imageWith the Fed decision out Thursday, Fed Chair Yellen’s remarks, and our Peoplenomics Oscillator as guidance, our present outlook for the rolling Long Wave economic top is for a modest market decline to the 1,820-1,850 level around the time of the next Fed meeting.

George;

Hats off to; you.  As you said the first direction is the ultimate direction. First a slight drop and then to a 200 point rise and then to a loss.  Unfortunately I don’t have any money on the trade but will be armed the next time.

That is October 27-28  and I will try to get the day right – so much for personal time-warping this week.  It’s one of the side effects of always living 10-minutes in the future.

As to what the Fed will do then?

One of our well-placed sources, who I’ll henceforth refer to as Talon, believes the Fed will attempt another quantitative easing.

It has been “street wisdom” by many armchair economists that quantitative easing was over and done with because – as markets were in serious trouble – the results were becoming progressively more costly.

The flip side, however, is likely also true.  With markets attempting to put in a Wave IV bottom in  here, having completed a massive Wave III up from the lows of 2008-2009, a quantitative easing might, indeed, be just the thing to get markets kicked up above technical levels required for the rally to become self-sustaining.  Optimism, due in part to the presidential cycle, is back.

This sets up the possibility of two things:  A much higher market for several years, and since the rise from the 2009 low to the 2011 high was on the order of ….no, let’s hold that back for www.peoplenomics.com readers. Tomorrow’s report. No point giving away the real working parts around here.

Needless to say, this will continue very much on a track in the long wave very similar to 1928-1929 and that blow-off topping process, but notice that QE’s are the vehicle not discount rate reductions which were the weapon of choice back in less elegantly financially-engineered times.

It’s the difference between a pat on the butt and a cattle prod.

The Japanese market was down 2% overnight, but Shanghai was stable.  In Europe this morning, the majors are down 2 to 2 1/2%, which means our “resonance” with the summer/fall decline of 2011 should continue to fit to the tee.

The market should (in an ideal outcome per our model) end down 150, or a bit more, today and then rally strongly before yet another pullback.  But until we pass the next Fed meeting and the QE4 or minor 25 BPS raise, I will continue to sit on my wallet and await easier ways to make a buck or five.

Even then, there are no guarantees.  Outliers like fifth wave failures and such are to markets was a bad slice on the 15th hole is to golf.  We should be about to make the turn, but there’s still a good bit of rough between here and the club house.

Gold is closing in on $1,140, but bitcoins are stuck in the neutral zone around $235…as they continue a large base-building after their Wave 1 collapse and meander through a long bottoming Wave 2.  These might become interesting should we see spike market and confidence  lows in October, but again, we’ll save some of those insights for subscribers.

Again, for those who missed it, the lows expected for Wave IV (previously expected for this Fed meeting) have pushed back to next Fed meeting.  You either get time or price in analysis, seldom both will be perfect.  Especially free.

Quadruple Witching

Today.  We always expect the unexpected around in here.

The futures which were about flat overnight looked at Europe and are now down more than 150 on the Dow…

How to Fix Broken Government

Look:  Lawyers are “officers of the Court” are they not?

So wouldn’t that preclude them from legislative and executive office?  Can’t serve two masters, after all.

File under “Ure’s obviously nuts”…

Stupicity Roundup

It is time to make up a new word to be shared with all your friends and cohorts, chums, hoes, buds, pals or whatever you call ‘em.

Stupicity.  I decided the word was needed to describe evens of Stupendous Stupidity

Unfortunately, there are almost to many examples to name, but since that has never slowed us before, let’s roll out Hillary Clinton’s being unable to name any major accomplishments as SecState as a key example

Stupicity, like Political Correctness Disease, is all around us but little-noticed.  It only becomes obvious when you scan the news headlines and ask yourself (after reading a headline) “does this make any sense at all?

Speaking of mindful reading…

US Placating Muslims

The US government operates an “official news service” (just like China and Russia) called the Voice of America.

This morning, that (paid for with your tax dollars) site is headlining:  “Trump Fails to Correct Man Calling Obama a Muslim Foreigner .“

Let me quote from the VOA article (since your tax dollars and mine paid for it):

“We have a problem in this country: it’s called Muslims,” said a man wearing a Trump T-shirt. “We know our current president is one. You know he’s not even American.”

“We need this question,” replied a smiling Trump, one of the highest-profile supporters of the so-called birther movement, which alleges – incorrectly – that Obama was born in Kenya and is therefore not an American citizen.

The Trump supporter continued: “We have training camps growing where they [Muslims] want to kill us. That’s my question: When can we get rid of them?”

“We’re going to be looking at a lot of different things,” said Trump. “You know, a lot of people are saying that and a lot of people are saying that bad things are happening out there.”

Not only did Trump not object to the man’s false characterization of Obama, he also failed to address what was interpreted by some as a call for eradicating Muslims from the United States.

Clinton responds

Hillary Clinton, the leading Democratic challenger for the White House, blasted Trump. In a statement on Twitter, she said: “Donald Trump not denouncing false statements about POTUS [President of the United States] & hateful rhetoric about Muslims is disturbing, & just plain wrong. Cut it out.”

Trump campaign officials later told several media outlets that the candidate did not hear the man’s question about Obama being a Muslim, and that his answer was in response to the part about the extremist training camps.

The highlighted part is the area where I have a question about the objectivity of the story and what we’re getting for our tax dollars.

Journalistic point:  Just who the hell are the some who interpreted?  No attribution.

There is another part to this:  Bernie Sanders is the (honest socialist) on the left, yet the article didn’t quote Sanders – who is some polls is on part with, or ahead, of Clinton.

Eventually, the article admits this:

Trump campaign officials later told several media outlets that the candidate did not hear the man’s question about Obama being a Muslim, and that his answer was in response to the part about the extremist training camps.

Not to turn into a media critic here, but when standing on a stage in front of a noisy crowd, and perhaps not able to hear a question exactly, Trump used the question to promote a view.

But for a US Government media organ to be critical of Trump for failing to “object to a false characterization” is – in my view – a serious overstepping of government into opinion shaping and one that should be reviewed by Congress.

It gets worse…so bear with me as we look at the details.

Since a WaPo article from last night at 9:01 PM and the VOA story moved this morning, there is some likelihood that the VOA piece was a rewrite off this:  (“http://www.washingtonpost.com/news/post-politics/wp/2015/09/17/trump-doesnt-correct-rally-attendee-who-says-obama-is-muslim-and-not-even-an-american/”).

A journalistically correct report would have begun “According to the Washington Post…” or whatever the source was.

When tax dollar-supported official media issues statements like “he also failed to address what was interpreted by some as a call for eradicating Muslims from the United States”  and does not identify the who the word “some” is referring to,it is clearly propagandizing.  Eradicating is a hot, emotional word.

That’s how propaganda and mind control works – that low level stuff of “some” and “many”  that implants below the perception threshold the idea that something is true and should not be questioned since no source is even needed…”Everyone knows” this thing to be a fact.

But that’s what propaganda is about, I suppose.  But it’s an important point to study.  The phrase “some have” is one of the most dangerous in journalism and thence mind control.

I find it VERY SIGNIFICANT AND YOU SHOULD TOO that since May of this year, the only media outlet indexed by Google News to use the term “eradicating Muslims” is the US government’s official media.  (*Accurate as of press time this morning.)

War-whipping at its finest.

And that’s some scary shit about how mind control works and is programming you.

                     

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