gordon

Is Gartman Right About Shorting the Dow and Gold?

Gartman is another Fast Money CON-ARTIST. I look forward to the day he is in jail for pumping his book on public airwaves.

The Government Has Played Its Hand Nicely

Here's the Birth/Death, notice they added almost TWICE the 114,000
phantom jobs they added in April 2008, and it includes 38K construction jobs! Look at the big jump'npump from March, wow, must be BLS started a green shoots garden!
www.bls.gov/web/cesbd.htm

Do you know how they arrive at these fraudulent numbers? According
to Phil Grande (philsgang.com) radio, they comb the 7 or 8 Federal Reserve Bank districts, whatever number it is, and look at NEW CORPORATE FILINGS. Many, of course, are bogus tax dodges, S-Corps, mom & pops, but they decide how many employees each of these POTENTIALLY will hire. Bingo!

The Government Has Played Its Hand Nicely

Michael Pento said on Crudlow/CN-BS 2 nights ago the S&P earnings are coming in @ $24.00, that equates to a p-/e of 36! THIRTY SIX. (2.2% yield) right or wrong? The Nasdaq is about 59! All past recessions had p/e 6-10 (and 6%+ yield)

The Government Has Played Its Hand Nicely

Obama is a facilitator, a sham. He bought into Goldman Sachs incest in his political circle. Give trillions to the Banksters who got him elected and it will TRICKLE DOWN? Reward the fraud, punish the savers? Americans need higher wages and saving. How many fools can be persuaded to inflate their debt and spend to their grave again?
If he wasn't bought- off he would make all banks taking any taxpayer money pay a MINIMUM say, 3% on a 6-month or 1-yr FDIC CD.

U.S. Consumer's Opinion of the March Rally? Macro Message Doesn't Reflect Markets

Here's the smoking gun, or close to it, like I said all along, the PLUNGE TEAM is GOLDMAN SACHS propping the market with a "NEW LIQUIDITY ACCOUNT" scroll to todays story on Goldman's stealth program trading, and read the comments!
zerohedge.blogspot.com...

Nothing About This Economy Is Surprising

Government intervention, the Plunge Team of Geithner, coached still by Paulson, is buying stocks, simply put. The Chinese gov't announced the same thing a yr ago, we just followed, secretly. All those TARP funds went to the investment banks trading desks and hedgefunds of the same companies. They were told to buy US stocks, plain & simple, especially the financials on any dips, during the stress tests. Banks were given Treasuries for almost any CDOs at .25% and PAID INTEREST 2.5-3% BY THE TREASURY, right? So, there's no reason to lend or pay a SAVER any interest on CDs, why risk it? Then they buy our own Treasuries to keep rates down further. The Patriot Act makes all this legal. It's considered national security. No bank, auto co, defense contractor, telcom,has to even open their books to disclose this. Certainly not the White House Working Group! The most clandestine operation in US history is in progress, imo.

Why Jim Rogers and Robert Shiller Aren't Buying U.S. Stocks Yet

Beware the scam of companies using "OPERATING EARNINGS" instead of as-reported earnings. John Maudlin says the difference is now 100%, up from a 5% difference in 1995. Another accounting scam, read the actual p/e info here.
www.frontlinethoughts....

Where Are Markets Now? Technical, Fundamental and Valuation Reference Points

Read john Maudlin on the "OPERATING EARNINGS " SCAM!
www.frontlinethoughts....

Where Are Markets Now? Technical, Fundamental and Valuation Reference Points

Here's analysis of P/E based on OPERATING EARNINGS @ 14, but at 30 (THIRTY) based on REPORTED earnings. Typical bait & switch, like the new term "tangible common equity" for banks. The con-jobs never cease.
ftalphaville.ft.com/bl.../

Where Are Markets Now? Technical, Fundamental and Valuation Reference Points

Past recessions had P/Es 7-10. I don't believe your 14, if you look at earnings "sand-bagging" to beat a much lowered number, they are about 25% below yoy. That's a p/e of closer to 20, twice what is "value". This is momentum trading, aided by TARP funds funneled to the primary dealers, burning the shorts. I say it's a government conspiracy to force money into stocks by keeping fixed income yields near zero. It should be criminal, but using the Patriot Act, the original intent to protect defense/telecom contractors for "US security", but Obama et al can and is using it to hide the health of the banks' bad loans/derivatives. They do NOT have to open their books, if it's deemed a "national security issue". Nobody is talking about how the Patriot Act makes all of it legal.

S&P P/E Ratio Is Low, But Has Been Lower

As Clark posted, earnings of $30... X 10= a S&P 300! Recession p/e is 5-8, sorry bulls. Consumers took about $600-700 Billion out of their home equities for EVERY YEAR 2003-2008 and SPENT IT. Where are companies going to replace these profits? Exports? Bull. The gov't can't replace this either. Tell Obama.

The Fiscal Package: Hope Meets Two Big Challenges

$9+ TRILLION in bailouts so far (bloomberg), enough to PAYOFF 90% OF ALL US MORTGAGES! When are people like this author going on camera to say ENOUGH! STOP THE BAILOUTS OF THE IRRESPONSIBLE! The gov't can't "buy" jobs, or repudiate the business cycle's downturn by reinflation to consume. Stop this madness, NOW!
U.S. Taxpayers Risk $9.7 Trillion on Bailout Programs (Update1)
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By Mark Pittman and Bob Ivry

Feb. 9 (Bloomberg) -- The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages.

The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation have lent or spent almost $3 trillion over the past two years and pledged up to $5.7 trillion more. The Senate is to vote this week on an economic-stimulus measure of at least $780 billion. It would need to be reconciled with an $819 billion plan the House approved last month.

Only the stimulus bill to be approved this week, the $700 billion Troubled Asset Relief Program passed four months ago and $168 billion in tax cuts and rebates enacted in 2008 have been voted on by lawmakers. The remaining $8 trillion is in lending programs and guarantees, almost all under the Fed and FDIC. Recipients’ names have not been disclosed.

“We’ve seen money go out the back door of this government unlike any time in the history of our country,” Senator Byron Dorgan, a North Dakota Democrat, said on the Senate floor Feb. 3. “Nobody knows what went out of the Federal Reserve Board, to whom and for what purpose. How much from the FDIC? How much from TARP? When? Why?”

Financial Rescue

The pledges, amounting to almost two-thirds of the value of everything produced in the U.S. last year, are intended to rescue the financial system after the credit markets seized up about 18 months ago. The promises are composed of about $1 trillion in stimulus packages, around $3 trillion in lending and spending and $5.7 trillion in agreements to provide aid. The total already

Are We in a New Bull Market Now?

previous recessions had p/e 7-8. The government, aka Plunge Protection, is coming in each time we head to/below S&P 800, don't think they aren't. If this is the only manipulation on the upside, since money flows show OUTFLOWS from equities, don't bet the farm on it holding. Below 800, support is 741, below that the target is 660. They (the primary investment bank broker-dealers) windowdressed the end of month starting late Tuesday, painting the tape all Wed, spiking it as the sheeple retail suckers piled into the stocks like IBM, MMM, all the liquid ones they were marking up, only to see them SOLD TO YOU yesterday.
All a casino con-game. They will try to hold $SPX 800 until some new 1st of the month money comes into 401Ks next week, as the sucker-wageearners are still blindly contributing thinking they are averaging down.
S&P below 10years ago. In Japan, the market is where it was 20 years ago.

Why the Stimulus Plan Won't Work

Obama needs to shut up, like you say. He promised withdrawl from Iraq, to pay for domestic programs! WHY NO OUTRAGE? He promises to send 30,000 more to Afganistan, to FIGHT THE TALIBAN! Why no outrage? It was Al Quaeda!, the Russians, Brits before them tried taking on the Taliban. No outrage? Now, the pro-Israel Milton Friedmans of the word say DEFENSE spending is the fastest bang for the buck! His pro-Israel advisors do NOT want change, but an escalation of US Imperialism, they're telling him as the worlds largest arms dealer, it's the only manufacturing base we have left! And all those GIs coming home? Talk about unemployment! So, nothing's really changed, just digging a deeper hole to bury democracy and peace.

Markets Historically Overbought: Dangerous to Enter New Longs Right Now

You're on the money, Jeff! Just look at the Russell ($RUT or IWM)! when it goes parabolic it always collapses, watch the signal on RSI/STO. IMO, Paulson made sure the TARP monies went to the primary dealers TRADING DESKS, these funds are being used (especially year end) to trade. Nobody has asked if regulators restricted this bailout cash from trading desks.
There may be retail investors jumping on the train (always late) Monday, but I scalped profits also on Friday. ISM# ignored, that's "old news"?