07.31.07
BREAKING NEWS: Bear Stearns Halts Redemptions on Third Hedge Fund After Losses
Pay attention gang…this is about to get very interesting…
Bear Stearns Halts Redemptions on Third Hedge Fund After Losses
I would consider this a DOT!
You have just got to watch this…
Sorry, I know that a million other blogs have posted this, but this one is just too good to pass up….
Jimmy “where did my pretty bubble go” Cramer let’s it rip
God Bless you James. You must have really gotten taken to the cleaners in the past two weeks……
A very interesting “must read” article…
The article from Financial Sense Online below is a must read in my opinion. Instead of repostings, I shall link to the articles and keep my comments on this site. Folks, this is the “Black Swan” that I fear could muddle the fall and this article indicates why:
More Fun to Come
So I told everyone the other day to watch the charts and the first chart on my home page was AHM (American Home Mortgage). Needless to say there was a tad bit of news this afternoon on that company. Before you dismiss the chart below (5 day activity chart) I suggest you start memorizing it. History is full of charts like this, viewed, shocking folks, then forgotten because Bubblevision says “it’s different this time” or some other such nonsense. In this writer’s opinion, the more creative financial instruments developed in the last decade are neither improvements to our capital exchange system of finance nor adding a layer of safety as the so called experts declare. As far back as the 1907 era, the solution to all of America’s financial instability was to create the Federal Reserve in 1913 and let it do what was needed. After 1929, the government increased it’s influence with a taste of Marxism to create the phony “safety net” for America’s (now anyone that fog’s the mirror) citizens. Of course, that was not the end of the insane tinkering. Nixon abolished the gold standard and put the Fed and the Treasury Department in charge of maintaining a stable economy. For some reason I just don’t view the late 1970’s as the safest nor most stable time of my life. Now, with the PPT established after 1987, events just do not add up. If our lives are so much “safer” and our markets so much more “stable” then how do events like the credit bubble begin? Worse yet, if our markets are so under control, then please folks, ask the economic leaders (or your broker for yucks) why these charts exist:
The top chart is for “Etoys” another great idea from the bubblecrats.
The bottom chart is AHM, once again, another great idea from the bubblecrats.
What is a bubblecrat? The maroons who think that creating companies based on money, not productivity, not a capital creation, no, not even a manufactured item, just creating companies to create money based on other people creating money or credit.
They are also the same people in charge of D.C. Be scared, be very scared.
Tonight on the Q-Files 7-31-07
Tonight on the Q-Files I will be discussing the new terrorist threats to our children, the strategy they will be employing and why and other current events which the mainstream media finds it in their infinite wisdom to ignore until it is a crisis.
You can listen to the live streams via www.stevequayle.com or on shortwave via WWCR on 7.465 Mhz. WWCR also replays the show via stream 1 via www.wwcr.com.
Please continue to pray for Steve and his family as he still needs our support in this time of his grieving. You can read Steve’s appreciation for all of the kind words on his website.
And another month comes to a close
And with July coming to a roaring close, I look for very little substantive news or events from our markets today. Of course this means that will probably rise 400 or drop 400 on the Dow, but that’s no longer the main focus and never really has been for this blog or the show that I do courtesy of Steve Quayle. What I have found far more interesting is that the “rally” in the U.S. Dollar Index has fizzled as many predicted and the decline is stair stepping it’s way back down towards the critical 80 mark. Last night as mentioned on my show, the infamous “Cramer” on Bubblevision actually sounded like me! Then he went and proclaimed his cure for all the market’s ills by begging the Fed to initiate a 1% rate cut in the Fed Funds rate. That of course would be viewed as triple bonus time for the investing public, but as usual he did not tell the dark side of such a move. The collapse of the dollar would be accelerated and Americans would enjoy the kind of classic Jimmy Carter inflation that so many seem to yearn for. This has been a strange month and the events underway seem to be laying the groundwork for so many of the dire predictions this writer has been warning about for the past year. While the dollar collapse seems like a minor event, the behavior of the dollar and it’s relationship to commodities is way out of kilter a the moment and will eventually return to normal.
Your reading assignment for today was provided courtesy of Bloomberg in the article Bear, Lehman, Merrill, Goldman Traded as Junk, Derivatives Show which really points to a true indication of how dire the situation is becoming. Even old Cramer stated that Bear should be trading closer to 70 last night on his show! It’s only a matter of time before all of the individuals realize that the big boys have been sneaking out through the exits quietly and then they will all rush to get out also. That will be the day or week when the word “volatility” gets abused like a Mike Vick pet. Be very conservative my friends as what we are witnessing is such an interesting parallel to our past that I fear the ignorance of the masses will punish so many, so severely that the concept of an orderly market will soon be impossible.
Thanks to Kitco for this chart which I shall post on occasion for all of us to watch….August will be the month of storms in the Atlantic and on Wall Street….
07.29.07
Well, the Cheerleaders are out in force….
With this story from Bloomberg, everyone, and I repeat, everyone, should start exercising extreme caution. Yes, we may well see the greatest rally in stock market history. But it is the proverbial dead cat on steroids superbounce. Don’t be a sucker. Get conservative….wow; TPTB ARE DESPERATE!!!
Uh-Oh…OBL speaks as the markets are in Turmoil…
Pay attention folks; it’s part of the overall strategy. Check it out, although it’s probably bogus at www.foxnews.com.
Saudi Q2 gold sales rise 17%; UAE’s surge 14%
Check this story out from today’s Gulf Times…very interesting….
Wow….this is just what many of us have been saying…
