Daily Archives: 19/12/2011

12/19 AEP: Spain grits teeth yet again as austerity deepens

AEP_BIO

By John Galt December 19, 2011 – 16:45 ET Tonight’s commentary from Ambrose Evans-Pritchard via the U.K. Telegraph: Spain grits teeth yet again as austerity deepens <click on the title to read the full article> This excerpt really sums up the depth of the crisis about to hit the Spanish people, remainder of the PIIGS, and the European Union as a whole: It may prove harder this time within the euro straight-jacket. “The global economy was much stronger then and they benefitted from devaluation,” said…

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Grab a 40 and Kick back, We Is Going Downtown Today

40ouncers

By John Galt December 19, 2011 – 15:40 ET Chart from CNBC.com for once: S&P 1200 is in doubt once again….bah humbug! Uh-oh…Sing it Petula!

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Is Goldman Sachs about to play Grinch on the Santa Claus Rally?

GRINCH

By John Galt December 19, 2011 – 11:05 ET Goldman Sachs is beginning to look a lot like the Grinch that Stole the Christmas Rally. Check out their action today on the chart courtesy of Yahoo Finance: If GS breaks below 85 this week, the markets will follow suit and break severely before the holidays, setting up for a very negative start to 2012. Watch this sucker closely gang.

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The Tools of America’s Future Police State

LS3_ARTISTS

By John Galt December 19, 2011 – 08:40 ET Now that the NDAA has pretty much guaranteed that the entire country is about to be subjected to illegal search and seizures, beyond what has been occurring under the Patriot Act, I think a glimpse into the various instruments the government is acquiring to monitor and enforce whatever plans they have for its citizens is in order. I discussed these instruments of liberty’s destruction on last Tuesday’s program as I was quite angry about the alleged…

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12.19 U.S. Market Preview: Going No Where Fast

DRUNKS_PARKBENCH

By John Galt December 19, 2011 – 08:20 ET A tad late this morning with the update but then again, I was up into the wee hours to see if the Dear Leader’s son was going to engage in a random act of kindness or stupidity. Fortunately it has been quiet beyond the traditional launching of a short range missile to scare the South Koreans and keep our boys in the peninsula on alert. The markets went no where fast last week besides dropping around…

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Another Victim of the G.M. Fiasco Goes Tango Uniform: Saab

wrecekedsaab

By John Galt December 19, 2011 – 08:00 ET Even an ABBA song couldn’t save this victim of the great government seizure and collapse of General Motors as Saab filed for bankruptcy protection this morning per Reuters. This disaster was easy enough to predict when G.M. acquired Saab years ago and had no idea what or how to market their cars in the U.S. beyond the niche market of snotty yuppies. Unfortunately for those workers who are now permanently idled in Sweden, this is the…

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