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Wednesday markets comments from Trader Rog

Big Al
June 5, 2013

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Discussion
10 Comments
    Jun 05, 2013 05:03 AM

    Excellent analysis.

      Jun 05, 2013 05:56 AM

      Thanks Jed,

      Big Al

    Jun 05, 2013 05:12 AM

    EARLY IN THE A.M., JPM ANNOUNCED THEY ARE FORGIVING JEFFERSON COUNTY ALABAMA $700-800M UP TO 1.6T! HAVEN’T HEARD ANYTHING IN THE NEWS BUT AM QUITE CERTAIN THE FED AND j. DIMONE ARE BEHIND THIS AS THE FED WILL FILL THEIR COFFERS AFTER ‘THEIR GENEROUS FORGIVING’. APPARENTLY, THIS IS THE FED’S NEW APPROACH FOR YOU AND ME TO ABSORB THE DEBTS OF CITIES AND STATES ACROSS AMERICA….FOOLISH PEOPLE DOING FOOLISH THINGS BEHIND OUR BACKS AS ALWAYS. WITH THIS AND THEIR EFFORT TO DESTROY GOLD/SILVER, WE HAVE A HUGE FALL COMING TO THE WORLD’S ECONOMIES…SOONER THAN MOST THINK.

    ‘simply said’
    wyn

      Jun 05, 2013 05:58 AM

      I agree, Wynn

      Big Al

      Jun 05, 2013 05:37 PM

      I don’t see it Wyn. . . JP Morgan has been in negotiations with the bankruptcy court for months over this Jefferson County bankruptcy. JPM shareholders are the ones that take the hit, as they should, not taxpayers. This is old news, just like the London Whale losses, JPM shareholders absorb the loss. Nevertheless, JPM still manages to be the most profitable big bank out there.

    Jun 05, 2013 05:49 PM

    Thx T.R. again.
    Not sure if there was a choice other than forgivness of the debt.Maybe we will see more debt forgivings.

      Jun 05, 2013 05:28 PM

      Any chance we can get our “minimal” personal debt forgiven!

      Big Al

    Jun 05, 2013 05:56 PM

    I am sensing the same basic thing. Possible bounce tomorrow but through June a slight correction in all markets, then gold/silver triple bottom and start the climb back up and a fall doosey of a correction for the broader markets. It is at this time when people start waking up to how overcooked the Fed Stimulous books have become, the artificial prop of QE will diminish some and the markets will really start to churn. However this is when precious metals, commidities, and energy will rebound as the safety trade for the first time since 2011.

      Jun 05, 2013 05:23 PM

      Quite possible, Shad 2.

      Big Al