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  • 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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August 19, 2021

Stock Sell Off Gets Underway

Thursday August 19, 2021

Screen Shot 2021-08-19 at 4.33.28 AM

We have expected a sell off lasting at least into mid Sept. It is getting underway now. the 1200 day MA is 32542 which seems a reasonable target.

Bond prices are still stuck in a narrow range. Oil prices are weakening, we may see the mid 50s in the next month.

Yahoo.com has been featuring various famous women in the latest 'swmsuits' which is to say near nothing. This is to be expected at DJIA 35,000.  Higher stock prices result in frisky fashions. Today's WSJ features a return to the Fllapper look of the  1920s. Consider this photo, an interesting near century anniversary.

Screen Shot 2021-08-19 at 4.22.12 AM

Posted at 05:42 AM in Bonds, Stock Market |

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