As the calendar and charts move steadily toward Labor Day; cycles, time, and patterns come into sharper focus. Convergence of politics, economic news, and technicals are providing a better definition for 2009. Media, economists, New York Banksters and global market maker-traders are whistling through a graveyard of destruction hoping for the best while fearing the worst. These boys and girls are standing in an economic trading pool of gasoline with lit matches.
Watch the Ides of September, (14TH-15TH) 2009 and the following four weeks for potential flat-out mayhem. As we write this tome in the morning of Tuesday, July 21, another major turn-date arises this evening. Some expect it might all tip-over tonight with a major gold rally, sinking shares and dollars. Instead, we expect choppy, intermediate trading summer-selling with the Super Bowl of Crashes this fall. Our colleague Arch Crawford told us on radio today that tonight’s solar eclipse is a one in 120 years’ event. Also, he said it is reflective of, or dominated by gold and China.
Chopper Ben Bernanke was in good form this morning doing his usual congressional reporting dance-saying lots and really saying nothing as our patronizing representatives fawned over his alleged remarkable work and experience. Why does this feel like something very ominous? Is this more deck-dancing on the Titanic?
Let’s call it like it is with a review of reality, while forecasting-anticipating the authorities’ response and a probable outcome. It is not going to be pretty nor will it be very nice at all. Read more about the stock market…
