It seems that the PPT and Banks can manipulate the market in such a skillful way, through spinning the news and active involvement in the financial market, then, do the FAZ longs still have any chance of winning in the coming months?
Another question, do the PPT and Banks have any motivation to plunge the market very soon?
Thanks for your inputs, very inspiring indeed.
My believe is, once we figure out PPT's short term and long term objective and available strategies / tactics, we will get a clearer picture where the market is heading.
"If you were PPT, what would you want to achieve in both short term and long term timeframe, what plans do you have to achieve the objectives? What is the shortfall and consequence of each plan..."
It is like playing chess, need to figure out their next possible moves.
PPT works only as long as the government can print up money. I suppose there's no limit if they want a banana republic. I can only hope they come to their senses before we turn into Zimbabwe with SPX at 50K.
All guesses at this point. In the short term the market is very overbought. Cyclically speaking, it should be topping any day now (perhaps bottom late June?) But with the sentiment being so bullish still (and manipulated), it is possible to trade sideways to work off the overbought conditions before a break higher. We will soon find out if this 950 SPX and 8750 dow can provide any kind of resistance. A decisive break above will bring in more sideline money. All IMHO. In the end it will all end badly. Question is will it manifest this year or the next?
"they" put the gun on FASB head to change Markie-Mark. FASB knows it is not right and wants to change it back. "They" make the rule so what make you think that they won't take that power away from FASB.
right, but it is very likely they will be raising capital again later this year if fasb 140 goes through implementation at the beginning of next year (jpm has 640billion in off-sheet toxic to recognized)
i guess my concern is the current administration/congress could start to like how this PPT thing works and ask for more and more of a bad thing
this is really going to end in a disaster for our economy, i mean a far worse disaster than now
Gold is boiling over again. Besides signaling inflation, it's telling you that the dollar is dying. They won't let gold stay up there for too long. One day they won't be able to control it, but they will fight it as long as they can.
$USD needs to be propped up - an order made by the Chinese. They don't want their investments to become completely worthless. They probably agreed to lend us money as long as the dollar doesn't devalue much more. Funny thing is the Chinese don't believe a thing Geithner says about the assets being safe. China is talking with Russia, Brazil, India and other emerging economies about creating a new reserve currency. This alone should scare Bernanke a little. That is probably why he's been warning about curbing deficits and how a high ratio of deficit to GDP can derail the recovery and send us back to financial turmoil. They're gonna have to prop the dollar so commodity prices can drop. High crude prices can kill the recovery prematurely.
I believe the powers that be are still holding up the market till the banks can all raise their capital, as much as they can. Once the TARP is paid back, the banks burn the bridge with the government. Banks better have sufficient capital; imagine how embarrassing it would be if they have to ask taxpayers for money again. It'll crash the market.
"they" will drop the market. It will cause more harm to let the US$ drop (hurt the bank but helps commodities). They cannot let the bank die. Most senators and staff in the "W-house" are sponsored by banks. They will drop the market and go beg the congress to issue more bailout to stabilize the market. Just a matter of time.