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
Robert Scheer: The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street
The former Editor of Ramparts takes on both parties and how they sold out to Wall Street that is even now partying and bonusing on their former mistakes.
Charles Gasparino: Bought and Paid For: The Unholy Alliance Between Barack Obama and Wall Street
How Wall Street Backed the Administration and Got What It Paid For
« April 2018 | Main | June 2018 »
Weekend May 6 2018
It appears that the market is finally signalling its intent.
It appears that the fourth wave of the larger fifth wave up is now ending.
this suggests the market had a fifth of the last fifth wave or five or five left from the 2009 low. In that case the rally would finally end.
If Wave One shown lasted from Feb to August, this last five of five might extend into, yep
The November elections.
NYSE A/D Five Wave Pattern
Friday May 4, 2018
The 400 pint reversal Friday was impressive, until one examines the chart of the market.
What we really have is a pattern of lower highs. The 400 point reversal did not come close to challenging the down trend line.
Looks like we are setting up for a more important test of the 200 day MA.