Archive - Dec 3, 2009 - Blog entry

For those of you still pondering Dubai or do you sell, you're missing the rally of a lifetime.

Simultaneous bearish signals registered across Market Internals (TICK, VOLD, ADD, VIX) at exactly 3:27 pm, which directly presaged 5 increasingly greater TICK lod readings that registered over the next 30 minutes; demonstrating an overwhelming desire to sell by market participants. Today’s bearish instance is a perfect exemplar of a practical nuance within technical analysis and just one of many which successful traders effectively employ on a daily basis.

Congressman Kucinich said today:"America is in the fight of its life and that fight is not in Afghanistan -- it's here ... We are deeply in debt. Our GDP is down. Our manufacturing is down. Our savings are down. The value of the dollar is down. Our trade deficit is up. Business failures are up. Bankruptcies are up."

Call and write your senator ... keep up the pressure to change insane fed policy.

White House press secretary Robert Gibbs set the rumor mills a-grinding with a statement earlier today that may be a preemptive strike against any surprise "uptick" in unemployment. But this would not be the first time the administration made such a leak.

I don't know if it has been officially declared here or not, so I will say it explicitly. Since Wall Street DOES NOT charge for their research, it is essentially a loss leader for sales. We all know this, yet we pretend that it does not happen. Well, it does. It's pervasive. It's explicit. It's now! The goal of Wall Street research is not to enrich the retail or institutional brokerage client, but to pave the way for the underwriting, sales and trading departments. Go ahead. Prove me wrong. I dare 'ya.

Here is a proposal that WOULD create jobs and stimulate the economy. It is very big and therefore would be effective. It would also be revenue neutral, something that no other plan can claim. What do you think?