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  • 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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May 01, 2014

Economy Stalls, Market Correction on Horizon

Thursday May 1 2014

Economy Stalls First Quarter

Markets might be in for a 20% correction.  This comes from a source other than John Murphy. But he has suggested a top in May followed by a pretty good correction, noting we have not had one since 2011. This makes the point that teh 50 day MA is far enough ahead of the 150 day that it would take a 20% correction just to get to that level. I mentioned last weekend the distance to the 200 week MA would really set markets back but the market would still theoretically be in an uptrend. 

Posted at 12:58 PM |

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