The Market Perspective: February 2022

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

June 2023

Sun	Mon	Tue	Wed	Thu	Fri	Sat
				1	2	3
4	5	6	7	8	9	10
11	12	13	14	15	16	17
18	19	20	21	22	23	24
25	26	27	28	29	30

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

« January 2022 | Main | March 2022 »

February 2022

February 03, 2022

FB having trouble moving to META, the market reacts harshly. We have said for months that this handful of stocks were holding up the NASD. Now that less than 15% are over their 50 day MA the reaction to negative news is sudden and dramatic. See below.

AMZN

Pay phas been falling for some time and it also had a gap down todayu.

Pay Pal extends its downward streak.

UNG Nat Gas got ahead of itself with gaps on the chart, correcting today

such moves erode lots of wealth in a hurry

Posted at 09:45 AM in Energy | Permalink | Comments (0)

February 02, 2022

A Weak Wave Two Rally

Wed Feb 2 2022

The upper panel is the modest rally in the NYSE since Jan 25. The main panel is the declining volume across all this time period.

So we are having less and less interest as prices barely register up moves. The next big move is likely down.

UNG third waves are amazing

I should have added big time at the second wave

low Jan 24, making money but oh this is some rally, this suggests that if this is just a larger Wave One, nat gas could rally all year.

Posted at 04:56 PM in Energy, Stock Market | Permalink | Comments (0)

The Market Perspective

Market Commentary by Dennis Elam [email protected]

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