NSA Engaged In Financial Manipulation, Changing Money In Bank Accounts

Matt Blaze has been pointing out that when you read the new White House intelligence task force report and its recommendations on how to reform the NSA and the wider intelligence community, that there may be hints to other excesses not yet revealed by the Snowden documents. Trevor Timm may have spotted a big one. In the recommendation concerning increasing security in online communications, the second sub-point sticks out like a sore thumb:

If you can’t read that, it says:

Governments should not use their offensive cyber capabilities to change the amounts held in financial accounts or otherwise manipulate the financial system.

….a bit more HERE

Also, given the NSA is in there changing bank Balances presumably to make Economic numbers look better for Government, it is hardly surprising that that same agency would come out with a comment like this: Some Foreign Nations Have The Cyberwar Capability To Destroy Our Financial System, NSA Admits…

Ed Note: A chart going back to 1871, “secular bull and bear markets” from Doug Short is is well worth a look at for perspective.

The big post-FOMC rally on Wednesday was stalled today. The key pre-market event was the surprisingly high number of new jobless claims. The S&P 500 opened fractionally lower and sold off to its -0.51% intraday low about 45 minutes into the session. The index gradually recovered to hover just below yesterday’s closing price. It closed with a 0.06% loss. Was today a short-term consolidation before a Santa rally? Or was yesterday’s post-FOMC rally a cyclical high? With Friday being a Quadruple Witching Day, the volatility could be quite interesting.

Here is a 5-minute look at Thursday with Wednesday’s 1.66% afternoon rally for context.

Volume fell to a level just above its 50-day moving average.

The S&P 500 is now up 26.88% for 2013.

For a better sense of how these declines figure into a larger historical context, here’s a long-term view of secular bull and bear markets in the S&P Composite since 1871.

Ed Note: That chart going back to 1871, “secular bull and bear markets” is well worth a look for perspective. 

The Dow Jones Industrials rallied sharply with the Fed starting to taper. We have a near double top but today was a turning point and this week was also a target for a Panic Cycle which seems to be on point. However, while the market remains strong long-term, there are signs of some exhaustion starting to creep in. I the Dow cannot break to new highs and close higher tomorrow, we may still move back to retest support for Jan/Feb. A low at that time will point to a rally into the end of summer. A high in Jan/Feb in the 16650 level, could warn of a decline into that period with a rally into 2015.75. But a low, may signal the Cycle Inversion is developing now. That will warn of a very serious period between 2015.75 into 2020.05. TIMEremains constant. Events and Price are the variables.

Ed Note: I posted this chart below, not Martin, to reveal the Jan/Feb lows he is referring to:

…more from Martin: Fed Tapers Letting As Always the Lame Duck Do the Job