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The International Banking

Cartel’s War on You

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“There’s vast criminality in Wall Street now.


It’s bribery, theft, fraud,
bid rigging, price fixing,


gambling, loan sharking.
All of these things,


it’s all organized.” - MATT TAIBBI

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Today’s Headlines

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Headline NYT Today

“Trading Losses at JPM

could exceed $9 billion

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The “Too Big to Fail”

Cartel/Oligopoly

Caught in another

Skimming operation

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Barclays

(Britain too big to fail banksta)

Fined $450 million in LIBOR

Price Fixing operation

20+ other bankstas involved.

(Of Course JPM is one)

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Why it matters

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The importance of Libor

is hard to overstate.

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“They are used to value of hundreds of trillions of dollars of financial instruments. Or as Matt Levine puts it, they “set the rates on pretty much all the loans and swaps in the world … CFTC order mentions $350 trillion of [over-the-counter] swaps, $10 trillion of loans, and $437 trillion of CME eurodollar contracts indexed to Libor alone”. Ben Walsh

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STOCKS

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Paul’s Corner

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Last evening I had the time to join in with  the HGSI users virtual market discussions.

These are a group of investors who meet on the computer to discuss the market. Most of the members are in cash as I am and feel this market is too shaky to safely invest in.

The market was looking promising late last week but has fallen back into the choppy zone.

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Ian Woodward posted another great blog

late last evening and is a must read.

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http://www.highgrowthstock.com…

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Ian sums it up nicely

in the following chart:

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http://www.highgrowthstock.com…

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Last week we did have two Eurekas and a Kahuna, but look on the lower right of the chart at the orange bar, that’s  a Phoenix (opposite of a Eureka) and a Phoenix usually cancels the Eurekas.


http://www.highgrowthstock.com…

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Looking at the charts last evening I didn’t find much to consider buying and found many of the cha cha cha stocks had profit taking.

As Barr often reminds us there is nothing wrong with taking profits, let me suggest there is nothing wrong with missing the market bottom.

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Long Term Outlook

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CAUTIOUSLY BEARISH

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AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING

ALL TRADING INVOLVES RISK & POTENTIAL LOSS OF PRINCIPLE

CHECK ALL DATA, I MAKE MORE THAN GRAMMAR  ERRORS.

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