The Market Perspective: Summation Indexex Bottoming

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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« Stocks Defy Negative Mood | Main | Yields on the Rise »

February 07, 2021

Summation Indexex Bottoming

Weekend Feb 7 2021

RSI at top of each graphy is turning up. PMO is approaching zero.

the newspapers and internet channels are chock full of stories of teenagers and even an 87 year old winnin g big on gamestop.

the bull market of 1982-2000 did not begin this way.

Two Februarys a year apart

I am not predicting a 12,000 point fall as we had a year ago but confidence is too high when 8 year olds are winning big.

Bonds

The rate on the 30year bond fell from 12-14% in 1982 to .0823% during the pandemic. thatr rate has already climbed to 1.974%, a doubling from the spike low bottom.

Expect a long term advance in rates profit with a buy of TBF.

Posted at 02:48 PM | Permalink

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The Market Perspective

Market Commentary by Dennis Elam dennislelam@gmail.com

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