tag:blogger.com,1999:blog-58144033443556833292012-02-24T23:51:56.009-05:00Stock market commentary of independent advisor, Barry M. Ferguson, RFC - President of BMF Investments, Inc. <br> Advisory services offered through BMF Investments, Inc. <br> <a href="http://www.bmfinvest.com">BMFINVEST.COM</a>Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.comBlogger1471100tag:blogger.com,1999:blog-5814403344355683329.post-59584538897391731592012-02-24T23:51:00.000-05:002012-02-24T23:51:56.016-05:00

Our favorite stock indices are up nicely so far this year. Investors are reaping the reward of risking capital. Investors have employed skills. Ain’t we all smart?I won’t go over the litany of bogus government data that the financial networks repeat endlessly. The truth is that the indices are up this year because Ben Bernanke’s Federal Reserve and Mario Draghi’s ECB have pushed them there. In so

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-42518952941936877592012-02-17T17:19:00.000-05:002012-02-17T17:19:45.743-05:00

Over the passed few weeks, there really hasn’t been much to say about the stock casino. Bernanke and his boys have been there to goose it when needed and we are all still waiting on Greece to formalize their surrender of sovereignty in exchange for the debt enabled illusion of solvency. Same old story. All Greece has to do is agree to fire a bunch of government workers (they are no longer needed

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-49955706892509996772012-02-03T17:03:00.000-05:002012-02-03T17:03:38.444-05:00

The chart below is a chart of the Dow Jones Industrials for Thursday and Friday using 1-minute bars. With the Friday morning pre-market announcement that the economy added 243,000 new jobs in January, the stock indices burst higher at the open. The Dow jumped about 100 points in the first few seconds of trading. It tacked on 156 points total by the close of trading. So, if two-thirds of the day’s

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-5094550062382943042012-01-28T15:19:00.000-05:002012-01-28T15:19:23.900-05:00

Bands have a rhythm section that holds the music together. The rhythm section is generally the percussion and bass instruments. They play in harmony to drive the music and set the tempo to make the melody sound better. Stock indices today are like music. There is a band playing so our charge is to identify the rhythm section. That way, we will know the tempo of the music which will allow us to

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-19780511899494529482012-01-23T11:42:00.000-05:002012-01-23T11:42:03.407-05:00

As 2012 begins, investors need to know the true health of the US economy. A major barometer is the Gross Domestic Product figure. The US economy generates nearly $14.5 trillion dollars annually in Gross Domestic Product or GDP. This is a measure of economic output. When GDP is expanding, we feel good about the economy, our jobs, and our investments. When GDP is contracting, we feel bad about the

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-39240539693317397962012-01-06T23:12:00.000-05:002012-01-06T23:12:39.473-05:00

A new year has begun! 2011 is behind us and a fresh new year awaits. But alas, the new year has started off as the previous year ended. The Dow Jones Industrial Average lost some 110 points in the first week of January for a half-percent decline. But wait, I have deceived you. So too has the stock casino. So too has the media. Everyone is a liar and the US of A is in a race to become the lyingest

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-19185067680652290262011-12-31T23:25:00.000-05:002011-12-31T23:25:01.716-05:00

2011 has finally died and I doubt that very many people attended the funeral. For most Americans, the US economy is likely still in a recession. Although, we all know that the government propaganda machine will continue to report falling unemployment, slow but steady GDP growth, rising home sales, rising income, rising consumer confidence, and falling inflation. However, none of this seems likely

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-14044749909688098622011-12-23T17:17:00.000-05:002011-12-23T17:17:06.875-05:00

December 23, 2011, 3PM - I looked out my car window and took this photo of the sky over Charlotte, NC. It is 66 degrees outside. Aircraft activity has been extremely heavy, extremely high, and extremely fast over the past few weeks. I am no expert but I read a lot. I also share with the framers of the US Constitution a healthy distrust of government. But please look at this photo very carefully.

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-7772137011793302622011-12-12T12:01:00.000-05:002011-12-12T12:01:15.702-05:00

Europe’s got a big ol’ debt problem. Euro-land is drowning in debt and unlike the US, they don’t have a means to print enough money to produce a life preserver. The US, of course, is kept afloat by the Federal Reserve and their printing press. By printing and conjuring trillions from thin air, the Fed has fastened a life preserver around the neck of Americans. In the end, they won’t go anywhere

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-83940645133132219482011-12-05T00:31:00.000-05:002011-12-05T00:31:22.107-05:00

Question: How do you cook a stock rally?Directions: Empty wallet into a microwavable bowl. Mix in any stock index of choice. Add a cup of central bank intervention and a cup of PPT spice. Microwave on high for five minutes. Eat immediately as spoiling will occur quickly as reality sets in.There you have it. This is the era of microwave rallies. These rallies are cooked and not grown. They are

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-52965313912957272602011-11-27T22:59:00.000-05:002011-11-27T22:59:22.956-05:00

In a world gone mad - in a world gone broke - in a world ruled by the insane - in a world completely disconnected from its foundation - the stock market is now driven by currency valuation. A stock rally must have a weakening currency. A stock selloff must have a stronger currency. Thus, stocks have now become pure inflation puppets. The Dow Jones Industrial average must have a weak US dollar to

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-10851561771107807382011-11-11T17:08:00.000-05:002011-11-11T17:08:32.900-05:00

Okay, let’s be honest. The stock market is a sham and has been rendered such by the Federal Reserve. They carry on what they call the Permanent Open Market Operations (POMO) tactics to manipulate the stock market. The schedule is published on the New York Fed’s webpage. I suggest readers take note.The so-called ‘operation twist’ is now underway as the Fed seeks to spend about $40 billion a month

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-13851750963025661712011-11-04T17:07:00.000-04:002011-11-04T17:07:15.018-04:00

Jazz and blues musicians alike have tried to describe the sound that makes their music unique. The great musicians play what is in their heart. They play the truth. How do they express it? They often say it is the notes in between the keys for the jazz piano players. Blues guitar players express the notes between the keys by bending the strings so that the tonal quality of a note resonates

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com1tag:blogger.com,1999:blog-5814403344355683329.post-21198877092506142422011-10-28T18:25:00.000-04:002011-10-28T18:25:24.240-04:00

October of 2011 will make the record books as the best October since 1974. It was the best month period since 1987. It was so good that the major US indices are now back in positive territory. Just think, only a month ago we were flirting with bear market territory! Wow! What a difference one month will make! What a difference the PPT will make.The chart below is this wondrous month of October

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-74112388854319119452011-10-21T17:41:00.000-04:002011-10-21T17:41:40.200-04:00

I am sure that everyone is sick of hearing about the lackluster economy. Unemployment is high, Europe is choking on a debt crisis, and populace demonstrations are popping up all over the globe. But investors only care about one thing - the stock market. They are willing to surrender everything - capitalism, dignity, truth, liberty, autonomy - in exchange for a stock market rally. Luckily, a stock

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-50160012289895681472011-10-14T15:41:00.000-04:002011-10-14T15:41:17.845-04:00

Ignorance is not knowing. Mania is believing the herd. The stock market turned on the drop of a bear. That is, commentators and pundits simply had to voice the realization that stocks were knocking on the door of a bear market at the end of September. By definition, the bear market is a drop in an index of 20% from its most recent high. As if Ben Bernanke’s Batman alarm went off, the indices

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-2521882066112769062011-09-24T01:20:00.000-04:002011-09-24T01:20:23.963-04:00

Stock indexes entered this week fresh off a 5-day rally from nowhere fueled by nothing but hope. Momentum was lost on Tuesday of this week as the markets prepared for the Federal Reserve pronouncement on Wednesday. There was all kind of speculation as to what the Fed might do. What they did was their next operation of manipulation. Deemed ‘operation twist’, the Fed will begin selling their

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-87214536347498444622011-09-19T11:50:00.000-04:002011-09-19T11:50:23.503-04:00

Let us record history as it happens. Let us not let the truth become altered by the hands of time so that it fits a message of those who seek to rule us. Let us make permanent a recording of the week that passed in real time so that generations of the future will be able to look back to the moments that changed the rules that govern their life.  Week ending 9/16/2011: This just in for the week -

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-6852135242713268332011-09-11T16:15:00.000-04:002011-09-11T16:15:08.036-04:00

For the week ending 09/09/2011, I have included a year-to-date chart showing four lines. The Swiss Market Index (SMI) is in red, the S&P 500 (SPX) is in gold, the US dollar (USD) is in green, and the Swiss franc (FXF) is in black. The media and the market pundits are volunteering all kinds of reasons for everything that is going on in the stock market. I’ll keep it simple. The truth is just that

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-84272356619259354502011-09-03T18:17:00.000-04:002011-09-03T18:17:28.270-04:00

Investing is all relative these days. Economic data is compiled by a government that enlists media shills to perpetuate a positive vibe to everything. Most of the data is contrived and unbelievable. For instance, a week ago the government said durable goods orders were up and manufacturing was declining less than expected. Why don’t we drop the ‘expected’ part because we’re all guessing now.

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-80852628011145305612011-08-26T16:55:00.000-04:002011-08-26T16:55:29.797-04:00

This week was dominated with the scheduled speech on Friday from Fed Chairman Bernanke. He was supposed to give us all guidance on the prospects of more Fed stimulus. Surely we would be given a reason to buy or sell. Of course, the stock market don’t need no stinkin’ reason to do anything. It just does.Notice the chart below. It is an intraday look at this past week. On Tuesday, the Dow rallied

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-29204390714822182322011-08-20T00:14:00.000-04:002011-08-20T00:14:14.583-04:00

The Dow has been trending lower since July 22, 2011. Other than a fabulous 600-point rally from 3PM to 4PM following the Fed meeting of August 9, 2011, the trend downward has been brutal and abrupt. There was also a 400-point rally two days later that was followed with two more rally days on falling volume. That may have been a warning sign. The Dow then turned lower oddly enough at just about

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-89981780091528149952011-08-13T23:07:00.000-04:002011-08-13T23:07:48.158-04:00

Every now and then, fantasy and lies are dissolved by the truth. The truth cannot be denied. It cannot be misinterpreted. It cannot be distorted. When accepted, these points in time are known as a ‘come to Jesus’ moment. Only the truth matters. This past week, August 8, 2011 thru August 12, 2011, was a come to Jesus moment for the stock market. For the first time in history, the Dow experienced

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-9264298088373009042011-08-07T16:33:00.000-04:002011-08-07T16:33:11.579-04:00

The first week of August, 2011, was certainly one of the wildest ever. The US markets are now in an official correction. The worst daily and weekly losses in some time come just weeks after some of the best daily and weekly gains ever. Oh, wait a minute. Those ‘best days and weeks ever’ came at the end of June. The con men that run the market now understand that monthly statements come out at the

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-16066749527737339582011-08-01T16:34:00.000-04:002011-08-01T16:34:43.322-04:00

Wouldn’t it be nice for the Dow Jones Industrial Average to act sane for a day or two? Wouldn’t it be nice for it to just open in the morning and not move more than ten or twelve points in either direction? Of course, that would require an actual ‘market’ where traders and investors decide the minute-to-minute valuation of stocks. Instead, the current indexes can routinely plummet and ascend

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-75689316389722287572011-07-25T00:31:00.003-04:002011-07-26T16:12:24.321-04:00

As America debates its debt, its debt ceiling, and the indebtedness of future generations, let’s make sure we all understand what we are talking about. Also, let’s look at an example of how the debt permeates through our society.  Why does the US have debt?Because the stewards of the country’s Treasury, Congress, spends more than it takes in in tax receipts.What is the debt?The US issues bonds,

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-19077156312051382392011-07-15T23:40:00.000-04:002011-07-15T23:40:48.207-04:00

For all the talk this week of a potential US sovereign debt default, the market seem to be convinced otherwise. All the King’s politicians were out pronouncing a default to be ‘cataclysmic’ or ‘unthinkable’. Yes, the US Congress has been consumed with the debt ceiling in the US. It seems $14.3 trillion is not enough to borrow. The politicians want more. Citizens are once again threatened with the

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-81070189969159641302011-07-08T23:03:00.000-04:002011-07-08T23:03:56.903-04:00

Readers of my newsletter this month know it was titled, ‘Central Bank Viagra’. This article is a continuation of that theme. To get right to the point, Dow 12,000 seems to be the central bank Viagra line. In other words, whenever the Dow seems to be in danger of losing the 12,000 level, central bankers and other market manipulating shills get really active to boost the Dow higher. I won’t bore

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com2tag:blogger.com,1999:blog-5814403344355683329.post-70300939774170567142011-06-24T18:04:00.000-04:002011-06-24T18:04:07.004-04:00

I sit. I watch. I contemplate. I observe. The stock market appears to have lost all sense of reality and logic. Maybe it never had any. Maybe it is just drowning and the current behavior is the moment before the drowning.The Dow Jones Greek Index is a good barometer of investor behavior. When a person is perilously close to drowning, they will grab on to anything. There are a few seconds of

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-60094746217276766062011-06-17T16:37:00.000-04:002011-06-17T16:37:25.942-04:00

QE2 is winding down. The major market indices are crumbling. The banks that hold the credit default swaps that are tied to the debt that Greece cannot repay are getting a second bailout in as many years. The US indices have been on a six week losing streak. But hey! Don’t worry about it. The PPT is back!Yes, just in time to avert a seven week down trend, the Plunge Protection Team (PPT) got busy

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-19964665812607151242011-06-10T17:57:00.000-04:002011-06-10T17:57:58.123-04:00

No, no - don’t get alarmed. This article has nothing to do with earnings or anything like that. I stopped caring about earnings and other fundamental nonsense years ago. Besides, companies can just make that stuff up anyway. Besides, the stock market cares nothing about earnings and has only moved in recent years based on whatever ‘stimulus’ is coming out of the Federal Reserve. It’s short and

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-65350198807974934312011-06-03T22:55:00.001-04:002011-06-03T23:49:35.285-04:00

June 3, 2011. The Dow Jones Industrial Average has just lost over 400 points in the last 3 days. A lot of investors are wondering what has happened. The bulls have started to wonder why the bears have started up their grills. Why did the markets suddenly take a dive? I have the answer. Come close so you can read this information accurately. Closer. Please, come on in real close. Use a magnifying

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-48403838829545571602011-05-27T22:16:00.000-04:002011-05-27T22:16:15.104-04:00

Could it be? Is it possible? Can the Dow Jones Industrial Average be allowed to suffer a monthly decline? Since the Fed’s QE2 was announced in September, 2011, only the month of November has experienced a loss. That loss was probably due to the mid-term elections. Otherwise, every month has shown a gain. Yet, May began with a thud. By Friday the 27th, the Dow had registered a loss of some 400

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-81315046592423564782011-05-21T00:19:00.000-04:002011-05-21T00:19:58.707-04:00

We all know there are different kinds of kisses. Since disciplined investing requires an avoidance of passion, I will stick to the physical contact of the act. Before the reader’s mind goes racing to a dark corner, I want to make sure we are all on the same page. When two lines on a chart touch, that’s a kiss. There is nothing tongue and cheek going on. It’s just a kiss. The reason it is a kiss

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-32674481565037274632011-05-13T18:08:00.000-04:002011-05-13T18:08:39.901-04:00

Investors are always on the alert for a sign that a trend is changing. Investing is like being deep in a mine shaft. It is dark and dangerous and there are a thousand things to focus upon. Perhaps most importantly, we should focus on the canary.Yes, if the canary falls over, the gas level has increased to a dangerous point and it is time to find the exit. But where is the canary in the stock

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-85475153187445361332011-05-02T15:38:00.002-04:002011-05-02T15:38:17.735-04:00

I'm going to keep it simple this week. Everyone is trying to guess the market's next move. Everyone is trying to guess the next catalyst of a market move. Everyone has a wrong answer. The right answer is the Japanese yen. World domination is the goal of the central bank and world domination can't work unless there is only one currency. Conversion to a single currency is made much simpler when all

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-618033810506809252011-05-02T15:37:00.000-04:002011-05-02T15:37:14.050-04:00

Standard and Poor’s rating service put the US debt on ‘negative’ watch on Monday, April 18, 2011. The service said they might be forced to downgrade the US ‘AAA’ rating to something lower in two years. The stock market stumbled early in the week but recovered for a weekly gain. As with everything is this surreal market, the bond market reacted to the S&P news with a yawn. In fact, bond prices

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-91101600509149986602011-05-02T15:35:00.002-04:002011-05-02T15:35:50.789-04:00

Week ending 04/15/2011 - The Dow experiences a negative week.  I demand to know the whereabouts of one Ben Bernanke! He can’t let this go on. After all - it is his index. Actually, his underlings have been feuding this week. Dallas Fed Head Fisher ended the previous week by chirping (a week ago Friday) that the Fed had already done too much stimulating and QE2 should be ending early with no QE3

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-36170121455647091432011-04-08T19:02:00.000-04:002011-04-08T19:02:55.001-04:00

Today is Friday, April 8, 2011. Japan was hit with another earthquake this week. Portugal joined Greece and Ireland for a ECB bailout rendering them a ward of the EU state. The US Congress has yet to agree on a budget for the fiscal year as they haggle over spending cuts. The Republican plan is to leave the citizens with $15,800,000,000,000 dollars of debt in another year and the Democrat plan is

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-27496912016531411392011-04-01T23:34:00.000-04:002011-04-01T23:34:49.512-04:00

My favorite show is back on television. Swamp People is on the History channel and it documents a few of the good people that live and hunt alligators in the Louisiana swamps. For one month in the year, they legally hunt alligators. They set traps for the gators and everything they catch, they take to market. I like the show because it is capitalism at work. The good folks that hunt alligators

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-77404379828751103392011-03-25T17:11:00.002-04:002011-03-26T00:44:51.030-04:00

If you watch the news or read the newspapers, you must know that actor, Charlie Sheen, has supposedly gone nuts. Not that I really care. Hollywood is all about being nutty! But you can’t get away from it. It’s like the Stones sang in ‘Satisfaction’:When I’m driving in my carAnd the man comes on the radioTelling me more and moreAbout some useless informaitonYeah, we can’t get no - satisfaction

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-60127491267778699632011-03-19T00:55:00.000-04:002011-03-19T00:55:14.566-04:00

What else can go wrong? In the last decade, investors have withstood a barrage of seismic catastrophes along fault lines of vulnerability. Our political leaders have initiated military conflicts that were justified from prevarication and outright lies. It seems that all wars are fought on the foundation of a lie. Our same political leaders have initiated legislation known as the ‘Patriot Act’

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-89800376972866490322011-03-04T17:35:00.000-05:002011-03-04T17:35:44.873-05:00

War is ugly. War is brutal. War is hell. War is about creating carnage and withstanding carnage. Yes, sure - the military is all about war. Citizens around the world are waging war on their governments of deception. God only knows what is happening in Libya right now. Luckily for citizens of other countries in turmoil their governments are heavily in debt and therefore have spawned credit default

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-59993644771981444702011-02-28T00:09:00.000-05:002011-02-28T00:09:28.623-05:00

Optimists are always looking for a ‘silver lining’ in anything that seems negative. Of late, the world has erupted into riots over various issues and several governments have been toppled while several others remain vulnerable. The reasons for the rioting has varied from desire for freedom, desire for democracy, irresponsive governments, and living standards that are declining due to inflation.

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-85734283317081767062011-02-18T23:53:00.005-05:002011-02-19T00:05:37.327-05:00

Rarely do we enjoy a clear message from the Dow Jones Industrial Average. Or rather, rarely do we enjoy a clear message from the powers that govern the Dow Jones Industrial Average. But since September 1, 2010, we have been given a very clear message. That message is, ‘don’t sell’. The key event driving this message was the Fed’s meeting in Jackson Hole, Wyoming at the end of August, 2010.

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-56246374646228844462011-02-11T16:47:00.003-05:002011-02-14T22:54:27.410-05:00

Yes, we all know what has been happening in Egypt over the past couple of weeks. Well, maybe most Americans don’t. The TV show ‘American Idol’ is back in season and some nitwit on some other reality show is thinking about changing her eye shadow or something. But for the rest of the world, we are witness to a profound change in the politics of Egypt and that change was brought about by determined

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-9771462698400266772011-02-07T01:36:00.003-05:002011-02-07T02:05:26.291-05:00

The big story in the world right now is the riotous nature of citizens in a succession of countries. The latest riots are in Egypt and its citizens are calling for the government to step down. The simple truth is the lie has gotten old and citizens are rebelling. Citizens are tired of government oppression and they are tired of the erosion of their living standards. They may not know the root

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-74737020263984840372011-01-21T18:35:00.003-05:002011-01-22T00:42:42.561-05:00

Another week - another gain for the Dow. The S&P was slightly positive but what’s up with the Nasdaq? It was actually down a few percentage points. While the other indices were rising because the economy was getting better, the Nasdaq was falling because the economy was not getting better. Go figure! Was Bernanke only buying the senior indices this week? Isn’t that all that matters? I think the

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-73415894638091759632011-01-15T00:49:00.000-05:002011-01-15T00:49:03.644-05:00

Could it be? Will it be? I haven’t been this giddy since 1999. Of course, I’m all jacked up on POMO and TOMO and QEs. But think about it. The Dow is already up about 2% for 2011 and January is only half over. If the Dow could go up 4% every month, it would be up 48% on the year. Certainly our Ruler of all things bubbly and bubblicious, Mr. Bernanke, will over shoot a few months and push the Dow

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-3311985326541979162011-01-07T23:11:00.000-05:002011-01-07T23:11:32.424-05:00

And....., we’re off! The New Year is off and running and the Federal Reserve is busier than ever. The first day of the new trading year started off with a bang. The Dow bolted up some 100 points as the trading continued from the ferocious last 15-minutes of the last day of trading on New Year’s Eve that I documented in my last post (http://bmfinvest.blogspot.com/2010/12/

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-76454545007235418332010-12-31T21:56:00.000-05:002010-12-31T21:56:32.356-05:00

12/31/2010 - The year 2010 ended appropriately enough. The final day of trading was typical of the previous 364 days. The Plunge Protection Team and every manipulator on the planet was hard at work until the last minute of the last hour of the last day of the last month of the year. The first chart below shows the DIA in 10-minute bars for the last week of the year. Yes, December 31 was a Friday

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-86430138927289338802010-12-18T16:31:00.000-05:002010-12-18T16:31:54.821-05:00

It might be a generational thing but for sixty’s generation, none of us will ever forget Carlos Santana at Woodstock in 1969. His band performed a song titled, ‘Soul Sacrifice’ in front of a half million people or so. Being the sixties, and being an outdoor festival, Carlos ingested some hallucinogens several hours before he was supposed to take the stage (at least this is the version I have read

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-16467333552895238812010-12-10T15:24:00.000-05:002010-12-10T15:24:43.376-05:00

The US and China seem to be at opposite polarity. The US rulers are trying to inflate the economy and thereby reflate the stock indices. China is trying to deflate the economy and thereby restrain their stock index. To Ben Bernanke’s credit, he has been specific about his desire to see inflation rise in the US. To his discredit, real inflation is already locked in with a rear naked choke hold

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-3956805543158640892010-11-26T17:55:00.000-05:002010-11-26T17:55:13.513-05:00

It would seem that the Federal Reserve has few fans these days. Fed Chairman Bernanke is castigated in blogs. Members of Congress are questioning his strategies. Finance Ministers in Germany call him “clueless”. His QE2 tactic has prompted near universal scorn from economists throughout the world. Einstein taught us that everything is relative. Depending up one’s point of view, maybe it’s time to

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com1tag:blogger.com,1999:blog-5814403344355683329.post-78642111329303943872010-11-19T23:32:00.000-05:002010-11-19T23:32:36.683-05:00

This week (11/15/2010 - 11/19/2010) was an uneventful week. The major US indices were basically flat on the week. To be sure, Ireland was back on the front page fears of another debt meltdown. Bernanke embarked on a world tour to try to convince the rest of the world that his ‘village idiot dunce cap’ was on straight. The Germans said he was “clueless”. The Chinese seem to be in scramble mode due

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-22267950722632008592010-11-12T23:23:00.000-05:002010-11-12T23:23:00.386-05:00

11/12/2010 This week started with Mr. Obama making the rounds in India, Indonesia, and Korea. He danced, he shook hands, he acted presidential, and he signed a few documents. He made a few speeches and he tried his hand at bending a few arms. In the end, he was mostly rebuffed and turned away. After all, America is not what it used to be. This was simply a week of surrender.The power of America

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com1tag:blogger.com,1999:blog-5814403344355683329.post-31440637959401646912010-11-06T00:48:00.000-04:002010-11-06T00:48:58.227-04:00

What in heaven’s name do they babble about all day on financial networks? The casino is simple. The Fed runs the show. There you go. Now you don’t have to watch the nitwits anymore. Financial networks are about as necessary as a WWE referee. Look at this past week.Monday was kind of a flat day in anticipation of Tuesday’s mid-term election. Tuesday brought a small rise in the indices as investors

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-91745204656695923202010-11-04T00:34:00.017-04:002010-11-04T16:02:45.865-04:00

Hallelujah! We are saved! At last, the big banks have found a buyer for their garbage real estate securities they call MBS (Mortgage Backed Securities). Finally, their balance sheets can be cleaned up and our economy can be healed. It has been a while since real estate fell off a cliff. And, I think if we are all honest, we know that real estate has a long way to go before it hits the bottom. But

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-54766871167534580182010-10-29T18:22:00.000-04:002010-10-29T18:22:02.042-04:00

Nobody knows nothing. The data, cooked and contrived as it is, gives no definitive answer. The bulls think the economy is mending but ever so slowly. The bears think the economy is taking on water and bound to sink like the Titanic. Investors are clueless and there is an election a few days away. Bernanke described the current conditions very well with his ‘unusual uncertainty’ reference a few

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-39171493251829768972010-10-22T16:08:00.000-04:002010-10-22T16:08:10.652-04:00

America has become an asterisk. That means it only exists conditionally. The conditions are explained by asterisks. For instance, big banks earn a lot of money as long as minor details like expenses, losses, and derivative valuations are ignored. The governments car company, GM, will soon release an 'electric' car that gets 280 miles per gallon equivalent. However, it is not really 'electric' as

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-68791914811256845712010-10-16T01:00:00.000-04:002010-10-16T01:00:19.957-04:00

The stock rally stalled this week when banking stocks stumbled. in 2008, it was the 'toxic illiquid assets' that stopped up the system. in 2010, it is the stampede of foreclosures on that toxic illiquid asset mess that has stopped up the system. Over the past couple of weeks, the banks agreed to halt the foreclosure process across the nation. Seems that no one quibbled about the fraud in lending

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-67118264449831224802010-10-08T16:58:00.000-04:002010-10-08T16:58:21.238-04:00

The Fed is now intent on finishing what they started in 1913. The US dollar is history. Whether it is quantitative easing or debt as far as the eye can see, the currency has become the sacrificial lamb. The Fed is of course buying Treasuries to manipulate the interest rates lower than the market would price them. The Fed's chief trader, Brian Sack, gave a speech this past week (10/4/2010) in

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-12028801681699519092010-10-02T00:13:00.000-04:002010-10-02T00:13:10.785-04:00

Isaac Newton gave us a fundamental law of physics. Every action has an equal and opposite reaction. In the investment world, currency is the action. Since the US is still the biggest economic player, the US dollar moves everything. Some things have the same action as the dollar. Others are the opposite reaction of the change in the value of the dollar. Like it or not, commodities like oil and

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-83532144681032012562010-09-24T17:56:00.002-04:002010-09-24T23:26:14.859-04:00

The highlight of the past week was Tuesday as the Fed met to discuss interest rates. I'm laughing out loud now as interest rates will be zero forever and ever. I'm on record many times on this. The idiots at the Fed never read articles like this so they actually think there is a functioning economy after rates hit the floor. There is not. Rather, the Fed meets to contemplate the behavior of the

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-75335602771988041792010-09-17T23:55:00.080-04:002010-09-18T00:31:30.236-04:00

The Fed leaders met at the end of August in Jackson Hole, Wyoming.  Business leaders and investment gurus attended the meeting. Apparently, it was decided that the stock casino needed a little boost so at the very beginning of September, up we went. I have included below the weekly intraday charts for the past 3 weeks. I believe we have a new chart pattern here that I call the 'Fornicating Fed'.

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-9294176097998268172010-09-10T16:15:00.001-04:002010-09-10T17:02:02.809-04:00

To those of us who consider ourselves 'technical analysts', we are always perusing charts for known patterns to help forecast trend lines. Our world is limited to a relatively few established patterns that have been studied for centuries. However, we must all understand that economies change, markets change, and primary market influences change. It follows that technical patterns should also

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-10926060863068033662010-09-04T01:01:00.080-04:002010-09-07T13:43:37.429-04:00

by Barry M. Ferguson, RFC Extraordinary times require extraordinary analysis. The Dow Jones Industrial Average is now up over 4% for the month of September. That's just three trading days. That's following the worst month of August in ten years. The rally is born from the Dow 10,000 level. It is clear that market manipulators and investors alike see this level as the ultimate green light to

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com1tag:blogger.com,1999:blog-5814403344355683329.post-52520712879969119872010-08-27T23:08:00.006-04:002010-08-27T23:29:25.668-04:00

08/27/10 - Dow 10,000 Is The Zero LineThe Dow cannot go below the 10,000 line. That is the new 'zero'. The Dow will not fall below this mark. It cannot. It will not. It will not be allowed. Every single person that owns even a single share of stock can sell that stock on Monday morning and guess what? The Dow will not go below 10,000. Why? The PPT will not allow it. And, they have a printing

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-18115009403857723792010-08-20T22:34:00.006-04:002010-08-20T23:07:35.028-04:00

08/20/10 - A Summer of DiscontentThe chart below is the year-to-date picture of the DIA. I think the interesting thing about it is it shows the schizophrenic nature of the modern casino we used to call a 'market'. At the beginning of the year, the indices were diving. The PPT stepped in and we had something close to nirvana in February, March, and early April. The index behaviors were calm,

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-88791390391466232352010-08-13T23:47:00.006-04:002010-08-14T00:30:42.195-04:00

08/13/2010 - 'Beam me up, Scotty'Like Captain Kirk calling to his engineer on the starship, Enterprise, 'Beam me up, Scotty'. Get me out of here. I can't take any more. The world is filled with idiots and zombies. No one has even the first clue about what is happening in the economy. And worse, our government representatives are unconsciously clueless. When any of them open their mouths, I think,

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-82584842451254664242010-08-06T16:05:00.005-04:002010-08-06T16:51:39.133-04:00

08/06/2010 - 'Gap' TradingThe chart below is the past 6 days of intraday, 10-minute bars, trading of DIA. Everyday opens or closes with a gap. In other words, before investors can fire a bullet, the ETF, and the indices, lurch up or down. Friday was a good example. The jobs number that was reported was not as strong as players wanted. The Dow opened trading down some fifty points. It went down as

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-90659372136755895312010-07-31T00:40:00.007-04:002010-07-31T01:26:42.077-04:00

07/30/2010 - The Vomit CometThe 'vomit comet' is the nickname for the airplane that produces near zero gravity simulations by climbing in altitude and then steeply diving only to resume the climb. The nickname is derived from the tendency of the occupants to become nauseous and vomit. The casino that the Fed now runs is doing the same to investors. Friday, July 30, is a classic example. The

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-29114401837939878482010-07-24T11:53:00.006-04:002010-07-24T12:44:12.198-04:00

7/23/2010 - The World is 'Asinine''Asinine' means 'utterly stupid'. Investing money these days requires a mental reconciliation that the entire world is simply asinine. This past week is a case in point.A week ago Friday, the Dow sold off some 265 points leaving the index precariously close to 10,000. Investors were worried about economic slowdown, poor earnings, and the upcoming results of the

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-44677831642791562482010-07-17T00:57:00.006-04:002010-07-17T01:34:56.620-04:00

Is the Fed-induced rally from March 9, 2009 finally dead? Is the bear back? Time will tell. I have included a chart of the DIA from the last five days with 30 minute bars. The chart clearly shows that all the volume action comes in the first thirty minutes of the day and the final thirty minutes of the day. That would imply serious manipulation attempts. Thursday shows a gallant PPT rally of 100

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-76592908680315485792010-07-09T16:22:00.008-04:002010-07-09T17:11:16.147-04:00

Fed FearsLet me show you what is wrong with America. The first image below is a photo of the information necessary to comply with IRS regulations requiring me to pay taxes for 2009. I am a small business. Preparing the return cost me $2,000. If you think the answer to solving our problems is to allow the government to impose more regulation, then you are a blithering idiot! Go read something else

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-58147537174595540032010-07-02T17:06:00.005-04:002010-07-02T18:26:26.235-04:00

'The' Ten MinutesThe chart below is the DIA chart for the past five days. The Dow continues to descend further into 'correction' mode and the 'hope' camp continues to lose confidence. Governments have been manipulating economic stats for so long that nobody believes them - good or bad. Today (Friday, July 2, 2010), the government announced that the US economy lost 125,000 jobs in the most recent

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-77413956027567958642010-06-25T17:09:00.006-04:002010-06-25T17:53:01.350-04:00

Stock Markets Yield to CurrenciesThe chart below is the DIA showing an intraday look at the past week. The Dow lost some 4% so it was rather nasty. A look at the volume at the bottom of the chart shows several strong buying attempts as denoted by the green volume bars. Comically, the PPT continues to try and jigger the indexes higher. June 22 gave us the strongest PPT attempt of the week. The Fed

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-46235460231382317252010-06-18T16:55:00.008-04:002010-06-18T17:27:22.685-04:00

Santa Tries to Save EuropeThere is only one thing you have to know about the current stock 'market'. Well, two things. Actually three things. First, it is no longer a 'market'. Stock indexes have become the manipulated playground of the central banks intent on keeping investors' spirits high by keeping portfolios buoyed via the public investment mechanism we used to call the 'stock market'. Two,

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-11938718952300610032010-06-18T16:55:00.001-04:002010-06-18T16:55:19.584-04:00

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-84184449214719772602010-06-11T18:24:00.006-04:002010-06-11T18:51:14.277-04:00

The Stock Market Hinges on Only One Thing NowThe chart below is the ETF, FXE - the Euro currency. This is all you need to know. The 'stock market' is no more. There is no 'market'. Stocks and indices now move solely on the reaction to currency valuations. Forget price to earnings multiples or sales or any crap like that. When you even hear someone in the government run media talking about '

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-3308005744940834802010-06-04T11:21:00.012-04:002010-06-04T16:05:14.035-04:00

Which Comes First - Moral Bankruptcy or Just Bankruptcy?It is now almost 11:30 AM on Friday morning and the Dow is down over 200 points to 10,040. The culprit of the day's sell-off has been the announced payroll numbers that were 'disappointing' to market players. Our government claimed that the US economy added over 400,000 new jobs but almost all of them were created by the temporary census

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-86943813409814547002010-05-21T16:52:00.008-04:002010-05-21T17:08:19.727-04:00

Markets on FireBelow is a chart of the DIA for the week ending 5/21/10 with 30-minute bars. Obviously, the markets were burning down all week. It was ugly. The markets took a pounding for whatever reason you would like to sell. Europe is still over-indebted, US joblessness increased, financial reform was on every politicians lips, and the Euro was under fire. Of course, the markets were on fire

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-86668635782741807192010-05-14T18:42:00.005-04:002010-05-15T00:58:36.738-04:00

Trillions Don't Grow on TreesWhat happened? That's the question everyone has been asking since the stock swoon of May 6. I don't know if 'swoon' is the right word but the Dow dropped almost 1,000 points in less than an hour and 600 points in about five minutes. The Dow quickly gained about 640 points back in about an hour. So what happened? Was it a mistake? Sure, it had to be. Anytime the stock

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-46685970353546213712010-05-09T00:23:00.005-04:002010-05-09T00:54:26.835-04:00

The Market gets a MulliganThe chart below is the Dow ETF, DIA, in the first week of May, 2010. It is no ordinary week. It is the worst first week of May in history. The year's gains were gone. It all happened in a flash. In about ten minutes on Thursday afternoon, the Dow fell some one thousand points. To complete the picture, the Dow then rose some six-hundred points in less than an hour. What

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-16614533778889998472010-05-01T18:05:00.009-04:002010-05-01T23:54:42.183-04:00

The Road to Austerity or ZimbabweThe economies and the governments of the world are all approaching a fork in the road. The right fork leads to the land of austerity and the left fork leads to the land of Zimbabwe. Greece's brakes have failed and they must choose left or right. Their problem is that though they are a sovereign nation, they don't control their own currency. The European Union does

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-87466747691086697802010-04-24T00:56:00.007-04:002010-04-24T11:57:16.635-04:00

Bullishness of Bankruptcy57 US banks have failed this year. States, counties, cities alike are cutting expenses and scrambling to pay bills from falling tax revenues. Real estate foreclosures have hit an all-time high. Unemployment is still double digits by any measure and so many Americans are on food stamps the grocery stores might want to think about adding a 'Food Stamp' register to go along

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-4561627058521559292010-04-16T23:51:00.006-04:002010-04-17T01:16:13.113-04:00

Goldman Sachs - Terminal CancerIf you don't know derivatives, then you don't know jack. Derivatives are leverage and they are at the heart of the cancer of debt that is killing the economy of the world. Yes, yes, I know. The current administration claims the economy is getting stronger and the recession is in the rear view mirror. They have cured the worst financial crisis in history in a matter

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-74122964483554495132010-04-11T00:13:00.010-04:002010-04-11T02:02:10.620-04:00

"It's not a lie if you believe it." - George CostanzaThis was a classic line from the television show, Seinfeld, delivered by the character, George Costanza. Neurotic, pathetic, warped, and completely detached from reality, George constantly tried to reshape and manipulate his world to match his perception. "It's not a lie if you believe it", was a classic example of his attempt to warp reality

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-88922868420238374582010-04-03T11:05:00.010-04:002010-04-03T11:49:32.987-04:00

Cleared for Take-off!Set your seats in the upright position and lock up the serving tray. We have been given the clear signal and we are ready for take-off. The chart of the Dow shows a nice cup-and-handle that looks eerily similar to the one of June - July of last year. The charts these days are like everything else. They are prescribed and sanitized for our comfort. This cup-and-handle is

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-41581481813245837862010-03-27T00:21:00.008-04:002010-03-27T01:40:25.164-04:00

Storm Clouds Threaten the RallyI have a feeling that Presidente Bernanke is about to get even busier than he is now. We all know that the immediate goal of the Fed is to get the Dow back to 11,400. That's the pre-Lehman collapse point at which the rest of the world really began to lose serious money as the bear market of 2008 cut its destructive path across portfolios. The process of picking and

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-34026577537179670012010-03-19T16:23:00.006-04:002010-03-19T18:24:40.363-04:00

Loan Denied - Egad!!The world's financial system continues to smoulder like the super thermite that took down the WTCs 1, 2, and 7. The fire cannot be extinguished. It can be covered up and explained away by the media. It can also be ignored. At least, it can be ignored until another plum of smoke billows forth from the bowels of economic destruction. That destruction has come by way of banker

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-76194911675465310772010-03-13T00:31:00.006-05:002010-03-13T01:01:10.600-05:00

Shoveling ManureThe economic data seem clear and unified. The economy is getting stronger a little bit at a time. At least, that's what the data says. You name it, and the statistic is better today than it was last year. The economy is losing less jobs. The stock market is up. Consumer spending is up. Banks are stronger. GDP is way up. There is no inflation. Workers' incomes are up. Heck, even

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-20333561793779818442010-03-07T22:40:00.007-05:002010-03-07T23:16:58.405-05:00

36,000 Reasons to RallyOn Friday (03/05/10), the Labor Dept. reported that the US economy only lost 36,000 jobs in the most recent survey instead of the anticipated 75,000. The unemployment rate remained unchanged at 9.7%. That was the 'official' news. The chart below shows the market reaction as Friday proved to be a very strong day with very strong buying volume. To the latest group of poor

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-78269118762729080662010-02-27T11:25:00.008-05:002010-02-27T23:13:34.232-05:00

Liars Believe Their Own LiesI included below the one-month chart of DIA for February, 2010. The Dow threatened to lose the 10000 level but as always, the PPT stepped in and arrested the fall. See if you can spot the day I am talking about. Here's a hint. Look for the day with by far the strongest volume. That would be nearly 4 times the daily average of the week at 29 million shares. There were

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-10942758323716785882010-02-19T17:18:00.006-05:002010-02-21T23:42:56.603-05:00

Plunge Protection Team Is A Cheater!Whew! What a week! Greece and other countries in Europe are strangling to death in their debt noose as a result of their cheating the EU limits on deficits. Bernanke decided to surprise the market with a slight increase in the fed discount rate in an attempt to cheat his way to normalizing the currency. Tiger Woods read a paper saying he was sorry he got caught

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-50570950477467224992010-02-12T23:13:00.006-05:002010-02-12T23:17:47.465-05:00

Pilobolus Pilobolus is a fungus that lives and grows in cow dung. Everything in nature exists in balance. Disturb the balance and nature goes askew. Cow dung doesn’t decompose on its own. Fortunately, the fungus, Pilobolus, lives in the dung and helps to decompose the organic matter. Otherwise, the Earth would be covered in, well, dung. Amazingly, the fungus can eject a spore at a speed of up

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-50923181313071212182010-02-05T16:11:00.009-05:002010-02-05T21:37:20.501-05:00

'US Stocks Finish Friday in Black after Dramatic Turnaround'This was a headline at the close of Friday's trading. I have to ask, 'what is so 'dramatic' about the Plunge Protection Team intervening in the markets'? The Dow fell to below 10000 on Friday. What did anyone expect? Of course the pathetic enablers of stock market gains had to intercede. Dramatic? Hardly. The PPT does this all the time.

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-69896054082285281122010-01-30T22:52:00.010-05:002010-01-30T23:37:27.906-05:00

The Dollar Drops the MarketA new week - same old story. The stock market remains a slave to the US dollar. Yes, the US government continues to borrow and print. The Treasury issued another $118 billion in debt this week. That should sink the dollar but this is a different era. The banking cartel that has taken the world captive has to continue the illusion of debt acceptance so they buy dollars

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-4605156446673465252010-01-22T16:14:00.010-05:002010-01-22T16:55:37.699-05:00

Reality Packs a Strong PunchThe chart below is 5 trading days (1/15/2010 - 1/22/2010) with 5-minute bars. The candlestick line is the UUP and the green line is the IYF. Here's the story.The UUP is of course the rising dollar etf. Federal Reserve shills are still having to buy massive quantities of US dollars so they can in turn buy the massive quantity of US debt issued every week. The massive

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0tag:blogger.com,1999:blog-5814403344355683329.post-35214048493753230952010-01-18T11:35:00.006-05:002010-01-18T12:07:33.891-05:00

Same Old StoryThe chart below is a microcosm of the new era of investing. Since the Federal Reserve coup of 2007, the 'market' behavior has radically changed. No longer do we need to concern ourselves with a 'market'. It no longer exists in the sense or definition of a 'market'. The indices go where the Fed pushes them. We no longer need to concern ourselves with corporate earnings. The Fed

Truthhttp://www.blogger.com/profile/05366941907326953332noreply@blogger.com0