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Debt Bubble burst ~ Ma Ma Bear
Love Ma Ma Bear The global problem is over population and market hype. We all know that machines are replacing humans. America needs to plan and to be fair about the resources instead of using deception or manipulation. Proportionally, the world needs to plan family future with less people to be happy. Good thing that more people is waking up to facts and truth.
Ma Ma Bear! We are in cyclical bear market since Apr 2012 and in secular bear market since Mar 2000. US Markets will eventually follow Europe markets even though US Markets have stayed in higher VLT bubble trading range. Most of Europe markets are near the Secular bear market low range, and US Markets will follow the pattern. The current very long term secular bear cycle will be ended with this LT down trend, not a LT megaphone formation, with triple 3 correction to SPX 600 support.
http://trend-signals.blogspot.com/2012/05/20120531-market-summary-and-analysis.html
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Ma Ma Bear! We are in cyclical bear market since Apr 2012 and in secular bear market since Mar 2000. US Markets will eventually follow Europe markets even though US Markets have stayed in higher VLT bubble trading range. Most of Europe markets are near the Secular bear market low range, and US Markets will follow the pattern. The current very long term secular bear cycle will be ended with this LT down trend, not a LT megaphone formation, with triple 3 correction to SPX 600 support.
http://trend-signals.blogspot.com/2012/05/20120531-market-summary-and-analysis.html
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Better yet: TAX BUBBLE SOLUTION as Obama would love it.
80% Tax on income over 200K.
Globally - only one child policy around the globe. Otherwise, they need to pay tax on more than one child.
A quick and rational solution than the Krugman babble debt bubble:
Sell-off market bubbles - hedge funds will pay profit as "normal income" therefore there will be massive trillions of Tax. That's one quick fix!
Financial net work is always misreporting, e.g. someone is making money whether market goes up or down -- but, they report as "market bubble" is a good thing when it is in reality financial nuke.
No More Insanity -- the mentally disturbed Krugman is continuing to destroy America using his insane and illogical babbles of massive debt bubble which was and is continuing to destroy America and the nations around the globe. People like him is the enemy of reason and rationality leading mass into miserable living hell. His idea is distributing drugs which were and are addicting and destroying normal life economic cycles. America and Europe is like drug addicts, and it does not heal itself by using more drugs -- Krugman = Madoff insanity
NO More of Krugman insane debt bubble drug bomb. Anyone checked what Krugman smokes making him delusional... America is going bankrupt and in financial insanity because of people like Krugman destroying America with bubbles. Obama-Krugman, Greenspan bubbles sucking up all wealth using financial market bubble is a good example.
~~
Krugman says we're still in a classic Depression.
Paul Krugman on Bill Maher:
We are in a depression. We are actually in a classic depression. A depression is when nobody wants to spend. Everybody wants to pay down their debt at the same time. Everybody is trying to pull back, either because they got too far into debt, or because if they’re a corporation, they can’t sell because consumers are pulling back. The thing about an economy is that it fits together. My spending is your income. Your spending is my income, so if we all pull back at the same time, we’re in a depression. The way to get out of it is for somebody to spend so that people can pay down their debt, so that we don’t have a depression. So that we have a chance to work out of whatever excesses we had in the past, and that somebody has to be the government.
http://www.americablog.com/2012/05/paul-krugman-on-why-austerity-is-recipe.html
The mentally disturbed Krugman is continuing to destroy America using his insane and illogical babbles of massive debt bubble which was and is continuing to destroy America and the nations around the globe. People like him is the enemy of reason and rationality leading mass into miserable living hell. His idea is distributing drugs which were and are addicting and destroying normal life economic cycles. America and Europe is like drug addicts, and it does not heal itself by using more drugs -- Krugman = Madoff insanity
NO More of Krugman insane debt bubble drug bomb. Anyone checked what Krugman smokes making him delusional... America is going bankrupt and in financial insanity because of people like Krugman destroying America with bubbles. Obama-Krugman, Greenspan bubbles sucking up all wealth using financial market bubble is a good example.
~~
Krugman says we're still in a classic Depression.
Paul Krugman on Bill Maher:
We are in a depression. We are actually in a classic depression. A depression is when nobody wants to spend. Everybody wants to pay down their debt at the same time. Everybody is trying to pull back, either because they got too far into debt, or because if they’re a corporation, they can’t sell because consumers are pulling back. The thing about an economy is that it fits together. My spending is your income. Your spending is my income, so if we all pull back at the same time, we’re in a depression. The way to get out of it is for somebody to spend so that people can pay down their debt, so that we don’t have a depression. So that we have a chance to work out of whatever excesses we had in the past, and that somebody has to be the government.
http://www.americablog.com/2012/05/paul-krugman-on-why-austerity-is-recipe.html
Only market hype not believing in market debt bubble.
Everyone is waiting for SPX 600 as there is no volume and interest.
$COMPX 2837.53 -1.85 -0.07% 1,234,133
$INDU 12454.60 -75.15 -0.60% 617,555
$INX 1317.81 -2.87 -0.22% 1,933,911
$NYA.X 7534.38 -17.95 -0.24%
Bubble crash is a solution, not a problem -- bubbles are the problems.
2008 wasn't the problem, it was the bubble led to 2008 was the problem.
~~
What Happened to Stocks? Most Unloved in 50 Years
Global stocks have not been so far out of favor for half a century, prompting many market watchers to declare the “cult of the equity” dead. The FT reports.
http://www.cnbc.com/id/47559783
Bubble crash does not create problems -- bubbles are the problems.
2008 wasn't the problem, it was the bubble led to 2008 was the problem.
~~
What Happened to Stocks? Most Unloved in 50 Years
Global stocks have not been so far out of favor for half a century, prompting many market watchers to declare the “cult of the equity” dead. The FT reports.
http://www.cnbc.com/id/47559783
Horrible market manipulation as only what they know is market hype and fraudulent pump in low volume beating dead horses.
$COMPX 2847.21 68.42 2.46% 1,781,369
$INDU 12504.48 135.10 1.09% 840,265
$INX 1315.99 20.77 1.60% 2,749,206
$NYA.X 7542.98 115.14 1.55%
http://trend-signals.blogspot.com/2012/05/qe-disaster-of-world-like-recreational.html
Since Mar 2009, all what they have done is running up 6.5 trillions of massive debt bubble hyping markets, creating more poor while running up interest on fraudulent debt. Unbelievable horror that no one is dealing with even though we see it every day.
Horrible market hype -- like beating volumeless tired horses.
$COMPX 2832.34 53.55 1.93% 1,239,543
$INDU 12462.62 93.24 0.75% 488,105
$INX 1310.64 15.42 1.19% 1,849,969
$NYA.X 7511.25 83.41 1.12%
The G-8 meeting is disasters of the world as nations around the globe is suffering from financial difficulties. They create disasters by manipulating and perpetuating "Debt" crisis as Greece -- actually Europe and America -- is going through similar phases of economic nightmare for many while a few are benefiting billions and trillions at the expense of many. Markets are at tops of bubbles -- the same financial nuke bombs which we have seen before......OMG - again G8 nightmare which is nothing but financial nuke bubble bombs
http://tinyurl.com/c5c4d26
World leaders backed keeping Greece in the euro zone on
Saturday and vowed to take all steps necessary to combat financial
turmoil while revitalizing their economies, which are increasingly
threatened by Europe's debt crisis. In
a bold statement of support for Europe, the Group of Eight leaders of
the world's major economies meeting at the wooded Camp David in the
Cactoctin Mountains of Maryland said the global economic recovery shows
promising signs but "significant headwinds persist."
Absolutely, that's my point that entire world is wasting our lives and resources on useless activities such as Facebook as you also noted. That is why I was saying that we need to have massive Science Boot Camps around the globe like military style, but it is about science and work. I think that there are millions of young college graduates wasting away their lives around the globe -- they need to use their young body, mind, and spirit to work!
It is only way to get out of global financial money games going nowhere except to global poverty - no other way because only a few get rich and the rest is going poor every day.
Facebook is really a waste.
Anyone uses Facebook?
I never used it because I didn't like it from the very beginning.
It's mostly waste of resources unlike Google which is a very good informational source in many aspects.
~
They say they want to change the world. But they also want to preserve their wealth.
The freshly minted tech millionaires and billionaires of Silicon Valley, including those benefitting from Facebook’s initial public offering today, are selling stock earlier and in larger numbers than previous generations of tech tycoons.
http://www.cnbc.com/id/47476718
Anyone uses Facebook?
I never used it because I didn't like it from the very beginning.
It's mostly waste of resources unlike Google which is a very good informational source in many aspects.
~
They say they want to change the world. But they also want to preserve their wealth.
The freshly minted tech millionaires and billionaires of Silicon Valley, including those benefitting from Facebook’s initial public offering today, are selling stock earlier and in larger numbers than previous generations of tech tycoons.
http://www.cnbc.com/id/47476718
Markets are horribly overbought in reality which any reasonable person would know how much bubbled up markets have been using massive trillions of debt hyping markets over 100% of debt bubble, it is astonishing that they are so delusionary. They never mention the other side of equation which is fraudulent 6.5 trillions of debt bubble to hype markets -- that has done nothing but making poorer except market hype.
~~
Stocks are at their most oversold levels since the doom days of the financial crisis and may be due for a rally, according to one measure.
http://www.cnbc.com/id/47473723
Forget Greece?! People are dying and living in misery -- forget Greece. Faber is obviously insane like Buffett who have participated global financial insanity and literally fraudulent market hype.
~~
Forget Greece, China Biggest Risk to Global Economy: Faber
Forget Greece, which is an "insignificant" economy, it is China that's posing the biggest risk to the global economy, Marc Faber the editor and publisher of the Gloom, Boom and Doom report told CNBC on Friday.
http://www.cnbc.com/id/47472497
Markets traded down 8% HL since April 2, 2012 from SPX 1422 to SPX 1304 after breaking out from 3 months trading range with an H&S formation. The current VST target is 1300 which we have seen today. The first target is based on the obvious round number S/R 1300 and a measured target from a slant H&S from lower left shoulder at 1325 to slightly upper right shoulder at 1365 from the head at 1422. Therefore a VST target of the slant H&S target is met at today’s closing price of 1304. However, the second target of H&S formation of Adam and Eve H&S with a right shoulder at 1340 is SPX 1280 with a 10 point range of 1270 -1280 +/-.
The market action during the OE week breaking out of the three month trading range on the OE Monday and follow through is nothing technically and fundamentally surprising as well as it is as bearish as markets are on orderly selling and profit taking phase. In fact, market actions are in line with technical analysis. With the News from Greek and JPM Dimon, markets are trading quite normal and orderly.
While very ST micro perspective comments by CNBC and Bloomberg headlines such as “SP500 Tumbles to Four Month Low Amid Economic Report” seems to be concerned to a few, most of market participants and watchers would not be surprised by the headlines as many are informed about the realities of financial markets and massive debt fiasco around the globe. Even though aforementioned market conditions are expected, I do not think that most of people do not realize one aspect of the recent development concerning JPM Dimon news headlines. Obviously I am not talking about the headlines on news media, but it could have a significant implication to market actions for 2012. I am not going to spell out what I am thinking because it could spoil my speculation used as a contrarian indicator. But sure it is an interesting catalyst at this time of the election year 2012.
VIX traded to VST target 24.50 as shown on the VIX weekly chart. Is it possible that VIX could jump to new high in 2012 as shown on the VIX monthly VLT chart analysis? It is possible that we could see VIX jump sooner than many are expecting in 2013. Is it possible whether markets will trade down going into the Nov 2012 election? It is possible as I see an example in a global market but I will not note which one it is. Markets closed at VST pivots as noted above, and market actions during the next week will be interesting if markets bounce and if so how much it will bounce at the 200dma as markets have signaled today closing below 200 dma. As for Facebook IPO, I see it as “Suckerville” not like Google which is a major service product; therefore, I don’t expect any major significance to market actions in intermediate or long term consideration.
Markets traded down 8% HL since April 2, 2012 from SPX 1422 to SPX 1304 after breaking out from 3 months trading range with an H&S formation. The current VST target is 1300 which we have seen today. The first target is based on the obvious round number S/R 1300 and a measured target from a slant H&S from lower left shoulder at 1325 to slightly upper right shoulder at 1365 from the head at 1422. Therefore a VST target of the slant H&S target is met at today’s closing price of 1304. However, the second target of H&S formation of Adam and Eve H&S with a right shoulder at 1340 is SPX 1280 with a 10 point range of 1270 -1280 +/-.
The market action during the OE week breaking out of the three month trading range on the OE Monday and follow through is nothing technically and fundamentally surprising as well as it is as bearish as markets are on orderly selling and profit taking phase. In fact, market actions are in line with technical analysis. With the News from Greek and JPM Dimon, markets are trading quite normal and orderly.
While very ST micro perspective comments by CNBC and Bloomberg headlines such as “SP500 Tumbles to Four Month Low Amid Economic Report” seems to be concerned to a few, most of market participants and watchers would not be surprised by the headlines as many are informed about the realities of financial markets and massive debt fiasco around the globe. Even though aforementioned market conditions are expected, I do not think that most of people do not realize one aspect of the recent development concerning JPM Dimon news headlines. Obviously I am not talking about the headlines on news media, but it could have a significant implication to market actions for 2012. I am not going to spell out what I am thinking because it could spoil my speculation used as a contrarian indicator. But sure it is an interesting catalyst at this time of the election year 2012.
VIX traded to VST target 24.50 as shown on the VIX weekly chart. Is it possible that VIX could jump to new high in 2012 as shown on the VIX monthly VLT chart analysis? It is possible that we could see VIX jump sooner than many are expecting in 2013. Is it possible whether markets will trade down going into the Nov 2012 election? It is possible as I see an example in a global market but I will not note which one it is. Markets closed at VST pivots as noted above, and market actions during the next week will be interesting if markets bounce and if so how much it will bounce at the 200dma as markets have signaled today closing below 200 dma. As for Facebook IPO, I see it as “Suckerville” not like Google which is a major service product; therefore, I don’t expect any major significance to market actions in intermediate or long term consideration.
I was pointing out the egregious flaws and financial impact. Horrible bubbles and scams
Everyone knows the switch. Thanks-but NO thanks Rather than wasting my time imposing what you think, do some research on your own and present charts on your own since your view and my view obviously different in wide angle. Make your own charts and show it.
Horrible bubbles and scams which we now have almost 500 trillions of derivatives because of the insane Act switch.
e.g. Dimon JPM 2 billion loss is NOTHING compared to multi-trillions of market bubble scam and debts which America and millions of people are faced with. Everyone knows that Dimon JPM has used the subprime as well as its derivatives more than anyone else.
http://www.cnbc.com/id/47386604
JPMorgan Chase lost $15 billion in market value and a notch in its credit ratings on Friday while a chorus of regulators and politicians reacted to its surprise $2 billion trading loss by demanding stiffer oversight for the banking industry.
Getty Images
Jamie Dimon, who has been a vocal critic of recent financial regulation, admitted the bank had been sloppy and had used bad judgement.
The loss by one of Wall Street's most respected banks [JPM 36.96 -3.78 (-9.28%) ] embarrassed chief executive Jamie Dimon, a leader lauded for steering his bank through the fallout from the 2008 financial crisis without reporting a loss.
Actually, the purpose was to point out the intent of the repealing Glass Steagall Act was to create the bubble-crash manipulation-fraud as we have seen. The repeal was basically loosen the robbery of American wealth after the tech bubble-crash manipulation as the history has proven.
http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act
<<the Glass–Steagall Act were repealed through the Gramm-Leach-Bliley Act in 1999 by President Bill Clinton>> Insane Clinton-Greenspan created tech and housing bubbles bankrupting America and millions of Americans.
No one with a right mind thinks that it wasn't intended to create bubble.
http://cantwell.senate.gov/news/record.cfm?id=324753&
You believe what you want to believe as you already has shown what you think by pointing out the act which replaced the Glass steagall legalizing massive bank manipulation and fraud which has bankrupted America and millions of Americans into poverty. Most of people in financial industry or media present only half of truth which is cumulatively fleecing naive public as we repeatedly have seen sucked into insane market hype into bubbles-crash insanity.
Bubbles are like financial nuclear bombs. The repeal of the act was just that.
Massive profit-taking on sleepville: all those who are sitting on 200% profit from 6.5 trillion debt starting to burst the bubble monster.
http://trend-signals.blogspot.com/2012/05/20120511-weekly-market-analysis.html
Hopefully everyone starts to take profit as most of market insiders are already sitting on 200% profit ever since March 2009 waiting for someone else to take stocks off from their fat cat profit.
Crash & Burn when everyone exits markets while sleeping on fat profits.
$COMPX 2933.82 0.18 0.01%
$INDU 12820.60 -34.44 -0.27%
$INX 1353.39 -4.60 -0.34%
$NYA.X 7815.78 -36.93 -0.47%
Big Question is -- Who would have traded against JPM Dimon who is also a part of Fed Reserve? He is not just JPM as he is the Fed Reserve.
Of course, he is also a real responsible for the housing bubble-crash and profited from the bubble-crash manipulation.
~
Wall Street may have lost its most potent spokesman against Washington reforms.
JPMorgan Chase Chief Executive Jamie Dimon has parlayed his bank's reputation as a white knight during the financial crisis into a position as the de facto representative fighting against excessive post-crisis regulation.
But the revelation of a shocking trading loss of at least $2 billion from a failed hedging strategy diminishes Dimon's credibility, and is already unleashing calls to get even tougher on big banks.
"The argument that financial institutions do not need the new rules to help them avoid the irresponsible actions that led to the crisis of 2008 is at least $2 billion harder to make today," said Democratic U.S. Representative Barney Frank, who co-authored the 2010 Dodd-Frank financial reform law.
Details are still emerging about the trading loss, the amount of which could still grow, and analysts said it is not yet clear if the trades would have violated the forthcoming Volcker rule reform.
Dimon has been critical of the Volcker rule, a provision in Dodd-Frank that will ban banks from proprietary trading, or trades that are made solely for their own profit.
Regulators are still working to finalize the rule, and to define an exemption for hedging. They have struggled with how to keep it broad enough to allow for bona fide hedging yet narrow enough to ensure that banks cannot pass off speculative bets as hedges.
Securities and Exchange Commission [cnbc explains] Chairman Mary Schapiro, whose agency is among the regulators finalizing the Volcker rule, said on Friday that regulators are monitoring the JPMorgan [JPM 36.96 -3.78 (-9.28%) ] situation.
"I think it's safe to say that all the regulators are focused on this," Schapiro told reporters after speaking at an Investment Company Institute conference in Washington.
The trading loss emboldened others to call for even more dramatic reforms than those currently being carried out as part of Dodd-Frank.
The 2010 law stopped short of dismantling the biggest banks or bringing back the Glass-Steagall law that separated federally insured banks from investment banks and insurers.
Dallas Federal Reserve [cnbc explains] Bank President Richard Fisher, who has advocated for the breakup of the top five U.S. banks, said on Friday he is worried the biggest banks do not have adequate risk management.
"What concerns me is risk management, size, scope," he said at a Texas Bankers Association meeting in answer to a question about JPMorgan's trading loss. "At what point do you get to the point that you don't know what's going on underneath you? That's the point where you've got too big."
JPMorgan is the largest U.S. bank with roughly $2.3 trillion in assets.
A Black Eye
JPMorgan emerged from the 2007-2009 financial crisis with the best reputation among big U.S. banks for identifying risk and for staying away from the pitfalls, like too much exposure to the subprime housing market, that damaged its rivals.
With that credibility in tow, Dimon has been vocal with his view that excessive regulation such as stringent capital standards, will make it harder for banks to provide loans and help drive economic growth.
"Has anyone bothered to study the cumulative effect of all these things?," he asked Federal Reserve Chairman Ben Bernanke in June at a banking conference in Atlanta. "Do you have a fear, like I do, that when we look back and look at them all that they will be a reason it took so long that our banks, our credit, our businesses and most importantly, job creation, started going again?"
Dimon was quick to admit on Thursday that mistakes were made and that bank executives have "egg on our face."
The mea culpa, however, does not soften the shot to his reputation.
"This is a black eye and it's acute because Jamie has been so critical of Dodd-Frank and the regulatory response to the financial crisis," said Brian Gardner, an analyst at Keefe, Bruyette & Woods Inc. "It undercuts his credibility at least in the short-term."
Dimon is scheduled to appear on NBC's Meet the Press on Sunday to discuss "is America better off than four years ago?" in an interview, awkwardly, taped this week before the bank disclosed its trading losses.
Reform advocates quickly seized on JPMorgan's trading losses.
"Jamie Dimon and JPMorgan Chase just proved what anyone not getting a paycheck from a Wall Street bank already knows: gigantic too-big-to-fail banks are too-big-to-manage," said Dennis Kelleher, president of Better Markets, a group that advocates for strict oversight of Wall Street.
http://www.cnbc.com/id/47390681
Markets stayed in a trading range of 5.5% 77 SPX points for 90 days and for the last two days in a VST range.
http://trend-signals.blogspot.com/2012/05/20120509-market-comments.html
SPX chart ~ unbelievable Ob.
http://trend-signals.blogspot.com/2012/05/20120504-weekly-market-summary.html
US Treasurys Are ‘Junk,’ Dollar Headed for Collapse: Schiff
http://www.cnbc.com/id/47256715
Horrible Ben+Obama junkies