Wall Street close watch

Isn't that the problem? No one knows what is really going on. I read an interesting article by Professor Rubini from NYU:

http://opinionator.blogs.nytimes.com...k/?ref=opinion

By now I've read so much about the BS bailout/liquidation that I'm almost convinced myself that it was not just the only choice to be had, but also the smartest as well.
I'm infected!
Not that I could see how a systemic breakdown of the whole AMERICAN financial system along with DJI and friends HAS TO affect the rest of the world, but I guess since all the "fun" banks are also situated around the globe and the money givers/holders/lenders of many economies elsewhere as well, MAYYYBE there woulda been more effect than just the USA hitting the crapper on an ultimate seizup, choke and collapse.
Maybe!
Ahem

Stuff like the Maudlin thingie http://www.global-view.com/forex-tra...html?nid=11367
and
http://oldprof.typepad.com/a_dash_of...he-bear-s.html
parallel.
Isn't the internet fun, you can find brainwash of every flavor, for every genre and for every bias

What sounds a bit freaky about the latest BS + Fed $29bln details is that basically, er, a federal entity BOUGHT a market participant and is now basically a better market entity, no?
I.e. something that's supposed to interact kinda from the "outside" is now partaking in the market directly, no?
I'm just saying, isn't the whole idea to seperate these entities/powers and leave independence and objectivity intact and so forth?

No idea about the actual infrastructure etc, I'm just asking people who actually do have a clue since this thread needs more discussion

SL my fellow bear and consiracy beleiver! how can ask such a questions(s)? lol comon buddy....you must see what going on behind the scenes here? are you just stoking the fire? Ok incase you don't know.....JP Morgan Chase is a Rothchild Bank my firend! one of the elite few that control the entire world (except maybe China f....for the time being anyway...next on their list as you know....) lol......of course that could....easily backfire.... Bear Sterns...hmmmm do you think the guys at the top there got some golden parachutes before the bargain fire sale to JP...the good ole boys...just ripped off the American stockholders AND the taxpayers in a major way...again.....thats all..... JP has the most levergaed mortage debt...but their debt is "good paper" and so they buy out BS becasue BS has bad paper...what a crock of malarky..... why did BS lose their credit rating and JP is AAA.... who makes these credit ratings? comon SL.....think conspiracy...u think the puppets in Washington really run this country? NOT! there are a few elite groups that run the entire world...through banking...

the FED...well...lets be serious.... who created them? and why? who audits the FED? no-one does.... why not????why are they a private corp? who owns the shares? where does their money come from? (HINT there is no actual money, until the taxpayers pay back the fed coffers....)..... can't u see how the sytem REALLYT works.....


banking is simply banks lend money they never had and charge us citizens interest on this invisible made up money...... you know all this......


by the way...any depression or recession will only happen if the big boys like JP (the rothchilds of the world) decide that it will be profitable for them.......


ha ha! hows that for discussion on this thread!!!!!!!!!!!!

I just wanted to emphatically say that I don't believe in conspiracies, the "Amero", the "Illuminati", a secret "ploy" to destroy the USD or anything of the like. Enough already do

I DO believe in s/r and TL breakdowns and tests, retests, closes above and below, price action, sound money management, charting, planning...you get the idea

SL,

Seems you're raising the "moral hazard" issue, which is a valid one in my mind.

i dont beleive in a a conspiracy to destroy the usa either...that would not be in the bankers/rothchilds of the world best interetsts.....


u failed to comment on the banking system? why is that?

don't see how u can understand world banking and not beleive in what I call a conspiracy....maybe that is the wrong term...what would YOU call it?


regards


d

Perhaps a "Social Club" where members look out for the best interest of the Club?

Dr. Death to run for Congress...

All problems will be solved. One way or the other

perfect....lets call it the social club and avoid the word conpiracy which has negative connotations..lol

i prefer "the unseen guardian angels" as they like to think of themselves LOL


or should we say "the priveldged ruling class" aka "the roundtable orgainzation" or "inner circle" lol


see this vid he he

Americans and indeed the world are looking to central banks to stabilize world markets. But central banks won't and can't because central banks are themselves the destabilizing force that first issued the credit that has now becoming the defaulting debt that can't be traded.

A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men...We have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world - no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.
Today, Americans are looking to the Fed to protect them against the financial chaos threatening our economy. This is tantamount to the Jews in 1930s Germany looking to the Nazis to stave off a possible holocaust. The Fed cannot help America with its economic problems because the Fed is itself the cause of those problems.

Taken from article from Robert Schoon

Paging Mr. Greenspan on Line #1

The trick bag for central bankers are running out.. this will most certainly have a long negative outcome. looks to be almost CHECKMATE!!

Here is the link to the article.

The Die is Cast http://www.financialsense.com/fsu/ed...2008/0324.html

I did not think you needed to remove my link as I never prompted anyone to click on anything. but hey whatever you da man and enforce the laws of the site



BUNTON OUT!!

You gotta be kidding me
http://www.imdb.com/title/tt0951216/

Title + tagline + money about to be destroyed = who am I thinking of?

No it's quite serious, they had the entire cast on CNBC a few months back.

So are the banks now engaged in a tit for tat:

JP Morgan down grades Merrill, GS down grades Citi, Citi downgrades JP Morgan, Merrill writes down GS, GS writes down Merrill, Merrill writes down UBS, etc. etc.

Is this a fuhkin' joke?

you know you are playing a unusual game when the players are also the commentators!

Basically, I have two things I want to ask once more:

1. is there a bottom in stocks and
2. is there a bottom in USDJPY

With the fact that it's 2 questions of course also comes: is there a risk of decorrelation coming again for the carry and the stocks.


Why?
Well, first of all, as a contrarian indicator, I tend to worry or emphasize most just before turning points. So I am bringing this up in the hopes of this being the exact opposite.


Stocks
On to the markets: The Fed has repeatedly earned praise; it has been called doing all the right things by those who call themselves not too far gone and overinfected by the "opposite side of the cheerleading camp" virus, i.e. superbears.
There have been gestures towards TAF use, there've been quasi-permanent credit window facilities opened, the Fed has shown itself as still freely promiscuous towards rabid cuts in the future for any and all takers, Wall Street saw that nobody is willing to upset the balance of an economy and cause a systemic breakdown just to spite lies, corruption, criminal behavior and fraud(cut off your nose to spite your face is a no go) and that the powers that be are still stronger than any handful of wannabe-bears, thank you very much and that if there is no way to go down, the only direction left is UP.

So much for stocks.



Currency and carry
Now the problem with USDJPY. Even with a return of a gigantic carry trade hunger and surfacing rumours about BOJ cuts, I still see this: the twin relationship with the USDCNY, which has not stopped making new record lows every day since my last mention as well as the narrowing yield between the USD and JPY(if both end up cutting, that doesn't help either, no?

The trouble with this is of course that Japan has also said that if the USA goes down the drain, so will most likely Japan, thereby basically tying themselves to a "in it regardless" logic in this regard.

Since I don't really know crap about fundamentals, this is all just mumbling from a naive observer. This is why I want someone who actually knows something to comment(and no, not about Rothschilds, PLEASE).




Technically speaking
Technically we're still between 11666 - 12800 DJI, 1270-1400 S&P. We haven been unable to leave it to either side yet, however the countermeasures initiated to stop the crucial levels causing a breakdown(which we SHOULD HAVE HAD) hint that the charts may simply get screwed over by outside factors. It happens, we shrug and move on(the counter-setups for PA traders were there regardless of this and chart "logic" remained intact).
Currently we look set to test at least 1367(S&P) again and threaten near 1400 again, if only to find someone to actually sell again. We've now built up quite a strong barrier at 1325 and unless something happens rather fast the next 5 trading days, the monthly close looks to be quite bullish indeed. Similiarly USDJPY should be capped around 101.5 and if it closes above this much, especially if near 103, the implications are bullish as well(however on this chart at least this looks like an unlikely long term scenario).



Summary
So, again - is the bottom in? And, more importantly, can the powers that be allow it NOT to be in and is it therefore actually POSSIBLE not to be in?

Putting aside wishful thinking and "should be", breaking it down to can or can't it for those that actually have a hold on things - what's up? How's things look?

And - can the carry or at least can USDJPY remain bearish and beaten even if stocks rally? Can the carry trade countermand the Yuan/Yen correlation parallel to PBOC hikes and constantly stronger-reset YUAN valuation? Can there be a decoupling? Should there be one? Why? Why not?

I also wonder whether I should have made this a news post for the front page with 1-2 nice charts.

I think you answered your own query.

Not that I'm aware