market ace

25 Reasons We Will Not Have a Depression

In addition to the disaster that is E*Trade (still using their false ads of a thousand new accounts per day) You should be worried about the entire equity sham.

I hope you all investors are aware that you do not own the equities you have paid for (unless you physically hold the certificate in your hands - not even allowed by many companies) and no where does your name appear on the companies records. You are totally at the mercy of The Depository Trust Company (DTC) and few people know they even exist, if they are solvent, will stay solvent, are honest and trustworthy, or worse yet if they have any record of you.

The DTC owns all bonds and stocks, not the investors. Rather than in your name, all equities are registered (as the legal Registered Owner or agent) in their "street name", Cede & Company.

The DTC is the Registered Owner - holder - of your stock or bond. The DTC is the legal property-holder, share-holder, stock-holder, owner and purchaser. Your name appears nowhere on the book entry or certificate as the actual owner. Instead, you have been designated by the legal registered owner, the DTC, as the Beneficial Owner. This means that your lawful Rights in that stock or bond are confined to that of a successor or heir. The difference between an owner and a beneficiary is like night and day. Take the time to absorb and understand the definitions:

In these troubled times fraught with fraud, gov't intervention and Wall Street crooks this should be worrisome to most investors.


On Nov 21 10:22 AM The Dark Years wrote:

> I have several E Trade accounts including Roths for my children and
> have been concerned for some time now about what happens to those
> accounts if E Trade fails. Each account carries long investments
> that are down twenty to eight percent. I have recovered in short
> term trading, perhaps half of what was lost since early 2008. So
> what to do now. Continue to play the short term trend and try to
> get back to parity before the fall. When to withdraw the cash and
> what to do with those dollars once in hand remains the question.
> Physical gold and silver seems a good bet, but what if it is a bubble?
> Where does one go for cover?
>
> Your insightful thoughts about the fragility of E Trade (and by extension
> TDAmeritrade and others) gives me much needed pause for sober reflection.
> When you stir into the mix governmental ineptitude, corruption, and
> the arrogance of leadership the mix thickens. Add the cost of two
> unnecessary occupations, and the full measure of the world wide economic
> crisis and you have a mess in the kitchen which will be almost impossible
> to clean up. Of course you can try adding a dash of peak oil price
> as a kicker and who knows where it will go? I know that I will be
> paying close attention to my E Trade, and other trading accounts
> based on your informative assessment. Thank you.

Housing Starts Plunge

Gee what a surprise. Why aren't all of those unemployed people and those that will still lose their jobs out house hunting with all of their free time? Surely the millions of people facing foreclosure should also be in the market for a nice new home.

Is it possible that even with a ridiculous gov't giveaway that eventually you run out of new home buyers - even if the definition of "first time": is badly abused?

Gee is it possible that Main Street America sees the economic disaster all around them that is only getting worse while Wall Street and Washington sitting in their ivory towers collecting multi-million dollar bonuses cannot see what is really happening to the country and keeping preaching about some recovery that is a myth at best..

10.2%

Maybe you should take time out from worshipping that tax cheat Treasury Secretary that answers to GS and not the American people. I'm afraid what you have yet to learn is that the US is now the world leader in fraud, debt and excess consuption for many years and there is a price to be paid for that and it will be paid eventually.

Agreed no one should be a perma bear, but obviously you are too young to remember the great depression and should spend some time researching what happened. Apparently you are drinking too much gov't and media kool-aid and are closing your eyes to the reality around you.

What disaster can befall a perma bear that avoids the markets and makes or looses nothing - as long as they have protected themelves against possible hyper-inflation which is the only growth you may be seeing in the future, while not realizing that your wealth and purchasing power are being destroyed while stock values go up and cause a real illusion to people like you.

I applaud you for saying you may be wrong, but as someone that has been involved in the economy and markets for over 50 years I can tell you that you have only a slim chance of being right.


On Nov 06 01:19 PM KingGeithner wrote:

> The perma-bears on here are as blinded as the perma-bulls were from
> 2002-2007. You are all too convinced by your own arguments to see
> that the US will not collapse, has avoided an economic holocaust,
> and likely will benefit the most (of all already developed nations)
> from rising emerging markets. The US is the global leader in pharma,
> tech, biotech, large multinational corps, and with a weakened dollar,
> these companies will only grab even greater market share in their
> industries.
>
> Now, unlike most of the posters on here, I am not completely firm
> in my opinions, and do allow for the chance that I will be wrong.
> There still is a chance that we can experience a double dip. However,
> I think the perma-bears, or any individual that fails to consider
> that they maya ctually be wrong, are setting themselves up for disaster
> themselves. Good luck perma-bears, but I think you will probably
> miss out over the next few years because most of you are completely
> inflexible with your opinions.

Roubini: Commodities Due for a Correction

Maybe Roubini got it right on the financial crisis, but now he is just taking advantage of that and shooting off his mouth without much real knowledge of what is happening or going to happen, like the typical econ professor that he is.

Apparently the world moves to fast for him to comprehend with statements like it will take decades to kill the dollar as the world's reserve currency when our gov't is pushing so hard to devalue it and the rest of the world is sick of our deficits amd QE and has the power to kill it whenever they choose.

Does he really think commodity position limits would stop speculation when all that will do is move trading to other foreign markets.

As usual he has no concept of gold as money and hangs his hat only on supply and demand.and even ignores the devaluation of the US dollar, the Chinese demand and the huge shorts held by US banks that need to be unwound.

Roubini has had his day and should now shut up and crawl back in his black hole

The Real Job Loss Story: Death of Small Business

Small business does not make giant payoffs (campaign contributions) or have lobbyists padding congress peoples pockets so the gov't does not think they need them, The power hungry socialist in Washington, which are married to Wall Street, are too high up in their glass towers to see or care about the foundation crumbling beneath them.

As usaul the Gov't thinks small business is struggling because they cannot get credit as they think debt is the answer to everything. Why would small business borrow to expand in a dieing econmy? Econmoic policies, tax laws and true healthcare reform (Not the Pelosi tax, regulate and screw business) model are desperately needed, but it will never happen with elitist clowns running the country.

Unemployment Claims: Watch the Distortions

Oh no I just hate it when the truth comes out and ruins the party. Well actually I guess it did not ruin the party as Wall Street drinks the phony Gov't kool-aide and ignores reality.

Wait until tomorrows phony jobs numbers come out and Wall Street eats that up too. Washington throwing a trillion dollars out there has managed to slow the decline, but even that amount can not create job growth as it is all being used for unsustainable programs.

Corporate Layoff Cycle Seems to Be Taking a Break

Wow what fantastic news here. I guess when you run out of employees to lay off job losses have to decline. Still 530,000 new unemployment claims per week though. There are absolutely no prospects for job creation in the US and the stimulus welfare bill did nothing to stimulate long term job creation so now congress is extending unemployment benefits as they know there will be no new jobs for a long time. Without income growth there is nothing that can possibly sustain a recovery.

I think you have confused a bull market with a BS market as the only growth going on is in the size of gov't, the increase in gov't debt and the increase in wasteful gov't spending.

Expect to See a Short-Term Gold Pullback

You guys that bury yourself in charts need to look up and view the world around you once in a while to see real trends. I read 5 articles on gold today by chartists and the short term predictions vary so much it is hard to believe they are writing about the same asset and using the same charts.

As stated by the previous comment, big US banks doing the govt's bidding to manipulate the price down are getting in serious trouble with their giant shorts. China and now India are setting a bottom price for gold and when the truth comes out about all of the missing gold supposedly held in US and UK vaults and the comex naked shorts gold has only one way to go.

It does not take a genius to now say in the short term there will be a correction as no price goes straight up. I guess traders try and guess these short term gyrations, but anyone investing in gold should be looking at the long term not just tomorrow's price.

Commodities: How to Trade Like Goldman Sachs

GS bearish on gold and silver - Ha Ha Ha.

Since they are very short on these metals as they carry out their gov't mandate to manipulate their prices they have gotten caught with their pants down on this one and are trying to again lie their way out of a big loss.

In typical fashion I am sure they are betting against their own predictions as that is the way they sucker investors into their web to show great trading profits..

Consumer Credit: Precipitous Drop in Credit Card Offers

CC mail offers are down because CC companies do not need new business as they have found better ways to make more money by screwing existing customers with absurd inrest rate increases, more and higher fees and increased payments.

GDP Euphoria: An Artificial High

The Gov't plastered a 3.5 percent GDP growth rate on the marquee yesterday, and traders acted as though the information had come from God himself. I always expect the stock market to wet its pants when these dog-and-pony shows turn up the wow factor with a laser light show. But did this market surge really indicate that any sane person truly believes that the economy is strengthening as opposed to the gov't just growing out of control on every front?.

The rally felt like it was about 99.99% short-squeeze, with Abbe Cohen’s plump, well flock making up the other 0.01%. But that still begs the question of why Mr. Market should have been so nice to us, providing a fabulous opportunity to unload stocks even though “everyone” knows that the bear rally begun on March 9 is over..Mr. Market is planning to drown all the believers on Friday by savaging bulls that just cannot seem to understand the reality of the economy and want to believe the BS coming from Washington.

Q3 Real GDP: Not All Details Are Bad

It is only fitting that on the 80th birthday of the great market crash of 1929 that the gov't now thinks they can feed us pure BS and hocus pocus stats to try and avoid a repeat of that fateful day and mask the terrible economic pain being felt on main street

About half the reported growth in GDP came from the expired Cash for Clunkers, government- subsidized, vehicle-purchase plan where they provided significant cash rebates in exchange for consumers buying the cars the Central Planners wanted folks to buy. Most of the rest of the GDP growth came from increased government expenditures, which were up 7.9 percent. This is a great number for socialists; however, for households, which account for 70 percent of GDP in a capitalist economy, not so great. Households remain stuck in an economic quagmire. Current economic policy appears to be more about the government and Wall Street than the average American household, and 3rd quarter GDP brings the point home in spades.

For the American Household, the deep recession (possible depression) remains firmly intact. Present and future cash needs remain a fearful proposition in the wake of rsing unemployment and lack of income from every investment source.

U.S. Economy Is Growing Again?

The only thing that is growing is the size of gov't, gov't bailouts and gov't debt. To equate that with economic growth as the public suffers and mires in depression is hardly reason to celebraete or be optimistic about and "recovery".

I Heart ETNs

ETN's are hardly worth the risk for most investors. Maybe you did not notice, but most of us do not hold 50,000 shares at a time and depending on noise to monitor these banks stability, since most are foreign, is not for me.

Too many also have very small volumes that make them undesirable to me. I do hold DGP, but it has alot of volume, but I also keep close stops on it.

Dollar Is Up - Against Only 9 Currencies This Year

Thanks to the great work of Geither and Bernanke and their strong dollar policies -LOL, we are not dead last and have beat out these stellar currencies.

Can't we also count a win against the Zimbabwe dollar that went defunct and get this total wins to 10?