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Northern Dancer

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  • Free Money Thursday: 130 New S&P Highs Can't Be Wrong - Or Can They? [View article]
    I'd find it fairly difficult to take that ad seriously since Bozo the Cramer has been acting like a buffoon since 1979.
    Mar 19 01:23 AM | 2 Likes Like |Link to Comment
  • Wednesday Preview: Worldwide Rally Worries Bears [View article]
    Why don't you try standing up and re-reading that post, because clearly it went right over your head.
    Mar 18 04:56 PM | 2 Likes Like |Link to Comment
  • Wednesday Preview: Worldwide Rally Worries Bears [View article]
    Christophe, I understand completely. I hated to write it, I really did. Because in writing it, I've admitted that I've been wrong and stupid for a long time. And just to let you know how much that hurts my feelings, Mensa has told me that I'm not stupid, if you know what I mean. I've had to capitulate, which in theory is what they want all of us to do. But if my diatribe is correct, we wouldn't be getting in anywhere near the top if we got in at the next correction. Surely there will be one very soon... probably after Friday's options expiration monthly theft fest.

    But it's come to the point where I realize (finally) that the stock markets are no longer stock markets. They're just a vehicle that the world's wealthiest families (the banking cabal who also own the Fed) use as one of their tools to shape the future in their favor and steal as much of the global wealth as possible. I've read that the Rothschild family owns as much as half of the wealth of the planet already. Of course I have no way of knowing if that's true or not, or if the writer meant the Rothschilds "in combination with" their greedy friends in that very tight knit community of global banking families. But no matter how much they own, one thing is clear... they want it all. And that's all the stock markets have become... one of their tools of extraction. I'm sorry if that post upset you. But if it makes you feel any better, it also upset me. To be perfectly honest, I'm stunned at the thumbs ups it got. And just between you and me, I know it wasn't you who gave that thumbs down because that down thumb was the first thumb of all. lol

    Mar 18 02:30 AM | 8 Likes Like |Link to Comment
  • I doubt many readers will come to this topic, so I'm gonna rant all by myself here.

    Up until very recently, I thought that some of the more important events on the economic calendar, if reported as negative or weak, would have a negative effect on the equities markets. Evidently not.

    So it just dawned on me (months too late) that this rally really is being fed by liquidity and nothing else. But that liquidity only exists at criminal headquarters and is completely at the service of the greatest thieves in the history of the world, GS et al. Has to be, because they certainly aren't sharing it by loaning it into an economy which needs it like never before. They're hoarding the Fed produced seed money and are simply going to run the S&P to 33,000 and beyond. I naively thought surely there would be at least one correction in one year. But shockingly, there hasn't been. And it's now clear, there isn't going to be.

    The Fed is never going to allow a correction ever again. And let's face it, this market is being bought by absolutely nobody but the criminal banks. Hedge funds were already 97% invested months ago. Joe public is flat broke. With no corrections possible now, all they're going to do is to run the market to near infinity and then search for a buyer. There won't be any buyers but they've been so all consumed with greed that they won't have figured that out yet. So they'll just run 'er up some more and try again. But again, they're won't be any buyers. But the stupid bastards will "never" figure that out until it's too late. The only down leg we're going to see over the next two years (or whenever) will be one single crash. A one time 98% drop, probably beginning with 30% on the first day. Oh sure, the dollar is clearly going to lose another 96% of it's value over the coming couple of years to facilitate goosing the markets to Jupiter and beyond, but that's just part and parcel of the meteoric rise that's now before us. It's the flipside of the same coin. You can't have one without the other. This is a bull market, not a cyclical rally within a secular bear. I can't believe I'm saying this, but this is a new secular bull... although in reality it's not a stock market at all anymore. It doesn't even resemble anything close to a stock market. It's morphed into an evil that will be the ruin of us all... as long as bankers are allowed to participate in markets, instead of being bankers.

    So this week it all became clear to me. The Fed is buying this market with your money and they're never going to stop. Prechter is wrong. The 95% of all EWT technicians who are bearish are wrong. And I'm one who's always been willing to believe in the merits of EWT. But after years and years of study and observation, I suddenly realized... there are none. It's absolutely useless as pertains to trading on a day to day or week to week basis. It's wonderful at showing goofy patterns that are only visible in the past though. But as far as providing any predictability or providing valuable guidance for making an entry or exit point is concerned, EWT is probably the single most misguiding and destructive tool an investor could ever refer to. Especially since it doesn't recognize patterns that when dictated by the Fed have only one direction, up. A straight line does not produce a pattern but even if it did, Elliott Wave theory would get it wrong.

    But anyway, the dollar will go to zero and the stock markets will go toward infinity. At least, until the day the bankers finally wake up and realize "hey, not only have we stolen all the wealth of the planet, we've duped our stupid selves in the process".

    I'm not being facetious here. I mean it. It's gotten that ludicrous. Enough money has been produced to run the Dow to 1,000,000 and the bastards are clearly going to do it and all the while, think they're pretty smart. It will repair their balance sheets beautifully. It will make the offshore global banking families pretty much the owners of the earth. It will destroy the dollar but they don't care about that. It will utterly destroy the American and indeed the entire global economies, but that's just an afterthought, a moot point, of absolutely no consequence to thieves.

    But they're going to do it! I find it surreal, totally and criminally destructive to the entire family of humanity, but it's become all too clear, bankers are insane. Bankers are social psychotic misfits. They're actually going to do it. And for the first time in my life I'm gonna be smart instead of ethical in an effort to survive. I'm now forced to throw out the "ethical" part of my character, throw out everything I've learned about economics over the past 45 years of study, plug my nose and go long. And for the first time in a long, long time, I'm going to earn some wealth in the equities markets by playing along in their dirty game. I have no choice. It's either that or perish. The key would be able to get out before the bottom falls out and I have no idea if I'll be able to pull that one off either. If these bastards aren't put behind bars en masse very soon, we're all going to perish anyway.

    Do me a favor. Read the book "The Creature From Jekyll Island", because that creature is what is causing the very destruction of the entire global financial system (and therefore humanity itself) right before our eyes. Read the book just so you can pass the knowledge on to your children and grandchildren what and who caused the destruction of the planet. Because folks, that's exactly what the offshore owners of the Fed are doing each and every day... even as you are reading this. Get angry!

    Mar 18 02:12 AM | 4 Likes Like |Link to Comment
  • Wednesday Preview: Worldwide Rally Worries Bears [View article]
    Plain and simple, they (as an institution) need to be destroyed. It's either them or us.
    Mar 17 02:20 PM | 12 Likes Like |Link to Comment
  • Wednesday Preview: Worldwide Rally Worries Bears [View article]
    It's become pretty clear what's going on here and what's going to happen. I've been bearish long enough and I've finally come to realize that fundamentals and technicals no longer matter. The banksters have enough funds to run the Dow beyond 98,000 and it appears they're going to do so, economics be damned. It's clear.

    So once again we've entered the realm of irrational exuberance and what we're going to witness (apparently this is just the beginning) is a stock market that goes to multiples never seen before (even higher than in the tech bubble daze) while the economy crashes around us. The reason the economy is going to crash around us while we witness one of the most disconnected stock market manias of all time is the same reason we're going to witness that very mania. The banks are using all the Fed seed money to run the markets (and in the process artificially repair their pitiful balance sheets) come hell or high water, and they're not sharing those funds by lending it into the economy. Therefore, economic expansion is impossible. Make sense? You bet it does. Not only does that makes sense that the Fed and GS make no sense... it's their style.

    Get ready folks, it's become clear the disconnect is way beyond complete, the bankers know we can see it, and they don't give a damn. Enjoy the ride. I plan on going long at the next pullback (if there is ever going to be one) and just hold my nose and go along for the dirty corrupt ride. Just like the rest of you, I have no choice. This is no longer a stock market as shown by the fact that every single major index and every single sector index are all marching in tandem to the very second, both up and down, 100% of the time.

    p.s.: Please don't bother reporting this post as an abusive comment. I already accidentally did that myself. lol
    Mar 17 01:38 PM | 25 Likes Like |Link to Comment
  • The VIX Is Down, But the Market's Fears Are Still Huge [View article]
    That is so true. I'm certain that's why on up days there's no volume to speak of. The little guy isn't taking the bait so it's mainly the banks trading garbage between each other in order to give the impression of at least a little bit of volume. And when anybody (banks or hedge funds mainly) attempts to unload shares with any larger volume at all, it ends up being a big red candle day... because there are no real buyers (other than the banks). According to sources right here on SA, hedge funds are 97% invested. The bulls are already "all-in" and the retail buyer, the so-called 'dumb money', is not participating in this gong show. The bankers are left standing there with all kinds of messy egg on their faces. And it looks real good on 'em in my opinion.
    Mar 17 01:12 PM | 3 Likes Like |Link to Comment
  • The VIX Is Down, But the Market's Fears Are Still Huge [View article]
    That is a really, really great post. Thanks Happydaze.
    Mar 17 12:15 AM | 3 Likes Like |Link to Comment
  • Residential Construction Still Appears to Have Bottomed [View article]
    Yup, the real estate business must be booming. I'd have to assume that the most solid sector in all of stockdom has to be the real estate sector. I mean, all the commercial space in America must be full to capacity and achieving top notch revenues, making shopping centers and 80 storey office buildings worth more than ever before. I'd have to assume that none of the commercial real estate loans and mortgages are in any sort of trouble, and that there is absolutely no chance of them going under water in the next 5 years.

    Base on the action in the real estate sector, I'd have to assume that there is absolutely no chance of higher interest rates at any time before 2015. Because if interest rates on treasuries tick upward even .5% and head much higher from there, and then you apply that cap rate to commercial real estate, or to the excess burden that would apply to homeowners, that sector would come crashing down faster than building 7. But apparently there is no chance of that ever happening and all is well in the real estate industry. Must be! I can't think of any other reason why the world's most accomplished thieves at GS would run the real estate indices up 22% this month. Maybe for the same reason they ran the price of Citi shares up 30% in 3 days. I'll tell you one ride I'll never be taking... I'll never be on the Citi bus when it sails over that cliff it's headed for.
    Mar 16 01:19 PM | 6 Likes Like |Link to Comment
  • Dollar Bulls Beware [View article]
    "It is circulation if currency (velocity) that matters much more in undermining the dollar than the quantity of dollars that are available on banks' balance sheets."

    Brian McMorris hit the most important nail squarely on the head with that statement. That's the single key to the entire mystery surrounding the value of the dollar. It shouldn't be such a mystery. But it seems the entire concept of where dollars come from and what causes dollar creation and what affects the "velocity of money" is vastly misunderstood by the majority of investors.

    I don't think anybody's a more staunch fan of Peter Schiff (and of his great father Irwin Schiff) than myself. But on this matter I simply have no choice but to disagree with Peter, not on the long term path the dollar will take, but on the short term picture for the dollar.

    First of all we have to realize and respect where money comes from. It doesn't really come from the Fed's printing press. That's really only the "seed money" that since 1913 has normally been loaned into the American economy. Via the machinery of the fractional reserve banking system, any monies created by the Fed have traditionally multiplied exponentially through the creation of loans. Theoretically whatever the Fed creates can multiply almost 100 fold. The first bank takes in $1B and can loan out $9B against it. That $9B ends up getting deposited somewhere and that bank can then loan a further $8.1B based on those deposits and on and on it goes.

    But at this point in time, in spite of the Fed recently printing $27 billiontrilliongazi... not a penny of that money is being expanded one iota as it usually does. The banks are hoarding it and using it for themselves. The common accepted notion is that they're holding it to prop up their balance sheets. Nonsense! They're using it to prop up the stock markets of the entire globe, using it in various ultra-dangerous carry trades and basically having the party of their lives with it. Farmer Fed is producing the seeds and his unruly children are eating them instead of sowing them. Stupid selfish bastards.

    So for the time being, inflation in the normal sense of the word is not occurring. There is no velocity of money. There is no expansion of any kind going on in the economy. In fact, inflation is really the least of the Fed's worries "for now". They're much more horrified of the deflation monster because that's one demon that when unleashed is more difficult to deal with than inflation. The Fed really detests anything they can't control, and they can't control deflation once it gets going. Any major sovereign default or another credit crisis along the size of Lehman's will shake the Fed's foundations and the bones of it's dirty owners right down to the very core. The immediate result of default scares, which are really fears of massive credit contractions (as shown by the Dubai "scare") is a rush to the dollar. And the Dubai thing was only a "scare" so far. Did you realize it still hasn't truly been dealt with yet? Let's face it, where else in the world is there the threat of a possible default? The question really should be. "Where isn't there?" Canada and that's about it. (I exaggerate but you get my drift)

    Just as money is created out of thin air by the creation of loans, the repayment of loans or worse yet, the destruction of loans in the form of default is a simple reversing of the dollar creation process. In a credit contraction, loans are repaid (or worse yet defaulted upon) and the result is that trillions and trillions of dollars that had previously been created out of thin air over the past decades will disappear back into the imaginary void from whence they came. They disappear off the face of the earth forever. When loans are repaid, that money doesn't go back into the bank's cash register or vault... it disappears off the face of the earth.

    I don't think Peter is discounting this to be a fact. He understands this. I've even seen Peter in a lively debate with (I'm so sorry that I can't remember) but in that discussion both Peter and his "adversary" were kind of in agreement (in a give and take kind of way) that a temporary deflation isn't out of the question. I contend that the "temporariness" of it is going to be for much, much longer than Peter thinks or than most other people think. Don't get me wrong, I love Peter Schiff (as do many, many other non-Americans all over the globe). But I just have to stand my ground and make this argument because in my view it makes sense. Apparently it makes sense to Brian McMorris above, and a whole lot of other smart people. Think it over... it makes sense that the dollar should rally as long as the enormous cloud of default possibilities all over the world is hanging over us.

    As John Mauldin said: "The US dollar is the worst currency in the world, except for all the others". No more 'seriously significant' words have been spoken yet this year in my opinion.
    Mar 14 10:05 PM | 4 Likes Like |Link to Comment
  • 10 Reasons for the S&P to Revisit the July 2009 Lows Imminently [View article]
    I believe it's gotten to the point that the den of demons has trapped themselves in an embarrassing situation in that it's they who are standing there holding the bags of each others sh$t, and nobody to sell it to. So my guess is that they'll load up on puts, then provide the "excuse" and let 'er rip, forcing what money's left into supporting the treasury markets. On the other hand, it also makes sense to me that they'd want to control the downside to a certain extent. You know, like controlled demolition. They're big into controlled demolition you know.
    Mar 13 12:18 PM | 5 Likes Like |Link to Comment
  • Russell 2000 Up 9 Days in a Row - Does This Bode Well? [View article]
    Exactly right Tomcat. So buy TZA. That's what I did because in spite of the statistics that Mr. Waller kindly provided, I have absolutely no faith in this phony rally. On Wed. for example, 1.2 billion shares were traded in Citi alone, accounting for 20-25% of all shares traded on the NYSE and completing a pump jockey boost to that zombie corporation of 30% in 3 days. There are no buyers out there. Any time the banks try to unload stock out of their portfolio in higher volume, invariably it ends up being a nasty red candle day. Why? Because there are no buyers left. Mutual funds are 97% invested, bullish sentiment, bearish sentiment be damned. It doesn't matter what the sentiment is any more, the bulls are all-in.

    Most of this rally, especially the latest one with 20 out of 22 days of green candles is ridiculous. Easy for GS to goose the market when the banks are simply trading shares back and forth between each other on exceedingly light volume days in order to artificially inflate their balance sheets. It's as phony as a 3 dollar bill. Sure the banks could run the market up another 10% trading back and forth to each other. But they're just shooting themselves in the face each day they do that because there are no buyers to sell to when the day arrives when they want (or are forced) to sell shares in high volume. The idiots have painted themselves into a corner and have once again struck America another serious blow in the process. They should all be behind bars.

    So, TZA is the ticket in my opinion, not TNA.
    Mar 13 01:51 AM | 6 Likes Like |Link to Comment
  • 10 Reasons for the S&P to Revisit the July 2009 Lows Imminently [View article]
    thiazole it appears to me that the buyers were exhausted long ago. Back in early Oct. the volume metrics on every single index changed in such a glaring fashion that it amazed me... once I spotted it. lol

    It was then that we began to see up days occurring on declining volume and down days on increasing volume, without fail and on every single index and sector. It even became apparent in the dollar as proxied by UUP.

    Then it became apparent that on the low volume days, City and GS, JPM, BAC and the rest of that drunken hoard of thieves were trading the majority of shares between each other. IOW, there are basically "no" buyers left out there. A prime example? Yesterday, 1.2 billion shares were traded in Citi shares alone. That's pure nonsense, driving a zombie like that up 30% in 3 days and in the process accounting for a full 20-25% of all shares traded on the entire NYSE.

    Further evidence of that is that when they try to unload any larger volume at all, the market falls hard... again, because there really are no buyers. The buyers were exhausted long ago and in my opinion don't even exist any more for all intents and purposes. So I think the logical conclusion is that the manipulators have painted themselves into a corner and have virtually guaranteed that when a correction comes, it's going to land with a loud and resounding thump somewhere so far down from here that.... it's gonna be ugly and the saddest part is that it didn't have to have been set up to do so. But the bankers just can't leave a market alone. They have to screw it up completely. Otherwise they aren't doing their new job, which at one time decades ago used to be banking.... lending money into corporate America so that it could grow the economy, provide jobs and security. Nowadays, banks exist for no other reason than to hoard that seed money provided by the Fed and use it to suck the markets and our children's and grand children's futures dry. Mutual funds are 97% invested. Basically the bulls are all-in. There are no buyers left.
    Mar 12 05:27 PM | 31 Likes Like |Link to Comment
  • Should We Be Afraid of Europe's Proposed Ban on Credit-Default Swaps? [View article]
    That's a great point. One that ZeroHedge addressed. You could be right... it just might blow up in their faces with resulting higher interest rates. But you know what? That's still better than letting GS get involved and create a worse disaster a little further down the road. In fact, JPM has been banned completely from participating in these swaps for Europe. LMAO Way to go JPM you dirty corrupt bastards you.
    Mar 11 10:06 PM | 3 Likes Like |Link to Comment
    Man! I'm not impressed one iota with Citi being up 30% in 3 days. What impresses me is that so many investors can't see that without the banks buying and selling shares between each other all day long, that volume on this "rally" would be less than zero. That's not what a healthy bull market is made of. That's what panic at GS is made of. I mean, it's as clear as the noses on Bernanke's face that this is classic distribution at a top, except for one thing... there are no real buyers. That's why we're seeing sideways action as they seek to unload. But the idiots have nobody to unload to, so they buy the crap from each other in order to buy more time and sweat out how they're going to exit. To tell the truth, it looks good on them.

    I went so short at the end of today that after dinner tonight I went for a walk under my chair.
    Mar 11 10:01 PM | Likes Like |Link to Comment