For those that somewhat follow the markets it is obvious that volatility is the norm with 200 point pops and drops happening on a regular basis. The S&P hit a recent bottom of 1077 in October to then rally to 1290 and is now range bound bouncing between 1270 and 1215. The precious metals are in a tight trading range as they bounce and plunge from tightly defined ranges. Recent US economic data shows a upswing as initial jobless claims have come in under 400k for the past 3 weeks and regional manufacturing surveys have come in better than expected. For example, the Philly Fed Index plunged to -30 in September simply to bounce to +3 for the latest month. ISM data has also come in above the feared sub 50 point mark. Thus, the economy continues in stall speed while the demands of an exponential money system continue to put pressure on society. Grow or die, is the current meme. Yeah, well with WTI crude trading over $100 per barrel that's going to be a bit difficult.
The big story is the yield blow out in Europe as Spain has joined Italy and Greece in funding hell. Per Zerohedge, trillions of dollars worth of short term bonds will need to be issued in 2012, except this time with the market demanding much higher yields. For now the Wall Street crybabies are convinced the Germans will cave to the ponzi and permit the ECB to buy buy buy these wounded bonds, pushing yields lower and effectively kicking the can down the road for some time. Given Germany's fear of hyperinflation this will be a tough sell. However, because our modern liquidity system is so fucking fragile once the big banks start to sink they will panic and ultimately give in. Perhaps a 2500 point intraday selloff in the Dow will help change their minds. Yes, a debt crisis will be solved by issuing more debt LOL LOL.
The Law School Scam:
Not a week goes by without some news article being published on the woes of recent law grads. Nonetheless, prospective law students continue to believe that LS is a good investment. Incredible. While applications have fallen from their lofty heights there are still sufficient numbers of applicants willing to borrow the big bucks to have their chance at practicing law. If you fools only knew how terrible the job market is. Any prospective law student should check out JD Underground and see how real attorneys talk about the legal job market. The stories on the site will amaze you.
The OWS movement:
Cities and municipalities have lost their patience with the protesters and have begun their eviction actions. I expect a cool down during the winter months but a resumption of activities once the spring arrives. The fact remains that there simply aren't enough well paying jobs for recent grads owing mortgage sized student loans. I expect the class of 2012 to join in on the fun. Once the geezers start getting their entitlements cut expect to see them yelling and screaming as well. Of course the media will celebrate the lull in protest activity but these douches are to be ignored as their job is to perpetuate and serve the status quo at all costs. I've gotten to the point where I don't watch any mainstream "news" as their constant lies and obfuscations make me sick. Just today a co-worker told me that "the news said that the protesters are quitting because they haven't accomplished anything." Yes my dear, rely on their logic and reasoning. For those expecting quick results lets be clear that this is a battle between endemic corruption taking place in the superpower of the world. These criminals have the power to take down countries within weeks (read: Iraq, Afghanistan). They will not be uprooted overnight.