By John Galt September 30, 2011 – 05:15 ET Ugh. On Tuesday’s radio show I outlined how the coming stock market crash will drastically impact the U.S. and world economies and the severity of what October’s nightmare might mean to the average citizen in the U.S. Needless to say, I did not paint a picture of unicorns flying overhead spewing rainbows and Skittles out of their rears. The stock markets are now technically set up for a 25-35% decline in October, most of which I…
By John Galt September 25, 2011 – 23:00 ET The Historical Circle of Economic Mistakes is now Complete For once in my life, I wish I had some doubts as to my calculations and ideas being incorrect. While many may disagree with the conclusions I have ascertained, the truth is that the macro or big picture review from a historical perspective appears to have repeated itself right down to the arrogance of the financiers and the ignorance of the political elites. For the loss will…
By John Galt September 22, 2011 – 21:30 ET Ah yes, who can forget that Jib-Jab video I created back in 2009 with the dancing Bernanke: Well, old Ben just danced America and the West into a major recession to validate his theories and seize more power for the banksters this week. The move in the markets today was brutal, sharp, but not terminal. The headlines from some of the mainstream financial media reflect that fact: Bloomberg 9/22: Stocks Fall But Investor Panic Could Soon…
By John Galt September 22, 2011 – 04:45 ET As of this posting DJIA futures are -156: I don’t want to say that’s ugly but…. The question becomes are we building for a Black Friday, Black Monday, or just a total wipeout for the remainder of the month. Time will tell but the USD and Gold are signaling the warning signs of a major deflationary episode about to impact the world’s markets and despite the protestations of the Bubblevisions, a break below 1094 on the…
By John Galt September 13, 2011 – 16:45 ET War. Check. Famine. Check. Economic collapse of the West. Check. Disaster (worse than the movie “Doom”). Check. TEOTWAWKI? Learn why we continue to proceed towards that dark end of the tunnel where the light was only a flicker of hope extinguished by insanity. Tune into DOOMER TUESDAY to find out more… To call into the program dial: (877)213-6404 or (812)307-4363. Just click on the banner below to find the various audio players to listen or to…
By John Galt September 12, 2011 – 09:30 ET Panic in Europe? Check. Malaise in America? Check. Incompetent central banksters in both regions of the world? Check. Short selling bans in Euroland? Check….(BRILLIANT!) All we need now is a catalyst like a major U.S. or French bank going Tango Uniform and we’ll be set up for a nice crashette. Except this time 2008 will be remembered as the “good old days”….. U.S. markets are down on the open but only slightly with light volume. Watch…
By John Galt September 12, 2011 – 03:30 ET Oh the bloodbath and brutality of it all… (all via YahooFinance) INDIA: HONG KONG: GERMANY: FRANCE: Oh, and the USD/EUR: Oh, and FYI, per breaking news on Bloomberg just 5 minutes ago: CDS in 15 European countries have hit the highest levels EVER. Lehmanpanic may now ensue………
By John Galt September 12, 2011 – 02:10 ET Uh, this morning could get brutal….let the beatings commence… Just wow. This is getting ugly or I need to consume more cigars and adult beverages…. FTSE, DAX and CAC Seen Sharply Lower on Greek Debt Fears Published: Monday, 12 Sep 2011 | 1:54 AM ET FTSE -74 DAX -76 CAC -46 European stocks are expected to fall sharply at the market open on Monday amid renewed fears about the euro zone debt crisis. ian stocks traded…
By John Galt September 6, 2011 – 09:00 ET Even the SNB intervention could not save the markets from the laws of gravity as the initial bump from fixing the Swiss Franc to the Euro has faded. This is best demonstrated with the German stock market as the DAX has rolled from a positive day to a negative move into our open: This will not end well. The Italian markets also rolled over sharply blowing through the psychologically important 14,000 level and heading for long…
By John Galt September 5, 2011 – 21:30 ET Think it is bad now? Just watch, wait and see (BEST VIEWED IN FULL SCREEN MODE):
By John Galt August 25, 2011 – 16:30 ET Remember, gold is the adjustment for inflation; the chart for the DJIA in 1999 is not adjusted for inflation or “priced in 2005 dollars” as the BLS and BEA likes to game it. No other commentary is necessary other than my previous entry. (Click on the chart to enlarge/reduce) On August 25, 1999 the DJIA closed at 11,326.04. Today it closed at 11,320.71. I’m just sayin’. 3 weeks ago, gold was rallying above today’s levels. I’m…
By John Galt August 18, 2011 – 16:30 ET Today is going to leave an even bigger mark. For this month’s fun and games to continue is one thing. To beat the crap out of investor’s, poop on the confidence of our citizens, take a dump on Obama’s first day of vacation, and take a Brontosaurus sized turd no top of Turbo Timmy’s 50th birthday, well, let’s just say I’m glad I’m poor, not married to the D.C. – Wall Street elites and get to…
By John Galt August 17, 2011 – 13:30 ET Ruh-roh, quick call Cramer, call Altucher, call Biryini, call an idiot savant, save our 401K’s. Or just learn how to read a chart. OMG, it could be an EPIC one if we drop below 1190 or will the Fed bail out the Canadian sponsored OBAMAMBUS tour?
By John Galt August 12, 2011 – 09:40 ET While the Bubblevisions and bulls promote the “don’t worry be happy” mantra as short selling has been banned in several European countries, there is a smiling bear in the background looking to pounce. Do not get too addicted to the verbal idiocy barrage being launched that the American economy is immune from the problems in Europe and our economy will continue to expand and grow as the recovery moves forward. This afternoon, if hedge funds get…
By John Galt August 10, 2011 – 08:08 ET Little comment is necessary other than to point out that a failure to touch, kiss, or sniff 11,900 on the DJIA might well trigger a waterfall in September of historic proportions. (Click on charts to enlarge/reduce size) Nothing is ever 100% identical but the disturbing pattern appears to be repeating itself again this year, including the hint of major worldwide liquidity issues.
By John Galt August 8, 2011 23:30 ET There is this strange, suicidal, insane belief by the Bubblevisionistas and their talking heads that there “has” to be a dead cat bounce or counter-trend rally because the XYZ index is way, way oversold. From a basic, non-extraordinary, within the standard deviation move of any market, that is a perfectly logical conclusion. Technically speaking every major US equity market is over sold, however, NOT every stock within those averages are in the same condition. In major bear…
By John Galt August 8, 2011 -15:42 ET With the Dow down over 539 points as I type this, I thought everyone might want to start paying attention to the proverbial Dow support levels for the short and intermediate term. The problem with a vicious bear market is that everyone thinks that oversold conditions can not get more oversold. We are witnessing extremes at this time but to amplify the problems are distortions created by monetary policy in the U.S. and Europe and a lack…
By John Galt August 7, 2011 Odds are fairly good that the three major Bubblevision networks will open tonight’s Asian markets with live coverage involving their major personalities and discussions as naseum about the evil of Standard and Poor’s and how the economy will be impacted by a political downgrade. There will also be the usual suspects uttering their stock predictions and prognostications advising the viewers to “stick to the buy and hold strategy over the long haul because stocks go up and stocks go…
By John Galt August 4, 2011 I thought that a quilt style mosaic might get the point across. I left a lot of markets off because honestly, nobody cares about them. Europe is toast, deal with it. More on the markets as the poop hits the electric powered counter rotating air deflecting device later as the market closes…. (Click to Enlarge/Reduce) All charts available from Bloomberg.com with more detail at this link. You might want to start paying attention to them if you haven’t…
By John Galt August 3, 2011 If Satan’s Spawn continues to bounce and rally above 133.00 to 133.50 then the broader market will probably follow. So follow Beelzebub’s baby and watch the market fun: However…. If it breaks below 131, then 130, we’re going downtown and hard…..
By John Galt August 1, 2011 Uh, so much for the Dow futures being up 180 last night….. Oops. Maybe the S&P 500 is roaring ahead to recoveryland: Oopsie again. MAYBE the NASDAQ and APPLEMANIA will save the day! Hmmmm…them damned TeaPartiers are sabotaging America once again. Maybe the dollar is surging against the Yen because after all, we’re just attempting to emulate them: Okay, can’t blame the Tea Party for this…let’s see if it is we can blame the Swiss: That pretty much sums…
By John Galt June 6, 2011 Enjoy the video and remember that history may not repeat itself but often times it can be far, far, far worse the second time around.
By John Galt June 1, 2011 Oh the brutality of it all….. All from INO.com: S&P 500 - DJIA - NASDAQ - SILVER - WTI CRUDE - This is going to leave a mark.
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