The Great Depression

  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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November 25, 2011

Comments

valentin tristan

If i was in the desert and all I saw was thr $NYSI chart, this is what I would Think. Clear downtrend define and established with the 50ma average below the 200ma since May. This shows me true weakness of the market. Then a voilent rally up but even with this rally the 50ma couldn't even cross the 200ma. Truly still a weak market. Macd turning down suggest more weakness ahead. with the 50ma unable to take out the 200ma with the recent rally suggest that it will test the bottom again and the 200ma becomes a tvery formable resistant area to be reckon with later. Rallys are shoter then selloffs.Then you got everybody expecting a santa claus rally. Perfect set-up for the bear camp. I wnt tothe swtores today and with the exception of best Buy, WalMart and Target most of the stores were empty but most people were not buying. Consumers wanted deals before they open their wallet.

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