Best of the Week
Most Popular
1. TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
2.Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
3.GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
4.Crypto Bubble Bursts! Nicehash Suspends Coinbase Withdrawals, Bitcoin, Ethereum Bear Market Begins - 16th May 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
7.Stock Market - Should You Be In Cash Right Now? - 17th May 21
8.Gold to Benefit from Mounting US Debt Pile - 14th May 21
9.Coronavius Covid-19 in Italy in August 2019! - 13th May 21
10.How to Invest in HIGH RISK Tech Stocks for 2021 and Beyond - Part 2 of 2 - 18th May 21
Last 7 days
USDT Ponzi Scheme FINAL WARNING To EXIT Before Tether Collapses Crypto Exchange Markets - 22nd Jun 21
Stock Market Correction Starting - 22nd Jun 21
This Green SuperFuel Could Change Everything For the $14 Trillion Shipping Industry - 22nd Jun 21
Virgin Media Fibre Broadband Installation - What to Expect, Quality of Wiring, Service etc. - 21st Jun 21
Feel the Inflationary Heartbeat - 21st Jun 21
The Green Superfuel That Could Disrupt Global Energy Markers - 21st Jun 21
How Binance SCAMs Crypto Traders with UP DOWN Coins, Futures, Options and Leverage - Don't Get Bogdanoffed! - 20th Jun 21
Smart Money Accumulating Physical Silver Ahead Of New Basel III Regulations And Price Explosion To $44 - 20th Jun 21
Rambling Fed Triggers Gold/Silver Correction: Are Investors Being Duped? - 20th Jun 21
Gold: The Fed Wreaked Havoc on the Precious Metals - 20th Jun 21
Investing in the Tulip Crypto Mania 2021 - 19th Jun 21
Here’s Why Historic US Housing Market Boom Can Continue - 19th Jun 21
Cryptos: What the "Bizarre" World of Non-Fungible Tokens May Be Signaling - 19th Jun 21
Hyperinflationary Expectations: Reflections on Cryptocurrency and the Markets - 19th Jun 21
Gold Prices Investors beat Central Banks and Jewelry, as having the most Impact - 18th Jun 21
Has the Dust Settled After Fed Day? Not Just Yet - 18th Jun 21
Gold Asks: Will the Economic Boom Continue? - 18th Jun 21
STABLE COINS PONZI Crypto SCAM WARNING! Iron Titan CRASH to ZERO! Exit USDT While You Can! - 18th Jun 21
FOMC Surprise Takeaways - 18th Jun 21
Youtube Upload Stuck at 0% QUICK FIXES Solutions Tutorial - 18th Jun 21
AI Stock Buying Levels, Ratings, Valuations Video - 18th Jun 21
AI Stock Buying Levels, Ratings, Valuations and Trend Analysis into Market Correction - 17th Jun 21
Stocks, Gold, Silver Markets Inflation Tipping Point - 17th Jun 21
Letting Yourself Relax with Activities That You Might Not Have Considered - 17th Jun 21
The Federal Reserve and Inflation - 16th Jun 21
Inflation Soars 5%! Will Gold Skyrocket? - 16th Jun 21
Stock Market Sentiment Speaks: Inflation Is For Fools - 16th Jun 21
Four News Events That Could Drive Gold Bullion Demand - 16th Jun 21
5 ways that crypto is changing the face of online casinos - 16th Jun 21
Transitory Inflation Debate - 15th Jun 21
USDX: The Cleanest Shirt Among the Dirty Laundry - 15th Jun 21
Inflation and Stock Market SPX Record Highs. PPI, FOMC Meeting in Focus - 15th Jun 21
Stock Market SPX 4310 Right Around the Corner! - 15th Jun 21
AI Stocks Strength vs Weakness - Why Selling Google or Facebook is a Big Mistake! - 14th Jun 21
The Bitcoin Crime Wave Hits - 14th Jun 21
Gold Time for Consolidation and Lower Volatility - 14th Jun 21
More Banks & Investors Are NOT Believing Fed Propaganda - 14th Jun 21
Market Inflation Bets – Squaring or Not - 14th Jun 21
Is Gold Really an Inflation Hedge? - 14th Jun 21
The FED Holds the Market. How Long Will It Last? - 14th Jun 21
Coinbase vs Binance for Bitcoin, Ethereum Crypto Trading & Investing During Bear Market 2021 - 11th Jun 21
Gold Price $4000 – Insurance, A Hedge, An Investment - 11th Jun 21
What Drives Gold Prices? (Don't Say "the Fed!") - 11th Jun 21
Why You Need to Buy and Hold Gold Now - 11th Jun 21
Big Pharma Is Back! Biotech Skyrockets On Biogen’s New Alzheimer Drug Approval - 11th Jun 21
Top 5 AI Tech Stocks Trend Analysis, Buying Levels, Ratings and Valuations - 10th Jun 21
Gold’s Inflation Utility - 10th Jun 21
The Fuel Of The Future That’s 9 Times More Efficient Than Lithium - 10th Jun 21
Challenges facing the law industry in 2021 - 10th Jun 21
SELL USDT Tether Before Ponzi Scheme Implodes Triggering 90% Bitcoin CRASH in Cryptos Lehman Bros - 9th Jun 21
Stock Market Sentiment Speaks: Prepare For Volatility - 9th Jun 21
Gold Mining Stocks: Which Door Will Investors Choose? - 9th Jun 21
Fed ‘Taper’ Talk Is Back: Will a Tantrum Follow? - 9th Jun 21
Scientists Discover New Renewable Fuel 3 Times More Powerful Than Gasoline - 9th Jun 21
How do I Choose an Online Trading Broker? - 9th Jun 21
Fed’s Tools are Broken - 8th Jun 21
Stock Market Approaching an Intermediate peak! - 8th Jun 21
Could This Household Chemical Become The Superfuel Of The Future? - 8th Jun 21
The Return of Inflation. Can Gold Withstand the Dark Side? - 7th Jun 21
Why "Trouble is Brewing" for the U.S. Housing Market - 7th Jun 21
Stock Market Volatility Crash Course (VIX vs VVIX) – Learn How to Profit From Volatility - 7th Jun 21
Computer Vision Is Like Investing in the Internet in the ‘90s - 7th Jun 21
MAPLINS - Sheffield Down Memory Lane, Before the Shop Closed its Doors for the Last Time - 7th Jun 21
Wire Brush vs Block Paving Driveway Weeds - How Much Work, Nest Way to Kill Weeds? - 7th Jun 21
When Markets Get Scared and Reverse - 7th Jun 21
Is A New Superfuel About To Take Over Energy Markets? - 7th Jun 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Stock Market WTF Wednesday? Bangkok Burns, Blankfein Moves Up

Stock-Markets / Stock Markets 2010 May 19, 2010 - 12:21 PM GMT

By: PhilStockWorld

Stock-Markets Best Financial Markets Analysis ArticleOn May 6th I warned that revolution was in the air.  Today Thailand’s Stock Exchange has been put to flames by protestors along with the malls they can no longer afford to shop in and the television stations that lie to them and tell them how great everything is while their lifestyles go down the toilet.  Like any good colony of cockroaches, Thai traders had already scurried off to do their trading elsewhere - in a secret location away from the lights and they took their market UP 0.7%, betting that this out-of-hand violence will now be met with an equally violent government response that will end all this silliness and let them get back to skimming their profits off the people on a daily basis.

Thank goodness we live in America, where the Lords of Wall Street are free to rape and pillage to their heart’s content while our hardly burning MSM cheers them on and keeps the sheeple in-line.  Just this weekend I noted to Members that:

“On the opposite end of the housing spectrum:  They say living well is the best revenge and it looks like Lloyd Blankfein’s name must be Vengeance as he pays CASH for his new $26M NYC duplex on Central Park West BEFORE selling his old 5 BR Park Avenue apartment (he’s asking $13.5 for the old place).  You would think SOME ONE might have said "Gee, Lloyd, do you really think this is the smartest time to be throwing it in people’s faces?"  Maybe his new place has a "spider hole" in case the SEC comes knocking…

Bloomberg had a good article on "$60 Billion in Corporate Tax Dodges" so outrageous event the Tea Partiers think it’s wrong.  The article focuses on one of many corporate tax tricks called transfer pricing where companies (and Forest Lab is a highlighted example) set up subs that sell their own product to themselves to shift profits to more tax-friendly jurisdictions.  It’s a neat trick than any company can do if they are big enough to open fake offices in foreign countries and have lawyers draw up BS contracts and use completely immoral accountants to paper it all over.  U.S. companies amassed at least $1 trillion in foreign profits not taxed in the U.S. as of the end of last year, according to data compiled by Bloomberg. That cumulative total, based on filings by 135 companies, increased 70 percent over three years, from $590 billion in 2006.” 

Our government, now a mere tool of these corporations, does not hold the corporations up to the same standards as the people and they don’t suffer like the people suffer and, eventually, that leads to a breaking point at which the people will rise up and REVOLT.  Why does this baffle people?  The entire history of our planet is based on revolution. So much so that we even call major positive changes revolutions and the most popular party in America at the moment is, not surprisingly, one that is based on revolutionary ideals.  How do you really think this is all going to end?

Speaking of Goldman - I HAVE to mention this:   While Goldman Sachs racked up trading profits for itself every day last quarter. Clients who followed the firm’s investment advice fared far worse.  Seven of the investment bank’s nine “recommended top trades for 2010” have been money losers for investors who adopted the New York-based firm’s advice, according to data compiled by Bloomberg from a Goldman Sachs research note sent yesterday.  

When Michael Moore stands in front of the AIG Building and says "I’m here to make a citizen’s arrest" and gets thrown out of the building and later talks to a woman from the Congressional Oversight Office who says she has NO IDEA what happened to all of OUR money - it’s "funny" because this is how Americans traditionally deal with being ripped off - we complain, we get a beer, we complain some more and then we shrug our shoulders and go to work and put another few thousand into our IRA’s and 401Ks where these same jackasses take another 1% of our money per year in fees for 45 years while the government forces another 13% of bottom 90% salaries to go into a retirement fund that we already know can’t possibly pay them back - MADNESS! 

Steve Colbert (video right) does a great job of pointing out the way the MSM is now being paid to drive investors into a frenzy of fear while advertising gold and financial services that will help "steer you through the crisis" that the TV station is telling you is going to come as your incompetent government screws everything else up.  Like any great lie, there is a grain of truth to it - our incompetent government has screwed everything up but the stuff about gold saving you is total BS (the sheep are a good idea, though).  Gold is yet another scam being run by "THEM" to get you to take your hard-earned cash and trade it for something Wall Street can sell you without doing any actual work.  Sound familiar?  Just 3 years ago they were doing glamor shots of realtors and featuring all the great homes you should be buying.  Come on people - recognize the patterns!

My expiration day target for the week was 10,650 so we have a lot of work to do today but Europe held the 2.5% levels I set in the morning Alert and the Euro (which we went long on near the close) is recovering and gold is staying down.  We have Fed minutes at 2pm and that’s always a fun reason to goose the markets.  CPI was in-line today at -0.1% thanks to falling oil prices and now copper is down too along with agriculture so it’s DEflation the gold bugs need to fear, not INflation - YET! 

Keep in mind that the Euro may be dropping but the Credit Default Swaps are fairly stable so this is NOT a global financial crisis yet.  Not surprisingly, the $1,000,000,000,000 fix in Europe has been enough to last 7 days so far and Greece paid their May 18th notes yesterday and don’t have another issue until July so perhaps this "much ado about nothing" panic in the markets over Germany’s short-selling ban on 10 banks is nothing more than a manipulated blow-off bottom that was designed to scare you out of stocks in into gold and other commodities before it becomes obvious to the average investor that this is a new market, where commodities and financials do not have to lead us higher and they can go back to their historical 8 p/e ratios and the rest of the World can get back to doing some real business…

Not much to do but sit back and see if our levels hold.  It’s a long way up before we’re going to be bullish again but, as I said yesterday, that does not stop us from doing a little bargain hunting from our mainly cash positions with our Discount Stock Buying Strategy.  Who know’s?  Maybe we won’t be living in a World without banks and walking around with pocket scales and strips of gold in order to go to Whole Foods (still over $40) to buy some homemade pasta and extra-virgin olive oil…

By Phil

Philip R. Davis is a founder of Phil's Stock World (, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders. Mr. Davis is a serial entrepreneur, having founded software company Accu-Title, a real estate title insurance software solution, and is also the President of the Delphi Consulting Corp., an M&A consulting firm that helps large and small companies obtain funding and close deals. He was also the founder of Accu-Search, a property data corporation that was sold to DataTrace in 2004 and Personality Plus, a precursor to Phil was a former editor of a UMass/Amherst humor magazine and it shows in his writing -- which is filled with colorful commentary along with very specific ideas on stock option purchases (Phil rarely holds actual stocks). Visit: Phil's Stock World (

© 2010 Copyright  PhilStockWorld - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in