Friday, January 30, 2009
Market comments
Markets closed near at supports, DOW 8000. SPX retraced most of the bounce, 78%, closing the Jan selling off. Market sentiment is bearish as market price action is unstable.
Qs formed symmetrical triangle as shown on the daily chart. SPX is also showing triangle formation. Obviously, not many are putting much confidence in the markets as we have seen market price actions during this week -- fading every rally; hence, it is wise to remain nimble.
SPY closing at 83.03, SPX 825.88 retracing 78% of the Jan bounce. SPX does not show GAPS, but SPY does. SPX formed a triangle and break from the formation is a potential directional signal. Have a good weekend
SPX Long Term CMF
Malfunctioning Globalism & Bushnomics VS Strong Middle Class
The mortgage crisis. Wall Street. The loss of millions of jobs. In this economic crisis, the middle class is getting hit from all angles. That’s why the President created a Middle Class Task Force and asked his right hand man, Vice President Joe Biden, to lead it.
The Vice President lays out the goals of the Task Force in an op-ed appearing this morning in USA Today, which you can find on the Task Force’s new site.
Even though the middle class has been pummeled by this crisis, there are steps we can take to make sure the recovery doesn’t just benefit the wealthy, like past expansions. This time around, we’re going to grow the middle class, improve quality of life, and expand the American dream to millions of people who have shouldered the costs of our economy but not reaped its gains.
So take a look at the new website of the White House Task Force on Middle Class Working Families to learn more, and be sure to leave your comments and ideas.
http://www.whitehouse.gov/blog_post/a_strong_middle_class_a_strong_America/
Collapse of Middle class: The financial crisis which we are having has the similar scam like the plot of the Bank movie theme except with a bigger scheme -- Bushnomics creating bigger crisis instead of solving the problem. A big crisis for one group is a fortune for other -- in this case, a few wealthy who took the massive wealth from mass.
In 1990s, it was Japanese financial market collapse to create the Chinese financial market. In 2000s, it is a collapse of middle class world-wide for a few wealthy.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35220699
Bank - the grand scheme movie which I mentioned a few times during the last several month and which we are seeing now through financial crisis. Crashing bank stocks is a way to make big and quick money. For the current banking crisis, it is a big way to make money using crisis scheme.
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=30376894&txt2find=bank
American financial crisis is about malfunctioning Globalism casualty as Americans lose jobs and use all made-in-other-than-USA.
Unfortunately, most of money is mostly sucked into other big pockets if not careful such as fooled into ARM, over-spending, etc. Big fund power is having more fund power around the world, now, the world economy is at the big funds disposal because the big money has gotten huge, astronomical. Markets lost trillions meaning others made trillions to a fewer hands.
Thursday, January 29, 2009
Market comments
Politicians are well paid: re Worst GDP In 26 Years?
Obviously, politicians, hedge funds, economists, and other speculators are well paid, holding cash, or other safe deposits which are shielded from the current economic crisis. As a whole, they make various crisis while the rest is getting affected by their decisions and manipulation.
It seems that many republicans and politicians are sitting on cash, having good paying jobs, investing in hedge funds, or other money making situation; so that they are not putting much effort to revive economy -- by doing nothing or not-much, they are becoming wealthy as a by-product of others' crisis.
As many as workers are out-of-jobs and markets sold-off; it actually is better for them as their money is worth more.
http://www.cnbc.com/id/28914640/
Very low volume trading
$COMPX 1520.97 -37.37 -2.40%
$INDU 8216.71 -158.74 -1.90%
$INX 852.81 -21.28 -2.43%
Extreme Sentiment as a contrarian indicator
http://trend-signals.blogspot.com/2009/01/spx-q-and-major-markets.html
The current financial market crisis is mostly due to regulatory failure during the last few decades, especially, during the last few years of ARM/subprime bubble and crash after the late 1990s repeal of the Glass-Steagall act, as example. As noted on the article, C.O.P. is addressing the problem of regulatory failure.
http://trend-signals.blogspot.com/2009/01/better-controlling-wasteful-gov.html
Qs & Market support levels
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35175916
Better controlling Wasteful Gov Spending:
There should be a massive waste of Gov programs and this is just one example of many which could be costing millions or billions of wasteful resources.
The Obama admin needs to seriously consider what GOP is saying about a wasteful and inefficient gov money spending at the local levels as well as state levels. http://www.cnbc.com/id/28901711 It is obvious that regulatory agencies didn't do proper auditings as we can see it on Madeoff case as example. There should be many different kinds and levels of such.
http://www.foxnews.com/politics/2009/01/28/grassley-launches-inquiry-widespread-porn-charges-nsf/
TARP Panel Report Cites Regulatory Failures In Crisis
The Congressionally-appointed panel overseeing the TARP program today will release a stinging report of the regulatory failures that led to the current financial crisis.
A copy of the draft report, which will be presented to Congress, was obtained by CNBC.com.
“The regulatory system not only failed to manage risk, but also failed to require disclosure of risk through sufficient transparency,” the report concludes.
http://www.cnbc.com/id/28910947
Wednesday, January 28, 2009
SPX, Q, and major markets
"Qs 30.31, SPY 86.97 and SPX 868.73 HOD is a last resistance before retracing to the recent top on Jan 6. Breaking above is signaling that markets could finish the month - January positive which $SOX is positive now. Because market actions today have broken above 2 weeks consolidation period, breaking above the current HOD resistance could carry fast momentum to upside retracing to 1/6/2009."
60min: Nice C&H formations with the recent trending up market.
Markets closed near at resistances, however, daily momentum is now getting ready to turn positive.
Trading above SPX 880 downtrend resistance is continuing to be positive for upside momentum to SPX 950 +/- retracing to 1/9/2009 943.85 high. We still have a chance to finish the Jan effect on a positive note.
SPX closing below the SPX 872 R (?) after trading to SPX 878. Trading volume is light -- it is probably because many are scared of all extreme bearish speculation. It is just a matter of time the extreme bearish sentiment becomes a contrarian. Daily price actions are getting ready to show positive trend on macd.
Qs 30.31, SPY 86.97 and SPX 868.73
Qs 30.31, SPY 86.97 and SPX 868.73 HOD is a last resistance before retracing to the recent top on Jan 6. Breaking above is signaling that markets could finish the month - January positive which $SOX is positive now. Because market actions today have broken above 2 weeks consolidation period, breaking above the current HOD resistance could carry fast momentum to upside retracing to 1/6/2009.
Tuesday, January 27, 2009
Qs and Major Markets
SPY is trading at 85.35 which is corresponding to SPX 855 +/- which is resistance as Qs is trading near at 29.65.
I commented earlier on the markets:
SPX HOD 850 R and Jan 2009 Gaps: SPX 930 +/- and 855 +/-
Corresponding SPY price level: 92 +/- and 85 +/-
Markets are trading above the pivotal supports and market actions during this week is pivotal as breaking higher or lower end of the recent trading range will trigger more selling or buying actions.
The dreaded earning reports are almost over as markets anticipated horrible earnings which those were, but IBM, AAPL, and GOOG earnings were hopeful.
Breaking above the noted market resistances will triggers upside price actions as technical reading is improving, and markets would be pricing a bit of economic bounce with stimulus program.
Qs is trading at 29.65 +/- near daily 20dma resistance. Yahoo is at 11.93 up 6.8% after the earning report -- helping Qs. In addition, we are in EOM period which is generally positive for markets. Markets briefly rallied for a few days, New Year rally, then suddenly dropped 8-11% in six trading days during 1/6-1/20/2009. So far, Qs retraced about 50% of the New Year rally sell-off. Continuing to trade up above 29.60 and 30 will trigger retracing Jan 6 top. In AH, Qs is trading above downtrend resistances, so, we could see filling the 1/7/2009 gap retracing to 31.50 +/-.
Jan 2009 Gaps
SPX HOD 850 R and Jan 2009 Gaps: SPX 930 +/- and 855 +/-
Corresponding SPY price level: 92 +/- and 85 +/-
Markets are trading above the pivotal supports and market actions during this week is pivotal as breaking higher or lower end of the recent trading range will trigger more selling or buying actions.
The dreaded earning reports are almost over as markets anticipated horrible earnings which those were, but IBM, AAPL, and GOOG earnings were hopeful.
Breaking above the noted market resistances will triggers upside price actions as technical reading is improving, and markets would be pricing a bit of economic bounce with stimulus program.
Pivotal SPX 860+/- R
2009 Jan YTD
Monday, January 26, 2009
TS Geithner
1/27 INTERNATIONAL HOLOCAUST REMEMBRANCE DAY.
Markets are consolidating for a week, and it is going into EOM while markets remained day-trading environment.
Tomorrow 1/27 is INTERNATIONAL HOLOCAUST REMEMBRANCE DAY.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35073782
re Existing Home Sales Posts Surprise 6.5% Gain
Economics has much to do with number management which is translated to various activities and transactions. To be successful, the number management has to be effective and efficient.
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re Existing Home Sales Posts Surprise 6.5% Gain
HOUSING, HOME SALES, REAL ESTATE, ECONOMY, ECONOMIC DATA,
The Associated Press
| 26 Jan 2009 | 10:06 AM ET
A real estate group says sales of existing homes rose 6.5 percent from November to December, closing out the worst year for the U.S. real estate market in more than a decade.
The National Association of Realtors said Monday that sales of existing homes rose to an annual rate of 4.74 million in December, from a downwardly revised pace of 4.45 million in November.
December's sales had been expected to fall to a pace of 4.4 million units. according to Thomson Reuters.
The median sales price plunged to $175,400, down 15.3 percent from $207,000 a year ago.
http://www.cnbc.com/id/28854489/
Economic Recovery
Communicating summarized executive plans for economic recovery will boost confidence. Even though the economic recovery plans could have 1000s pages of details, showing crystal clear summarized figures will help many to participate in the recovery plans.
Obama is using modern technology well such as weekly Presidential address using youtube visual, so, he could be more proactive in effectively communicating "Economic Recovery Plans" using various levels of detailed or summaries presentations.
Earnings
Gamble, Honeywell and Gannett also report that day.
Wednesday's reports include AT&T, Boeing, Pfizer, Wells Fargo, General Dynamics and Starbucks. 3M, Eli Lilly, Royal Dutch Shell, Colgate-Palmolive, Ericsson, International Paper, Amazon.com and Altria report Thursday.
Big oil reports Friday with releases from Exxon and Chevron. Procter and Gamble, Honeywell and Gannett also report that day.
Sunday, January 25, 2009
Gdrive - likely speed problem.
The GDrive, unconfirmed by Google, is reported to launch this year, with tech news sites calling it the "most anticipated Google product so far."
The Google drive would shift away from Microsoft Window's operating system, in favor of "cloud computing," where storage and processing is done in data centers. Users would no longer have to rely on their computers' powerful hard drives.
Home and businesses have been turning toward web-based services, such as e-mail — including popular services Hotmail and Gmail — and photo storage, such as Flickr and Picasa. Users would no longer have to worry about their hard drives crashing, since data would be saved on the Web, and can be accessed from any machine.
With the GDrive, a PC would be a device acting as a portal to the Web, enabling users to think of their computer as software rather than hardware.
Google refused to confirm the GDrive, but acknowledged the growing demand for cloud computing.
"There's a clear direction ... away from people thinking, 'This is my PC, this is my hard drive,' to 'This is how I interact with information, this is how I interact with the web,'" said Dave Armstron
Debate on inflation vs deflation
Hamilton's definition shows there was massive inflation during the great depression, starting in 1931!
Of course that is ridiculous. But it is what one must conclude if one defines inflation as an expansion of money supply alone.
That chart shows why it is foolish to look at one indicator as proof of inflation. A more practical approach and a more practical definition, gives more practical results.
Soaring base money supply is not proof "Big Inflation Is Coming" soon, just as it was not proof that "Big Inflation" was coming in 1931. There cannot possibly be any other logical conclusion when confronted with the data.
http://globaleconomicanalysis.blogspot.com/2009/01/is-big-inflation-coming.html
Market Comments
Markets closed above pivotal supports: DOW 8000, SPX 817, Nasdaq 1455, and Qs 28
$COMPX 1477.29 11.80 0.81%
$INDU 8077.56 -45.24 -0.56%
$INX 831.95 4.45 0.54%
Markets remained in a trading range during the Obama Inauguration week. We have Geithner confirmation hearing on Mon, the Fed Tues and the announcement on Wed, 1/4 of SPX earning reports, and heavy eco news for the week as shown on the Economic calendar.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35055705
Obama Admin is working hard to revive our economy while market sentiment is quite pessimistic. My reading of major market price actions are mixed; however, as noted before, we have a good chance that markets will trade up based on economic bounce with the economic stimulus program.
Daily price actions show a potential C&H formation if the pivotal supports are held, and could develop into Inv H&S formation market bounce with the 1/20 CIT speculation. While we could see market bounce to upside to develop Inv H&S formation, breaking below the noted pivotal supports negates my anticipation of the market bounce, rather to retest the recent lows.
Worse cases are regressively breaking the pivotal supports, retesting the 11/21 low, and trading to lower/low supports – e.g. SPX 741, SPX 700 +/-. The SPX long term chart is in the iBox and have shown long term analysis in the previous posts.
Good luck,
1Best
Saturday, January 24, 2009
Friday, January 23, 2009
Obama 100 days
Obama is working with his economic team to revive our economy. He said that he is monitoring our economic condition through Daily Economic Intelligence Report.
Obama decision to end "Ban on Abortion Funds" is leaving the abortion choice to to women. Even though I would prefer that he doesn't end, I can understand that Obama is exercising the freedom to choose.
Ending "War on Terror" is what many wished even though it was the Bush's strong belief. Of course, we are all against terrorism and should not let our guard down against terrorists. I think that Clinton will show her good leadership working with Obama.
Geithner Friday pledged to strengthen regulation
Thursday, January 22, 2009
American Economic Crisis
For example, using R.E. bubble/crash, market manipulators took wealth from millions of Americans. In the process of making R.E. bubble/crash, there are some who made large sum of money as we know that we had increasing Plutocracy during the Bush admin -- and we watched his end-game of millions of Americans having mortgage crisis, job loss, banking melt down, stock market melt down, etc. -- the end result of massive financial market manipulation which is taking wealth away from many to a few %.
The recent financial market melt-down is further starving American wealth as a few % of market speculators are making fortune while many Americans' wealth and market values are getting crush. The crash or discounting process is only furthering the financial wealth destruction of many American and many around the world. That is NOT remedy.
The corrective action is to establish rational, productive, fair, and progressive policies which will enrich many. Wars are destructive for many. Oil price manipulation is destructive for many while a few is getting rich.
Markets are trading near at pivotal supports and the hype of destroying markets do not help the wealth of many, but only toppling off more to face financial crisis.
Regard Corruption: Invisible Market Force manipulation
My answer is the following:
No simple and direct answers as markets are manipulated by "invisible market force" using various influences. I suggest you to do your own D.D. and you can begin by reading comments on market watch, http://community.marketwatch.com/, and also to watch "Market Masters" youtube video. Those are correct and incorrect opinions, speculations, and hype; so, one needs to exercise discretion and discernment.
Other examples, you can understand the invisible market manipulation by studying history of various areas impacting markets such as Paulson's background prior to his position as T.S. and his decisions, Greenspan manipulation during 1980-1990s, rising trade deficit, effects and motivation of globalism, the history and motivation of various repealed and new bills, Bush Admin motivation and impacts on our economy, etc. -- it is invisible market force which is not easy to reveal. That is the reason: it is the invisible market force.
Premature MSFT earning release
Furthermore, market reaction to the news regardless good earning reports from IBM and AAPL is unjustifiably manipulative. The malfunctioned national leadership which we have gone through is still having the same nightmare force of economic oppression.
Geithner Confirmation as Treasury Secretary Likely Next Week
TS Paulson role was really nothing more than market manipulation.
SPX 850 r
Trading above 850/900 resistances will provide some confidence which will be followed by traders hyping markets to upside.
Wednesday, January 21, 2009
Hope
Hope requires "due trust". Unless we have some confidence to hope for, we would not hope. Unless we trust, with reasonable confidence, Obama, we will not have "hope" in him. We need to see that Obama is genuinely looking out for our interest first before he reaches out for other nation -- to pursue common good. His decisions and actions since he was elected reflect that he is pursuing common good for Americans, then, abroad. Of course, having Clinton beside him is definitely a plus.
Even though the economic downturn cycle was expected, hope that it will not get progressively worse. Hopefully, we will see the light which will sooth our economic crisis, soon.
Markets are fluttering around daily Pivots.
Showing +D http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34967386
Posted by: __1Best__ Date: Wednesday, January 21, 2009 9:50:46 AM
HOD, so far, SPX 820 & Qs 28.62 are minor resistances on intradays.
1/20 +/- CIT looks to be upside, not to downside as noted earlier; however, market reactions to AAPL/GOOG/MSFT are pivotal.
Obama Day 1: 'Clean Break From Business As Usual'
U.S. President Barack Obama, acting swiftly on his first full day in office, signed executive orders freezing the salaries of his senior White House staff, and imposed a ban on anyone lobbying who leaves his administration while he is president.
The salary freeze affects those making $100,000 or more. Those include the White House Chief of Staff, the press secretary among others. Obama signed the orders during the swearing in of his White House staff. Obama aslo said the Freedom Of Information Act, allowing the public access to government records, would be less restrictive than in the past. "Transparency and the rule of law will be the touchstones of this presidency," Obama said.
1/20+/- CIT after Market free fall on the Obama Inauguration
After markets selling off, markets closed noted pivotal supports: DOW 8000, SPX 817, Nasdaq 1455, and Qs 28. Today is the first day closing below the pivotal supports and a confirmation of a continuation to downside is yet to be seen as the market action could be seen a false break if markets trade up from the LOD yesterday with inv H&S formations. Markets are bouncing up with good IBM earning report in AH. Intraday/Daily price actions are showing moderate +D with the 1/20 sharp sell-off. If we see sustained positive day going into AAPL/GOOG/MSFT earning reports with positive reaction after the earning reports, we have a hope to upside as we are in a pivotal market turn as 1/20 +/-. God bless, 1Best
Obama dance & Market free fall
Markets sold off 5-7% on the day of Obama Inauguration which I think that the sell-off is exploiting quick downside profit. IBM earning report was healthy with better outlook.
Apple reports Wednesday, and Google and Microsoft release earnings Thursday
Quote: the Obama Administration starts its first day of work with the scheduled confirmation hearing for Timothy Geithner as Treasury Secretary. Geithner, outgoing New York Fed President, is expected to win the nomination but questions have been raised about tax issues while he was employed at the IMF. The Senate Finance Committee hearing on Geithner begins at 2 p.m.
President Barack Obama also meets with his economic team. In the afternoon, the House of Representatives is expected to complete consideration of the TARP reform act. Last week, the Senate approved the release of the remaining $350 billion from TARP, the Troubled Asset Relief Program, which so far has been used to inject capital into banks.
The Senate government affairs committee, meanwhile, holds a 10 a.m. hearing on the breakdown of financial governance.
Tuesday, January 20, 2009
re Roubini comment
BKX completed 3 peaks and a dome house.
http://trend-signals.blogspot.com/2009/01/bkx-2534.html
Roubini must have not heard what I said, in Jan 2006, that we will have financial melt down due to ARM/housing bubble.
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Roubini: U.S. Banking System Insolvent, Another $2.5T of Losses Coming
A couple of years ago, when Nouriel Roubini predicted that U.S. financial-system losses would total $1 trillion, everyone thought he was insane. He has since revised his estimate. Now he's looking for $3.6 trillion:
Bloomberg: U.S. financial losses from the credit crisis may reach $3.6 trillion, suggesting the banking system is “effectively insolvent,” said New York University Professor Nouriel Roubini, who predicted last year’s economic crisis.
$BKX 25.34 - Completed 3 peaks & a Domed house
Bombing $BKX to 25.34, near to all time low.
Ruthlessly bombed re Markets Have Record Slide For Obama Inauguration
An index of bank stocks lost 19.7 percent on fears of more losses. The Dow Jones industrial average fell 332.13 points, or 4.01 percent, to end unofficially at 7,949.09. The S&P 500 Index slid 44.90 points, or 5.28 percent, to finish unofficially at 805.22.
The Nasdaq Composite Index tumbled 88.47 points, or 5.78 percent, to close unofficially at 1,440.86.
Meanwhile, the White House Tuesday outlined some of President Barack Obama's major policy objectives as he became the 44th U.S. president.
The first African-American to become U.S. president swore to preserve, protect and defend the Constitution against a backdrop of a deep economic downturn, a trillion dollar federal deficit and fears of more bank losses.
Holocaust ~ around the world
Bombed world markets ~ Dow falls 332 as stocks rain on Obama's parade (Just same as demolished Gaza.)
This world is having various kinds of Holocaust while a few % is having filthy rich wealth.
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Dow falls 332 as stocks rain on Obama's parade
Obama's message of hope collides with intensifying worries about the health of the financial sector: State Street plunges more than 50% on a weak forecast; Wells Fargo drops nearly 24%. But IBM's outlook cheers the Street. Fiat takes a stake in Chrysler.
IBM earning
The computing services and software giant reported a profit of $3.28 a share in the fourth quarter on sales of $27.01 billion, compared with a profit of $2.80 on a topline of $28.87 billion last year.
Light volume manipulation
Markets are trading at supports going into 3pm.
Economic/financial bubble/crash
He would know that economic/financial bubble/crash is big lie and manipulation to legally steal wealth from many around the world.
President Obama: We Can Defeat Crisis In Economy
Barack Obama became the first black U.S. president Tuesday, making history before a sea of people and declaring the United States is in the midst of a crisis that can be defeated with a united sense of purpose. http://www.cnbc.com/id/28749674/
Obama Inauguration Speech
My fellow citizens:
I stand here today humbled by the task before us, grateful for the trust you have bestowed, mindful of the sacrifices borne by our ancestors. I thank President Bush for his service to our nation, as well as the generosity and cooperation he has shown throughout this transition.
Forty-four Americans have now taken the presidential oath. The words have been spoken during rising tides of prosperity and the still waters of peace. Yet, every so often the oath is taken amidst gathering clouds and raging storms. At these moments, America has carried on not simply because of the skill or vision of those in high office, but because We the People have remained faithful to the ideals of our forbearers, and true to our founding documents.
So it has been. So it must be with this generation of Americans.
That we are in the midst of crisis is now well understood. Our nation is at war, against a far-reaching network of violence and hatred. Our economy is badly weakened, a consequence of greed and irresponsibility on the part of some, but also our collective failure to make hard choices and prepare the nation for a new age. Homes have been lost; jobs shed; businesses shuttered. Our health care is too costly; our schools fail too many; and each day brings further evidence that the ways we use energy strengthen our adversaries and threaten our planet.
These are the indicators of crisis, subject to data and statistics. Less measurable but no less profound is a sapping of confidence across our land—a nagging fear that America's decline is inevitable, and that the next generation must lower its sights.
Today I say to you that the challenges we face are real. They are serious and they are many. They will not be met easily or in a short span of time. But know this, America—they will be met.
On this day, we gather because we have chosen hope over fear, unity of purpose over conflict and discord.
On this day, we come to proclaim an end to the petty grievances and false promises, the recriminations and worn out dogmas, that for far too long have strangled our politics.
We remain a young nation, but in the words of Scripture, the time has come to set aside childish things. The time has come to reaffirm our enduring spirit; to choose our better history; to carry forward that precious gift, that noble idea, passed on from generation to generation: the God-given promise that all are equal, all are free, and all deserve a chance to pursue their full measure of happiness.
In reaffirming the greatness of our nation, we understand that greatness is never a given. It must be earned. Our journey has never been one of short-cuts or settling for less. It has not been the path for the faint-hearted—for those who prefer leisure over work, or seek only the pleasures of riches and fame. Rather, it has been the risk-takers, the doers, the makers of things—some celebrated but more often men and women obscure in their labor, who have carried us up the long, rugged path towards prosperity and freedom.
For us, they packed up their few worldly possessions and traveled across oceans in search of a new life.
For us, they toiled in sweatshops and settled the West; endured the lash of the whip and plowed the hard earth.
For us, they fought and died, in places like Concord and Gettysburg; Normandy and Khe Sahn.
Time and again these men and women struggled and sacrificed and worked till their hands were raw so that we might live a better life. They saw America as bigger than the sum of our individual ambitions; greater than all the differences of birth or wealth or faction.
This is the journey we continue today. We remain the most prosperous, powerful nation on Earth. Our workers are no less productive than when this crisis began. Our minds are no less inventive, our goods and services no less needed than they were last week or last month or last year. Our capacity remains undiminished. But our time of standing pat, of protecting narrow interests and putting off unpleasant decisions—that time has surely passed. Starting today, we must pick ourselves up, dust ourselves off, and begin again the work of remaking America.
For everywhere we look, there is work to be done. The state of the economy calls for action, bold and swift, and we will act—not only to create new jobs, but to lay a new foundation for growth. We will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together. We will restore science to its rightful place, and wield technology's wonders to raise health care's quality and lower its cost. We will harness the sun and the winds and the soil to fuel our cars and run our factories. And we will transform our schools and colleges and universities to meet the demands of a new age. All this we can do. And all this we will do.
Now, there are some who question the scale of our ambitions—who suggest that our system cannot tolerate too many big plans. Their memories are short. For they have forgotten what this country has already done; what free men and women can achieve when imagination is joined to common purpose, and necessity to courage.
What the cynics fail to understand is that the ground has shifted beneath them—that the stale political arguments that have consumed us for so long no longer apply. The question we ask today is not whether our government is too big or too small, but whether it works—whether it helps families find jobs at a decent wage, care they can afford, a retirement that is dignified. Where the answer is yes, we intend to move forward. Where the answer is no, programs will end. And those of us who manage the public's dollars will be held to account—to spend wisely, reform bad habits, and do our business in the light of day—because only then can we restore the vital trust between a people and their government.
Nor is the question before us whether the market is a force for good or ill. Its power to generate wealth and expand freedom is unmatched, but this crisis has reminded us that without a watchful eye, the market can spin out of control—and that a nation cannot prosper long when it favors only the prosperous. The success of our economy has always depended not just on the size of our Gross Domestic Product, but on the reach of our prosperity; on our ability to extend opportunity to every willing heart—not out of charity, but because it is the surest route to our common good.
As for our common defense, we reject as false the choice between our safety and our ideals. Our Founding Fathers, faced with perils we can scarcely imagine, drafted a charter to assure the rule of law and the rights of man, a charter expanded by the blood of generations. Those ideals still light the world, and we will not give them up for expedience's sake. And so to all other peoples and governments who are watching today, from the grandest capitals to the small village where my father was born: know that America is a friend of each nation and every man, woman, and child who seeks a future of peace and dignity, and that we are ready to lead once more.
Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.
We are the keepers of this legacy. Guided by these principles once more, we can meet those new threats that demand even greater effort—even greater cooperation and understanding between nations. We will begin to responsibly leave Iraq to its people, and forge a hard-earned peace in Afghanistan. With old friends and former foes, we will work tirelessly to lessen the nuclear threat, and roll back the specter of a warming planet. We will not apologize for our way of life, nor will we waver in its defense, and for those who seek to advance their aims by inducing terror and slaughtering innocents, we say to you now that our spirit is stronger and cannot be broken; you cannot outlast us, and we will defeat you.
For we know that our patchwork heritage is a strength, not a weakness. We are a nation of Christians and Muslims, Jews and Hindus—and non-believers. We are shaped by every language and culture, drawn from every end of this Earth; and because we have tasted the bitter swill of civil war and segregation, and emerged from that dark chapter stronger and more united, we cannot help but believe that the old hatreds shall someday pass; that the lines of tribe shall soon dissolve; that as the world grows smaller, our common humanity shall reveal itself; and that America must play its role in ushering in a new era of peace.
To the Muslim world, we seek a new way forward, based on mutual interest and mutual respect. To those leaders around the globe who seek to sow conflict, or blame their society's ills on the West—know that your people will judge you on what you can build, not what you destroy. To those who cling to power through corruption and deceit and the silencing of dissent, know that you are on the wrong side of history; but that we will extend a hand if you are willing to unclench your fist.
To the people of poor nations, we pledge to work alongside you to make your farms flourish and let clean waters flow; to nourish starved bodies and feed hungry minds. And to those nations like ours that enjoy relative plenty, we say we can no longer afford indifference to suffering outside our borders; nor can we consume the world's resources without regard to effect. For the world has changed, and we must change with it.
As we consider the road that unfolds before us, we remember with humble gratitude those brave Americans who, at this very hour, patrol far-off deserts and distant mountains. They have something to tell us today, just as the fallen heroes who lie in Arlington whisper through the ages. We honor them not only because they are guardians of our liberty, but because they embody the spirit of service; a willingness to find meaning in something greater than themselves. And yet, at this moment—a moment that will define a generation—it is precisely this spirit that must inhabit us all.
For as much as government can do and must do, it is ultimately the faith and determination of the American people upon which this nation relies. It is the kindness to take in a stranger when the levees break, the selflessness of workers who would rather cut their hours than see a friend lose their job which sees us through our darkest hours. It is the firefighter's courage to storm a stairway filled with smoke, but also a parent's willingness to nurture a child, that finally decides our fate.
Our challenges may be new. The instruments with which we meet them may be new. But those values upon which our success depends—hard work and honesty, courage and fair play, tolerance and curiosity, loyalty and patriotism—these things are old. These things are true. They have been the quiet force of progress throughout our history. What is demanded then is a return to these truths. What is required of us now is a new era of responsibility—a recognition, on the part of every American, that we have duties to ourselves, our nation, and the world, duties that we do not grudgingly accept but rather seize gladly, firm in the knowledge that there is nothing so satisfying to the spirit, so defining of our character, than giving our all to a difficult task.
This is the price and the promise of citizenship.
This is the source of our confidence—the knowledge that God calls on us to shape an uncertain destiny.
This is the meaning of our liberty and our creed—why men and women and children of every race and every faith can join in celebration across this magnificent mall, and why a man whose father less than sixty years ago might not have been served at a local restaurant can now stand before you to take a most sacred oath.
So let us mark this day with remembrance, of who we are and how far we have traveled. In the year of America's birth, in the coldest of months, a small band of patriots huddled by dying campfires on the shores of an icy river. The capital was abandoned. The enemy was advancing. The snow was stained with blood. At a moment when the outcome of our revolution was most in doubt, the father of our nation ordered these words be read to the people:
"Let it be told to the future world...that in the depth of winter, when nothing but hope and virtue could survive...that the city and the country, alarmed at one common danger, came forth to meet [it]."
America. In the face of our common dangers, in this winter of our hardship, let us remember these timeless words. With hope and virtue, let us brave once more the icy currents, and endure what storms may come. Let it be said by our children's children that when we were tested we refused to let this journey end, that we did not turn back nor did we falter; and with eyes fixed on the horizon and God's grace upon us, we carried forth that great gift of freedom and delivered it safely to future generations.
Obama Inauguration & OE manipulation week
http://trend-signals.blogspot.com/2009/01/depressing-markets-going-into-obama.html
QQQQ: Trading above 30, Qs will trade to 31.50 in vst and to 34 r. Supports are 29/28.50
SPX: Trading above 850, SPX will trade to 890 in vst and to 950 r. Supports are 820/750
Trading below 820, it will retest the Nov low.
Monday, January 19, 2009
The Bank
The Bank scam: How to make trillions Scam - they succeeded it in 2007-2008.
http://www.imdb.com/title/tt0241223/
The Madoff case looks to be a decoy. Furthermore, the entire Home Land Security could be, among other reasons and excuses, a way to gather information to orchestrate a huge money making scheme which we have seen shorting several large bank big cap stocks -- it would be trillions profit from shorting stocks in specific sectors such as R.E. and financials.
For Obama, high hopes and a global honeymoon
God bless, America
http://one-nwo.blogspot.com/2009/01/u2-city-of-blinding-lights-live-at.html
How to judge if your credit-card issuer is being unfair or deceptive
Here, according to the FDIC, is a three-pronged test to assess whether a credit card representation, omission or practice is "deceptive." All three of the following conditions must be met:
Depressing OE markets going into the Obama Inauguration
Supports: DOW 8000, SPX 817, Nasdaq 1455, and Qs 28.
Earnings Will Be Bad, But What's Ahead Matters More
Black Swan Test:
Insightful comments, however, Farrell does not consider intentional manipulation of markets.
"Black Swans" are rare events with three defining characteristics:
1. The event is highly improbable and unpredictable
2. It will have "massive consequences"
3. And, afterwards, experts invent reasons why it was predictable, not random
Losing ES & Euro ~ re Euro Shares Turn Red, Led Down by RBS:
@ES 838.50 -10.00 -1.18%
Losing Euro ~ re Euro Shares Turn Red, Led Down by RBS:
Euro markets are losing blood again as usual.
The Doom/Gloom comments are the just same as what we are faced with in global markets -- Plutocracy which is the gap between rich and poor getting giant -- that concept applies to the corporations as well based on the Marc Faber's comment. Based on the primitive concept of survival of the fittest, the plutocracy is well fed starving the rest -- a totally contrary belief of Dr. Martin Luther King's belief which is helping oppressed as well as the Lincoln's belief.
http://www.cnbc.com/id/28730368
http://www.cnbc.com/id/28729696
Euro Shares Turn Red, Led Down by RBS
EUROPE, STOCK MARKET, EARNINGS, M&A, ECONOMY
Reuters
| 19 Jan 2009 | 08:58 AM ET
European shares surrendered gains and turned negative by early afternoon on Monday as banks extended losses, led by Royal Bank of Scotland, which reported the biggest-ever loss in UK corporate history.
The FTSEurofirst 300 index of top European shares was down 1.5 percent at 791.78 points, having been as high as 817.56 earlier.
Banks took the most points off the index, with RBS itself tumbling 48.4 percent.
Sunday, January 18, 2009
Major markets & SPX w
Daily charts show macd positive divergences after selling in light volumes during 6 trading days and buying with higher volumes during the last two trading days. Weekly charts have shown very weak positive momentums with macd positive.
Market sentiment is very pessimistic ahead of 4Q/08 earning reports as noted during Dec. With the recent pull back selling in light volumes, we had a warning of “embrace for impact” to pivotal supports at Inv H&S formations. Worse cases are regressively breaking the pivotal supports, retesting the 11/21 low, and trading to lower/low supports – e.g. SPX 741 and SPX 700 +/-.
Considering how pessimistic markets were going into inauguration day and intraday 60min bouncing up, Markets will likely provide some optimism inauguration rally on 1/20 - however, a breaking above the symmetrical triangle formations should be a confirmation as we can see bad "Inaugural History" statistics.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34905901
5 mins
Friday, January 16, 2009
SPX & Qs
Market sentiment is too pessimistic. It will be an interesting OE week with the Presidential Inauguration on 1/20.
As long as we see Obama admin decisive and direct actions taken to remedy economical and geopolitical issues, I believe that we are on the right track and we will see positive responses from many of us.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34875652
re Economic Challenges Facing President-Elect Obama
It is best to have definitive and swift actions taken against terrorism, Iran, eliminating prolific nuke development; and, for balancing trade deficit/budget deficit, etc. -- otherwise, we will waste energy to drag him and our nation down with massive misdirected effort and resources.