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Comment
on: Even 'Safe Money' Can Be Parked in Short-Term Bonds
at 8/30/2009 6:36 AM EDT SELL/TAKE
PROFITS -SOBERING STAT: ARMS INDEX INDICATES MARKET IS AT PEAK, NOT
BOTTOM….Brett Steenbarger…What I can tell you with certainty is that two of
the past historical occasions in which we've had 20-day price highs and ultra
low median 20-day TRIN readings have been March 2000 and late May/early June,
2007. Both corresponded more or less to bull market peaks. The ultra low TRIN
seemed to capture frothiness in those markets: lots of volume going into a
few speculative, rising issues. Might we be seeing the same thing with the
recent pops in such low priced stocks as AIG (AIG), Citigroup (C), Fannie Mae
(FNM), Freddie Mac (FRE), CIT (CIT), and Bof A (BAC)? I note that about 2
billion of NYSE volume was concentrated in C, FNM, and FRE alone. Seems like
lots of money chasing low-priced volatile financial stocks. Just like lots of
money chasing volatile tech stocks or emerging market stocks. Not something
you'd see at market bottoms. A bit of a sentiment caveat for this market
shrink… Comment
on: FDIC to Ratchet Up Scrutiny of Newly Chartered Banks
at 8/30/2009 6:27 AM EDT PART 3
THE GREAT DEPRESSION AND TODAY - SOBERING PARALLELS ABOUND Comment
on: U.S. Sets Metrics to Assess War Success at 8/30/2009 6:19 AM EDT Lets get
real! A broke and broken nation u.s. is fraud, war criminals and war
profiteers! Comment
on: More Banks Could Fail, FDIC Says at 8/29/2009 5:46 AM EDT Meltdown
101: Why banks' struggles have worsened The Associated Press - Marcy Gordon -
WASHINGTON - Despite signs of an improving economy, the nation's banks
are still struggling - in fact, the pace of bank failures has accelerated. Comment
on: Banks 'Too Big to Fail' Have Grown Even Bigger
at 8/29/2009 5:43 AM EDT Roubini:
“When Governments Reach the Point Where They Are Borrowing to Pay the Interest
on Their Borrowing They Are … Running a Ponzi Scheme” The interest charge
alone on that increased debt will be in the region of $300 billion to $400
billion a year. Comment
on: Hopeful Signs: Manufacturing, Housing Show Gains
at 8/29/2009 5:31 AM EDT PART
2-THE GREAT DEPRESSION AND TODAY - SOBERING PARALLELS ABOUND Comment
on: Tax Pledge Is a Target As Deficits, Debt Grow
at 8/29/2009 4:57 AM EDT BILL WOULD GIVE OBAMA 'EMERGENCY' CONTROL OF INTERNET
WHICH WOULD BE CRAZY IN LIGHT OF HIS BREACHES OF TRUST Forced vaccinations,
quarantine camps, health care interrogations and mandatory “decontaminations”
Mike Adams | The United States of America is devolving into medical fascism.
Fox News Poll: Majority Think Swine Flu Vaccine Deadlier Than Virus Dictator,
communist, and walking dead man Castro, ‘the opposition killer/jailer’, Calls
Obama Opposition Racist…riiight mr. totalitarian communist, anything you say
Sheehan returns to rebuke Obama 'US not living up to wobama message' ABC
Hypocrisy Over Ad Critical Of Nationalized Healthcare China, ‘the paper
tiger’: US should end naval patrol in China sea Comment
on: Bush's Search Policy For Travelers Is Kept at 8/28/2009 5:53 AM EDT Who woulda thunk it! Comment
on: SEC's About-Face on Bank of America Raises Eyebrows
at 8/28/2009 5:40 AM EDT What
approach? I'm surprised the sec employees like other club fed employees even
get paid! Comment
on: Banks 'Too Big to Fail' Have Grown Even Bigger
at 8/28/2009 5:28 AM EDT ECONOMIST
KELLNER JOINS THE RATIONAL CROWD SAYING ECONOMY WILL COLLAPSE UNDER ITS OWN
WEIGHT IN 2010
Comment on: More Banks Could Fail, FDIC Says at 8/28/2009 5:19 AM EDT THE GREAT
DEPRESSION AND TODAY - SOBERING PARALLELS ABOUND Comment
on: Accusations Of Vote Fraud Multiply in Afghanistan
at 8/28/2009 5:04 AM EDT Karzai and Warlords Mount Massive Vote Fraud Scheme
Afghan panel finds vote fraud charges serious Afghan challenger Abdullah says
polls rigged... Afghan President Hamid Karzai’s main challenger said on Sunday
he had evidence last week’s election had been widely rigged by the incumbent
and that he had lodged more than 100 complaints. Comment
on: Fannie, Freddie Shares Soar, Puzzling Analysts
at 8/27/2009 7:34 AM EDT Who's
Behind All This Manipulated Trading? Comment
on: Hopeful Signs: Manufacturing, Housing Show Gains
at 8/27/2009 7:28 AM EDT GREAT
OPPORTUNITY TO SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH SUCKERS’ BEAR MARKET RALLY
CONTINUING BASED ON FAKE DATA BETTER THAN EXPECTATIONS MANTRA, EVER MORE
WORTHLESS WEIMAR DOLLAR, INCREASED FORECLOSURE SALES AND BEN (HE STILL HAS A
JOB - AS AMERICANS LOSE THEIRS) BERNANKE BULL S**T (REMEMBER HIS NO RECESSION
TALKS, MANY OF THEM, TO FROTH THE MARKET THEN AS NOW AND HOW MANY SUCKERS’
POINTS TO THE UPSIDE THEREFROM – WHAT TOTAL BULL S**T, WHAT FRAUDS!) AND
CONTINUED BAD NEWS [ INSIDERS ARE DUMPING STOCK INSIDERS CONTINUE TO SELL,
SELL, SELL (AT SEEKING ALPHA 8/13/09) PAPER: FRESH ALERT ON GLOBAL STOCK
MARKETS... AP sources: $2 trillion higher deficit projected (AP) Judge Orders
Fed To Disclose Who Received Bailout Trillions Zero Hedge Claims that the
Federal Reserve ITSELF Traded Over a Trillion Dollars Worth of Derivatives in
March Alone Geithner: Auditing the Fed is a “line that we don’t want to
cross” The Federal Reserve Must Die “True Deleveraging Has Not Begun Yet
Because Losses of Financial Institutions Have Been Socialized” Obama Predicts
Unemployment, Deficits Far Worse Than Previously Stated... Grim...
"Artificially Sweetened" Market Could Face "Seismic
Readjustment," Harrison Says Official: Real unemployment rate at 16%...
WSJ: Dollar Steadily Losing Influence... Senator warns of hyperinflation...
Failed banks mount; Ga, Ala, and large Texas banks shut Learn to Love the
Depression US jobless claims in surprise jump for second week WHY DO EQUITY
MARKETS DISAGREE WITH THE DATA? Brookings “Experts” Admit Stimulus a Bust
Analyst warns of 150-200 more U.S. bank failures Government Revises Deficit
Estimates Again: We Will Exceed Expectations Manufacturing Jobs Drop To
Lowest Level Since 1941 What rebound? Foreclosures rise as jobs and income
drop Fed to Steal State Pension Funds IMF Says You’ll Have to Pay More Taxes
The risk of continuing depression rising CALPERS IS UNSUSTAINABLE What
rebound? Foreclosures rise... Grab Your Shorts, The Correction Has Begun THE
SECOND WAVE OF THE DEPRESSION: HYPERINFLATION IS LIKELY THE FDIC IS BROKE.
NOW WHAT? (PART II) …] PERSONAL & BUSINESS BANKRUPTCIES UP, WORTHLESS
WEIMAR DOLLAR DOWN, FORECLOSURES UP (32% YOY AND 7% MOM AT NEW RECORD, 50%
HOMES UNDERWATER, COMMERCIAL TO FOLLOW), CONFIDENCE REALISTICALLY DOWN, $100+
OIL AROUND CORNER (2010-HOGAN); CELENTE-DEPRESSION NOW UNDERWAY Bob Prechter
Quite Sure Next Wave Down Will Be Bigger and March Lows Will Break Gerald
Celente 2.5 Million Jobs Lost Since Obama’s Presidency PAPER: Fresh alert on
global stock markets... TO KEEP SUCKERS SUCKERED [ Insiders Continue to Sell,
Sell, Sell (at Seeking Alpha – 8/13/09) (7-29-09) Insiders Selling at
Alarming Levels Insiders Exit Shares at the Fastest Pace in Two Years ] AND
COMMISSION DOLLARS FLOWING [Tarp banks award billions in bonuses... Goldman
Sachs on pace for record bonuses: report (Reuters) Cody Willard: Goldman
Sachs Is A Ponzi Scheme, Should Be Punished Accordingly Max Keiser: Prosecute
the Bankster Crime Syndicate The Market's Horoscope: Downside Correction ! [
Entering the Greatest Depression in History Andrew Gavin Marshall Comment
on: Obama Names Bernanke for 2nd Term at 8/26/2009 10:13 AM EDT BEN (HE STILL
HAS A JOB - AS AMERICANS LOSE THEIRS) BERNANKE IS BULL S**T (REMEMBER HIS NO
RECESSION TALKS, MANY OF THEM, TO FROTH THE MARKET THEN AS NOW): Comment
on: Deficit Projected To Soar With New Programs at 8/26/2009 9:33 AM EDT Senator
warns of hyperinflation... Comment
on: On Afghanistan, Political Test for Obama at 8/26/2009 9:21 AM EDT What
political test? This is not some infantile game of chicken. Civilians are
dying from the tainted touch of american war profiteering, military
industrial complex budgeteering, and desire for the heroin which the Taliban
had all but eradicated (and the pentagon countermanded orders to destroy the
poppy fields). Comment
on: Fannie, Freddie Shares Soar, Puzzling Analysts
at 8/25/2009 7:42 AM EDT Brookings
“Experts” Admit Stimulus a Bust Analyst warns of 150-200 more U.S. bank failures
Government Revises Deficit Estimates Again: We Will Exceed Expectations
Manufacturing Jobs Drop To Lowest Level Since 1941 What rebound? Foreclosures
rise as jobs and income drop Fed to Steal State Pension Funds IMF Says You’ll
Have to Pay More Taxes The risk of continuing depression rising Comment
on: Bernanke to Be Reappointed as Fed Chairman at 8/25/2009 7:38 AM EDT Heck of a
job 'Browny'. Whoops, wrong catastrophe; I meant 'Benny'. Comment
on: Scottish Justice Secretary Defends Libyan's Release
at 8/25/2009 7:33 AM EDT Scottish govt defends Lockerbie bomber's release though
all they really have to do is point to the war criminals in u.s. who haven’t
even been charged/prosecuted…e Stark double standard …Firstly, the case
against him was circumstantial and relied heavily upon the testimony of Tony
Gauci, a Maltese shopkeeper, who said he recognized Al-Megrahi as the man who
bought clothing in his shop, fragments of which were later found in the
incendiary suitcase. Yet, Gauci was allegedly shown photographs of Al-Megrahi
and others prior to the line-up when he failed to identify him. He was then
instructed to focus on Al-Megrahi’s picture when he insisted that the person
who bought his clothes was much older than the man in the photo. He is also
said to have been coached by prosecutors prior to giving testimony and is
thought to have been offered millions of dollars in bribes to testify at
trial… Comment
on: Karzai Won Election Convincingly, Afghan Cabinet
Minister Says at 8/25/2009 7:28
AM EDT Karzai
and Warlords Mount Massive Vote Fraud Scheme Afghan panel finds vote fraud
charges serious Afghan challenger Abdullah says polls rigged... Afghan
President Hamid Karzai’s main challenger said on Sunday he had evidence last
week’s election had been widely rigged by the incumbent and that he had
lodged more than 100 complaints. Comment
on: Flu Strategists See Schools on Front Line at 8/24/2009 5:55 AM EDT List of
Dead Scientists Steve Quayle | Microbiologists, chemists, and other
scientists connected to biological weapons are showing up dead in alarming
numbers. http://www.albertpeia.com/listofdeadscientistsquayle2009.htm Comment
on: Iranians Seek Out Abuses By U.S. at 8/24/2009 5:47 AM EDT H.R. 645
and The FEMA Concentration Camps Byron Tripp | Ladies and Gentlemen, there is
a plan that is in place to be executed by the Federals to lock down the
cities and towns across our land and to begin gun confiscation. Comment
on: Economy Is 'Leveling Out,' Bernanke Says at 8/24/2009 5:38 AM EDT Unemployment
Edges Up to Great Depression Level Kurt Nimmo | A dizzy corporate media tells
us there is now light at the end of the tunnel. Comment
on: Karzai Opponent Alleges 'Widespread' Voter Fraud
at 8/24/2009 5:25 AM EDT Karzai
and Warlords Mount Massive Vote Fraud Scheme Comment
on: Financial Industry Is in Group's Sights at 8/23/2009 8:53 AM EDT The
frauds on wall street have violated a plethora of existing (securities among
other) laws, made fortunes doing so, and should be prosecuted and forced
disgorgement/forfeiture. In the meantime: Comment
on: Financial Industry Is in Group's Sights at 8/23/2009 8:43 AM EDT 13 MARKET
VIEWS FROM SEEKING ALPHA: Comment
on: Economy Is 'Leveling Out,' Bernanke Says at 8/22/2009 1:04 PM EDT BERNANKE
BULL S**T (REMEMBER HIS MANY ‘NO RECESSION’ TALKS TO FROTH THE MARKET AS
NOW). THE FRAUDS ON WALL STREET CARE NOT WHETHER TRUE (NOT!) BUT LOVE THE
TALK POINT FOR PROGRAM TRADE COMMISSIONABLE BUBBLE, AGAIN Comment
on: Commercial Credit Crunch Means We May Not Be Out of
This Yet at 8/21/2009 10:00 AM
EDT SELL /
TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS AND FRAUDULENT
ENVIRONMENT WITH SUCKERS’ RALLY BASED ON WORSE THAN EXPECTED 576,000 NEW
CLAIMS FOR UNEMPLOYMENT, FORECLOSURES UP 13.1% TO HIGHEST LEVEL EVER
RECORDED, B.S. STOCK COMPONENT OF LEADING INDICATORS PROVIDES MEANINGLESS
SLIGHT POSITIVE READING (WHAT BULL S**T, WHAT FRAUDS!) AND CONTINUED BAD NEWS
[ INSIDERS ARE DUMPING STOCK INSIDERS CONTINUE TO SELL, SELL, SELL (AT
SEEKING ALPHA 8/13/09) PAPER: FRESH ALERT ON GLOBAL STOCK MARKETS... US
jobless claims in surprise jump for second week Comment
on: Troubled Mortgages Hit Record High at 8/21/2009 9:35 AM EDT CalPERS
Is Unsustainable Jeff Nielsen Comment
on: Economic Data Continue to Chart Bumpy Road to Recovery
at 8/21/2009 9:22 AM EDT WHY DO
EQUITY MARKETS DISAGREE WITH THE DATA? Adam Hayes Comment
on: Troubled Mortgages Hit Record High at 8/21/2009 9:22 AM EDT WHY DO
EQUITY MARKETS DISAGREE WITH THE DATA? Adam Hayes Comment
on: Troubled Mortgages Hit Record High at 8/21/2009 9:17 AM EDT WHY DO
EQUITY MARKETS DISAGREE WITH THE DATA? Adam Hayes Comment
on: Troubled Mortgages Hit Record High at 8/21/2009 9:13 AM EDT WHY DO
EQUITY MARKETS DISAGREE WITH THE DATA? Adam Hayes Comment
on: Master of the Economy at 8/21/2009 8:56 AM EDT This
Depression is just beginning You read that right! Only $400 billion of that
fantastic 6 month “green shoots” stock market rally came from money market
accounts. The rest ($2.3 trillion) was laundered through the banks and other
financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming
Sooner than you think Back in the Great Depression of 1929 through the
1930’s, we saw a similar Zig-zag pattern. There was a crash in 1929, followed
by a nice rally, but then the most devastating part of the market collapse
followed into the 1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which
is demonstrating this recession is over. Some may be at the bottom, others
have a way to go… An Artifical Recovery [$$] Why I Went Fully Into Cash Comment
on: Stocks Bounce Back as Energy Stocks Rise at 8/20/2009 9:05 AM EDT SELL /
TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS AND FRAUDULENT
ENVIRONMENT AS SUCKERS’ 300%+ RALLY IN THROUGH THE CLOSE IN DEFIANCE OF
REALITY BASED ON HIGHER OIL PRICES ON LOWER INVENTORIES (WHAT BULL S**T, WHAT
FRAUDS!) AND CONTINUED BAD NEWS [INSIDERS ARE DUMPING STOCK INSIDERS CONTINUE
TO SELL, SELL, SELL (AT SEEKING ALPHA 8/13/09) PAPER: FRESH ALERT ON GLOBAL
STOCK MARKETS... Grab Your Shorts, The Correction Has Begun THE SECOND WAVE
OF THE DEPRESSION: HYPERINFLATION IS LIKELY THE FDIC IS BROKE. NOW WHAT?
(PART II) DOLLAR TO DECLINE AMID CONCERN AS IT 'LOSES RESERVE STATUS'...
JOBLESS SPIKE COMPOUNDS FORECLOSURE CRISIS ] PERSONAL & BUSINESS
BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR DOWN, FORECLOSURES UP (32% YOY AND
7% MOM AT NEW RECORD, 50% HOMES UNDERWATER, COMMERCIAL TO FOLLOW), CONFIDENCE
REALISTICALLY DOWN, $100+ OIL AROUND CORNER (2010-HOGAN); CELENTE-DEPRESSION
NOW UNDERWAY Bob Prechter Quite Sure Next Wave Down Will Be Bigger and March
Lows Will Break Gerald Celente 2.5 Million Jobs Lost Since Obama’s Presidency
PAPER: Fresh alert on global stock markets... TO KEEP SUCKERS SUCKERED [
Insiders Continue to Sell, Sell, Sell (at Seeking Alpha – 8/13/09) (7-29-09)
Insiders Selling at Alarming Levels Insiders Exit Shares at the Fastest Pace
in Two Years ] AND COMMISSION DOLLARS FLOWING [Tarp banks award billions in
bonuses... Goldman Sachs on pace for record bonuses: report (Reuters) Cody
Willard: Goldman Sachs Is A Ponzi Scheme, Should Be Punished Accordingly Max
Keiser: Prosecute the Bankster Crime Syndicate The Market's Horoscope:
Downside Correction ! [ Entering the Greatest Depression in History Andrew
Gavin Marshall Comment
on: Derivatives Proposal Is Too Soft, Regulator Says
at 8/20/2009 8:45 AM EDT You sound
rather naive! Yet another law to not be enforced so they can pretend that
they're doing something. I wrote previously "Another analyst previously
pointed out there has been not one prosecution thus far and the frauds on
wall street should be prosecuted and forced disgorgement. … They’ve already
under existing laws committed crimes to the tune of trillions. An analogy
might help: Comment
on: Stocks Rebound After Monday Losses at 8/19/2009 12:28 PM EDT SELL /
TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS AND FRAUDULENT ENVIRONMENT
AS SUCKERS’ RALLY INTO THE CLOSE IN DEFIANCE OF REALITY BASED ON CONTINUED
BAD NEWS [INSIDERS ARE DUMPING STOCK INSIDERS CONTINUE TO SELL, SELL, SELL
(AT SEEKING ALPHA 8/13/09) PAPER: FRESH ALERT ON GLOBAL STOCK MARKETS... THE
SECOND WAVE OF THE DEPRESSION: HYPERINFLATION IS LIKELY THE FDIC IS BROKE.
NOW WHAT? (PART II) DOLLAR TO DECLINE AMID CONCERN AS IT 'LOSES RESERVE
STATUS'... JOBLESS SPIKE COMPOUNDS FORECLOSURE CRISIS STOCKS SLIDE ON ECONOMY
CONCERN WORLD STOCKS, OIL TUMBLE ON U.S. FRAUD EXPOSURE AND CONSUMER WORRIES
Connecticut Not Learning the Right Lessons from California Weekly Market
Outlook: Commercial Real Estate Continues to Deteriorate Retail sales fall,
new jobless claims rise (Reuters) US Home Foreclosures Set Another Record in
July Colonial BancGroup shut down by federal officials (largest bank failure
this year) (AP) Economist: Claim that Economy Has Recovered “Is Like Somebody
Borrowing Money from Their Uncle and Then Celebrating that Their Income Has
Gone Up” ] PERSONAL & BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR
DOWN, FORECLOSURES UP (32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES
UNDERWATER, COMMERCIAL TO FOLLOW), CONFIDENCE REALISTICALLY DOWN, $100+ OIL
AROUND CORNER (2010-HOGAN); CELENTE-DEPRESSION NOW UNDERWAY Bob Prechter
Quite Sure Next Wave Down Will Be Bigger and March Lows Will Break Gerald
Celente 2.5 Million Jobs Lost Since Obama’s Presidency PAPER: Fresh alert on
global stock markets... TO KEEP SUCKERS SUCKERED [ Insiders Continue to Sell,
Sell, Sell (at Seeking Alpha – 8/13/09) (7-29-09) Insiders Selling at
Alarming Levels Insiders Exit Shares at the Fastest Pace in Two Years ] AND
COMMISSION DOLLARS FLOWING [Tarp banks award billions in bonuses... Goldman
Sachs on pace for record bonuses: report (Reuters) Cody Willard: Goldman
Sachs Is A Ponzi Scheme, Should Be Punished Accordingly Max Keiser: Prosecute
the Bankster Crime Syndicate The Market's Horoscope: Downside Correction ! [
Entering the Greatest Depression in History Andrew Gavin Marshall | The
crisis has many bubbles, all of which dwarf the housing bubble burst of 2008.
Comment
on: Howard Kurtz Discusses the Death of Robert Novak and
Analyzes the Media at 8/19/2009
12:02 PM EDT The
following blog entry appeared courtesy of Stocksmurf: Comment
on: Schwab Targeted in Cuomo Lawsuit at 8/19/2009 11:44 AM EDT What
about starting with the massive domestic frauds! Comment
on: For American Who Blew Whistle, Only Reward May Be a
Jail Sentence at 8/19/2009 11:35
AM EDT What about starting with the massive domestic frauds
worth far more to the treasury in dollar and prospective deterrence! Comment
on: Schwab Targeted in Cuomo Lawsuit at 8/19/2009 11:28 AM EDT You don’t
see cuomo prosecuting mafia or the local (nyc) perps who caused the meltdown;
too close to home. Pick on the little out-of-state non-player. The feds are
in that same preposterous camp. What a joke! What a bunch of jokers! How
corrupt! Comment
on: Tishman Said To Seek New Loan Terms on D.C. Properties
at 8/19/2009 11:18 AM EDT Weekly
Market Outlook: Commercial Real Estate Continues to Deteriorate Comment
on: Netanyahu's Defiance of U.S. Resonates at Home
at 8/19/2009 11:11 AM EDT Israel rejects US call to halt Jerusalem project (AP) -
AP - Israel on Sunday rejected a U.S. demand to suspend a planned housing
project in east Jerusalem, threatening to further complicate an unusually
tense standoff with its strongest ally over settleme... Netanyahu defies U.S.
on East Jerusalem settlement (Reuters) - Reuters - Prime Minister Benjamin
Netanyahu, saying he would not take orders over Israeli settlement in East
Jerusalem, rejected on Sunday a U.S. demand to halt plans to build more homes
for Jews in t... Israel rejects US demand to halt east Jerusalem project
(AFP) Comment
on: Executive Openings Filled at Freddie Mac at 8/19/2009 11:04 AM EDT The FDIC
Is Broke. Now What? (Part II) Insiders Are Dumping Stock Dollar to Decline
Amid Concern It 'May Lose Reserve Status'... Jobless spike compounds
foreclosure crisis Comment
on: Stocks Rebound After Monday Losses at 8/19/2009 10:59 AM EDT Insiders
Are Dumping Stock Comment
on: Home Construction Rises Again, but Other Data Are Mixed
at 8/19/2009 10:43 AM EDT SELL /
TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS AND FRAUDULENT
ENVIRONMENT AS SUCKERS’ RALLY INTO THE CLOSE IN DEFIANCE OF REALITY BASED ON
CONTINUED BAD NEWS [INSIDERS ARE DUMPING STOCK INSIDERS CONTINUE TO SELL,
SELL, SELL (AT SEEKING ALPHA 8/13/09) PAPER: FRESH ALERT ON GLOBAL STOCK
MARKETS... THE SECOND WAVE OF THE DEPRESSION: HYPERINFLATION IS LIKELY THE
FDIC IS BROKE. NOW WHAT? (PART II) DOLLAR TO DECLINE AMID CONCERN AS IT
'LOSES RESERVE STATUS'... JOBLESS SPIKE COMPOUNDS FORECLOSURE CRISIS STOCKS
SLIDE ON ECONOMY CONCERN WORLD STOCKS, OIL TUMBLE ON U.S. FRAUD EXPOSURE AND
CONSUMER WORRIES Connecticut Not Learning the Right Lessons from California
Weekly Market Outlook: Commercial Real Estate Continues to Deteriorate Retail
sales fall, new jobless claims rise (Reuters) US Home Foreclosures Set
Another Record in July Colonial BancGroup shut down by federal officials
(largest bank failure this year) (AP) Economist: Claim that Economy Has
Recovered “Is Like Somebody Borrowing Money from Their Uncle and Then
Celebrating that Their Income Has Gone Up” ] PERSONAL & BUSINESS
BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR DOWN, FORECLOSURES UP (32% YOY AND
7% MOM AT NEW RECORD, 50% HOMES UNDERWATER, COMMERCIAL TO FOLLOW), CONFIDENCE
REALISTICALLY DOWN, $100+ OIL AROUND CORNER (2010-HOGAN); CELENTE-DEPRESSION
NOW UNDERWAY Bob Prechter Quite Sure Next Wave Down Will Be Bigger and March
Lows Will Break Gerald Celente 2.5 Million Jobs Lost Since Obama’s Presidency
PAPER: Fresh alert on global stock markets... TO KEEP SUCKERS SUCKERED [
Insiders Continue to Sell, Sell, Sell (at Seeking Alpha – 8/13/09) (7-29-09)
Insiders Selling at Alarming Levels Insiders Exit Shares at the Fastest Pace
in Two Years ] AND COMMISSION DOLLARS FLOWING [Tarp banks award billions in
bonuses... Goldman Sachs on pace for record bonuses: report (Reuters) Cody
Willard: Goldman Sachs Is A Ponzi Scheme, Should Be Punished Accordingly Max
Keiser: Prosecute the Bankster Crime Syndicate The Market's Horoscope:
Downside Correction ! [ Entering the Greatest Depression in History Andrew
Gavin Marshall | The crisis has many bubbles, all of which dwarf the housing
bubble burst of 2008. Comment
on: Unemployment Spike Compounds Foreclosure Crisis
at 8/18/2009 9:06 AM EDT What
Economy? There’s Nothing Left to Recover There is no economy left to recover.
The US manufacturing economy was lost to offshoring and free trade ideology.
It was replaced by a mythical “New Economy “ ; less bad, not as bad as
expected…riiiiight!, tarp money for the commission frauds on wall street in
new manufactured bubble as actual/real manufacturing down again; consumer
confidence down, commercial loans begin default phase of downturn, 6.9
million continuing unemployment claims for new record; retail sales down
sharply Comment
on: A Message for Mubarak at 8/17/2009 9:33 AM EDT The West
behind Iran unrest, Ahmadinejad says Comment
on: More Crises Needed? at 8/17/2009 9:07 AM EDT This Depression
is just beginning You read that right! Only $400 billion of that fantastic 6
month “green shoots” stock market rally came from money market accounts. The
rest ($2.3 trillion) was laundered through the banks and other financial
institutions to create the appearance of recovery and to raise equity for
underwater banks rather than forcing them into receivership (which is where
they belong) Bernanke probably knew that congress wouldn’t approve another
TARP-type bailout for dodgy mortgage-backed assets, so he settled on this
shifty plan instead. The only problem is, the banks are still broke, business
investment is at historic lows, consumers are on the ropes, the unemployment
lines are swelling, the homeless shelters are bulging, the pawn shops are bustling,
tent cities are sprouting up everywhere, and according to MarketWatch,
Corporate insiders have recently been selling their companies’ shares at a
greater pace than at any time since the top of the bull market in the fall of
2007.” Face it; the economy is in the crapper and Bernanke’s trickery hasn’t
done a lick of good. The Next Wave of Collapse is Coming Sooner than you
think Back in the Great Depression of 1929 through the 1930’s, we saw a
similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since 1932... The Great
Depression Two Continues There is no coincident data which is demonstrating
this recession is over. Some may be at the bottom, others have a way to go…
An Artifical Recovery [$$] Why I Went Fully Into Cash Comment
on: Will U.S. Recovery Go Global? at 8/17/2009 9:00 AM EDT What
Recovery? What Economy? There’s Nothing Left to Recover There is no economy
left to recover. The US manufacturing economy was lost to offshoring and free
trade ideology. It was replaced by a mythical “New Economy “ ; less bad, not
as bad as expected…riiiiight!, tarp money for the commission frauds on wall
street in new manufactured bubble as actual/real manufacturing down again;
consumer confidence down, commercial loans begin default phase of downturn,
6.9 million continuing unemployment claims for new record; retail sales down
sharply Comment
on: Japan Joins Recent Wave Of Economic Expansion
at 8/17/2009 8:55 AM EDT Equity
Market: Things Look Ugly for the Bulls Cam Hui…Given some of my recent warnings
about the equity market (see here and here), these additional data points are
more indications of the precarious state of the US equity market… Comment
on: The Signs Don't Point To a Typical Recovery at 8/17/2009 8:51 AM EDT Will
'Self-Preservation' Work After Decades of Fiscal Suicide? Jeff Nielson Comment
on: Stocks Finish the Week Down as Reports Dull Optimism
at 8/16/2009 9:23 AM EDT They're
asking if this "recession" is ending in another part of this site.
Does it seem like it's ending? Does it seem like any "recession"
you can remember? Comment
on: Obama Pushes Insurance Reforms at 8/15/2009 12:02 PM EDT Obama Approval Rating Sinks To Lowest Ever The Pentagon
Wants Authority to Post Almost 400,000 Military Personnel in U.S.
Ex-employees claim Blackwater pimped out young Iraqi girls Blackwater Founder
Implicated in Murder Iraq Contractor KBR Cited By Oversight Commission
Attacks Against Iran Intensify Comment
on: Stocks Finish the Week Down as Reports Dull Optimism
at 8/15/2009 11:52 AM EDT SELL /
TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS AND FRAUDULENT
ENVIRONMENT AS SUCKERS’ RALLY INTO THE CLOSE TO FINISH WELL OFF LOWS BASED ON
WORSE THAN EXPECTED NEWS [ Insiders Continue to Sell, Sell, Sell (at Seeking
Alpha 8/13/09) PAPER: Fresh alert on global stock markets... Retail sales
fall, new jobless claims rise (Reuters) US Home Foreclosures Set Another
Record in July Colonial BancGroup shut down by federal officials (largest
bank failure this year) (AP) Economist: Claim that Economy Has Recovered “Is
Like Somebody Borrowing Money from Their Uncle and Then Celebrating that
Their Income Has Gone Up” ] PERSONAL & BUSINESS BANKRUPTCIES UP,
WORTHLESS WEIMAR DOLLAR DOWN, FORECLOSURES UP (32% YOY AND 7% MOM AT NEW
RECORD, 50% HOMES UNDERWATER, COMMERCIAL TO FOLLOW), CONFIDENCE REALISTICALLY
DOWN, $100+ OIL AROUND CORNER (2010-HOGAN); CELENTE-DEPRESSION NOW UNDERWAY
Bob Prechter Quite Sure Next Wave Down Will Be Bigger and March Lows Will
Break Comment
on: Personal Bankruptcy Surges 34 Percent at 8/14/2009 9:22 AM EDT PAPER: FRESH
ALERT ON GLOBAL STOCK MARKETS... RBS uber-bear issues fresh alert on global
stock markets Three-month slide could hit record lows, Royal Bank of Scotland
chief credit strategist Bob Janjuah predicts. By Ambrose Evans-Pritchard,
International Business Editor Comment
on: Iran Exiles Accuse U.S. Of Ignoring Its Pledges
at 8/14/2009 9:12 AM EDT Israel killed
Gazans waving white flags GAZA CITY: New York-based Human Rights Watch (HRW)
said in a reported on Thursday that Israeli soldiers killed 11 Palestinian
civilians, including five women and four children, waving white flags
during... Comment
on: Gates: No Troop Request In Afghanistan Review
at 8/14/2009 9:07 AM EDT Eisenhower’s
admonition regarding the military industrial complex Comment
on: France, Germany Fend Off Recession at 8/14/2009 9:03 AM EDT PAPER: FRESH
ALERT ON GLOBAL STOCK MARKETS... RBS uber-bear issues fresh alert on global
stock markets Three-month slide could hit record lows, Royal Bank of Scotland
chief credit strategist Bob Janjuah predicts. By Ambrose Evans-Pritchard,
International Business Editor Comment
on: France, Germany Fend Off Recession at 8/14/2009 8:55 AM EDT PAPER: FRESH ALERT ON GLOBAL STOCK MARKETS... RBS
uber-bear issues fresh alert on global stock markets Three-month slide could
hit record lows, Royal Bank of Scotland chief credit strategist Bob Janjuah
predicts. By Ambrose Evans-Pritchard, International Business Editor Comment
on: At Town Hall, A Turning Point? at 8/13/2009 9:48 AM EDT Specter
invokes that old “silent majority trick” Comment
on: Fed Starts Rollback Of Rescue Efforts at 8/13/2009 9:29 AM EDT Rescue?
Rescue who and what? The bonuses in the billions for the perps of the
trillions dollar fraud? Comment
on: What They're Really Arguing About at 8/12/2009 9:27 AM EDT DRUDGEREPORT:
PAGLIA: PELOSI MUST GO... Comment
on: Specter Faces Raucous Crowd at Town Hall Meeting
at 8/12/2009 9:20 AM EDT Comment
on: Obama Faces 'Scare Tactics' Head-On at 8/12/2009 9:10 AM EDT Obama Caught Lying Again, Making Back Room Deals with
Pharmaceutical Lobbyists Comment
on: Bill Proposed to Regulate Derivatives Trade at 8/12/2009 9:00 AM EDT What about prosecution under existing and very
applicable laws? Comment
on: Bubble or Bounce, Tech Is Soaring at 8/11/2009 9:10 AM EDT They love
to sell the sizzle of tech because few people really understand it; and, as
in the last dot.com bust, the burn is coming! Comment
on: Stimulus Funds Bring Relief to States, but What About
2010? at 8/11/2009 9:01 AM EDT In
addition to no income to tax, tax revolts are predicted in part owing to
bailout frauds. See trendsresearch.com Comment
on: Study to Seek Clues to Soldier Suicides at 8/10/2009 7:42 AM EDT Yes!
Fighting for israel and war profiteers is enough to make anyone crazy! Comment
on: Iranian Officials Call for Arrest of Opposition Leaders
at 8/10/2009 7:31 AM EDT How
Israel lobby controls US IN the early 1960s, Sen. William J. Fulbright fought
to force the American Zionist Council to register as agents of a foreign
government. The council eluded registration by reorganizing as the American... Comment
on: Championing the Status Quo at 8/10/2009 7:17 AM EDT Harry
Dent, Jr. Comment
on: Meet the Geniuses Who Lost Our Money at 8/9/2009 9:56 AM EDT I agree that they belong in jail and so does Max Kaiser
- they're doing it again! Comment
on: Meet the Geniuses Who Lost Our Money at 8/9/2009 9:43 AM EDT ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT! [ Entering the Greatest Depression
in History Andrew Gavin Marshall | The crisis has many bubbles, all of which
dwarf the housing bubble burst of 2008. Geithner asks Congress for higher
U.S. debt limit U.S. regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars This Depression is just beginning The Next Wave of
Collapse is Coming Sooner than you think Back in the Great Depression of 1929
through the 1930’s, we saw a similar Zig-zag pattern. There was a crash in
1929, followed by a nice rally, but then the most devastating part of the
market collapse followed into the 1930’s. Feds Hit With Biggest Tax Revenue
Drop Since 1932... The Great Depression Two Continues There is no coincident
data which is demonstrating this recession is over. Some may be at the
bottom, others have a way to go… An Artifical Recovery [$$] Why I Went Fully
Into Cash A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Most of the enthusiasm comes from another string of corporate
quarterly results which “beat expectations”. I had hoped that the sheep were
starting to clue-in to this silly game, however it appears there is a still a
large pack of Pavlov's Dogs out there – who respond to their propaganda cues
without a moment of actual thought. The truth is that all of the companies
“beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud
was legalized in the United States (see “FASB strong-armed into
mark-to-fantasy accounting”), their bottom-lines have had absolutely no
connection to their business operations… The Real Economy Versus the
Make-Believe World of the Government and Financial Giants In the real
economy, unemployment is at Depression-era levels. Top firms' pension funds
plummet Consumer bankruptcies jump 34% Nine Of Ten Sectors Overbought This
Depression is just beginning US companies axe 371,000 jobs in July Half of
U.S. mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Comment
on: Will 401(k)s Wither Without Employer Match? at 8/9/2009 9:12 AM EDT ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS
AND FRAUDULENT ENVIRONMENT! [ Entering the Greatest Depression in History
Andrew Gavin Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks Congress for higher U.S. debt
limit U.S. regulators close 3 banks, total now 72 US deficit climbs to 1.3
trillion dollars This Depression is just beginning The Next Wave of Collapse
is Coming Sooner than you think Back in the Great Depression of 1929 through
the 1930’s, we saw a similar Zig-zag pattern. There was a crash in 1929,
followed by a nice rally, but then the most devastating part of the market
collapse followed into the 1930’s. Feds Hit With Biggest Tax Revenue Drop
Since 1932... The Great Depression Two Continues There is no coincident data
which is demonstrating this recession is over. Some may be at the bottom,
others have a way to go… An Artifical Recovery [$$] Why I Went Fully Into
Cash A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Most of the enthusiasm comes from another string of corporate
quarterly results which “beat expectations”. I had hoped that the sheep were
starting to clue-in to this silly game, however it appears there is a still a
large pack of Pavlov's Dogs out there – who respond to their propaganda cues
without a moment of actual thought. The truth is that all of the companies
“beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud
was legalized in the United States (see “FASB strong-armed into
mark-to-fantasy accounting”), their bottom-lines have had absolutely no connection
to their business operations… The Real Economy Versus the Make-Believe World
of the Government and Financial Giants In the real economy, unemployment is
at Depression-era levels. Top firms' pension funds plummet Consumer
bankruptcies jump 34% Nine Of Ten Sectors Overbought This Depression is just
beginning US companies axe 371,000 jobs in July Half of U.S. mortgages seen
underwater by 2011... Recovery ‘not in sight’ says BMW Comment
on: Recovery Still Depends On Bold Actions, Officials Say
at 5/9/2009 9:35 AM EDT The Economy
Will Not Recover Until The Perpetrators Of Our Crises Are Held Accountable Comment
on: Afghan Civilian Deaths Present U.S. With Strategic
Problem at 5/8/2009 8:28 AM EDT Editorial:
Slaughter first, then apologize It is simply not good enough for US Secretary
of State Hillary Clinton to “deeply” regret the slaying this week of over 100
innocent Afghan civilians, including some 20 children, near Farah in
western... US blitz kills 100 Afghan Civilians Comment
on: N.Y. Fed Chairman Resigns at 5/8/2009 8:24 AM EDT U.S. banks race to fill $74.6 billion stress test hole
NY Fed chair resigns amid stock purchase questions and while they’re at it
ask him and tiny tim geithner about the missing $4 trillion at the N.Y. fed
bank among other things BofA needs $33.9 billion, eyes stock and asset sales
Cyberbullying Bill Not About Protecting Kids, It is About Shutting Down the
Opposition Rupert Murdoch: “Internet Will Soon Be Over – in his wet dreams
along with presidents hillary, rudy, and mccain – must be ancestral flashbacks
to the penal colony days in australia” Taking on the banking cabal Looking
Back on the Greatest Depression 401(k)s Hit by Withdrawal Freezes Taleb:
Global Crisis “Vastly Worse” Than 1930s, Buy Gold and Copper Dollar Hovering
at Cliff’s Edge Group names 25 lenders responsible for economic meltdown $58:
Oil prices jump to new six-month high... GM posts $6 billion loss for first
quarter... Betrayal of the People By Wall Street, Banks, and Government
FLASH: Treasury Borrows Record $361 Billion for 2nd Quarter... The Great
Geithner Coverup Obama Maintains His Perfect Batting Average for Appointing
Failed Insiders to Key Economic Posts Secretary of Labor Reich: Unemployment
Numbers Show We’re Already In a Depression Comment
on: Bernanke Favored Rate Cuts Tied to Bubble at 5/8/2009 8:20 AM EDT Looking at the Greatest Depression [Celente:
trendsresearch.com ]…Many financial analysts no less “expert” than those
pushing through the bailouts were convinced that allowing the credit markets
to seize up would, in the long run, prove far less costly than endlessly
printing money and pouring it down a plush-lined sink hole. Buffett was
wrong. It wasn’t a “war” at all. It was a criminal case, or should have been,
but the accused took a financial Fifth Amendment – the right to remain
silent, since any statement made could be used as evidence against them – and
got away with it. When, at a hearing before the Senate Budget Committee, Fed
Chairman Ben Bernanke was asked, “Will you tell the American people to whom
you gave $2.2 trillion of their dollars?” He answered, “No.” Comment
on: Joint Probe Planned Of Deadly U.S. Strike In West
Afghanistan at 5/7/2009 9:04 AM
EDT US blitz
kills 100 Afghan Civilians UN blasts Israel for school attack Israeli troops
kill Palestinian at West Bank shrine (Reuters) - Methinks I see a pattern! Comment
on: Stress Test Finds Strength in Banks at 5/7/2009 8:59 AM EDT Bad but
better than expected fake job numbers...riiiiight! Bad but better than
expected...etc.riiiiight! Comment
on: Bush Officials Try to Alter Ethics Report at 5/6/2009 9:11 AM EDT FBI
E-Mail Says Bush Authorized Abuse of Iraqis | FBI agents claimed in an e-mail
that Bush signed an executive order approving the use of military dogs, sleep
deprivation and other harsh tactics to intimidate Iraqi detainees. Torture
memo authors unlikely to be prosecuted Comment
on: U.N. Inquiry Finds Israel Purposely Fired on School in
Gaza at 5/6/2009 9:07 AM EDT War
crimes, illegal nukes, etc. - Time to get tough with israel! Comment
on: Bank Tests Yield Early Progress at 5/6/2009 8:59 AM EDT One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so
in some respects I will keep repeating myself until either other people wake
up to this reality or something changes to wake me up. The markets were down
a bit yesterday and, according to Bloomberg, they were down due to fears of
the stress test results. I don't fear them; I fear what they hide. I fear
that a reported 10 out of 19 banks failed when the tests were not at all
stringent enough. I fear that the government will soft-pedal the results to
make them bad enough to have a tad of credibility but not so bad that people
run for the exits. Don't buy my word for it, others are saying the same,
including Nouriel Roubini. Nouriel has been complaining for weeks on how the
worst case scenario in the stress tests is already rosier than reality.’ Comment
on: Buffett Praises U.S. Decisions on Economy at 5/3/2009 7:56 AM EDT The
Economic Pain Ain't Over Yet ‘Bottom line - the government is doing
absolutely the wrong thing. They are supporting those that created this mess
(with significant moral hazard) to prompt more credit when the root of our
problems is too much credit. We need to flush the system and get rid of the
credit spending but instead we are pushing for a new bubble. At best, if it
works, we are kicking the problem down the street. Not a good plan - not at
all!! The other day I mentioned I do not like Geithner or Summers. … If you
like Summers and Geithner, please take the time to read up on them. They are
insiders on the banks we are supporting with obscene amounts of money, which
makes me sick. These people need a public flogging, not taxpayer support.’ Comment
on: In the Workplace, Awaiting Guidance on How to Counter
Flu at 5/3/2009 7:52 AM EDT Comment
on: U.N. Finds 60,000 Palestinians Risk Eviction in East
Jerusalem at 5/3/2009 7:21 AM EDT
Time to
hold Israelis to international law re: war crimes, nukes, killings Comment
on: U.S. Workers' Wages Stagnate As Firms Rush to Slash
Costs at 5/3/2009 7:15 AM EDT Buffett
dispenses gloom at Berkshire-clear is the reason he’s been shilling stocks Comment
on: Sleuthing Swine Flu at 5/3/2009 6:44 AM EDT Comment
on: U.S. Workers' Wages Stagnate As Firms Rush to Slash
Costs at 5/3/2009 6:41 AM EDT Comment
on: Detroit's CEO in Chief at 5/2/2009 7:58 AM EDT Come on!
obama's an empty suit who has never done anything of substance in his life
and the product of the notoriously corrupt chicago political machine. Comment
on: How Madoff Became an Equal Opportunity Thief
at 5/2/2009 7:35 AM EDT While
madoff is a typical slime ball who should be prosecuted to the fullest extent
of the law, he is also typical of the multi-trillion dollar securities fraud
by the fraudsters on wall street outrageously being underwritten/guaranteed
by the taxpayers. obama and holder have been empty suits thus far inasmuch as
there has been as yet not even one prosecution! Yet a new bubble for new
commissionable frauds is being encouraged. Preposterous! Comment
on: All Eyes Turn to GM And Its Bondholders at 5/2/2009 7:20 AM EDT While GM et als warrant attention, let us not kid
ourselves. As a nation america is bankrupt in every way! Comment
on: Stocks Up Despite News of First-Quarter Contraction
at 5/2/2009 7:09 AM EDT This is a status report on the health of America’s
Social Security and Medicare system. The conclusions contained in this report
should come as no surprise. The system is bankrupt. It is just a matter of
time. The magnitude of the problem is enormous. The Trustees estimate that
the present value of the unfunded portion is $13.6 trillion. It is virtually
certain that unless the imbalances are addressed in the near future, the U.S.
Legacy Costs will destroy our economy. Comment
on: Ever-Changing Virus Challenges Drugmakers at 5/2/2009 6:25 AM EDT (5-2-09)Even
the Most Minimal of Precautions to Protect americans from such as the Swine
Flu Would Necessarily Require Sealing the Border With mexico Which Would
Accomplish Much, Much More! Comment
on: Obama Emphasizes Sharp Departures From Bush Policies
at 4/30/2009 4:45 AM EDT Paul
Craig Roberts: “America is no longer ruled by the law” Russia Today |
Reviewing his policy, the election honeymoon was not that sweet to begin with
and many in the US seem disappointed. Prominent economist Paul Craig Roberts
is among those. Comment
on: Deaths in U.S. Raid Elicit Anger in Iraq at 4/27/2009 7:49 AM EDT War Crimes and Flawed Policy has destroyed a nation and bankrupted
the transgressor (america) Comment
on: In 2002, Military Agency Warned Against 'Torture'
at 4/27/2009 6:59 AM EDT CIA Ludicrously Claims Torture Prevented Debunked L.A.
Terror Plot As the controversy surrounding revelations of the Bush
administration’s torture program builds, the CIA has attempted to diffuse the
furore by claiming that the torture of Khalid Sheik Mohammed prevented a
terror attack on an L.A. skyscraper, a completely ludicrous assertion since
the credibility of the alleged “L.A. attack plot” was debunked by scores of
intelligence http://www.infowars.com Comment
on: With Stress Test Results in Hand, Banks May Need to
Boost Capital at 4/27/2009 6:21
AM EDT Four more
banks closed by regulators, this years closures exceeding all of 2008 as
depression continues John Letzing, MarketWatch April 24, 2009 SAN FRANCISCO
(MarketWatch) -- Four banks in Georgia, Michigan, California and Idaho were
closed by regulators Friday, costing the Federal Deposit Insurance Corp.'s
deposit insurance fund nearly $700 million as the effects of the credit crisis
continued rippling throughout the U.S. economy. Kennesaw, Ga.-based American
Southern Bank marked the 26th bank failure of the year and the fifth in the
state of Georgia, the FDIC said. Farmington Hills, Mich.-based Michigan
Heritage Bank then became the 27th failure of 2009, followed by the closure
of Calabasas, Ca.-based First Bank of Beverly Hills. Alpharetta, Ga.-based
Bank of North Georgia has agreed to assume American Southern Bank's deposits,
the FDIC said in a statement… Forum
Post: Cautious Spending/Giving In Depression Is Most Prudent
Course at 4/4/2009 8:38 AM EDT Harry
Dent, Jr. Economy will be in a Depression by 2011The worst of this next
depression is likely to hit between mid-2010 and mid-2013, especially around
early 2011, but if the banking system continues to implode a deep downturn or
depression could begin sometime in 2009 instead of 2010.Dow will Fall to
3,800 – 4,500 by 2012Nasdaq will Fall Below 1,100, its 2002 low, by late 2010
or mid-2012 at the latest.Inflation will Increase until mid- 2010 and then
turn to DeflationInterest Rates will IncreaseU.S. Dollar will DeclineHousing
will Decline by 40 – 60% from Today’s LevelsGreatest Economic and Banking
Crisis since the 1930s will Occur Between 2010 and 2012http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com http://www.albertpeia.com/alresume65393.htmRussell
Napier is the author of the book “Anatomy of the Bear”, a professor at the Edinburgh
Business School and a consultant to CLSA Ltd. which is one of the top
research houses in Asia. Napier’s research indicates (and I paraphrase)
that:The S&P 500 will Decline to 400 by 2014 (the Dow 30 to 3800) The
S&P 500 will then undergo a major crash that will see U.S. equity prices
bottom at almost 50% below current levels (i.e. to 400 or less; the Dow 30 to
3800 or less) sometime around 2014 as Tobin’s “q” drops to 0.3 signaling the
end of the bear market, as it has done at the end of the four largest U.S.
market declines in 1921, 1932, 1949 and 1982. U.S. Treasury Sales Could
Collapse Leading to End of U.S. Dollar as Reserve
Currencyhttp://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htmRobert R. Prechter Jr. is author
of a number of newsletters and books including “Elliott Wave Principle”
(1978) in which he predicted the super bull market of the 1980s; “At the
Crest of the Tidal Wave – A Forecast of the Great Bear Market” (1995) in
which he predicted a slow motion economic earthquake, brought about by a
great asset mania, that would register 11 on the financial Richter scale
causing a collapse of historic proportions; and “Conquer the Crash: You can
Survive and Prosper in a Deflationary Depression” (2002) in which he
described the economic cataclysm that we are just beginning to experience and
advised how to position one’s self financially during that period of
time.Depression is Imminent The Dow Jones Industrial Average will go down to
at least 1000, most likely to below 777 which was the starting point of its
mania back in August 1982, and quite likely drop below 400 at one or more
times during the bear market.http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com http://www.albertpeia.com/alresume65393.htm Forum
Post: The Obama Deception at 4/4/2009 8:33 AM EDT Barack
Obama: The Naked Emperor Shocking but true revelations from David Icke (a
must read) | Vast numbers of people across the world, including many who
should know better, have been duped by the mind-game called Operation
Obama.…. (excerpts) Obama has been the chosen one for a long time, a fact
known only to a few in the deep inner circle, and his relationship with
Brzezinski almost certainly goes back to the start of the 1980s when he
attended the Ivy League, and big-time Illuminati, Columbia University where
Brzezinski was head of the Institute for Communist Affairs. Obama simply will
not talk in any detail about this period. He has been covertly funded and
supported ever since by the Trilateral Commission and its network of
foundations connecting into the Ford Foundation, for whom Obama’s mother
worked. And a question: Does anyone really believe that someone, a ‘man of
the people’, would simply appear from apparently nowhere to run the slickest
and best-funded presidential campaign in American history? He was chosen long
ago by those who wish to enslave the very people that Obama says he wants to
’set free’. The sources of Obama funding read like a Wall Street Who’s Who -
Goldman Sachs, UBS, Citigroup, Credit Suisse, Deutsche Bank, J.P. Morgan
Chase, Morgan Stanley, and so on. No wonder he went back on his pledge to
accept the limitations of public funding for his campaign and instead took
the no-limit option of ‘private’ funding…Then there is the Jewish financier,
George Soros, the multi-billionaire associate of Brzezinski and closely
involved with the funding and marketing of Obama. Soros is a former board
member of the Illuminati’s Council on Foreign Relations and funds the
European Council on Foreign Relations. In short, he is a major insider… You
can certainly see the Soros/Brzezinski techniques in the Obama ‘revolution’
in the United States. It was the complex and secretive network of Soros
foundations and organisations, connected to the intelligence agencies of the
US and Israel, that trained and funded students in the Ukraine, Georgia and
elsewhere in the art of mass protest and overthrowing governments. These
manufactured protests were sold to the world as ‘peoples’ revolutions’, but
it just so happened that when they were over and the old regime was removed
the new leaders were those waiting in the wings all along - the puppets of
Soros, Brzezinski and their associated networks. Obama is just more of the
same, a big smile with strings attached, and controlled completely by the
Illuminati networks that chose him, trained him, sold him and provided his
record funding. It was they who kept his many skeletons under wraps, like the
gay sex and crack cocaine allegations of Larry Sinclair (from affidavit: 1. Who
is Ron Allen that claims to be with your Presidential camp, who is alleged to
claim that someone claiming to represent me called asking for $100,000, to
keep me from coming forward about our (Obama and I) November 1999 encounter
of sex and cocaine use?…), and they will continue to do so as long as he
jumps to their bidding. Obama is just another Banksters’ moll prostituting
himself for fame and power, and that’s why he supported the grotesque
bail-out of the banking system and why he will always put their interests
before the people. His financial advisors are straight from the Wall Street
‘A’ list, including Paul Adolph Volker (Trilateral Commission, Council on
Foreign Relations, Bilderberg Group), the head of the Federal Reserve from
1979 to 1987 and Illuminati to his fingertips. Obama has made him head of the
Economic Recovery Advisory Board, which is dominated by insiders, including
its staff director and chief economist, Austan Goolsbee, a close Obama
associate from the University of Chicago. Goolsbee is an initiate of the
infamous Illuminati Skull and Bones Society at Yale University, which also
includes Boy and Father Bush. It was Goolsbee who told the Canadian
government not to worry about Obama’s attacks on the economic effects of
‘free trade’ agreements because his words were just to win votes in the
election campaign. Another Wall Street insider, the Zionist Timothy Geithner
(Bilderberg Group, Trilateral Commission, Council on Foreign Relations), was
appointed by Obama to be his Treasury Secretary. Geithner was the President
of the New York Federal Reserve Bank, the most powerful in the private
‘Federal’ Reserve cartel that masquerades as America’s ‘central bank’, and he
is a former employee of both the Council on Foreign Relations and the appalling
Kissinger Associates. Obama’s Treasury team locks into the inner circle
around the Zionist Robert Rubin, the Director and Senior Counselor of
Citigroup, co-chairman of the Council on Foreign Relations, and economic
advisor to Obama. Rubin, a member of the Illuminati Bilderberg Group, was the
man behind Citigroup’s strategy of expanding its risk in debt markets which
forced it to be rescued by taxpayers’ money. The very people who caused the
financial crisis are being appointed by Obama to decide how to respond to it
(more taxpayers’ money for them and their
friends)…http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm Comment
on: Another Wallop to the Out of Work at 4/4/2009 7:48 AM EDT ANALYST/FUND MANAGER MARC FABER ON WHETHER BEN BERNANKE
HAS REDEEMED HIMSELF AND WHAT THAT MEANS FOR STOCKS: Comment
on: AIG Discloses $75 Billion in Bailout Payments
at 3/16/2009 4:47 AM EDT This
clearly is a suckers' bear market rally to keep the fraud funds/commissions
flowing! Comment
on: 24 Killed, 45 Injured in Bombings and Shootings Across
Iraq at 10/11/2008 8:17 AM EDT I
survived the Georgian war. Here’s what I saw. Lira Tskhovrebova | Do
americans realize that a military trained and equipped by the US government and
israel attacked a civilian population as they slept in their beds? Comment
on: Worst Week Ever: Dow, S& P Each Fall 18%
at 10/11/2008 8:06 AM EDT America’s
Financial Apocalypse Economists Need to Sit Down and Shut Up Mike Stathis | I
can make a very strong case that the U.S. has been in the early stages of a
silent, modest depression for at least two years. Comment
on: As Economic Crisis Continues, Many People Change the
Subject at 10/11/2008 8:01 AM EDT
The
Insanity of the $700 Billion Giveaway Comment
on: Global Markets Fall Despite Reassurances at 10/11/2008 7:55 AM EDT The New
American Century; Cut short by 92 years They call it the Oedipal Effect. By
obsessive neo-con/israeli attempts to create their desired outcomes, they actually
accomplished the opposite. I warned of this. Global Research | The era of
Superpower America is coming to an end. The financial crisis was the last
straw. Comment
on: What Do Terms 'Bubble,' 'Crash' Really Mean?
at 10/11/2008 7:49 AM EDT NOBEL
PRIZE WINNING ECONOMIST: CRISIS AS BAD AS GREAT DEPRESSION OR WORSE Financial
terrorism: US taxpayers bail out Wall Street criminals $4 trillion plus is
missing through U.S. federal agency accounts managed by the NY Fed RICO
Summary under penalty of perjury to the FBI at their request Report confirms
Israel’s nuclear arsenal Roubini: Rate Cuts Temporarily and Minimally Reduce
Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' Billion-Dollar Fund
Manager; Gold To Hit $2,000, Dow To Sink To 5,000 October 10, 2008 Comment
on: Nightmare on Wall Street at 10/11/2008 7:34 AM EDT (10-10-08)
8,451.19 DOW -678.91 1,649.51 NASDAQ +4.39 899.22 S&P –10.70 [CLOSE- OIL
$86.62 (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
$886.51/ SILVER $11.88/ PLATINUM $989/ 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 frauds made money this week on high volume) 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 , 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, ..... Comment
on: Global Credit Crisis Hits Home for Local Businesses and
Customers at 10/11/2008 7:17 AM
EDT (10-10-08)
8,451.19 DOW -678.91 1,649.51 NASDAQ +4.39 899.22 S&P –10.70 [CLOSE- OIL
$86.62 (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
$886.51/ SILVER $11.88/ PLATINUM $989/ 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 frauds made money this week on high volume) 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 , 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: 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) Comment on: Iran a Nuclear Threat, Bush Insists at 3/21/2008 5:19 AM EDT ISRAEL IS THE NUCLEAR THREAT TIN THE REGION/WORLD
Comment on: Inflation Hits the Poor
Hardest at 3/21/2008 4:59 AM EDT ‘No Income Group Is Untouched, but Staples Are Rising Fastest’
WASHINGTON POST
Comment on: Greenspan Stands His
Ground at 3/21/2008 4:42 AM EDT GREENSPAN: "I don't know of a single example of when interest
rate policy has been successful in suppressing gains in asset prices."
Regarding the current turmoil, Greenspan said that a market crisis was
inevitable. "If it weren't the subprime crisis it would have been
something else," he said. That is because an era was ending that had
seen "disinflationary forces" from developing countries such as
China and a "protracted period" in which there was an
"underpricing of risk." ….. RIIIIIGHT, “ENVY OF ALL THE WORLD” ALAN…..ANYTHING
YOU SAY.
Comment on: Privately, Bush Presses
China Over Crackdown on Tibet at 3/21/2008 4:26 AM EDT THE POT (IN IRAQ) RELUCTANT TO CALL THE KETTLE BLACK
Comment on: Rally Fizzles as S& P,
Dow And Nasdaq Fall Back 2% at 3/20/2008 8:15 PM EDT CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY
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http://www.albertpeia.com/alresume65393.htm
By Simon Maierhofer August 27, 2009 …IF THERE IS JUST ONE TIME YOU WANT TO
TAKE A LESSON FROM HISTORY, IT IS RIGHT NOW. THE PARALLELS BETWEEN TODAY AND
THE GREAT DEPRESSION ARE NUMEROUS AND STRIKINGLY SIMILAR. THIS 5-MINUTE
HISTORY LESSON MIGHT BE THE BEST INVESTMENT YOU'LL EVER MAKE.
PART 3
JIM CRAMER - THE MODERN DAY HARVARD PARALLEL?
The Harvard Economic Society, previously esteemed for its pessimism, turned
bullish a few months before the market topped. In fact, the Society remained
bullish all throughout the downturn until it was dissolved just before the
depression ended. One of the many blunders that lead to the untimely (though
not soon enough for investors' welfare) demise of the Society, was its March
24th, 1930 assessment that; 'The outlook is favorable.' This was just days
before the onset of the above mentioned second leg to new lows. The second
leg reduced the Dow by another 47%, but it didn't stop there. There are many
modern-day parallels to the Harvard Economic Society. The Blue Chip Economic
Indicator survey, a survey of private economists, is just one of them.
According to the survey, 90% of economists believe that the current recession
will be declared to have ended this quarter. Nobel-Prize-winning economist
Paul Krugman, who believes the worst of the global crisis is over, is likely
to be another one. Interestingly, economists also believed that in March 2009
the market's worst was yet to come, when the Dow traded below 7,000. Contrary
to the general climate, the ETF Profit Strategy Newsletter's contrarian view
has been keeping subscribers one step ahead of the market.
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http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
MOON ROCK GIVEN BY U.S. PETRIFIED WOOD-APOLLO PROGRAM A FAKE/FRAUD
Fake Dutch 'moon rock' revealed A treasured piece at the Dutch national
museum - a supposed moon rock from the first manned lunar landing - is
nothing more than petrified wood, ...BBC News BBC NEWS | Europe | Fake Dutch
'moon rock' revealed Prized moon rock a fake - A PIECE of moon rock given to
an overseas politician by the United States is actually a lump of petrified
wood, museum authorities revealed yesterday. ... 'Moon Rock' in Dutch Museum
Is Just Petrified Wood Aug 27, 2009 ... Fake moon rock at Dutch national
museum. Rijksmuseum / AP. This rock, supposedly brought back from the moon by
American astronauts, ... http://www.albertpeia.com/moonfraud.htm
In reality it is just a piece of petrified wood. ... The plaque does not
specify that the rock came from the moon's surface. ... Another piece of
evidence that shows again that Apollo program is indeed a fake and a fraud
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http://www.albertpeia.com/alresume65393.htm
Three more banks fail; 2009 total hits 84 The Federal Reserve: Instigating
Crisis Since 1913
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http://www.albertpeia.com/alresume65393.htm
Bill would give president emergency control of Internet Forced vaccinations,
quarantine camps, health care interrogations and mandatory “decontaminations”
Mike Adams | The United States of America is devolving into medical fascism.
Fox News Poll: Majority Think Swine Flu Vaccine Deadlier Than Virus Dictator,
communist, and walking dead man Castro, ‘the opposition killer/jailer’, Calls
Obama Opposition Racist…riiight mr. totalitarian communist, anything you say
Sheehan returns to rebuke Obama 'US not living up to wobama message' ABC
Hypocrisy Over Ad Critical Of Nationalized Healthcare China, ‘the paper
tiger’: US should end naval patrol in China sea
Go to following pages for above links:
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http://www.albertpeia.com/alresume65393.htm
By Simon Maierhofer August 27, 2009 …IF THERE IS JUST ONE TIME YOU WANT TO
TAKE A LESSON FROM HISTORY, IT IS RIGHT NOW. THE PARALLELS BETWEEN TODAY AND
THE GREAT DEPRESSION ARE NUMEROUS AND STRIKINGLY SIMILAR. THIS 5-MINUTE
HISTORY LESSON MIGHT BE THE BEST INVESTMENT YOU'LL EVER MAKE.
PART 2
FROM HUMOROUS TO SOBERING - PARALLELS THAT STING
Did you know that the Great Depression was preceded by a great real estate
boom centered in Florida? The Florida real estate bubble burst in 1926, three
years before equities. Just as we've seen recently, investors took their
leftovers from the real estate bust and poured it into stocks. Talk about
jumping out of the frying pan into the fire. Just as in 2007, no one foresaw
a decline, let alone the seriousness of the decline. On December 4, 1928,
President Coolidge sent the following message on the state of the Union to
the reconvening Congress: 'No Congress of the United States ever assembled,
on surveying the state of the Union, has met with a more pleasing prospect
than that which appears at the present time. In the domestic field there is
tranquility and contentment and the highest record of years of prosperity. In
the foreign field there is peace. You may regard the present with
satisfaction and anticipate the future with optimism.'
SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS AND
FRAUDULENT ENVIRONMENT WITH ONLY EXTREMELY MODEST LOSSES RELATIVE TO REALITY
BASED ON FAKE DATA BETTER THAN EXPECTATIONS MANTRA, EVER MORE WORTHLESS
WEIMAR DOLLAR, INCREASED FORECLOSURE SALES AND BEN (HE STILL HAS A JOB - AS
AMERICANS LOSE THEIRS) BERNANKE BULL S**T (REMEMBER HIS NO RECESSION TALKS,
MANY OF THEM, TO FROTH THE MARKET THEN AS NOW AND HOW MANY SUCKERS’ POINTS TO
THE UPSIDE THEREFROM – WHAT TOTAL BULL S**T, WHAT FRAUDS!) EVEN AS ECONOMIST
KELLNER JOINS THE RATIONAL CROWD SAYING ECONOMY WILL COLLAPSE UNDER ITS OWN
WEIGHT IN 2010 AND CONTINUED BAD NEWS [ INSIDERS ARE DUMPING STOCK INSIDERS
CONTINUE TO SELL, SELL, SELL (AT SEEKING ALPHA 8/13/09) PAPER: FRESH ALERT ON
GLOBAL STOCK MARKETS... The Great Depression and Today - Sobering Parallels
Abound Roubini: “When Governments Reach the Point Where They Are Borrowing to
Pay the Interest on Their Borrowing They Are … Running a Ponzi Scheme”
Economic Collapse: Bank Runs, China, Peter Schiff, Gerald Celente, Max Keiser
Three more banks fail; 2009 total hits 84 Goldman "Trading Huddles"
Expose Fiction of Level Playing Field 1,000 Banks to Fail In Next Two Years
AP sources: $2 trillion higher deficit projected (AP) Judge Orders Fed To
Disclose Who Received Bailout Trillions Zero Hedge Claims that the Federal
Reserve ITSELF Traded Over a Trillion Dollars Worth of Derivatives in March
Alone Geithner: Auditing the Fed is a “line that we don’t want to cross” The
Federal Reserve Must Die “True Deleveraging Has Not Begun Yet Because Losses
of Financial Institutions Have Been Socialized” Obama Predicts Unemployment,
Deficits Far Worse Than Previously Stated... Grim... Official: Real
unemployment rate at 16%... WSJ: Dollar Steadily Losing Influence... Senator
warns of hyperinflation... Failed banks mount; Ga, Ala, and large Texas banks
shut Learn to Love the Depression US jobless claims in surprise jump for
second week WHY DO EQUITY MARKETS DISAGREE WITH THE DATA? Brookings “Experts”
Admit Stimulus a Bust What rebound? Foreclosures rise as jobs and income drop
Fed to Steal State Pension Funds IMF Says You’ll Have to Pay More Taxes The
risk of continuing depression rising CALPERS IS UNSUSTAINABLE What rebound?
Foreclosures rise... Grab Your Shorts, The Correction Has Begun THE SECOND
WAVE OF THE DEPRESSION: HYPERINFLATION IS LIKELY THE FDIC IS BROKE. NOW WHAT?
(PART II) ..] PERSONAL & BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR
DOWN, FORECLOSURES UP (32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES
UNDERWATER, COMMERCIAL TO FOLLOW), CONFIDENCE REALISTICALLY DOWN, $100+ OIL
AROUND CORNER (2010-HOGAN); CELENTE-DEPRESSION NOW UNDERWAY Bob Prechter
Quite Sure Next Wave Down Will Be Bigger and March Lows Will Break Gerald
Celente 2.5 Million Jobs Lost Since Obama’s Presidency PAPER: Fresh alert on
global stock markets... TO KEEP SUCKERS SUCKERED [ Insiders Continue to Sell,
Sell, Sell (at Seeking Alpha – 8/13/09) (7-29-09) Insiders Selling at
Alarming Levels Insiders Exit Shares at the Fastest Pace in Two Years ] AND
COMMISSION DOLLARS FLOWING [Tarp banks award billions in bonuses... Goldman
Sachs on pace for record bonuses: report (Reuters) Cody Willard: Goldman
Sachs Is A Ponzi Scheme, Should Be Punished Accordingly Max Keiser: Prosecute
the Bankster Crime Syndicate The Market's Horoscope: Downside Correction ! [
Entering the Greatest Depression in History
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DRUDGEREPORT: BILL WOULD GIVE OBAMA 'EMERGENCY' CONTROL OF INTERNET WHICH
WOULD BE CRAZY IN LIGHT OF HIS BREACHES OF TRUST
'1,000 BANKS TO FAIL'
CINDY SHEEHAN TAKES TO MARTHA'S VINEYARD TO PROTEST OBAMA'S WAR... BRIT
PAPERS SOUND ALARM ON AFGHAN WAR... July, August deadliest months for US...
CBS Correspondent Seriously Wounded...
SENATOR: 'We're almost reaching a revolution in this country'...
PAPER: Chairman of tax-writing committee failed to report millions...
Rangel Hides Income and Assets...
Weak dollar pushing energy prices higher...
Obama Predicts Unemployment, Deficits Far Worse Than Previously Stated...
Grim... Official: Real unemployment rate at 16%...
Rhode Island to shut down gov't for 12 days...
FT: Deficit fears put Obama's reforms in jeopardy...
WSJ: Dollar Steadily Losing Influence...
Stossel: Every Obama Critic Called a Racist...
Vegas jobless rate hits all-time high of 13.1%...
California at record 11.9%...
NYC 9.6%...
Mounting joblessness fuels housing crisis...
GALLUP: OBAMA HITS NEW LOW...
PEW: Democratic Party ratings plummet...
What rebound? Foreclosures rise, income down...
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
obama the bush clone/pal!
obama had a mandate for real and positive change. his lack of courage changed
that. bringing in the insiders at substantial taxpayer (bailout of a massive
fraud) expense proved this. his, as bushes' before him, is a failed
presidency!
A land of liberty destroyed by stealth Double Standard for Public Images of
Obama Florida TV Station Removes Comments On Obama Joker Poster Story
Infowars | Overwhelming support for political satire prompts TV station to
remove comments on website. Offensive Targeting Liberty Movement Picks Up
Steam
The TARP Time Bomb the Media Missed
Addicted to War: America’s Brutal Pipe Dream in Afghanistan
Gerald Celente 2.5 Million Jobs Lost Since Obama’s Presidency
“Safety Concerns” Cited In Removal of Obama Joker Posters in Tennessee
Offensive Targeting Liberty Movement Picks Up Steam Exercising First
Amendment Now “Vandalism” As Corporate Media Attacks Obama Joker Contest
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http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO JUST ANOTHER BUILT-IN
COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON NON-PERFORMING /
DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP, CONFIDENCE
REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE NUMBERS,
USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER THAN
EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser:
Prosecute the Bankster Crime Syndicate Max Keiser: Goldman Sachs Are “Scum,”
“Financial Terrorists” Bank profits not as impressive as they seem when you
take into account TARP funding, changed accounting rules to fudge books, new
stock issues, etc… um Cost Of Bailout Hits A Whopping $24 Trillion Dollars
Entering the Greatest Depression in History
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
GREAT OPPORTUNITY TO SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH SUCKERS’ BEAR MARKET RALLY
CONTINUING BASED ON FAKE DATA BETTER THAN EXPECTATIONS MANTRA, EVER MORE
WORTHLESS WEIMAR DOLLAR, INCREASED FORECLOSURE SALES AND BEN (HE STILL HAS A
JOB - AS AMERICANS LOSE THEIRS) BERNANKE BULL S**T (REMEMBER HIS NO RECESSION
TALKS, MANY OF THEM, TO FROTH THE MARKET THEN AS NOW AND HOW MANY SUCKERS’
POINTS TO THE UPSIDE THEREFROM – WHAT TOTAL BULL S**T, WHAT FRAUDS!) EVEN AS
ECONOMIST KELLNER JOINS THE RATIONAL CROWD SAYING ECONOMY WILL COLLAPSE UNDER
ITS OWN WEIGHT IN 2010 AND CONTINUED BAD NEWS [ INSIDERS ARE DUMPING STOCK
INSIDERS CONTINUE TO SELL, SELL, SELL (AT SEEKING ALPHA 8/13/09) PAPER: FRESH
ALERT ON GLOBAL STOCK MARKETS... The Great Depression and Today - Sobering
Parallels Abound Goldman "Trading Huddles" Expose Fiction of Level
Playing Field 1,000 Banks to Fail In Next Two Years AP sources: $2 trillion
higher deficit projected (AP) Judge Orders Fed To Disclose Who Received
Bailout Trillions Zero Hedge Claims that the Federal Reserve ITSELF Traded
Over a Trillion Dollars Worth of Derivatives in March Alone Geithner:
Auditing the Fed is a “line that we don’t want to cross” The Federal Reserve
Must Die “True Deleveraging Has Not Begun Yet Because Losses of Financial
Institutions Have Been Socialized” Obama Predicts Unemployment, Deficits Far
Worse Than Previously Stated... Grim... "Artificially Sweetened"
Market Could Face "Seismic Readjustment," Harrison Says Official:
Real unemployment rate at 16%... WSJ: Dollar Steadily Losing Influence...
Senator warns of hyperinflation... Failed banks mount; Ga, Ala, and large
Texas banks shut Learn to Love the Depression US jobless claims in surprise
jump for second week WHY DO EQUITY MARKETS DISAGREE WITH THE DATA? Brookings
“Experts” Admit Stimulus a Bust Analyst warns of 150-200 more U.S. bank
failures Government Revises Deficit Estimates Again: We Will Exceed
Expectations Manufacturing Jobs Drop To Lowest Level Since 1941 What rebound?
Foreclosures rise as jobs and income drop .. Weekly Market Outlook:
Commercial Real Estate Continues to Deteriorate Retail sales fall, new
jobless claims rise (Reuters) US Home Foreclosures Set Another Record in July
Colonial BancGroup shut down by federal officials (largest bank failure this
year) (AP) Economist: Claim that Economy Has Recovered “Is Like Somebody
Borrowing Money from Their Uncle and Then Celebrating that Their Income Has
Gone Up” ] PERSONAL & BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR
DOWN, FORECLOSURES UP (32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES
UNDERWATER, COMMERCIAL TO FOLLOW), CONFIDENCE REALISTICALLY DOWN, $100+ OIL
AROUND CORNER (2010-HOGAN); CELENTE-DEPRESSION NOW UNDERWAY Bob Prechter
Quite Sure Next Wave Down Will Be Bigger and March Lows Will Break Gerald
Celente 2.5 Million Jobs Lost Since Obama’s Presidency PAPER: Fresh alert on
global stock markets... TO KEEP SUCKERS SUCKERED [ Insiders Continue to Sell,
Sell, Sell (at Seeking Alpha – 8/13/09) (7-29-09) Insiders Selling at
Alarming Levels Insiders Exit Shares at the Fastest Pace in Two Years ] AND
COMMISSION DOLLARS FLOWING [Tarp banks award billions in bonuses... Goldman
Sachs on pace for record bonuses: report (Reuters) Cody Willard: Goldman
Sachs Is A Ponzi Scheme, Should Be Punished Accordingly Max Keiser: Prosecute
the Bankster Crime Syndicate The Market's Horoscope: Downside Correction ! [
Entering the Greatest Depression in History
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
By Simon Maierhofer August 27, 2009 …IF THERE IS JUST ONE TIME YOU WANT TO
TAKE A LESSON FROM HISTORY, IT IS RIGHT NOW. THE PARALLELS BETWEEN TODAY AND
THE GREAT DEPRESSION ARE NUMEROUS AND STRIKINGLY SIMILAR. THIS 5-MINUTE
HISTORY LESSON MIGHT BE THE BEST INVESTMENT YOU'LL EVER MAKE.
PART 1
WATCH OUT! EVEN THIS RALLY PARALLELS THE GREAT DEPRESSION
The first leg of the Great Depression reduced the Dow Jones (DJI: ^DJI) by
48%. The first leg of the 2007 bear market reduced the Dow Jones by 53%. Both
times, the initial declines were followed by powerful and persistent rallies.
The five-month rally from November 1929 to April 1930, lifted the Dow Jones
(NYSEArca: DIA - News) by 49%. So far, the five month rally from the March
2009 lows has lifted the Dow Jones by some 46%. The time frame and percentage
gains are certainly too close for comfort. Even though the S&P 500 (SNP:
^GSPC) was not around during the Great Depression, the modern day picture
mirrors the Dow. The Nasdaq (Nasdaq: ^IXIC) may have already provided a
window into the future as it declined over 80% from its 2000 technology
(NYSEArca: XLK - News) bubble, to its 2009 low. When talking about windows
for the future, we can't omit the juicy fact that the Dow Jones measured in
the only true currency - gold (NYSEArca: GLD - News) - has also declined to
an extent similar to the 1929 - 1932 market meltdown (more about that later).
1,000 Banks to Fail In Next Two Years U.S. problem bank list hits 416,
insurance fund falls Racketeering 101: Bailed Out Banks Threaten Systemic
Collapse If Fed Discloses Information
Go to following pages for above links:
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http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Admiral: Afghan conflict 'serious' and 'deteriorating'...
Mullen worried over public rationality in lack of support for yet another of
broke america’s wars for benefit of military industrial complex and war
profiteers...
POLL: New Low for Obama Approval Index...
Millions face shrinking Social Security payments (and this is just the
beginning since america is defacto bankrupt)...
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Who's Behind All This VIX Trading? …I don't tend to engage in conspiracy
theories and, while I know that market manipulation happens, I don't think it
usually occurs on this large of a scale. But when I see this, I am reminded
of the poker adage: "If you can't spot the sucker at the table, then
it's probably you."
"ARTIFICIALLY SWEETENED" MARKET COULD FACE "SEISMIC
READJUSTMENT," Harrison Says After the heady rally off the March lows,
Todd Harrison, CEO of Minyanville.com, now believes the risk-reward favors
shorting the market vs. being long. "This is a Splenda market - because
there's so much artificial sweetener involved," Harrison says. After
making bullish calls here in February (albeit early) and again late April,
he's more lately shorting the Powershares QQQ with a tight 2% stop. "That's
all I'm willing to lose on this bet," he says. Technically, the Nasdaq
is currently at a major convergence of the downtrend line from its 2007 peak,
long-term resistance at around 2000, and a 50% retracement of decline from
the October 2007 highs to the March lows, Harrison says. That setup could
result in at least a temporary setback for related stocks. Longer-term, his
concerns center around the novel idea that there's going to be a price to pay
for all the government stimuli that have resuscitated the U.S. economy and
given a major jolt to both the equity and credit markets. "The
government is showing its hand and what they want to do: They want to
transfer our obligations to our children, which will inherently lower the
standard of living to our children," he says. But even worse than the
shocking $9 trillion deficit America faces over the next decade, Harrison
worries that we don't control our own fate. "That transfer of risk to
future generation is in the hands of foreign holders of dollar-denominated
assets," he says. "A seismic currency readjustment is a legitimate
risk."
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
The Federal Reserve Must Die
Judge Orders Fed To Disclose Who Received Bailout Trillions Zero Hedge Claims
that the Federal Reserve ITSELF Traded Over a Trillion Dollars Worth of
Derivatives in March Alone Geithner: Auditing the Fed is a “line that we
don’t want to cross” The Federal Reserve Must Die
Senator warns of hyperinflation...
Obama Predicts Unemployment, Deficits Far Worse Than Previously Stated...
Grim... FT: Deficit fears put Obama's agenda in jeopardy... WSJ: Dollar
Steadily Losing Influence...
“True Deleveraging Has Not Begun Yet Because Losses of Financial Institutions
Have Been Socialized” Washington’s Blog | “This is a crisis of solvency, not
just liquidity, but true deleveraging has not begun yet because the losses of
financial institutions have been socialized and put on government balance
sheets.”
GREAT OPPORTUNITY TO SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH SUCKERS’ RALLY BASED ON FAKE
DATA BETTER THAN EXPECTATIONS MANTRA, EVER MORE WORTHLESS WEIMAR DOLLAR,
INCREASED FORECLOSURE SALES AND BEN (HE STILL HAS A JOB - AS AMERICANS LOSE THEIRS)
BERNANKE BULL S**T (REMEMBER HIS NO RECESSION TALKS, MANY OF THEM, TO FROTH
THE MARKET THEN AS NOW AND HOW MANY SUCKERS’ POINTS TO THE UPSIDE THEREFROM –
WHAT TOTAL BULL S**T, WHAT FRAUDS!) AND CONTINUED BAD NEWS [ INSIDERS ARE
DUMPING STOCK INSIDERS CONTINUE TO SELL, SELL, SELL (AT SEEKING ALPHA
8/13/09) PAPER: FRESH ALERT ON GLOBAL STOCK MARKETS... AP sources: $2
trillion higher deficit projected (AP) Judge Orders Fed To Disclose Who
Received Bailout Trillions Zero Hedge Claims that the Federal Reserve ITSELF
Traded Over a Trillion Dollars Worth of Derivatives in March Alone Geithner:
Auditing the Fed is a “line that we don’t want to cross” The Federal Reserve
Must Die “True Deleveraging Has Not Begun Yet Because Losses of Financial
Institutions Have Been Socialized” Obama Predicts Unemployment, Deficits Far
Worse Than Previously Stated... Grim... FT: Deficit fears put Obama's agenda
in jeopardy... WSJ: Dollar Steadily Losing Influence... Senator warns of
hyperinflation... Failed banks mount; Ga, Ala, and large Texas banks shut
Learn to Love the Depression US jobless claims in surprise jump for second
week WHY DO EQUITY MARKETS DISAGREE WITH THE DATA? Brookings “Experts” Admit
Stimulus a Bust Analyst warns of 150-200 more U.S. bank failures Government Revises
Deficit Estimates Again: We Will Exceed Expectations Manufacturing Jobs Drop
To Lowest Level Since 1941 What rebound? Foreclosures rise as jobs and income
drop Fed to Steal State Pension Funds IMF Says You’ll Have to Pay More Taxes
The risk of continuing depression rising CALPERS IS UNSUSTAINABLE What
rebound? Foreclosures rise... Grab Your Shorts, The Correction Has Begun THE
SECOND WAVE OF THE DEPRESSION: HYPERINFLATION IS LIKELY THE FDIC IS BROKE.
NOW WHAT? (PART II) DOLLAR TO DECLINE AMID CONCERN AS IT 'LOSES RESERVE
STATUS'... JOBLESS SPIKE COMPOUNDS FORECLOSURE CRISIS ] PERSONAL &
BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR DOWN, FORECLOSURES UP (32%
YOY AND 7% MOM AT NEW RECORD, 50% HOMES UNDERWATER, COMMERCIAL TO FOLLOW),
CONFIDENCE REALISTICALLY DOWN, $100+ OIL AROUND CORNER (2010-HOGAN);
CELENTE-DEPRESSION NOW UNDERWAY Bob Prechter Quite Sure Next Wave Down Will
Be Bigger and March Lows Will Break Gerald Celente 2.5 Million Jobs Lost
Since Obama’s Presidency PAPER: Fresh alert on global stock markets... TO
KEEP SUCKERS SUCKERED [ Insiders Continue to Sell, Sell, Sell (at Seeking
Alpha – 8/13/09) (7-29-09) Insiders Selling at Alarming Levels Insiders Exit
Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING
[Tarp banks award billions in bonuses... Goldman Sachs on pace for record
bonuses: report (Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime
Syndicate The Market's Horoscope: Downside Correction ! [ Entering the
Greatest Depression in History Andrew Gavin Marshall | The crisis has many
bubbles, all of which dwarf the housing bubble burst of 2008.
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Obama Predicts Unemployment, Deficits Far Worse Than Previously Stated...
Grim... FT: Deficit fears put Obama's agenda in jeopardy... WSJ: Dollar
Steadily Losing Influence...
“True Deleveraging Has Not Begun Yet Because Losses of Financial Institutions
Have Been Socialized” Washington’s Blog | “This is a crisis of solvency, not
just liquidity, but true deleveraging has not begun yet because the losses of
financial institutions have been socialized and put on government balance
sheets.”
The Federal Reserve Must Die
Judge Orders Fed To Disclose Who Received Bailout Trillions Zero Hedge Claims
that the Federal Reserve ITSELF Traded Over a Trillion Dollars Worth of
Derivatives in March Alone Geithner: Auditing the Fed is a “line that we
don’t want to cross” The Federal Reserve Must Die
GREAT OPPORTUNITY TO SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH SUCKERS’ RALLY BASED ON FAKE
DATA BETTER THAN EXPECTATIONS MANTRA, EVER MORE WORTHLESS WEIMAR DOLLAR,
INCREASED FORECLOSURE SALES AND BEN (HE STILL HAS A JOB - AS AMERICANS LOSE
THEIRS) BERNANKE BULL S**T (REMEMBER HIS NO RECESSION TALKS, MANY OF THEM, TO
FROTH THE MARKET THEN AS NOW AND HOW MANY SUCKERS’ POINTS TO THE UPSIDE
THEREFROM – WHAT TOTAL BULL S**T, WHAT FRAUDS!) AND CONTINUED BAD NEWS [
INSIDERS ARE DUMPING STOCK INSIDERS CONTINUE TO SELL, SELL, SELL (AT SEEKING
ALPHA 8/13/09) PAPER: FRESH ALERT ON GLOBAL STOCK MARKETS... AP sources: $2
trillion higher deficit projected (AP) Judge Orders Fed To Disclose Who
Received Bailout Trillions Zero Hedge Claims that the Federal Reserve ITSELF
Traded Over a Trillion Dollars Worth of Derivatives in March Alone Geithner:
Auditing the Fed is a “line that we don’t want to cross” The Federal Reserve
Must Die “True Deleveraging Has Not Begun Yet Because Losses of Financial
Institutions Have Been Socialized” Obama Predicts Unemployment, Deficits Far
Worse Than Previously Stated... Grim... FT: Deficit fears put Obama's agenda
in jeopardy... WSJ: Dollar Steadily Losing Influence... Senator warns of
hyperinflation... Failed banks mount; Ga, Ala, and large Texas banks shut
Learn to Love the Depression US jobless claims in surprise jump for second
week WHY DO EQUITY MARKETS DISAGREE WITH THE DATA? Brookings “Experts” Admit
Stimulus a Bust Analyst warns of 150-200 more U.S. bank failures Government
Revises Deficit Estimates Again: We Will Exceed Expectations Manufacturing
Jobs Drop To Lowest Level Since 1941 What rebound? Foreclosures rise as jobs
and income drop Fed to Steal State Pension Funds IMF Says You’ll Have to Pay
More Taxes The risk of continuing depression rising CALPERS IS UNSUSTAINABLE
What rebound? Foreclosures rise... Grab Your Shorts, The Correction Has Begun
THE SECOND WAVE OF THE DEPRESSION: HYPERINFLATION IS LIKELY THE FDIC IS
BROKE. NOW WHAT? (PART II) DOLLAR TO DECLINE AMID CONCERN AS IT 'LOSES
RESERVE STATUS'... JOBLESS SPIKE COMPOUNDS FORECLOSURE CRISIS ] PERSONAL
& BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR DOWN, FORECLOSURES UP
(32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES UNDERWATER, COMMERCIAL TO
FOLLOW), CONFIDENCE REALISTICALLY DOWN, $100+ OIL AROUND CORNER (2010-HOGAN);
CELENTE-DEPRESSION NOW UNDERWAY Bob Prechter Quite Sure Next Wave Down Will
Be Bigger and March Lows Will Break Gerald Celente 2.5 Million Jobs Lost
Since Obama’s Presidency PAPER: Fresh alert on global stock markets... TO
KEEP SUCKERS SUCKERED [ Insiders Continue to Sell, Sell, Sell (at Seeking
Alpha – 8/13/09) (7-29-09) Insiders Selling at Alarming Levels Insiders Exit
Shares at the Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING
[Tarp banks award billions in bonuses... Goldman Sachs on pace for record
bonuses: report (Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime
Syndicate The Market's Horoscope: Downside Correction ! [ Entering the
Greatest Depression in History Andrew Gavin Marshall | The crisis has many
bubbles, all of which dwarf the housing bubble burst of 2008.
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
6 years after invasion, electricity still scarce in Baghdad Baghdad blasts
kill 95 FOUR SOLDIERS KILLED IN AFGHANISTAN; MAKING 2009 DEADLIEST YEAR OF
WAR... 30 killed in Kandahar blast caused by 5 car bombs...
Evidence Reveals Libyan Convicted of Lockerbie Bombing Innocent Kurt Nimmo |
Corporate media in U.S. ignores story that Abdelbaset al-Megrahi is innocent.
Alex Jones website blocked under filter for ‘criminal skills’ content Aaron
Dykes | Was panicked controversy over the ‘Obama-as-Joker’ Poster the reason
the website JonesReport.com was restricted for ‘promoting criminal skills’?
Scientists Debunk Global Warming
Evidence Libyan Convicted of Lockerbie Bombing Innocent
Fall Of The Republic Exposes How Brand Obama Is Destroying America Every
Obama Critic Called a Racist Obama Depicted as Zombie in Comic Book
DRUDGEREPORT: Obama Predicts Unemployment, Deficits Far Worse Than Previously
Stated...
Grim...
Rhode Island to shut down gov't for 12 days...
FT: Deficit fears put Obama's reforms in jeopardy...
WSJ: Dollar Steadily Losing Influence...
Stossel: Every Obama Critic Called a Racist...
Vegas jobless rate hits all-time high of 13.1%...
California at record 11.9%...
NYC 9.6%...
Mounting joblessness fuels housing crisis...
GALLUP: OBAMA HITS NEW LOW...
PEW: Democratic Party ratings plummet...
What rebound? Foreclosures rise, income down...
Scientists Debunk UN “Global Warming”
Israeli raid on Gaza tunnel kills 3
Go to following pages for above links:
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http://www.albertpeia.com
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http://www.albertpeia.com/alresume65393.htm
Analyst warns of 150-200 more U.S. bank failures
Unemployment Edges Up to Great Depression Level Kurt Nimmo | A dizzy
corporate media tells us there is now light at the end of the tunnel.
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
GREAT OPPORTUNITY TO SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH SUCKERS’ RALLY BASED ON HIGHER
OIL PRICES ON EVER MORE WORTHLESS WEIMAR DOLLAR, INCREASED FORECLOSURE SALES
AND BEN (HE HOPES HE STILL HAS A JOB) BERNANKE BULL S**T (REMEMBER HIS NO
RECESSION TALKS, MANY OF THEM, TO FROTH THE MARKET THEN AS NOW AND HOW MANY
SUCKERS’ POINTS TO THE UPSIDE THEREFROM – WHAT TOTAL BULL S**T, WHAT FRAUDS!)
AND CONTINUED BAD NEWS [ INSIDERS ARE DUMPING STOCK INSIDERS CONTINUE TO SELL,
SELL, SELL (AT SEEKING ALPHA 8/13/09) PAPER: FRESH ALERT ON GLOBAL STOCK
MARKETS... AP sources: $2 trillion higher deficit projected (AP) Failed banks
mount; Ga, Ala, and large Texas banks shut Learn to Love the Depression US
jobless claims in surprise jump for second week WHY DO EQUITY MARKETS
DISAGREE WITH THE DATA? Brookings “Experts” Admit Stimulus a Bust Analyst
warns of 150-200 more U.S. bank failures Government Revises Deficit Estimates
Again: We Will Exceed Expectations Manufacturing Jobs Drop To Lowest Level
Since 1941 What rebound? Foreclosures rise as jobs and income drop Fed to
Steal State Pension Funds IMF Says You’ll Have to Pay More Taxes The risk of
continuing depression rising CALPERS IS UNSUSTAINABLE What rebound?
Foreclosures rise... Grab Your Shorts, The Correction Has Begun THE SECOND
WAVE OF THE DEPRESSION: HYPERINFLATION IS LIKELY THE FDIC IS BROKE. NOW WHAT?
(PART II) DOLLAR TO DECLINE AMID CONCERN AS IT 'LOSES RESERVE STATUS'...
JOBLESS SPIKE COMPOUNDS FORECLOSURE CRISIS STOCKS SLIDE ON ECONOMY CONCERN
WORLD STOCKS, OIL TUMBLE ON U.S. FRAUD EXPOSURE AND CONSUMER WORRIES
Connecticut Not Learning the Right Lessons from California Weekly Market
Outlook: Commercial Real Estate Continues to Deteriorate Retail sales fall,
new jobless claims rise (Reuters) US Home Foreclosures Set Another Record in
July Colonial BancGroup shut down by federal officials (largest bank failure
this year) (AP) Economist: Claim that Economy Has Recovered “Is Like Somebody
Borrowing Money from Their Uncle and Then Celebrating that Their Income Has
Gone Up” ] PERSONAL & BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR
DOWN, FORECLOSURES UP (32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES
UNDERWATER, COMMERCIAL TO FOLLOW), CONFIDENCE REALISTICALLY DOWN, $100+ OIL
AROUND CORNER (2010-HOGAN); CELENTE-DEPRESSION NOW UNDERWAY Bob Prechter
Quite Sure Next Wave Down Will Be Bigger and March Lows Will Break Gerald
Celente 2.5 Million Jobs Lost Since Obama’s Presidency PAPER: Fresh alert on
global stock markets... TO KEEP SUCKERS SUCKERED [ Insiders Continue to Sell,
Sell, Sell (at Seeking Alpha – 8/13/09) (7-29-09) Insiders Selling at
Alarming Levels Insiders Exit Shares at the Fastest Pace in Two Years ] AND
COMMISSION DOLLARS FLOWING [Tarp banks award billions in bonuses... Goldman
Sachs on pace for record bonuses: report (Reuters) Cody Willard: Goldman
Sachs Is A Ponzi Scheme, Should Be Punished Accordingly Max Keiser: Prosecute
the Bankster Crime Syndicate The Market's Horoscope: Downside Correction ! [
Entering the Greatest Depression in History Andrew Gavin Marshall
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Admiral: Afghan conflict 'serious' and 'deteriorating'...
Mullen worried over public rationality in lack of support for yet another of
broke america’s wars for benefit of military industrial complex and war
profiteers...
POLL: New Low for Obama Approval Index...
Millions face shrinking Social Security payments (and this is just the
beginning since america is defacto bankrupt)...
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http://www.albertpeia.com/alresume65393.htm
You cannot trust the u.s. government concerning biological agents, weapons,
pandemics and related matters!
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http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Go to following pages for above links:
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http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Manufacturing Jobs Drop To Lowest Level Since 1941 What rebound? Foreclosures
rise as jobs and income drop IMF Says You’ll Have to Pay More Taxes
Go to following pages for above links:
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http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Gun Propaganda and the Health Care Reform Illusion Szandor Blestman | I
really don’t believe that any of this theater is about health care. It seems
to me that it’s about control. It’s about power.
Go to following pages for above links:
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http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
GREAT OPPORTUNITY TO SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH SUCKERS’ RALLY BASED ON
INCREASED FORECLOSURE SALES AND BERNANKE (HE HOPES HE STILL HAS A JOB) BULL
S**T (REMEMBER HIS NO RECESSION TALKS, MANY OF THEM, TO FROTH THE MARKET THEN
AS NOW AND HOW MANY SUCKERS’ POINTS TO THE UPSIDE – WHAT TOTAL BULL S**T,
WHAT FRAUDS!) AND CONTINUED BAD NEWS [ INSIDERS ARE DUMPING STOCK INSIDERS
CONTINUE TO SELL, SELL, SELL (AT SEEKING ALPHA 8/13/09) PAPER: FRESH ALERT ON
GLOBAL STOCK MARKETS... AP sources: $2 trillion higher deficit projected (AP)
Failed banks mount; Ga, Ala, and large Texas banks shut Learn to Love the
Depression US jobless claims in surprise jump for second week WHY DO EQUITY
MARKETS DISAGREE WITH THE DATA? CALPERS IS UNSUSTAINABLE What rebound?
Foreclosures rise... Grab Your Shorts, The Correction Has Begun THE SECOND
WAVE OF THE DEPRESSION: HYPERINFLATION IS LIKELY THE FDIC IS BROKE. NOW WHAT?
(PART II) DOLLAR TO DECLINE AMID CONCERN AS IT 'LOSES RESERVE STATUS'...
JOBLESS SPIKE COMPOUNDS FORECLOSURE CRISIS STOCKS SLIDE ON ECONOMY CONCERN
WORLD STOCKS, OIL TUMBLE ON U.S. FRAUD EXPOSURE AND CONSUMER WORRIES
Connecticut Not Learning the Right Lessons from California Weekly Market Outlook:
Commercial Real Estate Continues to Deteriorate Retail sales fall, new
jobless claims rise (Reuters) US Home Foreclosures Set Another Record in July
Colonial BancGroup shut down by federal officials (largest bank failure this
year) (AP) Economist: Claim that Economy Has Recovered “Is Like Somebody
Borrowing Money from Their Uncle and Then Celebrating that Their Income Has
Gone Up” ] PERSONAL & BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR
DOWN, FORECLOSURES UP (32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES
UNDERWATER, COMMERCIAL TO FOLLOW), CONFIDENCE REALISTICALLY DOWN, $100+ OIL
AROUND CORNER (2010-HOGAN); CELENTE-DEPRESSION NOW UNDERWAY Bob Prechter
Quite Sure Next Wave Down Will Be Bigger and March Lows Will Break Gerald
Celente 2.5 Million Jobs Lost Since Obama’s Presidency PAPER: Fresh alert on
global stock markets... TO KEEP SUCKERS SUCKERED [ Insiders Continue to Sell,
Sell, Sell (at Seeking Alpha – 8/13/09) (7-29-09) Insiders Selling at
Alarming Levels Insiders Exit Shares at the Fastest Pace in Two Years ] AND
COMMISSION DOLLARS FLOWING [Tarp banks award billions in bonuses... Goldman
Sachs on pace for record bonuses: report (Reuters) Cody Willard: Goldman
Sachs Is A Ponzi Scheme, Should Be Punished Accordingly Max Keiser: Prosecute
the Bankster Crime Syndicate The Market's Horoscope: Downside Correction ! [
Entering the Greatest Depression in History Andrew Gavin Marshall |
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Is It a Stock Market Rally or a Dollar Devaluation Seeking Alpha…The bank
bailout has made Americans poorer relative to the rest of the world and
created the illusion of a stock market recovery…
...Based on Wall Streets history…it seems that another black Oct is a forgone
conclusion and then it starts all over again. Aug 22 2009
Let me put it this way, if the market goes down 50%, then goes up 50%, are
you happy?
If that became a trend and happened 4 more times, over say the next 3 years
or so, you know what is left of your $1,000,000 investment?
Answer = $237,304
"...The biggest rally during the '29 to '32 period was 46.77% over 148
days. The current rally is up 51.68% over 165 calendar days. ..." Looks
pretty darn ( statistically ) similar to me! The exact opposite of your
conclusion...suggest you brush up on your math!
This bull looks like BS to me. Low volume, high P/E. The market was oversold
in March and overbought now...Don't be greedy.
..start with $1 to invest in 1990 by 1999 you have $2, now the dotcom bubble
bursts your portfolio drops 50% and your left with $1, back to square one,
well then you hang in there and your investment grows by 50% through 2008 so
your up to $1.50, better then nothing though your only up 50% in 2 decades,
then we get the 2008 collapse down another 50% in 6 months to $.75, so now
your down 25% from your initial investment of $1 in 1990, but wait if you can
stay fully invested and all your positions move with the market your up 50%
in six months so you would now have $1.125 in your account, so since 1990
your original investment of $1 has grown by 1/8 in just under 2 decades.
That’s reality…it will be hard for Wall Street to continue playing the market
manipulation game much longer
../until Jan/Feb/Mar. 2010 when consumer spending craters (then back to Dow
8000) or when Israel bombs Iran (then back to Dow 6000).
… certainly, at these levels the US market is not a buy. Even in the positive
scenario that the S&P earns its 10 year average of 50 in 2010 it would
stillbe a P/E of 20. Then consider that the consumer will not return and that
the government cannot forever sustain its current cost to income ratio of
180% and you will have to come to the conclusion to sell.
…qualitative analysis:
1. Volume is low over all and historically.
2. NDX typically leads any lasting rally,
3. The underlying economy is not likely to produce the earnings projected
(high probably multiple expansion is unwarranted).
4. The depth of the retraction into March was over sized expect the bounces
to be equally exotic.
5. The liquidity poured into the market is 7-10 times the amount seen in any
other recession - where did it go beside bank values? stocks.
6. Be patient and careful, momentum is fading the market may be out of fuel.
For those who think this market is even remotely close to reasonable
valuations, we suggest they read Doug Short's accurate summary of historical
stock market valuations. See: www.dshort.com/article...
…the market is significantly overvalued by any historical comparisons with
previous recessions. Thus the only logical conclusion is that … the market
will endure at least one more very serious selloff at some point in the
relatively near future…
… Much of what we see today, IMO, is smoke and mirrors designed to make us
feel good. In today's America, feeling good is more important than reality.
Or, perhaps we believe feelings create reality. Japan has languished because
they refused to deal with their economic collapse according to reality.
Aren't we doing exactly the same? Did the investors who created this mess
lose their money? Not yet. But a lot of others have. Have the bad loans been
dealt with? Not yet. And we all know it. What has happened is the Fed has
pumped dollars into the "too-big-to-fail" companies (the one's who
should of lost it all) and the government has handed money to it's citizens
to "stimulate" things. Oh yes, and the media has pumped persistently
positive news to the citizens designed to change moods rather than report
fact… And when the market decides to take over once again, look out below.
It is actually worse than that because unless America ring fences its economy
by implementing exchange controls then most of the hot investment money will
simply flow into the economies of other countries. Even so you will struggle
not to resemble Zimbabwe.
GREAT OPPORTUNITY TO SELL / TAKE PROFITS
Entering the Greatest Depression in History Andrew Gavin Marshall |
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
GREAT OPPORTUNITY TO SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH SUCKERS’ RALLY BASED ON
INCREASED FORECLOSURE SALES AND BERNANKE (HE HOPES HE STILL HAS A
JOB-INCREASING NUMBERS UNDER HIS TENURE DON’T) BULL S**T (REMEMBER HIS NO
RECESSION TALKS, MANY OF THEM, TO FROTH THE MARKET THEN AS NOW AND HOW MANY
SUCKERS’ POINTS TO THE UPSIDE – WHAT TOTAL BULL S**T, WHAT FRAUDS!) AND
CONTINUED BAD NEWS [ INSIDERS ARE DUMPING STOCK INSIDERS CONTINUE TO SELL,
SELL, SELL (AT SEEKING ALPHA 8/13/09) PAPER: FRESH ALERT ON GLOBAL STOCK
MARKETS... AP sources: $2 trillion higher deficit projected (AP) Failed banks
mount; Ga, Ala, and large Texas banks shut Learn to Love the Depression US
jobless claims in surprise jump for second week WHY DO EQUITY MARKETS
DISAGREE WITH THE DATA? CALPERS IS UNSUSTAINABLE What rebound? Foreclosures
rise... Grab Your Shorts, The Correction Has Begun THE SECOND WAVE OF THE
DEPRESSION: HYPERINFLATION IS LIKELY THE FDIC IS BROKE. NOW WHAT? (PART II)
DOLLAR TO DECLINE AMID CONCERN AS IT 'LOSES RESERVE STATUS'... JOBLESS SPIKE
COMPOUNDS FORECLOSURE CRISIS STOCKS SLIDE ON ECONOMY CONCERN WORLD STOCKS,
OIL TUMBLE ON U.S. FRAUD EXPOSURE AND CONSUMER WORRIES Connecticut Not
Learning the Right Lessons from California Weekly Market Outlook: Commercial
Real Estate Continues to Deteriorate Retail sales fall, new jobless claims
rise (Reuters) US Home Foreclosures Set Another Record in July Colonial
BancGroup shut down by federal officials (largest bank failure this year)
(AP) Economist: Claim that Economy Has Recovered “Is Like Somebody Borrowing
Money from Their Uncle and Then Celebrating that Their Income Has Gone Up” ]
PERSONAL & BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR DOWN,
FORECLOSURES UP (32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES UNDERWATER,
COMMERCIAL TO FOLLOW), CONFIDENCE REALISTICALLY DOWN, $100+ OIL AROUND CORNER
(2010-HOGAN); CELENTE-DEPRESSION NOW UNDERWAY Bob Prechter Quite Sure Next
Wave Down Will Be Bigger and March Lows Will Break Gerald Celente 2.5 Million
Jobs Lost Since Obama’s Presidency PAPER: Fresh alert on global stock
markets... TO KEEP SUCKERS SUCKERED [ Insiders Continue to Sell, Sell, Sell
(at Seeking Alpha – 8/13/09) (7-29-09) Insiders Selling at Alarming Levels
Insiders Exit Shares at the Fastest Pace in Two Years ] AND COMMISSION
DOLLARS FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on
pace for record bonuses: report (Reuters) Cody Willard: Goldman Sachs Is A
Ponzi Scheme, Should Be Punished Accordingly Max Keiser: Prosecute the
Bankster Crime Syndicate The Market's Horoscope: Downside Correction ! [
Entering the Greatest Depression in History Andrew Gavin Marshall |
Bush As The Joker – Acceptable, Obama As The Joker – Offensive/Violent
Blackwater role in hit squad unconstitutional: expert
Go to following pages for above links:
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http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Adam Hayes
Some of the smartest economists, traders, bankers, brokers, and academics are
all screaming and yelling the same things: "This recession/depression is
NOT over yet! This is just bear market rally! There are NO green
shoots!"
And the data does support these beliefs. Retail sales and consumer spending
remain muted as families increase savings and pay down debts.
Unemployment is not yet recovering, foreclosures are still rising while home
prices are still falling. Commercial real estate is starting to falter in a
major way. Oil and metals remain elevated while the dollar remains relatively
weak. Banks are failing at a record pace and the FDIC is on the verge of
insolvency. The government is auctioning debt at a record pace (and record %
of GDP) while the deficit explodes. Banks are still NOT lending to small
businesses or homebuyers nor to each other. Much of this data is also showing
no sign of decelerating. Every week a new number comes out the revision for
the previous always seems to go worse!
And the GDP numbers, when analyzed, show that government spending and
issuance of government debt is keeping the economy from being much much
worse. And what happens when BRIC countries stop buying our debt and dollars?
The Ponzi scheme falls apart then? And what about diminished tax rolls both
local and federal due to low employment and low corporate earnings!?…
Americans oblivious to their pending “financial suicide”
CalPERS Is Unsustainable Jeff Nielsen
…Like lemmings racing for a cliff, the vast majority of Americans remain
completely oblivious to their pending “financial suicide”. For this, the
pseudo-journalists of the U.S. propaganda-machine bear most of the blame.
As with all Ponzi-schemes, the U.S. economy is totally dependent in
maintaining “confidence” in this massive con-game. Thus, while a plethora of
U.S. financial crises continue to worsen (including the pension-crisis) all
we are likely to hear from the propaganda-machine are chorus after chorus of
“Don't Worry, Be Happy”.
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
The mainstream, U.S. media continue to ignore a steadily worsening pension
crisis, most likely because it is one more huge contradiction of all their
“U.S. economic recovery” propaganda. Unlike the $70 trillion or so in
“unfunded liabilities” which is certain to bankrupt the U.S. federal
government – but not today, the U.S. pension-crisis is already here.
When the chief actuary of the nation's largest, state pension plan (CalPERS)
bluntly states, “We are facing decades...of unsustainable pension costs”,
this should have attracted the attention of journalists across the U.S.
Unfortunately, they all appear to be much too busy handing out their “U.S.
economic recovery” party-hats to be paying attention.
Some people may not see a direct connection between the health of U.S.
pension plans and the health of the overall economy... The huge, demographic
bulge known as “the baby-boomers” are beginning to retire. After plundering
government coffers for their entire lives by demanding exorbitant social
programs which they were unwilling to pay for with their own taxes, they have
literally mortgaged the futures of their own children and grand-children. But
the “plague” these “locusts” have inflicted on the U.S. economy goes well
beyond that. These are the same baby-boomers who dismantled the U.S.
manufacturing sector, and shipped it to Asia – so that they could pay less
for the ever-increasing hoard of consumer-goods which they have accumulated
with manic zeal. In the process, they have also eliminated most of the
well-paying jobs which they benefited from, but which they have taken away
from their children and grandchildren. Despite the baby-boomers having the
best-paying jobs of any generation in history, and ridiculously low taxes
…this generation has less in savings than previous generations. As a result,
this bloc of selfish spendthrifts is more dependent on lavish pensions (and
pie-in-the-sky medical benefits for seniors) than their own parents. The problem
is that this group has mismanaged their own pension-plans just as badly as
they have mismanaged the overall economy and government finances. In other
words, just as they have doing all their lives, U.S. baby-boomers are
planning on spending money they don't have all through their retirements – in
order to fund their lavish lifestyles. However, having squeezed all of the
wealth out of the U.S. economy, and squeezed all the wealth out of their
children and grandchildren…The bottom line is that this generation of
financial-failures is already facing a multi-trilllion dollar shortfall -
which is totally separate from the $70 trillion funding-gap in Social
Security and Medicare (see “U.S. Pension Crisis: the $3 TRILLION question”).
This is a crisis which is developing from the bottom up. Vallejo, the
one-time state capital of California, was already forced into bankruptcy due
to the unsustainable retirement benefit plans of its municipal workers.
Meanwhile, on the opposite coast, municipal leaders lament that they only
have enough funds to pay for either the pension/medical plans of their former
police officers and firefighters, or the salaries of the current police and
firefighters. Further aggravating this crisis at the local level, many
municipal governments were severely “burned” through being conned into
various forms of “exotic financing” by Wall Street scam-artists.
Municipalities and public institutions not just in the U.S., but all over the
world, have been crippled by countless billions in losses – while paying
these financial predators fat fees to ruin them…
…Like lemmings racing for a cliff, the vast majority of Americans remain
completely oblivious to their pending “financial suicide”. For this, the
pseudo-journalists of the U.S. propaganda-machine bear most of the blame.
As with all Ponzi-schemes, the U.S. economy is totally dependent in
maintaining “confidence” in this massive con-game. Thus, while a plethora of
U.S. financial crises continue to worsen (including the pension-crisis) all
we are likely to hear from the propaganda-machine are chorus after chorus of
“Don't Worry, Be Happy”.
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Some of the smartest economists, traders, bankers, brokers, and academics are
all screaming and yelling the same things: "This recession/depression is
NOT over yet! This is just bear market rally! There are NO green
shoots!"
And the data does support these beliefs. Retail sales and consumer spending
remain muted as families increase savings and pay down debts.
Unemployment is not yet recovering, foreclosures are still rising while home
prices are still falling. Commercial real estate is starting to falter in a
major way. Oil and metals remain elevated while the dollar remains relatively
weak. Banks are failing at a record pace and the FDIC is on the verge of
insolvency. The government is auctioning debt at a record pace (and record %
of GDP) while the deficit explodes. Banks are still NOT lending to small
businesses or homebuyers nor to each other. Much of this data is also showing
no sign of decelerating. Every week a new number comes out the revision for
the previous always seems to go worse!
And the GDP numbers, when analyzed, show that government spending and
issuance of government debt is keeping the economy from being much much
worse. And what happens when BRIC countries stop buying our debt and dollars?
The Ponzi scheme falls apart then? And what about diminished tax rolls both
local and federal due to low employment and low corporate earnings!?…
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Some of the smartest economists, traders, bankers, brokers, and academics are
all screaming and yelling the same things: "This recession/depression is
NOT over yet! This is just bear market rally! There are NO green
shoots!"
And the data does support these beliefs. Retail sales and consumer spending
remain muted as families increase savings and pay down debts.
Unemployment is not yet recovering, foreclosures are still rising while home
prices are still falling. Commercial real estate is starting to falter in a
major way. Oil and metals remain elevated while the dollar remains relatively
weak. Banks are failing at a record pace and the FDIC is on the verge of
insolvency. The government is auctioning debt at a record pace (and record %
of GDP) while the deficit explodes. Banks are still NOT lending to small
businesses or homebuyers nor to each other. Much of this data is also showing
no sign of decelerating. Every week a new number comes out the revision for
the previous always seems to go worse!
And the GDP numbers, when analyzed, show that government spending and
issuance of government debt is keeping the economy from being much much
worse. And what happens when BRIC countries stop buying our debt and dollars?
The Ponzi scheme falls apart then? And what about diminished tax rolls both
local and federal due to low employment and low corporate earnings!?…
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Some of the smartest economists, traders, bankers, brokers, and academics are
all screaming and yelling the same things: "This recession/depression is
NOT over yet! This is just bear market rally! There are NO green
shoots!"
And the data does support these beliefs. Retail sales and consumer spending
remain muted as families increase savings and pay down debts.
Unemployment is not yet recovering, foreclosures are still rising while home
prices are still falling. Commercial real estate is starting to falter in a
major way. Oil and metals remain elevated while the dollar remains relatively
weak. Banks are failing at a record pace and the FDIC is on the verge of
insolvency. The government is auctioning debt at a record pace (and record %
of GDP) while the deficit explodes. Banks are still NOT lending to small
businesses or homebuyers nor to each other. Much of this data is also showing
no sign of decelerating. Every week a new number comes out the revision for
the previous always seems to go worse!
And the GDP numbers, when analyzed, show that government spending and
issuance of government debt is keeping the economy from being much much
worse. And what happens when BRIC countries stop buying our debt and dollars?
The Ponzi scheme falls apart then? And what about diminished tax rolls both
local and federal due to low employment and low corporate earnings!?…
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Some of the smartest economists, traders, bankers, brokers, and academics are
all screaming and yelling the same things: "This recession/depression is
NOT over yet! This is just bear market rally! There are NO green
shoots!"
And the data does support these beliefs. Retail sales and consumer spending
remain muted as families increase savings and pay down debts.
Unemployment is not yet recovering, foreclosures are still rising while home
prices are still falling. Commercial real estate is starting to falter in a
major way. Oil and metals remain elevated while the dollar remains relatively
weak. Banks are failing at a record pace and the FDIC is on the verge of
insolvency. The government is auctioning debt at a record pace (and record %
of GDP) while the deficit explodes. Banks are still NOT lending to small
businesses or homebuyers nor to each other. Much of this data is also showing
no sign of decelerating. Every week a new number comes out the revision for
the previous always seems to go worse!
And the GDP numbers, when analyzed, show that government spending and
issuance of government debt is keeping the economy from being much much
worse. And what happens when BRIC countries stop buying our debt and dollars?
The Ponzi scheme falls apart then? And what about diminished tax rolls both
local and federal due to low employment and low corporate earnings!?…
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO JUST ANOTHER BUILT-IN
COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON NON-PERFORMING / DECLINING
ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP, CONFIDENCE REALISTICALLY DOWN,
CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE NUMBERS, USED HOME SALES UP
WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER THAN EXPECTED MANTRA,
GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST COMMISSIONABLE BUBBLE
BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime
Syndicate
Americans oblivious to their pending “financial suicide”
CalPERS Is Unsustainable Jeff Nielsen
…Like lemmings racing for a cliff, the vast majority of Americans remain
completely oblivious to their pending “financial suicide”. For this, the
pseudo-journalists of the U.S. propaganda-machine bear most of the blame.
As with all Ponzi-schemes, the U.S. economy is totally dependent in
maintaining “confidence” in this massive con-game. Thus, while a plethora of
U.S. financial crises continue to worsen (including the pension-crisis) all
we are likely to hear from the propaganda-machine are chorus after chorus of
“Don't Worry, Be Happy”.
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
This Depression is just beginning You read that right! Only $400 billion of
that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to
raise equity for underwater banks rather than forcing them into receivership
(which is where they belong) Bernanke probably knew that congress wouldn’t
approve another TARP-type bailout for dodgy mortgage-backed assets, so he
settled on this shifty plan instead. The only problem is, the banks are still
broke, business investment is at historic lows, consumers are on the ropes,
the unemployment lines are swelling, the homeless shelters are bulging, the
pawn shops are bustling, tent cities are sprouting up everywhere, and
according to MarketWatch, Corporate insiders have recently been selling their
companies’ shares at a greater pace than at any time since the top of the
bull market in the fall of 2007.” Face it; the economy is in the crapper and
Bernanke’s trickery hasn’t done a lick of good. The Next Wave of Collapse is
Coming Sooner than you think Back in the Great Depression of 1929 through the
1930’s, we saw a similar Zig-zag pattern. There was a crash in 1929, followed
by a nice rally, but then the most devastating part of the market collapse
followed into the 1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which
is demonstrating this recession is over. Some may be at the bottom, others
have a way to go… An Artifical Recovery [$$] Why I Went Fully Into Cash
STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO JUST ANOTHER BUILT-IN
COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON NON-PERFORMING /
DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP, CONFIDENCE
REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE NUMBERS,
USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER THAN
EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser:
Prosecute the Bankster Crime Syndicate Max Keiser: Goldman Sachs Are “Scum,”
“Financial Terrorists” Bank profits not as impressive as they seem when you
take into account TARP funding, changed accounting rules to fudge books, new
stock issues, etc… um Cost Of Bailout Hits A Whopping $24 Trillion Dollars
Entering the Greatest Depression in History
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
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-ŕ-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.
*(1-3-08) $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..
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
REAL ECONOMIC/STOCK MARKET FORECASTS
Harry Dent, Jr.
Economy will be in a Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and
mid-2013, especially around early 2011, but if the banking system continues
to implode a deep downturn or depression could begin sometime in 2009 instead
of 2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the
latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010
and 2012
Russell Napier is the author of the book “Anatomy of the Bear”, a professor
at the Edinburgh Business School and a consultant to CLSA Ltd. which is one
of the top research houses in Asia. Napier’s research indicates (and I
paraphrase) that:
The S&P 500 will Decline to 400 by 2014 (the Dow 30 to 3800)
The S&P 500 will then undergo a major crash that will see U.S. equity
prices bottom at almost 50% below current levels (i.e. to 400 or less; the
Dow 30 to 3800 or less) sometime around 2014 as Tobin’s “q” drops to 0.3
signaling the end of the bear market, as it has done at the end of the four
largest U.S. market declines in 1921, 1932, 1949 and 1982.
U.S. Treasury Sales Could Collapse Leading to End of U.S. Dollar as Reserve
Currency
Robert R. Prechter Jr. is author of a number of newsletters and books
including “Elliott Wave Principle” (1978) in which he predicted the super
bull market of the 1980s; “At the Crest of the Tidal Wave – A Forecast of the
Great Bear Market” (1995) in which he predicted a slow motion economic
earthquake, brought about by a great asset mania, that would register 11 on
the financial Richter scale causing a collapse of historic proportions; and
“Conquer the Crash: You can Survive and Prosper in a Deflationary Depression”
(2002) in which he described the economic cataclysm that we are just
beginning to experience and advised how to position one’s self financially
during that period of time.
Depression is Imminent
The Dow Jones Industrial Average will go down to at least 1000, most likely
to below 777 which was the starting point of its mania back in August 1982,
and quite likely drop below 400 at one or more times during the bear market.
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Question: Should Donald Trump be indicted for stock fraud, misappropriation
of fiduciary funds and conspiracy to defraud shareholders, bondholders and
general creditors? Short Answer: Yes!
Background Statement: Trump Entertainment Resorts, Inc.(Pink Sheets: TRMPQ)(
the “Company”) is a holding company, which owns and manages its own
casinos/hotels in Atlantic City, New Jersey. The company, formerly known as
Trump Hotels & Casino Resorts, was formed in 2005 as a result of the
restructuring, caused primarily from mismanagement, fraud and deception by
Donald J. Trump. Prior to forming the Company and to hide his fraudulent
actions, Mr. Trump announced a preliminary agreement with its investors on
October 21, 2004. Preceding this announcement and for a period of 18 months,
Mr. Trump systemically sold shares of the public company, knowing full well
and not disclosing to the shareholders or in SEC files that the Company was
on the verge of bankruptcy. On November 21, the Company filed for bankruptcy.
Trump said the filing was “really just a technical thing” as the best way to
implement the restructuring plan – in other words to hide his fraud since the
“reorganization scheme did not require a full audit of the books and records
of the Company. The plan was submitted to the Bankruptcy Court on December
16, 2004. After the 2004 bankruptcy filing and discharge, the Company changed
its name to Trump Entertainment Resorts. Again Mr., Trump was able to
misappropriate fiduciary funds, conspire with others to defraud shareholders
and bondholders, sold more shares to the public without full disclosing the
true financial condition of the Company and other criminal acts too numerous
to include herein. On February 17, 2009, the Company again filed for Chapter
11 bankruptcy protection, in the face of multi-billion dollar debts. Nine
affiliates of the casino operator, including Trump Plaza Associates, Trump
Marina Associates, and Trump Taj Mahal Associates, also filed at the same
time. After stealing assets and other resources, misappropriating and
defrauding shareholder and bondholders of at least $5 billion, Mr. Trump had
the impudence on August 4, 2009 to offer to buy Trump Entertainment Resort
for $100 million.… This time the bondholders who would lose their entire
$1.25 billion investment are standing up to Mr. Trump, asking a Bankruptcy
court judge to block the planned sale of three Atlantic City casinos.
However, Mr. Trump is playing his hand like he’s invisible and has the right
to defraud shareholders and bondholders with impunity, caused the board of
directors of the Company to appoint his daughter Ivanka Trump, as operating
officer ( a mere shill with limited business sense of the casino industry)
and wipe out all the other creditor.
The numerous frauds committed by Donald J. Trump are classic examples of a
person with ‘top-line connections” and “influence” to pillage and plunder
without liability. The investigation conducted by Dartline clearly suggests
at the very least, the Securities and Exchange Commission (SEC) should look
into the inappropriate stock sales, especially their timing, while the
Justice Department and the New Jersey Casino Commission examine the Company’s
books and report from October 1, 2003 to February 14, 2009 (the date Mr.
Trump stepped down as the Company’s Chairman of the Board.
My Reply:
trump should be indicted!
You are quite naive! trump's modus operandi is to bribe and much of this is
done sub rosa, ie., in the guise of legal fees, etc.. The feds cover-up for
him (his sister maryanne is a federal judge, now 3rd Cir. Ct. Appeals). The
answer is yes, but don't hold your breath. While you're in probably the most
corrupt state in the u.s., the fact is america is pervasively corrupt.
This link is to a 5 page fact scenario under penalty of perjury I was asked
to prepare for the FBI
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm (note sam alito's
role as u.s. attorney - now on u.s. supreme court
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
) involving drug money laundered through the trump casinos (the RICO case was
initially assigned to newly appointed maryanne trump barry, his sister, and
the corrupt feds have been covering up ever since with additional predicate
acts along the way; a totally corrupt federal system which covered up the
recent massive securities fraud funded/bailed out by taxpayers). louis freeh,
considered by Judicial Watch to be the most corrupt FBI director in history,
as per former prosecutor Larry Klaiman and then staff. The so-called american
system is totally corrupt. america’s broke and broken. america’s done!
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO JUST ANOTHER BUILT-IN
COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON NON-PERFORMING /
DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP, CONFIDENCE
REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE NUMBERS,
USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER THAN
EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser:
Prosecute the Bankster Crime Syndicate Max Keiser: Goldman Sachs Are “Scum,”
“Financial Terrorists” Bank profits not as impressive as they seem when you
take into account TARP funding, changed accounting rules to fudge books, new
stock issues, etc… um Cost Of Bailout Hits A Whopping $24 Trillion Dollars
Entering the Greatest Depression in History
The following post by Stocksmurf:
Question: Should Donald Trump be indicted for stock fraud, misappropriation
of fiduciary funds and conspiracy to defraud shareholders, bondholders and
general creditors? (Yes!)
Background Statement: Trump Entertainment Resorts, Inc.(Pink Sheets: TRMPQ)(
the “Company”) is a holding company, which owns and manages its own
casinos/hotels in Atlantic City, New Jersey. The company, formerly known as
Trump Hotels & Casino Resorts, was formed in 2005 as a result of the
restructuring, caused primarily from mismanagement, fraud and deception by
Trump... Preceding this announcement and for a period of 18 months, Mr. Trump
systemically sold shares of the public company, knowing full well and not
disclosing to the shareholders or in SEC files that the Company was on the
verge of bankruptcy. On November 21, the Company filed for bankruptcy. Trump
said the filing was “really just a technical thing” as the best way to
implement the restructuring plan – in other words to hide his fraud since the
“reorganization scheme did not require a full audit of the books and records
of the Company. The plan was submitted to the Bankruptcy Court on December
16, 2004. After the 2004 bankruptcy filing and discharge, the Company changed
its name to Trump Entertainment Resorts. Again Mr., Trump was able to
misappropriate fiduciary funds, conspire with others to defraud shareholders
and bondholders, sold more shares to the public without full disclosing
…Company again filed for Chapter 11 bankruptcy protection, in the face of
multi-billion dollar debts. Nine affiliates of the casino operator, including
Trump Plaza Associates, Trump Marina Associates, and Trump Taj Mahal
Associates, also filed at the same time. After stealing assets and other
resources, misappropriating and defrauding shareholder and bondholders of at
least $5 billion, Mr. Trump …see his post…
The numerous frauds committed by Donald J. Trump are classic examples of a
person with ‘top-line connections” and “influence” to pillage and plunder
without liability. The investigation conducted by Dartline clearly suggests
at the very least, the Securities and Exchange Commission (SEC) should look
into the inappropriate stock sales, especially their timing, while the
Justice Department and the New Jersey Casino Commission examine the Company’s
books and report from October 1, 2003 to February 14, 2009 (the date Mr.
Trump stepped down as the Company’s Chairman of the Board.
My Reply:
trump should be indicted!
You are quite naive! trump's modus operandi is to bribe and much of this is
done sub rosa, ie., in the guise of legal fees, etc.. The feds cover-up for
him (his sister maryanne is a federal judge, now 3rd Cir. Ct. Appeals). The
answer is yes, but don't hold your breath. While you're in probably the most
corrupt state in the u.s., the fact is america is pervasively corrupt.
This link is to a 5 page fact scenario under penalty of perjury I was asked
to prepare for the FBI http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
(note sam alito's role as u.s. attorney - now on u.s. supreme court
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
) involving drug money laundered through the trump casinos (the RICO case was
initially assigned to newly appointed maryanne trump barry, his sister, and
the corrupt feds have been covering up ever since with additional predicate
acts along the way; a totally corrupt federal system which covered up the
recent massive securities fraud funded/bailed out by taxpayers). louis freeh,
considered by Judicial Watch to be the most corrupt FBI director in history,
as per former prosecutor Larry Klaiman and then staff. The so-called american
system is totally corrupt. america’s broke and broken. america’s done!
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO JUST ANOTHER BUILT-IN
COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON NON-PERFORMING /
DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP, CONFIDENCE
REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE NUMBERS,
USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER THAN
EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser:
Prosecute the Bankster Crime Syndicate Max Keiser: Goldman Sachs Are “Scum,”
“Financial Terrorists” Bank profits not as impressive as they seem when you
take into account TARP funding, changed accounting rules to fudge books, new
stock issues, etc… um Cost Of Bailout Hits A Whopping $24 Trillion Dollars
Entering the Greatest Depression in History
The following post by Stocksmurf:
Question: Should Donald Trump be indicted for stock fraud, misappropriation
of fiduciary funds and conspiracy to defraud shareholders, bondholders and
general creditors? (Yes!)
Background Statement: Trump Entertainment Resorts, Inc.(Pink Sheets: TRMPQ)(
the “Company”) is a holding company, which owns and manages its own casinos/hotels
in Atlantic City, New Jersey. The company, formerly known as Trump Hotels
& Casino Resorts, was formed in 2005 as a result of the restructuring,
caused primarily from mismanagement, fraud and deception by Trump...
Preceding this announcement and for a period of 18 months, Mr. Trump
systemically sold shares of the public company, knowing full well and not
disclosing to the shareholders or in SEC files that the Company was on the
verge of bankruptcy. On November 21, the Company filed for bankruptcy. Trump
said the filing was “really just a technical thing” as the best way to
implement the restructuring plan – in other words to hide his fraud since the
“reorganization scheme did not require a full audit of the books and records
of the Company. The plan was submitted to the Bankruptcy Court on December
16, 2004. After the 2004 bankruptcy filing and discharge, the Company changed
its name to Trump Entertainment Resorts. Again Mr., Trump was able to
misappropriate fiduciary funds, conspire with others to defraud shareholders
and bondholders, sold more shares to the public without full disclosing
…Company again filed for Chapter 11 bankruptcy protection, in the face of
multi-billion dollar debts. Nine affiliates of the casino operator, including
Trump Plaza Associates, Trump Marina Associates, and Trump Taj Mahal
Associates, also filed at the same time. After stealing assets and other
resources, misappropriating and defrauding shareholder and bondholders of at
least $5 billion, Mr. Trump …see his post…
The numerous frauds committed by Donald J. Trump are classic examples of a
person with ‘top-line connections” and “influence” to pillage and plunder
without liability. The investigation conducted by Dartline clearly suggests
at the very least, the Securities and Exchange Commission (SEC) should look
into the inappropriate stock sales, especially their timing, while the
Justice Department and the New Jersey Casino Commission examine the Company’s
books and report from October 1, 2003 to February 14, 2009 (the date Mr.
Trump stepped down as the Company’s Chairman of the Board.
My Reply:
trump should be indicted!
You are quite naive! trump's modus operandi is to bribe and much of this is
done sub rosa, ie., in the guise of legal fees, etc.. The feds cover-up for him
(his sister maryanne is a federal judge, now 3rd Cir. Ct. Appeals). The
answer is yes, but don't hold your breath. While you're in probably the most
corrupt state in the u.s., the fact is america is pervasively corrupt.
This link is to a 5 page fact scenario under penalty of perjury I was asked
to prepare for the FBI
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm (note sam alito's
role as u.s. attorney - now on u.s. supreme court
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
) involving drug money laundered through the trump casinos (the RICO case was
initially assigned to newly appointed maryanne trump barry, his sister, and
the corrupt feds have been covering up ever since with additional predicate
acts along the way; a totally corrupt federal system which covered up the
recent massive securities fraud funded/bailed out by taxpayers). louis freeh,
considered by Judicial Watch to be the most corrupt FBI director in history,
as per former prosecutor Larry Klaiman and then staff. The so-called american
system is totally corrupt. america’s broke and broken. america’s done!
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO JUST ANOTHER BUILT-IN
COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON NON-PERFORMING /
DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP, CONFIDENCE
REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE NUMBERS,
USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER THAN
EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC..
SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS AND
FRAUDULENT ENVIRONMENT
Bob Prechter Quite Sure Next Wave Down Will Be Bigger and March Lows Will
Break In late February, Robert Prechter of Elliott Wave International said
"cover your shorts," and predicted a sharp rally that would take
the S&P into the 1000 to 1100 range. With that prediction having come to
pass, Prechter is now saying investors should "step aside" from
long positions, and speculators should "start looking at the short
side.""The big question is whether the rally is over,"
Prechter says, suggesting "countertrend moves can be tricky" to
predict. But the veteran market watcher is "quite sure the next wave
down is going to be larger than what we've already experienced," and
take major averages well below their March 2009 lows. Yes, the late
2007-early 2009 market debacle was just a warm-up to what Prechter believes
will be the bear market's main attraction. In this regard, he says the
current cycle will echo past post-bubble periods such as America in the 1930s
and England in the 1720s, after the bursting of the South Sea bubble. The
2000 market peak market a "major trend change" for the market from
a very long-term cycle perspective, and the downside is going to continue to
be painful well into the next decade, Prechter says. "The extreme
overvaluation, the manic buying and bubbles in the late 1990s [and] mid-2000s
are for the history books - they're very large," he says. "The bear
market is going to have balance that out with some sort of significant
retrenchment."
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
The FDIC Is Broke. Now What? (Part II) Insiders Are Dumping Stock Dollar to
Decline Amid Concern It 'May Lose Reserve Status'... Jobless spike compounds
foreclosure crisis
Insiders Are Dumping Stock
A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are
rallying again today, and (as usual) it is a rally with no basis in reality.
Most of the enthusiasm comes from another string of corporate quarterly
results which “beat expectations”. I had hoped that the sheep were starting
to clue-in to this silly game, however it appears there is a still a large
pack of Pavlov's Dogs out there – who respond to their propaganda cues
without a moment of actual thought. The truth is that all of the companies
“beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud
was legalized in the United States (see “FASB strong-armed into
mark-to-fantasy accounting”), their bottom-lines have had absolutely no
connection to their business operations…
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Report: US dollars funding Israeli settlements
Israeli govt to grab more land
Team Twitter: israel’s Internet War
Israel army destroys house inside Gaza: witnesses (AFP)
How Israel lobby controls US IN the early 1960s, Sen. William J. Fulbright
fought to force the American Zionist Council to register as agents of a
foreign government. The council eluded registration by reorganizing as the
American...
Arrest of NJ Rabbis, Mayors, Lays Bare Global Crime Cabal The case of the New
Jersey rabbis who ran a mafia-style syndicate—with a sideline in body parts—
is only part of a global criminal conspiracy to traffic in human body parts
headquartered in Israel and financed by the Israeli National Health Plan.
A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are
rallying again today, and (as usual) it is a rally with no basis in reality.
‘Israel too weak to start war against Iran’
‘Israel should be serious about peace’
Bribery and fraud at heart of defense contracting work in Iraq and
Afghanistan
Afghan war questioned as more bodies flown home
Figure, a typical corrupt Jersey City political operative and defendant in NJ
corruption scandal found dead at home...
In anti-US rally, israelis slam u.s. as not pro-israel/jew racist enough’
Israeli tanks on rampage in Gaza Strip Settlements defy solution 304,569
occupiers in West Bank now
Hamid Gul: I am being demonized by Jews
Rabbis, Politicians Snared in FBI Sting
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Insiders Are Dumping Stock
A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are
rallying again today, and (as usual) it is a rally with no basis in reality.
Most of the enthusiasm comes from another string of corporate quarterly
results which “beat expectations”. I had hoped that the sheep were starting
to clue-in to this silly game, however it appears there is a still a large
pack of Pavlov's Dogs out there – who respond to their propaganda cues
without a moment of actual thought. The truth is that all of the companies
“beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud
was legalized in the United States (see “FASB strong-armed into
mark-to-fantasy accounting”), their bottom-lines have had absolutely no
connection to their business operations…
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are
rallying again today, and (as usual) it is a rally with no basis in reality.
Most of the enthusiasm comes from another string of corporate quarterly
results which “beat expectations”. I had hoped that the sheep were starting
to clue-in to this silly game, however it appears there is a still a large
pack of Pavlov's Dogs out there – who respond to their propaganda cues
without a moment of actual thought. The truth is that all of the companies
“beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud
was legalized in the United States (see “FASB strong-armed into
mark-to-fantasy accounting”), their bottom-lines have had absolutely no
connection to their business operations…
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
World stocks, oil tumble on u.s. fraud exposure and consumer worries
Connecticut Not Learning the Right Lessons from California Weekly Market
Outlook: Commercial Real Estate Continues to Deteriorate Equity Market:
Things Look Ugly for the Bulls Cam Hui…Given some of my recent warnings about
the equity market (see here and here), these additional data points are more
indications of the precarious state of the US equity market… Will
'Self-Preservation' Work After Decades of Fiscal Suicide? Jeff Nielson …After
decades of fiscal suicide, it is efforts at self-preservation which cement
the fate of the U.S. economy. However, with a Ponzi-scheme economy which is
now suffering the fate of all Ponzi-schemes, self-preservation is the only
strategy left for Americans.
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Ezra Nawi: Jewish Pacifist Facing Jail for Aiding Arabs (Time.com)
Israel rejects Sarkozy call to free prisoner (AFP) Abbas rules out talks
unless Israel halts settlements (AFP) israel urged to ‘rush’ into attack on
Iran
Israel killed Gazans waving white flags GAZA CITY: New York-based Human
Rights Watch (HRW) said in a reported on Thursday that Israeli soldiers
killed 11 Palestinian civilians, including five women and four children,
waving white flags during...
Go to following pages for above links:
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http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
REAL ECONOMIC/STOCK MARKET FORECASTS
Harry Dent, Jr.
Economy will be in a Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and
mid-2013, especially around early 2011, but if the banking system continues
to implode a deep downturn or depression could begin sometime in 2009 instead
of 2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the
latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010
and 2012
Russell Napier is the author of the book “Anatomy of the Bear”, a professor
at the Edinburgh Business School and a consultant to CLSA Ltd. which is one
of the top research houses in Asia. Napier’s research indicates (and I
paraphrase) that:
The S&P 500 will Decline to 400 by 2014 (the Dow 30 to 3800)
The S&P 500 will then undergo a major crash that will see U.S. equity
prices bottom at almost 50% below current levels (i.e. to 400 or less; the
Dow 30 to 3800 or less) sometime around 2014 as Tobin’s “q” drops to 0.3
signaling the end of the bear market, as it has done at the end of the four
largest U.S. market declines in 1921, 1932, 1949 and 1982.
U.S. Treasury Sales Could Collapse Leading to End of U.S. Dollar as Reserve
Currency
Robert R. Prechter Jr. is author of a number of newsletters and books
including “Elliott Wave Principle” (1978) in which he predicted the super
bull market of the 1980s; “At the Crest of the Tidal Wave – A Forecast of the
Great Bear Market” (1995) in which he predicted a slow motion economic
earthquake, brought about by a great asset mania, that would register 11 on
the financial Richter scale causing a collapse of historic proportions; and
“Conquer the Crash: You can Survive and Prosper in a Deflationary Depression”
(2002) in which he described the economic cataclysm that we are just
beginning to experience and advised how to position one’s self financially
during that period of time.
Depression is Imminent
The Dow Jones Industrial Average will go down to at least 1000, most likely
to below 777 which was the starting point of its mania back in August 1982,
and quite likely drop below 400 at one or more times during the bear market.
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
World stocks, oil tumble on u.s. fraud exposure and consumer worries
Connecticut Not Learning the Right Lessons from California Weekly Market
Outlook: Commercial Real Estate Continues to Deteriorate Equity Market:
Things Look Ugly for the Bulls Cam Hui…Given some of my recent warnings about
the equity market (see here and here), these additional data points are more
indications of the precarious state of the US equity market… Will
'Self-Preservation' Work After Decades of Fiscal Suicide? Jeff Nielson …After
decades of fiscal suicide, it is efforts at self-preservation which cement
the fate of the U.S. economy. However, with a Ponzi-scheme economy which is
now suffering the fate of all Ponzi-schemes, self-preservation is the only
strategy left for Americans.
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Thanks to Federal Reserve Chairman, Ben Bernanke, U.S. governments,
businesses and citizens were totally unprepared for the current economic
collapse. It was Bernanke who first told Americans that he and the other
banksters had created a “Goldilocks economy” where stock and home prices
would always go up and never go down, and jobs would be plentiful.
Then, when the magnitude of the U.S. housing “bubble” grew large enough for
all to see, Bernanke promised America a “soft landing” - vowing that when the
largest asset-bubble in history burst that it would have virtually no impact
on the U.S. economy.
As a result of Bernanke's lies, businesses, citizens and governments must now
make drastic adjustments to their budgeting and related spending decisions.
These difficult choices all have repercussions. Not only do the consequences
of these decisions have negative impacts on other players in the U.S.
economy, but many of the short-term, necessity-driven decisions made by
various entities today have negative, long-term impacts on themselves.
U.S. citizens are the most-indebted people on the planet. Thus, over the
short-term, as a matter of survival, Americans must dramatically curb their
spending to pay down their debts to a level which doesn't threaten them with
imminent bankruptcy.
Yet, with 70% of the U.S. economy dependent on consumption (and thus 70% of
the jobs, as well), as Americans make necessary reductions in their
debt-levels this reduced spending will inevitably cause the loss of vast
numbers of jobs in the retail sector. Therefore, someone reducing their
personal debts to help improve their financial picture may very well contribute
to their own loss of employment (and financial ruin) in doing so.
As for the retailers themselves, they have already noted this “generational
shift” in U.S. consumer behavior (see “The Death of the U.S. Consumer
Economy”). With the U.S. retail sector having an absurd amount of excess
capacity given the long-term decline in spending which has just begun, these
companies have little flexibility.
They are planning on dramatically reducing the number of retail outlets they
operate in favor of shifting to more “online retailing” - the only segment of
the retail sector which has not been devastated by declining sales (apart
from Wal-Mart (WMT)). This inevitably means vast numbers of lay-offs for U.S.
retailers.
The problem with this strategy is that every lay-off eliminates one more
consumer still able to consume at close to previous levels. Thus, the more
that retailers scale-back into online sales to cut costs, the more they
reduce the spending power of the consumers who support their businesses. This
is a self-reinforcing downward spiral – which the U.S. government has not
even begun to address.
Indeed, with their knee-jerk response to the crises which are occurring on
various fronts, on a regular basis, the U.S. government often hurts one group
when it tries to help another. It's “Cash-for-Clunkers” program had an
immediate (if temporary) positive impact for U.S. automakers.
However, getting the most-indebted people on the planet to go further into
debt – to purchase a “big-ticket” item like a car has some very powerful,
negative consequences. To start with, the consumer dollars which went into
these automobile purchases immediately reduced the amount of spending these
same consumers are doing with all the rest of the American retailers.
Meanwhile, many of these car-buyers will end up defaulting on their car
loans, adding to the grossly excessive supply of used cars in the U.S.
market. And, as even the “experts” acknowledge, many of the cars purchased
today will directly subtract from purchases which would have been made in
2010. Thus, while Ford (F) boldly announced plans to increase production, a
Cash-for-Clunkers “hangover” is already guaranteed to negatively impact these
companies next year.
Furthermore, “Cash-for-Clunkers” is already seeing reduced demand from
Americans, despite the fact the U.S. government just tripled the amount of
money they are throwing at this problem. There simply are not that many
Americans ready/willing/able to indulge in the purchase of a new automobile
right now.
Worse, Americans will be making payments on these new cars for years, meaning
that the money which disappeared from general retail spending in July is
gone. While manufacturing automobiles requires a lot of labour (and thus
jobs), retail sales of cars is not very labour-intensive compared to many
other forms of consumer spending. Thus, this small, one-time boost to the
U.S. manufacturing sector has a significantly negative long-term impact on
the entire U.S. retail sector.
As has been widely reported, U.S. banks are cutting credit-limits, reducing
lending, and “tightening the screws” further on Americans by increasing the
size of minimum payments on credit card balances. Putting aside the fact that
only complete idiots carry significant credit card balances, these efforts at
“self-preservation” hurt everyone – including the banks themselves.
Reducing credit to a consumer economy which is addicted to credit obviously
has negative repercussions – part of the same vicious circle described
earlier. With U.S. consumers forced to spend less through the dramatic
reduction in available credit, this reduced spending means large numbers of
job-losses, with those losing their jobs becoming the most likely candidates
to default on the numerous categories of debt held by U.S. banks.
Thus, as banks try to “protect” themselves through restricting credit, they
create large numbers of defaults – translating into even more losses on their
balance sheets, and at a time when all categories of loan-delinquencies are
already at all-time records.
In the devastated U.S. housing sector, “self-preservation” is also producing
(or will produce) its own series of unintended consequences. With virtually
all U.S. home-builders threatened with bankruptcy, and sales of higher-end
homes completely evaporating, all U.S. home-builders rushed into the low-end
housing market (primarily through apartments/condominiums) – at the same
time.
The result of this flight-of-the-lemmings is that for well over a year, every
month U.S. home-builders have been starting construction on (at least) 50%
more homes than they are selling. Increasing inventories in the most
over-supplied housing market in history threatens the survival of all these
home-builders – both individually and collectively.
Then there are the retiring U.S. baby-boomers, who are suddenly discovering
that their retirements are severely under-funded. This shortfall can only
increase dramatically as the U.S. government cannot pay any of the unfunded
$70 trillion in entitlement-programs – which these same baby-boomers planned
on leaching from their children and grandchildren.
With real estate comprising 75% of the assets of these baby-boomers, dumping
real estate (year-after-year, decade-after-decade) is their only option. With
over 20 million empty homes across the U.S., there is an endless supply of
homes – all aimed at a tiny portion of Americans capable of being future
buyers in this shattered economy.
This is the inevitable outcome of running a “Ponzi-scheme economy”, where
mountains of leveraged debt can only be stabilized by mountains of new debt
to allow borrowers to (temporarily) continue to make payments on debts they
will never pay off.
As has been frequently pointed out by one-time laughing-stock, Peter Schiff
(and many other non-mainstream commentators), you cannot solve economic
problems caused by recklessly excessive borrowing-and-spending by engaging in
even more reckless borrowing-and-spending.
“Self-preservation” actions are more than offsetting efforts by the Obama
regime to re-inflate this Ponzi-scheme. The only path to financial health for
Americans (and the United States, as a whole) is to dramatically ratchet-down
spending and debt-levels – which can only occur over a period of many years.
The problem is that this “deficits don't matter” economy was based upon the
foundation of ever-increasing debt. As with all other Ponzi-schemes, the U.S.
economy cannot be fixed.
While individual actors may be able to save themselves as the “Titanic” goes
down, the sinking of the U.S. economy is as inevitable as that ill-fated
cruise ship. Attempts to avoid this certain fate can only make matters worse.
For those who believe that nothing could be worse than default on the
national debt, I urge people to study the examples of other doomed economies
which tried to avoid an inevitable fate – invariably through more reckless
borrowing, followed by even more reckless money-printing. This inevitably
means hyperinflation: the reduction of the value of currency to zero,
followed by national default.
The United States is already confronted by total public and private debts
which exceed $56 TRILLION. This mountain of debt is much too large to even be
serviced by this relatively puny economy – as demonstrated by the fact the
U.S. government is already forced to print money just to pay the interest on
its debt.
Add in the additional $70 trillion (or so) of additional “unfunded
liabilities”, and the question immediately shifts from “if” the U.S. will
default on its debts to “when” it will default on its debts.
It's a matter of elementary logic that a nation which has to print money to
pay interest on its current debts (while borrowing more money at a faster
rate than any time in history) cannot possibly reduce future spending by $70
trillion. Even if this was spread out over thirty years, this would mean
cutting spending by more than $2 trillion per year.
After decades of fiscal suicide, it is efforts at self-preservation which
cement the fate of the U.S. economy. However, with a Ponzi-scheme economy
which is now suffering the fate of all Ponzi-schemes, self-preservation is
the only strategy left for Americans.
Equity Market: Things Look Ugly for the Bulls Cam Hui…Given some of my recent
warnings about the equity market (see here and here), these additional data
points are more indications of the precarious state of the US equity market…
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
This has been a huge, fraudulent scam and this depression is just beginning!
This Depression is just beginning You read that right! Only $400 billion of
that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s trickery
hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than
you think Back in the Great Depression of 1929 through the 1930’s, we saw a
similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since 1932... The Great
Depression Two Continues There is no coincident data which is demonstrating
this recession is over. Some may be at the bottom, others have a way to go…
An Artifical Recovery [$$] Why I Went Fully Into Cash
STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO JUST ANOTHER BUILT-IN
COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON NON-PERFORMING /
DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP, CONFIDENCE
REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE NUMBERS,
USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER THAN
EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC..
REAL ECONOMIC/STOCK MARKET FORECASTS
Harry Dent, Jr.
Economy will be in a Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and
mid-2013, especially around early 2011, but if the banking system continues
to implode a deep downturn or depression could begin sometime in 2009 instead
of 2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the
latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010
and 2012
Russell Napier is the author of the book “Anatomy of the Bear”, a professor
at the Edinburgh Business School and a consultant to CLSA Ltd. which is one
of the top research houses in Asia. Napier’s research indicates (and I
paraphrase) that:
The S&P 500 will Decline to 400 by 2014 (the Dow 30 to 3800)
The S&P 500 will then undergo a major crash that will see U.S. equity
prices bottom at almost 50% below current levels (i.e. to 400 or less; the
Dow 30 to 3800 or less) sometime around 2014 as Tobin’s “q” drops to 0.3
signaling the end of the bear market, as it has done at the end of the four
largest U.S. market declines in 1921, 1932, 1949 and 1982.
U.S. Treasury Sales Could Collapse Leading to End of U.S. Dollar as Reserve
Currency
Robert R. Prechter Jr. is author of a number of newsletters and books
including “Elliott Wave Principle” (1978) in which he predicted the super
bull market of the 1980s; “At the Crest of the Tidal Wave – A Forecast of the
Great Bear Market” (1995) in which he predicted a slow motion economic
earthquake, brought about by a great asset mania, that would register 11 on
the financial Richter scale causing a collapse of historic proportions; and
“Conquer the Crash: You can Survive and Prosper in a Deflationary Depression”
(2002) in which he described the economic cataclysm that we are just
beginning to experience and advised how to position one’s self financially
during that period of time.
Depression is Imminent
The Dow Jones Industrial Average will go down to at least 1000, most likely
to below 777 which was the starting point of its mania back in August 1982,
and quite likely drop below 400 at one or more times during the bear market.
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Maine TV Station Airs Report on National Guard and Flu Pandemic Riots Equal
Opportunity: Bush as Joker Poster for Download Florida Police Interrogate Suspect
in Obama-Joker Poster Crime Excellent Obama as Joker Contest Entries Keep
Coming Infowars | The response to the video contest to expose Obama is
overwhelming. Obama Joker Poster Banned From Workplace US raid claims 3 more
Afghan’ civilian lives Military Confirms States Deciding Mandatory
Vaccination
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Colonial BancGroup shut down by federal officials (AP) Economist: Claim that Economy
Has Recovered “Is Like Somebody Borrowing Money from Their Uncle and Then
Celebrating that Their Income Has Gone Up” Workers Slotted for Layoff Block
Road Outside Wells Fargo Headquarters US preparing to prosecute 150 UBS
account holders Toxic Loans May Push 150 Banks to Point of No Return
Bloomberg | More than 150 publicly traded U.S. lenders own nonperforming
loans that equal 5 percent or more of their holdings, a level that former
regulators say can wipe out a bank’s equity and threaten its survival.
Economist: Claim that Economy Has Recovered “Is Like Somebody Borrowing Money
from Their Uncle and Then Celebrating that Their Income Has Gone Up”
A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are
rallying again today, and (as usual) it is a rally with no basis in reality.
Most of the enthusiasm comes from another string of corporate quarterly
results which “beat expectations”. I had hoped that the sheep were starting
to clue-in to this silly game, however it appears there is a still a large
pack of Pavlov's Dogs out there – who respond to their propaganda cues
without a moment of actual thought. The truth is that all of the companies
“beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud
was legalized in the United States (see “FASB strong-armed into
mark-to-fantasy accounting”), their bottom-lines have had absolutely no
connection to their business operations…
Toxic Loans May Push 150 Banks to Point of No Return Bloomberg | More than
150 publicly traded U.S. lenders own nonperforming loans that equal 5 percent
or more of their holdings, a level that former regulators say can wipe out a
bank’s equity and threaten its survival.
Go to following pages for above links:
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http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Published: 8:26PM BST 12 Aug 2009
Britain's Uber-bear is growling again. After predicting a torrid "relief
rally" over the early summer, Bob Janjuah at Royal Bank of Scotland is
advising clients to take profits in global equity and commodity markets and
prepare for another storm as winter nears. "We are now in the middle of
a parabolic spike up," he said in his latest confidential note to
clients. "I expect this risk rally to continue into – and maybe through
– a large part of August. What happens after that? The next ugly leg of the
bear market begins as we get into the July through September 'tipping zone',
driven by the failure of the data to validate the V (shaped recovery) that is
now fully priced into markets." The key indicators to watch are business
spending on equipment (Capex), incomes, jobs, and profits. Only a "surge
higher" in these gauges can justify current asset prices. Results that
are merely "less bad" will not suffice.
He expects global stock markets to test their March lows, and probably worse.
The slide could last three months. "A move to new lows is highly
likely," he said. Mr Janjuah, RBS's chief credit strategist, has a loyal
following in the City. He was one of the very few analysts to speak out early
about the dangerous excesses of the credit bubble. He then made waves in the
summer of 2008 by issuing a global crash alert, giving warning that a
"very nasty period is soon to be upon us" as – indeed it was.
Lehman Brothers and AIG imploded weeks later.
This time he expects the S&P 500 index of US equities to reach the
"mid 500s", almost halving from current levels near 1000. Such a
fall would take London's FTSE 100 to around 2,500. The iTraxx Crossover index
measuring spreads on low-grade European debt will double to 1250.
Mr Janjuah advises investors to seek safety in 10-year German bonds in late
August or early September.
While media headlines have played up the short-term bounce of corporate
earnings, Mr Janjuah said this is a statistical illusion. Profits were in
reality down 20pc in the second quarter from the year before. They cannot
rise much as the West slowly purges debt and adjusts to record over-capacity.
"Investors are again being sucked back into the game where 'markets make
opinions', where 'excess liquidity' is the driving investment rationale.
"The last two Augusts proved to be pivotal turning points: August 2007
being the proverbial 'head-fake' when everyone wanted to believe that
policy-makers had seen off the credit disaster at the pass, and August 2008
being the calm before the utter collapse of Sept/Oct/Nov… 3rd time lucky
anyone?" The elephant in the room is the spiralling public debt as
private losses are shifted on to the taxpayer, especially in Britain and
America. "Ask yourself this: who bails out Government after they have
bailed out everyone?" Mr Janjuah said governments might put off the day
of reckoning into the middle of next year if they resort to another shot of
stimulus, but that would store yet further problems. "If what I fear
plays out then I will have to concede that the lunatics who ran the asylum
pretty much into the ground last year are back in control." …
SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS AND
FRAUDULENT ENVIRONMENT AS SUCKERS’ RALLY CONTINUES BASED ON EVEN WORSE THAN
EXPECTED NEWS [ Insiders Continue to Sell, Sell, Sell (at Seeking Alpha
8/13/09) PAPER: Fresh alert on global stock markets... Retail sales fall, new
jobless claims rise (Reuters) US Home Foreclosures Set Another Record in July
] PERSONAL & BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR DOWN,
FORECLOSURES UP 32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES UNDERWATER,
COMMERCIAL TO FOLLOW, $100+ OIL AROUND CORNER; CELENTE-DEPRESSION NOW
UNDERWAY Bob Prechter Quite Sure Next Wave Down Will Be Bigger and March Lows
Will Break
Go to following pages for above links:
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http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
DRUDGEREPORT: Federal deficit higher in July, $1.27T this year; Record
spending...
Home foreclosures set another record in July; Rise 7%...
PAGLIA: PELOSI MUST GO...
RASMUSSEN POLL: Obama Approval Rating Falls to New Low: 47 %...
'No He Can't!' Anti-Obama Trinkets Explode in Sales...
VIDEO: Sen. Specter Shouted Down Over Health Care...
SEE THEM SWEAT IN NEW JERSEY...
Israel rejects Sarkozy call to free prisoner (AFP) Abbas rules out talks
unless Israel halts settlements (AFP) israel urged to ‘rush’ into attack on
Iran
Go to following pages for above links:
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http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
I had occasion to hear a caller from Bloomsburg, PA, call in to a radio (I
take a sampling from time to time) talk show (coasttocoastam.com) guest
regarding security, citing Eisenhower’s admonition regarding the military
industrial complex correctly and simply pointed out that the continued
(illegal) wars (war profiteering, etc.) by u.s. are to keep the money rolling
to and for the benefit of the military industrial complex.
It’s quite that simple and to the detriment of this and other nations (and
importantly, innocent civilians) though his astute observation drew little
fanfare though deserving accolades.
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Published: 8:26PM BST 12 Aug 2009
Britain's Uber-bear is growling again. After predicting a torrid "relief
rally" over the early summer, Bob Janjuah at Royal Bank of Scotland is
advising clients to take profits in global equity and commodity markets and
prepare for another storm as winter nears. "We are now in the middle of
a parabolic spike up," he said in his latest confidential note to
clients. "I expect this risk rally to continue into – and maybe through
– a large part of August. What happens after that? The next ugly leg of the
bear market begins as we get into the July through September 'tipping zone',
driven by the failure of the data to validate the V (shaped recovery) that is
now fully priced into markets." The key indicators to watch are business
spending on equipment (Capex), incomes, jobs, and profits. Only a "surge
higher" in these gauges can justify current asset prices. Results that
are merely "less bad" will not suffice.
He expects global stock markets to test their March lows, and probably worse.
The slide could last three months. "A move to new lows is highly
likely," he said. Mr Janjuah, RBS's chief credit strategist, has a loyal
following in the City. He was one of the very few analysts to speak out early
about the dangerous excesses of the credit bubble. He then made waves in the
summer of 2008 by issuing a global crash alert, giving warning that a
"very nasty period is soon to be upon us" as – indeed it was.
Lehman Brothers and AIG imploded weeks later.
This time he expects the S&P 500 index of US equities to reach the
"mid 500s", almost halving from current levels near 1000. Such a
fall would take London's FTSE 100 to around 2,500. The iTraxx Crossover index
measuring spreads on low-grade European debt will double to 1250.
Mr Janjuah advises investors to seek safety in 10-year German bonds in late
August or early September.
While media headlines have played up the short-term bounce of corporate
earnings, Mr Janjuah said this is a statistical illusion. Profits were in
reality down 20pc in the second quarter from the year before. They cannot
rise much as the West slowly purges debt and adjusts to record over-capacity.
"Investors are again being sucked back into the game where 'markets make
opinions', where 'excess liquidity' is the driving investment rationale.
"The last two Augusts proved to be pivotal turning points: August 2007
being the proverbial 'head-fake' when everyone wanted to believe that
policy-makers had seen off the credit disaster at the pass, and August 2008
being the calm before the utter collapse of Sept/Oct/Nov… 3rd time lucky
anyone?" The elephant in the room is the spiralling public debt as
private losses are shifted on to the taxpayer, especially in Britain and
America. "Ask yourself this: who bails out Government after they have
bailed out everyone?" Mr Janjuah said governments might put off the day
of reckoning into the middle of next year if they resort to another shot of
stimulus, but that would store yet further problems. "If what I fear
plays out then I will have to concede that the lunatics who ran the asylum
pretty much into the ground last year are back in control." …
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Published: 8:26PM BST 12 Aug 2009
Britain's Uber-bear is growling again. After predicting a torrid "relief
rally" over the early summer, Bob Janjuah at Royal Bank of Scotland is
advising clients to take profits in global equity and commodity markets and
prepare for another storm as winter nears. "We are now in the middle of
a parabolic spike up," he said in his latest confidential note to
clients. "I expect this risk rally to continue into – and maybe through
– a large part of August. What happens after that? The next ugly leg of the
bear market begins as we get into the July through September 'tipping zone',
driven by the failure of the data to validate the V (shaped recovery) that is
now fully priced into markets." The key indicators to watch are business
spending on equipment (Capex), incomes, jobs, and profits. Only a "surge
higher" in these gauges can justify current asset prices. Results that
are merely "less bad" will not suffice.
He expects global stock markets to test their March lows, and probably worse.
The slide could last three months. "A move to new lows is highly
likely," he said. Mr Janjuah, RBS's chief credit strategist, has a loyal
following in the City. He was one of the very few analysts to speak out early
about the dangerous excesses of the credit bubble. He then made waves in the
summer of 2008 by issuing a global crash alert, giving warning that a
"very nasty period is soon to be upon us" as – indeed it was.
Lehman Brothers and AIG imploded weeks later.
This time he expects the S&P 500 index of US equities to reach the
"mid 500s", almost halving from current levels near 1000. Such a
fall would take London's FTSE 100 to around 2,500. The iTraxx Crossover index
measuring spreads on low-grade European debt will double to 1250.
Mr Janjuah advises investors to seek safety in 10-year German bonds in late
August or early September.
While media headlines have played up the short-term bounce of corporate
earnings, Mr Janjuah said this is a statistical illusion. Profits were in
reality down 20pc in the second quarter from the year before. They cannot
rise much as the West slowly purges debt and adjusts to record over-capacity.
"Investors are again being sucked back into the game where 'markets make
opinions', where 'excess liquidity' is the driving investment rationale.
"The last two Augusts proved to be pivotal turning points: August 2007
being the proverbial 'head-fake' when everyone wanted to believe that
policy-makers had seen off the credit disaster at the pass, and August 2008
being the calm before the utter collapse of Sept/Oct/Nov… 3rd time lucky
anyone?" The elephant in the room is the spiralling public debt as
private losses are shifted on to the taxpayer, especially in Britain and
America. "Ask yourself this: who bails out Government after they have
bailed out everyone?" Mr Janjuah said governments might put off the day
of reckoning into the middle of next year if they resort to another shot of
stimulus, but that would store yet further problems. "If what I fear
plays out then I will have to concede that the lunatics who ran the asylum
pretty much into the ground last year are back in control." …
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Specter: Critics don’t “represent all of America” Riiiiight!…that old “silent
majority trick”
Sen. Specter Shouted Down Over Health Care Sen. Arlen Specter (D-PA), who had
his brain drained some years ago, was shouted down at a health care town hall
meeting. The man accused Specter of having his pockets stuffed with money
from lobbyists.
Gerald Celente 2.5 Million Jobs Lost Since Obama’s Presidency You Tube |
Trends Forecaster (trendsresearch.com) Gerald Celente speaks with Russia
Today about the real effects of the economic downturn under Obama– starting
with mass job loss.
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
The TARP Time Bomb the Media Missed
…So far, David Corn observes, the news that TARP’s billions have not been
used as intended, and that the economy remains at real risk, has barely
registered on the media’s radar. Read the rest of the column here. An
Economic Time-Bomb Being Mishandled by the Obama Administratio…On Tuesday, the
Congressional Oversight Panel, which was set up to monitor the $700 billion
Troubled Assets Relief Program (aka the Big Bank Bailout), put out another of
its monthly reports, and this one notes that the Treasury Department has not
used its TARP billions to purchase this junk–which includes both lousy
commercial and residential mortgages and securities based on lousy
mortgages–and that billions of dollars of toxic assets remain on the books,
threatening the security of numerous financial institutions...
Don’t forget: A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Most of the enthusiasm comes from another string of corporate
quarterly results which “beat expectations”. I had hoped that the sheep were
starting to clue-in to this silly game, however it appears there is a still a
large pack of Pavlov's Dogs out there – who respond to their propaganda cues
without a moment of actual thought. The truth is that all of the companies
“beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud
was legalized in the United States (see “FASB strong-armed into
mark-to-fantasy accounting”), their bottom-lines have had absolutely no
connection to their business operations…
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Bob Prechter Quite Sure Next Wave Down In Stock Prices Will Be Bigger and
March Lows Will Break
'No He Can't!' Anti-Obama Trinkets Explode in Sales...
VIDEO: Sen. Specter Shouted Down Over Health Care...
SEE THEM SWEAT IN NEW JERSEY...
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Sen. Specter Shouted Down Over Health Care Sen. Arlen Specter (D-PA), who had
his brain drained some years ago, was shouted down at a health care town hall
meeting. The man accused Specter of having his pockets stuffed with money
from lobbyists.
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Florida News Report on Obama Joker “Vandalism” Kurt Nimmo | It will now be
considered a racist crime to criticize and parody Obama. How long before this
criticism and disagreement becomes a punishable crime? Critics Say White
House Enemies List Illegal NY Times Reporter: I Was Fired For Criticizing
Obama, Goldman Sachs Under Obamacare, The Government Would Indoctrinate Your
Kids Paul Joseph Watson | Chuck Norris slams Stalinist “home intrusion and
indoctrination” program. TV star and political commentator Chuck Norris points
out in an editorial today that under the Obamacare legislation currently
being vociferously opposed in town halls across the country, the government
would empower itself to carry out home intrusions and state re-education of
children under a Stalinist indoctrination program. Citizen Revolt to Obama
Care Amid protests, Obama assails insurance companies Obama Caught Lying
Again, Making Back Room Deals with Pharmaceutical Lobbyists This is No
Recession, It’s a Depression: It’s a Planned Demolition Mike Whitney | The
financial meltdown is the logical outcome of the Fed’s monetary policies.
It’s a planned demolition. German Media Covers Obama Joker Poster Why Are
Internment Camps Being Built? Chuck Baldwin | Why is the federal government
constructing large numbers of internment camps, and who does the government
plan on incarcerating in those camps? Judge Jails Man for Yawning in Court
Sibel Edmonds Deposition: Deep Corruption Beneath the Surface Erik Larson |
No so-called “mainstream” print or broadcast media showed up to cover the
deposition. Torturing Children: Bush’s Legacy and Democracy’s Failure
Blackwater linked to political murders and sex ring Attacks Against Iran
Intensify Does the US Run the Iranian Opposition? Lew Rockwell | Hillary
admits to the the funding and support, but it becomes clearer and clearer
that the Green Revolution was just another Made in the USA color aggression.
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO JUST ANOTHER BUILT-IN
COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON NON-PERFORMING /
DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP, CONFIDENCE
REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE NUMBERS,
USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER THAN
EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC..
SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS AND
FRAUDULENT ENVIRONMENT
Bob Prechter Quite Sure Next Wave Down Will Be Bigger and March Lows Will
Break In late February, Robert Prechter of Elliott Wave International said
"cover your shorts," and predicted a sharp rally that would take
the S&P into the 1000 to 1100 range. With that prediction having come to pass,
Prechter is now saying investors should "step aside" from long
positions, and speculators should "start looking at the short
side.""The big question is whether the rally is over,"
Prechter says, suggesting "countertrend moves can be tricky" to
predict. But the veteran market watcher is "quite sure the next wave
down is going to be larger than what we've already experienced," and
take major averages well below their March 2009 lows. Yes, the late
2007-early 2009 market debacle was just a warm-up to what Prechter believes
will be the bear market's main attraction. In this regard, he says the
current cycle will echo past post-bubble periods such as America in the 1930s
and England in the 1720s, after the bursting of the South Sea bubble. The
2000 market peak market a "major trend change" for the market from
a very long-term cycle perspective, and the downside is going to continue to
be painful well into the next decade, Prechter says. "The extreme
overvaluation, the manic buying and bubbles in the late 1990s [and] mid-2000s
are for the history books - they're very large," he says. "The bear
market is going to have balance that out with some sort of significant
retrenchment."
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
The Market's Horoscope: Downside Correction Peter Cooper, Seeking Alpha
…What is happening? The stage is being set for a massive wipeout in equities
worldwide. The days of this supercycle peak that fund managers believe they
can ride for much longer are numbered. People are going to wait too long and
when the stampede begins, they won’t be able to find buyers for their stocks.
Hedge fund strategies will fail. Absolute returns will fail. Pension funds
will suffer.
Civil infrastructures will be tested to their limits against growing numbers
of the poor as they migrate to richer countries. Companies will be going
bankrupt by the dozen.
It is time you began to reflect on this possibility very seriously. It could
be many years before the equity markets even begin to regain their current
levels. If you do not have five to 10 years to spend waiting for your
investments to recover, then the stock markets are definitely not the place
you should be at the end of this decade…
That is what they normally do, and this is the worst recession in living
memory, so logically it ought to be a worse market downturn than normal (and
certainly not better as it is now)…It would not be unreasonable to expect a
capitulation this autumn to hit 50 per cent of current levels, or 500 points
on the S&P. http://seekingalpha.com/article/154879-the-market-s-horoscope-downside-correction?source=yahoo
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
The Market's Horoscope: Downside Correction Peter Cooper, Seeking Alpha
…What is happening? The stage is being set for a massive wipeout in equities
worldwide. The days of this supercycle peak that fund managers believe they
can ride for much longer are numbered. People are going to wait too long and
when the stampede begins, they won’t be able to find buyers for their stocks.
Hedge fund strategies will fail. Absolute returns will fail. Pension funds
will suffer.
Civil infrastructures will be tested to their limits against growing numbers
of the poor as they migrate to richer countries. Companies will be going
bankrupt by the dozen.
It is time you began to reflect on this possibility very seriously. It could
be many years before the equity markets even begin to regain their current
levels. If you do not have five to 10 years to spend waiting for your
investments to recover, then the stock markets are definitely not the place
you should be at the end of this decade…
That is what they normally do, and this is the worst recession in living
memory, so logically it ought to be a worse market downturn than normal (and
certainly not better as it is now)…It would not be unreasonable to expect a
capitulation this autumn to hit 50 per cent of current levels, or 500 points
on the S&P.
http://seekingalpha.com/article/154879-the-market-s-horoscope-downside-correction?source=yahoo
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
How Israel lobby controls US IN the early 1960s, Sen. William J. Fulbright
fought to force the American Zionist Council to register as agents of a
foreign government. The council eluded registration by reorganizing as the
American...
Arrest of NJ Rabbis, Mayors, Lays Bare Global Crime Cabal The case of the New
Jersey rabbis who ran a mafia-style syndicate—with a sideline in body parts—
is only part of a global criminal conspiracy to traffic in human body parts
headquartered in Israel and financed by the Israeli National Health Plan.
A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are
rallying again today, and (as usual) it is a rally with no basis in reality.
‘Israel too weak to start war against Iran’
‘Israel should be serious about peace’
Bribery and fraud at heart of defense contracting work in Iraq and
Afghanistan
Afghan war questioned as more bodies flown home
Figure, a typical corrupt Jersey City political operative and defendant in NJ
corruption scandal found dead at home...
In anti-US rally, israelis slam u.s. as not pro-israel/jew racist enough’
Israeli tanks on rampage in Gaza Strip Settlements defy solution 304,569
occupiers in West Bank now
Hamid Gul: I am being demonized by Jews
Rabbis, Politicians Snared in FBI Sting
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Scams And Bailouts The Cause of World Depression This Is Where Each of Your
1.421 Trillion Dollars Is Going In 2010 European Court Ruling spells an end
to water fluoridation Warships in Suez prepare for Iran attack Iraq’s worst
violence since withdrawal Abuse Images ‘Disgust’ Top US Military Chief
Report: Bumbling, bungling, brain-damaged war criminal bush mulled sending
troops into Buffalo (AP)
israelis arrest Palestinian civilian/activist
How Israel lobby controls US IN the early 1960s, Sen. William J. Fulbright
fought to force the American Zionist Council to register as agents of a
foreign government. The council eluded registration by reorganizing as the
American...
israel censors/removes Nakba from schoolbooks Dozens wounded in Gaza wedding
blast Editorial: Wrong calculations
DRUDGEREPORT: USATODAYGALLUP: Poll Danger Signs; Obama Tracking Lower Than
Carter...
Detroit Schools on the Brink, Bankruptcy...
WIRE: So what happened to the promises?
California counties, cities to fight budget deal...
Israeli govt to grab more land
Team Twitter: israel’s Internet War
Israel army destroys house inside Gaza: witnesses (AFP)
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Arrest of NJ Rabbis, Mayors, Lays Bare Global Crime Cabal The case of the New
Jersey rabbis who ran a mafia-style syndicate—with a sideline in body parts—
is only part of a global criminal conspiracy to traffic in human body parts
headquartered in Israel and financed by the Israeli National Health Plan.
A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are
rallying again today, and (as usual) it is a rally with no basis in reality.
‘Israel too weak to start war against Iran’
‘Israel should be serious about peace’
Bribery and fraud at heart of defense contracting work in Iraq and
Afghanistan
Afghan war questioned as more bodies flown home
Figure, a typical corrupt Jersey City political operative and defendant in NJ
corruption scandal found dead at home...
In anti-US rally, israelis slam u.s. as not pro-israel/jew racist enough’
Israeli tanks on rampage in Gaza Strip Settlements defy solution 304,569
occupiers in West Bank now
Hamid Gul: I am being demonized by Jews
Rabbis, Politicians Snared in FBI Sting
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Scams And Bailouts The Cause of World Depression This Is Where Each of Your
1.421 Trillion Dollars Is Going In 2010 European Court Ruling spells an end
to water fluoridation Warships in Suez prepare for Iran attack Iraq’s worst
violence since withdrawal Abuse Images ‘Disgust’ Top US Military Chief
Report: Bumbling, bungling, brain-damaged war criminal bush mulled sending
troops into Buffalo (AP)
israelis arrest Palestinian civilian/activist
How Israel lobby controls US IN the early 1960s, Sen. William J. Fulbright
fought to force the American Zionist Council to register as agents of a
foreign government. The council eluded registration by reorganizing as the
American...
israel censors/removes Nakba from schoolbooks Dozens wounded in Gaza wedding
blast Editorial: Wrong calculations
DRUDGEREPORT: USATODAYGALLUP: Poll Danger Signs; Obama Tracking Lower Than
Carter...
Detroit Schools on the Brink, Bankruptcy...
WIRE: So what happened to the promises?
California counties, cities to fight budget deal...
Israeli govt to grab more land
Team Twitter: israel’s Internet War
Israel army destroys house inside Gaza: witnesses (AFP)
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Economy will be in a Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and
mid-2013, especially around early 2011, but if the banking system continues
to implode a deep downturn or depression could begin sometime in 2009 instead
of 2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the
latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010
and 2012
Russell Napier is the author of the book “Anatomy of the Bear”, a professor
at the Edinburgh Business School and a consultant to CLSA Ltd. which is one
of the top research houses in Asia. Napier’s research indicates (and I
paraphrase) that:
The S&P 500 will Decline to 400 by 2014 (the Dow 30 to 3800)
The S&P 500 will then undergo a major crash that will see U.S. equity
prices bottom at almost 50% below current levels (i.e. to 400 or less; the
Dow 30 to 3800 or less) sometime around 2014 as Tobin’s “q” drops to 0.3
signaling the end of the bear market, as it has done at the end of the four
largest U.S. market declines in 1921, 1932, 1949 and 1982.
U.S. Treasury Sales Could Collapse Leading to End of U.S. Dollar as Reserve
Currency
Robert R. Prechter Jr. is author of a number of newsletters and books
including “Elliott Wave Principle” (1978) in which he predicted the super
bull market of the 1980s; “At the Crest of the Tidal Wave – A Forecast of the
Great Bear Market” (1995) in which he predicted a slow motion economic
earthquake, brought about by a great asset mania, that would register 11 on
the financial Richter scale causing a collapse of historic proportions; and
“Conquer the Crash: You can Survive and Prosper in a Deflationary Depression”
(2002) in which he described the economic cataclysm that we are just
beginning to experience and advised how to position one’s self financially
during that period of time.
Depression is Imminent
The Dow Jones Industrial Average will go down to at least 1000, most likely
to below 777 which was the starting point of its mania back in August 1982,
and quite likely drop below 400 at one or more times during the bear market.
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Max Keiser: Prosecute the Bankster Crime Syndicate Some banks paid bonuses
bigger than income (7-29-09) Insiders Selling at Alarming Levels …Although
the level of insider selling is certainly alarming it's important to note
that the very low levels of buying are particularly alarming. Insiders sell
stock for many reasons, but they generally only buy stock for one reason:
they believe the stock is going up. Despite the fact the media is reporting
an end to the recession, a bottom in housing and a trough in earnings we are
seeing a vote of zero confidence from the people who know these companies
better than anyone else…
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
CONTINUED FRAUD WITH PROGRAMMED SUCKERS’ RALLY DESPITE NEW RECORD FOR
CONTINUING UNEMPLOYMENT CLAIMS AT 6.3 MILLION AND AS I WARNED, WATCH FOR FAKE
REPORTS IN DESPERATION – AND LABOR DEPT. CAME THROUGH WITH FAKE REPORT AND
NEW LIE BASED UPON PEOPLE STOPPED LOOKING FOR JOBS SO THEIR RATE 9.4 BUT
OBAMA SAYS 10% - REALITY IS UNEMPLOYMENT RATE IS WELL OVER 10%, THEN AIG
SOARS ON “PROFIT” WITH $87 BILLION IN TAXPAYER FUNDS TO PLAY WITH [ Max
Keiser: Prosecute the Bankster Crime Syndicate (7-29-09) Insiders Selling at
Alarming Levels …Although the level of insider selling is certainly alarming
it's important to note that the very low levels of buying are particularly
alarming. Insiders sell stock for many reasons, but they generally only buy
stock for one reason: they believe the stock is going up. Despite the fact
the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people
who know these companies better than anyone else… Entering the Greatest
Depression in History Andrew Gavin Marshall | The crisis has many bubbles,
all of which dwarf the housing bubble burst of 2008. Geithner asks Congress
for higher U.S. debt limit U.S. regulators close 3 banks, total now 72 US
deficit climbs to 1.3 trillion dollars Causes of This Depression Yet To Be
Addressed Further impoverishment is on the way. More and more will be laid
off and they’ll be no new jobs available. Savings will be exhausted and most
homes that have been financed will be under water. Some banks paid bonuses
bigger than income: o This Depression is just beginning You read that right! Only
$400 billion of that fantastic 6 month “green shoots” stock market rally came
from money market accounts. The rest ($2.3 trillion) was laundered through
the banks and other financial institutions to create the appearance of
recovery and to raise equity for underwater banks rather than forcing them
into receivership (which is where they belong) Bernanke probably knew that
congress wouldn’t approve another TARP-type bailout for dodgy mortgage-backed
assets, so he settled on this shifty plan instead. The only problem is, the
banks are still broke, business investment is at historic lows, consumers are
on the ropes, the unemployment lines are swelling, the homeless shelters are
bulging, the pawn shops are bustling, tent cities are sprouting up
everywhere, and according to MarketWatch, Corporate insiders have recently
been selling their companies’ shares at a greater pace than at any time since
the top of the bull market in the fall of 2007.” Face it; the economy is in
the crapper and Bernanke’s trickery hasn’t done a lick of good. The Next Wave
of Collapse is Coming Sooner than you think Back in the Great Depression of
1929 through the 1930’s, we saw a similar Zig-zag pattern. There was a crash
in 1929, followed by a nice rally, but then the most devastating part of the
market collapse followed into the 1930’s. The Real Economy Versus the
Make-Believe World of the Government and Financial Giants In the real
economy, unemployment is at Depression-era levels. Top firms' pension funds
plummet Consumer bankruptcies jump 34%
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO JUST ANOTHER BUILT-IN
COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON NON-PERFORMING /
DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP, CONFIDENCE
REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE NUMBERS,
USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER THAN
EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser:
Prosecute the Bankster Crime Syndicate Max Keiser: Goldman Sachs Are “Scum,”
“Financial Terrorists” Bank profits not as impressive as they seem when you
take into account TARP funding, changed accounting rules to fudge books, new
stock issues, etc… um Cost Of Bailout Hits A Whopping $24 Trillion Dollars
Entering the Greatest Depression in History Andrew Gavin Marshall | The
crisis has many bubbles, all of which dwarf the housing bubble burst of 2008.
Geithner asks Congress for higher U.S. debt limit U.S. regulators close 3 banks,
total now 72 US deficit climbs to 1.3 trillion dollars Stearns Crucifies
Paulson On Bailout Bait And Switch Fiscal ruin of the Western world beckons
Foreign Embassies Urged to Stockpile Local Currencies Bailout Overseer Says
Banks Misused TARP Funds
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
CONTINUED FRAUD WITH PROGRAMMED SUCKERS’ RALLY DESPITE NEW RECORD FOR
CONTINUING UNEMPLOYMENT CLAIMS AT 6.3 MILLION AND AS I WARNED, WATCH FOR FAKE
REPORTS IN DESPERATION – AND LABOR DEPT. CAME THROUGH WITH FAKE REPORT AND
NEW LIE BASED UPON PEOPLE STOPPED LOOKING FOR JOBS SO THEIR RATE 9.4 BUT
OBAMA SAYS 10% - REALITY IS UNEMPLOYMENT RATE IS WELL OVER 10%, THEN AIG
SOARS ON “PROFIT” WITH $87 BILLION IN TAXPAYER FUNDS TO PLAY WITH [ Max
Keiser: Prosecute the Bankster Crime Syndicate (7-29-09) Insiders Selling at
Alarming Levels …Although the level of insider selling is certainly alarming
it's important to note that the very low levels of buying are particularly
alarming. Insiders sell stock for many reasons, but they generally only buy
stock for one reason: they believe the stock is going up. Despite the fact
the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people
who know these companies better than anyone else… Entering the Greatest
Depression in History Andrew Gavin Marshall | The crisis has many bubbles,
all of which dwarf the housing bubble burst of 2008. Geithner asks Congress
for higher U.S. debt limit U.S. regulators close 3 banks, total now 72 US
deficit climbs to 1.3 trillion dollars Causes of This Depression Yet To Be
Addressed Further impoverishment is on the way. More and more will be laid
off and they’ll be no new jobs available. Savings will be exhausted and most
homes that have been financed will be under water. Some banks paid bonuses
bigger than income: o This Depression is just beginning You read that right!
Only $400 billion of that fantastic 6 month “green shoots” stock market rally
came from money market accounts. The rest ($2.3 trillion) was laundered
through the banks and other financial institutions to create the appearance
of recovery and to raise equity for underwater banks rather than forcing them
into receivership (which is where they belong) Bernanke probably knew that
congress wouldn’t approve another TARP-type bailout for dodgy mortgage-backed
assets, so he settled on this shifty plan instead. The only problem is, the
banks are still broke, business investment is at historic lows, consumers are
on the ropes, the unemployment lines are swelling, the homeless shelters are
bulging, the pawn shops are bustling, tent cities are sprouting up everywhere,
and according to MarketWatch, Corporate insiders have recently been selling
their companies’ shares at a greater pace than at any time since the top of
the bull market in the fall of 2007.” Face it; the economy is in the crapper
and Bernanke’s trickery hasn’t done a lick of good. The Next Wave of Collapse
is Coming Sooner than you think Back in the Great Depression of 1929 through
the 1930’s, we saw a similar Zig-zag pattern. There was a crash in 1929,
followed by a nice rally, but then the most devastating part of the market
collapse followed into the 1930’s. The Real Economy Versus the Make-Believe
World of the Government and Financial Giants In the real economy,
unemployment is at Depression-era levels. Top firms' pension funds plummet
Consumer bankruptcies jump 34%
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
[$$] Banks Won Concessions on Tests (at The Wall Street Journal Online) [$$]
Hit by Mortgage Defaults, Fannie Needs $19 Billion (at The Wall Street
Journal Online) [$$] Bank Shares Range-Bound Near Term (at Barron's Online)
AP Sources: Obama wants Fed to be finance supercop which is one of the dumber
things I’ve ever heard (very bushy) since the fed is the super criminal,
capo, godfather, etc., in the criminal enterprise called american
finance/scam the taxpayer/etc., in this fraud of monumental proportion … the
bubble will again pop Fannie Mae seeks $19B in US aid after 1Q loss Buffett's
Berkshire has first loss since 2001 Fed Sees Up to $599 Billion in Bank
Losses Is Rupert Murdoch losing it? Already past tense; he’s lost it…so…..?
EU Calls for “Internet G12″ for Global Internet Governance US
unemployment hits 25-year high China fears bond crisis as it slams
quantitative easing The Economy Will Not Recover Until The Perpetrators Of
Our Crises Are Held Accountable New York Fed chairman Friedman abruptly
resigns BEWARE OF THE SUCKER'S RALLY? Betrayal of the People By Wall Street,
Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd
Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting
Average for Appointing Failed Insiders to Key Economic Posts Secretary of
Labor Reich: Unemployment Numbers Show We’re Already In a Depression
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Group protests Israeli move on pope’s visit to Palestine
Israeli ‘dove’ speaks of Iran war
Israel would not ask U.S. before hitting Iran
The End of Free Speech? Criminalizing Criticism of Israel
UN blasts Israel for school attack
US wants Israel, India, Iran to sign NPT
Israeli troops kill Palestinian at West Bank shrine (Reuters)
Most Israelis would support Iran strike
‘Iran has hard evidence of Israeli war crimes’
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
BofA, Citi, Wells need capital under stress tests NEED BILLIONS AND BILLIONS
MORE Bank stress tests show some banks need more funds Almost a Quarter of
U.S. Homeowners Are Underwater Banks Need Billions More Globalizing the
Internet Hedge Fund Leader Blasts Obama for “Bullying” and “Abuse of Power”
About that “loan”: Obama team writes off $7 billion taxpayers loaned Chrysler
$56: Oil prices jump to new high for year... US wants Israel, India, Iran to
sign NPT Annual Elite Conclave, 58th Bilderberg Meeting to be held in Greece,
May 14-17
Your Blog is a Weapon? House Bill suggests Hurting Feelings illegal but
constraints/prior restraints on free speech/censorship more damaging and
illegal
Flu Pandemic Propaganda and Profit
US blitz kills 100 Afghan Civilians
UN blasts Israel for school attack
US wants Israel, India, Iran to sign NPT
Israeli troops kill Palestinian at West Bank shrine (Reuters)
7 of 10 lawmakers skip oversight hearing...
Lawmakers pass resolution claiming Oklahoma's sovereignty...
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
SELL/ TAKE PROFITS WHILE YOU CAN SINCE MUCH WORSE TO COME
(5-6-09) Dow 8,512.28 +101.63 +1.21% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and
April -436 for the first week of March -12% for the month of February -8.8%
(-775) for the month of January -1% for fourth week of January -2.5% for
third week of January -4% for second week of January -5% for first full week
of January -34% for the year -1% for the fourth week of December No change
worth reporting for second and third weeks of December -2.3% for the first
week of December -5.8% for the month of November. -15% for the month of
October Nasdaq 1,759.10 +4.98 +0.3% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and
April -84 for the first week of March -7% for the month of February -6.4%
(-101) for the month of January -1% for fourth week of January -3.3% for
third week of January -3% for second week of January -4% for first full week
of January -41% for the year -2% for the fourth week of December No change
worth reporting for second and third weeks of December -5.7% for the first
week of December -11% for the month of November. -17% for October S&P 500
919.53 +15.73 +1.7% To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -52 for the
first week of March -11% for the month of February -8.6% (-75) for the month
of January -1% for fourth week of January -2.3% for third week of January -
5% for second week of January -4% for first full week of January -39% for the
year -2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for
the month of November. -18% for October [CLOSE- OIL $56.34 (-54% for year
2008) (RECORD TRADING HIGH $147.27) GAS $2.09 (reg. gas in LAND OF FRUITS AND
NUTS $2.33 REG./ $2.55 MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $911
[video] Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER
$13.53 PLATINUM $1139/ DOLLAR= .74 EURO, 98 YEN, .66 POUND STERLING, ETC.
(How low can you go - LOWER)/ 10 YR NOTE YIELD 3.15% …..… AP Business
Highlights … ...Yahoo Market Update... ] YAHOO - BRIEFING.COM Weekly Recap
Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely, Absurdly, Ridiculous! Yes, there is a full moon so that explains
in large part the up move based on bad news and bull s**t alone so SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH
WORSE TO COME! Some short-covering explaining part of this continuing
suckers’ bear market rally, the other as admonished by analyst at Farr Miller
is a bull trap. How about plain old bull crap! One analyst (Craig Brown)
points out that we’re not at the bottom yet: excerpt-‘ I hate repeating
myself, but I do not see the economy at bottom just yet, so in some respects
I will keep repeating myself until either other people wake up to this
reality or something changes to wake me up. The markets were down a bit
yesterday and, according to Bloomberg, they were down due to fears of the
stress test results. I don't fear them; I fear what they hide. I fear that a
reported 10 out of 19 banks failed when the tests were not at all stringent
enough. I fear that the government will soft-pedal the results to make them
bad enough to have a tad of credibility but not so bad that people run for
the exits. Don't buy my word for it, others are saying the same, including
Nouriel Roubini. Nouriel has been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Obama wisely hints at tougher line on Israel...
US forgives Israeli spies amid AIPAC heat A US court has formally dropped
espionage charges against two pro-Israeli lobbyists amid a scandal that had
threatened to expose the extent of Israeli grip on US politics.
Most Israelis would support Iran strike
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
(5-5-09) Dow 8,410.65 -16.09 -0.19% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and
April -436 for the first week of March -12% for the month of February -8.8%
(-775) for the month of January -1% for fourth week of January -2.5% for
third week of January -4% for second week of January -5% for first full week
of January -34% for the year -1% for the fourth week of December No change
worth reporting for second and third weeks of December -2.3% for the first
week of December -5.8% for the month of November. -15% for the month of
October Nasdaq 1,754.12 -9.44 -0.54% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and
April -84 for the first week of March -7% for the month of February -6.4%
(-101) for the month of January -1% for fourth week of January -3.3% for
third week of January -3% for second week of January -4% for first full week
of January -41% for the year -2% for the fourth week of December No change
worth reporting for second and third weeks of December -5.7% for the first
week of December -11% for the month of November. -17% for October S&P 500
903.80 -3.44 -0.38% [CLOSE- OIL $53.80 (-54% for year 2008) (RECORD TRADING
HIGH $147.27) GAS $2.09 (reg. gas in LAND OF FRUITS AND NUTS $2.33 REG./
$2.55 MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $905 [video] Gold Surges
Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.35 PLATINUM $1125/
DOLLAR= .74 EURO, 98 YEN, .66 POUND STERLING, ETC. (How low can you go -
LOWER)/ 10 YR NOTE YIELD 3.13% …..… AP Business Highlights … ...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for
2009 . ‘WORST ECONOMIC COLLAPSE EVER’ Absolutely, Absurdly, Ridiculous! So
small were the losses relative to reality that to try and make sense of same
(americans among other investors must love getting burned by the frauds on
wall street who are commissioning the new bubble like mad and don’t worry
since in america today they socialize their losses and privatize their gains)
is but a fool’s errand so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Buffett dispenses gloom at Berkshire-clear is the reason he’s been shilling
stocks
Buffett dispenses gloom at Berkshire fest…Buffett offered a gloomy forecast
for parts of the economy and Berkshire itself, saying some units are laying
off workers as managers "look at the reality of the current
situation."… Buffett acknowledged that Berkshire will probably lose
money on derivatives tied to the credit quality of junk bonds, though he
still expects to make money on a much larger and longer-term derivatives bet
that stock prices will rise (now clear is the reason he’s been shilling
stocks though contra-indicated).
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
(5-2-09) Even the Most Minimal of Precautions to Protect americans from such
as the Swine Flu/h1n1/etc. Would Necessarily Require Sealing the Border With
mexico Which Would Accomplish Much, Much More!
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Israeli air raid kills two Gaza Palestinians: medics (AFP)
UN demands Israel stop demolitions
Straight-shooting Professor's Holocaust-Gaza comparison stirs debate (AP)
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Buffett dispenses gloom at Berkshire fest…Buffett offered a gloomy forecast
for parts of the economy and Berkshire itself, saying some units are laying
off workers as managers "look at the reality of the current
situation."… Buffett acknowledged that Berkshire will probably lose money
on derivatives tied to the credit quality of junk bonds, though he still
expects to make money on a much larger and longer-term derivatives bet that
stock prices will rise (now clear is the reason he’s been shilling stocks
though contra-indicated).
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
The Economic Pain Ain't Over Yet -government is doing the wrong thing.
The Economic Pain Ain't Over Yet ‘Bottom line - the government is doing
absolutely the wrong thing. They are supporting those that created this mess
(with significant moral hazard) to prompt more credit when the root of our
problems is too much credit. We need to flush the system and get rid of the
credit spending but instead we are pushing for a new bubble. At best, if it
works, we are kicking the problem down the street. Not a good plan - not at
all!! The other day I mentioned I do not like Geithner or Summers. … If you
like Summers and Geithner, please take the time to read up on them. They are
insiders on the banks we are supporting with obscene amounts of money, which
makes me sick. These people need a public flogging, not taxpayer support.’
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
(5-2-09) Even the Most Minimal of Precautions to Protect americans from such
as the Swine Flu/h1n1/etc. Would Necessarily Require Sealing the Border With
mexico Which Would Accomplish Much, Much More!
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
The Economic Pain Ain't Over Yet -government is doing the wrong thing.
The Economic Pain Ain't Over Yet ‘Bottom line - the government is doing
absolutely the wrong thing. They are supporting those that created this mess
(with significant moral hazard) to prompt more credit when the root of our
problems is too much credit. We need to flush the system and get rid of the
credit spending but instead we are pushing for a new bubble. At best, if it
works, we are kicking the problem down the street. Not a good plan - not at
all!! The other day I mentioned I do not like Geithner or Summers. … If you
like Summers and Geithner, please take the time to read up on them. They are
insiders on the banks we are supporting with obscene amounts of money, which
makes me sick. These people need a public flogging, not taxpayer support.’
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
The Obama Deception
Barack Obama: The Naked Emperor Shocking but true revelations from David Icke
(a must read) | Vast numbers of people across the world, including many who
should know better, have been duped by the mind-game called Operation
Obama.…. (excerpts) Obama has been the chosen one for a long time, a fact
known only to a few in the deep inner circle, and his relationship with
Brzezinski almost certainly goes back to the start of the 1980s when he
attended the Ivy League, and big-time Illuminati, Columbia University where
Brzezinski was head of the Institute for Communist Affairs. Obama simply will
not talk in any detail about this period. He has been covertly funded and
supported ever since by the Trilateral Commission and its network of
foundations connecting into the Ford Foundation, for whom Obama’s mother
worked. And a question: Does anyone really believe that someone, a ‘man of
the people’, would simply appear from apparently nowhere to run the slickest
and best-funded presidential campaign in American history? He was chosen long
ago by those who wish to enslave the very people that Obama says he wants to
’set free’. The sources of Obama funding read like a Wall Street Who’s Who -
Goldman Sachs, UBS, Citigroup, Credit Suisse, Deutsche Bank, J.P. Morgan
Chase, Morgan Stanley, and so on. No wonder he went back on his pledge to
accept the limitations of public funding for his campaign and instead took
the no-limit option of ‘private’ funding…Then there is the Jewish financier,
George Soros, the multi-billionaire associate of Brzezinski and closely
involved with the funding and marketing of Obama. Soros is a former board
member of the Illuminati’s Council on Foreign Relations and funds the European
Council on Foreign Relations. In short, he is a major insider… You can
certainly see the Soros/Brzezinski techniques in the Obama ‘revolution’ in
the United States. It was the complex and secretive network of Soros
foundations and organisations, connected to the intelligence agencies of the
US and Israel, that trained and funded students in the Ukraine, Georgia and
elsewhere in the art of mass protest and overthrowing governments. These
manufactured protests were sold to the world as ‘peoples’ revolutions’, but
it just so happened that when they were over and the old regime was removed
the new leaders were those waiting in the wings all along - the puppets of
Soros, Brzezinski and their associated networks. Obama is just more of the
same, a big smile with strings attached, and controlled completely by the
Illuminati networks that chose him, trained him, sold him and provided his
record funding. It was they who kept his many skeletons under wraps, like the
gay sex and crack cocaine allegations of Larry Sinclair (from affidavit: 1.
Who is Ron Allen that claims to be with your Presidential camp, who is
alleged to claim that someone claiming to represent me called asking for
$100,000, to keep me from coming forward about our (Obama and I) November
1999 encounter of sex and cocaine use?…), and they will continue to do so as
long as he jumps to their bidding. Obama is just another Banksters’ moll
prostituting himself for fame and power, and that’s why he supported the
grotesque bail-out of the banking system and why he will always put their
interests before the people. His financial advisors are straight from the
Wall Street ‘A’ list, including Paul Adolph Volker (Trilateral Commission,
Council on Foreign Relations, Bilderberg Group), the head of the Federal Reserve
from 1979 to 1987 and Illuminati to his fingertips. Obama has made him head
of the Economic Recovery Advisory Board, which is dominated by insiders,
including its staff director and chief economist, Austan Goolsbee, a close
Obama associate from the University of Chicago. Goolsbee is an initiate of
the infamous Illuminati Skull and Bones Society at Yale University, which
also includes Boy and Father Bush. It was Goolsbee who told the Canadian
government not to worry about Obama’s attacks on the economic effects of
‘free trade’ agreements because his words were just to win votes in the
election campaign. Another Wall Street insider, the Zionist Timothy Geithner
(Bilderberg Group, Trilateral Commission, Council on Foreign Relations), was
appointed by Obama to be his Treasury Secretary. Geithner was the President
of the New York Federal Reserve Bank, the most powerful in the private
‘Federal’ Reserve cartel that masquerades as America’s ‘central bank’, and he
is a former employee of both the Council on Foreign Relations and the
appalling Kissinger Associates. Obama’s Treasury team locks into the inner
circle around the Zionist Robert Rubin, the Director and Senior Counselor of
Citigroup, co-chairman of the Council on Foreign Relations, and economic
advisor to Obama. Rubin, a member of the Illuminati Bilderberg Group, was the
man behind Citigroup’s strategy of expanding its risk in debt markets which
forced it to be rescued by taxpayers’ money. The very people who caused the
financial crisis are being appointed by Obama to decide how to respond to it
(more taxpayers’ money for them and their friends)…
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
…traders living in a fool's paradise if they continue to drive the markets
higher by buying stocks based on earnings that are down, say, 50 percent from
this time last year, only because they're not down 75 percent… Diane Garnick,
investment strategist at Invesco...In an interview on Tech Ticker, Garnick
says that companies are beating earnings expectations in the first quarter by
Draconian cost-cutting, an unsustainable strategy for long-term growth. More
importantly, although companies are beating profit estimates, thanks to the
cost-cutting, they are missing expectations for revenue, she says. Further,
cost-cutting via layoffs hurts the economy as a whole, Garnick argues,
because the unemployed spend less money… U.S. Economy: GDP Shrinks in Worst
Slump in 50 Years "You have to balance hope with reality," says
Doug Sandler, chief equity officer at Riverfront Investment Group. Sandler
tells Andrew O'Day "this is a good example of a year where you probably
have a lot of hope early, then the reality coming through…” …[The upshot is
that the fraud continues in churn-and-earn fashion with investors, taxpayer,
etc., getting burned for the sake of wall street greed/fraud. The lunatic
wall street frauds’ desperation linked to their substantial crimes and booty
which must be disgorged through prosecution, especially since none of the
real problems (hundreds of trillions of fraudulent/worthless securities, etc.
- Analyst Andre Egleshion puts the amount at $600+trillion) have been
addressed much less solved; hence, virtually all problems remain and there is
but an infinitesimally small fraction of the capital and resources necessary
to solve them thanks to fraud, incompetence, lack of knowledge/ability,
greed, etc.]. U.S. Economy in 2nd Straight Quarter of Steep Decline Dollar
falls on euro, up on yen on GDP hopes…riiiiight! "You have to balance hope
with reality," says Doug Sandler, chief equity officer at Riverfront
Investment Group. Sandler tells Andrew O'Day "this is a good example of
a year where you probably have a lot of hope early, then the reality coming
throughSocial Security: Bankrupt System Will Impact Markets Sooner Than
Expected Georgia, N.J. banks fail, bringing '09 total to 31 U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years Auto sales plunge to near 30-year lows
[$$] The Overvalued Market Needs a Healthy Pullback Major wholesale bank
shuttered …Silverton, Ga…and then Ridgewood, n.j. for 31st bank failure this
year (at CNNMoney.com) Manufacturing declines at slower rate in April …
riiiiight!…(AP) Chrysler to close 5 more plants; court case begins Results
delayed again on banks stress tests …the fudge factor!…(at bizjournals.com)
Regulators close two more banks U.S. families rely on handouts in world’s
formerly richest country Elliot Wave Theorists Claim Pandemics Always Happen
In a Bear Market CITI Said to Need Up to $10 Billion; Bank Disputes 'Stress
Test' Result... ‘China cancels America’s credit card’ China, wary of the
troubled US economy, has ‘canceled America’s credit card’ by cutting down
purchases of debt, a US congressman says. Top Senate Democrat: bankers “own”
the U.S. Congress Stress-Test Results Are Delayed by Fed as Examiners, Banks
Debate Findings... Economy shrinks at worse-than-expected pace... Metro
Unemployment Skyrockets; Some Cities See Rates Comparable To Great
Depression... STRESS: Fed Finds at Least 6 of 19 Biggest Banks Need to Raise
More Capital... CITI scrambles... MSNBC's Washington HQ Can't Make Rent:
Looking to Share Space with Local U... Betrayal of the People By Wall Street,
Banks, and Government FLASH: Treasury Borrows Record $361 Billion for 2nd
Quarter... The Great Geithner Coverup Obama Maintains His Perfect Batting
Average for Appointing Failed Insiders to Key Economic Posts Secretary of
Labor Reich: Unemployment Numbers Show We’re Already In a Depression
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
This is a status report on the health of America’s Social Security and
Medicare system. The conclusions contained in this report should come as no
surprise. The system is bankrupt. It is just a matter of time. The magnitude
of the problem is enormous. The Trustees estimate that the present value of
the unfunded portion is $13.6 trillion. It is virtually certain that unless
the imbalances are addressed in the near future, the U.S. Legacy Costs will
destroy our economy.
The US is currently spending trillions of dollars in borrowed money to shore
up a weakened economy. All of that money will be wasted. At best it will
result in a resumption of economic growth for a few more years. By the end of
President Obama’s first term the Social Security problem will already be a
drag on the economy. By 2016 the damage will be impossible to reverse.
http://seekingalpha.com/article/134542-social-security-bankrupt-system-will-impact-markets-sooner-than-expected?source=yahoo
Social Security: Bankrupt System Will Impact Markets Sooner Than Expected
Georgia, N.J. banks fail, bringing '09 total to 31 U.S. Economy: GDP Shrinks
in Worst Slump in 50 Years Auto sales plunge to near 30-year lows [$$] The
Overvalued Market Needs a Healthy Pullback Major wholesale bank shuttered …Silverton,
Ga…and then Ridgewood, n.j. for 31st bank failure this year (at CNNMoney.com)
Manufacturing declines at slower rate in April … riiiiight!…(AP) Chrysler to
close 5 more plants; court case begins Results delayed again on banks stress
tests …the fudge factor!…(at bizjournals.com) Regulators close two more banks
U.S. families rely on handouts in world’s formerly richest country Elliot
Wave Theorists Claim Pandemics Always Happen In a Bear Market CITI Said to
Need Up to $10 Billion; Bank Disputes 'Stress Test' Result... ‘China cancels
America’s credit card’ China, wary of the troubled US economy, has ‘canceled
America’s credit card’ by cutting down purchases of debt, a US congressman
says.
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
The US is currently spending trillions of dollars in borrowed money to shore
up a weakened economy. All of that money will be wasted. At best it will
result in a resumption of economic growth for a few more years. By the end of
President Obama’s first term the Social Security problem will already be a
drag on the economy. By 2016 the damage will be impossible to reverse.
http://seekingalpha.com/article/134542-social-security-bankrupt-system-will-impact-markets-sooner-than-expected?source=yahoo
Social Security: Bankrupt System Will Impact Markets Sooner Than Expected
Georgia, N.J. banks fail, bringing '09 total to 31 U.S. Economy: GDP Shrinks
in Worst Slump in 50 Years Auto sales plunge to near 30-year lows [$$] The
Overvalued Market Needs a Healthy Pullback Major wholesale bank shuttered
…Silverton, Ga…and then Ridgewood, n.j. for 31st bank failure this year (at
CNNMoney.com) Manufacturing declines at slower rate in April …
riiiiight!…(AP) Chrysler to close 5 more plants; court case begins Results
delayed again on banks stress tests …the fudge factor!…(at bizjournals.com)
Regulators close two more banks U.S. families rely on handouts in world’s
formerly richest country Elliot Wave Theorists Claim Pandemics Always Happen
In a Bear Market CITI Said to Need Up to $10 Billion; Bank Disputes 'Stress
Test' Result... ‘China cancels America’s credit card’ China, wary of the troubled
US economy, has ‘canceled America’s credit card’ by cutting down purchases of
debt, a US congressman says.
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
GENEVA – Dozens of Failed Western diplomats walked out of a U.N. conference
and a pair of rainbow-wigged protesters threw their fitting clown noses in
the air Monday when the truth-speaking leader of Iran called israel the
"most cruel and repressive racist regime."…
British racist hypocrits/zionists joined a dramatic diplomatic walkout today
when President Ahmadinejad of Iran told the truth in a major UN conference
against racism that the racist state of israel had been founded “on the
pretext of jewish suffering” during the Second World War. brits are out to
lunch (look at England-big brotherly pathetic)! Come on! People may differ
regarding the holocaust ( what about Armenians, American Indians, Russians
and Poles in WWII, etc.), but clearly israel’s war crimes are ignored and
clearly they truly are a brutal and racist regime and illegally have nuclear
weapons and are a u.s. funded bully/war criminal nation in the mid-east.
israel: New govt and old policies
NLE 09: FEMA Takes Preparations for Martial Law to the Next Level Alan Keyes:
Government Will Stage Terror, Declare Martial Law Ron Paul on Secession
Housing Bubble Smackdown: Bigger Crash Ahead Smedley Butler: War Is A Racket
Harman and AIPAC: More Evidence of Massive Government Corruption New York
Times: Tax Savers and Negative Return Jack Bauer can’t stop ‘The Goldman
Conspiracy/Fraud’ Simon Johnson Decries Influence Of Wall Street Oligarchs,
US A Banana Republic Henry Blodget | The pattern is exactly the same, with a
two-way money-and-power corridor now running between Washington and the
modern oligarchs Wall Street.
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Wiretap reveals reach of US pro-Israel lobby Rep. Jane Harman, the California
Democrat with longtime involvement in intelligence issues, was overheard on a
National Security Agency (NSA) wiretap telling “a suspected Israeli agent”
that she would lobby the Justice Department to reduce espionage-related
charges against two officials of the American Israeli Public Affairs
Committee (AIPAC), the most powerful pro-Israel lobby in Washington,
according to a report released Sunday night in Congressional Quarterly (CQ).
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Germany’s slump risks ‘explosive’ mood as second banking crisis looms China
Increases Gold Reserves 76% to Fifth-Largest
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
I do not think so. On the contrary, I think what the government is doing and
its economic "dream team" under Mr. Bernanke and Mr. Geithner and
Mr. Summers are going to be, from a longer term point of view, rather
negative.
But, you understand, we can all sit here and say it will all end in disaster.
That I'm sure. But, in the meantime, we can have big moves in markets.
On the new bad assets purchase plan:
I think he's doing the politically expedient thing from a very short term
perspective. If you have cracks in your walls and just put paint on it, it
will hide them and then you sell your house. But it won't solve the problems
of the cracks - it's the next owner and these are the children of the current
taxpayer who will pay for it. Marc Faber: 'It Will All End in Disaster'
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Art Hogan summed up choosing u.s. stocks ‘pick the best-looking horse at the
glue factory’
Art Hogan recently summed up choosing stocks in this environment thusly:
‘pick the best-looking horse at the glue factory’…..I think he was as a
courtesy to his industry overly generous. The administration pitches
hardballs to the auto industry while continuing to pitch powder puffs to the
wall street frauds who have perpetrated the largest (securities) fraud in
recorded history, turning a cyclical downturn into what is now unavoidably
depression, putting beleagered taxpayers in the unfathomable position of
funders/guarantors of the scam/fraud in bailing out the perpetrators of the
crimes (bush’s infamous base) who have financially benefited enormously
(fees, commissions, spreads, points, salaries, expenses, bonuses, etc.) from
their fraud/crimes. Still not even one prosecution from this administration
even though disgorgement, the legal remedy among other criminal penalties,
would aid the defacto bankrupt u.s. treasury!
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
Harry Dent, Jr.
Economy will be in a Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and
mid-2013, especially around early 2011, but if the banking system continues
to implode a deep downturn or depression could begin sometime in 2009 instead
of 2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the
latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010
and 2012
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
Why we think this is a (suckers’) bear market rally:
Given that this is Friday the 13th, citing 13 reasons that the bear will
continue in spite of this rally seems appropriate.
1. Current P/E: the current 20+ P/E on trailing “as reported earnings” is too
high for this set of negative sales, earnings and dividends growth
conditions.
2. Forward P/E: the projected 2010 S&P 500 earnings by Standard and
Poor’s at about $40 would only support 800 at best (20 P/E), and more likely
would support 600 (15 P/E), assuming there was a general recovery under way —
before that time, the current market should sell for less than 800, and
perhaps less than 600.
3. Earnings: profits are still declining in the aggregate
4. Dividend Yield: banks and other companies continue to cut dividends,
reducing stock appeal and putting total return in question until dividends
stabilize and begin to grow (historically dividends generated about 1/3 of
total return for the S&P 500)
5. Revenue: overall sales are down — declining sales, earnings and dividends
are not reasons for bullish markets.
6. World GDP Growth: credible parties (Goldman Sachs, IMF, and noteworthy
individuals, such as Nouriel Roubini, predict worsening global economies) —
until forecasts for improvements within 12 months or less for the US or world
economies become prevalent, the market is unlikely to “anticipate” with a
sustainable trend reversal to a bull
7. Government Intervention: the US and global economies are currently highly
government policy dependent, and while policies are becoming more clear, they
are not all revealed, and there are suggestions more may be needed — the
resulting uncertainty warrants low valuation until government policies to
“save” and “stimulate” economies are no longer the centerpiece of investor
hopes and earnings prospects
8. Real Estate: the US and global real estate asset deflation continues with
waves of negative impact on household and institutional wealth — until property
prices stabilize, or are believed to be about to stabilize, a new bull market
will have difficulty gaining traction.
9. Other Bank Shoes to Drop: the major banks have not yet experienced likely
future write-downs associated with non-mortgage asset types, such as credit
cards and auto loans.
10. Auto Industry: the fate of GM, Chrysler and the entire supply chain is
uncertain with unknown government involvement.
11. LBOs: private equity firms built on leverage may not be able to continue
to service and rollover the debt they used to make recent optimistic
acquisitions — those debts could be a further burden on the financial sector.
12. Retirees and Pre-Retirees: the 55 and over crowd who control the largest
portion of US private assets are not as likely to risk their life
accumulations in stocks relative to bonds as they were in the boom times of
the last couple of decades — that will delay the onset of a bull and subdue
the extent of a bull when it occurs
13. Credit Availability: the credit and leverage availability that helped the
US stock market recover from the 2002-2003 bottom is not available at this
time to increase household expenditures and corporate capital investment —
even the US government may be put on credit rationing by China, which today said
it is “worried” about the credit quality of their US Treasury holdings, which
has implications about their willingness to support the borrowing our
“stimulus” programs require and assume to be available. By Richard Shaw
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
U.S. Army prepares to invade U.S.
Is the Federal Reserve Engaged in Acts of Economic Warfare Against America?
Federal Reserve extends reach with 1930s powers Associated Press | Dusting off
Depression-era emergency powers, the Federal Reserve is extending its reach
over the economy as never before, pushing the limits of its authority, if not
exceeding them.
China’s Central Bank Denies Plan to Buy U.S. Treasury Bonds
Putin’s step toward redemption as he gets tiger cub and greater wisdom for
his birthday...
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Bankers Want World Economic Government To Solve Financial Crisis They Created
Paul Joseph Watson | The culprits who caused the problem offer their solution
- more power for themselves.
Rogers: Global Bankers Have Unleashed Inflationary Holocaust Legendary
investor Jim Rogers warned during a CNBC interview this morning that global
central banks are creating the environment for an inflationary holocaust by
their ceaseless overprinting of currency, a measure that isn’t even
successful in stabilizing the stock market.
Paul Joseph Watson | CNBC hosts unable to grasp basic economic principles.
Mike Whitney | The prevailing wisdom is that Wall Street will continue to
suffer historic losses and that this will mark the end of America’s dominance
as the lone superpower.
Richard C. Cook | The problem is the oncoming recession/depression caused by
the absence of an economic engine to generate new producing power.
Banks Hoarding Cash to Pay Derivatives Liabilities
Japan suffers biggest single-day stock drop for 20 years
Dow Plunges Below 8,000
Stocks are on track for their worst year since 1937
Global Stocks Tumble, Driving S&P 500 to Worst Week on Record
Swagger turns to shudder a year after market high...
'MAY DROP 50% FROM TOP'...
Stocks Drop in Rollercoaster Session; Dow Average Swings 1,000 Points...
Bush says anxiety feeding market instability... Carter slams Bush on market
crisis...
EUROPE STOCK ROUT...
Carter slams Bush on market crisis...
London shares bloodbath...
DOW LOSES 18%... THE WORST WEEK
Crisis becomes global crash...
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics2ndqtr10108.htm
Economy sheds most jobs since 2003, more cuts seen (AP)
Stocks Dive After Vote ...
It's Not You, It's the Market - Now Officially the Worst S&P Decline in
History
Betrayed by the Bailout On this date, October 3, 2008, the American people
were betrayed by those whom they had elected to represent them. The
grassroots rebellion that led to the House’s rejection of the Bush
Administration’s Wall Street bailout bill on Monday flamed out on Friday,
overwhelmed by a massive lobbying campaign by Wall Street and by a propaganda
push in the corporate media in favor of passage.
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics2ndqtr10108.htm
AIG hits up Fed for more money CNNMoney.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com/4trillionfraud.htm
http://www.albertpeia.com/summarydecfinver.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics2ndqtr10108.htmWASHINGTON POST POSTS
WHO WOULD HAVE THUNK IT! PREDICTABLE AB INITIO AS ISRAELIS ALWAYS FIND A WAY
TO IGNORE U.N. RESOLUTIONS (IE. 242 AND 338, ETC.), INTERNATIONAL LAW, ETC.,
AND SABOTAGE PEACE INITIATIVES.
International Law Violator/War Criminal Zionist regime only nuclear-armed
country in the M.E. won’t sign the NPT
As Arab foreign ministers met at the Cairo headquarters of the Arab League to
prepare for their annual summit at the end of the month, they also issued a
series of statements on regional issues, including extremely sensitive matter
of the Zionist regime's refusal to sign the NPT. Arab states, all of which
are signatories to the treaty, have long called for a nuclear-free Middle
East and expressed their concern over Israel's apparent possession of nuclear
weapons. The International Law Violator and War Criminal Zionist israeli
regime is reportedly the only nuclear-armed country in the Middle East which
has refused to sign the NPT.
This initiative like others has become a fool's errand absent some teeth;
viz., enforcement of prior resolutions/accords(ie.Oslo,etc.), international
law/NPT, and cut-off of israeli aid (which is costly beyond just money that
america doesn't have) absent compliance (ie., Eisenhower took the proper
approach to israel in protecting america's geo-political interests).
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
THIS IS WEIMAR REPUBLIC TYPE HYPERINFLATION THOUGH STILL UNDER-REPORTED OWING
TO ELECTION-YEAR SPIN-THEY'RE PRINTING/CREATING WORTHLESS DOLLARS LIKE MAD
(SO MUCH SO THEY'VE FOR SOME TIME NOW STOPPED REPORTING M3)
CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY/SELL
CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY
SELL INTO STRENGTH /TAKE PROFITS/ SELL DOLLAR DENOMINATED SECURITIES
(3-20-08) (DOW +262, NASDAQ +48, S&P +31) [CLOSE- OIL $101.84 / GOLD $920
/ SILVER $16.85 / PLATINUM $1,877.30 / DOLLAR AT 1.54 AGAINST EURO, 98 YEN,
1.98 POUND STERLING, ETC. (HOW LOW CAN YOU GO - LOWER)]. FULL MOON WITH
OBVIOUS EFFECT ON LUNATIC WALL STREET FRAUDS. SMART MONEY WOULD SELL INTO
THIS SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY (TAKE PROFITS) WHICH IS BASED
UPON B**L S**T AND EXCEEDINGLY BAD ECONOMIC NEWS VIZ., UNEMPLOYMENT CLAIMS UP
MUCH MORE THAN EXPECTED 22,000 TO HIGH 378,000, CREDIT SWISSE TO REVISE
PREVIOUS YEARS PROFITS DOWN ON FURTHER WRITEDOWNS, PHILADELPHIA FED
MANUFACTURING INDEX DOWN, AND LEADING ECONOMIC INDICATORS DOWN FOR FIFTH MONTH
IN A ROW WHICH HAS ALWAYS SIGNALED/INDICATED/PRECEDED ECONOMIC
DOWNTURN/CONTRACTION/RECESSION. ONE SOMEWHAT SENILE ANALYST WELCOMED THE
MASSIVE AMOUNT OF FAKE/FIAT/PRINTED MONEY SAYING THE FINANCIALS WHICH HAVE
LAGGED THE MARKET BY 20% WILL BE HELPED/INFLATED OUT OF THEIR DOLDRUMS
(HYPERINFLATIONARY) BY SAME WHICH HE LIKES BECAUSE HE’S HEAVILY CONCENTRATED
IN FINANCIALS (GREAT CALL) AND THAT THE MONEY HASN’T SHOWN UP YET BUT FAILS
TO REALIZE THE U.S. HAS NEVER BEEN IN SUCH DIRE CIRCUMSTANCES ECONOMICALLY,
FINANCIALLY, AND GEOPOLITICALLY AS NOW. A MORE RATIONAL VIEW BY ECONOMIST DR.
IRVING KELLNER SAID STIMULUS THUS FAR TREATS SYMPTOMS WITH MERE BANDAIDS
WHICH FAIL TO ADDRESS/CURE THE PROBLEM/CAUSE/DISEASE AND IS RATHER SIMPLISTIC
TO A FAULT IN FOCUSING SOLELY ON HOUSING/REAL ESTATE VALUES ALTHOUGH
CORRECTLY STATES THAT EASIER MONEY WILL NOT ENHANCE THE VALUE OF
MORTGAGE-BACKED SECURITIES WHICH REMAIN INDETERMINANT, DOWN, OR GOING DOWN
AND ADVOCATES DEPRESSION ERA APPROACH SINCE HE CORRECTLY STATES ECONOMY HAS
ALREADY (DECEMBER, 2007 OR JANUARY, 2008) ENTERED THE WORST RECESSION OF THE
POST-WAR ERA (DESPITE ELECTION YEAR SPIN). ANOTHER ANALYST SAYS THIS IS A
SHORT-COVERING RALLY AND AN OPPORTUNITY TO SELL/TAKE PROFITS (I TOTALLY
AGREE), THAT THE FED DESPERATION MOVES INCLUDING PRINTING DOLLARS LIKE MAD
HAVE LED TO A DEBASEMENT OF THE U.S. CURRENCY AND THAT THE DOLLAR WILL
CONTINUE TO GO LOWER, THAT TRILLIONS HAVE BEEN BORROWED BUT THAT THEY WILL BE
UNSUCCESSFUL IN REINFLATING THE BUBBLE, THAT THE FINANCIAL CRISIS IS NO WHERE
NEAR BEING OVER WITH MUCH MORE CARNAGE TO COME, AND RECOMMENDS BEING TOTALLY
OUT OF THE DOLLAR INCLUDING DOLLAR DENOMINATED SECURITIES AND INTO OTHER
FOREIGN CURRENCIES/SECURITIES. 3-19-08 MODEST DROP IN STOCKS RELATIVE TO
REALITY. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA
BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I
WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL
INTO STRENGTH/TAKE PROFITS/SELL). MORGAN STANLEY EARNINGS DOWN 40% BUT BETTER
THAN EXPECTED…..RIIIIIGHT…..ON COMPUTERIZED BOND/STOCK TRADING COMMISSIONS.
MERRILL LYNCH SAYS MORE LOAN LOSSES. ONE ANALYST SAYS NOT MUCH OPTIMISM
REGARDING FED MOVES, DEEPENING FEARS ABOUT ECONOMY, WALL STREET STUCK WITH A
LOT OF STUFF (IE., JUNK BONDS, JUNK SECURITIES, JUNK DERIVATIVES, SUBPRIME
MORTGAGES, ETC.) WHICH CAN’T BE SOLD EXCEPT AT FIRESALE PRICES, AVOID
EQUITIES PARTICULARLY SMALL/MIDCAPS, RAISE CASH (TAKING PROFITS/SELLING),
LOOKING FOR CONFIRMATION, ENTERED RECESSION IN FEBRUARY BUT WITH INFLATION A
VERY TOUGH SCENARIO. AN OIL ANALYST SAYS COMMODITY BUBBLE BURSTING WITH
PROFIT-TAKING/PATH OF LEAST RESISTANCE BUT STILL RECORD DIESEL AT $4.21,
RECORD HOME HEATING OIL $3.80 SO WAIT AND SEE. ANOTHER ANALYST SAYS EMERGING
MARKETS ATTRACTIVE RELATIVE TO DEVELOPED CITING P/E MULTIPLE COMPARISON BUT
NO SAVE HAVEN AND POINTS TO FURTHER WEAKNESS IN DOLLAR RELATIVE TO OTHER
CURRENCIES. METALS ANALYST SAYS RATE CUT LESS THAN EXPECTED AND ETFS (AND
COMPUTERIZED TRADING THEREOF) HAS PROPPED DEMAND. 3-18-08 SUCKERS’ BEAR
MARKET IRRATIONALLY EXUBERANT BUBBLE RALLY ON FED FEAR AND TREMBLING PANIC
MOVE TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE
DOLLARS FLOWING. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST
GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND
STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR
HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). WHOLESALE/PRODUCER
PRICES UP MORE THAN EXPECTED .3% WITH CORE RATE UP .5%. HOUSING STARTS DOWN
36% TO LOWEST LEVEL IN 17 YEARS. SHARPLY (MORE THAN 50%) LOWER EARNINGS AT
GOLDMAN AND LEHMAN RALLIES THEIR STOCKS WITH FAMILIAR MANTRA ‘NOT AS BAD AS
EXPECTED’…..RIIIIIGHT! DOLLAR DOWN AGAINST MOST CURRENCIES ON .75% PANIC CUT
IN FED FUNDS RATE TO 2.25%. ONE ANALYST POINTS TO STRENGTH BY SECTOR, VIZ.,
FINANCIALS +8% (FOCUS OF THE BAILOUT), SMALL CAPS +5%, EMERGING MARKETS +5%,
AND SAYS DOLLAR WILL BE BOTTOMING. AN OIL ANALYST SAYS OIL TO GO HIGHER WITH
INFLUX OF SPECULATIVE NEW MONEY FROM RATE CUT. FORMER FED GOVERNOR GRAMLEY
SAY WE’RE IN SERIOUS ECONOMIC CRISIS, IN RECESSION WITH ECONOMIC WEAKNESS
SUFFICIENT TO MUTE DEMAND/SHARPER PRICE INCREASES, AND COMPARES ECONOMY TO
CANCER PATIENT UNDERGOING NECESSARY CHEMOTHERAPY…..RIIIIIGHT….., FED HAS USED
EMERGENCY POWERS NOT USED SINCE THE GREAT DEPRESSION BUT CAN’T RELY SOLELY ON
THE FED. ANOTHER ANALYST TALKS IN TERMS OF TRADING ON A DAY-TO-DAY BASIS
(FACT-THERE ARE HISTORICALLY VERY FEW SUCCESSFUL TRADERS), BELIEVES FED WENT
TOO FAR WITH RATE CUT AND SEES SIGNIFICANT PROBLEM WITH INFLATION, THUMBS UP
FOR METALS/OIL AND LARGE CAP TECH WITH OVERSEAS EARNINGS, BUT FURTHER
CAUTIONS OWING TO NEGATIVE REAL INTEREST RATES (RATES LESS THAN INFLATION,
RISK, ECONOMIC FACTORS/PREMIUMS). FINALLY, THINGS ARE SO HUNKY DORY THAT AS
REPORTED BY CONTINENTAL COIN AND JEWELRY PEOPLE ARE PULLING THEIR TEETH,
EXTRACTING AND SELLING THE GOLD. LOVELY! 3-17-08 LUNATIC/FRAUDS 200+ POINT
COMPUTERIZED BUY PROGRAM SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY TO THE
UPSIDE BASED UPON NOTHING WHATSOEVER THAT HASN’T ALREADY BEEN DISCOUNTED
(IE., MORE RATE CUTS BY FED IN PANIC MODE, ETC.). I WARNED AGAINST THE
DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF
THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN
DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE
PROFITS/SELL). INDUSTRIAL PRODUCTION FELL A GREATER THAN EXPECTED ONE-HALF OF
1%. ONE ANALYST CITES NEW LOWS FOR DOLLAR AND SUBSTANTIAL MOVE BY FED ALREADY
DISCOUNTED (.75%). ANOTHER ANALYST CITES WEAKER DOLLAR AND SLOWER ECONOMY
IMPACTING DEMAND (IE., FOR GOODS, ETC., AND HENCE, COMMODITY PRICES, HENCE
LOWER OIL PRICE THIS DAY), CITES THIS DAYS SHORT-COVERING RALLY AND
RECOMEMMENDS MULTINATIONALS WITH OVERSEAS EARNINGS (POSITIVE CURRENCY
TRANSLATION) AND OVERSEAS NON-DOLLAR DENOMINATED SECURITIES (UTILITIES,
ETC.). YET ANOTHER ECONOMIST/ANALYST CITES BUSINESS MODELS COMPARABLE TO BEAR
STEARNS IN FINANCIAL SECTOR(PROBLEMS WITH HEDGE FUNDS/INVESTMENT BANKS) WHICH
HAS PROVEN INABILITY TO MANAGE THEIR OWN AFFAIRS SAYING DEREGULATION A
DISASTER AND REREGULATION A CURE, NO END TO FALL IN DOLLAR AS US BECOMES
WORLD’S BEGGAR, AND RECOMMENDS NON-DOLLAR DENOMINATED SECURITIES (IE., EURO,
SWISS FRANC, ETC., AND EMERGING FAR EAST MARKETS). ANOTHER MORE
CALIFORNIA/SENILE, ANALYST/BROKER WHO LIKE OTHERS HAVE LOST SUBSTANTIAL
MONIES FOR CLIENTS CITES LACK OF OF TRANSPARENCY AS VALUE OF HIS BUYS AND
HOLDS CONTINUES TO FALL WITH DOLLAR BUT TALKS SOME SPECULATIVE BUYS AND CASH.
A FINANCIAL TIMES EDITOR SAYS NO BOTTOM YET, THAT BY HISTORICAL STANDARDS THE
SCENARIO IS QUITE BAD FOR THE US, THAT BEAR STEARNS WAS NOT ALONE AMONG US
FIRMS IN THEIR PROBLEMS, THAT THE MARKET IS EXPECTING 1% PANIC CUT BY FED,
AND THAT THE US ECONOMY IS IN DEEP TROUBLE. 3-14-08 EARLY SURGE BASED ON
FALSE BENIGN INFLATION REPORT (SHOWING NO CHANGE IN RETAIL INFLATION) FROM
THE GOVERNMENT GIVES WAY TO REALITY THAT THEY CAN’T COVER UP/LIE ABOUT
(DESPITE INTRA-DAY SUCKERS RALLY) WHEN THERE IS A RUN ON LARGE WALL STREET
INVESTMENT BANK BEAR STEARNS (FIRST SUCH SINCE THE GREAT DEPRESSION) WHICH
CITES LIQUIDITY CRISIS AS NY FED AND JP MORGAN INTERVENE WITH 28 DAY LOAN AS
BEAR IS HOLDING HIGH RISK (WORTHLESS) ASSETS WHICH ARE ILLIQUID (THINLY
TRADED/CAN’T BE SOLD) AS RESERVES (THEY ARE NOT ALONE IN THIS REGARD AMONG
THE FRAUDS ON WALLSTREET, ETC., AND ONLY 2 DAYS AGO BEAR SAID BALANCE SHEET
STABLE), ALL TIME LOWS FOR THE DOLLAR, WSJ REPORTS MAJORITY OF ECONOMISTS
THINK WE’RE IN RECESSION, MICHIGAN (NON-WASHINGTON NON-FED GOV’T REPORT)
SENTIMENT INDEX AT NEW 16 YEAR LOW. ONE ANALYST SAYS DOLLAR WEAKNESS/LOWER
YIELDS/ECONOMIC CONCERNS WILL CONTINUE DOWNWARD TREND, INFLATION REPORT
SURPRISE/FOOLISH AND HIGHER INFLATION NUMBER FOR MARCH, CRESCENDO OF BAD NEWS
IN COMING WEEK AND LOOK FOR NEW LOWS/BOTTOM(?). OIL ANALYST CITES WEAK
DOLLAR/EASY MONEY FLOWS AND SAYS LOOK FOR OIL AT $120-$125. ANOTHER ANALYST
SAYS ITS TOO LATE FOR FED TO TURN THIS WRITEDOWN/SUBPRIME/ECONOMIC DOWNTURN
AROUND WITH BEAR ANOTHER $35-$70 BILLION BAD AND WHAT AFTER 28 DAY
LOAN-EXPECT TAKEOVER/NO MORE BEAR STEARNS. 3-13-08 SMART MONEY WOULD SELL
INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L
S**T ALONE (NOTHING WHATSOEVER) AS STANDARD AND POORS ANALYST SAYS THE END OF
WRITEDOWNS MIGHT (BUT NOT QUITE) BE IN SIGHT (WHICH IS LIKE THAT BROKER WHO
SELLS STOCKS FOR A LIVING SAYING HE’S TRYING TO KEEP CLIENTS IN STOCKS
BECAUSE AT SOME POINT THEY’LL GO UP)…RIIIIIGHT….. WHICH IS MEANINGLESS COMING
FROM STANDARD AND POORS WHICH SHOULD BE ACCOUNTABLE/LIABLE (FOR THIS FRAUD)
ALONG WITH THE FRAUDS ON WALL STREET, ETC., FOR THE TRIPLE A RATED SECURITIES
ON THE BOOKS WHICH EVERYONE KNOWS ARE IN FACT NOT TRIPLE A (WORTHLESS JUNK
BONDS, ASSETS, ETC.) SPURRING 200+ POINT SWING TO THE UPSIDE. VAST MAJORITY
OF ECONOMISTS NOW SAY WE’RE IN RECESSION (EVEN DESPITE ELECTION YEAR
GIMMICKS-AS GOOD AS GETS). RETAIL SALES DOWN MORE THAN EXPECTED .6%,
FORECLOSURES UP 60% YEAR OVER YEAR, DOLLAR DOWN SHARPLY. ONE ANALYST SAYS
CONTINUED UNEMPLOYMENT/EMPLOYMENT WEAKNESS, PREMATURE TO SAY AS DID S&P
THAT WE’RE NEAR END OF WRITEDOWNS, MAJORITY OF ECONOMISTS NOW SAY WE’RE IN
RECESSION, HOUSING DOWNTURN MUCH FURTHER TO GO, VERY DEFENSIVE AS STOCKS
CONTINUE TO HIT NEW LOWS IN LARGE NUMBERS, WORST OF HOUSING CRISIS AHEAD, AND
THIS IS A BEAR MARKET IN A RECESSION ECONOMY. ANOTHER ECONOMIST/ANALYST SAYS
U.S. CURRENT ACCOUNT DEFICITS, LACK OF TRUST IN U.S. FINANCIAL INSTITUTIONS
AND TRIPLE A RATINGS (BONDS, ETC., WHICH EVERYONE KNOWS ARE NOT), BANKS’ NEED
FOR RECAPITALIZATION, LOW SAVINGS (IE., CONSUMERS USING IE., GIFT CARDS FOR
GROCERIES, ETC.), FED LOSING CREDIBILITY BY FLIP-FLOPS/WRONG MOVES, AND SEES
ONLY SHORT-COVERING RALLIES AT BEST. VENEZUELA SHIFT TO PAYMENT IN EUROS FOR
OIL OUT OF DOLLARS. YET ANOTHER ECONOMIST SAYS WITH MONEY SUPPLY INCREASING
AT EXORBITANT 27% PER ANNUM, CITING ECONOMIST FRIEDMAN SAYS
HYPER-INFLATIONARY (CONTRARY TO LAND OF FRUITS AND NUTS ECONOMISTS WHO THIS
DAY SEE LAND OF FRUITS AND NUTS REAL ESTATE DOWN 17.6%, SALES DOWN 40-45%,
AND MEDIAN HOME PRICES DOWN $100,000, AND BUDGET DEFICITS ACROSS THE BOARD).
3-12-08 VERY MODEST DROP IN STOCKS RELATIVE TO REALITY, DOLLAR DOWN SHARPLY
ON PANICKY FED KNEE JERK FUNNY MONEY ACTION, ONE ANALYST/BROKER WHO SELLS
STOCKS FOR A LIVING SAYS HE’S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE AT
SOME POINT THEY’LL GO UP…..RIIIIIGHT…..REFERENCES THAT THIS IS WORST R.E.
DOWNTURN IN 100 YEARS AND NO BOTTOM YET IN R.E. AND WSJ SAYS WORSE TO COME IN
BAD PAPER (WRITEDOWNS, ETC.), AN OIL ANALYST SAYS RECORD HIGH OIL PRICES ARE
HEDGE AGAINST FALLING DOLLAR WITH A LOT OF DOLLARS RELATIVE TO GOODS (AS IE.,
OIL, OTHER COMMODITIES, ETC.-HYPERINFLATION) AND IF YOU HOLD DOLLARS/DOLLAR
DENOMINATED ASSETS/SECURITIES YOU LOSE VALUE AND SEES $4.00 GAS NATIONWIDE
WITH RECORD DIESEL, WHILE ANOTHER ANALYST SAYS THAT SEEING FED GO FROM LENDER
OF LAST RESORT TO LENDER (PRINTER) OF FIRST RESORT IS WORRISOME/TROUBLESOME.
3-11-08 SUCKERS’ BEAR MARKET IRRATIONALLY EXUBERANT NEW EPHEMERAL BUBBLE RALLY
ON FED FEAR AND TREMBLING PANIC MOVE TO ADD $200 BILLION IN WORLDWIDE
LIQUIDITY BY TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF FUNNY-MONEY
(WORTHLESS SUBPRIME COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM WORTHLESS
FUNNY-MONEY (U.S. DEBT WHICH CAN’T BE PAID BACK) WHICH IS A GREAT B.S.
TALKING POINT BUT JUST A DROP IN THE BUCKET CONSIDERING THE MAGNITUDE OF THE
UNDISCLOSED WRITEDOWNS/WORTHLESS PAPER BEING HELD(AND, CURING A BUBBLE WITH A
NEW BUBBLE-I DON'T THINK SO), ONE ANALYST POINTS TO THE HYPERINFLATIONARY
EFFECTS OF TOO MUCH LIQUIDITY CHASING TOO FEW GOODS AND MORE BAD NEWS TO COME
IN TECH SECTOR AND EARNINGS ALONG WITH MORE WRITEOFFS/WRITEDOWNS WITH WORSE
TO COME/NO BOTTOM YET AND HE REMAINS A BEAR, LAND OF FRUITS AND NUTS
ECONOMIST SAYS BAD BUT NOT TECHNICALLY RECESSION BASED ON GOVERNMENT
ELECTION-YEAR DATA (ONLY NUTS AND NUTS FROM THE LAND OF FRUITS AND NUTS
BELIEVE SAME) WHILE TWO OTHER ECONOMISTS SAY RECESSION WITH STRUCTURAL
PROBLEMS/HIGH INFLATION/LOWER DOLLAR AS FOREIGNERS/INVESTORS GET OUT OF
WORTHLESS DOLLAR WITH BIG TROUBLE FOR U.S. POST-ELECTION AS REALITY SETS IN,
TRADE GAP WIDENED, AND SMART MONEY WOULD SELL THIS RALLY/TAKE PROFITS.
3-10-08 MODEST DROP IN STOCKS RELATIVE TO REALITY, NEW BANK DOWNGRADES,
MORGAN SLASHES EARNINGS ESTIMATES FOR S&P AND SAYS ALREADY IN RECESSION,
EVEN MORE ECONOMISTS NOW SAY THE OBVIOUS/RECESSION, RUMOR THAT BEAR STERNS
WITH SUBSTANTIAL LIQUIDITY ISSUES IS GOING UNDER, DOLLAR DOWN, EARNINGS
ESTIMATES CUT ON CITIBANK AND BANKOFAMERICA, ONE ECONOMIST/ANALYST SAYS
(HYPERINFLATIONARY) HIGH ENERGY AND FOOD PRICES (CONVENIENTLY LEFT OUT OF THE
FED’S “TOUTED” CORE RATE) ARE SQUEEZING THE CONSUMER (AND HENCE,
CONSUMPTION/65% OF GDP) AND THAT COMMODITIES A BUBBLE AND MULTINATIONALS WITH
OVERSEAS EARNINGS/POSITVE CURRENCY TRANSLATION TO WEAKER DOLLAR PREFERRED, AN
OIL ANALYST SAYS $200 OIL POSSIBLE (REITERATING GOLDMAN) WITH CONTINUED
WEAKENING OF DOLLAR, ANOTHER ANALYST/JOURNALIST SAYS SELL DOLLAR DENOMINATED
STOCKS/SECURITIES/ASSETS WHICH HAVE MUCH FURTHER TO FALL AND REITERATES AS
DID BARRON’S THAT MORTGAGE INSURERS HAVE OVER $5 TRILLION IN DEBT/EXPOSURE
AND THAT MANY OF THE NATIONS BANKS ARE ALREADY INSOLVENT SO GET OUT OF THE
DOLLAR AND U.S. STOCKS. 3-7-08 BAD EMPLOYMENT/JOBS DATA ACROSS ALL SECTORS AS
63,000 JOBS LOST WITH DOWNWARD REVISIONS TO DECEMBER AND JANUARY (ACTUALLY
LOST 20,000) JOBS NUMBERS, ONE ANALYST SAYS WE’RE IN A RECESSION WHILE MORE
ECONOMISTS SAY RECESSION WITH ONE STATING THAT YOU ALMOST NEVER SEE
BACK-TO-BACK MONTHLY DECLINE IN EMPLOYMENT WITHOUT RECESSION AS NOW, DOLLAR
AT NEW RECORD LOWS, CONSUMERS INCREASED BORROWING TO STAY AFLOAT, WASHINGTON
MUTUAL FURTHER DOWNGRADES, SUPPORT LEVELS BROKEN TO THE DOWNSIDE, SENTIMENT-
85% BELIEVE THINGS WILL GET WORSE. 3-6-08 MODEST DROP IN STOCKS RELATIVE TO REALITY
TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS
FLOWING. 23% INCREASE IN FORECLOSURES IN FOURTH QUARTER NEW RECORD HIGH,
DOLLAR AT NEW RECORD LOWS, 10% OF HOMES WITH 0 OR NEGATIVE EQUITY, MORTGAGE
BANKERS ASSOCIATION SAYS HOME FORECLOSURES AT ALL-TIME HIGH AND GOING HIGHER,
ONE R.E. ANALYST SAYS ROUGH YEAR AHEAD WITH FORECLOSURES AND DEFAULTS UP, ONE
ANALYST SAYS MARKET WILL TEST NEW LOWS/SUPPORT LEVELS WITH FLIGHT TO
“QUALITY”/TREASURIES, LENDER THORNBURG DEFAULTS AND ALONG WITH WASHINGTON
MUTUAL IS DOWNGRADED, CONTINUING CLAIMS FOR UNEMPLOYMENT AT HIGH LEVELS MEANS
COMPANIES SHRINKING, IGNORE KNEE-JERK ELECTION YEAR GOVERNMENT HUNKY DORY
FAKE REPORTS. 3-5-08 OIL INVENTORIES LESS THAN EXPECTED, FED BEIGE BOOK CITES
ECONOMIC WEAKNESS PARTICULARLY SINCE BEGINNING OF THE YEAR, LABOR COSTS ROSE,
RISING PRICE PRESSURES/STAGFLATION, RECESSION/BEAR MARKET, ONE ANALYST SAYS
TOUGH FIRST HALF RECOMMENDS MULTINATIONALS WITH 50% OVERSEAS EARNINGS
(FAVORABLE CURRENCY TRANSLATION) AND CONSUMER STAPLES/HEALTH
RELATED/DEFENSIVE STOCKS, AMBAC TO FLOAT STOCK TO SHORE UP BALANCE SHEET TO
TUNE OF $1.5 BILLION/DILUTION AND SHARES FALL $2 TO $8.70, OIL ANALYST CITES
DECLINE IN OIL INVENTORIES/DIESEL/JET FUEL AND WEAK DOLLAR AND TOP $108-$110
BUT $120-$130 IF VENEZUELA/COLUMBIA CONFLICT AND MORE RECORD HIGH GAS PRICES
TO COME, ANOTHER ECONOMIST/ANALYST SAYS CONTINUED DECLINE IN REAL
ESTATE/HOUSING WITH STARTS DOWN 15-20-40% ON WELL DESERVED PESSIMISM/CREDIT
CRUNCH. 3-4-08 SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE BASED ON B**L S**T
ALONE, VIZ., RUMOR/SPECULATION ABOUT YET ANOTHER BAILOUT FOR WALL
STREET/AMBAC/BOND INSURERS AND OVER 200 POINT SWING TO THE UPSIDE BASED ON
NOTHING WHATSOEVER, ONE ECONOMIST/ANALYST NOTES THIS IS THE DEEPEST HOUSING
DECLINE SINCE GREAT DEPRESSION, BERNANKE SAYS ANOTHER SPIKE IN FORECLOSURES
AHEAD AND PROPOSES REDUCTION OF PRINCIPAL AMOUNTS IN EXISTING LOANS (SOUNDS
LIKE A PLAN…..RIIIIIGHT!), KEN SHREVE FINANCE EDITOR INVESTORS BUSINESS DAILY
SAYS BEAR MARKET 6-9 MONTHS/ DON’T TRY TO CATCH A FALLING KNIFE AS
INSTITUTIONS STILL SELLING/KEEP MONEY SAFE IN 3% MONEY MARKET FOR TIME BEING,
ONE OIL ANALYST SAYS OIL HIGHER BEFORE LOWER AS EXPECTED RATE CUT WILL
FURTHER WEAKEN DOLLAR AND DRIVE UP OIL/COMMODITIES PRICES AND PROBLEMS IN
CONSUMER DEBT IN ADDITION TO MORTGAGES AND NOBODY WANTS TO HOLD DOLLARS,
3-3-08 SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE, YES WE ARE IN A RECESSION
FROM SOMEONE WHO UNLIKE THE FRAUDS ON WALL STREET HAS READ SECURITY ANALYSIS
BY GRAHAM, DODD, AND COTTLE AND UNDERSTANDS IT (WARREN BUFFET), ALL NEWS
NEGATIVE, IE., ISM MANUFACTURING INDEX DOWN TO 48.3 (CONTRACTION), CAR SALES
DOWN AT GM (-12%) AND FORD (-7%), CONSTRUCTION SPENDING DOWN MOST IN 14
YEARS, OIL ANALYSTS POINT TO THE NEW HIGHS WHILE ECONOMIST/ANALYST SAYS
DOLLAR HAS FALLEN THROUGH ALL SUPPORT LEVELS MEANING MORE BOTTOMS TO COME,
INFLATION OUTPACING CONSUMER SPENDING (EVEN WITH SPENDING NUMBER HIGHER THAN
EXPECTED WHICH PROBABLY MEANS REALITY WAS NEGATIVE), CONSUMER
CONFIDENCE/SENTIMENT DOWN SHARPLY, CHICAGO MANUFACTURING INDEX DOWN
INDICATING CONTRACTION, $5.29 BILLION LOSS FOR AIG ON WRITEOFFS, INTRA DAY
HIGH FOR OIL OVER $103, INFLATION/WEAK DOLLAR/ECONOMIC WEAKNESS=STAGFLATION,
FOURTH MONTHLY DECLINE IN A ROW FOR STOCK MARKET, ONE ECONOMIST/ANALYST IF
NOT THEN ALMOST IN RECESSION WITH WORSE INFLATION NEWS AND INFLATION ADJUSTED
INCOME/SPENDING FLAT, ANOTHER ECONOMIST/ANALYST SAYS RECESSION AND CITES
NEGATIVE SAVINGS RATE AND FURTHER ECONOMIC WEAKNESS, ANALYST SAYS CONTINUED
ECONOMIC WEAKNESS WITH FURTHER DOLLAR DECLINE SO BULLISH ON METALS AND
BEARISH ON STOCKS, AND YET ANOTHER ECONOMIST/ANALYST SAYS INFLATION/RECESSION
BUT NOT DEPRESSION…..RIIIIIGHT, GDP GROWTH REPORTED MUCH LESS THAN EXPECTED
(BUT CLOSER TO REALITY) AT MINISCULE .6%, UNEMPLOYMENT CLAIMS JUMP 19,000 TO
373,000 AT HIGHEST LEVEL SINCE POST KATRINA, BERNANKE SAYS CONSUMER WORSE OFF
THAN JUST AFTER 911(?) AND THAT SOME BANKS COULD (WILL) FAIL AND THAT
STAGFLATION WILL NOT BE AS BAD AS THE 70’S, FANNIE MAE AND FREDDIE MAC SHOW
MASSIVE LOSSES, ONE ANALYST 50 YEARS IN THE BUSINESS SEES RECESSION AND SAYS
FINANCIALS HAVE BECOME IMPENETRABLE IN TERMS OF ANALYSIS/LOSSES, ANOTHER
ECONOMIST/ANALYST SAYS WE’RE NOWHERE NEAR IMPROVEMENT IN R.E./HOUSING MARKET,
YET ANOTHER ECONOMIST/ANALYST SAYS RECESSION WITH HIGHER INFLATION LOWER
GROWTH (STAGFLATION) AND THAT FED FORECASTS HAVE BEEN WRONG AND ONLY
RECESSION TO BRING DOWN INFLATION, NEW RECORD LOW FOR DOLLAR AGAINST EURO AND
SWISS FRANC (AND EVEN WORTH LESS THAN THE LOWLY CANADIAN LOONEY, ETC.) WHICH
ALONG WITH DEFICIT SPENDING IS HYPERINFLATIONARY AS OIL SEES NEW INTRADAY
HIGH OF $102.64, SALES/ORDERS OF DURABLE GOODS DOWN MORE THAN EXPECTED 5.3%,
BERNANKE’S NEGATIVE COMMENTS ON GREENSPAN RECESSION PROMISES RATE CUTS FOR
NEW BUBBLE WHICH RALLIES STOCKS, ONE ANALYST SAYS BANKS AS THEIR OWN INSURERS
INCREASES RISK, ANOTHER ANALYST SAYS CONTINUED DEFICIT SPENDING INCREASES
INFLATIONARY PROBLEMS/RISK, FORECLOSURES/BANK REPO’S UP 90% YEAR OVER YEAR,
REGULATORS PREDICT OVER 100 BANK FAILURES, FORECLOSURES UP 57% IN JANUARY,
WHOLESALE INFLATION UP MUCH HIGHER THAN EXPECTED 7.5% (CORE RATE 4+%), 9%
DROP IN HOME VALUES/PRICES, CONSUMER CONFIDENCE DOWN TO 17 YEAR LOW, ELECTION
YEAR/PROTECT INCOMPETENT INCUMBENT GOV’T PRINTING WORTHLESS DOLLARS LIKE MAD
WITH EXCESS LIQUIDITY CHASING TOO FEW GOODS (IE., FOOD UP 6%, ETC.) WHICH IS
HYPER-INFLATIONARY, ECONOMIST/ANALYST DR. KELLNER SAYS EASIER MONEY/FISCAL
PACKAGE WON’T REFLATE HOUSING MARKET (RECESSION), ANOTHER ANALYST SAYS IN
BEAR MARKET/RECESSION RECOMMENDS DEFENSIVE/PREFERRED STOCKS/BONDS/CASH, DR.
SHILLER- CASE-SHILLER INDEX- HOME VALUES CONTINUED DECLINE AND IN OR ABOUT TO
ENTER RECESSION (THAT’S ALREADY HERE), Stiglitz Blames Greenspan For
Recession, IBM ON $15 BILLION BUYBACK AND JAWBONING AND SIGNIFICANT OVERSEAS
SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) RALLIES
MARKET (WHAT BULL S**T), SHARPLY LOWER AND MORE WORTHLESS DOLLAR/HIGH OIL
PRICE RALLY CREATES YET ANOTHER B.S. SWING OF OVER 200 POINTS TO THE UPSIDE,
FOOD PRICES UP 6% ON ETHANOL CROWD-OUT, HOME SALES DOWN 5.5% / MEDIAN SALES
PRICE DOWN 4.6%, ONE R.E. EXPERT SAYS WITH SALES FALLING AND FORECLOSURES
RISING WORSE YET TO COME, LEADING ECONOMIC INDICATORS FELL FOR FOURTH MONTH
IN A ROW (-.1%), PHILADELPHIA FED MANUFACTURING INDEX UNEXPECTEDLY AND
SIGNIFICANTLY LOWER (THE PHILADELPHIA MANUFACTURING INDEX FELL TO A -24,
INDICATING A SHARP CONTRACTION IN THE REGION'S MANUFACTURING ACTIVITY.
ECONOMISTS HAD ANTICIPATED A READING OF -10, A LESS PRONOUNCED CONTRACTION.
LAST MONTH THE READING CAME IN AT -20.9.), ONE ECONOMIST/ANALYST SAYS
SIGNIFICANT INFLATION AND UNEMPLOYMENT-STAGFLATION-AHEAD ALONG WITH CONTINUED
DEFLATION OF HOUSING BUBBLE WITH NATIONWIDE AVERAGE PRICE DECLINE OF 8-10%
AND ANOTHER DECLINE OF 15-20% TO COME. SUCKERS’ BEAR MARKET/SHORT-COVERING
RALLY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE
DOLLARS FLOWING. (DOW +262, NASDAQ +48, S&P +31) [CLOSE- OIL $101.84 /
GOLD $920 / SILVER $16.85 / PLATINUM $1,877.30 / DOLLAR AT 1.54 AGAINST EURO,
98 YEN, 1.98 POUND STERLING, ETC. (HOW LOW CAN YOU GO - LOWER)]. I WARNED
AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS,
I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST
INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO
STRENGTH/TAKE PROFITS/SELL). SMART MONEY WOULD SELL HERE (TAKE PROFITS).
REALITY: THIS IS A BEAR MARKET IN A SECULAR BEAR MARKET IN A RECESSIVE
ECONOMY IN A SECULAR (AND QUITE PERMANENT-THEY’VE MADE ALL THE WRONG CHOICES)
ECONOMIC DOWNTREND IN THE U.S. ONE ANALYST/REPORTER/ JOURNALIST FROM INSIDE
SOURCES PEGS THE SUB-PRIME DOLLAR VALUE OF THE SHILLED WORTHLESS PAPER AT
$516 TRILLION (EVEN A PERCENTAGE OF SAME RENDERS THE PROBLEM UNFIXABLE-HENCE,
CULPABLE PARTIES MUST BE HELD ACCOUNTABLE AND DISGORGE THEIR ILL-GOTTEN GAINS
FROM, IE., COMMISSIONING WORTHLESS PAPER, TAKING A POINT HERE OR THERE AND
FRAUDULENTLY PASSING SAME ON, AD INFINITUM, ETC.). TIME TO PUT THE WALL
STREET AMONG OTHER CORPORATE FRAUDS IN JAIL AND REQUIRE FINES, PENALTIES AND
DISGORGEMENT OF THEIR ILL-GOTTEN GAINS. [PLEASE NOTE: I SELDOM NAME
ANALYSTS/REPORTERS/JOURNALISTS BEARING NOT SO GLAD TIDINGS FOR FEAR THEY’LL
BE CRUCIFIED BY THE FRAUDS ON WALL STREET].
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
OF COURSE NOT, WHEN YOU PRECIPITATED THE UNPRECEDENTED FINANCIAL DEBACLE
EXTENT TODAY.
Joseph Stiglitz calls financial crisis worst since 1930s Stiglitz said it was
ironic that former Federal Reserve head Alan Greenspan had said it was the
world’s worst economic problem in the last 50 years, adding, “He is the
source of much of the problem”
Jim Rogers: the Fed is Throwing Dollar Out the Window “This man Bernanke was
never elected by anybody. I don’t know where he gets the audacity to spend
$230 billion dollars to bail out a few friends on Wall Street. This is
totally outrageous.”
Rogers: Fed Has “Given Up” On The Dollar Paul Joseph Watson | Investor slams
Bernanke for destroying greenback to bail out friends on Wall Street.
The Fed is just an Extension of the Banking Establishment The Bear bailout
was engineered to serve the needs of the banking establishment; nothing more.
The Federal Reserve and the US Treasury are merely an extension of the
financial industry. The Bear bailout proves it
Stock Guru Granville: We’re in a Crash Octogenarians Joseph Granville and
Robert Stovall predict the worst. “We’re in a crash,” said Granville. “This
is the worst I’ve seen, and I’ve studied every bit of history all my life”
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
China Sends Thousands of Troops Into Tibet AFP | A week of protests against
China’s 57-year rule of Tibet erupted into rioting in Lhasa last Friday. Demonstrations
have since spilled over into nearby Chinese provinces with sizeable ethnic
Tibetan populations.
China makes arrests in Tibet crackdown
The video that China doesn't want the world to see
http://infowars.net/articles/march2008/200308video.htm
China Says Tibet Protests Have Spread...
Steps up crackdown...
...Admits Killing Rioters
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
SELL INTO STRENGTH /TAKE PROFITS/ SELL DOLLAR DENOMINATED SECURITIES
(3-20-08) (DOW +262, NASDAQ +48, S&P +31) [CLOSE- OIL $101.84 / GOLD $920
/ SILVER $16.85 / PLATINUM $1,877.30 / DOLLAR AT 1.54 AGAINST EURO, 98 YEN,
1.98 POUND STERLING, ETC. (HOW LOW CAN YOU GO - LOWER)]. FULL MOON WITH
OBVIOUS EFFECT ON LUNATIC WALL STREET FRAUDS. SMART MONEY WOULD SELL INTO
THIS SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY (TAKE PROFITS) WHICH IS BASED
UPON B**L S**T AND EXCEEDINGLY BAD ECONOMIC NEWS VIZ., UNEMPLOYMENT CLAIMS UP
MUCH MORE THAN EXPECTED 22,000 TO HIGH 378,000, CREDIT SWISSE TO REVISE
PREVIOUS YEARS PROFITS DOWN ON FURTHER WRITEDOWNS, PHILADELPHIA FED
MANUFACTURING INDEX DOWN, AND LEADING ECONOMIC INDICATORS DOWN FOR FIFTH
MONTH IN A ROW WHICH HAS ALWAYS SIGNALED/INDICATED/PRECEDED ECONOMIC
DOWNTURN/CONTRACTION/RECESSION. ONE SOMEWHAT SENILE ANALYST WELCOMED THE
MASSIVE AMOUNT OF FAKE/FIAT/PRINTED MONEY SAYING THE FINANCIALS WHICH HAVE
LAGGED THE MARKET BY 20% WILL BE HELPED/INFLATED OUT OF THEIR DOLDRUMS
(HYPERINFLATIONARY) BY SAME WHICH HE LIKES BECAUSE HE’S HEAVILY CONCENTRATED
IN FINANCIALS (GREAT CALL) AND THAT THE MONEY HASN’T SHOWN UP YET BUT FAILS
TO REALIZE THE U.S. HAS NEVER BEEN IN SUCH DIRE CIRCUMSTANCES ECONOMICALLY,
FINANCIALLY, AND GEOPOLITICALLY AS NOW. A MORE RATIONAL VIEW BY ECONOMIST DR.
IRVING KELLNER SAID STIMULUS THUS FAR TREATS SYMPTOMS WITH MERE BANDAIDS
WHICH FAIL TO ADDRESS/CURE THE PROBLEM/CAUSE/DISEASE AND IS RATHER SIMPLISTIC
TO A FAULT IN FOCUSING SOLELY ON HOUSING/REAL ESTATE VALUES ALTHOUGH
CORRECTLY STATES THAT EASIER MONEY WILL NOT ENHANCE THE VALUE OF
MORTGAGE-BACKED SECURITIES WHICH REMAIN INDETERMINANT, DOWN, OR GOING DOWN
AND ADVOCATES DEPRESSION ERA APPROACH SINCE HE CORRECTLY STATES ECONOMY HAS
ALREADY (DECEMBER, 2007 OR JANUARY, 2008) ENTERED THE WORST RECESSION OF THE
POST-WAR ERA (DESPITE ELECTION YEAR SPIN). ANOTHER ANALYST SAYS THIS IS A
SHORT-COVERING RALLY AND AN OPPORTUNITY TO SELL/TAKE PROFITS (I TOTALLY
AGREE), THAT THE FED DESPERATION MOVES INCLUDING PRINTING DOLLARS LIKE MAD
HAVE LED TO A DEBASEMENT OF THE U.S. CURRENCY AND THAT THE DOLLAR WILL
CONTINUE TO GO LOWER, THAT TRILLIONS HAVE BEEN BORROWED BUT THAT THEY WILL BE
UNSUCCESSFUL IN REINFLATING THE BUBBLE, THAT THE FINANCIA