Wed Sept 14, 2016
Markets dislike uncertainty. This is clear by the whipsaws on display this last week. Let's stroll through today's WSJ , the news is here for all to see, the job of a socionomist is to point
out where mood is pushing social action.
Look for Elizabeth Warren to have a go at WFC CEO John Stumpf, who just fired 3,500 employees for apparently doing what he wanted, creating credit cards whether requested or not
Trump pivots to Presidential, Hillary is off the trail, Ivanka rolls out child care credit stealing a traditional Democrat ploy
Iran continues testing the US by threatening to shoot down two US Navy planes
Russian Hacker Fancy Bear steals olympic medical data
Mitch Daniels warns of debt binge, Congress yawns
Clinton's Pagliano simply ignores a Congressional subpoena
China on money printing binge
After a one day respite on Monday from Friday selling, selling resumed Tuesday
The markets have not taken out support quite yet which is about 2100 for the December S & P but I do not expect that to hold
I recall John Murphy writing in late 2008 that the selling should have occurred in late 2007, but I do not recall his sell signal
It is relatively easy to head to cash now while markets are still elevated.
The weekly SAR PAR sell signal is at 2118, the index closed at 2127 yesterday, I would rate risk very high here.
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