nnuut
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So am I, until I see a turn around. :worried:
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Mayday's Account Talk
- Thread starter mayday
- Start date
mayday
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mayday
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mayday
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mayday
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mayday
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mayday
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http://www.incrediblecharts.com/tradingdiary/2009-09-18_markets.php#sp500
Important graphs to ponder.
Important graphs to ponder.
mayday
Active member
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around [the banks], will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered."
"I place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt."
--Thomas Jefferson
"I place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt."
--Thomas Jefferson
mayday
Active member
http://www.tsptalk.com/mb/showpost.php?p=230444&postcount=6526
I like the read on the 2012 Doomsday you dug up Tom. It reminded me of a quote Mark Twain once said. "When the end of the world comes, I want to be in Kentucky, because everything there happens 20 years after it happens anywhere else."
I like the read on the 2012 Doomsday you dug up Tom. It reminded me of a quote Mark Twain once said. "When the end of the world comes, I want to be in Kentucky, because everything there happens 20 years after it happens anywhere else."
mayday
Active member
The government was forced to assume massive amounts of private debt just to keep the economy functioning---to this day, the government continues to prop up the entire monetary system. Those pre-teens at the wheel are stepping on the gas and trying to steer the car back onto the road. This has made it appear that they have the car under control, but in reality they do not know where the brake pedal is, nor do they know how to negotiate a turn, much less how to extricate themselves from this dire situation. The gas they are pumping into the engine is preventing it from stalling, but it isn't creating jobs, it isn't building factories, it isn't creating new products. It is simply coursing through the financial markets and sending the stock market to the moon. And, of course, piling up in vaults of banks who refuse to lend it to businesses to create factories and jobs. They know nothing.
The actions taken by the pre-teens in charge are simply setting the economy up for an even bigger crash in the future. They have not addressed the real problem---too much debt---at all. Private debt has become public debt. The average American household now has a total government debt obligation of around 1¼ million dollars and growing rapidly. And, what do we have to show for that massive increase in total government debt? Nothing, zilch, nada. The banks are flush with cash, but they aren't lending. There can be no recovery until that debt gets into the hands of investors who will spend it on building companies which create jobs. And, that's just not happening.
The actions taken by the pre-teens in charge are simply setting the economy up for an even bigger crash in the future. They have not addressed the real problem---too much debt---at all. Private debt has become public debt. The average American household now has a total government debt obligation of around 1¼ million dollars and growing rapidly. And, what do we have to show for that massive increase in total government debt? Nothing, zilch, nada. The banks are flush with cash, but they aren't lending. There can be no recovery until that debt gets into the hands of investors who will spend it on building companies which create jobs. And, that's just not happening.
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mayday
Active member
Wednesday, September 23, 2009
Rarified Air For Stocks
The market got whacked when it poked its little head out of the ceiling Wednesday. The 20-odd-point selloff in the S&P 500s startled the complacent bulls out of their fantasy about the economy's recovery. The truth of the matter is that a recovery in stock prices and earnings is definitely not a recovery in the real economy. The Obama Administration would love for everyone to simply take the Dow Jones as the barometer to watch for the economic recovery, but the truth of the matter is that this is not only a job-less recovery, it's a continuing job-loss recovery as jobs continue to get whacked in the face of corporate profits coming off the floor.
One of the problems with the recovery is that Obama has barely pushed any of the $787 Billion in stimulus money into the economy yet. Even if $787 Billion were enough to restart the economic engine (it's not---we need at least a trillion dollars more and directed at Main Street instead of Wall Street), less than 20% has actually gone into the real economy (there's no telling how much of the stimulus money from the bank bailout has gone into the stock market, though). The profits corporations have been reporting have been due to layoffs cutting their costs, not increasing revenue numbers (those have been falling). This economy isn't in recovery, it's simply playing one on television.
Obama is losing support from almost every group which supported him in last year's election. Some say racism is the reason, but that doesn't explain it at all (why would a racist have voted for Obama and then changed her mind after Obama spent a few months in office?). No, Obama is showing himself to be a very poor President and the public is just beginning to realize that while he talks a great game (we agree with almost everything he says, by the way), he simply doesn't follow through with action. In fact, so far, he reminds us of Jimmy Carter, who is a wonderful person, but was a truly horrid President.
And, considering how much time Obama spends on television, we'd have to say he plays being President on TV a lot better than he does in real life.
Rarified Air For Stocks
The market got whacked when it poked its little head out of the ceiling Wednesday. The 20-odd-point selloff in the S&P 500s startled the complacent bulls out of their fantasy about the economy's recovery. The truth of the matter is that a recovery in stock prices and earnings is definitely not a recovery in the real economy. The Obama Administration would love for everyone to simply take the Dow Jones as the barometer to watch for the economic recovery, but the truth of the matter is that this is not only a job-less recovery, it's a continuing job-loss recovery as jobs continue to get whacked in the face of corporate profits coming off the floor.
One of the problems with the recovery is that Obama has barely pushed any of the $787 Billion in stimulus money into the economy yet. Even if $787 Billion were enough to restart the economic engine (it's not---we need at least a trillion dollars more and directed at Main Street instead of Wall Street), less than 20% has actually gone into the real economy (there's no telling how much of the stimulus money from the bank bailout has gone into the stock market, though). The profits corporations have been reporting have been due to layoffs cutting their costs, not increasing revenue numbers (those have been falling). This economy isn't in recovery, it's simply playing one on television.
Obama is losing support from almost every group which supported him in last year's election. Some say racism is the reason, but that doesn't explain it at all (why would a racist have voted for Obama and then changed her mind after Obama spent a few months in office?). No, Obama is showing himself to be a very poor President and the public is just beginning to realize that while he talks a great game (we agree with almost everything he says, by the way), he simply doesn't follow through with action. In fact, so far, he reminds us of Jimmy Carter, who is a wonderful person, but was a truly horrid President.
And, considering how much time Obama spends on television, we'd have to say he plays being President on TV a lot better than he does in real life.
JTH
Well-known member
Thanks, I've been waiting for this market to agree with me :toung: since the 16th when the Dow Jones Transportation Average put in a candelestick Doji.
As for SPX, if we break through the 20 MA and yellow trendline, then I'd like to see a bounce off the 50 SMA/EMA which are both at the same level. Based on time, I'm wanting (pretty please) for that to happen in October, so we can reload our IFTs.
But regardless of what I think, this market will do what it wants. Still lovin my F-Fund though...
View attachment 6842
As for SPX, if we break through the 20 MA and yellow trendline, then I'd like to see a bounce off the 50 SMA/EMA which are both at the same level. Based on time, I'm wanting (pretty please) for that to happen in October, so we can reload our IFTs.
But regardless of what I think, this market will do what it wants. Still lovin my F-Fund though...
View attachment 6842
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