Occupy Together


Occupy Together


Click on above link or map to a 30 second video stating  goals of Occupy Together. One of the  branches of the OWS movement. LINK to find the OWS group in your area of the world


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The Emperors Have No Clothes


emperors new clothes 150x150 The emperor has no clothes   Gold up 24.2 percentemperors new clothes 150x150 The emperor has no clothes   Gold up 24.2 percentemperors new clothes 150x150 The emperor has no clothes   Gold up 24.2 percent

Fixing Banksta  Dominated Wall Street


Bob Kuttner outstanding editorialAbolish Credit Default Swaps” reminds us since the great depression that we had no world wide systemic credit events before CDS’s were created in the 90′s

Banksters created opaque CDS market using “a loophole holding that a swap was not quite insurance, not quite a security, not quite illegal gambling.The rest is history

  • The CDS market created 100s of billions of over leveraged bad debt from AIG to Lehman Brothers in the 2008 crisis.
  • “hundreds of billions of swaps have been written on Greek debt” alone. Add the other 5 European debtor nations who are all larger than Greece.
  • The CDS market encourages banksters to take on bad debts, because they can turn around and trade it on the opaque CDS market.
  • The big shadow banksters and their opaque CDS  system are too big to fail. Why not over leveraged gains if governments/taxpayers will socialize the risk and bail you out?

How YOU Pay.

European Debacle

(sorry ran out of time more tomorrow)


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STOCKS

Same Question

Will The Baby Bear Market Hang On?

Our short term bearish trend (down from the high last week) looks like it has a chance to hold on today as Italian Bonds just hit record high yields this AM. In the arena of European debt Italy is the fat tuna and Greece the over fed guppy.

However,  technically our longer term trend is Bullish. The longer the benchmark S &P 500 stays above 1225 the stronger the trend. So the Bear Cub is still very much endangered.


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Reading The Tea Leaves

  • Our secondary indicator, the Put Call Ratio rose to 1.13. Its 50DMA which is at 1.15 = NEUTRAL
  • For more on MO & PCR see POSITION Section of blog (scroll down)

The long term fundamental that moves most world stock markets higher is intervention/liquidity/manipulation by central banks.

  • Who can devalue their currency faster?
  • Who can print more money faster?
  • Who can provide the lowest interest rates?

All in an effort to eliminate significant debt that is multiplied by an opaque, over leveraging, CDS market.

The truckloads of liquidity keep stocks moving higher.


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Positions

Hopefully Long term positions.

SPY –  stop/loss order at  moved up to 1224. We will keep moving this stop loss order higher as the SPX moves up.

GLD –  A buy the small dip consideration -  DGP is the more risky double long gold ETF. Gold just got to over extended (too far above its 50 DMA) This chart shows GLD for the last three years.You can see that the three year trend is continuing. Any trend this long is worth taking a chance with.

Investors411 will add GLD today hopefully on a  dip.


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Long Term Outlook

3 to 6+ months

CAUTIOUSLY BULLISH

Investors411 has 5 different valuations - BULLISH, CAUTIOUSLY BULLISH, NEUTRAL, CAUTIOUSLY BEARISH, and BEARISH.

Everything written in BROWN is a repeat from a previous day(s)

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING

ALL TRADING INVOLVES RISK AND POTENTIAL LOSS OF PRINCIPLE

CHECK ALL DATA, I MAKE MORE THAN GRAMER ERRORS.




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