The game pauses–then resumes…

So, the administration figured out how to manipulate the markets for more than to just “save the economy”. They figured out how to manipulate the markets for political gain. Bravo! Healthcare and financial reform have been cornered and “thy bidding will be done”. Now let’s see them go after campaign finance reform and lobbyists. Good luck with that.

The markets paused on the potential opening of Pandora’s Box. But after a few selective leaks about SEC voting and a White House denial of meddling, markets have reversed back to the primary trend of grinding higher on light volume. Amazingly again, the downside volume was huge and then it just dried up, again. Even with the sound and fury, the uptrend remains intact. How de do dat?

Obvously the “trend is your friend” will die hard. When it does, it will be a downside bonanza. But we’re not ready yet. Over the intermediate-term, here’s how you’ll know: When analysts can no longer upgrade earnings estimates or price targets. When that slows to a trickle, then its over. This latest move up has been accompanied by massive analyst upgrades. That fuels the “buy the anticipation” trade.

Never mind about China or Europe or the massive engineering job underway at Treasury and the FED. It won’t matter until it does. The game of the Wall Street complex MUST continue regardless of a few minor details like a fraudulent Shadow Banking System and few bad investment products.

PS. Whenever S&P Equity does something, do exactly the opposite.

Everyone in the world of finance knows what has been going on for the past few years; the culture of moral corruptness at the very core of the casino. SOP has been a criminal enterprise, with conflicts of interest running rampant from the top down–and none more criminal than the government sponsored “bailout”.

Now we are going after the Godfather of the Seven Families for tax evasion? This is just the tip of the iceberg, if you know what I mean…

It won’t be over-leverage or the misuse of capital that brings our financial system to its knees. It will be the prosecution of corruption that had infiltrated the very core of every firm. If the government wants to, they could find shit in every dept. of every firm and certainly not just in sub-prime or CDO’s. From the top to the bottom, it has been and continues to be a land grab at any cost–sponsored by said government.

Do they really want to go there after spending trillions to save the sinners? I doubt it. We all remember what happened to Drexel, don’t we. The gov. can bury anyone–even their right arm if they are spiteful enough. But the ends would be the ultimate cost.

As I’ve said before; this is Chicago-style, Mafia-type tactics designed to force the banksters to stand down against financial reform. This is a classic game of hardball, but the stakes are in the hundreds of billions. Somewhat punitive financial reform will pass very quickly now. Abacus will be remembered not as the destroyer of Wall Street, but as something invented by the Chinese and used to count coin.

another excerpt from yesterday’s market commentary on CreateCoin Premium:

There is a new and major opportunity in the market and I’m going to forego it. I’ve decided that I’m going to miss the next market move by choice and in advance. Markets across the board are about to pause and retrace perhaps a quick 5% and that will possibly be more than five hundred Dow points. But like I said, I’m going to skip it. The reason is that if I’m wrong, the price will be too heavy given the market’s recent proclivities.

You don’t know how many posters continued to say to just follow the trend. I have been trying to warn them that there was a “full court press” underway to get you to believe and it was surely working.

Then, out of left field comes the SEC’s option expiration gambit to expose fraud in banking. Gee. Like the entire economic rescue isn’t fraudulent? Puleeze!

The way to play this is to look for the big breakouts in the stocks you follow and to identify the primary breakout levels. Then target that level in which to begin fresh buying.

There will be a bounce and then perhaps a more meaningful pullback. There will continue to be believers who will buy. But wait for a test of the primary breakout in your stocks. That is the proper entry strategy.

This plan is for swing traders, NOT the super fast day trader types. You guys, knock yourselves out, but expect some whipsaws for a change. Life may become much more difficult for you…

First they stuff Goldman Sachs Group, Inc. [[gs]] and every bank with billions of dollars. They overlook mass incompetence and rescue the largest misallocation of capital in history. They let them “bank coin” for over a year with ZERO risk.

Then they charge their right arm on Wall Street with fraud.

Are Obama’s poll numbers a problem now that he has allowed billions to be made on Wall Street again? Hasn’t Main Street gotten the memo of how important it is to “save” the banks so they can save the world?

By the time this administration is finished they will make GW Bush look like a genius.

Published on CreateCoin Premium…

AN EXCERPT:

I can understand how the “Royal Scam” and the eternal stimulus works. What I can’t quite figure out in relation to the stock market is where the sellers are. I’ve said long ago that those who had to sell were forced to do so in the two market crashes. But now that the markets have come all the way back to where they were before the crash, I would have expected supply to have an effect. After all, there is most certainly supply at current levels but everyone is now scared to sell for fear of missing out on more upside. It all looks very similar but inverse to February 2009.