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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August 06, 2012

Comments

Valentin Tristan

You did tell me that this rally would take us to spx 1400. Well it finally has arrived and you were right, but it was a rough ride for the spx to make it 1400. I do not think most investors had the guts to stay for the ride. I believe you made that prediction to me outside of school in the parking lot. The spx was around 1340. congradulation on your prediction. Now tell me what will happen leading up to the November election and where we will be at that time. LOL. I believe your quailtify to be called a GURU.


I have learned alot from you. You have filled in some missing pieces to the puzzle for me.
Thanks.

Dennis Elam

Valentine

Thanks for your continuing interest in the markets, I wish more students showed the same degree of interest.

The market summer rally is just getting started. TLT and bond prices are collapsing as Safe Harbor investors scramble to get on board. This reverses the flow of money out of stocks and into bonds which has been going on for months. My guess is that the market quickly slices through 1420 as I am reading that number on a lot of sites. As you know I prefer to identify potential market tops using the summation index or the A/C volume indicator along with bullish percent.Recent posts feature targets for those internal indicators. See the update later today or in the morning. A positive stock market can help the incumbent if it lasts into the election That is too close to call at the moment.

From a qualitative standpoint I don't think the negative ads on Romney add any luster to a sitting President.

Having said all that, there is easily enough money in bonds and dividend stocks to power the market a good deal higher.

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