We should deal with the Fall Fizzle, first.
As I explained for Peoplenomics subscribers in a lot of depth this weekend, the “good news” is that Taiwan’s reunification is now looking like September 2022.
For this morning, our Market view is we may get one more leg higher this week, since only the very lowest of our Wave II rally targets off the Labor Day weekend all-time highs, has been met.
As should be clear, if you have studied wave counts, is that in this scenario (and there are others) the decline today could be a B wave of the larger Wave 1 (not labeled). Normal limits would hold that the B wave should not go lower than the 5 of last week. But, ideally, it would rise to the calculated targets in that green area where the C is.
THIS IS NOT TRADING ADVICE.
However, for Peoplenomics subscribers who were let-in on my approach to trading last week and are puzzled by the Friday technical indicators, this is why the sentence was in the Saturday report:
“Critical to remember that the stochastics don’t have to go to extremes each swing. Often – especially over a weekend when there can be so much news flow change, I think its better to be neutral the market unless you’re there right on top of it in the very short term. “
We’ll see how things evolve today, but a short hair-raising decline at the open, but closing higher today would be our bet if we were playing this market. Which we’re not. Yet.
Let’s see if there’s some mid-morning buying coming in. If the bottom falls out and we drop well-below the 5? Biden’s got bigger issues than are public.
The week ahead is a yawner early-on. NFIB small biz report tomorrow. CPI data comes Wednesday. But, if you eat – and therefore shop – you know prices are mooning on us. Jobless claims and PPI Thursday get a solid meh.
On the other hand, Friday should be interesting with Retail Sales, the NY Fed Empire State Manglefacturing report and the Import and Export prices report.
Sell-Out Joe’s MexWar
Biden’s NexWar may be the MexWar.
Democrats (*dramacrats) love to start wars. If it was just one…but after a while the data just piles up. But first, let’s back up.
Sell-out? Because the DHS cancels Texas border wall contracts amid mounting concern. Is Biden an idiot? Go ahead – see if you can pencil it out. Just be aware that the Supreme Court Ruled in Favor of Donald Trump’s Plan to Use $3.6 Billion for Border Wall.
All this is against the background “‘We are ready for war’ says American who’s leading Haitian migrants to U.S. border | American Military News.” We have to wonder why this “American Activist” hasn’t been arrested overseas. Ever hear of the Logan Act?
Of course, the Dramacrats will close ranks and defend this anti-American scum. Notice how Dramacrats give rights to the wrong side? And money too.
Biden Sells Out America
An example of the latter is seen in the report on how Biden Admin to Send the Taliban Millions in US Dollars After Arming them with $83 Billion in US Military Weapons (thegatewaypundit.com). Spoils of war, Joe. Keep the money (or split it with Hunter…)
And check into whether the State Department is on drugs. Which we wonder about after reading US calls talks with Taliban ‘candid and professional’ following Doha meeting. Yes, let’s squash women’s rights nice and professional-like. FMTT. They got the money – so they can say anything. But the Truth is Biden’s an idiot.
Around here, we don’t do “news.” We write commentary – especially as it relates to markets. Comes a time when “second chances” and “let’s see how he does” come off the table. Critical thinking needs to be applied.
Biden needs a war to take the focus off his MASSIVE executive overreach on mandatory vaccinations off the table. And he doesn’t want people tracking stories like Durham Probes Pentagon Computer Contractors in Anti-Trump Conspiracy. Durham’s getting close to the “pay dirt” in his digging around. And Biden needs a topic changer…quickly.
Speaking of Dramacrats and war-peddling, see where Anti-Interventionist vs Neocon: Rare Debate Sees Scott Horton Steamroll Iraq War Architect Bill Kristol? Neocons are kinda like VD – both parties catch ’em if they’re not careful. Itching to fight or fighting to itch… Let’s not call ’em neocons. Let’s call it Warmydia. Or Ghonowarrin.
We’d never claim there’s a communist behind every tree. But an idiot? Pretty safe bet, there.
Biden’s Rotting DoJ
Once again, a Miranda Devine column in the NY Post demands Kudos. AG Merrick Garland is at war with American families: Devine. Also calling him out Mark Levin: AG Garland signed ‘one of the most egregious violations of your liberty’ with school board memo. With this, we have to wonder if Garland isn’t turning into a domestic terrorist who should put himself on his own list…
Yep – anyone who speaks up must be a terrorist. ‘Specially on the plandemic and the fab-jab.
By the way, speaking of our fave bioweapon: Firefighter/EMT son G2, is doing much better. Fever broke and he’s working hard to keep himself “dialed-back” so he doesn’t relapse. His 10-day ends Friday, so he will be back to mask-fitting and vaccination clinic duties next week, looks like. Thanks for your prayers and well-wishes.
Still can’t taste anything, but I suggested “The Covid Diet” might be a hot-seller of a book to write…
Australia is free – but not really: 106-Day COVID-19 Lockdown Ends in Australia’s Biggest City. Thing is, in a prison colony-based country, there’s always a fresh-crop of wannabe wardens at the ready. We have ’em here, too. Sadly, everyone knows its a bioweapon and the perps are still in their fat government jobs. In another era, there’d be rope and oaks.
When it comes, MexWar will be no surprise for our Peoplenomics subscribers. We have discussed the slippery slope downhill – from Low Intensity Conflict to outright border scuffles such as the machine gun fire (with tracer rounds) onto American soil last week. See: Mexican cartel fires machine gun into the US with the bullets zipping just above a National Guard | in the Daily Mail Online if you haven’t been read-in.
Is Ure the only one who remembers how narco-states work? The Official Government denies involvement (think back to the NVA in ‘nam, right?) while the fighting escalates. Yes, dear, I’m calling Mexico a narco-state. So is Wikipedia:
“Narco-state (also narco-capitalism or narco-economy[a]) is a political and economic term applied to countries where all legitimate institutions become penetrated by the power and wealth of the illegal drug trade. The term was first used to describe Bolivia following the 1980 coup of Luis García Meza which was seen to be primarily financed with the help of narcotics traffickers. Other well-known examples are Mexico, Colombia, and Guinea-Bissau, where drug cartels produce, ship and sell drugs such as cocaine and marijuana.”
We really need to find out who the assholes are that are organizing this stuff down south and deal with them. Warmongers herding Covid carriers and a communist government spreading them around inside America is NOT bad government. It’s a domestic communist insurrection.
Say that and people will brandish the worst of labels. Because with the cooperative socialist media, they can get away with it. Truth is never welcome.
Peoplenomics readers are referred to past issues how how this specter “suddenly appears” – been in the works for years:
- April 8, 2015: We look at the possibility of a massive overnight in-migration to the US as drought pressure is building in Mexico and Central America.
- July 9, 2014: The current immigration disaster along the Mexico border has been in planning since Ronald Reagan times and was then known as Border XXI – as it rolls out now.
- September 4, 2010: The Higher They Go…looks at the market rally, the NZ quake and why the Mexico Drug Revolution isn’t front-page news
- August 28, 2010: Mexico’s Drug Revolution – the MDR – seems to be getting underway
- 10/09/2005: CANAMEX, Land Grabs, and the Singularity: How all the pieces fit together neatly.
- 03/05/2005: April: War with Mexico? It looks like 1,000 Minutemen may show up to help Border Patrol but what will MS-13 do?
Given Biden isn’t doing shit, we expect the Minutemen will be along sooner than later. Ready to risk being branded “domestic terrorists” when in fact the real ones live behind razor wire for six months in the District of Corruption.
Wars don’t just spring up. We’ve been in a low intensity conflict for over 20-years. Think of the pending escalation and a L.I.C. and a promise...
And the January 6 hyperbole is still monetizing the media: Capitol Police whistleblower delivers scathing rebuke to 2 of its senior leaders Jan. 6 – POLITICO.
War With China Over Taiwan
Flag down on the field. Read the Saturday Peoplenomics report for details.
Next Labor Day. Not ahead of this year’s Party Congress.
Bumping subs and US technical advisors aside, those will be carefully modulated “reasons” leading to “responses” with an open timeline for president Xi to get Taiwan back after a “resolution of reunification” (or however they word it) from the pending People’s meet-up.
Trust you read how Taiwan to resist China’s call for a ‘peaceful reunification’?
Shakes are quaking-up again: 6.2-magnitude earthquake shakes Hawaii – UPI.com. And with ever-adventuring Andy up North: M6.5 earthquake hits Alaska peninsula: USGS – CGTN. Don’t forget, the current/best remote viewing on this is foreplay ahead of the Japan quake in Sept. 22. Spring of 2023 for the Joe Brandt dream realization in So.Cal.
Speaking of Commufornia: New California law will force retailers to have ‘gender neutral’ toy sections. I defy anyone to show a clause in the Golden State constitution (here) which allows them any powers of gender-anything. Telling merchants how to display their wares? Screw ’em. There’s a reason freedom-loving people move elsewhere.
Imagine – and it’s along the same line of thinking – a headline like this: “California mandates meat-neutral grocery stores.” Or “California requires meat departments to be beef-neutral.”
Who are these people and frankly, who gives a shit? Monetization…making up an excuse for bureaucratic empire-building (thus raising of taxes) at the public’s expense. “Honest Gav, we gotta hire 300 more toy aisle gender inspectors on an emergency basis because we have to train ’em all on CRT and correctness in time for 2024…” And they can’t be color-blind – gotta spot pinks and blues – so here comes the A.D.A. discrimination lawsuits…just boggles the mind how American insanity spirals, doesn’t it?
People are born with in “inny” or an “outty.” How Canada got 54 “genders” out of this is a testament to digital insanity’s spread. Anymore, when someone tells you to “Get f**ked” you have no clue what they mean.
Hand me a blood-pressure pill, would you? Joy of being around long-enough to see the dangers of our Digital Demise is we won’t be around at the end of it.
Around the Ranch
One draw, but a lot of clear-cut wins this weekend in the Daily Episodes of Life we all film. This weekend’s rushes?
War with Tile: Got the base covering on one-third of the kitchen. Depending on how my tile-cutting adventure goes today, may get a third of the tile on. 48-72 hours later it will be ready for grout.
Major automotive victory: No, the brake light switch on my 2001 Dog/Ram farm pick-up truck wasn’t bad. Traced it back to the brake fluid reservoir being a scosche low. Only a couple of tablespoons of Dot 3 and it was fixed right as rain. Made a note to check it again in 10-years. Does run the battery down, however…fails to brake lights stuck on.
Victory over Windows: The new office computer is installed and – after a minor skirmish with a Brother print-driver, everything’s back to workable.
Victory over Drought: We had a good dose of rain last night, big fraction of an inch. Which means? Maybe one more lawn-mowing before the season’s over. I like to end with a good final mowing because the better the cut, the easier the leaf blowing is.
With that, have a fine day. Like my friend Paul Cutchlow taught me “back in the day” – Make the most of what you yet may spend – before you to the dust descend.
I kept wanting to say Burma-Shave! at the end of it. Instead? How about…
Write when you get rich,