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Stocks are deja-vu-ing once again - just like they did on Monday...
Oil ain't buying it...
Bonds ain't buying it...
Credit ain't buying it....
Charts: bloomberg
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ALL HAIL CHUMBA
S&P bounced off support at the low this morning so expect moar gains from here
That support being the trend line starting at last October low
The thrill is gone....
https://www.youtube.com/watch?feature=player_detailpage&v=4fk2prKnYnI
wow, this "technical analysis" lingo sounds so kewl - do algos speak it too?
Somebody is "buying" it
Transitory, bullish!!
Whatever happened to the threat level thingy anyways?
Cramer saId he hasn't peed his pants yet, so don't panic...
I wonder how the everyday proles of the EU are doing now that their euro has crashed 25% since last year.
So if stocks often diverge from credit, how come both are around unchanged YTD? It's a mystery wrapped in a riddle!
Bullardish!
Should be completing a drop to a 4 position, around 2000 + for the SPX. Then the run to 5, after that, look out below. Just my thoughts.
Spiritual, Intellectual & Physical Poverty
Poverty is a function of feudalism, the path of least resistance, employing artificial scarcity to maintain control. It’s the lazy man and lazy woman’s economy. Feudalism doesn’t give money to landlords and keep tenants on the edge of poverty, with government grown in the middle for the purpose, by accident. Lazy, fat and stupid is a dangerous place to be, and empires feed on reaction, so keep your distance.
Cops are hired, many at subsistence wages, to physically manage the stupidity, with every opportunity to participate in the corruption, to feed themselves. Not all cops follow the path paved before them, and not all cops are morons, but you might no want to expect cops as a group not behave like cops, who swim in corruption, protecting and serving landlords at the expense of tenants. City managers employ cops the way they do in Ferguson, and most everywhere else, because they are paid, very well, in debt, to arbitrarily assign debt, turning costs into investment revenue, with the magic of accounting.
Public education confirms feudalism, with History books written for the purpose, and rewards for the behavior. The ’Founding Fathers’ didn’t escape feudalism; they rebranded it, with the benefit of massive natural resource wealth, to discharge. And despite every attempt to prove scarcity along the entire artificial demographic ramp-up, there remains excess housing, food and clothing. America doesn’t have the largest and least effective military, prison, healthcare, and education complexes on the planet by accident.
Good versus evil is a political parlor game. What you are looking at is stupid versus stupid, looking at itself in the mirror, hoping to draw you into the war. Just because Europe has mired America in the same spiritual poverty of feudal History does not mean that labor is so disabled.
All this crap is fixable, but change is not a function of intellectual or physical prowess. Adaptation is a function of the spirit, which is what kids are for, why you have children when the majority fears to do so, and why the critters want yours, for extortion. Draghi is welcome to assume that labor is contained by feudalism, that there is no shortage of workers that may be replaced by machines, which is what all the nonsensical data is designed to confirm, consumer confidence.
Government is a consumer, not a producer. Printing more money for shovel-ready jobs is not the answer to the problem of artificially high rents and artificially low wages, except in the empire. The critters should put down their shovels, but they won’t, because that’s all they know. Place GDP on a fulcrum and you will see the problemsolution.
Empire is always run by juveniles, consumed by their own History, never leaving their own back yard, assuming it’s the universe. The majority always believes that majority vote may consign your children to State property, a problemsolution that solves itself.
Don’t disable yourself because the majority chooses to do so, replacing itself with machines and voting to do the same to you. Empires replace themselves on a regular basis accordingly. Hitler was neither the first nor the last moron in History to assume that machines, and the pseudo-scientists building them, were the answer, to the same problem.
Whether capital is the beginning or the end of the cycle is a matter of perspective, but insurance against the future always ends badly, which is what SMART technology is all about, controlling thought. That Cloud, the umpteenth derivative of work done 75 years ago, is brains on drugs.
Labor doesn’t compete with labor to efficiently become redundant and replaceable, and just because a government labels an organization as a union doesn’t make it a union. Labor disassembles and reassembles, employing gravity for the purpose, well beyond the myopic empire, in the private economy.
...I aint buying, either.
There's news in the news today. That's bullish for stocks.