Saturday, January 9, 2010
Goldman Sachs Sued by Illinois for Billions
NEW YORK (Reuters) - Goldman Sachs Group Inc was sued on Thursday by an Illinois pension fund seeking to recover billions...
Good luck Illinois, you filed in the supreme kangaroo court of NY. Not very smart. The private Federal Reserve (aka The Bank of NY) was created to concentrate economic and political power in NY, and to siphon $trillions of US citizen owned money into the private pockets of rich foreigners who literally own congress and NY government. In fewer words: to screw states like Illinois.
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FDR
ReplyDeleteConsumer credit just made a record move down. This is a one way ticket to deflation, is it not? How long can the markets not go down with this, 10 months string of down credit?
Goldman will never be prosecuted for anything. They are spearheading the largest asset recovery in history and making a lot of people rich in the process. They look at the same technicals as everyone else and will break the backs of everyone short. They have a pipeline of unlimited cash from the FED to use to make sure that the market takes out the old highs, this will ensure the survival of the FED. Once you understand that the outcome is already determined you can get rich with the oligarchy. This coming market rally through the old highs will be broad based with volume picking up heavy. Corporate profits will trigger the next move in a couple of weeks and drive the S&P through 1200 to around 1240. Heading into 2nd quarter earnings we will punch through 1350. After this we will see jobs returning and the cycle will start to gather some steam.
ReplyDeletePrechter believes that " all economic recoveries come upon or after an upturn in aggregate stock prices." It is safe to presume then the economic recovery is inevitable or will this be the first time in history that Prechter's rule is broken? This quote was taken from Prechter himself, but I am confused why now he believes this is not the case
ReplyDeleteDon't they have pitchforks in Illinois?
ReplyDeleteFunny. I was just reading Martin Armstrong - Behind the Curtain. Your reference to the New York vs. Goldman in NY court is in concordance with his account. Is it that obvious? If so, the whole system needs a real colonic. The only person who can initiate such a purge is Mr. Market.
ReplyDelete"Consumer credit just made a record move down. This is a one way ticket to deflation, is it not? How long can the markets not go down with this, 10 months string of down credit?"
ReplyDeleteMarkets can stay high as long as no one is trading, which has been the case for months, but not for long.
Is there a level in the SPX - if surpassed - you will cover your shorts and reassess? Thanks - Bullethead
ReplyDelete"Is there a level in the SPX - if surpassed - you will cover your shorts and reassess? Thanks - Bullethead"
ReplyDeleteIt depends on the vehicle. If you are simply selling with no leverage the best course of action is to sell and hold.
By 2020 or so, we should see a 95% move lower across the board, which will be worth a few thousand percent if you reinvest gains along the way. Much like Japan.