Friday, October 31, 2008
Oct 2008 Bailout Short Fortune Manipulation
http://community.marketwatch.com/groups/bible/topics/-historic-10308--bailout
http://trend-signals.blogspot.com/2008/10/cot-crush-of-largesmall-speculators.html
So how bad was October? One for the history books
1. October has traditionally been a bad month for stocks. Still, the Dow industrials' 15% drop over the last four weeks is the biggest October decline since 1987, when the Black Monday crash sent the blue-chip benchmark down 23% for the month. This month it fell 20 out of 22 trading sessions. During an eight-day losing streak at the beginning of the month, it racked up a total drop of fully 2,396 points.
US Depression
That is a good thing; otherwise, we will have prolonged complaint against our leaders, in this case, McCain/Palin.
Massive Americans need to wake up from having false hope.
http://community.marketwatch.com/groups/bible/topics/httpwwwbrilligcomdebtclock
The estimated population of the United States is 305,009,042
so each citizen's share of this debt is $34,531.79.
The National Debt has continued to increase an average of
$3.82 billion per day since September 28, 2007!
How to solve US Debt is the big question.
This comment was issued before the Fed massive liquidity injection which is just more of the same bubble without genuine productivity growth to justify the bubble.
http://dealbreaker.com/images/thumbs/Hayman%20Letter%20to%20Investors%20Oct%2014%20final%20version.pdf
American Economy Hot air ballooms
After they are ripped off of their saving and home equities, millions are facing home foreclosure.
Now, markets are working on 401k with continuing the effects of decades of bubble burst.
We need to go through what NIKK Economy went through to wake up from long overspending on debt creating debt bubbles.
Comments on various views
http://www.cnbc.com/id/27462411
Comment on Knight's chart analysis dated 10/30/08 ~ on his ES chart showing triangle formation which he is noting the final directional target breaking below the parallel down trendline.
http://www.slopeofhope.com/ He, as a bear, is finally paid off with the recent volatility.
The target breaking to downside is certainly valid speculation with a bear view which is consistent to the wave count formation as the "5" wave is yet to form in bear downtrend. The ES has traded to lower than Oct 2002 low which is a warning signal. Not only technically, we have very bearish fundamentals after decades of bubbles and overspending.
We had EO reporting period/EOM manipulation with oversold condition.
Carl's biggest blunder after his contrarian trading method worked for a while missing his Three Peaks and a Domed House sell off. I made a comment to him right before the severe sell off to say that economic fundamentals do not justify his contrarian view. Only GOD knows whether he was intentionally bullish to the last minutes even though he knew that we were having Domed house sell off.
http://carlfutia.blogspot.com/
Even though I don't closely follow the site which I noted, I do check the sites periodically.
We now have many international web blogs and sites which are providing diverse views and comments on the markets.
We certainly have information overload with the recent google blog technology and fast growing financial globalism which we had. Through the financial globalism, certainly the gap between rich and poor has widen while some emerging countries have financial grown; however, the statistics would be the same as US.
Evidently, we have money wolves growing sheepsters to slaughter like taking candies away from babies.
May GOD have Mercy and Grace
Thursday, October 30, 2008
DOW volatility - Joke of the Day 400 pt swing in 15min
Today's Joke of the Day is an intraday chart of the Dow Jones Industrial Average. After trading up nearly 300 points, the Dow had a 400-point reversal from 3:47 to 4:00 PM. Some are attributing the late-day decline to an announcement from GE CEO Jeff Immelt that he aims for flat 2009 earnings, but could that really cause such a move? Especially since GE's contribution to the reversal amounted to a mere 6 points of the Dow's decline. Prior to this month, one could only think of a few events that would send the market down this much this fast. However, after what we've all experienced over the last few weeks, today's action is just par for the course. - Beaspoke
Volatility
Wednesday, October 29, 2008
Long Term "K" Winter Cycle
It is sad that Americans still do not realize what is going on. Americans are stripped away the wealth since 1970s to this date with a mountain of national debt.
http://www.brillig.com/debt_clock/
Instead of putting their trust in GOD, Almighty, they are trusting abomination nobama.
May GOD have Mercy and Grace
SPX long term excess of tech, housing, and derivative bubbles since 1980s.
American Tragedy
It is a tragedy.
May GOD have HIS MERCY and GRACE on US.
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abomination nobama on civilian military force
http://www.viddler.com/explore/CitizenSlim/videos/1/
The Fed day 08Oct29
http://www.federalreserve.gov/newsevents/press/monetary/20081029a.htm
http://trend-signals.blogspot.com/2008/10/spx-long-term-excess-of-tech-housing.html
We had decades of big bubbles which we are now working off the excess. Due to the globalism, American standard of living was dwindling for decades ever since the American saving was in downtrend, 1970s. Even though we are seeing financial market melt down in 2008, US wealth was in down trend for decades when we consider personal savings level, net asset value and US national debt.
We are not living in the same economic condition as in 1970s when American saving was positive and when US trade deficit was low. Therefore, a comparison between 1970s and 2008 is illogical as surrounding circumstance is quite different.
Our economic condition is much like the Japanese in 1990, and since then, they have regenerated themselves financially and spiritually, i.e. Japanese spirit as a nation. We are not ready yet. American spirit is NOT regenerated, NOT EVEN CLOSE, far from it.
http://tinyurl.com/6pwkll
Market Volatility & Poll
General Election: McCain vs. Obama
Poll Date Sample MoE Obama (D) McCain (R) Spread
RCP Average 10/22 - 10/28 -- -- 50.0 44.1 Obama +5.9
Rasmussen Reports 10/26 - 10/28 3000 LV 2.0 50 47 Obama +3
Diageo/Hotline 10/26 - 10/28 870 LV 3.6 49 42 Obama +7
Reuters/C-SPAN/Zogby 10/26 - 10/28 1179 LV 2.9 49 44 Obama +5
Gallup (Traditional)* 10/25 - 10/27 2448 LV 2.0 49 47 Obama +2
Gallup (Expanded)* 10/25 - 10/27 2343 LV 2.0 51 44 Obama +7
GWU/Battleground 10/22 - 10/28 1000 LV 3.1 49 46 Obama +3
ABC News/Wash Post 10/24 - 10/27 1301 LV 2.5 52 45 Obama +7
Ipsos/McClatchy 10/23 - 10/27 831 LV 3.4 50 45 Obama +5
IBD/TIPP 10/23 - 10/27 886 LV 3.0 48 44 Obama +4
Pew Research 10/23 - 10/26 1198 LV 3.5 53 38 Obama +15
Tuesday, October 28, 2008
Volatility Explosion and Market Implosion
NO 401k LONG TERM INVESTMENT
There is no Long Term Investment as the financial markets are no longer the same as just a few years ago, especially when considered inflation and higher risk. Hence, you will be sure that you will lose money in long term if you have the traditional 401k investment mentality.
As US financial system is globalized, true 401k long term investors are suffering as many world traders are slicing away the USA golden eggs. Many still do not know the facts as most of 401k sheepsters are thinking the same old investment long term growth.
Investors from other countries are really looking for short or long term gain which is totally different objective. Most of the big foreign investors can change their mind in a few days without notice; so, only US long term investors are hurting.
The US financial system is no longer working as it used to be, and many are deceived; just same as many still think that The Fed is a government agency.
Only during the last couple of years, some are coming to know the facts about "NWO" and "The Fed". Majorities are deceived by the greed power.
Many do not have "Comfortable Retirement", while a few are having "Grand luxury" after the grand scheme during the last 8 years, even though the grand long term scheme was a part of decades old blue print by the big money.
It is good that WE have Heavenly Father GOD in whom we trust in which we consider this as tribulation brought upon us by the evil power. The evil power is so powerful and only GOD Himself is greater than the power.
"Corporatism" ruined America as we were flooded by immorality and materialism. Much of immorality migrated from European culture, so EURO is the modern Babylon and Tower of Babel even though many think that US is.
The 1969 satanic bible by A. Lavey certainly had a role, and Greenspan alliance certainly misled USA to rob the country. We would wonder how much he and his alliance have in alleged swiss account. We don't know; but, GOD knows all. Ultimately GOD will judge all our deeds. US Sheepsters need to pray, so that GOD will deliver US from evil hands.
US Wealth destruction is not really destruction, but it is US Wealth Robbery by big funds using long term plans. ONLY GOD KNOWS ALL THE FACTS, however, as the facts are hidden. Even though the facts are hidden, GOD KNOWS ALL THE FACTS. Ultimately, what REALLY matters is what GOD thinks as we will live in eternity based on WHAT GOD THINKS.
So, it could be blessing to be poor as stated in Beatitudes, as GOD said, it is hard for rich to enter into heaven. Many seek GOD when they are in difficult situations. GOD chastises His loving Children. We, those who believe in HIM, are His Children.
Even though many became poor, may we be rich in HIS SOUL and SPIRIT. May we be rich in the Spirit of GOD asking for HIS Blessing.
May we mourn for HIS Forgiveness to enter into the Kingdom of GOD as we sinned against HIM as we walked away from HIM. GOD wants to have close relationship with US, but we fell into materialism; so, GOD chastises US to call onto HIM. May we seek HIS FACE, more than anything else.
May GOD have HIS MERCY on US.
GOD is ALMIGHTY and sees all evil deeds. We need to call upon GOD so that HE will show HIS MERCY and GRACE.
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Matthew 5 The Beatitudes
1Now when he saw the crowds, he went up on a mountainside and sat down. His disciples came to him, 2and he began to teach them saying:
3"Blessed are the poor in spirit,
for theirs is the kingdom of heaven.
4Blessed are those who mourn,
for they will be comforted.
5Blessed are the meek,
for they will inherit the earth.
6Blessed are those who hunger and thirst for righteousness,
for they will be filled.
7Blessed are the merciful,
for they will be shown mercy.
8Blessed are the pure in heart,
for they will see God.
9Blessed are the peacemakers,
for they will be called sons of God.
10Blessed are those who are persecuted because of righteousness,
for theirs is the kingdom of heaven.
11"Blessed are you when people insult you, persecute you and falsely say all kinds of evil against you because of me.
12Rejoice and be glad, because great is your reward in heaven, for in the same way they persecuted the prophets who were before you.
_________________________________________________________________
POLL Today : Market behaves like psychopathic, we are living in world which is manipulated by insane power.
General Election: McCain vs. Obama
Poll Date Sample MoE Obama (D) McCain (R) Spread
RCP Average 10/21 - 10/27 -- -- 50.6 43.6 Obama +7.0
Rasmussen Reports 10/25 - 10/27 3000 LV 2.0 51 46 Obama +5
Gallup (Traditional)* 10/25 - 10/27 2448 LV 2.0 49 47 Obama +2
Gallup (Expanded)* 10/25 - 10/27 2343 LV 2.0 51 44 Obama +7
Diageo/Hotline 10/25 - 10/27 878 LV 3.6 50 42 Obama +8
Reuters/C-SPAN/Zogby 10/25 - 10/27 1202 LV 2.9 49 45 Obama +4
IBD/TIPP 10/23 - 10/27 886 LV 3.0 48 44 Obama +4
Pew Research 10/23 - 10/26 1198 LV 3.5 53 38 Obama +15
ABC News/Wash Post 10/23 - 10/26 1314 LV 2.5 52 45 Obama +7
GWU/Battleground 10/21 - 10/27 1000 LV 3.1 49 46 Obama +3
Newsweek 10/22 - 10/23 882 LV 4.0 53 41 Obama +12
Friday, October 24, 2008
Greed and Power
Certainly the Words seem to be paradoxical; but there is no doubt that those who profited from suffering others will not go unpunished.
I have seen many who do not care about watching evilness at work and do not do anything. That is also being a part of being evil as it is written if you have caused a small being to fall, then, it is better for you to put a stone around your neck and plunge into sea. The risk which not doing anything when you are a bystander, is that you could have prevented or stopped the evilness. God may have given you the opportunity to do your duty to stop or may be testing your faith in Him and your willingness to do His Will.
Mark 9:42 And if anyone causes one of these little ones who believe in me to sin, it would be better for him to be thrown into the sea with a large millstone tied around his neck.
Matthew 5:30 And if your right hand causes you to sin, cut it off and throw it away. It is better for you to lose one part of your body than for your whole body to go into hell.
Being politically correct or financially wealthy is often detrimental to being saved or for doing the Will of GOD.
A poster brought up, "MONOPOLY":
As for "MONOPOLY" in spiritual sense, Remember that GOD is the Ultimate Monopoly and He will judge ALL according to His Rules.
I was talking about "Spiritual sense" and don't think that you can separate the Words of GOD in any economic or political terms as the same fundamental truth ultimately applies to all human knowledge and its application in actions. Not only in actions, but all our thoughts will be judged according to His Rules.
But we need to know all surrounding circumstances to shed light on a particular situation or sequences of events. Furthermore, only GOD is the Ultimate Judge and knows all the truth and has complete knowledge.
May God have Mercy and Grace on US.
Thursday, October 23, 2008
Greenspan era was a start of the American wealth downfall
Literally, Greenspan would have transferred trillions of American wealth to the big fund dynasty.
The repeal of Glass-Steagall Act in connection with the long term plan of how to steal American Wealth - a good movie theme to see it more realistically than theoretically.
May God have Mercy!
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Greenspan Trillions after ~ The Satanic Bible was written by Anton LaVey in 1969. It is a collection of essays, observations and basic Satanic rituals, and outlines LaVey's Satanic ideology. The author claims the influence of Ragnar Redbeard and Ayn Rand among others.
The book contains the core principles of Satanism and is considered the foundation of the philosophy and dogma that constitute Satanism. LaVeyan Satanists maintain that The Satanic Bible may not be subject to interpretation or revision, and that no rule or principle contradictory to what is written in The Satanic Bible may be considered applicable to Satanism
http://en.wikipedia.org/wiki/Satanic_Bible
Housing Bailout Passed in July Making Little Progress
Stability Crisis
When we carefully examine what they are spreading around cyber space and media under "God bless America" has a little to do with promoting the wealth, prosperity, peace, stability, and health of America.
Ron Paul is a good example as he is exploiting and hyping flaws of Capitalism and Freemarket because of those who are abusing the system. Instead of providing realistic solutions to problems; he is hyping more instability with premature and immature comments. If you review his words on youtube, you will find his irrational, illogical and uninsightful comments. What's pathetic is that many are following the distorted leads.
We have too many who display sick minds following false leaders such as Nobama black theology, following many conspiracy theories which are further hyping the stability and health of American and many around the world.
We need to pray to God that He will restore the sanity of many who are following the path of evil force which is destroying our country and many.
May God have His Mercy and Grace.
Nobama False Leader with cult faith disguised under Christianity
Well expressed Christian faith.
http://www.snopes.com/politics/soapbox/huntleybrown.asp
Wednesday, October 22, 2008
EU = Tower of Babel = Modern Babylon
The EU power has grown bigger than US, and is immoral than US which adopted its immorality and capitalism from European culture even though US is a melting pot.
European EU is the center of the world economy and world culture as it was the Rome era. As it was and it is now as EU rose above the world power. The capitalism of European has bought US and transformed God-faith built nation to Godless capitalistic nation which ultimately is fallen, as a nation, by the capitalism which robbed the country and its sheepsters.
The forming of EU is the second generation of the Tower of Babel.
May God have His Mercy and Grace on us.
Money oppression and crowd control - Joseph Cycle
We have three major faith, i.e. Christians, Muslims, Judaism, and now nobama black theology cult.
How the big money is using the cult to benefit themselves similar as the power used Christians to backslide (satanic power) to fall to where we are at.
Obviously the big money, e.g. Goldman, is supporting nobama; so, we are further divided even though Muslim supports nobama. Would muslims agree with the black theology which is disguised under Christianity.
We need to pray to God so that He will enlighten us to see the truth with spiritual awakening and enlightening.
May God show His Mercy and Grace.
Clinton-Monica = Bush-Bailout for crowd emotion
We need to watch and to pray to discern the real motive behind what appears to be true when many of schemes are setting up for other than what the crowd is thinking. What we are seeing is using power to control crowd. This is satan's scheme and only the Spirit of GOD can lead us to see the truth. The satan's deception to fool many will not stop here, but as the crowd, Americans and many, has fallen into many traps, we will see more of deceptive traps. Only spiritual discernment can tell what the true motive is.
May God save us and show His Mercy and Grace.
Tuesday, October 21, 2008
Tragedy of Amercans future
General Election: McCain vs. Obama
Poll Date Sample MoE Obama (D) McCain (R) Spread
RCP Average 10/14 - 10/20 -- -- 50.1 43.2 Obama +6.9
Rasmussen Reports 10/18 - 10/20 3000 LV 2.0 50 46 Obama +4
Reuters/C-SPAN/Zogby 10/18 - 10/20 1211 LV 2.9 50 42 Obama +8
Hotline/FD 10/18 - 10/20 791 LV 3.5 47 41 Obama +6
Gallup (Traditional)* 10/18 - 10/20 2384 LV 2.0 51 44 Obama +7
Gallup (Expanded)* 10/18 - 10/20 2299 LV 2.0 52 42 Obama +10
CNN/Opinion Research 10/17 - 10/19 764 LV 3.5 51 46 Obama +5
IBD/TIPP 10/16 - 10/20 1088 LV 3.0 47 41 Obama +6
Pew Research 10/16 - 10/19 2382 LV -- 53 39 Obama +14
ABC News/Wash Post 10/16 - 10/19 1336 LV 2.5 53 44 Obama +9
GWU/Battleground 10/14 - 10/20 1000 LV 3.1 48 47 Obama +1
http://www.youtube.com/watch?v=Fwog6E08CFU
http://www.youtube.com/watch?v=4FCNKwHRCQM
http://www.youtube.com/watch?v=nH5ixmT83JE
Monday, October 20, 2008
COT - crush of large/small speculators
This is "Commercials" against majority; and for this time, it was "bailout" scheme by Bush/Paulson as we know how the bailout and market behaved.
Again, COT is fitting into the big LT plan of American wealth deterioration due to the big long term plan by the mega fund as the COT is showing a snap shot of the recent market sentiment prior to the bailout crisis hype vs the subsequent market sell-off.
COT ~ large and small speculators were forced to sale as market sentiment was not as bearish going into the recent market bailout crisis hype. Net market sentiment was bullish as the net long was the highest point in a year going into "bailout". Evidently, the market crisis was planned to screw up as many as possible.
Bush NWO
2. National security obsession
3. Superpower with massive military
4. Extreme nationalism
5. Rally the masses by scapegoating enemies
6. Corruption and cronyism
7. Obsession with crime
8. Labor and low wages
9. Contempt for human rights
10. Mass media manipulation
11. Obsession with sexism
12. Disdain for intellectuals
13. Religion in government
14. Fraudulent elections
ETF Market Caps 081020
SPY | 48,058.14 | SPDRs |
EFA | 26,625.88 | iShares MSCI EAFE Index |
EZM | 17,739.46 | WisdomTree MidCap Earnings |
GLD | 16,600.15 | SPDR Gold Shares |
ICI | 13,915.95 | iPath Optimized Currency Carry ETN |
SZE | 13,792.10 | ELEMENTS Swiss Franc - CHF/USD ETN |
EEM | 13,450.50 | iShares MSCI Emerging Markets Index |
QQQQ | 12,314.37 | PowerShares QQQ |
IVV | 11,554.86 | iShares S&P 500 Index |
SHY | 10,059.61 | iShares Lehman 1-3 Year Treasury Bond |
IWF | 9,169.88 | iShares Russell 1000 Growth Index |
AGG | 8,148.19 | iShares Lehman Aggregate Bond |
IWM | 7,984.68 | iShares Russell 2000 Index |
SGG | 7,602.74 | iPath DJ AIG Sugar TR Sub-Idx ETN |
VTI | 7,510.06 | Vanguard Total Stock Market ETF |
DIA | 6,400.92 | DIAMONDS Trust, Series 1 |
MDY | 6,214.07 | MidCap SPDRs |
TIP | 6,014.61 | iShares Lehman TIPS Bond |
IWD | 5,995.34 | iShares Russell 1000 Value Index |
TLL | 5,396.39 | UltraShort Telecommunications ProShares |
EWJ | 5,296.44 | iShares MSCI Japan Index |
FXI | 5,057.98 | iShares FTSE/Xinhua China 25 Index |
DVY | 4,371.15 | iShares Dow Jones Select Dividend Index |
IVW | 4,262.46 | iShares S&P 500 Growth Index |
XLF | 4,173.20 | Financial Select Sector SPDR |
20 Superfund ~ Bernanke
Fed Chairman Ben Bernanke testifies on the economy on Capitol Hill Monday before the House Budget Committee. OPEC also holds an emergency meeting Friday, at which it is expected to discuss production cuts to battle the sharp drop in crude prices.
Federal Reserve Chairman Ben Bernanke, scheduled to appear this morning before the House Budget Committee, is likely once again to put the country on notice that there won't be a quick fix to the financial crisis.
Sunday, October 19, 2008
COT - crush of large/small speculators
Commercials often do trade against them (small/large). With the high spike, obviously commercials found financial crisis drama to crush markets. The positive sentiment was only one of the reasons that markets sold off to crush large/small speculators, obviously.
Gold Monthly
Gold is highly speculative and volatile market, as commented since the beginning of 2008, the market has topped around 1000 +/-. While Gold is continuing to fall during the recent months, we still have extremely speculative projections on Gold. No only we still have extreme speculations as was during the last several months, we have other conspiracy theories concerning Gold, e.g. Ron Paul comments which I disagree as markets are driven by big funds causing inequity of wealth distribution and instability of economy. Therefore, the problems are due to those who abuse the system, not system itself as any system can be extremely manipulated when we have corrupted people.
Gold monthly formed downtrend; however, the market is very volatile which can change very quickly with highly manipulated large funds.
The Federal Bureau of Investigation is struggling to find enough agents and resources to investigate criminal wrongdoing tied to the country’s economic crisis, according to current and former bureau officials.
The bureau slashed its criminal investigative work force to expand its national security role after the Sept. 11 attacks, shifting more than 1,800 agents, or nearly one-third of all agents in criminal programs, to terrorism and intelligence duties. Current and former officials say the cutbacks have left the bureau seriously exposed in investigating areas like white-collar crime, which has taken on urgent importance in recent weeks because of the nation’s economic woes.
Saturday, October 18, 2008
SPX LT
10/17/08 Consolidating symmetrical triangle formation.
Nuclear Financial War ~ as bad as nuclear war killing many innocent people, financially. Nuclear evil war super money power against many.
For HISTORY BOOK: 10/10/2008 LT SPX & VIX ~ financial market cycle using liquidity supply/freeze (post #11749)
SPX 899.22 after reversing from 839.80 with the downside weekly momentum which we have not seen in financial history with VIX breakout to 76.94.
Financial markets are LT pivotal supports as also noted on China SSEC & US SPX comments. Obvious LT bear market wave formation is the Big A-B-C which is a big megaphone formation from Oct 2002 (A) ~> Oct 2007 (B) ~> now (C) and the ultimate bottom is depending on how well the administration works out the credit problems. Of course, as commented before this is a part of LT plan of boom and bust liquidity manipulation with a purpose of wealth transfer. The worst bearish SPX target for the "C" wave is breaking below the Oct 2002 low 700 to near 600 with full recession to depression.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32810081
Market Insider: The Week Ahead
A slight thaw in the credit freeze could warm up some cautious buying in battered stocks in the week ahead.
But even so, the market will be subject to wild swings and could attempt to retest lows as investors struggle with the idea of a weakening economy.
"Next week's going to be the week of truth," said Art Cashin, UBS director of floor operations. "We're going to watch not so much the economics. This is all about finance. We're going to see if money starts to move."
There is little fresh economic data, but a heavy calendar of earnings news will get the market's attention. Blue chips like American Express , Boeing , McDonald's , and Microsoft report third quarter results, as well as more than a quarter of the S&P 500 companies.
More From CNBC.com ...
Fed Chairman Ben Bernanke testifies on the economy on Capitol Hill Monday before the House Budget Committee. OPEC also holds an emergency meeting Friday, at which it is expected to discuss production cuts to battle the sharp drop in crude prices.
Stocks rose more than 4 percent in the past week, the best weekly gain since March, 2003. The week was so volatile that it included the best day since 1933 and the worst since 1987. The Dow finished up 401 points, or 4.75 percent to 8852, while the S&P 500 rose 41, or 4.6 percent to 940.55. This follows the prior week's record 18 percent decline.
Investor Warren Buffett gave the market a shot of confidence Friday when he said stocks are so beaten down that he is buying stocks for his personal account, which traditionally has held Treasurys.
Jerry Castellini, president of CastleArk Management said invesotrs have been sidelined by fear and he expects to see some hunting for bargains. He said he was buying the emerging markets etf this past week and battered natural gas stocks. "There's going to be some wake up next week when everyone goes: 'Wow, the financial system is now solvent again. It's October. I'm down for the year. I'm going to buy some of these beaten up names," he said.
"There's been too many distractions in too many areas for this to be a fair pricing of risk in the system. We may very well go back down again, but it has to feel like if you took Libor down to 3 percent, people would come out of the woods," he said.
Credit Un-Crunching?
It was the credit markets where the good news was happening by the end of the week, particularly in the area of short-term financing. Each day this past week, the rates on Libor, the closely watched bank to bank lending rate, continued to creep lower, and there were some signs of life in commercial paper market. Two year swap spreads have come down dramatically.
On Friday, traders reported that a major bank was actively lending in the interbank market. On Tuesday, the U.S. government announced it would guarantee interbank lending and said it was injecting capital into banks, similar to steps taken by other central banks.
CNBC.com Pre-Markets
"What you're seeing is incremental advancement," said Kevin Ferry of Cronus Futures Management.
"It is improving, if you look at the vital signs..But we haven't even moved the patient out of intensive care and into a normal room," said Ferry. He said if you look at eurodollar futures, which settle to three-month Libor, they show an optimism that Libor rates will continue to recalibrate and move lower.
"If you look at forward three-month settlement in the futures market they were moving in the 3 to 3.5 percent area. Now, they are moving to the 3, 2.5 level," he said. Three-month libor last settled at 4.419 percent.
Ferry expects to continue to see incremental improvements. "You'll probably see the government buying mortgage-backed securities and buying Fannie and Freddie paper," he said. Buyers have been flocking into one and three-month T-bill traders say that foreign central banks are among those buyers.
"Where are the foreigners? The great amount of agency paper they were buying, they are systematically moving away from agencies and moving into Treasurys. It's what I call the new conundrum," Ferry said.
While short term funding markets are showing small signs of life, spreads are still wide in the corporate and at at record levels in the high-yield market.
In Treasurys, the 10-year fell 27/32 for the week, raising its yield to 3.938 per cent. The two-year was yielding 1.624 percent. The dollar rose 1.2 percent against the yen for the week and was just fractionally higher against the euro at $1.3406 per euro.
For stocks to stabilize, traders say they need to see continued improvement in credit markets. "Does the stock market pop the champagne corks or not? Next week will tell us if there is a retest," said Cashin.
Econorama
There is little data on the calendar. On Monday, leading indicators for September are reported. Weekly jobless claims are reported Thursday, and existing home sales for September are reported Friday. Weekly oil inventories will be reported Wednesday morning.
Treasury Secretary Hank Paulson is scheduled to speak at the National Committee on U.S.-China Relations Tuesday.
Oil Drill
Oil rose on Friday to $71.85 per barrel, but it was down 7.5 per cent for the week, a move that certainly has given OPEC some concern. The Organization of Petroleum Exporting Countries called an emergency meeting for Friday to discuss production cuts.
"I'm fully expecting a production cut upwards of a million barrels, if not more," said John Kilduff, senior vice president at M.F. Global. "They're going to react aggressively to this. The key to it though is Saudi Arabia."
"The Saudis don't want to do it, but in the interest in keeping some modicum of cohesion, they're' going to do it," said Kilduff, a CNBC contributor. "...If they cut and Kuwait cuts, pretty much the cut will be affective and implemented."
Kilduff said he expects crude prices to stay in the $75 to $76 per barrel range with an upper band of $80. "At least with this first cut, you won't see the cheating that bedeviled the cartel in the old days," he said.
Earnings Central
On Monday, American Express and Texas Instruments report earnings. Caterpillar, Coach, Dupont, MMM, Pfizer, BlackRock and State Street report before the bell Tuesday. Apple and Yahoo report after the bell that day. (See more coming earnings below.)
On Wednesday, AT&T, Boeing, Conoco, McDonald's, Merck, and Philip Morris report Wednesday morning and Amazon, Amgen, Pulte Homes and Sallie Mae report after the bell that day.
Altria, UPS, Bristol Myers, and Union Pacific report Thursday morning. Microsoft, Burlington Northern, Aflac and Chubb report after the close Thursday. On Friday, Ericsson reports ahead of the open.
Questions? Comments? marketinsider@cnbc.com
Friday, October 17, 2008
NWO - big idea
Big Idea: Financial/political crisis such as 911, Iraq war, and bailout scams. We have many who are spreading propaganda to brainwash in all levels, i.e. news media, many financial news letters, financial board posters, etc. And of course, we also have those who are not aware of the real facts. As we can see, we are not living in normal world.
We have Pre-2000 and Post-2000. We will never go back to Pre-2000 as we are living in different world now. Not only the planned financial melt-down, we also have major conspiracy floating around, e.g. Amero currency, by evil greed power seeking more control of the world politically and economically. Nobama is just another big scam for the purpose.
Big Idea - NWO - e.g. 911 and Bailout scam
First, it was 911 terror, and now, it is financial terror.
May God deliver us from the evil power.
Political and Economical change: MAY GOD have MERCY on Americans and many around the world.
Literally robbing many with all kinds of manufactured financial/political crisis such as 911, Iraq war, and bailout scams. In addition, there are many who are spreading propaganda to brainwash in all levels, i.e. news media, many financial news letters, financial board posters, etc. And of course, we also have those who are not aware of the real facts. As we can see, we are not living in normal world.
We have Pre-2000 and Post-2000. We will never go back to Pre-2000 as we are living in different world now. Not only the planned financial melt-down, we also have major conspiracy floating around, e.g. Amero currency, by evil greed power seeking more control of the world politically and economically. Nobama is just another big scam for the purpose.
NWO ~ Political and Financial World Dominance
http://one-nwo.blogspot.com/2008/10/big-idea-nwo-financial-political-world.html
Quit while you are ahead
Andrew Lahde, manager of a small California hedge fund, Lahde Capital, burst into the spotlight last year after his one-year-old fund returned 866 percent betting against the subprime collapse.
Last month, he did the unthinkable -- he shut things down, claiming dealing with his bank counterparties had become too risky. Today, Lahde passed along his "goodbye" letter, a rollicking missive on everything from greed to economic philosophy. Enjoy:
Bernanke rate Oxymoron: 0% Rates Needed for Market Recovery
Of course, it is the way to steal wealth from many around the world by "Freezing" the fund circulation by the greenspan gang short funds - e.g. greenspan/paulson colluded funds with big hedge funds.
Super money and power is stealing wealth from many around the world over the decades -- savings, home equities, and now the final 401k nest eggs.
Bernanke is playing "DUMB" doing not-much compared to the financial melt down to steal money using short gang, obviously.
VIX
Literally robbing many with all kinds of manufactured financial/political crisis such as 911, Iraq war, and bailout scams. In addition, there are many who are spreading propaganda to brainwash in all levels, i.e. news media, many financial news letters, financial board posters, etc. And of course, we also have those who are not aware of the real facts.
Thursday, October 16, 2008
Wednesday, October 15, 2008
Warren Buffett - CNBC interview
The first was on September 24, the morning after his $5 billion investment in Goldman Sachs.
Then one week later, on October 1, he spoke to us about the $3 billion he spent for General Electric preferred shares.
Two days after that, Buffett told us the just-passed $700 billion rescue bill would help the U.S. economy, but it wouldn't be a "panacea."
Warren Buffett Watch has already posted transcripts of each of those conversations.
They're now available for download in a single PDF document. (Adobe Acrobat)
Also still available for your CNBC transcript collection:
Three Hours with Warren Buffett (August 22, 2008)
Warren Buffett Answers Your Emails (March 3, 2008)
Stabilizing the Financial Markets and the Economy
CDS - Credit Default Swaps
Wall Street Breakfast: Must-Know News
Wednesday's Economic Calendar
7:00 MBA Mortgage Applications8:05 Fed's Rosengren speaks on economic outlook
8:30 Empire State Mfg Survey
8:30 Producer Price Index
8:30 Retail Sales
10:00 Business Inventories
10:35 EIA Petroleum Status
12:15 PM Fed's Bernanke speaks on the economic outlook and financial markets
2:00 PM Fed's Beige Book
Seeking Alpha editor Rachael Granby contributed to this post.
Tuesday, October 14, 2008
Americans are eaten alive
Almighty Mr President/Paulson/Greenspan brought down hell-on-earth since 2000.
And the world hedge funds became rich taking wealth off of Americans' savings, home equities, and now debt.
The world big funds are whipping and eating Americans alive.
Americans are going through tribulations after tribulations ~~>> suffering great deal by the big world money eating US alive.
Wild Wild West Financial System
It is like wild wild west, like going out to street at night where gangs rob people on the streets. And you can't find any police.
Our markets had wild wild west where many have been robbed.
WE NEED BETTER RULES AND REGULATIONS!
Revised Rescue Plan, SPX 1020 +/- & BKX
US Outlines New Initiatives To Unfreeze Credit Markets
October 10, 2008 12:37:23 PM
$BKX 48.84 reversed from 47 +/- double bottom formation
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32784579
Revised Rescue Plan at a Glance
- US Treasury will buy up to $250 billion in senior preferred, nonvoting shares in financial institutions.
- Nov 14 deadline for banks to participate in equity purchase program.
- Preferred shares to pay 5 percent a year for first 5 years, 9 percent after 5 years.
- Firms in program must adopt Treasury's standards on executive pay and corporate governance.
- Compensation for top execs won't be tax deductible above $500,000.
Nobel Prize Winner on the Economy
Insight on the government's financial rescue plan, with Paul Krugman, 2008 Economic
http://www.cnbc.com/id/15840232?video=889401836&play=1
Monday, October 13, 2008
10/13/2009 History Book DOW +936, SPX 104
History Book DOW +936, SPX 104, Nasdaq 200.02
Stocks had their best day since the 1930s with the Dow Jones industrials gaining 936 points for the first time ever.
The Dow closed up 11.1% to 9,388 -- its biggest percentage gain since March 15, 1933, when the index gained 15.3%, and its fifth largest percentage gain ever.
The blue-chip index broke its old one-day record gain of 499 points, set on March 16, 2000.
The Standard & Poor's 500 Index was up 104 points, or 11.6%, to 1,003. The point gain was a record; the percentage gain was the largest since 1938.
The Nasdaq Composite Index was up 195 points, or 11.8%, to 1,844. The point gain was its 10th largest and the largest since it jumped 325 points, or 14.2%, on Jan. 3, 2001. The percentage gain was its second-largest after that January 2001 gain. (The Nasdaq was established in 1971.)
http://trend-signals.blogspot.com/2008/10/for-history-book-10102008.html