The Market Perspective: Luxury Goods Perking Up

The Great Depression

Benjamin Roth: The Great Depression: A Diary
It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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January 09, 2012

Luxury Goods Perking Up

Monday Jan 9, 2011

Ralph Lauren

The Propensity of the market to invest in luxury goods is also a sign of positive optimism. Ralph Lauren and other have been in a downtrend since the November high. This morning RL broke out of its triangle pattern and moved to the upside.

On balance volume indicator is also improving for BID Sootheby's, another market bellweather.

Wynn's WYNN is another bellweather but has yet to turn up.

GM is moving up on improved prospects. The Detroit Auto Show is underway, there are several positive comments in WSJ articles today about improved prospects for the American automakers. I am long GM in both stock shars and warrants.

Posted at 10:04 AM in Socionomics, Stock Market | Permalink

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The Market Perspective

Market Commentary by Dennis Elam dennislelam@gmail.com

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