Comments on: THE PROBABILITY OF A CRISIS WILL BUILD DURING 2010

By: Eugenio

Eugenio — Fri, 15 Jan 2010 14:54:57 +0000

To Blobby,

Touching what Fed Rate? The Fed Rate is non-existent. As far as removing QE, that possibility is long gone. The Fed is caught in their own trap. If they remove QE the Bond market crashes, since they are the only current buyer of US treasuries; and mortgage defaults rise exponentially overnight in a more serious replay of 2008 which will kill the banking industry and Wall Street (not that it is a bad thing after all. Unfortunately, the consequences will be felt by everybody. But that is inevitable anymore.)

Buy hard assets and store outside the US, and hope for the best!

By: Dave

Dave — Fri, 15 Jan 2010 11:58:36 +0000

Sorry,that’s one of the problems that we have in this nation(US).
There are tens of millions who rely on “meds” to dull their thinking or dull their outrage to what they realize government is doing to them.
I will not join you in your intentionally induced apathy.

By: BONBON

BONBON — Fri, 15 Jan 2010 06:48:15 +0000

DAVE , ..TAKE YOUR MEDS !

By: David

David — Fri, 15 Jan 2010 01:38:58 +0000

Consumers already have frost-bitten feet — and with the continued rise in unemployment, there will be fewer and fewer robust consumers left (and many of them are already cutting back).

The Fed and UST get it wrong every time they take action — attempts to produce a short term “sugar” high appear to work — but in the long run the damage is widespread.

And yes, obviously foreigners could (actually some already are) lose confidence in the USD along with a lot of other currencies. But even if a major loss in world confidence does not occur, as long as the printing of new US dollars continues 24/7 we will have neither a sound economy or strong dollar.

By: Dave

Dave — Fri, 15 Jan 2010 01:18:03 +0000

Call me paranoid,but I see something that will take all of our minds off of every aspect of the economy…
A serious terroristic attack(false flag)to be blamed on Iran.
Thanks to our biggest enemy who only masquerades as our ally-Israel.
Think I’m being unfair?,which country(and their faithful)has completely permeated our government,TV media,banking and publishing houses?
Which country has/is spying on us,stolen money from us and gotten us involved in wars that benefit them,Iran or Israel?

By: madmarc

madmarc — Fri, 15 Jan 2010 01:01:20 +0000

Nothing new here, same old same old. “THere is a severe possibility that things may, or may not, be worse, or better, than they were before, with a distinct likelyhood of possibly being different than at any time when they were better, but not worse, than now”. Chilling, in-depth analysis of things to come. It’s a wonder these weak kneed sophomoric moron writers still have jobs.

By: keith piccirillo

keith piccirillo — Thu, 14 Jan 2010 02:36:55 +0000

Nice post, nothing to add other than I liked Edna’s bonfire analogy…bankers appearance today were a reminder of this, and I sense they run up at earnings time.

By: TPC

TPC — Wed, 13 Jan 2010 21:07:41 +0000

Likely near the end of the month. I like stocks into the middle of earnings when I believe a “sell the news” mentality is likely to set-in.

By: DLK39

DLK39 — Wed, 13 Jan 2010 20:38:54 +0000

How long will you be an owner of stocks here? You’ve said your duration is fairly short, but how short?

By: TPC

TPC — Wed, 13 Jan 2010 20:24:46 +0000

Yesterday was a classic knee jerk reaction on unimportant news. Alcoa is not a barometer of earnings to come. The bears are all talk and no action at this point. I hear lots of people who don’t like this market, but none of them are willing to put their money where their mouth is and short the market. Unless we get a major selling catalyst this market will continue to melt higher as earnings season progresses.