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#46 DrStool

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Posted 05 December 2009 - 12:38 PM

Bernie Sanders looking for folks to sign his petition to stop Uncle Ben....

Will it help? WTFK's

...I signed it
_______________________


Hold on Bernanke

The American people overwhelmingly voted last year for a change in our national priorities to put the interests of ordinary people ahead of the greed of Wall Street and the wealthy few, Senator Bernie Sanders said. What the American people did not bargain for was another four years for one of the key architects of the Bush economy. That's why Bernie placed a hold on the nomination of Fed Chairman Ben Bernanke, a move that slows down and could block his confirmation. He talks about why he hopes the president will name a new Fed chief in his weekly Web video -- Senator Sanders Unfiltered.

Video Link

Petition Link


I signed it.

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#47 Jimbo

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Posted 05 December 2009 - 12:47 PM

CARRY ON CARRY TRADING

Its no co-incidence that the US dollar cary trade has now replaced the yen carry trade as the carry trade de Jour

Zero cost debt dollars are leaving the US and flooding into and propping up asian stock and debt markets.

Its all because the US Government is following the Japanese path of Zombie bankism.

Ben Bernake is the father and architect of the carry trade.

Its the asian assets that can generate the cash flow to pay back the loans and insignficant interest costs and leave a whopping margin for the carry traders

Who also benefit form the dollar depreciation.

Capital cannot profitably be deployed in america - and thats why there are no IPO's in america and why rates are so low.

Except credit card rates - but they are high because the rates contain an "Unemployment insurance default " component

As the chances of unemployment increase - credit card rates increase - as the chance of credit losses caused by unemployment increase.
timoleon

#48 K Wave Rider

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Posted 05 December 2009 - 01:45 PM

Watch the RUT Monday.

It is very rare that you see so many 200 MAs on different time frames aligned as closely as they are right now.

If RUT does not reverse hard down on Monday, we are probably headed to at least 620.

If it can bust 588 area on Monday, then synchronous roll could be on towards low 500's.

Here are the 1,2,4,6,12 hour looks on the futures...it is pretty clear how pivotal 588 is....








#49 DrStool

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Posted 05 December 2009 - 02:18 PM

I got shook out of a market short position on Friday. That guarantees a big gap down and big down day on Monday.

:angry:

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#50 T_Slim

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Posted 05 December 2009 - 02:29 PM

Here's a weekly shot of "King" dollar . . .*sigh* is this THE bottom . . .

With this kind of bar pattern, I wouldn't be shorting it. It looks like it wants up but don't know how much follow though we're going to get. 77.50 is a major hurdle . . .

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#51 T_Slim

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Posted 05 December 2009 - 02:38 PM

Daily and weekly shots of the 10 year . . . big reversal after effort to rise from last week. Back down to test the bottom of this lame range or does it break through with authoritah . . .

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#52 DrStool

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Posted 05 December 2009 - 02:41 PM

Latest Story

Throw Mama Under The Bus? Professional Edition Fed Report
December 5, 2009 By Lee Adler The week just past was easy in terms of new Treasury supply, with just the 4, 13, and 26 week bill auctions. Those are the weeks where the Treasury and Fed don’t need to prop the Treasury market because the government isn’t selling longer term debt. That changes next week with $60 billion in new supply, mostly in notes and bonds that will settle a week from Monday. The first note auction is on Tuesday. Will the Feds throw the stock market under the bus in order to stimulate a panic into Treasuries? We should get a sign on Monday. 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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#53 jickiss

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Posted 05 December 2009 - 04:12 PM

jickiss is back!



jickiss is back!


and,

since they ALL do it,

No one will stop no Other One

and

didja notice, NO ONE EVER LOSES HIS HER OR ITs YOB for any reason.......
They just keep sucking the cash outa da system......



Suckers! = da Sheeple.


http://www.rollcall....ws/41188-1.html
"Every Bubble ends in fear and panic. This one will too." --Machinehead, March 29, 2005

On September 06, 2006, TRE closed at $6.50.
On September 19, 2006, CDE closed at $46.30 (adjusted for reverse split)
.


On Oct. 17, '06, Goldman (GS) closed at $183.07 (jickiss Sell) whilst Newmont (NEM) closed at $43.24 (jickiss Buy).

"Politics in America has become a playground of fictions. The politicians tell the public what the public wants to hear. Whether the question is social security, education, budget deficits or national security, the public wants to believe that things aren�t so bad." --Written by J.R. Nyquist, December 8, 2006.

"Private sector employees will never retire, they will work literally to death, dying sick broke and busted with absolutely no hope whatsoever." -- Shorty, on March 15, 2009.

"Luck is the most precious commodity in the world." Brisbane Bear, October 25, 2007.

"Luck favors the prepared mind." Mr. James Dines, back in the 80s, in "The Dines Letter."

"With Luck, anything is Possible, but without Luck, virtually nothing Good ever happens." --- The jickiss Mantra, sad but True.

#54 K Wave Rider

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Posted 05 December 2009 - 04:53 PM

It may finally be time for WIMAX (4G)...big rollouts are happening all over right now.

Here are a couple of players in the field whose charts may be ready to start moving higher after pullbacks to the 200 day. I would not bother to own them under the 200 day....

We should start to see major revenue ramp over the coming few years in these companies, so keep an eye on them for positive action...

ALVR makes equipment, CLWR is a service provider with a few few billion to work with.

#55 POTUS

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Posted 05 December 2009 - 05:34 PM

Link to Copenhagen draft agreement.

http://www.scribd.com/doc/23714626



No need to read the entire thing.

The only part that matters is in Section #33 and the only part of Section #33 that is important is the blank space shown by the [X] below-

"Annex 1 Parties commit the amount of [X] billion [Euros/dollars] in order to enable migration and adaption actions in developing countries for the period now up to 2012."

The Gropenhagen Conference is nothing about the climate and everything about the money.

Zimbabwe is a member of UNFCCC, so some of that money will be heading to that impoverished land that has clearly been devastated by human activity.

For those of you that might not be fully up to speed on these things, here's the only climate change equation that you need to know..........

Money from Western Democracies---->Developing Nations---->Corrupt Government Officials---->Numbered Bank Accounts in Switzerland and Luxembourg

If you can't convince them; confuse them.


#56 psyche doctor

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Posted 05 December 2009 - 06:11 PM



gc120709a.JPG

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I watched a snail crawl along the edge of a straight razor. That's my dream; that's my nightmare. Crawling, slithering, along the edge of a straight razor... and surviving

#57 Charmin

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Posted 05 December 2009 - 06:20 PM

If small caps don't benefit as much from a weaker dollar, do they benefit from a higher dollar?

"gold has been one of the strongest performing groups in recent weeks and now that it has fallen, a new group will need to emerge to carry this market higher." http://www.canslim.n...c/MCCurrent.asp

SMH?
IWM?
DJ Transports?
Cycles + Wyckoff + NTM = TechnoPile
A true Master averts disaster

#58 Charmin

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Posted 05 December 2009 - 07:00 PM

Back at mid-November highs it was noted that the e-mini sp 500 vertical supply back in Oct. 2008 was in the 1104-1113 area. It appears we have at least 7 closes since Nov. 13 just a tad below 1110.

Brick wall above or building a steel I-beam below us?
Cycles + Wyckoff + NTM = TechnoPile
A true Master averts disaster

#59 Slappy

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Posted 05 December 2009 - 09:08 PM

Just another week in paradise....

The following is a little bit of info from one of the Sinclairians...

Dear Jim,

Six more banks were closed this week. Collectively, they had assets of $13.425 billion and deposits of $9.368 billion. The total estimated cost to the FDIC€™s Deposit Insurance Fund (€œDIF€) is $2.384 billion.

Consistent with recent trends, by the time these banks were finally closed their condition had deteriorated to a point far worse than banks were allowed to in the years before this crisis. As a result, the FDIC continues to incur much higher rescue costs than it would if it were able to close them at a stage more like they have been historically. The total cost to the DIR of closing this week€™s failed banks exceeds 25% of their total deposits. By contrast, the FDIC was only required to make up about 5.7% of insured deposits in connection with the three banks it closed in 2007, at the beginning of this crisis.

The details of this week€™s closings also point out some troublesome discrepancies between the value of assets stated on the banks€™ balance sheets and their perceived market value. Five of the six acquiring banks this week required the FDIC to enter loss-share agreements as a condition of their purchasing the assets of the failed institutions.

Insisting upon a loss-share agreement indicates the prospective buyer is so worried about the value of the assets it is purchasing, it is unwilling to alone bear the risk that their value will turn out to be lower than anticipated. In the case of the three banks closed in 2007, none of the acquiring banks required that the FDIC enter into a loss-share agreement.

The largest of this week€™s bank failures, AmTrust Bank of Cleveland, Ohio, gives us an unsettling preview of the kind of unsubstantiated asset valuations we are certain to see more of in light of the Financial Accounting Standards Board (€œFASB€)€™s having suspended fair value accounting requirements at the beginning of this year. On paper, AmTrust appeared to be very well capitalized. It claimed to have assets of $12 billion against deposits of $8 billion, a ratio of 1.5:1.

However, closing AmTrust cost the FDIC an estimated $2.0 billion, 25% of the value of its deposits. Furthermore, the purchasing bank, New York Community Bank (€œNYCB€), was only willing to purchase about $9.0 billion (75%) of AmTrust€™s assets, and did so only on the condition that the FDIC agree to share the risk of loss with respect to $6.0 billion of that amount. In the final analysis, it appears that NYCB had confidence in the value of only $3 billion of the $12 billion in assets on AmTrust€™s balance sheet.

Furthermore, the parties appear to have concluded that the $12 billion in assets listed on AmTrust€™s balance sheet were only worth about $6 billion. Otherwise, the FDIC would not have allowed for a $2 billion charge to the DIR to make good on AmTrust€™s $8 billion in deposits.

There is not enough information available at this point to determine the causes of this huge discrepancy between the claimed and actual values of AmTrust€™s asset.....

Read the rest at jsmineset.com



#60 Jimbo

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Posted 05 December 2009 - 09:40 PM

LOVING WHAT OTHERS HATE

Dynergy - rated D _SELL on the street.

Hmmmm... this looks like it might be going up up up!!!

Ive found that the big money is invariably to be found in loving what others hate.
timoleon





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