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Break Down Or Else- Professional Edition

by Lee Adler, Wednesday, August 19, 2009, in Professional Edition, Today's Markets | Permalink |Comments (0) Edit There are plenty of intermediate sell signals in the group and sector ETFs and the broad market charts but, so far, the market is only moving sideways. Bears need a price break within days, or this will turn out to be just another internal correction in an uptrending market. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.

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I thought this was interesting, about bankrupt countries...

 

Neither Britain nor Holland, neither the EU nor IMF have provided a scenario for just how Iceland is supposed to pay the debts that are being claimed.

 

The problem for the post-Soviet economies such as Latvia is that independence in 1991 did not bring the hoped-for Western living standards. Like Iceland, these countries remain dependent on imports for their consumer goods and capital equipment. Their trade deficits have been financed by the global property bubble – borrowing in foreign currency against property that was free of debt at the time of independence. Now these assets are fully “loaned up,” the bubble has burst and payback time has arrived. No more credit is flowing to the Baltics from Swedish banks, to Hungary from Austrian banks, or to Iceland from Britain and the Netherlands. Unemployment is rising and governments are slashing healthcare and education budgets. The resulting economic shrinkage is leaving large swaths of real estate with negative equity.

 

http://www.counterpunch.org/hudson08182009.html

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Hey guys and gals......

 

 

Been busy,also fighting a few illnesses lately so I have been trying not to watch the markets much.One thing I can say is that there is a panic to get decent yields any way they can.

 

I have been holding a few turd muni funds that have done nothing in the last few months until this week.NAV's have been in a tight 10 cent range for months,now all of a suddeen they have gapped up over 40 cents in the last 5 trading days. :o Not sure what it means,but someone is betting big time in muni land.

 

 

FWIW I think the rest of the market is putting in a long and painful top right now....Or not :ninja:

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jickiss is back!

 

 

 

jickiss is back!

 

 

and, finally, and FOR SURE, the Secret jickiss doolar-gold Indicator has finally broken Down. This breakdown of the Secret Indicator is now posted for the first time in quite a while, so that you may now get ready for

 

the soon doolar collapse

and

the soon to be Gold Mega Move (up, not down, Mr. Prechter).

 

These are the Most Dangerous Times of all, for the Morans still thimk that everything is going to be OK.

 

In fact, them at the very pinnacle have Cash. Got that? Not bonds, but, rather, CASH.

 

The breakdown of the Secret jickiss doolar gold indicator now opens the door to the eventual default on the Bonds of the us. The Cash will make it, as the doolar will be retained. Why, you may ask? For the very basic reason that Morans have virtually -0- Dollars. Instead, the Morans are Reaching for any basis points of yield they can grab. Total fools.

 

The sheeple are being lead into a Box Canyon, from which the rat-tat-tat will be the echos of the slaughter. The plan is to drop everything by 95%, to default on the bonds, and then to make available the whole deal (the whole usa) for free to them that have CASH.

 

Prechter will be right about CASH.

Mr. Sinclair will be right about gold and silver and miners and miners related.

 

There are Acres of Diamonds ahead. to pick up the virtually free diamonds, you will only need CASH and Gold and Silver and Miners and Miners related.

 

Beware the Bonds and beware the Broads!

post-1911-1250723681_thumb.png

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Hey guys and gals......

 

 

Been busy,also fighting a few illnesses lately so I have been trying not to watch the markets much.One thing I can say is that there is a panic to get decent yields any way they can.

 

I have been holding a few turd muni funds that have done nothing in the last few months until this week.NAV's have been in a tight 10 cent range for months,now all of a suddeen they have gapped up over 40 cents in the last 5 trading days. :o Not sure what it means,but someone is betting big time in muni land.

 

 

FWIW I think the rest of the market is putting in a long and painful top right now....Or not :ninja:

 

 

Best wishes for a speedy recovery. :D

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I thought this was interesting, about bankrupt countries...

 

Neither Britain nor Holland, neither the EU nor IMF have provided a scenario for just how Iceland is supposed to pay the debts that are being claimed.

 

They'll just join the Euro along with the Brits (sooner or later) and the Bundesbank, I'm sorry the ECB, just sweeps it under the rug...so the Euro can get back to parity with the dollah :lol:

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I thought this was interesting, about bankrupt countries...

 

Neither Britain nor Holland, neither the EU nor IMF have provided a scenario for just how Iceland is supposed to pay the debts that are being claimed.

 

WowSA!!!

 

From the article:

 

For the first time since the 1920s the capacity-to-pay principle is being made the explicit legal basis for international debt service. The amount to be paid is to be limited to a specific proportion of the growth in Iceland’s GDP (on the assumption that this can indeed be converted into export earnings). After Iceland recovers, the payment that the Treasury guarantees for Britain for the period 2017-2023 will be limited to no more than 4 per cent of the growth of GDP since 2008, plus another 2 per cent for the Dutch. If there is no growth in GDP, there will be no debt service. This means that if creditors take punitive actions whose effect is to strangle Iceland’s economy, they won’t get paid.

 

Iceland promises to be merely the first sovereign nation to lead the pendulum swing away from an ostensibly “real economy” ideology of free markets to an awareness that in practice, this rhetoric turns out to be a junk economics favorable to banks and global creditors.

 

I expect this to be the portent of things to come...

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Hey guys and gals......

 

 

Been busy,also fighting a few illnesses lately so I have been trying not to watch the markets much.One thing I can say is that there is a panic to get decent yields any way they can.

 

I have been holding a few turd muni funds that have done nothing in the last few months until this week.NAV's have been in a tight 10 cent range for months,now all of a suddeen they have gapped up over 40 cents in the last 5 trading days. :o Not sure what it means,but someone is betting big time in muni land.

 

 

FWIW I think the rest of the market is putting in a long and painful top right now....Or not :ninja:

 

Always appreciate your posts, FWIW.

Hope you're feeling better.

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