In case you weren’t clear on the answer to the question “Has America gone nuts?” Allow me to lay the answer on you as a simple visual: As you c an see, we did a major decline from the all-time high of February 19th and we have been doing what in Elliott Wave terms is … Read More
The Fix Is In: Market will rally at the open this morning, but in the meantime, the president’s warning that the deaths will be piling up at faster than ever rates, has been displaced with a dandy sense of denial. Markets are working hard at creating “Greater Fools.” Let’s be logical, for a moment, though, … Read More
Reason to ask in an email from someone we know: “Is it just me, or is anyone else starting to take bets on if Facebook will survive this lockdown? I mean yeah, it helped pass the time and all in the beginning… but have you ever been stuck in a confined space full of morons … Read More
Since I’ve been posting about the return of Depression to America for more than 20-years – suggesting people do quaint things like pay off debt, get rural, invest in food, make some of your own power, live where there’s water…you know, stupid ideas like that – I’d like to offer some perspectives to anchor your … Read More
Think it’s been hard with the market decline, so far? Brace yourself. It could be getting a lot worse in short-order. This morning we focus on concrete actions you can take to reinforce your future, if all of our charts, particularly the 1929 replay chart, haven’t gotten your attention, yet. First up, a critical look … Read More
Is the Master of Disaster in the House? First thing out of the hopper today is the employment data from the Department of Labor. Here’s what their news release lays out. (Short version? Sucks) Total nonfarm payroll employment fell by 701,000 in March, and the unemployment rate rose to 4.4 percent, the U.S. Bureau of … Read More
Million case Thursday? We may get there this afternoon. Cases were up a little more than 10% Wednesday, and if it happens today, we could squeak over a million before midnight. Against the grim, the only press releases we figured that would matter this morning were these: JOB CUTS SURGE TO 222,288 IN MARCH; COVID … Read More
As COVID-19 sloshes around, we suggest some serious movie-watching as a tonic. Not that we’re not fans of high drama or spaghetti westerns…it’s period information we’re after. Because out present-day period is going away. Which year we “land in” will matter. “Duh movies” seems like an easy way to pick up a lot of historical … Read More