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lquadland10 (< 20)

Omg The dollar is up. Looking at sectors.

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November 21, 2011 – Comments (1) | RELATED TICKERS: GS , CME , BAC

On the break down of comodies. What? Its because the dollar is up. Really? Don't think so. After all the dollar is Y $22.44 on Oct 3. Well it is now $22.03 ( +0.09% change today). Still lower than a 6 weeks ago. The dollar up by .09%? Really now. Maybe it is because there wil be runs on the banks here in the USA over the next 2 months. Maybe it is because Hedge Funds are bailing from a corrupt CME. Their words not mine.‘Going Galt’: Hedge Broker Shuts Down Firm With Chilling Letter About the Market  http://www.theblaze.com/stories/going-galt-hedge-broker-shuts-down-firm-with-chilling-letter-about-the-market/

“I could no longer tell my clients that their monies and positions were safe in the futures and options markets – because they are not,” she writes. And then she unloads:  Everything changed just a few short weeks ago. A firm, led by a crony of the Obama regime, stole all of the non-margined cash held by customers of his firm. Let’s not sugar-coat this or make this crime seem “complex” and “abstract” by drowning ourselves in six-dollar words and uber-technical jargon. Jon Corzine STOLE the customer cash at MF Global. Knowing Jon Corzine, and knowing the abject lawlessness and contempt for humanity of the Marxist Obama regime and its cronies, this is not really a surprise. What was a surprise was the reaction of the exchanges and regulators. Their reaction has been to take a bad situation and make it orders of magnitude worse. Specifically, they froze customers out of their accounts WHILE THE MARKETS CONTINUED TO TRADE, refusing to even allow them to liquidate. This is unfathomable. The risk exposure precedent that has been set is completely intolerable and has destroyed the entire industry paradigm. No informed person can continue to engage these markets, and no moral person can continue to broker or facilitate customer engagement in what is now a massive game of Russian Roulette.

I do believe that we are getting to the true price of the market with out all the leverage going on. What down 80% oh no maybe not that much because of the 401 k Roths and other IRA's.Unless they take that money also. I forsee more backstabing between the powers that be. More double crossings and air plane crashes.  Ah well life is good. I came in this world with nothing and  so shall I leave it. I would like to leave my son a little cash but I am blessed by a good son who works hard and helps people. Can't ask for more than that. Will people keep their money in the banks? Who knows. Calls are going out world wide for a run on all banks. Who knows what will happen in the next half hour much less the next year. Just stay safe. Blessings and all good to all. I still believe to have gold and silver on hand in house somewhere along with 4 months worth of cash. 

1 Comments – Post Your Own

#1) On November 21, 2011 at 4:12 PM, Z200 (61.36) wrote:

I think your commentary might be a bit reactionary but over all I agree with the context. Most usefull I think is your insite as to the rise of the dollar.

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