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The Stock Room page 62
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(Continued from page 61) Let me add a quick follow up to that Goldman comment above. HEY PEOPLE, it’s going to start all over again, if it hasn’t already! John Paulson, one of the MAIN conspirators in destroying everything back in 2008, may be at it again and probably with Goldman as his main bookie – AGAIN! John Paulson Grows Wary of US Economic Outlook - CNBC Be afraid! Be VERY afraid! _______________________________________ apppro’s take for 08/01/2010 @ 10:00 am EST: After reading over some blogs this weekend Employment, Not GDP, Is the Measure of the Economy - Steven Hansen -- Seeking Alpha, it appears obvious that many out there are again trying to use their literary skills in order to construct a new version of why we all need to suffer some more. This new angst is being based on the GDP figures that came out on Friday at a 2nd quarter rate of 2.4%. Anal_ysts and pundits were looking for something closer to 2.7 to 3.0. This measurement of what the country is producing was also INCREASED sharply upwards for the 1st quarter to 3.7%. The nega-pundits on CNBS immediately pooh poohed that 3.7 as a fluke, but whether it was or not, it brought the past 6-month average to 3.1%. If you look at the government’s site U.S. Department of Commerce. Bureau of Economic Analysis you’ll see that the yearly average over the past 45 years has been around 3.4, so it would appear that we’re right on track; but that’s not good enough for some! What does anyone expect after we created so much anxiety and fear this past spring? Does anyone not think that business would AGAIN cut back out of fear? ‘Confidence is a very delicate thing to waste!’ We all really need to step back and see things for what they are: a horrid ploy by some to destroy everything for their own personal greed – and with November approaching… now for their own political agenda, too! _______________________________________ apppro’s take for 07/31/2010 @010:00 am EST: Now, what have the short-term traders/traitors moved on to via their media nega-pundits? Anyone remember how they drove oil up to $145 for no real fundamental reason? They convinced us real good that oil was about to run out and the world was running out of energy. Anyone remember how they drove the price of the ‘stock I cannot mention’ up to $750, because traditional media and advertising was dead? They convinced us real good that every other website was obsolete and useless. Anyone remember how they shorted Greek bonds almost forcing the entire European Continent into oblivion? They convinced us real good that EVERY European Country was broke and every bank was going to fail. I could go on and on, but the gist is that these traders/traitors are creating a lot of angst and uncertainty for the rest of us. In the meantime, our media and politicians seem more intent on continuing the CEO bashing and taking credit for things they had NOTHING to do with, instead of exposing these traders/traitors for what they are! (Do I hear massive political donations?) Let’s now look at this chart of the TBT:
Up… down… up… down… and so on and so forth! The TBT inversely tracks the U.S. Treasury and should remain relatively stable on a daily/weekly/monthly basis. It should go up and down, but NOT with violent swings on a weekly, or even worse on a daily basis:
What is happening here is that a large group of individuals, mainly from Chicago, have bought up tons of Treasuries at VERY high prices and are now scared witless that the economy isn’t as bad as they had wanted you to believe, so now their investments are becoming very questionable. Basically they are betting/gambling that the entire U.S. economy will remain in the toilet and that the rest of us must suffer for an extended period of time! Every time Treasury prices go down because yields go up therefore forecasting an improving economy, these speculators get stains in their pants! The only thing left for them NOW is to convince everyone that things are WORSE and that NOW we’re going to have DEFLATION instead of the other modes of Armageddon that they had been spouting. The main basis for this argument is the infamous housing market and how the decrease in housing prices is going to cause a Japan like stagnation that will last a decade or more. (Let’s remember that during Japan’s so-called lost decade they became the WORLD’S biggest car seller, among other things; but that’s another discussion!) Housing prices are going down – AND THEY SHOULD! We are allowing the very same speculators that drove prices up to ridiculous levels to now drive prices right back down for the opposite reasons. Sure, there are areas experiencing a true housing degradation, but housing is still above the traditional norm, and until prices get back to a more stable level – yeah then prices MUST come down. BUT THAT’S NOT DEFLATION – JUST REALITY!! Deflation would be if the car price you are paying went down! Did it? Deflation would be if the food price you are paying went down! Did it? Can’t really use TV’s and gas because those prices fluctuate too much on other issues, but even with those I’m sure ALL of you will say that on the average you are PAYING MORE and not less! Do any of you out there determine whether you are going to buy that house on whether your monthly interest payments are $245 instead of $235; OR rather the purchase price is $350,000 instead of a bloated $550,000? We want everything on sale nowadays, and that is especially true for houses! This has less to do with the Fed’s desire to keep mortgages rates low to spur home sales, then it does keeping Treasury’s rates artificially low for speculators’ greed. It just all comes back to those speculators/traders/traitors/scumbags that for their own greed are causing all this, as Ben said, “… unusual uncertainty!” STOP THE INSANITY NOW! Side note: As a New Yorker I want to vomit over what 2 of my representatives are doing. Pass the damn 9/11 Health care bill! BUT more importantly, what the Democrats did by changing the rules THIS time and NOT for THEIR health care and financial reform bills is the REAL DISGRACE!!!!!!!!!!!!!!!!!!! All this just to score some political points and take credit for things they did not do, and try to force blame on others, whether they deserve it or not! Throw all those jerks out of Washington! _______________________________________ apppro’s take for 07/27/2010 @07:30 pm EST: Please listen to what Jim Meyer of Tower Bridge Advisors has to say on: “It’s The Mentality Stupid” Tues. Jul. 27 2010 | 11:00 AM
Confidence is a terrible thing to waste! _______________________________________ apppro’s take for 07/24/2010 @09:30 am EST: OMG! Please say it ain’t so! There appears to be some talk that Obama may suggest that horrid Elizabeth Warren to head up that horrid new ‘Consumer Protection’ agency that the horrid FinReg has declared that we all need. Damn it people – just read the blasted agreement before you sign it!
You can do your own searches, but any person that would happily appear in a Michael Moore movie as an advocate for his garbage… well that person needs to be silenced and not promoted.
You can also check out some of her other BFF’s (Just wants to make you vomit, doesn’t it?):
Only thing that makes me feel somewhat better is that video... no way that Timmy boy would ever work with that biosch! Please, the fragmentation and angst of the past 2 years has GOT to stop! This horrid person will do nothing but create more! Not to mention the further destruction of our financial system! _______________________________________ apppro’s take for 07/21/2010 @05:30 pm EST:
I have to ask again, “What have we learned?” Back in 1996 our former Fed chairman Alan Greenspan uttered the now infamous 2 words, “irrational exuberance” and the stock market tanked. Billions of dollars of wealth was lost. Today our current Fed chairman Ben Bernanke uttered another 2 words, “unusually uncertain” when he was talking about our economy. Please note that he reiterated his moderate growth views and that this uncertainty was not really anything new. The market tanked!
Well, I have 2 words for both of them! So, what have we learned? If we are going to allow a few short-term traders/traitors to constantly create angst and uncertainty over truly nothing… then obviously we truly have learned absolutely nothing! _______________________________________ apppro’s take for 07/17/2010 @08:30 am EST:
A long while back in reference to the causes of our collective crisis I asked, “What have we learned?” Well, this week I got my answer, “We’ve learned !%?!!” The 260 point plunge yesterday was the final proof that short-term traders/traitors are in control of our collective existence, but more importantly it was made horribly obvious that everyone is still totally clueless to it. Some pundits screamed that FinReg passage would give certainty to the markets, but the nega-pundits screamed louder that it wouldn’t! Some pundits screamed that the fantastic news that the BP blowout has stopped, but the nega-pundits screamed louder that the damage has already been done and actually the oil is now leaking into the seabed! Some pundits screamed that unemployment was getting better sighting the 29,000 decrease in jobless claims on Thursday, but the nega-pundits screamed louder that it was a factory fluke in the auto industry! Some pundits screamed that earnings were coming out very good, but the nega-pundits screamed louder that they weren’t good enough! And most telling of all: Some pundits finally screamed that it was all about the loss of confidence from all the bashing and rumor-boarding; but then these bobble-head, media pundits joined the nega-pundits at screaming even louder... that it wasn’t their fault! Damn, even the almighty Apple couldn’t escape the nega-pundits’ crapolla this week! Over and over and over again, our entire Nation is held hostage to whichever so-called media inspired pundits can scream the loudest! Short-term traders/traitors lead by their hero short hedge funds, then further feed off of this negativity and anxiety; all the while further undermining everyone's confidence and willingness to build, invest, spend money, and so on and so on! Hey does that you make you feel good – not me! Then we have certain politicians coming out the other day saying “WE” killed the well! “WE” stopped the leak! “WE” are working on more solutions! Yeah, before they left for Bar Harbor, Maine (notice they didn’t go to the Gulf) on vacation, they were working on AutoDesk designing that new containment dome! People… people… people! We need to address “It’s the Mentality Stupid” and not just continue to stroke our own ‘Generation Me’ egos. _______________________________________ apppro’s take for 07/10/2010 @05:00 pm EST:
My past comments have centered on specific issues, but when it comes down to it – it’s really all about the short-term trader/traitor mentality and our glorification of these traders/traitors, along with the short sellers that always accompany them. Just look over these posts for a natural gas ETF (UNG) on Yahoo. These types of compulsive short-term trades really encompass our entire financial markets and are in many respects, the root cause of the recent mess. No one, but a compulsive gambler can find anything beneficial with this kind of thinking:
Wolf Trade, More coins, more profits, right yet again We need to end this short-term mentality and ‘The Shorting of America’ and to promote LONG-term investing, all at the same time. If anything, the market and emotional insanity of the past 3 months should prove just that!
Yet alone the past 2 years!
STOP THE INSANITY NOW! Revised Tax Rules: (Continued on page 63) |
