Paraphrasing Peak Paper over on IDS, this is the worst day of the year for the market.

http://www.capitalstool.com/forums/index.p...ndpost&p=634889

Tanks to Peak for permission to quote that insight.

http://www.capitalstool.com/forums/index.p...ndpost&p=634889

Meanwhile, I am still working on a podcast to be posted on Radio Free Wall Street in about a half hour.

I will also get a Fed report out hopefully by 5:00 PM ET.

perfect storm on all time frames for bears

i'm not predicting a "bear market"

but i wouldn't want to be long for the next couple of weeks either

Great day for the GOLD BUGS. A broken clock is correct twice a day unless it is a digital clock.

Put/Call ratio trend seems to be saying we have a week or more of downward action ahead...... Anyway...that's what I'm seeing....

[attachmentid=94245]

Crapple 3-pernt ScchhhPankin'

Gaggle 6-pernt ScchhhPankin'

take it away, GW!

they passed the cryin' towel to Art Hogan today for the AM radio after-hours wailing and teeth-gnashing festival

funniest thing he whimpered was at the end, telling everyone else to wait 'til next week before doing anything!

probably will take him that long to get sold out of all his dongs by the margin man

today Frankie Mae gave back all of its year-end fortyfraudprint

Yup...as stated...Da Boyz sellin' the winnas...so they can stiff Uncle Sam for an extra 12 months and gain themselves a window of 15.5 months to riverboat new fresh profits to pay that tax...

CNBSers, amateur hour until the 15th, then buy subprime and banks.

Who is Jeff Macke of Miyanville who has taken Kudlow's spot on CNBS?

Podcast posted at http://radiofreewallstreet.fm

What!? Kudlow back in rehab?

[attachmentid=94248]

Petrol prices to hit $1.50, NRMA says

Average petrol prices could hit the $1.50 mark within a week and an interest rate rise could follow, after world oil prices soared to $US100, says motoring group NRMA Motoring & Services.

http://news.theage.com.au/petrol-prices-to...80103-1jz4.html


Not to mention the credit card bills that start coming in Feb from all the Christmas binge spending.

Australia fiddles whilst the US burns??

I dont think so.

Christmas shoppers ignore economic storm clouds to go on record spree

"Interest rate increases and petrol prices … don't seem to have affected demand at all," he said.

"Australians enjoy spending, and they have done it again this Christmas. Consumers were comfortable and relaxed about their financial security to the extent that they could spend the money that they did."

http://www.theage.com.au/news/national/chr...8949899833.html

and to show how little I know about things.

One of the most popular gifts given but least liked by the recipient is ?????

wait for it.....

Scented candles....

jickiss is back!



jickiss is back!

and

wow! Gold, and large and Established Gold shares, did fine.

Teenie Tiny and Hated PMs did little. Yet.

CDE. Supply has dried up......does any think that it can be power shorted lower with Silver north of $15???

Market makers gains and losses are marked daily aren't they?

Not sure what to make of this chart..... On the surface it looks bullish as we have a positive divergence at the present...but we had the same back in the middle of June 2006. So that positive divergence failed but the next one was a good time to go long. On that basis MAYBE in a month will be a good time to be long the NDX 100... Time will tell. Keep an eye on this though.

[attachmentid=94250]

what they do with them thangs?

jickiss is back!



jickiss is back!


and


Hawaii. of course, your jickiss Loves the Islands.

but, Bank of Hawaii. Been goin up For Years. Why? Why not?
but,

Thimk!

at this mo-mo- moment, Flight Capital is buyin da 'Spensive Houses, but
Hotel Rooms are but 60% filled.

duhhhh. somebody said that jet fuel is gonna go up, and the credit cards are maxed. Hawaii is DEPENDENT on something like 60,000 visitors in and out daily.

does this picture look Right?

duhhhh. almost all other bonks have been smacked.

BOH. Short when the marked trendline is broken.

wonder about the social structure of the Islands when the big Depression hits? Maybe there will be a bull market in Home Protection in the Islands, you know, for the 'Spensive digs?

hmmmmm.

U.S. Americans enjoy borrowing, such as, they borrowed 125% of their bogus inflated house uppraisals. They are comfortable and relaxed about spending it all because they know they'll be allowed to walk away from their loans without ever having to repay, and they especially enjoy knowing that their neighbors will be taxed to pay for it, just like for The Iraq and South Africa.

GOOG not looking healthy here.

where I live,it is the height of the tourist season,but it hasn't stopped raining for the past week or so, with no end in sight.

Shopping centres and cinemas are doing a roaring trade but most everyone else is doing very badly.

This could be the final straw for many folks who rely very heavily on this time of year.

I was poking around the Corus Bank website today. They just loaned $169,200,000 on 12/17/07 to FRC Waikiki, LLC, to finance Allure Waikiki, a 35-story residential condominium tower with 291 units and 342,000 sq. ft. Steve Fifield is the developer and has earned (is earning) a reputation (rap sheet) for “creating superb living and office environments in … Chicago, Ft. Lauderdale, Los Angeles, San Francisco, Las Vegas and Honolulu. Fifield has developed and built more than 50 projects in the US worth more than $4 billion.”

http://www.corusbank.com/Commercial%20Real...-07_Waikiki.pdf

Someone needs to stop this guy, or at least give him a link to the stoolie website so he can get his head out of his ass.

Are these "timeshares"? Or maybe to be purchased by the hordes of Japanese tourists?

I've been looking through a long list of mutual funds that my company offers through the 401k program. Just about every single one took off in 2003 and is sitting at multi-year highs.

It is hard to imagine in the current credit environment that those gains are going to hold.

Despite a long list there is not one commodity or precious metal fund.

Positive divergences almost never "work" in bear markets. Especially in the first leg some indicators will stay buried at low levels for weeks on end. You have to look at the longer term indicators to establish context.

Which is what I do for subscribers to the Wall Street Excemaner Professional Edition. No more need for coal tar! Subscribe to the WSE Pro and cure your short term excema for good! Click the link below to get in RIGHT NOW! Tonight's market update will be posted within the hour. Be ready! Be there! Be square!

When the developer gets the loan he has made his money. Everything else is gravy. I've seen a lot of development projects go broke, but I have rarely seen a broke developer.

jickiss is back!



jickiss is back!


and

well, Hawaii is the Best and the Worst. The LA Based designs that enabled the horrible looking high rises of Honolulu to be developed since the late 60's have done little to create any sense of Hawaiian peace and tranquility.....a growing backlash will emerge over most of the now planned developments in many areas of the Islands.

It has really been sad to see the living proof, in Hawaii, of da General's First Law; to wit, "When the right money finds the Right Wallets, things happen."

Truly, the senseless growth of Credit has destroyed many areas of the globe.
Land Prices in the Islands have gone up as a function of the concentration of global Wealth, the spread of bold narcomoneyinvestments, the ability of the military/defense/spy top people to get big loan money to speculate in the Islands, plus a legit desire of Asian Money to Buy for the long pull. The Asians seem to be the most honest players in the Islands.

The Natives have truly been Ripped off, and virtually no one really cares anymore.

Maybe Ms. Pele will send Revenge, and justice will prevail, but your jickiss does not think that the odds of this happening are really worth discussing.

Deathly quiet in here still. Normally a slow weak, but I think the lack of interest here given what the market did is probably yet another bearish sign.

JANUARY

Its going to be ugly.

Homebuilders, Bond Insurers, Banks, Insurance Companies.

AAV might have put in a bottom here. I am still long and have held for most of 2007; think I will add some more.

I asked myself back on Dec. 27 - "The question is will fear and price grip stocks for a grinch slam dunk."

the grinch probably has plenty of rolls of duck tape.

a whole lotta Ditech money gonna disappear when that POS implodes

how Joe gonna pay it back?

looking at the chart bung if one would have been long since 1 week ago it would make sense to keep cool and play out the chart until it fails and hits a stop loss on what ever stock or index that was bought with this indicator.

i am kicking myself for not buying GMKT. ugh.

i've been long CNE for about 2 weeks starting to maybe run here ... wait and see. stop right under support.

MD .. i have AAV in my 401k i bought at 11 and some more at 10. going to hold for a couple months.

tomorrow could be an EPIC DAY IN AMERICA

RP

RP

RP

found this on prubear:

I have about come to the conclusion that there will soon come a time when you are going to have multiple families living together just so they can make ends meet. My house payment just went up $131. No sub prime here, it's a fixed rate and we just bought it 6 months ago. The reason..TAXES. My sewer and water bill just doubled, my garbage pickup just went up about 30%. What the hell is going on???? How can middle class people afford these price hikes plus the increase in food, gas etc. My husband and I make good money but my God it's getting harder and harder and our wages sure aren't keeping up. anyone else seeing...noticing this?

duuuh .... the Housing Boom has been the biggest bonanza for local gubbermints ever. The Housing Bust, au contraire, will leave municipalities no alternative to raising taxes. Bond default is not an option, until the taxpayers have been squeezed dry. Then the shortfall will throw extra dirt on the graves of J6P.

A lot of these 10,000 seat high school football stadiums are going to sublet living space under the bleachers to raise money.

While J6P has been borrowing a lot, J6P's local collective has been borrowing even more. And it tough to think about lining up the Mayor and City Manager in front of a firing squad when your kids play with their kids.

i dont know, the canadian royalty trusts are languishing, while crude oil is making new forever highs. quite frankly i am becoming increasingly Leary of this sector. what doesn t go up !? generally goes down. i have 3 and am uncomfortable. dharma

And I also have a visison about the exponential increases in goverment glass expenditures...as virtualy square miles of shattered panes begin littering the surrounding grounds attached to Govt buildings...the leavings of the outraged pitchfork wielding citizen mobocrats....

Completing the scenario will be a Mussolini style balcony crowded with disney manufactured animated dummies bellowing anti-violence homilies while paroxysmatically hurling fiat confetti upon the mobs below...

While police will immediately fix bayonets upon sighting anyone guiding a wheeled gibbet through the throng

beardrech Along with the weather a constant reporting of the prices of loose lard and stale bread will keep the citizenry from panicing