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Daily Archives: 10/08/2011
8/10 V of Galt: Yeah, it’s one of THOSE shows
By John Galt August 10, 2011 Can you say pain? 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 participate in the chat room with like minded Americans.
Stick Save on the S&P 500 but now the Bad News
By John Galt August 10, 2011 -17:15 ET The markets today managed to execute a nice stick save at the close saving the S&P 500 from the 1118 level which would have been lower than Monday’s nightmare finish. However, that is where the good news ends. The bad news is that the markets are still following a frenetic 2008 style trading pattern with massive volume, mass executions of good stocks along with bad, yet still you have the same idiots aka “the Usual Suspects” telling…
If the S&P Closes Below Monday’s Levels it is Armageddon
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’….
US Mint Suspends Sales of Proof Gold Coins
By John Galt August 10, 2011 – 08:31 ET But it’s just a useless barbaric metal that just lies there. This suspension does not include bullion coins, FYI, just proof collectibles. From the U.S. Mint’s homepage this morning: (Click to enlarge/reduce picture)
It isn’t 2008 but Don’t tell the Charts that
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.
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