Soaking in the soothing mineral waters
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I just listened on angelfire and the judge did not say hardly anything only she would take it all under advisement..Is she an elected judge or appointed one..She seems to be between a rock and a hard spot..Knowing that JPM is in the wrong and the pressure she is getting from the government. If she sides with JP in this matter it is clear to me that our justice system is completly corrupt.
The counterfeiting of shares is getting some coverage. http://www.rollingstone.com/politics/story/30481512/wall_streets_naked_swindle/1
wonder if the crooks that created the mess "JPM GS" will ever get on the chopping block...Sure the heck looks like they will walk and continue the deeds..They are all paying themselves high bonunes from the tax payers generosity..Well we did not have a choice..Oh right the whole worlds economy was going into the deep depression if we hadn't given all the cash to the banks so they could pay bonuses to their exec..Yea sure..Can I sell you some swap land in Florida...When will enough be enough...Why are these money manipulators continually put on a pedestal...
The maintream news is controlled propagander When all the networks cnn cnbc msnbc fox all show the same story at the same time, it is clear that it is just lip service to keep the public entertained...for instance all the coverage about the balloon boy..wonder what was really going on that the mask of that story was covering.
Question...If 4 bil is hammered down on JPM would WAMUQ trading be halted..
run up to .295 settle at days end 24.5
Urban will never be arrested
JPM may have got themselves in very hot water..
http://news.goldseek.com/GoldSeek/1255111200.php
By: Rob Kirby
Impeccably reliable sources have informed me that as recently as Sept. 30, 2009 – the last possible day of trade in the Sept. 09 gold futures – a number of well-heeled market participants “bought” substantial tonnage worth of gold futures on the London Bullion Market [LBMA] and immediately told their counterparties they wanted to take instantaneous delivery of the underlying physical bullion.
The unexpected immediate demand for substantial tonnage of gold bullion created utter panic in at least two banks who were counterparties to this trade – J.P. Morgan Chase and Deutsche Bank – because they simply did not posses the gold bullion which they had sold short [an illegal act which in trading parlance is referred to as a “naked short”].
Because these banks did not have the bullion to honor their contracted commitments, one or both of them approached the counterparties and asked if there was any way they could settle this embarrassing matter quietly on a “cash basis” to absolve the banks from fulfilling their physical bullion delivery obligations. The purchasers were not interested in a ‘cash settlement’ and demanded delivery of physical bullion giving these banks 5 business days to resolve the situation. A premium of as much as spot plus 25 % [that would be 1,250 – 1,300 per ounce of gold] was offered to settle this matter in fiat money instead of the embarrassment of a very public “failure to deliver” on the part of the London Bullion Market Association.
Earlier this week, no less than two Central Banks became involved in effecting the physical settlement of this situation. One of these Central Banks was British [that would be the Bank of England] – and reportedly, even they were only capable of providing less than pure, non-compliant gold bars that did not meet good delivery standards stipulated by the LBMA. Like it or not, this is a testament to lack of physical gold available, folks.
To summarize: Banks like J.P. Morgan Chase and Deutsche Bk. - who sold endless amounts of gold futures at prices of 950 – 1025 and then tried to make “side deals” with the folks they sold the futures to – offering them spot + 25 % [let’s say 1,275 per ounce] to settle in fiat – only after their counter parties demanded substantial tonnage of physical gold bullion.
Stunningly, if accurate [and there is absolutely no doubt in my mind that this is not], this means that gold is already in SEVERE backwardation and this fact is being hidden from the public.
Then, to protect the “integrity” of the futures market as a ‘price discovery mechanism’ – Central Banks – aiding and abetting - plunder the sovereign assets of their respective countries to bail out their agents / friends in an attempt to ‘sweep the whole bloody mess under the carpet’.
To think that anyone wonders why our financial system and fiat money will soon to be TOAST?
What a disgraceful insult to humanity.
Rob Kirby is proprietor of Kirbyanalytics.com and sales agent for Bullion Custodial Services. Subscribers to the Kirbyanalytics newsletter can look forward to a weekend publication analyzing many recent global geo-political events and more. Subscribe to Kirbyanalytics news letter here. Buy physical gold, silver or platinum bullion here.
IMO there is little foundation for this market to be where it's at. As far as I can see it has been for the past few months another manipulated pump and dump. Most companies have made little profit they just adjusted their expected earnings so low that when they met that expectation they acted like it was a windfall..MOst of the earnings have come from lay offs. We are at 10-11% unemployment so it is said..Real number 20+%. Who's gonna buy all that stuff...Also the banks have made little money..The profits they got was from the taxpayer gift known as the stimulus package. And heck what do I know..The game is all rigged anyhow. If the system is a gambling parlor punp and dump scam we may as well just play the game. TAKE PROFIT...Many IRA's are up 50% or more the last few months...
If that is the case then we need to get a settlement soon because the market is about to do a nose dive..Doww 7000 or less soon.
I'd love to see + 2.50
What does a chart have to do with this..For the day to day swing trade fluctuations yes, but if this is going to become a real payday that will come when this all settles and we win in the courts. And that day is coming.
It is happening..The Fed is dead and JPM is the last stand. I would not doubt if WAMU comes out of the shoot as one of the new clean banks. Would'nt it be the laugh if WAMU ends up with a the banking piece of JPMC after it gets broken up.
Maybe the scheme did not work out but back fire....JPM has to get it's hands tied if we ever want to see any integrity within the financial system.
It looks like the swing traders made another payday....This is kind of funny....
Buy a few million shares 5-10 mil..1-2 if you are low on cash to risk...Sit back and see if in a few months we hit a penny or two....If so you got yourself a great payday...If we see .00 area still some good cash..Or it all falls apart and you loose your gamble...And have a tax write off...The Market is just a gambling parlor..Especially the pink area...So either roll the dice or not....
Cheap shares for the swing traders
I would like to see some cash and JPIG get an AZZ whooping..
Everyone have a great 09-09-09 Doesn't come around very often. On to penny land..
Maybe there isn't any Big News...
.0021 .0019 ???? children stop bickering..
whun or de udda
Wooooshhhh..............
FInancial Astrology http://www.astroadvisor.com/Trading.html
Researchers see link between moon cycles and stock market
The Atlanta Journal-Constitution ^ | Nov 29, 2006 | Tom Walker
If you've always suspected there's a little lunacy in the stock market, now there's proof.
It's the full moon, of course, which legend says brings on depression and pessimism, not to mention werewolves. If that's true, presumably it would also trigger a gloomy outlook about future cash flows, causing investors to take fewer risks, and stock prices to fall.
"We find strong lunar cycle effects in stock returns," say University of Michigan Business School professors Ilia D. Dichev and Troy D. Janes in a research report.
"Specifically, returns in the 15 days around new moon dates are about double the returns in the 15 days around full moon dates. This pattern of returns is pervasive," they report.
The scholars set out to examine the folk wisdom that moon cycles affect human behavior, especially abnormal behavior around full moons. They turned to stock markets to get a big enough sample, as millions of people make billions of trades on a regular basis.
They gathered data on major U.S. stock markets over the past 100 years, and on the markets of 24 other nations going back 30 years.
"Taken as a whole, this evidence is consistent with popular beliefs that lunar cycles affect human behavior," the researchers concluded.
The Harvard Business Review, reporting the research in its current issue, says that while these findings "are a bit off the beaten path, they're the product of rigorous research."
"So even though we might not be ready just yet to consult lunar cycles for guidance on all our stock trades and other major decisions," the Harvard Business Review says, "we should keep in mind that unexpected sources can beget robust data and analysis, and that correlation and causality must be carefully examined."
Long list of indicators
Indeed, lunar cycles are not the only phenomena that investors have consulted over the years for a leg up in the market. Many bizarre and sometimes seemingly logical schemes have emerged, either for general or specific guidance.
Generations of astrologers have probed the planets and stars for clues to which way the market will go. Others advocate various versions of cycle theory — the idea that stocks move in regular and predictable up-and-down patterns.
The most famous cycle theorist, perhaps, was a Russian, Nokolai Kondratieff, who saw the markets moving in long waves of about 50 years. Unfortunately, he was arrested and sent to the Soviet Gulag, where he apparently was executed in 1938.
There are other principles:
•There's the "skirt length theory," which holds that the market rises and falls in tempo with the ladies' hemlines. Shorter skirts appear when times are good, according to the theory, reflecting confidence and leading to bullish markets.
•And, of course, there's the "Super Bowl theory," which holds that a win by a team from the old American Football League (now the AFC) foretells a declining market for the coming year, while a win by an old National Football League team (the NFC division) means stocks will be up.
•The "presidential election cycle" actually has considerable credibility on Wall Street. This is the thesis that the market is weakest in the first two years of a presidential term, when the White House occupant is most likely to make enemies. The last two years of the term are the strongest, as the president promotes policies aimed at boosting the economy and the markets at election time.
Behavioral psychology has also contributed theories of market movements.
A pair of psychologists at Princeton University in New Jersey recently concluded that stocks with names that are easy to pronounce consistently outperform those with more confusing names.
Adam Alter and Daniel Oppenheimer asked undergraduates to grade the fluency of 89 stock names on a sliding scale. The professors then checked the stocks' performances.
As expected, "the more complex a share's name, the poorer it performed on the first day of trading." This effect appeared to wane over time, however, as more information about the companies became available to investors.
The professors warned, however, that name alone shouldn't be used to predict the performance of an individual stock.
Watching the Fed chief
Everybody knows, of course, that when the Federal Reserve speaks, everybody listens. Remember Alan Greenspan?
"Any remark, whether expected or surprising, can send the bond and equity markets soaring or falling," Lord Abbett senior analyst Kathleen Madigan says in a recent study. "New Fed Chairman Ben Bernanke found this out when in the spring a remark he made to a reporter at a dinner party caused a sharp sell-off in equities and bonds."
Can a savvy investor watch the news and move fast enough to gain an advantage on comments by Fed officials, especially the chairman?
To be sure, Fed-speak causes the markets to squiggle, but it's likely to be a short-term event, Madigan says. At least 25 percent of the time stock and bond movements are one-day affairs.
"The lesson here is that keeping an eye on the long term remains the best investment strategy," Madigan writes. "The examination of market performance and Fed speeches suggests that market fundamentals such as the outlook for profits, economic growth and inflation still are the best drivers of market performance."
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Full Moon for September, 2009
•September 4, 16:03
4th leg .04
WAHOOO!! up .0058
Just to be a devils advocate Imagine the commons being canceled
a few runs were missed...one to .60 and one to .25 just to name a couple...made some good pocket change from those.
Still hanging around...
If this gets anywhere hear .05 i'll be pulling the trigger..Come On!!!!This is the pink world..
Guess poll by friday will be @ door #1 .10 or will we be @ door #2 .25...Door #3.. will be where we are today...
Flip it for small gain unless you are the multi million share holder than you make some cash or hang on for the possible big larger settlement..Amd possibly is the key word...Nothing is etched in stone..Sometime it takes stone kahunas to hang for the payday...But trading is an art and all artist paint different pictures. Whatever works for you may not fit in my painting style and vise versa.....We are not competing with each other we are all here to make money from our stock picks...
Looks like the WAMUQ cheap thrill is dissapating
Is LEH and WAMU the new treasury banking system being set up taking out the old Fed banking cartel...JPM comply or or die..
Event: Kendra Todd appearing on FNC's Fox & Friends
What: Lecture
Host: Kendra Todd Group
Start Time: Tomorrow, August 30 at 8:30am
End Time: Tomorrow, August 30 at 8:45am
Where: Television - NY
Anyone have any clue if/when this may be settled..Will JPM drag this out indefinitely....they do control the fed/country
Grant...I wished I had sold at .0012 then I would have bought back...Looking at chart it looks like someone dumped ever a million at.0011 before noon... then a small dump this afternoon at .0008..Just being manipulated like all pinkies...Trade em don't love em...The million dumper will come back in at .0008-.0009 for another 30% gain when it gets to .0012 again...
.0008 WTF
Slow and steady she goes