Long-term view of the nasty 100. Price currently near the purple downtrend line. It may be significant or could mean absolutely nothing as have most downtrend lines recently.
Did the red and green lines mean absolutely nothing?
PARTY! NORTH KOREA! SATURDAY NIGHT! BYOF (bring your own food)
Lookin at them thar emergin markets. MSEMF is the underlying for EDZ (Sud's plaything, now mine too).
Daily looks toppy, but it appears to be working it off going sideways, riding the pasta.
Weekly view. Rejected at tunnel, cleared it, rejected at 200MA, now gotta decide.
The rising weekly 200MA at 878 is the last overhead bit of the weekly pasta ribbon (not shown). The 50% retrace of the entire bear is just above that at 896. A weekly close above that that isn't a finger/throwover could be horribly bullish.
If you tilt your head the right way, all the movement since the Oct 08 bottom looks like a giant ascending wedge, with a couple unfilled gaps (one still open from the 08 crash).
Quod Severis Metes
Your life is the sum of a remainder of an unbalanced equation inherent to the programming of the Matrix. You are the eventuality of an internal anomaly, which despite my sincerest efforts, I have been unable to eliminate from what is otherwise a harmony of mathematical precision. While it remains a burden assiduously avoided, it is not unexpected, and thus not beyond a measure of control. Which has led you, inexorably, here. You haven't answered my question. Quite right. Interesting. That was quicker than the others.
If you tilt your head the right way, all the movement since the Oct 08 bottom looks like a giant ascending wedge, with a couple unfilled gaps (one still open from the 08 crash).
don't know if the gaps get filled but emerging markets are going to follow the US which i think is in for a good correction, perhaps more before the year is out...i'm leaning pretty heavily short here and gots me some of that EDZ
universal health care will be good for the US stock market in the longer-term...personal expenditures going to the bottom line of insurance and pharma companies will be redirected to food, clothing, housing, transportation, leisure, etc...think about it...decent, affordable health care is a right not a privilege unless you live in most of africa, asia, south america...and parts of north america
i have conviction that the failure to pass such legislation, despite the money being thrown at both parties otherwise (congress by and large know who their masters are, and its not we the people), will hamper and likely cripple any longer-term economic recovery...cheers and...
A bubble can be resurrected, but the have-nots cannot: "We're told from various sources that there are 70 million Baby Boomers. Some say 75 million. Experts tell us this: between one third and one half of them will 'retire' with a net worth of: zero. Experts also tell us within ten years Americans on the bottom 50% of the US economic ladder won't be able to afford any sort of health care at all. At all.
So: we either nationalize health care, and dole it out sparingly, or we will find that 50% of the population as have-nots is more than enough people and more than enough social unrest to bring down a country." Market Witch
The next ten years looks like this: $9,000,000,000,000
A bubble can be resurrected, but the have-nots cannot: "We're told from various sources that there are 70 million Baby Boomers. Some say 75 million. Experts tell us this: between one third and one half of them will 'retire' with a net worth of: zero. Experts also tell us within ten years Americans on the bottom 50% of the US economic ladder won't be able to afford any sort of health care at all. At all.
So: we either nationalize health care, and dole it out sparingly, or we will find that 50% of the population as have-nots is more than enough people and more than enough social unrest to bring down a country." Market Witch
The next ten years looks like this: $9,000,000,000,000
But those 50% are home watching TV, or out unsuccessfully looking for a job, while a tiny number of loud folks claiming to represent the public are being focused on and made famous by the media. So we will see what will happen.
Now that the health care is an industry accounting for 17% of GDP and is attracting ever more capital and of course being capitalized making some very wealthy I would term it a bubble. However the current legislation plays out will not determine if the bubble pops. The range of possibilities of that legislation are pretty broad but might be summarized by how much more rent seeking by capital will result, a little or a lot.
The battle over the legislation is being played out so far above the heads of the partisans they may as well be on another planet.
Far more poeple could get better care currently for half the GDP amount easily, as a practical manner, but there wouldn't be much profit in it. So as a practical matter it won't be. If the industry cannot be a bubble then it will just collapse.
War is the last great hope of the incompetent to order the unwilling to attempt the impossible.
William Eastlake 'The Bamboo Bed'
Just read Taibbi's latest in RS on health care & legislative sausage-making (sorry no link, read the print version).
It's as good as the Goldman piece, and, impossible as it seems, even more appalling.
Quod Severis Metes
Your life is the sum of a remainder of an unbalanced equation inherent to the programming of the Matrix. You are the eventuality of an internal anomaly, which despite my sincerest efforts, I have been unable to eliminate from what is otherwise a harmony of mathematical precision. While it remains a burden assiduously avoided, it is not unexpected, and thus not beyond a measure of control. Which has led you, inexorably, here. You haven't answered my question. Quite right. Interesting. That was quicker than the others.
Now that the health care is an industry accounting for 17% of GDP and is attracting ever more capital and of course being capitalized making some very wealthy I would term it a bubble. However the current legislation plays out will not determine if the bubble pops. The range of possibilities of that legislation are pretty broad but might be summarized by how much more rent seeking by capital will result, a little or a lot.
The battle over the legislation is being played out so far above the heads of the partisans they may as well be on another planet.
Far more poeple could get better care currently for half the GDP amount easily, as a practical manner, but there wouldn't be much profit in it. So as a practical matter it won't be. If the industry cannot be a bubble then it will just collapse.
If by partisans you mean political parties you are right. The simple reality of how laws are made in the U.S. is that they are written by the highest bidder. Until and unless we have campaign finance reform-- such that the taxpayer finances Congressional campaigns-- it goes as follows. The special interest groups legally bribe Congress members of both parties by paying for their campaigns. In return for the legal bribe of campaign financing money, the Congress people invite the lobbyists of the highest bidding special interest groups to literally writes the legislation in their area of influence. So legislation that is supposed to be regulating that industry and protecting the consumer, ends up doing the opposite. Instead of helping, the legislation assists the industry in raping the consumer and taxpayer-- much as we have seen with Wall Street and the banks recently. (That is the most outrageous case, making it clear that even bankrupt banks can use this process to their benefit-- bribing Congress with borrowed money, while the banks themselves have only the appearance of being solvent, due to phony bookkeeping allowed by the laws their lobbyists wrote. An outrageous scam really.)
It has been this way for a long time. There is really only one party. The Special Interest Group Legally Bribing Congress party.
I watched a snail crawl along the edge of a straight razor. That's my dream; that's my nightmare. Crawling, slithering, along the edge of a straight razor... and surviving
I watched a snail crawl along the edge of a straight razor. That's my dream; that's my nightmare. Crawling, slithering, along the edge of a straight razor... and surviving
If by partisans you mean political parties you are right. The simple reality of how laws are made in the U.S. is that they are written by the highest bidder. Until and unless we have campaign finance reform-- such that the taxpayer finances Congressional campaigns-- it goes as follows. The special interest groups legally bribe Congress members of both parties by paying for their campaigns. In return for the legal bribe of campaign financing money, the Congress people invite the lobbyists of the highest bidding special interest groups to literally writes the legislation in their area of influence. So legislation that is supposed to be regulating that industry and protecting the consumer, ends up doing the opposite. Instead of helping, the legislation assists the industry in raping the consumer and taxpayer-- much as we have seen with Wall Street and the banks recently. (That is the most outrageous case, making it clear that even bankrupt banks can use this process to their benefit-- bribing Congress with borrowed money, while the banks themselves have only the appearance of being solvent, due to phony bookkeeping allowed by the laws their lobbyists wrote. An outrageous scam really.)
It has been this way for a long time. There is really only one party. The Special Interest Group Legally Bribing Congress party.
touche and lets put some term-limits on those congress critters...two 6 year terms for a senator and five 2 years terms for a rep maximum...it can happen right?
"Every Bubble ends in fear and panic. This one will too." --Machinehead, March 29, 2005
On September 06, 2006, TRE closed at $6.50. On September 19, 2006, CDE closed at $46.30 (adjusted for reverse split).
On Oct. 17, '06, Goldman (GS) closed at $183.07 (jickiss Sell) whilst Newmont (NEM) closed at $43.24 (jickiss Buy).
"Politics in America has become a playground of fictions. The politicians tell the public what the public wants to hear. Whether the question is social security, education, budget deficits or national security, the public wants to believe that things aren�t so bad." --Written by J.R. Nyquist, December 8, 2006.
"Private sector employees will never retire, they will work literally to death, dying sick broke and busted with absolutely no hope whatsoever." -- Shorty, on March 15, 2009.
"Luck is the most precious commodity in the world." Brisbane Bear, October 25, 2007.
"Luck favors the prepared mind." Mr. James Dines, back in the 80s, in "The Dines Letter."
"With Luck, anything is Possible, but without Luck, virtually nothing Good ever happens." --- The jickiss Mantra, sad but True.
