Yea I made the rounds also. I even seen a Site In India linked to you screwballs, lol, I will see you at the bottum, and I will yell back when I am back in. I tapped out 21 august. I will check my history files for the chap in India, basically he has a 70 day count chart but in this infested market please convey coherances to waves and tech orientations other than GD trends? Being holiday soon I anticipate
some drift down and even the crowd on CNBC is opined to correction. I turned them off in short order. I churned up some data points that reflected a brief thought that I may switch off until
February until blood is knee deep as the horror lingers on jobs elimination that will persists further. Consumers are still being exterminated Higgy and you can bet your last dollar they knew it before there beloved bubble machine cared to mention the level of dislocation mechanism's I will adher to since they are as they are. As I mentioned you will find a floor to this trend and feel you will be just fine. I do not short as you know but sitting on the fixed has a few daily advantages, namely I go to bed making a gain everday and the Bund rate will tell more soon I feel. If i see ~10% drop I will put 2.x % in. What i have seen is a local slippage of 5.5 to 5.6 floor stabilization markers lately on some asset deflated from 1982 dollars level to there actual cost since I had data points to it as many do. I had to go back that far to posit the rate of some assets priced to these dollars today. I hate to be that way but deflation is the only chance in hell we have to reconnect some consumers to get this market moving forward to investment spending at least on my findings. I feel namely like 5 to 8 percent down or more here from our current level to sweep some absolute balance sheets out but they do not prescribe to this reality so screw them. We are not at bottom yet as we all know but will pound out some data until that CPI God the Feds have used to dislocate actual spending over time as acrued debt speculation on may fronts resolve. Contract should be enforced and the Bank get the same dose as the speculation customer to fullfillment and I did reflect on the imposion number of Banks to date. It has really caught the Keynesian's and our Country in a long term non value added orientated tar pit.
http://market-ticker.denninger.net/arch ... Japan.html - “This election has been all about changing the government,” Hatoyama said in a nationally televised press conference. “Everything starts now.”
denninger posits: Create a basket-of-currency settlement system over in Asia with the Yen and Yuan as the core elements and the US immediately loses control of the game we've been trying to run with the banksters and fraud-laced credit games in the United States." Given the avarice and the beltways condition how long will the tax payer keep voting the lepers back in who deseased the process? We know the so called checks and balances take time but not decades to this ill condition and America is not only to fault. Cooler heads can prevail but the level of more than concerns thinking people. This is make or break time for the White House over the next year as we see the verticle international landscape moving away it more than appears. I think fair trade can be establised or we need to simply focus on core issues at home point blank and as I have forwarded attitude starts at the top and change as reminded from the inside. It may be a colder winter indeed. We understand there plan on the nature of the Fed and the Central Bank and know it it crucial for the taxpayer to understand that it will take time enough to fix thinks so he has time to clean it up top to bottum since the first place in inside your own door and tell the gatekeepers to do just that as gatekeep. The spin garbage will drag on until mid term elections I feel and that should be a fatal mistake to the voter to contemplate. We know the crises needs a direction and to date we know where that is going in its leaning. The left coast and the right coast better remember the middle part or this may indeed get real ugly.
Japanes joint venture with GM over. Hello.... add trends here. I feel they will slowly walk out the door just as did North America Company's since Nafta et. al. This has been a long term trend as over the last few decades we watched it happen. Given the instant communication abilities since the wall fell we do live in interesting times. The Keynasian playbook leads to genarational socialism gradualisms as there goal and we know when the model breaks. When there are not enough to pay for it, and for semantic purposes pick up Human Action by Ludwig Von MIses as a primer on why it happened. Mr. Obama mustered the vote as the Senate except a few could not see the writing on the wall that red ink musters no relationship. Some in the EU think the inmates are runnin the market now, and here many have alluded to the children in Washington. As we know we can tough it out as mentioned until sound reasoning returns. Given the reality if they kicked ass and took names this could of been tempered by avarice blinds. As conveyed some time back we are still sending stuff over the pond and maybe salvage another contract but indeed more dismissals are coming as are the SCDS and CDS settlements over the pond also mentioned soon. Tear up's are happening as treasury by proxy, but as my first or second conveyance was on GD forwarded to remind how adulterated we are in the scope and political landscape out there in context to severe disconnects from players who really are still ideological masked in this grand sad affair to date. John has painted a pretty damn good picture we have trended to date with the format. Also, our settlement cleared to the last contract so its in tax free acount until the principal mails me the account so its been a good week so far.
http://www.contrarianprofits.com/articl ... ptcy/20199 "Last fall’s panic was not really a “black swan” event; it was the realization that much of the banking system was insolvent and at the mercy of electronic bank runs. Last fall, I thought that at the very least, the authorities had a plan to wind down Lehman in a controlled manner. Instead, Lehman went into forced liquidation and took the “shadow” banking system down with it."
Paul Volcker, Stanford, Feb 11, 2005
A few selected excerpts:
"Altogether, the circumstances seem as dangerous and intractable as I can remember."
"Boomers are spending like there is no tomorrow."
"Homeownership has become a vehicle for borrowing and leveraging as much as a source of financial security."
"I come now to the heart of the problem, as a Nation we are consuming and investing, that is spending, about 6% more than we are producing. What holds it all together? - High consumption - high leverage - government deficits - What holds it all together is a really massive and growing flow of capital from abroad. A flow of capital that today runs to more than $2 Billion per day."
"What I'm really talking about boils down to the oldest lesson of financial policy in Central Banking: A strong sense of monetary and fiscal discipline."
As investors return from their summer holidays, Mr Chaytor said they would take one look at where the markets were and start putting money to work. This buying, he said, could carry the S&P 500 to 1,121 – 8 per cent above Friday’s midday level.
But will investors really chase the market on their return from the beach? Or will they conclude that the rally in risk assets that started in March has gone far enough and lock in profits? After all, it is often a good time to sell when the bears are capitulating. [/quote]
In June 2008, Janjuah issued a global crash alert, which was covered in John's blog here:
http://www.generationaldynamics.com/cgi ... b#e080618b
This year, Janjuah also correctly forecast that the stock market (S&P 500) could rally to a level of 1000-1050 by the end of August. He said that the economic data would not justify the projected levels and the market would then crash again. He then flew off to Barbados. Apparently, a lot of traders have been following Janjuah's predictions and I suppose it's possible that many covered their shorts on Friday morning's open, which was the high for the day before dropping back and closing 10 points below the open.
At the same time this was occurring, Robert Prechter of Elliott Wave issued a special alert for subscribers to go short. I'm not a subscriber, but read about it at Yelnick's website and a couple other places.[/quote]
