Fulcanelli

More from Obama on financial regulation: "There will be those who argue we should do less or nothing at all. But to them I’d say only this: Do you believe that the absence of sound regulation one year ago was good for the financial system? Do you believe the resulting decline in markets and wealth and employment was good for the economy? Or the American people?"

He only reads what is given to him.

Obama on finance: Seeks to jump-start regulation with "common-sense rules of the road" for industry. "Storms of the past two years are beginning to break," but "normalcy cannot lead to complacency." Emphasizes consumer financial protection, higher capital ratios and greater liquidity.

YOU LIE!

How Goldman Sachs Games the System

Yeah not much future in "trading" unless you are on the inside. That's why I left it last year knowing the game is heavily favored against me. So I started working on my own legit non-trading business. And I guess for the rest who thinks trading painted charts with tight stops is legit, get back to the track, Big Daddy Pimp want hiz money!

Sobering Stat: ARMS Index Indicates Market Is at Peak, Not Bottom

They paint the tape to lure in the TA players and soon they will smoke all those fools too. Get your downside stops in now because when SKYNET starts to sell the gap down will be massive.

On Aug 29 01:53 PM aarc wrote:

> --------------
> TRIN reading aside; the technical picture on both daily and weekly
> charts have significantly improved with the rally of the last 2 weeks.
>
>
> Momentum indicators on both daily and weekly charts are indicating
> they can support further rallies. Short-term Elliott waves analysis
> also supports further upsides. Longer-term,; EW analysis points to
> lower lows. But that is the nature of TAs; short term can be bullish
> but long term can be bearish until proven wrong -- and vice versa.
>
>
> The monthly chart is still significantly bearish and is still trending
> down using the basic ADX indicator.
>
> The SnP500 is now projecting a target of 1063 to 1075 within the
> next 2 weeks if the bulls can sustain the rally using Elliott waves
> analysis.
>
> Minor resistance is at 1043 which is the 2x fibonacci price projection
> on the daily chart of the June to July correction and a major resistance
> at 1055 which is the monthly 20ema that is trending to the downside.
> We don't know if those resistances will work or not until the bull/bear
> battles had been completed at those levels.
>
> For the bears; it is very hard to make a reasonable technical analysis
> since there are lots of strong supports below such as the daily 20ema
> support which is now trending; the 1018 support which was tested
> last Aug 27; 956 which is the last high of June. We can also add
> the daily 50ema, the daily 100ma, the daily 200ma supports, etc.
> There are also a plethora of fibonacci retracement levels down there
> that can provide supports on both daily and weekly charts not to
> mention their own moving average supports. And the monthly chart
> has the 10ma which is being used by some TAs as initial support for
> long-term position holding in situations such as we had these last
> 2 years.
>
> At the current stage; the highest probability is that any selloff
> or correction will be bought by the bulls or by those who failed
> to buy at the bottom and/or failed to fully or partially participate
> with the recent rallies since March 2009. Whether or not their combined
> efforts will prevent a potential meltdown and sustain the existing
> 6 months of rallies nobody knows for sure. But we can be sure, lots
> of those who had been left behind will take advantage of any pullback
> or correction.
>
> For the armagedon'ers; here is the scenario just in case we drop
> like a rock from here: a normal target range of from SnP 721 to 635
> with a maximum target of 524 under extreme conditions. These targets
> will have to be adjusted depending on when and where the expected
> "big" correction actually start to happen and sustain, if at all.
>
>
> So the possibility of SnP going to 500 or lower as the major doomers
> have been "preaching" goes into the low probability scenario.
>
> There is a very small window of opportunity for the bulls as of Friday
> or Aug 28 to execute the next rally, so they will have to do it early
> next week. Until then, we don't know what the next move will be for
> the bears. The bulls are holding the ball right now.

August Existing Home Sales: +7.2% to 5.24M, the biggest monthly gain on record, vs. consensus of +2.1% to 5M. NAR's Lawrence Yun was ecstatic: "The housing market has decisively turned for the better. A combination of first-time buyers taking advantage of the housing stimulus tax credit and greatly improved affordability conditions are contributing to higher sales."

Great time to get heavy into debt. Poor bagholders. Nothing like being underwater the minute after closing. Oh yeah, it will bounce back. It always does.

U.S. stocks could still go higher, Dr. Stephen Leeb says, but once Wall Street realizes how serious earnings issues are, it's only a question of who's left holding the bag. "For the next 10 years or more, money will be made by those who invest in the hard stuff – commodities – and the emerging markets."

AMEN Brother!

Fed Open Market Committee: Winding down $300B of Treasury buys by end of October rather than September. Maintains federal funds rate at 0-0.25% and expects it there "for an extended period." Though economic activity is "likely to remain weak for a time, the Committee continues to anticipate ... a gradual resumption of sustainable economic growth in a context of price stability." Expects inflation to remain "subdued for some time."

Anyone have a link to any statement they have ever made concerning or forewarning of the impending crash of 2008? I just need to remind myself of how all knowing these clowns really are.....how long do they think they can just keep this game going??

Harvard professor Niall Ferguson warns that mega-deficits are even worse for the economy than for the president's approval ratings. "The nightmare scenario is that mounting fears over U.S. creditworthiness push up long-term interest rates, thereby choking off the nascent recovery."

Hmmmm.....this guy should design rockets too!

The Treasury sells a record $37B in 3-year notes at 1.78%. Bid-to-cover ratio was 2.89, compared with a recent average of 2.63; indirect bidders buy 62.5% compared with 54% in July and a recent average of 39.9%. Yields stayed down: The 30-year yield -0.06 at 4.47%; 10-year -0.07 at 3.7%; 5-year -0.07 to 2.68%; 2-year -0.04 to 1.2%.

Monetization on turbo charge.....looks like the Carribean Offshore Indirect bidders (FED) had a field day.....

Matt Taibbi's 9,966-word evisceration of Goldman Sachs (GS), The Great American Bubble Machine, wins an award for outstanding journalism: "Taibbi is the first journalist to use the right combination of history, intelligence, investigation and moral outrage to chart the remarkable depth and breadth of Goldman's role in creating America's financial meltdown."

It definitely is possilbe (crude manipulation) and has been for decades:
www.theoilcard.com/

This forecast brought to you by the letter U: A survey of 51 economists shows most believe the recession will end this quarter, but via a subdued recovery. About two-thirds figure we're in for a U-shaped recovery; one-sixth expect a sharp, V-shaped recovery and another one-sixth are looking for a W, with a second dip in 2010.

Oh, the recession will end. That transition point will be called a depression. (remember when it took MSM a year to utter the "R" word.) When is the world going to wake up and people demand the lies to stop. This is ridiculous. Nothing has been fixed. Just a bunch of fiat currency being thrown all over the place, allocated to all the wrong people.

Stock futures jump up after better-than-expected nonfarm payrolls data. Dow +0.7%. S&P +0.9%. Nasdaq +0.7%.

The real unemployment level in my home state of Michigan is over 30%. One trip there and you would realize how false and useless these numbers are (unless you the machine bidding up this market right now).

Stock futures jump up after better-than-expected nonfarm payrolls data. Dow +0.7%. S&P +0.9%. Nasdaq +0.7%.

Yet another numbers game to gun the market higher. I will wait for my Flash Update from Williams at Shadow Stats. Yawn.

Bearish sentiment rises to almost 55%, its highest since March 5. Bulls, meanwhile, drop to 27.9% from 37.8%. Caveats: the data can at times be almost as fickle as the investors it tracks, and some see extremes as a contrarian signal.

Still dumbfounded why its not 100%! Get it over already so we can pick up the pieces and start all over again. The current road we are on will just lead to people seeking retribution is the most ugliest of ways as history has forewarned...time and time and time again.

Initial Jobless Claims: 565,000, down 52,000 from a week ago (revised), better than 603K consensus and the lowest since January. Continuing claims rose 159,000 to a record 6.88M.

I always look to John Williams at Shadowstats for his number not from the state run business channel running the headline: 'New Jobless Claims Plunge....'