Business / Economic / Financial

[ This link to a somewhat more cumulative blog posts page will precede current
days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily.
The same is provided since the blog site [Link]
has just been censored as to size by google which is typical for google as
nsa / cia / gov’t shill as more are becoming aware of. The same is true for
microsoft, another co. that’s seen their best days and relies on the
government to maintain their monopoly. Up to now the better page
[Link] is provided for ease of formatting and clarity
thereby while the Washington Post page is the real deal but without
formatting [Link]
srv/community/mypost/[Link]?
plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId
=alpeia . The following is the cumulative archive of blog posts / topics for
2010 as the new year starts anew:
[Link] or PDF
formatted version
[Link] ]

Bloggers beware: You may be punk'd by the Pentagon

(Russia Today) [ If you’re only punked by the pentagon,
you’re doing well in meaningfully lawless america. There
has been a ‘system change’ at The Washington Post
where I have previously posted for quite sometime; and,
the availability and quality of plenary posts seems, at this
juncture to have been impacted. I will post there and
here on Russia Today for good measure. I’ve included
some of my recent posts: ]
New York Times to charge for access (Washington Post) [ They’re dreamin’.
Who’d be dumb enough to pay for regurgitated, filtered news? ] Some users
soon have to pay for Web and mobile access.

G-7 to intervene in currency markets (Washington Post) [ Well there you go …

nothing to worry about … now that the G7 is intervening … riiiiight! After all,
their track record has been surperlative in precipitating this global meltdown
(see infra). ] Major industrialized nations will combine in a rare coordinated
currency intervention to keep the Japanese yen from rising too sharply in
value in the wake of the country’s recent natural disaster.

This is the grim economic reality [ [Link] ]. This

manipulated bubble in this secular bear market based on b*** s*** alone and
today’s short-covering / suckers’ rally provides an especially great opportunity to
sell / take profits while you still can since there's much worse to come! Looking
Like A Good Time To Sell Into Strength - Harding ‘Many important global stock
markets, including China, Brazil, India and Hong Kong, have been in fairly
significant corrections since November, down between 12% and 17%. Their major
concerns have been rising inflation and the resulting monetary tightening by their
central banks to combat the inflationary pressures...So was this week’s stumble
the beginning of a more serious correction? The events and reports this week did
provide more evidence that the stock market may be ahead of reality regarding
prospects for the economy, and therefore corporate earnings, going forward,
which should at least limit the market’s upside potential. Limited upside potential
equals more downside risk? It might be wise to lighten up some into strength that
may develop over the next few days during the ‘monthly strength period.’ BOB
PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New
Lows

Nuclear emergency could last for weeks, U.S. official warns (Washington Post) [ I
must say, and it brings me no joy to say it, but for those looking for some
silver lining in all this as the ‘glass-half-full’ perma-bulls have been
intimating as the markets rose; well, they’re just dreaming. Japan’s
economy, though better than that of defacto bankrupt america’s, was
already in the tank, particularly looking forward. Indeed, you could cut
current level stock prices in half and still be over-valued inasmuch as this is
far more serious in terms of prospective impacts than is being peddled by
 the pundits. Poor g.e. … like Lucy, they got a ‘lotta splainin’ to do. ] As
Japan sprays stricken reactor with tons of water from helicopters and water
cannons, the U.S. warns of a long crisis. | Rick Maese and Rob Stein, 9:47
p.m.

Global Meltdown? [ Looks like … feels like … seems like … Yes, it is! A global
meltdown! ] Nyaradi ‘Global [Link] words, indeed. However, as we look
around our world, it certainly does appear that a global meltdown is in
[Link] Wall Street Sector Selector, we are nearly fully positioned on the
“short” side of global markets and so were fortunate to have had a pleasant day,
unlike so many investors and citizens of our small world... Japan, Bahrain and
[Link] course, the big news is in Japan, where the struggle to contain the
potential of nuclear meltdown goes on after the tsunami and earthquake. I can’t
add much to this discussion other than to say that from a human standpoint, we
need to do what we can to help our allies in their time of need.I travel often to
Japan and this is a modern Western country now without power and water and
basic essentials for many days, and to fully understand this unthinkable tragedy,
just try to imagine a 30 foot wall of water coming through your neighborhood,
entire neighborhoods and towns disappearing, followed by the threat of nuclear
catastrophe and no water and power for days on end during these cold early
spring [Link] from the human catastrophe, the economic toll of this event
will be felt for years. Some analysts estimate that Japan will have to import an
additional 200,000 barrels of oil per day to make up for the lost output of the
damaged nuclear plants, while insurance and GDP losses are only guestimates at
this early hour but will be surely [Link] the globe, unrest continues in
the Middle East as Bahrain is under martial law, the Libyan government continues
to quell the revolution (while the United Nations dithers) and Portugal’s credit
rating is downgraded and totters again on the edge of financial collapse. At
home, Congress continues putting band aids on our national budget deficit while
home sales plunge to new lows…’

Fantasy? You should be on wall street! U.S. stocks rise (Washington Post) (on
b*** s*** alone) [ This is the grim economic reality [
[Link] ]. This manipulated bubble in this
secular bear market based on b*** s*** alone and today’s short-covering /
suckers’ rally provides an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Looking Like A
Good Time To Sell Into Strength – Harding ] Investors speculate
U.N. approves ‘all necessary measures,’ including no-fly zone, to protect Libyans
(Washington Post) [ The u.n. has spoken … just not to israel lately … Hamas
says Israeli fighter jets bomb facility in Gaza, killing 2 Palestinians [ War
crimes nation israel keeping america looking bad in the Mideast, when
defacto bankrupt america can least afford it. ] Washington Post - GAZA
CITY, Gaza Strip - Israeli fighter jets pummeled a Hamas security facility in
the Gaza Strip on Wednesday, killing two Palestinian civilians / freedom
fighters and wounding four, officials in the Palesinian coastal ... Two killed
in Israeli air strike on Hamas compound in Gaza Jerusalem Post
Palestinians: Three killed in Israel air strike on Gaza Ha'aretz ] The
resolution, passed 10 to 0 with 5 abstentions, opens the door to air and
naval attacks against the forces of leader Moammar Gaddafi as he vowed to
level the city of Benghazi, the last major rebel stronghold.

Neo-Libs Rejoice As UN Declares War On Libya Neo-libs everywhere are

rejoicing. Remember – war is evil unless it’s sprinkled with the magic pixie
dust of UN endorsement and “humanitarian” rhetoric, in which case the
dead bodies, the terror, and the screaming children are all worth it. The fact
that Libya is the richest oil nation on the entire African continent is a mere
coincidence. Go back to sleep – basketball is on the TV. Soon you’ll be able
to crack open a 6 pack and enjoy the air strikes like you would a Dwyane
Wade slam dunk.

VIDEO: EU Naval Forces Fight Piracy off Somali Coast [ Yeah! With all their
nation-bankrupting, self-defeating, wasteful, adventuring, warring for no
good reason in Afghanistan, etc., I have been at a loss to understand why
they are not blasting the skinnies out of the water, along with bombing the
skinny-places of refuge! ]

(Washington Post) [ Comments COMMENTS ARE CLOSED WHILE WE UPGRADE

OUR SYSTEMS ]

Dana Milbank In state legislatures, Tea Partyers take democracy to absurd

lengths. (Washington Post) [ I love to pick on Mr. Milbank … we’re so …
‘opposite’. ‘Louis Brandeis’? As they say on Saturday Night Live, ‘What’s up with
that, what’s up with that’. I concede he was a brilliant jurist (my personal favorite
was Holmes, especially Holmes’ discussion of the law as providing foreseeability
of consequences to actions, ie., threatening to do what one legally can do which
enables the other party to avoid such consequences, etc.. – Boy, did he get that
wrong with pervasively corrupt, defacto bankrupt ‘modern america’ where
meaningfully lawlessness reigns supreme (see, ie., RICO case [
[Link]
[Link] [Link] ] ). Yet
Brandeis’ powers of foresight were sorely lacking [ Upon completion of his first
semester exams he was packing his bags to leave (I think harvard) certain he had
failed out. In fact, he ‘aced’ them all. (I can empathize with that feeling which
unlike anytime after a test I felt after the 3 day bar exam. I felt drained and
‘certain’ I had failed. In fact, I scored so high on the multi-state that my ‘jersey
part’ of the exam became irrelevant (how prescient a circumstance). ]
Laboratory?... I don’t think so … unless you’re talking of that of Dr. Frankenstein
himself.

2chambers: McConnell, McCain draw the line (Washington Post) [ mccain

recently said that if he had been elected president, defacto bankrupt america
would be fighting 3 wars. Talk about a race to the ‘bottom’. Earth to mccain …
that’s why you weren’t elected (mccain’s a loser, from wrestler, to downed pilot,
to songbird pow, to keating 5 man who should have gone to jail, etc.; although
wobama the b (for b*** s***), despite promises to the contrary, has been no better;
viz., maybe 2 and a half wars despite the nation’s defacto bankruptcy. Never trust
a *********** Go ahead, fill it in … whatever comes to mind … don’t feel guilty, his
presidency’s done! Obama Laments He’s Not President Of Communist China
[ Time to relieve wobama the b’ (for b*** s***) of his burden by impeaching /
removing him from office without delay! He may not have been the first black
president (Clinton is generally considered the first black president by blacks and
whites alike, a moniker Clinton accepted and wore proudly – that 18% vote), but
he is certainly the last! Drudgereport: City Lowers Police Testing Standards
Because Not Enough Blacks Passed... Under pressure from Obama
administration... Illinois mayor says Obama still owes city $55,457... Obama to
party with Washington reporters... Golf in the afternoon... ] Weekly Standard |
“Mr. Obama has told people that it would be so much easier to be the president of
China.” Dave’s Daily: ‘…Where is the president? This has been a universal
question raised by both right and left. Obama appeared on ESPN to go over his
NCAA basketball bracket, is hosting a $30K a plate fund raiser in Harlem and
heads this weekend to Rio. The president's disconnect is beyond belief and his
ears have turned to tin…’ Obama Plays While Japan Begs for Help [ ‘Wobama
the b’ (for b*** s***) is a typical ‘***************’ … Go ahead, fill it in … whatever
comes to mind … don’t feel guilty, he’s already a failed president who should be
impeached / removed from office without delay and a total incompetent and fraud.
] Watson/Jones | With the world on fire, the President goes AWOL again … ’
Financialization and Our Increasingly Unstable Economy Roche ‘I finally got
around to seeing the movie Inside Job, the story behind the credit crisis and
winner of the Academy Award for best documentary. It’s very good and I highly
recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The
movie doesn’t place nearly enough blame on homeowners, but all in all it does an
excellent job of showing how Wall Street and government have become overrun
by deregulation and sheer greed. A combination of flawed economic theory and
greed have combined to create the beast that we now call a “functioning”
economy. The worst part of it all is that President Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the policies
that helped get us here in the first place. ]

US says plant's spent fuel rods dry; Japan says no (AP) AP - Nuclear plant
operators trying to avoid complete reactor meltdowns said Thursday that they
were close to completing a new power line that might end Japan's crisis, but
several ominous signs have also emerged: a surge in radiation levels,
unexplained white smoke and spent fuel rods that U.S. officials said could be on
the verge of spewing radioactive material. Lessons from the long tail of
improbable disaster (Washington Post) [ No! I disagree with the implication of the
article! Modern life advantages? What, new fangled frauds? That was the
bottomline to the real estate debacle; that is, the ‘pretend’ was creating an
ongoing plethora of profits derived from literally worthless paper. If not for
financial incentive (from fraud), and certainty of prosecution for the fraud (to date
such has not occurred), this still extant debacle in the trillions would not have
occurred. Moreover, and this is not 20/20 hindsight, I had no idea of the
prevalence of earthquakes in Japan (but was aware of their nuclear energy
commitment) and clearly, conscious decisions for the sake of extra profits were
made regardless of risk. Some (ie., earthquake-prone) nations just have to suck it
up and make do without nuclear (and pay more for fossil fuels, etc., which would
affect margins). The BP disaster was the consequence of a known flaw, even
warned against by personnel close to the debacle (the solution possibly affecting
executive bonuses, yacht, plane, exotic vacation home, etc.). New Orleans? …
well, who’d want to live there anyway outside of the Mardi Gras celebration…just
kidding. All the attention in the world does not change the ‘facts of life’. No, not
those facts of life, but reality. ] The lesson of disasters such as the one in Japan
is that more attention must be paid to extra risks that come with all the
advantages of modern life
VIDEO: EU Naval Forces Fight Piracy off Somali Coast [ Yeah! With all their
nation-bankrupting, self-defeating, wasteful, adventuring, warring for no
good reason in Afghanistan, etc., I have been at a loss to understand why
they are not blasting the skinnies out of the water, along with bombing the
skinny-places of refuge! ]

Is the Bear Market Back? [ The bear market never left … This has been a
manipulated bubble-bull cycle in this secular bear market based on b*** s***
alone and hence, is an especially great opportunity to sell / take profits while you
can since there's much worse to come! ] Michaud ‘Financial Markets at Critical
Junctures’ (see infra)

U.S. Stocks in Red, Though Markets Cut Early Losses Amid Fed Optimism [ Fed
optimism? You mean ‘fed b*** s*** ‘! Yes, we’re spoon fed ‘fed b*** s*** ‘. The
same ‘no-recession’ b*** s*** that wall street frauds are made of and thrive on.
What do you expect them to say? After all, it’s the fed’s incompetence, complicity
and wall street’s greed, fraud! ] Midnight Trader (see infra)

The sad, hypocritical retirement of Evan Bayh Klein (Washington Post) [ What’s
so sad about it? Maybe only that the entire congress hasn’t stepped down
with him, along with ‘wobama the b’ and the rest of his executive branch
except law enforcement, and that other so-called judicial branch of plushly
accoutered lifetime appointees. After all, someone must bear responsibility
for the pervasively corrupt, defacto bankrupt state of the nation. If not them,
then who. In the figurative (and I mean figurative not literal) sense, we should
all burst out with that familiar refrain from ‘Another one bites the dust’.]
Obama Laments He’s Not President Of Communist China [ Time to relieve
wobama the b’ (for b*** s***) of his burden by impeaching / removing him
from office without delay! He may not have been the first black president
(Clinton is generally considered the first black president by blacks and
whites alike, a moniker Clinton accepted and wore proudly – that 18% vote),
but he is certainly the last! Drudgereport: City Lowers Police Testing
Standards Because Not Enough Blacks Passed... Under pressure from
Obama administration... Illinois mayor says Obama still owes city
$55,457... Obama to party with Washington reporters... Golf in the
afternoon... ] Weekly Standard | “Mr. Obama has told people that it would
be so much easier to be the president of China.” Dave’s Daily: ‘…Where is
the president? This has been a universal question raised by both right and
left. Obama appeared on ESPN to go over his NCAA basketball bracket, is
hosting a $30K a plate fund raiser in Harlem and heads this weekend to Rio.
The president's disconnect is beyond belief and his ears have turned to
tin…’ Obama Plays While Japan Begs for Help [ ‘Wobama the b’ (for b***
s***) is a typical ‘***************’ … Go ahead, fill it in … whatever comes to
mind … don’t feel guilty, he’s already a failed president who should be
impeached / removed from office without delay and a total incompetent and
fraud. ] Paul Joseph Watson & Alex Jones | With the world on fire, the
President goes AWOL again … ’ Financialization and Our Increasingly
Unstable Economy Roche ‘I finally got around to seeing the movie Inside
Job, the story behind the credit crisis and winner of the Academy Award for
best documentary. It’s very good and I highly recommend it to anyone who
hasn’t seen it. It will certainly infuriate you. The movie doesn’t place nearly
enough blame on homeowners, but all in all it does an excellent job of
showing how Wall Street and government have become overrun by
deregulation and sheer greed. A combination of flawed economic theory and
greed have combined to create the beast that we now call a “functioning”
economy. The worst part of it all is that President Obama, who vowed
change, has done almost nothing to fix any of it and in fact continues most
of the policies that helped get us here in the first place. …’ ‘INSIDE JOB’
Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares
with oscar in hand that not one high level wall street exec has been
prosecuted … despite ‘earning’ billiions from the fraud ), the commentator /
experts recommend getting rid of the corrupt eric holder ( now what do
holder and wobama have in common … is it wall street money ………… is it
a proclivity for jive-talking / b*** s*** ………all of the above, some of the
above ……….. or is it something else …… here’s a hint - UPDATE: MORE
CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO
PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his
former employer of instructing attorneys in the civil rights division to ignore
cases that involve black defendants and white victims ...’ US v. AZ...
 Cases against Wall Street lag despite Holder’s vows to target financial fraud
Washington Post | Obama has promised to hold Wall Street accountable for
the meltdown. ) (see this film, I strongly recommend the complete
documentary – the following is a preview/summary)
[Link]

[Here’s an archived version

’Inside Job’ New Documentary Exposes Wall Street Fraud And How Banksters
Continue To Steal Our Money

Web site Link / Path to archived file: [Link]

[45mb ]
[Link] [ 65mb ] ]

] Former general counsel inherited part of a Bernard Madoff account.

Ethics code urged for Supreme Court (Washington Post) [ Sounds like a plan!
Come on! Wake up! After all, what can you expect from two guidos from ‘jersey
(alito and scalia, colloquial – note that I have refrained from using what some
might consider disparaging terms as w*p*, gui***s, or da***s … and let me state
for the record that I truly loved and respected my grandmother who was 100%
Italian/Bari,Italy and as well my grandfather/Lake Como,northern Italy with greek
ancestral roots and I thereby claim standing/right to posit the criticism in light of
my direct experience. ). How ‘bout starting with enforcing laws as to judges, liars,
etc., within the very corrupted american illegal system; and, particularly bribes
which in one form or another are rampant . I don’t know about Thomas ( 3-4-11
Throw Clarence Thomas Off the Bench (The Daily Beast) ) , but I do know about
alito and ‘jersey … :
October 15, 2010 (*see infra)

Steven M. Martinez, Assistant Director In Charge

Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your
computer’s browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to
prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as
filed with the subject court as referenced therein (which files are also included on the
aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as
you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including
treble damages and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of
such assistance given the seriousness and prevalence of said violations of law which have a
corrupting influence on the process, and which corruption is pervasive). A grievance
complaint against Coan was also filed concurrently with the subject action and held in
abeyance pending resolution of the action which was illegally dismissed without any
supporting law and in contravention of the Order of The Honorable Robert N. Chatigny,
Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the
referenced documents as filed. (Owing to the damage to the financial interests of both the
U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims Act probably would apply and I would absent
resolution seek to refer the within to a firm with expertise in that area of the law with
which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office
in New Haven is probably the best and most concise summary of the case RICO Summary
to FBI Under Penalty of Perjury at Their Request (5 pages)
[ [Link]
[Link] ].

The correspondence I received from the Congresswoman by way of email attachment

(apparent but typical problem with my mail) along with my response thereto is included on
the 3 disks as [Link] . With regard to the calls to the FBI’s LA
and New Haven, CT offices: There was one call to the LA office and I was referred to the
Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as indicative
of same (he was transferred from said office within approximately a month of said meeting
and his location was not disclosed to me upon inquiry). The matter was assigned to FBI
Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to
which he registered disbelief and requested I prove it, which I did – he served 12 years in
prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation –
Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of

information including evidence supporting the claims set forth in the RICO VERIFIED
COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,
1. A judgment had been entered in my favor in the case, United States District Court
Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in
excess of $300,000 remains unaccounted for and which could be used for payment to
creditors, Los Angeles, etc..
2. Counsel Robert Sullivan on my behalf documented by way of certification upon
investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false
statement he predicated a retaliatory and spurious contempt proceeding against me
causing substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings.
3. The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant
Coan’s failure to file anything whatsoever by the court’s deadline causing creditors
and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s
Failure to File Page 1 Page 2 ]
4. Defendant Coan had filed an action against me to prevent me from suing him which
necessitated me to fly to Connecticut for a hearing before The Honorable Robert N.
Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s
requested relief as to Coan but precluded my action against Shiff (although there is
no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a
case under Title 11, USC, etc.) . [ transcript in pertinent part -
[Link] ]
5. Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was
assigned the RICO case despite the conflict of interest in light of hundreds of
thousands of dollars of illegal (drug) money being laundered through the Trump
casinos by the RICO defendants, and despite my motion to recuse her which motion
she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met
personally refused to join or file a separate motion to recuse and not long thereafter
left said office for private practice at Cole, Shotz, et als on retainer with the RICO
defendants as his primary client.
6. Probative and evidentiary documents, affidavits, exhibits, including those turned
over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S.
Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office
in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with the
office, that the file/documents could not be located, and that there was no further
information available concerning contacting him or his location. I thereupon
delivered by hand, copies of said documents to the office of then U.S. Attorney Alito,
addressed to him, with assurance they would go directly to him. In addition to being
inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on
purpose?) since I was suing some mob-connected under RICO and the court (I had
known / previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20
mob defendants (rather than prosecute one or a few to flip them first) who feigning
illness had beds/cots in the courtroom along with their moans during testimony and
 had the jury in stitches. As much as I hate the mob, it truly was funny, if not so
tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a
reasonable (but still rather short) time I called to determine the status and was told
that Alito was no longer with the Office of the U.S. Attorney, that he was
(appointed) a federal judge, and that neither the documents nor any file or record of
same could be located. Alito did parley the same / cover-up into quid pro quo direct
lifetime appointment to the Court of Appeals, 3rd circuit, despite the absence of
judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry
as well). This is the same Sam Alito that now sits on the purported highest court in
the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal scenario,
which should be resolved in accordance with the meaningful rules of law apposite
thereto.

Sincerely,

Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater non-
performance / worsening by their ‘fix’ so cell phone best for contact).
] Group of law professors' appeal comes after controversies involving travel and
appearances at political events by several justices.

Why your local Hospital could soon shut down (Ad)

[Link] [ The
instant video on the economic / financial collapse from Stansberry and
Associates is so well researched and succinctly presented that I’ve archived
same on my website; also, because the facts and views presented comport with
the facts and views I’ve presented on my site which I believe to be correct. This is
a must-view, must-see that I strongly recommend!
The complete url: [Link]
( 146mb – approx. 1 hr. 17 min. )
[Link] ( 374mb )
Written text of presentation (without pictures / charts)
[Link] ]
(Washington Post) [Wobama says daffy gaddafi’s time is up, got to go. The same
can be said of wobama et als and his fraudulently failed presidency.
Sheen On Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too
gentle in his criticism of wobama (Some might reflexively, defensively
allege drugs (prescription or otherwise) or any number of the varied
personality disorders so prevalent in america … ‘fuzzy, California laid back
thinking’, ‘whatever’… Who knows? ) But, that said, wobama’s far worse
than just a ‘coward in a cheap suit’. Indeed, Wobama’s a total fraud having
been elected under false pretenses; viz., his total, unequivocal, and
unfulfilled b*** s*** (those campaign promises) ! Moreover, there has been
some persuasive documentation questioning wobama’s citizenship /
birthplace placing his eligibility to even hold the office of president in
question. Drudgereport: UPDATE: Huckabee claims Obama grew up in
Kenya... The Obama Nation, by Jerome Corsi Rezko was corrupt, and
supported Obama in many campaigns as well as in Obama buying his
home -- and therefore, according to Corsi, Obama is corrupt
by ...[Link]/Obama_Nation.htm ] Amidst the controversy of
his wild interview on the Alex Jones Show yesterday, actor Charlie Sheen
wasted little time in confronting President Barack Obama on his failure to
answer Sheen’s twenty questions concerning 9/11, calling Obama, “a
coward in a cheap suit.” A Government Shut-down Imperils the Power
of Congress Paul Craig Roberts | Congress could try to protect its loss of
the power of the purse by impeaching Obama. Drudgereport: WOBAMA
'IMPEACHMENT' WARNING... ...to announce exploratory committee 'in 10
days' Globalist Shill Barack Obama Asks Business Leaders For Job
Creation Ideas Even As He Ships More Of Our Jobs Overseas As Part Of
The New One World Economy The other day, Barack Obama summoned a
group of business and labor leaders to the White House and “challenged”
them to come up with some great ideas for creating more jobs inside the
United States. Public confidence in Obama reaches new low (Washington
Post). Six in 10 Americans lack faith in Obama and hold lower esteem for
members of Congress, according to the latest Washington Post-ABC News
poll. Such stats as this tend to typify scenarios as this where you break
every significant campaign promise that got you elected, from endless war
(ie., Afghanistan, etc.) to not prosecuting the frauds on wall street, and the
growing realization of ‘typical’: Public confidence in Obama reaches new
low (Washington Post) Six in 10 Americans lack faith in Obama and hold
lower esteem for members of Congress, according to the latest
Washington Post-ABC News poll. Such stats as this tend to typify
scenarios as this where you break every significant campaign promise that
got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting
the frauds on wall street, and the growing realization of ‘typical’:

But still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the
world’s detriment. Firms subpoenaed in attempt to regain Fannie, Freddie
losses (Washington Post). But there’s a reason:
The following youtube video is well worth the look and explains how and why the
frauds on wall street have gotten away with their devastating fraud thus far.
The frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE BIAS AT
JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK
PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ...’ US v. AZ... Cases against Wall Street lag
despite Holder’s vows to target financial fraud Washington Post | Obama has
promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ [Link]

v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from
=PL&index=0&playnext=1 – well worth a look. [ The Obama Deception
Number 1 on U.S. Google Trends ]

While boner and barton are indeed jokes / vegetables that bespeak the single-
digit approval rate for congress, obama’s failure to deliver on promises with
as well, endless war spending despite defacto bankruptcy of the nation and
a watered down nothing financial regulation bill for talking points but little
substance, make him as big a joker, along with the dems. This well
researched / produced video tells the real story :
[Link]
v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from
=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the view.
[ The Obama Deception Number 1 on U.S. Google Trends ]

‘The Obama Deception’ Censored A viral You Tube upload of one of Alex Jones’
most popular feature films ‘The Obama Deception’ has been censored following a
spur of the moment campaign to elevate the movie’s title to the top of the major
internet search engines. In light of this development, I provide an archived site
version which appears to be complete (but will be compared with earlier version
and replaced with same if incomplete)
[Link]

Then there is the well researched, produced, and informative ‘ESOTERIC

AGENDA’ which explains how we’ve gotten to this forlorn point:
[Link] For
the Same Reason I’ve Included Here a Web Site Archived FLV Version of
Esoteric Agenda [Link]
Ellen Bente Oliver ‘Salary of House/Senate...$174,000. Salary of Speaker of
House...$223,500. Salary of Majority/Minority Leaders...$193,400. Average US
Salary...$33,000 to $77,000. Maybe our elected officials should make an average
salary too...It's a time of sacrifice after all...Pass along, post on your own page if
you agree…’

World's richest are almost $1 trillion richer [ And the other 95% trillions poorer. ]

Go to following pages for above links:

[Link]
[Link]
[Link]
[Link]
[Link]

You may post a comment on my blog on any topic:

[Link]

Drudgereport: UN AUTHORIZES MILITARY STRIKES ON LIBYA...

HILLARY'S WAR
Strikes Could Come Within Hours...
'ALL NECESSARY MEASURES'...
THE BOOT: Sorties from Italy...
Canada on the march...
GADDAFI: 'WE ARE COMING TONIGHT'...
 'THERE WON'T BE ANY MERCY'...
Japan's increasingly frantic efforts at nuke plant...
'Like suicide fighters in a war'...
Mayor of town near nuke: 'They're leaving us to die'...
DESPAIR TURNING TO ANGER...
'We're Very Close Now to the Point of No Return'...

Oversold Market Rally: Dave's Daily ‘It was time for a good oversold short
squeeze and we got it today. Wednesday's large selloff took the McClellan
Oscillator to sub -60 readings; the VIX nearly broached the fear level of 30; and,
daily RSIs in some sectors also pushed below 30 meaning more oversold
conditions. The initial stimulus for today's rally came from FedEx which actually
reported results that missed, but gave a cautiously positive forecast. The stock
rallied 5% on the news initially. Jobless Claims also fell just matching
expectations; headline CPI was up .5% (I refuse to report the bogus "core" rate);
Industrial Production was a large miss lower (-.1% vs. +.5%); Leading Indicators
missed expectations (.8% vs 1% expected) but the Philly Fed knocked the cover
off the ball with a reading of 43.4 vs 28 expected. Little noticed by bulls was the
huge rise in prices that will surely be noted in the next PPI report. The Fed
tossed-in another $7B in POMO to grease the trading desks and "wink-wink" they
know what they're supposed to do with that cash. As to problems with Japan and
MENA, bulls just put those aside for today. Also options expiration is at hand and
can add significantly to volatility…’

Housing Starts and the New Bear Market [ Actually, this has been a manipulated
bull (s***) cycle in a (continuing) secular bear market. ] Suttmeier ‘Housing Starts
and Building Permits disappoint. Part of my bear market theme is that Federal
Reserve policy has failed to help cure the original catalyst that began the bear
market of October 2007 to March 2009. Homebuilder stocks peaked in mid-2005,
community banks peaked at the end of 2006, and regional banks including those
considered "too big to fail" topped out in March 2007. Housing remains
depressed, and community banks continue to fail on "Bank Failure Friday!" You
would think that the zero to 0.25% federal funds rate in effect since December 16,
2008 would have helped, but it has not. You would think that QE2, which comes
to an end on June 30 would have helped, but it has not. Meanwhile the FOMC
ignores the rising cost of living on Main Street USA. Ben Bernanke needs to be
replaced as Fed Chairman! …’
Wednesday morning we learned that housing starts and building permits for new
home construction posted unexpected declines. Housing Starts plunged 22.5%
from January to a seasonally adjusted 479,000 units, the second slowest pace on
record. Building Permits fell 8.2% to a record low pace of 517,000. How come the
zero percent money from the Fed and QE2 cannot get to the cause of "The Great
Credit Crunch," which continues since March 2007?

The New Bear Market – Most of my readers know that I was bearish beginning in
March 2007 led by housing and financials. The broader market continued to rally
into October 2007. With the Dow above 14,000 I predicted that the next 2000 Dow
points would be down, not up. I became a bull on March 5, 2009 for a 40% to 50%
bear market rally. Sure I missed some of the rally in 2010, but in September called
for Dow 11,235 by election day on the prospect of a Republican victory, and re-
iterated that call in early-October in anticipation of QE2. My call for 2011 is that
strength would fail below 12,600, and I predicted the top on February 18 at
12,391.29 for both fundamental and technical reasons. We had a ValuEngine
Valuation Warning with 68.6% of all stocks overvalued. Today only 49.6% of
stocks are overvalued. Today 11 of 16 sectors are overvalued, but just one by
double digits. The Dow Industrial Average was extremely overbought on its
weekly chart. A close on Friday below 11,856 will pull momentum (12x3x3 weekly
slow stochastic) below 8.0, which to me is the confirmation of a cycle high. On
February 18 this reading was 9.5. My first downside objective is my annual risky
level at 11,491. Given a close in March below 11,491 the downside is to
semiannual value levels at 10,959 and 9,449.

10-Year Note – (3.210) This yield declined to 3.139 on a continued flight to quality
on Wednesday closing in on the 200-day simple moving average which lines up
with my monthly risky level at 3.015 and 3.002. Today’s pivot is 3.264 with weekly
value level at 3.634.

Comex Gold – ($1396.7) The 50-day simple moving average is $1379.6 with my
annual value level at $1356.5, and my weekly pivot at $1404.1, which was tested
on Wednesday. Monthly and quarterly pivots are $1437.7 and $1441.7 with my
semiannual risky level is at $1452.6.

Nymex Crude Oil – ($98.28) Held my monthly value level at $96.43 on Wednesday
and stayed below my annual pivots at $99.91 and $101.92. My daily pivot is $98.23
with semiannual and quarterly risky levels at $107.14 and $110.87.

The Euro – (1.3890) It appears that my weekly risky level at 1.4089 is a barrier. My
quarterly value level is 1.3227 with a daily pivot at 1.3846, and weekly, semiannual
and monthly risky levels at 1.4089, 1.4624 and 1.4637.

All daily charts for the major equity averages are negative – The Dow is below 50-
day simple moving average at 12,011 with declining daily momentum (12x3x3
daily slow stochastic). There are no oversold measures as yet. Wednesday’s low
was 11,555.48…’ Housing Starts Point to Weakening Housing Market Suttmeier
‘Housing Starts, Building Permits Disappoint -- Part of my bear market theme is
that Federal Reserve policy has failed to help cure the original catalyst that began
the bear market of October 2007 to March 2009. Home builder stocks peaked in
mid-2005, community banks peaked at the end of 2006, and regional banks
including those considered “too big to fail” topped out in March 2007. Housing
remains depressed, and community banks continue to fail on Bank Failure
Friday! You would think that the zero to 0.25% federal funds rate in effect since
December 16, 2008 would have helped, but it has not. You would think that QE2,
which comes to an end on June 30, would have helped, but it has not. Meanwhile
the FOMC ignores the rising cost of living on Main Street, USA. Ben Bernanke
needs to be replaced as Fed Chairman!

Wednesday morning we learned that housing starts and building permits for new
home construction posted unexpected declines. Housing starts plunged 22.5%
from January to a seasonally adjusted 479,000 units, the second slowest pace on
record. Building permits fell 8.2% to a record low pace of 517,000. How come the
zero percent money from the Fed and QE2 cannot get to the cause of “The Great
Credit Crunch," which continues since March 2007?

The New Bear Market -- Most of my readers know that I was bearish beginning in
March 2007 led by housing and financials. The broader market continued to rally
into October 2007. With the Dow above 14,000 I predicted that the next 2000 Dow
points would be down, not up. I became a bull on March 5, 2009 for a 40% to 50%
bear market rally. Sure I missed some of the rally in 2010, but in September called
for Dow 11,235 by Election Day on the prospect of a Republican victory, and
reiterated that call in early October in anticipation of QE2. My call for 2011 is that
strength would fail below 12,600, and I predicted the top on February 18 at
12,391.29 for both fundamental and technical reasons. We had a ValuEngine
Valuation Warning with 68.6% of all stocks overvalued. Today only 49.6% of
stocks are overvalued. Today 11 of 16 sectors are overvalued, but just one by
double digits. The Dow Industrial Average was extremely overbought on its
weekly chart. A close on Friday below 11,856 will pull momentum (12x3x3 weekly
slow stochastic) below 8.0, which to me is the confirmation of a cycle high. On
February 18 this reading was 9.5. My first downside objective is my annual risky
level at 11,491. Given a close in March below 11,491 the downside is to
semiannual value levels at 10,959 and 9,449.

10-Year Note -- (3.210) This yield declined to 3.139 on a continued flight to quality
on Wednesday closing in on the 200-day simple moving average which lines up
with my monthly risky level at 3.015 and 3.002. Today’s pivot is 3.264 with weekly
value level at 3.634.[chart]

Comex Gold -- ($1396.7) The 50-day simple moving average is $1379.6 with my
annual value level at $1356.5, and my weekly pivot at $1404.1, which was tested
on Wednesday. Monthly and quarterly pivots are $1437.7 and $1441.7 with my
semiannual risky level is at $1452.6. [chart]

Nymex Crude Oil -- ($98.28) Held my monthly value level at $96.43 on Wednesday
and stayed below my annual pivots at $99.91 and $101.92. My daily pivot is $98.23
with semiannual and quarterly risky levels at $107.14 and $110.87.[chart]

The Euro -- (1.3890) It appears that my weekly risky level at 1.4089 is a barrier. My
quarterly value level is 1.3227 with a daily pivot at 1.3846, and weekly, semiannual
and monthly risky levels at 1.4089, 1.4624 and 1.4637.[chart]

All daily charts for the major equity averages are negative -- The Dow is below 50-
day simple moving average at 12,011 with declining daily momentum (12x3x3
daily slow stochastic). There are no oversold measures as yet. Wednesday’s low
was 11,555.48.[chart]

Key Levels for the Major Equity Averages

• The Dow Industrial Average (11,613) -- My annual value level is 11,491 with
a daily pivot at 11,746, and weekly and monthly risky levels at 12,400 and
12,741.

• The S&P 500 (1256.9) -- My annual value level is 1210.7 with my quarterly
pivot at 1262.5, my daily pivot at 1266.3, and weekly and monthly risky
levels at 1327.3 and 1381.3. A weekly close below 1284 shifts the weekly
chart profile to negative.

• The NASDAQ (2617) -- My daily pivot is 2611 with weekly, quarterly and
monthly risky levels at 2753, 2853 and 2926. Semiannual and annual value
levels are 2363, 2335 and 2172.

• The NASDAQ 100 (NDX) (2203) -- My daily pivot is 2201.8 with weekly,
quarterly, and monthly risky levels at 2333, 2438 and 2499. Semiannual
value levels are 2006.8 and 1927.6.

• Dow Transports (4950) -- My quarterly value level is 4671 with a weekly

pivot at 4995, and daily and annual pivots at 5051 and 5179.

• The Russell 2000 (781.90) -- My quarterly value level is 765.50 with daily and
annual pivots at 778.07 and 784.16, and a weekly pivot at 805.37, and
monthly risky level at 850.79. Semiannual value levels are 631.62 and
567.74.

• The Philadelphia Semiconductor Index (SOX) (412.44) -- My daily value level

is 396.87 with weekly, monthly and quarterly risky levels at 447.74, 453.89
and 465.93. Semiannual and annual value levels are 296.89, 270.98 and
259.30. ‘
US says plant's spent fuel rods dry; Japan says no (AP) AP - Nuclear plant
operators trying to avoid complete reactor meltdowns said Thursday that they
were close to completing a new power line that might end Japan's crisis, but
several ominous signs have also emerged: a surge in radiation levels,
unexplained white smoke and spent fuel rods that U.S. officials said could be on
the verge of spewing radioactive material. Lessons from the long tail of
improbable disaster (Washington Post) [ No! I disagree with the implication of the
article! Modern life advantages? What, new fangled frauds? That was the
bottomline to the real estate debacle; that is, the ‘pretend’ was creating an
ongoing plethora of profits derived from literally worthless paper. If not for
financial incentive (from fraud), and certainty of prosecution for the fraud (to date
such has not occurred), this still extant debacle in the trillions would not have
occurred. Moreover, and this is not 20/20 hindsight, I had no idea of the
prevalence of earthquakes in Japan (but was aware of their nuclear energy
commitment) and clearly, conscious decisions for the sake of extra profits were
made regardless of risk. Some (ie., earthquake-prone) nations just have to suck it
up and make do without nuclear (and pay more for fossil fuels, etc., which would
affect margins). The BP disaster was the consequence of a known flaw, even
warned against by personnel close to the debacle (the solution possibly affecting
executive bonuses, yacht, plane, exotic vacation home, etc.). New Orleans? …
well, who’d want to live there anyway outside of the Mardi Gras celebration…just
kidding. All the attention in the world does not change the ‘facts of life’. No, not
those facts of life, but reality. ] The lesson of disasters such as the one in Japan
is that more attention must be paid to extra risks that come with all the
advantages of modern life

[video] Analyst Sees Fibonacci Retracement

[video] Market Rallies on Oil [ Yeah … riiiiight … that’s bullish … keep the
inflation comin’ … talk about inmates running the asylum! ]

Market in a Slow-Burn Mode and Starting to Wilt the Inflation Trader ‘…and now,
I’m supposed to be a nuclear engineer? Financial engineering is in some ways
similar to nuclear engineering, which is one reason we use terms in finance like
“nuclear waste” to mean a particularly toxic tranche of a deal that no one wants
to have, or refer to a particular credit as being “radioactive.” The credit crisis has
also been called a “financial meltdown.” But most of the products that Wall Street
creates don’t actually kill people (on the other hand, they also don’t get better
when you pour water on them, so perhaps the jury is still out on which is worse).

Markets reacted poorly for most of the day yesterday on the news coming out of
Japan. The Federal Reserve was forced to cancel its scheduled bond buy-back in
mid-stream when the Dow Jones newswire ran headlines saying “EU ENERGY
CHIEF: SITUATION AT JAPAN NUCLEAR PLANT OUT OF CONTOL” and “EU
ENERGY CHIEF: POSSIBLE CATASTROPHIC EVENTS IN NEXT HOURS.” Bonds
predictably shot straight up and stocks tumbled until the EU energy chief
admitted that his “analysis” had been gleaned from details in news reports. The
Fed re-initiated and complete the bond buyback, and everybody learned a lesson
not to listen to the EU Energy Chief. Ever. Again.

The U.S. stock market, however, is also in slow-burn mode and starting to wilt.
Yesterday’s 2% decline in the S&P on the highest volume of the year (1.4bln
shares or so) took the index to flat on the year. Easy come, easy go. Meanwhile,
the Nikkei rallied overnight (5.7%) and the Yen strengthened to match its all-time
strongest level, 79.80 yen to the dollar, last seen in 1995. Yes, you read that
correctly. The U.S. market is all aflutter now while the Nikkei is rallying and the
Japanese currency is actually rallying. Maybe nuclear engineering would be
easier.

Speaking of the 2008 meltdown, a reminder of it was called up yesterday when

the Wall Street Journal ran an article entitled “Banks Probed in Libor
Manipulation Case.” In 2008, there was another Journal story – and it probably
prompted this investigation, as that is the way these things go – that pointed out
that LIBOR was exceptionally low given the apparent difficulty many banks were
having funding themselves in the LIBOR market. It was clear that it was
predominantly hedge funds that were upset by the settings and stirring up
trouble; after all, the banks are lending money tied to LIBOR and most of us are
borrowing that money…so why would we get all bent out of shape because
LIBOR was being mismarked too low?

This whole issue wouldn’t even exist if the British Bankers’ Association (BBA)
hadn’t changed the way the LIBOR survey was conducted some years ago. Until
1998, LIBOR was set by a survey in which a large number of money market
dealers were asked the following question: “At what rate do you think interbank
term deposits will be offered by one prime bank to another prime bank for a
reasonable market size today at 11am?” On the basis of that question, the crisis
of 2008 wouldn’t affect the setting since it became merely hypothetical. There
were no prime banks in late 2008, but that doesn’t mean it isn’t possible to
speculate where such banks might have lent to each other. This was a smart way
to word the question because it meant that (a) no bank was forced to reveal its
own cost of funds to its competitors and (b) it abstracted from the occasional
funding difficulties that a bank or two might have in special circumstances. That
bank, during its problem, wasn’t a prime name bank so it could be ignored for the
purpose of the survey.

However, as the swaps market grew and with it, the importance of the LIBOR rate,
I suppose the BBA thought it oughtn’t be so hypothetical. So the survey
procedure was changed, and now banks are asked “At what rate could you
borrow funds, were you to do so by asking for and then accepting inter-bank
offers in a reasonable market size just prior to 11 am?” (Thanks to MM for helping
me find that.)

This is obviously a very different question. Now banks are expected to trumpet to
the world when they are having funding difficulties. Moreover, the question leads
to absurdities in the circumstances of late 2008. Complainers think that LIBOR
should have been marking higher than it was, but how are you supposed to
answer this when the real answer is “infinity. No funds are being offered to me or
to any other bank at any price”? And that was in fact the situation. Banks were
being ordered not to put out 12-month, 6-month, 3-month, and for a time even 1-
month and shorter money.

If you had offered 100% and been lifted, you would have lost your job (especially
if that bank then collapsed the next day and your unsecured LIBOR deposit went
down the hole with it). So there was literally no correct answer. Obviously, some
banks unilaterally altered the question they were answering (since they are
required to answer it, and amended to the question “…and the market was
functioning normally.” Or perhaps they merely decided to answer the question in
the original, pre-1998 spirit. Can we blame people for giving a bad answer to a
stupid question? I suppose it makes sense to look to see if there was collusion
among the twenty banks that make up the LIBOR survey, although it is a little
hard to imagine how a secret agreement could have been kept with so many
conspirators.

This just in: the housing market is still radioactive as well. Yesterday’s Housing
Starts figure printed at 479k, only 2k above the absolute low of April 2009. This is
good, in a way, since less construction means less inventory, which means
existing inventory gets worked off more quickly and more homebuyers get
shunted to the existing home market where the inventories are really ugly. But it
also means that construction is not going to be adding much to the growth
figures for a while…

The housing data was lost in the global geopolitical news, as is appropriate. But it
was harmonious with what the market wanted to do anyway. Stocks wanted to
fall, and they did. Bonds wanted to rally, and the 10y yield declined 10bps to
3.20%, the lowest yield since December and starting to make Bill Gross look
kinda bad (but seriously, Mr. Gross has many powers but the ability to predict
earthquakes, I suspect, is not among them).
Commodities were flat, with the Ags and Industrial Metals down and energy up.
Crude oil regained the $98 level. Opinions on oil vary widely, but I’m a bull.
Monetary policy, respectable global growth, damage to MENA production
environments, and a decrease in the BTU that can be output from nuclear – that
seems like a bullish mix to me.

Today’s data includes Initial Claims (Consensus: 388k from 397k), Industrial
Production/Capacity Utilization (Consensus: +0.6%/76.5%), Leading Indicators
(Consensus: +0.9%), and the Philly Fed Index (Consensus: 28.8 vs 35.9).

But by far the most important data is the CPI report. The consensus calls for
+0.4% on headline and +0.1% on core, raising the year/year headline number to
+2.0% and maintaining +1.0% on core.

I think there is risk to the upside on core inflation. Last month, the print surprised
on the upside at +0.17% m/m, which brought the y/y number to +0.95% (rounded
to +1.0% in news reports). What are the chances of another similar number, more
than 0.1% but not quite 0.2%?

I think the odds are reasonable. Recall that last month, major subindices of the
CPI constituting 83.5% of total inflation showed acceleration in the year-on-year
numbers (to review what I wrote last month, follow this link). And, as I pointed out
just 10 days ago, the recent rise in inflation swaps, especially combined with the
decline in forward energy quotes, implies that the market also expects core to
rise (updated chart below, click to enlarge). [chart]

Purple line is expected core inflation over the next 1 year implied by current
inflation swaps and forward energy futures.

As I said in that recent comment, however, the aggressive expectations that are
embedded does create the potential for disappointment. The inflation market is
far more likely to respond negatively to an as-expected print than it is likely to
respond positively to a higher-than-expected core print. We’d need a strong 0.2%,
not just a weak 0.2%, to really goose the market I think, and that seems a stretch.’

BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To
New Lows Blodget ‘Investors have gotten wildly bullish of late, as the bull market
that started in early 2009 keeps driving stocks to new highs. But the pigs are
about to get slaughtered, says Bob Prechter, president of Elliott Wave
International and editor of the Elliott Wave Theorist. Prechter still thinks the new
bull market is just a cyclical "retracement" of some of the bear market losses that
we've had since the market crashed in 2008. Prechter expected this retracement
to drive stocks 50% above the market lows, but stocks have since soared 30%
higher than than he expected. So when the day of reckoning comes, Prechter
thinks, it will be even more startling. And Prechter still thinks that stocks will
eventually crash to new bear-market lows (read: below 6,800 on the DOW). What
makes Prechter think this day of reckoning may come sooner rather than later?
Sentiment indicators and other technical analysis. Investor bullishness has now
gotten so extreme, Prechter says, that it has exceeded the levels in 2008 before
the market crashed. Investors could still get even more bullish, of course, but
eventually they'll pay for this optimism. And Prechter's not just bearish on
stocks: He thinks oil, silver, and other commodities are absurdly overvalued, too.
The only thing he's bullish on is the dollar. And lest he be dismissed as a perma-
bear, Bob Prechter is quick to add that he hopes there will come a day when he
can come on the show and tell everyone that stocks are finally so crushed and
hated that it's a historic opportunity to buy them. When will that be? Stay
tuned...’ The Case for a Bear Market for Stocks Suttmeier ‘In making a bearish call
on the U.S. stock market, I base it on both fundamental and technical factors. The
fundamentals show that stocks are overvalued and we have had three ValuEngine
Valuation Warnings so far this year. The January warning was ignored by the
market but so far stocks peaked with the warning issued on February 18 and re-
iterated on March 3. During this period we have seen many days where all 16
sectors have been overvalued, with eight to 11 by double-digit percentages.
Today 63.8% of all stocks are overvalued, and all 16 sectors are overvalued, 11 by
double-digit percentages…’

Ellen Bente Oliver ‘Salary of House/Senate...$174,000. Salary of Speaker of

House...$223,500. Salary of Majority/Minority Leaders...$193,400. Average US
Salary...$33,000 to $77,000. Maybe our elected officials should make an average
salary too...It's a time of sacrifice after all...Pass along, post on your own page if
you agree…’

World's richest are almost $1 trillion richer [ And the other 95% trillions poorer. ]

Utilities Are Warning the Correction Is Here Gayed ‘The utilities sector (IDU) may
not be the most fascinating sector of the market to watch, but in many ways can
be one of the most important. Legendary technical analyst Edson Gould, known
for being one of the best market timers of all time, believed that the performance
of utilities was an early indicator for broad market movements. He noted often
times that when utilities performed exceptionally well, within a short period of
time, markets would experience a period of volatility and declining prices…’
Is the Bear Market Back? [ The bear market never left … This has been a
manipulated bubble-bull cycle in this secular bear market based on b*** s***
alone and hence, is an especially great opportunity to sell / take profits while you
can since there's much worse to come! ] Michaud ‘Financial Markets at Critical
Junctures

Michigan passes ‘financial martial law’ bill Politico | Michigan legislators have
approved a bill authorizing state-appointed emergency financial managers to
break union contracts.

Another Ron Paul Critic at the Fed: ‘I Know Some Powerful People’ Robert
Wenzel | Paper money as issued by the Fed can be, I guess, considered a liability.

Currency Meltdown Coming USA Watchdog | A ball of debt is growing. It is on

course to swamp the system.

G-7 Sells Yen in First Joint Intervention in More Than Decade The Group of Seven
will jointly intervene in the foreign exchange market for the first time in more
than a decade after Japan’s currency soared, threatening its recovery from
the March 11 earthquake.

Japanese Politician Suggests Closing Financial Markets For A Week Yesterday’s

speculation that a bank holiday was suggested and may be imposed in
Japan due to unprecedented market swings and tens of trillions in support
from the BOJ has just been confirmed.

Tokyo Exodus Part 3: ATM Shutdowns, Power Outages Put Citizens On Edge,
Gold Hoarded In Evacuation Preparations The resilience of those living in
the Japanese capital has been beyond admirable. After experiencing a
record earthquake, hundreds of aftershocks, a historic tsunami, radioactive
 catastrophy 160 miles away and constant fears a northeasterly wind can
bring in radioactive snow, and now unending rolling blackouts and ATM
service interruptions, one has yet to hear about any mass exodus let alone
coordinated complaining.

How the NY Fed Gifted An Extra $15.7 Million To Wall Street Yesterday As part of
the Federal Reserve’s ongoing QE2 program, nearly each day, the NY Fed
purchases US Treasury securities from a select group of primary dealers in
what is called a permanent open market operation (POMO).

(3-17-11) Dow 11,774 +161 Nasdaq 2,636 +19 S&P 500 1,273 +16 [CLOSE-
OIL $103.75 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.57 (reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $3.93 MID-
GRADE/ $4.05 PREM./ $4.13 DIESEL) / GOLD $1,410 (+24% for year 2009) /
SILVER $34.74 (+47% for year 2009) PLATINUM $1,708 (+56% for year 2009)
Metal News for the Day / DOLLAR= .71 EURO, 81 YEN, .62 POUND
STERLING, ETC. (How low can you go - LOWER)/
[Link] 10 YR NOTE YIELD
3.26% …..… AP Business Highlights ...Yahoo Market
Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies
- Domestic / International This Is a Secular Bear Market and The
End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW
THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING
ACCOMPLISHED 3-11-10 The bull market that never was/were beyond
wall street b.s. when measured in gold Property Values Projected to
Fall 12% in 2010 Jan 31, 2010 THE COMING MARKET CRASH /
CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy
Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy
Is Dying And Is Simply Not Going To Recover 1-7-10 Crash is coming!
‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic /
Financial Data This Depression is just beginning The coming
depression… [Link] The Next Wave of Collapse is
Coming Sooner than you think Sliding Back Into the Great Depression
ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE
YOU CAN SINCE MUCH, MUCH WORSE TO COME!

National / World
Infowars has some of the only Potassium Iodide in the U.S. Infowars | Infowars
has taken action and secured some of the only remaining dose-ready
potassium iodide (KI) in the country.

Alex Jones: Pentagon preparing for Martial Law RT | Is the system itself
collapsing?

Neo-Libs Rejoice As UN Declares War On Libya Paul Joseph Watson | War is evil
unless it’s sprinkled with the magic pixie dust of UN endorsement and
“humanitarian” rhetoric.

U.N. Security Council Passes Libya No-fly Resolution Financial Times | Diplomats
vote 10-0 for military action, with five nations, including Russia, China and
Germany, abstaining.

Preview: Charlotte Iserbyt – The Miseducation of America [Link] | Part

one of exclusive interview, coming in April 2011.

Last remaining potassium iodide available at [Link] Infowars has taken

action and secured some of the only remaining dose-ready potassium iodide
(KI) in the country.

Neo-Libs Rejoice As UN Declares War On Libya Neo-libs everywhere are

rejoicing. Remember – war is evil unless it’s sprinkled with the magic pixie
dust of UN endorsement and “humanitarian” rhetoric, in which case the
dead bodies, the terror, and the screaming children are all worth it. The fact
that Libya is the richest oil nation on the entire African continent is a mere
coincidence. Go back to sleep – basketball is on the TV. Soon you’ll be able
to crack open a 6 pack and enjoy the air strikes like you would a Dwyane
Wade slam dunk.
NY Times Maps Underplaying Extent Of Radiation The radiation plume illustrated
on the map is from the original release over last weekend. A far larger and
more deadly plume of radiation from the explosions and fires earlier this
week will soon follow.

Swedish Government: Radiation To Cover Entire Northern Hemisphere

Suggesting that levels of radiation leaks from the stricken Fukushima plant
are being grossly underreported by Japanese authorities, a Swedish
government agency told Reuters today that not only will the radiation reach
North America, but it will subsequently cover the entire northern
hemisphere.

Pentagon’s Actions Suggest Nuclear Disaster Is Much Worse Than Feared The
Pentagon’s actions regarding the nuclear crisis in Japan reveal that the true
scale of the disaster is being withheld from the public.

Tokyo Passengers Trigger U.S. Airport Detectors, N.Y. Post Says Radiation
detectors at Dallas-Fort Worth and Chicago O’Hare airports were triggered
when passengers from flights that started in Tokyo passed through
customs, the New York Post reported.

Harmless? Chernobyl Radiation Killed Nearly One Million People “No citizen of
any country can be assured that he or she can be protected from radioactive
contamination. One nuclear reactor can pollute half the globe,” they said.
“Chernobyl fallout covers the entire Northern Hemisphere.”

MSNBC LIES About Three Mile Island Health Effects They never mentioned
studies by the Radiation and Public Health Project, including a “new
analysis of health statistics in the region found that death rates for infants,
children, and the elderly soared in the first two years after the Three Mile
Island accident in Dauphin and surrounding counties.”

Western Response to Japan: The real crime against humanity The Anglo-
American multi-trillion dollar global military machine has been defended ad
 nauseum as essential to protecting free humanity and its progress into a
promising future.

Newly Released Images Show Devastated Nuclear Reactors The Tokyo Electric
Power Company has released new images that show the devastated nuclear
reactors at the stricken Fukushima plant, as authorities confirm that a
second reactor containment vessel has been damaged, leading to yet more
deadly radiation being released into the atmosphere.

French claim Japan is hiding full scale of nuclear disaster The French
government accused the Japanese of losing control of the situation and
hiding the full scale of the disaster.

27 Signs That The Nuclear Crisis In Japan Is Much Worse Than Either The
Mainstream Media Or The Japanese Government Have Been Telling Us How
much of a threat is the nuclear crisis in Japan? That question is on the
minds of millions of people around the globe tonight. The Economic
Collapse March 16, 2011

How much of a threat is the nuclear crisis in Japan? That question is on the
minds of millions of people around the globe tonight. Unfortunately, the
Japanese government and the mainstream media have both been doing their
best to downplay this crisis. Even though there have been massive
explosions at the Fukushima Dai-ichi nuclear facility, authorities in Japan
have still been very stingy with information and they keep insisting that the
situation is under control. But the situation is not under control. In fact, it
just seems to get worse with each passing day. Radiation levels are now
incredibly high at the Fukushima Dai-ichi complex and the radiation cloud is
starting to spread. Radiation levels in Tokyo are already 10 times above
normal levels, and there are reports in the international media that some
people have begun to flee the city. It is imperative that the Japanese
government tell the truth about what is going on because this could
potentially affect the health of millions of people. There are over 12 million
people in the city of Tokyo alone. If this nuclear crisis continues to get
worse it could potentially end up killing more Japanese than the tsunami
just did.
Yes, things really are that serious.

We are not just talking about a repeat of Chernobyl.

We are possibly talking about “many Chernobyls”.

It is somewhat understandable that the Japanese government and the

mainstream media do not want to panic the public, but the reality is that
people need the truth about what is going on.

Unfortunately, it is not likely that the Japanese government or the mainstream

media are going to “change their stripes” overnight, so in order to try to get
an idea of what is really going on we need to look at the clues.

Sometimes it is much more important to watch what people are doing rather than
what they are saying.

For example, a significant number of foreign governments are now evacuating

personnel from Tokyo.

Why would they be evacuating if there was no threat?

Posted below are 27 signs that the nuclear crisis in Japan is much worse than
either the mainstream media or the Japanese government have been telling
us. When you take all of these clues and you put them together it really
does paint a frightening picture….

#1 Japanese Prime Minister Naoto Kan is urging all people living within 30
kilometers of the Fukushima Dai-ichi nuclear facility to stay indoors.

#2 Andre-Claude Lacoste, the head of France’s Nuclear Safety Authority, says

that the containment vessel surrounding the No. 2 reactor at Japan’s
Fukushima Dai-ichi nuclear complex is “no longer sealed“.

#3 Radiation levels in Tokyo are already 10 times above normal levels.

#4 Reuters is reporting that some residents of Tokyo are already starting to flee
the city.

#5 Radiation levels in one city north of Tokyo, Utsunomiya, were recently

reported to be 33 times above normal levels.

#6 Radiation levels in the city of Saitama have been reported to be 40 timesabove

normal levels.
#7 According to Japanese Prime Minister Naoto Kan, the “possibility of further
radioactive leakage is heightening.”

#8 The Japanese government is admitting that radiation levels near the

Fukushima Dai-ichi complex are very harmful to human health.

#9 According to the World Nuclear Association, exposure to over 100 millisieverts

of radiation a year can lead to cancer. At this point the level of radiation
being measured right outside the number 4 reactor at the Fukushima Dai-
ichi complex is 400 millisieverts per hour.

#10 A U.S. Navy crew that was assisting in relief efforts was exposed to a month’s
worth of nuclear radiation in just a single hour.

#11 According to the U.S. Navy, low levels of radiation have been detectedat their
bases in Yokosuka and Atsugi.

#12 The USS Ronald Reagan recently detected significant levels of radiation 100
miles off the Japanese coast.

#13 The operator of the Fukushima Dai-ichi complex has pulled out 750 of the 800
workers that were working at the facility.

#14 The French embassy in Tokyo is advising French citizens to leave the city.

#15 The German embassy in Tokyo is advising all German citizens to leave the
country entirely.

#16 German technology company SAP is evacuating their offices in Tokyo.

#17 Austria has announced that it is moving its embassy from Tokyo to Osaka
due to fears about the radiation.

#18 Finland is urging all of their citizens to leave Tokyo.

#19 The Czech military is sending planes to Japan specifically to evacuate the
Czech Philharmonic Orchestra.

#20 Air China is canceling many flights to Tokyo.

#21 The Chinese Embassy has announced that it will be evacuating all Chinese
citizens from the Miyagi, Fukushima, Ibaraki and Iwate prefectures.

#22 Russia is making preparations to evacuate civilians and military unitsfrom

the Kuril Islands.
#23 Physicist Frank von Hippel recently told the New York Times the following
about this disaster: “It’s way past Three Mile Island already”.

#24 The president of France’s nuclear safety authority says that this crisis is now
almost as bad as Chernobyl was….

“It’s clear we are at Level 6, that’s to say we’re at a level in between what
happened at Three Mile Island and Chernobyl.”

#25 There have been reports of extremely high radiation at another nuclear
facility in Japan. It has been reported that at the Onagawa nuclear plant
radiation that is 700 times the normal level was detected at one point.

#26 One anonymous senior nuclear industry executive told The Times Of India
that Japanese power industry managers are “basically in a full-scale panic”
and that “they don’t know what to do”.

#27 It is also being reported that there were over 600,000 spent fuel rodsstored at
the Fukushima Dai-ichi complex. Most of these rods were apparently stored
near the top of the 6 reactor buildings. There have already been major
explosions at three of those buildings. It is now feared that there is now
nothing to prevent many of these spent fuel rods from releasing radiation
into the atmosphere. That is really, really bad news.

So is there a threat that nuclear radiation from Japan could reach the United
States?

Well, actually everyone agrees that radiation could reach the United States. The
controversy is whether or not it will be enough to be harmful to human
health.

The Nuclear Regulatory Commission is admitting that it is “quite possible” that

nuclear fallout from this disaster could reach the United States. In fact,
Nuclear Regulatory Commission spokesman David McIntyre says that there
could already be radiation from Japan over America….

Right now it’s quite possible that there could be some radiation floating over
the United States.

But most government officials in the U.S. are insisting that there is “no threat” to
the health of American citizens from this crisis at this point.

So how would nuclear radiation from Japan get transported to the United States?

Well, if radiation released by a damaged nuclear reactor got up into the jet
stream, the first major land mass that it would encounter would be North
 America. In fact, the jet stream commonly takes air from over Japan directly
over the west coast of the United States. The following video demonstrates
this fact beautifully….

So is there any reason for those of us living in the United States to be

concerned?

According to the Japanese government, the U.S. government and the mainstream
media there is not.

But do you believe them?

The truth is that they seem much more concerned with keeping the public calm
rather than telling the public the truth.

Radiation levels are increasing all over northern and central Japan. People are
starting to leave Tokyo and other major cities in the region. Foreign
governments are evacuating personnel. Fires continue to erupt at the
Fukushima Dai-ichi complex. The authorities in Japan seem to have no idea
how to solve this crisis.

If even one of those damaged nuclear reactors fully melts down it is going to be a
complete and total nightmare. If you live in an area that could potentially be
affected by nuclear radiation from Japan you might want to start figuring out
how you and your family are going to handle this crisis’

U.N. approves ‘all necessary measures,’ including no-fly zone, to protect

Libyans (Washington Post) [ The u.n. has spoken … just not to israel lately
… Hamas says Israeli fighter jets bomb facility in Gaza, killing 2 Palestinians
[ War crimes nation israel keeping america looking bad in the Mideast, when
defacto bankrupt america can least afford it. ] Washington Post - GAZA
CITY, Gaza Strip - Israeli fighter jets pummeled a Hamas security facility in
the Gaza Strip on Wednesday, killing two Palestinian civilians / freedom
fighters and wounding four, officials in the Palesinian coastal ... Two killed
in Israeli air strike on Hamas compound in Gaza Jerusalem Post
Palestinians: Three killed in Israel air strike on Gaza Ha'aretz ] The
resolution, passed 10 to 0 with 5 abstentions, opens the door to air and
naval attacks against the forces of leader Moammar Gaddafi as he vowed to
level the city of Benghazi, the last major rebel stronghold.

VIDEO: EU Naval Forces Fight Piracy off Somali Coast [ Yeah! With all their
nation-bankrupting, self-defeating, wasteful, adventuring, warring for no
 good reason in Afghanistan, etc., I have been at a loss to understand why
they are not blasting the skinnies out of the water, along with bombing the
skinny-places of refuge! ]

Drudgereport: UN AUTHORIZES MILITARY STRIKES ON LIBYA...

HILLARY'S WAR
Strikes Could Come Within Hours...
'ALL NECESSARY MEASURES'...
THE BOOT: Sorties from Italy...
Canada on the march...
GADDAFI: 'WE ARE COMING TONIGHT'...
'THERE WON'T BE ANY MERCY'...
Japan's increasingly frantic efforts at nuke plant...
'Like suicide fighters in a war'...
Mayor of town near nuke: 'They're leaving us to die'...
DESPAIR TURNING TO ANGER...
'We're Very Close Now to the Point of No Return'...
U.S. Officials Alarmed By Japanese Handling of Crisis...
Life Among the Ruins...
AP... BBC... KYODO... NHK... REUTERS...
US, JAPAN SPLIT ON NUKE DANGER
Debt Jumps $72B Same Day House Votes to Cut Spending $6B...
Tiny tim geithner to Congress: More Debt, Please...
OBAMA SETS WEEKEND IN RIO!
Family will take in the sights...
SPRING BREAK: Obama the invisible; Anti-leadership amid world crises …
[ wobama’s presidency is over, he should be impeached / removed from
office ! ] ...
VIDEO: T_rump Says He'll Spend $600 Million on Prez Run… dreamin’,
schemin’, to no avail … even this mobster’s bribes couldn’t put him over the
top … he’s a joke, a lightweight, and a loser! And, from the nation’s
foremost drains / sinkholes, corrupt / mob infested new york / new jersey (he
and his corrupt sister judge maryanne should be in jail – Jerry Springer
would make a more serious candidate, and that also would be a joke; but at
least Springer pioneered that mindless entertainment genre and is
intelligent.)...
RACE TO SAVE CORE...

(Washington Post) [ Comments COMMENTS ARE CLOSED WHILE WE UPGRADE

OUR SYSTEMS ]
Dana Milbank In state legislatures, Tea Partyers take democracy to absurd
lengths. (Washington Post) [ I love to pick on Mr. Milbank … we’re so …
‘opposite’. ‘Louis Brandeis’? As they say on Saturday Night Live, ‘What’s up with
that, what’s up with that’. I concede he was a brilliant jurist (my personal favorite
was Holmes, especially Holmes’ discussion of the law as providing foreseeability
of consequences to actions, ie., threatening to do what one legally can do which
enables the other party to avoid such consequences, etc.. – Boy, did he get that
wrong with pervasively corrupt, defacto bankrupt ‘modern america’ where
meaningfully lawlessness reigns supreme (see, ie., RICO case [
[Link]
[Link] [Link] ] ). Yet
Brandeis’ powers of foresight were sorely lacking [ Upon completion of his first
semester exams he was packing his bags to leave (I think harvard) certain he had
failed out. In fact, he ‘aced’ them all. (I can empathize with that feeling which
unlike anytime after a test I felt after the 3 day bar exam. I felt drained and
‘certain’ I had failed. In fact, I scored so high on the multi-state that my ‘jersey
part’ of the exam became irrelevant (how prescient a circumstance). ]
Laboratory?... I don’t think so … unless you’re talking of that of Dr. Frankenstein
himself.

2chambers: McConnell, McCain draw the line (Washington Post) [ mccain

recently said that if he had been elected president, defacto bankrupt america
would be fighting 3 wars. Talk about a race to the ‘bottom’. Earth to mccain …
that’s why you weren’t elected (mccain’s a loser, from wrestler, to downed pilot,
to songbird pow, to keating 5 man who should have gone to jail, etc.; although
wobama the b (for b*** s***), despite promises to the contrary, has been no better;
viz., maybe 2 and a half wars despite the nation’s defacto bankruptcy. Never trust
a *********** Go ahead, fill it in … whatever comes to mind … don’t feel guilty, his
presidency’s done! Obama Laments He’s Not President Of Communist China
[ Time to relieve wobama the b’ (for b*** s***) of his burden by impeaching /
removing him from office without delay! He may not have been the first black
president (Clinton is generally considered the first black president by blacks and
whites alike, a moniker Clinton accepted and wore proudly – that 18% vote), but
he is certainly the last! Drudgereport: City Lowers Police Testing Standards
Because Not Enough Blacks Passed... Under pressure from Obama
administration... Illinois mayor says Obama still owes city $55,457... Obama to
party with Washington reporters... Golf in the afternoon... ] Weekly Standard |
“Mr. Obama has told people that it would be so much easier to be the president of
China.” Dave’s Daily: ‘…Where is the president? This has been a universal
question raised by both right and left. Obama appeared on ESPN to go over his
NCAA basketball bracket, is hosting a $30K a plate fund raiser in Harlem and
heads this weekend to Rio. The president's disconnect is beyond belief and his
ears have turned to tin…’ Obama Plays While Japan Begs for Help [ ‘Wobama
the b’ (for b*** s***) is a typical ‘***************’ … Go ahead, fill it in … whatever
comes to mind … don’t feel guilty, he’s already a failed president who should be
impeached / removed from office without delay and a total incompetent and fraud.
] Watson/Jones | With the world on fire, the President goes AWOL again … ’
Financialization and Our Increasingly Unstable Economy Roche ‘I finally got
around to seeing the movie Inside Job, the story behind the credit crisis and
winner of the Academy Award for best documentary. It’s very good and I highly
recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The
movie doesn’t place nearly enough blame on homeowners, but all in all it does an
excellent job of showing how Wall Street and government have become overrun
by deregulation and sheer greed. A combination of flawed economic theory and
greed have combined to create the beast that we now call a “functioning”
economy. The worst part of it all is that President Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the policies
that helped get us here in the first place. ]

US says plant's spent fuel rods dry; Japan says no (AP) AP - Nuclear plant
operators trying to avoid complete reactor meltdowns said Thursday that they
were close to completing a new power line that might end Japan's crisis, but
several ominous signs have also emerged: a surge in radiation levels,
unexplained white smoke and spent fuel rods that U.S. officials said could be on
the verge of spewing radioactive material. Lessons from the long tail of
improbable disaster (Washington Post) [ No! I disagree with the implication of the
article! Modern life advantages? What, new fangled frauds? That was the
bottomline to the real estate debacle; that is, the ‘pretend’ was creating an
ongoing plethora of profits derived from literally worthless paper. If not for
financial incentive (from fraud), and certainty of prosecution for the fraud (to date
such has not occurred), this still extant debacle in the trillions would not have
occurred. Moreover, and this is not 20/20 hindsight, I had no idea of the
prevalence of earthquakes in Japan (but was aware of their nuclear energy
commitment) and clearly, conscious decisions for the sake of extra profits were
made regardless of risk. Some (ie., earthquake-prone) nations just have to suck it
up and make do without nuclear (and pay more for fossil fuels, etc., which would
affect margins). The BP disaster was the consequence of a known flaw, even
warned against by personnel close to the debacle (the solution possibly affecting
executive bonuses, yacht, plane, exotic vacation home, etc.). New Orleans? …
well, who’d want to live there anyway outside of the Mardi Gras celebration…just
kidding. All the attention in the world does not change the ‘facts of life’. No, not
those facts of life, but reality. ] The lesson of disasters such as the one in Japan
is that more attention must be paid to extra risks that come with all the
advantages of modern life
A Tragedy of Epic Proportions: Dave's Daily ‘No Mr. Wise Guy today. The world is
facing two crises in Japan and MENA. The nuclear issue in Japan appears out of
control. At the same time, this tragedy is masking what's going in MENA as
Gadhafi takes control and in Bahrain where the weird Sunni/Shiite battles rage.
With the latter, it's like a primitive religious war the west experienced centuries
ago (save Ireland) with Catholics fighting Protestants. Where is the president?
This has been a universal question raised by both right and left. Obama appeared
on ESPN to go over his NCAA basketball bracket, is hosting a $30K a plate fund
raiser in Harlem and heads this weekend to Rio. The president's disconnect is
beyond belief and his ears have turned to tin. Hillary Clinton meanwhile has
announced she won't serve a second term as Secretary of State should Obama be
reelected. Perhaps she'll serve as Vice-President to beef-up Obama's reelection
chances; but, she hasn't distinguished herself in foreign affairs lately. Last night
the BOJ injected many trillions of yen helping markets rebound. With rapidly
changing "current" news this may not occur tonight. Bulls hope for
reconstruction that will help U.S. industries within materials and manufacturing
sectors providing the stuff they need to rebuild. But, that's a longer term positive
for U.S. markets. For now, we need to know how this situation will play out from a
humanitarian and safety view. The yen has hit fresh all-time high with repatriation
paramount. Bonds are still climbing while crude oil rose and precious metals
were up a touch. Other commodities were mixed…’

U.S. home construction drops sharply (Washington Post) [Well, there you go …
just like ‘no-recession b.s. bernanke’ said: green shoots … comin’ up
roses! ] The level of home construction plummeted in February from a
month earlier to its lowest level since April 2009.

Top 3 Reasons Markets Continued to Get Hammered Wall Street Cheat Sheet ‘On
Wednesday March 16, 2011, Markets closed down on Wall Street: DJI -2.04%
SP500 -1.95% Nasdaq -1.89% Gold +0.24 % Oil +1.46% .Japan ( NYSE:EWJ )
continues to spook the world and Saudi Arabia has an escalating issue with
Bahrain. Moody’s ( NYSE:MCO ) also downgraded Portugal’s credit rating again
and PIIGS like Spain ( NYSE:EWP ) got slammed as austerity is becoming the new
normal in Europe.

Today’s markets dropped because:

1) Japan ( NYSE:EWJ ) is about as scary a situation as possible. Fukushima is the
center of the world at this point, and reports on Japan’s wire indicate problems
are not contained at the nuclear power plant. General Electric ( NYSE:GE ) has
been dumped on fears of legal liability for the design and construction of the
facility at issue, and you better believe the Japanese government will look for a
scapegoat (and deep pockets) once the situation stabilizes and the blame game
begins. The next BP ( NYSE:BP )? Possibly. But there is still hope for a
successful rebuild .

2) US producer prices are heating up and housing starts are drastically slowing
down. Ironically, the best thing that could happen to the housing market is a
slowdown in adding new supply. But don’t tell that to Homebuilders ( NYSE:XHB )
who got slammed today . And the last thing producers need is higher input costs
as the economy remains as fragile as a Hollywood ego at the Oscars . Hey, let’s
all focus on the NCAA Men’s Basketball Tournament and everything will seem
fine … for a few days.

3) Apple ( NASDAQ:AAPL ) had its tiara dented. Ready for a complete shocker?
The iPad2 is sold out, yet some Excel jockey over at JMP Securities (who??)
downgraded Apple . On a more important note, tablet computing rival Motorola
( NYSE:MMI ) announced the new Xoom WiFi will compete at Apple’s price point
and run on Google’s ( NASDAQ:GOOG ) Honeycomb OS. All this added up to a
staggering 4.4% one day drop for Wall Street’s darling.

Now that you’re in the know, good luck using logic or reason to predict
tomorrow’s market activity.’

A Snapshot of Global PE Ratios and Dividend Yields Horowitz ‘Below, presented

without comment, an interesting view of some of the major world markets and
their P/E or "cheapness" ratios. Spain's IBEX checks in with the lowest P/E ratio
and highest dividend ratio on a relative basis, while the two countries with the
lowest dividend yield are Japan's Nikkei 225 and Mexico's IPC Index. [chart] ‘

Stock Market Decline Develops Exactly as Expected McCurdy‘The S&P 500

index has declined nearly 5% during the last five sessions, erasing all of the
previous gains for the year.
[chart]

Click to enlarge graphic

Of course, mainstream financial media have attributed much of the recent
weakness to the earthquake and subsequent tsunami in Japan. But market
behavior was telling us to expect a sharp decline long before this natural disaster
occurred.

As we often note, the stock market is a discounting mechanism that sees several
months into the future. It represents the cumulative judgment of all market
participants, reflecting the best fundamental information available along with
investor and trader sentiment. Those who do not understand how the market
functions attempt to explain its behavior via the daily news flow, attributing up
days to positive data or developments and down days to negative information.
However, doing so misses the big picture and ignores basic market dynamics.
Market behavior on any given day only has meaning when viewed in its proper
context.

Prices are influenced by trends and cycles across multiple time frames that range
from decades to days. Secular trends drive market movements for 10 to 20 years
at a time, while cyclical component trends dominate price swings for 2 to 5 years.
You also have intermediate-term weekly moves and short-term daily trends and
cycles. Most importantly, each time frame exhibits relatively independent
behavior. Sometimes all trends are aligned across all time frames, but most of the
time they are not, so they must each be analyzed and properly characterized in
order to develop a comprehensive, accurate understanding of market behavior.

Tragedies such as the Japanese natural disaster do influence market behavior,

but their primary functions are as catalysts, setting in motion processes that were
already likely. In the case of the current market environment, the process in
question was the violent correction of an extremely over-extended rally from
September. From early September until late February, the S&P 500 index
advanced 28% without experiencing a meaningful retracement. Such extreme
moves are always followed by volatile counter-trends, and by early February
market behavior was warning us that the inevitable violent correction was
becoming more likely. Broad market internals began to exhibit weakness as
treasury yields continued to rise and market sentiment held at irrationally bullish
extremes. When the overextended rally finally broke below uptrend support
during the final week in February, market internals such as volume summation
followed suit, strongly suggesting that the correction was about to begin.
Click to enlarge
[chart]
The Japanese disaster then acted as a catalyst that set the process in motion.
The sharp rally from September to February is representative of the current
environment and reflects heightened market volatility that has persisted since the
crash in 2008.
Click to enlarge
[chart]
Again, extreme moves such as these are always followed by violent
countermoves, and careful study of market behavior will indicate when the next
reversal is becoming likely. For example, in February 2009, chart analysis
suggested that historically oversold conditions would soon lead to the best
trading opportunity in a generation, and the catalyst that set the massive rally in
motion was a surprise positive earnings announcement from Citigroup on March
10.
Click to enlarge
[chart]
As expected, the subsequent oversold reaction was equally violent in character,
resulting in the development of an extremely overbought condition in April 2010.
Once again, market behavior warned us when the inevitable correction was
imminent, and the European debt crisis in May 2010 acted as the catalyst that set
the decline in motion.
Click to enlarge
[chart]
Returning to the present, now that the violent correction we have been awaiting is
in progress, market behavior during the next several weeks should provide a
reliable assessment of cyclical bull market health and produce clarity with
respect to long-term direction. The decline from early March has caused the
current short-term cycle to transition to a bearish bias.
Click to enlarge
[chart]
The next Short-Term Cycle Low (STCL) should occur sometime during the next
two weeks, and the character of the subsequent reaction will likely tell us if the
cyclical bull market is simply taking a breather or preparing to terminate.’

Don't Ignore Weak Housing Market and Bank Stress Issues Suttmeier ‘Japan’s
nuclear nightmare will stall global growth, which begins with housing and banking in the
United States. With the world’s third-largest economy slowed to a crawl, the impact will
be felt around the globe. Here in the United States, I worry about the housing market
and the banking system where problems have been kicked down the road since 2008.
The Fed says that the housing market remains depressed! The scars of “The Great
Credit Crunch” could be opened as the economic impact from Japan slows business
activities here in the United States.

The NAHB Housing Market Index Rose by a Point to 17 -- The National Association
of Home Builders Housing Market Index has been 20 or lower since September 2007
after being as high as 72 in June 2005, when I predicted that housing stocks were
extremely overvalued and overbought and long overdue for a bear market. [chart]

In March the HMI inched up to 17 from 16 where 50 is the neutral zone so home
builders have been in a depressed mood since May 2006 when this index first dropped
below 50. Today home builders face the same obstacles talked about in the last several
reports: competition from short sales and foreclosures, potential new home buyers’
inability to sell existing homes, home appraisals falling below the costs of new
construction, and tough lending standards for both home builders and home buyers.

Economies on Main Street, USA depend upon the construction industry, and the
housing market is a major component of this. Community banks are reluctant to lend to
home builders, as they still have $321.6 billion in Construction & Development (C&D)
loans on the books, where collections are problematic.

The NAHB Tells Congress that the Housing Market Needs Access to Credit

The National Association of Home Builders tried to give a positive spin on the housing
market, anticipating an improving job market, but hedge that with the fact that builders
cannot get construction credit from community banks. C&D loans declined 9.2% or
$32.5 billion sequentially in the fourth quarter and down 28.7% year-over-year. This is a
slight acceleration of this component of Commercial Real Estate loans, which is a
natural occurrence as the total is down to $321.6 billion. C&D are down $307.4 billion
since the end of 2007, or 48.9%. Back between the end of 1988 and the end of 1992
this category of Commercial Real Estate Loans declined 54.7%, and “The Great Credit
Crunch” we are in today will likely exceed that percentage.

The NAHB is worried that this contraction in construction lending will force more small
builders out of business resulting in more job losses industry-wide and across the
country. I have been saying that construction jobs are the most significant catalyst for
job growth on Main Street, USA. Keep in mind that housing represents about 15% of
our nation’s GDP. The NAHB told Congress that residential construction jobs declined
by 1.4 million since April 2006.

The NAHB urged Congress to have a solution to the Fannie and Freddie dilemma as an
affordable source of credit for housing, and to preserve the mortgage interest tax
deduction, and the capital gain exclusion. Without these protections home prices are
likely to continue to decline. The NAHB s worried about raising the down payment to
20%, but I agree with that restriction.

The NAHB is way too optimistic forecasting a modest gain in new home sales of 8% to
347,000 units in 2011 with 516,000 units in 2012.

Bank Failure Friday -- Two private banks were closed by the FDIC last Friday, and one
had an extreme overexposure to Commercial Real Estate loans.

• 25 banks failed in 2008

• 140 banks failed in 2009 with a peak of 50 in the third quarter
• 157 banks failed in 2010
• 25 banks have failed year to date in 2011
• 347 banks have failed since the end of 2007
 • I still predict 500 to 800 bank failures in total by the end of 2012 into 2013.

The Number of Underwater Mortgages Rose at the End of 2010 -- According to

CoreLogic approximately 11.1 million households or 23.1% of all mortgages were
underwater in the fourth quarter of 2010. Another 2.4 million have only 5% of less
equity. Underwater mortgages had declined in the prior three quarters because more
homes came off the market because of foreclosures. The total negative equity in the
mortgage market rose to $751 billion at the end of 2010 up from $744 in the third
quarter. The number-one cause of underwater mortgages is lower home values. Home
prices hit there lowest point of the crisis in 11 of 20 cities tracked by Case-Shiller in
December.

Foreclosure Related Notices Decline, but That's Misleading -- Foreclosure filings fell
to a 36-month low in February because lenders delayed activities against homeowners
due to heightened scrutiny over the way banks are handling home repossessions.
Information from RealtyTrac shows foreclosures down 14% in February to 255,101
homes, down 27% year over year.

Lenders repossessed 16% fewer homes in February, down 41% year over year to
64,643 units. Once the procedures are streamlined the pace will pickup as homeowners
in default stay longer living in their homes. Meanwhile the backlog of potential
foreclosure action and repossessions will grow.

The delay of foreclosure actions will likely delay a housing recovery until 2014 into
2015. Meanwhile home prices should continue to slump as around 5 million
homeowners are at least two months behind on their mortgage payments.

Quite often an unexpected event from abroad will divert attention away from key market
factors, which can expose old wounds!

Fed Policy Statement Implies That the US Economy Isn't Out of the Woods

The Federal Reserve says that the economic recovery is on firmer ground with an
overall gradual improvement in the labor market. The key to the fact that Main Street
economy is not out of the woods? Investment in nonresidential structures remains weak
and the housing market continues to be depressed.

The Fed recognizes that commodity prices are putting upward pressure on inflation, but
they say that it's temporary. They recognize the sharp run-up in energy costs caused by
supply concerns, but have blinders on saying that longer-term inflation expectations is
stable with underlying inflation still subdued. This theory will be put to a test with PPI
released Wednesday and CPI on Thursday. The FOMC still believes that Americans do
not need to eat and buy gasoline.

The Fed will continue to expand their balance sheet via the $600 billion QE2
(quantitative easing), which continues through June and they will continue to buy
additional US Treasuries to replace maturing mortgage-backed securities. In addition
they are continuing to keep the federal funds rate at zero to 0.25% for an extended
period which began December 16, 2008.

10-Year Note -- (3.323) This yield declined to 3.203 on a continued flight to quality. The
200-day simple moving average lines up with my monthly risky level at 3.016 and 3.002.
With the rebound in Japanese stocks overnight this yield is up to 3.351 this morning.
[chart]

Comex Gold -- ($1396.9) The 50-day simple moving average was tested at Tuesday’s
low at $1380.2. My annual value level is $1356.5 with my weekly pivot at $1404.1, and
daily, monthly and quarterly pivots at $1420.1, $1437.7 and $1441.7, and semiannual
risky level at $1452.6. [chart]

Nymex Crude Oil -- ($97.50) Tested $96.71 on Tuesday versus my monthly value level
at $96.43. My annual pivots at $99.91 and $101.92 have been strong magnets. My
monthly value level is $96.43 with daily, semiannual and quarterly risky levels at
$102.18, $107.14 and $110.87. [chart]

The Euro -- (1.3991) My quarterly value level is 1.3227 with a daily pivot at 1.3913, and
weekly, semiannual and monthly risky levels at 1.4089, 1.4624 and 1.4637. [chart]

All daily charts for the major equity averages are negative -- trading below 50-day
simple moving averages with declining daily momentum (12x3x3 daily slow stochastic).
There are no oversold measures as yet. Tuesday’s low was 11,696 and Monday’s low
was 11,897.[chart]

The weekly chart for the Dow Industrial Average remains overbought, but will join the
other major averages with momentum (12x3x3 weekly slow stochastic) declining below
8.0 given a close on Friday below 11,856. This will confirm the Friday, February 18 high
at 12,391.29 as a cycle high. My prediction has been a March high below 10,600. [chart]

While we are no longer under a ValuEngine Valuation Warning, stocks remain

overvalued with 53.4% of all stocks overvalued. This measure needs to fall below 35%
to call stocks cheap. Fifteen of 16 sectors remain overvalued, but now only one by
double-digit percentage.

Key Levels for the Major Equity Averages

• The Dow Industrial Average (11,855) -- My annual value level is 11,491 with a
daily pivot at 11,835, and weekly and monthly risky levels at 12,400 and 12,741.

• The S&P 500 (1281.9) -- My quarterly and annual value levels are 1262.5 and
1210.7 with a daily pivot at 1276.3, and weekly and monthly risky levels at
1327.3 and 1381.3. A weekly close below 1284 shifts the weekly chart profile to
negative.
 • The NASDAQ (2667) -- My daily value level is 2646 with weekly, quarterly and
monthly risky levels at 2753, 2853 and 2926. Semiannual and annual value
levels are 2363, 2335 and 2172.

• The NASDAQ 100 (NDX) (2260) -- My daily value level is 2238 with weekly,
quarterly, and monthly risky levels at 2333, 2438 and 2499. Semiannual value
levels are 2006.8 and 1927.6.

• Dow Transports (5020) -- My quarterly value level is 4671 with weekly and daily
pivots at 4995 and 5040 with my annual pivot at 5179.

• The Russell 2000 (791.33) -- My quarterly value level is 765.50 with daily and
annual pivots at 785.84 and 784.16, and a weekly pivot at 805.37, and monthly
risky level at 850.79. Semiannual value levels are 631.62 and 567.74.

• The Philadelphia Semiconductor Index (SOX) (421.79) -- My daily value level

is 404.53 with weekly, monthly and quarterly risky levels at 447.74, 453.89 and
465.93. Semiannual and annual value levels are 296.89, 270.98 and 259.30. ‘

Look at How Producer Prices are Getting More Expensive Wall St Cheat Sheet ‘On
Wednesday March 16, 2011, The Producer Price Index for finished goods
increased 1.6 percent in February, seasonally adjusted, the U.S. Bureau of Labor
Statistics reported today . This rise followed advances of 0.8 percent in January
and 0.9 percent in December, and marks the largest increase in finished goods
prices since a 1.9-percent advance in June 2009.

At the earlier stages of processing, prices received by manufacturers of

intermediate goods moved up 2.0 percent, and the crude goods index climbed 3.4
percent. On an unadjusted basis, prices for finished goods advanced 5.6 percent
for the 12 months ended February 2011, the largest 12-month increase since a
5.9-percent rise in March 2010. (See table A.)

Monthly Changes Breakdown[chart]

Finished Goods (seasonally adjusted)[chart]
Finished Goods (not seasonally adjusted)[chart]
Intermediate Goods (seasonally adjusted)[chart]
Intermediate Goods (not seasonally adjusted)[chart]
Crude Materials (seasonally adjusted)[chart]
Crude Materials (not seasonally adjusted)[chart]’
Uptick in Wholesale Prices, Lower U.S. Home Construction Data Weighing On
Markets Barron’s ‘As Japan’s nuclear crisis widens and several Arab states
contemplate taking a more active role in Libya, stock ETFs are pointing down this
[Link] SPDR S&P 500 ETF (SPY) is slipping slightly in pre-markets
following disappointing reports on housing construction and wholesale prices.
The PowerShares QQQ (QQQQ) is down 0.4%.Overseas, the iShares MSCI EAFE
ETF (EFA) is sliding by 0.5% and the iShares MSCI Japan ETF (EWJ) is down
1.4%.Weighing on investors this morning is a report on U.S. housing starts that
showed that construction activity took the steepest monthly plunge in nearly 27
years in February. Also, U.S. wholesale prices surged 1.6% last month on higher
energy and food prices.’

Marc Faber On The Japanese Disaster, On A 20% Market Correction And On QE18
Marc Faber appeared earlier on CNBC in response to a plunging market, and gave
his latest updated outlook on QE3… and 4, 5, 6, 7 and 8 (not to mention 18). Tyler
Durden Zero Hedge March 15, 2011 ‘Marc Faber appeared earlier on CNBC in
response to a plunging market, and gave his latest updated outlook on QE3… and
4, 5, 6, 7 and 8 (not to mention 18). “We may drop 10 to 15 percent. Then QE 2 will
come, (then) QE 4, QE 5, QE 6, QE 7—whatever you want. The money printer will
continue to print, that I’m sure. .. I meant to say QE 18.”… No fear of that here: Zero
Hedge has been rather vocal in our opinion of the world’s most destructive
central planning buro from day one. We will continue being so, regardless how
low the S&P plummets… Perhaps even to its fair value south of 500.’

Is the Bear Market Back? [ The bear market never left … This has been a
manipulated bubble-bull cycle in this secular bear market based on b*** s***
alone and hence, is an especially great opportunity to sell / take profits while you
can since there's much worse to come! ] Michaud ‘Financial Markets at Critical
Junctures’ (see infra)

U.S. Stocks in Red, Though Markets Cut Early Losses Amid Fed Optimism [ Fed
optimism? You mean ‘fed b*** s*** ‘! Yes, we’re spoon fed ‘fed b*** s*** ‘. The
same ‘no-recession’ b*** s*** that wall street frauds are made of and thrive on.
What do you expect them to say? After all, it’s the fed’s incompetence, complicity
and wall street’s greed, fraud! ] Midnight Trader (see infra)
The sad, hypocritical retirement of Evan Bayh Klein (Washington Post) [ What’s
so sad about it? Maybe only that the entire congress hasn’t stepped down
with him, along with ‘wobama the b’ and the rest of his executive branch
except law enforcement, and that other so-called judicial branch of plushly
accoutered lifetime appointees. After all, someone must bear responsibility
for the pervasively corrupt, defacto bankrupt state of the nation. If not them,
then who. In the figurative (and I mean figurative not literal) sense, we should
all burst out with that familiar refrain from ‘Another one bites the dust’.]

Obama Laments He’s Not President Of Communist China [ Time to relieve

wobama the b’ (for b*** s***) of his burden by impeaching / removing him
from office without delay! He may not have been the first black president
(Clinton is generally considered the first black president by blacks and
whites alike, a moniker Clinton accepted and wore proudly – that 18% vote),
but he is certainly the last! Drudgereport: City Lowers Police Testing
Standards Because Not Enough Blacks Passed... Under pressure from
Obama administration... Illinois mayor says Obama still owes city
$55,457... Obama to party with Washington reporters... Golf in the
afternoon... ] Weekly Standard | “Mr. Obama has told people that it would
be so much easier to be the president of China.” Dave’s Daily: ‘…Where is
the president? This has been a universal question raised by both right and
left. Obama appeared on ESPN to go over his NCAA basketball bracket, is
hosting a $30K a plate fund raiser in Harlem and heads this weekend to Rio.
The president's disconnect is beyond belief and his ears have turned to
tin…’ Obama Plays While Japan Begs for Help [ ‘Wobama the b’ (for b***
s***) is a typical ‘***************’ … Go ahead, fill it in … whatever comes to
mind … don’t feel guilty, he’s already a failed president who should be
impeached / removed from office without delay and a total incompetent and
fraud. ] Paul Joseph Watson & Alex Jones | With the world on fire, the
President goes AWOL again … ’ Financialization and Our Increasingly
Unstable Economy Roche ‘I finally got around to seeing the movie Inside
Job, the story behind the credit crisis and winner of the Academy Award for
best documentary. It’s very good and I highly recommend it to anyone who
hasn’t seen it. It will certainly infuriate you. The movie doesn’t place nearly
enough blame on homeowners, but all in all it does an excellent job of
showing how Wall Street and government have become overrun by
 deregulation and sheer greed. A combination of flawed economic theory and
greed have combined to create the beast that we now call a “functioning”
economy. The worst part of it all is that President Obama, who vowed
change, has done almost nothing to fix any of it and in fact continues most
of the policies that helped get us here in the first place. …’ ‘INSIDE JOB’
Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares
with oscar in hand that not one high level wall street exec has been
prosecuted … despite ‘earning’ billiions from the fraud ), the commentator /
experts recommend getting rid of the corrupt eric holder ( now what do
holder and wobama have in common … is it wall street money ………… is it
a proclivity for jive-talking / b*** s*** ………all of the above, some of the
above ……….. or is it something else …… here’s a hint - UPDATE: MORE
CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO
PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his
former employer of instructing attorneys in the civil rights division to ignore
cases that involve black defendants and white victims ...’ US v. AZ...
Cases against Wall Street lag despite Holder’s vows to target financial fraud
Washington Post | Obama has promised to hold Wall Street accountable for
the meltdown. ) (see this film, I strongly recommend the complete
documentary – the following is a preview/summary)
[Link]

[Here’s an archived version

’Inside Job’ New Documentary Exposes Wall Street Fraud And How Banksters
Continue To Steal Our Money

Web site Link / Path to archived file: [Link]

[45mb ]
[Link] [ 65mb ] ]

] Former general counsel inherited part of a Bernard Madoff account.

Ethics code urged for Supreme Court (Washington Post) [ Sounds like a plan!
Come on! Wake up! After all, what can you expect from two guidos from ‘jersey
(alito and scalia, colloquial – note that I have refrained from using what some
might consider disparaging terms as w*p*, gui***s, or da***s … and let me state
for the record that I truly loved and respected my grandmother who was 100%
Italian/Bari,Italy and as well my grandfather/Lake Como,northern Italy with greek
ancestral roots and I thereby claim standing/right to posit the criticism in light of
my direct experience. ). How ‘bout starting with enforcing laws as to judges, liars,
etc., within the very corrupted american illegal system; and, particularly bribes
which in one form or another are rampant . I don’t know about Thomas ( 3-4-11
Throw Clarence Thomas Off the Bench (The Daily Beast) ) , but I do know about
alito and ‘jersey … :
October 15, 2010 (*see infra)

Steven M. Martinez, Assistant Director In Charge

Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your
computer’s browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to
prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as
filed with the subject court as referenced therein (which files are also included on the
aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as
you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including
treble damages and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of
such assistance given the seriousness and prevalence of said violations of law which have a
corrupting influence on the process, and which corruption is pervasive). A grievance
complaint against Coan was also filed concurrently with the subject action and held in
abeyance pending resolution of the action which was illegally dismissed without any
supporting law and in contravention of the Order of The Honorable Robert N. Chatigny,
Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the
referenced documents as filed. (Owing to the damage to the financial interests of both the
U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims Act probably would apply and I would absent
resolution seek to refer the within to a firm with expertise in that area of the law with
which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office
in New Haven is probably the best and most concise summary of the case RICO Summary
to FBI Under Penalty of Perjury at Their Request (5 pages)
[ [Link]
[Link] ].
The correspondence I received from the Congresswoman by way of email attachment
(apparent but typical problem with my mail) along with my response thereto is included on
the 3 disks as [Link] . With regard to the calls to the FBI’s LA
and New Haven, CT offices: There was one call to the LA office and I was referred to the
Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as indicative
of same (he was transferred from said office within approximately a month of said meeting
and his location was not disclosed to me upon inquiry). The matter was assigned to FBI
Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to
which he registered disbelief and requested I prove it, which I did – he served 12 years in
prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation –
Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of

information including evidence supporting the claims set forth in the RICO VERIFIED
COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,

7. A judgment had been entered in my favor in the case, United States District Court
Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in
excess of $300,000 remains unaccounted for and which could be used for payment to
creditors, Los Angeles, etc..
8. Counsel Robert Sullivan on my behalf documented by way of certification upon
investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false
statement he predicated a retaliatory and spurious contempt proceeding against me
causing substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings.
9. The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant
Coan’s failure to file anything whatsoever by the court’s deadline causing creditors
and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s
Failure to File Page 1 Page 2 ]
10. Defendant Coan had filed an action against me to prevent me from suing him which
necessitated me to fly to Connecticut for a hearing before The Honorable Robert N.
Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s
requested relief as to Coan but precluded my action against Shiff (although there is
no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a
case under Title 11, USC, etc.) . [ transcript in pertinent part -
[Link] ]
11. Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was
assigned the RICO case despite the conflict of interest in light of hundreds of
thousands of dollars of illegal (drug) money being laundered through the Trump
casinos by the RICO defendants, and despite my motion to recuse her which motion
she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met
 personally refused to join or file a separate motion to recuse and not long thereafter
left said office for private practice at Cole, Shotz, et als on retainer with the RICO
defendants as his primary client.
12. Probative and evidentiary documents, affidavits, exhibits, including those turned
over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S.
Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office
in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with the
office, that the file/documents could not be located, and that there was no further
information available concerning contacting him or his location. I thereupon
delivered by hand, copies of said documents to the office of then U.S. Attorney Alito,
addressed to him, with assurance they would go directly to him. In addition to being
inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on
purpose?) since I was suing some mob-connected under RICO and the court (I had
known / previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20
mob defendants (rather than prosecute one or a few to flip them first) who feigning
illness had beds/cots in the courtroom along with their moans during testimony and
had the jury in stitches. As much as I hate the mob, it truly was funny, if not so
tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a
reasonable (but still rather short) time I called to determine the status and was told
that Alito was no longer with the Office of the U.S. Attorney, that he was
(appointed) a federal judge, and that neither the documents nor any file or record of
same could be located. Alito did parley the same / cover-up into quid pro quo direct
lifetime appointment to the Court of Appeals, 3rd circuit, despite the absence of
judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry
as well). This is the same Sam Alito that now sits on the purported highest court in
the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal scenario,
which should be resolved in accordance with the meaningful rules of law apposite
thereto.

Sincerely,

Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
 (213) 622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater non-
performance / worsening by their ‘fix’ so cell phone best for contact).
] Group of law professors' appeal comes after controversies involving travel and
appearances at political events by several justices.

Why your local Hospital could soon shut down (Ad)

[Link] [ The
instant video on the economic / financial collapse from Stansberry and
Associates is so well researched and succinctly presented that I’ve archived
same on my website; also, because the facts and views presented comport with
the facts and views I’ve presented on my site which I believe to be correct. This is
a must-view, must-see that I strongly recommend!
The complete url: [Link]
( 146mb – approx. 1 hr. 17 min. )
[Link] ( 374mb )
Written text of presentation (without pictures / charts)
[Link] ]

(Washington Post) [Wobama says daffy gaddafi’s time is up, got to go. The same
can be said of wobama et als and his fraudulently failed presidency.
Sheen On Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too
gentle in his criticism of wobama (Some might reflexively, defensively
allege drugs (prescription or otherwise) or any number of the varied
personality disorders so prevalent in america … ‘fuzzy, California laid back
thinking’, ‘whatever’… Who knows? ) But, that said, wobama’s far worse
than just a ‘coward in a cheap suit’. Indeed, Wobama’s a total fraud having
been elected under false pretenses; viz., his total, unequivocal, and
unfulfilled b*** s*** (those campaign promises) ! Moreover, there has been
some persuasive documentation questioning wobama’s citizenship /
birthplace placing his eligibility to even hold the office of president in
question. Drudgereport: UPDATE: Huckabee claims Obama grew up in
Kenya... The Obama Nation, by Jerome Corsi Rezko was corrupt, and
supported Obama in many campaigns as well as in Obama buying his
home -- and therefore, according to Corsi, Obama is corrupt
by ...[Link]/Obama_Nation.htm ] Amidst the controversy of
his wild interview on the Alex Jones Show yesterday, actor Charlie Sheen
wasted little time in confronting President Barack Obama on his failure to
answer Sheen’s twenty questions concerning 9/11, calling Obama, “a
coward in a cheap suit.” A Government Shut-down Imperils the Power
of Congress Paul Craig Roberts | Congress could try to protect its loss of
the power of the purse by impeaching Obama. Drudgereport: WOBAMA
'IMPEACHMENT' WARNING... ...to announce exploratory committee 'in 10
 days' Globalist Shill Barack Obama Asks Business Leaders For Job
Creation Ideas Even As He Ships More Of Our Jobs Overseas As Part Of
The New One World Economy The other day, Barack Obama summoned a
group of business and labor leaders to the White House and “challenged”
them to come up with some great ideas for creating more jobs inside the
United States. Public confidence in Obama reaches new low (Washington
Post). Six in 10 Americans lack faith in Obama and hold lower esteem for
members of Congress, according to the latest Washington Post-ABC News
poll. Such stats as this tend to typify scenarios as this where you break
every significant campaign promise that got you elected, from endless war
(ie., Afghanistan, etc.) to not prosecuting the frauds on wall street, and the
growing realization of ‘typical’: Public confidence in Obama reaches new
low (Washington Post) Six in 10 Americans lack faith in Obama and hold
lower esteem for members of Congress, according to the latest
Washington Post-ABC News poll. Such stats as this tend to typify
scenarios as this where you break every significant campaign promise that
got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting
the frauds on wall street, and the growing realization of ‘typical’:

But still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the
world’s detriment. Firms subpoenaed in attempt to regain Fannie, Freddie
losses (Washington Post). But there’s a reason:

The following youtube video is well worth the look and explains how and why the
frauds on wall street have gotten away with their devastating fraud thus far.
The frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE BIAS AT
JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK
PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ...’ US v. AZ... Cases against Wall Street lag
despite Holder’s vows to target financial fraud Washington Post | Obama has
promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ [Link]

v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from
=PL&index=0&playnext=1 – well worth a look. [ The Obama Deception
Number 1 on U.S. Google Trends ]

While boner and barton are indeed jokes / vegetables that bespeak the single-
digit approval rate for congress, obama’s failure to deliver on promises with
as well, endless war spending despite defacto bankruptcy of the nation and
a watered down nothing financial regulation bill for talking points but little
substance, make him as big a joker, along with the dems. This well
 researched / produced video tells the real story :
[Link]
v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from
=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the view.
[ The Obama Deception Number 1 on U.S. Google Trends ]

‘The Obama Deception’ Censored A viral You Tube upload of one of Alex Jones’
most popular feature films ‘The Obama Deception’ has been censored following a
spur of the moment campaign to elevate the movie’s title to the top of the major
internet search engines. In light of this development, I provide an archived site
version which appears to be complete (but will be compared with earlier version
and replaced with same if incomplete)
[Link]

Then there is the well researched, produced, and informative ‘ESOTERIC

AGENDA’ which explains how we’ve gotten to this forlorn point:
[Link] For
the Same Reason I’ve Included Here a Web Site Archived FLV Version of
Esoteric Agenda [Link]

Ellen Bente Oliver ‘Salary of House/Senate...$174,000. Salary of Speaker of

House...$223,500. Salary of Majority/Minority Leaders...$193,400. Average US
Salary...$33,000 to $77,000. Maybe our elected officials should make an average
salary too...It's a time of sacrifice after all...Pass along, post on your own page if
you agree…’

World's richest are almost $1 trillion richer [ And the other 95% trillions poorer. ]

Lessons from the long tail of improbable disaster (Washington Post) [ No! I
disagree with the implication of the article! Modern life advantages? What,
new fangled frauds? That was the bottomline to the real estate debacle; that
is, the ‘pretend’ was creating an ongoing plethora of profits derived from
literally worthless paper. If not for financial incentive (from fraud), and
certainty of prosecution for the fraud (to date such has not occurred), this still
extant debacle in the trillions would not have occurred. Moreover, and this is
 not 20/20 hindsight, I had no idea of the prevalence of earthquakes in Japan
(but was aware of their nuclear energy commitment) and clearly, conscious
decisions for the sake of extra profits were made regardless of risk. Some (ie.,
earthquake-prone) nations just have to suck it up and make do without
nuclear (and pay more for fossil fuels, etc., which would affect margins). The
BP disaster was the consequence of a known flaw, even warned against by
personnel close to the debacle (the solution possibly affecting executive
bonuses, yacht, plane, exotic vacation home, etc.). New Orleans? … well,
who’d want to live there anyway outside of the Mardi Gras celebration…just
kidding. All the attention in the world does not change the ‘facts of life’. No,
not those facts of life, but reality. ] The lesson of disasters such as the one in
Japan is that more attention must be paid to extra risks that come with all the
advantages of modern life

Hidden workforce hinders recovery (Washington Post) [ Come on! Get real!
They’ll never give up that ‘fudge factor’ that gives them cover for their
prevarication and continued wall street churn and earn bubble fraud. ] The
biggest challenge to the nation’s economic recovery is Americans who have
stopped looking for new jobs.

This is the grim economic reality [ [Link] ]. This

manipulated bubble in this secular bear market based on b*** s*** alone is
an especially great opportunity to sell / take profits while you can since
there's much worse to come!

YAHOO [[Link]]: ‘…Data generally disappointed today. First on the list

of releases is a housing starts report that showed a 22.5% drop in February
to an annualized rate of 479,000 units, which is not only considerably less
than the 575,000 units that had been forecasted, on average, by economists
surveyed by [Link], but also the slowest rate in almost two years.
Building permits for February were also discouraging. They fell 8.2% from
the prior month to an annualized rate of 517,000, which is less than the
573,000 that had been broadly expected…’

AP Business Highlights: On Wednesday March 16, 2011, 6:54 pm EDT ‘Higher

prices for food are about to get worse WASHINGTON (AP) -- Americans are
noticing higher prices at the grocery store, and it's about to get worse. Food
prices at the wholesale level rose last month by the most in 36 years…’
Currency Meltdown Coming USA Watchdog | A ball of debt is growing. It is on
course to swamp the system.

US food price rise is steepest in decades London Telegraph | Food prices in

America soared at their fastest rate since the 1970s last month.

The Unbearable Lightness Of TARP Reporting The Daily Bail | Credit markets
were NOT “frozen” during the crisis.

Yen Hits Highest Against Dollar Since 1995 on Radiation Concern The yen
reached its strongest level since 1995 versus the dollar as risk of radiation
leaks from crippled nuclear plants in Japan added to speculation insurers
and investors will redeem overseas assets to pay for damages.

Foreign bankers flee Tokyo as nuclear crisis deepens Foreign bankers are fleeing
Tokyo as Japan’s nuclear crisis worsens, scrambling for commercial and
charter flights out of the country and into other major cities in the region.

Radiation In Ibaraki Rises To 300 Times Normal As Fukushima Evacuated,

DOCOMO To Limit Up To 80% Of Voice Calls In Chiba, Ibaraki, 50% In Tokyo
A choppy futures session has seen some modest profit-taking in line with
Nikkei trading, following news that all TEPKO personnel around Fukushima
are to be evacuated due to abnormally high radiation levels.

Nikkei Surges As BOJ Injects Another ¥3.5 Trillion: Just Add It To The Existing
¥23 Trillion Plunge Protection Tab It’s another day for the BOJ, which more
than anything is hell bent on preventing a rerun of last night’s tumble in the
futures to a 7 handle.

National / World
Fukushima nuclear power plant in Japan — a dirty bomb waiting to go off Mike
Adams | Far worse than a terrorism attack.

NRC Says Spent Fuel Pool at Unit Four Lost Massive Amounts of Water ABC
News | The Japanese quickly challenged statement, but gave few details
saying only that the situation at the holding pool was “stable.”

Governments, Corporations Push Cover-up of Japanese Nuclear Nightmare Kurt

Nimmo | Government secrecy is the rule of the day and the health and
welfare of citizens ranks low.

Obama Plays While Japan Begs for Help Paul Joseph Watson & Alex Jones | With
the world on fire, the President goes AWOL again.

Water in Pool Storing Spent Nuclear Fuel Rods May Be Boiling, Sign for Release
of Radioactivity Washington’s Blog | Damaged fuel rods emit radioactive
substances.

Radiation Contaminated Wind to Blow Toward U.S. Reuters | The wind speed will
get stronger in the afternoon, blowing as fast as at 12 meters (39.4 ft) per second.

Exodus from a nuclear nightmare Daily Mail | Those inside the cars and trucks
were fleeing for their lives, terrified about what might happen next.

Workers abandon Japan nuclear plant as crisis worsens Reuters | Japan’s

nuclear crisis appeared to be spinning out of control on Wednesday.
Fukushima nuke plant situation ‘worsened considerably’ Kyodo News | ”This
accident can no longer be viewed as a level 4 on the International Nuclear and
Radiological Events scale that ranks events from 1 to 7.”

Massive Cover-Up Of Radiation Levels In Fukushima Prefecture A data map of

radiation levels in Japan posted on the TargetMap website has omitted
information from the Fukushima Prefecture where nuclear reactors are
currently melting down.

Nuclear Crisis Live: 48 Hours To Avoid “Chernobyl On Steroids”? The IAEA says
that the temperature of the pool at reactor 4 was 84C on Tuesday morning.
On Wednesday morning, it was 62.7C at reactor 5 and 60C at reactor 6.
Current reports say the pools at both reactors 3 and 4 are boiling. Reactor
4′s pool may even be dry.

Obama Fiddles While Fukushima Burns History tells us that Nero fiddled while
Rome burned, but Barack Obama is providing the famous emperor with
some serious competition when it comes to going AWOL while America and
the world face crises the likes of which haven’t been experienced in
decades.

EPA Increases radiation monitoring In U.S. The EPA plans to work with its federal
partners to deploy additional monitoring capabilities to parts of the western
U.S. and U.S. territories.

Plant workers may undertake “suicide mission” to avert total meltdown “We’re
very close now to the point of no return,” Dr. Michio Kaku, a theoretical
physicist, said. “It’s gotten worse. We’re talking about workers coming into
the reactor perhaps as a suicide mission and we may have to abandon
ship.”

U.S. forces kept 50 miles away from Japan nuke plant U.S. forces in Japan are not
allowed within 50 miles of Japan’s crippled nuclear power plant, the
 Pentagon on Wednesday, explaining measures meant to keep troops safe
during a relief operation.

Alert: Radiation from Stricken Japanese Plant Reaches Alaska? Radiation from
the Fukishima Daiichi nuclear power plant disaster has reached Alaska,
according to the state commissioner of health and social services in that
state. He said the state has detected a “very small increase in radiation
levels – well below levels that would be a health concern.”

Newly Released Images Show Devastated Nuclear Reactors The Tokyo Electric
Power Company has released new images that show the devastated nuclear
reactors at the stricken Fukushima plant, as authorities confirm that a
second reactor containment vessel has been damaged, leading to yet more
deadly radiation being released into the atmosphere.

French claim Japan is hiding full scale of nuclear disaster The French
government accused the Japanese of losing control of the situation and
hiding the full scale of the disaster.

27 Signs That The Nuclear Crisis In Japan Is Much Worse Than Either The
Mainstream Media Or The Japanese Government Have Been Telling Us How
much of a threat is the nuclear crisis in Japan? That question is on the
minds of millions of people around the globe tonight. The Economic
Collapse March 16, 2011

LATEST: Japan Now Using Helicopters to Dump Water on Smoking Reactors...

(Washington Post) [ Comments COMMENTS ARE CLOSED WHILE WE UPGRADE

OUR SYSTEMS ]
Lessons from the long tail of improbable disaster (Washington Post) [ No! I
disagree with the implication of the article! Modern life advantages? What,
new fangled frauds? That was the bottomline to the real estate debacle; that
is, the ‘pretend’ was creating an ongoing plethora of profits derived from
literally worthless paper. If not for financial incentive (from fraud), and
certainty of prosecution for the fraud (to date such has not occurred), this
still extant debacle in the trillions would not have occurred. Moreover, and
this is not 20/20 hindsight, I had no idea of the prevalence of earthquakes in
Japan (but was aware of their nuclear energy commitment) and clearly,
conscious decisions for the sake of extra profits were made regardless of
risk. Some (ie., earthquake-prone) nations just have to suck it up and make
do without nuclear (and pay more for fossil fuels, etc., which would affect
margins). The BP disaster was the consequence of a known flaw, even
warned against by personnel close to the debacle (the solution possibly
affecting executive bonuses, yacht, plane, exotic vacation home, etc.). New
Orleans? … well, who’d want to live there anyway outside of the Mardi Gras
celebration…just kidding. All the attention in the world does not change the
‘facts of life’. No, not those facts of life, but reality. ] The lesson of disasters
such as the one in Japan is that more attention must be paid to extra risks
that come with all the advantages of modern life

Marc Faber On The Japanese Disaster, On A 20% Market Correction And On QE18
Marc Faber appeared earlier on CNBC in response to a plunging market, and gave
his latest updated outlook on QE3… and 4, 5, 6, 7 and 8 (not to mention 18). Tyler
Durden Zero Hedge March 15, 2011 ‘Marc Faber appeared earlier on CNBC in
response to a plunging market, and gave his latest updated outlook on QE3… and
4, 5, 6, 7 and 8 (not to mention 18). “We may drop 10 to 15 percent. Then QE 2 will
come, (then) QE 4, QE 5, QE 6, QE 7—whatever you want. The money printer will
continue to print, that I’m sure. .. I meant to say QE 18.” …

Is the Bear Market Back? [ The bear market never left … This has been a
manipulated bubble-bull cycle in this secular bear market based on b*** s***
alone and hence, is an especially great opportunity to sell / take profits while you
can since there's much worse to come! ] Michaud ‘Financial Markets at Critical
Junctures’ (see infra)

U.S. Stocks in Red, Though Markets Cut Early Losses Amid Fed Optimism [ Fed
optimism? You mean ‘fed b*** s*** ‘! Yes, we’re spoon fed ‘fed b*** s*** ‘. The
same ‘no-recession’ b*** s*** that wall street frauds are made of and thrive on.
What do you expect them to say? After all, it’s the fed’s incompetence, complicity
and wall street’s greed, fraud! ] Midnight Trader (see infra)

The sad, hypocritical retirement of Evan Bayh Klein (Washington Post) [ What’s
so sad about it? Maybe only that the entire congress hasn’t stepped down
with him, along with ‘wobama the b’ and the rest of his executive branch
except law enforcement, and that other so-called judicial branch of plushly
accoutered lifetime appointees. After all, someone must bear responsibility
for the pervasively corrupt, defacto bankrupt state of the nation. If not them,
then who. In the figurative (and I mean figurative not literal) sense, we should
all burst out with that familiar refrain from ‘Another one bites the dust’.]

Obama Laments He’s Not President Of Communist China [ Time to relieve

wobama the b’ (for b*** s***) of his burden by impeaching / removing him
from office without delay! He may not have been the first black president
(Clinton is generally considered the first black president by blacks and
whites alike, a moniker Clinton accepted and wore proudly – that 18% vote),
but he is certainly the last! Drudgereport: City Lowers Police Testing
Standards Because Not Enough Blacks Passed... Under pressure from
Obama administration... Illinois mayor says Obama still owes city
$55,457... Obama to party with Washington reporters... Golf in the
afternoon... ] Weekly Standard | “Mr. Obama has told people that it would be
so much easier to be the president of China.”

Ellen Bente Oliver ‘Salary of House/Senate...$174,000. Salary of Speaker of

House...$223,500. Salary of Majority/Minority Leaders...$193,400. Average US
Salary...$33,000 to $77,000. Maybe our elected officials should make an average
salary too...It's a time of sacrifice after all...Pass along, post on your own page if
you agree…’

World's richest are almost $1 trillion richer [ And the other 95% trillions poorer. ]

Lessons from the long tail of improbable disaster (Washington Post) [ No! I
disagree with the implication of the article! Modern life advantages? What,
new fangled frauds? That was the bottomline to the real estate debacle; that
is, the ‘pretend’ was creating an ongoing plethora of profits derived from
literally worthless paper. If not for financial incentive (from fraud), and
certainty of prosecution for the fraud (to date such has not occurred), this still
extant debacle in the trillions would not have occurred. Moreover, and this is
not 20/20 hindsight, I had no idea of the prevalence of earthquakes in Japan
(but was aware of their nuclear energy commitment) and clearly, conscious
decisions for the sake of extra profits were made regardless of risk. Some (ie.,
earthquake-prone) nations just have to suck it up and make do without
nuclear (and pay more for fossil fuels, etc., which would affect margins). The
BP disaster was the consequence of a known flaw, even warned against by
personnel close to the debacle (the solution possibly affecting executive
bonuses, yacht, plane, exotic vacation home, etc.). New Orleans? … well,
who’d want to live there anyway outside of the Mardi Gras celebration…just
kidding. All the attention in the world does not change the ‘facts of life’. No,
not those facts of life, but reality. ] The lesson of disasters such as the one in
Japan is that more attention must be paid to extra risks that come with all the
advantages of modern life

Hidden workforce hinders recovery (Washington Post) [ Come on! Get real!
They’ll never give up that ‘fudge factor’ that gives them cover for their
prevarication and continued wall street churn and earn bubble fraud. ] The
biggest challenge to the nation’s economic recovery is Americans who have
stopped looking for new jobs.
This is the grim economic reality [ [Link] ]. This
manipulated bubble in this secular bear market based on b*** s*** alone is
an especially great opportunity to sell / take profits while you can since
there's much worse to come!

Marc Faber On The Japanese Disaster, On A 20% Market Correction And On QE18
Marc Faber appeared earlier on CNBC in response to a plunging market, and gave
his latest updated outlook on QE3… and 4, 5, 6, 7 and 8 (not to mention 18). Tyler
Durden Zero Hedge March 15, 2011 ‘Marc Faber appeared earlier on CNBC in
response to a plunging market, and gave his latest updated outlook on QE3… and
4, 5, 6, 7 and 8 (not to mention 18). “We may drop 10 to 15 percent. .. Faber was
modestly constructive on the Japanese selloff, which at one point hit 18% down
in overnight futures trading: “This huge selloff is an investment opportunity in
Japanese equities, but if a meltdown occurs then all bets are off.” As usual, there
is no love loss between Faber and the Chairsatan (recall that today’s Empire
Manufacturing survey confirmed margins continue to be crushed due to surging
input costs): “I think Mr. Bernanke doesn’t know much about the global economy
but he probably watches the S&P every day.” And on Fed criticism: “”Until very
recently the Feds have had very few critiques, very few people criticized the Fed’s
policies under Mr. Greenspan and Mr. Bernanke. Over the last few months, a lot
of critical comments have come up about the Fed and its money-printing habit.
The S&P drops 20 percent (and) all the critics will be silent and they will all applaud new
money-printing.” No fear of that here: Zero Hedge has been rather vocal in our
opinion of the world’s most destructive central planning buro from day one. We
will continue being so, regardless how low the S&P plummets… Perhaps even to
its fair value south of 500.’

Poll: Support for Afghan war waning (Washington Post) [ Waning? When have
these nation-bankrupting, perpetual war policies been other than ‘waning’, except
among the zionists, neocons, war criminals, military industrial complex, war
profiteers, etc.. It was opposition to these perpetual war policies that got
‘wobama the b’ (for b*** s***) elected, only to be revealed for the blatant liar / fraud
that he truly is. ]
This is the grim economic reality [Link] . This
manipulated bubble in this secular bear market based on b*** s*** alone is
an especially great opportunity to sell / take profits while you can since
there's much worse to come!

Ellen Bente Oliver ‘Salary of House/Senate...$174,000. Salary of Speaker of

House...$223,500. Salary of Majority/Minority Leaders...$193,400. Average US
Salary...$33,000 to $77,000. Maybe our elected officials should make an average
salary too...It's a time of sacrifice after all...Pass along, post on your own page if
you agree…’

World's richest are almost $1 trillion richer [ And the other 95% trillions poorer. ]

Saudi troops intervene in Bahrain (Washington Post) [ This most assuredly is

exactly that; viz., a ‘declaration of war’. And, as importantly, the militant /
transgressor is hardly a righteous player but rather a self-interested,
totalitarian, family plutocracy whose actions cannot be supported by any
criteria heretofore promulgated precluding same. Saudi police open fire at
protest (Washington Post) [ Time to revoke the saudi pass to do whatever
please owing to their preposterous claim to all the oil wealth of the entire
Saudi nation. 16 miles away, Saudi Arabia's watchful eye looms over
Bahrain unrest (Washington Post) [ I’m sure they are… with a microscope at
that. Saudis Worried Protests Will Hit Home - saudi arabia; talk about do
nothing hypocrites. How does one family claim ownership of all the oil
reserves of a sovereign nation; I suspect only when foreign corporations
say so For the sake of the saudi Arabian people, more than just protests
should come to fruition! ] AFP | Saudi royal warns Arab world uprisings
could cause harm unless they reform. Bahrain authorities launch surprise
attack on protesters [There’s the america and saudi Arabia effect; far less
than democratic and far more deadly in the mideast among other places; talk
about hypocrites. How does one family claim ownership of all the oil
reserves of a sovereign nation as the saudis; time for the saudis to go the
way of dictator Mubarak and take the war criminal americans with them. ]
Los Angeles Times Tear gas canisters bombard sleeping protesters in
Manama's Pearl Square. At least two men are reported killed Video:
Bahrain protesters look to emulate Egypt revolt euronews Riot Police
 Attack Bahrain Protesters Voice of America ‘Saudi Arabia sending troops to
Bahrain’ Saudi Arabia is sending troops to Bahrain in a move to crack down
on pro-democracy protesters who took to the streets in the capital Manama,
a political analyst says. [SAUDIS TOLD OBAMA 'NOT TO HUMILIATE
MUBARAK'] Opposition calls move to shore up monarchy and quell protests
a “declaration of war.”

Store shelves empty even outside disaster zone as panic buying grips Japan
(Washington Post) [ I think the term ‘panic-buying’ with its connotation of
‘overreaction’ is a misnomer and misapplied to this unprecedented catastrophe. I
further believe that the magnitude of the fallout, literally and figuratively,
economically and otherwise, cannot be overstated in being far more dire in
negatively impacting already dour global economic prospects. ] TOKYO - Canned
goods, batteries, bread and bottled water have vanished from store shelves and
long lines of cars circle gas stations, as Japan grapples with a new risk set off by
last week's earthquake, tsunami and ensuing nuclear crisis: panic-buying.

Controversey Over Bonuses (Washington Post) : I think an appropriate bonus for

anyone on capital hill is an all-expenses-paid trip to ………… JAIL! Fed meets as
risks widen; policymakers aim to guard against inflation while fostering growth
(Washington Post) [ Come on! Let’s not kid each other! The fed’s failed on both
counts, continuing the policies of failure ushered in by the senile greenspun…
This is the grim economic reality [Link] . This
manipulated bubble in this secular bear market based on b*** s*** alone is an
especially great opportunity to sell / take profits while you can since there's much
worse to come! … Who, Besides Ben Bernanke, Wants to Buy (u.s.) Bonds?
Well, PIMCO just voted with their feet (they’re out of them) … Japansunami will
preclude same (note: despite the dire implications for defacto bankrupt america
owing to their costly reconstruction preoccupation … market suckers’ rally into
the close and off the lows to keep investors suckered … you can do such things,
especially into the close, with those computerized high frequency trade programs
which are great for generating commissions from the old ‘in-out, in-out’, and then
some … these days like last crash / crisis are made for such frauds.) … don’t go
looking to china to take more baths, especially with that recent trade deficit of
theirs. The answer is no-one! And, one can begin to see the fed’s reluctance to
alow proper scrutiny of their books ( technically ‘insolvent’ but printing ever more
worthless paper); beyond their complicity in the massive wall street frauds
cashed out with their help, there’s the worthless ‘paper on paper’ debacle just
around the corner. ] WASHINGTON - The Federal Reserve meets Tuesday at a
time of widening economic risks: higher oil and food prices; unemployment near
9 percent; crises in the Middle East and Japan.

Operators struggle to stabilize nuclear plants Attempts to cool Fukushima

Daiichi reactors have failed (Washington Post) [ ‘China Syndrome’ … now
being third after China, economically speaking, is the least of Japan’s
worries. While never really giving it much thought, though seemingly 20/20
hindsightish (it’s really not), I always assumed now admittedly
unrealistically, that nuclear plants were built in nonearthquake-prone-zones.
Clearly, that’s not the case in Japan and I all but wonder where else. ] Some
170,000 evacuated, 160 possibly exposed; other facility declares state of
emergency.

Monday's Correction: Now That's a Black Swan Tradermark ‘The seemingly

widespread issues with nuclear plants in Japan are certainly not something one
typically has to deal with in the market. Generally you expect media to overplay
things, so after the quake Friday, it has been a surprise to see the nuclear
situation getting seemingly progressively worse as each day passes, so we
definitely have this affecting sentiment. Japan fell over 6% overnight, and U.S.
markets are at fresh lows as this mini 'black swan' overwhelms the normal
Monday morning garbage. [chart] I said Friday it would actually be in the bears'
interest for a rally to work off some of the oversold condition, and then we'd (in a
normal market) see another leg back down. Certainly due to the news, we did not
get more than a 1 day bounce - but this is how sell-offs usually occur. While still
prone to news which can herk and jerk us around, this market definitely now
seems to be in correction mode with the S&P 500 quickly fading back the 50 day.
One could make bets against the index with the 50 day as your ceiling. Usually a
real correction begins with everyone thankful there is a "buying opportunity" but
ends when people feel actual consternation. Right now, almost everyone is just
thankful they have a chance to get in, hence I'd think there is more downside
ahead from a sentiment standpoint.’
Who, Besides Ben Bernanke, Wants to Buy (u.s.) Bonds? [ Well, PIMCO just voted
with their feet (they’re out of them) … Japansunami will preclude same
(note: despite the dire implications for defacto bankrupt america owing to
their costly reconstruction preoccupation … market suckers’ rally into the
close and off the lows to keep investors suckered … you can do such
things, especially into the close, with those computerized high frequency
trade programs which are great for generating commissions from the old ‘in-
out, in-out’, and then some … these days like last crash / crisis are made for
such frauds.) … don’t go looking to china to take more baths, especially with
that recent trade deficit of theirs. The answer is no-one! And, one can begin
to see the fed’s reluctance to alow proper scrutiny of their books
( technically ‘insolvent’ but printing ever more worthless paper); beyond
their complicity in the massive wall street frauds cashed out with their help,
there’s the worthless ‘paper on paper’ debacle just around the corner.]

Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global
stock markets, including China, Brazil, India and Hong Kong, have been in fairly
significant corrections since November, down between 12% and 17%. Their major
concerns have been rising inflation and the resulting monetary tightening by their
central banks to combat the inflationary pressures...So was this week’s stumble
the beginning of a more serious correction? The events and reports this week did
provide more evidence that the stock market may be ahead of reality regarding
prospects for the economy, and therefore corporate earnings, going forward,
which should at least limit the market’s upside potential. Limited upside potential
equals more downside risk? It might be wise to lighten up some into strength that
may develop over the next few days during the ‘monthly strength period.’

BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To
New Lows Blodget ‘Investors have gotten wildly bullish of late, as the bull market
that started in early 2009 keeps driving stocks to new highs. But the pigs are
about to get slaughtered, says Bob Prechter, president of Elliott Wave
International and editor of the Elliott Wave Theorist. Prechter still thinks the new
bull market is just a cyclical "retracement" of some of the bear market losses that
we've had since the market crashed in 2008. Prechter expected this retracement
to drive stocks 50% above the market lows, but stocks have since soared 30%
higher than than he expected. So when the day of reckoning comes, Prechter
thinks, it will be even more startling. And Prechter still thinks that stocks will
eventually crash to new bear-market lows (read: below 6,800 on the DOW). What
makes Prechter think this day of reckoning may come sooner rather than later?
Sentiment indicators and other technical analysis. Investor bullishness has now
gotten so extreme, Prechter says, that it has exceeded the levels in 2008 before
the market crashed. Investors could still get even more bullish, of course, but
eventually they'll pay for this optimism. And Prechter's not just bearish on
stocks: He thinks oil, silver, and other commodities are absurdly overvalued, too.
The only thing he's bullish on is the dollar. And lest he be dismissed as a perma-
bear, Bob Prechter is quick to add that he hopes there will come a day when he
can come on the show and tell everyone that stocks are finally so crushed and
hated that it's a historic opportunity to buy them. When will that be? Stay
tuned...’ The Case for a Bear Market for Stocks Suttmeier ‘In making a bearish call
on the U.S. stock market, I base it on both fundamental and technical factors. The
fundamentals show that stocks are overvalued and we have had three ValuEngine
Valuation Warnings so far this year. The January warning was ignored by the
market but so far stocks peaked with the warning issued on February 18 and re-
iterated on March 3. During this period we have seen many days where all 16
sectors have been overvalued, with eight to 11 by double-digit percentages.
Today 63.8% of all stocks are overvalued, and all 16 sectors are overvalued, 11 by
double-digit percentages…’

Utilities Are Warning the Correction Is Here Gayed ‘The utilities sector (IDU) may
not be the most fascinating sector of the market to watch, but in many ways can
be one of the most important. Legendary technical analyst Edson Gould, known
for being one of the best market timers of all time, believed that the performance
of utilities was an early indicator for broad market movements. He noted often
times that when utilities performed exceptionally well, within a short period of
time, markets would experience a period of volatility and declining prices…’

Is the Bear Market Back? [ The bear market never left … This has been a
manipulated bubble-bull cycle in this secular bear market based on b*** s***
alone and hence, is an especially great opportunity to sell / take profits while you
can since there's much worse to come! ] Michaud ‘Financial Markets at Critical
Junctures

The markets technically are at critical junctures right now. Stock prices are at the point
of very possibly getting squeezed to an upside breakout as some have forecasted, and
to a downside breakdown as some others, including me, have forecasted (not to
mention what the market is showing currently). I don’t see fundamental, technical or
sentiment information supporting higher stock prices right now; rather, technical
fundamental analysis -- and even more importantly, sentiment indicators -- are showing
that the market is heading lower before heading higher again.

I would also suggest that the major index support levels I’ve listed below may not hold
either, with more downside from these levels longer-term. Below are more reasons to
be at least cautious and/or short-selling right now.

March 14, 2011 Major Index Price Support Forecasts

DJIA – 11,839.93 to 11,485.37

S&P 500 – 1,227.95 to 1,156.06

Nasdaq – 2,557.06 to 2,382.12

Is the Bear Market Back? Reasons to be Cautious

Oil and Stock Prices

Oil prices fell on Thursday and Friday, as did stocks. Lower oil prices help global
growth, and higher oil prices slow it down. Seems to me the oil market is saying if global
growth slows down due to high oil prices (or any other number of economic problems), it
won’t support oil prices at these levels for very long. In my opinion, I don’t think global
growth can handle oil at prices above $100 plus for very long; if so, oil demand
destruction will set in eventually, causing lower global growth, and eventually lower oil
prices to match up with that growth. Deflation first, inflation later -- as I’ve always said.

Global Broad Market Sell-Off

The sell-off last week was a global broad market sell-off. The global markets have been
on an uptrend for the last two years. From my perspective, it’s been a bear market rally
from the October 8, 2007 market top to the March 2, 2009 low, especially in the U.S.
and Europe. Asia and the other emerging markets are now almost in lockstep with the
developed markets, showing that what affects the major countries of the world affects
the rest of the emerging growing world too.

Even the higher growth rates of the emerging markets don’t necessarily mean higher
stock prices in those markets. I’ve yet to see different markets decouple for a sustained
period of time. They always seem to follow the broad global markets in the long term, no
matter what their good and bad news is.

European Union Sovereign Debt Problems Still There

Europe financial skeletons in the closet are making noise again, with Moody’s (MCO)
Spain debt downgrade and the entire ECB sovereign debt problems re-awakening with
the recent news. It seems the financial markets forgot about this very serious debt issue
unfolding, and it's not over with yet in Europe. I suggest the same is coming for the U.S.
eventually as well. It’s going to take years to clean up the sovereign debt mess, with
some of those countries possibly ending up in default.

China’s Surprise Jump in Trade Deficit

China’s increasing trade deficit is another worry for the global economy. China had an
unexpected $7.3 billion trade deficit report last week. China continues trying to slow
down its economic growth. A friend of mine in China who’s not a financial analyst says
it’s only a matter of time before the China real estate market in the metro areas declines
much more. China real estate prices and rent in China's cities are “crazy” in relation to
earnings, he says, and if there is a China and/or global slowdown, he sees China real
estate prices and rent heading much lower.

If this happens, it could put a big squeeze on the Chinese government, the Chinese
banks that hold the debt, and the economy as a whole. Famous short-seller Jim Chanos
might just get his wish of a bigger China selloff. I don’t like the idea of short-selling
China myself, but I wouldn’t be buying just yet either.

2009-10 Stock Price Rebound: Too Far Too Fast

The rebound in stock prices over the last two years has been too far, too fast compared
to the actual economic growth in the same time period -- which is still the same as it
was three years ago. With the severe sell-off that the market saw during 2007-08, it’s
normal to have a rebound back to test the sell-off breaks which are now major
resistance levels. The market is at those major resistance levels now. Because of this, I
see at least near-term downside pressure on stock prices, and longer-term price
downside if the bigger picture long-term fundamental issues don’t get worked out fast
enough to support sustainable long-term economic growth.

Priced for Perfection?

The markets are showing more high-risk low-reward conditions now from my technical
analysis. The market is showing no margin of safety in case the bulls are fundamentally
wrong, which I think they are. The U.S. market seems to be priced for perfection, with
the bears in hiding after this two-year bull run in the markets. I remind all the bulls that
buying into a breakout after an already extended bull run can easily end up in a fake-out
break-out, trapping new long positions. I think professional money managers know this
well, suggesting more selling is to come. Retail investors take note and use caution
taking on any new "buy long" positions here.

Over-Valued Market Valuation Now?

Market over-valuation is here with the S&P500 dividend yield below 2%, and cyclically-
adjusted earnings at 24 times compared to the 16 times historical average. I suggest
looking at earnings estimate revisions from Zacks Investment research for the best
individual stock opportunities in the markets right now. Most stocks follow the broad
market, but a select few buck the broad market. Zacks Ranks Earnings Revisions can
help you to select stock by stock picks.

Analysts' earnings estimate revisions can go up and down with the psychology of the
time, so your due diligence is crucial at this time. With the market prices up these last
two years, some analysts have been increasing their company earnings estimates. The
reality is that earnings estimates and their revisions can skew the analysis of any
company with a false sense of future price performance confidence. Buying in on
positive earnings estimate revisions and or real earning report increases is not
necessarily a guarantee of increasing stock prices, so be careful.

Amateurs Want To Be Right and Professionals Want To Make Money

The retail public has been buying more stock this last year, which is another possible
sell indicator. History has shown in the past that the public gets in and out of stocks at
the wrong times, buying near the tops and selling near the bottoms.

Here’s the difference between an amateur armchair retail investor trader and a
professional one: Amateurs want to be proven right most of the time. They will take
huge drawdowns in an attempt to prove themselves right on a stock buy. Once they’ve
taken more drawdown than they can handle financially and mentally, usually 50% or
more, they throw in the towel and admit defeat.

Professionals, on the other hand, understand losses are a part of the game, and have a
system to deal with increasing losses. It’s called stop-loss. Depending on the stock, and
its volatility, the stop-loss amount to admit defeat and save your investment trading
account is 8% loss per stock from the purchase price, even if it’s a blue-chip. Stop-loss
is a tool to effectively manage money in the markets. Professionals use stop-loss, and
retail investors need to use it more if they want to save their accounts.

Record Insider Selling Lately

Insider selling during the fourth quarter 2010 hit multi-year highs. Since then, insider
selling has stayed strong. Insider selling or buying is not a standalone surefire way of
knowing where the price of a stock is going, but there’s no one who better knows about
a company’s future earnings prospects than its board of directors. If they are selling,
and especially selling in big blocks, you should be paying attention, and very possibly
selling too. You can always buy back the stock at any time.

Fundamental and Technical Analysis? Review the Current Market Sentiment Even
More
Notice that what I’m citing is not just all about fundamental or technical analysis, but
also involves a very important aspect of the markets: Sentiment or market psychology.

Money managers are saying it’s all "bull bull bull" again. Well, of course. If they don’t,
they might be out of a job if the redemptions empty the mutual fund they're managing.
With everyone a bull again, that’s one indicator to possibly be ready to move to the
other side -- and fast -- in case the market tips too heavily to one side for too long.
When everyone is leaning to one side for a sustained period of time, it might be prudent
and very profitable for you to start reviewing the option of moving to the other side
before everyone else does.

If you are fortunate to see a reversal opportunity, and take a reversal position, and then
the reversal moves in your direction, it can be exponentially profitable with the reward-
risk ratio very large in your favor, meaning the stop-loss to the "take profit" areas of the
trade are extremely favorable. Reward-risk ratios of 3:1-plus are great.

In a market like this right now, some of the reward-risk ratios to the short-sell side may
be approaching 5:1 to 15:1. Remember, successful investing and trading is about
knowing what price you’re entering at, your stop-loss price you will exit at (with a small
loss in case the position goes against you), and your take profit target areas to book a
profit. This is total trade entry and trade management to be successful long-term in
investing and trading the markets.

Investing and trading without a system is a plan for failure. If you want to succeed in the
markets long-term, learn and manage your investing trading systems on a regular
consistent basis.’

Buying Power Wasted?: Dave's Daily ‘It's probably not a good time for humor. I
just wonder what was behind the immediate bounce higher off the opening gap
lower Tuesday. Certainly it wasn't from any shred of good news. Oh wait, oil
prices dropped and many believe the Fed will print money forever while keeping
interest rates low. Further, markets were sharply short-term oversold right from
the opening bell. Okay, I get it now. Still, you must wonder if buying power was
wasted. Rumors dominate markets. One asserts the Japanese will shutter
markets for the week because of margin calls. EWJ (iShares Japan ETF) actually
closed green today. Why? Perhaps if the markets closed some can work some
arbitrage just as done when Egypt markets were closed. The outcome of the
nuclear mess in Japan remains influx with more earthquakes and radiation
spreading. We are also witnessing the collapse of western and U.S. diplomacy.
Gaddafi is going to win. He was a terrorist but then became a friend of sorts.
When the violence was at its peak, western powers told him to leave. He didn't
and now he looks to win and we look stupid since, what do we do now? Send
Hillary over to have a nice chat with him? Next, Saudi Arabia invades Bahrain and
the U.S. was uninformed. What's up with that? There was some economic news
from the Empire Manufacturing report which was positive only if you didn't look
at the inflationary prices paid component. The Fed also weighed-in with their
interest rate report which came in as expected. The dollar was slightly lower,
while commodities overall were sharply lower as investors fled risk and moved to
the sidelines or bonds. Suffice it to say, this is a tough market to navigate.
Volume was the heaviest we've seen in a long time and opening trades may have
been a wash-out but it's too early to say. Breadth per the WSJ was decidedly
negative. ‘

Damage Assessment - How Low can Stocks Go? Maierhofer ‘Simon Maierhofer,
On Tuesday March 15, 2011, 6:08 pm EDT

Before we talk about how bad things could get and the key support level that may
make the difference between correction and meltdown, I'd like to say a word
about the Japan and the media.

Some people are news junkies, I am a headline junkie. Scouring headlines

provides a quick read on the nations sentiment. Whether headlines are a
reflection of national mood, or shape the national mood, that is a subject for
another day.

Thinking about what happened in Japan puts things in perspective for many of
us. There is more to life than analyzing the market's every move. The media
vividly portrays the damage and heartbreak of a ravaged country.

Let's remember that even when the media moves on to the next hot topic, there
remain many victims that need our support. At one point the media will forget
about Japan as it did about Haiti, Chile, and Indonesia, but that doesn't mean that
the suffering has miraculously been wiped away. Our support is needed even
more so once the media loses interest.

Damage Assessment

No doubt the events transpiring in Japan (NYSEArca: EWJ - News) have put stock
markets around the world on a fast track to lower prices. Japan's Nikkei 225
futures have fallen from 10,900 a few weeks ago to as low as 8,400, a 23% drop.

The iShares MSCI EAFA Index ETF (NYSEArca: EFA - News), a barometer of
developed markets around the world, had dropped from 62 to 55. The loss in the
iShares MSCI Emerging Markets ETF (NYSEArca: EEM - News) has been
contained to 10% or less.

Even U.S. investors spoiled by the Fed's loose monetary policy have come to find
out that the major U.S. indexes a la Dow Jones (DJI: ^DJI), S&P (SNP: ^GSPC),
and Nasdaq (Nasdaq: ^IXIC) can (and will) actually move in both directions.

Speeding up the Inevitable

Let's not forget that the U.S. stock market was in correction mode even before the
earthquake hit Japan. On Thursday, March 10, the S&P closed at 1,295. On Friday,
March 11, the first post-earthquake trading day, the S&P actually was up and
closed at 1,304. The events in Japan may have accelerated the stock sell off, but
they weren't the only cause. There were a number of subtle (by Wall Street
standards) but obvious (by contrarian standards) red flags in the middle of
February.

On February 8 with the S&P at 1,325, the ETF Profit Strategy Newsletter examined
the environment of exuberant bullishness. The medias conclusion (see headlines
below) was so obvious: Higher prices ahead:

Reuters: Fed more Confident in Recovery

AP: Investors Return to US Stock Funds in January

CNBC: S&P will Rise 60% by 2013

Kiplinger: 10 Signs the Economy is on the Upswing

The ETF Profit Strategy Newsletter offered this advice and recommended short
ETFs: 'How often in the past have we seen the old adage if it's too obvious, it's
obviously wrong' have the last laugh? Now is not the time to be complacent, it's
the time to evaluate shorting strategies and other defensive measures.'

How Bad Can it Get?

There've been a number of major earthquakes in the past decade. Following the
December 26, 2004 earthquake off the coast of Sumatra, the U.S. stock market
declined about 4%.

The January 12, 2010 earthquake in Haiti did not immediately affect the stock
market. However, starting on January 19, U.S. stocks declined about 10%.

Even though the death toll of both earthquakes was larger than in Japan, the
economic impact of the Japan quake outweighs anything previously recorded.
In terms of economic impact, hurricane Katrina might be the closest comparison
there is. Hurricane Katrina struck Louisiana on August 29 and cased an estimated
$81 billion in property damage.

Stocks rallied the ten trading days following August 29, declined about 5%
thereafter and continued their run to the 2007 all-time highs.

Admittedly, based on a small sample, natural catastrophes are not necessarily

bearish for U.S. stocks.

Technical Damage Assessment

The risk in U.S. stocks comes from bullish sentiment extremes, valuations, and a
decoupling between facts and reality. In addition, there is a giant bearish head
and shoulders pattern (ideal upside target not quite met yet) and a trend line that
has contained the Dow Jones for most of the past 80 years.

On February 18, the ETF Profit Strategy Newsletter identified this trend line (at the
time running through Dow 12,400) as major resistance. The Dow came within 9
points before reversing sharply.

In terms of technical analysis, S&P 1,275 is important support/resistance. As of

Tuesday mornings stocks have recovered some of their overnight losses and are
once again above 1,275. The 50-day moving average is at 1,302. It remains to be
seen whether stocks have enough strength to rally that far.

Thus far key structural support below 1,275 has been maintained and the
potential for higher prices has not yet been eliminated. However, the reaction to
Japan's woes (remember how the market shrugged of European financial defaults
and Middle East unrest) might indicate a larger change of trend…’

U.S. Stocks in Red, Though Markets Cut Early Losses Amid Fed Optimism
Midnight Trader ‘4:18 PM, Mar 15, 2011 --

• NYSE down 101.82 (-1.2%) to 8,092.14

• DJIA down 137.74 (-1.2%) to 11,855
• S&P 500 down 14.52 (-1.1%) to 1,282
• Nasdaq down 33.64 (-1.3%) to 2,667

GLOBAL SENTIMENT

• Hang Seng down 2.86%

 • Nikkei down 10.55%
• Shanghai Composite down 1.4%
• FTSE down 1.35%

The Unbearable Lightness Of TARP Reporting The Daily Bail | Credit markets
were NOT “frozen” during the crisis.

Stocks nosedive on panic selling over nuke crisis JapanToday | Tokyo stocks
tumbled further Tuesday, with the Nikkei index shedding more than 14 percent at
one point on panic selling.

The Rule of Gold After The Financial Collapse Activist Post | In a secular world,
the operative “Golden Rule” is “He Who Has the Gold Makes the Rules”.

World Stocks, Oil Slump on Japan Nuclear Fears World stocks hit 2-1/2 month
lows on Tuesday and oil fell and the yen surged after reports of rising
radiation near Tokyo triggered a 10 percent fall in Japanese stocks, hurting
risky assets across the board.

Japan’s Nikkei plunges 11 percent on radiation fears, sending global markets into
a tailspin Japan’s stock market nose-dived nearly 11 percent, leading world
markets sharply lower on Tuesday, as an escalating nuclear crisis
threatened to compound the devastation from last week’s earthquake and
tsunami.

14 Reasons Why The Economic Collapse Of Japan Has Begun The economic
collapse of Japan has begun. The extent of the devastation is now becoming
clear and many are now projecting that this will be the most expensive
natural disaster in modern human history.

ECONOMIC CRISIS ARCHIVE

National / World

Alert: Fukushima Coverup, 40 Years of Spent Nuclear Rods Blown Sky High Paul
Joseph Watson and Kurt Nimmo | More than 600,000 spent fuel rods on site,
ready to burn and enter the atmosphere.

Alarm Over Spent Fuel Rods Threatens “Chernobyl on Steroids” Perhaps the
most underreported and deadliest aspect of the three explosions and
numerous fires to hit the stricken Fukushima nuclear reactor since Saturday
is the fact that highly radioactive spent fuel rods which are stored outside of
the active nuclear rod containment facility are likely to have been massively
compromised by the blasts, an elevation in the crisis that would represent
“Chernobyl on steroids,” according to nuclear engineer Arnie Gundersen.

Japanese PM Attempts to Calm Nation as Massive Radiation Spreads Tokyo

Electric Power Company, in collusion with the Japanese government, is
deliberately misinforming and thus endangering the people of Japan, the
surrounding region, and eventually the United States and other countries
that may be downwind from the Fukushima Daiichi nuclear plant.

New Fire Hits Number 4 Reactor At Fukushima AFP is reporting a new fire at the
number four reactor at the Fukushima Daiichi nuclear plant. Flames are
rising from the reactor, AP reports.

U.S. Government Blocking Americans From Obtaining Potassium Iodide? U.S.

health authorities could be blocking Americans from obtaining the radiation-
fighting drug potassium iodide, even as the threat of a radioactive cloud
from the stricken Fukushima nuclear plant affecting the United States
prompts panic buying, which has led to stocks of the drug running out
across the country.
Panic Buying: Stocks Of Potassium Iodide Exhausted In U.S. We are getting
numerous reports from readers that stocks of potassium iodide, which is
used to protect the body against the effects of nuclear fallout, are
completely sold out across the United States. Checks of health supplement
websites in the U.S. also confirmed that stocks are completely exhausted.

Mass Evacuations Begin From North East Of Japan, Tokyo As the scale of the
nuclear disaster unfolding at the stricken Fukushima’s nuclear plant begins
to be finally realised, despite the Japanese government’s continued
underplaying of the situation, mass evacuations are are underway with
people fleeing Tokyo and North Eastern areas of the country in order to
avoid a toxic cloud of radiation heading their way.

Radioactive Winds Head Towards Tokyo As Some Flee Capital With Japanese
authorities confirming that the third blast at Fukushima’s stricken nuclear
plant caused radioactive particles to be released directly into the
atmosphere, localized winds are blowing the radiation towards Tokyo,
causing many to flee the capital, but the longer term trajectory of upper
atmosphere prevailing winds will still send any potential radiation cloud
towards the U.S. west coast.

U.S. Government Blocking Americans From Obtaining Potassium Iodide? Paul

Watson | U.S. health authorities could be blocking Americans from obtaining
potassium iodide.

Radio France Pulls Staff From Japan Over Radiation Fears Radio France decided
Tuesday to pull out staff dispatched to cover the major earthquake in Japan,
following a series of accidents at a Japanese nuclear power plant, a public
relations official told Kyodo News.

Airlines start cancelling flights to Tokyo Lufthansa, Europe’s biggest airline

group by revenues, has cancelled flights to Tokyo’s main international
airport of Narita as Japan’s nuclear crisis deepens.
U.S. Navy: Low-level radiation detected at some Tokyo-area bases The Navy said
very low levels of airborne radiation were detected Tuesday morning at
greater Tokyo-area bases in Yokosuka and Atsugi, prompting commanders
to direct base residents to remain indoors as a precaution.

Qaddafi Retaking Libya Tony Cartalucci | It appears Colonel Qaddafi has begun
retaking Libya from globalist-backed rebels.

Panic Buying: Stocks Of Potassium Iodide Exhausted In U.S. Paul Joseph Watson |
Health websites sold out, readers struggle to find radiation-fighting pills
anywhere.

Japan braces for potential radiation catastrophe Reuters | Spent nuclear fuel was
exposed to the atmosphere.

Violent Protests Across Yemen, 3 Soldiers Dead Reuters | Scattered clashes

broke out across Yemen on Monday.

Fuel rod fire at Fukushima reactor “would be like Chernobyl on steroids” Kirk
James Murphy | Chernobyl’s contamination settled upon people and nations
thousands of miles from that reactor’s location.

Drudgereport: BAIL: NUKE WORKERS ABANDON PLANT

Radiation spews into sky -- again...
KYODO: CRISIS HAS 'WORSENED CONSIDERABLY'...
Wind to blow toward Pacific Ocean, America...
U.S. Surgeon General: Get iodide...
AP... BBC... KYODO... REUTERS...
Sudden run on pills...
GOVERNMENTS CALL FEARS UNWARRANTED...
Reactor Design Caused GE Scientist To Quit In Protest...
Design in dispute for decades...
FUEL RODS DAMAGED 70 PERCENT...
Roof Cracked After Last Explosion...
Two workers still missing...
SPENT NUKE FUEL POOL MAY BE BOILING...
Helicopters no longer option to cool reactors...
Nuclear blizzard...
Food panic...
Thousands missing, millions short of water – and fear everywhere...
MILLIONS SUFFER FREEZING TEMPS WITHOUT POWER...
Confusion, chaos spreading...
WHITE POWDER DISCOVERED AT KENNEDY SPACE CENTER TESTS POSITIVE
FOR COCAINE...
AL FRANKEN WARNS: 'THEY'RE COMING AFTER THE INTERNET' … This should
be taken very seriously since they know that truth is their worst enemy in light of
their nefarious, nation-destroying activities for greed and worse ...

Monday's Correction: Now That's a Black Swan Tradermark ‘The seemingly

widespread issues with nuclear plants in Japan are certainly not something one
typically has to deal with in the market. Generally you expect media to overplay
things, so after the quake Friday, it has been a surprise to see the nuclear
situation getting seemingly progressively worse as each day passes, so we
definitely have this affecting sentiment. Japan fell over 6% overnight, and U.S.
markets are at fresh lows as this mini 'black swan' overwhelms the normal
Monday morning garbage. [chart] I said Friday it would actually be in the bears'
interest for a rally to work off some of the oversold condition, and then we'd (in a
normal market) see another leg back down. Certainly due to the news, we did not
get more than a 1 day bounce - but this is how sell-offs usually occur. While still
prone to news which can herk and jerk us around, this market definitely now
seems to be in correction mode with the S&P 500 quickly fading back the 50 day.
One could make bets against the index with the 50 day as your ceiling. Usually a
real correction begins with everyone thankful there is a "buying opportunity" but
ends when people feel actual consternation. Right now, almost everyone is just
thankful they have a chance to get in, hence I'd think there is more downside
ahead from a sentiment standpoint.’
Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global
stock markets, including China, Brazil, India and Hong Kong, have been in fairly
significant corrections since November, down between 12% and 17%. Their major
concerns have been rising inflation and the resulting monetary tightening by their
central banks to combat the inflationary pressures...So was this week’s stumble
the beginning of a more serious correction? The events and reports this week did
provide more evidence that the stock market may be ahead of reality regarding
prospects for the economy, and therefore corporate earnings, going forward,
which should at least limit the market’s upside potential. Limited upside potential
equals more downside risk? It might be wise to lighten up some into strength that
may develop over the next few days during the ‘monthly strength period.’

BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To
New Lows Blodget ‘Investors have gotten wildly bullish of late, as the bull market
that started in early 2009 keeps driving stocks to new highs. But the pigs are
about to get slaughtered, says Bob Prechter, president of Elliott Wave
International and editor of the Elliott Wave Theorist. Prechter still thinks the new
bull market is just a cyclical "retracement" of some of the bear market losses that
we've had since the market crashed in 2008. Prechter expected this retracement
to drive stocks 50% above the market lows, but stocks have since soared 30%
higher than than he expected. So when the day of reckoning comes, Prechter
thinks, it will be even more startling. And Prechter still thinks that stocks will
eventually crash to new bear-market lows (read: below 6,800 on the DOW). What
makes Prechter think this day of reckoning may come sooner rather than later?
Sentiment indicators and other technical analysis. Investor bullishness has now
gotten so extreme, Prechter says, that it has exceeded the levels in 2008 before
the market crashed. Investors could still get even more bullish, of course, but
eventually they'll pay for this optimism. And Prechter's not just bearish on
stocks: He thinks oil, silver, and other commodities are absurdly overvalued, too.
The only thing he's bullish on is the dollar. And lest he be dismissed as a perma-
bear, Bob Prechter is quick to add that he hopes there will come a day when he
can come on the show and tell everyone that stocks are finally so crushed and
hated that it's a historic opportunity to buy them. When will that be? Stay
tuned...’ The Case for a Bear Market for Stocks Suttmeier ‘In making a bearish call
on the U.S. stock market, I base it on both fundamental and technical factors. The
fundamentals show that stocks are overvalued and we have had three ValuEngine
Valuation Warnings so far this year. The January warning was ignored by the
market but so far stocks peaked with the warning issued on February 18 and re-
iterated on March 3. During this period we have seen many days where all 16
sectors have been overvalued, with eight to 11 by double-digit percentages.
Today 63.8% of all stocks are overvalued, and all 16 sectors are overvalued, 11 by
double-digit percentages…’

Ellen Bente Oliver ‘Salary of House/Senate...$174,000. Salary of Speaker of

House...$223,500. Salary of Majority/Minority Leaders...$193,400. Average US
Salary...$33,000 to $77,000. Maybe our elected officials should make an average
salary too...It's a time of sacrifice after all...Pass along, post on your own page if
you agree…’

World's richest are almost $1 trillion richer [ And the other 95% trillions poorer. ]

Utilities Are Warning the Correction Is Here Gayed ‘The utilities sector (IDU) may
not be the most fascinating sector of the market to watch, but in many ways can
be one of the most important. Legendary technical analyst Edson Gould, known
for being one of the best market timers of all time, believed that the performance
of utilities was an early indicator for broad market movements. He noted often
times that when utilities performed exceptionally well, within a short period of
time, markets would experience a period of volatility and declining prices…’

2 Years After the Bottom, the 'Smart Money' Is Selling: "It's a Bit Late to Go
Long," Nenner Says Nenner ‘Wednesday's two-year anniversary of the start of the
bull market proved anticlimactic as major averages fell slightly. The selling
picked up steam early Thursday as renewed concerns about Europe's debt crisis
offset any positive impact of falling oil prices.

In recent trading, the Dow and S&P were down about 1.3% each while the Nasdaq
was off 1.5%.

Such lackluster action is likely to continue in the near term, followed by

something much worse for the bulls, according to cycle watcher Charles Nenner
of the Charles Nenner Research Center.

"I think it's a bit late to go long," Nenner says, suggesting investors should not
expect much more upside from stocks. For the near-term, Nenner expects the
market to remain within a trading range between 1307 and 1356 on the S&P 500.
(The S&P fell below 1307 early Thursday; a close below that level would mean
"big trouble," Nenner says in the accompanying video, taped Wednesday
afternoon.)

"We don't intend to go short right now," he says...with "right now" being the
operative term.

Looking further out, Nenner is sticking with a forecast of "Dow 5000" over the
next three years, a call based partially on his view that deflation remains the
primary threat, not inflation. (See: Deflationary Hurricane Will Slam Into U.S.
Economy, Charles Nenner Says)

"I would challenge people: ‘how do you get to inflation?'," he says, suggesting
wage pressures are the key determinant, not food or energy prices or even Fed
policy. "What's clear is that wage demands lead to inflation; people want higher
wages and then you get an upside spiral," Nenner says. "People are still happy
they have a job, so I don't see any wage inflation, so it means there's no inflation"
-- at least not in Europe and the U.S.

The Price of Prognostication

A former market-timing consultant at Goldman Sachs, Nenner has been lauded

here and other venues for some of his prescient calls in recent years, most
notably:

• -- Forecasting a Dow peak of 14,500 in the summer of 2006.

• -- Predicting a "substantial drop" in housing in Aug. 2006.
• -- Calling the market top in October 2007.
• -- Forecasting in late 2007 a "deflation scare" would occur in 2008.
• -- In February 2009, predicted a major rally would start "in a few weeks" and
could take the S&P as high as 1000.

But Nenner has had his share of clunkers too, including a forecast here that 2010
would be a grim year for both the economy and the markets. In April 2008 on
CNBC, he was bullish about the second half of the year and predicted a return to
old highs.
Hopefully Nenner's "Dow 5000" call will be similarly misplaced.
I point out these gaffes not to embarrass or make fun, but to remind viewers that
to err is human and everything you see/hear should be taken with a grain of
salt...assuming you're not already.
Aaron Task is the host of Tech Ticker. You can follow him on Twitter at @atask or
email him at altask@[Link]’
US Stocks - Is Japan Speeding up the Inevitable? Maierhofer, ‘Japan's Nikkei 225
is down 16% since its February 16 secondary high. Reuters reports that 'Wall
Street Dives on Impact of Japan Disaster.' However, Japan's stock market
(NYSEArca: EWJ - News) topped before the earthquake, as did the major U.S.
[Link] the Japan shock merely speeding up the inevitable or could the bad
news actually be part of a bullish 'wall of worry?'Featured below is an article from
February 11. At the time the S&P was trading at 1,330. Even though a few weeks
old it provides information investors can use to gauge the current down side risk.
Updated support levels are provided at the end:
February 11, 2011:If it's too obvious, it's obviously wrong. More often than not,
this proverbial Wall Street adage has the last laugh. What's the prevailing consent
on Wall Street? What's suspiciously obvious today?

- The Fed is here to help. As long as there's QE2 (or QE3, 4, etc,) prices will go up.

- January was positive. As January goes, so goes the year.

- This is the third year of the Presidential Election Year Cycle. There hasn't been a
negative third year since 1939.

- There's no catalyst to send stocks higher.

While Wall Street analysts are trying to one up each other's positive forecasts, the
Fear Index, VIX has fallen to a 3 year low. The last time the VIX was at a similar
level was in April 2010, just before a literally fear-inspiring 17% correction and the
May 'Flash Crash' (see chart below).The ETF Profit Strategy Newsletter didn't
subscribe to the prevailing optimism in April 2010 and warned that: 'The message
conveyed by the composite bullishness is unmistakably bearish. The pieces are
in place for a major decline.'Does that mean that the bottom will fall out again
within a matter of days? Not necessarily, but now is certainly not the time to be
married to your holdings. Tight sell stops are warranted because any minor
correction could turn into a large one. Why?

New Bull Market, or Mother of all Bear Market Rallies?

The devil's in the long-term trend. If we are in a new bull market, any dip would
present a buying opportunity. If we are in the mother of all bear market rallies,
every rally is a trap and represents a selling [Link] can one determine
whether we are in a new bull market, or a bear market rally? [chart]It's said that
bull markets climb a wall of worry. No doubt there was extreme pessimism
surrounding the March 2009 lows. That's one of the reasons the ETF Profit
Strategy Newsletter sent out a strong buy signal on March 2, [Link] pessimism
at the bottom doesn't equal a wall of worry. In fact, following the initial bout of
disbelief, investors embraced the rally rather quickly. In late 2009, sentiment
readings became frothy, in January 2010 they rivaled 2007 extremes (stocks fell
9%), and in April 2010 they exceeded 2007 extremes (stocks fell 17%).About two
thirds of the rally from the 2009 lows was accompanied by optimism. This is no
wall of worry.

Glass Half Full Outlook

Think about it, even the truly big problems - unemployment and falling real estate
prices - were sugar coated from the very beginning. The unemployment problem
was charmingly called 'jobless recovery' and falling real estate prices were simply
[Link] Case-Shiller home price index is down four months in a row, but
nobody is bothered. A few days ago, MarketWatch ran an article: '10 reasons to
be bullish on housing.'Courtesy of the continuing real estate conundrum, the
FDIC closed 157 banks in 2010, and 14 thus far in 2011. According to a Wall Street
Journal article, the top 10 U.S. owned banks had $13.8 billion in unrealized
[Link] are not reflected in earnings numbers as long as financial
institutions (NYSEArca: XLF - News) believe the investment will later rebound.
Guess what? Banks are pretty darn sure prices will reclaim their 2006 all-time
[Link] addition to the $13.8 billion in unrealized losses, the top 10 U.S. banks
owned $360.7 billion in illiquid, hard to value assets (called level 3 assets). While
paper earnings appear solid, it appears as if banks are hiding skeletons in their
closets. But who cares, stocks (NYSEArca: VTI - News) are up.

Anomaly Explained

Ben Bernanke has openly admitted that asset inflation, or the wealth effect from
rising stock prices, is the objective of QE2. Obviously, the money flow from the
Federal Reserve over banks into the stock market has been the driving force
behind this monster [Link] of the Fed money has been funneled into
commodities. Since QE2, net speculative positions in wheat and copper have
doubled, oil soared 115%, soybeans 40% and corn 15%. Rising commodity prices
(NYSEArca: DBC - News) are putting the squeeze on lower income Americans and
will eventually lower profit margins for the materials sector (NYSEArca: XLB -
News).It's quite likely that this ripple effect will spill over into the retail
(NYSEArca: XRT - News), technology (NYSEArca: XLK - News), and consumer
discretionary sector (NYSEArca: XLY - News). From there it's just a matter of time
until it hits the broader Dow (DJI: ^DJI), S&P (SNP: ^GSPC) and Nasdaq (Nasdaq:
^IXIC).Contrary to its objective, QE2 has also sent interest rates soaring. Higher
interest rates tend to encourage the money to flow from equities into bonds.
Higher interest rates put pressure on bond and stock prices alike...’

Stocks Rattled by One-Two Punch: Dave's Daily ‘Everything was going along just
fine for markets even absorbing Tunisia and Egypt well. But then the contagion
continued to Libya, Bahrain, Yemen, Kuwait and so forth. This pushed energy
prices higher. Further, even though these MENA [Middle East and North Africa]
events may ease, you can rest assured they'll resurface and overhang markets for
awhile. The next punch was delivered by Japan's earthquake, tsunami and
nuclear reactor issues. Japan, being the world's third largest economy, may be in
trouble for some unknown period. There will be massive infrastructure spending
down the road (emphasis added) which should provide strong demand for
building materials (lumber, base metals and so forth). For now, the economy will
get a heavy dose of cash from Japan's central bank and this will require
enormous debt sales driving yields higher theoretically. Since Japan is a large
exporter of stuff to the world, prices for finished products may rise causing more
inflation. Commodity prices remained mixed with softs and base metals weak
while energy, gold and rice were higher overall. Bonds rallied while the dollar fell.
The Fed is busy is POMO activities oblivious to external conditions. Here's their
schedule for March and April. Stocks were sold with some late day buying lifting
major averages off their lows. Volume continues to rise on selling but with an
afternoon "stick save" much of this was positive. Breadth per the WSJ was once
again negative.’

Investment Implications of a Nuclear Meltdown in Japan Ciovacco ‘The concerns

continue to mount after Japan’s devastating earthquake and subsequent tsunami,
which may further heighten recent anxiety in the financial markets (DIA). An
explosion near the No. 1 reactor at the Fukushima Dai-Ichi nuclear power station
has industry experts talking about the possibility of a meltdown.

According to Bloomberg:

If the fuel rods are melting and this continues, a reactor meltdown is
possible,” Kakizaki said. A meltdown refers to a heat buildup in the
core of such intensity it melts the floor of the reactor containment
housing. “If they cannot get the nuclear reactor back under control
during the day, this may end up being the biggest problem of all,”
said Ken Courtis, former vice chairman of Goldman Sachs Group
Inc. in Asia. “A meltdown, which would cause massive immediate
damage, would also set the nuclear industry back decades. This
would have vast implications for the global energy equation and
perforce the world economy.

Japanese Chief Cabinet Secretary Yukio Edano said at a press conference that
the blast didn’t damage the reactor container, only the structure outside it, and
that there was no major radiation leakage with the explosion. The nuclear
reactors are about 150 miles north of Tokyo. New reports in Japan have indicated
the radioactivity at the site was rising to 20 times normal levels. [chart]
We would expect the nuclear energy ETF (NLR) to struggle next week. From an
investment perspective, we would avoid NLR in the short-term due to the
uncertainties in Japan. If we owned NLR (we do not), we would consider selling
some of the position with a close below 24.74, and cutting back even further with
a close below 23.18.
“If the water level remains at this level, the reactor core might be damaged, but
we are now pouring water into the reactor to prevent it from happening,” Dow
Jones Newswires quoted a Tepco spokesman as saying.
According to Wikipedia, a nuclear meltdown:

• Occurs when a severe failure of a nuclear power plant system prevents

proper cooling of the reactor core, to the extent that the nuclear fuel
assemblies overheat and melt. A meltdown is considered very serious
because of the potential that radioactive materials could be released into
the environment. A core meltdown will also render the reactor unusable
until and unless it is repaired.
• Within the former Soviet Union several nuclear meltdowns of differing
severity have occurred. In the most serious example, the Chernobyl
disaster, design flaws and operator negligence led to a power excursion
that subsequently caused a meltdown.
• A core damage accident is caused by the loss of sufficient cooling for the
nuclear fuel within the reactor core. The reason may be one of several
factors, including a loss of pressure control accident, a loss of coolant
accident (LOCA), an uncontrolled power excursion, or in some types, a fire
within the reactor core…’

EU leaders reach deal on debt crisis London Telegraph | European leaders

reached agreement early this morning.

‘Anonymous’ to Release Docs Proving Bank of America Fraud Zero Hedge |

Hacker collective to leak proof that Assange previously threatened to release.

Are the prophets of doom right? The American Dream | Major Middle East war?
Oil at $200/barrel? Gold at $2000?
Foreclosure activity declines as lenders review legal procedures North Jersey |
Did foreclosures drop 27% because banks being blamed for robo-signing
scandal?

Insured losses from Japan quake could hit $35 billion Reuters | Last week’s
earthquake in Japan could lead to insured losses of nearly $35 billion.

EU leaders reach deal on debt crisis London Telegraph | European leaders

reached agreement early this morning.

Japan and Otherwise: World Markets Decline

Hacker Group Anonymous Brings Peaceful Revolution To America: Will Engage

In Civil Disobedience Until Bernanke Steps Down The goal – engage in “a
relentless campaign of non-violent, peaceful, civil disobedience” until Ben
Bernanke steps down.

Hacker Collective Anonymous To Release Documents Proving Bank Of America

Committed Fraud This Monday After Julian Assange crashed and burned in his
threat to release documents that expose fraud at Bank of America, many thought
he had been only bluffing, and that BofA is actually clean. Not so fast. The Rule
of Gold After The Financial Collapse Activist Post | In a secular world, the
operative “Golden Rule” is “He Who Has the Gold Makes the Rules”.

Nikkei Plunges As Quake Sparks Sell-Off Nikkei | Tokyo stocks plunged Monday,
with investors selling to avert financial risks over the devastating earthquake.

Has The Tsunami In Japan Destroyed The Japanese Economy? So what is this
disaster going to do to the 3rd largest economy in the world? Japan already
had a national debt that was well over 200 percent of GDP. Could this be the
“tipping point” that pushes the Japanese economy over the edge and into
oblivion?

Will The Japanese Earthquake Be The Straw That Breaks Europe’s Back? If an
earthquake flips its wings in Japan, does the Eurozone go bankrupt,
especially in the month when its most insolvent countries face billions in
 debt rollover requirements, tens of billions in maturity funding needs, even
more in deficit funding requirements… and no cash?

Update: Make That 15 Trillion; BOJ Raises Liquidity Injection To JPY12 Trillion
($146 Billion) Total reactionary panic everywhere now as the BOJ hikes the
liquidity injection from 2 to 7 to 12 trillion yen.

The Fed Fails to Create the Stability it Dreams Of Wall Street at least temporarily
relieved of the burden of having to buy Treasuries & Agency bonds, is
looking at the jump in oil prices as nothing more than an irritant to their
plans for a higher market. Bill Dudley of the NY Fed, a most powerful
member, continues to make a vigorous defense of Federal Reserve policies.

Tokyo stocks drop 5% in first opening since quake Tokyo shares fell 5.2 percent
on Monday in their first opening since Friday, when Japan was struck by the
biggest earthquake in its history and a devastating tsunami.

Store shelves empty in Tokyo as uncertainty reigns Commuters and residents of

the Japanese capital faced confusion and uncertainty on Monday over the
supply of food and energy after Friday’s devastating quake and tsunami
which crippled a nuclear power plant.

The Rule of Gold After The Financial Collapse Activist Post | In a secular world,
the operative “Golden Rule” is “He Who Has the Gold Makes the Rules”.

Nikkei Plunges As Quake Sparks Sell-Off Nikkei | Tokyo stocks plunged Monday,
with investors selling to avert financial risks over the devastating earthquake.
ECONOMIC CRISIS ARCHIVE

Japan Worries Keep Stocks in the Red Midnight Trader ‘ 4:15 PM, Mar 14, 2011 --

• DJIA down 51.24 (-0.43%) to 11,993.16

• S&P 500 down 7.89 (-0.60%) to 1,296.39
• Nasdaq down 14.64 (-0.54%) to 2,700.97

GLOBAL SENTIMENT

• Hang Seng up 0.41%

• Nikkei down 6.2%
• FTSE down 1%

National / World

10K dead in Japan amid fears of nuclear meltdowns (AP) AP - The estimated
death toll from Japan's disasters climbed past 10,000 Sunday as authorities raced
to combat the threat of multiple nuclear reactor meltdowns and hundreds of
thousands of people struggled to find food and water. The prime minister said it
was the nation's worst crisis since World War II.

Third Reactor Explodes, Full Scale Nuclear Catastrophe Imminent Kurt Nimmo |
Effort to cool reactor with seawater a failure.

Experts fear 3rd reactor explosion Aaron Dykes | A third explosion at the
Fukushima plant may be imminent.

CIA Sends USAID to Japan to Manage Nuclear Disinfo Campaign Kurt Nimmo |
Cover-up of the extent and severity of Japan’s multiple nuclear meltdowns is
now underway.
Cover Up Of Fukushima Chain Reaction Underway Paul Joseph Watson & Steve
Watson | True scale of nuclear crisis suppressed by Japanese authorities,
aided by castrated and slavish mass media.

Tracking Page: Japan’s Nuclear Meltdown, Aftershocks & Fallout Infowars |

Following Japan’s nuclear plant emergency with the latest updates.

Fuel rod fire at Fukushima reactor “would be like Chernobyl on steroids” Kirk
James Murphy | Chernobyl’s contamination settled upon people and nations
thousands of miles from that reactor’s location.

Tokyo nuke cloud crisis The Sun | Japan teeters on brink of nuclear catastrophe
amid fears a radioactive cloud could envelop Tokyo’s 13 million residents.

Evacuation zone widening; 300,000 homeless crowd shelters Daily Mail | Fears of
second explosion at quake-hit N-plant as exclusion zone stretches to 13 miles.

Radiation From Fukushima Would Take 7 Days To Reach U.S. Radioactive

particles from the stricken Fukushima nuclear facility would take around a
week to reach Alaska and eleven days to reach Los Angeles, according to an
[Link] analysis, which highlights the fact that prevailing winds
over the region would send any potential fallout from the crisis-hit plant
drifting towards west coast cities in the United States.

Nuclear Expert: Radiation Could Spread To US West Coast Nuclear expert Joe
Cirincione warns that radiation from Japan’s multiple potential nuclear
meltdowns could spread to the US west coast and that the threat represents
an “unprecedented crisis,” as another explosion rocked the Fukushima
complex and officials admitted that nuclear fuel rods at reactor number two
have been fully exposed.

Japan’s nightmare gets even WORSE: All THREE damaged nuclear reactors now
in ‘meltdown’ at tsunami-hit power station The Japanese nuclear reactor hit
 by the tsunami went into ‘meltdown’ today, as officials admitted that fuel
rods appear to be melting inside three damaged reactors.

Japanese death toll to far exceed 10,000 The death toll from the Japanese
earthquake and tsunami is expected to exceed 10,000 as local and
international rescue teams search through the ruins of north-eastern coastal
cities for survivors of last Friday’s disaster.

TIME: Everything’s Tracked- Get Over It Aaron Dykes | In an astounding cover

story,’ TIME tells readers to “get over” ubiquitous tracking.

Nuclear Plant Designer Says Japanese Government Suppressing Scale Of Crisis

BBC News | A former nuclear plant designer has said Japan is suppressing
vital info on the grave crisis. A former nuclear power plant designer has said
Japan is facing an extremely grave crisis and called on the government to
release more information, which he said was being suppressed. Masashi
Goto told a news conference in Tokyo that one of the reactors at the
Fukushima-Daiichi plant was “highly unstable”, and that if there was a
meltdown the “consequences would be tremendous”.

Volcano in southern Japan erupts LA Times | A volcano in southern Japan began

spewing ash even as the country struggled to recover from the catastrophic
earthquake and tsunami.

U.S. West Coast in Path of Fallout Washington’s Blog | California is closely

monitoring efforts to contain leaks from a quake-damaged Japanese nuclear
plant.

Japan Fears Second Reactor Blast There is a risk of a second explosion at the
quake-hit Fukushima power station, Japanese officials have said. However,
chief cabinet secretary Yukio Edano said the facility could withstand the
impact and the nuclear reactor itself would not be damaged.
U.S. West Coast in Path of Fallout “At present there is no danger to California.
However we are monitoring the situation closely in conjunction with our
federal partners,” Michael Sicilia, spokesman for California Department of
Public Health, told AFP.

Radiation Increases as Cooling Systems Fail at Fukushima Plant in Japan

Japanese officials battling to prevent a potential meltdown at a nuclear
power station said an explosion was possible at a second reactor building
after the plant’s cooling system failed.

Cooling at Sixth Reactor Fails Tokyo Electric Power Co. said Sunday another
reactor of its quake-hit Fukushima nuclear power plants had lost its cooling
functions, while at least 15 people at a nearby hospital were found to have
been exposed to radioactivity.

Featured Stories archive

Japanese Nuclear Meltdown Confirmed [Link] | As we accurately reported,

the explosion at the Fukushima nuclear plant was the result of a nuclear
meltdown of the reactor core.

Media Coverup of Massive Chernobyl Event Underway in Japan Kurt Nimmo |

Media in Japan is not reporting this fact in order to prevent mass hysteria.

Piers Corbyn: Massive Japan Earthquake & Tsunami Were Triggered by Solar
Action The Alex Jones Channel | Meteorologist and astrophysicist Piers
Corbyn, talks with Alex about the Japanese tsunami.
US Contracting Tech Firms for Revolutions Tony Cartalucci | US shamelessly
admitting to funding Middle East revolutions

Obama Laments He’s Not President Of Communist China [ Time to relieve

wobama the b’ (for b*** s***) of his burden by impeaching / removing him
from office without delay! He may not have been the first black president
(Clinton is generally considered the first black president by blacks and
whites alike, a moniker Clinton accepted and wore proudly – that 18% vote),
but he is certainly the last! Drudgereport: City Lowers Police Testing
Standards Because Not Enough Blacks Passed... Under pressure from
Obama administration... Illinois mayor says Obama still owes city
$55,457... Obama to party with Washington reporters... Golf in the
afternoon... ] Weekly Standard | “Mr. Obama has told people that it would be
so much easier to be the president of China.”

Drudgereport: SIXTH NUKE REACTOR FAILS

MELTDOWN ALERT...
Firefighters battle blaze at reactor...
Rods fully exposed for 2.5 hours...
Higher radiation recorded north of Tokyo...
RACE TO SAVE THE REACTORS...
Japan Asks USA To Help...
WRAP...
BBC LIVE... REUTERS LIVE... KYODO WIRE...
QUAKE MAPS, DETAILS...
FLASH: Nikkei Stock Market Falls Another 6%...
PM Kan asks public to act calmly...
Confusion from deadly quake spreading...
Emergency Cooling Effort at Reactor Failing...
'UNSTABLE'...
Crisis 'Uncharted Territory'...
Up to 160 exposed to radiation...
Japan battles nuclear meltdown...
Biggest Crisis Since WWII...
Races to avert multiple reactor failures...
Injecting seawater at Fukushima...
Another hydrogen explosion possible...
Evacuation zones widened -- again...
NUKE DESIGNER: Gov't suppressing info...
BBC LIVE... REUTERS LIVE... KYODO WIRE...
QUAKE MAPS, DETAILS...
USA West Coast in Path of 'Fallout'?
190 EXPOSED TO RADIATION IN MELTDOWN OF REACTOR NO. 1...
Thousands scanned...
200,000 Evacuated...
US EXPERTS: Pumping seawater into reactors 'act of desperation'...
'May foreshadow Chernobyl-like disaster'...
GE-designed reactors in Fukushima have 23 sisters in USA...
IS THE WORST STILL TO COME?
THOUSANDS SCANNED...
140,000 Evacuated...
ADMIT: Officials say radiation levels rise above limit...
Third explosion raises spectre of nuclear nightmare...
USA West Coast in Path of 'Fallout'?
Winds Should Send Radiation Out to Sea...
Run on iodine tablets -- in Finland...
German airline scans Japan flights for radioactivity...
17 U.S. Navy crew members contaminated...
HOPE: Pumping seawater into hot, leaking reactor...
'We're told not to breathe the air -- it's scary'...
GOV'T: Releasing radioactive steam from another reactor...
SAFETY BOARD: Meltdown occurred...
Core of Fuku 1 partially melted; race on to cool...
Japanese officials: 'Nuclear catastrophe averted'...
Say steel container housing reactor undamaged...
Japan to IAEA: Report radiation levels dropping...
REPORT: Nearly 10,000 people missing from town of 17,000...
KYODO: Death tops 2,000...
Military finds 300-400 bodies in one coastal city...
UPDATE: Four trains missing...
Northeast Japan 'a wasteland'...
'Devastation and despair'...
MAPS, DETAILS...
BBC LIVE...
REUTERS LIVE
KYODO WIRE...
City Lowers Police Testing Standards Because Not Enough Blacks Passed...
Under pressure from Obama administration...
Illinois mayor says Obama still owes city $55,457...
Obama to party with Washington reporters...
Golf in the afternoon...
Milbank: King's red scare (Washington Post) [ It truly is difficult for me to imagine
being on the same page as Mr. Milbank on virtually any topic at all; and, yet
here I am, on the same page agreeing with him with what has already
occurred to me in thinking about the mccarthyish way of political
opportunist for his zionist district politics, neocon peter king. It is important
to distinguish the ‘anti-communist’ tenor of mccarthy’s day, communism
being in my view a very real threat in light of my own staunch opposition to
communism, the ultimate ‘b*** s***’ political doctrine / social organization
whereby everybody is purportedly equal, yet some bureaucrats / party
members were far more equal in every way than others. Yet, pervasively
corrupt / defacto bankrupt america (Batista’s cuba is an example on smaller
scale) has become a poster-child for the failure of capitalism (though
capitalism is but a fading memory for america in favor of the corrupt
bureaucratic morass it’s become) with totalitarian communist china the
greatest beneficiary though it’s capitalism that has garnered china
enormous success. The irony of it all. While the communist threat was all
too real, from the beginning (upon the long overdue fall of communism),
there was a void sought to be filled by the military industrial complex,
neocons, zionists, war profiteers, etc., literally ‘militants without a cause’. A
sad reality that’s all too real. ]

NATO endorses plan for Afghan forces to take over several areas (Washington
Post) [ Yeah! Sounds like a plan … if the several areas encompass the entire
nation; and, nato quits their foolishness in wasting money they don’t have
for the sake of the military industrial complex, war profiteers, thieves, and
(nato) heroin dealers. ]

Major changes ahead for U.S. mortgage system (Washington Post) [ Duh! Ya
think? … How ‘bout major changes to the entire pervasively corrupt, defacto
bankrupt u.s. (illegal) system, long overdue … SEC chief: Becker should not
have worked on Madoff fallout (Washington Post) [ Oh come on! Everyone
now knows here and abroad that capital hill is just an incestuous, nepotic
morass of venal, greedy, corrupt incompetents who do or don’t do whatever
is necessary to further their personal financial interests, including bribes
both direct and indirect, now or later. Between goldman’s / citi’s rubin, and
paulsen, and etc., etc., they’ve pillaged the treasury and aided / abetted /
covered up a still extant fraud. Now those who can, do; those who can’t,
work for the u.s. government. Who’s the head of enforcement? A goldman
man of course. Madoff? House Republicans press SEC on official's ties to
Madoff (Washington Post) [ The ultimate subterfuge. Mr. small potatoes
madoff the focus of so much influence … yet he’s in jail … and the only one
… Boy, did mary shapiro become total b*** s*** fast … the current shibboleth
of capital hill / all 3 branches of pervasively corrupt u.s. government …
joining the others: “The Financial Industry Has Become So Politically
Powerful That It Is Able To Inhibit the Normal Process of Justice And Law
Enforcement” The economy cannot stabilize unless fraud is prosecuted. But
the folks in D.C. seem determined to turn a blind eye to Wall Street
shenanigans, and is now moving to defund the enforcement agencies like
the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell,
MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Politicians lie.
Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes,
inherited. Their brains are wired that way, warn scientists. Like addicts, they
can’t help themselves. They want to sell stuff, get rich…’ Financialization
and Our Increasingly Unstable Economy Roche ‘I finally got around to
seeing the movie Inside Job, the story behind the credit crisis and winner of
the Academy Award for best documentary. It’s very good and I highly
recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The
movie doesn’t place nearly enough blame on homeowners, but all in all it
does an excellent job of showing how Wall Street and government have
become overrun by deregulation and sheer greed. A combination of flawed
economic theory and greed have combined to create the beast that we now
call a “functioning” economy. The worst part of it all is that President
Obama, who vowed change, has done almost nothing to fix any of it and in
fact continues most of the policies that helped get us here in the first place.
…’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the
unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds
on wall street ( and declares with oscar in hand that not one high level wall
street exec has been prosecuted … despite ‘earning’ billiions from the
fraud ), the commentator / experts recommend getting rid of the corrupt eric
holder ( now what do holder and wobama have in common … is it wall street
money ………… is it a proclivity for jive-talking / b*** s*** ………all of the
above, some of the above ……….. or is it something else …… here’s a hint -
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS
PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional
and personal testimony, an ex-Justice official who quit over the handling of
a voter intimidation case against the New Black Panther Party accused his
former employer of instructing attorneys in the civil rights division to ignore
cases that involve black defendants and white victims ...’ US v. AZ...
Cases against Wall Street lag despite Holder’s vows to target financial fraud
Washington Post | Obama has promised to hold Wall Street accountable for
the meltdown. ) (see this film, I strongly recommend the complete
documentary – the following is a preview/summary)
[Link]

[Here’s an archived version

’Inside Job’ New Documentary Exposes Wall Street Fraud And How Banksters
Continue To Steal Our Money

Web site Link / Path to archived file: [Link]

[45mb ]
[Link] [ 65mb ] ]

] Former general counsel inherited part of a Bernard Madoff account.

Ethics code urged for Supreme Court (Washington Post) [ Sounds like a plan!
Come on! Wake up! After all, what can you expect from two guidos from ‘jersey
(alito and scalia, colloquial – note that I have refrained from using what some
might consider disparaging terms as w*p*, gui***s, or da***s … and let me state
for the record that I truly loved and respected my grandmother who was 100%
Italian/Bari,Italy and as well my grandfather/Lake Como,northern Italy with greek
ancestral roots and I thereby claim standing/right to posit the criticism in light of
my direct experience. ). How ‘bout starting with enforcing laws as to judges, liars,
etc., within the very corrupted american illegal system; and, particularly bribes
which in one form or another are rampant . I don’t know about Thomas ( 3-4-11
Throw Clarence Thomas Off the Bench (The Daily Beast) ) , but I do know about
alito and ‘jersey … :
October 15, 2010 (*see infra)

Steven M. Martinez, Assistant Director In Charge

Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your
computer’s browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to
prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as
filed with the subject court as referenced therein (which files are also included on the
aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as
you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including
treble damages and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of
such assistance given the seriousness and prevalence of said violations of law which have a
corrupting influence on the process, and which corruption is pervasive). A grievance
complaint against Coan was also filed concurrently with the subject action and held in
abeyance pending resolution of the action which was illegally dismissed without any
supporting law and in contravention of the Order of The Honorable Robert N. Chatigny,
Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the
referenced documents as filed. (Owing to the damage to the financial interests of both the
U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims Act probably would apply and I would absent
resolution seek to refer the within to a firm with expertise in that area of the law with
which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office
in New Haven is probably the best and most concise summary of the case RICO Summary
to FBI Under Penalty of Perjury at Their Request (5 pages)
[ [Link]
[Link] ].

The correspondence I received from the Congresswoman by way of email attachment

(apparent but typical problem with my mail) along with my response thereto is included on
the 3 disks as [Link] . With regard to the calls to the FBI’s LA
and New Haven, CT offices: There was one call to the LA office and I was referred to the
Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as indicative
of same (he was transferred from said office within approximately a month of said meeting
and his location was not disclosed to me upon inquiry). The matter was assigned to FBI
Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to
which he registered disbelief and requested I prove it, which I did – he served 12 years in
prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation –
Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of

information including evidence supporting the claims set forth in the RICO VERIFIED
COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,

13. A judgment had been entered in my favor in the case, United States District Court
Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in
excess of $300,000 remains unaccounted for and which could be used for payment to
creditors, Los Angeles, etc..
14. Counsel Robert Sullivan on my behalf documented by way of certification upon
investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false
statement he predicated a retaliatory and spurious contempt proceeding against me
 causing substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings.
15. The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant
Coan’s failure to file anything whatsoever by the court’s deadline causing creditors
and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s
Failure to File Page 1 Page 2 ]
16. Defendant Coan had filed an action against me to prevent me from suing him which
necessitated me to fly to Connecticut for a hearing before The Honorable Robert N.
Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s
requested relief as to Coan but precluded my action against Shiff (although there is
no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a
case under Title 11, USC, etc.) . [ transcript in pertinent part -
[Link] ]
17. Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was
assigned the RICO case despite the conflict of interest in light of hundreds of
thousands of dollars of illegal (drug) money being laundered through the Trump
casinos by the RICO defendants, and despite my motion to recuse her which motion
she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met
personally refused to join or file a separate motion to recuse and not long thereafter
left said office for private practice at Cole, Shotz, et als on retainer with the RICO
defendants as his primary client.
18. Probative and evidentiary documents, affidavits, exhibits, including those turned
over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S.
Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office
in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with the
office, that the file/documents could not be located, and that there was no further
information available concerning contacting him or his location. I thereupon
delivered by hand, copies of said documents to the office of then U.S. Attorney Alito,
addressed to him, with assurance they would go directly to him. In addition to being
inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on
purpose?) since I was suing some mob-connected under RICO and the court (I had
known / previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20
mob defendants (rather than prosecute one or a few to flip them first) who feigning
illness had beds/cots in the courtroom along with their moans during testimony and
had the jury in stitches. As much as I hate the mob, it truly was funny, if not so
tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a
reasonable (but still rather short) time I called to determine the status and was told
that Alito was no longer with the Office of the U.S. Attorney, that he was
(appointed) a federal judge, and that neither the documents nor any file or record of
same could be located. Alito did parley the same / cover-up into quid pro quo direct
lifetime appointment to the Court of Appeals, 3rd circuit, despite the absence of
judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry
 as well). This is the same Sam Alito that now sits on the purported highest court in
the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal scenario,
which should be resolved in accordance with the meaningful rules of law apposite
thereto.

Sincerely,

Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater non-
performance / worsening by their ‘fix’ so cell phone best for contact).
] Group of law professors' appeal comes after controversies involving travel and
appearances at political events by several justices.

Why your local Hospital could soon shut down (Ad)

[Link] [ The
instant video from Stansberry and Associates is so well researched and
succinctly presented that I’ve archived same on my website; also, because the
facts and views presented comport with the facts and views I’ve presented on my
site which I believe to be correct. This is a must-view, must-see that I strongly
recommend!
The complete url: [Link]
( 146mb – approx. 1 hr. 17 min. )
[Link] ( 374mb )
Written text of presentation (without pictures / charts)
[Link] ]

] Higher down payments could be demanded by lenders, and the availability of

long-term mortgages with fixed interest rates could be curtailed.
Disaster in Japan threatens recession recovery (Washington Post) [ Recovery? …
Dreamin’ … and, we’re way past the ‘straw broke the camel’s back’ … we’re really
talkin’ about final nails in the coffin … This is the grim economic reality [
[Link] ]. This manipulated bubble in this secular
bear market based on b*** s*** alone is an especially great opportunity to sell /
take profits while you can since there's much worse to come! What Can the
Great Depression Teach Us About Our Great Recession? Chartprophet ‘Is the
massive market rally of the past two years just a temporary recovery that has
tricked many investors to jump back into stocks right before the next plunge?
And how can the Great Depression reveal what may happen to the markets this
year, almost 80 years later?As we enter the third year of what has been a very
impressive "bull" market, many are left wondering whether this incredible run of
as much as 100 percent on the S&P 500 can continue - and for how long. Yet
while the economy seems to have rebounded very strongly off of its early 2009
lows, accompanied by improving fundamentals, increased company earnings,
and a more optimistic consumer, many investors fail to at least consider the
thought that this entire "recovery" could, in fact, be just an extreme overreaction
to the 2008 market crash. In other words, the huge rally we have seen in the
global stock markets since early 2009 could be just a temporary recovery and
pause before the next - and possibly worse - market decline.

It was less than a year ago that the fear of an economic "double dip" - a plunge
back down to recession - intensely gripped the markets. The "flash crash", BP oil
spill, European troubles, high unemployment, and potential derailment of the
economy all posed a severe threat to the viability of our recovery. Yet while many
parts of the economy seem to have been improving, there are still so many issues
surfacing daily that most of the world is basically ignoring. I am not saying that
all these issues are guaranteed to pull us back into recession, but with such a
huge rebound in stocks accompanied by so many potential derailers, it may not
be so far-fetched to at least consider the possibilities of the tremendous
upcoming turmoil.

The issues now: huge government debt, credit crisis, European troubles, high
insider selling, Middle East turmoil, surging oil prices that threaten to hurt the
economy, soaring commodity prices, surfacing inflation, uncertainty about the
Fed's QE2 and QE3, billions of dollars of toxic assets on the balance sheets of
many banks, emerging market weakness since the end of 2010, real estate
bubbles from China to Singapore, rationalization of fundamentals and a strong
complacency that things will continue to be just as positive as they have been, a
very slowly-improving unemployment picture, and perhaps one of the most
telling points - the average investor is finally getting back in, and maybe right at
the end of the rally.
So why should investors at least consider the possibility of a "double dip"? What
are the potential scenarios if this tremendous market rally was, in fact, a "fool's
rally"? And what can the Great Depression teach us about our current situation?

First, we must understand what a "fool's rally" is:

Otherwise known as a "Dead Dog Bounce," the fool's rally is a corrective bounce
or temporary rebound that follows a severe decline in an individual stock or
broader market. Following a severe decline, stocks and markets can sometimes
see sharp bounces off of the lows as a rapid overreaction to the downside is
followed by an overreactive bounce to the upside. In other words, a market
crashes quickly and sharply but rebounds temporarily as much of the bad news
takes some time to fully sink in.

This phenomenon is has been termed the "Dead Dog Bounce," based on the
statement that "even a dead dog will bounce" if dropped from high enough.
Here's an image of what this looks like:
[picture]
The Dead Dog Bounce is just a temporary recovery, however. The scenario is as
follows: 1) the market drops sharply; 2) after an extreme downturn, the market
recovers as some investors buy up what they consider to be "value"; 3) the
market cannot make it all the way back up to where it started its down move,
however, because the economy is nowhere near as healthy as it was; 4) the
investors who have pulled their money out of the stock market or who have
missed the recovery now jump back in, thinking the market is going back up; 5)
since this has been a dead dog bounce, and therefore just a corrective rebound
before the dead dog falls back down, many investors were tricked into thinking
the recovery was underway - but the market enters the next phase of decline or
recession. A double dip takes place.

Think of a tennis ball dropped from the top of a building: as it drops, it gains
momentum, hits the ground, and bounces up - but the bounce can not be as high
as its original point. And following that bounce, it will ultimately be pulled back
down by gravity. So too the Dead Dog Bounce - the market drops from above,
falls sharply, hits the "ground," bounces back up (but not as high), and ultimately
falls back down.

[picture]

I bring the Great Depression up because it is one of the best examples of a Dead
Dog Bounce. We often think of the Crash of 1929 as the biggest event of the Great
Depression, and perhaps also consider it to be the biggest drop in the market.
But that actually wasn't the case.

Here's how the Dead Dog Bounce played out in the Great Depression:
click to enlarge
[chart]
Following 17 years of sideways movement beginning, the market finally
embarked on an uptrend from 1921 to the ultimate peak of 1929.

Compare the above chart to what we have recently seen in our market:
[chart]
Like the Dow from 1904 to 1921, the Dow of 1960 to 1983 was also stuck in a long
sideways trend. It eventually broke out above the 1,000 level in 1983 and began
one of the greatest bull markets we have ever seen. Like the 1929 top before the
Great Depression, the 2007 peak marked the top before the Great Recession we
find ourselves in. The two charts above look eerily similar, and make dismissing
the relationship between the Great Depression and Great Recession almost a
fool's move.

Now take a look at the 1929 stock market crash:

[chart]
After reaching a peak of 380+, the Dow tumbled to under 200 as the Crash of 1929
sent markets into a free-fall. Following the Crash, a Dead Dog Bounce took place -
raising the market approximately 50 percent.

Compare the 1929-1930 Crash-Dead Dog Bounce scenario with what we have just
seen:
[chart]
After a bull market from 2003 to the end of 2007, the Dow reached a peak of over
14,000. As the housing market collapsed, so did the stock market - sending the
Dow below 6,500. As in the Dow of 1929-1930, a potential Dead Dog Bounce has
followed since 2009 and continues until today.

The question remains - what followed the Dead Dog Bounce of 1929-1930, and
will our market follow the same course?

Here's how it played out in 1930:

[chart]
The Crash of 1929 was almost negligible in comparison to the Great Depression
that followed. The Crash sent the Dow tumbling from 380 to 200, and was
followed by a Dead Dog Bounce which recovered over 50 percent of the Crash;
but the real damage was done beginning in April 1930 and lasting until late 1932 -
where the Dow toppled from nearly 300 to less than 50 - a loss of over 83 percent.

The Dead Dog Bounce in 1929 and 1930 was just a corrective overreaction to the
steep plunge that the Crash of 1929 brought to the market. But as we can see, the
Crash and the ensuing bounce were nothing compared to the huge drop that
followed and carried through until the end of the Great Depression.
We now find ourselves in perhaps a similar situation - a market that saw a very
impressive bull run for years, and reached a lofty top followed by a severe
downturn in 2008 and early 2009. It has since shown signs of improving, and
many investors and economists are optimistic for the future - thinking the worst
is behind us. But with so many negative and potentially devastating issues
constantly surfacing, are we just in the middle of a Dead Dog Bounce before
reality sets in and the market plunges back down into recession? I do not yet
know the answer to that question. But with the very strong similarities between
our market and that of the Great Depression, it would be very wise to at least pay
attention.

[picture]

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate

any positions within the next 72 hours.’

] The earthquake and tsunami in Japan struck an area that

accounts for only a small fraction of the country's
economic activity, but damage could still run into the
tens of billions of dollars.

Japan reeling after quake (Washington Post) [ Japan reeling, wall street rallying?
… What’s wrong that picture? … Hello! … earth to wall street, reality calling
… Can’t be good for oil prices, or the debt market (for u.s.) for starters …
Who, Besides Ben Bernanke, Wants to Buy (u.s.) Bonds? [ Well, PIMCO just
voted with their feet (they’re out of them) … Japansunami will preclude same
(note: despite the dire implications for defacto bankrupt america owing to
their costly reconstruction preoccupation … market suckers’ rally anyway to
keep investors suckered and from getting any rational selling ideas over the
weakend … you can do such things, especially into the close, with those
computerized high frequency trade programs which are great for generating
commissions from the old ‘in-out, in-out’, and then some … these days like
last crash / crisis are made for such frauds.) … don’t go looking to china to
take more baths, especially with that recent trade deficit of theirs. The
answer is no-one! And, one can begin to see the fed’s reluctance to alow
proper scrutiny of their books; beyond their complicity in the massive wall
street frauds, cashed out with their help, there’s the worthless ‘paper on
 paper’ debacle just around the corner. ] A bulldozing tsunami leaves the
country bracing for an epic humanitarian disaster.

Go to following pages for above links:

[Link]
[Link]
[Link]
[Link]
[Link]

You may post a comment on my blog on any topic:

[Link]

Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global
stock markets, including China, Brazil, India and Hong Kong, have been in fairly
significant corrections since November, down between 12% and 17%. Their major
concerns have been rising inflation and the resulting monetary tightening by their
central banks to combat the inflationary pressures...So was this week’s stumble
the beginning of a more serious correction? The events and reports this week did
provide more evidence that the stock market may be ahead of reality regarding
prospects for the economy, and therefore corporate earnings, going forward,
which should at least limit the market’s upside potential. Limited upside potential
equals more downside risk? It might be wise to lighten up some into strength that
may develop over the next few days during the ‘monthly strength period.’

BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To
New Lows Blodget ‘Investors have gotten wildly bullish of late, as the bull market
that started in early 2009 keeps driving stocks to new highs. But the pigs are
about to get slaughtered, says Bob Prechter, president of Elliott Wave
International and editor of the Elliott Wave Theorist. Prechter still thinks the new
bull market is just a cyclical "retracement" of some of the bear market losses that
we've had since the market crashed in 2008. Prechter expected this retracement
to drive stocks 50% above the market lows, but stocks have since soared 30%
higher than than he expected. So when the day of reckoning comes, Prechter
thinks, it will be even more startling. And Prechter still thinks that stocks will
eventually crash to new bear-market lows (read: below 6,800 on the DOW). What
makes Prechter think this day of reckoning may come sooner rather than later?
Sentiment indicators and other technical analysis. Investor bullishness has now
gotten so extreme, Prechter says, that it has exceeded the levels in 2008 before
the market crashed. Investors could still get even more bullish, of course, but
eventually they'll pay for this optimism. And Prechter's not just bearish on
stocks: He thinks oil, silver, and other commodities are absurdly overvalued, too.
The only thing he's bullish on is the dollar. And lest he be dismissed as a perma-
bear, Bob Prechter is quick to add that he hopes there will come a day when he
can come on the show and tell everyone that stocks are finally so crushed and
hated that it's a historic opportunity to buy them. When will that be? Stay
tuned...’ The Case for a Bear Market for Stocks Suttmeier ‘In making a bearish call
on the U.S. stock market, I base it on both fundamental and technical factors. The
fundamentals show that stocks are overvalued and we have had three ValuEngine
Valuation Warnings so far this year. The January warning was ignored by the
market but so far stocks peaked with the warning issued on February 18 and re-
iterated on March 3. During this period we have seen many days where all 16
sectors have been overvalued, with eight to 11 by double-digit percentages.
Today 63.8% of all stocks are overvalued, and all 16 sectors are overvalued, 11 by
double-digit percentages…’

Ellen Bente Oliver ‘Salary of House/Senate...$174,000. Salary of Speaker of

House...$223,500. Salary of Majority/Minority Leaders...$193,400. Average US
Salary...$33,000 to $77,000. Maybe our elected officials should make an average
salary too...It's a time of sacrifice after all...Pass along, post on your own page if
you agree…’

World's richest are almost $1 trillion richer [ And the other 95% trillions poorer. ]

Utilities Are Warning the Correction Is Here Gayed ‘The utilities sector (IDU) may
not be the most fascinating sector of the market to watch, but in many ways can
be one of the most important. Legendary technical analyst Edson Gould, known
for being one of the best market timers of all time, believed that the performance
of utilities was an early indicator for broad market movements. He noted often
times that when utilities performed exceptionally well, within a short period of
time, markets would experience a period of volatility and declining prices…’

2 Years After the Bottom, the 'Smart Money' Is Selling: "It's a Bit Late to Go
Long," Nenner Says Nenner ‘Wednesday's two-year anniversary of the start of the
bull market proved anticlimactic as major averages fell slightly. The selling
picked up steam early Thursday as renewed concerns about Europe's debt crisis
offset any positive impact of falling oil prices.

In recent trading, the Dow and S&P were down about 1.3% each while the Nasdaq
was off 1.5%.

Such lackluster action is likely to continue in the near term, followed by

something much worse for the bulls, according to cycle watcher Charles Nenner
of the Charles Nenner Research Center.

"I think it's a bit late to go long," Nenner says, suggesting investors should not
expect much more upside from stocks. For the near-term, Nenner expects the
market to remain within a trading range between 1307 and 1356 on the S&P 500.
(The S&P fell below 1307 early Thursday; a close below that level would mean
"big trouble," Nenner says in the accompanying video, taped Wednesday
afternoon.)

"We don't intend to go short right now," he says...with "right now" being the
operative term.

Looking further out, Nenner is sticking with a forecast of "Dow 5000" over the
next three years, a call based partially on his view that deflation remains the
primary threat, not inflation. (See: Deflationary Hurricane Will Slam Into U.S.
Economy, Charles Nenner Says)

"I would challenge people: ‘how do you get to inflation?'," he says, suggesting
wage pressures are the key determinant, not food or energy prices or even Fed
policy. "What's clear is that wage demands lead to inflation; people want higher
wages and then you get an upside spiral," Nenner says. "People are still happy
they have a job, so I don't see any wage inflation, so it means there's no inflation"
-- at least not in Europe and the U.S.

The Price of Prognostication

A former market-timing consultant at Goldman Sachs, Nenner has been lauded

here and other venues for some of his prescient calls in recent years, most
notably:

• -- Forecasting a Dow peak of 14,500 in the summer of 2006.

• -- Predicting a "substantial drop" in housing in Aug. 2006.
• -- Calling the market top in October 2007.
• -- Forecasting in late 2007 a "deflation scare" would occur in 2008.
• -- In February 2009, predicted a major rally would start "in a few weeks" and
could take the S&P as high as 1000.
But Nenner has had his share of clunkers too, including a forecast here that 2010
would be a grim year for both the economy and the markets. In April 2008 on
CNBC, he was bullish about the second half of the year and predicted a return to
old highs.
Hopefully Nenner's "Dow 5000" call will be similarly misplaced.
I point out these gaffes not to embarrass or make fun, but to remind viewers that
to err is human and everything you see/hear should be taken with a grain of
salt...assuming you're not already.
Aaron Task is the host of Tech Ticker. You can follow him on Twitter at @atask or
email him at altask@[Link]’

Stocks for Brave Adults Only: Dave's Daily ‘Stock rallied in the afternoon led by
oversold conditions and that's about it. You could argue those that could lifted
some indexes over the breached 50-day moving average. But, with the NYMO at a
-70 reading yesterday markets became quickly short-term oversold. Now many
wondered with the catastrophe in Japan, U.S. stocks should not have risen. This
is understandable and I got a lot of mail about this, but perversely, it may have
been more important the Saudi Day of Rage was a nonevent--just ask Prince
Alwaleed. Moreover, imagine the amount of reconstruction spending that follows
these disasters. Bulls also felt the poor data Friday might lead to more QE from
the Uncle Sugar. Markets can often be hard to understand and be hard-hearted at
the same time. Retail Sales were okay but you have to wonder about it as "old
news" while Michigan Consumer Sentiment dropped substantially. My favorite
Fed official, William "have some Kool Aid" Dudley, got trashed as he tried to
explain the "no inflation meme" to a crowd in Queens. It's pretty hilarious how he
was called out…’

Modest Stock Gains During Friday Trading, But Losses for Week Midnight
Trader ‘4:08 PM, Mar 11, 2011 -

• NYSE up 55.56 (+0.7%) to 8,255.63

• DJIA up 59.79 (+0.5%) to 12,044
• S&P 500 up 9.17 (+0.7%) to 1,304
• Nasdaq up 14.59 (+0.5%) to 2,716

GLOBAL SENTIMENT

• Hang Seng down 1.55%

 • Nikkei down 1.72%
• FTSE down 0.28%

Sneaky Banks to Lay Foundation for Their Own Collapse

Welfare State: Handouts Make Up One-Third of U.S. Wages CNBC | Government

payouts make up more than a third of total wages and salaries of the U.S.
population.

Will The Japanese Earthquake Be The Straw That Breaks Europe’s Back? Zero
Hedge | Japan will have no choice but to launch a mini round of Quantitative
Easing. If an earthquake flips its wings in Japan, does the Eurozone go bankrupt,
especially in the month when its most insolvent countries face billions in debt
rollover requirements, tens of billions in maturity funding needs, even more in
deficit funding requirements… and no cash?

Are The Prophets Of Doom Right About Major War, $200 Oil, $2000 Gold And Dow
5000 By The End Of 2012? Are the “prophets of doom” right? Is a major war
going to erupt in the Middle East? Is the price of oil going to $200 a barrel?
Is the price of gold going to hit $2000 at some point over the next two years?

Adjusted Monetary Base: Up, Up And Away Shortly Zero Hedge will present our
quarterly analysis of the liabilities held by the shadow banking system.

National / World

Chilling Account of Big Brother Society [Link] | Author Mark Dice details
horrific scope of technological control grid.

Japanese Nuclear Meltdown Would Be Hundreds of Times Worse Than Chernobyl

Kurt Nimmo | Radiation levels inside Fukushima Daiichi nuclear power plant
are 1,000 times normal levels.
Justice Department: TSA Has Authority To Literally Strip Search People Steve
Watson | Naked body scanners court case underway, throws up disturbing
precedents

Global Warming Did Not Cause The Japanese Earthquake Paul Joseph Watson |
BBC reporter spouts lies about “disappearing” South Pacific island to imply
man-made climate change connection to devastating tsunami.

Videos Document Horrific Japanese Earthquake [Link] | The earthquake is

one of the largest ever recorded.

Japan scrambles to avert radiation crisis at nuclear plant Reuters | Thousands of

residents were evacuated from an area around a nuclear plant.

Huge tsunami kills hundreds in Japan, sweeps across Pacific Reuters | The
biggest earthquake on record to hit Japan rocked its northeast coast on Friday.

Saudi Security Forces Flood Streets to Stop ‘Day of Rage’ Mail Online | Moderate
Sunni Islamists and Shi’ite Muslims have joined forces to demand political
change.

A Perfect Storm of GMOs, Chemicals and Cancer Rady Ananda | Several books
lay out the framework for and evidence of a concerted effort to sicken and then
treat humanity, while earning obscene profits.

Guatemalans to sue US government for secretly infecting them with syphilis

Natural News | The US government deliberately infected roughly 700
Guatemalans with syphilis.

Second Japanese Nuclear Plant In Peril As Thousands Evacuated Japanese

authorities on Saturday were racing to find ways to deliver new backup
 generators or batteries to a nuclear power reactor whose cooling facilities
were crippled by a loss of power caused by the deadly earthquake and
tsunami that hit Japan on Friday afternoon.

Global Warming Did Not Cause The Japanese Earthquake Just hours after the
horrific earthquake and tsunami devastated coastal areas of Japan, global
warming alarmists like the BBC are already injecting climate change
propaganda into their coverage of the story, hastily exploiting the tragedy as
a vehicle through which to push their increasingly desperate and discredited
enviro-fascist agenda.

Justice Department: TSA Has Authority To Literally Strip Search People A

government attorney has told federal appeals court judges that the
Department of Homeland Security has the authority to literally strip search
Americans inside airports if it determines that is the correct course of action
to deal with “ever-evolving threats”.

REPORT: 88,000 People Are Missing In Japan Heartbreaking: While the death toll
remains in the low hundreds right now (officially) it seems sure to spiral
much higher. According to the Kyodo News Agency, via BBC, the official
missing persons tally is around 88,000.

Ron Paul: No-fly Zone Over Libya Would be an Act of War On the House floor
Thursday, Rep. Ron Paul pointed out that imposing a so-called no-fly zone
on Libya would be illegal under international law and an act of war.

Japan Declares Nuclear Emergency After Devastating Earthquake The horrifying

consequences of the biggest earthquake to hit Japan since records began
are only just beginning to be discovered, with the tsunami that followed
causing massive devastation and engulfing cities and airports, leading to
the declaration of a nuclear emergency at the Fukushima No. 1 nuclear plant
after efforts to cool malfunctioning reactor cores failed.
Saudi King Counters Protests With $36 Billion as Tension Mounts As unrest
escalated across the Middle East, activists in Saudi Arabia demanded a
political voice as well. Rather than promises of democracy, they got a $36
billion handout and a slap down from Islamic clerics.

Nato ‘kills cousin of Afghan President Hamid Karzai’ A relative of Afghan

President Hamid Karzai has been mistakenly killed by Nato troops in
southern Afghanistan, officials say.

Drudgereport: THE GREAT QUAKE OF JAPAN... 9.1 MAG CAUSES CHAOS... BBC
LIVE... REUTERS LIVE MAPS, DETAILS... KYODO WIRE... NHK... Hundreds of
bodies found... Thousands Missing, Feared Dead... Dam breaks, washes away
homes... Agency: N American plate snapped upward... HUGE WHIRLPOOL
CREATED... Thousands roam Tokyo streets... Cruise ship, entire train missing...
Japan Rushes to Contain Damage...
'HOURS' TO PREVENT NUKE MELTDOWN
'MAY BE EXPERIENCING NUCLEAR MELTDOWN'
Quake's Magnitude Hiked to 9.1...
Japan scrambles to ease pressure building inside two nuke plants...
...TOKYO POWER says temperatures falling back to normal at Reactor #3
...Meltdown threat remains for Reactor #1
Radiation at 1000X Normal...
LEAK...
Fuel Rods May Have Been Damaged...
Fears of THREE MILE ISLAND repeat...
'No immediate health hazard,' officials say -- while evacuating 45,000...
US Amb. to Japan Warns Americans to Evacuate...
US military DID NOT provide any coolant... Earlier, Hillary Clinton said Air Force
'assets' had been used to do so...
BRUSSELS WEEKEND: Broke euro countries plead for help...
18 GOP senators in Wisc report death threats after union vote...
UNIONS THREATEN BUSINESSES...
Iowa follows suit; House passes collective bargaining bill...
Obama says 'tightening noose' on Gadhafi...
Tripoli protest stamped out...
Berlusconi: West may have miscalculated...
Police flood Saudi capital, preventing 'Day of Rage'...
 Saudi police open fire at protest (Washington Post) [ Time to revoke the
saudi pass to do whatever please owing to their preposterous claim to all
the oil wealth of the entire Saudi nation. 16 miles away, Saudi Arabia's
watchful eye looms over Bahrain unrest (Washington Post) [ I’m sure they
are… with a microscope at that. Saudis Worried Protests Will Hit Home -
saudi arabia; talk about do nothing hypocrites. How does one family claim
ownership of all the oil reserves of a sovereign nation; I suspect only when
foreign corporations say so For the sake of the saudi Arabian people, more
than just protests should come to fruition! ] AFP | Saudi royal warns Arab
world uprisings could cause harm unless they reform. Bahrain authorities
launch surprise attack on protesters [There’s the america and saudi Arabia
effect; far less than democratic and far more deadly in the mideast among
other places; talk about hypocrites. How does one family claim ownership of
all the oil reserves of a sovereign nation as the saudis; time for the saudis to
go the way of dictator Mubarak and take the war criminal americans with
them. ] Los Angeles Times Tear gas canisters bombard sleeping
protesters in Manama's Pearl Square. At least two men are reported killed
Video: Bahrain protesters look to emulate Egypt revolt euronews Riot
Police Attack Bahrain Protesters Voice of America ‘Saudi Arabia sending
troops to Bahrain’ Saudi Arabia is sending troops to Bahrain in a move to
crack down on pro-democracy protesters who took to the streets in the
capital Manama, a political analyst says. [SAUDIS TOLD OBAMA 'NOT TO
HUMILIATE MUBARAK'

NATO troops kill Karzai's cousin in botched raid, Afghans say (Washington Post)
[ ‘All the right moves’. Right, right, right! Righto!…Riiiiight! Winning those
hearts and minds; or as Charlie Sheen would say … duh … winning! Whew!
U.N. alarmed by surge in civilian casualties in Afghanistan (Washington
Post) [ No, gates has already addressed that … minor setbacks, says he …
Turmoil jars U.S. counter-terror efforts (Washington Post) [ Now how does
this come as a surprise to anyone? Beyond america’s propaganda machine,
orwellian england, etc., just how do think the war crimes, invasions,
pillaging and plundering, and killing of innocent children, women, and men
by pervasively corrupt, defacto bankrupt america et als for the sake of the
u.s. military military complex are viewed by the rest of the world, and
particularly the subject region. Euphemistically but realistically speaking,
‘not good’! … Gates says killing of Afghan boys a "setback" (Reuters) [Ah,
yes, riiiiight! … that’s what it is, alright…just a setback…I see. ] Gates: US
military to stay in Afghanistan US Defense Secretary Robert Gates, who is
on a surprise visit to Afghanistan, says the American military should stay in
the conflict-riddled country despite the rising human costs. Violent spring
looming in Afghanistan (Washington Post) [ See … something to look
forward to … must be that good news that keeps getting pushed back … and
 spring no less … everything bombing blooming or in war criminal american-
speak … ‘booming’ … but not the defacto bankrupt american economy for
which a crash is ‘looming’. Could somebody help me out with a translation
of gates’ speech a west point … I must be missing something … Lt. Gen.
John Kelly, who lost son to war, says U.S. largely unaware of sacrifice
(Washington Post) [ I disagree! They are very much aware; as they stand in
unemployment lines, use food stamps to get by, etc.. I hate to sound cavalier
and I’m sorry that Kelly lost a son to war, but along with the multitude of
civilians in the nations unlucky enough to provide a source of corporate
welfare to the military industrial complex and war profiteering for the few (as
warned against by President General Eisenhower), they died for nothing, for
no good reason beyond the false propaganda. Six NATO troops killed in
Afghanistan (Washington Post) [ Is there something wrong with the
following picture? … am I missing something? … Gates's warning: Avoid
land war in Asia, Middle East, and Africa Christian Science Monitor - In a
speech to cadets at the United States Military Academy at West Point,
Gates's message was clear: The US military services, as well as the elected
and appointed civilians who send them to war, need better ways of
foreseeing and preparing for ... Gates Tells US Army to Take New
Approach Voice of America Warning Against Wars Like Iraq and
Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit
late for that in light of pervasively corrupt, defacto bankrupt america’s
consummate decline and fall! If only they had listened and not shot at the
messenger … things could have been different! ] ] American military
officials expect that the Taliban will mount a campaign to regain ground lost
to U.S. troops last year and use suicide bombing teams to strike at those
associated with the Afghan government or coalition forces. ]

Krauthammer: What Social Security trust fund? (Washington Post) [ Fraud? Most
assuredly! But breathtaking, shocking? Come on! Let’s get real here …
paper iou’s (the ‘trust fund’) from pervasively corrupt, defacto bankrupt,
perpetual warster america? I mean, REALLY (as they say on SNL-a
joke)...This is the grim economic reality (
[Link] ). In Senate's debt debate, talk isn't
cheap (Washington Post) [ Oh, but it is cheap! Very cheap relative to the
magnitude of the insurmountable debt … here’s an initial and astute vote of
‘no confidence’ … Drudgereport: World's biggest bond fund dumps all U.S.
debt... Senate still wrangling over spending bill (Washington Post) [ Few
signs of compromise on budget details (Washington Post) [ Come on …
wake up! The cuts they’re quibbling over don’t even cover interest on the
national debt! Timid Tuesday: Is it Safe? Davis ‘… This is how we pay
off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to spend $1Tn
on the military and $1Tn on tax cuts for the top 1% each year). There is no
fixing this and even a Republican said you can’t fool all of the people all of
the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE! ‘ ] Senate leaders delayed until Wednesday
consideration of a bill to fund the government through Sept. .…. Top
Economists: Trust is Necessary for a Stable Economy … But Trust Won’t Be
Restored Until We Prosecute Wall Street Fraud Most policy makers still don’t
understand the urgent need to restore trust in our financial system, or the
need to prosecute Wall Street executives for fraud and other criminal
wrongdoing ….. 'Gang of 6' takes deficit fight to public (Washington Post) [
Riiiight! I like that term, gang, as applied to capital hill. Indeed, without
exaggeration or sarcasm I posit the realistic existence of government mob,
relative to other mob designations as ie., mafia, irish mob, jewish mob, etc.,
based not on what they say they do but on what they actually do. That now
corrupted supreme court of old’s test for obscenity; viz., ‘you know it when
you see it’. And, haven’t we been seeing it for quite some time now; the
corruption, the corruptibility, the lobbyists, the military industrial complex,
the look the other way for the massive frauds on wall street, the bribes in
one form or another before or after the fact? The ‘gangs’ should be
shouldering the burden first, then come asking those who foolishly trusted
them. Why Social Security is welfare (Washington Post) [ What does it
matter what you call it? Part of america’s defacto bankruptcy? Most
assuredly (I haven’t even looked at the Bloomberg propaganda piece which
by its very title is an insult to intelligence; after all, we all know they can
continue to print evermore worthless fiat currency which in reality does not
change the ultimate reality of america’s defacto bankruptcy but merely
exacerbates while forestalling a realistic assessment of the magnitude of the
crisis. The fact is that there are others, culpable in creating this crisis who
should be shouldering the burden first; ie., frauds on wall street via
prosecution, fines, disgorgement; Ellen Bente Oliver ‘Salary of
House/Senate...$174,000. Salary of Speaker of House...$223,500. Salary of
Majority/Minority Leaders...$193,400. Average US Salary...$33,000 to $77,000.
Maybe our elected officials should make an average salary too...It's a time of
sacrifice after all...Pass along, post on your own page if you agree…’ ; SEC
on the hot seat (Washington Post) [ Oooooh! The capital hill hot seat …
shilling for no more than a grilling. House Republicans press SEC on
official's ties to Madoff (Washington Post) [ The ultimate subterfuge. Mr.
small potatoes madoff the focus of so much influence … yet he’s in jail …
and the only one … Boy, did mary shapiro become total b*** s*** fast … the
current shibboleth of capital hill / all 3 branches of pervasively corrupt u.s.
government … joining the others: “The Financial Industry Has Become So
Politically Powerful That It Is Able To Inhibit the Normal Process of Justice
And Law Enforcement” The economy cannot stabilize unless fraud is
prosecuted. But the folks in D.C. seem determined to turn a blind eye to Wall
Street shenanigans, and is now moving to defund the enforcement agencies
like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas
Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Politicians
lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes,
inherited. Their brains are wired that way, warn scientists. Like addicts, they
can’t help themselves. They want to sell stuff, get rich…’ Financialization
and Our Increasingly Unstable Economy Roche ‘I finally got around to
seeing the movie Inside Job, the story behind the credit crisis and winner of
the Academy Award for best documentary. It’s very good and I highly
recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The
movie doesn’t place nearly enough blame on homeowners, but all in all it
does an excellent job of showing how Wall Street and government have
become overrun by deregulation and sheer greed. A combination of flawed
economic theory and greed have combined to create the beast that we now
call a “functioning” economy. The worst part of it all is that President
Obama, who vowed change, has done almost nothing to fix any of it and in
fact continues most of the policies that helped get us here in the first place.
…’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the
unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds
on wall street ( and declares with oscar in hand that not one high level wall
street exec has been prosecuted … despite ‘earning’ billiions from the
fraud ), the commentator / experts recommend getting rid of the corrupt eric
holder ( now what do holder and wobama have in common … is it wall street
money ………… is it a proclivity for jive-talking / b*** s*** ………all of the
above, some of the above ……….. or is it something else …… here’s a hint -
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS
PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional
and personal testimony, an ex-Justice official who quit over the handling of
a voter intimidation case against the New Black Panther Party accused his
former employer of instructing attorneys in the civil rights division to ignore
cases that involve black defendants and white victims ...’ US v. AZ...
Cases against Wall Street lag despite Holder’s vows to target financial fraud
Washington Post | Obama has promised to hold Wall Street accountable for
the meltdown. ) (see this film, I strongly recommend the complete
documentary – the following is a preview/summary)
[Link]

[Here’s an archived version

’Inside Job’ New Documentary Exposes Wall Street Fraud And How Banksters
Continue To Steal Our Money

Web site Link / Path to archived file: [Link]

[45mb ]
[Link] [ 65mb ] ]

Stocks sink amid new economic concerns (Washington Post) [New economic
concerns? I don’t think so! The economic concerns certainly aren’t new: This is
the grim economic reality [ [Link] ]. This
manipulated bubble in this secular bear market based on b*** s*** alone is an
especially great opportunity to sell / take profits while you can since there's much
worse to come!But that money/prosperity’s truly down the crapper and into the
hands of the ‘perps and friends’ … World's richest are almost $1 trillion richer
( And the other 95% trillions poorer.) … There’s never been a mystery here … just
a massive fraud that despite the rhetoric has been purposefully overlooked and
unprosecuted … : “The Financial Industry Has Become So Politically Powerful
That It Is Able To Inhibit the Normal Process of Justice And Law Enforcement”
The economy cannot stabilize unless fraud is prosecuted. But the folks in D.C.
seem determined to turn a blind eye to Wall Street shenanigans, and is now
moving to defund the enforcement agencies like the SEC and CFTC. Market
Crash 2011: It Will Hit by Christmas Farrell, MarketWatch SAN LUIS OBISPO,
Calif. (MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re
not bad, it’s in their genes, inherited. Their brains are wired that way, warn
scientists. Like addicts, they can’t help themselves. They want to sell stuff, get
rich…’ Financialization and Our Increasingly Unstable Economy Roche ‘I finally
got around to seeing the movie Inside Job, the story behind the credit crisis and
winner of the Academy Award for best documentary. It’s very good and I highly
recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The
movie doesn’t place nearly enough blame on homeowners, but all in all it does an
excellent job of showing how Wall Street and government have become overrun
by deregulation and sheer greed. A combination of flawed economic theory and
greed have combined to create the beast that we now call a “functioning”
economy. The worst part of it all is that President Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the policies
that helped get us here in the first place. …’ ‘INSIDE JOB’ Ferguson wins Oscar
for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not
one high level wall street exec has been prosecuted … despite ‘earning’ billiions
from the fraud ), the commentator / experts recommend getting rid of the corrupt
eric holder ( now what do holder and wobama have in common … is it wall street
money ………… is it a proclivity for jive-talking / b*** s*** ………all of the above,
some of the above ……….. or is it something else …… here’s a hint - UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO
PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal
testimony, an ex-Justice official who quit over the handling of a voter intimidation
case against the New Black Panther Party accused his former employer of
instructing attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ...’ US v. AZ... Cases against Wall Street lag
despite Holder’s vows to target financial fraud Washington Post | Obama has
promised to hold Wall Street accountable for the meltdown. ) (see this film, I
strongly recommend the complete documentary – the following is a
preview/summary) [Link]

[Here’s an archived version

’Inside Job’ New Documentary Exposes Wall Street Fraud And How Banksters
Continue To Steal Our Money

Web site Link / Path to archived file: [Link]

[45mb ]
[Link] [ 65mb ] ]

] Official opens an investigation into allegations that the agency mishandled

potential conflicts of interest in its response to Madoff's Ponzi scheme.

Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global
stock markets, including China, Brazil, India and Hong Kong, have been in fairly
significant corrections since November, down between 12% and 17%. Their major
concerns have been rising inflation and the resulting monetary tightening by their
central banks to combat the inflationary pressures...So was this week’s stumble
the beginning of a more serious correction? The events and reports this week did
provide more evidence that the stock market may be ahead of reality regarding
prospects for the economy, and therefore corporate earnings, going forward,
which should at least limit the market’s upside potential. Limited upside potential
equals more downside risk? It might be wise to lighten up some into strength that
may develop over the next few days during the ‘monthly strength period.’
BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To
New Lows Blodget ‘Investors have gotten wildly bullish of late, as the bull market
that started in early 2009 keeps driving stocks to new highs. But the pigs are
about to get slaughtered, says Bob Prechter, president of Elliott Wave
International and editor of the Elliott Wave Theorist. Prechter still thinks the new
bull market is just a cyclical "retracement" of some of the bear market losses that
we've had since the market crashed in 2008. Prechter expected this retracement
to drive stocks 50% above the market lows, but stocks have since soared 30%
higher than than he expected. So when the day of reckoning comes, Prechter
thinks, it will be even more startling. And Prechter still thinks that stocks will
eventually crash to new bear-market lows (read: below 6,800 on the DOW). What
makes Prechter think this day of reckoning may come sooner rather than later?
Sentiment indicators and other technical analysis. Investor bullishness has now
gotten so extreme, Prechter says, that it has exceeded the levels in 2008 before
the market crashed. Investors could still get even more bullish, of course, but
eventually they'll pay for this optimism. And Prechter's not just bearish on
stocks: He thinks oil, silver, and other commodities are absurdly overvalued, too.
The only thing he's bullish on is the dollar. And lest he be dismissed as a perma-
bear, Bob Prechter is quick to add that he hopes there will come a day when he
can come on the show and tell everyone that stocks are finally so crushed and
hated that it's a historic opportunity to buy them. When will that be? Stay
tuned...’ The Case for a Bear Market for Stocks Suttmeier ‘In making a bearish call
on the U.S. stock market, I base it on both fundamental and technical factors. The
fundamentals show that stocks are overvalued and we have had three ValuEngine
Valuation Warnings so far this year. The January warning was ignored by the
market but so far stocks peaked with the warning issued on February 18 and re-
iterated on March 3. During this period we have seen many days where all 16
sectors have been overvalued, with eight to 11 by double-digit percentages.
Today 63.8% of all stocks are overvalued, and all 16 sectors are overvalued, 11 by
double-digit percentages…’

Ellen Bente Oliver ‘Salary of House/Senate...$174,000. Salary of Speaker of

House...$223,500. Salary of Majority/Minority Leaders...$193,400. Average US
Salary...$33,000 to $77,000. Maybe our elected officials should make an average
salary too...It's a time of sacrifice after all...Pass along, post on your own page if
you agree…’
Utilities Are Warning the Correction Is Here Gayed ‘The utilities sector (IDU) may
not be the most fascinating sector of the market to watch, but in many ways can
be one of the most important. Legendary technical analyst Edson Gould, known
for being one of the best market timers of all time, believed that the performance
of utilities was an early indicator for broad market movements. He noted often
times that when utilities performed exceptionally well, within a short period of
time, markets would experience a period of volatility and declining prices…’

2 Years After the Bottom, the 'Smart Money' Is Selling: "It's a Bit Late to Go
Long," Nenner Says Nenner ‘Wednesday's two-year anniversary of the start of the
bull market proved anticlimactic as major averages fell slightly. The selling
picked up steam early Thursday as renewed concerns about Europe's debt crisis
offset any positive impact of falling oil prices.

In recent trading, the Dow and S&P were down about 1.3% each while the Nasdaq
was off 1.5%.

Such lackluster action is likely to continue in the near term, followed by

something much worse for the bulls, according to cycle watcher Charles Nenner
of the Charles Nenner Research Center.

"I think it's a bit late to go long," Nenner says, suggesting investors should not
expect much more upside from stocks. For the near-term, Nenner expects the
market to remain within a trading range between 1307 and 1356 on the S&P 500.
(The S&P fell below 1307 early Thursday; a close below that level would mean
"big trouble," Nenner says in the accompanying video, taped Wednesday
afternoon.)

"We don't intend to go short right now," he says...with "right now" being the
operative term.

Looking further out, Nenner is sticking with a forecast of "Dow 5000" over the
next three years, a call based partially on his view that deflation remains the
primary threat, not inflation. (See: Deflationary Hurricane Will Slam Into U.S.
Economy, Charles Nenner Says)

"I would challenge people: ‘how do you get to inflation?'," he says, suggesting
wage pressures are the key determinant, not food or energy prices or even Fed
policy. "What's clear is that wage demands lead to inflation; people want higher
wages and then you get an upside spiral," Nenner says. "People are still happy
they have a job, so I don't see any wage inflation, so it means there's no inflation"
-- at least not in Europe and the U.S.

The Price of Prognostication

A former market-timing consultant at Goldman Sachs, Nenner has been lauded

here and other venues for some of his prescient calls in recent years, most
notably:

• -- Forecasting a Dow peak of 14,500 in the summer of 2006.

• -- Predicting a "substantial drop" in housing in Aug. 2006.
• -- Calling the market top in October 2007.
• -- Forecasting in late 2007 a "deflation scare" would occur in 2008.
• -- In February 2009, predicted a major rally would start "in a few weeks" and
could take the S&P as high as 1000.

But Nenner has had his share of clunkers too, including a forecast here that 2010
would be a grim year for both the economy and the markets. In April 2008 on
CNBC, he was bullish about the second half of the year and predicted a return to
old highs.
Hopefully Nenner's "Dow 5000" call will be similarly misplaced.
I point out these gaffes not to embarrass or make fun, but to remind viewers that
to err is human and everything you see/hear should be taken with a grain of
salt...assuming you're not already.
Aaron Task is the host of Tech Ticker. You can follow him on Twitter at @atask or
email him at altask@[Link]’

Market Thrill Ride Ends Badly: Dave's Daily ‘‘Well, this wasn't very nice. When a
roller coaster is on pause as Wednesday you know something thrilling is coming
next. What spooked the herd anyway? China reported a surprising trade deficit
versus an expected surplus due to oil imports; Spain's credit rating was
downgraded a notch, Japan's GDP growth estimates were cut; Jobless Claims
were higher than expected; shots were fired at Saudi demonstrators; the Libya
situation remains a stalemate while major powers dither; and, there was no
POMO Thursday. Is that what it takes for a stampede? Markets have been
unstable to put it mildly and one of our trusty tech indicators DeMark sequential
counts (not to mention DeMark himself) has indicated "trend exhaustion" for
some time. This is why we've been light save for our Lazy Portfolios. [chart]
Everything was down today save bonds which rallied on a flight to safety. One
might think this ephemeral since "bond daddy" Bill Gross and PIMCO sold all
their holdings and yields can't go "much" lower from here. Despite having data
from WSJ late enough I can't determine if this was a 10/90 day or not; but, it sure
could be. Breadth may was particularly negative and someone no doubt will
chime in with a confirmation or not. As is usually the case for big sell days like
this, stops get hit and volume builds significantly.’

SPY's 25-Minute Tumble Sends ETF Back To January Levels Coleman ‘This
started out as a rocky day as China’s trade woes, European sovereign debt
concerns and sour job numbers in the U.S. sent stocks falling. As reports
emerged of bullets pelting protesters in Saudi Arabia, popular ETFs tracking key
benchmarks [Link] a 25-minute span, the SPDR S&P 500 ETF (SPY) fell
almost 0.9%, erasing its intra-day high. It rallied for about an hour before losing
steam in the last 1.5 hours of the regular session. SPY closed down 1.9% at
$129.94 a share, back to levels not seen since [Link] just as alarming,
the blue chip tracking ETF fell below its 50-day moving average, a key short-term
technical indicator. So did the SPDR Dow Jones Industrial Average ETF (DIA).Now,
all eyes are likely to be focused on on the Fed’s policy setting committee meeting
next Tuesday. If it decides to keep rates low for an extended period, “the risk of
an even deeper pullback increases,” writes Tomi Kilgore in his column today for
Dow Jones [Link] S&P 500 index closed today at 1295.11. Bears should
target the 1225-1230 range, where there was significant resistance from early
November through early December, notes Kilgore. “In addition, the 38.2%
retracement–the first significant retracement level for followers of Fibonacci
numbers–of the rally off the August low of 1040 to the February high of 1344 is at
1228,” he [Link] the same time as SPY was falling, the U.S. Oil Fund (USO)
made a push higher after moving lower in the morning. The ETF’s shares
bounced up on heavy volume in the early afternoon to reach an intra-day high
around $42.10 a share. But it meandered down the rest of the afternoon. USO
closed down 1.6% at $41.40 a share, back to last week’s [Link] SPDR Gold
Trust (GLD) did much the same as USO, jumping in the afternoon only to slide
lower later in the day. But the precious metals ETF did manage a small rally early
in the session to reach $138.72 a share. It finished down 1.2% at $137.77 a share,
taking the fund back to late February levels.’

Stocks Sharply Lower, Dow's 200-Plus Point Drop Deepest Since August
Midnight Trader ‘4:22 PM, Mar 10, 2011 --

• NYSE down 179.37 (-2.1%) to 8,200.07

• DJIA down 228.48 (-1.9%) to 11,985
• S&P 500 down 24.91 (-1.9%) to 1,295
• Nasdaq down 50.70 (-1.8%) to 2,701
GLOBAL SENTIMENT

• Hang Seng down 0.82%

• Nikkei down 1.46%
• FTSE down 1.53%

Reviewing My Reasons to Book Profits Suttmeier ‘In the new millennium I’ve
made some good market timing calls and some not so good calls. In March 2000,
I recommended that investors reduce holdings in NASDAQ stocks by 50%. Then,
between July 2002 and October 2002, I was a major bull, and re-iterated that
bullish call in March 2003 as our troops marched towards Baghdad.
Unfortunately, margin calls forced many of my readers who stayed long to bail-
out at the lows.

In June 2005, I called the summer top for the homebuilders. At the end of 2006, I
called the top for community banks. In March 2007, I called the top for the
regional banks, but was pre-mature on the bearish overall market call, though I
stuck to my guns with a re-iteration all the way into October 2007 when I said that
the Dow would not sustain gains above 14,000. I was a bear until March 2009,
when I called for a 40% to 50% bear market rally.

In 2010, I under-estimated the potential upside to the market, but my stock

selection process of “Buy and Trade” limited the extent of this bad call. Starting
in September 2010, I shifted to a more balanced market outlook looking for Dow
11,235 by election day, on the Republican victory and QE2. My ValuTrader model
portfolio was up 35.2% in 2010, solidly beating the S&P 500. At year end, my call
for 2011 has been a Dow top below 12,600.

Reviewing Reasons to Book Profits:

1. The fundamentals showed that stocks were overvalued and we have had three
ValuEngine valuation warnings when more than 65% of all stocks are overvalued.
The January warning was ignored by the market, but so far stocks peaked with
the warning issued on February 18th and re-iterated on March 3rd. During this
period, we have seen many days where all sixteen sectors have been overvalued,
with eight to eleven by double-digit percentages. The Dow high was 12,391.29 on
February 18th.

2. I believe that the Federal Reserve will allow QE2 to end at the end of June and
that there will be no QE3. At that meeting the FOMC will remove “extended
period” from their statement. The federal funds rate has been zero to 0.25% since
December 16, 2008.
3. The weekly chart for the Dow Industrial Average has been overbought since the
week of October 9, 2010. Momentum needs to fall below 8.0 and the Dow must
have a weekly close below the five-week modified moving average, which ended
last week at 12,017. A negative weekly chart confirms the market top.

4. It will be hard to maintain a bull market with European debt issues, African and
Middle-East political unrest, problems at US state capitals, and inflationary
pressures in China.

5. The housing market remains depressed and community banks remain

stressed.

Key Levels for the Major Equity Averages

• The Dow Industrial Average (12,213) Libya Trading Range: 11,983 to 12,391.
My annual value level is 11,491 with a daily pivot at 12,205, and weekly and
monthly risky levels at 12,483 and 12,741.
• The S&P 500 (1320.0) Libya Trading Range: 1294 to 1344. My quarterly
value level is 1262.5 with a daily pivot at 1317.0, and weekly and monthly
risky levels at 1350.3 and 1381.3.
• The NASDAQ (2752) Libya Trading Range: 2706 to 2840. My monthly value
level is 2629 with a daily pivot at 2745, and weekly, quarterly and monthly
risky levels at 2829, 2853 and 2926.
• The NASDAQ 100 (NDX) (2323) Libya Trading Range: 2285 to 2403. My
monthly value level is 2250 with a daily pivot at 2328, and weekly, quarterly,
and monthly risky levels at 2398, 2438 and 2499.
• Dow Transports (5147) Libya Trading Range: 4918 to 5306. My quarterly
value level is 4671 with weekly, daily and annual pivots at 5052, 5086 and
5179. The Transports closed below its five-week modified moving average
in each of the two weeks with declining momentum, which is a negative
weekly chart profile. A close above this week’s five-week at 5111 shifts the
weekly chart to neutral.
• The Russell 2000 (824.66) Libya Trading Range: 795 to 838. My quarterly
value level is 765.50 with a daily pivot at 816.86, and weekly, daily and
monthly risky levels at 831.09 and 850.79.
• The Philadelphia Semiconductor Index (SOX) (447.94) Libya Trading Range:
439 to 474. My monthly value level is 402.46 with a daily pivot at 436.99, and
monthly and quarterly pivots at 453.89, 458.32 and 465.93, and weekly risky
level at 485.92.

10-Year Note – (3.475) Daily, weekly, annual, and semiannual value levels are
3.544, 3.642, 3.796 and 4.268 with monthly, annual, and semiannual risky levels at,
3.002, 2.690, 2.441, and 2.322.
Comex Gold – ($1429.6) Weekly, annual, quarterly, semiannual and annual value
levels are $1385.4, $1356.5, $1331.3, $1300.6 and $1187.2 with monthly and
quarterly pivots at $1437.7 and $1441.7, and daily and semiannual risky levels at
$1446.3 and $1452.6.
Nymex Crude Oil – ($104.16) Weekly, monthly and semiannual value levels are
$97.78, $96.43, and $87.52 with my annual pivots at $99.91 and $101.92, and
semiannual, daily and quarterly risky levels are $107.14, $107.24 and $110.87.
The Euro – (1.3904) My quarterly value level is 1.3227 with a daily pivot at 1.4040,
and weekly, semiannual and monthly risky levels at 1.4446, 1.4624 and 1.4637.
Daily Dow: (12,213) Annual, quarterly, semiannual, and semiannual value levels
are 11,491, 11,395, 10,959, and 9,449 with a daily pivot at 12,205, and weekly,
monthly and annual risky levels at 12,484, 12,741 and 13,890.’

ETFs React to Jobless Claims and Deficit tlydon@[Link] (Tom Lydon),

On Thursday March 10, 2011, 11:40 am EST ‘Exchange Traded Funds (ETFs)
dropped Thursday, with the bears in control after data showed rising jobless
claims and growing U.S. and Chinese trade deficits.

• The number of people seeking unemployment benefits rose last week. But
the rise comes after applications hit their lowest level in nearly three years
and economists expect further declines as the economy improves.
Applications increased by 26,000 to a seasonally adjusted 397,000 during
the week ended March 5, the Labor Department said Thursday. The four-
week average, a less volatile measure, rose to 392,250. The average fell to
its lowest level since July 2008 two weeks ago. The latest report covers the
week after the Presidents’ Day holiday, when many government offices
were closed. Applications usually rise in weeks following holiday-
shortened weeks. The SPDR Dow Jones Industrial Average
(NYSEArca:DIA) is down 1.5% in morning trading.

• A surge in oil prices helped push imports up at the fastest pace in 18 years
in January, giving the country the largest trade deficit in six months. The
Commerce Department said Thursday the January deficit increased 15.1
percent to $46.3 billion. Exports rose 2.7 percent to an all-time high of
$167.7 billion. But imports rose a faster 5.2 percent to $214.1 billion. That
reflected a big jump in America’s foreign oil bill, underscoring concerns
that surging oil prices could slow the economic recovery. A widening trade
deficit hurts the U.S. economy. When imports outpace exports, more jobs
go to foreign workers than to U.S. workers. The Direxion Daily Energy Bear
3x Shares ETF (NYSEArca:ERY) rose over 9% in early trading.

• Europe’s leading stock markets retreated Thursday as euro zone debt fears
sparked by a credit downgrade to Spain overshadowed news of positive
company earnings, traders said. “Markets are taking another pasting …
mainly on the back of Spain getting downgraded by Moody’s,” said
 Spreadex trader Chris Purdy . The markets are looking at higher oil prices
and the continued concern over European debt. The iShares S&P Europe
350 Index ETF (NYSEArca:IEV) is down approximately 2% today.

• Asian shares declined Thursday as escalating fighting in Libya and China’s

unexpected trade deficit for February sparked a sell-off in the region. The
fall in Shanghai came after the country posted a $7.3 billion trade deficit in
February, compared with expectations of a surplus, as exports and imports
growth slowed sharply, bearing the impact from the Chinese New Year
holidays during the month. “One thing we are more certain about is that
China’s trade surplus is most likely to decline at a faster rate than anyone
expected this year… A much smaller trade surplus means that the external
pressure on yuan appreciation would be less,” said Wei Yao, China
economist at Societe Generale in Hong Kong . iShares FTSE/Xinhua China
25 Index (NYSEArca:FXI) is down this morning about 1.3%.

Gregory A. Clay contributed to this article.’

Deja Vu - Nasdaq Breaks 50 Day Moving Average Trader Mark ‘Let's try this again
- we just had this conversation Monday. The NASDAQ (QQQQ) - yet again - has
broken the 50 day moving average, although today's move is more impressive
than the last occurrences as it was a gap down situation. Hence, no part of
today's range in the index has been above the 50 day moving average. When this
break of support happened early afternoon Monday, the NASDAQ turned on a
dime and rallied 1% in just over 2 hours.

[chart]

(Click charts to expand)

As I state constantly, what matters is the CLOSING price, not the intraday price,
BUT today's action is not looking prone to a 'stick save' situation (late day rally)
as we saw the other times this happened the past few weeks. Hence I would be
quite surprised if 'dip buyers' were bailed out today. As for 'da bears' - they want
to see a close below 2730 on NASDAQ.

The S&P 500 (SPY) has come down to sniff the 50 day moving average as well,
but the NASDAQ has been the indicator of where the bulls charge in the past few
weeks so I'll keep a closer eye there. Obviously a close below 1294 on this index
would be a double whammy. That would be both a close below the 50 day moving
average AND a close below the intraday low of 2 weeks ago.
[chart]

No place for heroes here - I continue to stress caution and de-risking. Remember,
we have major air pockets below these key supports since the rally has been so
vicious and shorts eviscerated for half a year; therefore they are not going to
provide the natural support as in a normal market when they cover.

It is fun to see a 2 way market once again - first time since November.’

Ex-Goldman Sachs Analyst: “Major War” Coming End Of 2012 Paul Joseph Watson
| Massive conflict will prompt stock market collapse, predicts cycle
strategist Nenner.

QE 3 and the Coming Rout Chris Martenson | There’s a scenario that could play
out between May and September.

Oil prices drop before US data, Saudi protests AFP | Traders kept a wary eye
ahead of US data and planned protests in oil kingpin Saudi Arabia.

Faber: Oil will go up ‘ballistically’ if unrest shifts to Saudi Arabia Business

Intelligence Middle East | Marc Faber sees oil prices extending their bull run
despite the 15% run-up this year alone.

Jobless Claims in the U.S. Rose 26,000 Last Week to 397,000 Bloomberg | First-
time claims for jobless benefits rose last week from an almost three-year low.

8 Reasons Why Silver Is the Investment of the Decade If there’s one asset that’s
heated up over the last several months amid tensions in the middle east and
a second round of the Federal Reserve’s quantitative easing, it’s silver.

Should We Be Alarmed That The Biggest Bond Fund In The World Has Dumped
All Of Their U.S. Treasury Bonds? Bill Gross, the manager of the biggest
bond fund in the world, has forgotten more about bonds than most of us will
 ever learn. That is why the big move that PIMCO has just made is so
unsettling.

Bernanke Tries To Explain Why A Ponzi Scheme Is A Perfectly Acceptable

System For Post Civil-War America, Fails The following exchange between
Ben Bernanke and Senator Kirk is a must watch for everyone who wonders
how Ben Bernanke justifies the fact that America is now an open Ponzi
scheme.

Gasoline cost to jump $700 for average household U.S. drivers will pay another
10 cents a gallon for gasoline before the latest jump in wholesale costs is
fully passed on at the pump, and yearly motor fuel costs will rise 28 percent
from last year, the Energy Department said on Wednesday.

National / World

Ex-Goldman Sachs Analyst: “Major War” Coming End Of 2012 Paul Joseph Watson
| Massive conflict will prompt stock market collapse, predicts cycle
strategist Nenner.

Bob Bowman: Star Wars Secrets & Lies Paul Joseph Watson | Former head of SDI
blows the whistle on the militarization of space.

Stealing from Social Security to Pay for Wars and Bailouts Paul Craig Roberts |
The government of the United States does not represent the American
people. It represents the oligarchs.

Doctors Report Bahrain Using Nerve Gas On Demonstrators Kurt Nimmo |

Bahraini PM states the monarchy is permitted to use chemical weapons
against its citizens.
Egyptian Revolution? Globalists Own Both Horses In Two Horse Race Paul
Joseph Watson | Welcome to “democracy,” new world order style.

Ex-Goldman Sachs Analyst: “Major War” Coming End Of 2012 When cycle
forecaster Charles Nenner told the Fox Business network yesterday that the
Dow Jones was set to collapse to the 5,000 level on the back of a “major
war” that will shake the globe at the end of 2012, hosts David Asman and
Elizabeth MacDonald sat in stunned silence.

Oil Trims Losses After Saudi Police Fire On Protesters Crude-oil futures pared
losses Thursday after reports Saudi police opened fire at protesters in the
eastern city of Qatif.

Congressman: TSA “Cooked The Books” To Discourage Use Of Private Security

Contractors In Airports The chairman of the House Transportation and
Infrastructure Committee has charged that the TSA intentionally fixed data
to ensure that federal workers were employed to screen airport passengers,
rather than private contractors.

Two Fresh TSA Gropedown Videos: Pregnant Woman pulled aside, TSA Thugs
Block Man From Filming Wife Being Groped Two new videos taken by
concerned Americans accosted by the TSA in airports. The first shows a
pregnant woman being groped by an officer. The second shows TSA agents
blocking a man from recording TSA agents touching his wife, even after a
supervisor had overruled them and said the man had the right to film.

Bob Bowman: Star Wars Secrets & Lies Robert M. Bowman, a former Director of
Advanced Space Programs Development for the U.S. Air Force in the Ford
and Carter administrations has been targeted with death threats,
government harassment and three tax audits in two years as a consequence
of his bold truth-telling activism, which all started when he blew the whistle
on the fact that Reagan’s Star Wars program was an offensive act of military
 conquest in space and a means of waging aggressive pre-emptive warfare,
disguised as a defensive program.

Saudi police open fire on demonstrators [Link] | Word of the protest

helped drive oil prices back up on international markets.

Qaddafi’s Son Says It’s Time For Full-Scale Military Action Qaddafi’s son Saif Al-
Islam says the time has come for full-scale military action against the rebels,
in an interview with Reuters. While France says Libya’s rebel national
council is the only legitimate representative of the country, and will seek to
engage in targeted airsrtikes.

Three BBC journalists ‘detained and beaten’ in Libya Three BBC journalists were
“detained and beaten” before being subjected to a mock execution while
reporting in battle-torn Libya, the news organisation reported Wednesday.

Drudgereport : SARKOZY, CAMERON TAKE CHARGE ON LIBYA...

HILLARY: U.S. should wait for world to act...
Top U.S. Spy: GADHAFI WILL PREVAIL...
LIBYA BURNS AS NATO SQUABBLES
Ill. Gov. Slaps Tax on Internet Sales...
Targets AMAZON...
Major ad firm threatens to leave state...
Part of growing battle in cash-starved states...
OBAMA: I was bullied…[Maybe that accounts for his precarious mental state and
compulsive need to b*** s***… he’s so pathetic!]...
Michelle Obama Sports $1,000 Handbag… (the wobamas are such jive-tallkers) ...
Gang Rape of 11-Year-Old Girl Sparks Racial Tensions in Texas Town…[ People
are tired of soft-peddling and making up excuses for blacks panthers as with the
holder department of injustice…This is very commonplace in Sub-Saharan Africa.
]...
Gas Prices Up 67% Since Obama President...
Elite journalist club bans CSPAN from covering Obama at posh dinner...
Jesse Jackson: We're 'Going To Escalate The Protests'...
Wisc. lawmakers curb public worker bargaining power...
Pandemonium in Wisc as protesters storm Capitol over union vote...
[ Wis. Senate strips workers' bargaining rights Vote by Republicans bypasses
chamber's missing Democrats (Washington Post) [ Drudgereport: Drudge is
reporting, and I think Charlie Sheen would agree, that in Wisconsin, the GOP is …
duh … winning … and conversely, the dems / unions are … duh … losers, trolls,
etc… just kidding …]
World's biggest bond fund dumps all U.S. debt...
UNIONS LOSE IN WI
WI GOP pushes through union bill...
'ENOUGH IS ENOUGH'...
Gov. Walker applauds...
DEMS SCRAMBLE BACK...
SHOCK: 82% of US schools 'failing'...
Gasoline cost to jump $700 for avg household...
Libya Tanks Move In To Crush Rebel Stronghold...
Carnage in Rebel City...
FOOTAGE: Libyan war plane shot down...
Obama, Cameron discuss plan of action...
Hoyer: No Balanced Budget for 15-20 Years 'We've Dug Such a Deep Hole'...
FLASHBACK: Larger Than Entire 2007 Deficit...
Treasury Draws Down Cash Balance...
FEBRUARY DEFICIT: $223 BILLION
FRESHMAN DEM. SENATOR: OBAMA HAS 'FAILED TO LEAD'...
Mayors to Unions: 'Dire fiscal straits' without 'dramatic' changes...
Anger Brews Over Government Workers' Benefits...
UNREST IN THE MIDWEST: Now Michigan...
WELFARE NATION: ONE-THIRD OF ALL WAGES ARE HANDOUTS...
ROMNEY: Obama Misery Index hits record high...
OPEC VOWS NEW PUMPING...
OIL HOLDS NEAR $105...
Roubini: Will Hit $150...
Sheen: 'I'm really starting to lose my mind'... ‘In what appears to be a 180 degree
turn around from his daily proclamations of having “tiger’s blood” and “Adonis
DNA,” Charlie Sheen admitted “I’m really starting to lose my mind” in the new
issue of “Life & Style.”

U.N. confirms probe into allegations of torture by Gaddafi's forces (Washington

Post) [ Well we all know how effective the u.n. has been in enforcing the
mandate against torture / war crimes in light of their stern rebuke / sanctions
 / action against the u.s. / israel … riiiiight!
[Link] ]

Dispute threatens trade agenda (Washington Post) [ Agenda? What agenda?

Come on! A cursory look at the consistent and persistent trade numbers and
one must conclude that they’d safe some face and be thought of just a wee
bit better than worse than bad if they stated they have no agenda. My
computer is under constant hack-attack and truth be told, I’ll be going linux /
non-windows with my next ‘non-american’ made computer (this dell just
can’t hack the hacks / barrage). Let’s not kid ourselves, there is nothing
‘made in america’ (even most components of ‘domestic’ products are made
overseas) that can’t be made elsewhere better and cheaper except for the
ubiquitous fraud for which pervasively corrupt, defacto bankrupt america
has no peer…

Taxpayers caught in middle of Fannie lawsuit (Washington Post) What could be

worse than taxpayers paying more than $100 million to defend a shareholder-
owned company and its former executives in a private lawsuit? [ What could be
worse? Not prosecuting the massive wall street frauds in the trillions with jail,
fines, and disgorgement the goal.…. Top Economists: Trust is Necessary for a
Stable Economy … But Trust Won’t Be Restored Until We Prosecute Wall Street
Fraud Most policy makers still don’t understand the urgent need to restore trust
in our financial system, or the need to prosecute Wall Street executives for fraud
and other criminal wrongdoing ….. 'Gang of 6' takes deficit fight to public
(Washington Post) [ Riiiight! I like that term, gang, as applied to capital hill.
Indeed, without exaggeration or sarcasm I posit the realistic existence of
government mob, relative to other mob designations as ie., mafia, irish mob,
jewish mob, etc., based not on what they say they do but on what they actually
do. That now corrupted supreme court of old’s test for obscenity; viz., ‘you know
it when you see it’. And, haven’t we been seeing it for quite some time now; the
corruption, the corruptibility, the lobbyists, the military industrial complex, the
look the other way for the massive frauds on wall street, the bribes in one form or
another before or after the fact? The ‘gangs’ should be shouldering the burden
first, then come asking those who foolishly trusted them. Why Social Security is
welfare (Washington Post) [ What does it matter what you call it? Part of
america’s defacto bankruptcy? Most assuredly (I haven’t even looked at the
Bloomberg propaganda piece which by its very title is an insult to intelligence;
after all, we all know they can continue to print evermore worthless fiat currency
which in reality does not change the ultimate reality of america’s defacto
bankruptcy but merely exacerbates while forestalling a realistic assessment of
the magnitude of the crisis. The fact is that there are others, culpable in creating
this crisis who should be shouldering the burden first; ie., frauds on wall street
via prosecution, fines, disgorgement; Ellen Bente Oliver ‘Salary of
House/Senate...$174,000. Salary of Speaker of House...$223,500. Salary of
Majority/Minority Leaders...$193,400. Average US Salary...$33,000 to $77,000.
Maybe our elected officials should make an average salary too...It's a time of
sacrifice after all...Pass along, post on your own page if you agree…’ ; SEC on the
hot seat (Washington Post) [ Oooooh! The capital hill hot seat … shilling for no
more than a grilling. House Republicans press SEC on official's ties to Madoff
(Washington Post) [ The ultimate subterfuge. Mr. small potatoes madoff the focus
of so much influence … yet he’s in jail … and the only one … Boy, did mary
shapiro become total b*** s*** fast … the current shibboleth of capital hill / all 3
branches of pervasively corrupt u.s. government … joining the others: “The
Financial Industry Has Become So Politically Powerful That It Is Able To Inhibit
the Normal Process of Justice And Law Enforcement” The economy cannot
stabilize unless fraud is prosecuted. But the folks in D.C. seem determined to turn
a blind eye to Wall Street shenanigans, and is now moving to defund the
enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by
Christmas Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) —
‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their
genes, inherited. Their brains are wired that way, warn scientists. Like addicts,
they can’t help themselves. They want to sell stuff, get rich…’ Financialization
and Our Increasingly Unstable Economy Roche ‘I finally got around to seeing the
movie Inside Job, the story behind the credit crisis and winner of the Academy
Award for best documentary. It’s very good and I highly recommend it to anyone
who hasn’t seen it. It will certainly infuriate you. The movie doesn’t place nearly
enough blame on homeowners, but all in all it does an excellent job of showing
how Wall Street and government have become overrun by deregulation and sheer
greed. A combination of flawed economic theory and greed have combined to
create the beast that we now call a “functioning” economy. The worst part of it all
is that President Obama, who vowed change, has done almost nothing to fix any
of it and in fact continues most of the policies that helped get us here in the first
place. …’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the
unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on
wall street ( and declares with oscar in hand that not one high level wall street
exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the
commentator / experts recommend getting rid of the corrupt eric holder ( now
what do holder and wobama have in common … is it wall street money …………
is it a proclivity for jive-talking / b*** s*** ………all of the above, some of the above
……….. or is it something else …… here’s a hint - UPDATE: MORE CLAIMS OF
RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN
BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the New
Black Panther Party accused his former employer of instructing attorneys in the
civil rights division to ignore cases that involve black defendants and white
victims ...’ US v. AZ... Cases against Wall Street lag despite Holder’s vows to
target financial fraud Washington Post | Obama has promised to hold Wall Street
accountable for the meltdown. ) (see this film, I strongly recommend the
complete documentary – the following is a preview/summary)
[Link]
[Here’s an archived version

’Inside Job’ New Documentary Exposes Wall Street Fraud And How Banksters
Continue To Steal Our Money

Web site Link / Path to archived file: [Link]

[45mb ]
[Link] [ 65mb ] ]

] Official opens an investigation into allegations that the agency mishandled

potential conflicts of interest in its response to Madoff's Ponzi scheme.

] Here is how I define a welfare program.

] While Washington bickers noisily over cutting a small slice of the federal
budget, Sens. Mark Warner, a Virginia Democrat, and Saxby Chambliss, a
Georgia Republican, launch a campaign to convince the public that merely
cutting spending will do little to tame the $14 trillion national debt.

] A battle over a proposed free-trade agreement with Colombia is undercutting

U.S.'s pact with South Korea

In Senate's debt debate, talk isn't cheap (Washington Post) [ Oh, but it is cheap!
Very cheap relative to the magnitude of the insurmountable debt … here’s an
initial and astute vote of ‘no confidence’ … Drudgereport: World's biggest
bond fund dumps all U.S. debt... Senate still wrangling over spending bill
(Washington Post) [ Few signs of compromise on budget details
(Washington Post) [ Come on … wake up! The cuts they’re quibbling over
don’t even cover interest on the national debt! Timid Tuesday: Is it Safe?
Davis ‘… This is how we pay off our current debts and I think bondholders
are simply happy to get anything out of a country that admits it owes $15Tn
(1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in
the form of unfunded liabilities. The funniest thing about this (and you have
to laugh) is to see Conservative pundits get on TV and talk about how we
need to cut $100Bn worth of discretionary spending to "fix" this (while
 continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING
FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ] Senate leaders delayed until
Wednesday consideration of a bill to fund the government through Sept.

Wis. Senate strips workers' bargaining rights Vote by Republicans bypasses

chamber's missing Democrats (Washington Post) [ Drudgereport: Drudge is
reporting, and I think Charlie Sheen would agree, that in Wisconsin, the GOP is …
duh … winning … and conversely, the dems / unions are … duh … losers, trolls,
etc… just kidding …

Drudgereport: World's biggest bond fund dumps all U.S. debt...

UNIONS LOSE IN WI
WI GOP pushes through union bill...
'ENOUGH IS ENOUGH'...
Gov. Walker applauds...
DEMS SCRAMBLE BACK...
SHOCK: 82% of US schools 'failing'...
Gasoline cost to jump $700 for avg household...
Libya Tanks Move In To Crush Rebel Stronghold...
Carnage in Rebel City...
FOOTAGE: Libyan war plane shot down...
Obama, Cameron discuss plan of action...
Hoyer: No Balanced Budget for 15-20 Years 'We've Dug Such a Deep Hole'...
FLASHBACK: Larger Than Entire 2007 Deficit...
Treasury Draws Down Cash Balance...
FEBRUARY DEFICIT: $223 BILLION
FRESHMAN DEM. SENATOR: OBAMA HAS 'FAILED TO LEAD'...
Mayors to Unions: 'Dire fiscal straits' without 'dramatic' changes...
Anger Brews Over Government Workers' Benefits...
UNREST IN THE MIDWEST: Now Michigan...
WELFARE NATION: ONE-THIRD OF ALL WAGES ARE HANDOUTS...
ROMNEY: Obama Misery Index hits record high...
OPEC VOWS NEW PUMPING...
OIL HOLDS NEAR $105...
Roubini: Will Hit $150...
Sheen: 'I'm really starting to lose my mind'... ‘In what appears to be a 180 degree
turn around from his daily proclamations of having “tiger’s blood” and “Adonis
DNA,” Charlie Sheen admitted “I’m really starting to lose my mind” in the new
issue of “Life & Style.” The recently fired “Two and a Half Men” star also reveals
his desperation to regain custody of his two young twin sons, Bob and Max.
ARTICLE: Charlie Sheen Attacks Jon Cryer.

“She can’t keep them from me,” Sheen says of his estranged wife, Brooke
Mueller. “I won’t let her—I’ll do anything to get them back.”Sheen, 45, who has
made four disturbing live web broadcasts from his compound in Sherman Oaks,
CA, admits that even his lawyer, Marty Singer, has expressed concern about him.

PHOTOS: Charlie Sheen's Long List of Lady Friends.

“My lawyer wants to come over to my house and take the bullets out of my gun,"
he told the magazine.A party pal of Charlie’s tells the magazine, "It's crazy over
here at the house—Charlie's losing it. He's really mad about the show, and
dealing with the kids and Brooke is getting to be too much. Charlie is a ticking
time bomb, and we all fear he could do something drastic like committing suicide
or falling back on hard drugs."

ARTICLE: 'Tiger Blood' Drink Goes On Sale.

Sheen, who appeared on a Beverly Hills rooftop Monday, brandishing a machete,

realizes that his bizarre behavior has many concerned."I'm really trying to contain
myself right now," he said.

ARTICLE: 'Men' Co-Star Is Sheen's Lone Defender.

If that's true, he's not doing a good a job of it, because Sheen widened his list of
targets to include his former "Two and a Half Men" co-star, Jon Cryer, on
[Link] had managed to stay out of the fray during Sheen's fall from grace
at CBS, but his luck ran out.

ARTICLE: Can 'Two and a Half Men' Survive? Just Ask 'Three's Company.'

"Jon has not called me. He's a turncoat, a traitor, a troll. Clearly he's a troll,"
Sheen told E! News. "He issued a statement. Is it gonna take me calling him a
'traitor, juvenile and scared' for him to get it?"Cryer has actually not issued an
official statement since Sheen was fired from the hit CBS sitcom “Two-And-A-Half
Men” on Monday. But he may want to issue one now, because Sheen has not
stopped ranting about his enemies since his dismissal, and once you are on his
crosshairs, it seems you never escape.

ARTICLE: Sheen's Kids Could Be Next on Reality Show.

Tuesday night was the latest case in point, as Sheen blasted his list of hated CBS
executives one by one with yet another nonsensical, barely decipherable scripted
screed on Ustream. "A high treason has occurred. The scales of justice are in a
state of radical disarray. Together we must right this infantile wrong… What
happened yesterday was completely and entirely illegal, unconscionable and to
quote my lawyer 'really shi**y shi**y suck suck'," Sheen, the self-proclaimed
“Malibu Messiah,” said before launching into a strange diatribe in his fourth
"Sheen's Korner" webcast, in which he saved his most savage attacks for
producer Chuck Lorre – calling him everything from a “silly clown,” to “little
worm” and “loser.”

Read more: [Link]

tells-magazine-im-really-starting-to-lose-my-mind/#ixzz1GA8oolSk ‘

Gaddafi forces engage in fierce battle Regime loyalists in Libya mount assaults
to reclaim ground (Washington Post) [ 41 years in power … Hey, when
interviewed by Charlie Sheen on SNL he seemed rather spry …
Sheen's-Korner, [Link] You're either in Sheen's-Korner or you're with the
trolls... [and the big question is which trolls … the pat_trolls, the con_trolls, the
troll_eys, the troll_ups, etc.? ] [Link]
Archived Web Site File: [Link]
Korner,[Link]'reeitherinSheen's-Korneroryou'[Link]
(448mb) (for whatever reason, this file did not open properly in my somewhat
older player and I didn’t have time to download another to determine if the
problem is with the viewer or the file, but will, and will indicate the result here. )

Here’s SNL’s take on the Sheen webcast [ This was the first time I’d seen Miley
Cyrus in anything and I must say she is truly a star, albeit a very precocious one;
this SNL was absolutely hilarious across the board! ]
[Link]

Part of the webcast: [Link]/watch?v=HIx4_t26AAs

With neither side able to muster overwhelming force, the result appeared to be a
bloody stalemate, with the death tolls rising in both east and [Link]
international deliberations come as troops loyal to Gaddafi continue to besiege
the rebel-held city of Zawiyah, 27 miles west of Tripoli.] The vote comes after a
maneuver by GOP members that split the proposal to curtail union rights from
legislation requiring a quorum.
This is the grim economic reality [ [Link] ]. This
manipulated bubble in this secular bear market based on b*** s*** alone is
an especially great opportunity to sell / take profits while you can since
there's much worse to come!

Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global
stock markets, including China, Brazil, India and Hong Kong, have been in fairly
significant corrections since November, down between 12% and 17%. Their major
concerns have been rising inflation and the resulting monetary tightening by their
central banks to combat the inflationary pressures...So was this week’s stumble
the beginning of a more serious correction? The events and reports this week did
provide more evidence that the stock market may be ahead of reality regarding
prospects for the economy, and therefore corporate earnings, going forward,
which should at least limit the market’s upside potential. Limited upside potential
equals more downside risk? It might be wise to lighten up some into strength that
may develop over the next few days during the ‘monthly strength period.’

BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To
New Lows Blodget ‘Investors have gotten wildly bullish of late, as the bull market
that started in early 2009 keeps driving stocks to new highs. But the pigs are
about to get slaughtered, says Bob Prechter, president of Elliott Wave
International and editor of the Elliott Wave Theorist. Prechter still thinks the new
bull market is just a cyclical "retracement" of some of the bear market losses that
we've had since the market crashed in 2008. Prechter expected this retracement
to drive stocks 50% above the market lows, but stocks have since soared 30%
higher than than he expected. So when the day of reckoning comes, Prechter
thinks, it will be even more startling. And Prechter still thinks that stocks will
eventually crash to new bear-market lows (read: below 6,800 on the DOW). What
makes Prechter think this day of reckoning may come sooner rather than later?
Sentiment indicators and other technical analysis. Investor bullishness has now
gotten so extreme, Prechter says, that it has exceeded the levels in 2008 before
the market crashed. Investors could still get even more bullish, of course, but
eventually they'll pay for this optimism. And Prechter's not just bearish on
stocks: He thinks oil, silver, and other commodities are absurdly overvalued, too.
The only thing he's bullish on is the dollar. And lest he be dismissed as a perma-
bear, Bob Prechter is quick to add that he hopes there will come a day when he
can come on the show and tell everyone that stocks are finally so crushed and
hated that it's a historic opportunity to buy them. When will that be? Stay
tuned...’ The Case for a Bear Market for Stocks Suttmeier ‘In making a bearish call
on the U.S. stock market, I base it on both fundamental and technical factors. The
fundamentals show that stocks are overvalued and we have had three ValuEngine
Valuation Warnings so far this year. The January warning was ignored by the
market but so far stocks peaked with the warning issued on February 18 and re-
iterated on March 3. During this period we have seen many days where all 16
sectors have been overvalued, with eight to 11 by double-digit percentages.
Today 63.8% of all stocks are overvalued, and all 16 sectors are overvalued, 11 by
double-digit percentages…’

Ellen Bente Oliver ‘Salary of House/Senate...$174,000. Salary of Speaker of

House...$223,500. Salary of Majority/Minority Leaders...$193,400. Average US
Salary...$33,000 to $77,000. Maybe our elected officials should make an average
salary too...It's a time of sacrifice after all...Pass along, post on your own page if
you agree…’

World's richest are almost $1 trillion richer [ And the other 95% trillions poorer. ]

Utilities Are Warning the Correction Is Here Gayed ‘The utilities sector (IDU) may
not be the most fascinating sector of the market to watch, but in many ways can
be one of the most important. Legendary technical analyst Edson Gould, known
for being one of the best market timers of all time, believed that the performance
of utilities was an early indicator for broad market movements. He noted often
times that when utilities performed exceptionally well, within a short period of
time, markets would experience a period of volatility and declining prices.

The theory behind utilities' performance as it relates to the S&P 500 (IVV) does
have a logic behind it. Because utility companies in general are local monopolies
which have high infrastructure costs, most tend to have high levels of debt and
are thus especially sensitive to intermediate/long-term interest rates. Growth in
revenue is not the primary source of profits, but rather costs are.

What this means is that fundamental investors in utilities would really put money
to work in the sector if they expected interest rates to fall, because that lowered
cost of capital would benefit profits in a substantial way. Thus, the
outperformance of utilities against the broader market is because of expectation
that interest rates fall (the yield curve flattens).

So while the Dow Jones Industrial Average (DIA), the S&P 500 (IVV), and
particularly the Russell 2000 (IWM) have all gone effectively nowhere in price with
high volatility, the utilities sector has consistenly been up more/down less on
those big up and big down days we've been experiencing. Take a look below at
the price ratio of utilities (IDU) to the Dow (DIA). As a reminder, a rising price ratio
means the numerator/IDU is outperforming (up more/down less) the denominator.

Click to enlarge:

[chart]

The message from utilties investors is clear: Expect lower long interest rates in
the near future. And since interest rates and the yield curve are a leading
indicator of the economy and the broad stock market, we may very well be in the
early stages of a correction.’

Market Thrill Ride Continues: Dave's Daily ‘Within most thrill rides there can be a
pause before the next level of excitement whether it's a climb or hitting the next
big drop. Markets Wednesday ran out of steam despite ongoing MENA [Middle
East and North Africa] violence and oil disruptions. Crude oil was fractionally
lower due to an inventory build but that's really old news. Iraqi production was
rumored as halted and Libyan oil is not flowing. Tech remains weak especially
after disasters for fiber optic leaders like FNSR, CIEN and JDSU. Also semi's
remained down and SMH broke its 50 day MA. The Fed wasn't idle as more POMO
was released to Da Boyz who didn't do much with it...yet. As an aside our
contractor stopped by today and was bemoaning gas prices. His wife works for a
local Ford dealer and they had a huge January but now sales have stopped. Such
is the impact of higher fuel prices. Volume came in about average on the day
while breadth per the WSJ was mixed to negative.’

STOCKS SLIDE, TECH HAMMERED, COPPER CRUSHED: Here's What You Need
To Know Weisenthal ‘Yesterday was up, so today was down. That's the way this
market is behaving right now.

But first, the scoreboard:

Dow: -0.38
NASDAQ: -14.73
S&P 500: -1.63
And now, the top stories:

• First, we'll get a note on Libya out of the way. It was basically the same-old
same-old, except with more bombing and fires at oil facilities. No big
movement in one way or another.

• Going back a bit, remember that yesterday was a big up day for stocks.
However, the mood was negative after hours after some ugly numbers form
Finisar and Texas Instruments.

• Overnight, things were fairly quiet, except that Eurozone spreads continue
to blow out.

• Economic news in the US pretty much didn't happen. Bill Gross caused a stir
when it came out that he had completely sold out of US Treasuries, though of
course that was totally in line with what he called for earlier, so it's not a
big shock.

• In the end, tech was the worst loser, thanks to those tech earnings. Copper
got really hammered (quite ominously), and oil even fell a little bit.

• Today was the 2-year anniversary of the 2009 bottom.’

The Case for a Bear Market for Stocks Suttmeier ‘In making a bearish call on the
U.S. stock market, I base it on both fundamental and technical factors. The
fundamentals show that stocks are overvalued and we have had three ValuEngine
Valuation Warnings so far this year. The January warning was ignored by the
market but so far stocks peaked with the warning issued on February 18 and re-
iterated on March 3. During this period we have seen many days where all 16
sectors have been overvalued, with eight to 11 by double-digit percentages.
Today 63.8% of all stocks are overvalued, and all 16 sectors are overvalued, 11 by
double-digit percentages.
ValuEngine provides valuation, forecast, and ratings data for a universe of more than
5,500 stocks. When more than 65% of all stocks are calculated to be overvalued, we
issue a ValuEngine Valuation Warning. We do this because in the past this level of
overvaluation has often been correlated with market corrections and downturns.
Conversely when more than 65% of all stocks are undervalued additional weakness
provides buying opportunities. On March 5, 2009 the percentage of undervalued stocks
reached 91%.
The technical factors ignore the daily charts as timing a cycle high requires confirmation
from the weekly charts and having risky levels from my proprietary analytics to judge
how high markets can go before they top out. Right now the major averages are stuck in
want I call the "Libya Trading Ranges," which are the February 18 highs down to the
February 24 lows. The weekly chart profiles are positive, but overbought for all major
averages except Dow Transports. To confirm a cycle high, all major averages must
have weekly closes below their five-week modified moving averages with weekly
12x3x3 weekly slow stochastic readings declining below 8.0 on a scale of zero to 10.0.
This dynamic is being delayed as the major equity averages straddle their 50-day
simple moving averages. The Dow Industrial Average and S&P 500 have been above
their 50-day since December 1. They're now at 11,967 Dow and 1298.81 S&P 500. The
NASDAQ and NASDAQ 100 have tested their 50-day several times since February 23,
six days for the NASDAQ with the 50-day now at 2742.35 and four days for the
NASDAQ 100 with the 50-day now at 2314.18. The Russell 2000 tested and held its 50-
day on February 22 and February 23 and today the 50-day is 802.42. The Philadelphia
Semiconductor index tested and held its 50-day the past two days at 444.47 and has
been above the 50-day since September 24. Dow Transports has been below its 50-day
since February 22 and has been tested as resistance twice, and closed above 5111
yesterday. A weekly close above the five-week shifts Transports to neutral delaying the
market top.
Key Levels for the Major Equity Averages

• The Dow Industrial Average (12,214) Libya Trading Range: 11,983 to 12,391.
My annual value level is 11,491 with daily, weekly and monthly risky levels at
12,249, 12,483 and 12,741. The five-week modified moving average has been
tested in each of the past three weeks and this week the average is 12,060.
• The S&P 500 (1321.8) Libya Trading Range: 1294 to 1344. My quarterly value
level is 1262.5 with daily, weekly and monthly risky levels at 1331.2, 1350.3 and
1381.3. The five-week modified moving average has been tested in each of the
past three weeks and this week the average is 1307.
• The NASDAQ (2766) Libya Trading Range: 2706 to 2840. My monthly value
level is 2629 with daily, weekly, quarterly and monthly risky levels at 2798, 2829,
2853 and 2926. The NASDAQ traded below its five-week modified moving
average in each of the past three weeks without a weekly close below, and this
week the average is 2755.
• The NASDAQ 100 (2338) Libya Trading Range: 2285 to 2403. My monthly value
level is 2250 with daily, weekly, quarterly, and monthly risky levels at 2370, 2398,
2438 and 2499. The NASDAQ 100 traded below its five-week modified moving
average in each of the past three weeks without a weekly close below, and this
week the average is 2327.
• Dow Transports (5147) Libya Trading Range: 4918 to 5306. My quarterly value
level is 4671 with weekly, daily and annual pivots at 5052, 5119 and 5179. The
Transports closed below its five-week modified moving average in each of the
two weeks with declining momentum, which is a negative weekly chart profile. A
close above this week’s five-week at 5111 shifts the weekly chart to neutral.
• The Russell 2000 (824.66) Libya Trading Range: 795 to 838. My quarterly value
level is 765.50 with weekly, daily and monthly risky levels at 831.09, 835.56 and
850.79. The five-week modified moving average has been tested in each of the
past three weeks and this week the average is 810.47.
 • The Philadelphia Semiconductor Index (447.94) Libya Trading Range: 439 to
474. My monthly value level is 402.46 with a monthly pivot at 453.89, daily and
quarterly pivots at 458.32 and 465.93, and weekly risky level at 485.92. The five-
week modified moving average has been tested in each of the past three weeks
and this week the average is 450.51.

The trading strategy in this environment is what I have been calling "Buy and Trade,"
where you buy weakness to a value level and sell strength to a risky level. Here are the
guidelines.
Buy and Trade Strategies for Long Positions

• Value Level – The price at which you establish an additional long position
on share price weakness. This is done on a GTC Limit Order to buy weakness
to the Value Level.
• Risky Level – The price at which you remove a single long position or
reduce a multiple long position on share price strength. This is done on a
GTC Limit Order to sell strength to the Risky Level.

Buy and Trade Strategies for Short Positions

• Value Level – The price at which you remove a single short position or
reduce a multiple short position on share price weakness. This is done on a
GTC Limit Order to buy weakness to the Value Level.
• Risky Level – The price at which you establish an addition short position
on share price strength. This is done on a GTC Limit Order to sell strength to
the Risky Level.

10-Year Note – (3.542) Weekly, annual, and semiannual value levels are 3.642, 3.796
and 4.268 with a daily pivot at 3.523, and monthly, annual, and semiannual risky levels
at, 3.002, 2.690 and 2.441.
Comex Gold – ($1429.0) Weekly, annual, quarterly, semiannual and annual value
levels are $1385.4, $1356.5, $1331.3, $1300.6 and $1187.2 with monthly and quarterly
pivots at $1437.7 and $1441.7, and daily and semiannual risky levels at $1450.1 and
$1452.6.
Nymex Crude Oil – ($104.78) Weekly, monthly and semiannual value levels are
$97.78, $96.43, and $87.52 with my annual pivots at $99.91 and $101.92, and
semiannual, daily and quarterly risky levels are $107.14, $107.71 and $110.87.
The Euro – (1.3900) My quarterly value level is 1.3227 with a daily pivot at 1.3953, and
weekly, semiannual and monthly risky levels at 1.4446, 1.4624 and 1.4637.
Daily Dow: (12,214)Annual, quarterly, semiannual, and semiannual value levels are
11,491, 11,395, 10,959, and 9,449 with daily, weekly, monthly and annual risky levels at
12,249, 12,484, 12,741 and 13,890.’
21 Signs Of Impending Doom For The 2011 Economy ‘If you are not aware of how
rapidly the global economic situation is unraveling you need to snap out of it
and start paying attention. The world economy was relatively stable in 2010,
but here in 2011 things are deteriorating very quickly.

The American Dream

Wednesday, March 9, 2011

If you are not aware of how rapidly the global economic situation is unraveling you need
to snap out of it and start paying attention. The world economy was relatively stable in
2010, but here in 2011 things are deteriorating very quickly. Right now there is major
civil unrest in at least a dozen different nations in Africa and the Middle East. The civil
war going on in Libya has sent the price of oil skyrocketing and the protests that are
scheduled to begin in Saudi Arabia later this month could send oil prices even higher.
Meanwhile, the sovereign debt crisis in Europe just seems to get worse by the day.
Several nations in Europe are suddenly finding that it has become extremely expensive
to finance more debt. It appears that it will only be a matter of time before more bailouts
are needed. Meanwhile, the United States is also covered in a sea of red ink and the
economic situation in the largest economy on earth continues to deteriorate rapidly. It is
as if the entire world financial system has caught a virus that it just can’t shake, and now
it looks like another massive wave of financial disaster could be about to strike. Does
the global economy have enough strength to weather a major oil crisis in 2011? How
much debt can the largest nations in North America and Europe take on before the
entire system collapses under the weight? Will 2011 be a repeat of 2008 or are we
going to be able to get through the rest of the year okay? Only time will tell.

But it is quickly becoming clear that we are reaching a tipping point. If the price of oil
keeps going up, all hopes for any kind of an “economic recovery” will be completely
wiped out. But if the globe does experience another economic slowdown, it could
potentially turn the simmering sovereign debt crisis into an absolute nightmare. The
U.S. and most nations in Europe are having a very difficult time servicing their debts
and they desperately need tax revenues to increase. If another major economic
downturn causes tax revenues to go down again it could unleash absolute chaos on
world financial markets.

The global economy is more interconnected than ever, and so a major crisis in one area
of the world can have a cascading effect on the rest of the globe. Just as we saw back
in 2008, if financial disaster strikes nobody is going to escape completely unscathed.

So what should we expect for the rest of 2011? Well, the truth is that it doesn’t look
good. The following are 21 signs of impending doom for the 2011 economy….

#1 The civil war in Libya now looks like it could drag on for an extended period of time,
and that is likely to drive the global price of oil even higher.
#2 Barack Obama is publicly saying that NATO is now considering “potential military
options” for solving the crisis in Libya.

#3 Kuwait exports more oil than Libya does, and it looks like the civil unrest that has
been sweeping the rest of the Middle East is now starting to spread to that country.

#4 In Saudi Arabia, protest groups are planning a “Day of Rage” on March 11th. If a
revolution breaks out in that nation the entire global economy is going to be thrown into
turmoil.

#5 The average price of a gallon of gasoline in the United States increased by 33 cents
during the two-week period that ended last Friday.

#6 According to the Oil Price Information Service, U.S. drivers spent an average of $347
on gasoline during the month of February, which was 30 percent more than a year
earlier.

#7 It is being reported that the average price of a gallon of gasoline in Europe has hit an
all-time record of $8.63 a gallon.

#8 Ivory Coast produces nearly 40 percent of all the cocoa in the world and protests
against the government there are becoming increasingly violent. If this violence
continues to escalate you will soon be paying a lot more for chocolate.

#9 The yield on 10-year Portuguese bonds has increased to 7.6%.

#10 The yield on 10-year Irish bonds has soared to 8.1%.

#11 The yield on 10-year Greek bonds has skyrocketed to a whopping 12.8%.

#12 Moody’s Investors Service has reduced the rating of Greek government debt three
levels all the way down to B1.

#13 According to the United Nations, the global price of food set another brand new
record high during the month of February. That was the 8th month in a row that global
food prices have gone up.

#14 According to the World Bank, global food prices have soared 29% over the last 12
months.

#15 The United Nations is projecting that the global price of food will increase by
another 30 percent by the end of 2011.

#16 23 percent of all residential properties with a mortgage in the U.S. were in negative
equity as of the end of 2010.
#17 In the state of Nevada, approximately 65 percent of all homeowners with a
mortgage owe more on their mortgages than their homes are worth.

#18 Two years ago, the average U.S. homeowner that was being foreclosed upon had
not made a mortgage payment in 11 months. Today, the average U.S. homeowner that
is being foreclosed upon has not made a mortgage payment in 17 months.

#19 Since 2005, the United States has shelled out 1.1 trillion dollars for products from
China but China has only spent 272 billion dollars on products from the United States.
This trade imbalance is causing the global financial system to become increasingly
unstable.

#20 Collectively, the 50 U.S. state governments are facing a budget shortfall of 125
billion dollars for fiscal 2012.

#21 The U.S. government had a budget deficit of 233 billion dollars during the month of
February, which was the largest federal budget deficit ever recorded for a single month.

We are living in the middle of the biggest debt bubble in the history of the world…’

Faber: Oil will go up ‘ballistically’ if unrest shifts to Saudi Arabia Business

Intelligence Middle East | Marc Faber sees oil prices extending their bull run
despite the 15% run-up this year alone.

Oil hovers around $105 [Link] | The benchmark U.S. oil contract was up
35 cents to $105.37 a barrel for April delivery.

Bank Economist Warns of ‘Food Price Riots in the UK’ SkyNews | A senior
economist at the worldwide bank HSBC has warned of civil unrest in Britain if
food prices continue to soar.

Oil markets brace for Saudi ‘rage’ as global spare capacity wears thin Those
exhorting OPEC to boost output should be careful what they wish for. The
cartel card can be played once only, and it risks exposing the fragility of the
global energy system if the Gulf powers are seen struggling to deliver.
HOW IT WILL ALL END : Debt Jubilee or WWIII ? Bob Chapman talks about the
crumbling economy and how it will implode.

Warning Of ‘Food Price Riots In The UK’ A senior economist at the worldwide
bank HSBC has warned of civil unrest in Britain if food prices continue to
soar.

Currency Wars: Flash Points in the ‘Age of Rage’ The conflict in North Africa was
a predictable outcome of the US Monetary Policy of Quantitative Easing. It is
not plausible that the US Federal Reserve, as the manager of the world’s
Reserve Currency, did not fully recognize the global ramifications of such
monetary inflation actions well in advance.

ECONOMIC CRISIS ARCHIVE

National / World

Jesse Jackson, Jr.’s Communist Bill of Rights Kurt Nimmo | Jackson’s speech is
like something right out of the CPUSA playbook.

Soros: Communist Chinese Model Of Order May Become “The Envy Of The
World” “Western democracies provide less successful leadership than
China”

Day Of Rage: Saudi Arabia In Veiled Threat To US Paul Joseph Watson | Saudi
Foreign Minister threatens to “cut foreign fingers” in event of outside
intervention after US sided with protesters.
Corporate Media Coverage of Libya is a Psyop Kurt Nimmo | Only by destroying
the oil-based economy can the globalists forge ahead with their plan to
implement world authoritarian government.

Kansas House Panel Endorses Pension Cuts [Link] | The bill is likely to draw
opposition from public employees’ and retirees’ groups.

Day Of Rage: Saudi Arabia In Veiled Threat To US As the world braces itself for
Saudi Arabia’s “day of rage” on Friday, which many fear could be the spark
that sends oil prices soaring to beyond the $200 a barrel mark, Saudi
Foreign Minister Prince Saud Al-Faisal issued a veiled threat to the United
States, warning that the Kingdom was prepared to “cut foreign fingers” in
the event of any outside interference.

Soros: Communist Chinese Model Of Order May Become “The Envy Of The
World” Billionaire investor George Soros has once again cited China’s
dictatorship as the model for the rest of the world in a speech at an elite
gathering in Europe.

BIG SIS BUSTED: Homeland Security Undercover Pedophile Entrapment Website

Suspended In an aggressive bid to entice prospective “sex tourists,” the
Department of Homeland Security last year launched an undercover web site
that purported to arrange trips from the U.S. to Canada, where clients could
engage in sexual activity with minors, The Smoking Gun has learned.

Corporate Media Coverage of Libya is a Psyop In the interview here, war

correspondent Keith Harmon Snow spells out how the lopsided coverage of
the conflict in Libya is a Pentagon psyop. The psyop is particularly evident
on CNN, especially on Anderson Cooper’s show.
Lawmaker Warns TSA Harassment Coming To Sidewalks The lawmaker behind a
bill aimed at curtailing TSA grope downs and naked body scanners warns
that Americans will be subjected to such harassment on sidewalks and at
football games if the TSA is not stopped in its tracks now, but in reality,
TSA-style measures have already been aggressively expanded well beyond
airports.

FEATURED INFOWARS STORIES ARCHIVE

U.S., allies weigh operations near Libya Humanitarian aid delivery, no-fly zone
are under consideration (Washington Post) [ Weigh? As on a scale … of 1 to 10
… we all know how well pervasively corrupt, defacto bankrupt america and allies
are at weigh-ins … weighing … so much so, they’re set to star that tv program,
‘The Biggest Loser(s)’ … Update: Drudgereport: Libya Tanks Move In To Crush
Rebel Stronghold...
Carnage in Rebel City...
FOOTAGE: Libyan war plane shot down...
Obama, Cameron discuss plan of action...
Hoyer: No Balanced Budget for 15-20 Years 'We've Dug Such a Deep Hole'...
FLASHBACK: Larger Than Entire 2007 Deficit...
Treasury Draws Down Cash Balance...
FEBRUARY DEFICIT: $223 BILLION
FRESHMAN DEM. SENATOR: OBAMA HAS 'FAILED TO LEAD'...
Mayors to Unions: 'Dire fiscal straits' without 'dramatic' changes...
Anger Brews Over Government Workers' Benefits...
UNREST IN THE MIDWEST: Now Michigan...
WELFARE NATION: ONE-THIRD OF ALL WAGES ARE HANDOUTS...
ROMNEY: Obama Misery Index hits record high...
OPEC VOWS NEW PUMPING...
OIL HOLDS NEAR $105...
Roubini: Will Hit $150...
SHEEN SETS 'FINAL' WEBCAST
Gadhafi Deploys Tanks, Hundreds of Troops in New Assaults...
...Denies talk he's looking for exit
WITNESSES: Women and Children Killed...
Libyan tanks, planes bombard Zawiyah; rebels still hold 'Martyrs' Square'...
Libyan central bank chief goes missing...
...Loyalty unknown
East-West military gap 'rapidly shrinking'...
China could match US military power in 10-15 years...
U.K. Warned of Food Riots...
Ahmadinejad calls for new world order...

This is the grim economic reality [ [Link] ]. This

manipulated bubble in this secular bear market based on b*** s*** alone is
an especially great opportunity to sell / take profits while you can since
there's much worse to come!

Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global
stock markets, including China, Brazil, India and Hong Kong, have been in fairly
significant corrections since November, down between 12% and 17%. Their major
concerns have been rising inflation and the resulting monetary tightening by their
central banks to combat the inflationary pressures...So was this week’s stumble
the beginning of a more serious correction? The events and reports this week did
provide more evidence that the stock market may be ahead of reality regarding
prospects for the economy, and therefore corporate earnings, going forward,
which should at least limit the market’s upside potential. Limited upside potential
equals more downside risk? It might be wise to lighten up some into strength that
may develop over the next few days during the ‘monthly strength period.’

BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To
New Lows Blodget ‘Investors have gotten wildly bullish of late, as the bull market
that started in early 2009 keeps driving stocks to new highs. But the pigs are
about to get slaughtered, says Bob Prechter, president of Elliott Wave
International and editor of the Elliott Wave Theorist. Prechter still thinks the new
bull market is just a cyclical "retracement" of some of the bear market losses that
we've had since the market crashed in 2008. Prechter expected this retracement
to drive stocks 50% above the market lows, but stocks have since soared 30%
higher than than he expected. So when the day of reckoning comes, Prechter
thinks, it will be even more startling. And Prechter still thinks that stocks will
eventually crash to new bear-market lows (read: below 6,800 on the DOW). What
makes Prechter think this day of reckoning may come sooner rather than later?
Sentiment indicators and other technical analysis. Investor bullishness has now
gotten so extreme, Prechter says, that it has exceeded the levels in 2008 before
the market crashed. Investors could still get even more bullish, of course, but
eventually they'll pay for this optimism. And Prechter's not just bearish on
stocks: He thinks oil, silver, and other commodities are absurdly overvalued, too.
The only thing he's bullish on is the dollar. And lest he be dismissed as a perma-
bear, Bob Prechter is quick to add that he hopes there will come a day when he
can come on the show and tell everyone that stocks are finally so crushed and
hated that it's a historic opportunity to buy them. When will that be? Stay
tuned...’

The Terrible Twos? Let's All Hope Not [ Hoping doesn’t change reality. Take your
gains, sell while you can in this manipulated bull cycle on debased dollar in this
secular bear market. ] Bespoke Investment Group ‘After falling 22% over the last
month and a whopping 57% from its highs less than a year and a half earlier, the
S&P 500 (SPY) closed the day on March 9th, 2009, at 676.53. Had you asked 100
people that day where the index would be trading in two years, you likely could
have counted on one hand the number that said higher than 1,[Link]
marks the two-year anniversary of the current bull market, and the S&P 500 is
now trading at 1,324, or 96% above its closing level on 3/9/09. Below is a chart of
the S&P 500 since October 9th, 2007, which is the day that the index made its all-
time high of 1,565.15. The bear market from 10/9/07 to 3/9/09 is highlighted in red,
and the bull market that started on 3/9/09 is highlighted in green.

(Click charts to expand)

[chart]

Below is a table highlighting the performance of key ETFs across asset classes
since the bull market began on 3/9/09 as well as since 10/9/07 when the S&P 500
made its all-time high and the prior bear market started. For each asset class, the
best and worst performing ETF is shaded in light red and light green over each
time [Link] many ETFs are up more than 100% since the bull market began,
only a handful are up from their 10/9/07 levels. The Nasdaq-100 tracking QQQQ is
one of them with a gain of 8% since 10/9/07. The S&P Midcap 400 ETF (IJH) is also
up, along with the Midcap 400 Growth ETF (IJK) and the Smallcap 600 Growth
ETF (IJT). Three sector ETFs are now above the level they were at when the
market made its all-time high on 10/9/07 -- Consumer Discretionary (XLY),
Consumer Staples (XLP), and Energy (XLE). The Silver trust (SLV) is up the most
of all securities shown since 10/9/07 with a gain of 160.47%, while Gold (GLD) is
up the second most at 90.33%. And all but one (TLT) of the fixed income ETFs are
in the black versus where they were trading when equities hit their all-time
[Link] 3/9/09, the Russia ETF (RSX) has been the best performer in the
entire table with a gain of 247.54%. The Smallcap 600 Growth ETF (IJT) has been
the best performing US market index ETF with a gain of 144.78%, while the
Financials ETF (XLF) has been the best performing sector ETF during the bull
market. Unsurprisingly, UNG -- which is supposed to track natural gas -- has been
the worst performer since 3/9/09 with a decline of 66.69%!

[chart]

Beware of the Ides of March Suttmeier ‘The first quarter of 2011 could turn out to
be a multi-year selling opportunity, just as March 2009 was a multi-year buying
opportunity. On March 5, 2009, 91% of all stocks were undervalued and all 11
sectors were undervalued by more than 30%. Wall Street and hence Main Street
missed this golden opportunity to buy stocks. In early March 2009, I made the call
that stocks would rally 40% to 50%. I proved to be too pessimistic. Since then the
Dow Industrial Average (DIA) is up 86.9% with the S&P 500 (SPY) up 96.4% and
the NASDAQ (QQQQ) up 117.0%. With stocks overvalued and weekly charts
overbought with the exception of Transports now is not the time to increase
allocation to stocks, it’s the time to decrease stock allocations.
The Housing Market was the first to provide warnings as The Housing Index
topped out in July 2005 and today is 62.0% below that high, with housing
currently at risk of renewed weakness.
The America’s Community Bankers Index (ABAQ) peaked in December 2006 and
today is 49.0% below that high. The FDIC List of Problem Banks rose by 24 in the
fourth quarter to 884 from 860, which is 11.5% of the 7,657 FDIC-insured financial
institutions. When I drill down into the FDIC data I find 2623, or 34.3% of all
community banks overexposed to commercial real estate loans, and 58.5% of all
banks have a real estate loan pipeline that’s 80% or more funded, which is
continued stress.
The Regional Bankers Index (BKX) peaked in March 2007 and today is 57.2%
below that high. The “too big to fail” banks are bigger and the BKX is down
fractionally so far in 2011. Under Dodd-Frank some of these banks will need to
raise capital, and face heavier FDIC deposit insurance fund assessments
beginning in April.
Total Assets in the banking system declined $51.8 billion in the 4th quarter 2010
with C&D loans down $32.5 billion. Even so C&D loans still total $321.6 billion
with nonfarm, non-residential real estate loans at $1.07 trillion and problem loans
continue to clog bank balance sheets.
ValuEngine Valuation Warnings on February 18th and March 3rd marked tradable
highs for stocks. To confirm a market top all weekly charts must shift to negative.
The major equity averages remain below their February 18th highs when the Dow
Industrial Average reached 12,391. My proprietary analytics still show weekly and
monthly resistances, to limit the upside even if some of the averages continue to
new highs. Market weakness on Friday and Monday resulted in a reduction of
overvalued stocks to 60.5%, below 65%. We show 15 of 16 sectors overvalued, six
by double-digit percentages.
Key Levels for the Major Equity Averages

• The Dow Industrial Average (12,090) Libya Trading Range: 11,983 to 12,391.
My annual value level is 11,491 with daily, weekly and monthly risky levels
at 12,152, 12,483 and 12,741.
• The S&P 500 (1310.1) Libya Trading Range: 1294 to 1344. My quarterly
value level is 1262.5 with daily, weekly and monthly risky levels at 1323.8,
1350.3 and 1381.3.
• The NASDAQ (2746) Libya Trading Range: 2706 to 2840. My monthly value
level is 2629 with daily, weekly, quarterly and monthly risky levels at 2802,
2829, 2853 and 2926.
• The NASDAQ 100 (NDX) (2328) Libya Trading Range: 2285 to 2403. My
monthly value level is 2250 with daily, weekly, quarterly, and monthly risky
levels at 2375, 2398, 2438 and 2499.
• Dow Transports (5018) Libya Trading Range: 4918 to 5306. My quarterly
value level is 4671 with daily, weekly and annual pivots at 5082, 5052 and
5179.
• The Russell 2000 (824.99) Libya Trading Range: 795 to 838. Daily and
quarterly value levels are 819.50 and 765.50 with monthly risky level at
850.79.
• The Philadelphia Semiconductor Index (SOX) (447.35) Libya Trading Range:
439 to 474. My monthly value level is 402.46 with a monthly pivot at 453.89,
a quarterly pivot at 465.93 and daily and weekly risky levels at 466.70 and
485.92.

10-Year Note – (3.514) Weekly, annual, and semiannual value levels are 3.642,
3.796 and 4.268 with daily, monthly, annual and semiannual risky levels are 3.449,
3.002, 2.690, 2.441, and 2.322.
Comex Gold – ($1433.3) Weekly, annual, quarterly, semiannual and annual value
levels are $1385.4, $1356.5, $1331.3, $1300.6 and $1187.2 with monthly and
quarterly pivots at $1437.7 and $1441.7, and my semiannual risky level at $1452.6.
Nymex Crude Oil – ($104.92) Weekly, monthly and semiannual value levels are
$97.78, $96.43, and $87.52 with my annual pivots at $99.91 and $101.92, and
semiannual and quarterly risky levels are $107.14 and $110.87.
The Euro – (1.3971) My quarterly value level is 1.3227 with a daily pivot at 1.4001,
and weekly, semiannual and monthly risky levels at 1.4446, 1.4624 and 1.4637.
Daily Dow: (12,090) Annual, quarterly, semiannual, and semiannual value levels
are 11,491, 11,395, 10,959, and 9,449 with daily, weekly, monthly and annual risky
levels at 12,152, 12,484, 12,741 and 13,890.’

Now's the Time to Decrease Stock Allocations

[video]Summer Bears Will Threaten Two-Year Bull Run

Hoyer Says Federal Budget May Not Be Balanced for 20 Years Matt Cover | Hoyer
said Republicans and Democrats must compromise if they are ever going to
solve the nation’s budget issues.

Trust is Necessary for a Stable Economy Washington’s Blog | Prosecuting the

criminals Is necessary to restore trust.

Saudi Arabia’s ‘Day of Rage’ Lures Record Bets on $200 Oil: Chart of Day
Bloomberg | Options traders are betting more than ever that crude oil is heading
to $200 a barrel.

Oil Breakout Alert – Kuwait, World’s Fourth Largest Oil Exporter, Joins
Demonstrations Demanding Regime Change Crude dropped overnight, after
the FT joined the BBC in the “False Rumor Spreading Korner”, after the
Libyan Investment Authority held newspaper said some OPEC members are
looking to raise oil output to avoid any supply shortfalls.

Will The Day Of Rage In Saudi Arabia On March 11 Send The Price Of Oil Into
Unprecedented Territory? The price of oil is shaping up to be the number
one economic story of 2011, and right now the eyes of the investing world
are closely watching the developing situation in Saudi Arabia.
No Silver? No Problem: US Mint Would Like To Know If You Will Accept Brass,
Steel, Iron Or Tungsten Coins Instead Wonder why the US mint has not sold
a single ounce of silver so far in March? Here is a clue…

ECONOMIC CRISIS ARCHIVE

National / World

Paul: Let public vote on judges Texas Rep. Ron Paul said on Monday that
Americans should have the same right to oust federal judges as Iowans did
with their historic vote last November to remove three State Supreme Court
justices.

Homeland Security Says It Has Every Right To Spy On Peaceful Protest Groups
Steve Watson | The Department Of Homeland Security has decided it is
reasonable for it to spy on dozens of peaceful groups.

Oil Shock: Banksters Ready QE3 Asset Bubble Kurt Nimmo | QE is forever.

TSA Worker Arrested for Impersonating a Police Officer Steve Watson | A TSA
worker claimed he had the same authority as a police officer.

Obama Mimics Bush: Libyan Intervention Ahead Michael S. Rozeff | The American
empire stands at the edge of disintegration.
Deluded TSA Worker Arrested After Telling Cop “I’m A Customs Inspector” The
actions of a TSA worker who was pulled over during a routine traffic stop
betray the general attitude of the TSA in recent month, that the agency is
above the law and makes its own rules.

President Obama Issues Executive Order Institutionalizing Indefinite Detention

President Obama today issued an executive order that permits ongoing
indefinite detention of Guantánamo detainees while establishing a periodic
administrative review process for them. The administration also announced
it will lift the ban on bringing new military commissions charges against
detainees that don’t already have ongoing cases in the substandard system.

MSM Hyped Reports Of Bombardment Give False Picture Of Tripoli Libya’s

opposition has told Colonel Gaddafi, if he leaves the country now … they
won’t put him on trial. But Libyan state TV has broadcast denials that
Gaddafi offered to quit if his family were allowed to safely leave the country.
Just a week ago media reports suggested that Gaddafi was close to total
defeat. But today he’s still there, and news of his downfall proved to be
exaggerated. RT’s Paula Slier went to Tripoli to uncover how things really
stand.

British Tax Protesters Arrest Judge In Act Of “Lawful Rebellion” For those
wondering whether we can expect to see anything like the scenes witnessed
in Egypt coming to America or the United Kingdom, the actions of British
protesters who engaged in “lawful rebellion” by attempting to arrest a judge
yesterday could herald the beginning of a new tax revolt to rival the
infamous poll tax riots of 1990.

Why is Hillary Not Defending the Rights of Saudis to Protest? Secretary of State
Hillary Clinton had been exhaustively in front of cameras promoting the right
for people to protest in Egypt, Bahrain, Iran, and Libya.
Kissinger urges Obama: Grant clemency to Israeli Spy [ The zionist kissinger
shows colors in urging a self-destructive path for wobama. ] Former U.S.
Secretary of State Henry Kissinger sent a letter to U.S. President Barack
Obama on Monday, urging him to commute the prison term of Jonathan
Pollard, who is serving a life term for spying for Israel.

Chinese military ‘growing fast’: think tank China is building its military capability
at a rapid pace but it remains a “regional power with regional concerns”, the
think tank IISS said in its annual report on the world’s armies on Tuesday.

Gaddafi forces engage in fierce battle Regime loyalists in Libya mount assaults
to reclaim ground (Washington Post) [ 41 years in power … Hey, when
interviewed by Charlie Sheen on SNL he seemed rather spry …
Sheen's-Korner, [Link] You're either in Sheen's-Korner or you're with the
trolls... [and the big question is which trolls … the pat_trolls, the con_trolls, the
troll_eys, the troll_ups, etc.? ] [Link]
Archived Web Site File: [Link]
Korner,[Link]'reeitherinSheen's-Korneroryou'[Link]
(448mb) (for whatever reason, this file did not open properly in my somewhat
older player and I didn’t have time to download another to determine if the
problem is with the viewer or the file, but will, and will indicate the result here. )

Here’s SNL’s take on the Sheen webcast [ This was the first time I’d seen Miley
Cyrus in anything and I must say she is truly a star, albeit a very precocious one;
this SNL was absolutely hilarious across the board! ]
[Link]

Part of the webcast: [Link]/watch?v=HIx4_t26AAs

] With neither side able to muster overwhelming force, the result appeared to be
a bloody stalemate, with the death tolls rising in both east and west.
Obama creates indefinite detention system for prisoners at Guantanamo Bay
(Washington Post) [ Sounds more like fellow failed president/war criminal
dumbya bush every day. Meanwhile, back at the pervasively corrupt, defacto
bankrupt american credit farm (totalitarian communist china): New restrictions on
foreign journalists Under rules announced after foreign journalists were
physically harassed by security officers, foreign journalists must have
government permission to interview anyone in a public area.]

Gates successor a quandary for Obama (Washington Post) [ Quandary? For

‘wobama the b’ (for b*** s***)? I don’t think so! Like wobama, he or she must
speak out of both sides of his/her mouth, be particularly adept at lying (cia-
speak), and believe in absolutely nothing (no core values/beliefs). Gates says
killing of Afghan boys a "setback" (Reuters) [Ah, yes, riiiiight! … that’s what it is,
alright…just a setback…I see. ] Gates: US military to stay in Afghanistan US
Defense Secretary Robert Gates, who is on a surprise visit to Afghanistan, says
the American military should stay in the conflict-riddled country despite the rising
human costs. Violent spring looming in Afghanistan (Washington Post) [ See …
something to look forward to … must be that good news that keeps getting
pushed back … and spring no less … everything bombing blooming or in war
criminal american-speak … ‘booming’ … but not the defacto bankrupt american
economy for which a crash is ‘looming’. Could somebody help me out with a
translation of gates’ speech a west point … I must be missing something … Lt.
Gen. John Kelly, who lost son to war, says U.S. largely unaware of sacrifice
(Washington Post) [ I disagree! They are very much aware; as they stand in
unemployment lines, use food stamps to get by, etc.. I hate to sound cavalier and
I’m sorry that Kelly lost a son to war, but along with the multitude of civilians in
the nations unlucky enough to provide a source of corporate welfare to the
military industrial complex and war profiteering for the few (as warned against by
President General Eisenhower), they died for nothing, for no good reason beyond
the false propaganda. Six NATO troops killed in Afghanistan (Washington Post)
[ Is there something wrong with the following picture? … am I missing
something? … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian Science Monitor - In a speech to cadets at the United States
Military Academy at West Point, Gates's message was clear: The US military
services, as well as the elected and appointed civilians who send them to war,
need better ways of foreseeing and preparing for ... Gates Tells US Army to
Take New Approach Voice of America Warning Against Wars Like Iraq and
Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit late
for that in light of pervasively corrupt, defacto bankrupt america’s consummate
decline and fall! If only they had listened and not shot at the messenger … things
could have been different! ] ] American military officials expect that the
Taliban will mount a campaign to regain ground lost to U.S. troops last year and
use suicide bombing teams to strike at those associated with the Afghan
government or coalition forces. ]

Investors Whiplashed: Dave's Daily ‘As stated I'm away at a family reunion in Las
Vegas. It's an appropriate place from which to view markets. Since the action is
so crazy, no mere mortal, even with nearly 40 years experience, can make sense
of it. So, in the interest of clarity (not to mention the family), I'll make only a
couple of comments and just post a few charts. Yes, the unemployment data
came in about as expected but wage growth was limited (who knew?!) and banks
were downgraded by another bank, BAC. Not a nice thing to do to your pals. With
MENA unrest near all time highs and oil prices exploding higher who would want
to be casually long the markets heading into the weekend? But, someone (let's
just guess shall we?) with the power to close this week higher launched a serious
"stick save" late to do just that. This was gross manipulation. Volume was higher
on selling once again as no doubt stops were hit once again. Meanwhile, per the
WSJ, breadth was negative. ‘

Financialization and Our Increasingly Unstable Economy Roche ‘I finally got

around to seeing the movie Inside Job, the story behind the credit crisis and
winner of the Academy Award for best documentary. It’s very good and I highly
recommend it to anyone who hasn’t seen it. It will certainly infuriate you. The
movie doesn’t place nearly enough blame on homeowners, but all in all it does an
excellent job of showing how Wall Street and government have become overrun
by deregulation and sheer greed.

A combination of flawed economic theory and greed have combined to create the
beast that we now call a “functioning” economy. The worst part of it all is that
President Obama, who vowed change, has done almost nothing to fix any of it
and in fact continues most of the policies that helped get us here in the first
place.

In his latest letter Howard Marks touches on the regulatory debate. He says:

A great source on the subject is Wall Street Under Oath, a 1939 book
on the causes of the Great Crash of 1929 written by Ferdinand
Pecora, who was counsel to the Senate committee investigating the
crash and later a New York State judge. I first read it about twenty
years ago, and I brought it out of storage in 2007. It is a typical
polemic, assigning blame and touting regulation pursuant to what I
assume were the author’s philosophical/political biases (see page 4).

Pecora describes a Wall Street that, up to and including the 1920s,

was like the Wild West. Bankers and brokers were out to make
money for themselves; their behavior was largely unregulated; and
conflicts between their interests and those of their clients were
widespread and disregarded. In particular, according to Pecora,
disclosure standards were non-existent.

These facts combined with other causes to produce a market crash

of epic proportions; widespread losses; a drying up of capital;
deflation; and a massive depression with a resulting increase in
unemployment to 25%. Unsurprisingly, fingers were pointed at the
prior administration and political power shifted to believers in an
activist role for government. The most lasting result was the
enactment of laws that governed the financial system for decades
and in many cases still do: the Securities Act, the Securities and
Exchange Act, and the Glass-Steagall Act. Thus the 1930s saw a
massive swing of the pendulum in favor of regulation.

The next several decades on Wall Street were – perhaps thanks to

the impact of those laws – a relatively placid period. This led to a
view that, with rare exceptions, market participants are well-behaved
by nature. Further, steady growth with only moderate dips caused a
perception of an inherently benign and productive economy that
could achieve even more if only the regulatory shackles were
loosened. After President Carter deregulated the transportation
industry in the late 1970s, the door was open for much of the
regulatory apparatus built in the early part of the century to be
relaxed. Ronald Reagan, whose famously free-market views
coincided with a period of peace and prosperity, led the deregulatory
charge. We saw a similar turn in Britain under the leadership of
Margaret Thatcher; the collapse of the USSR and a resounding
victory for capitalism; and the ascendance of free market adherents
Alan Greenspan and George W. Bush.
 With the economy and financial system generating prosperity,
people wanted more of the same. And with manufacturing in decline,
we relied heavily on the financial sector for an increased contribution
to GDP, job creation and standards of living. The prevailing view was
that the less regulation we had, the more productive business and
finance could be. And what was there to be feared from an
unregulated economy, anyway? The result in the past decade,
according to a great newspaper quote that sadly I can’t locate, was
“the kind of regulation you get from an administration that doesn’t
believe in regulation.”

Thus, coming full circle from the 1930s, starting in 1999 we saw
revocation of Glass-Steagall; elimination of the up-tick rule limiting
short sales to instances when stock prices were rising; a pivotal
decision to exempt derivatives from regulation; increased permitted
leverage at investment banks; and starvation of regulatory agency
budgets. These developments were followed by the global financial
crisis of 2007-08. Coincidence or causality?

No, it’s most certainly not a coincidence. Marks goes on to argue that the markets
and regulations will never be perfect so our economy will continue to be
imperfect. It’s a rather defeatist and general attitude if you ask me. I think there
are fairly basic rules that can and should be implemented that limit the potential
outlier events from occurring. For instance, collateral on OTC derivatives would
have substantially reduced the risks at the investment banks. Leverage limits.
Higher capital standards. How about requiring down payments on homes? These
are simple rules that eliminate the potential for some of the incredible risks we’ve
seen over the last 25 years.
I am not an advocate of highly strict rules, just common sense rules. The fact that
the NINJA loan ever even came into existence is a clear sign that allowing the
markets to regulate themselves is bordering on insanity. Such lack of rules in
capitalism is guaranteed to result in putting greed before rationality. I don’t want
to contain capitalism. But I do want to keep it from destroying itself. That is the
path we are on and the increasing instability upon which we build each recovery
is a clear example….
In the movie, a prominent paper is mentioned written by Raghuram Rajan, a
professor of Economics at the Chicago School. He shows how the
financialization of the US economy is creating an increasingly unstable economy.
Make no mistake, markets are not self regulating. This nonsense that government
should never oversee the free market is disastrous policy that is driven by a
misguided and dogmatic political perspective and a purely greed driven banking
system. It’s a great weekend read. Enjoy. ‘
Fed Has Convinced Consumers to Re-Leverage [ Sounds like a plan! … albeit a
failed plan ala greenspan … this encore courtesy of ‘’no-recession helicopter ben
shalom bernanke’ … anything for that irrationally exuberant feeling on wall street
…. Bubbles, bubbles, everywhere, but not a bloke to blink. ] Roche ‘Despite
lopsided balance sheets and near record levels of household debt the Fed
appears to have succeeded in convincing American households that it is wise to
begin re-leveraging. The Fed’s latest consumer credit report showed broad
improvement in consumer credit trends (via Econoday):

"Consumer credit outstanding in December rose $6.1

billion showing, for the first time in the recovery, gains
for both revolving and non-revolving credit. Revolving
credit, up $2.3 billion, rose for the first time in 27
months. Non-revolving credit, reflecting strength in
vehicle sales, extended its run of strength with a gain of
$3.8 billion. Looking ahead to January’s number, there
may be some modest help from motor vehicle sales
which edged up 0.6 percent for the month but the
amount boosting consumer credit will depend in part on
the share split of sales to consumers and to
businesses."

[chart]
(Click to enlarge)
As I’ve previously mentioned, this is great news for the near-term economic
outlook. A re-leveraging consumer means more spending, higher corporate
revenues, etc. My hope was that a 10% deficit would result in consumers
continuing to de-leverage, however, that looks like wishful thinking. Instead, the
combination of easy money and no loser capitalism appears to be setting the
foundation for another debt binge. At a level of 115% of debt:income, this trend is
clearly unsustainable, however, the American public appears intent on sustaining
its fiscal imprudence. In short, enjoy the growth, however, once the deficit
shrinks or another asset bubble pops the air is going to come out of the debt
bubble once again and the upside down U.S. consumer will again be exposed as
the imprudent consumer that he/she is...’

Flashback: Comprehensive Annual Financial Reports Exposed Infowars | There is

no reason for continued taxation, the government has a secret slush fund and in
the meantime is telling you that they’re broke.
Iran oil wealth ‘must be shared’ with citizens says Soros BBC | Citizens of oil
producing nations must see more benefit from their country’s national resources,
says billionaire.

Former Goldman director charged with insider trading Globe & Mail | Raj
Rajaratnam, the founder of hedge fund Galleon Group, is on trial on criminal
insider-trading charges.

Gas up 33 cents — second biggest two-week jump ever Reuters | The national
average for a gallon of self-serve, regular gas was $3.50 on March 4.

Saudi Stock Market Tumbles as Fear of Revolt Grows The Telegraph | Triggered
by the arrest of Shi’ite cleric after he called for democratic reforms.

Flashback: Comprehensive Annual Financial Reports Exposed Infowars | There is

no reason for continued taxation, the government has a secret slush fund and in
the meantime is telling you that they’re broke.

The Shadow King Of Wall Street: “Markets Like Totalitarian Governments” Wall
Street’s shadow king, Blackrock’s Larry Fink who manages over $3 trillion,
and is the world’s biggest asset manager, appeared on Bloomberg TV in an
interview with Erik Schatzker, and the first thing he said is that the “market
likes totalitarian governments.” Matt Damon Thinks Obama Is Working For
Wall Street

Big Brother: The Orwellian Nightmare Come True When George Orwell (pen name
of Eric Blair) first published his famous novel, Nineteen Eighty-Four, it was
the year 1949, and it told a dark story of what he envisioned life may be like
in the future-in the year 1984.

Britain at risk of another financial crisis, Bank of England chief warns Britain
risks suffering another financial crisis without reform of the country’s banks,
the Governor of the Bank of England warns today.
Oil Price Shock; You Ain’t Seen Nothing Yet The most common cause of a
spiking oil price is supply shock. We may be seeing just such a phenonenon
right now with the effective shut down of Libyan oil. But sometimes it’s
excessive demand that does the damage.

Wisconsin Governor To Issue 1500 Layoff Notices Unless Fugitive Democrats

Return To The State In addition to “stagflation” which we announced in
January would be the word of the year, we now have a new contender in the
running for what may soon be the most popular word for the next 10
months: “escalation.”

The Fed Distorts The Economy With Inflation The Federal Reserve tells us we
need inflation to overcome the overhang created by debt and its inflationary
aspects. The inflation does not create jobs – it just distorts prices upward.

Spain town reintroduces peseta to boost economy A small town in northern

Spain has decided to reintroduce the old Spanish currency – the peseta –
alongside the euro to give the local economy a lift.

QE2: An Unmitigated Disaster

[video] Summer Bears Will Threaten Two-Year Bull Run

STOCKS DIVE, SILVER SURGES, TECH HAMMERED: Here's What You Need To
Know

More Jobs Mirage In February—BLS Continues To Overestimate Job Growth Paul

Craig Roberts | The announcement that 192,000 new jobs were created in
February was greeted with a sigh of relief.
Government’s biggest monthly deficit ever Washington Times | $223 billion,
according to the Congressional Budget Office.

Gas up 33 cents — second biggest two-week jump ever Reuters | The national
average for a gallon of self-serve, regular gas was $3.50 on March 4.

Oil, Gold, and Silver Prices Up as Saudi Arabia Faces Unrest Oil market
speculators used the escalating conflict in Libya as an excuse to jack up
crude prices to $106 per barrel today. Crude oil prices rose on news
opposition forces and soldiers loyal to Moammar Gadhafi clashed near
some of the country’s key energy infrastructure.

SocGen’s Three Scenarios For Oil See Crude Price Between $110 And $200 After
Nomura released a report two weeks back predicting oil could rise to $220 if
the MENA situation escalates, this morning SocGen’s Michael Wittner has
released his own scenario analysis on the possible outcomes of the 2011
revolutions.

More Jobs Mirage In February—BLS Continues To Overestimate Job Growth The

announcement on March 4 that 192,000 new jobs were created in February
was greeted with a sigh of relief. But the number is just more smoke and
mirrors, as I will show shortly. First, let’s pretend the jobs are real. What
areas of the economy produced the jobs?

Gold Surges, Hits New All Time High Of $1,437 After Precious Metals Talked Up
During PDAC Conference As the world continues to burn, gold hits a new all
time high of $1,437 as silver is en route to pass $36. Whatever shorts did not
cover on Friday night are strongly urged to postpone their “market top”
speculation until another day. Elsewhere Bernanke is still confused by what
the relentless march to daily all time highs in gold means…

ECONOMIC CRISIS ARCHIVE

National / World

Amtrak Chief Targets TSA For Conducting “Illegal” Grope Downs In late
February, the Transportation Security Administration took over the Amtrak
station in Savannah, Ga., and thoroughly searched every person who
entered. None of the passengers got into trouble, but the TSA certainly did
— big time.

Michael Moore’s Communist Rhetoric Distracts from Crimes of the Banksters

Last week, filmmaker Michael Moore declared war on the producers. Moore
told Laura Flanders of GRITtv that people who did not create trillions of
dollars of wealth are entitled to steal it from those who did. Private wealth,
Moore insisted, is a “national resource” that can be expropriated from the
producers and divided parasitically between the non-producers.

Oil And Gold Slip On Rumors Gaddafi Set To Flee Oil and gold pared some of
their soaring gains today after a rumor began circulating that Moammar
Gaddafi was seeking to reach an agreement with rebels that would allow him
to safely flee the country in return for relinquishing power.

Interventionism Leads to Resentment and Anti-Americanism Last week, Secretary

of State Hillary Clinton testified before the House Foreign Affairs Committee,
and I had the opportunity to raise some of my concerns regarding US
government policy and the cost of our interventionism around the world.

Michael Moore’s Communist Rhetoric Distracts from Crimes of the Banksters Kurt
Nimmo | Filmmaker says your hard-earned money is a national resource.

The Resistance Continues: More “The Answer to 1984″ Video Contest Entries
Infowars | Another great batch of video entries.
Oil And Gold Slip On Rumors Gaddafi Set To Flee Paul Joseph Watson | Libyan
leader has offered rebels deal to take power if safe exit of his family is
guaranteed, according to reports.

Oil, Gold, and Silver Prices Up as Saudi Arabia Faces Unrest Kurt Nimmo |
Protests planned in oil kingdom today as government promises to dispatch
10,000 troops to put down dissent.

Bill O’Reilly And Old Media: Not Waving But Drowning Paul Joseph Watson | The
establishment is so terrified of new media, they dare not mention Alex Jones
by name.

‘Egyptian army follows Israel, US orders’ Protests in Egypt gain momentum as

revolutionaries say they are set to disclose information incriminating senior
officials over their involvement in the violent crackdown on anti-regime
protests.

Libya: ‘Eight SAS Soldiers Held By Rebels’ Eight SAS soldiers have been
detained by rebels in Libya, according to Sky News sources.

Libya: Gaddafi Gunships Fire On Rebels Libyan helicopter gunships have fired on
rebels advancing along the coast towards the capital Tripoli.

Chinese state media slams calls for protests China’s state media stepped up its
criticism of calls for anti-government rallies on Sunday, saying stability is
key amid concern that unrest sweeping the Middle East could spread to the
Asian nation.
Saudis mobilise thousands of troops to quell growing revolt Saudi Arabia was
yesterday drafting up to 10,000 security personnel into its north-eastern Shia
Muslim provinces, clogging the highways into Dammam and other cities
with busloads of troops in fear of next week’s “day of rage” by what is now
called the “Hunayn Revolution”.

US Department of Imperial Expansion The illegitimacy of the current US State

Department fits in well with the overall Constitution-circumventing empire
that the American Republic has degenerated into. The current Secretary of
State, Hillary Clinton, gives a daily affirmation of this illegitimacy every time
she bellies up to the podium and further makes a mockery of America, its
people and its destiny.

Zbigniew Brzezinski Spouts Globalist Agenda on Al Jazeera Zbigniew Brzezinski:

We shouldn’t be the policeman of the world… but we should send troops
and warships to Libya.

Hey Bill O’Reilly: Alex Jones is a Patriot, And You’re a Clown Fox News host Bill
O’Reilly mentioned Alex Jones’s appearance on the View the other day,
calling him “some guy on the radio, we really don’t know who he is.” But as
Kurt Nimmo points out, O’Reilly is not totally out of the loop.

TSA, DHS plan massive mobile surveillance rollout Mike Adams | The DHS is
America’s new secret police.

US Department of Imperial Expansion Tony Cartalucci | The illegitimacy of the

current US State Department fits in well with the overall Constitution-
circumventing empire that the American Republic has degenerated into.
Senior Fed Economist Calls Ron Paul a Pinhead Robert Wenzel | If you think
destruction of a currency is no biggie, call Robert Mugabe in Zimbabwe.

Bill O’Reilly: Who Is Alex Jones? Kurt Nimmo | Fox News anchor with ratings in
decline feigns ignorance of growing alternative media.

People Of Earth: Prepare For Economic Disaster The Economic Collapse | It is not
just the United States that is headed for an economic collapse.

Don’t Worry, the Economy is Going to be Just Fine The American Dream | Haven’t
you heard? The coming economic collapse has officially been cancelled.

Rolling Stone: Glenn Beck Rips Off Alex Jones [Link] | Rolling Stone
Magazine has posted a part two to follow up on its profile of Alex Jones
earlier this week.

We’re On The March: More “Answer to 1984″ Video Contest Entries Infowars |
More entries for “The Answer to 1984 is 1776″ video contest.

Homicide case involving Daley nephew closed without charges Chicago Sun-
Times | Chicago Police said Friday they know who hit David Koschman and
knocked him to the ground in a drunken confrontation in the Rush Street area,
leading to his death.

Major Libyan oil plant ablaze Mail Online | A major Libyan oil plant was ablaze last
night as fresh fighting raged across the country leaving at least 50 dead.

Qaddafi’s Militia Storms Key Town Controlled by Rebels NY Times | Col.

Muammar el-Qaddafi’s militia stormed the rebels controlling the town of Zawiyah
on Saturday.
‘If the Americans Come, They Would Steal our Revolution’ Spiegel Online |
Opposition fighters claim they have driven back their attackers, but the battle is
far from finished.

Alex Jones: The Name Bill O’Reilly Dare Not Speak During a discussion on
Charlie Sheen, Fox News’ Bill O’Reilly mentioned Alex Jones’ appearance on
The View. He didn’t bother to mention Jones by name. O’Reilly said Jones is
merely “some guy on the radio, we really don’t know who he is,” and his co-
host during the segment, Arthel Neville, chuckled.

Don’t Worry, Be Happy: Unemployment Is Down, The Stock Market Is Up And The
Economy Is Going To Be Just Fine Haven’t you heard? The coming
economic collapse has officially been canceled. The U.S. economy is in full
recovery mode. It has just been announced that the U.S. unemployment rate
fell to 8.9% in February. That was the third monthly decline in a row.

People Of Earth: Prepare For Economic Disaster It is not just the United States
that is headed for an economic collapse. The truth is that the entire world is
heading for a massive economic meltdown and the people of earth need to
be warned about the coming economic disaster that is going to sweep the
globe.

Texas Plans to Implement REAL ID in 2013 Tela Mange, Chief of Media Relations
at Texas Department of Public Safety, has responded to an [Link]
request for information on the state’s implementation of REAL ID.

Gaddafi forces mount fierce counterattack; witnesses describe ‘massacre’ in city

under siege Forces loyal to Libyan leader Moammar Gaddafi on Friday
unleashed their fiercest counterattack yet, assaulting rebel-held positions by
ground and air and firing on demonstrators in the government stronghold of
Tripoli.
MI6, SAS Working Together To Take Control In Libya Britain is to send teams of
spies and diplomats into Libya to help oust Colonel Gaddafi, it emerged last
night.

Sheen's-Korner, [Link] You're either in Sheen's-Korner or you're with the

trolls... [and the big question is which trolls … the pat_trolls, the con_trolls, the
troll_eys, the troll_ups, etc.? ] [Link]
Archived Web Site File: [Link]
Korner,[Link]'reeitherinSheen's-Korneroryou'[Link]
(448mb) (for whatever reason, this file did not open properly in my somewhat
older player and I didn’t have time to download another to determine if the
problem is with the viewer or the file, but will, and will indicate the result here. )

Here’s SNL’s take on the Sheen webcast [ This was the first time I’d seen Miley
Cyrus in anything and I must say she is truly a star, albeit a very precocious one;
this SNL was absolutely hilarious across the board! ]
[Link]

Part of the webcast: [Link]/watch?v=HIx4_t26AAs

Drudgereport: FLASHBACK: Larger Than Entire 2007 Deficit...

Treasury Draws Down Cash Balance...
FEBRUARY DEFICIT: $223 BILLION
GATES SAYS ANY MILITARY ACTION ON LIBYA SHOULD HAVE
INTERNATIONAL BACKING...
Caught on Video: General Petraeus And Secretary Gates Share Private Joke
About Attacking Libya...
NATO starts 24/7 surveillance of Libya...
Greece slams rating agencies after MOODY'S cut...
Spain's savings banks race to find funds by Thursday...
Portugal edges closer to crisis...
PAPER: Obama asks Saudi Arabia to supply Libyan rebels with weapons...
GADHAFI OFFENSIVE MAKES LITTLE GROUND
Saudi Arabia detains Shi'ites as clerics ban protests...
OIL CONTINUES CLIMB...
Gas prices up 33 cents -- in two weeks!
Number of ObamaCare waivers climbs above 1,000...
Unrest returns to Cairo streets...
UK 'to send team of spies' to help oust Gadhafi...
British Army readies for mission at 24 hours' notice...
Obama goes golfing...
ROMNEY TO NH: WE NEED A NEW PRESIDENT
'Moore: The rich have overplayed their hand' … [yes they have … quite foolishly
at that … they really have] ...
CHICAGOLAND: Homicide case involving Daley nephew closed without charges...
OBAMA TAKES 'BUTTER KNIFE' TO BUDGET...
Biden opens budget talks -- leaves country...
Senate Democrats dropping like flies...
Harry Reid offers spending proposal -- predicts failure...
Saudi Arabia bans all protest and marches...
Mobilizes thousands of troops to quell growing unrest...
'MASSACRE' IN ZAWIYAH...
Shi'ite protesters in Bahrain form human chain around capital...
SHOCK VIDEO: Women gunned down by soldiers in Ivory Coast...

Peter King, IRA supporter and enthusiastic counter-terrorism advocate

(Washington Post) [ A neocon; a zionist with a large jewish constituency; an
IRA terrorist supporter; looks a lot like, bears a striking resemblance to,
corrupt dodo dodd former Conn. Senator; in sum, that can’t be good. Maybe
he suffers from a multiple personality disorder. I mean … wow! Whew! ]

Milbank: The subpar lender crisis (Washington Post) [ It truly is difficult for me to
imagine Mr. Milbank as a business reporter; although, … wall street journal …
could fit. I had occasion to know a successful wall street executive, chairman,
institutional brokerage / investment banking firm, who referred to the wall street
journal as ‘total b*** s***’. I don’t think Mr. Milbank needs to refer to an ad hoc
experience which we know and can reasonably infer to be ubiquitous in kind and
that they’re all a bunch of typical american crooks (he wasn’t … but he was an old
school risk seeker long since out of the game). Academy Award winner Ferguson
is way ahead: ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the
unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on
wall street ( and declares with oscar in hand that not one high level wall street
exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the
commentator / experts recommend getting rid of the corrupt eric holder ( now
what do holder and wobama have in common … is it wall street money …………
is it a proclivity for jive-talking / b*** s*** ………all of the above, some of the above
……….. or is it something else …… here’s a hint - UPDATE: MORE CLAIMS OF
RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN
BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the New
Black Panther Party accused his former employer of instructing attorneys in the
civil rights division to ignore cases that involve black defendants and white
victims ...’ US v. AZ... Cases against Wall Street lag despite Holder’s vows to
target financial fraud Washington Post | Obama has promised to hold Wall Street
accountable for the meltdown. ) (see this film, I strongly recommend the
complete documentary – the following is a preview/summary)
[Link]

[Here’s an archived version

’Inside Job’ New Documentary Exposes Wall Street Fraud And How Banksters
Continue To Steal Our Money

Web site Link / Path to archived file: [Link]

[45mb ]
[Link] [ 65mb ] ]

Private hiring spurs drop in jobless rate (Washington Post) [ This is a tab yet to
be paid (taxpayer / treasury / public) and the costs in money the nation doen’t
have for the political obfuscation will far outway the benefits. (Gallup Reports
Underemployment Surges To 19.9%, February “Jobs Situation Deteriorates”: As
Bad As 2010 On one hand we have the Department of Truth about to tell
tomorrow that NFP based on various seasonal and birth death adjustments
increased by 250,000… Santelli: 'Good' Jobs Report Has Dark Side... …
Denninger ‘ … Summary: The report did not show any material amount of
acceleration; it is, for all intents and purposes, flat. The Household Survey
showed some people going back to work, but in terms of percentage of the
working-age population the needle did not move to any material degree. The
problem continues to be people we don't count as unemployed but in fact are,
and as such the statistical gerrymandering of the results will give both the left
and right something to spin, but in point of fact there's no evidence of an
economy that is recovering it's ability to generate both private income and tax
revenues.’ … ‘ Mason’…Over the past four weeks, the Treasury’s General
Account has dropped by almost $70 billion. Thus, between this account and the
Treasury’s Supplementary Financing Account the Fed has injected almost $170
billion reserves into the banking system in February …’ Gerald Celente: “There is
no recovery — it’s a coverup!” Sic Semper Tyrannis | Celente argues the oil prices
have been going up before the recent chaos in the Middle East. ‘…One other
point brought out by Gerald Celente is the fact that the current puppet regime in
the White House is “cooking the books” on the unemployment numbers and
current inflation rates. They are making their own rules on how to determine
inflation rates by leaving out essential information such as food and fuel prices.
The same is being done with White House unemployment numbers by simply
leaving out those who have given up looking for jobs, as well as other deceptive
“carnie” tricks (in reference to White House spokesperson Carnie) in which he
compares the administration to a traveling carnival act.

In closing, Celente states:

“… There is no recovery, it’s a coverup. It’s only being boosted by

these low interest rates, which again, when inflation skyrockets-
they’re gonna have to raise them …‘

Delusional for 2012Will: Huckabee and Gingrich are diminishing the GOP.
(Washington Post) [ That’s only if you take them seriously; and, you can’t take
neocons seriously. You know the type … the pro-zionist bush me-toos … and
don’t forget … what could be more diminishing than having failed president
‘wobama the b’ (for b*** s***) as their putative head. Perma war types all, the
pervasively corrupt america is defacto bankrupt. Drudgereport: Delaware voters
say no to Lobotomy Joe ….. Biden (the self-proclaimed zionist) -- for name of
school...
'Wobama’s Where's Waldo?' Presidency...
All Former U.S. Presidents To Get Together For TV Special Honoring George H.W.
Bush…(How totally pathetic they are! How embarrassing for NBC!) ... [ Wake up!
[Link] ]
Gingrich to announce exploratory committee 'in 10 days' [ Neo-con Dreamin’! I
mean, come on … are memories so short they don’t recall him being a total
hypocrite, zionist shill, and part of the problem though to his credit, he’s not a
mobster and complete joke as is trump! ]
CHICAGOLAND: Lawmaker Suggests BOEING'S Contract Win A Result Of Dirty
Politics... [ The contract’s with money the nation doen’t really have anyway; and,
the value of the money paid will be worth substantially less by completion; and,
no surprise … Chicago hasn’t changed much from the days of capone and is
rivaled in terms of corruption by such states as jersey, new york, etc.. ] ‘…“I’m
disappointed but not surprised,” Republican Sen. Richard Shelby said. “Only
Chicago politics could tip the scales in favor of Boeing’s inferior plane. EADS
clearly offers the more capable aircraft.”…’
Rep. Rangel Causes Stir In Courtroom; Reprimanded By Judge...NEW YORK
(CBSNewYork) – Congressman Charles Rangel caused a stir in court Friday while
trying to lend his support for bail of Afrika [Link], 17, had been a student at
the prestigious Deerfield Academy in Massachusetts. Prosecutors say she was
also a member of a drug gang that terrorized 137th Street in [Link] was
one of fourteen suspected “137th Street Crew” gang members arrested last
month. Prosecutors said the gang used shootings, beatings and robberies to
protect their turf and gain street status on a stretch of West 137th Street. The
gang allegedly openly dealt crack in apartment lobbies, near Harlem Hospital and
near the Abyssinian Baptist Church. Congressman Charles Rangel argues for Owes
getting bail to Juliet Papa of 1010 WINS

Violent spring looming in Afghanistan (Washington Post) [ See …

something to look forward to … must be that good news that keeps
getting pushed back … and spring no less … everything bombing
blooming or in war criminal american-speak … ‘booming’ … but not the
defacto bankrupt american economy for which a crash is ‘looming’.
Could somebody help me out with a translation of gates’ speech a west
point … I must be missing something … Lt. Gen. John Kelly, who lost
son to war, says U.S. largely unaware of sacrifice (Washington Post)
[ I disagree! They are very much aware; as they stand in unemployment
lines, use food stamps to get by, etc.. I hate to sound cavalier and I’m
sorry that Kelly lost a son to war, but along with the multitude of civilians
in the nations unlucky enough to provide a source of corporate welfare
to the military industrial complex and war profiteering for the few (as
warned against by President General Eisenhower), they died for
nothing, for no good reason beyond the false propaganda. Six NATO
troops killed in Afghanistan (Washington Post) [ Is there something
wrong with the following picture? … am I missing something? …
Gates's warning: Avoid land war in Asia, Middle East, and Africa
Christian Science Monitor - In a speech to cadets at the United States
Military Academy at West Point, Gates's message was clear: The US
military services, as well as the elected and appointed civilians who
send them to war, need better ways of foreseeing and preparing for ...
Gates Tells US Army to Take New Approach Voice of America
Warning Against Wars Like Iraq and Afghanistan New York Times
[ Better said, than unsaid; but, methinks a bit late for that in light of
pervasively corrupt, defacto bankrupt america’s consummate
decline and fall! If only they had listened and not shot at the
 messenger … things could have been different! ] ] American
military officials expect that the Taliban will mount a campaign to regain
ground lost to U.S. troops last year and use suicide bombing teams to
strike at those associated with the Afghan government or coalition
forces. ]

YAHOO [[Link]]: [Suckers’ rally into the close] ‘A late flurry of buying
lifted the Dow almost 90 points in less than 30 minutes, but stocks still finished
the day with marked losses as participants looked past an encouraging jobs
report to focus on oil's climb to a new two-year high…’

Employment Report: No Joy Here Denninger ‘The reaction on CNBS, in particular:

"This is a very good report."

Really?

Incidentally, I said 100k +/- 50, and we hit ... (misprint - the original link is here -
nobody's perfect!)

Nonfarm payroll employment increased by 192,000 in

February, and the unemployment rate was little changed
at 8.9 percent, the U.S. Bureau of Labor Statistics
reported today. Job gains occurred in manufacturing,
construction, professional and business services,
health care, and transportation and warehousing.

Ok, high side. The uncertainty was very high on this report, but the results are not
out of line. Those people looking for a "2" or even "3" handle (and there were lots
of people who were) have a problem though - they didn't get that.
Hourly payrolls didn't move, nor did working hours. Meh.
The spin machine will be out in force I'm sure on both sides of the political
spectrum. The market's initial reaction was to spike and then dive a bit; just
enough to nail you with a stop run if you happened to be in the futures with a
stop on at the time.
Here's the household data, which is where I focus my attention (incidentally, the
"Birth-Death" was +100kish this month - if you believe that.)
[chart]
(Click to enlarge)
There was a small uptick in actual employment in February. This has to be
maintained, of course, in order for it to continue to count. The key here is that on
this metric annualized (which removes seasonality) we were basically flat over
last month, although on the positive side of the ledger.
[chart]
(Click to enlarge)
That's a problem. We're basically flat on the labor participation rate among the
population. This must show a strong recovery or the government funding model
will collapse. You can report all the numbers you want but this is the one that
matters, and while it did not further deteriorate it also didn't turn around.
[chart]
(Click to enlarge)
"Not in labor force" - that is, those who have walked off in disgust - showed little
change this last month. Annualized it was up slightly. Again, this reflects as a
lower unemployment rate, but only because we're not counting people.
[chart]
(Click to enlarge)
No joy here.
Summary: The report did not show any material amount of acceleration; it is, for
all intents and purposes, flat. The Household Survey showed some people going
back to work, but in terms of percentage of the working-age population the
needle did not move to any material degree. The problem continues to be people
we don't count as unemployed but in fact are, and as such the statistical
gerrymandering of the results will give both the left and right something to spin,
but in point of fact there's no evidence of an economy that is recovering it's
ability to generate both private income and tax revenues.’

Stocks Hit by Middle East Worries, Financial Sector Downgrades Midnight Trader
‘4:10 PM, Mar 4, 2011 --

• DJIA down 88.32 (-0.72%) to 12,169.88

• S&P 500 down 9.82 (-0.74%) to 1,321.15
• Nasdaq down 14.07 (-0.50%) to 2,784.67

Stock Market Rally - Where's the Money Coming From? How much is Left?
Maierhofer, On Friday March 4, 2011, 12:31 pm EST

Most retail investors exited the stock market early 2009 and didn't get back in
until recently. According to Strategic Insight, investors piled a net $21 billion into
U.S. stock mutual funds in January, the biggest monthly inflow in seven years.
Is this rekindled infatuation with stocks bullish or bearish? If it is bullish, how
much more cash is waiting on the sidelines, and how much longer can the rally
last?

Once Bitten, Twice Bold

According to Michal Strahilevitz (quoted in the Wall Street Journal), a business

professor at Golden Gate University, delayed bulls are driven by what
psychologists call 'counterfactual regret' - the haunting sense of what might have
been.

Strahilevitz explains: 'These investors have been double traumatized. First in

2008 and 2009 they suffered until they said I can't take it anymore' and sold all
their stocks. And now they've had to deal with the trauma of watching the market
go up and realizing they'd be better off if only they hadn't gotten out.'

Like an annoying splinter, the regrets over being out of stocks are refreshed
every day the market goes up. Apparently, watching stocks rise from the sideline
is more painful than the perceived risk of buying at lofty prices.

Right but Wrong

The timing of retail investors reminds me of the Wall Street Journal. On March 9,
2009, the Journal ran a front-page article with the headline 'Dow 5,000 - There's a
case for it.'

This headline stuck with me because Dow 5000 is what I predicted before the
financial crisis hit in 2008. By the time the Journal pointed towards Dow 5,000, the
Dow had already lost over 50%, and I moved into the bullish camp. Via a March 2,
2009 special ETF Profit Strategy Newsletter alert, I advised to buy, buy, and buy.

True, after the initial 40 - 50% gain I got suspicious and haven't trusted the market
since. In hindsight that was foolish. Looking at fund flows, a large number of
investors are just now starting to re-enter the market, which also seems foolish.

Based on that new data, catching the initial 40-50% of the rally was much more
profitable, less nerve racking, and in risk-adjusted terms much more desirable
than entering around current prices or being invested over the last year.

Even investors that entered as early as August 2009, when the S&P 500 traded
around 1,000, have seen a gain of only 32%, if they stuck with it. At one point, the
post-April 2010 decline and May 'Flash Crash' erased eight months worth of
gains. The last 21 months of the rally were much more treacherous than the first
three months, but delivered a lower return with more stress.

Why Wrong?
The two charts below illustrate how sentiment and money flow affect stocks
(NYSEArca: VTI - News). The green bar represents buying pressure, and the red
bar selling pressure.

At the March 2009 lows, the major indexes a la Dow (DJI: ^DJI), S&P (SNP:
^GSPC), and Nasdaq (Nasdaq: ^IXIC) lost over half of their value, the financial
sector (NYSEArca: XLF - News) lost nearly 80%, investors were fed up with
stocks and threw in the towel.

At that time, there were no more sellers left. Without sellers pulling down prices,
stocks had nowhere to go but up. That's what they did.

Since the S&P blew through my initial price target, I expected a reaction at the
61.8% Fibonacci retracement level. The first chart below shows that normal
market forces returned to Wall Street when the S&P reversed within points of
reaching the 61.8% Fibonacci resistance [chart]

At S&P 1,220 there were simply more sellers than buyers. As in every market, the
stock market needs fresh dollars to create new bids and higher prices. When
sellers outnumber buyers, prices tend to fall. That's what happened.

A Formula for Disaster

The second chart below extends beyond the April 2010 highs and visually
explains what happened when the Fed's QE2 appeared on the scene. In essence,
the money flow was altered.

A picture says more than a thousand words, and even though simplified, this
chart visualizes the effect of QE2. It has kept a constant bid beneath prices. Due
to QE2 the red selling pressure bar is allowed to continue growing. At one point,
the confined selling pressure will burst like a bubble and play havoc with
prices. [chart]

All of this can be summarized in one formula:

Buying Pressure > Selling Pressure = Rising Stock Prices

How much Cash is on the Sidelines

Mutual fund cash levels are at an all time low of 3.4%. Even the 2007 all-time high
saw mutual fund levels at 3.6%.

Currently, there are 2.4 times more assets invested in equity mutual funds than in
money market funds. This is the highest ratio since after the 2007 peak but is
lower than the peak ratio of 3.0.
According to Jason Goepfert with SentimenTrader, margin debt on the NYSE
stood at $290 billion in January, one of the highest amounts in history. At the
same time free credit dipped. Due to higher debt and lower credit, the available
cash dropped to negative $46 billion, the worst figure since July 2007 (it was at
negative $44 billion in April 2010).

Air Pocket Protection

QE2 has and possibly will extend the new mania and makes the possible future
gains look so enticing. How do you milk this market without getting burned?

If you want the thrill of more gains you have to walk the tightrope. And if you're
going to walk the tightrope you'll want a safety net.

A safety net doesn't assure a perfect performance but it keeps you safe and
protects you from harm. In the investment world, a safety net - or early warning
system - will get you out of stocks before it's too late.

In fact, the stock market builds its own safety nets; it's called support. As long as
stocks teeter above support, the performance is solid while a break below usually
means the show is either over or temporarily suspended. Either way, it's time to
get out…’

Santelli: 'Good' Jobs Report Has Dark Side...

QE2 Watch Version 4.0: Fed Is 'Tone Deaf' and 'Spaghetti Tossing' Mason ‘The
Federal Reserve continues to pump funds into the banking system. Reserve
balances at Federal Reserve banks reached $1.3 trillion on March 2, 2011. This is
up from $1.1 trillion on

February 2 and up from $1.0 trillion on December 29, 2010.

These balances serve as a relatively good proxy for the excess reserves in the
banking system which averaged $1.2 trillion over the two-week period ending
February 23, 2011.

As we have reported before, there are two drivers of this increase in bank
reserves. The first, connected with the Fed’s program of quantitative easy, is the
acquisition of United State Treasury securities.
Over the past four weeks the Federal Reserve has added almost $100 billion to its
portfolio of Treasury securities. Only about $18 billion of these purchases were
offset by maturing Federal Agency issues and mortgage-backed securities.

Since the end of last year, the Fed has added $220 billion to its Treasury security
portfolio. In this case the Fed was replacing a $48 billion decline in the other
securities that were maturing.

And, in the past 13-week period, Almost $320 billion were added to the Treasury
portfolio, replacing about $80 billion in maturing Agency issues and mortgage-
backed securities.

The second driver has been the action surrounding Treasury deposits with
Federal Reserve banks. Since these deposits are a liability of the Fed, a reduction
in these deposits increases reserves in the banking system. There are two
important accounts here, the Treasury’s General Account and the Treasury’s
Supplementary Financing Account.

The Supplementary Financing Account has been used for monetary purposes
and in the current case, the Treasury has reduced the funds in this account by
$100 billion. All of this reduction came in February.

The Treasury’s General Account is used in conjunction with Treasury Tax and
Loan accounts at commercial banks and is the account that the Treasury writes
checks on. Generally tax monies are collected in the Tax and Loan accounts and
then are drawn into the Federal Reserve account as the Treasury wants to write
checks. When the Treasury writes a check, it is deposited in commercial banks,
so that bank reserves increase.

Over the past four weeks, the Treasury’s General Account has dropped by almost
$70 billion. Thus, between this account and the Treasury’s Supplementary
Financing Account the Fed has injected almost $170 billion reserves into the
banking system in February.

I need to call attention to the fact that funds moving into and out of the General
Account can vary substantially. For example, since the end of the year (which
includes the February change) this account has only fallen by $39 billion. Over
the last 13-week period, the account has actually increased by $4 billion. Tax
collections build up toward the end of the year and then are spent during the first
quarter of the year preparing for another buildup around April 15, tax collection
time.

The bottom line, the Federal Reserve is seeing that plenty of reserves are being
put into the banking system. But, the commercial banks seem to be holding onto
the reserves rather than lending them out.
Still, the growth rates of both measures of the money stock seem to be
accelerating. The year-over-year growth rate of the M1 measure of the money
stock was growing by about 5.5% in the third quarter of 2010. The growth rate
increased to 7.7% in the fourth quarter and is growing at a 10.2% rate in January
2011.

The M2 measure of the money stock has also accelerated, going from a year-
over-year rate of increase of 2.5% in the third quarter to 3.3% in the fourth quarter
to 4.3% in January.

On the surface these increases in money stock look encouraging in terms of

possible future economic growth. However, we are still seeing the same behavior
of individuals and businesses in the most recent period that we have observed
over the past two years.

The growth rates of both measures of the money stock still seem to be coming
from people that are getting out of short term "investment" vehicles and are
placing these funds in demand deposits or other transaction accounts, or in
currency.

The first piece of evidence of this relates to the reserves in the banking system.
The total reserves in the banking system have remained roughly constant over
the past year. Yet, the required reserves of the banking system have increased by
10% year-over-year. This situation could only happen if demand deposit-type of
accounts, which require more reserves behind them, were increasing relative to
time and savings accounts, which have smaller reserve requirements.

Looking at the individual account items we see that demand deposits at

commercial banks rose at a 20% year-over-year rate of growth in January. The
non-M1 part of the M2 measure of the money stock rose by only an anemic 3%
rate. Thus, the substantial shift in funds from time and savings accounts to
transaction accounts continues. There is no indication of a speeding up of money
stock growth connected with the reserves that the Fed is injecting into the
banking system.

An even more dramatic shift can be seen if we include institutional money funds
in the equation and look at what has happened in the banking system over the
past nine weeks. The non-M1 portion of M2 increased by $22 billion over this time
period. However, funds kept in institutional money funds declined by roughly $40
billion. This means that accounts that Milton Freidman would have labeled "a
temporary abode of purchasing power" actually declined by $18 billion since the
start of the year.

Demand deposits and other checkable deposits rose by about $21 billion. One
could note that currency in the hands of the public also rose by $16 billion.
The public continues to move money from relatively liquid short-term savings
vehicles to assets that can be spent by check or cash. This is not the kind of
behavior one gets in an economy that is confident and expanding. This behavior
can roughly be called "defensive".

So, another month has gone by. The Fed is aggressively executing its program of
quantitative easing. Yet, it still seems to be "pushing on a string." Why is it I
retain the feeling that the Federal Reserve’s effort is just spaghetti tossing,
seeing what might stick to the wall?

The longer this policy continues, the less confidence people seem to have in both
Ben Bernanke and the Federal Reserve. I shutter to think what Bernanke and the
Fed will do to us when the banking system actually does start lending again.

Note that some members of the Fed’s Open Market Committee are suggesting
that QE2 end abruptly at the end of June when the current program is slated to
expire. (See "Policy Makers Signal Abrupt End to Bond Purchases in June")

Does everyone in the Fed seem "tone deaf" to you? They just seem to act on pre-
conceived ideas and have no sense or feel of the banking system and financial
markets. Another confidence raiser.’

Warning: Stocks, Bond Yields Overvalued SuttmeierWe begin Friday with a new
ValuEngine Valuation Warning which occurs when more than 65% of all stocks
become overvalued. Today 66.4% of all stocks are overvalued as the market
attempts to rebound back to the February 18 highs, when 68.6% of all stocks were
overvalued. A higher bond yield is an important factor that makes stocks more
overvalued. In addition to a new valuation warning all 16 sectors are overvalued,
14 by double-digit percentages.

Beware of Improved Jobless Claims -- If Initial Jobless Claims start to trend below
350,000 per week, the FOMC will likely allow QE2 to end at the end of June, and
the market is anticipating QE3. Higher materials and energy costs are starting to
be passed on to consumers. With regular gasoline approaching $3.50 per gallon,
folks on Main Street, USA, will be driving less, which will become a drag on the
economy. In his testimonies earlier this week Fed Chief Bernanke recognized this
inflation trend as he called it temporary. The extended period for the “zero to .
25%” federal funds rate began December 16, 2008, and this environment of high
commodities prices and lower jobless claims should bring this extended period
to an end at the end of June even if unemployment is above 9%.

The major equity averages remain below their February 18 highs when the Dow
Industrial Average reached 12,391. My proprietary analytics still show weekly and
monthly resistances to limit the upside even if some of the averages continue to
new highs.

Key Levels for the Major Equity Averages

• The Dow Industrial Average (12,258) Libya Trading Range: 11,983 to 12,391.
My daily and annual value levels are 11,917 and 11,491 with weekly and
monthly risky levels at 12,461 and 12,741.

• The S&P 500 (1331.0) Libya Trading Range: 1294 to 1344. My daily and
quarterly value levels are 1290.9 and 1262.5 with weekly and monthly risky
levels at 1352.9 and 1381.3.

• The NASDAQ (2799) Libya Trading Range: 2706 to 2840. My daily value
level is 2691 with weekly, quarterly and monthly risky levels are 2860, 2853,
and 2926.

• The NASDAQ 100 (NDX) (2372) Libya Trading Range: 2285 to 2403. My daily
value level is 2279 with weekly, quarterly, and monthly risky levels at 2436,
2438, and 2499.

• Dow Transports (5111) Libya Trading Range: 4918 to 5306. My daily and
quarterly value levels are 4793 and 4671 with weekly and annual pivots at
5150 and 5179.

• The Russell 2000 (828.89) Libya Trading Range: 795 to 838. Daily and
quarterly value levels are 795.83 and 765.50 with monthly risky level at
850.79.

• The Philadelphia Semiconductor Index (SOX) (464.77) Libya Trading Range:

439 to 474. My daily value level is 441.14 with a monthly pivot is 453.89,
quarterly pivot at 465.93 and weekly risky level at 493.15.

10-Year Note -- (3.570) Weekly, annual, and semiannual value levels are 3.630,
3.796, and 4.268 with daily, monthly, annual, and semiannual risky levels at 3.355,
3.002, 2.690, 2.441, and 2.322. [chart]

Comex Gold -- ($1417.1) Annual, quarterly, weekly, semiannual, and annual value
levels are $1356.5, $1331.3, $1.316.1, $1300.6, and $1187.2 with monthly,
quarterly, daily, and semiannual risky levels at $1437.7, $1441.7, 1442.2, and
$1452.6.[chart]

Nymex Crude Oil -- ($101.82) Monthly, weekly, and semiannual value levels are
$96.43, $89.76, and $87.52 with my annual pivots at $99.91 and $101.92, and daily,
semiannual, and quarterly risky levels are $112.14, $107.14 and $110.87.[chart]
The Euro -- (1.3958) My weekly and quarterly value levels are 1.3690 and 1.3227
with a daily pivot at 1.3929. Semiannual, monthly, and annual risky levels are
1.4624, 1.4637, 1.4989, 1.6367, and 1.7312.[chart]

Daily Dow -- (12,258) Daily, annual, quarterly, semiannual, and semiannual value
levels are 11,917, 11,491, 11,395, 10,959, and 9,449 with weekly, monthly, and
annual risky levels at 12,461, 12,741,and 13,890.[chart]

Today's Markets: Betting on Blue Skies? Moenning ‘Good morning. I am often

asked why I get up so early every morning to write about something as mundane
as the stock market. The answer is simple. My primary objective relating to the
market is to stay in tune with the drivers of the action. And since those drivers
are constantly changing (and at times more than a little difficult to find), getting
an early start is the only way to keep up. Many times, the way the market reacts to
the early morning news tells you more than the news itself. Thus, I'm of the mind
that you've got to be there to witness the action and the accompanying reaction
firsthand if you want to truly understand what is going on in the game.

Thursday was a prime example of the market doing something that may have
been unexpected. I'm not talking about the joyride to the upside at the open, as
that was to be anticipated given the early inputs. No, I'm talking about the action
in the afternoon. In short, stocks continued to move higher despite the fact that
we had heard nothing further regarding the much ballyhooed Venezuelan peace
plan and that oil prices were once again movin' on up.

Here's the deal. During the current consolidation phase, stocks have been
inversely linked to the movement in oil prices the vast majority of the time. The
thinking has been that higher oil prices would eventually have a negative impact
on the global economy. And with the U.S. economic rebound just now starting to
look sustainable, another shock to the system could bring the R word back into
the mix. However, Thursday afternoon's action in the stock market suggests that
traders are instead betting on blue skies ahead.

With oil prices reversing early declines on growing skepticism over the ability of
one Hugo Chavez to help out his good buddy over in Libya, one might have
expected to see stock prices give up those big gains and take a swan dive into
the close. Don't forget, oil only finished down $0.32 on the day and closed at
$101.91. Thus, the story about the drop in oil prices that the press yammered on
about all day seemed more than a little silly by the time the closing bell rang at
the corner of Broad and Wall.

If you recall, a similar situation occurred on Wednesday. With the major indices
teetering on the edge of important support, oil prices broke to new highs as the
fighting in Libya intensified in the afternoon. And yet, while the bears appeared to
have an opening, the bulls somehow managed to hold the line.

So, given that traders have been treated to a big batch of better-than-expected
economic data this week, the action over the past two sessions seems to suggest
that the economy may trump the worry about what might (or might not) happen
with oil prices. Some traders may have been positioning themselves in front of
this morning's Jobs report after Wednesday's ADP data and Thursday's big drop
in weekly jobless claims (jobless claims came in at the lowest level since May
2008). Some may have been covering shorts after the technical support levels
held up. And while one afternoon does not a trend make, some traders may have
been readying themselves for the next leg up. After all, up until the trouble in
MENA started, just about everyone agreed that U.S. stocks had some room to run
to the upside this year.

Heck, even Jean Claude Trichet may be getting into the act of betting on blue
skies ahead. Yesterday, Mr. Trichet suggested, as only a central banker can, that
the ECB may need to start pulling back on their quantitative easing program and
start raising rates - as early as next month. Thus, the folks at the center of the
European debt crisis may also be seeing some clearing in the clouds.

Turning to this morning... Hopes for a peace deal in Libya appear to be fading as
oil climbs above $103 this morning. However, foreign markets are up nicley and
the day is all about the jobs report, so let's get to it...

On the Economic front... The Labor Department reported that Nonfarm Payrolls
rose in the month of February by 192,000. This was just slightly below the
consensus estimates for an increase of 198,000. The January totals were revised
higher to 58K from 36K and the combination of revisions for January and
December produced an increase of 58K [Link] private sector (aka the
household survey) showed gains of 222K jobs, which again was above the
estimates.

The nation’s Unemployment Rate was once again a big surprise as it fell to 8.9%,
which was below the expectations for a reading of 9.1% and January’s level of
9.0%.

Although stock futures initially rallied on the jobs report, crude's continued rude
rise has pushed prices lower in the last few minutes...
Thought for the day: Best of luck on this Friday and be sure to enjoy the
weekend!

Pre-Game Indicators

Here are the Pre-Market indicators we review each morning before the opening
bell...

• Major Foreign Markets:

o Australia: +1.14%
o Shanghai: +1.35%
o Hong Kong: +1.25%
o Japan: +1.02%
o France: +0.28%
o Germany: +0.59%
o London: +0.52%
• Crude Oil Futures: +$1.39 to $103.30
• Gold: +$1.60 to $1418.00
• Dollar: lower against the Yen, higher vs. Euro and Pound
• 10-Year Bond Yield: Currently trading at 3.524
• Stocks Futures Ahead of Open in U.S. (relative to fair value):
o S&P 500: -0.62
o Dow Jones Industrial Average: -2
o NASDAQ Composite: -1.20

Wall Street Research Summary

Upgrades:

• Progressive (PGR) - BofA/Merrill

• Marathon Oil (MRO) - Target increased at Deutsche Bank
• Valero Energy (VLO) - Target increased at Deutsche Bank
• Western Refining (WNR) - Target increased at Deutsche Bank
• Dollar Tree (DLTR) - Goldman Sachs
• Capital One (COF) - Morgan Stanley
• Simcere Pharmaceutical (SCR) - Oppenheimer
• Altera (ALTR) - RW Baird
• Fairchild Semiconductor (FCS) - RW Baird
• Intel (INTC) - RW Baird
• Lattice Semiconductor (LSCC) - RW Baird
• ON Semiconductor (ONNN) - RW Baird
• STMicroelectronics (STM) - RW Baird
• Foot Locker (FL) - Sterne, Agee
• Toronto-Dominion Bank (TD) - UBS
• Viacom (VIA) - Estimates and target increased at UBS
Downgrades:

• Citi (C) - BofA/Merrill

• Goldman Sachs (GS) - BofA/Merrill
• Amylin Pharmaceuticals (AMLN) - BMO Capital
• Cephalon (CEPH) - Oppenheimer
• Canadian Pacific (CP) - Target reduced at RBC
• Cerus Corporation (CERS) - RW Baird
• Monster Worldwide (MWW) - William Blair…’

Former Goldman director charged with insider trading Globe & Mail | Raj
Rajaratnam, the founder of hedge fund Galleon Group, is on trial on criminal
insider-trading charges.

Why the Dollar’s Reign Is Near an End Wall Street Journal | Fully 85% of foreign-
exchange transactions world-wide are trades of other currencies for dollars.

Oil Price Shock; You Ain’t Seen Nothing Yet The most common cause of a
spiking oil price is supply shock. We may be seeing just such a phenonenon
right now with the effective shut down of Libyan oil. But sometimes it’s
excessive demand that does the damage.

Oil price rises as Libya tensions grow Crude oil rose by more than $1 as fighting
in Libya intensified and amid reports of protests in Saudi Arabia’s oil-
producing eastern region.

LSE head quits over Gaddafi cash: Resignation as top judge appointed to probe
Libyan links Sir Howard Davies paid the price last night for the London
School of Economics’ controversial financial links with Libya.

You Call This An Economic Recovery? 44 Million Americans On Food Stamps and
10 Other Reasons Why The Economy Is Simply Not Getting Better When
Barack Obama, the Federal Reserve and the mainstream media tell us that
 we are in the middle of an economic recovery, is that supposed to be some
kind of sick joke?

Wisconsin Governor To Issue 1500 Layoff Notices Unless Fugitive

Democrats Return To The State In addition to “stagflation” which we
announced in January would be the word of the year, we now have a new
contender in the running for what may soon be the most popular word for
the next 10 months: “escalation.”

Silver’s Breaking Point As part of silver week, we have talked about all sorts of
factors—supply, demand, futures, backwardation, and even the
government’s manipulation of silver. The one critical factor that we didn’t
mention is how megabanks have manipulated silver as of late, and the
tremendous effect it has had on the market.

Gallup Reports Underemployment Surges To 19.9%, February “Jobs Situation

Deteriorates”: As Bad As 2010 On one hand we have the Department of
Truth about to tell tomorrow that NFP based on various seasonal and birth
death adjustments increased by 250,000.

Utah Considers Return to Gold, Silver Coins It’s been nearly 80 years since the
U.S. stopped using gold coins as legal currency, and nearly 40 since the
world abandoned the gold standard, but the precious metal could be making
a comeback in the United States — beginning in Utah.

National / World
Rolling Stone: Glenn Beck Rips Off Alex Jones [Link] | Rolling Stone
Magazine has posted a part two to follow up on its profile of Alex Jones
earlier this week.

Texas Plans to Implement REAL ID in 2013 Kurt Nimmo | Chief of Media Relations
at Texas Department of Public Safety confirms state will conform to federal
rules.

[Link] pushes ‘Defriend Day’ to #1 on Google Aaron Dykes | Campaign to

draw-down from privacy predators on Facebook and other social media
sites.

Big Brother: The Orwellian Nightmare Come True Mark Dice | Tremendous
advances in technology often come with unforeseen consequences.

Liberated Libya Rejects US Intervention TRNN | On the streets of liberated

Benghazi people say no to McCain, Lieberman and any US intervention.

World cheers as the CIA plunges Libya into chaos David Rothscum | Gaddafi is
the main threat to US hegemony in Africa.

Obama Deceptively Answers Second Amendment Question It was yet another

example demonstrating that some people in Mexico just don’t understand
the concept of liberty, the Constitution, and the Bill of Rights.

Alex Jones Invades Twitter With Hillary Clinton this week admitting that the US
military-industrial complex and the globalists are losing the information war
to alternative media outlets that cover “real news,” Alex Jones is taking the
Infowar to a whole new level by invading Twitter with a fresh culture
jamming offensive designed to bring the truth to millions more people all
over the world.
States Rebeling Against TSA: Texas The Latest To Legislate For Banning Grope-
Downs, Naked Scanners Legislation has been introduced into the Texas
House of Representatives that directly challenges the authority of the TSA in
airports within the state, specifically aimed at criminalizing the use of naked
body scanners and enhanced pat-downs.

Ron Paul Sets MSNBC Host Right On Taxes Cenk Uygur, MSNBC talking head,
demonstrates how dishonest liberals can be when making arguments that
the government has the right to steal your money at gunpoint. In an
interview with Rep. Ron Paul, he characterizes a tax cut for the oil industry
as a subsidy. Dr. Paul sets him right.

Dancing with Devil: ‘Intervention will be tragedy for Libyan people’ The Libyan
leader Colonel Gaddafi is promising more violence if US or NATO forces
dare to intervene, while the US is preparing for a humanitarian mission in
Libya and the UK has already started one.

On the Edge: Intervention Fears Rise as US, UK Forces Mass Near Libya The U.S.
and UK are becoming more isolated as they refuse to rule out intervention in
Libya. Germany has joined international voices opposing any foreign
military action. Washington, massing its forces off the Libyan coast, claims
its keeping all options open and is ready to step in if the crisis deepens.

Oil Price Shock; You Ain’t Seen Nothing Yet The most common cause of a
spiking oil price is supply shock. We may be seeing just such a phenonenon
right now with the effective shut down of Libyan oil. But sometimes it’s
excessive demand that does the damage.

Oil price rises as Libya tensions grow Crude oil rose by more than $1 as fighting
in Libya intensified and amid reports of protests in Saudi Arabia’s oil-
producing eastern region.
LSE head quits over Gaddafi cash: Resignation as top judge appointed to probe
Libyan links Sir Howard Davies paid the price last night for the London
School of Economics’ controversial financial links with Libya.

You Call This An Economic Recovery? 44 Million Americans On Food Stamps and
10 Other Reasons Why The Economy Is Simply Not Getting Better When
Barack Obama, the Federal Reserve and the mainstream media tell us that
we are in the middle of an economic recovery, is that supposed to be some
kind of sick joke?

Obama declares state governors will enforce health care bill whether they like it
or not At a recent meeting with US state governors in Washington, DC,
President Obama made clear his intent to force the individual states to
comply with his unconstitutional health care overhaul.

Soros Threatens Iran With “Bloodiest Of Revolutions” More “transparency and

accountability” was needed from other producers such as Saudi Arabia he
said. Mr Soros also predicted the Iranian regime would be overthrown in the
“bloodiest of the revolutions”.

Computer Expert: US Was Behind Stuxnet Virus A computer expert at the

influential TED Conference in California has confirmed what the New York
Times already admitted in January – that the same governments calling for
draconian cybersecurity powers in order to protect against cyber warfare
were themselves the culprits behind an act of cyber warfare that could have
triggered a new Chernobyl disaster in launching the Stuxnet worm attack
against Iran.
The TV Column: Charlie Sheen keeps talking; CBS gets in on the conversation
(Washington Post) [Wobama says daffy gaddafi’s time is up, got to go. The
same can be said of wobama et als and his fraudulently failed presidency.
Sheen On Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too
gentle in his criticism of wobama (Some might reflexively, defensively
allege drugs (prescription or otherwise) or any number of the varied
personality disorders so prevalent in america … ‘fuzzy, California laid back
thinking’, ‘whatever’… Who knows? ) But, that said, wobama’s far worse
than just a ‘coward in a cheap suit’. Indeed, Wobama’s a total fraud having
been elected under false pretenses; viz., his total, unequivocal, and
unfulfilled b*** s*** (those campaign promises) ! Moreover, there has been
some persuasive documentation questioning wobama’s citizenship /
birthplace placing his eligibility to even hold the office of president in
question. Drudgereport: UPDATE: Huckabee claims Obama grew up in
Kenya... The Obama Nation, by Jerome Corsi Rezko was corrupt, and
supported Obama in many campaigns as well as in Obama buying his
home -- and therefore, according to Corsi, Obama is corrupt
by ...[Link]/Obama_Nation.htm ] Amidst the controversy of
his wild interview on the Alex Jones Show yesterday, actor Charlie Sheen
wasted little time in confronting President Barack Obama on his failure to
answer Sheen’s twenty questions concerning 9/11, calling Obama, “a
coward in a cheap suit.” A Government Shut-down Imperils the Power
of Congress Paul Craig Roberts | Congress could try to protect its loss of
the power of the purse by impeaching Obama. Drudgereport: WOBAMA
'IMPEACHMENT' WARNING... ...to announce exploratory committee 'in 10
days' Globalist Shill Barack Obama Asks Business Leaders For Job
Creation Ideas Even As He Ships More Of Our Jobs Overseas As Part Of
The New One World Economy The other day, Barack Obama summoned a
group of business and labor leaders to the White House and “challenged”
them to come up with some great ideas for creating more jobs inside the
United States. Public confidence in Obama reaches new low (Washington
Post). Six in 10 Americans lack faith in Obama and hold lower esteem for
members of Congress, according to the latest Washington Post-ABC News
poll. Such stats as this tend to typify scenarios as this where you break
every significant campaign promise that got you elected, from endless war
(ie., Afghanistan, etc.) to not prosecuting the frauds on wall street, and the
growing realization of ‘typical’: Public confidence in Obama reaches new
low (Washington Post) Six in 10 Americans lack faith in Obama and hold
lower esteem for members of Congress, according to the latest
Washington Post-ABC News poll. Such stats as this tend to typify
scenarios as this where you break every significant campaign promise that
got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting
the frauds on wall street, and the growing realization of ‘typical’:
But still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the
world’s detriment. Firms subpoenaed in attempt to regain Fannie, Freddie
losses (Washington Post). But there’s a reason:

The following youtube video is well worth the look and explains how and why the
frauds on wall street have gotten away with their devastating fraud thus far.
The frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE BIAS AT
JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK
PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ...’ US v. AZ... Cases against Wall Street lag
despite Holder’s vows to target financial fraud Washington Post | Obama has
promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ [Link]

v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from
=PL&index=0&playnext=1 – well worth a look. [ The Obama Deception
Number 1 on U.S. Google Trends ]

While boner and barton are indeed jokes / vegetables that bespeak the single-
digit approval rate for congress, obama’s failure to deliver on promises with
as well, endless war spending despite defacto bankruptcy of the nation and
a watered down nothing financial regulation bill for talking points but little
substance, make him as big a joker, along with the dems. This well
researched / produced video tells the real story :
[Link]
v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from
=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the view.
[ The Obama Deception Number 1 on U.S. Google Trends ]

‘The Obama Deception’ Censored A viral You Tube upload of one of Alex Jones’
most popular feature films ‘The Obama Deception’ has been censored following a
spur of the moment campaign to elevate the movie’s title to the top of the major
internet search engines. In light of this development, I provide an archived site
version which appears to be complete (but will be compared with earlier version
and replaced with same if incomplete)
[Link]

Then there is the well researched, produced, and informative ‘ESOTERIC

AGENDA’ which explains how we’ve gotten to this forlorn point:
[Link] For
the Same Reason I’ve Included Here a Web Site Archived FLV Version of
Esoteric Agenda [Link]
Cohen: Time for Arabs to reject anti-semitism (Washington Post) [ Reality check
… time for israelis / jews to reject zionism and all that is entailed therein,
including an alternate reality that defies credulity, rationality, and facts; such
as, a self-rationalizing greed, anti-arab / anti-Christian predisposition and the
‘Oedipal Effect’ (blowback) engendered thereby. No, Johnny Carson was not
anti-semitic (Fred Silverman), same for Charlie Sheen (Chuck Lorre), etc.
(the list is endless inasmuch as when facts are not on their side, such
specious inflammatory arguments as ‘anti-semitism’, prejudice, are a
convenient subterfuge distracting from their weak position; ie., illegal nukes,
war crimes, ignoring u.n. resolutions, ie., 242, 338, etc., ignoring
international law. At best, no … God did not give them this land … at worst,
God took the land back when they with roman muscle crucified Christ.
Balfour was an arbitrary, incompetent, british joke.). ] ] Article | Tuesday
will be known as the day we heard from The Receiving End of Charlie
Sheen's Scorched Earth Media Tour.

Lt. Gen. John Kelly, who lost son to war, says U.S. largely unaware of sacrifice
(Washington Post) [ I disagree! They are very much aware; as they stand in
unemployment lines, use food stamps to get by, etc.. I hate to sound cavalier and
I’m sorry that Kelly lost a son to war, but along with the multitude of civilians in
the nations unlucky enough to provide a source of corporate welfare to the
military industrial complex and war profiteering for the few (as warned against by
President General Eisenhower), they died for nothing, for no good reason beyond
the false propaganda. Six NATO troops killed in Afghanistan (Washington Post)
[ Is there something wrong with the following picture? … am I missing
something? … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian Science Monitor - In a speech to cadets at the United States
Military Academy at West Point, Gates's message was clear: The US military
services, as well as the elected and appointed civilians who send them to war,
need better ways of foreseeing and preparing for ... Gates Tells US Army to
Take New Approach Voice of America Warning Against Wars Like Iraq and
Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit late
for that in light of pervasively corrupt, defacto bankrupt america’s consummate
decline and fall! If only they had listened and not shot at the messenger … things
could have been different! ]

Bernanke: Fed will respond if oil prices trigger inflation (Washington Post) [ If?
Come on … don’t make me laugh! … Inflation Is Here – Just Open Up Your Eyes
And Look At These 5 Financial Charts! (see infra) Despite what Federal Reserve
Chairman Ben Bernanke says, rampant inflation is officially here. The federal
government is constantly monkeying with the numbers to keep the “official” rate of
inflation below 2 percent, but it is becoming very difficult to deny that the cost of almost
everything is really going up these days. … Merk ‘…While we believe food inflation
will be with us for quite some time and may contribute to an unstable world
possibly for years to come, the Federal Reserve appears to be firmly in the camp
of heavily discounting food inflation. The European Central Bank (ECB), in
contrast, has historically taken commodity inflation more seriously than the Fed –
ECB President Trichet talks about his concern over "second round effects," i.e.,
commodity inflation stirring inflation throughout the value chain.
The relevance of all this is that in the U.S. it’s business as usual as far as
monetary policy is concerned. According to Fed Chair Bernanke, the U.S.
economy must grow at a rate of at least 2.5% per annum just to keep
unemployment stable, however, he has made it clear that he will pursue policies
to boost growth above that level. With oil prices soaring, he is facing yet another
headwind. Rather than mopping up the liquidity that, in our assessment, has
contributed to global commodity inflation, he may be tempted to keep the printing
press in high gear to promote economic growth.
It doesn’t really matter whether we think there is a crisis. What matters is that the
Fed doesn’t think its policies are contributing to global instability and continues
on its expansionary path…’

Jim Rogers: “Saudi Arabia Is Lying About Being Able To Increase Its Oil
Production” Jim Rogers joins Zero Hedge in being highly skeptical about
just how credible Saudi’s call for a 1MM + boost in its oil supply is: “Saudi
Arabia has been lying about the reserves for decades. Saudi Arabia the last
two times said they are going to increase production and they couldn’t
increase production. Don’t fall for that. ] Federal Reserve chairman says he
does not expect a major impact on consumer prices.

House Republicans press SEC on official's ties to Madoff (Washington Post) [ The
ultimate subterfuge. Mr. small potatoes madoff the focus of so much influence …
yet he’s in jail … and the only one … Boy, did mary shapiro become total b*** s***
fast … the current shibboleth of capital hill / all 3 branches of pervasively corrupt
u.s. government … joining the others: “The Financial Industry Has Become So
Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And
Law Enforcement” The economy cannot stabilize unless fraud is prosecuted. But
the folks in D.C. seem determined to turn a blind eye to Wall Street shenanigans,
and is now moving to defund the enforcement agencies like the SEC and CFTC.
Market Crash 2011: It Will Hit by Christmas Farrell, MarketWatch SAN LUIS
OBISPO, Calif. (MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But
they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn
scientists. Like addicts, they can’t help themselves. They want to sell stuff, get
rich…’
‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted
massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and
declares with oscar in hand that not one high level wall street exec has been
prosecuted … despite ‘earning’ billiions from the fraud ), the commentator /
experts recommend getting rid of the corrupt eric holder ( now what do holder
and wobama have in common … is it wall street money ………… is it a proclivity
for jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it
something else …… here’s a hint - UPDATE: MORE CLAIMS OF RACE BIAS AT
JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK
PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official
who quit over the handling of a voter intimidation case against the New Black
Panther Party accused his former employer of instructing attorneys in the civil
rights division to ignore cases that involve black defendants and white
victims ...’ US v. AZ... Cases against Wall Street lag despite Holder’s vows to
target financial fraud Washington Post | Obama has promised to hold Wall Street
accountable for the meltdown. ) (see this film, I strongly recommend the
complete documentary – the following is a preview/summary)
[Link]

[Here’s an archived version

’Inside Job’ New Documentary Exposes Wall Street Fraud And How Banksters
Continue To Steal Our Money

Web site Link / Path to archived file: [Link]

[45mb ]
[Link] [ 65mb ] ]

] House Republicans ramp up pressure on SEC Chairman Mary Schapiro.

Drudgereport: Gadhafi Keeps Tight Grip on Capital...

Major oil plant ablaze...
Oil millions still flow for Gadhafi...
Internet service cut again...
Battle for control...
Prayers Lead to Protests...
Rise of Islamist regimes...
AL-JAZEERA LIVE FEED... REUTERS WIRE...
Tables turned on one of Gaddafi's boy soldiers...
Rebels reject Chávez mediation offer...
Video: Bloody Battle...
Obama: Pentagon Examines 'Full Range' of Options...
Pump prices jump another 4 cents -- overnight...
Santelli: 'Good' Jobs Report Has Dark Side...
Layoffs At Pre-Recession Level; Job Openings Down 30%...
GALLUP: Unemployment Hits 10.3% in February...
UPDATE: More inconsistencies found in stimulus job creation claims...
UN: Food prices hit record high...
Gadhafi vows fight to last man...
'It's a conspiracy to take our oil'...
Rebels rout Gadhafi force attack on oil port...
Seek Airstrikes by Foreign Forces...
FARRAKHAN: JEWS PUSHING U.S. INTO WAR
Announced Job Cuts 'Rose 20% From Year Ago'...
Idaho county files for bankruptcy...
Delaware voters say no to Lobotomy Joe ….. Biden (the self-proclaimed zionist) --
for name of school...
'Wobama’s Where's Waldo?' Presidency...
All Former U.S. Presidents To Get Together For TV Special Honoring George H.W.
Bush…(How totally pathetic they are! How embarrassing for NBC!) ... [ Wake up!
[Link] ]
U.S. assault ships clear Suez, enter Med Sea on way to Libya...
Panic on borders...
...180,000 refugees pour into Tunisia, Egypt
Could become "a giant Somalia"...
AL-JAZEERA LIVE FEED... REUTERS WIRE...
Gunman kills 2 US airmen at German airport...
Shouts 'Allah Akbar' before shooting...
GOLD HITS NEW HIGH -- AGAIN...
Angry mob confronts Wisconsin GOP Senator... Video...
Wisc GOP passes bill to fine AWOL Dems...
White House seeks $15 billion from federal property sales...
OIL SHOCK AS MIDEAST SPIRALS
More Than 140,000 People Flee Libya...
Gadhafi forces retake towns near capital...
Cameron backtracks on no-fly zone plan...
Astonishing wealth of Gaddafi and his family revealed...
WIKILEAKS' ASSANGE CITED JEWISH CONSPIRACY...
YEMEN RAGES...
President says US, Israel behind unrest...
Fashion Week Führer: DIOR Fires Galliano After Racism Complaints...
'I love Hitler'...
'Your parents should have been gassed'...
FADE: OSCAR RATINGS DOWN 10% ...
Injury Added to Insult... [ In terms of production value (rich in content in every way), I believe
this to be as good and in my view better than ever as award ceremonies can be without the
inimitable Bob Hope. I believe any falloff can be directly attributable to last year the academy’s
egregious misstep in over-looking ‘Avatar’ / Cameron presaging a similar fate concerning my
clear choice of ‘Inception’ / Nolan ( Truth be told, I’ve yet to see ‘The King’s Speech’ failing to
muster any enthusiasm for seeing a film centered around a ‘so-called royal’ trying to over-come a
speech impediment, albeit a minor one, regardless of circumstances; viz., stuttering, though I
would concede that it was probably well done. We all know of the problems attendant to english
royal inbreeding…ho hum… I did find ‘The Black Swan’ superb but attribute same to my own bias
and fascination with viewing female ballet dancing). Bob Hope: Academy Awards, ‘passover’ …
very funny! ]
CIVIL WAR WEEKEND
Armed pro-Gaddafi gangs roll in Tripoli...
...Shooting from ambulances...
GRAFFITI AND BARRICADES...
Gaddafi vows to crush protesters...
Egypt protesters dispersed by force...
Al Qaeda calls for revolt against Arab rulers...
Obama to Gaddafi: Leave now...
UN Security Council passes votes to sanction...
Gas prices surge 17 cents in a week...
Motorist Calls Police Over Rising Prices...
OBAMA: CAN WE DRILL NOW?
LONDON DRIVERS PAYING $9 A GALLON...
Spain reduces motorway speed limit to save oil...
WOBAMA 'IMPEACHMENT' WARNING... ...to announce exploratory committee 'in
10 days'
WEST MOVES MILITARY ASSETS AROUND LIBYA
CharlieSheen Publicist Runs For Hills...
Actor set to sue CBS for $320M, 'mental anguish'...
The Legal Letter...
THE 'TODAY' INTERVIEW...
NY MAG: Madoff on Madoff: The Jailhouse Tapes...
Government a Ponzi scheme...
CIVIL WAR WEEKEND...
Anti-Gaddafi forces widen control...
Take town 30 miles from Tripoli...
Security forces defect...
Armed pro-gangs roll in capital...
...shooting from ambulances
STUDY: World's sixth 'mass extinction' may be underway…[Much, much too
optimistic relative to reality] ...
ISRAELI'S YOUTUBE SPOOF OF GADHAFI CATCHES ON IN ARAB WORLD...
Police station, state office burning in Oman town...
Tunisia prime minister resigns...
Gingrich to announce exploratory committee 'in 10 days' [ Neo-con Dreamin’! I
mean, come on … are memories so short they don’t recall him being a total
hypocrite, zionist shill, and part of the problem though to his credit, he’s not a
mobster and complete joke as is trump! ]
CHICAGOLAND: Lawmaker Suggests BOEING'S Contract Win A Result Of Dirty
Politics... [ The contract’s with money the nation doen’t really have anyway; and,
the value of the money paid will be worth substantially less by completion; and,
no surprise … Chicago hasn’t changed much from the days of capone and is
rivaled in terms of corruption by such states as jersey, new york, etc.. ] ‘…“I’m
disappointed but not surprised,” Republican Sen. Richard Shelby said. “Only
Chicago politics could tip the scales in favor of Boeing’s inferior plane. EADS
clearly offers the more capable aircraft.”…’
Rep. Rangel Causes Stir In Courtroom; Reprimanded By Judge...NEW YORK
(CBSNewYork) – Congressman Charles Rangel caused a stir in court Friday while
trying to lend his support for bail of Afrika [Link], 17, had been a student at
the prestigious Deerfield Academy in Massachusetts. Prosecutors say she was
also a member of a drug gang that terrorized 137th Street in [Link] was
one of fourteen suspected “137th Street Crew” gang members arrested last
month. Prosecutors said the gang used shootings, beatings and robberies to
protect their turf and gain street status on a stretch of West 137th Street. The
gang allegedly openly dealt crack in apartment lobbies, near Harlem Hospital and
near the Abyssinian Baptist Church. Congressman Charles Rangel argues for
Owes getting bail to Juliet Papa of 1010 WINS

Stocks rally(Washington Post) [ Come on! You can’t believe anything these
desperate desparados say! What news, bad or good, don’t the frauds on wall
street rejoice at (you can do that with manipulated cumputerized trading)
Drudgereport: Layoffs At Pre-Recession Level; Job Openings Down 30%...
GALLUP: Unemployment Hits 10.3% in February...
UPDATE: More inconsistencies found in stimulus job creation claims...
UN: Food prices hit record high...
Announced Job Cuts 'Rose 20% From Year Ago'...

This manipulated bubble rally in this secular bear market based on b*** s*** alone
is an especially great opportunity to sell / take profits while you can since
there's much worse to come!

Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global
stock markets, including China, Brazil, India and Hong Kong, have been in
fairly significant corrections since November, down between 12% and 17%.
Their major concerns have been rising inflation and the resulting monetary
tightening by their central banks to combat the inflationary pressures...So
 was this week’s stumble the beginning of a more serious correction? The
events and reports this week did provide more evidence that the stock
market may be ahead of reality regarding prospects for the economy, and
therefore corporate earnings, going forward, which should at least limit the
market’s upside potential. Limited upside potential equals more downside
risk? It might be wise to lighten up some into strength that may develop over
the next few days during the ‘monthly strength period.’ ] Wall Street
rejoices in an unexpected drop in jobless claims.

Violent spring looming in Afghanistan (Washington Post) [ See … something to

look forward to … must be that good news that keeps getting pushed back … and
spring no less … everything bombing blooming or in war criminal american-
speak … ‘booming’ … but not the defacto bankrupt american economy for which
a crash is ‘looming’. Could somebody help me out with a translation of gates’
speech a west point … I must be missing something … Lt. Gen. John Kelly, who
lost son to war, says U.S. largely unaware of sacrifice (Washington Post) [ I
disagree! They are very much aware; as they stand in unemployment lines, use
food stamps to get by, etc.. I hate to sound cavalier and I’m sorry that Kelly lost a
son to war, but along with the multitude of civilians in the nations unlucky
enough to provide a source of corporate welfare to the military industrial complex
and war profiteering for the few (as warned against by President General
Eisenhower), they died for nothing, for no good reason beyond the false
propaganda. Six NATO troops killed in Afghanistan (Washington Post) [ Is there
something wrong with the following picture? … am I missing something? …
Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian
Science Monitor - In a speech to cadets at the United States Military Academy at
West Point, Gates's message was clear: The US military services, as well as the
elected and appointed civilians who send them to war, need better ways of
foreseeing and preparing for ... Gates Tells US Army to Take New Approach
Voice of America Warning Against Wars Like Iraq and Afghanistan New York
Times [ Better said, than unsaid; but, methinks a bit late for that in light of
pervasively corrupt, defacto bankrupt america’s consummate decline and fall! If
only they had listened and not shot at the messenger … things could have been
different! ] ] American military officials expect that the Taliban will mount a
campaign to regain ground lost to U.S. troops last year and use suicide bombing
teams to strike at those associated with the Afghan government or coalition
forces.
Public pension shortfalls could reach $1.5T (Washington Post) [ First, I think this
is a low-ball estimate since it may assume some of the wildeyed
assumptions beyond those being discounted in this figure. Then there’s
social (in)security. Next, there’s the private pension shortfalls, particularly in
the defined benefit plans. Most importantly is the defacto bankruptcy of the
nation and the insurmountable debt / debt service attendant thereto. In sum,
without exaggeration it really is quite a bad picture here beyond the paper
fraud / froth frenzy on fraudulent wall street which of course has and still
remains a significant part of the problem. Prosecution, fines, disgorgement,
well deserved of the frauds on wall street could significantly help lessen the
shortfalls. ] The pension funds for state and local workers are understating
the amount they will owe workers by $1.5T or more, according to some
economists who have studied the issue, meaning that the benefits are much
costlier than many governments thought.

Krauthammer: Converts to the Bush Doctrine (Washington Post) [ ‘bush

doctrine’? What’s that? Moronics([Link] ,
imbecility, war crimes ([Link] ), etc.?
Dumbya bush has been nothing less than a one-man wrecking crew,
domestically and internationally and ‘wobama the b’(for b*** s***) has
followed suit. Where do they get the likes of krauthammer on the right,
Milbank on the left, etc.. Wake up! ]

U.S. prepares for possible rise of new Islamist regimes Revolutions may bring a
more religious cast to Mideast politics (Washington Post) [ Oh riiiiight!
Pervasively corrupt, defacto bankrupt america, the ‘johnny on the spot’ when it
comes to being ahead of the events / curve … and they’re so interested in
democratization … as in Saudi Arabia, etc… Egypt, Serbia, Georgia… The History
of US Sponsored “Democratization” There is a Russian proverb: only a fool
learns from his own mistakes. As Georgia’s foreign minister visits his Egyptian
counterpart, there are lessons for Egypt in similar revolutions in eastern Europe
and the ex-Soviet Union. ] Recent developments have alarmed some who fear that
the governments taking shape will inevitably undercut democratic reforms.
Commerce Data Shows Personal Incomes Rising but Few Americans Believe It
[ Yeah, they don’t believe it because it’s not true. Scandal scarred commerce
department of pervasively corrupt, defacto bankrupt, and very desperate
america? Come on, give us all a break. ] Zielinski ‘American workers should be
celebrating the latest numbers from the U.S. Department of Commerce that show
personal income at all time highs. Since taking a rather sharp dip during the
recession of 2008-2009, personal income has soared to almost $13 trillion, up
from $12 trillion in early 2009.

[chart] (Click to enlarge)

Getting Americans to believe that their incomes have actually increased is

another story. While the Department of Commerce is reporting all time highs in
income, another survey released by Fannie Mae shows the opposite.

Fannie Mae ([Link]) conducts a National Housing Survey every quarter that
polls homeowners and renters in depth about their confidence in
homeownership, overall confidence in the economy and the current state of their
household finances.

The latest National Housing Survey for the fourth quarter of 2010 polled 3,407
Americans and the results do not reflect the rosy income numbers reported by
the Department of Commerce.

The survey revealed that 62% of all respondents believe the U.S. economy is on
the wrong track, 60% reported that monthly household income was the same as a
year ago and 34% said that their monthly expenses were "significantly higher"
than a year ago. Only 19% of those polled said their incomes were significantly
higher.

Keep in mind that Americans do not normally "inflation adjust" their perception of
personal income – when respondents say that their income has not changed, it
means they are receiving the same absolute amount of dollars, unadjusted for
inflation.

[chart] (Click to enlarge)

Total personal income may have increased but income gains seem to have been
limited to a small minority of Americans.

In any event, if most Americans have not seen an increase in their monthly
incomes, there is little reason for comfort going forward. As higher oil and
commodity prices work their way through the system, the basic cost of living will
increase for everyone. If that’s not enough, once Fed Chairman Bernanke’s
obsession with creating higher inflation succeeds, we are all apt to feel poorer.’

3 Market Valuation Indicators Continue to Signal Caution Short ‘Yesterday I

posted monthly updates of the three valuation indicators I routinely follow:

• The relationship of the S&P Composite to a regression trendline (more)

• The cyclical P/E ratio using the trailing 10-year earnings as the divisor
(more)
• The Q Ratio — the total price of the market divided by its replacement cost
(more)

This post is essentially an overview and summary by way of chart overlays of the
three. To facilitate comparisons, I've adjusted the Q Ratio and P/E10 to their
arithmetic mean, which I represent as zero. Thus the percentages on the vertical
axis show the over/undervaluation as a percent above mean value, which I'm
using as a surrogate for fair value. Based on the latest S&P 500 monthly data, the
index is overvalued by 72%, 48% or 43%, depending on which of the three metrics
you choose.
I've plotted the S&P regression data as an area chart type rather than a line to
make the comparisons a bit easier to read. It also reinforces the difference
between the two line charts — both being simple ratios — and the regression
series, which measures the distance from an exponential regression on a log
chart.
click to enlarge images
[chart]

The chart below differs from the one above in that the two valuation ratios (P/E
and Q) are adjusted to their geometric mean rather than their arithmetic mean
(which is what most people think of as the "average"). The geometric mean
weights the central tendency of a series of numbers, thus calling attention to
outliers. In my view, the first chart does a satisfactory job of illustrating these
three approaches to market valuation, but I've included the geometric variant as
an interesting alternative view for P/E and Q.
[chart]

As I've frequently pointed out, these indicators aren't useful as short-term signals
of market direction. Periods of over- and under-valuation can last for years. But
they can play a role in framing longer-term expectations of investment returns. At
present they suggest a cautious outlook and guarded expections.’
Bulls Find a Way to Rally: Dave's Daily ‘ Stocks rallied on economic data (better
than expected Jobless Claims & ISM Data) and hopes (I kid you not!) that
Libya might accept mediation via Hugo Chavez which drove oil prices
slightly lower. That's about the gist of it as best I can tell. Most markets
reversed course with stocks higher, bonds much lower, precious metals
down and commodities lower overall. I woke up this morning in Las Vegas
(family reunion) and thought something big must have happened and other
than the points rallied didn't really see that much. But, let's remember, bulls
are a trigger happy bunch, believe the Fed might continue QE forever (more
POMO today) and MENA is nothing to worry about "today". Further, with
great expectations, bulls must believe the non-farm payrolls report Friday
will bring much joy. One pundit yesterday noted markets were "resilient"
and was grateful oil prices weren't "too high" (he must not commute). That's
basically the bullish mindset. Retail Sales were reported as good and with oil
still over $100; SUVs are believed to be flying off car lots. This is hard to
imagine. The next "I got to have it" iPad2 was introduced and if you had the
original would you really jump to the new one? Yes, for those in Hollywood
or executive offices of hedge funds and Wall Street. But, no matter how you
slice it this week has seen extraordinary volatility and it's not over yet…’

Bernanke Throws Gasoline on the Fire Payne ‘

Sustained rises in the prices of oil or other commodities would

represent a threat both to economic growth and to overall price
stability, particularly if they were to cause inflation expectations to
become less well anchored. -Ben Bernanke

If it's all about expectations then I think the Federal Reserve Chairmen added
gasoline to the fire on Tuesday. Many people already see inflation and don't
expect it to go away anytime soon. This puts the Fed in a tough position because
so far it has been able to get what it wants in the perception department. The
wealth effect is creeping back. People aren't afraid to open their 401K statements.
Yet, on that note, people aren't flocking to the stock market as most still seek
comfort in precious metals or prefer cooling their heels on the sidelines.

Despite soaring consumer confidence surveys, to which Bernanke referred,

visions of March 2009 burns bright in the minds of many. This actually makes the
market more vulnerable to a series of lower moves based solely on a domino
effect of fear. But this all falls into the emotion category, and while moves from
these emotions can be sharp and abrupt, they don't reflect true value or future
potential. What it does is create one heck of a dilemma. It also could be a heck of
a challenge for investors, active and those on the sidelines, still smarting about
that nuclear meltdown of 2009.

In the meantime, Bernanke might have sold the wisdom of QE 1 and 2 so well that
the foregone conclusion is that there is no way the economy (stock market…
wink) should need additional help. That means the stock market has to find new
sources to make up for the Fed's $75.0 billion monthly injections. It's highly
unlikely individual investors will make up that number, and professionals may not
have the powder. Plus, those professionals are held to greater accountability.
Yes, there are still trillions of dollars on the sidelines and people are becoming
more eager to make money, but that still has to translate into taking chances. It's
easier to take chances when one feels confident.

I continue to believe such confidence begins with our government. The House
passed a stopgap budget bill giving lawmakers two weeks to figure out where to
cut and by how much. Republicans in the House have already passed a bill with
$61.0 billion in cuts but Democrats are balking. They point to a report from
Goldman Sachs (GS) that says such cuts would decrease GDP by 1.5% to 2.0% in
the second and third quarters. Mark Zandi says the cuts would cost 700,000 job
losses through 2012. I beg to differ. Fiscal responsibility would embolden people
to put money to work knowing their own government is becoming responsible.

But the White House holds the wildcard, and that's to lower corporate taxes. We
saw consumer income climb from the payroll tax cut, I think we could see
massive money pour into society the right way, through job hires and research
and development. Let U.S. businesses bring money parked abroad back home
and we could find a source to take the place of that $75.0 billion gravy train that
will probably come to a halt in June. The market can handle higher prices as a
consequence of lower unemployment and rising wages. But, the Fed has fueled
the rise in crude as much as it has played the role in gold and silver spiking
higher. There is a demand dynamic to crude, particularly in emerging markets.

Going into the close on Tuesday we also learned there is surprising domestic
demand for petroleum.

American Petroleum Institute reported on changes in inventories.

Crude drawdown: 1.08 million barrels (consensus was build of 1.6 million)
Gasoline drawdown: 4.9 million barrels (consensus build of 900,000)
Distillates drawdown: 1.44 million (consensus drawdown of 1.8 million)

I still believe most of Tuesday's spike was Bernanke talking up oil and the notion
of commodities climbing on expectations of higher prices.
[chart]
Consumers are talking a good game about confidence, but it's going to take
serious job gains for them to put their money where their survey responses are. I
think the January jobs number could come in above 200,000, but I wonder if
weather could have played a role or could we have yet another disappointment.

Confidence would get a boost with a quick resolution in the Middle East. Right
now, it looks like Saudi Arabia gets through along with Oman and Yemen. Libya
would seem like a done deal, although waking up to learn Qaddafi launched an
unsuccessful counterattack yesterday was unnerving. Now, dissidents might ask
America to provide air attacks as cover for their own counterattack. As it stands,
we have two U.S. Naval battleships heading to Libya for humanitarian assistance.’

Housing Market, Community Banks Will Drag the Economy Suttmeier ‘The Fed’s
Beige Books are the gossip columns from the 12 Fed districts, and the anecdotal
evidence shows that despite some economic improvements, the housing market
continues to be a drag, and that community banks are still reluctant to lend. The
FDIC Quarterly Banking Profile is the balance sheet of the US economy, and
nearly 60% of all community banks still face balance sheet stress that makes it
difficult to increase lending, as noncurrent loans continue to be a burden.

The latest Beige Book, released on Wednesday, showed that economic growth
continued to expand at a modest to moderate pace in January and early February.
The major headwind has been residential real estate activity and some Fed
districts reported a slight increase in activity, but the overall level of home sales
and construction remained low. Nonresidential construction was described as
weak.

In a separate report from the FDIC, their Quarterly Banking Profile for the fourth
quarter showed continued stress among the community banks that provide
funding to real estate lending. Overexposures to Construction & Development
Loans and Commercial Real Estate Loans continued. This correlates to the Beige
Book reporting that credit standards were unchanged to tighter.

• The FDIC List of Problem Banks rose by 24 in the fourth quarter to 884 from
860, which is 11.5% of the 7,657 FDIC-insured financial institutions.

• 1,265 community banks remain overexposed to C&D loans and another

1,358 are overexposed to CRE loans, which includes nonfarm and
nonresidential real estate loans. The total, 2,623 community banks, is
34.3% of all banks that still need to unwind risk exposures.

• Looking at Pipeline Risk, which is the ratio of CRE loans to CRE loan
commitments, 4,479 community banks have a Pipeline of 80% or higher,
which is 58.5% of all FDIC-insured financial institutions.
 • Total Assets in the banking system declined $51.8 billion in the fourth
quarter of 2010 with C&D loans down $32.5 billion. Even so C&D loans still
total $321.6 billion with nonfarm, non-residential real estate loans at $1.07
trillion, and problem loans continue.

The housing market thus remains a drag on the US economy, and the network of
community banks are not fit financially to increase lending to homebuilders and
to potential home buyers. This environment caused the 2008/2009 recession and
because the environment is not improving, housing and the banking system can
again drag the economy into a double dip. I have been calling it “The Great Credit
Crunch” since March 2007, and the crunch continues in 2011.

10-Year Note -- (3.477) Weekly and annual value levels are 3.630 and 3.796 with
the 50-day simple moving average at 3.446 and daily and monthly risky levels at
3.356 and 3.002.

[chart]
Source: Thomson / Reuters

Comex Gold -- ($1434.1) Strength tested my monthly and quarterly risky levels at
$1437.7 and $1441.7. The 50-day simple moving average is $1375.8 with
semiannual risky level at $1452.6.

[chart]
Source: Thomson / Reuters

Nymex Crude Oil -- ($102.44) My annual pivots at $99.91 and $101.92 have
become strong magnets. My monthly value level is $96.43 with semiannual, daily,
and quarterly risky levels at $107.14, $108.37, and $110.87.

[chart]
Source: Thomson / Reuters

The Euro -- (1.3863) It tested Wednesday’s risky level at 1.3898. My weekly and
quarterly value levels are 1.3690 and 1.3227 with a daily risky level at 1.3942. The
euro remains below its 200-week simple moving average at 1.3953.

[chart]
Source: Thomson / Reuters

Daily Dow: (12,067) It's trading between its 50-day simple moving average at
11,916 and its 21-day simple moving average at 12,148. Daily and annual value
levels are 11,977 and 11,491 with weekly, monthly, and annual risky levels at
12,461, 12,741, and 13,890.
[chart]
Source: Thomson / Reuters

ValuEngine Valuation Warning -- A ValuEngine Valuation Warning occurs when

more than 65% of all stocks in the ValuEngine universe are calculated to be
overvalued. On February 18, 68.6% of all stocks were overvalued, which was the
highest of the year. Today 62.1% of all stocks are overvalued. All 15 of 16 sectors
are overvalued, eight by double-digit percentages.

Key Levels for the Major Equity Averages

• The Dow Industrial Average (12,067) Libya Trading Range: 11,983 to 12,391.
My daily and annual value levels are 11,977 and 11,491 with weekly and
monthly risky levels at 12,461 and 12,741.

• The S&P 500 (1308.4) Libya Trading Range: 1294 to 1344. The 50-day is
1293.55 with the 21-day at 1319.83. My daily and quarterly value levels are
1291.2 and 1262.5 with weekly and monthly risky levels at 1352.9 and
1381.3.

• The Nasdaq (2748) Libya Trading Range: 2706 to 2840. The 50-day is
2733.76 with the 21-day at 2779.85. My daily value level is 2690 with weekly,
quarterly, and monthly risky levels at 2860, 2853, and 2926.

• The Nasdaq 100 (NDX) (2327) Libya Trading Range: 2285 to 2403. The 50-
day is 2304.84 with the 21-day at 2350.52. My daily value level is 2268 with
weekly, quarterly, and monthly risky levels at 2436, 2438, and 2499.

• Dow Transports (4957) Libya Trading Range: 4918 to 5306. Below its 50-
day at 5126. My daily and quarterly value levels are 4804 and 4671 with
weekly and annual pivots at 5150 and 5179.

• The Russell 2000 (810.90) Libya Trading Range: 795 to 838. The 50-day is
799.71 with the 21-day at 813.44. Daily and quarterly value levels are 793.95
and 765.50 with weekly and monthly risky levels at 826.33 and 850.79.

• The Philadelphia Semiconductor Index (SOX) (456.09) Libya Trading Range:

439 to 474. The 50-day is 441.01 with the 21-day at 459.17. My daily value
level is 438.94 with a monthly pivot at 453.89, quarterly pivot at 465.93, and
weekly risky level at 493.15.’
Former Goldman director charged with insider trading Globe & Mail | Raj
Rajaratnam, the founder of hedge fund Galleon Group, is on trial on criminal
insider-trading charges.

Why the Dollar’s Reign Is Near an End Wall Street Journal | Fully 85% of foreign-
exchange transactions world-wide are trades of other currencies for dollars.

Ron Paul To Ben Bernanke “I Want A Definition Of Money!” MOX News |

Congressman overseeing monetary policy questions Fed chair.

China Gold Demand Voracious – Chinese Yuan Gold Standard? Gold and silver
have recovered somewhat from slight falls in Asia overnight and are now
higher against the British pound and Swiss franc which are weaker this
morning. With geopolitical instability looking set to escalate and the real
possibility of a military confrontation in the Mediterranean, any sell off in the
precious metals will likely be tentative.

Monetization and Debt Will Only Bring Inflation Many ask, what will happen when
quantitative easing ends? China doesn’t want to accumulate more Treasury
and Agency bonds and we find the buying from London and the Cayman
Islands questionable at best.

97% of All U.S. Mortgages are Backed by the Government I heard a recent talk by
Richard Wolff – Professor of Economics Emeritus at the University of
Massachusetts in Amherst (PhD in Economics from Yale) – where Wolff said
that 97% of all U.S. mortgages are either written or guaranteed by the
government.

Oil: How High Will It Go? Some emails have been stacking up with regard to
what’s happening with oil prices. In summary, people are wondering, “How
high will it go?” and “How bad could this get?” and “Is this it?” etc.
National / World

TSA Controversy Explodes Steve Watson | One week is a long time in the world of
TSA tyranny .

Making “V”ictory a Reality: Answer to 1984 Contest Entry Infowars | An awesome

example of peaceful activism in the fight against 1984.

James Woolsey denies CIA media control Aaron Dykes | Former CIA director plays
dumb on Operation Mockingbird and admitted media propaganda.

Zakaria: America is Doomed Because It Fails to Embrace Globalism Kurt Nimmo |

Fareed Zakaria is a member of both the CFR and Rockefeller’s Trilateral
Commission.

Rolling Stone Gets Alex Jones Wrong Saman Mohammadi | Alex is attracting
listeners because he doesn’t play the false left-right game like Glenn Beck
and other clowns on television.

On Charles Ponzi Day We Celebrate Another All Time Record In Food Stamp
Usage Bernanke’s plan to recreate Libya in our own back yard is continuing
to work magnificently. It is no surprise that on Charles Ponzi day, the update
to food stamp usage indicates that in December those receiving an average
of $134 per month has just hit 44.1 million people.

Gas Prices Jump 4 Cents Overnight Gas prices jumped 4 cents overnight, with
the average American driver now paying more than $3.40 a gallon.

Hillary Clinton: ‘We Are Losing The Infowar’ Secretary of State Hillary Clinton
made a tacit admission during a U.S. Foreign Policy Priorities committee
meeting yesterday, arguing that the State Department needs more money
because the US military-industrial complex is “losing the information war” to
 the likes of Russia Today and Al Jazeera due to the US corporate media
having completely abandoned “real news”.

Wars, Rumors Of Wars, Skyrocketing Oil Prices And Global Economic Chaos –
Why Is All Of This Happening? Did anyone out there anticipate that 2011
would be such a wild year?

Egypt, Serbia, Georgia… The History of US Sponsored “Democratization” There

is a Russian proverb: only a fool learns from his own mistakes. As Georgia’s
foreign minister visits his Egyptian counterpart, there are lessons for Egypt
in similar revolutions in eastern Europe and the ex-Soviet Union.

The TV Column: Charlie Sheen keeps talking; CBS gets in on the conversation
(Washington Post) [Wobama says daffy gaddafi’s time is up, got to go. The
same can be said of wobama et als and his fraudulently failed presidency.
Sheen On Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too
gentle in his criticism of wobama (Some might reflexively, defensively
allege drugs (prescription or otherwise) or any number of the varied
personality disorders so prevalent in america … ‘fuzzy, California laid
back thinking’, ‘whatever’… Who knows? ) But, that said, wobama’s far
worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a total fraud
having been elected under false pretenses; viz., his total, unequivocal, and
unfulfilled b*** s*** (those campaign promises) ! Moreover, there has
been some persuasive documentation questioning wobama’s citizenship /
birthplace placing his eligibility to even hold the office of president in
question. Drudgereport: UPDATE: Huckabee claims Obama grew up in
Kenya... The Obama Nation, by Jerome Corsi Rezko was corrupt, and
supported Obama in many campaigns as well as in Obama buying his
home -- and therefore, according to Corsi, Obama is corrupt
by ...[Link]/Obama_Nation.htm ] Amidst the controversy of
his wild interview on the Alex Jones Show yesterday, actor Charlie Sheen
wasted little time in confronting President Barack Obama on his failure to
answer Sheen’s twenty questions concerning 9/11, calling Obama, “a
coward in a cheap suit.” A Government Shut-down Imperils the Power
of Congress Paul Craig Roberts | Congress could try to protect its loss of the
 power of the purse by impeaching Obama. Drudgereport: WOBAMA
'IMPEACHMENT' WARNING... ...to announce exploratory committee
'in 10 days' Globalist Shill Barack Obama Asks Business Leaders For
Job Creation Ideas Even As He Ships More Of Our Jobs Overseas As Part
Of The New One World Economy The other day, Barack Obama
summoned a group of business and labor leaders to the White House and
“challenged” them to come up with some great ideas for creating more
jobs inside the United States. Public confidence in Obama reaches new
low (Washington Post). Six in 10 Americans lack faith in Obama and hold
lower esteem for members of Congress, according to the latest Washington
Post-ABC News poll. Such stats as this tend to typify scenarios as this
where you break every significant campaign promise that got you elected,
from endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on
wall street, and the growing realization of ‘typical’: Public confidence in
Obama reaches new low (Washington Post) Six in 10 Americans lack faith
in Obama and hold lower esteem for members of Congress, according to
the latest Washington Post-ABC News poll. Such stats as this tend to typify
scenarios as this where you break every significant campaign promise that
got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting
the frauds on wall street, and the growing realization of ‘typical’:

But still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the
world’s detriment. Firms subpoenaed in attempt to regain Fannie, Freddie
losses (Washington Post). But there’s a reason:

The following youtube video is well worth the look and explains how and why the
frauds on wall street have gotten away with their devastating fraud thus far.
The frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE BIAS AT
JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK
PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ...’ US v. AZ... Cases against Wall Street lag
despite Holder’s vows to target financial fraud Washington Post | Obama has
promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ [Link]

v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from
=PL&index=0&playnext=1 – well worth a look. [ The Obama Deception
Number 1 on U.S. Google Trends ]
While boner and barton are indeed jokes / vegetables that bespeak the single-
digit approval rate for congress, obama’s failure to deliver on promises with
as well, endless war spending despite defacto bankruptcy of the nation and
a watered down nothing financial regulation bill for talking points but little
substance, make him as big a joker, along with the dems. This well
researched / produced video tells the real story :
[Link]
v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from
=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the view.
[ The Obama Deception Number 1 on U.S. Google Trends ]

‘The Obama Deception’ Censored A viral You Tube upload of one of Alex Jones’
most popular feature films ‘The Obama Deception’ has been censored following a
spur of the moment campaign to elevate the movie’s title to the top of the major
internet search engines. In light of this development, I provide an archived site
version which appears to be complete (but will be compared with earlier version
and replaced with same if incomplete)
[Link]

Then there is the well researched, produced, and informative ‘ESOTERIC

AGENDA’ which explains how we’ve gotten to this forlorn point:
[Link] For
the Same Reason I’ve Included Here a Web Site Archived FLV Version of
Esoteric Agenda [Link]

Cohen: Time for Arabs to reject anti-semitism (Washington Post) [ Reality check
… time for israelis / jews to reject zionism and all that is entailed therein,
including an alternate reality that defies credulity, rationality, and facts; such
as, a self-rationalizing greed, anti-arab / anti-Christian predisposition and the
‘Oedipal Effect’ (blowback) engendered thereby. No, Johnny Carson was not
anti-semitic (Fred Silverman), same for Charlie Sheen (Chuck Lorre), etc.
(the list is endless inasmuch as when facts are not on their side, such
specious inflammatory arguments as ‘anti-semitism’, prejudice, are a
convenient subterfuge distracting from their weak position; ie., illegal nukes,
war crimes, ignoring u.n. resolutions, ie., 242, 338, etc., ignoring
international law. At best, no … God did not give them this land … at worst,
God took the land back when they with roman muscle crucified Christ.
Balfour was an arbitrary, incompetent, british joke.). ] ] Article | Tuesday
will be known as the day we heard from The Receiving End of Charlie
Sheen's Scorched Earth Media Tour.
Bernanke: Fed will respond if oil prices trigger inflation (Washington Post) [ If?
Come on … don’t make me laugh! … Inflation Is Here – Just Open Up Your Eyes
And Look At These 5 Financial Charts! (see infra) Despite what Federal Reserve
Chairman Ben Bernanke says, rampant inflation is officially here. The federal
government is constantly monkeying with the numbers to keep the “official” rate of
inflation below 2 percent, but it is becoming very difficult to deny that the cost of almost
everything is really going up these days. … Merk ‘…While we believe food inflation
will be with us for quite some time and may contribute to an unstable world
possibly for years to come, the Federal Reserve appears to be firmly in the camp
of heavily discounting food inflation. The European Central Bank (ECB), in
contrast, has historically taken commodity inflation more seriously than the Fed –
ECB President Trichet talks about his concern over "second round effects," i.e.,
commodity inflation stirring inflation throughout the value chain.
The relevance of all this is that in the U.S. it’s business as usual as far as
monetary policy is concerned. According to Fed Chair Bernanke, the U.S.
economy must grow at a rate of at least 2.5% per annum just to keep
unemployment stable, however, he has made it clear that he will pursue policies
to boost growth above that level. With oil prices soaring, he is facing yet another
headwind. Rather than mopping up the liquidity that, in our assessment, has
contributed to global commodity inflation, he may be tempted to keep the printing
press in high gear to promote economic growth.
It doesn’t really matter whether we think there is a crisis. What matters is that the
Fed doesn’t think its policies are contributing to global instability and continues
on its expansionary path…’

Gerald Celente: “There is no recovery — it’s a coverup!” Sic Semper Tyrannis |

Celente argues the oil prices have been going up before the recent chaos in the
Middle East. ‘…One other point brought out by Gerald Celente is the fact that the
current puppet regime in the White House is “cooking the books” on the
unemployment numbers and current inflation rates. They are making their own
rules on how to determine inflation rates by leaving out essential information
such as food and fuel prices. The same is being done with White House
unemployment numbers by simply leaving out those who have given up looking
for jobs, as well as other deceptive “carnie” tricks (in reference to White House
spokesperson Carnie) in which he compares the administration to a traveling
carnival act.

In closing, Celente states:

“… There is no recovery, it’s a coverup. It’s only being boosted by

these low interest rates, which again, when inflation skyrockets-
they’re gonna have to raise them …‘
Jim Rogers: “Saudi Arabia Is Lying About Being Able To Increase Its Oil
Production” Jim Rogers joins Zero Hedge in being highly skeptical about
just how credible Saudi’s call for a 1MM + boost in its oil supply is: “Saudi
Arabia has been lying about the reserves for decades. Saudi Arabia the last
two times said they are going to increase production and they couldn’t
increase production. Don’t fall for that. ] Federal Reserve chairman says he
does not expect a major impact on consumer prices.

House Republicans press SEC on official's ties to Madoff (Washington Post) [ The
ultimate subterfuge. Mr. small potatoes madoff the focus of so much influence …
yet he’s in jail … and the only one … Boy, did mary shapiro become total b*** s***
fast … the current shibboleth of capital hill / all 3 branches of pervasively corrupt
u.s. government … joining the others: “The Financial Industry Has Become So
Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And
Law Enforcement” The economy cannot stabilize unless fraud is prosecuted. But
the folks in D.C. seem determined to turn a blind eye to Wall Street shenanigans,
and is now moving to defund the enforcement agencies like the SEC and CFTC.
Market Crash 2011: It Will Hit by Christmas Farrell, MarketWatch SAN LUIS
OBISPO, Calif. (MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But
they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn
scientists. Like addicts, they can’t help themselves. They want to sell stuff, get
rich…’
‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted
massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and
declares with oscar in hand that not one high level wall street exec has been
prosecuted … despite ‘earning’ billiions from the fraud ), the commentator /
experts recommend getting rid of the corrupt eric holder ( now what do holder
and wobama have in common … is it wall street money ………… is it a proclivity
for jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it
something else …… here’s a hint - UPDATE: MORE CLAIMS OF RACE BIAS AT
JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK
PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official
who quit over the handling of a voter intimidation case against the New Black
Panther Party accused his former employer of instructing attorneys in the civil
rights division to ignore cases that involve black defendants and white
victims ...’ US v. AZ... Cases against Wall Street lag despite Holder’s vows to
target financial fraud Washington Post | Obama has promised to hold Wall Street
accountable for the meltdown. ) (see this film, I strongly recommend the
complete documentary – the following is a preview/summary)
[Link]

[Here’s an archived version

’Inside Job’ New Documentary Exposes Wall Street Fraud And How Banksters
Continue To Steal Our Money

Web site Link / Path to archived file: [Link]

[45mb ]
[Link] [ 65mb ] ]

] House Republicans ramp up pressure on SEC Chairman Mary Schapiro.

Christian minorities minister assassinated (Washington Post) [ Christians,

Christianity lumped together with war criminals, zionists, invaders, plunderers,
murderers, etc.. No surprise here. Winning hearts and minds? I don’t think so …
Blowback? Most assuredly: 2 U.S. airmen killed, 2 hurt in shooting near Frankfurt
airport (Post, March 2, 2011); Most U.S. aid to Pakistan hasn't gotten there yet
(Post, March 2, 2011); Clinton: U.S. losing global public-relations battle - to
'Baywatch' and wrestling (Post, March 2, 2011 Well, I don’t know about baywatch
and wrestling, but reality beyond false propaganda will do it every time) ]
Shahbaz Bhatti is gunned down in the second killing this year of a liberal, senior
government official who had spoken out against the nation's stringent blasphemy
[Link] condemns deadly NATO airstrike (Washington Post) [ Well, for
pervasively corrupt, defacto bankrupt america, it’s just another of many war
crimes. They just role out the propaganda machine that no one is buying
anymore. Yet, can you believe your eyes and ears here: Six NATO troops killed in
Afghanistan (Washington Post) [ Is there something wrong with the following
picture? … am I missing something? … Gates's warning: Avoid land war in
Asia, Middle East, and Africa Christian Science Monitor - In a speech to cadets at
the United States Military Academy at West Point, Gates's message was clear:
The US military services, as well as the elected and appointed civilians who send
them to war, need better ways of foreseeing and preparing for ... Gates Tells US
Army to Take New Approach Voice of America Warning Against Wars Like Iraq
and Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit
late for that in light of pervasively corrupt, defacto bankrupt america’s
consummate decline and fall! If only they had listened and not shot at the
messenger … things could have been different! ] A NATO airstrike that Afghan
officials said killed nine children collecting firewood in eastern Afghanistan
beccomes the latest irritant in the tense relationship between President Hamid
Karzai and the international force in the country.

Government cracks down on employment scams (Washington Post) [ Yet leave

the biggest, most deleterious scam / fraud unprosecuted. What total b*** s***!
House Republicans press SEC on official's ties to Madoff (Washington Post) [ The
ultimate subterfuge. Mr. small potatoes madoff the focus of so much influence …
yet he’s in jail … and the only one … Boy, did mary shapiro become total b*** s***
fast … the current shibboleth of capital hill / all 3 branches of pervasively corrupt
u.s. government … joining the others: “The Financial Industry Has Become So
Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And
Law Enforcement” The economy cannot stabilize unless fraud is prosecuted. But
the folks in D.C. seem determined to turn a blind eye to Wall Street shenanigans,
and is now moving to defund the enforcement agencies like the SEC and CFTC.
Market Crash 2011: It Will Hit by Christmas Farrell, MarketWatch SAN LUIS
OBISPO, Calif. (MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But
they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn
scientists. Like addicts, they can’t help themselves. They want to sell stuff, get
rich…’
‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted
massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and
declares with oscar in hand that not one high level wall street exec has been
prosecuted … despite ‘earning’ billiions from the fraud ), the commentator /
experts recommend getting rid of the corrupt eric holder ( now what do holder
and wobama have in common … is it wall street money ………… is it a proclivity
for jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it
something else …… here’s a hint - UPDATE: MORE CLAIMS OF RACE BIAS AT
JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK
PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official
who quit over the handling of a voter intimidation case against the New Black
Panther Party accused his former employer of instructing attorneys in the civil
rights division to ignore cases that involve black defendants and white
victims ...’ US v. AZ... Cases against Wall Street lag despite Holder’s vows to
target financial fraud Washington Post | Obama has promised to hold Wall Street
accountable for the meltdown. ) (see this film, I strongly recommend the
complete documentary – the following is a preview/summary)
[Link]

[Here’s an archived version

’Inside Job’ New Documentary Exposes Wall Street Fraud And How Banksters
Continue To Steal Our Money

Web site Link / Path to archived file: [Link]

[45mb ]
[Link] [ 65mb ] ]

] House Republicans ramp up pressure on SEC Chairman Mary Schapiro.

] FTC says companies promised to help people find work

but instead took their money.

Oil soars to more than $100 a barrel on Libyan unrest (Washington Post) [ When
you factor in reality, the worst is yet to come … Gerald Celente: “There is no
recovery — it’s a coverup!” Sic Semper Tyrannis | Celente argues the oil prices
have been going up before the recent chaos in the Middle East. ‘…One other
point brought out by Gerald Celente is the fact that the current puppet regime in
the White House is “cooking the books” on the unemployment numbers and
current inflation rates. They are making their own rules on how to determine
inflation rates by leaving out essential information such as food and fuel prices.
The same is being done with White House unemployment numbers by simply
leaving out those who have given up looking for jobs, as well as other deceptive
“carnie” tricks (in reference to White House spokesperson Carnie) in which he
compares the administration to a traveling carnival act.

In closing, Celente states:

“… There is no recovery, it’s a coverup. It’s only being boosted by

these low interest rates, which again, when inflation skyrockets-
they’re gonna have to raise them …‘

Jim Rogers: “Saudi Arabia Is Lying About Being Able To Increase Its Oil
Production” Jim Rogers joins Zero Hedge in being highly skeptical about
just how credible Saudi’s call for a 1MM + boost in its oil supply is: “Saudi
Arabia has been lying about the reserves for decades. Saudi Arabia the last
two times said they are going to increase production and they couldn’t
increase production. Don’t fall for that. ] Federal Reserve chairman says he
does not expect a major impact on consumer prices.
A Crash in Saudi Arabia, Arrogant Eurocrats and a Look at the Markets Part 2
Tenebrarum ‘Saudi Arabia's Stock Market Plunges

Stock market traders in Saudi Arabia got a bit of a wake-up call yesterday. Their stock
market evidently sees something it doesn't like. Why the market is all of a sudden more
worried than it was previously about the challenge to the established political order in
the Arab world is a bit of a mystery, but presumably traders have thus far deluded
themselves into thinking that Saudi Arabia would be immune to unrest. Something has
evidently changed their mind. It seems to us that this event deserves the moniker
warning sign. The selling has been extremely heavy for three days now. Since this
market is largely driven by local investors, we should probably attach some significance
to this recent plunge. Someone has begun to sell three days ago and has spooked the
herd. It's a good bet that the someone who started the selling is better informed than the
rest of us.

Note in this context the following information about the current oil policy of Saudi Arabia
from Marketwatch. While the article references anonymous sources, which stands in the
way of fact-checking, there is one paragraph that caught our eye:

"The main threat is ... Saudi instability when the current king
dies. We know he is very ill but obviously there is no
indication of how critical that condition is. But it is
acknowledged that the next transition will present a much
bigger threat to internal stability ... Vested interest groups
have been waiting for this transition to push their agenda.
Saudi experienced considerable regional instability up to 10
years ago but bought it off with higher oil-based spending.
Today the problem is as bad, if not worse. There have been
only a few of the promised reforms ... Resentment towards
the wealth gap with the royals is very high ... Even if/when
the instability in other countries, such as Libya, settles, the
Saudi succession threat is now firmly on the table. What
happens in Bahrain could be very key. That alone will keep
the oil market nervous for this year."

The very ill king could in fact be the key to the sudden crash in Saudi Arabia's stock
market. With political instability across the entire region, a fight for succession in Saudi
Arabia wouldn't be very conducive to stability at this particular point in time. The fact that
spreading some of the oil wealth around has not been effective in lowering the level of
resentment vis-a-vis the royals sounds very credible to us. So does the assertion that
what happens in Bahrain will be very important. Bahrain is ruled by a monarchy as well
and should it lose power, the Saudi masses could be galvanized.
Saudi Arabia is the world's second biggest oil producer after Russia and as a result the
monarchy has enormous financial resources at its disposal. This certainly helps with
buying off numerous special interest groups. Also, as we mentioned in passing
previously, the royals have a deal with the powerful and highly conservative religious
establishment that helps keep them in power. Essentially the country is a mixture
between a monarchy and theocracy. The strict religiously inspired laws may on the one
hand sit well with the deeply religious population, but on the other hand they also make
for a very repressive environment that may sit less well with the youth – large numbers
of which are unemployed. Also, the extravagance of the many Saudi princes (over
10,000 royals are about, all well-endowed with stipends) may not go down all that well
with the rest of the Saudis , regardless of what deals the royals have made with the
mullahs. All in all, it remains a potentially explosive situation.
[chart]
(Click to enlarge)
Saudi Arabia's Al-Tadawul All-share Index goes somewhat belatedly into free-fall.
In the meantime, Muammar Qaddafy continues to give utterly bizarre interviews (if
anything, they have become even more so ... "I don't lead Libya, I have no power" ...
"The people of Libya love me!"), while more and more of Libya falls to opposition forces.
Evidently the man has lost whatever connection to reality he may once have possessed.
The Pentagon has meanwhile assembled naval forces off Libyan waters – possibly to
enforce a no-fly zone.
While all eyes are on Libya, Egypt has once again decided not to reopen its stock
market – the reopening of the stock exchange has been been postponed repeatedly, so
this is almost business as usual by now.

"The Egyptian Exchange, shuttered for over a month, was to

resume trading on Tuesday. But in an overnight statement,
exchange officials said the market would reopen instead on
March 6 to 'allow investors to profit from the government's
support to guarantee stability in the bourse.'

"The decision reflected the strong undercurrent of unease in

the Arab world's most populous nation where the market's
benchmark stock index had shed almost 17 percent in two
consecutive trading sessions before it closed at the end of
the business day on Jan. 27."

Keep the market closed to 'allow investors to profit from the government's support to
guarantee stability in the bourse'? Good luck with that one.
As a final note on the Middle East, we continue to recommend keeping an eye on Iran.
The regime is evidently worried, and given Iran's importance as an oil exporter, any
unrest in that country would arguably have an even bigger effect on the oil market than
Libya's recent disintegration.
Ireland and the Arrogant Eurocracy
Via Dr. Jim Walker of the excellent research firm Asianomics, we have been made
aware of some of the things various eurocrats have had to say about the Irish election.
Some of these quotes are remarkable for their unbridled and quite unwarranted
arrogance.

"As Irish voters headed for the polling booths on Friday, the
European Commission bluntly declared that the terms of the
EU-IMF bailout "must be applied" whatever the will of
Ireland's people or regardless of any change of government.

"It's an agreement between the EU and the Republic of

Ireland, it's not an agreement between an institution and a
particular government," said a Brussels spokesman.

A European diplomat, from a large eurozone country, told

The Sunday Telegraph that "the more the Irish make a big
deal about renegotiation in public, the more attitudes will
harden."

"It is not even take it or leave it. It's done. Ireland's only
role in this now is to implement the programme agreed
with the EU, IMF and European Central Bank. Irish
voters are not a party in this process, whatever they
have been told," said the diplomat.”

(Our emphasis)
Hello? Irish voters are "not a party in this process"? Irish voters – i.e. the tax cows that
have been condemned to bail out their failed banks so that the highly leveraged
German banking system can avoid a debt restructuring broadside – may well go from
"revolution lite" as the WSJ calls the election outcome (since essentially, one
conservative party was exchanged for another), to a "real revolution." As an aside, while
the WSJ asserts that 'Ireland needs Merkel," we believe it is exactly the other way
around (see further below as to why). Our understanding of 'democracy' is that voters
are the ultimate arbiters of such things. There is no agreement that can not be amended
or broken if voters feel they have been sold out by the government that signed it. As the
Telegraph notes further:

"Dessie Shiels, an independent candidate in Donegal, said:

"People have not been given the basic right of deciding
whether or not they should have their taxes increased in
order to repay bondholders who have lent to the banks."

David McWilliams, an economist and former official at the

Ireland's Central Bank, has led calls for a popular vote under
Article 27 of the Irish constitution, which requires on a
matter of "such national importance that the will of the
people ought to be ascertained."
 "We have to re-negotiate everything," he said.
"Obviously, the first way to do this is to make them
aware that if they force us to pay everything, we will
default and they will get nothing. So they had better get
a little bit of something, than all of nothing. To make this
financial pill easier to swallow, we must take the
initiative politically. We can do this via a referendum.

"If the Irish people hold a referendum on the bank debts

now, we can go to the EU with a mandate from the
people which says No. This will allow our politicians to
play hard-ball, because to do otherwise would be an
anti-democratic endgame."

Declan Ganley, the Irish businessman who led the 2008 No

vote to the Lisbon Treaty, said Ireland must "have the balls"
to threaten debt default and withdrawal from the single
currency.

"We have a hostage, it is called the euro," he said. "The

euro is insolvent. The only question is whether Ireland
should be sacrificed to keep the Ponzi scheme going.
We have to have a Plan B to the misnamed bailout,
which is to go back to the Irish Punt."

(our emphasis)
Got it in one, Mr, Ganley. Ireland is the party that has the leverage in this situation, not
the EU. The decisive point is this: The euro is a kind of roach motel – it's easy (too
easy) to get in, but it is very hard to get out.
Why is it so hard to get out? It isn't, as the outgoing Irish government asserted, the fact
that government would find it hard to borrow money in the markets after a bank debt
restructuring, or even after a restructuring of the government's own debt. Greece, which
has been bankrupt for half of the past 180 years, is proof positive that it is fairly easy to
find new suckers for government debt after a while.
No, at the root of the roach motel problem are the banks themselves. If the population
suspects that an abandonment of the euro is imminent, worries that the national
currency likely to succeed the euro will be devalued would provoke a flight from the
banks – depositors would shift their deposits to other banks somewhere else in the euro
area. Both Greece and Ireland have in fact been plagued by such a flight of depositors
already, to varying extent. In fact, the biggest and quite obviously bankrupt Irish banks
have bled deposits at an enormous rate lately. With the banks completely zombified,
worries about a flight of depositors should be much reduced – since they have already
largely fled.
The banking system is however also a big worry for the rest of the EU. Why was the
Irish government forced to accept a bailout? What was so urgent? Why was it so
important to especially avoid a restructuring of the senior debt of Ireland's banks? The
answer is that an Irish debt restructuring imposing a big haircut on bondholders would
hit banks elsewhere in the euro area (including the ECB, as it were). The way we see
this, Irish voters will eventually prove the arrogant unnamed European diplomat from a
big country wrong. They will eventually be a party to the proceedings. Negotiating a
lower interest rate on borrowings from the EFSF, the currently enunciated goal of the
new Irish government won't be enough. It won't do the trick because the burden will still
be too large.
We would note here, as we have repeatedly done before, that it does no-one any good
to pretend that losses don't exist or that the giant fiat money Ponzi scheme made up of
unpayable government debt and de facto insolvent fractionally reserved banks can be
forever kept going by heaping new debts atop the old ones. If we want genuine,
sustainable economic growth to resume, the only way to achieve that is to bite the
bullet. Acknowledge the losses and let them fall upon those who have invested
unwisely. This is not merely a question of morality, as prominent Keynesians like Paul
Krugman keep saying. It is a question that concerns the system of free market
capitalism itself. Capitalism is not supposed to privatize profits and socialize losses.
This is a perversion of the free market system that will ultimately serve to destroy it.
In addition, as the EU lurches toward the 'big accord' planned for late March – a.k.a. the
Grand Bargain (Portugal may well fall into crisis before that date, as its bond yields
remain stuck above the crucial 7% level and large debt rollovers are awaiting it in
March) , there are evidently plans afoot to make other European nations more like
Germany. Unfortunately this is not merely about fiscal rectitude as such. It is also about
the desire of the German political class to impose Germany's high taxes on everyone.
Ireland would do well to think twice about agreeing to such stipulations.
[chart]
(Click to enlarge)
Portugal's 10 year bond yield sits at 7.45%. Greece and Ireland both became EFSF
wards when their yields crossed the 7% mark. And yes, this is a bullish (bearish for
Portuguese debt) chart.

The Markets

The Stock Market

In the wake of the big decline in Saudi Arabia's stock market, other stock markets also
suffered a bad hair day. It would be easy to pin the blame for the stock market's recent
decline on the problems in the Middle East, but bulls should perhaps be more
concerned about a number of other facts. For one thing, there is the subtle internal
technical deterioration as evidenced by many 'momo' stocks coming under pressure of
late, i.e., the so-called "Teflon stocks" all of a sudden look somewhat less teflonesque.
A similar point is made in a recent article by Michael Kahn at Barron's about the Dow
Jones Industrial Average. As Kahn remarks:
 "Despite its limited representation in a market of thousands
of stocks, the Dow Jones Industrial Average nonetheless is
an important barometer. Given the sheer dollar value of its
30 component issues, any cracks in its armor should not be
ignored.

So when fully one fifth of Dow stocks sport technical failure

we should take notice. Failure, in the lexicon of charting, is
often used to describe a stock falling as it hits a key level
such as resistance or the top of a pattern.

When a stock breaks out to the upside from resistance or a

chart pattern it is usually a bullish sign. Demand overcomes
supply and prices move higher – most of the time. However,
failure to hold on to that breakout is the unusual case and
that makes it a true newsworthy event for investors."

Kahn notes that the bulk of the DJIA stocks remains in solid uptrends, but of course
when the market gets into trouble, the first signs of such are always subtle.
[chart]
(Click to enlarge)
What is notable to us about the recent decline is that the preceding rally as well as the
recent rebound all happened on very weak volume, whereas volume tends to spike
when the market moves lower. This is a negative sign too.
What else should stock market bulls worry about aside from the loss of leadership and
subtle signs of technical deterioration? How about "Hedge funds borrow the most
since 2007 to purchase U.S. stocks?"

"Hedge funds increased their net leverage in January to

the highest level since October 2007, as they took
advantage of record-low borrowing costs to bet that the
U.S. equity rally will continue.

Debt at margin accounts at the New York Stock Exchange

minus cash and unused credit from margin accounts climbed
to $46 billion, according to data released by NYSE
yesterday. Hedge funds had $290 billion of debt from margin
accounts in December, the largest sum since Lehman
Brothers Holdings Inc. collapsed in September 2008."

(Our emphasis)
Needless to say, October of 2007 was not exactly a propitious time to buy lots of stocks
on margin. Perhaps this time will be different, but we kind of doubt it (although in some
respects the 2007 high was even more beset by extremes – but then, it was a much
higher high).
What else is there to worry about? How about those capitulating bears: "Capitulating
Bears Push Short Sales to Lowest in Three Years."

"The biggest Standard & Poor’s 500 Index rally in more

than five decades is forcing stock market bears to
abandon short sales, cutting them to the lowest level
since 2007 last month.

Shares borrowed and sold to profit from declines dropped

four straight months and represented 3.3 percent of all stock
in January, according to data compiled by NYSE Euronext.
Pessimists are giving up after missing the 95 percent rally in
the S&P 500 spurred by the fastest earnings growth since
1994. The monthly decrease comes as individuals added
$17.6 billion to U.S. mutual funds this year after
withdrawing money since April."

(Our emphasis)
There it is mentioned again, that fateful year 2007. Capitulating bears weren't a good
sign then, and they are unlikely to be a good sign now. The lower the short interest
ratio, the less support from short covering there will be once the market heads down,
but to us it is more important what this datum says about sentiment.
[chart]
(Click to enlarge)
The chart of the high beta DJ Transportation average is intriguing – its rebound failed at
the 50 day moving average. This average generally tends to lag in moves up (i.e. it
tends to be one of the last indexes to top out) and lead in declines.
[chart]
(Click to enlarge)
A recent chart of mutual fund cash levels from Jason Goepfert's [Link]
shows that mutual fund managers are also all in – the current reading is the second
lowest in all of history , a mere 10 basis points above the all time low (the absolute low
was seen in 2010). This indicator tends to have medium to long term significance. We
see it largely as an expression of fund manager sentiment.
Solely from a chart perspective it is too early to say whether the recent pullback will just
be a short term hiccup or the beginning of a more substantial correction. Many of the
aforementioned momentum stocks have weakened, but they have not yet broken any
important supports. However, the fact that the market has for a change not rallied on the
first of the month (the bulk of the advance from the 2009 low was accomplished by large
first-of-the-month rallies) clearly constitutes a change in character.
Apart from that, the fact remains that risk is extremely high. Should the market rebound
and streak to new highs for the move, said risk won't diminish, but will become even
greater.
Gold and Oil
Not too surprisingly, both oil and gold have continued their rallies. Gold is on the verge
of a decisive breakout, while the oil market appears close to negating a recent reversal
candle (as we noted at the time, such reversals require follow-through selling to be
confirmed as such).
[chart]