I have not posted in a long time
Reason, doing my own thing and sick of the politics of SI. But I decided time to put some of my thoughts out here to those that may have interest. Remember I am a full time trader and technician of the market. I follow every rumor, story and nuance I can gather on this market. I pay many market 'gurus' to read what they see in the technicals - whether that be GANN, CYCLES, EW, McO......
This market is a total JOKE!!!!!!
Anyone that is not cashing out and running will get burned in such a big way in the coming 2 years.
Reasons are so many, were does one start. The first and foremost is the LIES and DECEIT on Wall Street and even to certian levels on the Central Bank level. Your beloved FED is printing money, FIAT MONEY, at a level that is just absurd and borderline criminal (but when you are the government you can do whatever you like!!!!). This money has allowed the power players to run up so much DEBT they now own the FED! The Fed cannot allow them to fail, for if they do, then we are talking systemic collapse. It is known as INFLATE OR DIE. Print currency like there is no tomorrow - the same strategy that Bush and his team just asked the Japan Central Bank to undertake. It has ramificatins that borderline on insanity - it is allowing massive debt runups that only lead to a greater problem.
This debt on both the corporate, consumer and federal level is running at peaks never seen in history!!!!!! We have GSO's handing out cash to the most uncredit worthy individuals - inflate or DIE. Let the common man, the man that should not be given a mortgage buy a $500,000K house with barely a down payment. We have a dollar that is worth 1/10th of what it was worth at the turn of WW2. And today we have the statistic that in 2000 we had individuals with a net cash worth of $500K to $1M at 7M now at 3.9M!!!! The WSJ sees FNM as the next ENRON, you better belive it, this is a house of cards that is a stacked deck.
We have accouting fraud at every level, we have the S&P readjusting the operating income to allow for lower PEs, we have the FED today readjusting the way inflation is calculated!!!!!! WE HAVE BS GAMES AT EVERY LEVEL OF THE GAME.
And Japan, well what can one say, this is the trap that could drag the globe into DEPRESSION. We have a country that is showing economic statistics that match the US in 1930!!!! That $11T in savings is all a false reality as the overall debt in Japan is running to the tune of $30T!!!
We could talk about deflation here, the biggest enemy of DEBT, if you do not think that CHINA is going to create massive deflation you are living on MARS. We have 1B people that NEED to work! Stanley and everyother corparation on the planet is exporting AMERICAN jobs offshore. China could produce all the needed goods for the entire globe alone for the next century!!!! This will cause deflation on a scale never seen.
The DOW, the most manipulated INDEX on the PLANET, BAR NONE. Tiny number of companies allows the powers to be to manipulate the market into a false sense of reality. Not to mention fund money is running to these 30 stocks as they have been CRUSHED AND HAVE NO WERE ELSE TO RUN. That is until the stupid public starts to pull capital from funds and get the heck out of the ponzi scheme.
The gulliable public, well that is another story all together!! This biggest suckers in this whole game. The day will come when they finally relize the situation the globe is entering, a massive time of deflation and underconsumption. At some point they will have had enough losses and run for the hills, that has yet to happen for many.
I could go on and on an on. The reality is we could see a rally still - what I term a blowoff top in the DOW! Do not be fooled, that blowoff top will then lead to a decade of decline, a decline that will wipe out everyone that has not run. The problem is, once this blowoff tops begins, it could reverse ANYDAY, ANY WEEK, AT ANY TIME. It could be a 500+ pt drop in the DOW. So playing it long is fraught with risk other than trading daily long or hedging a core short holding.
Real Estate, what a joke!!!! Do folks forget the early 90s and the term UPSIDE DOWN IN MY REAL ESTATE, that happened in the middle of A BULL STOCK MARKET. If you think that real estate is SAFE, you really are a fool, a BIG FOOL. Real Estate is going to get HAMMERED, due to the fact that the GSOs have put so many people into homes WITH NO MONEY DOWN THAT SHOULD NOT HAVE BEEN ALLOWED TO BUY IN THE FIRST PLACE. The banks will be begging folks with cash to take this off the books in a few years time!!!!
UNEMPLOYMENT IS GOING TO SOAR, the fact we are exporting our manufacturing overseas will leave so many OUT OF WORK, service jobs will DIE, and DIE HARD soon.
FOLKS, America is the biggest debtor nation on the face of this planet, BUSH is running up spending to levels never seen in this nation. We are headed down a path of PRINT MONEY AND PRINT SOME MORE. How long can we just PRINT FIAT MONEY, HOW LONG TILL WE NEED A WHEELBARROW to buy a loaf of bread.
I love America, just so few are facing the reality of what is going on in front of their very faces. Get out on any rally we see, buy some gold shares on any dip in the months ahead, pay down debt - all of this should have been done a year ago, but it is still not too late.
September! It is like a distant memory, no one thinks that can happen again in America, it is like the markets are not even considering what could happen to shut down our system. Bioterrorism, attacks via shipping, water, air or food contamination..... the list is vast why dwell on it. But think how it could effect markets.
Iraq, if they do not let in United Nation inspectors, we are going to WAR, NO QUESTION. What will this do to the markets. (you notice oil shares starting to make a move, wonder what the smart money knows about this story!!!)
Interest Rates, the FED HAD SPENT this wad, now what MR. GREENSCAM!!!!!!! 11 rate cuts, what has this done for JNPR, CSCO, JDSU, GLW, WCOM, BTY, FTE, F..........................
Folks turn off the TV and wake up, any rally is total manipulation on the part of the money machine that gets more desperate by the week, the day, the hour. The MEDIA, the recession is OVER, the turn is JUST AROUND THE CORNER!!! Get real, what do you expect them to SAY, what do you expect the FED GOVERNORs to say - get real, you think they would TELL THE TRUTH!!! You really think the common man even has a clue about the REAL PICTURE. LOL!
On and on I could go, but you get the point. I no longer post on SI as I have long been termed TOO NEGATIVE - but I return as I am sick of all the BS I read, the non reality I see, the inability for folks to think on their own, the BS, the lies, (crap ML upgraded CC yesterday, S. BUY, it tanks 6+pts today - this is the BS of which I speak, I have a list of these upgrades a mile long) - maybe oneday I will publish a book about this. Abby, we have not heard from this dyke in a long while!!!! Most likely on vacation with Ken in Aspen what with that $15M she earned for being BIG TIME wrong. This is the system is which we are asked to put our faith!!!!
All the best,
West |
