Understanding the Recent Mayhem in the Equity Market Rosenthal ‘…

Government support is the primary reason equity markets have traded

higher over the last year. That support has taken the form of, to name
a few, "cash for clunkers," foreclosure prevention, home buyer credits
and a myriad of Fed liquidity programs. The result of this support has
been the release of government supplied economic numbers that
appear promising and suggest GDP expansion (Did you pick up the
sarcasm in that sentence? Sorry!). To sum up, large quantities of Fed-
provided quantitative easing and rosy economic numbers are the fuel
driving markets higher. Now Europe and the European Central Bank
(ECB) have joined the fray. Supposedly close to $1trillion of liquidity
will be thrown into the gaping mouth of the debt monster. Pressure:
Abysmal – as in the size of an abyss – amounts of world debt are
swallowing up prodigious amounts of liquidity …’

DOW AT SAME LEVEL IT WAS -- 10 YEARS AGO! Bankruptcies resume

upward path... Midwest Bank, other failures bring '10 tally to 72 Fri, 14
May 2010 The closure on Friday of Midwest Bank and Trust Co., which had
over $5 billion in deposits and assets,... Its failure will cost the deposit-
insurance fund $216.4 million, the FDIC said. Springfield, Mo.-based
Southwest Community Bank was also closed by regulators Friday.
Southwest Community Bank had $102.5 million in deposits as of March 31,
the FDIC said, and its failure will cost the deposit-insurance fund $29
million. Other banks closed Friday included Plymouth, Mich.-based New
Liberty Bank, which had $101.8 million in deposits as of March 31, and St.
Marys, Ga.-based Satilla Community Bank, which had $134 million in
deposits as of March 31. The closures of New Liberty Bank and Satilla
Community Bank will cost the deposit-insurance fund a combined $56.3
million, the FDIC said …

The Financial System is Corrupt Greg Hunter | Rigged games are

doomed to fail. The second debt storm MarketWatch | The debt
mountain that brought down some of the world’s biggest banks and
dragged the international financial system to the brink of disaster
has simply shifted to governments. Euro Breakup Talk Increases
as Germany Loses Its Currency Proxy What was conceived as a
club for Europe’s strongest economies was expanded for political
reasons, leaving the currency union with minimal powers to police
deficit spending and no safety net for dealing with countries, like
Greece, that veer toward default. US faces same problems as
Greece, says Bank of England Mervyn King, Governor of the Bank
of England, fears that America shares many of the same fiscal
 problems currently haunting Europe. First Fed Invoice For Bailing
Out Europe Is In: The Damage – $9.2 Billion The first bill to US
taxpayers for volunteering to bail out Europe is in. The Bailout of
Big American Banks Has Cost Trillions More Than We’ve Been Told
Granted, the $700 billion dollar TARP bailout was a massive bait-
and-switch. The government said it was doing it to soak up toxic
assets, and then switched to saying it was needed to free up
lending. It didn’t do that either. Indeed, the Fed doesn’t want the
banks to lend. You Are Being Lied To By The Entire Financial
System Peter Santilli | Banksters will never tell you the truth about
our economic outlook because if they did, we’d all default on our
mortgage loans and stop spending money altogether.

Euro Plunges As France Downgrade Rumor Emerges The country that

Zero Hedge has long claimed is the glossed over black sheep that will
take down the core of the eurozone is about to be downgraded. At
least that’s the case according to the latest flurry of market rumors.
Detroit To Destroy 10,000 Abandoned Homes Mayor Dave Bing has
pledged to knock down 10,000 structures in his first term as part of a
nascent plan to “right-size” Detroit, or reconfigure the city to reflect
its shrinking population. Euro Falls to Lowest Since Lehman as
Breakup Concern Increases The euro fell to its lowest level since the
collapse of Lehman Brothers Holdings Inc. on concern that the 16-
nation currency may be headed for disintegration.

SELL IN MAY AND GO AWAY!

This is a global depression. This is a secular bear market in a global

depression. This is a bull (s***) cycle in a secular bear market. This is
a manipulated bubble as has preceded the prior crashes with great
regularity that the wall street frauds and insiders commission and sell
into. This is a typical wall street churn and earn pass the hot potato
scam / fraud as in prior crashes.

THE FORECASTS:
Harry Dent, Jr. Economy will be in a Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and mid-2013,
especially around early 2011, but if the banking system continues to implode a deep
downturn or depression could begin sometime in 2009 instead of 2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and
2012
Russell Napier is the author of the book “Anatomy of the Bear”, a professor at the
 Edinburgh Business School and a consultant to CLSA Ltd. which is one of the top
research houses in Asia. Napier’s research indicates (and I paraphrase) that: The
S&P 500 will Decline to 400 by 2014 (the Dow 30 to 3800)
The S&P 500 will then undergo a major crash that will see U.S. equity prices bottom
at almost 50% below current levels (i.e. to 400 or less; the Dow 30 to 3800 or less)
sometime around 2014 as Tobin’s “q” drops to 0.3 signaling the end of the bear
market, as it has done at the end of the four largest U.S. market declines in 1921,
1932, 1949 and 1982.
U.S. Treasury Sales Collapse Leading to End of U.S. Dollar as Reserve Currency
Robert R. Prechter Jr. is author of a number of newsletters and books including
“Elliott Wave Principle” (1978) in which he predicted the super bull market of the
1980s; “At the Crest of the Tidal Wave – A Forecast of the Great Bear Market” (1995)
in which he predicted a slow motion economic earthquake, brought about by a great
asset mania, that would register 11 on the financial Richter scale causing a collapse
of historic proportions; and “Conquer the Crash: You can Survive and Prosper in a
Deflationary Depression” (2002) in which he described the economic cataclysm that
we are just beginning to experience and advised how to position one’s self
financially during that period of time.
Depression is Imminent
The Dow Jones Industrial Average will go down to at least 1000, most likely to below
777 which was the starting point of its mania back in August 1982, and quite likely
drop below 400 at one or more times during the bear market.

(5-14-10) Dow 10,620 -163 Nasdaq 2346 -48 S&P 500 1,135 -22 [CLOSE-
OIL $71.61 (-54% for year 2008) (RECORD TRADING HIGH $147.27)
GAS $2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.08 REG./ $3.26
MID-GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,228 [video] Gold
Surges Stocks/Gold Comparison (+24% for year 2009) / SILVER
$19.23 (+47% for year 2009) PLATINUM $1,715 (+56% for year 2009) /
DOLLAR= .80 EURO, 92 YEN, .68 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.45% …..… AP Business
Highlights ...Yahoo Market Update... ] T. Rowe Price Weekly
Recap – Stocks / Bonds / Currencies - Domestic / International
MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD
PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6
Theories On Why the Stock Market Has Rallied 3-9-10 [archived
website file] Risks Lurk for ETF Investors The bull market that
never was/were beyond wall street b.s. when measured in gold
Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The
Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010
01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE
COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer
(01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-
22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not
Going To Recover Current Economic / Fiscal Charts
Trendsresearch.com forecast for 2009 1-7-10 Crash is coming!
‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic /
Financial Data This Depression is just beginning The
coming depression… thecomingdepression.net MUST READ:
JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850
 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner
than you think Sliding Back Into the Great Recession
ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS
WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

Go to following pages for above links:

http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com

http://www.albertpeia.com/alresume.htm

Viguerie: Forget Third Parties, Vote for “Principled” Establishment

Candidates Kurt Nimmo | Viguerie’s “principled conservatives” will
follow orders or end up in compromising situations with prostitutes or
suffer airplane accidents. Beware the Recent Situation in Greece: It
Will Happen Here! Gary D. Barnett | Careful consideration by the
American people is now mandatory if a non-violent and positive
outcome to the impending economic downfall is expected. Racist
film ‘Machete’ produced with taxpayer funds Infowars | ‘Machete’ has
fallen into controversy, and it’s still months away from its September
release. This may be partly because the film has been supported by
taxpayer funds, despite its racist message. A Message from
Argentina: Our Sympathies to the People of Greece! Adrian Salbuchi |
Make no mistake: this is a Global Model. Trilateral Commission
Wants War With Iran TC member unwittingly tells We Are Change
activist of plans for world government. Geithner to Submit
Economic Report to Rockefeller, Rothschild, Kissinger Economic
Policy Journal | Minion Geithner will submit economic report to global
elite on Obama’s agenda for economic growth and strengthening the
global financial system.

Ireland: Action To Arrest Wanted War Criminal Kissinger Trilateral Member

May 2010 Video Henry Kissinger has an International Arrest Warrant
out for him and an attempt is made to enforce it in Four Seasons Hotel
Dublin Ireland where he was staying 8th May 2010. Greek Unrest
Spreads to Romania and Ireland Russia Today | This crisis may be
spreading worldwide as the debt crisis continues, there have been
reports that it may spread to Japan, one of the biggest economies in
the world. US media demands Greek-style austerity for American
workers WSWS | It is rich to hear demands for sacrifices and lectures
about “the people” living beyond their means. European Council
On Foreign Relations: EU Needs To Use Crisis For Greater Power
Several more autocratic international voices have added their weight
behind proposals to vastly empower the EU with greater authority to
govern over nation states in Europe, in the wake of the sovereign debt
 crisis. Meanwhile, one leading commentator has described the move
as “fiscal fascism”. Trilateral Commission Wants War With Iran
Trilateral Commission member Mikhail Slobodovsici, a chief adviser to
the Russian leadership, unwittingly provided a revealing insight into
the plans of the global elite during the group’s recent meeting in
Dublin Ireland, when he mistakenly told a We Are Change Ireland
activist he thought was a fellow TC member that the globalists are
planning a war with Iran.

Russia warns U.S. against unilateral Iran sanctions Russian Foreign

Minister Sergei Lavrov warned the United States and other Western
nations on Thursday against imposing unilateral sanctions on Iran
over its nuclear program, Interfax news agency reported.

Editorial: US in quagmire Seeing the warm welcome extended to the

Afghan president on his US trip, it is hard to believe that only weeks
ago Washington was seething with anger and frustration at Hamid
Karzai’s behavior and there were even dark mutterings by US officials
that he might be mad.

Go to following pages for above links:

http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com

http://www.albertpeia.com/alresume.htm

Israeli American Microbiologist Linked to Deadly Fungus Kurt Nimmo | A

report links labs in the United States and Israel to the Cryptococcus
gatti fungus that has killed several people in the United States.

"What this means is that Neanderthals are not totally extinct. In some of us,
they live on," Paabo … With regard to that extinction thing, I’d say
they’re still working on it (ultimately, decades, extinction, the
distinction, without a difference). Actually, prior to studying the
compelling subject of Biological Anthropology (Michael Park text), I
too had some misconceptions about the group known as Neandertals
(recent spelling drops the ‘h’) and actually mis-referenced same by the
stereotypical image of members of said clade even as the debate
continues as to whether they are within the species homo sapiens or a
separate species. I believe these to be distinctions without important
differences, so humble the origins and evolution of man truly are.
Parenthetically, I wonder what that anthropological scientist Heidi
Klum thinks on the subject.

Neanderthals, Humans Interbred, DNA Proves

Signs of Neanderthals Mating With Humans - Neanderthals mated with
some modern humans after all and left their imprint in the human
genome. Genome hints humans, Neanderthals rolled in prehistoric
hay You're a Neanderthal: Genes say yes — a little bit (AP)
Neanderthals and people interbred, fossil analysis finds For more info
on man’s humble beginnings, see here
http://www.albertpeia.com/anthroindex1.htm

Previously I wrote:

FOUND: MISSING LINK BETWEEN APES AND MAN.... These stories, and
the many like it, are old news and I subscribe to the more studied view
that there is no “missing link” per se and in my view are distinctions
without significant differences. I previously wrote:

To Learn More About From Whence Man Came, This Link's For You

[To the Professor at the beginning of the course]

10-5-09 Postscript: Professor *****,

I felt compelled to thank you again for the add; not to curry your favor but
indeed to express profound thanks inasmuch as this is probably the last
formal course at a formal educational institution I'll ever take; and among
the most important. While I had bought at discount a library-discarded 1993
Anthropology by Embers text, though meaning to read same never quite
got to it. I am astounded by the substantial amount of time involved in the
evolutionary process, not that I ever stopped to think about it, and one
must come away with the sense of 'and all that...for this?'. This course
should be required curriculum along with psychology, sociology, etc., but
probably won't be owing to what is, as it should be, a very humbling
educational experience for any member of the human race.
Regards,
Al Peia

[Interestingly, my intuitive (but unstudied) thoughts prior to closer

examination of the compelling subject of Biological Anthropology
remain what I believe to be the correct scenario. Specifically, very
simply stated, for the most part, the more “enlightened” (but not by
much; by mutation, accident, luck, intervention, etc.) left the
unvarying confines of their Sub-Saharan origins, experienced diverse
new environs, challenges, etc., experienced what has been described
(by neuroscientists, psychologists, etc.) as neurogenesis in varying
degrees and forms thereby over time, which trait was selected for and
is consistent with the purported multi-regional evolutionary model
which does not overtly contradict ultimately, initial African origins.
 Races, sub-species, missing links, etc., are subsumed in this very
humbling and sorrowful tale of the “dawn of man”.]

[Abolish the corrupt, costly, economically wasteful lifetime

extravagantly appointed federal courts - see RICO case [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpe
naltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

Don’t Tread On Me: A Refresher Course on the Constitution

BUDGET CRISIS PUTS LOS ANGELES COURT SYSTEM AT RISK ...

ABOLISH THE CORRUPT, ECONOMICALLY WASTEFUL SO-CALLED
SYSTEM, FROM MY DIRECT OBSERVATION AND EXPERIENCE .
(PREVIOUSLY ARCHIVED) HOWEVER, THIS LATEST
"CALIFORNIA/LA DISTRACTION" REQUIRES ELUCIDATION AS
FOLLOWS:

Response to App. Div. OSC

STATE OF CALIFORNIA ethics complaint
Response to Sup.Ct. OSC
designation of record on appeal
The so-called "order" appealed from.
How embarrassing for the superior court of the state of california!
Typical corrupt banana republic america/california court

Dirty money digitally laundered … a wall street, atlantic city, and

american story … a very bad one and [also see RICO case
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpe
naltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
Fraud: It’s Much Bigger Than Goldman Sachs Regulatory reform
debate obscures key fact: Everybody’s getting money bribes from
Wall Street

Blagojevich calls feds 'cowards and liars'…[Yes. This is a rare

moment for one to say that a sleazy hypocrite like blago, who is on
corrupt federale-connected mobster trump’s celebrity apprentice,
happens to be correct based upon facts / reality and my own direct
observation and experience and the law – Don’t forget to include
 corrupt federal judges as maryanne trump barry, sam alito, shiff,
matz, hall, underhill, dorsey, etc.. Defacto bankrupt america’s so-
called system is pervasively corrupt and broken] (AP) [Abolish the
corrupt, costly, economically wasteful lifetime extravagantly
appointed federal courts - see RICO case [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpe
naltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

Newly Released Court Transcripts Prove Judge Misconduct In Robert

Wanek Case

Drudgereport: DOW AT SAME LEVEL IT WAS -- 10 YEARS AGO!

Bankruptcies resume upward path...
DEATH BY DRONE: Controversy after CIA authorized to kill U.S. citizen...
BANK OF ENGLAND: USA FACES SAME PROBLEMS AS GREECE
Republicans introduce bill to prevent EU bailout...
Euro Drops Below 14-Month Low Set Before Rescue...
NYT NEW NORMAL: Many Jobs Lost in Recession Will Not Be Coming
Back...
BUDGET BLOWOUT: DEFICIT 4X HIGHER IN YEAR
US Exposure to EU Bailout: $50 Billion and Counting...
RASMUSSEN POLL: 33% Want Kagan Confirmed, 33% Do Not, 34% Not
Sure...
Bloomberg Wants 'Big Brother Britain' For NYC...
'We are once again the schmucks of Europe!' German media's verdict as
anger at Greek bailout swells...
'Browbeaten' Merkel weakens...
UNEMPLOYMENT UP TO 9.9%...
Broader Rate Increases to 17.1%...
PLUNGE REMAINS MYSTERY; $1 TRILLION BRIEFLY WIPED OFF SHARES
Payrolls Rise 290,000 in April...
MOODY'S: U.S. Debt Shock May Hit As Soon As 2013...
RNC: OBAMA'S 'NEW NORMAL' IS UNACCEPTABLE...
Poll: 39% Would Pick Obama Again...
OBAMA PENTAGON GIVES $500M 'NO BID' CONTRACT TO
HALLIBURTON...
PRESIDENT LASHES OUT AT MEDIA WORLD; IPADS, XBOXES, RUMORS
Fed chief tells graduates: Don't worry, be happy...
DOWNER: First lady's message: Brace for hardship...
Stocks Dive Worldwide on European Debt Concern...
MARKET VIOLENCE:
FEAR, EURO WEAKENS, GREEK RIOTS CONTINUE, RETAIL DISAPPOINTS
DOW SWINGS 1010 POINTS, 2ND LARGEST IN HISTORY...
'MANIPULATION'
VIDEO OF DRAMA...
CNBC: FAT FINGER, HUMAN ERROR IN TRADE CAUSED PLUNGE...
PUSHED 'B' INSTEAD OF 'M'?
REPORT: BAD TRADE TRACED TO CITI...
'No Evidence that CITI was Involved in Any Erroneous Transactions'...
UPDATE: Oil Starts To Wash Ashore Off Louisiana...
GREECE PARALYZED BY VIOLENCE
DEBT CRISIS
Stocks Slide Worldwide, Erasing 2010 Gain...
UK budget deficit 'to surpass Greece's as worst in EU'...
FREDDIE MAC seeks $11 billion dollars from feds to cover losses...
Many possible triggers for wider euro debt crisis...
Plunge raises reserve status fears...
Faber: China 'Crash' Coming ...
Oil from Gulf spill may even 'reach Miami'...
Gulf Coast watches, waits for path...
Leak could hit 40K barrels a day...
Cleanup chemicals worry environment watchdogs...
Oil will persist in sensitive habitat 'FOR YEARS'...
BP Chief: We'll get loads of illegitimate claims - this is America...
Psychiatrists: Global warming fears seen in 28% of obsessive compulsive
disorder patients...
Dems expolit oil rig explosion that killed 11 Americans to raise $$$...
AHMADINEJAD: USA SHOULD BE PUNISHED FOR NUCLEAR 'THREATS'
Federal Government Outpaces Private Sector in Job Creation...
Inflation up 2% in March...
LIST: 20 most stressed, least stressed counties in USA...
TALIBAN LEADER 'KILLED BY CIA DRONE' SURFACES ON INTERNET
Videos appear to show Pakistan Taliban chief alive...
Washington claimed killed…among others, for the umpteenth time…helps
sell war budgets...
MELTDOWN: Greece Gets $146 Billion Bailout...
Largest ever assembled for a country...
'Collapse or salvation'...
Junk Bond Sales Set Record...
SPILL SPREADS
OUT OF CONTROL
European Central Bank President: Global Governance 'extremely
necessary'…Riiiiight! … Sounds like a plan … and who to govern? The
same incompetent vegetables who’ve created the problems in the first
place? Oooooh … Brilliant! ...
Greece, the so-called cradle of western democracy, erupts as IMF prepares
to wield axe...
AZ deputy shot in stomach by suspected illegal...
UPDATE: Immigrants plan Saturday marches...
596 convicted of crimes nabbed in South...
OIL SLICK NOW
THREATENS GULF COAST
BLAME GAME
Slick Ashore Tonight Worse Than Exxon Valdez … How Did This Happen ?
Roubini Says Greece 'Tip of Iceberg' as Sovereign Debt Threatens
Recovery...
Geithner: 'I Never Had A Real Job'… sounds like a plan!...
Tent City In New York Set Up In Hopes For Elevator Job... camped out
for 3 days for chance at getting an application
NATIONAL ENQUIRER CLAIMS OBAMA CHEATING SCANDAL...
'Hotel security video could topple Obama's presidency'...
GOLDMAN BOSS VISITED WHITE HOUSE AT LEAST 4 TIMES...
GOLDMAN SACHS CEO endorses Dem Banking Bill: 'Wall Street will
benefit'...
GREECE CUT TO JUNK... Doubts intensify... Spreads to Portugal...
Stephen Hawking: Aliens exist but don't talk to them -- it's too dangerous
… might not like us… Oh pshaw! … Human nature, man’s inhumanity to
man? … Such humble beginnings and evolutionary history … What’s not
to like? … Besides, not to worry. With their advanced technologies that
defy human understanding, the aliens already know you’re here … to stay.
So, not to worry. After all, as we know from that documentary of that same
name, ‘Earth Girls Are Easy’ … and then there’s photosynthesis on earth in
a very big way also going for it! ...

Seeing Aliens Will Likely Take Centuries. Centuries? Not goin’ to happen;
at best, decades.

Go to following pages for above links:

http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com

http://www.albertpeia.com/alresume.htm