A social media site shoved a clip of the obnoxiously overhyped ‘Dancing with the Stars’ in my face, and I couldn’t believe my eyes. Is this what all the promotional hubris is about? Worse than merely amateurish, the dancers moved like they had a crippling neurological disease. You’ll feel embarrassed for them and nearly everyone else who appears on the show after you’ve viewed this clip of two young teens, the amazing Karina Yermakova and her frequent partner Artem Avramenko, doing their thing in a ‘jive’ competition held in Russia.
Calling All Traders!
Although we used to feature edgy market commentaries in this space, we now devote the time and effort we once spent crafting them to making the Rick’s Picks Trading Room an unbeatable source of timely, profitable ideas for novices and professionals. We will continue to post whimsical video clips from YouTube at the top of the page, however, since they can be entertaining, amusing and sometimes even edifying.
We’ll also share interviews we do concerning the stock market and the economy. Click here for a recent one with Chris Temple of The National Investor about the catastrophic potential of rising interest rates. Then go here for a glimpse, on This Week in Money, of the deflationary endgame that alone can return the world’s financial system to honest weights and measures. (My 20-minute segment starts at 55:36). There is still time to prepare, by the way, since the S&P 500 looks like it could rise significantly before topping out.
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The analytical “touts” listed below, overhauled each Sunday and updated 24/7 during the week, will continue as always, as will their barbed emphasis on the striking similarities between Wall Street and a carnival midway. The absurd accuracy of our trend calls and price targets is well known and a matter of daily record, but it must be observed up-close and leveraged with actual trades to be believed. You can get in on the action by clicking here for a free 30-day trial, no credit card necessary. It will give you instant access to one of the best chat rooms in the trading world and all the other amenities of the site.
Two major crashes had very similar signatures. Both crashed withing 2 to 2.5 months of the all-time high. Both had a crack in the market within days of the all-time high with a 2.5% one day drop. Both first saw a correction being labeled as it hit the 10% drop and remained around there till the final few days leading up to the crash. The 1929 crash, which i am leaning towards in this next drop had a 2 day crash October 28, 29 totaling 25%. the dead cat bounce right after was historic in speed and height and lasted just 2 days. the next 2 weeks saw lower lows. From that all time high to lows we dropped over 47%. Will W.Buffett be vindicated.
The crazy world situation, political arena, 40 plus year disinflationary environment propped up all asset classes to seem indestructible and in a forever pattern. Our mental Pollyanna attitude seems similar to the roaring 20’s The next crash will be a long journey and long winter.
Welcome home, Gary.
Thanks for featuring this, Rick. I have added it to my list to watch later.