Posted on 10/02/2011 6:46:47 AM PDT by Kaslin
Mr. Market isn’t very happy right now. When I walk the streets of Chicago and talk to people that I meet they are hopeless. There is no way out. A growing sense of impending doom is on the minds of everyone.
One person told me yesterday we need a good Democratic candidate.There will be no such thing. There is no one in the Democratic party that thinks much differently than Obama. Creeping socialism isn’t a policy for growth.
On the other side, no one is really jazzed about the Republicans either. You can punch holes in each one of them-but they are all better than the current occupant of the White House.
The headwinds are huge, and the fiscal policy response by Obama was the exact wrong medicine to try and get us through the storm. Technicians that I know are extremely bearish.
Look out below next week. Most big market ($SPY, $ES_F) declines happen in October.
SPDR S&P 500 Price Stock Chart by YCharts
($QQQ, $NQ_F) The Nasdaq hasn’t fared much better. It might lead the way down.
QQQ Price Stock Chart by YCharts
The fat lady is singing.
Indiana is offering $CME 150M/yr tax break to move headquarters. Florida, Texas, and Tennessee are also suitors. CME has never said anything about Indiana before(to my knowledge). Illinois legislators better make the state tax free for CME or lose them.
Handicapping the Supremes on an Obamacare ruling.
The SEC on market structure. Refusing to acknowledge fragmentation as cause. Blaming it on fat fingers!
70 kids. Maybe this is why our government is so screwed up. All came from the same donor!
Real map of the US.
Stock buybacks are Keynesian
Huckabee? He hasn’t a chance. This is not a social conservative year.
Raghu Rajan says banks will lend again. I thought they already were according to Congressional testimony. But it must be only to the US Treasury.
Why North Dakota is booming. Also has low taxes.
Watch the Gold-Platinum spread. ($GLD, $GC_F)
With the outbreak of listeria in cantaloupes, and the recall of romaine lettuce. How safe is the US food chain?
We’ve had a Huckabee presidency already, the first term of Jimmy Carter.
I've noticed that. Why does that happen?
Republican candidates are being savaged and torn limb from limb by many of the same people who swooned over the chance to vote on a four year blind date with a man who doesn’t have a birth certificate and said he wanted to fundamentally change the country.
Look folks we’ve lived off the fat of winning WWII for too long. We were the only developed industrial power to come out of it intact. Collectivey we made a fortune. Now it’s been spent.
Time to compete.
kjo wrote:
Look folks we’ve lived off the fat of winning WWII for too long. We were the only developed industrial power to come out of it intact. Collectivey we made a fortune. Now it’s been spent.
Time to compete.
..... True words. The cornucopia has been emptied by the leftists.
There’s a theory put forward by Robt Prechter at Eliott Wave Theory that postulates that markets are irrational and driven by herd instincts. Optimism and pessimism are not based on events or even analysis but feelings. And feelings change and go up and down and move through the population in waves. Something, anything really, can set it off. Based on that theory I always figured that summertime is a time of optimism and hope. But once the Autumn comes along the weather turns cold and the days get shorter and for some people the gloom sets in. And then everybody gets caught up with it and the stampede for the door starts. Anyway, that’s the best I can do this Sunday morning to answer your question :))
Well, THAT’S depressing. I think I’ll go sell something.
$10,000 question
Why those so called genius market analyst do not see a pattern, as they are pattern followers?
The more zero, the more Democrates, the less market...
$10,000 question
Why those so called genius market analyst do not see a pattern, as they are pattern followers?
The more zero, the more Democrates, the less market...
I’m jazzed by the declared conservative GOP candidates.
If Sarah Palin joins the fray I’ll be jazzed by her, too.
I’m also jazzed by the mere thought of Obama losing the election next year.
$10,000 question
Why those so called genius market analyst do not see a pattern, as they are pattern followers?
The more zero, the more Democrates, the less market...
Adding public debt is persistently
creating a less than 1:1 return in GDP
Not a good thing...
YOY Annualized change in GDP vs YOY change in Public Debt
Then they over spend their budget and can't pay off their credit cards. Never ending cycle.
>>>Look folks we’ve lived off the fat of winning WWII for too long. We were the only developed industrial power to come out of it intact. Collectivey we made a fortune. Now it’s been spent.<<<
Interestingly, I just had to tell my 13-year-old son that his generation is just pissing away his patrimony. Had to explain the meaning of “patrimony,” but I did get a distinct enlargement of the pupils once he realized that everything he thinks as normal is the result of all the hard work of previous generations, and without hard work, all of this could vanish very quickly.
You’re spot on, buddy.
Harvest time. Money leaves the Street to pay for agricultural commodities.
See Lombard Street by Walter Bagehot
Also see The Work of Wall Street by Sereno S. Pratt
[Let's make believe you posted this in 1969] I agree. I sure hope all us 20-something Baby Boomers don't forget that we're livin' this good only for now because most of the rest of the world's industrial capacity was destroyed in the war and it's pretty much been rebuilt better than ever. I sure hope we don't just start borrowing money to keep the party going, 'cause there will be hell to pay 30 or 40 years down the road.
“Was it over when the Germans bombed Pearl Harbor? “
Done in your best John Belushi voice of course ..:oP
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