Tuesday, November 18, 2014

TUESDAY 11/18/14; China House Prices Disappoint; Japan PM Abe Delays Tax Hike and Calls for Snap Elections; HD; DKS; TJX; MDT; PPI (Producer Price Index); SPX, INDU and AAPL All-Time Record Highs; SPX Above 2050 for First Time in History; COMPQ New 14-1/2 Year High; HD Flash Crash; LZB; Keystone XL Pipeline Bill Defeated

Japan PM Abe will speak today so traders pump the NIKK +1.7% higher anticipating the delay of the sales tax hike. The Nikkei is back above 17K. The dollar/yen moves higher to 116.78 so the weaker yen sends stocks higher. Banzai! Japan exporters trade higher on the weaker yen. 














[Text is Redacted: Purchase November 2014-11 to Read the Complete Chronology]




















The Fed and other central banker easy money allows the elite to use financial engineering to pump stocks higher rather than buy capital equipment or hire additional workers to help put people back to work. The bankers and other elite then pay back the Fed members for their collusion by paying former officials such as former Chairman Bernanke huge $250K speaking fees for a token luncheon. Fed Chair Yellen is salivating knowing that in a couple years she will receive these obscene monetary kickbacks for her service to the wealthy and live a life of luxury.

The country appears broken. The elite are raping the stock market upside each day; other power brokers are taking advantage of any loophole possible that allows for easy profits and monetary gains with little effort regardless of whether it hurts another citizen. In respect to the disadvantaged and poor in the US, the response by the elite is the same as Marie Antoinette’s famous quote when she learned that the peasants had no bread, “Let them eat cake.” Compassion is lost in America and the world.

The country has descended into a narcissistic Caligula-style party each day with many Americans only concerned about short-term materialism and daily self pleasure. There is a total disregard for the future of the country even though the power brokers profess faux concern. If there was ever a time for a serious reset for the US the time is at hand so prepare yourself for any coming storm. Reduce all debt and save and set aside a large cash reserve. Make preparations and separate yourself from the ongoing debauchery; do not look back at the city of Sodom.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.