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"The crash will be big" and Congressman Alan Grayson Interview etc...

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August 26, 2009 – Comments (2) | RELATED TICKERS: GS , JPM , GM

Vox Day:


The Market Ticker explains the fraudulent nature of the market rally:

So let me see if I get this right. 2.126 billion shares traded in four stocks [Citigroup, Fannie, Freddie, and Bank of America -VD]... These four stocks represented thirty seven percent of all shares traded today. Today 3,162 different stocks traded on the NYSE. These four represent 0.13% of the total, yet they comprised 37% of the volume.

And to top it all off, two of those corporations are confirmed to be insolvent.
But, on the plus side, at least we know where that money the Federal Reserve doesn't want audited is going....

UPDATE - And here's a contrarian indicator: Investors Intelligence, which tracks the market views of about 130 independent investment newsletter editors, said 19.8% of the letters now are bearish on stocks, down from 23.1% the previous week and the fewest since the 19.6% reading of October 2007.

 

Chris Martenson has a great line up of posts today:

THE FEDERAL RESERVE MUST DIE

“Paper money eventually returns to its intrinsic value ---- zero.” – Voltaire

King/Grayson Interview (Audio, H/T Inverstorzzo)

Buffett Banana Republic (Video on page, H/T Investorzzo)

 

2 Comments – Post Your Own

#1) On August 26, 2009 at 8:47 PM, dragonLZ (99.40) wrote:

Nice post, abitare. Thanks for doing your parts for this great cause...

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#2) On August 27, 2009 at 6:09 AM, abitare (34.31) wrote:

dragonLZ,

As you should know:

And you shall know the truth, and the truth shall make you free. 

John 8:32

I do not care about causes or fear. I am not selling a book or newsletter. I was a commodity Bull in 2007, but I turned mostly / uber bearish 3 months before the collapse. I was #1 in points and abitarePERFECT become #1 on the day of the collapse.

I provide information to those that seek the truth in a financial world made up inept/corrupt liars.  I post what I think is relevant to me Fools can find others mentors.  However, most of the "Top" Fools that are Bulls have accounts created when? 

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