Lee’s Free Thinking

Wall Street Examiner exclusives

FAS

Just one simple chart to see how the triple-leveraged financial ETF from Direxion was perfoming during the rally from March lows:

The performance is compared to simple, not leveraged financial ETF (XLF). As you can see the slippage is amazing. I’m curious to know what is your downside target for the correction (if the correction ever […]

The Fed statement

The best interpretation of the Fed statement I saw here:

Dear Banksters,
We want our f*** money back before October. If not, we will monetize it and have FASB board bring back stricter accounting rules. Do you f*** understand? Now get a move on selling your $2 trillion in equities, you don’t have much time.
Regards,
Benny
P.S. Jamie and […]

Our universal fast-food chain

I hope that the global fast-food franchises is the American invention. Just to be proud about something. And I’m inviting to check the health of our biggest and most important franchise – the dollar.

Please keep in mind that United States is the only country in the world, which is not trying to push its currency […]

What They Don’t Tell You

There are 2 points I’d like to make about today’s economic data. The Bureau of Labor BS released the official unemployment rate this morning. It was 7.6%, which is bad enough. The first point I want to make is that what they don’t emphasize is that the real unemployment rate is 15.4%. This rate includes…

Unintended Consequences

This post was by Trader Joe on yesterday’s Stool Pigeons Wire. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves in stocks and bonds, just follow…

The end of shorting ban may mark the MT bottom

This is a syndicated repost courtesy of The Yellow Brick Road. To view original, click here. Reposted with permission. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next…

Much Ballyhooed Housing Bottom – Professional Edition

Hints of improvement in the housing market have been bandied about in the financial infomercial media, but just what does the evidence say? Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I…

Housing Collapse Accelerating

The housing collapse is now accelerating into a crash. Data from the MBAA shows  mortgage applications breaking down last week, hitting a new 5 year low. Listing prices are collapsing all around the country. I did a quick perusal of all the former bubble markets and they are down between 2% and 5% over the…

Rumors of Market Demise Not Greatly Exaggerated – Professional Edition

Housing market indicators show no sign of improvement in the supply demand equation. Even the hopeful signs that things may have stopped getting worse may prove illusory. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find…

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