Welcome to earnings Q4 season

[psyche doctor]

The momo stopped at the 50% fibo line and is divergent. Either friday was the throw-over top or it is just ahead somewhere between here and 1230 IMHO. Next week we have 70 B of new treasury supply hitting and the historically negative Jan. OPEX.

 

Even Carl Swenlin is getting bearish, although not long-term: Linkage here: STILL NO DECISIVE MOVE Chart Spotlight

 

"One would think, after a three-week hiatus, that there would be plenty to write about the market. But there isn't. The S&P 500 has drifted higher in an ever-narrowing ascending wedge pattern, making little progress. Since the mid-October top, the S&P 500 has only gained about 40 points. You can see on the chart that the price index has kind of oozed above the top of the wedge, but only by a tiny amount, and certainly not decisively. In my opinion, the ascending wedge has not yet been resolved, and the most likely resolution will be to the down side."

 

 

 

"Regarding the wedge and the throw over: If the wedge is to break down, the throw over shows that bulls are betting on an upside break and are piling in the ship. Once enough are on board, they will provide the needed downward momentum (fuel) once price starts to break down." - psyche.

[phatbubble]

The momo stopped at the 50% fibo line and is divergent. Either friday was the throw-over top or it is just ahead somewhere between here and 1230 IMHO. Next week we have 70 B of new treasury supply hitting and the historically negative Jan. OPEX.

Have the same count here. I'd say we're in a pretty big crowd at this stage.

 

Seems like C has been going on forever. Bob Dylan's Endless Zigzag Tour.

 

Another more bullish option is that all of this move from Mar 09 has been A of 2, the B of 2 correction will start shortly, and C of 2 will push to higher highs (there, I said it)....after which the next big leg down will get underway.

[psyche doctor]

Another more bullish option is that all of this move from Mar 09 has been A of 2, the B of 2 correction will start shortly, and C of 2 will push to higher highs (there, I said it)....after which the next big leg down will get underway.

 

I think that it is highly possible that this current rally is an A wave and the coming correction wave B, then, wave C up will start, which will savage the shorts and enamor the bulls and get everybody really complacent in preparation for the bottom to really fall out in a death dive for the ages.

[Dharmaeye]

I think that it is highly possible that this current rally is an A wave and the coming correction wave B, then, wave C up will start, which will savage the shorts and enamor the bulls and get everybody really complacent in preparation for the bottom to really fall out.

 

Just like 1971 with the fall into the end of 1974 being the end of the bottom falling out.

[bundys_dodge]

After the failure to pay taxes helped his confirmation, following revelation further increases Geithener's job security:

 

http://seekingalpha.com/article/181530-aig...the-smoking-gun

[jickiss]

jickiss is back!

 

 

 

jickiss is back!

 

 

and,

 

to continue to re-inforce the Idea that is is a bit too soon for the Monster move down in da Broads, and for da Monster move up in Gold and Silver,

 

your jickiss Presents the now forming Tea Cup and Handle formation in CEF (you know, the Gold and Silver Asleep in Canada that has been audited and really exists) (It all hinges for the heads on the meaning of the Word Exists (your losses do not exist until the day that you need the cash....this is called Mark to Cash!))

 

anyway,

 

if CEF is forming a Tea Cup and Handle Formation, well, you know that Gold and Silver will ZOOOOOOOOM up big time in Twenty Ten.

 

(Thimk CDE at Fiftay!)

 

ps. Doc, Mr. Vick is back in the League, and was himself never convicted of bite-ing......Mr. C, now dead for many years told your jickiss something that your jickiss has been turning over in what is left of the mind of your jickiss ever since. Now, Mr. C was a Philadelphia Irishman, and for sure, an he knew Everybody so he did not usually speak like an Englishman, but he said once to your jickiss that is is always better to "be a Big Man." This is, of course, an English Idea, but the Irish would be running the world if they could have ever stopped fighting and put down that stuff that floats in the bottom of a glass, as could many others....Of course, you know that the English have kept them Fighting, but that is another story. Mr. C was, is, and ever shall be correct. HST did not get this teaching, and hellfire called the tune those 2 days, and when Japan falls to China, you will know that Mr. C was correct, and right about this, too. JFK probably got it, but he got it before he could prove that he got it.

 

Thimk! Talent is a gift. Big Men know when to Stop enforcement. Real power involves Stopping. It is a paradox, but your jickiss wishes that he could bring back Mr. C and say: "You, sir, were Right."

 

Tea Cup forming:

[jickiss]

jickiss is back!

 

 

 

jickiss is back!

 

 

and here is a snippett from this Famous Guy in New England. This boy is so tough, he will probably live to 200. Anyway his position is that the Spoozer is "Overvalued" and your jickiss on the one hand agrees, and on the other says, so was the US Doolar ever since the Gold Window was shut!

 

When? is what the poodits refuse to say. When??? Buiddha? When will something happen????

 

"Jeremy Grantham, 71, the founder of Boston money manager GMO who warned that housing and stocks were widely overvalued a few years ago, thinks investors should tread carefully. According to his latest letter to clients, he thinks the S&P is fairly priced at 860, nearly a quarter below where it's trading now."

 

snippet above is taken from this linked article:

 

http://finance.yahoo.com/news/Main-Street-...ml?x=0&.v=4

 

ps If they did not break your jaw in a real Prep School, then you will not know how to properly pronounce Mr. Jeremy Grantham's last name.

[psyche doctor]

Just like 1971 with the fall into the end of 1974 being the end of the bottom falling out.

 

 

Maybe, but I think this death dive will be much worse. I hope it isn't for civilization's sake, but we are much further along in the bubble syndrome and the repercussions more severe. I could expound upon this, but that appears to be shorty's domain.

[psyche doctor]

This was a snippet taken from the article that Jickiss referred to in the post above:

 

"So far, the market's comeback is almost entirely due to buying by professional investors at hedge funds, pension funds, banks and other institutions.

 

"We've never seen this before -- such a huge rally, and the little guy is out," says Vincent Deluard, a strategist for TrimTabs Investment Research, a Sausalito, Calif., firm that tracks mutual fund flows to get a sense of what individual investors are doing."

 

 

 

 

Personally, I think the statement above really says a lot.

[SBD]

patience bearz, the AAPL situation actually looks pretty good

 

 

That's a nice chest and shoulder pic!

I mean nice head and shoulders chart.

[jickiss]

jickiss is back!

 

 

 

jickiss is back!

 

 

and,

 

this being Sat. afternoon and it is time to go to the Acme in Newtown Square, (wind chill still around 9 degrees, to go or to not go?...)

 

there is time to type to Shorty; to wit:

 

Dear Shorty, your easy math analysis of the Coin that is needed to be the "Biggest Player in the Spoozer" is Most Excellent, and it should be required to be Recited by every PhD Candidate in Economics at Every University on Planet Earth, and If they get it Wrong, well, make 'em Study More! (or Shut 'em Down, you decide....).

 

now, not to cause you to do "Over Work," but, for sure the Futures Markets for the Zombie and for the Long Bonds of the Trashury are Much Bigger than those of the mere Equities....

 

is there an easy to do MATH (as in the Simple Math Exercise for da Spoozer) Exercise that you can provide on the Fixed Income Area, in line with your Spoozer work? After all, it was Doc himself who said that da Zombie, (as a for instance, your jickiss fears to over-generalize about any topic that really matters) has not been easy to analyze based upon standard Technical Analysis.......

 

Perhaps and maybe you can show just how much Coin it takes to manip the Yield Curve. To the knowledge of your jickiss, no where has such a Simple Math Analysis ever been done, and posted on the Web. your jickiss knew well one individual, who as early as the mid 1980s suggested that the study of such matters should be Quite Vital and profitable. This boy was a Wharton guy and Harvard MBA, and was one of the first Quants on the Street. Very secretive, and very well off, now living in S. Kali, Insane Diego, actually.

 

Stoolville Expects, after all.....

 

Tanks Shorty for being the anal cyst that Takes His Results Seriously, but can Laugh along the Path....

 

to????

 

ohmigod!

 

 

Best regards,

 

jickiss!!!!!!!

[Trader Joe]

For those that follow YRCW....good read....snip below to whet your appetite

_______________________

 

This was exactly what was happening in the case of YRCW.... Goldman (Sachs) et al seemingly forcing the country's biggest truck company into bankruptcy in order to get pay-offs under CDS, with 50,000 jobs at stake.

 

Hedge fund entrepreneur David Einhorn, who denounced the malign practice at an investors conference earlier this year, claims that "basis packaging"? has already been a major contributor to the bankruptcy of companies such as Abitibi-Bowater, General Growth Properties, Six Flags and even General Motors. ...How many real businesses have to fail before policy makers decide to simply ban them?

 

Waiting for policy-makers to do the right thing will take a while. Credible reports indicate that Rahm Emanuel (TD: Flithy animal, this douche caused all sorts of caca in the Cigar Boy's administration as well) is counting on Wall Street cash to get the Democrats through the 2010 election. But fortunately the YRCW workers had the backing of their union, the Teamsters.

 

With strategic input from Greenberger, the Teamsters were able to identify whom they were up against. We picked up intelligence that Goldman (Sachs) was making markets (in CDS) and then we got some direct evidence, Teamster spokesman Ian Gold tells me. But Goldman was not alone. All of Wall Street was trying to bring the company down.

 

Full Farticle <----

[I_Am_Madness]

Another view at current channels.

[Drano]

in Delaware County, PA, it is expected to drop to 19 degreez this night and Sat nite as well....with a breeze, wind chill will be 8 or something like that number

 

jickiss!!!!!!

Gee, Brick Stoolhouse and I are really feeling sorry for you.

 

It was 14 below zero here last night, and I mean degrees, not that stupid meaningless wind chill stuff.

 

I seem to have misplaced my tiny violin.....

[jickiss]

jickiss is back!

 

 

 

jickiss is back!

 

 

and

 

Tishman.

 

The Article linked below is about Tishman. Tishman put up around 112 million to control the giant Rent Controlled residential property in New York City that is discussed in the article.

 

Guess who put up the REAL MONEY???

 

If you guessed Calpers, you be Right! (wow, u bee smart! Kalpers!)

 

Question: What are the odds that Calpers will take a 2 Billion doolar or More Hit????

 

wonder who has da pix that locked Calpers in?

 

(this is no different from the constant question about GG, for instance, that your jickiss raises....who has da pix to lock in the management decisions that are against the interest of the shareholders of GG, for instance, and for the Taxed Payers in Kali, that put up da Coin that Calpers Threw Away on the Giant Roach infestd joke on the East River?)

 

of course, being Wise, you will turn all this around and you will Note that the Bonks were Bailed Out to hide the Effects caused by these kinds of Deals in RE....

 

now, a final point here: Quite some time ago your jickiss Said that what is happening, and what will happen, will Finally Hit the Wealthy. If you read this article very carefully, so far, Tishman has not been hit. Mr. Armstrong says that RE will Drop until what, 2033? who shall be right? who will be destroyed?

 

yet, thimk about this mantr: If, repeat, if Weimar happens, Tishman win never get hit!

 

if Weirmar happens, IBM will got to $900. The made inside will survive via Weimar. The made inside will not repeat will not survive a genuine no way out Debt LIQUIDATING DEPRESSION. This appears to be drawing near, but let's keep eyes open...

 

Thimk!

 

we are now entering the entrance of the Halls.......

 

ps. Note well that these Tishman Interests are betting big in Asia (India, for instance) as one imagines, a diversified way out....Bedrock jickiss logic says that if the USA plunges big starting soon, you will see the East Contract Big Time, as China moves on Japan, and as the epeople move on India......

 

no where to run and no where to hide EXCEPT in Gold and Silver.

 

this article is so good, it should be read at least once a week for the next 3 months, until we get to the Phat days on the afeared Charts of the Skies!

 

as above......

 

so below:

 

snip: "Tishman's actual cash investment was $112.5 million of $1.9 billion put up. Other investors included BlackRock, the Crown Family of Chicago and CalSTRS and CalPERS, the country's two largest public pension funds."

 

from this linked article. a real must read...you be the anal cyst. who will get Burned here????

 

http://therealdeal.com/newyork/articles/wi...n-speyer-buckle