Bears just couldn’t finish the job Tuesday. They had shares on the run in the early going, but by day’s end the Dow settled a measly ten points lower. Buying the dips, it would seem, is more popular than craft beer and chicken wings these days — so much so that one could almost wonder whether we will ever see the Dow trade lower on three consecutive days. Well, yes, of course we will — just not any time soon if some of the bellwether stocks tracked below are going to achieve their targets. Way off-topic today is this link — to Aydar Ganullin, an accordionist virtuoso who plays the instrument like no one I’ve ever heard before, and Piazzolla’s gorgeous tango music with unique brio and beauty.
Bears Just Couldn’t Finish the Job
- January 17, 2018, 12:55 pm
-
January 17, 2018, 9:41 am
Speaking of “Irrational Exuberence”……………
Just go to coins.live/
OMG! I had no idea of the number of virtual “Coins” out there!Then, there is this:
“Crypto currency Bitconnect (BCC) plunged from $321 to a tad over $35 today, a drop of more than 86% after regulators from state authorities issued cease and desist letters for unauthorized sale of securities. That’s right. Just because your shit is on the blockchain, that doesn’t mean you get to solicit your fucking Ponzi scheme to people in America. State regulators will have something to say about that.”
That article is at ibankcoin.comWow! All that is way over my head!
-
January 17, 2018, 7:08 am
The real underlying cause of our wealth and income disparity in America is that wages are no longer connected to gains in productivity.
“From 1973 to 2016, net productivity rose 73.7 percent, while the hourly pay essentially stagnated—increasing only 12.5 percent over 43 years… This means although Americans are working more productively than ever, the fruits of their labors have primarily accrued to those at the top and to corporate profits, especially in recent years.”
The Ford Motor Company charge for a cheaper pricing automobile at the turn of the last turn, and at the same time increase the payout towards labor never seen before of that time period. As, simple as this is the cause of all the negative affects towards the standard of American living today.
Racism
Political offsets
Flag Burning
WarThe turn towards the adjustment as the turn in the 1930’s 3rd turning will be as a dramatic event today towards the 4th turning coming (or here).
The TYX ( Long Bond yield) cannot be
manipulated and it never reach the early 03/2017 and 2016 high in yields, which created a higher lower pricing level in the future contract.The recent 726.43 High of 11/2017 in the DOW UTY Index to 635.51 (13%) is a major warning shot the value levels in the stock market indexes have reach an extreme. UTY Index tops out prior to major turns, this suggest that not just a mere correction and turn of trend is in place but a major decade and better turn of greater importance’s towards all major markets to the downside. Early yield signs of turns such as this have a move higher in yield (on the long end) which gives way towards another extreme low in yields on a yearly and decade level. Suggesting we are not done in low yields.
The initial impact of the Bear market in UTY signals an inflection point towards yields towards a continuation of that long trend not a yield trend change to the greater degree as this supplies liquidity for a falling equity market as its turn worsens.
****The finial signal will be as towards the long term stat of having a 20 or 40 trading day high point, which starts off a decline of a 4% downward move from a extreme high to low in a 5 to 7 trading day period.
Have a great day Rick..
Speaking of Bitcoin!..This was great! LOL
https://www.nbc.com/late-night-with-seth-meyers/video/bitcoin-commercial-what-is-it-and-how-does-it-work/3640247