Topic: Bernanke, Buffet, No Volume

[rickl]

POSTED BY ANN BARNHARDT - AUGUST 26, AD 2011 12:54 PM MST

1. The Bernanke said nothing this morning, which implies that QE3 is coming. Of course it is. As I have said before, where in the hell else are they going to get the money to bail out Bank of America, Citigroup, JP Morgan Chase, Wells Fargo and the rest when they finally collapse in the not-too-distant future? Do you think they are actually going to do the right, logical, sensible, moral and mathematically feasible thing and let these banks fail like they should? Of course not. Because that would require that these people suddenly develop both intelligence AND integrity. It ain't happening. Don't serve me dripping sewer scum and tell me it's arugula in a balsamic vinaigrette.

2. Warren Buffett was "inspired" to pump $5 billion into Bank of America whilst literally taking a bath earlier this week, or so he says. And after taking a call from Barry. And deciding to host a fundraiser for Barry. From the bathtub to the deal being done was 24 hours, apparently enough time for Buffett to perform due diligence on a mega-bank that is sextuple-bankrupt. Riiiight. So Buffett gets a 6% dividend on $5 billion at the behest of Obama-Jarrett, and in exchange will host fundraisers for Barry. The REALLY funny thing is that everyone around the government and Bank of America have been insisting that they are in great financial shape - so why is this $5 billion pump / quid-pro-quo even necessary? Word to the wise: if you have money in Bank of America, GET IT OUT OF THERE. NOW. Buffett has almost certainly been given a guarantee on his "investment". It is all Kabuki Theater. Don't fall for it. Buffett isn't risking ANYTHING - he has a de facto in-the-money put underneath him on this. He is being repaid for loyalty to Obama and for publicly parroting the regime's propaganda on higher taxes for the rich.

3. Volume on the stock market side of things is drying up. All that is left are the high frequency computerized trading schemes, which are giving the illusion of volume. All of the real people are gone. This is very, very bad and is also why it is so incredibly choppy. Read THIS POST to understand. When I read it, my blood ran cold. Another post to read is over at ZeroHedge.com .

http://www.zerohedge.com/news/hft-quote-stuffing-market-manipulation-caught-act

Guys, the so-called "regulators" - both government and private self-regulatory bodies - who should be jumping all over this stuff and sending people to jail for DECADES for these crimes, are totally AWOL. Why? Because they are either completely corrupt and in on the whole scheme, or they are stupid. Those are the two categories of people who populate the regulatory bureaucracies. Corrupt and incompetent (cough, affirmative action, cough, cough). One. Two. That's it. Market integrity basically does not exist - hell, that's the entire situation in a nutshell. Our entire financial system is completely and totally devoid of integrity because the people inside of it are completely devoid of integrity. This is like a game of Jenga. The tower is very, very high; many pieces have already been removed, and the next piece that gets pulled out is going to collapse the whole thing. GET OUT OF THE WAY. NOW. DO YOU UNDERSTAND? NOW.

[AmericanPatriot]

Ann is so subtle

[charlesoakwood]

"if you have money in Bank of America, GET IT OUT OF THERE. NOW." 

IAL talked about doing business w/BoA a little while ago. 



"Volume on the stock market side of things is drying up. All that is left are the high frequency computerized trading schemes, which are giving the illusion of volume. All of the real people are gone."

It's like a zero sum or "closed" poker game, the only players are those at the table, there is no new money or growth.  The five at the table are playing against each other for the table and the observers don't want to get in.

[charlesoakwood]

History repeats:

Hard Times - Run DMC

[Libertas]

Damn right outsiders don't want to go in...the vultures are waiting to fleece them!  The stench of death is palpable. 

Politics and paranoia (real and imagined) is running amok, the policymakers are boxed in, the federal budget battles will be bloody brutish and nasty and regulators are doing more CYA than investigating real criminal activity.

See what happens when you so bastardize the capitalist system and try to rig it?!

[ToddF]

Was at a little gathering of church folks, a couple weeks ago.  One of the guys there was kind of bumming, when work was brought up, in the sense he wasn't feeling very good about his future at his work.

His work you ask?  Bank of America.

Just speculatin'