SeekingTruth

Global Markets in Review: Share Prices Too Far Ahead of Economic Reality

We have gone just about as far as the
" Mark to My Magic Marker"
and sugar coated cocaine laced stimulus high can take us WITHOUT more of the same fare injected into the veins of what serves as our economic and financial systems.
It would "help" some but by no means as much as in March.

Basically have agreed with Roubini all along on domestic issues , and with some others Internationally which have told a far different story at least up until now.
Not a bad time to take some profits and/or acquire some insurance in both arenas as it is becoming easier to recognize and assess the unsustainable every day.

Thursday Outlook: Commodities, Global Markets

Same old story. When Da Boyz determine that retail market is Bearish enough ,they do the opposite, sometimes accompanied by a big short squeeze preferably, but sometimes without.
Then when its run up to rediculously overbought levels fundamentally and technically , they set things up for the correction they know has to happen -- always has and always will happen, for certain and guaranteed.
Actually it's easier to exploit than a rally, safer too.
Those big computers and all that data and personnel online with the hair triggers, both
manual and automated , DOES make a BIG difference , and they are determined to milk it to the extreme , and why not?.
The difference between them and us is that they have the massive money power and all the connections to move the markets when they can time it right, which is almost all the time, and which is more than enough to pocket most of the money.
They really don't need any more help with the rules, they do well enough already, but then with them, enough is never enough.
And no, the rule changes don't surprise me any, it's all part of a rigged game.

Rallies: The Million Dollar Question

I should not and will not disparage your data or views, instead I thank you for them, as they are meaningful and relevant.

As one who was reasonably market savy in the troubled times of 1974, as a then amateur small investor, I can tell you that America at large had a great deal more vitality and genuine optimism for the future then, compared to what exists today.

This was in spite of some very difficult and trying times.

Our industries,and our manufacturing base, were much more dynamic and productive, and most believed , in spite of the hard times, that the difficulties were temporary, and that our best days lay ahead.
Most still believed in upward mobility of ordinary Americans, and jobs were still to be had in many solid and dynamic and growing industries.

I , for one, do not sense that this is true to the same degree today. The reasons for this would properly fill a book.

Whether this is reflected in the stock market is anyone's guess, but as for myself , I intend to remain cautious in "domestic" stock markets, even beaten down as they are, and explosive rallies or no.

In This Global Depression, Gold Is a Safe Haven

Gary, Brilliantly done as usual, and the quotes from Ghandi, etc. add a great deal of flavor and interest, and they so often are highly relevant and solidly on the mark, and they make your excellent and informative articles even more a pleasure to read. Thank You!

I have an "intuitive test "that I apply to Gold that backs up my financial nuts and bolts analysis on Gold. I don't overweight it , but I do consider it:

Take a thosand one dollar bills and hold them in your left hand, and in the right hand hold one ounce of Gold. Feel their weight , and move them up and down for a couple of minutes. Then think about which one you would "really" like to have if someone made you a gift of the contents of either hand. If the Gold "feels " heavier to you, take the Gold, if the Dollar bills feel heavier (in a financial sense of course), take the Dollars.

Right now the Dollars feel a little heavier than the Gold to me , but as my value analysis continues to condition my sub conscious , maybe the Gold will start feeling heavier than the dollars, which it very well could in the months ahead as the banking and economic threats continue to grow.

Preserving Wealth During the Global Banking Crisis

Well John Lounsbury, you are indeed a fair and reasonable man and I admire and respect your astute opinions, and they are legion!
It often happens, however , that step one does NOT lead to step two.
Thus, this time , we must do BOTH , more or less, at the SAME TIME! (Is "swift" justice only another American myth?)
If we don't enact swift and effective action, and these criminals slip thru our fingers yet again, then their progeny shall return against us to create chaos and mayhem yet again in even greater scale and calamity in the future.
Why?, because their predecessors, yet again, got away with it , and that always emboldens the crooks that follow.
Memories are too short , and ongoing distractions too many to wait around for Step 2 to take it's course on a "business as usual basis".
Does History bear me out ?, or do you think I am a victim of an overactive imagination?

Preserving Wealth During the Global Banking Crisis

As a well deserved follow up to you Gary:
A fine and greatly informative article that is much appreciated.
No one can ask of this article, "Where's the Beef?", as there is a warehouse full of solid prime meat in your excellent article, and it is such that we all should be able to use it to considerable advantage. Many Thanks!

Preserving Wealth During the Global Banking Crisis

Can we not apply the "Martha Stewart Standard" to the malefactors and crooks in the Banking/ Investment Banking Cartel?
Simply determine if their offences were more egregious than those of Martha Stewarts, and send them to jail if they were/are, just like we did her.
Isn't our justice system supposed to be based , in large measure , on precedent?
If their crimes are more egregious , and they therefore are in jail, we won't have to worry about their proflicacy and criminal behavior taking us all down the tubes quite so much again in the future.
In my view, this would be simple and straight forward JUSTICE , and not some form of tedious , confusing, and ineffective Rocket Science that many are making it out to be.