Archive - Oct 2010 - Blog entry

Ben B is going to buy a Trill in bonds for a 1/2% boost in GDP. SSA just took that away from him.

My theory of currency relativity sufficiently exposes, as frauds and charlatans, Geithner and other Western bankers that have created, as a diversionary tactic to bury the truth, an artificially divisive East-West hostilities among the serfs that inhabit their kingdoms. Despite Mr. Geithner’s attempts to convince the world that the Chinese yuan is insufferably weak compared to the other world’s major currencies, the below charts expose that, well, a fiat currency is a fiat currency is a fiat currency is a fiat currency is a fiat currency.

The media is staring at the wrong target. Each major media outlet is copying what is popular or what the next outlet broke as a story versus where the true economic risks actually lie. Here's what's truly at stake – the United States is now at risk of losing its hegemony as the financial capital of the world!

The big banks are saying that these are simply "procedural defects" which don't affect their ability to foreclose.

Are they right?

This daily report is designed to help traders find opportunities to trade against this group. The premise is very simple we are looking for 66% of retail traders to be trading either long or short a currency pair, we then look for opportunities to fade (trade against) this group. For example if 72.99% of traders are long the USD/CHF we look for opportunities to short that pair. The pairs that we feel offer the highest opportunity for success are described in the Shortand Long Zones.

"And in the last analysis, success is what matters--Adolf Hitler"...

I know I will be accused of engaging in dangerous hyperbole by making this comparison. Allow me to differ...

It was a quiet day on the Street as the bond markets and federal offices were closed to celebrate one of the greatest threesomes of all time, and no, Money McBags isn't talking about the Three Stooges, the Dahm triplets or that scene in Meggann and Hanna love Manuel, he's talking about the voyage of the Nina, Pinta*, and Santa Maria as today was Columbus day so hopefully you all coughed in to a blanket and handed it to your neighbor in order to celebrate.

In a profession where you are only as good as your last trade, the question arises of what to do now? I look at moves like these and my inner trader says “run, Forest, run!” Mean reversion has the nasty habit of taking profits away. Is QEII (the monetary kind) already priced in, but may not happen? What’s a poor trader to do? Better to lock in that performance, keep you powder dry, and live to fight another day.

Of the 67 or so people who own homes in our group of “average Americans,” 16 (roughly 24%) of them are “underwater,” meaning they owe the bank more money on their mortgage than their homes are actually worth. Another five out of this 67 have lost their homes to foreclosure since the Depression began in 2007. Add to all of this the facts that Americans’ second most common source of wealth (stocks) haven’t returned anything in over a decade and that incomes today are 5% lower than they were in 1999 and you’ve got a pretty bleak picture for the US economy and Americans’ quality of life.

Eric Schmidt, Google CEO, claims that Android is making money and envisions a potential $10 billion market. However, despite the impressive Android number, keep in mind that the free open source means zero revenue for Google. So in order to evaluate if Android will be the next big revenue stream for Google, one needs to get past the initial excitement arising out of the handsets growth projection.

FINRA not only failed, but the question that needs to be fully explored is whether it acted on material, nonpublic information as it liquidated its ARS bonds in 2007, at the expense of the investors it was supposed to be protecting.

PART DEUX. President Obama is a victim AGAIN of the robosigning phenomenon that has taken the financial industry by storm... And it has been happening for OVER A DECADE behind the veil of MERS... Next up, how to look up the records for your local representatives and judges so you can show them that they have been affected by these crooks too...

As the Joker says in the "what plan?" link above - Nobody panics when things go according to plan, EVEN WHEN THE PLAN IS HORRIFYING!

This was just forwarded to me by a close friend howling in a fit of rage. She is normally quite reserved, so I thought I'd better share this with all of you fanatical ZH Mary Schapirophiles!

Over the last two weeks, I’ve called for a reversal in stocks. It seems I’ve completely underestimated the ability of the Federal Reserve and its Primary Dealers to ramp the market higher on next to no volume.

Indeed, stocks have soared in the last six weeks, posting their best September performance in 71 years and rising roughly 12% from trough to peak. This surpasses even July’s monster rally of 11.1% from trough to peak, stands as the most aggressive rally since the April 2010 top.