Stockmarket February 2012

[sunseeker]

Greece 30% haircut....
When is a default not a default?
When it's a cover up (a deliberate mainstream media blackout) .

FIVE MAJOR US BANKS ARE TECHNICALLY INSOLVENT....
The Banks didn't learn the lessons of 2008. In fact they've taken the practices which caused that crash to even greater hights (too big to fail)....

Jim Sinclair (don't miss it)....

http://www.youtube.com/watch?v=9802NwSSS6U


Some of the main points...
http://www.examiner.com/finance-examiner-in-national/jim-sinclair-isda-to-determine-this-week-if-five-major-us-banks-go-insolvent

The ISDA...

It is the singular, most important organization, with more power than governments.   It will determine whether five US banks go insolvent.  Tomorrow.

Link mentioned in the interview..
the International Swaps and Derivative Association (ISDA)

http://www2.isda.org/

Another opinion
 

1934-1937 vs. 2008-2011: The Striking Similarity

http://wallstreetpit.com/69041-1934-1937-vs-2008-2011-the-striking-similarity

“If the current bear market rally follows the same path as the bear market rally of 1934 to 1937, we have 10 months left before the next phase of this bear market gets underway. But this time, the after-effects could be much worse than the Great Depression.”

In short 2008 was nothing when compared to what we are about face.

ATB 

[MetalMeister]

Ummm, make that a 70+% haircut!

http://www.reuters.com/article/2012/01/31/us-greece-finmin-idUSTRE80U1RW20120131

http://www.zerohedge.com/news/greece-warns-it-will-soon-be-condition-absolute-poverty

Greece 30% haircut....
When is a default not a default?

Hmmmm, that 10 months brings us up to date to just about now!

It seems to me that the world is on a path to even out the economic inequities between countries, i.e., the West standard of living has to tread water or go down and the East must rise.  At some point in there, I believe Western countries will wake up and realize that this is headed back to making all of ones own stuff and then jobs will abound.
 

1934-1937 vs. 2008-2011: The Striking Similarity

http://wallstreetpit.com/69041-1934-1937-vs-2008-2011-the-striking-similarity

“If the current bear market rally follows the same path as the bear market rally of 1934 to 1937, we have 10 months left before the next phase of this bear market gets underway. But this time, the after-effects could be much worse than the Great Depression.”

In short 2008 was nothing when compared to what we are about face.

ATB 
[/quote]

[sunseeker]

Ummm, make that a 70+% haircut!

Hi MM

When I wrote the post out I had 30% in my mind from what JS said just before....

                   http://tinypic.com/r/xgjyfo/5

Of course 30 cents on the dollar equates to a 70% haircut.

I realised later but I thought that I'd let it stand to see if anyone would pick up on it.
 
Well spotted Ole Eagle Eyes. 

                                   



 
This came up in a quiz yesterday..
Who's grave has the inscription on it “THE BEST IS YET TO COME.”

Reveal..
http://i42.tinypic.com/fnhhy1.jpg

Of course you knew that.

I didn't. 

ATB 

[Beginner]

http://www.stratfor.com/weekly/germanys-role-europe-and-european-debt-crisis?

Looks like Greece may default rather than be submitted to a European Commissioner.  If Greece defaults, which would be the moral thing to do, rather than have their children and grandchildren paying off a debt which they never incurred, then the rest of Europe may follow suit.  Then Germany would be in big trouble.  When Europe collapses, then the spotlight will return once more to the US.  No happy endings in sight.

[MetalMeister]

It will indeed be interesting.

Here's the latest from Greece:  http://www.zerohedge.com/news/greece-draws-line-unity-government-leaders-refuse-cede-further-troika-austerity-demands

Their PM is making no headway in additional austerity measures!

Default would trigger quite some CDS payments.

[sunseeker]

Walter Schloss’ 16 Golden Rules For Making Money In The Stock Market

http://www.dailymarkets.com/stock/2012/02/04/walter-schloss-16-golden-rules-for-making-money-in-the-stock-market/


My cotton and sugar plays are going up nicely today. 
Off setting losses elsewhere any way.

ATB 

[MetalMeister]

DOW to drop 4,000?  Joe Granville says so.

http://allstarcharts.com/video-mr-obv-joe-granville-says-dow-will-drop-4000-points-this-year/

[sunseeker]

DOW to drop 4,000?  Joe Granville says so.

http://allstarcharts.com/video-mr-obv-joe-granville-says-dow-will-drop-4000-points-this-year/

Hi MM

An extract from this link I posted earlier..

( http://buy-high-sell-higher.com/forum/general-discussion/thought-provoking-t1042.0.html;msg16069#msg16069 )


http://www.theburningplatform.com/?p=28887
 

What you most certainly did not hear from the MSM is that the NASDAQ is still down 42% from its 2000 high of 5,048. None of the brain dead twits on CNBC pointed out the S&P 500 is trading at the exact same level it reached on April 8, 1999. Twelve or thirteen years of zero or negative returns are meaningless when a story needs to be sold.

ATB 

[MetalMeister]

Fed assets.

[sidewinder]

looks like they are on a roll.  Where do I invest?

[sunseeker]

Fed assets.

AND

looks like they are on a roll.  Where do I invest?

Hi SW

Buy JPM and GS I suppose.

Hi MM

I'm looking at that chart through Rioja tinted glasses at the moment. But...


The FED Assets chart



…...seem to have (almost) disappeared.
     
      To be replaced by.........





Federal Reserve and Big Banks Are Going to Crush the Dollar …...

http://www.washingtonsblog.com/2012/02/federal-reserve-and-big-banks-are-going-to-crush-the-dollar-and-american-savers.html

too big to fail banks want Americans to pay to have the luxury of holding their money in bonds.
 
American savers – and especially those living on fixed incomes and pensions – are going to get creamed

.  :
 

ATB