1. The week closed almost at the high for US markets on the Venus going retrogade in an excellent angle to the US sun which should mark a temporary high for a decent pullback. Monday should start higher but reverse latest by Tuesday for a sharp correction of 5-8 percent over 2 weeks before resuming the current uptrend as stated in earlier posts. The overall bull manipulation has another leg to go but big trouble is ahead once we reach those levels but that we will consider once we reach those insane levels in 4-6 weeks.
2. Lets start with the funny part of the problem - this will be another bonanza for lawyers since the investment banks who sold this toxic stuff are liable for misrepresentation etc. and the foreclosed ones can screw with the banks who screwed with them. Might solve the job market problem though as the country will need a few mio new lawyers to handle all the cases but the banks will now be officially bankrupt due to the fees and settlements after they were already broke but accounting fraud sponsored by DC and a lifeline of zero interest rate financing with some free ride trading profits by the FED kept the dead man walking.
Jon Stewart On The Humor In The High Frequency Signing Scandal
Submitted by Tyler Durden on 10/08/2010 09:10 -0500
Just because every radioactive cloud has a humorous lining, here is how the event that will take home prices another major leg lower is made funny, thanks to Jon Stewart.
|The Daily Show With Jon Stewart||Mon - Thurs 11p / 10c|