Stormin Norman: it's all about "showing us the money"...
And so far, the Market has been unable to do so...
Just more headline spin-doctoring & pom-pom waving cheerleading.
There is no EARNINGS recovery - ANYWHERE... not in manufacturing, not in tech, not anywhere in the world and certainly not in the good ole' USA - which is, was and will have to continue to be.... THE ENGINE that pulls the global economic train.
US Income Tax Receipts are COLLAPSING... DOWN - 23 % !
The State of Missouri can NOT pay it's citizens state income tax refunds because of collapsing revenue's...and there are a myriad of other "states" facing budget & revenue crisis.
...that's REALITY.
The US Government is printing and spending money at an alarming & accelerating level, has an escalating account deficit and is simultaneously facing COLLAPSING Tax revenues !?!?!?
Hello ?
...ramping, run-away outflows & collapsing, disappearing inflows.
If the US Government was a company.... would you buy it's stock with those fundamentals !?!?!?
The only thing that Rubin & Greenpimp accomplished during the Investment Bankers Orgy of the Late 90's; was to make more money in a shorter period of time for Investment Bankers & Wall St Insiders, than in any other period of time in history... and they did it by manipulating the US Dollar - all the while propogating the biggest debt orgy in financial history... completely distorting and/or ignoring any & all sane financial metrics and controls ...and simultaneously sedating the American Citizenry with Bubble-Mania paper appreciation in the stock market, flooding them with easy credit and a King Dollar that let them buy foreign goods on the cheap by being able to trade the most inflated Fiat Currency in modern history for the rest of the worlds manufactured goods... all the while; destorying our own domestic manufacturing base & key industries like steel.
...and now it's time to pay ~
- and pay we will.
There is no one left to sell the pump to... as everyone has already been dumped on.
Who's left to buy the S&P at 30+ PE levels ?
Who's going to keep buying to support these valuation levels here in this economic, let alone geo-political environment; let alone - who is going to buy this market strong enough to take it significantly higher anytime in the near future ?
You ?
Me ?
The Japanese ?
The Oil Cartel Arabs ?
The Day-Traders ?
The fall of the Global Crossings, KMarts, Lucents, Enron's, WCOM's et al... is the beginning and NOT the end of the the debt implosion... wait untill the inevitable acceleration of the collapse of the US Dollar.
Wait untill we see the repatriation of foreign investment which is propping up this charade...
Wait untill we see the next bubble on the Mad Hatters Ferris Wheel collapse - that being the Real Estate Bubble...
Wait untill we realize that all of those decades long, high paying steel worker & manufacturing jobs that we've permanently lost for ever; can't be replaced and now quite obviously; were not replaced by all those New Paradigm Web Designers, SoftWare Engineers & Telecom-Techies...and working for WalMart & Target, or McDonald & StarBucks for life, aint going to be cutting it in the near future either...
Then throw another Rogue Wave Event into the mix and we'll surely have a mess; that all the King's Horses and all the Kings men (The Rubinites & Greenpimp) won't ever be able to put back together again...
We were long over-due for another significant chapter in American history and imho; we're about to get it...and it aint gonna be pretty...
We are also witnessing the beginning of a seminal event in market history imho... into what will become a multi-decade long cynical mistrust of the Markets... as we are slowly realizing that it's always been an "insiders game" all along... and if the Internet-Mania & Tech and Telecom Bubble Collapse didn't do it... maybe Enron-gate and this investigation into the Auditing & Accounting Industry along with the realization that analyst stock reports from Wall St have all along been nothing more than glorified, slick Madison Avenue paid advertisements for selling Ma & Pa Kettle a piece of the American Pie as the Highway to Riches...
Guarandamnteed; that 20 years from now, we'll all be shaking our heads with disbelief that the entire Inet & Daytrading Mania could ever have taken place...
The Manipulators like to take Gold at it's 1980 highs of $800 per oz and spin that into "gold having been in a 20 year Bear Market" - when in reality it traded between $450 and $600 for about 15 of the last 20 years... I'm curious if they'll do the same for Tech Stocks and use Nasdq 5100 as they used $800 Gold and point to that 5100 level as proof that Technology has been in a 20 year Bear Market in 2019 (vbg) ?
The Markets are like people... you can fool, or manipulate all of them, some of the time & some of them, all of the time; but not all of them - all of the time... and now the market is about to humble an entire generation as history exercises her mighty hand...but.... "some of us" haven't been fooled ~
...Fiat & the Manipulating Insiders have had their day... and now it's our turn.
GOLD: Foi Est Tout ~
Power to the People ! |
