.

The two most

DESTRUCTIVE words to

the American economy

&

The world’s financial system

.

“Free Markets”

.

.

“Free Market Banksters

2nd from left

Cartel member from

JMP – Jamie Diamond

.

.

Free Market Bankster JPM

after announcing a hidden

$2 billion dollar error,

yesterday announced cancelation of

its $15 billion

stock buyback program


Total  7 day JMP

meltdown - 22%

.

.

Remember the last

“Free Market” Financial

collapse in 2008?

.

.

8 million Jobs lost

.

_______

.

JPM is just another

Warning

.

____________

.

Demand and fight for

transparency,

equal access,

& accountability

.


Cartels, bankters, & the plutocrats

should play by the same rules

we do

.

.

Bring back the sunlight

to financial markets

.

  • No freedom to hide in shadows
  • No freedom to have hidden trades
  • No freedom to have opaque markets
  • No freedom to over leverage our money

.

Postscript – See yesterday’s 411 for more and be sure to catch the latest editorial from…

.

Yankee Bob - LINK Here

.

*******************

.

STOCKS

openingimage

OMG Oversold bounce

OMG Oversold Bounce

(photo from ETF Digest)

.

PAUL’S CORNER

.

..

Yes we had a nice over sold pop yesterday; it was good and probably a good day to unload some excess inventory or losses.  Your Stock List May 2012 has been thoroughly trashed along with the market. I will post the latest performance chart in the comments section this morning.

Until we see a nice convincing higher low in the averages this market ain’t safe to play in.

Personally I’m in cash (except for my 1 share of FB I bought Friday) and have been for weeks now and it doesn’t look like I have missed too much except some healthy losses.  Years ago I would have tried to dodge and weave with every move of the market and I usually lost.  Perhaps it’s  years of wisdom as I now tend to move aside when the market suggests,  perhaps it’s finally listening to my favorite market guru Ian Woodward and his partner in crime Ron Brown (both from HGSI) and of course Barr and his excellent market analysis.

Ian’s blog link:

Ron’s Weekend Market Report Videos Link

If you are serious about your investing, in addition to listening to Barr, taking the time to read Ian’s Blog and watching Ron’s videos will reward you nicely.

One of the successful HGSI software users is Dr. Jeffrey Scott. Jeffrey usually finds the time every month to hold an online webinar where he looks at the market and usually comes up with some great stocks to follow regardless of market conditions. He started this on his own, but now his free to watch webinars are hosted by HGSI. This evening Jeff will hold a webinar from 8 to 9:30 PM ET.

Jeff’s Webinar Link:

Oh, one last thought, until we see a nice convincing higher low in the averages this market ain’t safe to play in.

*****************

.

No changes in LTO until JPM stops falling and starts to recover & Italian 10 year bond yield starts to fall again back near 6.00%

NBBIG fall in Italian bonds this AM (8:00 AM EDT) down to 6.09%.

LTO back to NEUTRAL if /when we close below 6.05%

.

Clear Bullish sign

and a chance for short term traders

who can handle high risk

to go long – but watch the bond rate.

.

Longer Term Outlook

3 months+

.

NEUTRAL/

CAUTIOUSLY BEARISH

.

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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