by irdadmin | Jul 7, 2017 | Financial Markets, Market Manipulation, U.S. Economy
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it.” Joseph Goebbels I dislike giving the employment report any acknowledgment because the report is constructed for the purposes of political expedience. But I...
by irdadmin | Jul 6, 2017 | Financial Markets, Market Manipulation, U.S. Economy
In my opinion, the ride down will be worth the pain and blood-loss of sticking with a short bet on TSLA, which is why I continue to buy small quantities of put options that have been expiring worthless. I know at some point I’m going to catch a $100+ reversal in...
by irdadmin | Jul 5, 2017 | Financial Markets, Market Manipulation, U.S. Economy
June auto sales on a “SAAR” basis (seasonally adjusted annualized rate) fell 1.2% from May to 16.5 million “SAAR.” The non-SAAR number available from sources like Autonews.com show a 3% year over year drop from June 2016. The year over year...
by irdadmin | Jul 3, 2017 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
Something ugly could be hitting the financial/economic system soon. To blatantly hit gold like this when no one is around is a sign of desperation. The FANGS had an brutal reversal today despite the squeeze higher in the broad indices. TSLA soared early on Elon...
by irdadmin | Jul 1, 2017 | Financial Markets, Market Manipulation, U.S. Economy
Jason Burack (Wall St for Main St) interviews notable Tesla bear, Mark Spiegel. As readers know, I’m in agreement with Spiegel in thinking Tesla stock is worth zero. In fact, I’ve stated publicly that I’m trying to decide if the world’s...
by irdadmin | Jun 30, 2017 | Financial Markets, Market Manipulation, U.S. Economy
After it was announced that the Fed gave the big banks a pass on their “stress” test, the TBTFs announced huge dividend and share buyback plans: If the banks had properly marked to market their Level 3 assets and some of their riskiest non-Level 3 assets,...
