Archives 6/17/09

Unemployment: A More Realistic Forecast
Good analysis. The stock market can't keep brushing off this dire reality.

Bailout Nation: Was TARP Just a Ruse to Protect Citigroup?
It does seem suspicious how all these banks are miraculously repaying the TARP...the whole thing was a scam.

Inflation, I Don't See No Inflation
That's because we're in a long term deleveraging, deflationary economic phase.

Oil falls below $70 on mixed US economic signs
It should be atleast $30 lower considering how deep the recession is.

What the World's Great Recession Looks Like
Good analysis

Fear and Looting in America: Shouldn't We Let them Fail?
A class war that the little people have been losing forever...

Art Cashin: 'Long Tough, Slog Ahead'
This huge rally is just a dead cat bounce, but don't short it yet.

When to Get Back in the Market
You should buy the dip now because momentum is strongly bullish, but ONLY as a trade.

Horrible Jumbo Market Shows The Real State Of Housing
But the stock market seems to be ignoring this bad news. Eventually reality will set in.

Obama To Unveil Plan To Regulate Banks
This is a joke. As long the stock market keeps surging no one will be held accountable as complacency sets in.

Facebook loses battle against German lookalike
Awww poor pupply. Between being worth $10 billion or whatever and having 100 million users you can't have it all.

John R. MacArthur: Obama a very smooth liar
Spot on

Euro fails above $1.40
Short term bullish on Euro, longer term very bearish once it becomes painfully apparent that you can't inflate your way to prosperity.

Looking at This Recession in a Historical Context
Very thorough analysis. Good grapths.

Second-Half Recovery Is Nonsensical: Economy Still Descending, Ritholtz Says
Agree. These green shoots are wilted.

Global Markets: Pause or the Start of a Slide?
Slide. $30 oil & deflation will kill these BRIC indexes...

Nation is on the wrong path with stimulus spending
Agree....it was a huge boondoggle.

This Recession Is Far From Over
Agree. Stomping out those green shoots.

GOP still touts 'voodoo economics'
Bottom line: We can't trust either the democrats or republicans to act in the best interests of America.

Banking Chief Calls Refis ‘Next Shoe to Drop’
It will be atleast another year before the fundies on wallstreet pick up on this, just like in the first housing bubble.

Pres. Obama: Change your Tune and Fast -- or Lose Big Time!
The little peope never mattered. The objective is to make the stock market go up by printing money- at the expense of the middle and lower class.

5 Steps to Successful Day Trading, Part 2
useful information

A more balanced bull vs. bear debate
Even though I'm a bear I feel this bull may have much further room to run before we enter a long bear market.

Today's Outrage: Feds Botch Bailout Bounce
I hope the author is being sarcastic or flipant...

Give Obama 40 More Years in Office!
We can extrapolate based on the past 100 days that if Obama were in office for the next 40 years there would be no country left.

Rally May Be Over After Touching 950, Morgan Strategist Says
That would seem too 'obvious'. The rally still has further to go until reality finally sets in and March lows are retested.

Oil Hovers at $70 Despite Iran
Blame the fact that the economy is in the toilet and oil shuld be at $30.

The Savings Rate Must Increase
It will. We are in a long term process of deleveraging, but there will be no increase in consumption.

CHART OF THE DAY: Gold: It Just Can't Break $1,000
With the fed printing arbitrary sums of money, a break above $1000/ounce is inevitable...


Online sales slump as older consumers grow cautious, comScore says
Say it aint so! The happy land of the world wide web isn't immune to recession after all.

Currency Technical Report (FXstreet.com)
Good analysis

Rosenberg: The Green Shoots Turn Brown
Yup...it appears as if someone stepped all over the green shoots and crushed them.

The casino is still open for business.
Agree. Things are returning to how they were before. More leverage, more hedge funds, more greed. So much for regulation.

Setback "Necessary" But Sidelined Cash Should Put Floor Under Stocks, Sonders Says
There is no sidelined cash. The wealth was destroyed.

The Recession Is Over, Schwab's Sonders Says
LOL this is a blonde joke that tells itself...

Turning the Page on Stocks
March lows will probably be retested, given the state of the economy. When? No one knows.

Is The Worst Behind Us?
Anyone with the nickname 'money honey' isn't to be taken seriously.

It's No Bull: Bears Are Still In Control of the Stock Market
Agree. This rally is just a dead cat bounce that went into overtime.

Tracking The Second Great Depression
This is just the beginning...

Stocks Bear Market Targets
I agree we should see 400 on the SPX, but we may retest 1250 first. This is a very long process.

The TV Business Is Toast
This is the same Blodget that was barred from security trading.

What Iran’s Troubles Could Mean for Your Investments
But that would be too obvious. Warmongering is sadistically bullish, as was the case in 2003-2007.

Goldman Sachs: Sorry About The Financial Crisis
I guess it's easy to be sorry when you get a slap on the wrist, and your stock is up 170% in just six months. Now all these banks are miraculously repaying TARP...what a joke.



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