The Too Smart Person

Closing Update for Thursday, June 16

The H & S is not dead. Remember we have a double left shoulder. Top today would have gotten too high but for the last 15 minutes selling which take it right back into the right shoulder. We are to have double right shoulders I suppose.

Closing Update for Thursday, June 16

Did you see that 30 million shares selling on SPY at the last 15 minutes of the market today? GS and the like kicked in selling now that they are ready to drive the market down I supposed. No wonder they made so much money. I claim part of that is my money and you GS mother-f_____ better give it back to me.

Do You Believe Banks Are Recovering? (Part 2)

The government is suppose to be the party that regulates the equity markets and prevents fraudulent activities. Instead, it is now the party that commits the crimes. What do you think will happen to this government? Do anyone still have confidence in this government? Do you think this government has the right to behave the way it did? No doubt there will be Tea Parties. I am sure many people will decide that this government will need to be replaced.

When will we see the prosecution of Mr. Helicopter B and Mr. Treasury G, I am personally harmed by their criminal activities.

Attention Fund Managers: It's Time to Buy

Don't wait for $VIX to go high for that capitulation. It won't happen. March 2003 market bottom saw a low $VIX compared to the October 2002 low. Captiulation is happening at this monent as many stocks going nose dives.

LEAPS of Hope

Not too soon to call the bottom. $VIX is lower than prior November low. $CPC is not at level for a bullish call. Catapulation has yet to occur. Blood will be on the street soon enough that we then can have a more descent bear market rally. Beside that, there is no reason to hope for more.

The Burning Platform (Part 2 of 2)

You think you can convine the stupid morons possessed by their own greed to change course. I bet not. Train wreck ahead. Plan your escape if that even possible.

Gold: The Only Remaining Bubble?

There are people that sees the elephant's ear and the elephant's tail, but not the entire elephant.

The debts that the US govenment took on is not sustainable. Current estimate is that such debts will grow substantially to 40 or 50 trillion dollars given all the unfunded obligations. US govenment will have no choice but to devalue the dollar some point in the future. Gold is not expansive when the dollar become worthless.

Current crisis was brought on by the unsubtainable amount of private section debts. We will have a future crisis and a possible continued crisis when lenders to the US Govenment decided that they are not getting any returns to take on more US Government debts. When that happened, interest rates will start going up, commodity price will start going up. That may happen faster that you think and that we may skip inflation and jump right to hyperinflation. That happens when the US government is in the 'bancruptcy court' and some other entitles will claim to be the new authorities wanting to take over the asset of the United States.

Sorry Gold Bugs, It's Time to Sell

One more comment: If gold does not take off when the stock market begin the next down leg, get out of your gold investment immediately because we may be facing another round of deleveraging/deflation indiscriminate selling.

Sorry Gold Bugs, It's Time to Sell

Aren't we all gambling here? There are always a few people that are so smart that they don't think they are gambling.

Buy at new high. Half of the gold mining stocks are at new high. It should take off as soon as the next down leg of the stock market begin.

Is the market going to go up instead of going down? It tricked us twice this month. I now think it is more like the Damage Protection Team at work as soon as stock market crash to the trend lines.

I have oil as of two days ago. I can risk it when oil hit new low. I guess oil and commodities are not ready to head up until the bottom of the stock market is reached.

Peter Schiff Answers His Critics

You can be right, but if your timing is off, you are wrong. If you only have a long term thesis with no sense of timing, how can you claim to be right. I am with Mish.