1. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
THE GREAT GAMBLE
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
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2. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
BERNANKE BOX
• ELECTION YEAR: This is an election year and the Federal Reserve has
traditionally ALWAYS done everything in its power during the run up to the election
to support the incumbent President. It is considered a "privilege of office" and you
can bet Obama is both counting on and expecting it!
• QE III WILL NOT WORK: Unconventional policy is effective when the issue is
Systemic Stress however it is less so when Growth is the concern. Central bank
liquidity can lubricate a private sector in seizure but then becomes limited!
Bernanke and his minions at the Federal Reserve are acutely aware of this. It is the
wrong tool at the wrong time.
• GLOBAL PRESSURES: Chairman "Helicopter Ben" Bernanke as a pivotal board
member of the Bank of International Settlements in Basel, Switzerland (the central
bank to the central banks) has tremendous pressures to conform to the agenda of
this small cadre of central planners . Bernanke knows the American standard must
be subjugated for the larger good of what these unelected central bankers deem,
behind opaque closed doors, to be the urgent solution for an escalating and
unstoppable global financial crisis.
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
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3. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
ELECTION YEAR
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
4. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
ELECTION YEAR
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
5. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
ELECTION YEAR
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
6. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
QE III WON’T WORK!
"Unconventional policy is effective when the issue is Systemic Stress; It is
less so when Growth is the concern"
Central bank liquidity can lubricate a private sector in seizure but
then is limited!
"Deleveraging cycles mute the effect of monetary policy on
growth."
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
7. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
QE III WON’T WORK!
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
8. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
QE III WON’T WORK!
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
9. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
QE III WON’T WORK!
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
10. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
QE III WON’T WORK!
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
11. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
QE III WON’T WORK!
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
12. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
QE III WON’T WORK!
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
13. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
GLOBAL PRESSURES
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
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14. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
GLOBAL PRESSURES
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
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15. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
GLOBAL PRESSURES
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
16. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
GLOBAL PRESSURES
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
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17. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
COLLATERAL CONTAGION
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18. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
Market Fragility
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19. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
Credit Markets – Systemic Risk
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20. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
Pavlovian Response
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21. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
Goldman Sach’s Global Swirlogram
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22. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
Earnings Deceleration
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23. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
Slower Payroll Growth
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24. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
CONTRACTING PE RATIOS
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25. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
CONTRACTING PE RATIOS
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
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26. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
DATES TO WATCH
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27. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
THE GREAT GAMBLE
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Notas del editor
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Individual manufacturing PMI readings across Europe continue pointing toward a deeper recession in the currency union with the overall euro zone PMI slipping to 45.1 in May. Germany’s safe-haven status hasn’t prevented the country’s manufacturing sector from slowing in tandem with its neighbors. Germany’s May’s PMI print declined to 45.2 from 46.2 a month prior, its lowest reading since June 2009. PMI’s for France and Italy, declined to 44.7 and 44.8 in May, respectively. Following the 2008 financial crisis the overall euro zone manufacturing PMI bottomed in February 2009 at 33.5.