Not to out the “secrets of intergenerational families” that really run everything, but just what does “Painting the tape” mean? And, does it really happen?
Some numbers to make the case. and using the early futures pricing today from last Friday:
- The Dow was down a little over one-half of one percent (0.584%)
- The S&P 500 was down 1.8%.
- And the NASDAQ was down 3.828%.
Painting the tape is what the market (ok, MAYBE with some help from Fed proxies) actually puts in a gain during most of the day during trading hours Monday to sucker in headline-listeners.
But this is precisely why we evolved the Peoplenomics Aggregate. It’s all about how much dough is in the casino, not if one machine is paying off while everyone else is losing their asses…
How Bad Could It Get?
We use the Aggregate Index and compare the present bubble to the 1929 collapse:
Of course, there are lots of alternatives including one more good-sized wave up that could come along, but more on the subscriber side tomorrow.
Speaking of which! We also look at a perplexing question: IF world war 3 is underway (bioweapon a hint?) how slow could it “run” and still be denied by the complicit lying mainstream media traitors? Might even be more than a theoretical. And the mess in Israel could be one of the “pre-wars” prior to the main event – global war.
But let’s not be glum.
Small Business Optimism
WASHINGTON, D.C. (May 11, 2021) – The NFIB Small Business Optimism Index rose to 99.8 in April, an increase of 1.6 points from March. The Optimism Index has increased 4.8 points over the past three months since January but a record 44% of owners reported job openings that could not be filled.
“Small business owners are seeing a growth in sales but are stunted by not having enough workers,” said NFIB Chief Economist Bill Dunkelberg. “Finding qualified employees remains the biggest challenge for small businesses and is slowing economic growth. Owners are raising compensation, offering bonuses and benefits to attract the right employees.”
Other key findings include:
- Eight of the 10 Index components improved and two declined.
- The NFIB Uncertainty Index decreased one point to 80.
- Earnings trends over the past three months improved eight points to a net negative 7%.
- Owners have plans to invest in their businesses as the percentage of those planning to make capital expenditures in the next three to six months increased seven points to 27%.
- The percent of owners expecting better business conditions over the next six months fell seven points to a net negative 15%, surprisingly glum.
Which we take as meaning despite the efforts of do-nothing Joe the hype has worn thin (or out, we’ll have to wait and see).
Whee! Ain’t this fun?
The German, French, and British markets are all down two percent or more, which would slaughter the Dow by more than 600 points. So watch closely and maybe (who knows?) Sherwin-Williams will get a desk at the NY Fed, right? We hear there may be openings in Customs and Immigration, as well.
Ahem…just because I went short…er… Uh…let’s pretend everything is normal, OK? Consumer prices tomorrow which ought to be where some of the Fed’s $5-$6 trillion (and ESF money?) start to bite the tax chattel on the butt. We did warn you – and remember we said “get a garden in”?
Moving on the Web
Say, why not just buy-off the Voters? Worked for Buyed’em: Facing A Recall And A Massive Surplus, Gov. Newsom Proposes More Stimulus Checks. Rename the Sacto orifice Robin Hood West?
Speaking of the Smoke Blower in Chief: “Biden says anyone on unemployment benefits who turns down a job will lose their payments.” Right…like the FBI is going to enforce this, or what?
ViseGrip me! Shocked to see this sort of story coming from CNN: “Fact check: Biden makes false claim about former Federal Reserve leaders, revives misleading jobs claim.” Yeah…but….but…CNN? I musta woke up in an alt. universe, or something. Seen any guys in high castles?
Rockets Red Glare: See where Sen. Blackburn moves to cut off funds for terrorists targeting Israel? It would ban wires to Hezbollah and such. Only thing is, Joe and the Kamunist will likely find other ways to cozy up to the PLO. (If Palestinians were hard working and industrious, wouldn’t Egypt have welcome them decades ago? Ask a liberal…they have a hard time with simple obvious questions with even more apparent answers.)
Speaking of Peaceful Peoples” US Ship Fires 30 Warning Shots After 13 Iranian IRGC Boats Approach Fleet. Mean they weren’t bringing fresh tea and flowers?
Political Correctness Wars: NBC Won’t Air 2022 Golden Globes In Rebuke To Hollywood Foreign Press Association
Urgent Climate Bulletin: Great Lakes water surge eases after 2 record-setting years. Yeah – some years it rains more than others. Duh. Call me when high tide gets to Wall Street. Already 30-years overdue. (Who are these people with no memories?) Bored, Gored, and snored likely.
So try this instead: Tropical Storm Andres Forms In Pacific, Earliest On Record; Expect Another Busy Atlantic Hurricane Season . Install the optional asterisk “we haven’t been keeping records long…”
Notes for Readers
Art: Thanks for the invite to hook up on (lemme look) “Alignable.com” But, I don’t do that. I figure if anyone has anything important, my email addy (firstname.lastname@example.org) is where I’d like to get it. As you know, I don’t believe in social media trying to monetize everything I do. Hell, I haven’t even checked in on LinkedIn for probably 3-months. Apologize to Dr. Pete of VR worlds for that. But yeah – social media is not my friend. I have too busy a life to have computers eat any more of it. Although Stephen King’s book on writing (on the Kindle) is a good one.
Linda: Thanks for all the story tips. I found the piece on Cloud stocks drop to six-month low amid rotation out of top performers (cnbc.com) particularly interesting. I think at some point, all of us will come to realize that everything online is at risk – which is why I now have a Linux box and have upped the passwords all around (again).
Bitcoin Nazi: I appreciate you’re still a true believer in cryptos, but just how did you think the (Colonial pipeline) hackers wanted to get paid? Please notice that “Colonial Hacker Group Seeks to Shift Blame for Ransomware.” What they can’t shift off is cryptos. And since there is more crypto now that nominal U.S. fiat in circulation, we should see the war between government and the coinster-types break out any old time now. We noticed last week New York Considering Lengthy Ban on Bitcoin and Crypto Mining – Here’s Why | The Daily Hodl. Try to keep up with class, although mixed signals abound. When we read stories like “Turkey, India and China Look to Ban Crypto, U.S., Germany and Iran Move to Use It” we look at who’s got the power in the world. And brains. Pay attention to China. Their policies matter. We don’t have policies. Just corruption most foul.
Tyreman: My copy of the new book (Unmasking the Grand Delusion: Tyreman, Christopher Phillip: 9798742277972: Amazon.com: Books) should land today. But, you’re right: The new write-up is much better.
The Major: Yes, the 48 pounds of the special-run 75% Chinese egg noodles and fortunate cookies arrived via UPS as soon as I got in bed. The cats left a signed petition for me to never carry boxes up stairs naked again in the middle of the night. Scared off game. I told ’em to piss off.
Buddy Michael in East Bay: If StarLink would ever get off their backorder list and let me give ’em $500 bucks, I’d have speeds like this, too:
My picture out here on ViaSat is a little bit less, lol:
But it goes to half that and the latency is NOT 20 ms on small files. No way to get in touch with SpaceX unless you’ve got Elon’s number…
OK, time to put on the feed bag.
Write when you get rich,