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A Sense of Impending Doom
Townhall.com ^ | October 2, 2011 | Jeff Carter

Posted on 10/02/2011 6:46:47 AM PDT by Kaslin

Mr. Market isn’t very happy right now. When I walk the streets of Chicago and talk to people that I meet they are hopeless. There is no way out. A growing sense of impending doom is on the minds of everyone.

One person told me yesterday we need a good Democratic candidate.There will be no such thing. There is no one in the Democratic party that thinks much differently than Obama. Creeping socialism isn’t a policy for growth.

On the other side, no one is really jazzed about the Republicans either. You can punch holes in each one of them-but they are all better than the current occupant of the White House.

The headwinds are huge, and the fiscal policy response by Obama was the exact wrong medicine to try and get us through the storm. Technicians that I know are extremely bearish.

Look out below next week. Most big market ($SPY, $ES_F) declines happen in October.

SPDR S&P 500 Price Stock Chart

SPDR S&P 500 Price Stock Chart by YCharts

($QQQ, $NQ_F) The Nasdaq hasn’t fared much better. It might lead the way down.

QQQ Price Stock Chart

QQQ Price Stock Chart by YCharts

The fat lady is singing.

Indiana is offering $CME 150M/yr tax break to move headquarters. Florida, Texas, and Tennessee are also suitors. CME has never said anything about Indiana before(to my knowledge). Illinois legislators better make the state tax free for CME or lose them.

Handicapping the Supremes on an Obamacare ruling.

The SEC on market structure. Refusing to acknowledge fragmentation as cause. Blaming it on fat fingers!

70 kids. Maybe this is why our government is so screwed up. All came from the same donor!

Real map of the US.

Stock buybacks are Keynesian

Huckabee? He hasn’t a chance. This is not a social conservative year.

Raghu Rajan says banks will lend again. I thought they already were according to Congressional testimony. But it must be only to the US Treasury.

Why North Dakota is booming. Also has low taxes.

Watch the Gold-Platinum spread. ($GLD, $GC_F)

With the outbreak of listeria in cantaloupes, and the recall of romaine lettuce. How safe is the US food chain?


TOPICS: Business/Economy; Culture/Society; Editorial
KEYWORDS:

1 posted on 10/02/2011 6:46:49 AM PDT by Kaslin
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To: Kaslin

We’ve had a Huckabee presidency already, the first term of Jimmy Carter.


2 posted on 10/02/2011 7:01:37 AM PDT by steveyp
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To: Kaslin
Most big market declines happen in October

I've noticed that. Why does that happen?

3 posted on 10/02/2011 7:21:59 AM PDT by Constitutionalist Conservative (Palin or Perry, whoever is ahead in the delegate count on primary day)
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To: Kaslin

Republican candidates are being savaged and torn limb from limb by many of the same people who swooned over the chance to vote on a four year blind date with a man who doesn’t have a birth certificate and said he wanted to fundamentally change the country.


4 posted on 10/02/2011 7:23:31 AM PDT by Iron Munro (Obama/Rangel/Pelosi Code of Ethics: Don’t do as I do. Do as I say.)
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To: Constitutionalist Conservative
Most big market declines happen in October

I've noticed that. Why does that happen?

People need the money for Christmas shopping?

;)
5 posted on 10/02/2011 7:27:52 AM PDT by adorno (<)
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To: Kaslin

Look folks we’ve lived off the fat of winning WWII for too long. We were the only developed industrial power to come out of it intact. Collectivey we made a fortune. Now it’s been spent.

Time to compete.


6 posted on 10/02/2011 7:30:41 AM PDT by kjo
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To: kjo

kjo wrote:
Look folks we’ve lived off the fat of winning WWII for too long. We were the only developed industrial power to come out of it intact. Collectivey we made a fortune. Now it’s been spent.

Time to compete.

..... True words. The cornucopia has been emptied by the leftists.


7 posted on 10/02/2011 7:40:14 AM PDT by Senator John Blutarski
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To: Constitutionalist Conservative

There’s a theory put forward by Robt Prechter at Eliott Wave Theory that postulates that markets are irrational and driven by herd instincts. Optimism and pessimism are not based on events or even analysis but feelings. And feelings change and go up and down and move through the population in waves. Something, anything really, can set it off. Based on that theory I always figured that summertime is a time of optimism and hope. But once the Autumn comes along the weather turns cold and the days get shorter and for some people the gloom sets in. And then everybody gets caught up with it and the stampede for the door starts. Anyway, that’s the best I can do this Sunday morning to answer your question :))


8 posted on 10/02/2011 7:51:40 AM PDT by mick (Central Banker Capitalism is NOT Free Enterprise)
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To: mick

Well, THAT’S depressing. I think I’ll go sell something.


9 posted on 10/02/2011 8:04:18 AM PDT by Constitutionalist Conservative (Palin or Perry, whoever is ahead in the delegate count on primary day)
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To: Kaslin

$10,000 question

Why those so called genius market analyst do not see a pattern, as they are pattern followers?

The more zero, the more Democrates, the less market...


10 posted on 10/02/2011 8:06:02 AM PDT by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: Kaslin

$10,000 question

Why those so called genius market analyst do not see a pattern, as they are pattern followers?

The more zero, the more Democrates, the less market...


11 posted on 10/02/2011 8:07:42 AM PDT by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: Kaslin

I’m jazzed by the declared conservative GOP candidates.

If Sarah Palin joins the fray I’ll be jazzed by her, too.

I’m also jazzed by the mere thought of Obama losing the election next year.


12 posted on 10/02/2011 8:08:41 AM PDT by july4thfreedomfoundation (Obama inherited a mild recession from George W. Bush and turned it into a major depression.)
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To: Kaslin

$10,000 question

Why those so called genius market analyst do not see a pattern, as they are pattern followers?

The more zero, the more Democrates, the less market...


13 posted on 10/02/2011 8:10:37 AM PDT by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: Kaslin
Well, It could be because...

Adding public debt is persistently
creating a less than 1:1 return in GDP
Not a good thing...
YOY Annualized change in GDP vs YOY change in Public Debt


14 posted on 10/02/2011 8:42:57 AM PDT by HangnJudge
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To: adorno
People need the money for Christmas shopping?

Then they over spend their budget and can't pay off their credit cards. Never ending cycle.

15 posted on 10/02/2011 8:56:40 AM PDT by bgill (There, happy now?)
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To: kjo

>>>Look folks we’ve lived off the fat of winning WWII for too long. We were the only developed industrial power to come out of it intact. Collectivey we made a fortune. Now it’s been spent.<<<

Interestingly, I just had to tell my 13-year-old son that his generation is just pissing away his patrimony. Had to explain the meaning of “patrimony,” but I did get a distinct enlargement of the pupils once he realized that everything he thinks as normal is the result of all the hard work of previous generations, and without hard work, all of this could vanish very quickly.

You’re spot on, buddy.


16 posted on 10/02/2011 10:40:57 AM PDT by redpoll
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To: Constitutionalist Conservative

Harvest time. Money leaves the Street to pay for agricultural commodities.

See Lombard Street by Walter Bagehot

Also see The Work of Wall Street by Sereno S. Pratt


17 posted on 10/02/2011 12:16:59 PM PDT by bigoil (Study Thy Nixon)
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To: kjo
"Look folks we’ve lived off the fat of winning WWII for too long. We were the only developed industrial power to come out of it intact. Collectivey we made a fortune. Now it’s been spent....Time to compete."

[Let's make believe you posted this in 1969] I agree. I sure hope all us 20-something Baby Boomers don't forget that we're livin' this good only for now because most of the rest of the world's industrial capacity was destroyed in the war and it's pretty much been rebuilt better than ever. I sure hope we don't just start borrowing money to keep the party going, 'cause there will be hell to pay 30 or 40 years down the road.

18 posted on 10/02/2011 9:29:04 PM PDT by LZ_Bayonet ( I AM THE TEA PARTY LEADER !)
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To: Senator John Blutarski

“Was it over when the Germans bombed Pearl Harbor? “


19 posted on 10/02/2011 9:38:01 PM PDT by Pelham (The U.S.A., the next Latin American country.)
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To: Pelham
“Was it over when the Germans bombed Pearl Harbor? “

Done in your best John Belushi voice of course ..:oP


20 posted on 10/02/2011 9:42:30 PM PDT by Niteflyr ("The number one goal in life is to parent yourself" Carl Jung)
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