Financial topics

[aedens]

About 100 front-office Morgan Stanley personnel will transfer to Rosneft under the deal, including oil traders and shipping schedulers comprising about a third of the bank's total commodity team.
http://money.msn.com/business-news/arti ... d=17213149
The bank will remain in other commodity markets including gas and power trading, agriculture and metals, according to a person familiar with the matter. The bank will also retain a client oil trading business that will be able to execute both physical and financial deals.

Tue Jun 02, 2009 6:08 pm
Nationwide, there are factories and joint ventures with at least 11 foreign automakers, including General Motors, which opened a $300 million plant near St. Petersburg in November. In general, then-President Vladimir Putin set the stage for this politically driven historical bias when he referred to the collapse of the Soviet Union as the "greatest geopolitical catastrophe of the 20th century." Regarding questions of history, it seems that Medvedev is dutifully following in Putin's footsteps. And this once again demonstrates who is really calling the shots in the country. You just got to love the Moscow press.

http://www.moscowtimes.ru/article/600/42/377681.htm

Nissan is the third carmaker to build a plant in St. Petersburg after Toyota and Ford, prompting Matviyenko to declare at the ceremony that the city had built a copy of Detroit. Think about that Taxpayer before the libtards give it all away.

I miss OLD since he had a clarity from my 1974 view posted to what was then.

All political ideas or ideals have a logical fallacy in common, they all assume something is perfect or perfectable. This may or may not be stated openly, but the assumption is always there. It is not possible to govern an imperfect country filled with imperfect people in an imperfect world from such an idealistic standpoint. Whenever the practical is forced to submit to ideology, then the people and the state both suffer. And that's where we are now.

With the stroke of a pen, the government creates fiat money, thus increasing the quantity of money and credit. After a few years, the people, the workers, even the unions, began to understand what was going on. They came to realize that currency devaluation had reduced their real wages. And Keynes said, in effect, "Certainly mass unemployment prolonged year after year, is a very unsatisfactory condition." But instead of suggesting that wage rates could and should be adjusted to market conditions, he said, in effect, "If one devalues the currency and the workers are not clever enough to realize it, they will not offer resistance against a drop in real wage rates, as long as nominal wage rates remain the same." In other words, Lord Keynes was saying that if a man gets the same amount of sterling today as he got before the currency was devalued, he will not realize that he is, in fact, now getting less.

Yea we got curbed stomped in 1993 under Clinton and Zeke for thet sticky wage operation called NAFTA.

Dec 17, 2013 12:58 am

Putin's speech confirms what Moscow analyst Mikhail Delyagin warned about a decade ago, when he said the president could become a "hostage of bureaucracy." Putin's call, before the applauding bureaucrats of the Kremlin's Georgievski Hall, to "finally" achieve a "technological breakthrough" will likely be as ineffective as his previous appeals. In his last address to the nation, in Dec. 2012, Putin had clearly spelled out the dangers caused by bureaucrats who slow things down: Those who miss out on progress, Putin said, will become "outsiders" in a world of increased competition and will "inevitably lose their independence." It's a warning he did not repeat this year, though circumstances remain the same....

A liquidity trap is caused when people hoard cash. Larry Summers
Words are unable to convey our gratitude of that observation.

How is the migrant imports effecting quality and energy margins in the EU zone and who built a plant here just for that reason? Vlad was special when he said we have our very own Detroit now. Point being they can only be subsidized to function and must have oil over over $80.00 as not to implode and it appears not over $110.00 here not to decimate the already wasting vanilla market here. As we noted real estate locally has just had a record tax property sale.

You Jesuits over there can snap a check to the U.S. Taxpayers any time you get a notion. When we sent marlboro reds and levis over there and buried your frozen dead it was in the name of the carpenter only.

“We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light.” Plato

http://www.amazon.com/Histoire-Fran%C3% ... 1272332543

Unemployment Rate: March 7.1% April 6.7% May 7.4% June 8.0% July 8.4% )(P) Preliminary Aug 7.3% ) If you utilized MEDC flush the data.
As noted July was peak tax seisures sales and still will not relent on a spring sanity check on our meandering dialog here on seen effects oncoming.
X did not happen" can only proven true if you have the enumeration of *everything* that did happen and can show that X is not in it.

http://gdxforum.com/forum/viewtopic.php ... ble#p18410

Parity and maybe ES can stabilize now. I hold my spring window for now. Since 1993 locally we have been abused on many topics.......
Now I can look for value on this warm reboot......................................................

Let us get to work and get children off dirt floors and educate them with a resolve of the seen and unseen.

[aedens]

http://www.zerohedge.com/news/2013-12-2 ... eting-ever

peace and goodwill to all men under His sun. Long live the Freemen since it matters.

http://vixandmore.blogspot.be/2013/11/t ... n-vix.html

[Higgenbotham]

Parity and maybe ES can stabilize now. I hold my spring window for now.

Hindenburg Omens in 2007 per McHugh

2007.gif (38.58 KiB) Viewed 5003 times

Hindenburg Omens in 2013 per Tyler

2013.gif (33.88 KiB) Viewed 5001 times

I would posit the blue lines marked are the comparable points in time.

[aedens]

Last count was five H.O. and tagged for 30 day after watch. Good catch on that pattern indeed.
Structures have evolved and I stepped out of a few intact for now. Interesting times indeed
until the self imposed window.

[Higgenbotham]

Precious metals stocks are slammed at the open from weakening prices for underlying metals, and the Market Vectors Gold Miner ETF (GDX -2.1%) opens at a new 52-week low. GFI -2.8%, AUY -2.4%, AU -3.8%, RGLD -2.7%, NEM -3.1%, ABX -2.1%, GG -2.4%, AGI -3.2%, AEM -2.3%, SLW -2.6%, KGC -1.9%, FNV -1.6%, CDE -1.5%, EGO -1.5%, NGD -1.2%, HMY -1.2%.

I will wait Higg but I did pick up some gdx and mentioned i would pick some up and did a short time ago.
As we seen the 5 year note and gold was diffuse for sure. Unsure on wti target price for now so as noted
already put off dno and uso for now also.

As noted dec16th GDX and GDXJ (mostly GDX) ankle deep for now and not a bad idea H but will let Dr. Copper set the tempo first IMO on deeper trends.

Also not surprised either at all.... http://www.etftrends.com/2013/04/gold-m ... ed-sector/

meanwhile back at the ranch DGZ 04:00pm EST 15.91+2.38% 15.75 15.92 day 2,614,772 average 231,164

alot of black feathers jethro

Whether on purpose or not I don't know but the media will often play the joker at important market turns.

This is how market bottoms are normally formed. On Thursday gold was slammed all day to new lows while GDX bottomed in the first hour and moved higher, barely breaking its lows of the past few days before rebounding. GDX is showing signs of leading the bottoming process. If so the bottom in GDX could potentially be here while the bottom in gold and silver could still be some months away.

GDX.gif (36.08 KiB) Viewed 5001 times

[Higgenbotham]

Last count was five H.O. and tagged for 30 day after watch. Good catch on that pattern indeed.
Structures have evolved and I stepped out of a few intact for now. Interesting times indeed until the self imposed window.

It's eerily similar. July 16-23 is one of the weakest seasonal periods of the year while the upcoming days are one of the strongest. With the explosive rally over the past year the fact that there are enough issues at new 52 week lows to create a Hindenburg signal 5 times over the past few days is very surprising.

If today is indeed comparable to July 13, 2007 and the analogy carries forward, we would be looking for a high somewhere around March 18 in your time window, though things could be evolving faster given the movement on the 2007 and 2013 charts.

[Higgenbotham]

To throw out a wild guess based on the above, the S&P might not hold this week's top into the seasonally strong period and may instead rally to 1840 or so toward year end or the beginning of next year, then correct 100-200 points on some political event, then rally to 1900 toward late February or early March for the final top. This wild guess won't impact what I do except for the fact that I am slowly moving into a new short position starting with 10% yesterday and adding a little at a time over the next 5-10 days, then planning to stay short for the most part even if 1900 is eventually seen.

[aedens]

http://finviz.com/futures_performance.ashx?v=14

I will sell more into the energy window as dno was closed as noted then and will fade h.o. window
sanw and hnr was my last bubble gum and will eat f as a carry..
As noted been walking slowly out the way so if I miss this last push so be it.
I noted the long wave observation a short time ago and some deeper trends touched on.
If we are carving a secular bottom I can wait for clarification on this current market iteration.
Good hunting.....

T noted that --- While ominous in its wording, the features that cause an Omen are all about market confusion with highs, lows, advancers, decliners, and momentum all signaling opposing (and mixed) views. With this week's FOMC meeting likely to resolve in significant volatility one way or the other, it is perhaps not surprising ---

[Higgenbotham]

T noted that --- While ominous in its wording, the features that cause an Omen are all about market confusion with highs, lows, advancers, decliners, and momentum all signaling opposing (and mixed) views. With this week's FOMC meeting likely to resolve in significant volatility one way or the other, it is perhaps not surprising ---

I think T has it right with regard to what has happened in the past decades as the economic self-correction process was still intact but not with regard to what is happening now where the FOMC has potentially destroyed the self-correction process. If so, this is more evidence of the wasting process that you have pointed out. The first victims were the peripheral countries, then the middle class, etc., and now the destruction has spread into the lower tiers of the New York Stock Exchange itself with 2.2% of New York Stock Exchange companies making new 52 week lows during about half of the NYSE sessions of late, and that is even with the market going up strongly on some of these days and the indexes being some 40% above their 52 week lows. There is no confusion here in my mind, to use Tyler's word. While the peripheral countries and the middle class have been permanently destroyed, the disease is now affecting the core, and NYSE companies are being permanently destroyed in significant numbers. This will continue until the NYSE reaches its intrinsic value, which is zero. The current situation is different than anything that has been seen in the past 20 centuries all the way back to the fall of Rome. If I'm right about that, new lows will do nothing but increase from here on out and bankruptcy will follow bankruptcy when things really get rolling. On the other hand, the immediate evidence this is playing out might see the strong getting stronger and the averages rising even as new 52 week lows hit record numbers that were never seen in the past with the averages continuing to rise. This is already happening to an extent, which is one reason why I don't expect last week's high to hold as it would in a normal market.

[Higgenbotham]

To put it in Orwellian terms some people are more equal than others. Some get lots of free money, some get a little, while some get none. Those who get lots of free money don't need to do anything to correct their unprofitable behavior, so the FOMC has rendered the self-correction process null and void for some time now. Even those who get a little free money don't need to either. They don't need to plant a garden, for example; they can go to the store and get free food with their food ration cards. When the supply of free money slows, some people will still be more equal than others, but fewer. Those who get no free money or not enough can't operate their households or businesses profitably in more cases because those who need to support the system by changing their unprofitable behavior don't need to. That's what the Hindenburg signal means to me, as it relates to the NYSE companies. It didn't mean that so much at any time prior to now.