ECON NIKKEI ROCKS AND ROLLS!

[Doomer Doug]

HERE WE GO AGAIN!!! THE PUMP MONKEYS ARE IN ACTION.
No surprise on the open. The futures were up due to massive intervention by the BOJ etc. All this proves is if you spray enough lighter fluid on the barbeque you will get a 12 foot high flame.
All these types are expecting further government intervention, ie TARP, the FED, the BOJ pouring money to keep the economy afloat. Well gang, WHERE IS THE MONEY COMING FROM? THE ANSWER IS DEBT!!!! MORE AND MORE AND MORE DEBT. This is not sustainable in the near term or long term.

At any rate, Doomer Doug thinks today may be pump monkey frat party day. The pump monkeys will act like John Belushi did. Well, we know what happened to him down the road don't we?

Yep, pump monkey festival for at least the morning session. After that, reality may or may not set in. Never underestimate a Pump Monkey in full rigged market mode!

 

[Hfcomms]

Like a drunk careening off the guardrails. Bouncing from side to side. The day is coming when the economic car is going to go right thru the rails and will crash into the abyss.

 

[Doomer Doug]

Lighter fluid isn't what it used to be! Looks like the stock starter spurt has faded. The Nikkei was up 75 to 100 points more than it is right now. The line is now headed down to the opening spike at 1.58 percent up. We shall see what the pump monkeys do. They are like drug addicts who need more and more, in this case fiat money, to get the same high they had last week. Yep, getting addicted to debt and fiat money will do that to you!

Doomer Doug is keeping all four eyes on the afternoon session. The pump monkeys may very well control the morning session with virtually unlimited fiat money they keep in their paws. Sooner or later, economic reality is going to bite the pump monkeys on various body parts. Doomer Doug can't wait for that.

 

[My Adonai]

Keeping my eyes on this one. All the global markets are so interconnected that there has to be shockwaves felt over here to some extent.

 

[Doomer Doug]

The markets are rigged. The market will go up today due to the shills saying that the US economy being weak means the TARP funds will be poured into the US stock market. It is all about the FED buying up stocks and bonds in the USA.

 

[Doomer Doug]

It is interesting to note one thing. Doomer Doug can see in the graph the precise point where Japan's version of the Plunge Protection Team is spending the money. You can also see the precise point that stops. This is clear since the second the intervention stops the markets heads down. The pump monkeys then intervene again and it heads back up.
The questions is: how much pump have the pump monkeys got?

 

[blueridge]

"...The markets are rigged..."


'Ya think??? Evidence of that is so abundant these days.

'Course the PM markets are one of the best examples of market rigging.

Suspect that Gresham's Law will prevail over the long run, tho' - (doh!)
Fiat paper with little intrinsic value cannot rule over those barbarous relic PMs for very long.


jmho -