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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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October 31, 2021

Are We at the Tipping Point?

Weekend Oct 31 2021

Screen Shot 2021-10-31 at 6.57.42 AM

Participation or breadth, the percent of stocks advancing, has been in decline since april. The market experience a wave two pop this past week but PMO suggests that is already fading.

A few large stocks FANG, Tesla, have held up the averages.

bullish Percent of  NYSE shows the same pattern and a probable top now.

Screen Shot 2021-10-31 at 7.04.25 AM

Biden has lost the support of Brett Stephens with  the NY Times. He calls for a total replacement of Biden's advisers. Peggy Noonan casts similar doubt in her WSJ column this weekend. This  lack of confidence, social mood, is spreading from concern about the country to the markets.

Posted at 08:07 AM in Socionomics, Stock Market |

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