Although we had a good-sized pullback in the market Thursday, it’s far from conclusive which way this pig-of-a-market will fly. The green and blue traces Mr. Artist (lol) has penciled in seem to be indecisive today:
The blue track is currently favored and the (crude, amateurish) small numbers lay out the Elliott possibilities for the blue track. Which would allow for some sideways today and into early next week. And then that “usually once-a-month thing” Peoplenomics subscribers know about, could set us on the path of Blues.
Conversely – the (lying, misleading) Fed (which hides data about The People’s Money from us) MIGHT be able to arb up the futures enough to take us higher on the “red path.” Explaining why a red track if there’s a strong rally to come? Ain’tcha ever heard? “The higher it goes, the further it falls?”
Fed’s Pants on Fire
If I owned a law firm – and was 20 years younger (which’d be 52) – I’d sue the Fed for a lack of transparency. Just as the U.S. “separation of Church and State” is an enshrined value, so too should be the separation of “Banksters and Money.” We don’t like theocracies worth a damn, nor crooked casinos, either.
The most recent Money Supply data was released on March 23. It used to be outed every week – and so it was clear based on how much gasoline the Fed was pouring into markets which was how “the fix was in.”
The Fed, no doubt, will offer the excuse that “It’s out dual mandate to maintain maximum employment (also referred to as minimum unemployment) and a stable inflation rate.
This is how the Fed gets “out of its lane” pure and simple. In a “stable inflation rate” we have a pretty good idea (based on economic cycles and GDP and such) that the stock market has been inflated 68% since January 2020. If you doubt me, you haven’t been looking at lumber prices lately.
To ensure its self-declared financial insanity, the Fed basis its work on the argument that inflation isn’t the “general level of prices” (which Keynes and other economic slackers believed. No, the Fed bases its jiggering of the books on “inflation less food and energy.”
Like you have an economy without either?
Don’t mean to take a bite out of the Fed’s ass (they can kiss mine): BUT Intervention in the markets is Price-Fixing pure and simple. When the data download joke put up to appease the public gives >month-old data, it’s abuse of power that was illegally wrested from Congress in the first place.
I suggest that even Congress does not have the right to abrogate founding documents. Amend? Yeah. Turn it over to a cabal of rich? Um…you really need help answering that?
Old men in the woods don’t count. Old men in Hungary, seem to. Along with old men in Washington.
Speaking of Stupid and D.C.
Didja see where “House approves bill that would admit Washington, D.C., as 51st state?” Once again, the razor-wire shit-for-brains coup has botched up normal.
Seems not to occur to anyone but us to wonder what will happen to the OTHER Washington – you know, the one out West – if Washington D.C. becomes the OTHER State of Washington.
Rather than argue “Washington One” (the Northwest one) or (for borrow from Coca Cola marketing “Classic Washington” how about something really honest, really transparent, and reflecting the spirit of Truth in Advertising?
Corruptoria has a nice ring to it. So does “Swampia.”
Runners up include “New Pork” “Taxus” and “Virginialess.”
Best of all, how about we call it “Emergency” – because every incoming president (or pretender) always renews the State of Emergency Declarations to extend “special authority” to puff-up illegal edicts. “Legal is what the Army backs up,” lol.
Don’t drop the soap! (I gotta start taking my meds earlier. ;-))
I’d ask if the country has lost its freaking mind but the answer is too obvious to even bother asking, anymore.
Chris Tyreman’s latest Step by Step Millionaire – on the Yin and Yang of getting to riches: https://www.youtube.com/watch?v=iRkrVWhDJvw
Very nice viewpoint and how to stay out of the ditch.
Drivel and Distractions
Rolled out for the sheep like it matters:
Teleprompter Joe – reading from Obama flash cards: “Biden administration cozies up to controversial UN agency for Palestinian refugees.” If you’re an American, have we got a plan for you! (Replacement!) Voter dilution is in play. God, what a scam and still the MSM can’t bring themselves to report on the takedown of America or the death of merit-based behavior…Sink the Values! Change all Rules. Laws are anti-democratic…blah, blah, blah.) Defund Biden and Congress, not police.
He said what? “Michigan Gov. Whitmer lied about travels before Florida trip revealed: ‘I was here in town the whole time’” Could it be? … is this Truth about Lying by an office-holder? Please…be a trend.
Missing the point, West Virginia coal miners blast Biden’s green energy push, says they’re ‘bracing for the worst’. Thing is, the worst has already happened and Slow Joe is breaking America as fast as the razor-wire coup crew can get it done. Can’t have American energy independence back. We got there and dropped the soap again.
Ure kidding, right? No. Read ““Way To Go Joe!” – Bonds Bid As Biden Tax Plan Tanks Stocks.” We are not alone. (Crazy? Well, yeah, sure, but at least not alone.)
Since most news is manipulated hype and other shit, how about LifeHacker’s advice “How to Actually Save Money Comparing Toilet Paper Prices.” We had a larger stock butt it got wiped out…
Climate Hype on CNN: (Say, was Project Veritas right?) “US announces ambitious cut to carbon emissions.” Whee! How about we induce global cooling by ending hot air on media and in Washington (or whatever they end up calling their state of confusion)?
Political Correctness is in the deep kimchee: Senate passes Asian hate crimes bill with bipartisan support. Well, except that Senate Dems block amendment defunding universities that discriminate against Asian Americans.
We expect a hate crimes bill to protect Bugravian refugees will be next. (If this makes no sense, you missed the adventures of Noge and Palock done by Coyle and Sharp. (Such is the high price of Youth…) “So zee boy muss wait for the three chimes of patience…” Advanced readers may explore Three-ism.
Wait…is Bugravian gibberish? Three-ism? Well, consider the Congressional Record…yeah, I mean you pony soldier.
NY Times Discovers “You Only Live Once” – YOLO: “Welcome to the YOLO Economy” Lack purpose and travel, my friends. That’ll fix everything, right? Don’t put down roots or make something with your hands. Naw… follow the herd into poverty. It’s The Plan.
Enemy of Gardening: John Kerry’s Climate Warning: ‘Even If We Get To Net Zero, We Need Carbon Removal’. What about Plant Rights – don’t they have a guarantee of CO2? We’re just trying to play ketchup with Kerry, lol.
Demographic Shift? Or, CV-19 jumpstarts Home Schooling revolution? California public schools see ‘sharp decline’ in enrollment.
And here’s something really odd: Is shooting someone who’s already dead really “battery?” A weird case in Florida commeth from Yahoo: “A Miami man killed an armed teen in self-defense. Why he’s still facing a criminal case”.
With an hour to the open, the stock futures are pointing to a soft rally, even though the Dow is down about 38, on an aggregate basis looks up. But we wonder who will be brave enough to hold over the weekend?
Rant: Arrogance of Microsoft
For no particular reason, out of the blue, I was unable to log into Skype yesterday. My saved password was no longer working.
So, I went to their support site only to find that you can’t “get the code” needed if you don’t have a cell phone. See, they wanted to send me a text. But – out here where the cells don’t shine – we don’t get cell phone service.
So I pissed away 2+ hours dinking around.
Then suddenly, with an update to Skype (which I’d tried earlier)_ my synching started to work and I could log into Skype by last night.
Unfortunately, and we’ve talked about this before, corporations like Microsoft have tanked phone support and thing apps can do it all when comes to such mundane tasks.
Truth is, the greatest case to tank all Office products – which I like and have used forever – is this arrogance about cell phones.
Has an odd feel to it, this discovery: Like when I was driven to begin online grocery shopping fully four months ahead of it being a potential life-saver when Covid hit in Jan 2020. We were “in the groove..”
Go look at “warhammer’s” post yesterday. Skeleton keys and all that. We used to wonder what life would be like if you couldn’t recover your passwords? Now, we know the answer.
It’s chintzy and arrogant to shut down landline password recovery.
Even worse? My “updated” security information and backup email addy won’t go active until May 22.
Slowly, from a prepping and forward survival standpoint, I’m coming to realize the “cloud” is a scam. And while big companies (MSFT and Adobe to name two) are trying to get subscription models right, others – like Corel – give an unacceptable number of pop-ups. Upgrade!! Upgrade!! (STFU)
My new thinking is that as the web blows up and as hacking increases as an adjunct to the “art of war” the less cloud and web use, the better. Anything “hosted” is now becoming suspect. Especially when I pay an annual fee for software that stops working when I need it (my Office accounts stopped synching).
Off the cloud is the slow-motion change. Too much too go wrong: Hacks, exposures, slow response, and unable to reset my password due to cell phone arrogance. You might want to do the same.
Even my Big Bank decided – with no notice in advance – to make me change my password. Except – unlike cheaposoft – the Big Bank security called my landline and a voice gave me the magic code.
If Bill Gates, et al, aren’t smart enough to run some simple use cases (like how to recover without a cell phone in less than 30-days) I sure as hell won’t trust their views of climate or vaccines or population growth, either.
People often confuse luck with skill. Some people are born lucky. Others have to work at it. And being a hard worker, I don’t have time to keep finding new solutions to same-old problems. I expect you don’t either.
Our thinking is no longer “clouded.”
Write when you get rich,