October 13th

I think the market's scratching its head wondering what to do, those Goldman's Sach's puppet strings you know, as we saw J&J missing expectations and Intel beating them. J&J US sales dropped 8.1%, certainly not the sign that the economy is improving, but since when has that matter lately? No, the dow lingered in the +/- 20 pt range all day and finally settled out a little down. Funny thing is if the J&J's report had been more positive we would've seen a 100 pt rally, but we get a bad one, and the dow muddles a bit waiting for some more positive news. How about that Intel, it's a winner, no body can get enough of virtual world windows (computers). Just wish they could make a decent and stable OS. The poor dollar is lingering at the critical support level of 76 and this is important to me, because if we're to see a rally the dollar will crash right through this level and god knows how low it will go. I can proclaim with certainty that the dollar died. However, if the dow's 6 month rally is knocked on its head they might just save the dollar and that would certainly help drive down oil prices. The powers that be, like I said, have a few choices to make. If I were them I would go with deflating equities, and god knows it could afford to lose a few points as it is waaaaaay over sold. Either way when you think about it, we're stuck in some muddy economic doom, and here's a final note on that - http://seekingalpha.com/article/165994-commercial-real-estate-lending-problems-hitting-the-smaller-banks The big difference between the different size banks comes in the area of real estate loans. Overall, real estate loans dropped by $113 billion over the last quarter, $48 billion over the last 5 weeks. But the decline in small banks was $68 billion for the last quarter and $38 billion over the last 5 weeks. The figures for large banks were $41 billion and $6.3 billion, respectively.Here we find the startling difference: the small banks experienced most of the drop in real estate loans in commercial real estate loans. The drop in commercial real estate loans at small commercial banks was $36 billion for the full 13 weeks, but most of the decline came in the last 5-week period as these loans dropped by $24 billion during this latter time.We have been hearing for months that there was going to be a problem in commercial real estate lending and that this problem was going to be centered in regional and local commercial banks. It looks as if this problem is finally hitting the banking system and is showing up in the numbers. This is an area that we are going to have to continue to watch, for the economic difficulties in commercial real estate could continue to paralyze the smaller commercial banks for quite some time going forward. And, with the large number of problem banks identified by the FDIC being smaller institutions, we could see a rapid increase in the number of these institutions going under.

Oooooh, commercial defaults hitting a banking system that is already hiding its toxic residential load securities, and that my friends is the making for some market blood. But let's forget the economy for a moment and consider the mult-year brooding war with Iran and let's consider the latest rhetoric and chest thumping moves that might just be the real deal. Meet the multi million dollar latest baddie: the MOP (massive ordinance penetrator) - even sounds sexy, like one big fucking dildo, that the West is aiming to ram down Iran's nuclear bunkers. This 30,000 lb monster is the most powerful non-nuclear weapon yet developed and gee....I wonder what it's meant for and why it was rushed. Why the rush folks? I bet you can guess.

I'm just waiting for the false red flag that will allow everybody to take a bite out of another Muslim oil country. It's coming and the weapons manufacturers are already gearing up for it.