Clueless rants on the economy and politics

[CluelessStockJunkie]

Penny stock biz is getting hit hard, if you have a stop sign pink certs are no longer taken anywhere !!!

[CluelessStockJunkie]

Tired of the bullshit.

[CluelessStockJunkie]

It will be about good and bad on VPLM, economy and various topics.

[CluelessStockJunkie]

I can moderate it as I want

[CluelessStockJunkie]

This is mine

[CluelessStockJunkie]

Mayan\Mexican proof: http://www.reuters.com/article/2011/09/26/idUS333894436320110926

[CluelessStockJunkie]

http://www.infowars.com/jesse-ventura-on-fox-business-news/

[CluelessStockJunkie]

25% increase in foreclosures..........

http://finance.yahoo.com/news/US-homes-lost-to-foreclosure-apf-1876677331.html?x=0

25% increase in foreclosed properties in August alone and there is no way for the market to absorb it. It will lead to a further decrease in housing prices.

But then again, what do I know............

[CluelessStockJunkie]

Hindenburg Omen: Why equity investors should be very afraid

By Steven Russolillo

The Hindenburg Omen reared its ugly head late last week, signaling more doom and gloom as stocks plod along amid the dog days of summer.

The Omen, a technical indicator which uses a plethora of data to foreshadow a stock-market crash, was tripped again on Friday, marking the second time since Aug. 12 it has occurred. (It also came close on Thursday, but one of its criteria fell short.)

The latest trigger has prompted the Omen’s creator, Jim Miekka, to exit the market. “I’m taking it seriously and I’m fully out of the market now,” Miekka, a blind mathematician, said in a telephone interview from his home in Surry, Maine. “I would’ve probably stayed in until the beginning of September,” depending on how the indicators varied. “That was my basic plan, until the Hindenburg came along.”

The Omen has been behind every market crash since 1987, but significant stock-market declines have followed only 25% of the time. So there’s a high likelihood that the Omen could be nothing more than a false signal.

But that isn’t stopping Miekka from taking any chances, especially as September, typically the market’s worst-performing month, sits only one week away.

“It’s sort of like a funnel cloud,” he said. “It doesn’t mean it’s going to crash, but it’s a high probability. You don’t get a tornado without a funnel cloud.” He added he’s not currently shorting anything, although he may look to short Nasdaq stock index futures in the next few weeks, “depending on how the technicals go.”

Despite the ominous forecast, there are some glimmers of hope. Miekka doesn’t expect to sit on the sidelines for very long. In fact, Miekka, who is an avid target shooter despite being blind, is looking at put volumes and various moving averages that will offer clues of when he will start buying again.

“With what we have now, I think it’s possible we could get a 30% decline going into the fall,” Miekka said. “But I would expect some type of sell off and be buying at a lower price.”

[CluelessStockJunkie]

Home sales plunge 27 pct. to lowest in 15 years

http://finance.yahoo.com/news/Home-sales-plunge-27-pct-to-apf-2949326144.html?x=0

WASHINGTON (AP) -- Sales of previously occupied homes plunged last month to the lowest level in 15 years, despite the lowest mortgage rates in decades and bargain prices in many areas.

July's sales fell by more than 27 percent to a seasonally adjusted annual rate of 3.83 million, the National Association of Realtors said Tuesday. It was the largest monthly drop on records dating back to 1968, and sharp declines were recorded in all regions of the country.

The plunge in home sales also magnified fears about the broader economy.

"The housing market is undermining the already faltering wider economic recovery," said Paul Dales, U.S. economist with Capital Economics. "With the increasingly inevitable double-dip in prices yet to come, things could yet get a lot worse."

[CluelessStockJunkie]

Time to short the Yen:

http://www.marketwatch.com/story/yen-soars-against-dollar-euro-despite-warning-2010-08-24?dist=beforebell

Japan's yen soars against dollar and euro

LONDON (MarketWatch) -- The Japanese yen flexed its muscles Tuesday, soaring to multi-year highs on the dollar and the euro despite a warning from Japan's finance minister that the currency's rise could create economic instability.

Minister Yoshihiko Noda, in a news conference, declined to comment on the potential for Japanese intervention in the foreign-exchange market, which traders took as a green light to sell the dollar and the euro against the yen, strategists said.

[CluelessStockJunkie]

A continuing surge of foreclosures is also making the problem worse.

http://finance.yahoo.com/news/Ahead-of-the-Bell-July-home-apf-4222412474.html?x=0

The nation is now on track to have more than 1 million homes lost to foreclosure by the end of the year, according to foreclosure listing service RealtyTrac Inc. That would eclipse the more than 900,000 homes repossessed in 2009, and compares with the more than 100,000 homes that lenders typically seized per year before the housing bust.

[CluelessStockJunkie]

We ain't getting better anytime soon:

Stock futures drop on global economic worries

http://finance.yahoo.com/news/Stock-futures-drop-on-global-apf-2362631666.html?x=0

NEW YORK (AP) -- Stock futures retreated Tuesday following the lead of overseas markets as investors worldwide continue to worry about the pace of a global recovery.

U.S. traders are bracing for another disappointing report on the housing market later Tuesday.

Japanese markets led the way lower overnight, falling more than 1 percent as the yen hit a fresh 15-year high against the dollar. Japan's economy relies heavily on exports, so a stronger yen hurts profitability. European markets were also sharply lower.

Investors jumped back into the Treasury bond market as they shunned stocks because of the economic worries. That sent interest rates lower.

The National Association of Realtors is expected to report that sales of previously occupied homes plunged in July to their lowest level in more than a decade. Economists predict sales fell as much as 26 percent in July from a month earlier to a seasonally adjusted annual rate of 3.95 million.

[CluelessStockJunkie]

Stocks slip as economy worries outweigh deal news

http://finance.yahoo.com/news/Stocks-slip-as-economy-apf-2372605220.html?x=0

NEW YORK (AP) -- Stocks slumped to a weak finish Monday as lingering worries about the economy overcame optimism from a fresh round of corporate dealmaking.

Stocks had an early lift after Hewlett-Packard Co. bid 33 percent more than rival Dell Inc. for a data storage provider, but the gains faded quickly.

The Dow Jones industrial average was up as much as 91 points in early trading but turned mixed for much of the day. A slump in the final half-hour of trading left the Dow with a loss of 39 points.

Despite the positive deal news, a number of worries about the economy are keeping a lid on the market, especially a reluctance among companies to create jobs. Stocks had a two-day selloff late last week after first-time claims for unemployment benefits jumped to their highest level since November.

"Companies are not hiring because they don't know the rules of the game," said. Frank Ingarra, co-portfolio manager of Hennessy Funds. "When you don't know the rules, you pack up and go home."

[CluelessStockJunkie]

Stocks slide as investors' malaise continues
It is not getting better ! ! !

http://finance.yahoo.com/news/Stocks-slide-as-investors-apf-1875922890.html?x=0

NEW YORK (AP) -- Stocks closed moderately lower Friday as investors' pessimistic view of the economy deepened.

There was little reason for investors to buy. There were no reports to offset Thursday's disappointing news that growth in the domestic economy continues to slow. The Dow Jones industrial average fell 57 points a day after falling 144. The other major indexes also fell moderately.

"We're not seeing any significant growth prospects," said Peter Costa, president of Empire Executions. "Why be in the market if there's no (near-term) prospects for growth?"

[CluelessStockJunkie]

Jobless highest level since November 2009

And things are improving or getting better ????

http://www.marketwatch.com/story/jobless-claims-at-highest-level-in-nine-months-2010-08-19?siteid=bnbh

http://finance.yahoo.com/news/Jobless-claims-rise-to-apf-896075528.html?x=0