Capitulation is on - again the Saturn Uranus opposition

First lets confirm that the capitulation trade is activated and the time frame is 4 weeks until we have the low. The magnitude is 10 % from here up to 15% as we started to dive below the weekly Bollingers and the expiration week is on it might slow down this weeks erosion. In any case our expected capitulation is finally happening and will make new lows for the DOW and SPX for the NDX test the old one potential down to 1000.

Obama is too much of a salesman and has too inexperienced people around and also incapable ones - they do more harm than good so far as they constantly change the ideas like real rookies. Unfortunately no margin for errors as we march full steam into the depression. The problem is that the 780 stimulus program is rather an aid package for the underprivileged ones - which is good and sets things into proportion but does not create jobs. Best case it slows down the erosion of jobs and does too little for 2009 anyway as a big part is activated in 2010 but that is definitely the wrong approach. A point of no return is about to be reached if not already and only all canons firing can stoıp the enemy (depression). Effectively nothing can stop it as the truth about the state of the banks is still hidden and they are in so deep trouble that we should be speaking double digit trillions - the mortgage issue is not in the limelight anymore.

No 2 from Goldman leaves without any comment as they are usually done - that's strange something is going on with Goldman

excerpt

Goldman Sachs President Jon Winkelried to Step Down in March

the next Madoff - R. Allen Stanford

SEC Charges Stanford in $8 Billion Fraud; Agents Raid Headquarters

The Securities and Exchange Commission charged R. Allen Stanford with an $8 billion fraud centered around the sale of certificates of deposit, saying the flamboyant businessman hoodwinked investors by promising high and seemingly safe returns.

As the SEC charges were made public Tuesday morning, U.S. marshals and Federal Bureau of Investigation agents raided Stanford offices in Houston.

The SEC said that Stanford Investment Bank sought to lull investors into thinking their investments were safe, providing assurances that the bank invested the money in liquid financial instruments that were monitored by a team of more than 20 analysts.

But those assurances were false, the SEC said. Instead of ultra-safe investments, a substantial portion of the portfolio was placed in real estate and private equity, the SEC said. The investments weren't monitored by a team of analysts, but instead by two people, Mr. Stanford and James Davis, chief financial officer of the bank.