LIVE FROM WAL-STREET! IT'S
2008--DEAD
ON ARRIVAL!
BREAKING NEWS! Gold at all-time high!!!
Wow. What a weak weak on Wal-Street. i
could do a whole issue of wal-street weak today. uhhh, today ain't the
end of the week? it was the first day of the year??? well, it certainly
felt longer. Stocks kicked out of the wrong side of the bed today as wal-street
traitors heed no golden prophets.
To recap: Dow Jones Post-Industrial Average
down 220.86 points to close the day at closing time at a LOW LOW PRICE
(Always Low Prices. Always!) of 13,043.96. a decline of 1.67% on the
day.
The S*** and PEE 500 finished the day lower
than where it started. down exactly 21.20 to close at 1,447.16 which is
a record high-- IF THIS WAS DECEMBER 1999!
The Nasdaq (The bear market for the next
hundred years) closed down 1.61% or 42.65 points to end too dazed
trading at 2,609.63 as that below average major average continues its
decade-long half-off sale.
(Good stocks still available!)
Losers on the day included Bears Turns,
down nearly 3 bucks to close at $85.30 a share. da bear 3006 bears turns
0.
link:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=bsc&sid=0&o_symb=bsc&freq=1&time=8&x=0&y=0
Citigroup down 1.77% or about fifty cents
on the dollar to close near several years lows. in fact Citigroup hasn't
really gone anywhere (Leave No Nowhere Left Behind!) since 1999.
link:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=c&sid=0&o_symb=c&freq=2&time=13
Advanced MicroDevices (AMD) also takes a
long-trip to nowhere's ville. ... it trades at 7 bucks a share and has
made no progress in this decade.
link:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=amd&sid=0&o_symb=amd&freq=2&time=13&x=0&y=0
Police state stock Taser even finished down
on the day to close at $14.04 on the day. but you can tell by looking at
its chart that it could stunningly shockingly break out of it gets some
good momentum behind it...
Taser (Ticker symbol:
AAAAAAAAAAAAAHHHHHHHHHH!!!! Quit shocking me you obese redneck jackboot
thug!) is one to keep your eye on. cuz if you dont then it can hurt you!
link:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=tasr&sid=0&o_symb=tasr&freq=2&time=13&x=0&y=0
also... KKD, krispy kreme donuts is pretty
much dead in the water. it is $3.09. can't get off the ground. but
anyway here is a link to an assortment pictures of donuts... (hope you
like)
link:
http://images.google.com/images?client=firefox-a&rls=org.mozilla:en-US:official&channel=s&hl=en&q=donuts&um=1&ie=UTF-8&sa=N&tab=wi
homebuilding stocks continue the march
lower. TOll BROS. (Bob Toll Always Sells His Stocks. Always!) down two
and one-half percent.
link to a not very good looking chart:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=tol&sid=0&o_symb=tol&freq=2&time=13&x=0&y=0
AXIS OF ASSETS
There are, in my opinion, only three real
assets to own here. that would be the ones Wall Street Doesn't Want You
to know About! and they are cash in fisical fiat paper, either FRN's,
euros, swiss francs, or yen, physical gold, and physical silver.
As we are entering a kondratieff winter,
you want (the investor) want to own things that act as money. and as
close to money as you can get. which at this present point in time are
cash, gold, and silver. K cycle winters are marked by debt deflation
which basically means that as financial global cooling picks up steam (a
paradox?) then credit freezes, and is withdrawn, and liquidity also
freezes, money dries up and, alack and alas, Leave No Credit Tightening
Left Behind! everyone has too much debt and is hesitant to lend money.
in this case lower interest rates means no one wants to borrow (or can
borrow) money. credit risk goes up, interest in credit and interest
rates go down. ... unless you are zimbabwe then your interest rates you
half to pay go ZOOM! higher.
The Fed then will try to pour gasoline on
the fire (more like pour cold water on an igloo)... in other words it
does no good, at best, or it does a lot of bad, at worst.
the dollar tanked today as gold rose. which
means gold was King on Wall Street, but even so Cash is still King on
Main Street. housing starts are falling, and housing falls are starting
to rise. Christmas was not good for retailers, nor was it good for
consumers. ... cash is king on main street. main street may not know it
yet, but when it does cash will win the Presidential King Race in
2008 in a landslide.
Treasuries rose today, as that half of the
cash trade went up even as the dollar index closed down to just under 76
on the day. it is currently up a measly six cents on the dollar at
76.07.
the yen went up today as fearful traitors
moved into gold, silver, treasuries and japanese money meaning the old
maxim is true that you shouldn't panic on wall street, but if you do be
sure to be the first one to panic! so off to the Axis of Assets they go.
and they will ask questions later.
Japan is farther along the Kondratieff
Winter so its currency has already finished its fear trading perhaps,
and as some froth has gotten marked down Japan with its yen stands to
gain as the senior world fiat currency. ... the Land of the Rising
(Depending on the Decade) Sun has the best balance sheets of course. but
today i bet the country had flashbacks... the eighties was japan's
decade. its bull market soared. stocks and real estate sizzled. then
Poppy puked on the Japanese, Buster Douglas stunned Mike Tyson in Tokyo,
and its Nikkei fell on the first of January 1990 ending a huge bull run
and traded down for the better part of two decades. the Great Japanese
Bear Market is now 18. you can buy it a cigarette. register it for the
draft. that eighteen year old recession...
so the yen could outperform other
currencies. the euro has gained a lot, and its a rival to the dollar.
and you could put that into cash if you wanted. but in the end all three
currencies will probably end up at about the same place they started.
they are all intrinsically worthless managed by intrinsically worthless
central banksters, overseen by intrinsically worthless politicians, and
shuffled by intrinsically worthless traitors after all.
Gold, on the other hand, is true money, the
real king. Gold went up big today, at one point up 22 bucks to a new
all-time nominal high of $862 an ounce...
gold corrected, consolidated, and was in a
position to go either way-- either up or down. and it chose to go up.
and currently the risk is to the upside, i.e. the risk is being out of
gold at this point. a fifth wave spike could develop taking gold sharply
higher.
for several weeks i talked about having a
Christmas Gold Coin Store Run. i even wrote about it in my last Rant and
Report, and on some of the threads. well, i dunno who participated in
the run. But I know gold sure did!
Gold's rise took all the mining stocks
higher. Newmont Mining up $3.52. Goldcorp up $2.71. both stocks up over
7% for the day.
The Amex Goldbugs Index (HUI) finished the
day up over 6.2% to close at 435.12.
link to HUI:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=hui&sid=0&o_symb=hui&freq=1&time=8&x=0&y=0
Oil traded up for the day. it traded above
$100 a barrel but finished the day just off its mark.
Silver went up as well today. SLV finished
the day up 3.83%. silver is my third member of the axis of assets. it
has more upside but also more downside. but it is also money and you can
get some nice silver liberties, eagles and halves for relatively low
prices.
For
2008 the Axis of Assets are the way to go. cash, gold, silver.
having all in physical form as much as possible. and gas in the tank in
always good advice.
WAR ON WARM!
Global warming looks to be cooling off, as
global cooling or as i like to call it the War On Warm takes its toll...
it's cold outside. lots of snow and cold
temps in lots of places. and it fits in perfectly with a Kondratieff
Winter.
in related news, hockey played a game
outdoors that was successful and also very cold. over 70,000 fans showed
up in buffalo to watch. and it was on tv too. is it a harbinger of
things to come?
link:
http://www.msnbc.msn.com/id/22463530/
DA BEAR ON POLITICS
Finally to end this special report i will
put forth a stream of consciousness about politics and the upcoming
primaries season.
well, its cold outside and frigid bitch
hitlary delano rodham clinton is in a three way race with the three
stooges (her self included). da bear always said it would be a 3 way
between the Lady Who Likes Ladies, obama, and john edwards.
Obama is leading some say in iowa. Leave
NObama Left Behind!
John boy is either in second place. or
third place. or first place. he is going after the left behind lefty
vote. he is doing his two americas shtick.
Leave No Left
Behind Lefty Vote Left Behind!
mitt romney is winning some say in iowa.
why is he winning? well with temps plunging and cash plunging and global
financial cooling getting hotter it only makes sense that we put forth a
front runner who looks good in a sweater.
Some say republican mike huckabee is
winning. which only makes sense... for a time as arkansas governor he
lived in a trailer.
So yeah, uh-merica is failing upwards and
raising the bar lower.
dennis kucinich the socialist is throwing
his support (i bet he is throwing his support with his left hand) behind
Iraq Hussein Obama or some person by a similar name if he doesn't win
his primary. EARTH TO PLANET KUCINICH: You will not win a primary!
but i wanna see Denny Kucinich stick
around. i can't wait for the Spinach Kucinich flavor ice cream at Ben
and Jerry's.
rudie julie annie and johnny McGrumpy have
no chance in the early primaries.
and last but not least ron paul is still
running for president, when he is not participating in da bear's gold
coin store runs! :)
he supports smaller government and is a
Neo-Constitutionalist. both good points!
and his dirty little secret is that he
reads the Constitution for the Articles! :)
da bear
wal-streetweak.com-- coming soon to an
internets near you!
