The details.
Stocks will hit a low Feb 21 then rally in early March. Following that rally, the Market will again tank into the Aug- Sep time frame.
Monday, January 27, 2014
Saturday, January 25, 2014
Correction or crash?
After the rout yesterday at the NY Stock Exchange, it is natural to ask whether what we see is a correction (i.e. a 10% drop) or a Bear Market. A 10% correction would bring the DOW to 15,000, so that is the expected next sop for the Market, barring any counter rallies.\
The factors we need to consider are the following: 1. cash accumulation in the hands of large corporations, 2. a world-wide drop in stock prices and currencies and 3. the coming inauguration of Janet Yellen as the Head of the FED.
People are uncertain and the VIX index is rising. One prediction I have read is that the FED
will reverse and increase its QE to $100B/month by June.
The factors we need to consider are the following: 1. cash accumulation in the hands of large corporations, 2. a world-wide drop in stock prices and currencies and 3. the coming inauguration of Janet Yellen as the Head of the FED.
People are uncertain and the VIX index is rising. One prediction I have read is that the FED
will reverse and increase its QE to $100B/month by June.
Friday, January 24, 2014
Financial routs.
1. The Markets are reacting very negatively to the FED's announced position. People are selling currencies and stocks like the end of the world came tomorrow. Especially hard hit the emerging markets, their currencies and the US Stock Market.
2. Gold has done well yesterday and so far it withstood all attempts to push it below 1,260. In fact, a mini short squeeze developed yesterday as it was rumored that India will lift its rather silly restrictions on buying gold.
India is having elections and in case you are curious about the official issues, go there:
http://en.wikipedia.org/wiki/Indian_general_election,_2014
However, another issue is the repeal of the restriction on gold sales. While, India's Finance Minister denied that his govt plans to loosen restrictions, the country is in the last stages of scramble for votes.
2. Gold has done well yesterday and so far it withstood all attempts to push it below 1,260. In fact, a mini short squeeze developed yesterday as it was rumored that India will lift its rather silly restrictions on buying gold.
India is having elections and in case you are curious about the official issues, go there:
http://en.wikipedia.org/wiki/Indian_general_election,_2014
However, another issue is the repeal of the restriction on gold sales. While, India's Finance Minister denied that his govt plans to loosen restrictions, the country is in the last stages of scramble for votes.
Let's speculate
1. One poster on KWN says that there might be a short squeeze in gold, but only in paper gold. There is no evidence yet that there is a squeeze in the metal itself. Why would the Bouillon Banks allow or even promote a short squeeze of any sort? Obviously, this does not have their footprints on it. Whose then? Maybe the large entity that Hathaway talked about?
2. The rather negative reaction of the Stock Market to tapering may force the FED to go easier than it would like to. The economy is not in good shape. The unemployment numbers are phony, because they are lower only because more and more people giving up looking for a job. An important number is the closing up of a lot of department stores. In a consumer-driven economy, stores should at least hold their own, not having to curtail operations.
3. Bernanke was of the opinion that the Depression got deeper because the FED tightened too soon. Faced with a sinking Stock Market and softness in hiring, the FED may increase QE By the Summer.
4. Congress is about to increase the Debt Ceiling again. This will increase the National Debt.
2. The rather negative reaction of the Stock Market to tapering may force the FED to go easier than it would like to. The economy is not in good shape. The unemployment numbers are phony, because they are lower only because more and more people giving up looking for a job. An important number is the closing up of a lot of department stores. In a consumer-driven economy, stores should at least hold their own, not having to curtail operations.
3. Bernanke was of the opinion that the Depression got deeper because the FED tightened too soon. Faced with a sinking Stock Market and softness in hiring, the FED may increase QE By the Summer.
4. Congress is about to increase the Debt Ceiling again. This will increase the National Debt.
Larry: Becoming a contrarian indicator?
The day before yesterday, Larry came out with his prediction: DOW 32,000 and gold going to 1050.
What happened?
DOW promptly lost 170 yesterday and may lose that much today.
Gold. Looks like it might close above 1,260, which is an important turning point.
Way to go L.
What happened?
DOW promptly lost 170 yesterday and may lose that much today.
Gold. Looks like it might close above 1,260, which is an important turning point.
Way to go L.
Thursday, January 23, 2014
Is this what women choose?
The following repercussions to abortion have been cited by the Elliot Institute a nonprofit organization that studies the effects abortion has on women:
1. 31% of women having abortions report suffering physical health complications
2. 10% of women having abortions suffer immediate, potentially life-threatening complications
3. Women have a 65% higher risk of clinical depression following abortion vs. childbirth
4. 65% of women suffer symptoms of Post-Traumatic Stress Disorder (PTSD) after abortion
5. Women’s death rates from various causes after abortion are 3.5 times higher than after giving birth
6. Many women describe their experience as ‘a nightmare’, which can hardly be equated with ‘choice’. 60% of women surveyed after abortion responded that: ’Part of me died’
7. Suicide rates among women who have abortions are six times higher than those who give birth
8. Abortion increases a woman’s risk of future miscarriages by 60%
Tuesday, January 21, 2014
On the gold front.
Much has been happening on the gold front.
1. Goldman Sacks and J P Morgan forecast a drop in gold prices.
2. Larry Edelson also forecast a drop in two ways: 1) either a slow drop to about 1050 or 2) a rise then a cycle inversion and a drop to 1050. Larry seems to be shooting blanks again.
3. Harry Dent is forecasting the DOW to drop to 3,300 and gold to $250. What is Harry's rationale? Harry Dent bases his forecast on the $17T Federal debt and the $32T private and bank debt being destroyed and extreme deflation setting in. Harry forgets one thing: the FED can print unlimited amount of money, which will push us into inflation and not deflation.
4. The German Bank Regulator (Bafin) has admitted that gold prices are even more rigged than the LIBOR. Deutsche Bank has quit the London cartel that provides the gold fix. Why? This reminds people of the Rothschilds qitting the same when gold was $400/oz. You can make a lot of money if you are outside the cartel when prices goup.
5. Germany has about 3,400 tons of gold. Most of it is in the US (stored allegedly by the FED) and some in France. The Germans asked for 300 tons of the gold. The FED promised it in 7 years. They have returned 5 tons. The FED is in default.
A lot of people expect gold and silver to break out this year, perhaps this month.
1. Goldman Sacks and J P Morgan forecast a drop in gold prices.
2. Larry Edelson also forecast a drop in two ways: 1) either a slow drop to about 1050 or 2) a rise then a cycle inversion and a drop to 1050. Larry seems to be shooting blanks again.
3. Harry Dent is forecasting the DOW to drop to 3,300 and gold to $250. What is Harry's rationale? Harry Dent bases his forecast on the $17T Federal debt and the $32T private and bank debt being destroyed and extreme deflation setting in. Harry forgets one thing: the FED can print unlimited amount of money, which will push us into inflation and not deflation.
4. The German Bank Regulator (Bafin) has admitted that gold prices are even more rigged than the LIBOR. Deutsche Bank has quit the London cartel that provides the gold fix. Why? This reminds people of the Rothschilds qitting the same when gold was $400/oz. You can make a lot of money if you are outside the cartel when prices goup.
5. Germany has about 3,400 tons of gold. Most of it is in the US (stored allegedly by the FED) and some in France. The Germans asked for 300 tons of the gold. The FED promised it in 7 years. They have returned 5 tons. The FED is in default.
A lot of people expect gold and silver to break out this year, perhaps this month.
Saturday, January 4, 2014
The ship of fools and other stories.
1. Did you know hat the ship that is stuck in Arctic ice is there to study global warming? Obviously, it is a ship of fools and con artists. Now, the ice breaker sent to rescue the ship of fools is also stuck in the allegedly melting ice.
2. Down at the other pole, the ice melt was the smallest in memory. Do you recall my post about the Danish theory re sunspots and their effect on cosmic radiation, cloud formation and temperature? The low sun spots forecast a cooling. Why is Algore not in jail?
3. Larry Edelson is crowing that we were wrong in saying that gold can't go down while all that money printing was going on. Except, we realized rather early that gold prices were being manipulated. Larry is yet to acknowledge the manipulation.
4. One place where Larry is right is in his prediction of increasing war. Al Qaeda is planting its black flag everywhere where Obama has destabilized governments on anti-Islamist efforts. Iraq, Yemen, Mali, Egypt, Libya, Syria and South Russia and Western China are all showing increased Al Qaeda activity. It matters not whether Obama is siding with Al Qaeda or he is stupid - the result is the same.
2. Down at the other pole, the ice melt was the smallest in memory. Do you recall my post about the Danish theory re sunspots and their effect on cosmic radiation, cloud formation and temperature? The low sun spots forecast a cooling. Why is Algore not in jail?
3. Larry Edelson is crowing that we were wrong in saying that gold can't go down while all that money printing was going on. Except, we realized rather early that gold prices were being manipulated. Larry is yet to acknowledge the manipulation.
4. One place where Larry is right is in his prediction of increasing war. Al Qaeda is planting its black flag everywhere where Obama has destabilized governments on anti-Islamist efforts. Iraq, Yemen, Mali, Egypt, Libya, Syria and South Russia and Western China are all showing increased Al Qaeda activity. It matters not whether Obama is siding with Al Qaeda or he is stupid - the result is the same.
Thursday, January 2, 2014
Here come the idiotic statements.
1. We are used to Liberals making idiotic statements (remember Nancy Pelosi saying that we grow the economy by unemployment checks) and this belongs to that category. A Law Professor at NYC blames the failure of ObamaCare on white Southern radicals:
http://dailycaller.com/2014/01/01/professor-blames-southern-white-radicals-for-obamacare-debacle/
2. The Telegraph reports that Australian warmists claim that global warming is accelerating.
http://www.telegraph.co.uk/earth/environment/climatechange/10546128/Worlds-climate-warming-faster-than-feared-scientists-say.html
Uh, what about the record colds on the N American continent? Or, the temperatures at Winnipeg that hit the same number as the surface of Mars?
http://dailycaller.com/2014/01/01/professor-blames-southern-white-radicals-for-obamacare-debacle/
2. The Telegraph reports that Australian warmists claim that global warming is accelerating.
http://www.telegraph.co.uk/earth/environment/climatechange/10546128/Worlds-climate-warming-faster-than-feared-scientists-say.html
Uh, what about the record colds on the N American continent? Or, the temperatures at Winnipeg that hit the same number as the surface of Mars?
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