Posts Tagged ‘ DJIA ’

The Dow Jones Industrial Average Reminds me of 1936

by John Galt April 23, 2013 05:40 EDT Unfortunately for the American public, most people do not have the asset of grandmothers or grandfathers who survived the Great Depression of the 1930′s and can remind us of what happened and how the sucker’s recovery had everyone believing things were better when in fact they were not. The mainstream media and socialist education establishment would have the average person believing that in 1935 the economic programs of Franklin Delano Roosevelt created a massive economic recovery…

by John Galt April 19, 2013 06:00 EDT Everyone loves a market rally after a tough week and with terrorists being killed and hunted down and the prospects of a massive increase in the size of the Police State, look for all US markets to rally strong today. In the premarket, it’s looking somewhat strong: (Data from FinViz.com) History reminds us about IBM’s role in pre-World War II Nazi Germany and how many U.S. and British companies exploited the expansion of the police…

by John Galt April 15, 2013 05:50 EDT The bloodbath in precious metals and base metals continues this morning with gold down over $100 per oz. at one point in electronic trading in New York: (charts from FinViz.com) While many crazed souls in the precious metals community will act like a chicken with their head cut off, I simply remind everyone of what gold and silver predicted in the spring of 2008: (charts from StockCharts.com) The chart above demonstrates first a correction which was…

by John Galt April 14, 2013 23:00 EDT If anyone thinks the world’s central banksters are not aware of the flight to physical precious metals, the following two charts from tonight, one from NetDania and one from Kitco should dispel that myth: Ouch. Double ouch. However for those holding physical gold, not paper, this should be viewed for what it is, a final chance to buy insurance before all hell breaks loose. We are one nuclear missile flying over Tokyo from North Korea or…

by John Galt March 26, 2013 17:30 ET Today the Dow Jones Industrial Average closed at a new all time high of 14559.65. To add some perspective to this resurgence in the market and what happens when government and the Federal Reserve meddle, I thought a visit to economic disasters of the past might be in order: I don’t think that any other comments are necessary. Just beware the consequences of manipulated markets and the rush to the exits when everyone who…

by John Galt March 1, 2013 05:30 ET The markets are at a face palm railroad crossing and unfortunately most market participants and gurus are missing the warning sign. First and foremost is that gold has shifted from its safe haven status to a full blown predictive indicator of approaching economic and stock market action. At this moment the declines in gold are not stating we are in the great hyperinflation but in fact possibly heading towards another period of deleveraging and deflation…

by John Galt February 21, 2013 05:00 ET The most dangerous gun in the world was not created by the Chinese Communist Party. It is not the Barrett .50 caliber sniper rifle. Governments do not fear the AK-47 or the now much ballyhooed AR-15 as many might think. The most dangerous gun which can bring down a government is in fact the oldest weapon of its kind in human history. That is why governments, central bankers, and mercantile professionals are terrified of it…

by John Galt February 20, 2013 19:30 ET Hmmm, heard this before? Nah, it’s the 1920′s ladies, Kwamer said so: Wait a second. Oil prices going up are bad? Didn’t we hear in 2007 and 2008 that this indicated a bull market was going to extend all the way to Dow 20,000? Nah, people are not stupid enough to get washed, laundered, rinsed, and raped again are they? Ah, uh, yeah, from the New York Times on January 25, 2013: As Worries…

by John Galt January 1, 2013 17:00 ET 2013. Bah Humbug. Washington, D.C. is a mess ruled by a maniacal narcissistic Marxist and opposed by a globalist political party which would sell your mother into slavery to get a new bridge for swamp rats in their district. The civil war in Syria continues unabated. North Korea can lob objects into the atmosphere with the trajectory of “God only knows” and hopefully one day they do not get lucky with something over…

by John Galt December 30, 2012 19:50 ET Well, this update is only to illustrate how utterly corrupt our system of government has become. The assholes in the government, from the President down to morons in the Senate and RINOs in the House have gone home for the night leaving a bunch of perverts and malcontent bureaucrat wannabe’s to negotiate the future of the United States financial markets for the first quarter of 2013 and the ability of the middle and…

December 21, 2012 05:05 ET By John Galt Tonight I must say that parting is such sweet sorrow. It is time for this cowboy to ride off into the sunset and spend more time writing at this website and more importantly prepare my family for the acceleration of the collapse. It has been a good run, starting with my time on Steve Quayle’s program many years ago until this moment where with the blessings of all my listeners who allowed me into their…

December 19, 2012 19:05 ET By John Galt Tonight I discuss the coming economic doom which is about to eradicate decades of American capitalism and put the U.S. on a course to make the French, Communist Chinese, and Cuba look more akin to the ideals of freedom than our founders could ever have imagined. Housing Recovery? What a lie. Foreclosure crisis averted? Think again. Wage stagnation? The state wants to control your earnings. Stock Markets? The biggest rigged pile of…

by John Galt November 30, 2012 05:00 ET IF anyone within the sound of my voice, the view of my pages, or with even the most remote of memories about the past five years, today’s Rush Limbaugh show will provide a stunning flashback into what I was warning about in 2007 and 2008 along with the “Talkmaster,” one Neal Boortz out of Atlanta via his syndicated radio program. More on the background later, first a brief video of the “economist” who created a…

by John Galt November 7, 2012 16:45 ET - …. . / .– — .-. .-.. -.. / .. … / .- – / .– .- .-. / .- .-. . / -.– — ..- / .–. .-. . .–. .- .-. . -.. Dear God, Ouch. We got the message. Love ya man, Real Americans Wow gang, just wow. A lot to cover in one hour as yours truly dissects the disaster from last night. And…

By John Galt September 18, 2012 – 19:00 ET Doom? Ha. The economic and geopolitical hell I am about to unleash along with our future Gestapo will make the a fore mentioned look like the female reproductive systems of the Communist Ladies Association. Tune into DOOMER TUESDAY at 8 p.m. ET tonight to find out more… Just click on the banner below to find the various audio players to listen or to participate in the chat room with like minded Americans.

by John Galt August 5, 2012 23:50 ET Despite popular belief that yours truly has been abducted by U.S. government sponsored aliens from Area 51 and forcibly given an anal probe, I’m quite well, just busy preparing for the Tampa’s Pearl Harbor as the drones invade our airspace and the world shifts further into police state orgasmic pleasure. Thus why a moment to analyze the massive economic data from the past week requires the pause that refreshes beyond the 151 Bernank being…

by John Galt August 1, 2012 05:30 ET Beyond language stating that the Fed will be there to support low interest rates for the long term, price stability, inflating being under control, and concerns about the economic data reflecting lackluster growth there is nothing of interest coming from today’s Fed decision in this author’s opinion. The rally in equities was a purely rumor driven fantasy based on the delusion that the economy has stalled enough to justify another round of Quantitative Easing. This…

by John Galt July 24, 2012 18:00 ET My head exploded at 11 a.m. this morning. After scraping the pieces up and duct taping my skull together it exploded again with more blatant Federal Reserve market intervention at 3:50 p.m. this afternoon. Tonight, I explain the economic disaster we are facing as I go Santelli on your butts. You have been warned so tune in at 8 p.m. ET by clicking on the link below: AND PARTICIPATE! Just click on the…

by John Galt July 5, 2012 08:00 ET The first half of 2012 has become a comic book story, not based on the superheroes of Marvel or DC, but akin to Alfred E. Neuman acting as villain, superhero, and lucky loser. Since January of this year the market has rallied not on economic growth, not on world geopolitical stability, not on stock market technicals or fundamentals, but on rumors. Rumors of Fed rate cuts, BoE rate cuts, rumors of peace agreements in strife…

by John Galt June 26, 2012 05:25 ET Yesterday in my quick note on the markets I pointed out the key support level of 1296 on the S&P 500. That has not changed but if it does fail to hold in today’s trading AND the move below that mark on the close is with high volume, then the markets will likely capitulate in the weeks ahead. However, if it holds or breaks slightly below that mark on low volume, expect one more rally…

by John Galt June 25, 2012 10:40 ET The U.S. stock markets this morning are sending a major warning signal this morning and the S&P 500 is screaming the loudest: A break below the 1296 to 1298 with over 1.7 billion shares on the NYSE is one of the most negative signals heading into the end of the month anyone will ever see. It opens the equity markets up for a 10-15% correction, especially if the S&P 500 closes below the…

by John Galt June 17, 2012 18:30 ET Uh, someone with some money realizes that this is becoming a joke. In the old days, a rigged election or leak about “coordinated bailout” would cause the futures to skyrocket some 300-500 Dow points. Here they are getting “their boy” into office in Athens and this is all they got? (from FinViz.com) Perhaps someone actually looked at a map and realize that Ireland, Hungary, Portugal, Spain, and Italy are still on the “oh…

by John Galt June 10, 2012 23:40 ET Hey, remember this guy? Who could ever forget that awesome prediction. Along with the Dow 20K guy, of course. Someday soon, with the Bernank’s help, they might be right. But for practical purposes, let’s review the upcoming Spanglish rally created by the FedECBJCBPRAYFORAMIRACLEOHGODWEAREALLGOINGTODIE bank of the world. The S&P 500 has some serious headwinds as Herr Obummer likes to call them: A break through the 1360ish area with major…

by John Galt June 8, 2012 05:30 ET On my radio program of June 6, 2012 I pointed out how gold has been leading the equity markets. In this commentary, I shall show how the two divergences from 2007 to this year will end and result in a short term collapse in stock prices. First, let’s review the chart of the S&P 500 versus the GLD ETF from 2007 to June 7, 2012: The initial divergence as highlighted in the chart above…

by John Galt June 7, 2012 05:15 ET So what keeps an academic figurehead for the world’s elite banksters up at night? A repeat of the 2008 debacle. Thus far they think they have avoided it in the United States however that creeping feeling that the disaster de jour in Europe will not be avoided is starting to permeate the thought processes of our bankers and that means the U.S. taxpayer must be extorted into another bailout of their mistakes. The problem…

by John Galt May 6, 2012 19:15 ET US Equity futures as of a 1/2 hour ago: That was not hard to predict. Neither was the emergence of anti-austerity leftist and extreme right wing parties becoming viable in Europe. As a result of the elections in France, Germany (local), Greece, and Serbia, it would appear the Euro will be punished severely and traders have broken out the chairs and whips tonight: That chart looks good compared to the reaction of the…

By John Galt April 17, 2012 – 19:00 ET And just as the British, Roman, and Arab Empires declined and fell in history, the Empire of America is changing into an empire of decline. Tune in at 8 p.m. ET for the latest HARDCORE NEWS, financial reports, and a scathing look at a new FEMA report on how to encourage civilian participation which would make the Stasi oh so proud. Remember the Sermon and Muster call! Just click on the banner below to find the…

by John Galt April 8, 2012 11:00 ET The anticipation building up for the open of U.S. futures tonight is highlighted by the action in the Israeli and Arab markets which were open for trading today. In lieu of the non-farm payroll data, the theory is that there will be a decent sized plunge at the open of the US markets. The Saudi market probably illustrates the pattern the S&P 500 and DJIA will probably take; a sharp dive at the open with an afternoon…

by John Galt January 17, 2012 05:20 ET The ChiComs broke out the heavy weaponry but then again, didn’t yours truly say they could do this? Yes, I did and reports are that China injected $30 billion into their equity and financial markets to insure that the selling would be stemmed regardless of the economic figures manufactured by the government. The one consistent result when governments monetize debt like the EU and Federal Reserve and interfere in the natural direction markets wish to go is…

by John Galt January 10, 2012 05:15 ET Here we go again. The Republicans are holding their primary today in New Hampshire and like good little rally monkeys they will march to the polls and vote for a New England clone of George W. Bush because “this time it’s different” and Romney would never do any of the things that idiot Bush did. At least that’s what they would have you believe. With Alcoa reporting a quarterly loss, Italian 10 year yields over 7.10%, and…

by John Galt January 4, 2012 05:20 ET Buckle your seat belt, make sure you keep your arms inside the car at all times, and please secure all loose objects. All of the sudden yesterday’s “rally” isn’t looking so hot as the news broke this morning that usage of the ECB’s deposit facility hit an all time high yesterday of €453.18 billion and the volume in the U.S. markets was disappointing to the bulls and technicians. The Asian markets did not follow through with a…

By John Galt December 30, 2011 07:50 ET Buckle up. 2012 is almost here. Last year I was so-so in my predictions and for 2012 I probably will be also. If you are meek put on your Depends for this show or just assume the fetal position when the theme music stops. In the first half hour I’ll cover the news of the day, the financial news and then begin the prognostications which cover geopolitics, sports, U.S. politics, the economy, weather, and whatever else I…

By John Galt December 30, 2011 – 07:43 ET While many a commentator and bubblevisionista will argue that 2011 was a “safe” year with the Dow up about 6% for the year and the S&P 500 treading water but up slightly, the decline in the NASDAQ is the lesson of the year and a warning sign for stocks in early 2012. Traditionally during an election year markets rally as the election gets closer and I expect 2012 to be no exception. While timing is everything,…

By John Galt December 27, 2011 – 07:30 ET Now that the holidays are over with, the returns complete, it is time to prepare for a harsh reality once again. First, the continued crisis in Italy continues with the 10 year yield crossing 7% again this morning, despite massive intervention by the ECB and member banks. (chart via Bloomberg.com) Secondly, the EUR/JPY swap is signaling another leg down in the Euro currency is imminent, probably at the end of this week or the next at…

By John Galt December 23, 2011 – 05:50 ET Grandmabear got runned over by a Plungerdeer Walking home from Wall Street Christmas Eve. You can say there’s no such thing as Santa rallies, But for me and Art Cashin, we believe. The bears had been drinkin’ too much eggnog, And we’d begged them to buy more Citigroup. But they’d believed too much in Whitney, So off the margin calls knocked them for a loop. When they found them Christmas mornin’, At the scene of the…

By John Galt December 22 2011 – 04:59 ET This is the time of year where the idiots will tell the viewers of the various bubblevisions that the Santa Claus rally is a sign of underlying economic strength and that this portends a bullish 2012. They will claim it means a major economic turn around is coming and blah, blah, blah. Really? Did anyone tell Asia last night where Shanghai had its 4th negative close in a row and is in danger of crashing to…

By John Galt December 20, 2011 – 05:20 ET Yesterday’s market action on thin volume was in a word, brutal. All of the indicators that Santa Claus was going to save the day failed. Gold rallied above $1600, then fell. Oil barely moved. Financial stocks scream of a disaster building cause in the markets. And despite the horrid yields, people are piling cash into the U.S. bond market, even accepting real and net negative yields to insure the return of capital. The S&P 500′s failure…

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!

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.

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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Posts Tagged ‘ DJIA ’

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