That's what they are trying to do… talk the people into spending again. But where do they get the money to spend? Many are now jobless. Real unemployment is over 17%, not the 10% the government lists.
A few days ago I read an article that said that 33 states have unemployment over 15% (which means their 17% figure is really about 25%). Let's not forget that we have huge numbers of people underwater in their house value.
Many of them were taking out loans on the new appraised value back in 2007 (when the housing market peaked), and buying cars, flat screen TV's, etc… They were spending with borrowed money.
Where is the money going to come from now that their house is worth $250,000, while they paid $400,000 for it? It ain't coming from the TARP funds, as that money went straight into the stock market to buy up shares of the big banks… so they could write themselves record bonuses from the taxpayers money.
American's are broke! They aren't spending… no matter how high they push this market. Record numbers of them are paying down their debt, and stuffing cash under their mattress.
It's only going to get worse I'm afraid. The market will likely put in a long term high this summer, that won't be seen for many years to come. I hope the economy improves… I really do!
But the crooked banksters want it to collapse (at some point in the near future), so they can eliminated their competition by forcing them into bankruptcy, or by driving their stock price down so far that they can buy them out.
It's evil and corrupt… much like what Richard Gere did in Pretty woman. Buy out the companies' stock so you own it, then sell off the assets and make a profit from them. You can control a lot of America if you profit hugely on a crash down, and use those funds to buy everything at rock bottom prices.
It's happened many times in the past too. Just look as the 1929 crash. Who do you think profited hugely back then? Did you know that J.P. Morgan (senior, of course) gave the government money to keep the economy from collapsing?
You don't think he did it because he's such a nice guy, do you? No, it's was all structured and planned, so he could acquire certain assets at big discounted prices. That's why they are still around today.
Let's not forget about the Rockefeller's too… They owned America back then, and they still do today. And yes, they are part of the Illuminati…
I agree the economy is in a bad shape now, but don't you think that if they keep pushing the market up, the economy will eventually turn around? We often hear that the economy and economic news drive the stock market, but it's actually the opposite: the stock market drives the economy. This means the whole economy is at the mercy of the people who manipulate the stock market. This is the scary truth we don't want to face.
Yes, they push it both ways. It's not easy to unload a ton of shares at the top, or to buy a ton of shares at the bottom. So, they have to sell (or buy) them at various levels going up and down.
That means that they can't make a huge profit on a small move up or down. So, they have to push it 100+ points in each direction to profit nicely. The positions that had during the crash must have been massive, as they did push it just as hard going down, as they have recently going up.
However, the economy really is a bad shape now. How bad? That's yet to be known…
You may think the bullish news they are spinning is BS, but don't you think the bearish news they were spinning to pound the market back in 2008 was also BS? I mean the economy was bad then but was it really THAT bad — to warrant the crash in Oct. '08 — or was the bad news exaggerated and used as an excuse for short-selling?
TNA opened up 2.4%. Gap was filled. TNA was up 3.9% at the high, and closed up 2.6%.
We are now in a Full Moon Trade, which tends to favor TNA. AmericanBulls had TNA with a WAIT signal yesterday, so this trade was in cash today. Will buy TNA when AB has a confirmed BUY signal (which might be Monday morning)
Volume for TNA today and the other days this Holiday Week were the 4 lowest of the last 18 days.
$RVX (VIX for $RUT) was down 0.7 % today with TNA up 2.6%. No divergence.
TNA has now been up 3 of the last 7 days. Chop. Neutral for TNA.
The high for TNA four days ago was $58.23, the highest TNA price since November of 2008. The high today was $56.65, 2.7% below that high.
Ultimate Oscillator for TNA fell from 39 to 37 today, a divergence as TNA was up 2.6%. UO has been below 50 five of the last six days. Indicates (screams) weakness for TNA. Bad for TNA.
MACD on the monthly chart crossed over downwards five days ago and is moving down. Bad for TNA.
Bollinger Bands for $RVX (VIX for $RUT): today’s white candle closed mid way between the Bollinger mid line (20 day MA) and the top band, somewhat above an area of congestion. MACD has crossed from below and is rising. Looks like $RVX might be rising. Bad for TNA.
Bollinger Bands for $RUT: The small white candle for $RUT is in the congestion area. The top Bollinger band is falling, and $RUT seems to be in a mature topping formation. MACD has crossed down. Bad for TNA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s black candle is at the bottom of the congestion area. The upper Bollinger Band is rising. Looks like the topping process is continuing. Bad for TNA.
TNA had a lower high, lower low and much high close – bad for TNA.
Money flow for the Total Stock Market was $1,809 million flowing into the market. Bullish – good for TNA.
I will post the AmericanBulls candlestick interpretation a bit later.
Just got back gang. I had to leave to do a job about 1-2 pm. Did I miss anything? Are we crashing next week? Man… I hope so…
I bet the farm last time, and have been living on the street since. This time I sold the wife, kids, and dog. Got $6.00 for the dog (he was a good dog. I'm going to miss him). Got .60 cents for the kids (they are just too lazy these days). Got .06 cents for the wife (the loan shark said she's too worn out now).
So, I took my $6.66 and shorted with my last breath. At least I won't lose much this time….
$DJI currently has 5 consecutive higher weekly closes than opens
in the last 249 weeks, 4 out of the last 6 times $DJI had 5 consecutive higher weekly closes than opens it provided a reversal
That's what they are trying to do… talk the people into spending again. But where do they get the money to spend? Many are now jobless. Real unemployment is over 17%, not the 10% the government lists.
A few days ago I read an article that said that 33 states have unemployment over 15% (which means their 17% figure is really about 25%). Let's not forget that we have huge numbers of people underwater in their house value.
Many of them were taking out loans on the new appraised value back in 2007 (when the housing market peaked), and buying cars, flat screen TV's, etc… They were spending with borrowed money.
Where is the money going to come from now that their house is worth $250,000, while they paid $400,000 for it? It ain't coming from the TARP funds, as that money went straight into the stock market to buy up shares of the big banks… so they could write themselves record bonuses from the taxpayers money.
American's are broke! They aren't spending… no matter how high they push this market. Record numbers of them are paying down their debt, and stuffing cash under their mattress.
It's only going to get worse I'm afraid. The market will likely put in a long term high this summer, that won't be seen for many years to come. I hope the economy improves… I really do!
But the crooked banksters want it to collapse (at some point in the near future), so they can eliminated their competition by forcing them into bankruptcy, or by driving their stock price down so far that they can buy them out.
It's evil and corrupt… much like what Richard Gere did in Pretty woman. Buy out the companies' stock so you own it, then sell off the assets and make a profit from them. You can control a lot of America if you profit hugely on a crash down, and use those funds to buy everything at rock bottom prices.
It's happened many times in the past too. Just look as the 1929 crash. Who do you think profited hugely back then? Did you know that J.P. Morgan (senior, of course) gave the government money to keep the economy from collapsing?
You don't think he did it because he's such a nice guy, do you? No, it's was all structured and planned, so he could acquire certain assets at big discounted prices. That's why they are still around today.
Let's not forget about the Rockefeller's too… They owned America back then, and they still do today. And yes, they are part of the Illuminati…
that's a good laugh
Red:
I agree the economy is in a bad shape now, but don't you think that if they keep pushing the market up, the economy will eventually turn around? We often hear that the economy and economic news drive the stock market, but it's actually the opposite: the stock market drives the economy. This means the whole economy is at the mercy of the people who manipulate the stock market. This is the scary truth we don't want to face.
Yes, they push it both ways. It's not easy to unload a ton of shares at the top, or to buy a ton of shares at the bottom. So, they have to sell (or buy) them at various levels going up and down.
That means that they can't make a huge profit on a small move up or down. So, they have to push it 100+ points in each direction to profit nicely. The positions that had during the crash must have been massive, as they did push it just as hard going down, as they have recently going up.
However, the economy really is a bad shape now. How bad? That's yet to be known…
Red:
Thanks a lot for the excellent analysis!
You may think the bullish news they are spinning is BS, but don't you think the bearish news they were spinning to pound the market back in 2008 was also BS? I mean the economy was bad then but was it really THAT bad — to warrant the crash in Oct. '08 — or was the bad news exaggerated and used as an excuse for short-selling?
TNA opened up 2.4%. Gap was filled. TNA was up 3.9% at the high, and closed up 2.6%.
We are now in a Full Moon Trade, which tends to favor TNA.
AmericanBulls had TNA with a WAIT signal yesterday, so this trade was in cash today.
Will buy TNA when AB has a confirmed BUY signal (which might be Monday morning)
Volume for TNA today and the other days this Holiday Week were the 4 lowest of the last 18 days.
$RVX (VIX for $RUT) was down 0.7 % today with TNA up 2.6%. No divergence.
TNA has now been up 3 of the last 7 days. Chop. Neutral for TNA.
The high for TNA four days ago was $58.23, the highest TNA price since November of 2008. The high today was $56.65, 2.7% below that high.
Ultimate Oscillator for TNA fell from 39 to 37 today, a divergence as TNA was up 2.6%. UO has been below 50 five of the last six days. Indicates (screams) weakness for TNA. Bad for TNA.
MACD on the monthly chart crossed over downwards five days ago and is moving down. Bad for TNA.
Bollinger Bands for $RVX (VIX for $RUT): today’s white candle closed mid way between the Bollinger mid line (20 day MA) and the top band, somewhat above an area of congestion. MACD has crossed from below and is rising. Looks like $RVX might be rising. Bad for TNA.
Bollinger Bands for $RUT: The small white candle for $RUT is in the congestion area. The top Bollinger band is falling, and $RUT seems to be in a mature topping formation. MACD has crossed down. Bad for TNA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s black candle is at the bottom of the congestion area. The upper Bollinger Band is rising. Looks like the topping process is continuing. Bad for TNA.
TNA had a lower high, lower low and much high close – bad for TNA.
Money flow for the Total Stock Market was $1,809 million flowing into the market. Bullish – good for TNA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks bad for TNA for Monday.
More good reporting from Zero Hedge…
http://www.zerohedge.com/article/fed-raise-disc…
Do you think the market will like it if the rates raise?
Just got back gang. I had to leave to do a job about 1-2 pm. Did I miss anything? Are we crashing next week? Man… I hope so…
I bet the farm last time, and have been living on the street since. This time I sold the wife, kids, and dog. Got $6.00 for the dog (he was a good dog. I'm going to miss him). Got .60 cents for the kids (they are just too lazy these days). Got .06 cents for the wife (the loan shark said she's too worn out now).
So, I took my $6.66 and shorted with my last breath. At least I won't lose much this time….
😀
lol, McFlurry please
the good news for the bears is the setup on AAPL daily says Monday is down