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Something is Fishy... Is the Fed Leaking Info Again?
Something fishy is going on in the markets. Stocks are holding up relatively well this morning, while the credit markets deteriorate. That the market could digest S&P putting Austria, France, and Germany under credit downgrade review this easily is a bit much to stomach.
We know that the Fed and other Central Banks have a tendency to leak information to certain friends in advance, so I cannot help but wonder if stocks are showing this strength based on someone knowing something we don’t.
Alternatively, this could just as easily be stocks showing their usual cluelessness about the true state of affairs in the financial system as traders gun the market higher for whatever misguided reason they come up with.
For certain, all eyes are on Europe where Merkel and Sarkozy continue to claim they have reached new agreements, only for it to be revealed that in point of fact they haven’t come up with anything new, nor are their proposed solutions A) viable or B) palatable to other EU members.
There is a price for kicking the can time and again: every day Germany continues to play with the idea of backstopping Europe is a day it creeps closer to losing its AAA rating. Germany already sports a real Debt to GDP of 200% (when you include unfunded liabilities) and has yet to recapitalize its banks.
Moreover, the German populace will not tolerate either Eurobonds or money printing from the ECB. So all proposed ideas so far won’t fly with German voters anyway (to say nothing of other EU members who will not be too excited about a German-lead Europe).
In other words: so far no one has any REAL solutions. So unless someone is about to unveil a REAL new proposal, stocks are misguided in their enthusiasm here.
Regardless, this is a very dangerous market environment and one that needs to be traded with extreme caution. Only those in the know can guess the Fed’s day to day moves. We’re not in that crowd.
However, big picture, nearly every indicator is pointing towards trouble ahead. The issue is whether we’re going to see another intervention before the stuff hits the fan. But things have reached a critical point in Europe. And we’re now getting some staggeringly bad data out of China as well. Barring more interventions, the trend will likely be down.
For more insights, market commentary, and FREE Special Reports swing by www.gainspainscapital.com
Sincerely
Graham Summers
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Timmy is in Europe now offering IMF cash so Barry can look good for the election. This is the problem.
At what point did you think they WEREN'T leaking info to their pals?
don't forget to go to my website and check out my FREE special report too! ............and the paid ones while youre at it.
don't forget to go to my website and check out my FREE special report too!
Certainly plenty of info leaking confer last week rally as soon as Monday on info from Wednesday, 2 days later...
It took WTC buildings 1,2 and 7 to implode and crash down in 12 seconds flat.
WTF does it take for the WallStreet banksta scum to do the same.
Momentum is fading, the equity markets are nearing a turn.
It's a leaky boat, lads, and they're all in it together. So one isn't going to be able to bail the other one out, and visa versa. It's all goin' into the shitter, mates. The strongest charts are IBM and Gold, in that order. The rest of it is wavering, and I wouldn't bet on IBM.
Hey there sheeple!! This is DJ Ben on WFED spinning out the biggest economic frauds the world has ever seen! DJ Ben says buy dem BONDS! Buy dem STOCKS! Go crazy in them shopping malls! You might as well spend it now before I steal it from you a penny at a time. DJ Ben got your back bros! I got a printer that can manipulate any market and manipulate all you sheeple. DJ Ben says "Fraud is GOOD!"
I'm old 'cause I was born in '48 and poor 'cause I'm divorced :)
The one smart move I made was gettin out of the market in '06. I've been 100% in gold, silver...and food, ammo, and "stuff" for a long time. I just hold enough cash to take care of contingencies.
Biding my time till the fiat money system collapses...I'll be in my element then
YeeeeHawwwwwwwww!!
I am a little bit younger chronologically, and I managed to dodge the divorce bullet, but otherwise...
You might be here from LewRockwell, Woodpile, Survivalblog. DHS surveilance? All good. (DHS can go FUKK themselves...RAZZ)
I got my "junk silver" at face value. Coin collector..;-)
Got your BOL? You living there?
Hoping for the best, preparing for the worst.
MBW
We are contemporaries... in several ways.
Something is leaking from the Graham Summer bilge pump. Wait - it's just another ZH post from him. Nevermind.
Seriously, what could they possibly do that would have any lasting and real effects on the global economy?
Sure they could pump stocks following the propaganda again but even that is wearing off.
There's no solution and there's no plan. The liquidity injections are going to postpone Armageddon by a few years.
And then there's peak oil and the fact that our economies over the last century were built on the discovery of oil and it's applications.
Whatever rabbit it may be that Ben is pulling out of his hat today, tomorrow or next week.. that rabbit is stew in short order.
the daily macd is going higher, and the hourly macd is going up, doesn't mean we won't go down more, just means going up to go down. in general when the daily macd is going up, don't fight the hourly. we are still over bought on an hourly basis (rsi) but that's the way things work,
OK dude, you don't understand the fed. the fed doesn't like to surprise the markets, for them it's not leaking, but mananging expectations so the marklet can adjust to their policies. That's why they publish the pomo shcedule, how else could the boys front run.
20 they have a dude there whom everyone communicates with in an expert network manner, so it's done on purpose.
I really wish I could do the search, but the whole pilospjy of the fed is in fact to leak. it creates, stbility (lol). of course it does the opposite as per the taleb paper
shark chum, anyone?
You have stocks and gold as your two choices. Dumb money will go to stocks first. Then it will chase gold later when stocks don't work. Its a currency trade out of debt backed paper currency, but dumb money doesn't know that yet. CNBC doesn't cover anything related to economics.
Timmy dialed up the Eurozone and said "Don't worry, we have unlimited binary database liquidity for you."
When they can create capital out of thin air there is no need for solvency or real solutions to real problems.
They just need a little more time to rob the working people of the world of their hard assets and propagandize the meaning of "bankrupt" to apply only to individuals who aren't game for the ponzi.
The market will go up. I just shorter the Dow. The fed will steal the remainer of my money. I don't care if they do for the money will be worthless anyway if the markets zoom higher. Fuck America Fuck it all. Via revolution!!!
is S&P really that relevant?
APRES NOUS LE DELUGE
A deluge of an unprecedented magnitude is both inevitable and imminent. The consequences of the economic and political mismanagement will have a devastating impact on the world for a very long time. And the consequences will touch most corners of the world in so many different areas; economic, financial, social, political and geopolitical.
http://www.mmnews.de/index.php/english-news/7423-apres-nous-le-deluge
paranoia will destroy ya.....
Fuck off Ben
It is end game for fiat currency. All are waiting for the re-set that must happen...
no need, more bad news as usual, you don't need any bankers to know that.
http://expose2.wordpress.com