The Market Perspective: The Low is Not in Yet

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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Columnists - Thoughtful Reading

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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

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June 15, 2022

The Low is Not in Yet

Wed June 15, 2022

The XLI ETF is a great proxy for the Dow Industrials. ONe can see the double top of Nov and January and now the gaps from maximum mood nearing the end of the sell off.

PMO is folling over atain and it may well take until sometime next week to start bottom fishing for a ocunter trend rally.

Check out page B 11 in today's WSJ, it is the list of new lows, wow. Again we are getting to a bottom.

I am going through my list of major ETFs and they all show gaps the last four days. FANG has been cut from 8,00 to 4,750 since November.

The Market Perspective

Market Commentary by Dennis Elam dennislelam@gmail.com

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