Archive - Mar 8, 2010 - Blog entry

U.S. regulators are encouraging public pension funds that control more than $2 trillion to inject capital directly into the banking system by buying failed lenders, Bloomberg said, citing people briefed on the matter. Is this the next huge financial blunder? Sure looks that way...

High-Low range comparison, Fibo time cycles & volume analysis charts of the S&P 500, ES & SPY. A bottom-line market outlook for prop traders, portfolio managers, market makers & individual investors. At day's end, if you are still trying to chase the Jones' performance off March '09 lows, what the hell else is keeping you invested in this Russian roulette equity crap-shoot? Please, please don't "invest" like Buffett, but do heed the gist of his approach to selectivity (shared in 1999), which essentially posits that ...

What's up at CISCO?

"We may have to sacrifice just two more jobs to get millions back for Americans."

A lot of conflicting data came in last week. There is a lot of positive news, but does it all add up to a recovery or is the cyclical recovery headed for a stall? Nothing has changed the underlying conditions that would relieve the credit freeze. And without credit, the economy will stall.

There is a rational explanation why the public-at-large still grants a great deal of validity to the opinions of people I like to call the “men who cry wolf” – Ben Bernanke, Timothy Geitner, Gordon Brown, Alan Greenspan, et al. It is because the fastest growing export of the Western banking industry (and governments) is now fraud.

It is time to start scaling into a major short in the yen. The Euro/Yen cross is pointing the way. The prospects of Japan raising rates are nil. The government’s pool of lenders is drying up. The savings rate is plummeting. The bill for the world’s worst demographic outlook is coming due. Macro investing at its finest. Look for ¥120 in a year. (YCS)