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Dave

Dave's Blog (18)

Investors Just Witnessed the Perfect Bear Trap

The stock market is said to be a vicious beast, trying to hurt as many investors as possible. And last week it hurt the bears by luring them into the perfect bear trap. On July 7, everything seemed to be clear. Most European and some U.S. indexes had just broken below what looked like head and shoulder formations. This seemed to be the logical conclusion of the stock market’s advance off of the March lows, which was a very doubtful move with low volume and horrible fundamentals. By now, though… Continue

Added by Dave on July 22, 2009 at 9:43am — No Comments

Double Tops are Forming on All Indexes...

I suspect though that those double tops might be used for another jam job on the bears like the previous H&S breakdown was. IMO somebody really wants this to look like a "V" shaped "recovery". My thinking is that "they" think if they can keep the markets propped, it will encourage people to spend more (more money in the 401k, things must be improving), and give some 'organic/normal' revenue to the rest of the economy. If they can show an increase (or even slight or flat), then companies wi… Continue

Added by Dave on July 20, 2009 at 11:30pm — 7 Comments

Found some great new macro YouTube videos

Plus a blog you probably haven't read yet Dr. Joern Berninger's YouTube Channel - A MUST WATCH. Dr. Joern Berninger's blog - A MUST READ. Warren Pollock's YouTube channel - The "reset" will be web-televised.. Listed on the left side of my main blog Continue

Added by Dave on July 18, 2009 at 5:00pm — 6 Comments

China Launches Pilot Program for Yuan Trade Settlement

Hmm... Released on a US market holiday, no less. Maybe they were trying to do this quietly? China Launches Pilot Program for Yuan Trade Settlement 07-03 11:17 Caijing China's central bank designated Bank of China's Hong Kong-listed unit as the clearing bank for the pilot Yuan trade settlement program. By staff reporter Wang Ziwu (Caijing.com.cn) The central bank has published rules governing trials for set… Continue

Added by Dave on July 4, 2009 at 1:58am — No Comments

I think Jeff Macke is bearish... Funny (and disturbing) video

Kinda wish we had a clip of what he was saying earlier that day... http://www.cnbc.com/id/15840232?video=1128608144&play=1 Continue

Added by Dave on June 27, 2009 at 6:11pm — 6 Comments

China is (cleverly) dumping dollars

What a shocker. Ninja's got the goods - Read all about it here http://benbittrolff.blogspot.com/2009/06/china-cleverly-dumping-us-dollars.html Continue

Added by Dave on June 26, 2009 at 6:17pm — 2 Comments

Important ZeroHedge post

http://zerohedge.blogspot.com/2009/06/sec-needs-your-feedback.html Please check it out! Continue

Added by Dave on June 26, 2009 at 3:18pm — No Comments

In the long term, the tail does not wag the dog.

I have been contending that the Fed is propping up the markets via gunning the ETFs and futures markets. Suspicious market behavior has been documented by the excellent ZeroHedge and Karl Denniger. Question is, why would the Fed do this? Absent a motive, it's rank speculation at best. To motive: I could only imagine that they think by somehow supporting equity prices,… Continue

Added by Dave on June 26, 2009 at 2:00am — 3 Comments

LOOK OUT BELOW warning... Gold Field drops Secondary offering.

IMO this is *exceedingly* bearish for equities. http://247wallst.com/2009/06/22/gold-fields-drops-pursuit-of-new-capital-gfi/ They wouldn't do this unless they expected the market and/or gold to drop, and/or the dollar to rise. Looks like the secondary offering pumping http://stocktock.ning.com/profiles/blogs/die-you-bastard is OVER… Continue

Added by Dave on June 22, 2009 at 3:39pm — No Comments

Global food crisis comin' right up! (Potential long-term commodity trade)

Market Skeptics has been doing an absolutely bang-up job following this crisis in the making: http://www.marketskeptics.com/2009/06/usda-deliberately-misleading-investors.html To that end, I'd like to add some fuel to that particular fire: Wheat fungus on the move! http://seekingalpha.com/articleContinue

Added by Dave on June 19, 2009 at 1:00pm — No Comments

Feel free to distribute!

nuke fed Continue

Added by Dave on June 18, 2009 at 6:49pm — 2 Comments

Someone please point out where I'm wrong here - UPDATE #1

If someone would be so kind, please pick apart my reasoning here: The way I see it, as long as the professional money managers *don't* buy into this rally, it will not last, and I don't think the pros are buying equities. The smart ones will be buying high-grade corporate bonds. This only makes sense, considering they pay 6-9% and are backstopped by the Federal gov't because they're 'too big to fail'. This may or may not prove to be a good strategy the way I see things playing out. Money will… Continue

Added by Dave on June 13, 2009 at 7:30pm — 3 Comments

DIE YOU BASTARD

Despite the stupefying number of bearish developments, I'm sure you noticed that SPY (and the markets in general) have for some reason been getting some incredible buying action lately... Especially at the close. Well, guess what. "They" will keep the market up until they're done with their secondary offerings. http://www.theundergroundinvestor.com/2009Continue

Added by Dave on June 9, 2009 at 1:30am — No Comments

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