I took a real time snapshot for sentimental reasons. 9,500, you've been around for more than 10 years, suddenly, it's time to say goodbye forever. We'll miss you!
Friday, October 2, 2009
We'll Miss You!
I took a real time snapshot for sentimental reasons. 9,500, you've been around for more than 10 years, suddenly, it's time to say goodbye forever. We'll miss you!
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Is it wrong that I hope you are right? I mean, I want the best for me and my family and I feel that down is the best. Because then and only then can we bring about real change for the better. Change that will foster a future for our children and grandchildren, free of Fed fueled mind control.
ReplyDeleteFdr: Bold claim to say the least. Not saying you're wrong, but how can you be so confident unless you're the one pulling the strings in this charade?
ReplyDeleteNot to be picky FDR but on September 28, if I read you correctly, you posted a Dow target of 9100 to be followed by a "sharp retrace" of most of the move down from the 9900 high. Would this not suggest your 9500 sayonara is premature?
ReplyDelete"Not to be picky FDR but on September 28, if I read you correctly, you posted a Dow target of 9100 to be followed by a "sharp retrace" of most of the move down from the 9900 high. Would this not suggest your 9500 sayonara is premature?"
ReplyDeleteMaybe a little bit.
I hasta la vista'd 12,500 like a week too early due to a minor retrace. But I think most people will forgive me if a miss a 10 year call by a day or two. :)
"Fdr: Bold claim to say the least. Not saying you're wrong, but how can you be so confident unless you're the one pulling the strings in this charade?"
ReplyDeleteI secretly control the market via personal satellite feed to my bunker in the caymans. I turn the big dial to the left for up and to the right for down ...no wait ...make that that the little dial.
Come on FDR. I've been following you since the early MW days and I expect calls within a day or two.
ReplyDeleteDow 9500 Que Sera Sera
ReplyDeleteIt would seem that we are all in a fifth wave
http://finance.yahoo.com/q/bc?s=GCV09.CMX&t=1d&l=on&z=m&q=l&c=
ReplyDeleteFDRAOA,
What's going on here? Any comments?
Thanks.
This claim suggest that there is about a zero chance of hyper inflation and the printing press comes to a screeching halt soon ?
ReplyDeleteFDR ,
ReplyDeleteIf we have weakness in the markets, won't they start injecting stimulus.
Ben is on the record of saying that higher equity prices make people feel better
"If we have weakness in the markets, won't they start injecting stimulus."
ReplyDeleteWho is "they?"
The United States government abdicated its constitutional mandate over monetary policy in 1913 to a ring of private banks called the Federal Reserve Corporation. The Federal Reserve Act passed on Dec 23, 1913, after congress broke for Christmas recess on a 5 to 0 voice vote.
As such, the US govt no longer has any power whatsoever over monetary policy - absolutely zilch. Everyone in our nation is legally powerless.
The Federal Reserve Corporation is a privately held company, residing above US law, that by its charter may only act when it is in their own best interest, in other words, when there is a profit to be made. Since handing out unlimited cash to US citizens is rarely profitable, hyperinflation is an absolute impossibility.
The Fed will print more paper to LOAN to us, often at an interest rate of 15% or more if the purpose is "high risk" like the loan to GM, but only if the taxpayers guaranty repayment (so there is no risk, but congress is too stupid to figure that out).
Obviously that is deflationary, since that printed loan + interest removes money from the economy upon forced repayment (unlike something like a subprime bank loan, which goes poof). Plus the Fed removes the financial value of the underlying asset when they force the company into bankruptcy due to shark rate interest payments piling up, GM-style.
As a side note, the House passed over 50 bills in 1931-1932 attempting to force the Federal Reserve Corporation to print more cash. All of them were laughed at.
Why does any of this matter if the banks do not have to mark any losses on their books? Why can't they just loan out money and if it defaults just not count it? Money is just paper, meaningless to the fed. I don't get why it matters if banks are solvent or not. They have been insolvent many times in history and the government just lets them unmark the losses, why will this time be any different? Can't they just pretend they don't have any losses? Funny all this worry over paper, but in the past it has never mattered how much debt countries have. You are willing to buy government debt here because you know they will just print more and give it to you. So you are giving someone $10 and they give you $.50c a year and spend your $10 on blow. They print more money to give you your .50c and then print the whole $10 when you ask for it. At the end they just keep printing. Couldn't the fed just buy stocks all day and print the market up so that mom and pop could get cash rich and cash out and borrow more and start the cycle over again. If inflation is impossible then they should just print the piss out of everything. Very confused at why this all matters this time but never did matter in history. The stock market has been going straight up for 100 years, even the recent past and worse recessions and depressions all look like minor retracements in a huge up move. Why is this time any different?
ReplyDelete"Why does any of this matter if the banks do not have to mark any losses on their books?"
ReplyDeleteGood question: it only matters when they are run upon and have to pay out what they don't have, like today.
"The stock market has been going straight up for 100 years"
The original Dow 30 is down 99%. Rotating indexes, which replace dogs as they die with another dying dog, are designed to deceive. Deception is the financial engine to transfer the peoples' wealth to the criminally wealthy.
"It would seem that we are all in a fifth wave"
ReplyDelete:)
Yes, the entire stock market, selling what private directors no longer want to the public, is nothing but a big 5th wave.
That is fundamentally why "buy and hold" is incredibly foolish over the long haul.
So if we were in a big 5th wave, the move down last year and into march wold be an A wave and this rally a B wave. Thus we are entering into the C wave down here that will take us below the March lows? Trying to grasp the elliot wave idea but it is impossible to determine what wave count because it keep changing depending on when you start. Looks great in the rear view mirror but going forward, how do we possibly now if where we sit?
ReplyDelete