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 6, 2013 13:45 EDT This is a small hint but tomorrow’s action when more markets are open will tell if the world wide sell off accelerates. Today’s market was down 64.36 or 0.90%. (Chart from Bloomberg.com)
by John Galt April 3, 2013 21:00 EDT Just wow. I feel bad for the people of South Korea and hope that all the North is doing is a game of bluster for further negotiations but many experts do not think so. Thus why the South Korean stock market remains under pressure again tonight: Get ready for more heavy selling if there is any indication of military activity by the North….
by John Galt March 31, 2013 11:00 ET Happy Easter to all! I find this morning’s action overseas quite interesting, as some of the major players in the Middle East equity markets sold off with no apparent cause or news event. Are they sending a message about the start of Q2 in the inept, corrupted, and manipulated Western markets? We’ll find out soon enough as the second quarter begins and the insanity of our centrally planned economy either bears more fruit of false…
by John Galt March 27, 2013 22:30 ET Bloomberg started the Slovenia hit parade not even within a day of the “resolution” to the Cyprus crisis with this article: Slovenia’s New Cabinet Under Pressure to Avoid Cyprus Fate How bad is it? Their banks need upwards of €3 billion plus with an immediate need for liquidity for their banking system of €1 billion. Of course the European Union doesn’t realize that the more matches they flick on the Balkan powder keg, the more likely…
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 26, 2013 20:00 ET Way, way, way, way, back in U.S. history, a lesson was learned in 1933 with the issuance of Executive Order 6102 by Obama’s model, Franklin Delano Roosevelt: The President used his powers and disputes of the historical account about “seizing” safety deposit box contents have ensued to this day. The rumors of such confiscatory actions by the I.R.S. led some citizens to voluntarily comply and pull their gold from their bank safety deposit boxes and turn…
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 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 2, 2012 19:30 ET On CNBC today, Jim Cramer made a big deal about the Knight fiasco and offered his own commentary in support of the average investor: Yes, Mr. Cramer, we are disgusted with the lack of ethics on Wall Street. And YES, Mr. Cramer, we are sick and tired of market gurus and sycophants who claim to be for the average man or investor only to discover how corrupt they really are. For…
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 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 18, 2012 13:05 ET Everyone break out your ASE 1000 party hats because any day now this sucker is going to double! Or not. The massive 3+% rally is on this five year chart, uh, er, somewhere on the chart below provided courtesy of Bloomberg.com; one might want to grab a magnifying glass to find it. To quote Jim Cramer “BUY! BUY! BUY!” Because there are still thousands of suckers dying to sell to anyone…
By John Galt May 15, 2012 – 17:55 ET Hide the chuldren. Hide the dogs. Hide the cats. Put the cows into the barn. And buckle up as Doomer Tuesday returns with a news vengeance tonight. 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 May 10, 2012 18:45 ET As the market appeared to find a footing today, J.P. Morgan Chase (Symbol: JPM) yanked the rug out from the bulls and Bubblevisionistas with an incredible 10Q release and conference call which imploded the market after hours (See Bloomberg News: JPMorgan Reports $2 Billion Loss on Synthetic Positions). the truth though is that before this announcement, enough gasoline was already on the fire to indicate that there is a nasty bear phase approaching which will create…
by John Galt May 9, 2012 18:25 ET From Reuters: Equity funds lose most since start of year -ICI How bad was it? From the article: Oops. So much for the CNBC propaganda.
by John Galt May 7, 2012 05:25 ET With the election results indicating a shift of Greek public sentiment away from austerity and their Euro masters, the investing public (aka banksters) are getting the hell out of dodge. The Athens stock market opened up down 8% but has stabilized at just over 6% down at this time: While that might seem ugly, the nation of Cyprus, whose fortunes are tied to the nation of Greece in more ways than economics but as a…
by John Galt March 4, 2012 21:30 ET There is no doubt in my mind now. Technical issues do not matter. IBM or GS losing 30% does not matter. Oil at $20,000 per barrel, does not matter. The U.S. Dow Jones Industrial Average is heading for 15,000 if not higher as the one bit of news holding the market back was broken via Reuters tonight: Libyan stock exchange says to re-open on March 15 (click on the title above to access article in full) From…
by John Galt February 28, 2012 16:10 ET Is any commentary really necessary? Now that the two gratuitous size queen photos are out of the way, here is what the United States Department of the Treasury, Propaganda Division, wants you to see: And what they don’t want you to see: Carry on. And buy more Gold and Silver. I’m just sayin’.
by John Galt February 26, 2012 08:51 ET Usually before a large decline in our equity markets the Israeli TASE (Tel Aviv Stock Exchange) declines sharply. The problem with the move over the last 3 trading sessions is that there are some extenuating factors including the Iran crisis, Gaza heating up again, and a new Intifada starting in the West Bank. Considering the bull run that many world markets have been enjoying, this could well be a warning signal that a correction of 10-15%…
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 15, 2012 08:15 ET The first major stock market is open for trading after the massive wave of S&P downgrades for the Eurozone and the results are not surprising with the Israeli TASE down 1.18% in late afternoon trading: The Arab markets throughout the region are mixed throughout the region with Dubai registering the second largest drop compared to the TASE, down 0.98%. (via BTFLive.net) The Asian open will be the most fascinating aspect of trading tonight because a…
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 9, 2012 05:15 ET Today is going to be a snoozer. With volumes anemic and the start of earnings season which is a total crap shoot this time around, do not look for any dramatic moves in any U.S. markets today barring some shocking geopolitical event. The head of the ECB is not named “Tebow” and the 1,321 summit between Sarkozy and Merkel is beginning to resemble a marriage counseling meeting rather than a serious attempt to resolve the problems…
By John Galt January 3, 2012 07:30 ET Happy New Year and enjoy the faux Wall Street party today because it will not last long. Futures are up this morning but not due to a sudden resurgence in the U.S. economy or some miracle created by Obamanomics. The reality is that everything is still tied to the actions in the Eurozone and price action in the Euro and each tick up in the S&P 500 can be tied directly to the USD/EUR and EUR/JPY trades…
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 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 – 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…
By John Galt December 18, 2011 – 23:45 ET Two not so -subtle hings from Yahoo Finance about how bad things can get on short notice: OUCH! And the Euro isn’t much better….. It might be a short night of sleep boys and girls, it could get interesting now…
By John Galt December 14, 2011 – 07:55 ET All you need to know (chart from INO.com): While everyone is focusing on the imploding EUR/USD trade, the EUR/JPY trade is far more fascinating as not only is it approaching the September-October lows, it appears that that the European Union is having to choose between which foreign currency to counter. With a reported dollar shortage in Europe and some Asian nations, the swap lines are wide open but the Euros can’t win in a multi-front war…
By John Galt December 5, 2011 – 07:40 ET All is well with the world once again. Santa Merkel has hung her Grinch suit in the closet and donned her stunning old school statist outfit to prove that she can out-Bernank the Fed. Sarkozy had put on the French Poodle outfit in an obedient manner as a good lap dog for Germany would be expected to do. Of course the French President has yet to move his offices to Vichy but that’s just a matter…
By John Galt November 30, 2011 – 09:00 ET No words are necessary to tell you what is happening next, so I thought I would let the 2008 charts speak for themselves. (Click to enlarge/reduce chart size) Sept 2008 S&P 500: Aug 2008-Dec 2008 S&P 500: Sept 2008 Gold: Notice the spike as gold rallied on the dollar swap liquidity announcement. Aug – Dec 2008 Gold:
By John Galt November 1, 2011 – 22:00 ET The calm before the storm is in place as the breaking news tonight via The Athens News: Cabinet backs PM’s referendum decision The cabinet decided early on Wednesday to back Prime Minister George Papandreou’s proposal for a referendum on a European Union aid deal, the government spokesman said. “The cabinet expressed its support,” said government spokesman Elias Mossialos. “The referendum will take place as soon as possible, right after the basics of the bailout deal are…
By John Galt October 19, 2011 – 22:25 ET Wow. Not a good news to be long Hong Kong or in the Shanghai markets tonight. Is this the start of the technical breakdown of all the equity markets in Asia or just another tease until Europe drops the big one on the world? Stay tuned. First from Yahoo Finance, here are the charts which update themselves from Hong Kong: And from Shanghai: Stay tuned as the next two weeks could get rather interesting.
By John Galt October 7, 2011 – 05:30 ET With Europe temporarily off of the front pages, that leaves their banksters alone to commit Eurocide and allow the markets to focus on the U.S. non-farm payrolls report. As the S&P 500 slammed into a short term resistance area around 1164-1165 yesterday, I figure a spike towards the 1180ish 50 DMA might occur if the NFP shocks everyone or provide the markets an excuse to take profits and resume selling should the number disappoint. The consensus…
By John Galt October 3, 2011 – 23:25 ET Thanks to an email jostling my memory, I dug up the old videos I posted on YouTube and sure enough, even though my timing as usual is not “perfect” I predicted the events in our equity markets that we have witnessed since Labor Day. The bloodbath is just starting however and I’ll post a new video up tomorrow to outline why I think the S&P 700 prediction from the other gentleman might just be conservative. ALL…
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