Home resales drop second consecutive month FDIC shuts down banks

in Nevada and Washington #s 21 and 22 so far this year (AP)

Massive Bank Failures Due, Says Oversight Panel Fannie to US: We
need another $15.3 billion Sounds like a plan! Bernanke delivers
blunt warning on U.S. debt Washington Times | Federal Reserve sets
the stage for a Greek tragedy. London Becomes Large Laundry
House Sergey Nikolayev | “It seems that London, being a large
financial center of the world, is becoming a large laundry house for
criminally accumulated funds.” Man who broke the Bank of England
George Soros ‘at centre of hedge funds betting against crisis-hit euro’
The man who broke the Bank of England in 1992 is said to be at the
centre of a plot to cash in on the demise of the euro. Euro in danger
as the Greek crisis deepens and Merkel admits currency is at risk

Another worse-than-expected-news-means-rally day! (I wouldn’t believe

that better than expected 4th quarter government GDP number either
even if remotely explainable by temporary spike in inventory
replenishment at best).

Market Review For February 26th, 2010 By Casey Murphy Technically

speaking, the financial markets seem to have put in a fresh low and look
vulnerable to a continuation move lower. As you can see from the charts
below, the technical picture remains much the same as last week, with all
the indexes having a difficult time overcoming the resistance of their
respective 20- and 50-day moving averages …Bottom Line It seems market
sentiment has improved a bit this week, as the markets stabilized and held
above the recent low. However, this is not a time for traders to get too
comfortable buying the recent dip. The markets remain vulnerable, and the
price action has remained corrective in nature. It takes a few shakeouts
before a market can truly end a decline, and thus it would be wise to expect
a retest of the recent lows in the coming week or two. How the markets
react to these pullbacks will offer many clues as to the next direction…

(2-26-10) Dow 10,325 +4 Nasdaq 2238 +4 S&P 500 1,104 +1 [CLOSE- OIL
$79.66 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.65
(reg. gas in LAND OF FRUITS AND NUTS $2.96 REG./ $3.26 MID-GRADE/
$3.35 PREM./ $3.08 DIESEL)/ GOLD $1,119 [video] Gold Surges
Stocks/Gold Comparison (+24% for year 2009) / SILVER $16.51(+47% for
year 2009) PLATINUM $1,545 (+56% for year 2009) / DOLLAR= .73 EURO, 88
YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR
NOTE YIELD 3.60% …..… AP Business Highlights ...Yahoo Market
Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies -
Domestic / International 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! [
(2-16-10) Paul B. Farrell, MarketWatch Economic Doomsday is Here
Market rallies on weak worthless Weimar dollar, higher oil prices, and news
from ny fed, the one with $4 trillion missing/unaccounted for, that NY is
now a global hub of manufacturing activity with stimulus-generated
inventory increase (even if believed), that former obfuscating source of
cyclic up must come down as said inventories are unsold or unloaded…
riiiiight!…Total bull s**t!… Shadowstats’ John Williams: Prepare For The
Hyperinflationary Great Depression Roubini: 'The worst is yet to come'...
Top Eurobank prepares for 'global economic collapse'... CHINA: ‘The
world does not have Money to buy more US Treasuries’ We Have
Reached the Top of the Stock Market (Charts/Analysis/Article 1-19-10)
Marketwatch: U.S. stocks held their gains following the release of the home
builders' sentiment index, which declined in January as industry leaders
remained concerned about the poor job market and the continuation of
home foreclosures. Read more about the sentiment survey. It’s Time
to Sell the Market…(1-19-10 Why wait till too late?) … This means closing
out some longs for a profit, or at least taking some money off the table.
This also means considering what one would do if stocks were to stage a
significant reversal. The fact that corporate insiders are selling their stakes
in record numbers and that fewer and fewer investors are participating in
this rally makes a massive reversal probable rather than possible this
year!... Peter Shiff: Economic collapse in near future / 2010, coming decade
worse than past decade …S&P sells on a price-to-earnings multiple of 88
after the recent financial results. That is a horrendous overvaluation. A
reasonable p/e would be around 18-25…’ Economist Wachtel says
practices that caused crisis in play, toxic assets still there, and
economically sound lending not viable …El-Erian who oversees nearly $1
trillion in assets, more than the gross domestic product of most countries,
says stocks will drop 10 percent in the space of three or four weeks,
bringing the Standard & Poor's 500 index below 1,000 soon… Breaking
Point 2010: Top Trends with Gerald Celente …DO YOU THINK IT IS
POSSIBLE IN 2010 FOR THE UNITED STATES TO END UP AS BADLY AS
ARGENTINA A DECADE AGO? “Worse! Worse than Argentina because our
debt problems are worse. This is classic empire decline. Argentina was not
even an empire. We’re fighting wars in foreign countries as we are
depleting the Treasury .…That’s why we are calling it: Breaking Point
2010!” The History of the Future: Trends 2012 Autumn 2012, the
“Greatest Depression” has spread worldwide …

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/alresume65393.htm

Obama May Prohibit Home-Loan Foreclosures Without HAMP Review

Bloomberg | The Obama administration may expand efforts to ease
the housing crisis by banning all foreclosures on home loans unless
they have been screened and rejected by the government’s Home
Affordable Modification Program. AIG Posts Loss Tied to Rescue,
Reserves; Shares Fall Bloomberg | American International Group Inc.
posted a wider-than-expected loss after setting aside more reserves
for insurance claims and paying down bailout debts. The shares fell
8.5 percent in New York trading. Massive Bank Failures Due, Says
Oversight Panel Epoch Times | Close to 3,000 banks are currently
classified as having a risky concentration of commercial real estate
loans.

For Cuomo, Spotlight Suddenly Grows Hotter New York Times - David M.
Halbfinger - For months, Andrew M. Cuomo has silently inhabited a
world of grand assumptions: that he was by far the strongest
Democrat to run for governor of New York; that his poll numbers were
not merely overwhelming but durable; ... Mafia makes comeback in
NY? Truth is, they never left! That’s pretty pathetic if that’s the best
NY can do!

Obama Appoints Federal Reserve Operative to Debt Panel Kurt Nimmo |

Obama has appointed a former member of the primary organization
 responsible for creating debt to a government panel ostensibly
designed to address that engineered debt. The Cost of Our Foreign
Operations
On Thursday, Congressman Paul questioned Secretary of State Hillary
Clinton about spending at the State Department during her
appearance before the House Foreign Affairs Committee. Bernanke
delivers blunt warning on U.S. debt Bernanke Pushes to Keep
Regulation Power as Some Senators Waver

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/alresume65393.htm

Third of All U.S. Casualties in Eight-Year Afghan War Have Occurred Since
Obama Ordered Escalation Edwin Mora | The 308 U.S. casualties in
Afghanistan since then account for about a third of the total of 920
U.S. casualties in the eight-year war.

Arrested Terrorist Leader Exposes Extensive CIA Connections | Al Qaeda

affiliate says his group was armed and assisted by U.S., Britain and
israel, funded to keep u.s., brit, israeli wet dreams alive. CIA
inspector general was ‘bothered’ by ‘excessive’ waterboarding

Leaked UN Documents Reveal Plan For “Green World Order” By 2012

Leaked policy documents reveal that the United Nations plans to
create a “green world order” by 2012 which will be enforced by a
structure of global governance and funded by a gargantuan $45
trillion transfer of wealth from richer countries, as the globalists’
insidious plan to centralize power, crush sovereignty while
devastating the economy is exposed once again.

Paul Craig Roberts: US pushing for nuclear war; “leadership” treasonous

for duping US into wars L.A. County Examiner | “The morons in
Washington are pushing the envelope of nuclear war. The insane drive
for already failed american hegemony threatens life on earth. The
 american people, by accepting the lies and deceptions of “their”
government, are facilitating this outcome.”

DRUDGEREPORT: IMF CHIEF WANTS NEW GLOBAL CURRENCY

israel approves 600 new Jerusalem settlement homes...
israelis rush to join Mossad after Dubai killing...
Jobless claims up 12% in past 2 weeks...
China extends lead as top food producer...
'American influence waning'...
Senator warns of 'financial meltdown' risk...
China postpones military exchanges with USA...

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/alresume65393.htm