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Saturday, September 20, 2014 8:02:08 PM
Amateur Investors: Weekend Analysis
* September 20, 2014
The action in the S&P 500 indicates a 5 Wave move up from the early February low. The 1st Wave had a choppy ending that took the shape of a bearish Butterfly pattern and it wouldn't be a total surprise if the final 5th Wave ended the same way.
Meanwhile the Federal Government has resumed its trend of spending significantly more money than it's bringing in as the Total US Debt in 2014 has increased to around $18 Trillion which is $1 Trillion higher than last year. I imagine before Obama leaves office it will be near $20 Trillion unless a new Debt Ceiling is implemented by Congress. Overall Reagan/Bush (I) started the trend of spending substantially more money than what was being brought in while things generally stabilized under Clinton. Bush II started spending significantly more while Obama has outdone everyone. Congratulations to both parties as one day all of this massive debt increase the past decade will eventually blow up in our face.
Finally the chart below is the Annual Change in US Debt (Real Dollars) going back to the early 1950's. Congratulations to Obama for spending the most amount of money while in office and he still has two more years to go. Meanwhile Carter was the most thrifty of all the modern Presidents as he only added 28 Billion to the US Debt while in office.
http://www.amateur-investor.net/AII_Weekend_AnalysisSep_20_14.htm
George.
Click on "In reply to", for Authors past commentaries.
* September 20, 2014
The action in the S&P 500 indicates a 5 Wave move up from the early February low. The 1st Wave had a choppy ending that took the shape of a bearish Butterfly pattern and it wouldn't be a total surprise if the final 5th Wave ended the same way.
Meanwhile the Federal Government has resumed its trend of spending significantly more money than it's bringing in as the Total US Debt in 2014 has increased to around $18 Trillion which is $1 Trillion higher than last year. I imagine before Obama leaves office it will be near $20 Trillion unless a new Debt Ceiling is implemented by Congress. Overall Reagan/Bush (I) started the trend of spending substantially more money than what was being brought in while things generally stabilized under Clinton. Bush II started spending significantly more while Obama has outdone everyone. Congratulations to both parties as one day all of this massive debt increase the past decade will eventually blow up in our face.
Finally the chart below is the Annual Change in US Debt (Real Dollars) going back to the early 1950's. Congratulations to Obama for spending the most amount of money while in office and he still has two more years to go. Meanwhile Carter was the most thrifty of all the modern Presidents as he only added 28 Billion to the US Debt while in office.
http://www.amateur-investor.net/AII_Weekend_AnalysisSep_20_14.htm
George.
Click on "In reply to", for Authors past commentaries.
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