H & S correction ~ Sell, Sell, Sell ~

$COMPX 2135.18 -85.47 -3.85% 2,776,744
$INDU 9870.30 -268.22 -2.65% 1,679,162
$INX 1041.24 -33.33 -3.10%

• • Wednesday: Rough Quarter on Wall Street Comes to An End

    Call it window 'undressing.' Stocks took a beating in the second quarter, and the final days are bringing out the worst. Don't be Fooled by Market Gloom Selloff Aside, S&P Actually Bullish?

  • Bank Tax to Be Killed for Passage of Financial Overhaul
  • US Crisis Panel to Examine Goldman, AIG Ties
  • BofA Reclaims Top Spot in Capital Strength: Study
  • Verizon Stock Briefly Spikes on Report of iPhone Offer
  • US House Backs Homebuyer Tax Credit Extension
  • Citigroup Trading Halt Triggered by New Circuit-Breaker
  • Kudlow: 'Double-Dip' Trade Is Probably Overdone

  • World's Most Expensive Places to Live 2010

  • Faulty Computer Suit Is Window to Dell’s Decline
  • Can US Stocks Regain Mojo After a Disappointing First Half?

    US stocks plunged in the second quarter, wiping out all the market's gains for this year. Even so, US stocks have still been a better investment than foreign stocks. Stock Values Are 'Better Now,' Big Rally On the Way: Cohen

  • Consumer Confidence Drops In June On Jobs Worries
  • Economic Worries Keep Bond Yields Low: Economists
  • Home Prices Rose Sharply in Final Days of Tax Credit

  • World's Most Expensive Places to Live 2010

  • Is Home Ownership an American Right?
  • Fannie-Freddie Bailout Could Cost Taxpayers $1 Trillion

  
  

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• • Fannie-Freddie Bailout Could Cost Taxpayers $1 Trillion

    For American taxpayers, now on the hook for some $145 billion in housing losses connected to Fannie Mae and Freddie Mac loans, that amount could be just the tip of the iceberg.

  • European Banks Make Me Nervous: Naill Ferguson
  • Europe Double-Dip May Bring Correction: Roubini
  • Spanish Banks Rage at End of ECB Offer
  • Wall Street Bill Seen as 'Too Big to Fail,' Delay Looms
  • Google to End Automatic Rerouting from China Site
  • Faulty Computer Suit is Window to Dell’s Decline
  • Taiwan and China Sign Landmark Trade Deal
  • Russia Awaits US Explanation on Spy Case
  • China Labor Unrest to Speed Up Automation Trend
  • Wall Street Hiring Picks Up As Rest of the Nation Lags
    • Life After Wall Street
    • Top Entry-Level Employers
  • Oil at $100 If Dollar Doesn't Jump: BofA
  • Your First Trade for Tuesday
  • Dow 30: Extra-Hour Quotes
  • G8 Communiqué Is 'Drivel': Economist
  • Shanghai Leads Asia Down

• Europe took it on the chin as well, with major markets down 2% or more.
  
  Britain's FTSE 100 -2.0%
  France's CAC 40 -2.5%
  Germany's DAX -2.4%
  
  Moreover, the euro is plummeting back towards its lows, with EUR/USD down to $1.2187 as shown in the Finviz graphic below. In contrast, the dollar index (DXY) is up half a percent to 86.10, though still below the recent peak above 88.
  
  
  
  Spanish ten-year bond yields are rising, but remain below their recent peak. Yet Greek 10-year bond yields appear to be charging higher again and are now at 10.66% as shown by Bloomberg below.
  
  
  
  U.S. futures aren't liking any of this, already pointing to more than 1% declines for major indices.
  
  

American nightmare of Bernanke-Greenspan

Financial terrorist Bernanke-Greenspan snake manipulation bankrupted millions of Americans and now bankrupting the nation using market manipulation and lies. How many times, Americans have to be fooled into the financial terrorists who are bankrupting many using market manipulation. Obviously, Bernanke snake will hype markets until he is sealed with the Fed confirmation and distributed his trillions of stock inventory which is deadly poison along with other trillion funds in the markets. As markets trade higher, Bernanke snake poison level is getting higher. We should not be fooled into the repeated manipulation and lies.

• • Pending Home Sales Down, But Still Higher Than Year Ago

    Pending sales of previously owned U.S. homes fell more than expected in November because of the end of a rush to beat the initial expiration of a popular tax credit, a survey showed on Tuesday. Bartiromo: Real Estate Shoe Dropping?

  • US Factory Orders Rose 1.1% in Nov.

  
  

SPX daily & weekly

Some know who and how a few obtained billions and trillions.

• US Growth Prospects for New Decade Weak: Economists

  A dismal job market, a crippled real estate sector and hobbled banks will keep a lid on U.S. economic growth over the coming decade, some of the nation's leading economists said. Latest Jobs Data Point to Happy New Year

• Fed Can't Rule Out Rate Hikes To Pop Asset Bubbles: Chief

  Fed Chairman Ben Bernanke said Sunday that tougher regulation would have been the best way to restrain the housing bubble but would no longer rule out rate increases to prevent another crisis. Economy 2010: 'A Pitiful Snapback'

• Jobs Bill: Will Billions More Really Spur Employment?
  • Latest Jobless Numbers Point To Happy New Year
• Did Mortgage Relief Program Make Housing Crisis Worse?

  The $75 billion program to protect homeowners from foreclosure has been viewed as a disappointment, and some experts now contend it has done more harm than good, the New York Times reports. Billions to Fight Foreclosure, but Few New Loan

• 
  For Investors Who Also Saved, It Was Hardly a Lost Decade

  Even those who started with a low six-figure balance could have doubled their total savings in the last 10 years, the New York Times reports. Latest Jobless Numbers Point To Happy New Year

• As Crisis Fades, Banks Are Clinging to Old Ways
  • Wells Fargo Grants Stock Bonuses to Top Execs
• American Air Probed After Three Bad Landings: Report
• Week's Bond Auctions Show Lingering Need for Safety
• Time Warner, Fox Extend Deadline In Cable Fee Talks
• 2010 Tech Rally: Which Companies Will Lead the Way?
• Berkshire Hathaway Blows Out S&P 500 for Decade
• Google Executive Running to Be Vermont's Governor
• A Year of Goodbye's: CEOs Make Their Exits in 2009
• Seven Businesses That Did Not Survive 2009
• Porn's Tech Frontier: 3D and Peripherals

• The Most Valuable Actors of 2009

• Amazon May Pay for Touting Kindle Without Details

12.23.2009

Major markets already rallied 60%-80% literally stealing right out of US Treasury.

• • Look Ahead: Wall Street Waits for Santa Claus as Year Ends

    Many traders expect a rally to drive the market higher through year end. But the big questions are what does the first quarter bring when absent investors return to their desks? And what do investors do to prepare for that?

  • COP15 Failure? Obama Says Disappointment Justified
  • Check Your Mail—Credit Card Changes Are Coming Soon
    • Slideshow: Ten Tips to Get Out of Debt
  • Homes Being Stripped Just Ahead of Foreclosures
  • Fast Money Pros Make Bullish Bets (Mostly) For 2010
  • Blizzard, High Winds Expected to Slam Midwest

No more melt-down of financial markets since there is no more sheepsters to slaughter, but millions of sheepsters are bleeding now as what is going on in American household has a very little correlation to how financial markets are manipulated using economic and financial market speculation.

Regarding TS Geithner comment, given the nature of market bubble/crash manipulation designed with the repeal of the Glass-Steagall act to profit billions and trillions from multi-decades American wealth, it is obvious that we will not see the similar financial melt-down shorting market activities again as millions of Americans are bankrupted already. However, we will see more bankruptcies and foreclosures.

• • Housing Takes Hit With 7 Month Low in New Home Sales

    Sales of newly built U.S. single-family homes unexpectedly fell to their lowest level in seven months in November, data showed on Wednesday, dealing a blow to the housing market's recovery. Personal Spending Edges Higher

  • Consumer Sentiment Improves in December: Survey
  • Full Housing Crisis Effect Yet To Be Felt: Economist
  • Slack Credit Markets Weigh on Economy: Rogoff
  • Mortgage Applications Drop to 2-Month Low
    • Mortgage Rates to Head Up in 2010

  • Drop The Fears of China Soiling Volvo's Reputation

  • Next Health Reform Showdown: House Versus Senate
• Income, Spending Edge Higher as Consumers Claw Back

  U.S. consumer spending rose for a second straight month in November as incomes recorded their biggest gain in six months, boosting hopes of a self-sustaining economic recovery. A Recovery By Any Other Name

• Full Housing Crisis Effect Yet To Be Felt: Economist
• Mortgage Applications Drop to 2-Month Low
  • Mortgage Rates to Head Up in 2010
• Geithner: There Will Be No 'Second Wave' Crisis
• BlackBerry Outage Cripples Networks Again
• Bonds Value Secretive Commodities Trader at $35 Billion
• Ford, Geely to Sign Volvo Sale in First Quarter 2010
• Hollywood Gets $10 Billion Christmas Gift in 2009
• American Airlines Jet Runs Off Runway in Jamaica
• Credit Unions Cash In on Americans' Banking Backlash

• Biggest Value Swings for US Housing Markets

Weather can be controlled for a short period

A reasonable speculation can be made that the recent snow in N.E. setting new record was designed by the Washington. My guess is it was designed by the Washington. We have R & D centers for weather control in major universities and government entities around the world.

It is possible with a high probability that weather can be manipulated for a short period.

The Times December 23, 2009 The inconvenient truth about climate change

Could China's single-party system deliver the kind of carbon reductions, by decree, that are proving so elusive? http://business.timesonline.co.uk/tol/business/columnists/article6965679.ece

The Global Problem - Greed

The world is criminal filled with "Greed": As the Bible says, "Greed" is the root of all evil, and we are seeing the effects around the world - the End of the world. http://beautifulbible.blogspot.com/2009/10/god-vs-mammon.html

After literally stealing trillions from Americans, we are still hearing noise and decoy about the housing markets. While it is easy to manipulate financial markets, R.E. markets will take decade to reoccupy and to regain the level prior to the bubble crash.

• MBS Buyback Program Should be Extended: Fed's Bullard

  A senior U.S. Federal Reserve official said its mortgage-related assets purchase program should be extended to help the economy recover from a painful recession. Mortgage Applications Drop Even as Rates Fall

• Russia has now turned into a "criminal state", according to the man who was once its leading foreign investor.

  Bill Browder of Hermitage Capital was reacting to the news that his lawyer had died in prison in Russia after being held for a year without charge. He told the BBC that his lawyer, Sergei Magnitsky, had effectively been "held hostage and they killed their hostage."

  Through Hermitage Capital Bill Browder campaigned against corruption at some of Russia's largest companies. http://news.bbc.co.uk/2/hi/business/8372894.stm
  

The problem which we are facing is not "size" of banks, for example, but THE REAL PROBLEM is GREED. When we control "greed", we will be heading to right path which will promote integrity, security, world peace, and other benefits of being fair and just.

Buffett noted "Greed will always exist" during the interview at Columbia University -- and as I noted before, he is a part of the world problem associated with Greed as we can see it in the world history. We need to control greed to fix long term problems around the world. To control "greed", we must see "effect regulation" as greed is a root of all evil, corruption, immorality, and all ill-wills around the world.


http://trend-signals.blogspot.com/2009/11/how-to-fix-america-and-world.html

While Bill Gates is certainly genuinely brilliant and generous, Buffett is inconsistently hype continues, for example, he is saving pennies while he is puffing up Americans to spend until going bankrupt. His giving away money to Gates is exceptional even though the means which he gained the money is ruthless.

• Warren Buffett & Bill Gates 'Walk & Talk' at Columbia University http://www.cnbc.com/id/34096786
  

To Buffett: Don't fool around with Eternity.

• Buffett: Don't 'Fool Around' With the Fed's Independence

  In an exclusive Web extra, Warren Buffett tells CNBC he doesn't want Congress to "fool around" with the Federal Reserve's political independence, because it could lead to "a lot of mischief."