Apple is down 2%. The big gold ETF, GLD, is down 1.4%.
These moves are happening on a day when the market is basically flat. It’s not an accident that they’re diving together.
The reason is: During the immediate post-crisis era, gold and Apple were huge outperformers, that were uncorrelated to the day-to-day “risk on, risk off” regime that was dominating financial markets.
Remember, investors are desperate to find uncorrelated assets that don’t just [...]
Two interesting articles I found online discussion the meeting which goes on rather unnoted by MSM. Something might be boiling.
First at SD:
My guess is that the end game is in fact being discussed. How best to shut the current system down, reboot another one AND retain as much power as possible. I truly believe that preparations are being discussed here and now “how best” (for them) to close out this [...]
September 30, 2012
Iran’s semi-official Fars News Agency published a story Friday claiming that a Gallup poll found that rural white Americans prefer Iranian President Mahmoud Ahmadinejad over President Barack Obama.
[...] Its serious tone fools many who are new to the lampoons. Onion yarns have tricked news outlets in the U.S. and overseas.
[...] The article went on to quote a West Virginia resident as saying he would rather grab a [...]
Jim Rogers: This Stock Market Rally Will ‘End Terribly’
Stocks have hit multi-year highs recently, but are due for sell-off, since the gains have not been based on fundamentals but rather loose Federal Reserve policies marked by liquidity injections into the economy that have artificially propped up markets, said noted international investor Jim Rogers.
Since the 2008 financial crisis, the Fed has slashed interest rates to near zero percent and has carried [...]
A new virus threat is spreading rapidly on Twitter – driven by Tweets that seem to link to a photo of the user.
There is no photo – and researchers warn that the cybercriminals could change the wording of the Tweets at any time.
Instead, clicking the link connects users to a Russian website that overwhelms their computer, infecting them with the ‘Blackhole’ exploit kit.
Twitter threat; There is no photo – and [...]
Raúl Ilargi Meijer, The Automatic Earth
Oh come on, leave the girl alone already. First off, all those people talking about a solution for the eurozone need to finally understand there ain’t no such thing. And whatever slim chance of a solution the most optimistic – delusional – among them may be so desperate to cling on to, at least they should recognize that Angela doesn’t hold the keys to the city. [...]
From The Reformed Broker:
I love my friend Joe Weisenthal, and I know he’s half-kidding with his monthly routine of turning the BLS Non Farm Payrolls report into the Super Bowl – 12 times a year. We’ve gotten into this habit in the financial web and media of treating each successive BLS Day since the crash as though it’s the most important one EVER!
But the truth is, only a few of them, at [...]
Why does the White House promote so much racial tension. Why does the media who fawns over Obama do the same. What is the master plan?
To me it’s plain to see the trends. If race riots break out across the nation this would be an excuse to implement martial law by our wonderful Federal Government. Just think about it, with martial law there would be no more bad stories in [...]
A man thought he won a $1million lottery prize until he realized the ticket he had was a misprint.
Paul Pasquarosa of Boston, Massachusetts was overjoyed when he learned that his Cashword scratch-off lottery ticket had matched three red words, which equals a million-dollar prize.
But luck for the father of two quickly faded when the ticket was determined to be defective.
Instead of becoming a millionaire, Mr Pasquarosa was in possession of [...]
All of the White Houses budget numbers from the “Ivy League Geniuses” (and I won’t even include clueless Gene Sperling) assume 3% PLUS GDP expansions to support the massive spending.
Sorry folks, the deficit is getting WORSE.
See page #3 of “summary Tables”
Barry’s Boyz assume $400 Billion in “additional revenues” above 2011 for 2012.
They then assume ANOTHER $400 Billion on top of THAT for 2013.
The leftists that “adore” these people are fools. [...]
As of this moment, everyone who has bought and held GRPN stock since the IPO price is at best flat, and almost certainly at a massive loss, as only a few banks were allotted shares at the $20.00 offering price, which were quickly flipped to subsequent greater fools. As of this moment, GRPN is back to the IPO price or precisely $20.00. We expect once this is taken out for [...]
CAPITALISM: An economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.
CORPORATISM: The organization of a society into industrial and professional corporations serving as organs of political representation and exercising control over persons and activities within their jurisdiction.
By definition, Capitalism and Corporatism [...]
In an Ideal World that allowed for the preventable extinction of Homo Sapiens:
The Possibility of a Third Party?
In an Ideal World…
I propose that we start a new political party called “The Truth & Action Party”. The TAP would seek to ‘tap’ into whatever sapience we can find out there in the US of A. I’ll address this latter issue later.
Here is what I propose for the ideological basis for the party [...]
If it is not obvious by now, it should be -an attempt by the Central Banks of the West to derail the rise in the gold price is currently underway.
I mentioned in my midday comments that an effort would take place to prevent gold from moving beyond $1900 in an attempt to paint a double top on the daily price chart and induce a round of [...]
All of us have been watching all the hype by the media concerning this rainstorm Irene and wondering why are the media making such fools of themselves.
They have been desperate to find drama shots and massive destruction to breathlessly report on but all they can find is a stormy day.
We laugh at their idiocy BUT, I believe, it won’t be long before the real reason is [...]
PHILADELPHIA (CBS) – Mayor Michael Nutter today announced a tighter weekend curfew in the Center City and University City regions of the city, as he continues grappling with the threat of “flash mobs” in Philadelphia.
Nutter today described those engaging in flash mob rampages (see previous story) as “a tiny minority of ignorant, reckless fools.”
Then, flanked by dozens of law enforcement and community leaders, he spelled out [...]
With gold and silver taking off the to the upside, today King World News interviewed Doug Casey, Founder & Chairman of Casey Research. “I think these people are fools. What’s going on here is that the dollar is going to reach its intrinsic value in the next few years. This is really serious because the prudent people in this country, the people that produce more [...]
I do hate with a passion all of these subsidies for special interests and tax break with the government picking winners and losers. The tax code needs to change. At least 90% of the population needs to be putting into the system. Companies need to compete on the merit of their products and services, not be propped up by special tax treatment. I’d like all [...]
Yet for all fools who believe the administration will buy such nonsense as “sticky prices” we have a message for you: it won’t. After Holder was removed from his carbonite cryogenic bath, when over 3 years we heard absolutely nothing from him, and is now running around shooting oil “speculators” (but not the money printer, never the money printer) with impunity, NBC Washington [...]
From Gonzalo Lira:
As I have shown elsewhere—and this isn’t controversial or anything anyone seriously debates—the Fed is monetizing roughly 50% of the Federal government’s FY 2011 deficit by way of QE-lite and QE-2. That’s roughly $100 billion a month that the Fed provides, $75 billion of which it is printing out of thin air.
The Federal government needs this money printing—as I’ve said repeatedly, Washington is a junkie, [...]
There is a grass roots movement to crash the housing Ponzi scheme here in Australia.
There will be fewer first home buyers. No more “bigger fools”. No more feeding the base of the pyramid.
This is the best article I’ve read since this disaster began, bar none.
The usual emphasis on “panic” in disasters implies that, in a crisis, we’re all sheep wheeling around idiotically, incapable of making good decisions, and selfishly trampling those around us. The emphasis on looting implies that, in a crisis, we’re all wolves, taking ruthless advantage of and preying on each other. [...]
Evidence suggests top bank execs were fully aware of the risks they took, but drove on in search of greater reward for themselves, Simon Johnson writes.
By SIMON JOHNSON
Ship of Knaves
One view of executives at our largest banks in the run-up to the crisis of 2008 is that they were hapless fools. Unaware of how financial innovation had created toxic products and made the system fundamentally unstable, they [...]
When will we see the first $100 move in a single day in gold?
â€œBefore this year is out.Â That is one of the things which Iâ€™ve predicated my $1,650 by January of 2011 call on, and we are about to find out.
Look at Harry (Schultz) dean of the whole bunch, he believes that when confidence falls, it falls instantaneously.Â It may be ebbing and flowing, ebbing [...]
In my humble opinion, earnings are more than just a trap, they are a minefield. According to the numbers we are fed, earnings have already surpassed the threshold reached at the peak of the dot-com bubble and are projected to eclipse even the 2007 all-time record high in 2011.
If this doesn’t strike you as odd, take a moment to examine the chart below. Leading up [...]
You really can’t make this up: the WSJ reports:
As market sentiment toward the euro zone sharply deteriorates, European officials are planning a new round of bank “stress tests” that they say will be more rigorous than the widely discredited exams conducted earlier this year.
But the tests are already subject to bickering between countries. While some European leaders are pushing for next year’s tests to be [...]