Originally Posted by TedWeir
Apologies to the Great Dennis Gartman
- Market trading technicals have been severely tested across all financial instruments
-Marauding trader groups (hedge funds, investment banks, deep pockets of the world's ruling-owner elite) are pushing for capitulation in every corner seeking to unhinge and unseat what remains of independent and weaker investors and traders.
-Short attacks are common place with the dark pools doing much of the 'painting' and Miss&Dis-information distribution masters manipulating the markets and media. IMO
BUT after all is said and done today what has actually changed fundamentally with the picture:
1. The world's finances are an utter disaster
2. Fiat currency valuations are purely fear driven
3. Banks have been adding gold at fast rate
So IMO Dennis wrong period. Unless you want to trade this market. This is big mistake IMO. What do you think?
Originally Posted by TedWeir
Ah the dance of truly amazing stupidity continues... BUT we all know they cannot fix this—THEY HAVE TO LET IT GO, otherwise it will not heal. The cancer (out-of-control American and European banking and the owners of those tumors) and the doctors (politicians making out large while keeping the comatose heart beating) keeping the patient alive (us all) must be pushed aside as they do not seem to be willing to think properly.
Excerpt repost from Zerohedge:
US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus
It appears that central bank intervention was not the only thing in full force today: The US version of the Chinese Ministry of Truth in economic reporting has now officially joined the fray. Anyone wondering just how much of a joke the US high frequency economic data updates have become should look no further than these three charts showing Wall Street
The world's leadersh*p can't clean up the mess so people, smarter than their 'leaders' are taking the power back from the fools on this ship.
From The Guardian
..."951 cities in 82 countries" has become the standard definition of the scale of the Occupy protests around the world this weekend, following on from the Occupy Wall Street and Madrid demonstrations that have shaped public debate in the past month.
See source here
The folks who operate our screwed-up system are firing back in defense of their entitlements. Not sure which of this bunch are the cream and which are the scum but it's entertaining.
WALL STREET FIRES BACK: Protesters Are Just A Lazy Disgruntled Fringe Group Looking For Sex And Drugs
by Henry Blodget
Some Wall Street executives have made sympathetic public remarks about the Wall Street protesters in recent weeks, saying they understand why the protesters are frustrated. Not surprisingly, however, other executives, speaking off the record, have different sentiments, as an excellent article by the NYT's Nelson Schwartz makes clear:
“Most people view it as a ragtag group looking for sex, drugs and rock ’n’ roll,” said one top hedge fund manager.
“It’s not a middle-class uprising,” adds another veteran bank executive.
“It’s fringe groups. It’s people who have the time to do this”...
“Who do you think