Financial topics

[Higgenbotham]

The strange thing is I had completely forgotten about McClellan's chart until you reminded me of it. Or even what date he had. I came around to it by a different process but it does look like it could be the end. Though this one ran out of gas at the end but you may remember the comparison I made from about 2 weeks back.

January 14 is indeed a curious date.

This was the Dow's close at the peak on January 11, 1973.
This was the Dow's close at the peak on January 14, 2000.
http://en.wikipedia.org/wiki/Closing_mi ... al_Average

I've read about the "Power of 14" in the markets where 14 is an important number. 14 years ago on the 14th.

Although there will be no formula that allows anyone to find the high. It's purely an unknown quantity at this time. I will meter in slowly and may miss seeing it when I blink or nod off to sleep. Or Dec 31 may have been it in which case I did.

[aedens]

Some log functions are simply unable to be rendered pointless as we know.
The current Venn diagrams being populated are difficult to express so people stand
on a line they cannot fathom as we did decades ago. As the arc of instability suggest
from reports we are in a compression market or to say different stroke of affairs.
The shift is in as it was noted carefully the TIP of the spear and certitudes we Austrians
assemble to understand.

The new age of union and the travail of the issues then @2:30 of time
https://www.youtube.com/watch?v=-aBIqDZdnOo

Very complicated trade agreements unfolded soon for aligned sane nations we hope.

Franklin explores his own intellectualism, and he fully converts to Deism. He adopts the ideals of "truth, sincerity and integrity," and as a means of debating these

We need the Letter to stand or we slip into darkness.

[Higgenbotham]

As the arc of instability suggest from reports we are in a compression market or to say different stroke of affairs.

My general sense is that we are facing something like what I have marked as the heavy red lines on these 1937 and 1973 charts. However, this has been taken much further and I question whether the initial descent will happen as a day after day affair or go "all at once". I suspect the latter, that we will blink and weeks worth of initial 1937 and 1973 declines will be gone in an instant in time. Another question would be whether it makes the last gasp at the end that it did in 1937 and 1973. That would perhaps imply a last gasp this week and I just don't know. The answer could well be yes; there is clear precedent for it in 1973 just from the pattern but that may be too simplistic. And there had been no crack at that time similar to that which occurred yesterday.

DJI_1937.gif (53.36 KiB) Viewed 3074 times

DJI_1973.gif (56.2 KiB) Viewed 3074 times

[Higgenbotham]

The last post may not have been clear. Fundamentally, it seems like the economy is similar to that of 1937 and 1973, where there had been a peak some years earlier and a recovery which was not on a good foundation.

The last peak in the 1937 and 1973 stock markets before a collapse ensued happened with an initial peak, followed by a flat market, then a final peak 2 weeks later that was a bit higher than the initial peak. The initial peak in the current market was December 31 and today is 2 weeks later. So timewise we are there. But as of yet the market has not made that final poke up above the initial peak that it did in 1937 and 1973. Will it do it this late in the game if this is really where things are? I just don't know. One guess is that since the market cracked hard yesterday and closed near the low, the answer is no.

[Higgenbotham]

One last comparison and then I'll shut up. An old guy who's studied markets for a long time told me today that the internal condition of the market most resembles July 23, 2007 in his opinion. He's talking more about buying versus selling volume and things like that.

The boxed areas look similar. Both 18 trading days. These time periods were compared a couple weeks ago with the HIndenburg Omens that appeared at that time.

a had also noted the 3 peaks prior to the dome in the boxed area on both charts.

2007.gif (30.46 KiB) Viewed 3061 times

NOW.gif (31.53 KiB) Viewed 3061 times

[aedens]

Some will never rest to provide what we can and should.
@1850 https://www.youtube.com/watch?v=-aBIqDZdnOo

Now they also perish from the famine of word. Syria is no different.
A simple Union broken and the wrong definition of moral hazard.

[Higgenbotham]

We mentioned this, but here it is done with a more professional presentation from someone who says he was mentored by John Templeton.

http://blog.kimblechartingsolutions.com ... djan13.jpg

[aedens]

Poverty Is America’s “Only Growth Sector”

A poor widow came and put in two small copper coins, which are worth a penny. Then he called his disciples and said to them, "Truly I tell you, this poor widow has put in more than all those who are contributing to the treasury. For all of them have contributed out of their abundance; but she out of her poverty has put in everything she had, all she had to live on."

[Higgenbotham]

Poverty Is America’s “Only Growth Sector”

Suicide is also a growth sector. I have found out about 4 in the past year or maybe two, all personal acquaintances at one time. One stabbed himself through the heart and another shot his daughter, then shot himself through the abdomen and heart. Both had been swallowed up by the family court system which is what led to the suicides. Another was a banker in a small community bank, not sure what led to it but he may have realized the whole thing is hopeless. He was retired. The last one was a kid who helped me out with drywall and stuff like that when I knew him and became a machinist but could never find any steady work, as all the tooling went overseas. Except for the last one, they were intelligent people with college degrees.

http://www.nytimes.com/2013/05/03/healt ... .html?_r=0

The best part of articles like these are the comments. The living will envy the dead before this is over. "Lee Houston, TX The people in this article claim they don't know why suicide rates have risen but the answer is obvious: people are losing hope because our government continues to destroy everything for their own interests. May 2, 2013 at 10:04 p.m. Recommended 363" Right on, dude.

[aedens]

Detroit goes begging as Obama Sends Money Overseas.

No reality in the Augean beltway stables.

Detroit Will Get Worse Before It Gets Better.

Ask Hillary how countless thousands they dumped there is working out. I consider it now a 1889 repeat in a few comparisons. Classic tale of Hubris and contempt.
Our case is east and west Michigan and perceived work ethics. Deeper national issues of induced policy since 1963 and mindless finger pointing.

TPP and comments are corn $4.00 soy $11.00 so you can see what point we are approaching some consider in conversations. https://duckduckgo.com/?t=ous&q=tpp+agricultural+policy

Earlier thought include Controversial wars in Afghanistan and South Africa undermined his public support. On 8 September 1879 Sir Louis Cavagnari, in charge of the mission in Kabul, was killed with his entire staff by rebelling Afghan soldiers.

He angered British farmers by refusing to reinstitute the Corn Laws in response to poor harvests and cheap American grain. With Gladstone conducting a massive speaking campaign, his Liberals bested Disraeli's Conservatives in the 1880 election. In his final months, Disraeli led the Conservatives in opposition.

As it was conveyed we have three choices with consequences.

Mischief shall come upon mischief, and rumour shall be upon rumour; Brethren, let's be thankful that there is no famine of the word of God right now.

I think about suicide every day. Divorced female, age 60, master's degree in social work. If not for my daughter, I'd be long gone by now. Have been trying to remain employed since being laid off from my job in 2009, and at age 60, it's beyond exhausting to keep trying. I go on interviews and can see in the faces of the very young people who are interviewing me that I am not going to get the job. I must sound younger over the phone. The savings and retirement funds are gone. After finding a decent paying per diem position as a hospital case manager last year, things finally started to get better. Although I did not receive benefits and was not in the union, I was able to work full-time hours. This week my hours were cut back to practically nothing. The hospital cites Medicare cuts, clawbacks, and the anticipation of implementing the Affordable Care Act as the reasons for the cutbacks in staff; so I'm back to where I started. I will be able to pay next month's rent and some of the bills, but unless I find something very soon, once again it's game over. There's not much point to my existence anymore, because things will not change for the better. I will only get older and I'm tired of struggling to survive. It doesn't surprise me at all that suicides have increased. I'm surprised more of us haven't opted out.

I have one across the street like that from the beltway when beauty faded she was divorced and came back home to get the house a few month before her step dad died who was a honorable man.
She has sold the House and as we noted this last July massive tax seizures ensues from the notices this July. God awefull to watch the human carnage.
As last year conveyed in the forum as an observation never have I seen this before on the amount.

We can give from abundance but stripped bare in Hubris to match that we can match there 10 years there in a Asian land ware is the totality of mindless beings.
As we noted functions exist in sane measures but we will keep those $%^^&*# voting fore us for 200 years.
I will have to try to locate Eisenhower's comment on the pillage they found after the War of silver and gold dental so any debate on intrinsic value is pointless.

Nothing new under the Sun ----- Partition of the mind ----- ascendancy of the lords of corruption

http://www.bloomberg.com/news/2013-12-1 ... egins.html

http://www.zerohedge.com/news/2014-01-1 ... ary-losses

Orphan structures noted as we did before.

Nothing promotes public confidence like fascist decrees. I agree

G. P. Gooch, “The Lessons of 1914-1918,” Current History (August 1934), pp. 513-514, 516, 520; see, the similar sentiment expressed by internationally respected Italian philosopher, Benedetto Croce, “Of Liberty,” Foreign Affairs (October 1932) pp. 1-2: “We remember the old Europe with its riches, its flourishing trade, its abundance of goods, its ease of life, its bold sense of security; we see today the new Europe – impoverished, discouraged, crisscrossed with high tariff walls, each nation occupied solely with its own affairs, too distraught to pay heed to the things of the spirit and tormented by the fear of worse to come. Gone is the gay international society once the pride of Europe’s capitals; extinct, or almost so, is the old community of thought, art, civilization.” Croce despaired, as well, that, “Impatience with free institutions has led to open or masked dictatorships, and, where dictatorships do not exist, to the desire for them. Liberty, which before the war was a faith, or at least a routine acceptance, has now departed from the hearts of men even if it still survives in certain institutions.”