35% at Ford so
sell into these rallies/strength/take profits whil you can, economist Brusca
points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 �, U.S. Sept. ISM manufacturing index plunges to 43.5% (worst
since 1955), Bailout Would Only Prolong Crisis: Jim Rogers �,except for scandal-scarred corrupt commerce department which
reported unexpected rise in consumer sentiment (riiiiight�things are so
hunky-dory), all news decidedly negative with home prices falling an unexpected
record� 16.3 %, etc. Bailout marks
Karl Marx�s comeback �This is not brain surgery and the fraud,
bonuses/compensation (mortgages, subprime and otherwise, are only a relatively
small portion of the fraud/scam providing �cover/collateral� for the worthless
but heavily commissioned paper over and over again in a multiplicity of
different forms of worthless paper) in the mega-billions should first be
disgorged before taxpayers are forced to pony up and pay the frauds again for
their fraud which caused the problem in the first instance, must be prosecuted.
It should also be noted that despite the rhetoric, the wall street bailout
will NOT solve the crisis or eliminate the economic pain except to make
permanent the fraudulent wealth transfer to the most well healed
heals/frauds/criminals in the nation who caused the so-called crisis by their
greed/corruption/fraud.�� All news
decisively negative as WaMu becomes biggest bank to fail in US history (AP),
GDP revised downward to 2.8% in second quarter (the market previously rallied on
the false news and rallies again on the true bad news), only 30% at most support the taxpayer
bailout of the wall street frauds so count on tax revolts as predicted by
experts if the same passes , Sell
into any rallies/take profits as all problems remain and will be exacerbated by
the fact that the vast majority of taxpayers rationally and correctly opposed
the bailout of the wall street criminals who benefited from the fraud. Reaction
has been fast and furious 9-28-08[2:38 am]; take a look at some initial
comments. Sell into any strength/take profits because
with bank failures and raids on taxpayer funds and reckless printing like mad
of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear
market, �New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up
and durable goods orders down far more than expected, home prices drop by
record 9.5%, existing home sales down 2.2% as they continue to foist the wall
street criminal/fraud bailout on taxpayers which Bloomberg
now pegs at a cost of $5 trillion while other economists/experts say
hundreds of trillions [which means $700 billion down the tubes into the pockets
of the wall street criminals (make them pay) who created the mess through their
greed/fraud/scams and who�ve already reaped huge financial sums in the many
billions through compensation/bonuses (mortgages, subprime and otherwise, are
only a relatively small portion of the fraud/scam providing �cover/collateral�
for the worthless but heavily commissioned paper over and over again in a
multiplicity of different forms of worthless paper]; Motek�s financial expert,
Financial Times Business Editor cites thoroughly gloomy economic picture
globally and u.s. particularly, record levels of borrowing from fed, even with
passage of bailout dire economic/financial scenario will remain, and axiomatic
�buy on the rumor, sell on the news� picture for stocks while his
expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out
wall street criminals who should be in prison [and who should pay back/disgorge
the hundreds of billions they�ve been scamming by repackaging/recollateralizing
commissioning and reselling of which fraud/bubble I�ve been warning for over 5
years on this site-indeed they even have been exempted by congress for RICO
liability and meaningfully lawless application of other laws as I reiterate in
my RICO Summary under penalty of perjury to the
FBI at their request including RICO violations by Sam Alito, former u.s.
attorney (District of new jersey) who parlayed obstruction of justice (I�ve
sworn to this regarding drug-money laundering) into judicial appointments to
the 3rd circuit court of appeals with maryanne trump (Barry) and now the
so-called supreme court (he should have gone to jail) justice; how could anyone
even listen to bush (WMD�s in Iraq-I also warned against that debacle/fraud/war
crimes/profiteering) ] and he further says let the ceo�s go and some of the
failed institutions fail condemning the outrageousness of the lack of oversight
in this huge fraud/wealth transfer; and hanky panky paulson the wall street
shill whose $50 million in blind trust and $20 million in vanguard benefits
from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so�
great opportunity to sell/take profits while you still can. One democrat
said that with 3 months remaining in war criminal (remember the lies) bush�s
lamentable failed presidency the grab based on fear that bailout of the
criminals who caused the problem and made huge sums from their heavily
commissioned fraud will avoid what already is can only be deemed another
fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting
conflict is also part of america�s problem, is preposterous on it�s face.A
republican said that the so-called over-sight provision utilizes a standard of
judicial review that would render impossible any purported review/abrogation
(and after the fact at that) of paulson�s largesse to his bro�s on wall street
and bush buddies. �Mike
Stathis The Market Oracle September 22, 2008� As far as I�m concerned, anyone
who doesn�t conduct a full investigation of this charade leading to several
CEOs and other executives in prison with all of their assets being shuttled
into America�s bailout fund doesn�t have what it takes to lead America anywhere
except on its current course � downward. But it doesn�t really matter at this
point anyway. Washington and the greedy bankers have ensured the end of what
was once a great and proud nation filled with hope and opportunity. � , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit �,�
Financial terrorism: US taxpayers bail out Wall Street
criminals , A Bailout to Nowhere ��,�Cramer had said the astonishing 779-point
rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up
since all real news remains decisively negative as leading indicators fall, unemployment claims rise,
but� suckers� bear market rally b**l
s**t talking points without realistic, legitimate, sound foundation previously
rallied stocks in nearly 600 point swing to the upside as wall street
shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer
paid for by taxpayers (yet another bailout � tax revolts as predicted by
trendsresearch.com are a coming � McCain is quite right that land of fruits and
nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt
Nimmo | Congress critters, former Fed mob bosses want a public
boondoggle along the line of the Resolution Trust Corp. to bailout the
banksters) and
insurmountably increasing the defacto bankrupt government�s debt� in favor of the very well-healed
perpetrators of the fraud who should be prosecuted and forced to disgorge their
ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching
the ill-advised united
soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then
there was the ridiculous spike from fed�s announced printing/creating more
worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign
contributions does not even register a blip of difference in light of the
magnitude of the amount of debt, $14 trillion private/$15 trillion public, much
of which must be written down/off/non-performing . Don�t be wall street�s
(churn and earn) fool; time for them to pay up; time for you to sell/take
profits/cut losses! Housing construction plunges
6.2 pct. in August� ,� Worst is
yet to come, investment strategist warns (at MarketWatch) �,
more gov�t bailout taxpayer money with ever more worthless Weimar dollars (fed
printing/creating them like mad) proves the only lunatics (yes, the full moon)
are not limited to those lunatic fraudulent wall street needful things who
should be prosecuted and forced to disgorge their ill-gotten gains, as united
soviet socialist states of america (who built up communist china so who could
have expected less)� takes 80% stake in
AIG, spreads widening as piles of worthless debt/securities/collateral unwind
so sell into these suckers� bear market rallies as all problems remain US Economy:
Rudderless and Reeling From Direct Hits �, Federal bank
insurance fund dwindling , More Socialism for
the Bankers: Fed to �Loan� AIG $85 Billion , economy so bad oil demand own, so cut your
losses/take whatever gains/get your money out while you still can as industrial
output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance
system pummels stock market , Rogers: Dollar To Lose World Reserve Status ,
AIG downgraded as financial
meltdown spreads , Wall Street mauled by
Lehman bankruptcy, AIG fears ,�
highest year over year foreclosures on record, retail down .3% while
inventories up, as bad news spurs over 150 point swing to the upside into the
close which shows irrationally fraudulent markets trying to keep suckers sucked
in for their commissioning pleasure, Bullish Sentiment Drops 30% �, CBOE Put-Call Ratio Indicates Negative Outlook ,
Get Ready For the S&P 500 to Break Below 1200 ,
WaMu cut to "junk," sees $4.5
billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession,
Job Losses , August
foreclosures hit another record high , federal/trade deficits among other bad
news worse than expected which previously rallied stocks (riiiiight!) on over
300 point swing to the upside (I don�t think so)� so sell into these ephemeral rallies/"strength�, Lehman
shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop
below 9,000,
election-year sugar/fake reports as Pending home sales fall more than expected 3.2%
, Fannie/Freddie
fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer
since they believe their fraudulent gains, many billions worth, might not be
touched - they should be disgorged through prosecution) as defacto bankrupt
government to commit� $100 billion each
to insolvent fannie/freddie ($200 billion they really don�t have to start with),
very ridiculous so sell into ephemeral rallies/"strength" since the
same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of
Crooks And Incompetents" �(more to follow this
update on 9-7-08) suckers� bear market/short-covering rally into the close on
200 point swing to the upside (riiiiight) on very bad news, �nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to
6.1%,� THE
LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports
, �Home
foreclosures reach record high , and keep in mind frauds/scams
like wall street today invariably unravel as reality bites with all news bad
(except for fake news) and worse than expected with new unemployment claims up
more than 15,000 on top of terrible back-to-school shopping/retail numbers,
though still sugar-coated for election year as sales at GM down 20% Ford down
26%, bankruptcies up, credit union taken over by feds, August ISM Index
down below 50 indicating contraction, construction
spending fell a larger-than-expected 0.6%, and spending
down to lowest level in 3 years with income declining .7% in contrast to
previous day�s suckers� bear market rally on light volume so great time to
sell/take profits while you can since all problems remain] Election-year feel
good typically false/embellished at best temporary report on GDP 58% better
than private forecasts along with that bastion of american credibility, the
scandal scarred prevaricating commerce department comes through with fraudulent
talking point for the wall street frauds with durable goods numbers exceeding
private economist estimates by 400% (I don�t think so!), as one of Motek�s
experts says GDP number from government, at best temporary blip from rebate
stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s.
doesn�t really have) and multi-national exports on weak dollar, seventh staight
monthly decline in payrolls in this real recession, and continued problems in
financial sector/real estate/defaults/writedowns; while another� seasoned expert says doesn�t look good
particularly for third and fourth quarters. Motek�s expert says FDIC might have
to borrow from treasury [ FDIC may borrow money from
Treasury ], second largest quarterly loss on record from thrifts at $5.4
billion, Fannie/Freddie fail the performance test, and precipitous fall in
leading economic indicators indicative of deeper/longer recession that we�re
already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real
estate price declines on high volume of�
foreclosure sales/high unsold inventories, high inflation as other than
the economic debacle it is, Motek�s expert reiterates reality of this bear
market, that stocks will resume slide, good time to sell since pricey/frothy at
avg. 24 P/E, that Freddie/Fannie bailout/gov�t. takeover inevitable, more
troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com)
] as loan defaults
extend losses in sub-prime, to now prime, commercial, student loans, credit
cards, even as inflation up, and outlook very bleak. Previously, another bank
failure, but they say existing home sales up greater than expected 3.1%�but
from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits
and nuts) and inventories of for sale/unsold homes at new record high since
tracking began in 1968 and worse to come, Chicago index of manufacturing down
indicating further economic weakness and Motek�s expert says �put� activity
indicates at least 10-15% more downside from here/government bailout ot
fannie/freddie inevitable and f/f stock worthless as all news decisively bad
beyond expectations though fudged to upside for election year and yet bernanke
who is printing worthless hyperinflationary Weimar dollars like mad soothed
(gives them fraudulent talking point) the frauds on wall street saying
essentially the economy is so bad inflation less of a problem (and no interest
rate hike-old news because of economic weakness and bad for dollar) sparking
suckers bear market rally on light volume, Buffett: We're
still in a recession, leading
indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take
profits since all problems remain and dollar mini-spike short-lived though some
fluctuations to upside on speculation other economies will tank.�� Wholesale prices: Highest
annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep
declines. That hub of
global manufacturing buzzing (riiiiight!) as empire state index as measured by
private economists expected to fall -4.2% but is reported up +2.8% (almost 300%
better-I don�t think so, and don�t buy the Brooklyn bridge, watches, swamp land
in jersey, etc.), inflation news double expectations Bracing for
Inflation
August 15, 2008 (BusinessWeek Growing evidence suggests American
consumers, businesspeople, and political leaders should all be bracing for
double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation
into the obscure world of so-called tech which provides, as in prior such ploys
(ie., dot-com bust, more recent bust, etc.) the world street frauds with the
ability to sell the sizzle since investors and americans generally don�t
understand it (ie., iphones are a joke where the so-called �computer� is merely
a restrictor of usual computer functions now tied into apple products and
government shill co att, and anyone who pays the premium for apple products is
a fool), and all news bad albeit fudged to the upside in this election
year.� Fake trade figures, more
writedowns/bad debt, still great opportunity to sell/take profits. Just another
frothy day in the rabidly fraudulent lunatic world of wall street and great
opportunity to sell/take profits since all problems remain and dollar
mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia �
don�t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to
understand fraudulent wall street euphoria over diversion (Georgia conflict)
from their massive fraud which brought much greater than expected losses at
fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee
Republican ) and triple-digit decline to triple digit upswing so especially great
opportunity to sell/take profits as glass-half-full kind of frauds point to
increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can
no longer� hide substantially increased
unemployment, etc., economy so bad oil demand declining which is shill point
for next stage of (new) wall street fraud/commissioned churn and earn scam
which the taxpayers just underwrote/paid for with complicit government,
executive/legislative/judicial branches/fed. Great opportunity to sell/take profits
since all problems remain as real numbers indicate previous decline in GDP
though falsely reported as gain, greater unemployment (watch for fake numbers
from government) and much more downside to come as stocks previously rallied on
sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR
TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO
FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE FOR A
PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED
INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The
Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from
Seeking Alpha �AP Business Highlights A private research group says that Americans remain
the most pessimistic about the economy since the tail end of the last prolonged
recession 16 years ago. But economists warn that the slight uptick, which
reverses a six-month slide since January, is likely to be only temporary and
doesn't signal the beginning of a rally�Yahoo� the
survey only has weak correlation with actual spending, so Briefing.com
does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality
but false report from corrupt, scandal-scarred, criminal commerce department
(contrary to all expectations and contrary to all regional fed manufacturing
indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as
Reality trumps bull s**t! Sell dollar denominated assets as all problems
remain. El-Erian: Buy more foreign stocksEven in this century's
darkest days of recession and war, U.S. households kept on spending. But one of
the smartest investors on the planet says the American consumer is finally out
of steam. Even if, and
it is not, oil were the only problem, the same is just a disruption away from a
spike. Suckers� bear market/short-covering rally based on bull s**t alone, this
time by wall street shill paulson whose bailout rhetoric brings �irrational
exuberance� since wall street frauds should be prosecuted, required to disgorge
ill-gotten gains, and jailed since they�re the ones who benefited and are
escaping accountability by the bailout. Except for multi-nationals and
corporate welfare recipients (ie., Lockheed, etc.), greater than expected
losses in not millions but billions rallied the stocks. Remember, these are
huge financial institutions unlike the tiny S&Ls of the last banking
fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators
revised down (after �election year keep the incumbents� fake report). What do you
expect the wall street frauds/criminals who should be held accountable and the
failed (and illegal- constitution would have to be amended to enable Fed to
print those worthless Weimar dollars with now even failed Fannie and Freddie
getting some with taxpayer bailout) Fed to say; admit they royally f**ked up,
etc.,� better than expected very bad
news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200%� more (suuuuure!) than expected oil
inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad
less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE
PROFITS WHILE YOU CAN!] Similarities
between 1929 and 2008 terrifying �[In just the month of June, the Dow
dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the
quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an
anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost
12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October,
the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down
19.80%. A 20% drop from a market peak is considered the start of a bear market
� although many analysts say Wall Street already has a bear market mentality
(because the bear market already is. Some chart data/numbers on
bear markets: first chart second chart).] FAKE GOV�T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS�
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE
PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON
NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED
REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE
HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL
GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS
HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET� FOCUS/DEFLECTION ON CORE INFLATION IS A
SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE�D BE A
TROLLEY CAR.� [eND OF FIRST QUARTER DOW
�8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA
2008: The Great Depression. �High
Likelihood of a Market Crash Similarities
between 1929 and 2008 terrifying �I
WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR
POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN
AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO
STRENGTH/TAKE PROFITS/SELL). SUCKERS� BEAR MARKET/SHORT COVERING RALLY/NEW
BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE
PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9
INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST
PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE
TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS
THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH
AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS
SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO
RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT
DEPRESSION, SAYS IMF. VIX
TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL �YAHOO
FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS
NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR
DOLLAR TO FRAUD TO FAKE GOV�T REPORTS, suckers� bear market rally
into the close, Analysts say
more U.S. banks will fail �Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel
Soon Fannie Plan a `Disaster' to
Rogers; Goldman Says Sell �, why would anyone hold/invest in dollars (deficits, trade and
budget substantial, economic growth declining) so sell/take profits, if you�re
smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors
were encouraged by the possibility of more contributions to their fraud, and
Paulson says things are not as bad as the reports in this election year; he�s
right; they�re much worse! Remember greenspan�s perpetual envy of all the world
speeches; now Bernanke printing hyperinflationary Weimar dollars like mad;
they�re dreaming. Similarities
between 1929 and 2008 terrifying �U.S. stocks post sharp weekly losses; bear market that
already is now said nears , Stocks tumble as more bad economic news piles up,
Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth
time in seven months in May while median prices kept plunging, American Express
sees worsening credit conditions, but fake government report of higher than
expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low
, BlackRock sees global slowdown
worsening in 2009 , DOWNGRADES OF
BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC,
MBIA, AMERICA�S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES
ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY
POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED
AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A
GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND
PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW
YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE� PLUNGING, HOME BUILDERS� CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS
BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT
OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28
YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES
(IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL
TO THE UPSIDE� GOING FORWARD AS LESS
ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO
INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES
ARE WORSE THAN REPORTED (HE�S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP
MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH
REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000,
RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS
SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE�S A LITTLE
COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE
SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE
SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA,
VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND
ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER
PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE
COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS
THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH
OIL PRICES,�� BERNANKE JAWBONES DOLLAR
UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE
INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST
SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE
FALSE DATA,� IE., 6-5-08 UNEMPLOYMENT
CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS
INCLUDING� HOME EQUITY AT LOWEST LEVELS
SINCE WW2,� DOWNGRADES ON FINANCIALS
INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE
FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE
(ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE FOR A PRICE/FAVOR) WITH
THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE
SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS
EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP
SHARPLY, BIG DISCOUNTERS� GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH
SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING
CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION),
AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT,
LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD� �14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO
CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD
NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN
BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT
ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55%
BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I�M SURPRISED AT THE LOW PERCENTAGE
RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV�T REPORT
REVISING FIRST QUARTER GROWTH TO .9%�
(SUUUUURE� YOU THINK THE �WHAT HAPPENED� REVELATIONS, SUBSTANTIVELY
REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE
FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE � GREAT � RIIIIIGHT.
ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER
CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM
OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD
PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS.� DON�T FORGET: THIS ELECTION YEAR PRINT AND
SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE
DATA/REPORTS, ETC., CAN�T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY
BUBBLE WILL BURST POST ELECTION. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? �The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch �More doom for global economy �Visualizing Dow 6,000 ��] Yahoo: Friday marked the end of an incredible week on
Wall Street. On Monday the S&P 500 fell more than 9% after Congress
rejected a plan to purchase distressed assets from financial firms. By week's
end, Congress approved an amended version of the plan, but traders sold the
news in a concerted effort. Investors were upbeat since the sounding of
Friday's opening bell, mostly confident the House of Representatives would pass
the latest version of the $700 billion asset purchase plan. Participants were
also encouraged by the prospect that the Fed will slash its target interest
rate at its next meeting, or even convene between scheduled meetings to more
quickly add liquidity to markets. The major indices were at their best levels
of the session midday. At that point the Dow was up 3.0%, while the S&P 500
and the Nasdaq were each up 3.6%. The positive sentiment was enough to
overshadow another dose of dour economic data. Specifically, the Department of
Labor announced nonfarm payrolls were down for the ninth consecutive month.
They fell 159,000 in September, exceeding the drop of 105,000 that was widely
anticipated. The unemployment rate remains at an elevated 6.1%. Generally
overlooked, the ISM nonmanufacturing index for September came in at a
relatively neutral reading of 50.2. Though it is down a bit from the prior
reading of 50.6 and slightly above the consensus reading of 50.0, it indicates
steady activity. Dealings in the banking industry also helped early sentiment. Wells Fargo (WFC 34.82, -0.34) and Wachovia Bank (WB 6.21, +2.30) announced they would
merger their operations in a stock-for-stock transaction valued that valued
shares of WB around $7.00 each, a premium of almost 80% to the prior session's
closing price. The overall transaction is valued at $15.1 billion. Though the
announcement was pleasing to market participants, Citigroup (C 18.42, -4.08) contends that it
violates an exclusivity agreement made when Citi agreed to acquire Wachovia's
banking operations. That deal was struck earlier this week and backed by the
FDIC. Separately, AIG (AIG 3.86, -0.14) announced plans to divest certain assets to
refocus on core insurance businesses. The moves will help raise capital to
protect against losses and pay down the credit line extended by the Federal
Reserve. The news pushed shares of AIG higher early on, helping multiline
insurers recover from heavy losses this week. The group was hit hard this week
as investors grew concerned over their financial health. That concern grew
increasingly apparent as their credit spreads widened. Multiline insurers were
up almost 15% at their session high, but finished with a gain near 1.1%. The
overall financial sector had climbed to a gain of 4.9%, but closed with a loss
of 4.0%. The turnabout came after Congress approved an amended version of a
$700 billion plan to purchase distressed assets from financial companies. A
knee-jerk reaction by traders sent stocks down sharply as they sold the news of
the plan's approval. The major indices remained in a funk for the remainder
afternoon and finished near session lows. The retreat turned the large gains
seen earlier in the session into losses near 1.5%. Friday's sell off extended
this week's already massive losses. For the week, the Dow shed 7.4%, the Nasdaq
dropped 10.8%, and the S&P 500 fell 9.4%. DJ30 -157.15 NASDAQ -29.33 NQ100
-1.4% R2K -2.9% SP400 -2.5% SP500 -15.04 NASDAQ Adv/Vol/Dec 730/2.51 bln/2055
NYSE Adv/Vol/Dec 1097/1.42 bln/2043 ..��
��AP Business Highlights
������� U.S. Economy: The Worst is Yet to
Come , U.S. Bank Failures Loom ,�� New reports give bleak
outlook on housing, economy, Foreclosures hit a record high � and more
coming,� Ford readies white-collar layoffs as sales tumble While GM
Shutters 4 North american Factories/Lays off Workers (Reuters), �April insured mortgage defaults rise (Reuters)�� ����
(10-2-08) DOW� -348.22�
NASDAQ �92.68� S&P
�46.78� [CLOSE- OIL $93.97 (RECORD TRADING HIGH $147.27) GAS
$3.53(reg. gas in LAND OF FRUITS AND NUTS�
$3.65 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $844.65/
SILVER $11.13/ PLATINUM $958/ DOLLAR= .71 EURO, 105 YEN, .55 POUND STERLING,
ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.62% ..�� ��AP Business
Highlights ������� ����] Even
hopes for fraudulent $4 trillion plus is
missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime!
�wall street fraud/criminal bailout �Grand Larceny� on a Monumental Scale: Does the Bailout
Bill Mark the End of America as We Know It? �can�t change reality as unemployment numbers highest in 7 years,
factory orders decline to lowest level in 2 years, food prices with largest
increase since 1990, previous 200 point swing to the upside on top
of 485 point� previous day gain with all
seriously negative news including sales drops of 16% at GM and 35% at Ford so
sell into these rallies/strength/take profits whil you can, economist Brusca
points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 �, U.S. Sept. ISM manufacturing index plunges to 43.5% (worst
since 1955), Bailout Would Only Prolong Crisis: Jim Rogers �,except for scandal-scarred corrupt commerce department which
reported unexpected rise in consumer sentiment (riiiiight�things are so
hunky-dory), all news decidedly negative with home prices falling an unexpected
record� 16.3 %, etc. Bailout marks
Karl Marx�s comeback �This is not brain surgery and the fraud,
bonuses/compensation (mortgages, subprime and otherwise, are only a relatively
small portion of the fraud/scam providing �cover/collateral� for the worthless
but heavily commissioned paper over and over again in a multiplicity of
different forms of worthless paper) in the mega-billions should first be
disgorged before taxpayers are forced to pony up and pay the frauds again for
their fraud which caused the problem in the first instance, must be prosecuted.
It should also be noted that despite the rhetoric, the wall street bailout
will NOT solve the crisis or eliminate the economic pain except to make
permanent the fraudulent wealth transfer to the most well healed
heals/frauds/criminals in the nation who caused the so-called crisis by their
greed/corruption/fraud.�� All news
decisively negative as WaMu becomes biggest bank to fail in US history (AP),
GDP revised downward to 2.8% in second quarter (the market previously rallied
on the false news and rallies again on the true bad news), only 30% at most support the taxpayer
bailout of the wall street frauds so count on tax revolts as predicted by
experts if the same passes , Sell
into any rallies/take profits as all problems remain and will be exacerbated by
the fact that the vast majority of taxpayers rationally and correctly opposed
the bailout of the wall street criminals who benefited from the fraud. Reaction
has been fast and furious 9-28-08[2:38 am]; take a look at some initial
comments. Sell into any strength/take profits because
with bank failures and raids on taxpayer funds and reckless printing like mad
of worthless Weimar dollars and fake data/reports and lies this is worse than
recession/bear market, �New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up
and durable goods orders down far more than expected, home prices drop by
record 9.5%, existing home sales down 2.2% as they continue to foist the wall
street criminal/fraud bailout on taxpayers which Bloomberg
now pegs at a cost of $5 trillion while other economists/experts say
hundreds of trillions [which means $700 billion down the tubes into the pockets
of the wall street criminals (make them pay) who created the mess through their
greed/fraud/scams and who�ve already reaped huge financial sums in the many
billions through compensation/bonuses (mortgages, subprime and otherwise, are
only a relatively small portion of the fraud/scam providing �cover/collateral�
for the worthless but heavily commissioned paper over and over again in a
multiplicity of different forms of worthless paper]; Motek�s financial expert,
Financial Times Business Editor cites thoroughly gloomy economic picture
globally and u.s. particularly, record levels of borrowing from fed, even with
passage of bailout dire economic/financial scenario will remain, and axiomatic
�buy on the rumor, sell on the news� picture for stocks while his
expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out
wall street criminals who should be in prison [and who should pay back/disgorge
the hundreds of billions they�ve been scamming by repackaging/recollateralizing
commissioning and reselling of which fraud/bubble I�ve been warning for over 5
years on this site-indeed they even have been exempted by congress for RICO
liability and meaningfully lawless application of other laws as I reiterate in
my RICO Summary under penalty of perjury to the
FBI at their request including RICO violations by Sam Alito, former u.s.
attorney (District of new jersey) who parlayed obstruction of justice (I�ve
sworn to this regarding drug-money laundering) into judicial appointments to
the 3rd circuit court of appeals with maryanne trump (Barry) and now the
so-called supreme court (he should have gone to jail) justice; how could anyone
even listen to bush (WMD�s in Iraq-I also warned against that debacle/fraud/war
crimes/profiteering) ] and he further says let the ceo�s go and some of the
failed institutions fail condemning the outrageousness of the lack of oversight
in this huge fraud/wealth transfer; and hanky panky paulson the wall street
shill whose $50 million in blind trust and $20 million in vanguard benefits
from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so�
great opportunity to sell/take profits while you still can. One
democrat said that with 3 months remaining in war criminal (remember the lies)
bush�s lamentable failed presidency the grab based on fear that bailout of the
criminals who caused the problem and made huge sums from their heavily
commissioned fraud will avoid what already is can only be deemed another
fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting
conflict is also part of america�s problem, is preposterous on it�s face.A
republican said that the so-called over-sight provision utilizes a standard of
judicial review that would render impossible any purported review/abrogation
(and after the fact at that) of paulson�s largesse to his bro�s on wall street
and bush buddies. �Mike
Stathis The Market Oracle September 22, 2008� As far as I�m concerned, anyone
who doesn�t conduct a full investigation of this charade leading to several
CEOs and other executives in prison with all of their assets being shuttled
into America�s bailout fund doesn�t have what it takes to lead America anywhere
except on its current course � downward. But it doesn�t really matter at this
point anyway. Washington and the greedy bankers have ensured the end of what
was once a great and proud nation filled with hope and opportunity. � , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit �,�
Financial terrorism: US taxpayers bail out Wall Street
criminals , A Bailout to Nowhere ��,�Cramer had said the astonishing 779-point
rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up
since all real news remains decisively negative as leading indicators fall, unemployment claims rise,
but� suckers� bear market rally b**l
s**t talking points without realistic, legitimate, sound foundation previously
rallied stocks in nearly 600 point swing to the upside as wall street
shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer
paid for by taxpayers (yet another bailout � tax revolts as predicted by
trendsresearch.com are a coming � McCain is quite right that land of fruits and
nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt
Nimmo | Congress critters, former Fed mob bosses want a public
boondoggle along the line of the Resolution Trust Corp. to bailout the
banksters) and
insurmountably increasing the defacto bankrupt government�s debt� in favor of the very well-healed
perpetrators of the fraud who should be prosecuted and forced to disgorge their
ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching
the ill-advised united
soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then
there was the ridiculous spike from fed�s announced printing/creating more
worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign
contributions does not even register a blip of difference in light of the
magnitude of the amount of debt, $14 trillion private/$15 trillion public, much
of which must be written down/off/non-performing . Don�t be wall street�s
(churn and earn) fool; time for them to pay up; time for you to sell/take
profits/cut losses! Housing construction
plunges 6.2 pct. in August� ,� Worst
is yet to come, investment strategist warns (at MarketWatch) �,
more gov�t bailout taxpayer money with ever more worthless Weimar dollars (fed
printing/creating them like mad) proves the only lunatics (yes, the full moon)
are not limited to those lunatic fraudulent wall street needful things who
should be prosecuted and forced to disgorge their ill-gotten gains, as united
soviet socialist states of america (who built up communist china so who could
have expected less)� takes 80% stake in
AIG, spreads widening as piles of worthless debt/securities/collateral unwind
so sell into these suckers� bear market rallies as all problems remain US Economy:
Rudderless and Reeling From Direct Hits �, Federal bank
insurance fund dwindling , More Socialism for
the Bankers: Fed to �Loan� AIG $85 Billion , economy so bad oil demand own, so cut your
losses/take whatever gains/get your money out while you still can as industrial
output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system
pummels stock market , Rogers: Dollar To Lose World Reserve Status ,
AIG downgraded as financial
meltdown spreads , Wall Street mauled by
Lehman bankruptcy, AIG fears ,�
highest year over year foreclosures on record, retail down .3% while inventories
up, as bad news spurs over 150 point swing to the upside into the close which
shows irrationally fraudulent markets trying to keep suckers sucked in for
their commissioning pleasure, Bullish Sentiment Drops 30% �, CBOE Put-Call Ratio Indicates Negative Outlook ,
Get Ready For the S&P 500 to Break Below 1200 ,
WaMu cut to "junk," sees $4.5
billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession,
Job Losses , August
foreclosures hit another record high , federal/trade deficits among other bad
news worse than expected which previously rallied stocks (riiiiight!) on over
300 point swing to the upside (I don�t think so)� so sell into these ephemeral rallies/"strength�, Lehman
shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop
below 9,000,
election-year sugar/fake reports as Pending home sales fall more than expected 3.2%
, Fannie/Freddie
fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer
since they believe their fraudulent gains, many billions worth, might not be
touched - they should be disgorged through prosecution) as defacto bankrupt
government to commit� $100 billion each
to insolvent fannie/freddie ($200 billion they really don�t have to start with),
very ridiculous so sell into ephemeral rallies/"strength" since the
same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of
Crooks And Incompetents" �(more to follow this
update on 9-7-08) suckers� bear market/short-covering rally into the close on
200 point swing to the upside (riiiiight) on very bad news,� nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to
6.1%,� THE
LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports
, �Home
foreclosures reach record high , and keep in mind frauds/scams
like wall street today invariably unravel as reality bites with all news bad
(except for fake news) and worse than expected with new unemployment claims up
more than 15,000 on top of terrible back-to-school shopping/retail numbers,
though still sugar-coated for election year as sales at GM down 20% Ford down
26%, bankruptcies up, credit union taken over by feds, August ISM Index
down below 50 indicating contraction, construction
spending fell a larger-than-expected 0.6%, and spending
down to lowest level in 3 years with income declining .7% in contrast to
previous day�s suckers� bear market rally on light volume so great time to
sell/take profits while you can since all problems remain] Election-year feel
good typically false/embellished at best temporary report on GDP 58% better
than private forecasts along with that bastion of american credibility, the
scandal scarred prevaricating commerce department comes through with fraudulent
talking point for the wall street frauds with durable goods numbers exceeding
private economist estimates by 400% (I don�t think so!), as one of Motek�s
experts says GDP number from government, at best temporary blip from rebate
stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s.
doesn�t really have) and multi-national exports on weak dollar, seventh staight
monthly decline in payrolls in this real recession, and continued problems in
financial sector/real estate/defaults/writedowns; while another� seasoned expert says doesn�t look good
particularly for third and fourth quarters. Motek�s expert says FDIC might have
to borrow from treasury [ FDIC may borrow money from
Treasury ], second largest quarterly loss on record from thrifts at $5.4
billion, Fannie/Freddie fail the performance test, and precipitous fall in
leading economic indicators indicative of deeper/longer recession that we�re
already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real
estate price declines on high volume of�
foreclosure sales/high unsold inventories, high inflation as other than
the economic debacle it is, Motek�s expert reiterates reality of this bear
market, that stocks will resume slide, good time to sell since pricey/frothy at
avg. 24 P/E, that Freddie/Fannie bailout/gov�t. takeover inevitable, more
troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com)
] as loan defaults
extend losses in sub-prime, to now prime, commercial, student loans, credit
cards, even as inflation up, and outlook very bleak. Previously, another bank
failure, but they say existing home sales up greater than expected 3.1%�but
from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits
and nuts) and inventories of for sale/unsold homes at new record high since
tracking began in 1968 and worse to come, Chicago index of manufacturing down
indicating further economic weakness and Motek�s expert says �put� activity
indicates at least 10-15% more downside from here/government bailout ot
fannie/freddie inevitable and f/f stock worthless as all news decisively bad
beyond expectations though fudged to upside for election year and yet bernanke
who is printing worthless hyperinflationary Weimar dollars like mad soothed
(gives them fraudulent talking point) the frauds on wall street saying
essentially the economy is so bad inflation less of a problem (and no interest
rate hike-old news because of economic weakness and bad for dollar) sparking
suckers bear market rally on light volume, Buffett: We're
still in a recession, leading
indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take
profits since all problems remain and dollar mini-spike short-lived though some
fluctuations to upside on speculation other economies will tank.�� Wholesale prices: Highest
annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep
declines. That hub of
global manufacturing buzzing (riiiiight!) as empire state index as measured by
private economists expected to fall -4.2% but is reported up +2.8% (almost 300%
better-I don�t think so, and don�t buy the Brooklyn bridge, watches, swamp land
in jersey, etc.), inflation news double expectations Bracing for
Inflation
August 15, 2008 (BusinessWeek Growing evidence suggests American
consumers, businesspeople, and political leaders should all be bracing for
double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation
into the obscure world of so-called tech which provides, as in prior such ploys
(ie., dot-com bust, more recent bust, etc.) the world street frauds with the
ability to sell the sizzle since investors and americans generally don�t
understand it (ie., iphones are a joke where the so-called �computer� is merely
a restrictor of usual computer functions now tied into apple products and
government shill co att, and anyone who pays the premium for apple products is
a fool), and all news bad albeit fudged to the upside in this election
year.� Fake trade figures, more
writedowns/bad debt, still great opportunity to sell/take profits. Just another
frothy day in the rabidly fraudulent lunatic world of wall street and great
opportunity to sell/take profits since all problems remain and dollar
mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia �
don�t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to
understand fraudulent wall street euphoria over diversion (Georgia conflict)
from their massive fraud which brought much greater than expected losses at
fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee
Republican ) and triple-digit decline to triple digit upswing so especially great
opportunity to sell/take profits as glass-half-full kind of frauds point to
increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can
no longer� hide substantially increased
unemployment, etc., economy so bad oil demand declining which is shill point
for next stage of (new) wall street fraud/commissioned churn and earn scam
which the taxpayers just underwrote/paid for with complicit government,
executive/legislative/judicial branches/fed. Great opportunity to sell/take profits
since all problems remain as real numbers indicate previous decline in GDP
though falsely reported as gain, greater unemployment (watch for fake numbers
from government) and much more downside to come as stocks previously rallied on
sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR
TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO
FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE FOR A
PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED
INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The
Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from
Seeking Alpha �AP Business Highlights A private research group says that Americans remain
the most pessimistic about the economy since the tail end of the last prolonged
recession 16 years ago. But economists warn that the slight uptick, which
reverses a six-month slide since January, is likely to be only temporary and
doesn't signal the beginning of a rally�Yahoo� the
survey only has weak correlation with actual spending, so Briefing.com
does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality
but false report from corrupt, scandal-scarred, criminal commerce department
(contrary to all expectations and contrary to all regional fed manufacturing
indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as
Reality trumps bull s**t! Sell dollar denominated assets as all problems
remain. El-Erian: Buy more foreign stocksEven in this century's
darkest days of recession and war, U.S. households kept on spending. But one of
the smartest investors on the planet says the American consumer is finally out
of steam. Even if, and
it is not, oil were the only problem, the same is just a disruption away from a
spike. Suckers� bear market/short-covering rally based on bull s**t alone, this
time by wall street shill paulson whose bailout rhetoric brings �irrational
exuberance� since wall street frauds should be prosecuted, required to disgorge
ill-gotten gains, and jailed since they�re the ones who benefited and are
escaping accountability by the bailout. Except for multi-nationals and
corporate welfare recipients (ie., Lockheed, etc.), greater than expected
losses in not millions but billions rallied the stocks. Remember, these are
huge financial institutions unlike the tiny S&Ls of the last banking
fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators
revised down (after �election year keep the incumbents� fake report). What do
you expect the wall street frauds/criminals who should be held accountable and
the failed (and illegal- constitution would have to be amended to enable Fed to
print those worthless Weimar dollars with now even failed Fannie and Freddie
getting some with taxpayer bailout) Fed to say; admit they royally f**ked up,
etc.,� better than expected very bad
news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200%� more (suuuuure!) than expected oil
inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad
less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE
PROFITS WHILE YOU CAN!] Similarities
between 1929 and 2008 terrifying �[In just the month of June, the Dow
dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the
quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an
anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost
12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October,
the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down
19.80%. A 20% drop from a market peak is considered the start of a bear market
� although many analysts say Wall Street already has a bear market mentality
(because the bear market already is. Some chart data/numbers on
bear markets: first chart second chart).] FAKE GOV�T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS�
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE
PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON
NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED
REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE
HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL
GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS
HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET� FOCUS/DEFLECTION ON CORE INFLATION IS A
SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE�D BE A
TROLLEY CAR.� [eND OF FIRST QUARTER DOW
�8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA
2008: The Great Depression. �High
Likelihood of a Market Crash Similarities
between 1929 and 2008 terrifying �I
WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR
POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN
AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO
STRENGTH/TAKE PROFITS/SELL). SUCKERS� BEAR MARKET/SHORT COVERING RALLY/NEW
BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE
PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9
INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST
PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE
TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS
THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH
AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS
SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO
RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? The Next Crisis:
'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT
DEPRESSION, SAYS IMF. VIX
TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL �YAHOO
FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS
NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR
DOLLAR TO FRAUD TO FAKE GOV�T REPORTS, suckers� bear market rally
into the close, Analysts say
more U.S. banks will fail �Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel
Soon Fannie Plan a `Disaster' to
Rogers; Goldman Says Sell �, why would anyone hold/invest in dollars (deficits, trade and
budget substantial, economic growth declining) so sell/take profits, if you�re
smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors
were encouraged by the possibility of more contributions to their fraud, and Paulson
says things are not as bad as the reports in this election year; he�s right;
they�re much worse! Remember greenspan�s perpetual envy of all the world
speeches; now Bernanke printing hyperinflationary Weimar dollars like mad;
they�re dreaming. Similarities
between 1929 and 2008 terrifying �U.S. stocks post sharp weekly losses; bear market that
already is now said nears , Stocks tumble as more bad economic news piles up,
Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth
time in seven months in May while median prices kept plunging, American Express
sees worsening credit conditions, but fake government report of higher than
expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low
, BlackRock sees global slowdown
worsening in 2009 , DOWNGRADES OF
BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC,
MBIA, AMERICA�S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES
ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY
POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED
AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A
GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND
PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW
YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE� PLUNGING, HOME BUILDERS� CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS
BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT
OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28
YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES
(IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL
TO THE UPSIDE� GOING FORWARD AS LESS
ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO
INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES
ARE WORSE THAN REPORTED (HE�S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP
MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH
REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000,
RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS
SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE�S A LITTLE
COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE
SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE
SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA,
VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND
ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS
FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION
HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY
RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,�� BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT,
SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL
LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL
IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, �IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN
UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS
INCLUDING� HOME EQUITY AT LOWEST LEVELS
SINCE WW2,� DOWNGRADES ON FINANCIALS
INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE
FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE
(ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE FOR A PRICE/FAVOR) WITH
THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE
SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS
EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP
SHARPLY, BIG DISCOUNTERS� GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH
SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING
CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION),
AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT,
LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD� �14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO
CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD
NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN
BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT
ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55%
BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I�M SURPRISED AT THE LOW PERCENTAGE
RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV�T REPORT
REVISING FIRST QUARTER GROWTH TO .9%�
(SUUUUURE� YOU THINK THE �WHAT HAPPENED� REVELATIONS, SUBSTANTIVELY
REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE
FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE � GREAT � RIIIIIGHT.
ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER
CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM
OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD
PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS.� DON�T FORGET: THIS ELECTION YEAR PRINT AND
SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE
DATA/REPORTS, ETC., CAN�T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE
FANTASY BUBBLE WILL BURST POST ELECTION. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3 Trillion.Who
didn�t see this coming? �The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch �More doom for global economy �Visualizing Dow 6,000 ��] Yahoo: The Dow made its third 300-point swing of
the week Thursday. This time it finished near its worst point of the session
after trending lower throughout the day. A sense of pessimism was present from
the start as participants remained uncertain about the economy's direction, and
whether a revised version of the $700 billion asset purchase plan will find
favor in the U.S. House of Representatives. Weekly initial jobless claims
remain at an elevated level and continue to suggest a weak job market. Claims
for the week ending September 27 increased 1,000 to 497,000, exceeding the
475,000 claims that were expected. Part of the increase is due to
hurricane-related damages. The four-week moving average increased to 474,000
from 462,500. August factory orders declined 4.0%, exceeding the widely
anticipated 3.0% decline. The decline is the first since February and the
largest decline since October 2006. Even though the U.S. Senate passed its
version of the $700 billion asset purchase plan, many question whether the
House will approve. The House has already voted down a version of the bill,
which sent stocks plunging this last Monday. Additionally, the Securities
Exchange Commission extended its ban on short selling certain stocks through
Oct. 17. Should the financial relief plan pass, the ban will expire three
business days after its enactment. The session's weakness was broad based as
every economic sector finished lower. The decline was most pronounced among
materials stocks (-8.0%). All 30 of its members finished with losses. Mosaic
(MOS 39.65, -27.86) did its part to disappoint investors when it
forecast lower phosphate sales volume in 2009. The company also posted quarterly
earnings per share results that fell short of Wall Street's consensus estimate.
Industrial stocks (-6.8%) also fell as General Electric (GE
22.15, -2.35) priced a share offering at $22.25 per share, representing a
substantial a discount to the prior session's closing price. GE finished the
session as the Dow's worst performer. Multiline insurers (-11.0%) undermined
the financial sector (-4.3%) as concerns arose regarding their financial
condition. Investor skepticism was particularly noticeable in their widening
credit spreads. As investors remain concerned about the health of U.S.
businesses and overall economic health, the price of oil dropped for the second
straight session. Oil futures closed below $94 per barrel, reflecting a 4.7%
drop. The decline this session pushed the commodity back into the red for the
year; it is down 2.3% year-to-date. DJ30 -348.22 NASDAQ -92.68 NQ100 -4.7% R2K
-5.1% SP400 -5.6% SP500 -46.78 NASDAQ Adv/Vol/Dec 497/2.21 bln/2338 NYSE
Adv/Vol/Dec 504/1.51 bln/2670 ..��
��AP Business Highlights
������� U.S. Economy: The Worst is Yet to
Come , U.S. Bank Failures Loom ,�� New reports give bleak
outlook on housing, economy, Foreclosures hit a record high � and more
coming,� Ford readies white-collar layoffs as sales tumble While GM
Shutters 4 North american Factories/Lays off Workers (Reuters), �April insured mortgage defaults rise (Reuters)�� ����
(10-1-08) DOW� -20�
NASDAQ -22� S&P -5� [CLOSE- OIL $98.53 (RECORD TRADING HIGH $147.27) GAS
$3.53(reg. gas in LAND OF FRUITS AND NUTS�
$3.65 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $887.30/
SILVER $12.77/ PLATINUM $1,065/ DOLLAR= .70 EURO, 105 YEN, .54 POUND STERLING, ETC.
(How low can you go - LOWER)/ 10 YR NOTE YIELD 3.74% ..�� ��AP Business
Highlights ������� ����]
Absolutely, Absurdly, Ridiculous! A 200 point swing to the upside on top
of 485 point� previous day gain with all
seriously negative news including sales drops of 16% at GM and 35% at Ford so
sell into these rallies/strength/take profits whil you can, economist Brusca
points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To
Sink To 5,000 �, U.S. Sept. ISM manufacturing index plunges to 43.5% (worst
since 1955), Bailout Would Only Prolong Crisis: Jim Rogers �,except for scandal-scarred corrupt commerce department which
reported unexpected rise in consumer sentiment (riiiiight�things are so
hunky-dory), all news decidedly negative with home prices falling an unexpected
record� 16.3 %, etc. Bailout marks
Karl Marx�s comeback �This is not brain surgery and the fraud,
bonuses/compensation (mortgages, subprime and otherwise, are only a relatively
small portion of the fraud/scam providing �cover/collateral� for the worthless
but heavily commissioned paper over and over again in a multiplicity of
different forms of worthless paper) in the mega-billions should first be
disgorged before taxpayers are forced to pony up and pay the frauds again for
their fraud which caused the problem in the first instance, must be prosecuted.
It should also be noted that despite the rhetoric, the wall street bailout
will NOT solve the crisis or eliminate the economic pain except to make
permanent the fraudulent wealth transfer to the most well healed
heals/frauds/criminals in the nation who caused the so-called crisis by their
greed/corruption/fraud.�� All news
decisively negative as WaMu becomes biggest bank to fail in US history (AP),
GDP revised downward to 2.8% in second quarter (the market previously rallied
on the false news and rallies again on the true bad news), only 30% at most support the taxpayer
bailout of the wall street frauds so count on tax revolts as predicted by
experts if the same passes , Sell
into any rallies/take profits as all problems remain and will be exacerbated by
the fact that the vast majority of taxpayers rationally and correctly opposed
the bailout of the wall street criminals who benefited from the fraud. Reaction
has been fast and furious 9-28-08[2:38 am]; take a look at some initial
comments. Sell into any strength/take profits because
with bank failures and raids on taxpayer funds and reckless printing like mad
of worthless Weimar dollars and fake data/reports and lies this is worse than
recession/bear market, �New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up
and durable goods orders down far more than expected, home prices drop by
record 9.5%, existing home sales down 2.2% as they continue to foist the wall
street criminal/fraud bailout on taxpayers which Bloomberg
now pegs at a cost of $5 trillion while other economists/experts say
hundreds of trillions [which means $700 billion down the tubes into the pockets
of the wall street criminals (make them pay) who created the mess through their
greed/fraud/scams and who�ve already reaped huge financial sums in the many
billions through compensation/bonuses (mortgages, subprime and otherwise, are
only a relatively small portion of the fraud/scam providing �cover/collateral�
for the worthless but heavily commissioned paper over and over again in a
multiplicity of different forms of worthless paper]; Motek�s financial expert,
Financial Times Business Editor cites thoroughly gloomy economic picture
globally and u.s. particularly, record levels of borrowing from fed, even with
passage of bailout dire economic/financial scenario will remain, and axiomatic
�buy on the rumor, sell on the news� picture for stocks while his
expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out
wall street criminals who should be in prison [and who should pay back/disgorge
the hundreds of billions they�ve been scamming by repackaging/recollateralizing
commissioning and reselling of which fraud/bubble I�ve been warning for over 5
years on this site-indeed they even have been exempted by congress for RICO
liability and meaningfully lawless application of other laws as I reiterate in
my RICO Summary under penalty of perjury to the
FBI at their request including RICO violations by Sam Alito, former u.s.
attorney (District of new jersey) who parlayed obstruction of justice (I�ve
sworn to this regarding drug-money laundering) into judicial appointments to
the 3rd circuit court of appeals with maryanne trump (Barry) and now the
so-called supreme court (he should have gone to jail) justice; how could anyone
even listen to bush (WMD�s in Iraq-I also warned against that debacle/fraud/war
crimes/profiteering) ] and he further says let the ceo�s go and some of the
failed institutions fail condemning the outrageousness of the lack of oversight
in this huge fraud/wealth transfer; and hanky panky paulson the wall street
shill whose $50 million in blind trust and $20 million in vanguard benefits
from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so�
great opportunity to sell/take profits while you still can. One
democrat said that with 3 months remaining in war criminal (remember the lies)
bush�s lamentable failed presidency the grab based on fear that bailout of the
criminals who caused the problem and made huge sums from their heavily
commissioned fraud will avoid what already is can only be deemed another
fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting
conflict is also part of america�s problem, is preposterous on it�s face.A
republican said that the so-called over-sight provision utilizes a standard of
judicial review that would render impossible any purported review/abrogation
(and after the fact at that) of paulson�s largesse to his bro�s on wall street
and bush buddies. �Mike
Stathis The Market Oracle September 22, 2008� As far as I�m concerned, anyone
who doesn�t conduct a full investigation of this charade leading to several
CEOs and other executives in prison with all of their assets being shuttled
into America�s bailout fund doesn�t have what it takes to lead America anywhere
except on its current course � downward. But it doesn�t really matter at this
point anyway. Washington and the greedy bankers have ensured the end of what
was once a great and proud nation filled with hope and opportunity. � , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit �,�
Financial terrorism: US taxpayers bail out Wall Street
criminals , A Bailout to Nowhere ��,�Cramer had said the astonishing 779-point
rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up
since all real news remains decisively negative as leading indicators fall, unemployment claims rise,
but� suckers� bear market rally b**l
s**t talking points without realistic, legitimate, sound foundation previously
rallied stocks in nearly 600 point swing to the upside as wall street
shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer
paid for by taxpayers (yet another bailout � tax revolts as predicted by
trendsresearch.com are a coming � McCain is quite right that land of fruits and
nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt
Nimmo | Congress critters, former Fed mob bosses want a public
boondoggle along the line of the Resolution Trust Corp. to bailout the
banksters) and
insurmountably increasing the defacto bankrupt government�s debt� in favor of the very well-healed
perpetrators of the fraud who should be prosecuted and forced to disgorge their
ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching
the ill-advised united
soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then
there was the ridiculous spike from fed�s announced printing/creating more
worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign
contributions does not even register a blip of difference in light of the
magnitude of the amount of debt, $14 trillion private/$15 trillion public, much
of which must be written down/off/non-performing . Don�t be wall street�s
(churn and earn) fool; time for them to pay up; time for you to sell/take
profits/cut losses! Housing construction
plunges 6.2 pct. in August� ,� Worst
is yet to come, investment strategist warns (at MarketWatch) �,
more gov�t bailout taxpayer money with ever more worthless Weimar dollars (fed
printing/creating them like mad) proves the only lunatics (yes, the full moon)
are not limited to those lunatic fraudulent wall street needful things who
should be prosecuted and forced to disgorge their ill-gotten gains, as united
soviet socialist states of america (who built up communist china so who could
have expected less)� takes 80% stake in
AIG, spreads widening as piles of worthless debt/securities/collateral unwind
so sell into these suckers� bear market rallies as all problems remain US Economy:
Rudderless and Reeling From Direct Hits �, Federal bank
insurance fund dwindling , More Socialism for
the Bankers: Fed to �Loan� AIG $85 Billion , economy so bad oil demand own, so cut your
losses/take whatever gains/get your money out while you still can as industrial
output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance
system pummels stock market , Rogers: Dollar To Lose World Reserve Status ,
AIG downgraded as financial
meltdown spreads , Wall Street mauled by
Lehman bankruptcy, AIG fears ,�
highest year over year foreclosures on record, retail down .3% while
inventories up, as bad news spurs over 150 point swing to the upside into the
close which shows irrationally fraudulent markets trying to keep suckers sucked
in for their commissioning pleasure, Bullish Sentiment Drops 30% �, CBOE Put-Call Ratio Indicates Negative Outlook ,
Get Ready For the S&P 500 to Break Below 1200 ,
WaMu cut to "junk," sees $4.5
billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession,
Job Losses , August
foreclosures hit another record high , federal/trade deficits among other bad
news worse than expected which previously rallied stocks (riiiiight!) on over
300 point swing to the upside (I don�t think so)� so sell into these ephemeral rallies/"strength�, Lehman
shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop
below 9,000,
election-year sugar/fake reports as Pending home sales fall more than expected 3.2%
, Fannie/Freddie
fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer
since they believe their fraudulent gains, many billions worth, might not be
touched - they should be disgorged through prosecution) as defacto bankrupt
government to commit� $100 billion each
to insolvent fannie/freddie ($200 billion they really don�t have to start
with), very ridiculous so sell into ephemeral rallies/"strength"
since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of
Crooks And Incompetents" �(more to follow this
update on 9-7-08) suckers� bear market/short-covering rally into the close on
200 point swing to the upside (riiiiight) on very bad news,� nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to
6.1%,� THE
LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports
, �Home
foreclosures reach record high , and keep in mind frauds/scams
like wall street today invariably unravel as reality bites with all news bad
(except for fake news) and worse than expected with new unemployment claims up
more than 15,000 on top of terrible back-to-school shopping/retail numbers,
though still sugar-coated for election year as sales at GM down 20% Ford down
26%, bankruptcies up, credit union taken over by feds, August ISM Index
down below 50 indicating contraction, construction
spending fell a larger-than-expected 0.6%, and spending
down to lowest level in 3 years with income declining .7% in contrast to
previous day�s suckers� bear market rally on light volume so great time to
sell/take profits while you can since all problems remain] Election-year feel
good typically false/embellished at best temporary report on GDP 58% better than
private forecasts along with that bastion of american credibility, the scandal
scarred prevaricating commerce department comes through with fraudulent talking
point for the wall street frauds with durable goods numbers exceeding private
economist estimates by 400% (I don�t think so!), as one of Motek�s experts says
GDP number from government, at best temporary blip from rebate stimulous (those
election-year monies/printed Weimar dollars debt-ridden u.s. doesn�t really
have) and multi-national exports on weak dollar, seventh staight monthly
decline in payrolls in this real recession, and continued problems in financial
sector/real estate/defaults/writedowns; while another� seasoned expert says doesn�t look good particularly for third and
fourth quarters. Motek�s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from
Treasury ], second largest quarterly loss on record from thrifts at $5.4
billion, Fannie/Freddie fail the performance test, and precipitous fall in
leading economic indicators indicative of deeper/longer recession that we�re
already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real
estate price declines on high volume of�
foreclosure sales/high unsold inventories, high inflation as other than
the economic debacle it is, Motek�s expert reiterates reality of this bear
market, that stocks will resume slide, good time to sell since pricey/frothy at
avg. 24 P/E, that Freddie/Fannie bailout/gov�t. takeover inevitable, more
troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com)
] as loan defaults
extend losses in sub-prime, to now prime, commercial, student loans, credit
cards, even as inflation up, and outlook very bleak. Previously, another bank
failure, but they say existing home sales up greater than expected 3.1%�but
from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits
and nuts) and inventories of for sale/unsold homes at new record high since
tracking began in 1968 and worse to come, Chicago index of manufacturing down
indicating further economic weakness and Motek�s expert says �put� activity
indicates at least 10-15% more downside from here/government bailout ot
fannie/freddie inevitable and f/f stock worthless as all news decisively bad
beyond expectations though fudged to upside for election year and yet bernanke
who is printing worthless hyperinflationary Weimar dollars like mad soothed
(gives them fraudulent talking point) the frauds on wall street saying
essentially the economy is so bad inflation less of a problem (and no interest
rate hike-old news because of economic weakness and bad for dollar) sparking
suckers bear market rally on light volume, Buffett: We're
still in a recession, leading
indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take
profits since all problems remain and dollar mini-spike short-lived though some
fluctuations to upside on speculation other economies will tank.�� Wholesale prices: Highest
annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep
declines. That hub of
global manufacturing buzzing (riiiiight!) as empire state index as measured by
private economists expected to fall -4.2% but is reported up +2.8% (almost 300%
better-I don�t think so, and don�t buy the Brooklyn bridge, watches, swamp land
in jersey, etc.), inflation news double expectations Bracing for
Inflation
August 15, 2008 (BusinessWeek Growing evidence suggests American
consumers, businesspeople, and political leaders should all be bracing for
double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation
into the obscure world of so-called tech which provides, as in prior such ploys
(ie., dot-com bust, more recent bust, etc.) the world street frauds with the
ability to sell the sizzle since investors and americans generally don�t
understand it (ie., iphones are a joke where the so-called �computer� is merely
a restrictor of usual computer functions now tied into apple products and
government shill co att, and anyone who pays the premium for apple products is
a fool), and all news bad albeit fudged to the upside in this election
year.� Fake trade figures, more
writedowns/bad debt, still great opportunity to sell/take profits. Just another
frothy day in the rabidly fraudulent lunatic world of wall street and great
opportunity to sell/take profits since all problems remain and dollar
mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia �
don�t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to
understand fraudulent wall street euphoria over diversion (Georgia conflict)
from their massive fraud which brought much greater than expected losses at
fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee
Republican ) and triple-digit decline to triple digit upswing so especially great
opportunity to sell/take profits as glass-half-full kind of frauds point to
increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can
no longer� hide substantially increased
unemployment, etc., economy so bad oil demand declining which is shill point
for next stage of (new) wall street fraud/commissioned churn and earn scam
which the taxpayers just underwrote/paid for with complicit government,
executive/legislative/judicial branches/fed. Great opportunity to sell/take
profits since all problems remain as real numbers indicate previous decline in
GDP though falsely reported as gain, greater unemployment (watch for fake
numbers from government) and much more downside to come as stocks previously
rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT
UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON
PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE
FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED,
UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The
Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from
Seeking Alpha �AP Business Highlights A private research group says that Americans remain
the most pessimistic about the economy since the tail end of the last prolonged
recession 16 years ago. But economists warn that the slight uptick, which
reverses a six-month slide since January, is likely to be only temporary and
doesn't signal the beginning of a rally�Yahoo� the
survey only has weak correlation with actual spending, so Briefing.com
does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality
but false report from corrupt, scandal-scarred, criminal commerce department
(contrary to all expectations and contrary to all regional fed manufacturing
indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as
Reality trumps bull s**t! Sell dollar denominated assets as all problems
remain. El-Erian: Buy more foreign stocksEven in this century's
darkest days of recession and war, U.S. households kept on spending. But one of
the smartest investors on the planet says the American consumer is finally out
of steam. Even if, and
it is not, oil were the only problem, the same is just a disruption away from a
spike. Suckers� bear market/short-covering rally based on bull s**t alone, this
time by wall street shill paulson whose bailout rhetoric brings �irrational
exuberance� since wall street frauds should be prosecuted, required to disgorge
ill-gotten gains, and jailed since they�re the ones who benefited and are
escaping accountability by the bailout. Except for multi-nationals and
corporate welfare recipients (ie., Lockheed, etc.), greater than expected
losses in not millions but billions rallied the stocks. Remember, these are
huge financial institutions unlike the tiny S&Ls of the last banking
fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators
revised down (after �election year keep the incumbents� fake report). What do
you expect the wall street frauds/criminals who should be held accountable and
the failed (and illegal- constitution would have to be amended to enable Fed to
print those worthless Weimar dollars with now even failed Fannie and Freddie getting
some with taxpayer bailout) Fed to say; admit they royally f**ked up,
etc.,� better than expected very bad
news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200%� more (suuuuure!) than expected oil
inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad
less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE
PROFITS WHILE YOU CAN!] Similarities
between 1929 and 2008 terrifying �[In just the month of June, the Dow
dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the
quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an
anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost
12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October,
the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down
19.80%. A 20% drop from a market peak is considered the start of a bear market
� although many analysts say Wall Street already has a bear market mentality
(because the bear market already is. Some chart data/numbers on
bear markets: first chart second chart).] FAKE GOV�T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS�
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE
PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON
NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED
REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE
HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL
GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS
HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET� FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD
AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE�D BE A TROLLEY CAR.� [eND OF FIRST QUARTER DOW �8%, nASDAQ-14%,
AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA
2008: The Great Depression. �High
Likelihood of a Market Crash Similarities
between 1929 and 2008 terrifying �I
WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR
POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN
AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO
STRENGTH/TAKE PROFITS/SELL). SUCKERS� BEAR MARKET/SHORT COVERING RALLY/NEW
BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE
PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9
INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST
PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE
TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS
THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH
AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS
SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO
RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT
DEPRESSION, SAYS IMF. VIX
TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL �YAHOO
FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS
NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR
DOLLAR TO FRAUD TO FAKE GOV�T REPORTS, suckers� bear market rally
into the close, Analysts say
more U.S. banks will fail �Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel
Soon Fannie Plan a `Disaster' to
Rogers; Goldman Says Sell �, why would anyone hold/invest in dollars (deficits, trade and
budget substantial, economic growth declining) so sell/take profits, if you�re
smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors
were encouraged by the possibility of more contributions to their fraud, and
Paulson says things are not as bad as the reports in this election year; he�s
right; they�re much worse! Remember greenspan�s perpetual envy of all the world
speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they�re
dreaming. Similarities
between 1929 and 2008 terrifying �U.S. stocks post sharp weekly losses; bear market that
already is now said nears , Stocks tumble as more bad economic news piles up,
Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth
time in seven months in May while median prices kept plunging, American Express
sees worsening credit conditions, but fake government report of higher than
expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low
, BlackRock sees global slowdown
worsening in 2009 , DOWNGRADES OF
BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC,
MBIA, AMERICA�S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES
ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY
POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED
AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A
GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND
PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW
YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE� PLUNGING, HOME BUILDERS� CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS
BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT
OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28
YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES
(IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL
TO THE UPSIDE� GOING FORWARD AS LESS
ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO
INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES
ARE WORSE THAN REPORTED (HE�S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP
MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH
REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000,
RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS
SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE�S A LITTLE
COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE
SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE
SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA,
VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND
ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER
PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE
COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS
THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH
OIL PRICES,�� BERNANKE JAWBONES DOLLAR
UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE
INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST
SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE
FALSE DATA,� IE., 6-5-08 UNEMPLOYMENT
CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS
INCLUDING� HOME EQUITY AT LOWEST LEVELS
SINCE WW2,� DOWNGRADES ON FINANCIALS
INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE
FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE
(ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE FOR A PRICE/FAVOR) WITH
THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE
SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS
EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP
SHARPLY, BIG DISCOUNTERS� GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH
SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING
CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION),
AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT,
LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD� �14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO
CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD
NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN
BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT
ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55%
BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I�M SURPRISED AT THE LOW PERCENTAGE
RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV�T REPORT
REVISING FIRST QUARTER GROWTH TO .9%�
(SUUUUURE� YOU THINK THE �WHAT HAPPENED� REVELATIONS, SUBSTANTIVELY
REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE
FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE � GREAT � RIIIIIGHT.
ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER
CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM
OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD
PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS.� DON�T FORGET: THIS ELECTION YEAR PRINT AND
SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE
DATA/REPORTS, ETC., CAN�T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE
FANTASY BUBBLE WILL BURST POST ELECTION. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? �The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch �More doom for global economy �Visualizing Dow 6,000 ��] Yahoo: Stocks traded in a roller coaster fashion
before settling with a modest loss on Wednesday as investors digested
uncertainty surrounding the government's financial relief plan, a disappointing
manufacturing reading and news that Warren Buffett is making another major
investment.The S&P 500 fell as much as 2.2% at its low, and climbed to a
gain of 0.1% at its high, before settling with a loss of 0.5%. Helping the
market pare its losses was word that Warren Buffett is investing $3 billion in General Electric (GE 24.47, -1.03).GE announced late in the
afternoon that it will raise at least $12 billion in a public common stock
offering and is selling $3 billion in preferred stock yielding 10% to Warren
Buffett's Berkshire Hathaway (BRK.A 135,600, +5,000). Berkshire will
also get $3 billion in warrants, granting the option to purchase GE at $22.25
per share within the next five years. GE's move to shore up investor confidence
came after its stock fell as much as 10% earlier in the session.Financial
market relief plan negotiations are ongoing. According to reports, the Senate
is going to vote on its version of the plan this evening. The Senate version is
said to include provisions for an increase to the FDIC's deposit insurance
limit and tax breaks for business and alternative energy. It's unclear if the
House of Representatives supports the plan.In economic news, manufacturing
contracted by a larger-than-expected amount in September, although it does not
necessary mean the broader economy is contracting, according to the Institute
for Supply Management's national survey. The ISM Manufacturing Index fell to
43.5 from 49.9 (consensus 49.5) -- its lowest level since October 2001. ISM
prices paid, which includes energy and food but excludes crude oil, fell a
sharper-than-expected 23.5 to 53.5 (consensus 73).Private nonfarm employment
fell by 8,000 in September, according to employment services firm ADP. Economists
expected a drop of 50,000. The better-than-expected report had a limited impact
on the market, as the ADP data has had a spotty record compared to government
data. The government employment report, which includes both public and private
nonfarm payrolls, is set for release on Friday. A decrease of roughly 100,000
jobs is expected.August construction spending was unchanged month-over-month,
which was better than the expected decline of 0.5%, although the market paid
little attention to this report. On average, construction spending has declined
0.3% each month in 2008.In commodity trading, Crude oil futures fell 2.0% to
$98.61 per barrel and gasoline fell 3.7% to $2.37 per gallon. The government's
weekly energy inventory report showed a larger-than-expected increase in crude
inventories, and an unexpected increase in gasoline stockpiles.In the end, four
of the ten economic sectors posted a gain, led by financial stocks
(+2.2%).Industrials (-2.6%) was the main laggard following the weak
manufacturing data. Tech (-1.1%) also faced selling pressure. IBM (IBM 110.14, -6.82) dropped 6%, the most
in three years, on market speculation that the company was going to issue an
earnings warning.Treasury prices rose across all constant maturities as
investors remained concern about the credit markets. The benchmark
10-year note rose 24 ticks, sending its yield down to 3.73%.DJ30 -19.59 NASDAQ
-22.48 NQ100 -1.9% R2K -1.2% SP400 -1.2% SP500 -5.30 NASDAQ Adv/Vol/Dec
982/1.93 bln/1780 NYSE Adv/Vol/Dec 1564/1.37 bln/1592 ..�� ��AP
Business Highlights ������� U.S. Economy: The Worst is Yet to
Come , U.S. Bank Failures Loom ,�� New reports give bleak
outlook on housing, economy, Foreclosures hit a record high � and more
coming,� Ford readies white-collar layoffs as sales tumble While GM
Shutters 4 North american Factories/Lays off Workers (Reuters), �April insured mortgage defaults rise (Reuters)�� ����
(9-30-08) DOW� +485.21�
NASDAQ +98.60� S&P
+58.35� [CLOSE- OIL $96.37 (RECORD TRADING HIGH $147.27) GAS $3.53(reg.
gas in LAND OF FRUITS AND NUTS� $3.65
REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $882/ SILVER $13/
PLATINUM $1,058/ DOLLAR= .68 EURO, 104 YEN, .54 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.83% ..��
��AP Business Highlights
������� ����] Absolutely, Absurdly,
Ridiculous! Except for scandal-scarred corrupt commerce department which
reported unexpected rise in consumer sentiment (riiiiight�things are so
hunky-dory), all news decidedly negative with home prices falling an unexpected
record� 16.3 %, etc. Bailout marks
Karl Marx�s comeback �This is not brain surgery and the fraud,
bonuses/compensation (mortgages, subprime and otherwise, are only a relatively
small portion of the fraud/scam providing �cover/collateral� for the worthless
but heavily commissioned paper over and over again in a multiplicity of
different forms of worthless paper) in the mega-billions should first be
disgorged before taxpayers are forced to pony up and pay the frauds again for
their fraud which caused the problem in the first instance, must be prosecuted.
It should also be noted that despite the rhetoric, the wall street bailout
will NOT solve the crisis or eliminate the economic pain except to make
permanent the fraudulent wealth transfer to the most well healed
heals/frauds/criminals in the nation who caused the so-called crisis by their
greed/corruption/fraud.�� All news
decisively negative as WaMu becomes biggest bank to fail in US history (AP),
GDP revised downward to 2.8% in second quarter (the market previously rallied
on the false news and rallies again on the true bad news), only 30% at most support the taxpayer
bailout of the wall street frauds so count on tax revolts as predicted by
experts if the same passes , Sell
into any rallies/take profits as all problems remain and will be exacerbated by
the fact that the vast majority of taxpayers rationally and correctly opposed
the bailout of the wall street criminals who benefited from the fraud. Reaction
has been fast and furious 9-28-08[2:38 am]; take a look at some initial
comments. Sell into any strength/take profits because
with bank failures and raids on taxpayer funds and reckless printing like mad
of worthless Weimar dollars and fake data/reports and lies this is worse than
recession/bear market, �New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up
and durable goods orders down far more than expected, home prices drop by
record 9.5%, existing home sales down 2.2% as they continue to foist the wall
street criminal/fraud bailout on taxpayers which Bloomberg
now pegs at a cost of $5 trillion while other economists/experts say
hundreds of trillions [which means $700 billion down the tubes into the pockets
of the wall street criminals (make them pay) who created the mess through their
greed/fraud/scams and who�ve already reaped huge financial sums in the many
billions through compensation/bonuses (mortgages, subprime and otherwise, are
only a relatively small portion of the fraud/scam providing �cover/collateral�
for the worthless but heavily commissioned paper over and over again in a
multiplicity of different forms of worthless paper]; Motek�s financial expert,
Financial Times Business Editor cites thoroughly gloomy economic picture globally
and u.s. particularly, record levels of borrowing from fed, even with passage
of bailout dire economic/financial scenario will remain, and axiomatic �buy on
the rumor, sell on the news� picture for stocks while his
expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out
wall street criminals who should be in prison [and who should pay back/disgorge
the hundreds of billions they�ve been scamming by repackaging/recollateralizing
commissioning and reselling of which fraud/bubble I�ve been warning for over 5
years on this site-indeed they even have been exempted by congress for RICO
liability and meaningfully lawless application of other laws as I reiterate in
my RICO Summary under penalty of perjury to the
FBI at their request including RICO violations by Sam Alito, former u.s.
attorney (District of new jersey) who parlayed obstruction of justice (I�ve
sworn to this regarding drug-money laundering) into judicial appointments to
the 3rd circuit court of appeals with maryanne trump (Barry) and now the
so-called supreme court (he should have gone to jail) justice; how could anyone
even listen to bush (WMD�s in Iraq-I also warned against that debacle/fraud/war
crimes/profiteering) ] and he further says let the ceo�s go and some of the
failed institutions fail condemning the outrageousness of the lack of oversight
in this huge fraud/wealth transfer; and hanky panky paulson the wall street
shill whose $50 million in blind trust and $20 million in vanguard benefits
from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so�
great opportunity to sell/take profits while you still can. One
democrat said that with 3 months remaining in war criminal (remember the lies)
bush�s lamentable failed presidency the grab based on fear that bailout of the
criminals who caused the problem and made huge sums from their heavily
commissioned fraud will avoid what already is can only be deemed another
fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting
conflict is also part of america�s problem, is preposterous on it�s face.A
republican said that the so-called over-sight provision utilizes a standard of
judicial review that would render impossible any purported review/abrogation
(and after the fact at that) of paulson�s largesse to his bro�s on wall street
and bush buddies. �Mike
Stathis The Market Oracle September 22, 2008� As far as I�m concerned, anyone
who doesn�t conduct a full investigation of this charade leading to several
CEOs and other executives in prison with all of their assets being shuttled
into America�s bailout fund doesn�t have what it takes to lead America anywhere
except on its current course � downward. But it doesn�t really matter at this
point anyway. Washington and the greedy bankers have ensured the end of what
was once a great and proud nation filled with hope and opportunity. � , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit �,�
Financial terrorism: US taxpayers bail out Wall Street
criminals , A Bailout to Nowhere ��,�Cramer had said the astonishing 779-point
rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up
since all real news remains decisively negative as leading indicators fall, unemployment claims rise,
but� suckers� bear market rally b**l
s**t talking points without realistic, legitimate, sound foundation previously
rallied stocks in nearly 600 point swing to the upside as wall street
shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer
paid for by taxpayers (yet another bailout � tax revolts as predicted by
trendsresearch.com are a coming � McCain is quite right that land of fruits and
nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt
Nimmo | Congress critters, former Fed mob bosses want a public
boondoggle along the line of the Resolution Trust Corp. to bailout the
banksters) and
insurmountably increasing the defacto bankrupt government�s debt� in favor of the very well-healed
perpetrators of the fraud who should be prosecuted and forced to disgorge their
ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching
the ill-advised united
soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then
there was the ridiculous spike from fed�s announced printing/creating more
worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign
contributions does not even register a blip of difference in light of the
magnitude of the amount of debt, $14 trillion private/$15 trillion public, much
of which must be written down/off/non-performing . Don�t be wall street�s
(churn and earn) fool; time for them to pay up; time for you to sell/take
profits/cut losses! Housing construction
plunges 6.2 pct. in August� ,� Worst
is yet to come, investment strategist warns (at MarketWatch) �,
more gov�t bailout taxpayer money with ever more worthless Weimar dollars (fed
printing/creating them like mad) proves the only lunatics (yes, the full moon)
are not limited to those lunatic fraudulent wall street needful things who
should be prosecuted and forced to disgorge their ill-gotten gains, as united
soviet socialist states of america (who built up communist china so who could
have expected less)� takes 80% stake in
AIG, spreads widening as piles of worthless debt/securities/collateral unwind
so sell into these suckers� bear market rallies as all problems remain US Economy:
Rudderless and Reeling From Direct Hits �, Federal bank
insurance fund dwindling , More Socialism for
the Bankers: Fed to �Loan� AIG $85 Billion , economy so bad oil demand own, so cut your
losses/take whatever gains/get your money out while you still can as industrial
output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance
system pummels stock market , Rogers: Dollar To Lose World Reserve Status ,
AIG downgraded as financial
meltdown spreads , Wall Street mauled by
Lehman bankruptcy, AIG fears ,�
highest year over year foreclosures on record, retail down .3% while
inventories up, as bad news spurs over 150 point swing to the upside into the
close which shows irrationally fraudulent markets trying to keep suckers sucked
in for their commissioning pleasure, Bullish Sentiment Drops 30% �, CBOE Put-Call Ratio Indicates Negative Outlook ,
Get Ready For the S&P 500 to Break Below 1200 ,
WaMu cut to "junk," sees $4.5
billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession,
Job Losses , August
foreclosures hit another record high , federal/trade deficits among other bad
news worse than expected which previously rallied stocks (riiiiight!) on over
300 point swing to the upside (I don�t think so)� so sell into these ephemeral rallies/"strength�, Lehman shows
wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop
below 9,000,
election-year sugar/fake reports as Pending home sales fall more than expected 3.2%
, Fannie/Freddie
fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer
since they believe their fraudulent gains, many billions worth, might not be
touched - they should be disgorged through prosecution) as defacto bankrupt
government to commit� $100 billion each
to insolvent fannie/freddie ($200 billion they really don�t have to start
with), very ridiculous so sell into ephemeral rallies/"strength"
since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of
Crooks And Incompetents" �(more to follow this
update on 9-7-08) suckers� bear market/short-covering rally into the close on
200 point swing to the upside (riiiiight) on very bad news,� nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to
6.1%,� THE
LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports
, �Home
foreclosures reach record high , and keep in mind frauds/scams
like wall street today invariably unravel as reality bites with all news bad
(except for fake news) and worse than expected with new unemployment claims up
more than 15,000 on top of terrible back-to-school shopping/retail numbers,
though still sugar-coated for election year as sales at GM down 20% Ford down
26%, bankruptcies up, credit union taken over by feds, August ISM Index
down below 50 indicating contraction, construction
spending fell a larger-than-expected 0.6%, and spending
down to lowest level in 3 years with income declining .7% in contrast to
previous day�s suckers� bear market rally on light volume so great time to
sell/take profits while you can since all problems remain] Election-year feel
good typically false/embellished at best temporary report on GDP 58% better
than private forecasts along with that bastion of american credibility, the
scandal scarred prevaricating commerce department comes through with fraudulent
talking point for the wall street frauds with durable goods numbers exceeding
private economist estimates by 400% (I don�t think so!), as one of Motek�s
experts says GDP number from government, at best temporary blip from rebate
stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s.
doesn�t really have) and multi-national exports on weak dollar, seventh staight
monthly decline in payrolls in this real recession, and continued problems in
financial sector/real estate/defaults/writedowns; while another� seasoned expert says doesn�t look good
particularly for third and fourth quarters. Motek�s expert says FDIC might have
to borrow from treasury [ FDIC may borrow money from
Treasury ], second largest quarterly loss on record from thrifts at $5.4
billion, Fannie/Freddie fail the performance test, and precipitous fall in
leading economic indicators indicative of deeper/longer recession that we�re
already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real
estate price declines on high volume of�
foreclosure sales/high unsold inventories, high inflation as other than
the economic debacle it is, Motek�s expert reiterates reality of this bear
market, that stocks will resume slide, good time to sell since pricey/frothy at
avg. 24 P/E, that Freddie/Fannie bailout/gov�t. takeover inevitable, more
troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com)
] as loan defaults
extend losses in sub-prime, to now prime, commercial, student loans, credit
cards, even as inflation up, and outlook very bleak. Previously, another bank
failure, but they say existing home sales up greater than expected 3.1%�but
from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits
and nuts) and inventories of for sale/unsold homes at new record high since
tracking began in 1968 and worse to come, Chicago index of manufacturing down
indicating further economic weakness and Motek�s expert says �put� activity
indicates at least 10-15% more downside from here/government bailout ot
fannie/freddie inevitable and f/f stock worthless as all news decisively bad
beyond expectations though fudged to upside for election year and yet bernanke
who is printing worthless hyperinflationary Weimar dollars like mad soothed
(gives them fraudulent talking point) the frauds on wall street saying
essentially the economy is so bad inflation less of a problem (and no interest
rate hike-old news because of economic weakness and bad for dollar) sparking
suckers bear market rally on light volume, Buffett: We're
still in a recession, leading
indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take
profits since all problems remain and dollar mini-spike short-lived though some
fluctuations to upside on speculation other economies will tank.�� Wholesale prices: Highest
annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep
declines. That hub of
global manufacturing buzzing (riiiiight!) as empire state index as measured by
private economists expected to fall -4.2% but is reported up +2.8% (almost 300%
better-I don�t think so, and don�t buy the Brooklyn bridge, watches, swamp land
in jersey, etc.), inflation news double expectations Bracing for
Inflation
August 15, 2008 (BusinessWeek Growing evidence suggests American
consumers, businesspeople, and political leaders should all be bracing for
double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation
into the obscure world of so-called tech which provides, as in prior such ploys
(ie., dot-com bust, more recent bust, etc.) the world street frauds with the
ability to sell the sizzle since investors and americans generally don�t
understand it (ie., iphones are a joke where the so-called �computer� is merely
a restrictor of usual computer functions now tied into apple products and
government shill co att, and anyone who pays the premium for apple products is
a fool), and all news bad albeit fudged to the upside in this election
year.� Fake trade figures, more
writedowns/bad debt, still great opportunity to sell/take profits. Just another
frothy day in the rabidly fraudulent lunatic world of wall street and great
opportunity to sell/take profits since all problems remain and dollar
mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia �
don�t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to
understand fraudulent wall street euphoria over diversion (Georgia conflict)
from their massive fraud which brought much greater than expected losses at
fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee
Republican ) and triple-digit decline to triple digit upswing so especially great
opportunity to sell/take profits as glass-half-full kind of frauds point to
increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can
no longer� hide substantially increased
unemployment, etc., economy so bad oil demand declining which is shill point
for next stage of (new) wall street fraud/commissioned churn and earn scam
which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial
branches/fed. Great opportunity to sell/take profits since all problems remain
as real numbers indicate previous decline in GDP though falsely reported as
gain, greater unemployment (watch for fake numbers from government) and much
more downside to come as stocks previously rallied on sharp increase in oil
prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF
PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG)
MONEY LAUNDERING PLAYING BALL (I�M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON
WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS,
and short-covering. The Dow Priced in Ounces
of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha �AP
Business Highlights
A private research group says that Americans remain the most pessimistic about
the economy since the tail end of the last prolonged recession 16 years ago.
But economists warn that the slight uptick, which reverses a six-month slide
since January, is likely to be only temporary and doesn't signal the beginning
of a rally�Yahoo� the survey only has weak correlation
with actual spending, so Briefing.com does not put too much stock in the
report.] Quantifying
Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality
but false report from corrupt, scandal-scarred, criminal commerce department
(contrary to all expectations and contrary to all regional fed manufacturing
indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as
Reality trumps bull s**t! Sell dollar denominated assets as all problems
remain. El-Erian: Buy more foreign stocksEven in this century's
darkest days of recession and war, U.S. households kept on spending. But one of
the smartest investors on the planet says the American consumer is finally out
of steam. Even if, and
it is not, oil were the only problem, the same is just a disruption away from a
spike. Suckers� bear market/short-covering rally based on bull s**t alone, this
time by wall street shill paulson whose bailout rhetoric brings �irrational
exuberance� since wall street frauds should be prosecuted, required to disgorge
ill-gotten gains, and jailed since they�re the ones who benefited and are
escaping accountability by the bailout. Except for multi-nationals and
corporate welfare recipients (ie., Lockheed, etc.), greater than expected
losses in not millions but billions rallied the stocks. Remember, these are
huge financial institutions unlike the tiny S&Ls of the last banking
fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised
down (after �election year keep the incumbents� fake report). What do you
expect the wall street frauds/criminals who should be held accountable and the
failed (and illegal- constitution would have to be amended to enable Fed to
print those worthless Weimar dollars with now even failed Fannie and Freddie
getting some with taxpayer bailout) Fed to say; admit they royally f**ked up,
etc.,� better than expected very bad
news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200%� more (suuuuure!) than expected oil
inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad
less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE
PROFITS WHILE YOU CAN!] Similarities
between 1929 and 2008 terrifying �[In just the month of June, the Dow
dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the
quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an
anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost
12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October,
the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down
19.80%. A 20% drop from a market peak is considered the start of a bear market
� although many analysts say Wall Street already has a bear market mentality
(because the bear market already is. Some chart data/numbers on
bear markets: first chart second chart).] FAKE GOV�T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS�
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE
PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON
NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED
REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE
HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL
GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS
HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET� FOCUS/DEFLECTION ON CORE INFLATION IS A
SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE�D BE A
TROLLEY CAR.� [eND OF FIRST QUARTER DOW
�8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA
2008: The Great Depression. �High
Likelihood of a Market Crash Similarities
between 1929 and 2008 terrifying �I
WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR
POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN
AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO
STRENGTH/TAKE PROFITS/SELL). SUCKERS� BEAR MARKET/SHORT COVERING RALLY/NEW
BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE
PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9
INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST
PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE
TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS
THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH
AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS
SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO
RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT
DEPRESSION, SAYS IMF. VIX
TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL �YAHOO
FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS
NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR
DOLLAR TO FRAUD TO FAKE GOV�T REPORTS, suckers� bear market rally
into the close, Analysts say
more U.S. banks will fail �Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel
Soon Fannie Plan a `Disaster' to
Rogers; Goldman Says Sell �, why would anyone hold/invest in dollars (deficits, trade and
budget substantial, economic growth declining) so sell/take profits, if you�re
smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were
encouraged by the possibility of more contributions to their fraud, and Paulson
says things are not as bad as the reports in this election year; he�s right;
they�re much worse! Remember greenspan�s perpetual envy of all the world
speeches; now Bernanke printing hyperinflationary Weimar dollars like mad;
they�re dreaming. Similarities
between 1929 and 2008 terrifying �U.S. stocks post sharp weekly losses; bear market that
already is now said nears , Stocks tumble as more bad economic news piles up,
Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth
time in seven months in May while median prices kept plunging, American Express
sees worsening credit conditions, but fake government report of higher than
expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low
, BlackRock sees global slowdown
worsening in 2009 , DOWNGRADES OF
BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC,
MBIA, AMERICA�S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES
ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY
POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED
AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A
GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND
PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW
YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE� PLUNGING, HOME BUILDERS� CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS
BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT
OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28
YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES
(IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL
TO THE UPSIDE� GOING FORWARD AS LESS
ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO
INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES
ARE WORSE THAN REPORTED (HE�S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP
MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH
REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000,
RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS
SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE�S A LITTLE
COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE
SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE
SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA,
VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE
FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR
THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS
MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY
RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,�� BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT,
SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL
LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL
IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE
DATA,� IE., 6-5-08 UNEMPLOYMENT CLAIMS
DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS
INCLUDING� HOME EQUITY AT LOWEST LEVELS
SINCE WW2,� DOWNGRADES ON FINANCIALS
INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE
FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE
(ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I�M SURE FOR A PRICE/FAVOR) WITH
THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE
SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS
EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP
SHARPLY, BIG DISCOUNTERS� GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH
SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING
CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION),
AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT,
LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD� �14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO
CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD
NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN
BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT
ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55%
BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I�M SURPRISED AT THE LOW PERCENTAGE
RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV�T REPORT
REVISING FIRST QUARTER GROWTH TO .9%�
(SUUUUURE� YOU THINK THE �WHAT HAPPENED� REVELATIONS, SUBSTANTIVELY
REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE
FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE � GREAT � RIIIIIGHT.
ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER
CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM
OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD
PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS.� DON�T FORGET: THIS ELECTION YEAR PRINT AND
SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS,
ETC., CAN�T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE
WILL BURST POST ELECTION. Bank issues global stock and
credit crash alert... Write Offs to Top $1.3
Trillion.Who didn�t see this coming? �The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch �More doom for global economy �Visualizing Dow 6,000 ��] Yahoo: Tuesday's session marked the S&P 500's best day in six years after
having its worst day in 21 years on Monday. Buying interest was fueled by
short-covering, bargain hunting and increased optimism that the government will
reach an agreement on a financial relief plan before the end of the week.The
stock market settled near session highs will all ten sectors posting a gain.
Financials led the way with an 13.1% gain, followed by a 5.8% rise in
energy stocks. The utilities sector underperformed on a relative basis with a
gain of 1.3%.The S&P's advance of 58.34 points, or 5.3%, is more
than half of Monday's plummet of 106.85 points, or 8.8%. The catalyst for the
selling on Monday was a rejection of the financial relief bill by the House of Representatives,
which sparked concerns that the increased turmoil in the credit markets would
weaken the broader economy.To that point, credit markets did in fact tighten
further. Overnight dollar Libor
-- which measures the rate banks charge each other for overnight loans --
spiked 431 basis points
to 6.88%. Libor increased across all terms, which range from overnight to 12
months, indicating that banks were very reluctant to lend to each other.The
Fed's aggressive measures to increase liquidity, including a $20 billion 28-day
repo operation earlier this session, did have some benefits as the session progressed.
Prior to the stock market open, the fed funds rate -- which is the interest
rate that depository institutions lend their Federal Reserve balances to other
depository institutions -- rose as high as 7.00%, according to Reuters. The
rate then retreated to 1.50%, which is below the Fed's target rate of 2.00%.As
stocks rose, Treasuries
gave up much of the previous session's gains as investors showed a greater
willingness to take on risk. The benchmark 10-year note dropped more than two
points, sending its yield up to 3.83%.In other developments, the SEC and the Financial Accounting
Standards Board will issue guidance on how assets are valued
for "inactive" markets, according to Dow Jones. Presumably, if the FASB allowed
financial firms to value "inactive" assets at their modeled value
instead of market value,
the amount of write-downs will decrease.There was not much in terms of
corporate news, although there were several economic items.Consumer confidence
in September unexpectedly rose 1.3 to 59.8, which was better than the expected
reading of 53.0. While this headline is good news, it does not give a full
picture of current sentiment as it does not capture the latest market
turmoil.Manufacturing in the Chicago region continued to expand in September.
Regional manufacturing survey Chicago PMI fell 1.2 to 56.7, which was better
than the median economist estimate of 53.0. A reading above 50 is intended to
represent growth.Home prices retreated in major metro areas in the month of
July, marking the 25th consecutive month of price declines. According to the
S&P/Case-Shiller 20-City Composite, July prices are down 16.3% compared to
last year and fell 0.9% from June.The dollar rallied 2.6% against a basket of world currencies,
getting a boost on news that another European financial firm needed to be
bailed out by European governments. The strength in the dollar helped limit the
gain in commodities to only 0.7%, although crude oil managed to rally 5.0%
to $101.24 per barrel after dropping 10% in the previous session.The extreme
moves in the stock market over the previous two sessions was a fitting end to a
tumultuous third quarter. For the quarter, the Dow, Nasdaq and S&P 500 fell 4.4%, 9.2% and 9.0%
respectively.DJ30 +485.21 NASDAQ +98.60 NQ100 +5.9% R2K +3.3% SP400 +4.2% SP500
+58.35 NASDAQ Adv/Vol/Dec 1763/2.36 bln/1002 NYSE Adv/Vol/Dec 2560/1.62
bln/610� ..�� ��AP
Business Highlights ���� U.S. Economy: The Worst is Yet to
Come , U.S. Bank Failures Loom ,� New reports give bleak
outlook on housing, economy, Foreclosures hit a record high � and more
coming, Ford readies white-collar layoffs as sales tumble While GM
Shutters 4 North american Factories/Lays off Workers (Reuters), �April insured mortgage defaults rise (Reuters) ������
(5-8-08) (DOW +51, NASDAQ
+11, S&P +5) [CLOSE- OIL $123.69 (NEW RECORD) GAS $3.66 (NEW NATIONWIDE
AVG. RECORD)/ GOLD $882.10/ SILVER $16.87/ PLATINUM $2042.30/ DOLLAR= .64 EURO,
103 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE
YIELD 3.79%]. FAKE GOV�T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS�
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN,
ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY
SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET
DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY,
AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO
REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC
DEBACLE.� [eND OF FIRST QUARTER DOW �8%, nASDAQ-14%, AND S&P-10%. WALL
STREET IS A JOKE THAT IS NOT FUNNY]. USA
2008: The Great Depression. �HIGH
OIL PRICES RALLY STOCKS (RIIIIIGHT!) AS AFTER HOURS PRICE HITS RECORD $124.56.
FAKE BETTER THAN EXPECTED UNEMPLOYMENT REPORT (WHO WOULD OF THUNK IT!) FROM
GOVERNMENT (THEY LIE ABOUT EVERYTHING) AT STILL HIGH 365,000. WORTHLESS WEIMAR
DOLLAR SHARPLY LOWER. ONE ANALYST SAYS NOT AS BAD AS IT LOOKS BUT STILL IN DOWN
PART OF CYCLE FOR SEVERAL MORE MONTHS/QUARTERS (IN TIME FOR HAPPY DAYS AGAIN
TALK BEFORE ELECTION AND THEN FOOLED AGAIN BLOWOUT THEREAFTER), SAYS
PROBLEMATIC SECTORS REMAIN BUT FAVORS MULTINATIONALS/STAPLES ORIENTED
COMPANIES, WEAK DOLLAR FAVORS FOREIGN MARKETS, PEOPLE BEING LAID OFF AND
UNEMPLOYMENT TO RISE AS SAME LAGS ECONOMY, AND REAL ESTATE SPOTTY (RIIIIIGHT!).
OIL ANALYST SAYS DISTILLATE INVENTORIES/SUPPLIES FELL WHEN ORDINARILY RISING
THIS TIME OF THE YEAR AND DIESEL MIGHT HIT $5.00. (5-7-08) (DOW �206.48,
NASDAQ �44.82, S&P �25.69) [CLOSE- OIL $123.53 (NEW RECORD) GAS $3.66 (NEW
NATIONWIDE AVG. RECORD)/ GOLD $871.20/ SILVER $16.70/ PLATINUM $1969/ DOLLAR=
.64 EURO, 104 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR
NOTE YIELD 3.84%]. FAKE GOV�T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS�
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN,
ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY
SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET
DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY,
AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO
REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC
DEBACLE.� [eND OF FIRST QUARTER DOW �8%, nASDAQ-14%, AND S&P-10%. WALL
STREET IS A JOKE THAT IS NOT FUNNY]. ISRAEL STILL TRYING TO MAKE THEIR
SELF-CREATED PROBLEMS AMERICA�S PROBLEMS (THEY CHEERED THE 911 TWIN TOWERS
BOMBING, THEY�RE STILL IN VIOLATION OF AND HAVE NOT SIGNED THE NUCLEAR
NON-PROLIFERATION TREATY, ISRAEL REMAINS IN VIOLATION OF UN RESOLUTIONS 242,
338, ETC., AND VIOLATES INTERNATIONAL LAW REGULARLY, ETC.) AS OIL HITS NEW
RECORD INTRA-DAY HIGH AT $123.80 AS FOOD PRICES DOUBLED YEAR 0VER YEAR. AN
ECONOMIST CITES INFLATION AS THE KEY CONCERN SAYING THIS IS THE 70�S ALL OVER
AGAIN, VIZ., STAGFLATION, ETC., AND THAT FOOD, ENERGY, AND HEALTH CARE COSTS UP
SHARPLY WHILE THE BELEAGUERED CONSUMER IS PRESSED AND TAKING ON DEBT (UP $15
BILLION). ONE ANALYST SAYS HIGH OIL WILL BE IMPACTING BUSINESSES AS WELL AS
CONSUMERS (DAAAAAH!) AND REFINERS SAY THEY CAN�T MAKE MONEY IN THIS
ENVIRONMENT. FAKE BETTER THAN EXPECTED PRODUCTIVITY GAIN TO 2.2% (1.5%
EXPECTED) ACTUALLY ATTRIBUTABLE IF AT ALL TO JOB LOSSES AND NO OVERTIME OR
RAISES. MEANWHILE, FOLLOWING AMERICA�S LEAD, CALIFORNIA CITY FILES BANKRUPTCY
JOINING MANY AND MANY TO COME. �(5-6-08) (DOW +51, NASDAQ
+19, S&P +10) [CLOSE- OIL $121.84 (NEW RECORD) GAS $3.66 (NEW NATIONWIDE
AVG. RECORD)/ GOLD $877.70/ SILVER $16.86/ PLATINUM $1969.80/ DOLLAR= .64 EURO,
104 YEN, .506 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE
YIELD 3.92%]. FAKE GOV�T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS�
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN,
ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY
SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET
DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY,
AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO
REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC
DEBACLE.� [eND OF FIRST QUARTER DOW �8%, nASDAQ-14%, AND S&P-10%. WALL
STREET IS A JOKE THAT IS NOT FUNNY]. USA
2008: The Great Depression. �RECORD
DAY IN TERMS OF BAD NEWS WITH NEW MOON BRINGS THE BAD NEWS BULLS OUT IN DROVES
TO KEEP THE COMMISSION FRAUD ROLLING AS OIL HITS $122.73 INTRA-DAY HIGH, FANNIE
MAE REPORTS SHARP ($2.2 BILLION) LOSSES/DIVIDEND CUT/FLOAT OF NEW DILUTING
STOCK, D.H. HORTON WITH SHARP LOSSES, AND UBS WITH $11.4 BILLION LOSS/JOB CUTS
AND STOCKS RALLY�..RIIIIIGHT!�ONE ECONOMIST SAYS ALL INDICATORS DOWN YEAR OVER
YEAR, WE�RE CLEARLY SLIDING INTO RECESSION (THAT WE�RE ALREADY IN). ANOTHER
ECONOMIST SAYS THE HIGH OIL/WEAK DOLLAR IS DISASTEROUS, RISING FOOD AND ENERGY
COSTS IN THE 7-10 YEAR PERIOD OF HIGH COMMODITY PRICES AS DOLLAR DECLINES,
SUPPLIERS/RETAILERS RAISE PRICES, ETC., BUT IS PURPLEXED AS TO WHY SAME IS NOT
BEING REFLECTED IN GOVERNMENT/INFLATION REPORTS/DATA WHICH WINS NAIVETY AWARD
IN LIGHT OF THE REALITY OF THIS TYPICAL GOVERNMENT LIE/FRAUD PARTICULARLY IN
THIS ELECTION YEAR. AN OIL ANALYST SAYS BAD NEWS KEEPS ON COMING, THAT BETWEEN
SUPPLY PROBLEMS AND MONETARY POLICY (THEY�RE PRINTING THOSE WORTHLESS DOLLARS LIKE
MAD, THAT ALTHOUGH U.S. DEMAND IS DOWN CHINA DEMAND IS UP, THAT THE $150-$200
OIL PRICE PREDICTED BY GOLDMAN IS REALISTIC AND THAT WE�LL BLOW THROUGH THE
$4.00/GALLON GAS TO $4.25-$4.50 AND SEES NO BREAK IN PRICES. SHREVE OF IBD GETS
OUT THE POM POMS AND CHEERS THE WALL STREET LUNACY SAYING ROSY WITH THE MARKET
SHRUGGING OFF THE BAD NEWS (IRRATIONAL EXUBERANCE WE BEEN TOLD IN THE PAST
WHICH GOT US TO THIS CRISIS) BECAUSE THE MARKET WANTS TO GO HIGHER (YES, IN
SHREVE�S MIND THE MARKET�S A LIVING ENTITY WITH A MIND OF IT�S OWN WHICH FOR A
SHORT TIME CAN IGNORE REALITY TO SUCK IN THEIR �MARKS� AND PERPETRATE THEIR
CONTINUING FRAUD). YES, STAGGERING LOSSES, TRADE/BUDGET DEFICITS, WORTHLESS
WEIMAR DOLLAR, AND AN OIL CRISIS MEAN HIGHER STOCK PRICES IN THE ALICE-IN-WONDERLAND
FRAUDULENT WORLD OF WALL STREET.��� (5-5-08) (DOW �88.66,
NASDAQ �12.87, S&P �6.41) [CLOSE- OIL $119.97 (NEW RECORD) GAS $3.62 (NEW
NATIONWIDE AVG. RECORD)/ GOLD $874.10/ SILVER $16.83/ PLATINUM $1929/ DOLLAR=
.64 EURO, 104 YEN, .506 POUND STERLING, ETC. (How low can you go - LOWER)/ 10
YR NOTE YIELD 3.86%]. FAKE GOV�T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS�
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN,
ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY
SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET
DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND
ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO
REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC
DEBACLE.� [eND OF FIRST QUARTER DOW �8%, nASDAQ-14%, AND S&P-10%. WALL
STREET IS A JOKE THAT IS NOT FUNNY]. USA
2008: The Great Depression. �ONE
ECONOMIST/ENTERTAINER/SPECULATOR AND NOW RESTAURANT CONNOISSEUR (TO HIS
DISCREDIT POINTS TO NOT BEING ABLE TO MAKE A RESERVATION AT A RESTAURANT ALONG
WITH ACCEPTANCE OF THE FAKE GOVERNMENT ECONOMIC DATA/REPORTS AS EVIDENCE OF NO
RECESSION DESPITE THE REALITY THAT WE�RE ALREADY IN RECESSION AS PER, IE.,
GREENSPAN, BUFFET, KELLNER, MERRILL LYNCH, ETC., AND MOST IMPORTANTLY, ME) BUT
TO HIS CREDIT SAYS WEAK DOLLAR WHICH WILL CONTINUE DOWNWARD TREND BECAUSE OF
NUMBERS PRINTED/DISTRIBUTED WORLDWIDE ALONG WITH RECORD TRADE/BUDGET DEFICITS
AND SEES SEES NO END IN SIGHT FOR THE DOWNWARD TREND AND RECOMMENDS NON-DOLLAR
DENOMINATED/FOREIGN SECURITIES/FUNDS/ETF�S. ONE ANALYST DISCUSSES YAHOO NIXING
MICROSOFT DEAL WHICH IS A VICTORY FOR TECHNOLOGY MOVING FORWARD. AN OIL ANALYST
SAYS OIL PRICES GOING BEYOND EXPECTATIONS ON TIGHT SUPPLIES, CITES DELICATE
BALANCE BETWEEN SUPPLY AND DEMAND, AND THAT EVERYONE (NATION) DUMPING WORTHLESS
WEIMAR DOLLARS.��� (5-2-08) (DOW +48, NASDAQ
-4, S&P +4) [CLOSE- OIL $116.32 GAS $3.60/ GOLD $855.60/ SILVER $16.35/
PLATINUM $1900/ DOLLAR= .64 EURO, 104 YEN, .506 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.85%]. FAKE
GOV�T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS
FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS� (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS)
WHILE YOU CAN, ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY
SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET
DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY,
AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO
REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC
DEBACLE.� [eND OF FIRST QUARTER DOW �8%, nASDAQ-14%, AND S&P-10%. WALL
STREET IS A JOKE THAT IS NOT FUNNY]. USA
2008: The Great Depression. �IT�S
ALMOST AS EMBARRASSING AS YESTERDAY�S FOLLY TO DISCUSS THE RIDICULOUSNESS OF
TODAY�S TYPICALLY FRAUDULENT WALL STREET ACTIVITY THAT ATTEMPTS TO KEEP THE
COMMISSION FRAUD GOING BASED ON FALSE (SCANDAL-SCARRED GOVERNMENT COMMERCE
DEPT. EXCEEDING TO THE DOWNSIDE EXPECTATIONS/CALCULATIONS OF PRIVATE ECONOMISTS
BY 300-400%/60,000-80,000, THE NUMBER OF NEW UNEMPLOYMENT CLAIMS-DESPERATE
CRIMINALS DO/SAY DESPERATE THINGS) REPORTS/DATA AND EVEN NEGATIVE
NEWS/REPORTS/DATA. ANOTHER MAJOR RETAILER FILES BANKRUPTCY AND WILL CLOSE 120
STORES WHILE PERSONAL BANKRUPTCIES UP 40% AND GAINING MOMENTUM WITH FOURTH
CONSECUTIVE MONTH OF JOB DECLINES WHILE WAR CRIMINAL MENTAL CASE INCOMPETENT
DUMBYA BUSH WITH LOWEST RATINGS OF ANY MODERN PRESIDENT PONDERS THE ULTIMATE
METAPHYSICAL/PHILOSOPHICAL QUESTION OF THE DAY CONCLUDING THAT THE ONLY JOB
HARDER THAN PRESIDENT IS SON OF A PRESIDENT OR DID HE MISSPEAK AND REALLY MEAN
SON OF A BITCH/BASTARD/WAR/GLOBAL CRIMINAL. ONE ANALYST SAYS TOO SOON TO TELL
(RE: STOCK MARKET) OR DID HE REALLY MEAN IF IT SOUNDS TOO GOOD TO BE TRUE (IE.,
JOB NUMBERS, FAKE DATA/REPORTS, B.S., ETC.) IT PROBABLY ISN�T. SELL INTO
STRENTH, TAKE PROFITS WHILE YOU CAN, THE WORST IS YET TO COME.���� (5-1-08) (DOW +189, NASDAQ +67, S&P +23)
[CLOSE- OIL $112.52 GAS $3.60/ GOLD $850.90/ SILVER $16.20/ PLATINUM $1882.30/
DOLLAR= .64 EURO, 104 YEN, .506 POUND STERLING, ETC. (How low can you go -
LOWER)/ 10 YR NOTE YIELD 3.79%]. FAKE
GOV�T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS
FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS� (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS)
WHILE YOU CAN, ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON NEGATIVE NEWS
(PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND
BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION
THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO)
ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS
FINANCIAL/ECONOMIC DEBACLE.� [eND OF FIRST QUARTER DOW �8%, nASDAQ-14%, AND
S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. �IT�S EMBARRASSING TO EVEN DISCUSS THE
RIDICULOUSNESS OF TODAY�S TYPICALLY FRAUDULENT WALL STREET ACTIVITY THAT
ATTEMPTS TO KEEP THE COMMISSION FRAUD GOING. MOST RATIONAL FOREIGN MARKETS WERE
CLOSED FOR MAY DAY FACILITATING THIS LAPSE IN REALITY SO PREVALENT ON WALL
STREET AS BAD NEWS BULLS CHEER INCREASED UNEMPLOYMENT CLAIMS (35,000), DECLINE IN
MANUFACTURING ACTIVITY, CONTRACTION IN CONSTRUCTION SPENDING, MUCH HIGHER FOOD
AND ENERGY PRICES FUELING SLIGHT INCREASE IN CONSUMER SPENDING, AND A
COMPLIANT/INCOMPETENT/CORRUPT GOVERNMENT THAT ATTEMPTS TO MAINTAIN INCUMBENCIES
THAT ARE PART OF THE PROBLEM. ONE ANALYST SAYS WAITING FOR MORE CONVINCING
(OTHER THAN FRAUD AND B**L S***T) SIGNS OF TURNARAOUND BUT WOULD TEND TOWARD
TECH/MID-CAPS WHEN SUCH TIME AROSE, ANOTHERANALYST SAYS REAL ESTATE PRICE
PRESSURE THROUGH 2010, AND AN OIL ANALYST SAID NOTHING. �(4-30-08) (DOW -12, NASDAQ -13, S&P �5) [CLOSE-
OIL $113.46 GAS $3.60/ GOLD $875.51/ SILVER $16.79/ PLATINUM $1933/ DOLLAR= .63
EURO, 103 YEN, .503 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR
NOTE YIELD 3.73%]. FAKE GOV�T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS�
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN,
ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY
SNEAKING INTO THE CLOSE).� [eND OF FIRST QUARTER DOW �8%, nASDAQ-14%, AND
S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. �THE BIG NON-EVENT AS FED LOWERS
EXPECTED QUARTER POINT (SEVENTH IN A ROW) AND DOLLAR OBLIGINGLY FALLS AS FED
MINUTES ALSO REVEAL REALITY CONCERNING INFLATION/INFLATION EXPECTATIONS UP
WHILE ECONOMY WEAK WITH UNCERTAINTY REGARDING ECONOMIC GROWTH (DESPITE ELECTION
YEAR PRIMING, FAKE NUMBERS, ETC.) WHICH IS NEGLIGIBLE AND WAY ABOVE ECONOMISTS�
EXPECTATIONS EVEN IF BELIEVED AT .6% FOR GDP (HOW CAN YOU BELIEVE THEM, THEY
LIE ABOUT EVERYTHING AND THIS IS NO EXCEPTION) AND HENCE THE REALITY OF
STAGFLATION. CALIFORNIA GAS AT $4.00 REG., $4.27 PREM., $4.51 DIESEL. GENERAL
MOTORS REGISTERS ANOTHER HUGE $3.3 BILLION LOSS IN FIRST QUARTER, LOWERS SALES
OUTLOOK, AND WALL STREET FRAUDS RALLY THE STOCK. ONE ECONOMIST SAYS FED AT
CLOSE ON EASING OWING TO INFLATION CONCERNS (4-5%), ECONOMIC UNCERTAINTY
COUPLED WITH HIGH OUTLOOK FOR INFLATION (PARTICULARLY FOOD AND ENERGY) WHICH IS
STAGFLATIONARY SCENARIO, CONSUMER SPENDING DOWN (WEAKEST SINCE 1990) WITH RAPID
DECREASE IN WEALTH (FALLING REAL ESTATE VALUES, ETC.), AS INFLATION HEATS UP
MORTGAGE (AND OTHER LOAN)� RATES
INCREASING WITH INCREASED RISK PREMIUMS (INFLATION RISK, DEFAULT RISK, CURRENCY
RISK, ETC.), AND CREDIT CARD RATES IN TANDEM WITH MORTGAGE RATES INCREASING,
WITH HIGHER DELINQUENCY RATES WITH NO R.E. EQUITY TO STRIP TO COVER SAME, AND
SAYS GRIM OUTLOOK FOR REAL ESTATE WITH A WAYS TO GO TO THE DOWNSIDE AND NO
RELIEF IN NEAR FUTURE FOR REAL ESTATE. AN OIL ANALYST SAYS OIL OUTAGES BACK
ONLINE SO OIL FELL BACK, GAS PRICES STILL A BIT HIGHER, AND IF DEMAND IS
REDUCED AND DOLLAR STRENGTHENS SOME RELIEF AT THE PUMP AFTER SEASONAL PRESSURES
SUBSIDE. ANOTHER ECONOMIST SAYS FED DID WHAT WAS EXPECTED, MORE CONCERNED WITH
INFLATION, ECONOMIC WEAKNESS HAS HAD DAMPENING/DISCIPLINING� EFFECT ON INFLATION, AND THAT CAPITAL
SPENDING WAS NEGATIVE. STILL ANOTHER ECONOMIST SAYS FED DID AS EXPECTED, IN
DIFFICULT POSITION BECAUSE OF INFLATION AND MUST DEAL WITH 3 DISTINCT
CONSTITUENCIES; VIZ., FINANCIAL MARKETS AND DIMINISHED TRUST THEREIN, THOSE
PRESSING FOR STIMULUS/GROWTH, THOSE MOST CONCERNED WITH INFLATION WHICH IS
REALISTIC CONSIDERING THE MASSIVE AMOUNTS OF LIQUIDITY (PLUS PRINTING WORTHLESS
DOLLARS LIKE MAD AND DISTRIBUTING SAME THROUGHOUT THE WORLD) INJECTED BY FED
WHICH IS HYPERINFLATIONARY, AND FED WILL FURTHER PREP MARKETS FOR PAUSE IN
CUTS.� (4-29-08) (DOW -40, NASDAQ
+1, S&P �5) [CLOSE- OIL $115.63 GAS $3.60/ GOLD $876.80/ SILVER $16.57/
PLATINUM $1913/ DOLLAR= .64 EURO, 104 YEN, .508 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.82%]. CONSUMER CONFERENCE BOARD INDEX OF CONSUMER
SENTIMENT AT LOWEST RATE IN 5 YEARS. S&P CASE SHILLER INDEX INDICATES PRICE
DECLINES GAINING MOMENTUM AS THEY DECLINE 13% IN CURRENT PERIOD WITH 17 OF 20
COVERED REGIONS REGISTERING DECLINES WITH 20% DECLINES IN, IE., LA, PHOENIX,
LAS VEGAS, ETC., AND ANALYST SAYS THINGS WILL GET WORSE BEFORE THEY GET BETTER.
INFLATION EXPECTATIONS, CONSISTENT WITH WALL STREET ORIENTED FED POLICY AND
REALITY, HAVE RISEN SIGNIFICANTLY. ONE ANALYST SAYS WE�RE IN RECESSION WITH
EMPLOYMENT TRENDS DECIDEDLY LOWER. COUNTRYWIDE (-$893.1 MILLION) AND GMAC POST
STEEP LOAN LOSSES. LENDING HAS DECLINED 80%. ONE ECONOMIST SAYS U.S. IS IN
RECESSION, SOME BRIGHT SPOTS IN ASIA (IE., CHINA, INDIA, �RIM�, ETC.) BUT
DIMMER IN EUROPE, THAT CONSUMER IS UNDER SIGNIFICANT STRESS, THAT AUTO LOANS
(FOLLOWING PATH OF MORTGAGE LOAN DEFAULTS/FORECLOSURES IS NEXT), THAT CONSUMERS
HAVE NO EQUITY IN REAL ESTATE TO BAIL THEM OUT/BORROW AGAINST HAVING STRIPPED
AND SPENT SAME DURING BUBBLE, MORE WRITEDOWNS COMING IN BOTH RESIDENTIAL AND
COMMERCIAL REAL ESTATE LOAN MARKETS, EXPECTS FED TO CUT .25% AND THEN EVALUATE,
AND DOES NOT EXPECT BOTTOM IN SALES/PRICE DECLINES UNTIL AT LEAST SPRING, 2009.
ONE REGIONAL R.E. ANALYST CDITES FORECLOSURES UP 23% FOR QUARTER AND UP 112%
FROM LAST YEAR AND SAYS QUITE A WAYS FROM BOTTOM. ANOTHER ANALYST CITING CASE
SHILLER INDEX SAYS NO SIGN OF BOTTOM. ONE R.E. FINANCE ATTORNEY/ANALYST
EXPLAINS THE PROBLEMATIC COLLATERALIZED DEBT OBLIGATIONS (PACKAGED SUBPRIME
LOANS INTO SECURITIES WHICH WERE SOLD/COMMISSIONED, RESOLD/COMMISSIONED, AD
INFINITUM) WHICH ENCOURAGED THE SUBPRIME LOANS IN GREATER NUMBERS (TO
FACILITATE THE FRAUD ON A MORE MASSIVE SCALE) AND SAYS A WAYS TO GO BEFORE
BOTTOM.� (4-28-08) (DOW -19, NASDAQ
+1, S&P �1.5) [CLOSE- OIL $118.75 GAS $3.60/ GOLD $895.51/ SILVER $17/
PLATINUM $1975/ DOLLAR= .63 EURO, 104 YEN, .502 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.83%]. FAKE
GOV�T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS
FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS� (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS)
WHILE YOU CAN, ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES ON NEGATIVE NEWS
(PARTICULARLY SNEAKING INTO THE CLOSE).�
[eND OF FIRST QUARTER DOW �8%,
nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. �WARREN BUFFET WHO KNOWS SOMETHING
ABOUT ECONOMICS AND WHO SAYS WE�RE ALREADY IN RECESSION WHICH WILL BE LONGER
AND DEEPER THAN EXPECTED. ONE ECONOMIST SAYS ECONOMY WEAK, QUARTER POINT CUT TO
2% FED FUNDS (325 BASIS POINTS CUT SO FAR-3.25%), MORTGAGE RATES HIGHER SO FED
HAS NOT SUCCEEDED BY THEIR ACTIONS, RISK PREMIUMS HAVE RISEN SIGNIFICANTLY,
CREDIT CARD RATES RISING SUBSTANTIALLY WITH SOME INCREASES AS HIGH AS 100%,
LENDERS GROSSLY UNDERPRICED RISK SO AGRESSIVELY MOVING TO INCREASE RATES, BANKS
FACING SUBSTANTIAL LOSSES AND CUTTING BACK ON CREDIT/LENDING, FED WILL PAUSE
AFTER CUT AND SEE RESULTS OF ACTIONS THUS FAR (NOT SO MUCH), AND WE HAVEN�T YET
SEEN BOTTOM FOR REAL ESTATE. A REAL ESTATE ANALYST SAYS VACANT OWNED/FORECLOSED
HOMES FOR SALE AT ASTOUNDING 2.3 MILLION, CONTINUED WEAKNESS IN PRICES AND
SALES, AND SEES NO BOTTOM YET. ANOTHER ECONOMIST SAYS DOLLAR DOWN AND LONG END
OF YIELD CURVE UP, DISTINGUISHES DEMAND PULL INFLATION (TOO MUCH MONEY CHASING
TOO FEW GOODS) WHICH FED CAN INFLUENCE FROM COST PUSH INFLATION (INCREASED
COSTS, IE., WAGES, COMMODITIES, OIL/FUEL, FOOD, ETC.) WHICH FED CANNOT AFFECT
WITH THE LATTER BEING THE MOST SIGNIFICANT PROBLEM NOW, FED ACTIONS STUPID SINCE
THEY ARE FEEDING COST PUSH WITH WEAKER DOLLAR AND POLICY, LONGER AND DEEPER
RECESSION, OIL/RELATED AND MULTINATIONALS WITH FAVORABLE CURRENCY TRANSLATION
TO WEAK DOLLAR DISGUISING SUBSTANTIAL ECONOMIC/FINANCIAL WEAKNESS, AND
SOVEREIGN WEALTH FUNDS OF OTHER COUNTRIES (IE., CHINA WITH $2 TRILLION, ETC.)
BUYING UP U.S. COMPANIES AND TECHNOLOGY, AND PAINTS VERY GRIM PICTURE.�� (4-25-08) (DOW +42, NASDAQ -6, S&P +9) [CLOSE-
OIL $118.52/ GOLD $888/ SILVER $16.73/ PLATINUM $1941.65/ DOLLAR= .63 EURO, 104
YEN, .504 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.87%]. FAKE GOV�T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS�
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN,
ESPECIALLY WITH SUCKERS� BEAR MARKET RALLIES�
ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE).� [eND
OF FIRST QUARTER DOW �8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE
THAT IS NOT FUNNY]. USA 2008: The Great
Depression. �CONSUMER
SENTIMENT HITS LOWEST LEVEL IN 26 YEARS. ONE ANALYST SAYS THE ECONOMY�S A
DISASTER, ALL THE MONEY BORROWED FROM THE BUBBLE (EQUITY LOANS, CARDS, ETC.) IS
GONE (SPENT ON IMPORTED GOODS, IE., PLASMA TVS, ETC.) LEAVING CONSUMERS BROKE,
TRADE DEFICITS HIGH, BUDGET DEFICITS HIGHER AS THEY FOOLISHLY TRY TO RE-INFLATE
THE BUBBLE TO NO AVAIL, THAT U.S. IS A DRAIN TO THE WORLD ECONOMY AND OTHER
NATIONS WILL DO BETTER AS THEY BREAK WITH U.S. AND WISE TO BY NON-DOLLAR
DENOMINATED ASSETS/SECURITIES, PRECIOUS METALS/COMMODITIES, AND INVEST IN
SECURITIES MARKETS OUTSIDE U.S.. ONE UNION LEADER CITES TRUCKERS PROBLEMS WITH
HIGH FUEL AS WITH AIRLINES AND SAYS MANY GOING AND GOING TO GO OUT OF BUSINESS
AND FURTHER CITES DEREGULATION OF SECURITIES MARKETS BY CLINTON AND OTHER
DEREGULATION AS SOURCE OF THE PROBLEMS AND NEED MORE CORRECTLY FOCUSED
ATTENTION BY POLITICIANS. FORBES SAYS ECONOMY BAD, WEAK DOLLAR TO BLAME,
SIMILAR TO 1970�S SCENARIO OF HIGH INFLATION, AND JUMPS ON POPULAR BANDWAGON OF
SECOND HALF (ELECTION TIME PUMP PRIMING) BETTER BUT ONLY IF DOLLAR STRONGER
WHICH IS LIKE SAYING IF YOUR MOTHER HAD WHEELS SHE�D BE A TROLLEY CAR (HE ALSO
IGNORES THE GEOPLITICAL/ECONOMIC SHIFT THAT�S OCCURRED TO U.S. LONG-TERM
IRRETRACEABLE DETRIMENT). ECONOMIST SAYS ECONOMY IS A MESS, EURO CAN�T RISE
MUCH FURTHER BUT DOLLAR�S RECENT RISE WAS TEMPORARY WITH MORE DOWNSIDE TO
COME.� (4-24-08) (DOW +85, NASDAQ
+23, S&P +8) [CLOSE- OIL $116.06/ GOLD $889.40/ SILVER $16.72/ PLATINUM
$1963/ DOLLAR= .63 EURO, 104 YEN, .506 POUND STERLING, ETC. (How low can you go
- LOWER)/ 10 YR NOTE YIELD 3.73%]. FAKE
GOV�T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS
FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS� (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS)
WHILE YOU CAN, ESPECIALLY WITH SUCKERS� BEAR MARKET RALLY INTO THE CLOSE ON
NEGATIVE NEWS.� [eND OF FIRST QUARTER DOW �8%, nASDAQ-14%, AND S&P-10%. WALL
STREET IS A JOKE THAT IS NOT FUNNY]. THE SCYLLA AND CHARYBDIS OF ENERGY
NEWS AS ONE EXPERT SAYS $7.00 GAS AND $200 OIL WITHIN 4 YEARS WHILE ANOTHER
EXPERT SAYS OIL TO THE 90�S BECAUSE OF RECESSION. AN 8.5% DECREASE IN NEW HOME
SALES WITH 13% PRICE DECLINE, U.S.A. AIRLINES POSTS STEEP LOSSES ALONG WITH
COMBINED LOSSES OF $10.5 BILLION FOR DELTA/NORTHWEST, DURABLES DOWN, BUT
FRAUDULENT/SUCKERS� BEAR MARKET RALLEY AS CONSUMER CONFIDENCE DOWN IN EUROPE
(MISERY LOVES COMPANY). ONE ECONOMIST SAYS WE�RE IN RECESSION AND NOT THROUGH
THE WORST OF IT, IMBALANCES REMAIN AS CONSUMERS SPEND FAR BEYOND MEANS HAVING
STRIPPED OUT REAL ESTATE/HOME EQUITY, NOW NO OR NEGATIVE EQUITY AND CONSUMER
SPENDING WILL DECLINE IN NEXT 2 YEARS, R.E. ESTATE/HOME PRICES WILL CONTINUE TO
FALL FOR NEXT 2 YEARS MINIMUM WITH DECLINES OF 40% (IE., SOCAL, ETC.) AND
HALFWAY THROUGH DECLINE, BUT CITES AVERSION FOR U.S. CURRENCY AND SURPRISE AT
TRANSPORTS IN LIGHT OF NEGATIVE FUNDAMENTALS (IE., HIGH FUEL PRICES, DECREASING
DEMAND, ETC.). ANOTHER OIL ANALYST IS HOPEFUL BUT SAYS OIL/GAS PRICES UP
FURTHER BEFORE DOWN. SHREVE OF IBD HOPING TO SELL MORE PAPERS SHILLS FOR THE
STREET CITING STOCKS RALLYING ON NEGATIVE NEWS (I WOULD SAY THAT�S THE
INSANITY/IRRATIONALITY/EXUBERANCE THAT BROUGHT THIS CRISIS AND BAILOUT FOR THE
WALL STREET FRAUDS). RESTAURANTEUR/EXPERT IN NON-WALL-STREET REAL WORLD SAYS
WORST ECONOMIC SCENARIO HE�S EVER SEEN WITH RISING PRICES (IE., DAIRY UP 100%,
WAGES/MIN.WAGE UP,� ETC.), AND THERE
WILL BE MORE CLOSURES/FAILURES. ROBERT KIOSAKI NOW SAYS IF YOU DON�T KNOW WHAT
YOU�RE DOING YOU WON�T DO WELL (AND IT�S TRUE THAT IF YOU DIDN�T KNOW BETTER
THAN TO TAKE HIS AND TRUMP�S ADVICE, YOU�RE DOING POORLY-BUT BUY THEIR BOOKS
AND SEMINARS AND MAKE THEM RICH FROM THEIR B**L S**T), THE ECONOMY�S IN BIG
TROUBLE (DAAAAAH!), DOWNTREND FOR AT LEAST ANOTHER 2 YEARS, IF YOU BUY A BAD
STOCK YOU�LL SUFFER (BRILLIANT!), CORRECTLY POINTS OUT THAT THE U.S. DOLLAR IS
TOXIC AND PEOPLE WITH 401K�S ARE GETTING WIPED OUT, BUT NOW IT�S THE PEOPLE�S
FAULT FOR NOT KNOWING ENOUGH AND LISTENING TO THEM. NOTED ECONOMIST SAYS WE�RE
ALREADY IN THE RECESSION, THAT FED HAS CUT RATES 6 TIMES IN SMALL SPACE OF TIME
AND HE IS MORE CONCERNED WITH INFLATION WITH HYPERINFLATION THE CONSEQUENCE OF
TOO MUCH LIQUIDITY (TO HIS FAULT HE NEGLECTS TO SAY FED PRINTING WORTHLESS
DOLLARS LIKE CRAZY AND FURTHER DECLINE IN DOLLAR).�� (4-23-08) (DOW +42, NASDAQ
+28, S&P +3) [CLOSE- OIL $118.30/ GOLD $909/ SILVER $17.16/ PLATINUM
$2018.80/ DOLLAR= .62 EURO, 103 YEN, .503 POUND STERLING, ETC. (How low can you
go - LOWER)/ 10 YR NOTE YIELD 3.73%]. FAKE
GOV�T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS
FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS� (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS)
WHILE YOU CAN, ESPECIALLY WITH BEAR MARKET RALLY INTO THE CLOSE ON MIXED TO
NEGATIVE NEWS.� [eND OF FIRST QUARTER DOW �8%, nASDAQ-14%, AND S&P-10%. WALL
STREET IS A JOKE THAT IS NOT FUNNY]. USA
2008: The Great Depression. �AMBAC
THE BOND INSURER WITH GREATER THAN EXPECTED LOSSES THOUGH BOEING WITH ONE TIME
ITEMS EXCEEDED LOWERED EXPECTATIONS. HIGH FOOD PRICES CREATING HARDSHIP IN 50+%
OF HOUSEHOLDS AS IN 3 YEARS MILK UP 20%, EGGS UP 70%, RICE DOUBLES, YEAR OVER
YEAR BREAD UP 16%. GOVERNMENT SCIENTISTS COMPLAIN OF GOVERNMENT INTERFERENCE IN
THEIR WORK/CONCLUSIONS. ONE ECONOMIST SAYS VERY GRIM ECONOMIC PICTURE, FALLING
DOLLAR WHICH WILL CONTINUE DECLINE, RECESSION, UNATTRACTIVE INTEREST
RATES/RETURNS, CITES DOLLAR-DENOMINATED COMMODITIES/HEDGE CONTRACTS AS PROBLEMATIC,
AND SAYS INFLATION/UNEMPLOYMENT NOT SHOWING UP IN GOVERNMENT REPORTS
(DAAAAAH�THE GOVERNMENT LIES ABOUT EVERYTHING ESPECIALLY IN ELECTION YEARS),
AND SAYS FED NOT LOOKING AT BIG PICTURE, BIG IMBALANCES, RECESSION,
STAGFLATION, AND AUTHORED HISTORY BOOK OF WALL STREET DREAMS AS REALITY
BOULEVARD OF BROKEN HEARTS. FOOD BANK MANAGER CITES DEPRESSION ERA LEVELS OF
PEOPLE SEEKING FOOD ASSISTANCE WITH FOOD PRICES UP AVERAGE� 7+% YEAR OVER YEAR. R.E. BROKER/REALTOR/EXECUTIVE
CITES LOTS OF INVENTORY AND TO HIS CREDIT CAN�T AND DOESN�T PREDICT BOTTOM. ONE
MORTGAGE BUYER SAYS BIG PROBLEM IS THAT HOMES/PROPERTY HAVE NO EQQUITY AND� BANKS SELLING MORTGAGES AT SUBSTANTIAL
DISCOUNTS (MORE WRITEDOWNS/LOSSES). �(4-22-08) (DOW -105, NASDAQ
-31, S&P -12) [CLOSE- OIL $119.37 (NEW RECORD)/ GOLD $925.20/ SILVER
$17.71/ PLATINUM $2037.40/ DOLLAR= .62 EURO, 102 YEN, .501 POUND STERLING, ETC.
(How low can you go - LOWER)/ 10 YR NOTE YIELD 3.69%]. NEW DOLLAR LOW AGAINST EURO. NEW RECORD
HIGH OIL ($119.90), GAS ($3.86 AVG REG), AND DIESEL ($4.44) PRICES. SUBSTANTIAL
DECLINES IN HOME SALES AND PRICES (AND DOUBLE-DIGIT DECLINES IN THE LAND OF
FRUITS AND NUTS, -22% AND �15%, RESP.). ONE ECONOMIST/ENTERTAINER/SPECULATOR
SAYS NO VISIBLE BOTTOM TO DOLLAR FALL BECAUSE ALL PROBLEMS, VIZ., BUDGET AND
TRADE DEFICITS, ETC., REMAIN AND NOTHING TO SUPPORT DOLLAR WHICH WILL CONTINUE
TO FALL, SAYS ETHANOL MANDATE A DISASTER, NEED FOR TAX INCREASE ON THE WEALTHY,
AND FUTHER CITES MARKET MANIPULATION. ONE REAL ESTATE ANALYST CITES �2% DECLINE
(ANNUALIZED 24%) IN SALES,- 7.7% (ANNUALIZED �93%) IN PRICES, AND 144% INCREASE
IN DEFAULTS AND 317% INCREASE IN FORECLOSED PROPERTIES, UPSIDE DOWN MORTGAGE TO
VALUE SCENARIO WITH FORCLOSURE SALES ACCOUNTING FOR ONE THIRD OF ALL SALES.
ANOTHER ANALYST CITES WORLDWIDE FOOD CRISIS AND BIOFUEL A CAUSATIVE FACTOR IN
THE CRISIS. UAL CUTTING FLIGHTS AND JOBS CITING HIGH FUEL COSTS AND DIFFICULT
ECONOMIC ENVIRONMENT FOR AIRLINES. CURRENCY ANALYST SAYS NO END IN SIGHT FOR
FALLING DOLLAR, U.S. PROBLEMS HAVE NOT BEEN WORKED THROUGH AND REMAIN, IN
EUROPE THE CONCERN WITH INFLATION IS THE RATIONAL ORIENTATION AND FED APPROACH
WAS/IS WRONG WITH LOW INTEREST RATE WALL STREET ORIENTATION AND WORDS OF
FED/ADMINISTRATION EMPTY WITHOUT CORRECT ACTION AND COUNTER PRODUCTIVE AS U.S.
IS NOW IMPORTING INFLATION AND THE FED IS WAY BEHIND THE CURVE. (4-21-08) (DOW -24, NASDAQ
+5, S&P -2) [CLOSE- OIL $117.48 (NEW RECORD)/ GOLD $917.60/ SILVER $17.45/
PLATINUM $2013/ DOLLAR= .62 EURO, 103 YEN, .505 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.71%]. RECORD HIGH OIL/GAS/DIESEL PRICES RALLY
STOCKS INTO THE CLOSE�..RIIIIIGHT! BOFA REGISTERS 77% EARNINGS DROP ON CREDIT
LOSSES/WRITEDOWNS. NATIONAL CITY DILUTING OWNERSHIP/EQUITY/EARNING WITH OLD
WALL STREET PLOY/FRAUD, VIZ., BUBBLE STOCK. ONE ANALYST CITES IN RESPONSE TO
QUESTION REGARDING NEWS BEING NO DIFFERENT FROM FRIDAY�S BUBBLE RALLY THAT
MARKET MOODS CHANGE (RIIIIIGHT�..FULL MOON AFFECTS LUNATICS/FRAUDS) AND BOFA�S
MISSED EARNINGS. VENTURE CAPITAL INVESTING DOWN ALONG WITH IPO�S. ONE THIRD OF
BUSINESS ECONOMISTS HAVE ECONOMY SHRINKING. OIL ANALYST SEES $125 OIL WITH
REFINING PROBLEMS, STORMS IN MEXICO, DETERIORATING DOLLAR, AND GEOPOLITICAL
UNREST AND SEES STRONGER EURO HITTING 1.60 RELATIVE TO WORTHLESS DOLLAR.� (4-18-08) (DOW +228, NASDAQ +61, S&P +24)
[CLOSE- OIL $116.69 (NEW RECORD)/ GOLD $920.60/ SILVER $18.26/ PLATINUM $2053/
DOLLAR= .63 EURO, 103 YEN, .500 POUND STERLING, ETC. (How low can you go -
LOWER)/ 10 YR NOTE YIELD 3.72%]. RECORD HIGH OIL PRICES YET AIRLINES WITH THEIR LOSSES RALLY.
CITIBANK LOSES $5 BILLION (MISREPORTED AS LESS THAN EXPECTED SINCE EXPECTED WAS
CONSENSUS LOSS OF $ .74 PER SHARE VERSES ACTUAL LOSS OF $1.02 PER SHARE), PLUS
BILLIONS MORE IN WRITEDOWNS, JOB CUTS, AND STOCK RALLIES. NEW RECORD PRICES FOR
OIL, GAS, AND DIESEL. ONE ANALYST EXPRESSED SURPRISE AT THE RUN-UP, SAYS MORE
NEGATIVES TO COME, CITES SHORT-COVERING ADDING STEAM TO RALLY, SAYS INCREASES
IN OIL/FUEL PRICES IGNORED AS EVEN AIRLINES RALLIED, SAYS WE�VE MOVED INTO RECESSION
AND IF DEEPER (IT WILL BE) THEN UPTICK IS SHORT-LIVED, ESPECIALLY SINCE
RECESSION, BUDGET DEFICIT AMONG OTHER PROBLEMS REMAIN. ANOTHER ANALYST COMMENTS
ON WHAT SHOULD COME AS NO SURPRISE THAT UNEMPLOYMENT UP SHARPLY IN THE LAND OF
FRUITS AND NUTS. (4-17-08) (DOW +1, NASDAQ
-8, S&P +0) [CLOSE- OIL $114.86/ GOLD $942.90/ SILVER $18.26/ PLATINUM
$2053/ DOLLAR= .62 EURO, 101 YEN, .502 POUND STERLING, ETC. (How low can you go
- LOWER)/ 10 YR NOTE YIELD 3.72%]. FOLLOWING UP ON BAD NEWS BULLS COMMENT IS OBSERVATION THAT BAD
NEWS IS GOOD NEWS IN THE RETURN TO ALICE-IN-WONDERLAND FRAUDULENT LUNATIC WORLD
OF WALL WHERE BLAZING FULL MOON KEEPS LUNATIC/FRAUDS� SUCKER�S BEAR MARKET
RALLY ROLLING DESPITE NEGATIVE PHILADELPHIA FED INDEX, ANEMIC ONE TENTH OF ONE
PERCENT (.1%) RISE IN LEADING ECONOMIC INDICATORS (PROPPED BY BEGINNING OF NEW
B.S. STOCK PRICE BUBBLE COMPONENT), RECORD HIGH OIL AND GAS PRICES, RECORD
DOLLAR LOWS, AND UNEMPLOYMENT CLAIMS UP MORE THAN EXPECTED. ONE OIL ANALYST
SEES $125 OIL. MERRILL LYNCH POSTS $2.1 BILLION LOSS, ANNOUNCES JOB CUTS AND
$6-8 BILLION MORE WRITEDOWNS WHICH RALLIES THE STOCK. ONE ANALYST SAYS MORE
COMPANIES MISSING THEIR NUMBERS BUT MARKET�S IGNORING SAME (FULL MOON) AND THAT
INFLATION WILL BECOME A PROBLEM. ANOTHER OIL ANALYST SAYS WE�RE GETTING CLOSER
TO A TOP BUT WITH RECORD DOLLAR LOWS AND WEAKENING ECONOMY, HIGH OIL/GAS PRICES
A GREATER PROBLEM AND FORESEES POSSIBLE $4-5 GAS PRICES. ONE ECONOMIST SAYS
THOSE EXPECTING TURNARAOUND IN SECOND HALF ARE LIKELY TO BE DISAPPOINTED. (4-16-08) (DOW +256, NASDAQ
+60, S&P +30) [CLOSE- OIL $114.91(RECORD)/ GOLD $945/ SILVER $18.30/
PLATINUM $2019/ DOLLAR= .62 EURO, 101 YEN, .507 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.66%]. FOLLOWING UP ON BAD NEWS BULLS COMMENT IS
OBSERVATION THAT BAD NEWS IS GOOD NEWS IN THE RETURN TO ALICE-IN-WONDERLAND
FRAUDULENT LUNATIC WORLD OF WALL STREET BUT BUSINESS REPORTER JUST CAN�T BE
FRANK AND ASK THE TOUGH/INFORMED QUESTIONS BUT RATHER AS JUST ANOTHER
MONEY-HONEY MAKES FIRST ANALYST COMMENTARY A NON-EVENT ALONG WITH EVEN BARRON�S
EDITOR WHO DOES POINT OUT THAT BEIGE BOOK VERY NEGATIVE AND EVEN THE FEW
POCKETS OF STRENGTH HAVE BEEN PULLED DOWN. OIL UP TO NEW RECORDS, DOLLAR DOWN.
BEIGE BOOK REVEALS INFLATION UP, HOUSING DOWN, ECONOMY WEAKENING FURTHER AND
CONSUMER SPENDING SOFTENING AS INVENTORIES OF UNSOLD GOODS RISING. FAKE REPORT
HAS CONSUMER PRICES UP LESS THAN EXPECTED (DON�T COUNT FOOD AND
ENERGY�..RIIIIIGHT!). AIRLINES SHOWING BIG LOSSES. MERRILL WITH $6-8 BILLION
MORE WRITEDOWNS, LAYOFFS, ETC..(WHY ARE THESE FRAUDS NOT IN JAIL, DISGORGING
FRAUDULENT COMMISSIONS/PROFITS, ETC.). NEW CONSTRUCTION DOWN AND IMPORTANTLY
GOING FORWARD, PERMITS DOWN. VERY DISMAL REALITY EXCEPT THAT OLD WALL STREET
FRAUD IS NEW WALL STREET FRAUD. THEY PREVIOUSLY FOOLED/DEFRAUDED YOU, THE
SHAME�S ON THEM. THIS TIME THE SHAME�S ON YOU!�
�(4-15-08) (DOW +60, NASDAQ +10, S&P +6) [CLOSE-
OIL $113.79/ GOLD $932.10/ SILVER $17.90/ PLATINUM $1976/ DOLLAR= .63 EURO, 101
YEN, .509 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.59%].. WHOLESALE INFLATION RATE AT MUCH HIGHER
THAN EXPECTED 1.1% (ANNUALIZED 13+%). COUNTING FORECLOSURES, HOME SALES UP
WHILE PRICES DOWN SHARPLY -28%, -24% IN LAND OF FRUITS AND NUTS, FORECLOSURES
UP 57%. RECORD HIGH OIL ($113.79) AND GAS ($3.38) PRICES, DOLLAR DOWN
MODERATELY. THAT HUB OF GLOBAL MANUFACTURING NEW YORK (RIIIIIGHT!�SUUUUURE!)
SHOWS INCREASE BY THEIR MANUFACTURING INDEX (BUT ONLY IF YOU COUNT FRAUDULENT
PAPER/SECURITIES). ONE ANALYST SAYS TODAY THERE WAS AS MUCH GOOD NEWS AS BAD
(SINCE WHEN HAVE FINANCIAL MARKETS BECOME DAY-TO-DAY ROULETTE WHEELS BASED ON
B**L S**T ALONE!). ANOTHER ANALYST SAYS DIRE PICTURE FOR CONSUMERS.�
(4-14-08) (DOW -24, NASDAQ -14, S&P -4) [CLOSE- OIL
$111.89/ GOLD $926.60/ SILVER $17.74/ PLATINUM $1976/ DOLLAR= .626 EURO, 100.95
YEN, .505 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.51%]. RETAIL SALES
UP MUCH HIGHER THAN EXPECTED FOR MARCH AT ANEMIC .2% BASED ON HIGHER GAS PRICES
ALONE. DOLLAR DOWN, OIL UP AT/NEAR RECORD HIGHS, AND CONSUMER CONFIDENCE AT 26
YEAR LOW. ONE ANALYST CITES CONCERN OVER LOAN LOSS RESERVES BEYOND BIG BANKS AS
WACHOVIA REPORTS UNEXPECTED SUBSTANTIAL QUARTERLY LOSS ($350+MILLION) AND
ANNOUNCES DIVIDEND CUTS, LAYOFFS, AND ISSUANCE OF DILUTING COMMON/PREFERRED
STOCK. HARDLY A ROSY SCENARIO. (4-11-08) (DOW -256, NASDAQ -61, S&P -28) [CLOSE- OIL
$110.14/ GOLD $927/ SILVER $17.69/ PLATINUM $2028/ DOLLAR= .63 EURO, 101 YEN,
.506 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.47%]. REUTER�S
CONSUMER SENTIMENT INDEX PEGS CONSUMER CONFIDENCE AT LOWEST READING (62.3 VS.
EXPECTED 68) SINCE 1982 (RECESSION). GE DISAPPOINTS ON EARNINGS, ISSUES FULL
YEAR WARNING, AND THEN COME DOWNGRADES BUT NOT ALONE ON THAT FRONT (UPS, ETC.).
FRONTIER FOURTH U.S. AIRLINE TO FILE BANKRUPTCY. ONE ANALYST SAYS BEAR MARKET,
DOWN ON ALL ASPECTS OF U.S. ECONOMY, AND LOWER EARNINGS TO COME. COMMENTS ON
BERNANKE�S NO RECESSION/NOW RECESSION MISTATEMENT AND POLICIES , IE., PRINTING
WORTHLESS WEIMAR DOLLARS LIKE MAD, LOWER INTEREST RATES, ETC. WHICH WILL WORSEN
U.S. ECONOMIC PLIGHT WITH SUBSTANTIALLY HIGHER INFLATION, IE., IMPORT PRICES UP
14%, OIL AT/NEAR RECORD HIGHS $110 PLUS. SAYS OTHER NATIONS PRINTING CURRENCY
TO PROP WORTHLESS U.S. DOLLAR WHICH WILL CONTINUE DOWN AS U.S. �EXPORTING� INFLATION� AND RECOMMENDS NON-DOLLAR
DENOMINATED INVESTMENTS/SECURITIES, MARKETS OUTSIDE U.S., NON-U.S. CURRENCIES,
IE., EURO, SWISS FRANC, ETC., AND PRECIOUS METALS, GOLD/SILVER PARTICULARLY.
ANOTHER OLD, �ALWAYS GOTTA BE BUYING�, ANALYST SAYS CONCERNED ABOUT DOLLAR WHICH IS RELATED TO TRADE/BUDGET
DEFICITS AND SAYS THINGS TROUBLESOME GOING FORWARD.�� (4-10-08) (DOW +54, NASDAQ
+29, S&P +6) [CLOSE- OIL $110.11/ GOLD $931.80/ SILVER $18.04/ PLATINUM
$2045/ DOLLAR= .63 EURO, 101 YEN, .506 POUND STERLING, ETC. (How low can you go
- LOWER)/ 10 YR NOTE YIELD 3.55%]. WORST RETAIL NUMBERS IN 13 YEARS AND TRADE/BUDGET DEFICITS UP
SHARPLY WITH DOLLAR HITTING NEW INTRA-DAY RECORD LOW AGAINST EURO, BUT WHAT
THEY WORRY, HECK NO THEY WORK ON WALL STREET. BUSINESS REPORTER COINS THE
PHRASE BAD NEWS BULLS SINCE THESE LUNATIC FRAUDS ON WALL STREET SEEM TO THRIVE
ON BAD ECONOMIC/FINANCIAL DATA. GREENSPAN: NO
REGRETS; U.S. IN SEVERE RECESSION. JAWBONER BERNANKE SAYS THIS DOWNTURN IS
DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE
AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING
SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO
THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. UK, US, AND
WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. �(4-9-08) (DOW -49, NASDAQ
-27, S&P -11) [CLOSE- OIL $110.87/ GOLD $935/ SILVER $18.18/ PLATINUM
$2023/ DOLLAR= .63 EURO, 101 YEN, .506 POUND STERLING, ETC. (How low can you go
- LOWER)/ 10 YR NOTE YIELD 3.48%]. FHA FOR FIRST TIME IN HISTORY SHOWS DEFICIT. OIL AND GAS
INVENTORIES DROP SHARPLY. DOLLAR DOWN SHARPLY. POUND STERLING AT NEW RECORD LOW
AGAINST EURO HAVING FOLLOWED U.S. INTO THE ABYSS. ONE ECONOMIST SAYS JOB LOSSES
AND WAGE LOSSES (ADJUSTED FOR INFLATION) HAVE BEEN DEVESTATING (FOR CONSUMER
AND ECONOMY). AIRLINES CANCEL FLIGHTS FOR COMPLIANCE ISSUES. OIL ANALYST CITES
RECORD HIGH OIL/GAS PRICES, $112+ INTRA DAY�
TRADING HIGH, $110.87 CLOSING HIGH, AND SAYS CONSIDERABLY HIGHER OIL/GAS
PRICES TO COME ON SUBSTANTIAL DRAW DOWNS ON OIL/GAS INVENTORIES, REFINERY
OUTAGES, AND SEES $118-$120 OIL, $4.00 GAS, AND $5.00 DEISEL. ONE ANALYST CITES
DECLINING DOLLAR WHICH WILL CONTINUE DOWN WITH CONTINUING ILLEGAL WAR IN IRAQ
ALONG WITH FED�S LOWERING OF INTEREST RATES AND RECOMMENDS EURO DENOMINATED ETF
(TO A FAULT HE FAILS TO POINT OUT THAT THE FED IS PRINTING WORTHLESS (WEIMAR
HYPERINFLATIONARY) DOLLARS LIKE MAD. LAND OF FRUITS AND NUTS BUSINESS REPORTER
FOCUSES ON OLYMPIC TORCH EVENT AND HAS WHERE�S WALDO MOMENT POINTING OUT THE
TORCH IS NOW CONCEALED AND PROBINGLY ASKS, WHAT IF THE TORCH GOES OUT; AND THEN
HAS ON SOME LAND OF FRUITS AND NUTS POLITICIANS/BUREAUCRATS (MOST ARE
CORRUPT/GET RICH WHILE IN OFFICE-GOV�T CONTRACTS, ETC.), INCOMPETENT,
ETC..� �(4-8-08) (DOW -36, NASDAQ
-16, S&P -7) [CLOSE- OIL $108.50/ GOLD $918/ SILVER $17.71/ PLATINUM
$2029.60/ DOLLAR= .63 EURO, 102 YEN, .507 POUND STERLING, ETC. (How low can you
go - LOWER)/ 10 YR NOTE YIELD 3.56%]. FOMC MINUTES SHOW FED DEEPLY CONCERNED WITH (ALREADY THE
REALITY OF) DEEP DOWNTURN IN THE ECONOMY (THAT IS ALREADY) HAPPENING. CONSUMER
CONFIDENCE AT NEW RECORD LOW. PENDING HOME SALES AT NEW RECORD LOW. OIL AND GAS
PRICES AT OR NEAR RECORD HIGHS. JUST GREAT! KEN SHREVE OF INVESTORS BUSINESS
DAILY POINTS TO VERY PESSIMISTIC READINGS ON ECONOMY, FINANCIALS, AND
GOVERNMENT POLICY, EMPHASIZES WEAK DOLLAR WITH UPWARD PRESSURE ON OIL AND GAS,
POINTS TO DISMAL �51% SHOWING (EARNINGS) IN FIRST QUARTER. ONE REPORTER
EMPHASIZES FED�S CONCERN WITH DEEPER BUSINESS DOWNTURN AND CITES ECONOMIST WHO SAYS
ECONOMY GETTING WEAKER, NOT BETTER, AND $1+ TRILLION LOAN/DEBT LOSSES WITH LESS
THAN A THIRD WRITTEN DOWN. A METALS ANALYST SEES $970 GOLD OVER THE RELATIVE
NEAR/INTERMEDIATE TERM, IMF SALE OF GOLD STILL UNCERTAIN REQUIRING VOTE AND
WOULD IN ANY EVENT HAVE RELATIVELY SMALL IMPACT ON GOLD PRICES, SAYS INDUSTRIAL
METALS INCLUDING, IE., SILVER, ETC., WILL SUFFER MORE IN WEAK ECONOMY, AND
COUNTRIES WITH INCREASING INFLATION, IE., INDIA AT 8%, ETC., WILL HELP PROP,.
IE., GOLD. VERY LARGE DECLINE OF 17.5% IN BUSINESS ACTIVITY IN THE LAND OF
FRUITS AND NUTS; HOW COULD THEY EXPECT OTHERWISE. ��(4-7-08) (DOW +3, NASDAQ
-6, S&P +2) [CLOSE- OIL $109.09/ GOLD $926.80 / SILVER $18.13 / PLATINUM
$2046.90 / DOLLAR= .62 EURO, 101 YEN, .501 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 3.55%]. PURCHASER/MANUFACTURING INDEX FLAT, 5.2%
INCREASE IN CONSUMER DEBT TO $3 TRILLION, AND 3 AIRLINES BANKRUPT WITH MORE TO
FOLLOW. ROSY! ONE ANALYST (KEEP IN MIND HE�S A BUY AND HOLDER WHICH MEANS LOSER
OVER A DECADE AND PARTICULARLY HERE IN LIGHT OF WEIMAR DOLLAR) SAYS ECONOMY BAD
FOR HOUSING/CONSTRUCTION/FINANCIALS AND ECONOMIC WEAKNESS NOT BEHIND US YET.
SAYS WITH HINDSIGHT, WE�RE IN BEAR MARKET (RECESSION) AND QUESTION IS WHETHER
WORST IS BEHIND US (ANSWER-NO!), AND CITES RECORD GAS PRICES PROBLEMATIC, AND
GUIDANCE (YOU KNOW, THE B**L S**T THAT GOT US TO THE BUBBLE IN THE FIRST
PLACE), IS THE KEY. OIL ANALYST CITES ENGLAND REFINERY DOWN, TIGHTNESS OF
SUPPLY OF DISTILLATE FUEL, AND SAYS PRICES WILL TEST ALL-TIME HIGHS $111+ (AND
OF COURSE THE WORTHLESS DOLLAR AFFECTING SAME). ONE NOTED ECONOMIST CITES WITH
GREAT WEIGHT ECONOMIST MARTIN FELDSTEIN OF THE NATIONAL BUREAU OF SOMETHING
ECONOMIC (WHO CARES) WHOSE CONSIDERED OPINION IS THAT WE�RE IN RECESSION AND
THAT SAME WILL BE SEVERE, WHICH PRONOUNCEMENT IS ECHOED ALSO� BELATEDLY BY GREENSPAN. HE HIMSELF FORECASTS
SEVERE RECESSION, SAYS STEPS THUS FAR TREAT SYMPTOMS RATHER THAN EFFECT CURES,
CITES THE PROBLEMATIC NATURE OF COLLATERALIZED DEBT SECURITIES (COLLATERAL IS
SUSPECT), SAYS MORE WRITE-OFFS, BUT TO A FAULT, FAILS TO RECOGNIZE/DISTINGUISH
AMERICA�S SUBSTANTIALLY WORSENED POSITION (ECONOMICALLY, FINANCIALLY, SOCIALLY,
GEOPOLITICALLY, ETC.) FROM EVEN THE 1930�S IN HIS �APPROACH�. (4-4-08) (DOW -17, NASDAQ +8, S&P +1) [CLOSE-
OIL $105.77/ GOLD $913.20 / SILVER $17.75 / PLATINUM $2030.50 / DOLLAR= .63
EURO, 101 YEN, .501 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR
NOTE YIELD 3.65%]. JOB
LOSSES A GREATER THAN EXPECTED 80,000 AND UNEMPLOYMENT RATE SPIKES TO 5.1%.
CREDIT CARD DELINQUENCY RATES ROSE SHARPLY. ONE ANALYST SAYS BEAR
MARKET/RECESSION AND ABOUT HALFWAY THROUGH AVERAGE LENGTH AND THAT INFLATION
WILL BECOME A CONCERN RATHER QUICKLY, AND FOCUS ON COMPANIES THAT SELL WHAT YOU
NEED VERSES WHAT YOU WANT. OIL ANALYST CITES FALLING DOLLAR, DRAW DOWN ON
INVENTORIES, AND SAYS HIGHER OIL AND GAS PRICES. ONE ECONOMIST SAYS JOB LOSSES
PART OF A LONGER TERM SLOW-DOWN, HOUSING AND CREDIT CRUNCH ALONG WITH
CONTINUING SLUGGISHNESS IN THE ECONOMY. ANOTHER ECONOMIST POINTS TO STRUCTURAL
PROBLEMS IN THE U.S. ECONOMY, IE., WEAK DOLLAR, LIQUIDITY PROBLEMS, ETC.,
RETURNS ON DOLLAR-DENOMINATED SECRITIES/INVESTMENTS DOWN WHILE THE RISK IS UP,
AND SEVERE PROSPECTS FOR INFLATION (PARTICULARLY AND OWING TO HIGHER ENERGY/FOOD
COSTS, ETC.)WHICH CONSTITUTES DILEMMA FOR THE FED. �(4-3-08) (DOW +20, NASDAQ
+1, S&P +1) [CLOSE- OIL $103.83/ GOLD $903 / SILVER $17.33 / PLATINUM
$1,983 / DOLLAR= .63 EURO, 102 YEN, .501 POUND STERLING, ETC. (How low can you
go - LOWER)/ 10 YR NOTE YIELD 3.60%]. �UNEMPLOYMENT CLAIMS
UP MUCH HIGHER THAN EXPECTED TO OVER 400,000 WHILE NON-VALUE ADDED SERVICE
SECTOR UNEMPLOYMENT CLAIMS RISE SLIGHTLY LESS THAN EXPECTED, �(4-2-08) (DOW -49, NASDAQ
-1, S&P -3) [CLOSE- OIL $104.83/ GOLD $900.20 / SILVER $17.18 / PLATINUM
$1,964.60 / DOLLAR= .63 EURO, 102 YEN, .503 POUND STERLING, ETC. (How low can
you go - LOWER)/ 10 YR NOTE YIELD 3.60%]. �DESPITE ECONOMISTS EXPECTATIONS OF FEWER NEW PRIVATE SECTOR 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 (8,000). BERNANKE IN SOMBER TESTIMONY
SAYS ECONOMY IN DIFFICULT PERIOD, PROSPECTS FOR GROWTH HAVE WORSENED, COULD BE
CONTRACTION IN THE FIRST HALF (ALREADY IN RECESSION) WITH HIGH UNCERTAINTY AND
RISK TO THE DOWNSIDE.
BERNANKE
SAYS RECESSION POSSIBLE (AP). DOLLAR DOWN SHARPLY.
MORTGAGE APPLICATIONS DOWN. FACTORY ORDERS DOWN 1.3%. OIL PRICES SPIKE $3.85 TO
$104.83. IMF SAYS U.S. ECONOMY GROWTH AT BEST ONE-HALF PERCENT OR DECLINE AND
WORST ECONOMIC CRISIS SINCE GREAT DEPRESSION WITH WORLDWIDE SLOWING BUT NOT AS
BAD AS U.S.. ONE ANALYST SAYS BUY DIPS, SELL RALLIES (SELL) BUT DON�T TRY TO
CATCH FALLING KNIFE, METALS/COMMODITIES CORRECTION OVER AND NATURAL GAS TO GO
HIGHER. AN ECONOMIST SAYS CONTRACTION IN GDP�
AND WALL STREET FRAUDS AWARE OF DIRE ECONOMIC CONDITIONS. ONE
CONGRESSIONAL REP FROM LAND OF FRUITS AND NUTS REFERS TO SOMBER BERNANKE
TESTIMONY OF NO GROWTH/CONTRACTION, 1 OF 2 HOMES ON MARKET IN FORECLOSURE, AND
GAS PRICES AT ALL-TIME HIGH $3.62. THE OTHER FLAKEY/CORRUPT/INCOMPETENT
CLINTONIAN HYPOCRITE FROM THE LAND OF FRUITS AND NUTS IS NOT WORTHY OF
REFERENCE.� �(4-1-08) 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� FRAUDULENT BEAR MARKET RALLY/MODEST
DROP RELATIVE TO REALITY (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. �WALL
STREET�S PROGRAMMED TRADE FRAUD SHOULD BE PROSECUTED VIGOROUSLY AND HARSHLY AS
THEY START NEW BUBBLE AND ABSENT PROSECUTION, IT IS THE PROSECUTORS WHO BEAR
COMPLICITY IN THE FRAUD. �[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. there appears to have been a somewhat
silent protest from a failed newspaper living on fumes and past laurels and
part of the controlled media which is part of america�s problem so i will
disclose the very worthwhile daily one well spent hour radio program, �business
hour� on knx1070am hosted by Frank moTtek who�s no money honey but quite good
at what he does and from which i gleen much of the paraphrased material/data].� �
(4-2-08) (DOW -49, NASDAQ -1, S&P -3) [CLOSE- OIL $104.83/ GOLD $900.20
/ SILVER $17.18 / PLATINUM $1,964.60 / DOLLAR= .63 EURO, 102 YEN, .503 POUND
STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.60%]. �FAKE
GOV�T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS
FORECAST/EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS)
WHILE YOU CAN.� eND OF FIRST QUARTER DOW �8%, nASDAQ-14%, AND S&P-10%. WALL
STREET IS A JOKE THAT IS NOT FUNNY. USA
2008: The Great Depression. �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. DESPITE ECONOMISTS EXPECTATIONS OF FEWER
NEW PRIVATE SECTOR 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 (8,000). BERNANKE IN
SOMBER TESTIMONY SAYS ECONOMY IN DIFFICULT PERIOD, PROSPECTS FOR GROWTH HAVE
WORSENED, COULD BE CONTRACTION IN THE FIRST HALF (ALREADY IN RECESSION) WITH
HIGH UNCERTAINTY AND RISK TO THE DOWNSIDE. BERNANKE
SAYS RECESSION POSSIBLE (AP). DOLLAR DOWN SHARPLY.
MORTGAGE APPLICATIONS DOWN. FACTORY ORDERS DOWN 1.3%. OIL PRICES SPIKE $3.85 TO
$104.83. IMF SAYS U.S. ECONOMY GROWTH AT BEST ONE-HALF PERCENT OR DECLINE AND
WORST ECONOMIC CRISIS SINCE GREAT DEPRESSION WITH WORLDWIDE SLOWING BUT NOT AS
BAD AS U.S.. ONE ANALYST SAYS BUY DIPS, SELL RALLIES (SELL) BUT DON�T TRY TO
CATCH FALLING KNIFE, METALS/COMMODITIES CORRECTION OVER AND NATURAL GAS TO GO
HIGHER. AN ECONOMIST SAYS CONTRACTION IN GDP�
AND WALL STREET FRAUDS AWARE OF DIRE ECONOMIC CONDITIONS. ONE
CONGRESSIONAL REP FROM LAND OF FRUITS AND NUTS REFERS TO SOMBER BERNANKE
TESTIMONY OF NO GROWTH/CONTRACTION, 1 OF 2 HOMES ON MARKET IN FORECLOSURE, AND
GAS PRICES AT ALL-TIME HIGH $3.62. THE OTHER FLAKEY/CORRUPT/INCOMPETENT
CLINTONIAN HYPOCRITE FROM THE LAND OF FRUITS AND NUTS IS NOT WORTHY OF
REFERENCE.� �(4-1-08) 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� FRAUDULENT BEAR MARKET RALLY/MODEST
DROP RELATIVE TO REALITY (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. �WALL
STREET�S PROGRAMMED TRADE FRAUD SHOULD BE PROSECUTED VIGOROUSLY AND HARSHLY AS
THEY START NEW BUBBLE AND ABSENT PROSECUTION, IT IS THE PROSECUTORS WHO BEAR
COMPLICITY IN THE FRAUD. �[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].� �
(4-1-08) WALL STREET�S
FRAUDULENT FOOLS� FOOL�S DAY IS SO EGREGIOUS AND SO PREPOSTEROUS A FRAUD
AND INSULT TO INTELLIGENCE (CRIMINAL AMERICA GENERALLY) TO SUCK SUCKERS IN THAT
TO DISCUSS SAME IS THE HEIGHT OF ABSURDITY OTHER THAN TO SAY THE ECONOMIC DATA
VIZ., CONSTRUCTION AND MANUFACTURING WAS DECIDEDLY NEGATIVE (BUT NOT AS BAD,
THE MANTRA GOES, AS THEY EXPECTED�..RIIIIIGHT!), WALL STREET�S PROGRAMMED TRADE
FRAUD SHOULD BE PROSECUTED VIGOROUSLY AND HARSHLY AS THEY START NEW BUBBLE AND
ABSENT PROSECUTION, IT IS THE PROSECUTORS WHO BEAR COMPLICITY IN THE FRAUD. GREAT
OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN. �eND OF FIRST QUARTER
AND DOW �8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY.
USA 2008: The Great Depression. �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. 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� FRAUDULENT 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].� �
(3-31-08) (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].� �
Some Economic Background to the Current Crisis
CITIGROUP and MERRILL face
bigger writeoffs/dividend cuts, etc.....
CHEER: Ambrose
Evans-Pritchard: Bank Crisis may make '29 look 'walk in park'... As central banks continue to splash their
cash over the system, so far to little effect, Ambrose Evans-Pritchard argues
things are rapidly spiralling out of their control Twenty billion dollars here,
$20bn there, and a lush half-trillion from the European Central Bank at
give-away rates for Christmas. Buckets of liquidity are being splashed over the
North Atlantic banking system, so far with meagre or fleeting effects.
"Liquidity doesn't do anything in this situation," says Anna
Schwartz, the doyenne of US monetarism and life-time student (with Milton
Friedman) of the Great Depression."It cannot deal with �.. that lots of
firms are going bankrupt. The banks and the hedge funds have not fully
acknowledged who is in trouble. That is the critical issue," she adds�..
The time-lines
below highlight the four recessions in the US economy since 1980�..While the
NBER was only a little late in its recognition of the recession that began in
Summer 1981, they were late to the game in the remaining three. In fact, during
the last two recessions, the NBER did not officially declare the start to a
recession until the recession had already ended. The u.s. is already in
recession, beyond the fake data/reports, with much higher than reported
inflation, etc..
Economic Expert
Says Global Crash Imminent
Echoes
former world bank leader with prediction of global recession Steve Watson
A leading
economic expert has warned that a global crash and recession is imminent on the
back of record highs in real estate, stocks and energy, combined with a
devaluation of the dollar and continued speculative bubble thinking. Robert
Shiller, the Stanley B. Resor Professor of Economics at Yale University told an audience at the annual Dubai International Financial
Centre (DIFC) Week that a sharp downward correction is due in the global
markets. Shiller stated: Perhaps we have gotten a little too confident in the
global economic growth, said Shiller. The problem is high oil, stock and real
estate prices. I believe that a substantial part is speculative bubble
thinking. We have gotten too confident of the prices in these markets.
Economic Outlook
2008: Darkening Clouds
Dom Armentano Lew
Rockwell.com Thursday December 6, 2007 Presidential election years usually
are not recessionary but next year will be an exception. Several economic factors
are colliding in an almost perfect storm to markedly slow the general economy
and the stock market. The most important signal flashing recession is, of
course, the sub-prime mortgage fiasco. After years of monetary inflation on the
part of the Federal Reserve, individuals and families with poor credit were
suckered into low-down-payment/low-interest adjustable mortgages that simply
cannot be maintained or repaid under current conditions. Their incentive is to
sell the property quickly before their equity evaporates and/or the financial
institution repossesses it. Yet the massive oversupply of homes and condos for
sale has pushed prices down at a record clip and made additional foreclosures
even more likely. Next year, unfortunately, will be the Year of the Auction.
The financial institutions have also been punished�well sort of. Various
institutions including hedge funds that hold these poorly performing debt
obligations have been forced (by accounting rules) to "write down"
the value of these assets, take huge paper losses in the bargain, and pull in
their financial horns. Thus, any near-term recovery in housing must now fight a
record supply availability, falling prices, higher insurance costs and
restricted credit�a near-term impossibility in my view. Moreover, the slowdown
in residential and commercial construction will send secondary ripple effects
throughout the economy. Laid-off construction workers don't spend money.
Construction and home furnishing suppliers sell less output and make fewer investments.
Even local governments will be pinched by declining property-tax assessments
and fewer developer fees. Things are likely to get worse before they get any
better. The second major factor indicating a near-term recession is the
sky-high price of crude oil and refined product. Pushed upward by world-wide
speculative Mid-East war fears and increases in demand (especially from China),
increasing energy prices act as an inflationary "tax" on domestic
production and consumption throughout the market economy. Higher costs of
production will lower profits; higher prices will reduce some consumption. The
only good news here is that any substantial economic slowdown in 2008 will
eventually moderate the price of oil and other commodity prices as well. The
third factor in the current recession scenario � and the real wild card � is
the continuing decline in the value of the dollar in international money
markets caused by our Iraq blunder and the Federal Reserve�generated oversupply
of dollars. Some economists would argue that a devalued dollar is good for U.S.
exports, and thus positive for the economy as a whole. I disagree for three
reasons. First, the bulk of crude oil purchases takes place in dollars; a
falling dollar translates into still higher crude oil prices. Second, the U. S.
dollar is the major reserve currency of the international monetary system and
dollar-paying investments (such as U.S. Treasury bills and bonds) are held in
massive amounts by foreign banks and governments. Dollar devaluation makes these
investments less attractive and any disinvestment in these areas would sharply
drive bond prices down and increase interest rates. The third reason why dollar
devaluation makes recession more likely is that it effectively prevents the
Federal Reserve from pushing U.S. interest rates much lower. Any additional Fed
easing (inflation) would be seen as a signal of even further future dollar
devaluation and even higher dollar prices for oil. Unfortunately, we will not
be able to "inflate" our way out of this recession this time. We will
simply have to take our lumps and let market forces liquidate the bulk of the
malinvestments caused by the unprecedented Greenspan money bubble. This
liquidation process will not be pretty but it is necessary to restore a sustainable
economic recovery in the years ahead.
Don�t forget: Criminal
america has the highest crime rates in the world. No other so-called
�civilized� nation even comes close.
Euro gains on
dollar in official reserves...
FROM THE SUB-PRIME
TO THE RIDICULOUS: HOW $100B VANISHED...
PAPER: TOP
ECONOMIST SAYS AMERICA WILL PLUNGE INTO RECESSION...
UNDERSTANDING THE GREAT WALL STREET FRAUD (summarized)
*(12-30-07) The best and easiest to understand analogy, though not perfect, to
the wall street markets is the kiting of checks at lightning computerized
trading speed on which commissions are taken although there is nothing of real
value underlying their fraudulent scheme. (10-10-08) Now to bring this analogy closer to the current crisis, assume as is the case of the worthless sub-prime securities, there is no charge off/debit as is ordinarily the case with a cleared check and the worthless 'collateralized sub-prime security' is repackaged, resold, recommissioned based upon as collateral the original worthless security which is in turn repackaged, resold, recommissioned based upon as collateral the subsequent worthless security, and so on to the tune of (hundreds of) trillions of this worthless, fraudulent paper (blatent securities fraud which must be prosecuted and fraudulently derived profits disgorged).
*(12-31-07) The ubiquitous computerization of wall street functions, the
enhancement/advance/integration of the said computer equipment/peripherals in
terms of computing power and speed, along with the concomitant
advance/sophistication of the programming concerning same has enhanced the
ability of the frauds on wall street to effect their frauds with blinding speed
vis-�-vis the funds entrusted to their care by way of programmed trades, ie.,
buy, sell, stop limits, etc.. An example (though not perfect) is
illustrative:� Dow drops 200 points as
programmed sell orders kick in with some not so fudged negative news. Nothing
changes but the following day the market rises 205 points on programmed buy
orders (a little higher despite the absence of any positive news). Hence, the
huge swings which have become ever so more prevalent. Though nothing has changed,
hundreds of millions of dollars without relation to any value added (in
economic terms, service, etc.) is taken in commissions (percentages, points,
spreads) by the frauds on wall street on huge computerized trading volume
(hence, the multi-billion dollar bonuses on top of huge salaries, etc.). The
fact is that these funds entrusted to them are so large that such computerized
�buys� can simulate other than rational demand causing prices to rise solely to
generate huge commissions to them and new funds coming in (as in a ponzi
scheme). The corrupt government has been complicit in terms of false economic
reports, legislation protecting the fraud (ie., exemption from RICO
accountability, etc.), while the courts are also corrupt facilitators (ie., new
york, new jersey, california, etc., and similarly don�t count on arbitration
panels).� There was a time when
transaction costs mattered in financial investment decisions. The
trades/commissions are not a net positive for the economy but are indeed of
great benefit to the recipients of same (who like termites eat away at other
peoples� money, and whose marginal propensity to consume is less than those
allocating their monies/pensions/401ks/savings etc.; hence, the mess to
follow). Finally, the NASDAQ/tech has become the �safe haven� but in reality as
in the dot.com bust days are just the great story without much fundamental
understanding that keeps the fraudulent ball rolling.
(1-01-08) Remember: more contrived wasteful commissions to the wall street
frauds, the level and percentage of which should be examined in light of
computerization and decreased costs attendant to same especially since only A
Very Small Fraction Of What wall street Does Is A Net Positive For The Economy
(New Investment Capital via, ie., ipo�S), The Rest Is Tantamount To
A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn'
computerized programmed trades.
*(1-3-08) $14 billion ($21 billion in 2006) in
bonuses to the lunatic/frauds on wall street for a commissionable (sub prime
bundled) fraud well done, inflation up, dollar down, oil prices up,
manufacturing down; one analyst/reporter/journalist from inside sources pegs
the sub-prime dollar value of the shilled worthless paper at $516 TRILLION
(even a percentage of same renders the problem unfixable-hence, culpable
parties must be held accountable and disgorge their ill-gotten gains from, ie.,
commissioning worthless paper, taking a point here or there and fraudulently
passing same on, ad infinitum, etc.). Of course there are also a plethora of
garden-variety frauds as always, ie., 10-B-5, insider trading, etc..
*(10-10-08) Now to bring the initial check-kiting analogy
closer to the current crisis, realize as is the case of the worthless sub-prime
securities, there is no charge-off/debit as is ordinarily the case with a
cleared check and the worthless 'collateralized sub-prime security' is
repackaged, resold, recommissioned based upon (collateralized by) as collateral
the original worthless security which is in turn repackaged, resold,
recommissioned based upon as collateral the subsequent worthless security, and
so on (a geometric progression) �to the
tune of (hundreds of) trillions of this worthless, fraudulent paper (blatent/flagrant
�securities fraud which must be
prosecuted and fraudulently derived profits disgorged).
THE BAILOUT FRAUD/SCAM
This
is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime
and otherwise, are only a relatively small portion of the fraud/scam providing
�cover/collateral� for the worthless but heavily commissioned paper over and
over again in a multiplicity of different forms of worthless paper) in the
mega-billions should first be disgorged before taxpayers are forced to pony up
and pay the frauds again for their fraud which caused the problem in the first
instance, must be prosecuted. It should also be noted that despite the
rhetoric, the wall street bailout will NOT solve the crisis or eliminate the
economic pain except to make permanent the fraudulent wealth transfer to the
most well healed heals/frauds/criminals in the nation who caused the so-called
crisis by their greed/corruption/fraud.�
TOP TRENDS
2008: PANIC AND FEAR http://www.trendsresearch.com
Economic 9/11
Just as the Twin Towers collapsed from the
top down, so too will the US economy from an Economic 9/11. When the high-stake
speculators, banks, brokerages, and buyout firms that leveraged billions with
millions get hit ... everything underneath them will turn to rubble.
The Panic of 08
Failing banks, busted brokerages, toppled
corporate giants, bankrupt cities, states in default, foreign creditors cashing
out of US securities � whatever the spark, the stage is set for panic in the
streets. When the giant firms fall, they'll crush the man on the street. ....
Conservation Engineers
More powerful than high tech and paying much
better than the booming health care sector, we forecast that "Conservation
Engineers" and "Conservation Specialists" that are skilled in
providing enviro-smart solutions will be among the most handsomely rewarded and
sought after professions for the next several decades.
Tax Revolts
It was a reason given for starting the first
American Revolution and as the trends add up, it will also be a reason for
starting the second. Fed up, and not willing � or able � to take it anymore,
overtaxed Americans will begin the battle against politicians and bureaucrats
in the fight to lower and/or repeal taxes� while demanding higher tax rates for
those seen as paying too little. .....
Bye, Bye Bucks
America�s going broke and the whole world
knows it. Betting that its economy will spiral down and that the dollar will
fall with it, foreign creditors are dumping dollars on the market � and even
Third World street vendors don�t want to take greenbacks any longer. The
further it falls, the less it�s worth. The less it�s worth, the less it buys.
In the real world they call it "inflation." In America they call it
"good for business." ......
Small is Big
Unlike the years of personal prosperity and
business growth long perceived a birthright � today, as America�s fortunes
dwindle, its people will be forced to adjust attitudes and alter practices to
compensate for the losses. Although the oncoming national downsizing trend may
be a blow to egos and painful to pocketbooks, if intelligently deployed and
spiritually practiced, the "Small is Big" trend can lead to more
progressive advancement and greater rewards than the supersizing trend that has
been consuming much of the nation.
Heal Yourself Health Care
Just as it took mountains of facts and
bottom line realities to finally convince a consumption prone public that
energy saving tools and environmentally sound practices bring bigger rewards
and higher quality, the oncoming "Heal Yourself Health Care" trend
will be as widely embraced and will prove equally rewarding. Evolving over the
past two decades, along with growing acceptance of seeking alternative medical
options, the "Heal Yourself Health Care" trend is being driven by
both the lack of money and the power of the mind.
TechnoSlaves.com
It�s a quickly spreading worldwide epidemic
that will get much worse. All colors, classes, creeds and races are addicted
and they can�t break the habit. Before 2008 ends, the TechnoSlave trend will be
so pervasive and so deeply embedded into the fabric of society that Old World
communication styles will be seen as quaint and ridiculed as stupidly boring by
the high-tech "hip." Across borders and around the world, blinking
lights of blue and red flash from human ears � electro-plastic appendages
affixed to the body and controlling the mind. So self-important have society�s
members become that they must be connected at all times � to be in touch and
instant messaged � for work, play and to fill the voids of idle time.
Hold on to Your Hats
2008 is going to be a
wild ride. http://www.trendsresearch.com
Jeremy Grantham: All the World's a Bubble By Brett
Arends
�..Grantham says we are now seeing the first worldwide bubble in history
covering all asset classes.
Everything is in
bubble territory, he says.� Everything.
'The
bursting of this bubble will be across all countries and all assets.' -- Jeremy
Grantham
|
The United States is heading for bankruptcy, according to
an extraordinary paper published by one of the key members of the country's
central bank.
|
A ballooning budget deficit and a pensions and welfare
timebomb could send the economic superpower into insolvency, according to
research by Professor Laurence Kotlikoff for the Federal Reserve Bank of St
Louis, a leading constituent of the US Federal Reserve.
Prof Kotlikoff said that, by some measures, the US is
already bankrupt. "To paraphrase the Oxford English Dictionary, is the
United States at the end of its resources, exhausted, stripped bare, destitute,
bereft, wanting in property, or wrecked in consequence of failure to pay its creditors,"
he asked.
According to his central analysis, "the US government
is, indeed, bankrupt, insofar as it will be unable to pay its creditors, who,
in this context, are current and future generations to whom it has explicitly
or implicitly promised future net payments of various kinds''.
Prof Kotlikoff, who teaches at Boston University, says:
"The proper way to consider a country's solvency is to examine the
lifetime fiscal burdens facing current and future generations. If these burdens
exceed the resources of those generations, get close to doing so, or simply get
so high as to preclude their full collection, the country's policy will be
unsustainable and can constitute or lead to national bankruptcy.
"..... there are strong reasons to believe the United States may be going broke."
Experts have calculated that the country's long-term
"fiscal gap" between all future government spending and all future
receipts will widen immensely as the Baby Boomer generation retires, and as the
amount the state will have to spend on healthcare and pensions soars. The total
fiscal gap could be an almost incomprehensible $65.9 trillion, according to a study
by Professors Gokhale and Smetters.
The figure is massive because President George W Bush has
made major tax cuts in recent years, and because the bill for Medicare, which
provides health insurance for the elderly, and Medicaid, which does likewise for
the poor, will increase greatly due to demographics.
Prof Kotlikoff said: "This figure is more than five
times US GDP and almost twice the size of national wealth. One way to wrap
one's head around $65.9trillion is to ask what fiscal adjustments are needed to
eliminate this red hole. The answers are terrifying. One solution is an
immediate and permanent doubling of personal and corporate income taxes.
Another is an immediate and permanent two-thirds cut in Social Security and
Medicare benefits. A third alternative, were it feasible, would be to
immediately and permanently cut all federal discretionary spending by
143pc."
The scenario has serious implications for the dollar. If
investors lose confidence in the US's future, and suspect the country may at some
point allow inflation to erode away its debts, they may reduce their holdings
of US Treasury bonds.
Prof Kotlikoff said: "The United States has
experienced high rates of inflation in the past and appears to be running the
same type of fiscal policies that engendered hyperinflations in 20 countries
over the past century."
UPDATE - Two former NYSE
traders found guilty of fraud
Stock market staggers, but investors still may be too
optimistic
Commentary: Newsletters react to
stock markets' losing week
By Peter Brimelow,
MarketWatch� 12:04 AM ET Jul 17, 2006
Investors may still be too optimistic
NEW YORK (MarketWatch) -- First, a proprietary word: on Friday night, the
Hulbert Stock Newsletter Sentiment Index (HSNSI), which reflects the average
recommended stock market exposure among a subset of short-term market timing
newsletters tracked by the Hulbert Financial Digest, stood at plus-23.8%. This
was certainly below the 31.4% it showed on Tuesday night, when Mark Hulbert
worried, presciently we must say, that it was too strong from a contrary
opinion point of view. But it's still above its 12.6% reading at end of June,
although, Mark pointed out, the stock market had declined in the interim. And
since Mark wrote, the Dow Jones Industrial Average has had three triple-digit
down days.
Not
good.
Dow
Theory Letters' Richard Russell wrote Friday morning: "If the Dow breaks
support at 10,760, I think we could have some nasty action, even some crash-type
action." But, perhaps significantly, Russell did not quite hit the panic
button when the Dow did indeed close at 10,739 Friday night.
He simply
remarked, supporting the contrary opinion view: "Three days in a row with
the Dow down over 100 points each day -- you don't see that very often. But
still no signs of real fear, no capitulation, no panic -- just down, down, and
down. The key consideration here is that there is still no sign of big money
coming into this market. In fact, the big money has been leaving this market
all year. ... The longer the market continues down without a panic decline, the
worse the ultimate panic will be when it arrives."
What is Wrong
with the Stock Market?
Dr. Khaled
Batarfi
John D.
Rockefeller was once asked why he decided to sell all his stocks just months
before the 1929 Wall Street Crash. He explained: One morning, I was on the way
to my office and stopped to have my shoes polished. The guy asked my advice
about the shares he bought. If people with this kind of talent were now playing
the market, I knew there was something wrong.....
U.S. Treasury balances at Fed fell on July
17Tue Jul 18, 2006
WASHINGTON, July 18 (Reuters) - U.S.
Treasury balances at the Federal Reserve, based on the Treasury Department's
latest budget statement (billions of dollars, except where noted):
������������� July 17 July 14 (respectively)
Fed acct� 4.087 4.935
Tax/loan note acct
10.502 10.155
Cash balance 14.589
15.192
National debt,
subject to limit
8,311.633 8,323.084
The statutory debt limit
is $8.965 trillion.
The Treasury said there were $192 million in individual
tax refunds and $23 million in corporate tax refunds issued.
End Of The Bubble Bailouts
A. Gary Shilling, Insight 08.29.06 - For a quarter-century, Americans� spending binge has been fueled by a
declining savings rate and increased borrowing. The savings rate of American
consumers has fallen from 12% in the early 1980s to -1.7% today (see chart
below). This means that, on average, consumer spending has risen about a half
percentage point more than disposable, or after-tax, income per year for a
quarter-century.
The fact that Americans are saving less and less of their after-tax
income is only half the profligate consumer story. If someone borrows to buy a
car, his savings rate declines because his outlays go up but his disposable
income doesn�t. So the downward march in the personal savings rate is closely
linked to the upward march in total consumer debt (mortgage, credit card, auto,
etc.) in relation to disposable income (see chart below).
Robust consumer spending was fueled first by the soaring stock market of
the 1990s and, more recently, by the housing bubble, as house prices departed
from their normal close link to the Consumer Price Index (see chart below) and
subsequently racked up huge appreciation for homeowners, who continued to save
less and spend more. Thanks to accommodative lenders eager to provide
refinancings and home equity loans, Americans extracted $719 billion in cash
from their houses last year after a $633 billion withdrawal in 2004, according
to the Federal Reserve.
But the housing bubble is deflating rapidly. I expect at least a 20%
decline in median single-family house prices nationwide, and that number may be
way understated. A bursting of the bubble would force many homeowners to curb
their outlays in order to close the gaps between their income and spending
growth. That would surely precipitate a major recession that would become
global, given the dependence of most foreign countries on U.S. consumers to buy
the excess goods and services for which they have no other markets.
That is, unless another source of money can bridge the gap
between consumer incomes and outlays, just as house appreciation seamlessly
took over when stocks nosedived. What could that big new source of money be?
And would it be available soon, given the likelihood that house prices will
swoon in coming quarters?
One possible source of big, although not immediate, money to sustain
consumer spending is inheritance. Some estimates in the 1990s had the postwar
babies, who have saved little for their retirement, inheriting between $10
trillion and $41 trillion from their parents in the coming decades. But
subsequent work by AARP, using the Federal Reserve�s Survey of Consumer
Finances for 2004 and previous years, slashed the total for inheritances of all
people alive today to $12 trillion in 2005 dollars. Most of it, $9.2 trillion,
will go to pre-boomers born before 1946, only $2.1 trillion to the postwar
babies born between 1946 and 1964, and $0.7 trillion to the post-boomers.
Furthermore, the value of all previous inheritances as reported in the
2004 survey was $49,902 on average, with $70,317 for pre-boomers, $48,768 for
boomers and $24,348 for post-boomers. Clearly, these are not numbers that
provide for comfortable retirements and, therefore, allow people to continue to
spend like drunken sailors.
What other assets could consumers borrow against or liquidate to support
spending growth in the future? After all, they do have a lot of net worth,
almost $54 trillion for households and nonprofit organizations as of the end of
the first quarter. Nevertheless, there aren�t any other big assets left to tap.
Another big stock bonanza is unlikely for decades, and the real estate bubble
is deflating.
Deposits total $6.3 trillion, but the majority, $4.9 trillion worth, is
in time and savings deposits, largely held for retirement by financially
conservative people. Is it likely that a speculator who owns five houses has
sizable time deposits to fall back on? Households and nonprofits hold $3.2
trillion in bonds and other credit market instruments, but most owned by individuals
are in conservative hands. Life insurance reserves can be borrowed, but their
total size, $1.1 trillion, pales in comparison to the $1.8 trillion that
homeowners extracted from their houses in the 2003-2005 years. There�s $6.7
trillion of equity in noncorporate business, but the vast majority of that is
needed by typically cash-poor small businesses to keep their doors open.
Pension funds might be a source of cash for consumers who want to live it
up now and take the Scarlett O�Hara, �I�ll worry about that tomorrow� attitude
toward retirement. They totaled $11.1 trillion in the first quarter, but that
number includes public funds and private defined benefit plans that are seldom
available to pre-retirees unless they leave their jobs.
The private defined contribution plans, typically 401(k)s, totaled $2.5
trillion in 2004 and have been growing rapidly because employers favor them.
But sadly, many employees, especially those at lower income levels, don�t share
their bosses� zeal. Only about 70% participate in their company 401(k) plans
and thereby take advantage of company contributions. Lower paid employees are
especially absent from participation, with 40% of those making less than
$20,000 contributing (60% of those earning $20,000 to $40,000), while 90% of
employees earning $100,000 or more participate.
Furthermore, the amount that employees could net from withdrawals from
defined contribution plans would be far less than the $2.5 trillion total,
probably less than the $1.8 trillion they pulled out of their houses from 2003
to 2005. That $2.5 trillion total includes company contributions that are not
yet vested and can�t be withdrawn. Also, withdrawals by those under 59� years
old are subject to a 10% penalty, with income taxes due on the remainder.
With soaring stock portfolios now ancient history and leaping house
prices about to be, no other sources, such as inheritance or pension fund
withdrawals, are likely to fill the gap between robust consumer spending and
weak income growth. Consumer retrenchment and the saving spree I�ve been
expecting may finally be about to commence. And the effects on consumer
behavior, especially on borrowing and discretionary spending, will be broad and
deep.
Analysts' Forecasts and
Brokerage-Firm Trading
THE ACCOUNTING REVIEW Vol. 79, No. 1 2004 pp. 125�149 Analysts� Forecasts
and
Brokerage-Firm Trading Paul J. Irvine Emory University University of
Georgia
Collectively, these results suggest that analysts can generate higher trading
commissions through their positive stock recommendations than by biasing their
forecasts.
WHISPERS
OF MERGERS SET OFF BOUTS OF SUSPICIOUS TRADING...
August 27, 2006 NYTimes By GRETCHEN MORGENSONThe boom in corporate mergers is creating concern that illicit trading
ahead of deal announcements is becoming a systemic problem.
Sartre, Courtesy of Etherzone.com, on the Typical Criminal american B**l S**t:
"The official rate of inflation is a lie. Look at the expense on essentials. The price tag of food has gone through the roof. Energy, medical, insurance and education costs are unbearable. As the rise in local and state taxes far out pace any minimal reductions on the federal level. The huge balance of payments trade shortfall is no accident. Government deficits grow, as massive debt piles up. No wonder the laws of economic veracity require a loss of purchasing power in the value of the currency".
Insiders Selling At A Rate Of 5 to 1!
'Peak Oil' Has Been Reached [In Part The Work Of The criminal american (think tank/neo-cons/titans of industry/cia/nsa,etc.) "geniuses" who have built up communist China militarily and economically].
- Record High Oil Prices
- Consumer Confidence (consumption 65% of GNP) Down
- Record High Deficits (budget, trade, attention, intelligence, etc.)
YOU CAN'T BELIEVE A WORD THEY SAY!
|
Wall Street Lunacy 2007 
Current Topics 2006
Financial Lunacy 2006 
![second chart).]](bear_markets_table_2.jpg){kind=link}