TimberTimberWe are going to talk about We are going to talk about

TIMBER. It will be a long talk, just TIMBER. It will be a long talk, just note down the information around note down the information around the markets that the markets that Larry LevinLarry Levin would would

like to send to you. Now, let’s like to send to you. Now, let’s learn to tradelearn to trade!!

The equity market is like the mighty The equity market is like the mighty Oak: strong and old. But some times Oak: strong and old. But some times bad things happen to these majestic bad things happen to these majestic trees. Like a very old and disease-ridden trees. Like a very old and disease-ridden Oak, however, the equity market is Oak, however, the equity market is rotten to the core with many maladies rotten to the core with many maladies and is falling from its once mighty and is falling from its once mighty (government sponsored) perch. Timber!(government sponsored) perch. Timber!

Fraud Street stomped its feet Fraud Street stomped its feet and screamed at the FOMC, as and screamed at the FOMC, as well as anyone who is still long well as anyone who is still long equities, with a strong sell off equities, with a strong sell off after “Operation Twist” was after “Operation Twist” was announced. What went wrong? announced. What went wrong? Why was Fraud Street so upset?Why was Fraud Street so upset?

It’s hard to believe, but the banking mafia It’s hard to believe, but the banking mafia had been secretly demanding at least $1-had been secretly demanding at least $1-TRILLION more in quantitative easing TRILLION more in quantitative easing (QE3) and was a “little” disappointed (QE3) and was a “little” disappointed when Santa Bernanke didn’t drop off the when Santa Bernanke didn’t drop off the correct present. Apparently that feeling correct present. Apparently that feeling went viral as the global banking mafia went viral as the global banking mafia sold off in Asia, then Europe, then again sold off in Asia, then Europe, then again right here in the USSA.right here in the USSA.

But never fear; Ben But never fear; Ben “Helicopter” Bernanke is “Helicopter” Bernanke is surely ready and willing to “do surely ready and willing to “do something” when the something” when the banksters slam the S&P to a banksters slam the S&P to a sub 1,000.00 print.sub 1,000.00 print.

Other than more “stimulus” but just not Other than more “stimulus” but just not what the petulant whiners demanded, what the petulant whiners demanded, what are the other problems? Well, you what are the other problems? Well, you know the score…know the score…Jobs? What jobs? Another horrible weekly Jobs? What jobs? Another horrible weekly jobless claims report was released this jobless claims report was released this morning well north of 400k, and last morning well north of 400k, and last week’s terrible data was revised (again) week’s terrible data was revised (again) worse than originally reported.worse than originally reported.

Hopium is no way to invest – it’s a Hopium is no way to invest – it’s a scam and people are wising up to it.scam and people are wising up to it.China is slowing down – rapidly China is slowing down – rapidly according to some.according to some.Greece will default – eventually.Greece will default – eventually.Hopium is no way to invest – it’s a Hopium is no way to invest – it’s a scam and people are wising up to it.scam and people are wising up to it.

A European bank run of sorts is A European bank run of sorts is happening. Siemens and Lloyds happening. Siemens and Lloyds have both withdrawn LARGE have both withdrawn LARGE amounts of Euros to deposit with amounts of Euros to deposit with the ECB. Faith in the European the ECB. Faith in the European banking sector is falling faster banking sector is falling faster than Aunt Mae at an open bar.than Aunt Mae at an open bar.

European banks need more capital, European banks need more capital, despite assurance just days ago despite assurance just days ago from the European politicians that from the European politicians that no new funds were necessary. no new funds were necessary. They continue to lie about They continue to lie about everything concerning the banks.everything concerning the banks.Sovereign and bank downgrades Sovereign and bank downgrades continue.continue.

Hopium is no way to invest – it’s a Hopium is no way to invest – it’s a scam and people are wising up to it.scam and people are wising up to it.The USD is rallying, destroying the The USD is rallying, destroying the gluttonous bankster “risk on” trade. gluttonous bankster “risk on” trade. Sorry fellas: epic fail!Sorry fellas: epic fail!US bank shares getting hammered.US bank shares getting hammered.Hopium is no way to invest – it’s a Hopium is no way to invest – it’s a scam and people are wising up to it.scam and people are wising up to it.

So why was there such a So why was there such a “surprise” reaction late “surprise” reaction late Wednesday and Thursday Wednesday and Thursday morning? Well, it’s of no surprise morning? Well, it’s of no surprise at all if you read the data and at all if you read the data and pass on the Hopium pipe (and pass on the Hopium pipe (and the government issued kool-aid).the government issued kool-aid).

If you haven’t figured it out If you haven’t figured it out yet, Fraud Street will ignore yet, Fraud Street will ignore the dead body at its feet for as the dead body at its feet for as long as possible, even when long as possible, even when the decomposition begins to the decomposition begins to fill the room with its horrible fill the room with its horrible stench.stench.

It is not until it becomes so unbearable It is not until it becomes so unbearable that one would throw up from the putrid that one would throw up from the putrid smell of the rotting corpse right under smell of the rotting corpse right under their noses that the clown-posse in the their noses that the clown-posse in the media and those in the penthouses of media and those in the penthouses of Fraud Street will admit – “yes, I believe Fraud Street will admit – “yes, I believe there may be a dead mouse or something there may be a dead mouse or something behind the couch. We’ll just get rid of that behind the couch. We’ll just get rid of that and have fresh air in no time.”and have fresh air in no time.”

They ignore everything – until They ignore everything – until it is too late. Hopium, not it is too late. Hopium, not reality rules the roost of Fraud reality rules the roost of Fraud Street (and HFT robots) but Street (and HFT robots) but Hopium is no way to invest – Hopium is no way to invest – it’s a scam and people are it’s a scam and people are wising up to it.wising up to it.

Trade well and follow the trend, not Trade well and follow the trend, not the so-called “experts.”the so-called “experts.”

Behold the age of infinite moral Behold the age of infinite moral hazard! On April 2nd, 2009 hazard! On April 2nd, 2009 CONgress forced FASB to suspend CONgress forced FASB to suspend rule 157 in favor of deceitful rule 157 in favor of deceitful accounting for the TBTF banksters.accounting for the TBTF banksters.