coolhand's Account Talk

The market appears to be consolidating gains right now. At some point, the upward bias should continue. The indicators are still bullish. NAAIM reports tomorrow.
 
The weakness we got the previous couple of trading days reversed today and the S&P is once again pushing into rarefied air. The DWCPF recovered some as well.

Breadth remains solidly bullish. The CBOE is neutral. The latest NAAIM reading shows that this smart money, which was already bullish, is now a tad more bullish. I would not bet against them (or breadth). I remain bullish.
 
The market tacked on moderate weekly gains last week. Certainly the indicators I am watching supported that outcome.

The S&P 500 remains near its all-time high with no upside resistance to speak of. The DWCPF has yet to break out, but is holding its own for now.

Cumulative breadth remains very bullish. The trend is obviously up. The CBOE is bullish. TSP Talk is at a very high bullish reading, which at one time was cause for concern, but this survey is not as predictable as it once was. NAAIM is bullish...period.

While I am hearing warnings in some circles about certain large banks (BoA, DB, WF) being in significant trouble, I cannot confirm this. Is anyone out there unable to withdraw from an ATM at any banks? I have heard this may be happening in some areas. QE is being pumped, so it is certainly plausible that something may be happening. We will not be told of an issue until after the fact. We are not important. "They" do not care if we get crushed. In fact, they orchestrate it.

Now that I have issued my occasional warning, aside from the cracks in the foundation that may be developing, the indicators tell me to remain bullish.
 
Nothing that I know of in Hawaii yet. But then I wouldn’t expect to know until it’s too late. However AMTV is shouting it loud & LIVE right now. He is in the know. Though his motive could be crypto. Just saying.
 
Nothing that I know of in Hawaii yet. But then I wouldn’t expect to know until it’s too late. However AMTV is shouting it loud & LIVE right now. He is in the know. Though his motive could be crypto. Just saying.

Yes, he's one of the ones I'm hearing from, but there was another I heard today. It's not getting much attention beyond that, assuming it's for real. I am hearing that DB may default as soon as Monday. But even if does, will we hear about it? Or will the powers that be suppress it until a later date?
 
some are writing that this is the next problem.

https://www.wsj.com/articles/a-45-0...are-going-underwater-on-car-loans-11573295400

Consumers, salespeople and lenders are treating cars a lot like houses during the last financial crisis: by piling on debt to such a degree that it often exceeds the car’s value. This phenomenon—referred to as negative equity, or being underwater—can leave car owners trapped.

There are so many problems. Student debt is another one. My wife worked at Universal Studios here in Orlando and there were many employees with 4 and 6 year degrees making not much more than minimum wage. Most could only get part time hours. She said that it wasn't unusual for some of her co-workers to ask for loose change among other co-workers because they could not afford gas or buy food to the extent they wanted to. And if you had a family...well, that's tragic.

https://www.sgtreport.com/2019/11/nearly-half-of-all-u-s-workers-are-low-wage-with-18000-salary-best-economy-ever/
 
The bears tried to take the market down early in the trading day, but the bulls fought back for a mixed close.

Nothing has changed with my indicators, however I should point out that cumulative breadth is weakening. It's still bullish, but slowly trending lower. We could see a pullback soon, but I don't know that it will amount to whole lot. Overall, the picture remains bullish.
 
Oh Braddah, At middle age I flew up there and rode the Hulk repeatedly, then head over to Busch Gardens to ride the Shiekra multiple times. I didn’t know who I was, and didnt care.
 
The market is tracking sideways at the moment. Could be setting up for another move to the upside.

Breadth remains positive, but continues to slowly weaken. The CBOE remains bullish. Everything else looks rather neutral.

The bulls remain in control, but the market may be slowly coiling for another push higher. I remain bullish.
 
There are so many problems. Student debt is another one. My wife worked at Universal Studios here in Orlando and there were many employees with 4 and 6 year degrees making not much more than minimum wage. Most could only get part time hours. She said that it wasn't unusual for some of her co-workers to ask for loose change among other co-workers because they could not afford gas or buy food to the extent they wanted to. And if you had a family...well, that's tragic.

https://www.sgtreport.com/2019/11/nearly-half-of-all-u-s-workers-are-low-wage-with-18000-salary-best-economy-ever/

Student Loan Debt may be one of the largest drags on the economy out there! Hate to think where I would be today if my parents didn't pay for my tuition to get me through school. Think of all the goods and services these kids can't afford to buy due to the student debt they owe. Cars, houses, furniture, boats, etc. I believe the economy would be rolling without this debt.
 
Yeh- and to think most civilized European nations are able to educate their youth without charges, loans or debt.

Too bad we don’t learn to be more like successful others with our national priorities.


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Successful is not a definition of a culture that allows payment / negative interest for saving money! That is EU / multinational failure defined in economic terms.

I paid for my son's education because I did not want him to be trapped in debt and because I could afford it.

With God's grace, he has a BS in CS from a State Tech U and is doing very well.

It is the Fed Gov backing of loans that have insured College prices to go exponentially higher and promote further Socialist / Communist / Globalist World Domination and indoctrination of our children.

I respect you and your opinions, but they are extremely political and negate the fact that we will probably not be able to save European folly again, because they have already fallen to Socialism / Communism / Cultural Islamic Jihadist cultural assaults, probably soon to become the global UN dominated states..

I could say more but, this is extremely POLITICAL I don't think I have ever ventured into the political issues area, unless you are offended by my affirmation that JESUS is our LORD, who saves us through his Devine love, mercy, grace and sacrifice from our prideful inequity.

However, if you can say that, I must say this, especially because the myth of the successful Norwegian socialist experiment are inaccurate and outdated and a dangerous talking points similar to the leftist /globalist wish for a recession to turn the tide of the upcoming election. which effects our TSP retirement accounts.

Sincerely written with prayers and best wishes for all.
 
We have a Central Banking system that is debt based. They encourage debt...lots of it. It is what keeps us enslaved without physical shackles. And not just us, but most countries around the world. Our Federal Reserve is not "Federal" and is not a part of our country. It is not bound by our laws or accountable to we the people. It is a parasitic entity that masquerades as something it is not. And it is part of a much bigger creature to include the ECB, IMF, BIZ, etc.

This country did not have a Central Banking system before 1913. It was ushered in covertly and we have been stuck with it ever since. That will change, god willing. It is part of the old Babylonian system from biblical times. It does not serve us or God, it serves the beast.
 
It is the Fed Gov backing of loans that have insured College prices to go exponentially higher and promote further Socialist / Communist / Globalist World Domination and indoctrination of our children.

Yep. The universities should have their own skin in the game. They should compete with each other for our students dollars.
 
Yeh- and to think most civilized European nations are able to educate their youth without charges, loans or debt.

Too bad we don’t learn to be more like successful others with our national priorities.


Sent from my iPhone using TSP Talk Forums
"Here-Here" (or Hear-Hear?)!! At the very least, student loans in general should be very low interest rate with extremely reasonable and flexible terms, and GOV-backed on progressive scale for those of little or no means, credible backgrounds and nationally-beneficial degree fields. (I hear the other opinions on this, yet I don't think these ideas are mutually exclusive - such a large-scale and multifaceted issue - can be reasoned out with more detail among reasonable & objective citizens)... This, as other things, are or can be "smart" costs that are actually very fruitful investments by society & government. Evil, and the evil one are lurking everywhere sneakily, lest anyone get too comfortable with with a given position or public issue or idea. Alas, at end of day I must give it all up to Him and pray for all to be used to His glory & purpose.
 
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