Gold Daily And Silver Weekly Charts - Where Your Treasure Is, There Your Heart Will Be

 

The economic news was a mixed bag this morning, but given that the volumes were light, the technical trade prevailed.

Forget Greece, forget the Ukraine, and forget the joblessness and misery of many.

Forget short circuited reform, and misplaced policies, failed regulation, and rigged markets.

The Big Tickle today was Nasdaq 5000.  This is the imperative of bubble-nomics.

 

The Fed is not independent.  It tolerates the Congress, but it is owned by the Banks.  And the point of the spear is the NY Fed which is wholly a child of Wall Street.

 

The Dow Industrials and the SP 500 were negative most of the day and went out in the red, but the Nasdaq was clicking away bright green, pushing hard uphill for the Nasdaq 5000 headline, the better to lure you in and eat you with, my dears.

Gold and silver did the usual overnight rally with a smackdown by London and New York.

There are quite a few odd things going on. I don't know if you get the sense of it, but things just don't add up.

The average person who just scans the headines each day might not catch it, but do you follow the actual facts of things closely enough to get the feeling that not all is right, that not everything you are being told is 'square' and on the level?

I certainly do, but maybe that's just me, and I could be wrong.  But things seem to be backwards.

GDP revision tomorrow.

Have a pleasant evening.

 

SP 500 and NDX Futures Daily Charts - Pushing For Nasdaq 5000 Or Bust

The Dow Industrial and the SP 500 were negative for the better part of the day, and decidedly so at times.

But the NDX and the cash Nasdaq were positive. Why was this?

The volumes on the Street are light, and the wiseguys are pushing tech hard to try and get that headline 5000 number on the cash NASDAQ.

And that's the name of that tune.

 

I remember talking to the brokers after the go-go 1960's gave way to the grinding bear market bust of the mid 1970s.   When will the Dow Industrials crack 1,000 again?  The last time it had been around 1962.  When will the 'small investor' return to the market?

 

This might be the kinds of conversations we will be having in the 2020's about Nasdaq 5000.  Unless we just inflate it all away.

Retailers earnings after the bell tonight.

 

The story of Greece Agnoistes is far from over.  There are twists and turns ahead in that epic tale, and the unfolding story of modern Europe.

 

And the clash of civilizations.

 

GDP revision tomorrow.

Have a pleasant evening.

 

 

 

 

 

Wall Street's Big Push For Nas 5000 - What Will the NY Fed Do Next?

The Credibility Trap Is at the Heart of the Failure to Reform

Unfortunately it appears that the political process is bogged down in fighting an ideological trench warfare in which both sides are taking top down positions about what is right and wrong, without the ability to address the actual conditions that plague their nation in the sixth year of The Recovery™.

It reminds one of an old beer marketing campaign, in which one cadre of devotees yells 'Less filling' and the other shouts back, 'Tastes great!'

 

Why is this? What causes such willing blindness to what is actually happening?

The credibility trap explains much of it.

In this corrupt political process, the deeply complicit politicians say and do what they are being paid to think, say, and do by a narrow band of powerful constituents amongst the competing moneyed interests.

 

They seem less like political parties than competing crime families.  And they are deeply entrenched in exactly what has gone wrong.   So deeply, with such strong ties to past mistakes, influence peddling, and corrupt practices, that they can no longer even speak freely and frankly about it.

 

The SEC is 'probing why companies mistreat whistleblowers.'   Hah!  And where do you think that companies might have gotten the idea that cracking down on whistleblowers was the thing to do?

 

They talked about change and hope, but they never let up on deception and fear.

 

Nobody's right, if everybody's wrong..

Reforming the Fed: Who’s Right; Who’s Wrong?

By Pam Martens and Russ Martens

February 26, 2015

...Republicans are locked in some kind of mind warp where the remedy for every problem is to deregulate. Despite six years of books, academic studies, investigative findings, and a 600-page report from the Financial Crisis Inquiry Commission proving that deregulation was responsible for the financial crash of 2008 – the greatest financial implosion since the Great Depression – Republicans refuse to let facts get in the way of pushing for more deregulation.

Democrats on the other hand, despite overwhelming proof that the Dodd-Frank Wall Street Reform and Consumer Protection Act has actually allowed Wall Street to grow systemically more dangerous and more corrupt since its passage, is irrationally wedded to this legislation.

No amount of evidence will change the Democrats’ position on Dodd-Frank. JPMorgan gambling with hundreds of billions of bank depositors’ money in the London Whale fiasco where $6.2 billion got flushed down the toilet will not change their mind. Cartel activity among the big banks in the interest rate market, precious metals market, foreign currency market will not change their mind. Bank chat rooms called “The Bandits Club,” “The Mafia” and “The Cartel,” where brazen market rigging is alleged to have occurred will not change their mind. Endless criminal investigations and multi-billion dollar settlements will not change their mind. Scandal after scandal destroying public trust in Wall Street and its regulators will not change their mind...

Read the entire article here.