Archive - Oct 2010 - Blog entry

Canada is a strange country. We extol our health and education system but the reality is we do very little to promote lifestyle changes that prevent diseases, starting with educating people on proper diets and exercise programs.

Ben Bernanke has privatized the upside of the global stock, bond, currency, commodity, energy, and precious metals markets, and socialized the downside, with his much publicized move towards quantitative easing. While former Treasury Secretary Hank Paulsen spoke about a bazooka in his pocket, Helicopter Ben is hinting that he has a 100 megaton thermo nuclear weapon.

After a bad opening, there is hope for the middle game. After a bad middle game, there is hope for the endgame. But once you are in the endgame, the moment of truth has arrived. - Edmar Mednis (Grandmaster)

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.

To the tick tock and the market doesn't stop, as even though the jobs report continued to color the economy bad, the shit awful numbers signal that Benny B is going to come in and sex the market up with QE2, so rally on my friends, rally fucking on (and yes, the rally makes about as much sense as Money McBags' using a shitacular 1990s song for an extended metaphor, but alas, not every Money McBags analogy can end with Taylor Rain going 5-hole, or can it?).

It’s not the foreclosure affidavits only. Hello? It’s the whole kit-n-caboodle. it’s the fabricated assignments of mortgage, fake allonges, robo-stamped endorsements in blank, and satisfactions of mortgage, ignoring SEC and IRS regulations, disregard for the steps required by the REMIC rules. It’s all the top national banks and their servicing arms. The whole of it is a sham. Don’t believe the propaganda that insists otherwise.

Then they got cute and produced either the actual note, a copy of the note or a forged note, or an assignment or a fabricated assignment from a party who at best had dubious rights to ownership of the loan to another party who had equally dubious rights, neither of whom parted with any cash to fund either the loan or the transfer of the obligation. . . .

I have to believe this is happening. The only question is,"How much?"

Canada's Ontario Teachers' Pension Plan and Temasek, Singapore's sovereign wealth fund, are plotting a bid to spoil BHP Billiton's $39-billion (U.S.) hostile offer for Potash Corp...

What important sights should every good Banksta see when visiting our Nation's Capital? Its all right here on this handy pocket map.

The Commitment of Traders Report is created by the CFTC – The Commodity Futures Trading Commission and is published weekly every Friday. This body gathers and publishes the open futures positions on all publicly traded US futures contracts as well as the corresponding options. The data consists of 3 main categories.

A number of short term technical and momentum models start flashing red lights that gold is entering extremely overbought levels. Is the momentum waning?

The conservatives are trying to brand Obama as the devil. Dinesh D'Souza has concocted a silly theory about Obama's anti-colonialist rage. But it's a lot simpler than that. He, like his fellow leftist liberals, are just working off the progressive playbook. No big conspiracy needed because that's what a lot of kids are learning every day in mainstream academia.

The rush back into commodities after the jobs report indicates that this inflation trade still has some major support and legs by investors.