Saturday, May 1, 2010

Obama Bashing is Not Necessary

Obama Bashing is Not Necessary

And that is not my point.  My point is:

1) Our leaders are either clueless, or
2) Our leaders have found some way to rationalize to themselves that telling lies to their constituents is what is necessary to "protect them", or.....
3) Our leaders are pathological leeches that will throw us to the wolves--and pick at our bones themselves-- to better their position in life or increase their power and sense of self-worth.
4) Hand picked by the ruling elite.

What say can you not respond to those 4 choices?

Friday, April 30, 2010

Fear Factor and DWC / GLD (tertiary fear factor)

Chart of charts

Review the old posts for interpretation.   Search for chart of charts in the search box. 

Questions, just ask.

5% near term correction

Everything I see show some support about 5% down from here.

Head and Shoulders patterns everywhere, I see them everywhere (spoken like the kid from the ghost movie).

Comments appreciated, please leave a comment.

Tuesday, April 27, 2010

Wow, too bad I have to work! This is exciting

Leverage restrictions are being increased, see Etrade email.   Perfect timing....the rally that no one got on except the thieves that knew the easy money would keep flowing, and now that a  turn down is near...and the bears accounts have been dwindled....don't let them make any serious money, cut the leverage.   Only the great HBB deserves to make money, the rest can work if they can find a job.

ES having a pop on Europe trading day start.

And don't forget, the great bald evil one speaketh tomorrow....promising more easy money (easy to do whilst Euro is set to crash).

Too bad bald Eagles have to be beggars, even if proud beggars.  Is it worse to be a humble beggar or a proud beggar?  Riddle me thus.

Quoted from an email by Steveo today (can one quote oneself?)
The world is getting more and more weird. It is like human complacency is not tolerated by natures design, so randomness rages is to secure future growth (if we don’t totally f the earth up)

Rowboat of Charts, Row for your life!

A 20 minute perusal of my little "universe" or perhaps galaxy of tickers shows that the most absurd ones have just gone parabolic, homebuilders like TOL.   
For whom does the bell TOL?  For the retail that chases this mass global insanity. 

There are some powerful charts here, click each one and leave a comment or two please. 

Monday, April 26, 2010

GM spin almost got me

I thought it improbable that GM could have actually turned around, banked some serious profit, and then repaid the taypayer money.

However, the claims of GM paid back the loans was announced enough that I almost just accepted it as a cost of the "cash for clunkers". 

Reality--- you, the taxpayer, own about $50B of GM stock, 61% of it in fact (let's not even get onto Fibonacci number, please) which was the way of giving them money without sadding them with debt.  

They used one TARP source of funds to payoff another TARP source of funds, and claimed that to be "a payoff", spending millions to advertise this lie.

If GM bought back all the taxpayer shares in GM it would cost a boatload of money.

Everyone is "all in", but what if the piper shows up and wants to get paid?   This spastic party dance that we all know is a lie will end badly.   We all know it, the hairdresser, the mailman, the gov employee, they all know it.

Mother of all charts

HInts of Bear

Patterns Blown Up by Big Ben / Chart of Charts

There are boatloads of bearish pattern out there, rising wedges, rectangle tops, pipe tops, ascending triangles (could be bearish, depends on really what wave the stock price is in).

And of course, investor sentiment is as high as their complacency.    Molecool has some secret sauce indicator that incated last Friday a blatant federal manipulation.   If you can "backstop" a  bank, why not the whole market....

And for those who want to somehow insist that federal intervention in the market is not being done, why not just read the Federal Reserve notes and speeches from Bernanke, they come right out and say they are supporting the equities market, just as they put a huge bid under the bond market last year also.    What I am saying is---they admit it!

Many timing models say the next 2 weeks is ripe for a turn down, and even some Astro events would imply big volatility soon.

But the big printing press of the Fed's is unlimited.   And "they" can buy every dip, until confidence comes back.   A deadly dangerous game they play...the deeper we get, the more there is at risk, which then makes sense to "invest" even more to protect the trillions that have already been thrown at this problem.   Trillions invested, a few hundred billion in GDP as the result so far....not a good return on investment IMO.

But keep in mind....they can keep buying the dips, to "restore wealth".     "Equities" sounds so solid, but it has nothing to do with wealth.    A stock price is only a fleeting electron passing through a microchip, that is what our entire system is based on.  The current P/E ratio is around 23, that is if you believe the earnings, it might really be around 60 or even 100.   PE of 23 occurs at tops, not so called recoveries or bottoms.  

This is all a bunch of hogwash, but standing in front of the printing presses could doom your account.