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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« Market up 500 Tuesday May 26 Open | Main | SPX 3,000 »

May 26, 2020


A.M. Putman

Looks like the 3000 area on the SPX is a major resistance. AD lines are starting to fall apart on the intraday charts. But even with today's small selloff, prices are staying way up in the upper part of the range. We are either getting close to a major selloff or a blow off top to 3140 area. I am still watching the top of wave two for an entry to the down side. Also keeping in mind that the markets are way overbought and the next wave down is overdue for sure. The past few weeks have reminded me of the old saying that the markets can remain irrational longer than a one can stay solvent. wink.

Dennis Elam

I agree Transports arebacking off and that index leads

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