I'll kick it off with a 'must watch' video. These are the same type of people who are doing all the talking right now. It can be shown over and over how wrong all these people are, analysts, politicians, central bankers, bloggers, all of them (I've seen videos showing what Greenspan and Bern-Qwacke have said, and they were so wrong over and over it was just crazy, and they are/were in charge of it all! And Old Yeller, she said she basically missed everything that has happened, and now she's going to be in charge!). Their track records are abysmal. Yet they make tens, hundreds of millions, are completely and utterly respected, and they get endless TV time. It is, perhaps, the thing that makes the least sense of everything I have ever seen in my entire life. Yet it is so, and I think will always be so.

http://slopeofhope.com/2013/12/a-sobering-look-behind-and-ahead.html

I'm going to be sick.

Bern-Qwacke: Fed prepared to take action if inflation doesn't speed up.

I'm already dealing with real world, middle class inflation in the 20%-30% range. He wants to destroy my life savings faster than that?

http://www.verifythecpi.com/

I guess another leg is going here, now?

Is it finally stopping? I hope so.

But I doubt it...

Okay, they should be able to easily get the new all-time highs today from here.

And on this third push it weakens. It's trying to make me look stupid in here, I know it is...

The contract high is 1805.75, so that should be easy. The Dec contract high is 12.50, so that may be tough today. SPY needs 65 cents.

Two ticks from 40 points off the low, and a nice 3D. But I doubt that will stop it. The Fed will be buying less stocks and the market explodes. Hmmmm.

I want to short this right here, now, reeeeeeaaaaaaaaaaaaalllllllllllllll bad. But I won't...

This is so sick, but I'm going to post it anyway.



Source: http://dailycapitalist.com/wp-content/uploads/2011/08/Bernanke-as-Santa.png

Originally posted by jimkane

I know everyone is gone, but just one more comment. These guys are just too funny. They gun it up in the short Friday after regular futures close session, and take out the HOD by one tick. Same old, same old. Like I said, it doesn't matter how much they made it look like it could roll over, it was pretty likely, I felt, that they would follow the same pattern they keep following. Another new all-time high, closing essentially at the high. Nothing ever changes with these maniacs, and until the system completely implodes (something I'm starting to think won't happen until long after I'm gone), I can't see it changing.

Jim,

Thank you for your great commentary!

Al Kamego