RESULT: Two hits in one. Economic impact concerns being discussed among businesses and government officials globally, economic in nature, and
certainly contributes to building tensions.
#5 - Credit Dislocation Warning
Market Ticker analysis on Friday mid-day warns of a pending credit dislocation. This analysis made its way around the 'net over the weekend, allowing
traders to digest what it possibly meant. [link to market-ticker.denninger.net]
RESULT: Bulding tensions, economic in nature, and served as a lead into Monday's market gyrations. Webbot hit on the word "lockdown".
#6 - Citi Needs Cash -- And Quick!!!
Citi is reportedly needing to raise cash and is willing to settle delinquent accounts at a deep discount. [link to www.zerohedge.com]
RESULT: Building tensions, economic in nature.
#7 - US/UK Financial Firms Undergoe Maintenance/DR Plans W/E of 10/24
This was not reported in any MSM, but Avian put together a nice thread to capture the blow-by-blow reporting of GLP members. This was a coordinated
event that would have gone unnoticed had it not been for the keen eye of GLP's contributors.
RESULT: A lot of tension when people could not access their on-line accounts. Certainly TPTB wanted the systems updated and/or tested. No details as
to why so many on a single date, or an explanation of the scope. More building tensions.
#8 - Capmark Financial Group (thank you Anonymous Coward User ID: 778753)
On 10/26 news spread of Capmark's banruptcy protection filing, with $21B in debt. [link to www.bloomberg.com]
“The Capmark bankruptcy reinforces that, in the case of institutions with large concentrations in commercial real estate, current disruptions to the
market have the potential to impact their viability,” said Sam Chandan, president and chief economist of Real Estate Econometrics LLC, a commercial
real estate consulting firm in Manhattan.
Result: Building tension (bankruptcy, default, bailouts, derivatives exposure, CRE collapse).
=============================================================================
CONCLUSION:
It would appear as of this analysis, the turning point is indeed economic in nature (banking system), has a political component (flu), and a possible
war component (Iran's bourse).
Additionally, it appears the subject of the turning point is focused on the Too-Big-To-Fail (TBTF) banks, both here and in the UK. Additionally, there
is a continuation of both the need for, and a calculated further devaluation of the USD. All of these result in building tensions, and it appears
these will continue until the Nov 4/5 date.
Coincident with this, the U.S. government plans to impose restrictions on Internet usage under the specious concern that 'at-home' sick workers will
kill bandwidth, resulting in disruptions in commerce.


