Pardon the overdose of “down-home-ness” but sometimes you have to unplug from the messy data flow – which lately has been running like Class 5 whitewater rapids – and just “be one with the charts.”
Fortunately, lacking any other kind of self-introspection capability, I stare at them day-in and day-out.
This is a chart of our Peoplenomics.com Aggregate Index from the highs at the beginning of the year. On the left side top is the all-time high. If you’ve got an eye for Elliott waves, you can see a perfect, short, sharp five waves down. THEN you can see what could be counted as an A wave up, followed by the B wave down. And to us, it looks like we are now in a C wave which looks like a 7-move correction.
The problem facing the market is pretty simple: We are very close to where the last little high was (around 23,837 on our index) and yesterday saw a close at (23,864 and change). While it sure looks like the market is going onward and upward (because under Elliott very short-term the breakout could be argued), the most cautious Trader views this as only a one-day blip when working with data at the weekly level.
Which is why we could have one last-gasp of energy to the upside and then sell off toward the close.
A look at the news flow is not particularly encouraging for the bullish breakout case: Trump is in Europe where he’s made it clear that the Brits have “broken faith” with the People.
Gotta remember, the Brits voted to get the hell out of the EU (open border issues, among others — sound familiar?) back in the summer of 2016.
Ever since, the smarmy politico’s that run global politics in the UK for the Globalists Cabal of Billionaires, have been doing everything thing they can to SCREW THE PEOPLE. It doesn’t take but 3-months to get out…but this, you see, is how Globalists “boil frogs.”
Incrementalism in the UK runs part and parcel with ignoring the will of the people. By the time they get around to taking any solid actions that would have genuine meaning, all the people who voted for BREXIT will have died of old age! This is Bureaucracy 101: When you have all the power, you can out-wait any challenger.
I’ve seen it here in America, too. Saw a federal agency once that was going after a particular college on an imagined student loan compliance issue. What the Department of Ed did in that case was to come along with the NEXT YEAR’S RULES and try to retroactively apply them to three year’s previous.
The school went to the “right” DC law firm – which “walked the problem through channels” and in the end the problem went away. But it still bankrupted the school’s owner. Key Lesson: Fighting with the Feds (who have all the money and time in the world) is basically unwinnable. Not just here – anywhere.
I share this with you so you can get a real-world sense of how Bureaucracies work. And in the case of the UK and May, this is exactly the game the Globalist Apologist lackeys are running for the Big Money owners.
Trump’s merely calling them out on it saying in no-uncertain s that May has WRECKED BREXIT. Any developer knows how bureaucracies work and so it’s easy for Trump to call bullshit when he sees it. You don’t have to look very hard in England, mind you.
Which has what to do with the charts?
Well, if the market is going to head higher, we would expect to see joy and good tidings out of the Trump-Putin summit Monday. But, of course, it won’t happen.
Frankly, I’m waiting for slimy Schumer and the remnants of the demagogue party to label the summit meeting between two of the three most-powerful leaders in the world as part of an “on-going conspiracy.” How about Mueller indicts Putin for taking a meeting with Trump? Sure…why not? It makes as much sense as what Rod Rosenstein has been doing trying to scuttle Kavanaugh…OK, more, then. You know about this, right?
The stockyard-like conduct of American politics has nothing to do with fact, getting the job done, or anything else anymore. Instead, it;s Webolutionary Scree posted on Twitter.
By the way, you see where the Twits are “dialing it back a bit?” Closing down some of the ISIS accounts and others with whom they don’t agree?
Meantime, the Webolutionary press is running stories like “‘Very stable’ Trump? European leaders beg to differ. The subheadline is also telling: “The president’s wild shifts in tone left many NATO allies concluding no hidden strategy lies behind his unpredictability.”
Wild shifts in tone? GMAFB who are these writers…don’t they get out with the grown-ups? Plain and simple: NATO has been bleeding America for decades. The European Union is a bunch of no-good sots who what a free ride and Trump’s saying no. Is that too hard for the Trump-basher’s to comprehend? I mean, sure, it gets in the way of the newly-minute Bash Trump Industry, but WTF, over?
Meantime, my reference to “European Union sots” is more than the turn of a phrase. Go read “World leaders FORCED to hold STUMBLING and swaying (EU Commission president Jean-Claude) Juncker ahead of NATO dinner.”
(Aspiring writer note: sot
sät/ noun: sot; plural noun: sots 1.a habitual drunkard.)
Back to Economics, then…
So we see Trump is still Trump and he calls ”em like he sees ’em.
And coming up Monday, when the Trump-Putin summit comes off, we will see the radicalized webolutionary media attacking any reduction in military exercises as such. They will predictably moan about the lack of strong leadership and selling out to Putin. On the other hand, should a strong America also have borders, well let’s hold a group hand-wringing on that, shall we?
Trade Data? Sure
Press release just out from Labor:
All Imports: The price index for U.S. imports fell 0.4 percent in June, after increasing 0.9 percent in May
and 0.5 percent in April. The June decline was the largest monthly drop since the index decreased 0.5
percent in February 2016. Despite the downturn in June, overall import prices advanced 4.3 percent between
June 2017 and June 2018.
On the export side?
All Exports: U.S. export prices increased 0.3 percent in June, after rising 0.6 percent the previous month. In
June, higher nonagricultural prices more than offset decreasing prices for agricultural exports. Prices for
overall exports advanced 5.3 percent over the past 12 months, the largest over-the-year increase since the
index rose 6.3 percent in October 2011.
Und zo, meine damen und herren, der S und P? Down the tiniest little fraction…which is why we keep wondering “Is you a Bull? Or, is you a Bear?”
Cash is for cowards…rich ones, lol.
Idiocy Is Contagious Dept.
ISYN: Read ’em and weep:
Sugar is BAD for You
Webolutionary Currency Check
Bitcoin – the currency of the Webolution – was running $6,241 pieces of Constitutional government scrip when I checked.
A note to the reader who claimed it was not “revolutionary money” – are you kidding? It’s a currency of economic warfare against the incumbent Constitutional government. Are you blind?
To our discussion of Russian troll farms: Russian troll farm created fake city newspaper Twitter accounts … to spread real local stories: report. WW III is in motion now…
Yes, It’s World War Web. Really
In response to Thursday’s column (and Wednesday’s Peoplenomics) our .mil affairs expert “warhammer” (retired from is oak leaf cluster wearing) very agrees with our view of the Webolution:
“Your Thursday columns regarding the web are IMO the proverbial tips of a massive icebergs, but brilliant in their message. You are ‘SO’ on the right track with this train of thought.
Pre-tek America, vice the ‘Merica of today (a metastasized version of the original) was founded upon sound principles that revolved around the belief that anyone possessing common sense could understand the importance of issues facing them and make a sound, reasoned choice as a result. First and foremost, the new (then) nation pulled away from the rule of monarchy and ‘non-representative’ parliament towards one tuned more toward the more ordinary but still sensible common folk. When the Constitution and First Ten Amendments were ratified, the people played a pivotal part in that process.
The advent of telegraph and then radio morphed bubbles of communities into larger, more regional groupings. The use of radio also allowed those in power to project their ideas and influence at much greater distances instantaneously. If you controlled the airways, you could begin to control minds. Television later focused upon the visual propaganda content of any given product.
This technique evolved out of the ideological ‘propaganda’ battleground.
The broadcast community eventually connected regional stations with major studios, such as ABC, CBS and NBC, eventually spreading out over cable TV in the 1980s . Soon, talk shows, news hours and nightly news controlled the messages being delivered and digested by ‘Merica. This general TV broadcast trend continued into the early 1990s, when the world wide web, (aka Internet) forever changed the ideological battlefield…
The web of today is a vehicle which enables the influence and perhaps even controls of large populations of people in a New York minute. Witness on Donald Trump via his Twitter account. Like minded folks separated by thousands or tens of thousands of miles can communicate at the speed of light on compatible ideas.
The web is now an enabler. If the web can unify diverse and dispersed individuals, those craving power will seek to use it to serve their own methods and purposes. Such martinets subtly (or not-so subtly) hijack the message and repeat it over and over in every form possible to influence your mind and mine. As with hypnosis, a message oft repeated soon becomes internalized, much like that nefarious ‘ear worm’ song that plays in an eternal loop in your head from the time you wake up until some other message erases or overwrites it. If you listen to the babble, even as it is playing in the background, you become influenced by it.
Oh, you may think you are immune, that you are better, stronger than the others. But as you stroll down the aisle of your local supermarket or convenience store and look for toothpaste, which brand will you buy? Even one better, which store will you shop at? As you browse CDs or DVDs in Walmart, which one goes into your cart? Did you ever stop to think why you watch the same news channel each day? Why did you pick that brand of car you are driving, or motorcycle, or truck? The answer lies in the messages filtered into and embedding themselves into your subconscious. Slowly, deliberately, quietly and unendingly, you are a soldier on the battlefield of the war for your mind.
There is a war going on for the control of your mind. “
If you really think you’re keeping up with the class and have not read Positioning: The Battle for Your Mind by Trout and Reis, you have not even the foggiest of how simple it is to manipulate people. Seriously, read the freaking book.
Then realize every Tom, Dick and Harry is trying to build a social following. We note there seems to be an excess of Dicks, however..
So take the weekend off. Figure out how to break out of the social media jailhouse and GTFU and join the grown-ups.
There’s a Webolution and America’s on the block. We either get our act together RIGHT NOW or Digital Mob Rule will crash the country with NuSpeak.
Social media’s a disease, you see. The plug is the cure.
More Monday….live long and click.