PAY CLOSE ATTENTION TO ‘MARKET MANIPULATION’ SECTION

HEREAFTER AS TO HOW THE LATEST BUBBLE-FRAUD PRE-COMING

CRASH IS BEING ACCOMPLISHED:
Peter Cooper: This Tuesday (3-9-10) will mark the anniversary of last year’s
US stock market low. Since then the market has rallied by 70 percent in a
recovery only slightly less suspicious than a Madoff hedge fund.
A year ago uncertainty hung over the Dow and S&P 500 with the possibility
of an economic depression and the potential nationalization of the entire
banking system. But what has happened since then did not fall so far short
of this extreme.
THE GREAT RECESSION
The economy has undergone its biggest post-war contraction and
unemployment has soared to 15 percent, including the long-term
unemployed. With 36,000 jobs lost last month this rise might be slowing
but it is not yet decisively over.
Meanwhile the ‘too big to fail’ banks like Citibank (C) remain effectively
nationalized, although a great deal of the emergency facilities granted to
the banks have been withdrawn.
But bank lending is still seriously down on a year ago and the credit crunch
remains a reality for millions, not least of whom are the several million
home owners with mortgage resets that will land them in foreclosure over
the next couple of years.
Housing sales and auto sales – the two biggest drivers of the US economy
– remain deep in recession, not to say depression – as they have fallen into
a trough from which it is hard to see a way out. There is no catalyst for a
recovery or one on the horizon, indeed quite the reverse for housing in
particular.
MARKET MANIPULATION
We are indebted to some of our loyal readers for providing an answer to
the conundrum of why the stock market has recovered so dramatically
when the reality of the economy has been so weak. To quote from a recent
article on zerohedge.com by Tyler Durden about the fourth quarter of last
year:
Anyone looking at their 401(k) portfolio performance since the
end of August will undoubtedly be very happy (and extremely
surprised), as the market has climbed steadily higher despite i)
increasingly declining trading volume and ii) consistent and
material withdrawals from domestic equity mutual funds.
Furthermore, if anyone was merely looking at the trading
action in regular hours, one would think there was absolutely
no profit made since early September. The reason for that: all
the upside since September 14th has come exclusively from
after hours action.
 Every single day, minimal volume pushes the futures index
higher. Good news, bad news, it don’t matter to the Goldman
S&P and Russell 1000 futures desk: they just lift every micro
offer, giving the impression that the market is unstoppable,
often leapfrogging each other as the latest viagra’ed GDP or
unemployment rumor is spread.
Come morning, it is time for the HFT brigade to come in and
scalp their trillions of pennies while leaving the market
unchanged, then at 4pm handing it off again to leveraged
futures manipulation and dark pools. In a nutshell, this is the
secret of the past quarter’s phenomenal market performance.
So this is what has fooled us, and we are humbled! Perhaps we should
have expected this with the benefit of hindsight. The largest Fed
intervention in markets in history could hardly take place without doing
something equally big in the stock market. Why should market forces be
allowed to work for equities and not bank liquidations?
Looking forward, however, what the Fed has created is another huge
bubble in US stock market valuations. Not only are stocks expensive given
the reality of the economy. They are also being artificially inflated in value
by outright manipulation aided by the cheap money doled out to
investment banks.
DIVIDEND SUPPRESSION
That is why the market will allow dividends to persist at an average of two
percent while the long-term average dividend is double that amount –
implying that share prices should be half what they are today. It needs little
imagination to see what must happen in the near future: the mother of all
corrections.
Of course timing such a crash is very tough. The manipulators will want to
do it to suit their purposes. For example, if they wanted to sell a lot of
bonds and were finding it difficult then a nice stock market event would
power the bond market back up – perhaps into its final bubble spike?
Short covering might drive the stock markets a little higher this week but
staying on the short side is the only viable strategy as a preparation for
what is to come.

Why the surprise-the same reality disconnect before the last bubble-crash
and the one before that!
SEEKING ALPHA/HANNON I remain in awe of the market. Despite a steady
stream of news that is either poor or unremarkable, this market continues
higher. Although we have not witnessed blockbuster, high-volume days
that crush the bears, a steady climb has allowed prices to approach those
of recent weeks.
Although I'm impressed with this performance, I still remain wary. At this
time of year I begin poring over annual reports, and the picture is not
pretty. In general, companies have strengthened their liquidity positions,
yet operating metrics continue deteriorating. As margins erode, the
disconnect between how companies are performing and how the markets
are behaving concerns me…

A more optimistic but much less realistic view:

SEEKING ALPHA/CORSON I disagree and think the situation is worse than
that.
Reasons Roubini cites for the 20% "double dip" scenario are the following:

1. Poor US economic data

2. Europe’s debt crisis
3. Europe facing a double dip recession as well.

The bad economic data Roubini cites are very poor and dropping
consumer confidence, tanking new home sales, existing home sales
sliding, construction activity falling and new jobless claims stubbornly
staying above 400,000. Roubini notes that while the Q4 GDP figure was
revised upward to 5.9%, most of that figure, 3.9 percentage points of it, was
due to inventories.
Since the end of February, the macroeconomic data for the US “have been
almost uniformly poor, if not outright awful," Roubini contends.
I think Roubini is being too optimistic.
I place the probability of a double dip recession at 40% because of the
further problems Roubini did not focus on which are developing in the
financial sector as evidenced by declining M2, M3, the monetary multiplier,
commercial paper outstanding, CDOs being sold, and the drop in GDP or
down turn predicted by the new Predictive Financial Index recently
developed by Goldman Sachs, Deutsche Bank, Columbia University, New
York University and Princeton.
Too, the banking system is also known to be carrying a substantial
“shadow inventory” of homes not on the market for sale. Rail traffic is
stalled and where there is progress, it is too feeble. Our banks remain
badly leveraged and loaded with bad debt. They survive only because of
the abandoned mark to market rule… Indeed, my 40% figure for a "double
dip" may be too optimistic.

Infowars.com Robert Singer March 11, 2010

The year is 2010 and to anyone not in denial, the industrialized nations
have entered the greatest calamity the world has ever known:
• 35 Million Americans on Food Stamps: 12 Percent of U.S.
Population on Food Stamps Highest Since Records Kept in
1969, and that’s before the Obama administration announced a
planned three-year budget freeze on government discretionary
spending. (My Budget 360)
• 18 Million empty houses in the United States and 39 million
Americans who are no longer working or looking for work, and
 that’s before Federal Reserve finishes rewriting the rules of
American “capitalism” as US Housing, the Automobile
Industry and the American Dream are dismantled. (The 31-
Year-Old in Charge of Dismantling G.M., David E. Sanger).
“There are now well over 150 million Americans who feel
stress over these things on a consistent basis. Over 60
percent of Americans now live paycheck to paycheck.” (The
Economic Elite vs. People of the USA, David DeGraw)…

The article essentially says this is an orchestrated collapse

engineered by the so-called ‘elite’. I disagree. As I’ve said before, the
so-called ‘elite’ are but a bunch of vegetables, f**k-ups who would
like you to think this continuing meltdown / decline / secular bear
market is a function of their machinations, yet the truth is that their
contribution, not to be discounted, to this global debacle is one of
doing what these mental cases do best; viz., f***ing-up. Really! It’s
quite that simple. Yes they’re greedy, self-serving, incompetent,
dysfunctional, even criminally insane, but there is plenty of random
folly to pass around, not the least of which, ie., continued wars
though u.s. is defacto bankrupt, bailouts for and no prosecutions of
massive securities frauds, etc., is in part owing to a very domestic
defacto coup d’etat that has enabled further looting of the treasury
with fog of war (Iraq, Afghanistan, “terror”, etc.) the distraction,
among other diversions.

(3-11-10) Dow 10,611 +45 Nasdaq 2368 +9 S&P 500 1,150 +4 [CLOSE- OIL
$82.11 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$2.73 (reg. gas in LAND OF FRUITS AND NUTS $3.06 REG./ $3.26 MID-
GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,108 [video] Gold
Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER
$17.16 (+47% for year 2009) PLATINUM $1,612 (+56% for year 2009) /
DOLLAR= .73 EURO, 90 YEN, .66 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.72% …..… AP Business
Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly
Recap – Stocks / Bonds / Currencies - Domestic / International
MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD
PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6
Theories On Why the Stock Market Has Rallied 3-9-10 [archived
website file] Risks Lurk for ETF Investors 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
Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010
01-13-10 Forecast for 2010 from Seeking Alpha Contributor 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 Current Economic / Fiscal Charts
Trendsresearch.com forecast for 2009 1-7-10 Crash is coming!
‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic /
Financial Data This Depression is just beginning The
coming depression… thecomingdepression.net MUST READ:
JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850
on the S&P) by TPC The Next Wave of Collapse is Coming Sooner
than you think Sliding Back Into the Great Recession
ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS
WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME! [ (2-16-10)
Paul B. Farrell, MarketWatch Economic Doomsday is Here Market
rallies on weak worthless Weimar dollar, higher oil prices, and news
from ny fed, the one with $4 trillion missing/unaccounted for, that NY
is now a global hub of manufacturing activity with stimulus-generated
inventory increase (even if believed), that former obfuscating source
of cyclic up must come down as said inventories are unsold or
unloaded…riiiiight!…Total bull s**t!… Shadowstats’ John Williams:
Prepare For The Hyperinflationary Great Depression Roubini: 'The
worst is yet to come'... Top Eurobank prepares for 'global economic
collapse'... CHINA: ‘The world does not have Money to buy more
US Treasuries’ We Have Reached the Top of the Stock Market
(Charts/Analysis/Article 1-19-10) Marketwatch: U.S. stocks held
their gains following the release of the home builders' sentiment
index, which declined in January as industry leaders remained
concerned about the poor job market and the continuation of home
foreclosures. Read more about the sentiment survey. It’s Time to
Sell the Market…(1-19-10 Why wait till too late?) … This means closing
out some longs for a profit, or at least taking some money off the
table. This also means considering what one would do if stocks were
to stage a significant reversal. The fact that corporate insiders are
selling their stakes in record numbers and that fewer and fewer
 investors are participating in this rally makes a massive reversal
probable rather than possible this year!... Peter Shiff: Economic
collapse in near future / 2010, coming decade worse than past decade …
S&P sells on a price-to-earnings multiple of 88 after the recent
financial results. That is a horrendous overvaluation. A reasonable p/e
would be around 18-25…’ Economist Wachtel says practices that
caused crisis in play, toxic assets still there, and economically sound
lending not viable …El-Erian who oversees nearly $1 trillion in assets,
more than the gross domestic product of most countries, says stocks
will drop 10 percent in the space of three or four weeks, bringing the
Standard & Poor's 500 index below 1,000 soon… Breaking Point 2010:
Top Trends with Gerald Celente …DO YOU THINK IT IS POSSIBLE IN
2010 FOR THE UNITED STATES TO END UP AS BADLY AS
ARGENTINA A DECADE AGO? “Worse! Worse than Argentina
because our debt problems are worse. This is classic empire decline.
Argentina was not even an empire. We’re fighting wars in foreign
countries as we are depleting the Treasury .…That’s why we are
calling it: Breaking Point 2010!” The History of the Future: Trends
2012 Autumn 2012, the “Greatest Depression” has spread worldwide
…

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The wall street journal | More news from the Orwellian Bizarro world: War is
Peace, 2 + 2 = 6.

US budget deficit hits record high in February The US government

registered a record budget deficit in February, the 17th consecutive
month of running in the red, the Treasury said Wednesday. Citizens
Of Illinois Get Slapped With Staggering 33% Income Tax Hike To Fill
Deficit Canadian dollar likely to exceed US greenback: experts
 Unemployment tops 20% in eight California counties... Mass
school closures approved in Kansas City...

Why Italy faces a derivatives time bomb Reuters | Financial markets are
gripped by the role derivatives have played in Greece’s debt crisis, but
Italy also has a derivatives time bomb, and hundreds of cities are in
the €24-billion blast zone. Government workers feel no economic
pain | Compensation for state and local government employees
continued to easily outdistance the wages and benefits for workers in
private business. Jesse Ventura on The View 03 10 2010 – Gulf of
Tonkin, Pat Tillman , JFK, WTC-7 and 911 Jesse Ventura was on The
View yesterday. The same tired comment was brought up: “why would
our government do that” in regard to the 9/11 attacks. Jesse does his
best but they ultimately “soundbite” him. I guess these overpaid
ladies have never read army field manuals, the PNAC report,
Operation Northwoods, or even know anything about history such as
Gulf of Tonkin, Pearl Harbor and so on.

Brown Tries to Turn Double-Dip U.K. Threat to Benefit Gordon Brown is

trying to turn the threat of a double-dip U.K. recession into an
advantage. Use Cash And Enjoy Privacy? You’re A Terrorist
A new government commercial currently running on one of Britain’s most
popular radio stations is selling one thing – fear – by encouraging
Londoners to report their neighbors as terrorists if they use cash,
enjoy their privacy, or even close their curtains. Strike Paralyzes
Greece; Protests Turn Violent Greek public and private sector
workers went on strike on Thursday, grounding flights, shutting
schools and halting public transport in the second nationwide walkout
in two weeks in protest against austerity plans. Pondering Our
Collapse While We Watch Others Fall Every important factor we see is
working against the dollar and we believe that trend is irreversible.
That means the present dollar rally probably cannot endure and it
could well be the time to short the USDX.

80% Say Internet Access A Right -- Internet -- InformationWeek

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US gave Israel green light for East Jerusalem construction Peace in the
Middle East? Lobotomy joe biden Attends War Council in israel Kurt
Nimmo | israeli UN ambassador makes outrageous claim Iran is a
threat to the entire world. Rep. Kennedy Denounces Mockingbird
Media Over War Kurt Nimmo | The CIA’s Operation Mockingbird is all
about keeping the american people in the dark as the elite perpetuate
highly profitable war and endless crimes against humanity.

It's official: An asteroid wiped out the dinosaurs (Reuters) - Reuters - A

giant asteroid smashing into Earth is the only plausible explanation for the
extinction of the dinosaurs, a global scientific team said on Thursday,
hoping to settle a row that has divided... According to New
Comprehensive Review, a Giant Meteorite Caused the... ring in africa
may be giant 'impact crater'

Drudge vs. the Senate? U.S. SENATE WARNS ALL STAFF TO AVOID
DRUDGE... Senate Tells Employees Not to Read Drudge Report
Drudge Report | Just as the healthcare drama in the capitol reaches a
grand finale, congressional officials are warning employees to avoid
the Drudge Report.
Senate declares Drudge Personna Non Grata, Internet Jihadist!
DRUDGEREPORT: GALLUP: NEW LOW FOR O
HOPE TURNS INTO DEEP DIVISION
Monthly Federal Budget Deficit Balloons to Record; Up 14% from 2009...
CHIEF EXORCIST: 'DEVIL AT WORK IN VATICAN'...
Kennedy Yells: Media Doing 'Despicable' Job Covering Afghanistan!
Obama facing uprising over new NASA strategy…If anything there should
be uprising over continued war spending by defacto bankrupt u.s. and not
wise containment of spending for that fraudulent sinkhole called nasa...
MASSA: NUDE RAHM MADE IT CLEAR 'I BETTER VOTE WITH THE
PRESIDENT'...
'There are text messages'...
FOXNEWS BECK TELLS AUDIENCE: 'I'VE WASTED YOUR TIME'...
PELOSI: 'This is a very sick person'...
Larry King: 'Are you gay?'...
SHE'S LOSING HER GRIP (nancy pelosi)!
VIDEO: 'We have to pass the bill so that you can find out what is in it'...
Sarkozy and Bruni 'both having affairs'…very experienced italian bruni
says she needs even more first lady experience...
1 in 6 Americans infected with herpes...
Obama policies projected to add $9.7 trillion to debt by 2020...
Estimates show grim picture...
Poll: America less respected...
99 weeks of 'unemployment payments'...
Positive Jobs Report Doesn't Ease Worries of a 'Double Dip'…particularly
since subject to, as in previous month, 200%+ revisions worse than
reported...
Banks closed in FL, IL, MD, UT...
Economists Warn Another Financial Crisis On the Way...
JAKARTA STUDENTS PROTEST OBAMA VISIT...
Dan Rather: 'Articulate' Obama Couldn't Even 'Sell Watermelons'...
NYT SPLASH SUNDAY: SCIENTOLOGY'S DEFECTORS SAY CHURCH
HIDES ITS ABUSE...
Pentagon on Lockdown After Officers Shot; Suspect in Custody...
Three People Shot at Metro Station...
BIG SIS UNLEASHED: Homeland Security program digs 'into all Internet
communications'...
Feds weigh expansion of monitoring...
THE BOOK: Rove admits to error on Iraq as Bush strategist...
New ghost towns: Industrial communities teeter on the edge...
DEM REP. CHARGES: NAKED RAHM THUGS AROUND GYM SHOWERS
IMF CHIEF WANTS NEW GLOBAL CURRENCY
MORE BAILOUT: FANNIE Seeks $15.3 Billion in Additional Aid...
AIG Loss Bigger Than Estimated...
israel approves 600 new Jerusalem settlement homes...
israelis rush to join Mossad after Dubai killing...
Jobless claims up 12% in past 2 weeks...
China extends lead as top food producer...
'American influence waning'...
Beijing looks at severing dollar peg...
China says U.S. ties 'seriously disrupted'...
Senator warns of 'financial meltdown' risk...
China postpones military exchanges with USA...
China PLA officer urges challenging U.S. dominance...
Putin: Russia to build new strategic bomber...
Sarkozy under pressure, faces poll wipeout...
Merkel's coalition in chaos...
Venezuela murder-rate quadrupled under Chavez...
Two Murders an Hour...
Unemployment tops 20% in eight California counties...
Mass school closures approved in Kansas City...
BRAVE NEW WORLD: Brain scan 'can read people's thoughts'… What
total bull s***; neocon wet dream come true so they can say what
you’re thinking even if you’re not, you non-patriots / jihadists ...

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