Tuesday, July 26, 2011

Morning Update/ Market Thread 7/26 – Dirty Deeds Done Dirt Cheap Edition...

Good Morning,

Equity futures are flat this morning prior to the open. This despite a dollar drilling a hole deeper than the Horizon oil well, the Yen is rising higher into the danger zone, oil is trying to get above $100 a barrel but looks like that well’s been capped (via manipulation), gold is slightly lower but still well above a stunning $1,600 an ounce, silver keeps rising, and food commodities are looking like squishy canned mixed veggies – very expensive ones.

Consumer Confidence and New Home Sales are released at 10 Eastern this morning and will be reported inside of today’s daily thread. Case-Shiller Home Price Data comes out just prior to the open, it too will be reported inside of the Daily thread.

Sickening is the feeling I had as Obama and Boehner both interrupted the evening news by taking their drivel to the people. Neither one mentioned their real agendas which I won’t even discuss as their games are just revolting – hostage taking for political gain is just one part of this corrupt sickness. None of this should be happening; we needn’t have any national debt whatsoever.

The VIX is feeding off this idiocy and is going to produce a “holly cross” today when the 50dma crosses over the 200dma. There have been exactly three of these holly crosses on the VIX in the past 5 years, two were prior and during the large drop in 2007/2008. Of course this is all a part of kabuki theatre, none of it is real:

The dollar is sinking, it is winning the race to the bottom of the skank money producers/manipulators. Very close to an all-time low, from a technical perspective it looks to be headed there:

Yesterday I had a conversation with a friend who was upside down on his house and couldn’t sell it because it wouldn’t appraise for the amount he had sold it for – twice. He rented it out for awhile then sold it via a short sale. The bank refused to play along, so he intentionally got two payments behind (only partial hit to credit that way) to get their attention in an attempt to get the short sale agreement approved. They sent him letters every week threatening to foreclose if he got another payment behind and they called him constantly in an attempt to squeeze a couple more payments out of him.

He had followed my writing about MERS and how unclean the paper trail is, so one day when he was sick of their inaction and games he demanded to see a copy of the original deed… Thud… Just like that the letters stopped, the phone calls stopped, and the short sale was approved a couple weeks later.

Knowledge is the key when dealing with shysters, the big banks are nothing but. The MERS mess and the way that is being dealt with is more sickening than the phony debt limit debate, yet it is garnering far less attention. All fraud all of the time…