Chip stocks, Cummins warning pull stocks lower

See how quickly Jubak's forum was pulled.  Now, here comes Charlie.  Give us 'bone', there Charlie.  The 'markets' are a joke and 'controlled and contrived' and have been for quite some time.  Another city went bust...Scranton, PA.  This will continue as k's and pension plans are being raided right now.  The markets' are just 'churning the same.  There was no recovery.  We are in a depresssion right now.  It is basically game set and match for the pundits here.  They backed themselves all the way into that infamous corner this time.  It is all BS and we know it and they know it. 

Dear Obama,

YOU want to TAX me for making money while working 70+ hours per week???

YOU will get your wish,  but no money from me, just more employees laid off........

because that's what you are askinf for!!!

Wealth is down, GDP is down, consumer confidence is down, productivity down, labor participation rate down, savings down, and corporate profits down. Food prices up, government expenditures up, food stamp benefits up, social security disability claims up, those falling into poverty level up, consumer debt up, national debt up, trade deficit up, and Whitehouse excuses up

The market, if left to its own devices will continue to go down until all the fake wealth that was created in the run up to the housing crisis has been defaulted out of existence.  All that's left to decide is who will be holding the hot potatoes (financial instruments)  when they actually default.  All these QEs and such are just buying time so the institutions can lay off as many of the bad investments as possible.  Hopefully they aren't still making stupid investments (like Morgan Stanley) but one can never be sure.   We will never be told how deep our banks are into Europe's mess and the public would probably panic if they found out.  If you know you will get bailed out you have to invest irresponsibly just to keep up with the other too big to fail banks. Otherwise your earnings will lag and your stock might dip!  GASP!!   The result is that we are probably going to have 10 bad years instead of 3 terrible years.   The savers that were prepared for these times are footing the bill with the devaluation of their savings through QEs.  Counting all the fees, some retirees are already paying the banks to keep money there.  It shouldn't be legal.

The next fiasco will be the student loan balloon.  Same mechanics as the housing crisis.  The value of the commodity (a college education) becomes so artificially inflated that every student is convinced that they can borrow their way to success.  There are about twice as many colleges and universities now as there were when I came along and they all have wonderful student aid departments that help you to get all the money you need for that underwater basketweaving degree.   You can't borrow money for a house anymore but you sure can get all you want for that college degree.  No credit score or nothing!  Sound familiar?    Don't get me wrong, we need highly educated people to be successsful as a country but every student needs to see an honest return-on-investment​ analysis of their college payouts before they saddle themselves with so much debt. There is a tremendous sucking of wealth into the "business"  of higher education that will never be recouped.  The scariest part of this bubble is that when it pops, you can't escape your mistake through bankruptcy.  The IRS comes after you.  I forsee some type of indentured government service for all these grads.  At least they will have a job. 

This is only the beginning folks. BIGGER and BIGGER Layoffs are still to come. Who is kidding Who the real unemployment rate is at 14.1 % not the 8.2% we are deliberately stuck on before the elections. And it is getting worse as the Food Stamp recipient add another 30K this month along. Shopping is a thing of the past and your seeing more and more Accepting food stamp signs everywhere. Retail is just starting to feeling it in the last month and it will continue. Just wait for the back to school disappointment, the post election climax or anticlimax and BIGGER STILL when retail implodes right after Christmas...!!! Flush Q3 and Q4 down the toilet with uncertainty, looming Taxes and food prices beginning to soar again all playing parts in the Negative growth cycle as it amplifies. Oil is going to hover at 80.00+ a barrel just to keep the oil companies and oil countries from "suffering" . US Manufactures and sales territories have been decimated with many companies not wanting to hold on to any inventory along with Strained credit with vendors placing them on COD or CIA payment options only leaving no option but to close down and go bankrupt. Credit is tight or non existent and the Banks are holding on to a lot of BAD commercial and HOME real estate debts. Exports and foreign investments begin to drop again after the dollar finds some strength and starting to cut into Home purchases by foreign investors. Watch for this 4 YEAR RECESSION TO CONTINUE...!!

This is only the beginning folks. BIGGER and BIGGER Layoffs are still to come. Who is kidding Who the real unemployment rate is at 14.1 % not the 8.2% we are deliberately stuck on before the elections. And it is getting worse as the Food Stamp recipient add another 30K this month along. Shopping is a thing of the past and your seeing more and more Accepting food stamp signs everywhere. Retail is just starting to feeling it in the last month and it will continue. Just wait for the back to school disappointment, the post election climax or anticlimax and BIGGER STILL when retail implodes right after Christmas...!!!  Flush Q3 and Q4 down the toilet with uncertainty, looming Taxes and food prices beginning to soar again all playing parts in the Negative growth cycle as it amplifies. Oil is going to hover at 80.00+ a barrel just to keep the oil companies and oil countries  from "suffering" . US Manufactures and sales territories have been decimated with many companies not wanting to hold  on to any inventory along with Strained credit with vendors placing them on COD or CIA payment options only leaving no option but to close down and go bankrupt. Credit is tight or non existent and the Banks are holding on to a lot of BAD commercial and HOME real estate debts. Exports and foreign investments begin to drop again after the dollar finds some strength  and starting to cut into Home purchases by foreign investors. Watch for this 4 YEAR RECESSION TO CONTINUE...!!

Another dramatic swing for no reason. Tomorrow, stocks break an all time high. The next day, stocks fall because the wind blew today! This is nonsense! Speculators are raking it in though! Let's keep giving them free reign! Yeah, let's keep doing that!

(sarcasm, in case anybody can't figure that out).