More spot-on analysis by Chris Martenson. Link and excerpts: [more]
I'm beginning to think that the vast majority of the 60,000+ CAPS members are merely experimental friends of portefeuille! Something must be done to limit the number of players that one person can create!!!
Are you a Bull...or a Bear???
Here's a few exerpts from the latest by Kunstler (emphasis mine): [more]
Gotta Love Ron Paul!!! [more]
I'm glad a number of you enjoyed my post yesterday regarding all the green shoots that have been sprouting up. The market sure seemed to like it : ) Here are a few more stories to add to the list. The interesting thing is that I could probably do a post like this EVERY DAY and not run out of stories to link to. [more]
Just a handful of reasons the market will continue to go UP, UP, and AWAY!!! Thank goodness this recession has come to an end and we'll see brighter days ahead. [more]
Nathan's Economic Edge has a collection of three great articles regarding the 'recovery' that is currently underway. You'll have to click on the link to see the supporting charts and graphs. Here are some excerpts (emphasis mine) and the link: [more]
To date, I have made 457 picks on CAPS. Before today, I had made exactly 2 pitches on all of those picks - and one was only because BravoBevo prodded me after a blog I did about KIM. [more]
In it's just released report, the government upwardly revised the job loss numbers for both February and March. Here is the quote from the BLS website: [more]
In a plea to all the Bulls out there, please read this article! I'm not saying that these things will necessarily come to pass. However, the VAST majority of our mainstream financial media report nothing but wonderful news about our economy - somehow even spinning horrible data into signs that things are about to rebound. I would love nothing more than for our economy to recover tomorrow as I have family, friends and neighbors that are suffering right now. Unfortunately, I think we're a long way off from any true recovery taking hold. My hope is that you will at least CONSIDER that things might not be as rosy as the media and the market rally would suggest. In doing so, you will be better prepared for the worst case scenario should it come to pass. Link and excerpts (emphasis mine): [more]
Perhaps today's action can be explained by everyone 'buying the rumor' regarding the positive results related to the bank stress tests and now 'selling the news' since the results are about to be released.
Here is Chris Martenson's take on Bernake's testimony yesterday. Link and Excerpts:
Listen to Bernanke at Your Own Peril [more]
If one were to believe all the positive spin - oops, I mean news - and 'green shoots' that have been sprouting up lately, it won't be long before the market regains its old highs. The great news is that even though this new bull market is 8 weeks old, and 30%+ off the lows, it's definitely not too late to jump on the bandwagon!!! So what if you missed the move from 666-888, we'll be at 1111 in no time!!! [more]