CRASH MONKEYS ARE RELENTLESS
Two more of these the world is about to end videos hit my door step again today.
One of them was from the ever present Weiss Research Group and was once again disguised as something you would never hear anywhere else. These kids have not changed their tune it is still buy Gold, the dollar will get killed, and oh by the way, pay us for the real secret tips of how to survive the coming crisis.
First of all, it might very well be that the ultimate outcome of Barry's plan will be what these doomsayers are writing about. It is fairly clear he has absolutely no intention of cutting back spending at all. What is interesting to me and I have never heard one person say this so perhaps I am the first, is that what he is doing is patently obvious if you have ever been an athlete. When he answers questions like he did about the deficit in that ham and egg interview recently with one of his groupies, he puzzled most observers.
HE IS SMACK TALKING
This is why he has always been an F You I won guy, he is just smack talking like hoops players do. He is a basketball guy so I fail to see why these pinheads don't get this. He has been a smack talker ever since he won the first election. I would suggest not trying to read more into what he says, he is simply saying "Scoreboard" which for those who don't know this is an infamous way of telling your opponent to look at the score because they are losing. It is that simple don't get caught up in this being any more than that. He is winning in converting the country to a European socialist model and he is not going to change. Further, he puts it in everyone's face because he knows he is winning and he is "running it."
Does he "want" an Armageddon scenario? I have no idea. Are we guaranteed one like guys like the group above, Zero Hedge, and a number of other places are calling for? Possibly. However, if you are a short term trader none of this stuff matters. I think it will be clear if and when the big break starts. We are going to have to be prepared to probe a bit and take a few losses trying to catch it if we are trading the ES.
What are some possible stopping points?
You can go to a Fibonacci guy and look at one of his Galileo maps and have him tell you. What concerns me the most is the picture above. This is a pattern with sharply rising Stock prices and sharply declining Bond prices. This pattern has led to many of the infamous stock declines in history. I have written about this in the Newsletter so I will keep it brief here. This is a problem for the bull case and it is getting close to a critical mass divergence in my opinion.
There are an absolute ton of things going on that have created a remarkable divergence between the economy and stock prices. How long this can go on is anyone's guess, perhaps late April is a time we will see something to take action with. However, for now there is no reason to try and short this market.
I have had an avalanche of computer problems so I have to keep it short tonight.