July 2017

The Next Market Crash Will Not be Televised

by John Galt July 31, 2017 05:00 ET Way, way, way, way back before televisions were generally available in color, cable was a luxury reserved for hotels and the wealthy, and financial television was reserved to Louis Rukeyser and a weekly program on PBS and the “Nightly Business Report”, the idea of information beyond the 6:30 p.m. national newscast was considered absurd. In fact when the 1987 Market Crash hit live on cable television, it was the quixotic moment which brought financial news out of the shadows and into the forefront….


The Ugliest Stock Chart of July 2017

by John Galt July 30, 2017 20:10 ET Uglier than Rosie O’Fat’s wedding kiss? Yup: It has not broken any long term support levels yet, but if there are more weeks like the last one on increased volume, then odds are we will break support and indicate that a major divergence has been validated and a key market reversal has begun. The next 90 days (hmmm, where have I heard that) could be super dangerous for equity traders as the proverbial “Black Swan” is now flying all over the algo houses…


The Ultimate Bitcoin Crash Nightmare

by John Galt July 30, 2017 19:00 ET The experts in Bitcoinland have been proclaiming how great this cryptocurrency is and shall be into the future. The “experts” also claimed that it was healthy for the cryptocurrencies that the Securities and Exchange Commission required ICO’s (Initial Coin Offerings) within the United States to be treated somewhat like IPO’s (more at this link).  However, and as usual with new technologies (a la Portfolio Insurance, Derivatives, etc.) the SEC is already 4 years behind a burgeoning multi-billion dollar industry as most nation’s regulators…


Friday’s Poop-The-Bed Stock Chart Special

by John Galt July 28, 2017 21:50 ET From the once, er now not so much, magical rabbit pooping company MicroStrategy’s website: We provide powerful software solutions and expert services that empower every individual with actionable intelligence, helping enterprises unleash the full potential of their people and investments. Our analytics and mobility platform delivers high-performance business applications that meet the needs of both business and IT. Now that we’ve established what they do, how did they do after last quarter’s earnings report: In technical analysis that is called “shitting the bed”…


Thanks to the Trumpcare Collapse Here comes the Great Crash of 2017

by John Galt July 28, 2017 05:30 ET Around 2 a.m. Eastern time this morning, the revenge of the Establishment Republicans was complete with three progressive obstructionists voting to kill any consideration of a conference on the repeal of Obamacare. The three names will become legendary in history not for their vote tonight, but for the symbolism of how politicians are so entrenched in maintaining the attempted control of the U.S. economic system from Washington, D.C. This has happened before in history so do not let the so-called conservatives on talk…


Today’s “Oh Shit Chart of the Day” Courtesy of the Dow Jones Transports

by John Galt July 27, 21:45 ET The Dow was up but the rest of the equity market took one giant leap for turdkind today in what can only be a warning shot for the upcoming fireworks that the Repbulicons and D.C. are just determined to inflict upon the American economy. The “Oh Shit” chart of the day is courtesy of the Dow Transports which dumped over 3% which in normal times would cause the old timers to get a tad bit excited: For the math geniuses now running Wall Street…



August 1, 2017 Starts the Most Dangerous 90 Days in American History

by John Galt July 19, 2017 09:00 ET Donald J. Trump has been President of the United States (POTUS for short) for almost seven months by August 1st and everyone should rightfully be terrified; not of him or his Presidency but the ominous parallels to our past. The Republicans have held a majority it he legislative branch along with the executive for the same duration. The stock market has enjoyed a bull market of historic proportions without a correction for the longest period in post Federal Reserve Act history. And effective…


The Fake 3% Movement

by John Galt July 19, 2017 05:00 ET So what do these charts have in common with a rancher in Nevada, the election of Donald J. Trump as President, and my friend trying to keep his children from meeting an alleged child molester via court order all have in common? The company listed above is the new name for “Smith & Wesson”. The conglomerate above owns both Bushnell scopes and Savage firearms, etc. The three stocks plus gold are strong indications of the post-Trump election for business for the so-called patriot…


A Special Thank You to my Readers

by John Galt July 16, 2017 16:05 ET I wish to thank all of my long time readers and supporters while I have been away far too much from these pages due to my father’s cancer treatments. Since some of you have been kind enough to ask here and via email, he recently had surgery after radiation and chemotherapy treatments. The surgery, though risky, appears to have been a success and all of the inert tumors removed with no trace of cancer unless as the oncologist said, there are microscopic cells…


NBC News Reporter Andrea Mitchell Tweets World War 2 Started 100 Years Ago

by John Galt July 16, 2017 09:15 ET If one wonders why we, the unwashed masses, do not take the #FakeStreamMedia (MSM for you commielibs) seriously, here is a prime example of the stupidity of one of your reporterette icons: And the 100th anniversary of US entering WWII https://t.co/ZbPgSQkEGT — Andrea Mitchell (@mitchellreports) July 16, 2017 Yes, seriously. Here is the .jpg just in case she sobers up this morning deletes her tweet and figures out that it is 2017 and not 2039: I realize that yes, I might be nit-picking….


Steven Crowder Hits another Home Run with this Video About Illegal Alien Workers

by John Galt July 4, 2017 19:30 ET Ah George W. Bush was so wrong on this subject and the video from Mr. Crowder below just confirms the GOP and it’s lowlife ilk like John McCain are the scumbags we say they are. But they are just doing the jobs we won’t do unless of course we could do it tax free like they do. Well done Steven, well done.


We Didn’t Learn a Damned Thing from the Crash of 2008

by John Galt July 4, 2017 02:00 ET The screen shot pictured above is from the end of the hit movie, “The Big Short.” It could just as easily said: “In the end, we all get fucked by the man.” America has taken a dramatic shift away from the crash of 2008. Everyone thought that once the banks were bailed out, General Motors and Chrysler nationalized (in an un-Constitutional manner), and the so-called mortgage bail out for homeowners where “qualified” homeowners in select markets were able to re-finance their 15 and…


SQUIRREL!!!

by John Galt July 2, 2017 14:00 ET SQUIRREL!!! I have seen Presidents have fun before, but to do so, right before he leaves the U.S. on an important G20 trip and piss off the Commielibtards AND #FakeStreamMedia all in one shot to cause massive pants wetting and gnashing of teeth is awesome. How? Check out the Tweet of the Year thus far: #FraudNewsCNN #FNN pic.twitter.com/WYUnHjjUjg — Donald J. Trump (@realDonaldTrump) July 2, 2017 Just remember what I said the other day about all this: Even Rush Didn’t Get why Trump…


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