WHAT’S UP – Bo “Hussein” Obama; Shadow Banks – whose been naughty and whose been nice; Rush Limbaugh = killing cops?!; The only thing standing between shadow banks and pitchforks; Elizabeth Warren under attack; Job loss map; YOUR comments

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photo from Washington Note

The Shadow Banks

* Why are community banks paying for the sins of the big shadow banks? Good question – Many were not up to their necks in toxic assets. – MSNBC asks

*Shadow Banks – Whose taken our $. Whose been naughty (hoarding $) and whose been nice (making loans to consumers and companies to get the economy moving again)

  • The Good – State Street Bank
  • The Bad – Citigroup
  • The Ugly – Goldman Sachs, Morgan Stanley (get out the pitchforks!)
  • The chart from WSJ

* ” [Obama administration] is the only thing between you and the pitchforks.” - Barack to shadow bankers.  The Prez & his positions in Fortune magazine

Pittsburgh Police officers attend a memorial service Thursday, ...

Pittsburgh Cops – photo AP

The Right Wing and Killing Cops

For two weeks the controversy has raged over the  right wing wacko’s and those that encourage them. The latest right wing killer/terrorist  was afraid “Obama would limit his guns rights.” This “gun loving maniac” ambushed three Pittsburgh Cops. Story here

You’ve seen it before from abortion clinics to Columbine (10th anniversary of school killings yesterday)

Each day the right wing hate machine stokes the fires inside these killers and fights any curbs on weapons buying.  Naming names of some of those who even want “Obama to fail.” The problem is they dominate and speak for the once great Republican Party.

  • Rush Limbaugh
  • Glenn Beck
  • Michael Savage
  • Bill O’Reilly
  • Sean Hannity

 

Elizabeth Warren is interviewed.

AP Photo

The Shadow Bankers Hit Elizabeth 

Last Friday’s Post featured  TARP Oversight Chair, Elizabeth Warren.  Most likely she’s your greatest hope for some justice when it comes to the shadow banking system. Already, the “Right” Wing is going after her. Politico’s headline story  (Politico is a top & respected political blog)

——–

Steal trillions, hoard your cash, kill cops, give guns to right wing wacko’s, hope Obama fails, attack Elizabeth, but go after the President’s dog and progressive’s will do more than waterboard in retaliation.


Don’t you dare label him Bo “Hussein” Obama

Job Loss Map

Slate has produced a amazing interactive monthly map of where the jobs have been lost. Check out the job loss growth in your area.

Two new Comments Posted by Bob Sadinsky

Check out the passionate remarks on right side of blog. Do you agree?

AS ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING

STOCKS


Index Percentage % Volume
Dow +0.07% up
NASDQ +0.16% up
S&P500 +0.50% up
Russell2000 +1.16% -

 

Technicals & Fundamentals

Major US stock markets inched out a small rally led by shadow banks.

Earnings reports explode this week as many companies step up to the line with results and forecasts.  Watch technology -NASDQ

XLF - The ETF that tracks financials (mostly shadow banks) rose +1.18% in increased, volume.  Financials have lead this rally and if they  collapse so will almost all other sectors (see Positions section of blog on XLF) This leading index is the one to watch.

Short Term Outlook - a wee bit more positive – First technical chink in the bulls armor appeared Tuesday.’s big volume sell off.  Volume, the #1 confirmation factor rose as stocks inched higher on Friday . 

Too early to make a call on which way this may break, but short term traders should pay attention. The Danger signs to watch for - another big price/volume decline  and/or stocks moving lower on no news or good news.

Still bullish in the short term. But think in the longer term, say Sept/Oct (or sooner) – a test of lows could happen. 

Long Term Outlook = CAUTIOUSLY BEARISH

See Changes in STRATEGY, POSITIONS, & OVERVIEW sections of blog 

AS ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING! 

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