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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (14188)	6/20/2013 1:04:34 PM
From: John Pitera	Respond to of 33421

Hi Tom, I have been posting all over the place on SI. .... We are in the middle of a potential global liquidity scare........ the investment community is gauging whether or not it is a brush fire that can be put out or if it's going to comflagrate into another bigger drama ala the Lehman credit market freeze up..... The Chinese are doing some very restrictive interbank (SHIBOR) 7 day interbank rate went up 36% last night to 11.0004% and the repo rate has escalated to 25% at the moment...... the emerging market currencies are having mini crashes .....or are on notice to have that type of disruptive event, as are the Emerging equity markets and Credit default swap spreads have been blowing out. John

To: Jorj X Mckie who wrote (14188)

6/20/2013 3:21:28 PM

From: John Pitera

Read Replies (1) | Respond to of 33421

To: TobagoJack who wrote (101265)	6/20/2013 3:18:35 PM
From: John Pitera	of 101305

The Markets are accelerating to the downside and looking at the SPX from the Daily, to the 60 minute, to the 15 minute we are seeing a market that is increasing in momentum no short covering divergences appearing yet.... I would imagine we close on the lows.....This has been looking like an ugly day since 6 AM. It's been obvious their are way too many talking heads on cnbc, in the government, in the Real estate market who where really promoting hard and wearing rose colored glasses. John Jacob Pitera

To: Jorj X Mckie who wrote (14188)	6/20/2013 4:26:22 PM
From: ajtj99	6 Recommendations Recommended By chris714 John Pitera Joseph Silent richardred roguedolphin and 1 more member Read Replies (2) \| Respond to of 33421

Jorj, with all due respect, I have to really disagree with you about China "getting it". I have spent several years in China since the mid 1980's, travel there often, I have family that has lived there, and I can tell you the environmental situation there is as toxic as any place on Earth. Most of the coastal areas of the country would be considered Superfund sites if they were in the USA, and probably uninhabitable. The water, food, and air all toxic. There are heavy metals and other extreme toxins throughout the food chain. Fish are farmed in ponds that are inundated with heavy metals. Farms are irrigated with water that is contaminated with heavy metals and other pollutants. Airborne pollutants choke people and set in place cancers that detonate later in life. A traffic officer in Guangzhou has a life expectancy of less than 40 because of the toxins and pollutants. The situation in China makes the toxic former East Germany circa 1989 look pristine. And the government doesn't give one iota about any of this. While China has over $3-trillion in reserves, it would take many multiples of that plus several decades in time to clean up the toxic, life-sapping, cesspool of unbridled environmental mismanagement it has become. Do not envy that country or its methods. Credit Bubblewise, they are Japan circa 1985, only with more environmental toxins than the rest of the world combined. The Chinese elites who have ripped off the system there are getting their kids and families out in droves. They want no part of the dump they have helped create. They are concerned about their health and the long term effects of the pollution. They also do not trust the food or water supply. It is good enough for the "peasants", but not for the elites.