Larry Levin's Blog - Timber

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Slide 1

Timber We are going to talk about TIMBER. It will be a long talk, just note down the information around the markets that Larry Levin would like to send to you. Now, let’s learn to trade!

Slide 2

The equity market is like the mighty Oak: strong and old. But some times bad things happen to these majestic trees. Like a very old and disease-ridden Oak, however, the equity market is rotten to the core with many maladies and is falling from its once mighty (government sponsored) perch. Timber!

Slide 3

Fraud Street stomped its feet and screamed at the FOMC, as well as anyone who is still long equities, with a strong sell off after “Operation Twist” was announced. What went wrong? Why was Fraud Street so upset?

Slide 4

It’s hard to believe, but the banking mafia had been secretly demanding at least $1-TRILLION more in quantitative easing (QE3) and was a “little” disappointed when Santa Bernanke didn’t drop off the correct present. Apparently that feeling went viral as the global banking mafia sold off in Asia, then Europe, then again right here in the USSA.

Slide 5

But never fear; Ben “Helicopter” Bernanke is surely ready and willing to “do something” when the banksters slam the S&P to a sub 1,000.00 print.

Slide 6

Other than more “stimulus” but just not what the petulant whiners demanded, what are the other problems? Well, you know the score… Jobs? What jobs? Another horrible weekly jobless claims report was released this morning well north of 400k, and last week’s terrible data was revised (again) worse than originally reported.

Slide 7

Hopium is no way to invest – it’s a scam and people are wising up to it. China is slowing down – rapidly according to some. Greece will default – eventually. Hopium is no way to invest – it’s a scam and people are wising up to it.

Slide 8

A European bank run of sorts is happening. Siemens and Lloyds have both withdrawn LARGE amounts of Euros to deposit with the ECB. Faith in the European banking sector is falling faster than Aunt Mae at an open bar.

Slide 9

European banks need more capital, despite assurance just days ago from the European politicians that no new funds were necessary. They continue to lie about everything concerning the banks. Sovereign and bank downgrades continue.

Slide 10

Hopium is no way to invest – it’s a scam and people are wising up to it. The USD is rallying, destroying the gluttonous bankster “risk on” trade. Sorry fellas: epic fail! US bank shares getting hammered. Hopium is no way to invest – it’s a scam and people are wising up to it.

Slide 11

So why was there such a “surprise” reaction late Wednesday and Thursday morning? Well, it’s of no surprise at all if you read the data and pass on the Hopium pipe (and the government issued kool-aid).

Slide 12

If you haven’t figured it out yet, Fraud Street will ignore the dead body at its feet for as long as possible, even when the decomposition begins to fill the room with its horrible stench.

Slide 13

It is not until it becomes so unbearable that one would throw up from the putrid smell of the rotting corpse right under their noses that the clown-posse in the media and those in the penthouses of Fraud Street will admit – “yes, I believe there may be a dead mouse or something behind the couch. We’ll just get rid of that and have fresh air in no time.”

Slide 14

They ignore everything – until it is too late. Hopium, not reality rules the roost of Fraud Street (and HFT robots) but Hopium is no way to invest – it’s a scam and people are wising up to it.

Slide 15

Trade well and follow the trend, not the so-called “experts.” Behold the age of infinite moral hazard! On April 2nd, 2009 CONgress forced FASB to suspend rule 157 in favor of deceitful accounting for the TBTF banksters.

Summary: We are going to talk about TIMBER. It will be a long talk, just note down the information around the markets that Larry Levin would like to send to you. Now, let’s learn to trade!

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