Thursday, May 6, 2010

Integrity, Trust and Confidence..... Yeah Right !

Are you watching to what has happened to our capital markets, not just today but what has transpired over the last 24 months, supposedly the most efficient on the planet and the envy of all?

Do you still believe bailing out Wall St. prevented Armageddon or merely postponed it via a can kick down the road?

Do you still believe the economy is improving with no income growth and no job growth, only debt growth?

I have said it before and will shout it out again LETTING LEHMAN FAIL WAS THE ONLY THING "THEY", THOSE IN CHARGE DID RIGHT !!

Yes the criminals we call leaders told us that if we didn't bail out Wall St. it was Armageddon and anarchy, that martial law was imminent.

Well if this shit, shennanigans and games we are witnessing with our faux markets is 'Armageddon avoided' according to them I will take Armageddon any day of the week.

The computer trading games are run by the big boyz, Goldman Morgan Stanley, JP Morgan you name em', they're doin' it. The same banks and brokers, that YOUR CONGRESSPERSON VOTED TO BAIL OUT WITH YOUR MONEY are the same banks and brokers that are high frequency program trading (HFT) with YOUR money as collateral.

This high frequency trading is simply the sham illusionary trading of shares back and forth to each other at penny increments creating the illusion of liquidity, hence my name of faux markets. I have harped ad nauseum on the lack of volume attendant this rally month after month with this purported market. It constantly reminds of accounts of the stock market back in the 20's where the newspapers of the day used to recount games like this in the markets as "the laundry was active." in reference to washing stocks.

We have pundits on propaganda TV (CNBC) calling out the EU brass as useless for not engaging in quantitative easing, the buying of bonds to support the market, in their bond market. Overt meddling and manipulation called for openly. How stunningly pathetic the depths some will stoop to shill for their positions.

As if thats not enough when all these banks and brokers lose, AND THEY WILL LOSE, you dear taxpayer, will pay to cover the losses.

Listen, this market is ripe to go down for some time. You can blame it on anything you want to. Sunspots, monsoon rain patterns, or any other reason you heart desires. The high frequency trading programs, that have been trading shares back and forth have masked a market that many, with half a functioning cranium, have abandoned.

You want to read a piece on the stock market that will make your hair stand on end? Try this one from Ian Gordon of Longwave Analyst.

I wrote the following a few days ago regarding the integrity of our markets and I feel the need to repeat it here again...

"I have a question for our current and former market leaders. Men like John Bogle, Warren Buffett, Bill Gross, Richard Russell, Peter Lynch, et al.

Where is YOUR outrage at all of this?

Why are YOU not standing up separating yourself from the pool of maggots?

Are you not concerned with the survivability and continuity of our markets?
Do you not possess and inherent love for the markets. They are your 'office'. Do you not wish to see them survive and prosper or are you that greedy that you will forfeit their survival to make a buck and look the other way?"

I anxiously await a public comment by any of the above mentioned though I won't hold my breath.

I want you to read this article called Fraudonomics by Mark Ames. It was brought to my attention by Karl Denninger over at the Market Ticker. The piece is an
absolute must read. Mr. Ames uses foul language but it is well worth it.

I have said it before and will say it again. Integrity, trust and confidence are pararmount in capital markets and once lost are difficult at best if not impossible to regain. Our capital markets make make the Zimbabwe and Nigerian stock market look legitimate.

So please spare me the fat finger story bullshit.

Watch the hacks on CNBC defend and deflect, self preservation. Read Ames article and you start to understand that the Larry Kudlows of the word, these self proclaimed patriots are simply perpetuators of the scam or the bezzle. These so called patriots are not patriots at all but rather they are part of the cancer. There are perpetrators and perpetuators of the scam, each has its role to keep the ponzi going at all costs, right Larry? Stick to you job as perpetuator and while at it keep telling everyone the wizard exists even when the curtain has been pulled back proving otherwise.

Patriot my ass. More like charlatan extraordinaire.

Sickening, absolutely stomach turning sickening.

Will someone please summon the adults into the room as we are in dire need of them.

Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $19.34
Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $12.06
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $60.50
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $19.65
Long 2 units Ultrashort Xinhua China ticker FXP @ $42.45
Long 1 unit Ultrashort Real Estate ticker SRS @ $49.10
Long 2 units Direxion Tech 3X Bear ticker TYP @ $10.52
Long 1 unit US Dollar Bull ticker UUP @ $22.52 stop @ $21.97
Long 1 unit ishares Barclays 20yr Treas ticker TLT @ 92.15 stop @ $89.68

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