"Sick on my journey, only my dreams will wander these desolate moors." (Matsuo Basho's death poem)
This is not "Commie talk" people. If you are not one of the Forbes 400 you are either a victim or a victim-in-waiting because what do you think the 400 will do when the bottom 90% are bled dry?
Judging from the relative volatility and the extremely wide holdings of this find company with a near cult like following, if price action breaks it will break very hard - and this time there may be fundamental justification for it.
Come for a knockdown, drag out debate about the future of the global financial markets. More meat than a Carnegie deli pastrami. Floor traders please leave the brass knuckles at work. Commodities trades are required to wear shoes. Will the gold traders please leave your “wife beaters” at home.
Intervention. For the first time in a decade we're seeing multi-nation intervention to help weaken the Yen, as a beleaguered Japan works to recover from a multi-faceted disaster. Weakening of the Yen eases some of the strain on Japanese exporters, many of whom are being forced to keep factories closed due to power shortages and structural damage after the earthquake.
Excuse My Continued Lack of Surprise...
The US is now being run by an oligarchy, with lip service being paid to the electorate in allowing the people to vote for the candidates that the parties and the powers will put forward. There will be no recovery for the middle class until they assert themselves. I know I have stated this often in my tag phrase, “The banks must be restrained…”
During QE 1 (2009-2010) the Fed was pumping, on average, $50 billion or so into the markets per month. Today’s it’s north of $100 billion. And the stock market is nearly 100% higher than it was when QE 1 was announced.So stocks have doubled, but instead of lowering the liquidity infusions, the Fed has DOUBLED them. This alone should tell you that the Fed is losing its grip on the market. The fact it’s taking more and more money pumps just to keep the markets afloat should be a MASSIVE red flag for all investors.
A funny thing happened along the way -- just when investors got comfortable with the idea of a sure thing -- somebody or something pulled the rug out from underneath them.
If you have not made your year by now you are dead meat. Many of 2011’s big moves have occurred, and there aren’t going to be many fireworks for the rest of the year. Many asset classes are about to settle down into boring, predictable trading ranges. Unless you want to short the Euro. Stocks, gold, and silver are topping. (FX), (SPX), (GLD), (SLV), (TLT)
Traditional Green Banksta Cheer...
Some dramatic JPY strength overnight is pushing JPY crosses into in the short zone. USDJPY remains in the strong short zone as it has been for the last few months. GBPJPY has edged its way into the short zone, and although still in the neutral zone, EURJPY is not far behind. Developments with the Fukushima Nuclear plant could have a major impact on overall JPY positioning.
Right now there is a mass exodus out of the city of Tokyo. But not everyone can leave the city. There are over 30 million people living in and around Tokyo. So where in the world could you possibly put 30 million refugees?