...when I'm opening threads 'round here.

Many Tanks GPr ... I was just toying with the idea of opening the thread ... butt didn't wanna' have to pick up the tab for the twofers

FXI hits the first target.....whodathunkit when it was 4:1 bullz at 200?

I would be real wary of a sharp bounce starting soon....

EDIT: anybody have any idea why I am suddenly out of posting space for images?

Nope....but Lee had to reset me a few months back...

[attachmentid=93847]

Picture test..........

I hope it is resolved quickly.

it gets murkier by the day.

I suppose we now 'dong' lawyers.

Slater & Gordon just listed in OZ.

Local councils 'may sue Wall St bank'

Local councils in NSW and Western Australia are reportedly threatening legal action against a major Wall Street investment bank.

At least two councils in NSW and one in WA are considering taking the Australian subsidiary of Lehman Brothers to court over the sale of high-risk investment products, The Financial Times reported.

The bank's Australian subsidiary, Grange, marketed the Lehman-originated collateralised debt obligations (CDOs) to various councils, charities and a public hospital.

Many of the councils and charities are believed to have suffered big losses after taking up the CDOs, which are designed for investment in a wide range of products including bonds.

The newspaper said that Lehman had admitted that "in very few cases" the CDOs sold by Grange had breached the councils' investment guidelines.

Some of the bank's CDOs have been hit by the sub-prime mortgage crisis in the United States and are now virtually worthless.

http://news.theage.com.au/local-councils-m...71218-1hob.html

I wonder how many hundreds of thousands of Australian households have similar balance sheets to that of Centro.

Highly leveraged to wildly inflated property prices.

It will be a massacre in OZ...

Without an epiphany there'll be blood


STARING down the barrel of at least $2 billion in expensive short-term debt, Centro is facing its version of the St Valentine's Day massacre.

http://business.smh.com.au/without-an-epip...71217-1hmk.html

Another nice move in SRS today!

Goldilocks is dead-RIP

Goldilocks economy comes a cropper

After years of believing in the gorgeous beauty that was the Goldilocks economy, financial markets have had a rude awakening. Goldilocks has a spiteful twin sister: stagflation is not nice at all; the porridge she offers is both cold and expensive. She is the alter ego of Goldilocks. And we are going to hear a lot more of her next year.

http://www.smh.com.au/news/opinion/goldilo...7740178870.html

wow AAV got the smack down today. i have that in the LT portfolia and CNE as a trade for a ST bounce.

should be able to pick some longs here soon. play another ride up.

The orbs is getting smashed again..down nearly 6% in two days.

Centro is being slaughtered.

I am tempted to take a small dong around these levels.

May have to rethink my dong punt.

Looks like a full blown panic is setting in.

Down nearly 4%


Looks like they will clean out all the call buyers.

1400 becons on the SPX.........

[attachmentid=93853]

Bondy...hope you exited Micron....

[attachmentid=93856]

maybe

butt the futures are slightly green now

Spoozer 1458.50 +1.75

Dowser 13285 +16

I hear music

"Here comes Santa Claus, right down Santa Claus lane......"

jam jam, option jam, pump it up, pump it pump it pump it pump it pump it pump it

"I'm reaming of a green Christmas, just like the ones I used to dong........."

are there any double-inverse funds to short Glo ball Warming? seriously

"You can brag to the grandchildren that you lived through the biggest snowfall ever in Ottawa"
In total, 37 cms was reported to have fallen in the weekend storm. That sets a record for the most snow in a single December day since Environment Canada started keeping records in 1938.

Looks like retail and commercial property is joining residential in the crapper.

Macquarrie DDR Trust yielding almost 12% - tempting.

It pays 5% on borrowings and has 75% of debt at fixed rates

Debt equity ratio 50% - a bit too high.

Term of loans 6 years - a bit light

Macquarrie DDR Trust yielding almost 12% for how long?

jickiss is back!



jickiss is back!


the following link is worth clicking on,

for it ought to raise within youR minds the difference between

wealth based upon production, which was the American System until it was deliberately ended around 1968 or so,

versus the system of levered speculations,
which

will crash soon enough.....the question is easy to pose, hard to answer:
Will China go down with the USA?

hmmmmm....

jickiss!!!!!!!

Made in China lots to click on here to see all the images

There was a max. global upload setting of 20 mb in the board config. I disabled it. Should solve the issue, hopefully.

Doc, you having safe travels?

Thx,

Here's da EEM and FXI hourly looks....still tracking a potential crash setup, but bouncy bouncy likely here or slightly lower....

Looks like ORBS may be trying for da bounce as I type....

jickiss is back!



jickis is back!

and then, of course, we have that great firm, CDE.

of course, your jickiss dreams of Silver and Gold all the time,
fine.

show us, jickiss, something that could attract a Black Box to any of the Silvers or Golds.

ok, fine!

take a real good look at CDE vs the broad market....looks to your jickiss like a stock that wants to turn up and to outperform...

wow.....cool....CDE. remember, jickiss Target for CDE is 50.
Fifty dollars the share for CDE, and that is conservative.

Emerging markets ADRE is just beginning to show supply

http://www.StockSharePublishing.com/ChartL..._1197944792.png

AAV smackdown today was probably the result of selling due to the announcement of a three cent dividend cut (15 cents to 12 cents a share). They also announced that they will be spending some money to increase production of oil and gas.

Fortunately we just missed all the really bad weather. By the time we arrived in Montreal this evening, the major highways were clear. There are 3-4 feet of snow on the ground here. The snowpiles on the sides of the street and driveways are around 8 feet high.

We expect to arrive out our home tomorrow AM and find 5-6 feet of snow on the ground, and snow piles 180 feet high.

The natives tell me that they have never seen so much snow so early in the season..

Global warming. Usually it's too cold to snow.

Tonight when we got here the temperature was 9 degrees F, going down to -8. Over the past several days and weeks temperatures have been in the 20s, so it snowed.

CDE has what looks to be a very important multiple time frame pivot set now at 4.6 area. IF it can take out, it has big time running room toward $9, and stocks tend to move very quickly when they enter those "vacuum" areas like we see on the weekly chart here (see prior example in 2003)...


Gotta bust 4.6 first though.....

Berg takes real estate portfolio off the market
By Katherine Conrad
Mercury News
Article Launched: 12/17/2007 03:49:21 PM PST

Silicon Valley real estate mogul Carl Berg today pulled his Mission West portfolio off the market, refusing to budge from his $1.8 billion price tag despite the crisis in the financial markets.
Berg's inflexibility drove away investors seeking to buy the 6.9 million square feet of mostly research and development buildings - a deal in play since March.

"Bottom line, because of the subprime interest fiasco, the guys who have the cash to close the deal believed they should should get a discount," he said. "We disagreed."

The septuagenarian said that several weeks ago, he made an ultimatum to the most recent buyer, who he refused to identify: "Either give me an offer or my price is going up by three-quarters of a billion dollars. If you don't want to, forget it. I'm not serious about selling unless you give me the right price."

Berg stood firm on his $13.55 a share price that the portfolio was trading at in July before negotiations with a prospective buyer fell apart. Today, the stock price had sunk to just below $10 a share. "It will be back up in six months," he predicted.

The developer, who built his first one-story tilt-up in 1969, said he was not "hot to sell" the portfolio that had made him rich, but decided to test the waters as prices for commercial real estate skyrocketed over the past few years.

It's my price or no sale.

Interesting that the seller gives the buyer an ultimatum. Doesn't seem like a smart business decision.

I spoke to my Canadian banking contact this evening about the Montreal Accord. He just shook his head. The deal was supposedly extended another two weeks, but he said that the major banks who were going to issue short term credit against the paper have pulled out of the deal. There's now a wide understanding that the players will not be getting their money back.

As I recall the Coventree collapse involved a $35 billion fund. Looks to me now like virtually all of that will have to get written off, and there are fires burning at other Canadian institutions not involved in this deal. That's why I said a couple weeks ago that I expected the Canadian financial system to be among the first to collapse, and take the economy with it. My contact says that TD Bank is the only bank here not heavily invested in SIVs.

He agreed with me that the Caisse de Depot, the $135 billion Quebec gov. pension fund is just trying to cover their ass. They claim to be holding $13 billion of SIV paper, of which they say only $1 billion is at risk.

There's a steaming pile of dung on the rug up here, and everyone is holding their noses, looking away and pretending it ain't there, but the smell keeps getting worse as more and more dogs are doing their business there.

Berg's company, MSW. Doesn't look so good right now.

hey BUNG ... I was in MU for about 3 hours LOL.

Im pretty flat right now. Got some FEB puts on INFY that I spoke about a 2 weeks ago.

Little CNE.

LITTLE PEIX

that about it.

Mauldin spewed anuder email this evening. The first paragraph:



Da dow:



just amatter of time...

Carl Berg = dumb and (formerly) lucky
Sam Zell = smart and shrewd

how do you define crash ? i mean a crash would be a very rare event but it is spoken of like an event that can happen easily and frequently.

with the HUGE mess in the credit market with no crash yet and the fact that they are tooling everything I see a total crash pretty low percentage possibility. there is a possibility but ,,,,, I just can't make trades thinking about a crash.

I am just speaking out loud to get your take on it .... no offense being spewed !

Doc that is crazy .. becasue the Rockies have been not getting all that much snow so far. It has picked up but the snow has only inched its way in.

Note that Mauldin just republishes other peoples work. That looks like Hussman stuff.

jickiss is back!



jickiss is back!

and

first, tanks, K Wave Rider for the two CDE charts, the Long Term Chart is indicative of "A Chart with great upside potential" and the short term chart is the stuff that makes crybabies cry even more!

then,

bedrock jickiss thinking revolves around the idea that them with Serious Money Off Shore, vs the USA, are really POWERFUL, versus da Sheeple here that are so debt laden that they will soon enough be forced to sell Shares to get Money.

since a global banking system is now run with -0- capital, well, them with the Serious Money "Mark to Market" vs Baskets of currencies....such as that USDX item, which is, like anything else, except Gold and Silver and Real Friends, merely another construct...

nevertheless, the following chart should be viewed as a Chart that is making the First WimPerings of Danger Danger Danger for certain desks, 'round the Globe, but dont worry, for these same desks are Long Gold and Silver and Miners Related at this point....as you should also be....

jickiss!!!!!!!

Classic anti-crash the first hour of trading in Hong Kong.

Obligatory free fall for the first 15 minutes followed by a 600 point power blast off in the next 45 minutes.

V-bottom/inverted finger. Bears there must be bleeding. Mebbe they'll regroup during the lunch break.

Hang Seng now Green at 11AM local.

Well, the Globex mooks are playing reindeer games again -- ES up 7.50. If they keep at it, I'm just gonna have to oblige 'em.

That's because it's colder in the rockies. And the bartiromic pressure has been rising, creating a band of dry air that rises over the mountains to cause heavy precipitation in the northeast when it meets the moituric atmosprehinsile contintental shelf exponentiation over the east coast. Hence global warming is causing an increase in perspiration in normally cool and drive mictroclimate around parilament hill in ottwwaa and in southern qnenect.

Right you are, Doc. I had the screen scrolled down enough that the intro paragraph disappeared. The clip is from the piece by John P. Hussman, Ph.D.


Sorry 'bout that.

Forget about Mauldin, focus on Kunstler:
Link

I'll see y'all tomorrow PM, I hope, once my network is set up at home. I hope to catch the last couple hours tomorrow. As WSE Pro subscribers know, December 19 is the start of a very very important time period, cyclically speaking, perhaps the most important in a generation. Some day, those of you who are young traders may be telling your grandchildren about it inthe same reverential tones in which I discuss January 1973 with my 4 and 6 month old grandchildren. When I tell them the story of what it was like then, that look up at me in wide eyed wonderment, hardly believing what they are hearing!

C ya tamale.

Under 100 on FXI by end of December...not sayin' it will happen, as they are indeed rare, but at this point, from these extended levels, the possibility is there....

IOW, we are in the window right now. If it is to happen, it should happen quickly now that we have violated the Nov lows. If it does not happen quickly, the window will pass....

Here's '29 & '87 weekly vs EEM and FXI today...

Kunstler posted here at one point in time.

Not at all surprising when you consider his point of view. Thanks for letting me know.

Article just came out which seems to confirm this cycle...

Current Melting Of Greenland's Ice Mimicks 1920s-1940s Event

Two researchers here spent months scouring through old expedition logs and reports, and reviewing 70-year-old maps and photos before making a surprising discovery: They found that the effects of the current warming and melting of Greenland's glaciers that has alarmed the world's climate scientists occurred in the decades following an abrupt warming in the 1920s.


Al Bore's Nobel was most likely the "Jumping the Shark" event

Anyone remember Another Ice Age? in 1974? I do....hmm fits with that chart, and so does the prior glacier melt....nahhhhh

Doc, you of ALL people should know that these things occur in cycles

Right on schedule!