Another "Sucker's Rally"

[SouthAmerica]

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August 13, 2009

SouthAmerica: The actual job market in the U.S. is already a lot worse than that.

More Evidence Great Depression II Is Here: 30mm Unemployed in U.S. (19% of workforce)
http://www.elitetrader.com/vb/showthread.php?s=&threadid=172870


1) The people who still have a job are getting all kinds of cuts on their benefits, salary, and hours of work.

I hear many people complain that their companies have cut their salary from 10 to 20 percent. On top of that they are asking employees to take days off without pay.

2) Government payroll tax receipts reflect this decline in earnings by the people who still have jobs.

3) The illegal immigrants still going home to where they come from, because the U.S. job market is in shambles. And the amount of money these people sent back home reflects this reality.

4) The U.S. stock market is going up based on artificial figures, US government intervention, and at the end of the day mostly by stock manipulation.

The insiders buying/selling ratio tells the real story:

For each share an insider buys there are 30 shares being sold by the insiders – a ratio of 1:30

That means the smart money is selling and the suckers are buying.

This is a bad market for investors, but a very good for traders.

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[S2007S]

Quote from southamerica:

.

August 13, 2009

SouthAmerica: The actual job market in the U.S. is already a lot worse than that.

More Evidence Great Depression II Is Here: 30mm Unemployed in U.S. (19% of workforce)
http://www.elitetrader.com/vb/showthread.php?s=&threadid=172870


1) The people who still have a job are getting all kinds of cuts on their benefits, salary, and hours of work.

I hear many people complain that their companies have cut their salary from 10 to 20 percent. On top of that they are asking employees to take days off without pay.

2) Government payroll tax receipts reflect this decline in earnings by the people who still have jobs.

3) The illegal immigrants still going home to where they come from, because the U.S. job market is in shambles. And the amount of money these people sent back home reflects this reality.

4) The U.S. stock market is going up based on artificial figures, US government intervention, and at the end of the day mostly by stock manipulation.

The insiders buying/selling ratio tells the real story:

For each share an insider buys there are 30 shares being sold by the insiders – a ratio of 1:30

That means the smart money is selling and the suckers are buying.

This is a bad market for investors, but a very good for traders.

.

Investors who are buying hoping for the return of new market highs will be surprised when they will be able to buy the s$p below 1000 and probably 800 years from now. This is not the return of a new bull economy, this is a manipulated market and economy that is being propped up with worthless dollars and more monopoly money.

 

[Ivanovich]

Southamerica has been posting these tirades for years now. Chicken Little if ever there was one.

 

[Kevmeister]

Quote from southamerica:

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March 17, 2009

SouthAmerica: Another Sucker’s Rally and another opportunity for traders to ride the stock market up and down.

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When did this "sucker's rally" start? Did you mean March 2010?

You were right. Definitely was time to ride the market up.

Kev

 

[krazykarl]

Quote from Ivanovich:

Southamerica has been posting these tirades for years now. Chicken Little if ever there was one.

Don't forget about all the "important people" that read his articles. No, we here at ET are not important people....

 

[SouthAmerica]

Quote from Kevmeister:

When did this "sucker's rally" start? Did you mean March 2010?

You were right. Definitely was time to ride the market up.

Kev

SouthAmerica: No, March 2009

October 2009 is around the corner - Wall Street loves to have a good crash in that month.

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[S2007S]

I hope the bears arent going to be surprised when the markets sink back down 20%+++++


This is not a "V" shaped recovery, anyone believing that is a complete fool, the s$p is headed back below 800, just be patient and watch the drop. Once the printing presses stop and the free handouts are done with the economy will be in for a real surprise.

 

[risktaker]

What's scary is these crooked executives paying themselves $50mil-$500min in salary as reported in the media today. And *nobody* does 1 thing about it, as if it's the norm.

At this rate minimum wage will soon be $100K/year & that would be the main reason the market would go up, because $'s are worthless.

Quote from S2007S:

I hope the bears arent going to be surprised when the markets sink back down 20%+++++


This is not a "V" shaped recovery, anyone believing that is a complete fool, the s$p is headed back below 800, just be patient and watch the drop. Once the printing presses stop and the free handouts are done with the economy will be in for a real surprise.