Look for tops in Wall St darling stocks.

An article on Yahoo Finance news which cited the Wall Street Transcript suggests that we all go out and buy the big name Wall St. darlings which have not had any correction yet while things like the solar sector are selling below book.  IMO such blatantly bad advice and analysis is a sign that a top is near for these stocks.  Nothing else but shilling the bid could account for big print headlines suggesting that we all pile even further into an already overcrowded flight to safety trade when in fact no stocks are safe.  This is exactly the type of game I would play if I were in the business of herding sheeple around for my own profit.  And all of this soul-less pumping is happening even though Wall Street Transcript's Wiki says, "In publication for more than 37 years, The Wall Street Transcript does not endorse the views of those interviewed, nor does it make stock recommendations.".  I laugh at how they claim to be unbiased even though they are the ones who pick who gets interviewed. 

To me, this is a tip of the hand by those who make a living gaming the system.  This sort of signaling used to work when fools and patsies far outnumbered every other player in the investment world.  Back in those days you could get away with this type of thing and nobody would bat an eye.  But people have wised up over the past several years of first hand observation of just how corrupt the big money system is where banks and industry collude with military and government in order to fleece the people of the output of their daily labor.

Yeah, it's currently blasphemy to say that IBM or MCD or other darlings can crash.  Everyone thinks these companies are unstoppable.  But the truth of the matter is that credit deflation is the most powerful economic force on the planet and that the fortunes of all companies are controlled by it. Once credit deflation locks its teeth into the global economy, where is IBM going to get a government contract?  You think IBM's business in Spain and Italy and Portugal, etc. hasn't suffered?  If the people are being forced into austerity and it is resulting in riots then I cannot believe that big contracts are being awarded to multinationals.  If the crowds got wind of it then the very lives of the leaders could be threatened during times such as this.  People are pissed and they have no patience for explanations and excuses from politicians these days.

Oh, and when will MCD account for all of its real estate losses globally that must have occurred over the last 5 years?  All we hear about is their profit and their measly little 3% dividend but nobody wants to talk about the fact that it was all paid for with debt.  MCD debt has been steadily increasing and now it has $12.54bn in debt as opposed to only $2.4bn in cash.  That's better than 5:1 leverage.  Deflation is very hard on those who are mired in unpayable levels of debt.  MCD's stock price is dependent on its growth which is dependent on its store expansion which is dependent on its ability to take on new debt for store expansion.  In a credit crash new debt becomes more expensive or even impossible to take on because nobody has money to loan.  As we have seen with sovereign debt in the Eurozone, the interest rates can move very rapidly once people figure out that there is no escape for the entity in question.  MCD and many other corporations are completely dependent on the availability of cheap credit for their growth.

As the Eurozone crashes, global credit is contracting rapidly.  This cannot be good for the likes of MCD and so the shameless stock pumping machine is turned on in order to lure more suckers into the debt Ponzi.  This is required so that the con men can take that money and slip out the back door.  If the con men just sold now with no new stream of steady buyers, the stock price would plummet and people would get the sense that there is something fishy going on.

Time will tell but I sense that the con men know that the credit deflation in Euroland will be an unstoppable force which will not be beneficial for shares of even the best name companies out there and so they are looking to make a fast exit stage left.  Alternatively, these guys could all be on the up and up and I am the only person in the universe who thinks global markets could be ripe for a collapse.  Yeah, sure.  Anything I see they have known about long before.  These con men are some of the most clever and insightful people on the planet.  If only we had them working on cures for cancer instead of trying to find yet another way to screw their fellow man out of his hard earned money...  If we got rid of fiat currency and fractional reserve banking that is exactly what would happen.