APPLE posts profits but market tanks on housing data. Money Update October 20th 2009

Marc's Notes:

APPL posts profits but market tanks on housing data. Money Update  October 20th 2009

APPL posted larger then expected profits yesterday but housing data put a wet towel on the party and the Dow started down on Tuesday. Gold dropped to around 1,050.00 and oil also backed off a tad. This is ok as gold is holding nicely over 1,030 and oil is well over 70.00. The Dow is now over 10,000 and market cheerleaders are raving about a new bull market. Tacticians know a 50 % retracement is nearing and a VERY important technical level. Put simply, market rallies after crashes like the one we had last winter and spring can go as high as regaining 50 % of the previous high. This area of resistance is a classic bear trap which means after our crash of last year, and like in 1930 after the 1929 crash, the markets regain 50 % or thereabouts only to fall back to NEW lows later. After a 50 % retracement in 1930, the market proceeded to fall 90 % ( YIKES !), yes, 90 % down in the next years and the real wipe out took place and devasted investors. Our 50 % retracement on the DOW will be about 10,400. Markets never do EXACTLY what we expect so I doubt it will hit there on the button, but beware and consider taking some profits if you have them now. That way, IF the markets start down again from around this level, you will at least be part of the way out with some money intact.

The Obama administration is cueing up some more bailouts with a new mortgage bailout for even less qualified buyers, using the Treasury Department to underwrite home loans for lower income buyers and renters. More retail bail out news is on the table as well with GIFT cards to low income people being discussed to get them into the stores buying tvs and the like.
OHHHHHH   SH-----T!    You are kidding me right? No, I am not. Incredible. Remember what I kept telling you over the last 4 years on the show. “you ain’t seen nuthin’ yet”. Well, your seeing something now eh? And you will see more. What I really am afraid of is a US dollar crash, or interest rate spike- one of the same actually. And inflation. So far, nature has spared us her wrath, but I dread to think when she awakens.  We will see. No change in any positions for now.




Your news media is a shill of the banking system and government so you cannot believe them. Your government lies about the real state of the economy so you can’t believe them.
Your advisors and firms make money when you buy and sell and stay IN the market so you can’t believe them. You therefore have to do it yourself or they will take your money, pure and simple.

Read fiancialsense.com, fiendbear.com, moneyandmarkets.com, the Rude Awakening, the Daily Reckoning and our news letter, the Money Matters Update. All are FREE.
Listen to the past Money Matters shows.
In this way you can better understand the fundamentals of money and the markets. Believe me, it is NOT THAT HARD.


Upcoming Show:
2 Hours Money Matters this Thursday at noon  PST. October 22, 2009.
I will read my personal holdings OVER THE AIR. Find out what I hold. No cds or transcripts will be available so you must listen live.
This is a membership drive show so I look forward to each and everyone of you helping to support your community radio station, KVMR. If the station has helped you, entertained you, please step forward, and if  the show Money Matters has helped you or educated you, then step forward and  help us help you.
We need your support. And don’t forget, I will be reading my personal holdings on the air for all to hear.
For your support, you can get past shows, get a subscription to the website MONEYMANAGEMENTRADIO.COM and also set up a 3 hour personal consultation with me. 50 ounces of silver and one ounce gold will also be available. That’s this Thursday at noon to 2:00 pm PST. Can't get reception where you live? Go to the site and press on KVMR’s link.


Join me for morning Yoga:
Join me for a meet and greet the day before the show, this Wednesday, October 21st,2009 8.15 am. You can take a free YOGA class with me at Shuniaa Studio, across from the Nevada City Courthouse, 212 Church Street in Nevada City; I will be there around 8:00 am with my coffee in their garden to talk, then into class at 8:30 am to 10:00 am. Dress ready to stretch, and remember, if this if your first class there, it is FREE!

All for now,

Marc