Stockmarket January

[sidewinder]

I would believe anything as long as the conclusion was .... somebody is looking for a job. 

[onlooker]

I am going to put on my _ _ _   _ _ _ _   _ _ _
see: http://riverdaughter.files.wordpress.com/2009/02/tinfoil.jpg  and make the following conspiracy-ish comments.

I think that for the past couple of decades, the America markets have been well developed by a powerful Powers To Be (PTB)  - Masters of the Universe (see: http://news.muckety.com/2008/10/10/goldman-sachs-alums-oversee-financial-institutions-around-world/5681  .)   

As a result, the current markets are not free and can be manipulated.  The major players of the current American markets are the PTB.  So, when required, the PTB can turn on key trading screws, take control of the current markets, and make them go up or down significantly.

Bank of America Corp. and JPMorgan Chase & Co. lost more than 6 percent today to lead the S&P 500 Financials Index to a 3.1 percent slide, the biggest in almost three months.

“Financials are selling off and dragging down the market,” said Michael Nasto, the senior trader at U.S. Global Investors Inc., which manages about $2.5 billion in San Antonio. “There’s concern about an overhaul of financial services companies, with increased regulation, hurting the bottom-line of banks.”

See:  http://www.bloomberg.com/apps/news?pid=20601087&sid=aqcud1hPq5hM&pos=2

The DJI has gone from a January 19, high of over 10700 to a today low of 10630.  Am I worried?  Nah.  The end of DJI's miracle run from the 2008 lows is here?  Nah.  I suspect this DJI downturn serves a political purpose.

Federal Reserve Chairman Ben Bernanke’s term is coming to an end on January 31.  The PTB’s problem is that there are senators who can see right from wrong and want to prevent Bernanke from keeping his chairmanship. 

See:  http://www.huffingtonpost.com/2010/01/21/bernanke-vote-opposition_n_431315.html

After the markets did a deep dive starting around January 19, on January 25 PTB’s Timothy Geithner came out swinging for Bernanke by saying that the markets can tank if Bernanke is voted out.

See:   http://www.politico.com/news/stories/0110/31804.html#ixzz0dkFl0HAs

PTB and friends, like Timothy Geithner (previously, it was Hank Paulson and the emergency TARP program) know how to be a fear mongers.

So, not surprisingly, combined with Timothy Geithner's warning and the recent DJI downturn, there suddenly appears to be more senators who will not rock the boat by voting out Bernanke. 

WASHINGTON — A defeat of Federal Reserve Chairman Ben Bernanke’s quest for another four-year term could raise the risk of a “double dip” recession if political jousting over a successor were to drag on for months, economists warn.

But Bernanke’s prospects appeared to brighten Sunday, with three more senators, including Republican leader Mitch McConnell of Kentucky, predicting he’ll be confirmed.

See:  http://www.nhregister.com/articles/2010/01/25/news/a7-bern1st.txt

Once Bernanke’s chairmanship is confirmed on February 1, I think the DJI will continue on with its way to making a miraculous recovery unobstructed.   

~  ~  ~  ~  ~  ~   ~

For a non conspiracy-ish explanation on why the January markets have gone down, see:  http://politicalcalculations.blogspot.com/2010/01/bernanke-correction.html

[Beginner]

Someone should tell Jim Dines about this rare earth bonanza in Greenland:

http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article6860901.ece

[jjj000]

as the commenter pointed out, the company is GDLNF.PK

[Uboat]

A boost for medium term uranium buffs from main street: “Softness in prices is expected to persist in the near term, especially with utility requirements at a low level of 4.5 million pounds in 2010. However, utility demand should ramp up to 18 million pounds in 2011. With a pickup in strategic buying by China and India, Ms. Mohr expects significant price improvement by late 2010 or early 2011.”

http://www.theglobeandmail.com/globe-investor/e-zines/globe-investor-magazine/owning-uranium-producers-could-be-a-long-term-energy-strategy/article1444835/

[sidewinder]

AAPL was an interesting play today.  Stock drops almost 4% up to and after the announcement and news with Steve Jobs playing with the new Ipad (sounds like an electronic feminine product) .  They did not say how much the thing would cost until much later in the afternoon. 

Price comes out a little less that speculated and the TV people change their tenor.  Stocks up 5% from the lows suddenly.  It's not like you can't see this happening. 

Ipad looks like a giant Iphone or Itouch.  One of my kids has an Itouch which is exactly an Iphone without the phone feature.  It's neat and I set it up for him so played with it for a few days.  Put about 1100 photos and every MP3 on my computer on the thing and still have 78% of the room left on it and it functions well.  All and All I like it but I have a nice small phone that does what a phone is supposed to do... send and receive calls.  If I need email, video and such I have 3 laptops and 3 desktops lying around to do the job.  So, again I just don't get it.  But youngsters will want it so there you go.  Just don't see 7-900 dollars value myself, but then again I think buying any new car is foolish.

 I did buy my wife a new Lexus once because she really wanted an new one and complained about always having to drive someone's "Old" car.  I actually always find something less that 2 years old with low miles all the time for way less than any dealership will let one out the door. A friend is CEO of a Credit Union and last two years people are just walking in and throwing the keys to all kinds of nice SL400s and LS450s as they walk away.  Bank just wants most of the money back and these things are cheap from a practical standpoint.  Ipads will be cheap in plenty of time for me but for now I am just looking for the next bubble.  Maybe techs will rise again?   

[sidewinder]

GDP up 5.7% popped the market a bit on the news. 

we shall see what happens in about 45 minutes.  Timing on these hearings, appointments and announcements are timed very well with good numbers. 

[sidewinder]

Love sham wow and Snuggy ads on TV?

 Now we have the EZ-cracker, a hand held device that cracks and separates the yolk and white of the lowly but majestic egg.  Just when I thought I had seen it all along come this thing.  It looks as though it could be used by both a gynecologist and the nad doctor for EZ Vasectomies.

For 20 bucks you never need to worry and have anxiety attacks at the thought of having to crack an egg by hand. 

It should come with and attachment to euthanize the fool that purchases this engineering miracle.  It could help identify the carriers of the stupid gene.  (don’t care what science says there just has to be a stupid gene).  Is this how America will innovate its way out of debt. 

This commercial makes me dizzy

[sidewinder]

A little gamesmanship?


http://www.breitbart.com/article.php?id=CNG.44ec3a3581bd2b87b081a9614648ee11.c61&show_article=1

[MetalMeister]

There's a lot of sharks in the waters for those trying to place assets overseas...  And it's not even the US government in most cases!



Found a series of articles on the subject of the dangers overseas cubby holes:

http://dollarcollapse.com/articles/sharks-in-offshore-waters-part-one/

http://dollarcollapse.com/articles/sharks-in-offshore-waters-part-two/

http://dollarcollapse.com/articles/sharks-in-offshore-waters-part-three/

Next week's article will be offshore gold storage.