The S&P 500 is now the new standard for stopping trades when the market collapses. Interesting to say the least:
"The U.S. Securities and Exchange Commission began an overhaul of rules adopted a quarter century ago to shut down the stock market and related futures trading during periods of volatility, proposing that curbs be triggered when the Standard & Poor’s 500 Index falls 7 percent.
The changes would switch the index used for circuit breakers to the S&P 500 from the Dow Jones Industrial Average, according to proposals submitted by U.S. equities exchanges and the Financial Industry Regulatory Authority. Index declines that set off halts in stocks, options and futures would be reduced and their duration shortened, according to a summary of the proposals from the SEC.
“Tighter circuit breakers and a coordinated effort will allow everyone to take a breath when it’s needed,” William Karsh, a consultant and former chief operating officer at Jersey City, New Jersey-based Direct Edge Holdings LLC, said in a phone interview. “If they stop trading and give people a chance to assess what’s going on, they can reopen without the crazy whipping action we saw on May 6, 2010.” (Source)
In other words, the markets will reopen more quickly during flash crashes so that the Satanic Psychopaths can get back to plundering your savings and retirement. Comforting indeed.
Markets:
S&P 500: As of close yesterday, Puts against the S&P 500 stood at 11,625,456!!!! (Open Interest). Trade volume for Puts on the S&P 500, as of 9 AM this morning was almost 2 times that for Calls! Remember Puts are a bet that the market is going down. (Total open interest for Put Options on 9/27 was 7,316,062).
One Put Option worth $2600 will increase dramatically in value for each 100 point decline in the S&P 500 until it expires.
Silver: Silver is at about $31.00 (Spot). Shorting the silver futures is a great indicator that they are bringing down the S&P 500. Remember, they don't want you to feel like you can always go somewhere else with your money. It also creates an amazing value for those buying silver while it is still available. If you have to wait more than a few weeks to get your silver, than you need to buy from me. Some companies are 2 or more months out on delivery. Not a good risk for you. They might just play with your money and then send it back to you in a few months. Or worse.
Gold: At about $1619 Spot. Physical possession of gold scares me. But, I do sell it. I wrote a few articles on Gold Confiscation becoming a reality after the dollar collapses and they move us to a new gold standard.
Dollar: The dollar is down another .45 cents when compared to the Euro/Dollar Index. November dollar/euro crash anyone?
We will be shorting currencies and bonds before too long as well. Just a word to those that are using my consulting services.
Interest Rates: Interest rates on a 30 year fixed mortgage are at 3.75%. Refinance to a 15 year if you can. With silver appreciation you will be able to easily pay off your home loan.
GDP/National Debt: The total Gross Domestic Product (total value of goods and services made in the USA) is 14.12 Trillion. Total National Debt stands at 14.7 Trillion dollars. Debt to GNP Ratio: 104% Unfunded liabilities stand at 100 trillion dollars.
Free Recommendations:
Here is a freebie for those that don't have the money for an S&P 500 Put Option:
Buy Puts against the following companies for around $100-150 each contract.
Symbol:
FAS: Direxion Financial Bull (now at 11.10 a share). Buy the 11/11 Put Option- $10 Strike Price
MS: Morgan Stanley ($14.07 a share). Buy the 11/11 Put Option- $13.00 Strike Price
LVS: Las Vegas Sands ($39.37 a share). Buy the 11/11 Put Option: $35.00 Strike Price
You can thank me by donating 10% of your profits to this website
Recommendations:
1. I sell both silver and gold and currently have no supply issues. Delivery is still 2 weeks or less. For current priceing, Email me at pdrockton@aol.com
2. You should be shorting the market with the psychos. I do consult for a fee. email me for more info.
3. If you can't move your money into physical precious metals then move your money into a money market fund.
4. Drain your cash values on your life insurance policies and annuities. Convert to physical metals. Insurance companies will not survive the economic collapse.
5. Buy food while it is still cheap. A year's supply. Also heirloom seeds.
6. Allicin C kills all bacteria, virus's, fungus and biological agents. It also stores extremely well for a long time without losing its potency. Get some.
