Be cautious with the Dow, yes it is up close to a hundred points today, but it appears it may be making and Elliott wave for the downside.  38% retracement is at 13,366 and 50% is 13,411.  If hits either one of these marks and then falls, it's a good possibility a Wave is in progress.   20 day moving average is at 1...more

On the Dec Daily Chart, oil's trend is a SELL.  What's interesting is that it has come down to it's 50% retracement, which by all rights, it should then proceed upward, but it's moving sideways and still remains below the 20 day Moving average.   Oil is at a crossroads and can go either way but appears to be leaning...more

The Dow since June 4 has gained 1684 points.  The Dec Daily Chart, technically speaking, is a HOLD and is in a negative posture.  Since Oct 5 it has fallen 342 points.  A natural and normal 50% correction would take the Dow down to 12,700, but when reviewing the indicators, it appears that they have just about run thei...more

dharm   By your own admission, being surrounded by these "wealthy" people has benefited you, even though you have not contributed financially in any way.  The fact that you live in a well to do neighborhood has increased the value of your property which is a windfall for you, congrats.  Conversely, a poor neighborh...more

Cut out the MIddle man   Using figures from 2010, GDP was $15.094 Trillion and the Tax Revenue as a percentage was roughly 24%, double what you are stating.  I don't know what source you are using, but it seems to me it's off the mark, I can't believe the figures would be reduced by half  through 2012.   Based ...more

In an earlier post I noted that the Dow indicators were leaning to the negative side, well today was a breakout day to the downside.  It's been wanting to make this move since the end of Aug and today it finally happened.  All the major indicators are negative and the Dec Daily Trend was a BUY and now it has transition...more

First of all, Bill Clinton brought about his own demise because of his sexaul prowess, it had nothing to do with future Democratic President.    Bush's Presidency was not in keeping with a fiscally conservative agenda, the party strayed from Republican policies and increased spending to a much higher level,  a lev...more

Astrochronic   Absolutely correct, start with Glass-Steagall Act.

You watch football?  There are certain elements of the game that are elementary, such as run the ball and good defense.  When you throw the ball three things can happen and two of them are bad.  The point is, you can have teams that imploy the basic elementary strategy and SUCK AT IT.  They make no headway as a team, b...more