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...
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...
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)...
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...
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...
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...
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%,...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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....
By John Galt October 3, 2011 – 15:20 ET Just look at the arrows. No further comment is necessary as this isn’t even a capitulation move….. Snapshot from the Wall Street Journal Market Data page:
By John Galt October 2, 2011 – 20:15 ET For the NIKKEI 225 to open that ugly, down 2.01% or 174, that’s an uh-oh… But for copper to crater and the Australian ASX to open down 2%, just wow: Does this mean the 4th Quarter will be as ugly as I think it will be? Stay tuned. It’s getting interesting….
By John Galt September 21, 2011 – 18:30 ET The battle of demographics, logic, and incompetence within the great American economic model is about to come to a head. The aging population with demands on the government for social programs and aid versus the younger, less educated, quasi-Marxist believers are incapable by and large of supporting the elderly, much less themselves. The United States government has demonstrated total incompetence doing the very basic function of balancing the budget and as a result, while wars...
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...
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...
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 September 5, 2011 – 08:15 ET As the world turns….into crap. No one apparently has any faith that the Fed will do enough, no faith in Obama to announce anything of consequence, and no faith in the honesty of the French banksters. Thus the formula for today’s across the board sell off in Europe. Germany, getting zapped the worst is watching the DAX crater 3%+: France is getting ready to surrender also: Austria down 3%: FTSE 100 just ugly: and now...
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....
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...
By John Galt July 11, 2011 – 09:58 ET You would think I was talking about another campaign in the desert against the British during World War II. After all that hard work to rally towards the close on a rumor of victory over the evil banksters, well, boom, is is now down almost 1% or 141.52 as of this entry.
By John Galt August 10, 2011 – 15:40 ET 1119 better hold or this week could get ugly as Friday approaches. I’m just sayin’….
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...
By John Galt August 8, 2011 – 09:59 ET Y’all might want to watch this today…it could get ugly.
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...
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 3, 2011 10:23 ET Uh-Oh….just blew through 1249, now at 1246. Is this the day of massive capitulation or? First chart is static snapshot from Bloomberg.com:
by John Galt August 1, 2011 Just a quick noon time observation but the 200 day moving average on the S&P 500 is now history and below 1254 there is nothing but gravity and air. Could this be the long stalled panic sell off or do we bounce off of this year’s lows? Press your “PANIC” key now to get the Bernanke out there buying all the crappola to save our nation from uh, itself.
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