The "up-to-the-minute Market Data" thread

Another article on how we are going to go into a depression... the MSM were really given the go ahead to start publishing their depression article... which is a 180 degree turn of ALL they've published in the last two years...

Like I said earlier, something is afoot. Propaganda to prepare for new ``stimulus`` or bailouts? To prepare to the people for more raping by the banks without lube?

Why The Greater Depression Still Lies Ahead

If policymakers do not understand the real cause of a problem, they will in all likelihood be unable to provide a genuine solution.

Messrs. Barack Obama, Benjamin Bernanke and Timothy Geithner do not understand the real cause of this debt crisis. They are politicians first and economists or students of the market second--if at all. Therefore, it is not wise to count on them to tell us when the Great Recession is over, or to provide a plan to prevent another one in the future.

The cause of the Great Depression in the 1930s, and the Great Recession beginning in 2007, was one and the same: an overleveraged economy. Excessive debt levels are the direct result of the central bank providing artificially low interest rates and of superfluous lending on the part of commercial banks.

The easy money provided by banks eventually brings debt in the economy to an unsustainable level. At that point, the only real and viable solution is for the public and private sectors to undergo a protracted period of deleveraging. The ensuing depression is, in actuality, the healing process at work, which is marked by the selling of assets and the paying down of debt.

Today, gross national debt and household debt are both at or above 90% of GDP for the first time in our history.

Biggest Monthly Pending Home Sales Drop On Record As ISM Manufacturing Index Misses Big

Another big leg down into the recognition that i) the recession was really a depression all along and ii) we are smack back in it. The ISM Manufacturing index came at 56.2 on expectations of 59, previous was 59.7. And the stunner - the prices paid index came in at 57 on expectations of 70, with a previous read of 77.5. The crash in margins will be surreal and companies will have no choice but to raise prices. And just so there are no mistakes that the Great Depression 2.0 is here, pending homes sales plunged a massive 30% on expectations of -14.2, and a previous read of 6%. This was the biggest MoM drop on record. Deflation is here, as is a full blown economic contraction, coupled with the complete pull out of the US consumer, who, absent government subsidies, will contain purchases solely to the iPad. Ben Bernanke has no choice but to print money now, or it is game over.

Ooops.


I think we will hit a big turn before the year is out. The elite knows the economy is crashing again... and people know they caused it. People are sick of bailouts. If they don't pull something, they are cooked.

Something big is gonna happen IMO. Probably war and draft.

[edit on 1-7-2010 by Vitchilo]

I've been watching the market for months, even though I have no vested interest in doing so.

I keep waiting for the life support plug to be pulled so we can move forward. The system is cooked. The bailouts have only prolonged the suffering.

Now I see it plunging day after day. I looked today fully expecting to see a straight up spike of 300 points at opening like we've seen the past few months. IMO a sign of market manipulation.

But today... today!!!!

I see it still crashing!!! CRASH BABY CRASH.. so we can start rebuilding!!! Our immediate destiny in this country has been written no matter how different we wish the outcome to be.

reply to post by Vitchilo


The people won't allow a draft. At least, none of my friends would. I will be in Canada or Mexico before going to war for bs reasons. My brother knows pilots who could get me there.

I do agree that msm is ramping up the propaganda about a depression for another round of bailouts. It's incredibly obvious by now that they are bankrupting us all. My opinion is that this goes further than simple greed. I think this ties into environmental issues. I think they're collapsing civilization as we know it, both to create a one world government that has much more control over people, and because we're simply ripping through too many resources as a species. We're causing too much damage to this planets inhabitants.

Anyways, it's going to be a bloody decade at minimum, no matter which way you look at it. I've noticed a lot of chatter about November from all channels, much like Oct. 2008. I expect a major crash or collapse to happen around that date. The elite are using the TWZ to hone in on people's fears and have people think it's TEOTWAWKI. This is my personal opinion.

A very interesting edition of the Vulcan Report today. He thinks something strange is going on in the markets and something is definately not right. See for yourself.

www.youtube.com...

reply to post by SpaceMonkeys

"Something is afoot, and I can't put my finger on it. I don't know what it is, but what you're looking at is not normal activity. I can't stress that enough — it's not normal. The casino has been rigged; someone is up to something...

I knew it: stander is finally making his end game move from his desert island.*

We are set to close below the close of May 6. That is extremely significant. That means we are ready to put in a powerful, powerful downturn in the stock market. And when I say powerful, I mean extremely powerful. Mind-bogglingly powerful...

Well that's a clear message if ever I heard one. Does anyone know what this guy's track record is? But, beyond the hype, when it comes to his actual reasoning, he does sound quite astute.

One thing's for sure: I think it's worth hearing the guy out, so I highly recommend starring the above video post.

Nice post, SM.



*apologies to those who don't remember him

[edit on 1/7/10 by pause4thought]

reply to post by pause4thought


I've been following him for a while now and his info always seems pretty solid and reliable. However, another guy I've been listening to who's also been solid has said that he expects to see the Dow head down today but then close above. We would then see a bit of a bounce. However he is also aknowledging the that there is a huge head and shoulders formation so if we do bounce it won't be for long.

[edit on 1-7-2010 by SpaceMonkeys]

reply to post by SpaceMonkeys


Fair enough. Though as I understood it he was talking about imminent falls, not necessarily falls happening today. Have I read it right?

reply to post by pause4thought


Sorry yep that's right. We'll have to see what these coming weeks bring.
Watch this space.
I hope we close below May 6th, want to see what happens.


[edit on 1-7-2010 by SpaceMonkeys]

Originally posted by SpaceMonkeys
A very interesting edition of the Vulcan Report today. He thinks something strange is going on in the markets and something is definately not right. See for yourself.

www.youtube.com...

The Vulcan Report?

Jesus Christ people

reply to post by GreenBicMan


I have to say, GBM, there's no need to be condescending. How about listing to the reasoning behind what the guy says, analyzing it & explaining why you disagree (-which you've already decided to do, even before you've heard it).

Maybe then you might appreciate why a lurker has taken the time to to post the report on this particular day.

reply to post by pause4thought


This just all relates back to one point I continually make.

Do your own homework always. Someone is always linking to something "some guy" says. There are about 1 Billion "some guys" in the financial marketplace, all of them correct 40-50% of the time and all incorrect 50-60% of the time.

Looking at everything from a statistical point of reference puts things into perspective. I have seen the "vulcan report" before and it is garbage. And whomever is touting this at one point will most likely lead to a new "subscription" or something down the line. All this pseudo intellectual bull**** is just garbage and always leads to negative yielding results with a large enough sample size because no one is smarter than the market on a day to day basis.

I wouldn't be surprised if it was a member here as I have seen it linked before. I have spent half of my life devoted to these statistics and technicals. The only winners ON AN INTRADAY BASIS ARE LIQUIDITY PROVIDERS AND PEOPLE ON THE FLOOR OF THE CME OR NYSE regarding non OTC markets.

There is no such thing as "PRICE ACTION ON A TIME INTERVAL CHART" and I would be very interested indeed *if* the author could actually define price action without seeing things in a tick resolution or equi-volume bars. It is laughable.

It is all bull# - thats why I am always so adamant to speak up when I see pure bull#.

[edit on 1-7-2010 by GreenBicMan]

reply to post by GreenBicMan


I don't think many people here are thinking on an 'intra-day' basis, or day trading. That's where the difference lies.

The macro view is what most here are interested in and I would say that things are playing out pretty much just like it has been pointed out hundreds of times in this thread.

The ball is in your boys (Heli-Ben's) court. Will he print more or will he allow deflation to take its course? That is the ONLY question. My bet's on PRINT. That or face the wrath of the govt and its related parasites.

reply to post by HimWhoHathAnEar


I understand that (I am not disagreeing with you), but once you click on the hyperlink the first thing it says is:

"Price Action Update"

Then I hear..

"Something is afoot"

"Something is definately about to go down"

"Something is definately not right"

"Someone is operating.."

"Not Normal Activity"

"Casino Has been rigged"

_________________________


I am not speaking about macro/whatever etc. I am specifically pointing out that this "vulcan d-bag" doesn't know # and he is displaying this becausehe can't comprehend when the market needs to sell gold to provide liquidity into the Euro.

He keeps stressing this isn't "normal". "Something doesn't feel right". The only thing that isn't right is his little knowledge of how derivatives and securities unwind. It would also do him some good to learn what the commodity dollar is as well.

reply to post by GreenBicMan

I wouldn't be surprised if it was a member here as I have seen it linked before.

Well, with statements like that it's no wonder a fair few people have suggested you are a "shill for the PTB".

I have spent half of my life devoted to these statistics and technicals.

I respect your technical knowledge, but many believe you consistently can't see the wood for the trees. Technical trees.

The only winners ON AN INTRADAY BASIS ARE LIQUIDITY PROVIDERS AND PEOPLE ON THE FLOOR OF THE CME OR NYSE regarding non OTC markets.

The vast majority of posters are here to get the bigger picture. Not to get investment advice. (Which is against the Ts&Cs, anyway.) So if 'The Vulcan Report' —or any other punter— may from time to time have something interesting to say that could possibly have a bearing on the discussion, live & let live.

By all means tell us why you disagree. (Even if it has to do with who's paying your bills...)

There is no such thing as "PRICE ACTION ON A TIME INTERVAL CHART" and I would be very interested indeed *if* the author could actually define price action without seeing things in a tick resolution or equi-volume bars.

Ad hominem attacks often sound convincing — till you see what they really are.

I am left in no doubt that if a blogger with similarly graph-filled posts supported your particular view of the markets, you'd be somewhat less concerned about his crossing his 't's & dotting his 'i's.

Even if his name were GBM.

Gee, man, I've been thinking about Stander recently too often.
Is he going to adapt to tar-chow?
I am worried.

Originally posted by pause4thought
reply to post by GreenBicMan

 

I wouldn't be surprised if it was a member here as I have seen it linked before.

Well, with statements like that it's no wonder a fair few people have suggested you are a "shill for the PTB".

I have spent half of my life devoted to these statistics and technicals.

I respect your technical knowledge, but many believe you consistently can't see the wood for the trees. Technical trees.

The only winners ON AN INTRADAY BASIS ARE LIQUIDITY PROVIDERS AND PEOPLE ON THE FLOOR OF THE CME OR NYSE regarding non OTC markets.

The vast majority of posters are here to get the bigger picture. Not to get investment advice. (Which is against the Ts&Cs, anyway.) So if 'The Vulcan Report' —or any other punter— may from time to time have something interesting to say that could possibly have a bearing on the discussion, live & let live.

By all means tell us why you disagree. (Even if it has to do with who's paying your bills...)

There is no such thing as "PRICE ACTION ON A TIME INTERVAL CHART" and I would be very interested indeed *if* the author could actually define price action without seeing things in a tick resolution or equi-volume bars.

Ad hominem attacks often sound convincing — till you see what they really are.

I am left in no doubt that if a blogger with similarly graph-filled posts supported your particular view of the markets, you'd be somewhat less concerned about his crossing his 't's & dotting his 'i's.

Even if his name were GBM.

Jesus

#1 )

I have never linked to anything for any of my information.

I have never sent out a newsletter

I have never made a #ty YouTube Video

#2 )

I have always said to always do your own homework.

I have NEVER AND NEVER WILL tell people "something is afoot" when I can't comprehend what the market is doing.

AND I CERTAINLY would never blame anything/anyone else on the outcome of my poor judgement in the marketplace as this character has in this YouTube Video.

The funny thing is there is certainly a reason he is wrong and he seems befuddled that GLD can sell off when the EUR USD moves more than "x" amount of deviations from the mean.

reply to post by GreenBicMan


Do you remember when you said goldman sachs was gona rally up a few months ago? and that you were so sure that if it went under 150 you would change your name or something like that? And then it went below 150 and kept on trucking? Well Vulcan Report said on the same day it happened that it would do. Kind of ironic don't you think?
This guy has been right so many times and his technical analysis is spot on. And no he doesn't take money from anyone.

reply to post by GreenBicMan


Some of your posts have got real class, GBM. Many have enjoyed perusing your graphs and & appreciated your thoughts over many months.

But those very same people get irked, big time, when you set yourself up on a pedestal. Yes, you do your own research, and doubtless have been for long enough. But some folks have less technical knowledge but an eye for joining the dots. And sometimes those same people are basically mulling things over, pointing out anomalous occurrences, etc.

It seems to be lost on you that something like today's Vulcan Report is not actually trying to sell a fully-formed theory — it is standing back from the minutiae and suggesting certain patterns may constitute evidence of linked/coordinated movements across several markets.

What folks enjoy on ATS is an openmindedness, and that includes listening to all and sundry. Not many in here have professorial/investment fund management knowledge/experience (-though some do).

Most of us couldn't give two hoots if a commentator can't actually "define price action without seeing things in a tick resolution or equi-volume bars".

If being a financial Oracle on paper meant you got it right the entire global financial system wouldn't be in the current indescribable mess.

In reality the world of investments involves a great deal of intuition, and as such is often more akin to an art than a science.

What good is it if you can 'define price action', but acquiesce to the fleecing of wage-earners and the destruction of their jobs, equities and pensions?

I'd rather listen to a guy who can forewarn of a possible major downturn on the back of joined-up thinking than a hundred 'nothing to see here, move along' merchants.

I will respond later when I have more time

Originally posted by GreenBicMan

Originally posted by SpaceMonkeys
A very interesting edition of the Vulcan Report today. He thinks something strange is going on in the markets and something is definately not right. See for yourself.

www.youtube.com...

The Vulcan Report?

Jesus Christ people

Ok...so we're clear, it is your contention that this thread should not have alternative financial information shared with the good members of this board?

Instead, we should only follow the sources that you deem worthy?

I got that right?

Dude, your ignorance is shinning brighter than ever and it is only slightly overshadowed by your arrogance and blatant support for the status quo.

The scary thing is that when the crunch hits, it will be people like you that will be more dangerous than the TPTB.

I dunno call me an a-hole but the words coming to mind right now would be disinfo artist, shill, sheep, apologist, dangerous, douche bag.

Hey, have you ever seen the alternate ending to "Boiler Room"? If not you should.

[edit on 1-7-2010 by OnTheFelt]