The Market Perspective: October 2018 Versus Now

The Great Depression

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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The View from Abroad

National Post
Canada
Reuters
The Day's Top Stories
Straits Times
Singapore
Pravada
Moscow
Jerusalem Post
Jerusalem
Financial Times
London
Speigel Online
Frankfurt

Columnists - Thoughtful Reading

Professor Tom Sowell
Perhaps the best mind in America
Ambrose Evans Pritchard of the Telegram
The real story from Across the Pond

Economic Sites and Blogs

The Price of Everythning
Tim Price reflects on markets from 'across the Pond.'
Yahoo Finance
Still the go to site for market data and links to company profiles, websites, and financial statements.
Zero Hedge
Tyler Durden's site is harder edge than most, serious stuff.
Market Watch
The Wall Street Journal continuously updates with news and article links.
Business Insider
A sort of National Enquirer look at Business Around the World.
Mish's Global Economic Analysis
Mish Shedlock's economic analysis.

Reminiscences of a Stock Operator

Edwin Lefèvre: Reminiscences of a Stock Operator Annotated Edition

Bought And Paid For

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

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May 13, 2019

October 2018 Versus Now

Monday May 13 2019

Fall 2018

As always most of the move happened in the final frenzy of December, a basic socio tenet.

Now as then price quickly moved below all the MAs. It then rebounded and failed. It then rebounded staying in the same 21,500 - 26,000range. 24,500 is not that far off and PMO is still headed down in decisive fashion. My earlier wave count on the two hour chart was too optimistic. Lower prices ahead.

The Market Perspective

Market Commentary by Dennis Elam dennislelam@gmail.com

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