read 4/24 Weekly - comment
Nice charts and Income-Spending are good signs to key on.
Thing is that there must now be a couple kinds of economics
today. When I had some college eco classes, yes printing
paper was considered a path to inflation. But macro events
can over ride that; witness Vietnam War guns & butter
piled up inflation irregardless of cost. Granted it wasn't
like the classic Weimar German inflation but it did run
up prices until price controls and W.I.N era.
Today supply/demand market factors might be over riding
the printing presses as oil is showing. And who'd have
thought you could run a major war on terror in mideast
while facing talking of deflation (thank you China goods).
From a Trader's more narrow perspective, the Transport
Index is correctly worth watching. Its component stocks
are weak, Further VIX is way jiggy. As for ARMS, I don't
see a bloody wash out yet. Need that fear sweat smell.
New Highs are tiny; new Lows are rising. So internals
have been clocked. Question is how down is down?
One thing to run a Biz Sucks Sale but unless someone
comes forward.....
It's natural to get itchy butt when things that should be
working, aren't. Must then have a sea change in thinking.
Could be what's going on. Rem there was a second bottom
even after Great Depression before that ran course on into
WW2. Certainly expected US economy to have been on fire
by now given the low cost, highly liquid Fed fuel.
But then Crash2 burned out so many investors that another
Gen may be needed for fresh coin. And now with the consolidation of Exchanges at hand, and more in wings,
trading is becoming less of a valid option. Here in Man'h
I heat no one talking stocks in parties or public. TV
heads babble on to themselves & their call-ins. But that's
like the old CB radio faithful. The broad range is gone.
Anyway I'll keep up on your posting and see if I sniff out
anything really fresh. Awful stale odor at present.
Pennies not a zero sum game as much as some zero game.
