You’re kidding me… right? Duh! Hell yeah they’re crooked! I’ve been saying that forever! This is just the start of the selling. I took a short position today, with a Vertical Put Spread. I bought the May 118 put, and sold the May 113 put, for a cost of $1.04 per contract.
More on my weekend update. For now, the bulls had better shop quickly, before the bears all wake up and release the bulls are in their territory. Enjoy your weekend everyone.
So today… once again, the market makes a new high… AND So does the Foreclosure rates! What? Are the foreclosure rates and the market locked in step together, like the dollar and the market was? Granted, the dollar being sold hard everyday by the Obama Gangster Gang doesn’t get the market up as high as it used too… but they still trade on opposite sides for now.
This foreclosure matter is another deal. So here we have an article by CNN telling us that the foreclosure rates rose 7% from last quarter to a record of 930,000 now. And the stock market rallies some more. WTF? Seriously? Who is doing all the buying for the these companies to have great earnings?
Maybe it’s like Anna commented on yesterdays’ post, that people aren’t paying their mortgage, and instead using that money to buy more stuff (in her case, some hot sexy outfit’s from Victoria’s Secret… you got too love sexy women).
Or maybe people should be standing up to the crooked banksters like this guy did…
Where is the “so called help” that Obama promised? You remember, the promise to help home owner’s keep their homes. What a joke that is! Why should a bank refinance your home when they can steal it from you by foreclosing on it. Why should the bank’s loan out any new mortgages when they can make more money manipulating trading the stock market?
Think I’m kidding? How about this story of an “insider” who came out and reported that JP Morgan was manipulating the metals market (story here). That’s why the market is going up… it’s not people buying, it’s just manipulation, using the publics’ money.
Yes folks, the so called “Bail Out” funds! You remember that don’t you? They were suppose too stimulate the economy right? Just in case you have forgotten about them, or wonder where the money went… here’s the story again.
Step One… The government scares congress into having an emergency meeting in late 2008, quoting that the banks will fail and the world will collapse if they don’t pass an emergency bailout program to save the banks (in reality it was only the 5-6 largest and most crooked banks that were mainly in trouble, as the small to mid-size banks would be allowed to fail… to eliminate the competition of course).
Step Two… The government passes the bailout plan, and proceeds to borrow money from the Federal Reserve Bank (a private entity ran by crooked banksters, created in 1913 by banksters, with the sole intent on profiting from the government by controlling the monetary system… aka MONEY!).
Step Three… The government prints I.O.U’s (aka… treasury bonds), and gives them to the Federal Reserve in exchange for Cash, instead of just printing the cash themselves, at zero percent interest… because they gave up that right to print money themselves in 1913, when they gave it to the Federal Reserve. (A right that was written in the Constitution when America was created, that was to always be done by Congress).
Step Four… The government then takes the cash they borrowed (at whatever interest rate the bonds are worth…. currently 1+ percent on 2 year bonds and longer term), and then loans the money back to the banks (at near zero percent interest), with instructions to get the economy going again by loaning out the money to the public. (Yes, you read that right, they basically pay the banks on money they are loaning them! Huh? Yes, stupid I know! But well planned so the banksters can get richer, which secures the politicians a nice fat job at one of those banks when their term is up).
Step Five… The banksters ignore the government and take the money and buy up their own stock to the ridiculous levels that they currently are at. Why take risk’s loaning money to the public for mortgage’s at 5% when you can make more money in the stock market? Plus, those loans would be highly risky as the people that the government wants the banks to lend money too, are the people that lost their job’s from the banks mortgage bubble that they created that topped in 2007.
Step Six… The banksters pay off common media personal to entice the retail public to get back into the market at the top, so they can unload their bloated stocks to them.
Step Seven… The banksters start to “get short” on the market, while telling the public to buy, buy, buy!
Step Eight… The banksters release some hugely negative event that causes a meltdown in the market, and then tell the media puppets to start telling the public how bad everything is… which causes more selling, fueling the fire and forcing the market down even more.
Step Nine… The banksters go to the government and claim that they are going to fail if they don’t get another bailout. The government gives them another bailout.
Step Ten… The banksters take the bailout money, sell out of all their short positions (with a huge profit… stealing the publics’ lifesavings from their 401k plans, etc…), and combine that new free money and stolen profits, and start buying up their own stocks again… rallying the market once more again.
Step Eleven… Later, Rinse, Repeat…
Red
P.S. Support Ron Paul, as he want’s to get rid of the Federal Reserve and give Congress back the right that was originally theirs in the first place. And support the Tea Party Movement, as those folks are actually out there with signs, on street corners protesting the crooked banksters, etc… I’m simply doing my part to spread the word with this blog, as I sure as hell can’t forecast the correct move in the stock market! Ok, well I’ll give it a shot for tomorrow… UP as usual (secretly hoping for a crash though)
CNBC posts that we are going to have a “Jobless Recovery”! HUH? How the hell does that work? Just curious, as I’m not the brightest tool in the wood shed. If we don’t have any new jobs, and people that aren’t working don’t have any money too spend… then who’s buying?
The people that still have a job sure ain’t! The company I work for may not survive, as the work load has been cut down by 75% or more. We have about 40 tech’s covering 4-5 states, and work is down to 1-2 “half day’s” of work per week. It’s the worst I’ve seen it. Last year, during this same time period (which is normally slow), I worked 4-5 days a week.
Now, it’s more like 1-2 days… and those day’s are only half days. Do you think I’m spending any money? How about the other 39 tech’s? Other friend’s of mine are also struggling as work loads drop, and all overtime is cut out. If you still have a job, you should count yourself lucky. Mine may disappear during this great jobless recovery…
If so, I’ll be sure to take my laptop with me, to the homeless shelter. I’ll have to hide it, or they might think I’m rich or something? I’ll walk to McDonald’s and steal their free internet, so I can continue doing these worthless daily posts… or bitch sessions.
If I’m ever going to be right calling the market, I’d better get used too saying… “the market is going UP again today”, as the word “Down” is now a forbidden word (just like the media won’t say Hussein… Obama’s middle name? WTF?). Who really cares anyway what his name is? I just call him “the Puppet”, just like the President before him, and the one before him, and on and on…
The country is ruled by the elite few, and the President, Secretary of State, and the Federal Reserve Chairman are all just their puppets that they put out there in the public eye, so they can hide safely behind the scenes. So if I sound bitter… well I am!
I’m sick of wasting my time looking at charts that tell me this market should rollover, but yet it continues up as the Great Jobless Recovery creates all these great earnings. It’s all horse shit! (Sorry for language) I talk to people every day when I’m working out in the public, and everyone tells me the same thing… the economy is getting worst, not better.
At least the economy was still booming during the 1999 tech bubble (thanks to Ronald Reagan, not Bill Clinton). People had jobs then, and they were spending money. Who’s spending money now? I guess I’m just plain stupid, as I don’t get it… nor do I see it!
Yes dear reader, the recession is officially over now, as the Dow close above 11,000 for the second day in a row. Happy days are here again! The jobless people are back too work now, as Intel must have hired them, causing the great earnings report announced after the bell this afternoon.
Quote… “Intel Corp. says its net income in the first quarter nearly quadrupled over last year. Intel’s latest profit was lifted by sales of new chips for computer servers as well as an overall bump in technology spending. And in the comparable period last year the company took a big charge to write down the value of an investment.” End Quote.
Hmmm… Did Goldman Sachs need newer and fastest super chips for their computers, that they use to manipulate the market with? Yeah… that must be it! That’s why Intel beat estimates this quarter. Regardless of how they did it, (if it’s actually an accurate report), we pretty much knew that all the earnings reports this week are going to be positive.
No company is going to go against Uncle Sam and tell the market that they had a horrible last quarter, as no one bought their junk because of the bad weather. Instead, they are going to make up whatever they want, (positive of course) and the government is going to clap and applaud their report.
We are so far from reality that INSANE isn’t a strong enough word anymore. Anyone that lives in the larger cities can drive up and down the road and see stores and restaurants still closed… and they will never reopen. You can drive though many of the new sub-divisions and see house after house for sale.
The real unemployment is around 17%, not the 10% the government tells you. No one is spending money now. In fact, there is a large shift now to “pay down debt” by most Americans. Where is the spending coming from to create the great earnings? The government didn’t send me a check in the mail, with instructions to go spend it and simulate the economy. Did they send you one?
Everywhere I look, and all the people I talk too… are struggling now. People are hurting. They are moving in together to share expenses as most are losing their jobs, or getting pay cuts. My mother and father are at that age where they are retired and like to travel around in a motor home. My mother is very conservative, and doesn’t look at all the corruption and stuff… like I do.
In the past year I’ve noticed her mention the government many times, speaking specifically about how crooked they are. Coming from my mother… to hear that was a shock! She is definitely a “Blue Pill” taker… if you know what I mean.
Of course I took the Red Pill. But anyway, she was telling me how many homes she saw up for sale, and how many businesses were closed down, as she and my father were driving around in Florida. Of course I already knew that, but hearing it from her just reaffirmed how huge the disconnect is between the stock market and the real world.
So, I guess we will continue rallying up a little bit each day, until all the bears are dead, (or in hibernation), and the bulls are sleeping. Then one day, out the blue, BAM! …a loud gun goes off as the farmer decides it’s time to kill the bull, and eat some steak.
As all the other sleeping bulls awake, they will all run for the exits to escape the farmers rifle. But, it will be too late for many, as the farmer is an excellent shot, and many bulls will be slaughtered. But for now, the bulls can graze peacefully knowing that Obama and the gang are paying the farmer quite well to keep them alive.
Several people have emailed me and ask why I don't have a way for them to donate, so here it is...
By NO means am I asking you to donate anything, as I put up the blog and post my thoughts for FREE, in order to help everyone out the best that I can.
However, it seems common now for people to put up a "Donate" button, so here it is! Just ignore it if you wish, as I'll still continue to try and help everyone the best I can... without any donates required.
Popular Posts