Archive - Apr 12, 2010 - Blog entry

Critics accuse the Canadian government of denying pension woes, and stalling on pension reform. But there are vested interests among all Canadian MPs to maintain the status quo as they line up to hit their pension jackpot.

We were too late to set up Zero Hedge world headquarters in Bicknell, Indiana.

IMF says Italy is right on track. Okay, but which track would that be? More facts thrown at you that probably hurt if you believe the soundbites in the media..

Delinquency rates up, Cap rates up, Macro outlook down, CRE REIT equity prices up. Sounds about right!

As long as man has lived, man has always been keen to commit grand acts of deception on his fellow man. Joseph Goebbels, Hitler's Propaganda Minister said, "The bigger the lie, the more it will be believed." The theory of global warming caused by carbon emissions is likely to be another one of these great lies. But the greatest big lie of all, in my opinion, is our global monetary system and the suppression of gold and silver prices that aid and abet this lie.

Russia and China have also formed alliance to help each other increase their clout in global affairs. Underneath the geopolitical and trade pacts, this newly elevated Sino-Russian alliance seems to also suggest the beginning of an economic paradigm shift for both countries.

Enter the announced Greek Bailout that doesn't bailout! Greece's problems are much, much deeper than the mainstream press is revealing. Let's walk through the latest bailout propaganda then step through a few facts that should embarrass anyone even considering buying those Greek bonds.

With an initial bailout of Greece 'out of the way', many market pundits will proudly proclaim the bear market slain. An initial pop monday morning will likely stoke fears of "missing the next leg up." Friday's end-of-day buying surge into the close raises the odds that the market begins the week with strength, but the real test will come when the S&P 500 cash (INX) tests 1,200 and the DJIA (INDU) 11,000. The US Dollar (DXY) plotted a daily FNH (failed new high) this past Thursday at 81.91 before rolling over. Barring a 3-day reversal pattern back up above 81.6, Uncle Buck will likely digest his gains into mid-May after having rallied for four months straight. Ten explicit stock trade setups for GNW, LNC, PFG, RDC, IBB, EMR, HST, AONE, SKYW & APWR.

Iceland, Dubai, Greece ... Portugal ... JAPAN?