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
Robert Scheer: The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street
The former Editor of Ramparts takes on both parties and how they sold out to Wall Street that is even now partying and bonusing on their former mistakes.
Charles Gasparino: Bought and Paid For: The Unholy Alliance Between Barack Obama and Wall Street
How Wall Street Backed the Administration and Got What It Paid For
« Divergences | Main | On Your Mark, Get Set, Go! »
Monday Jan 16, 2012
Five days ago we suggested that the market was tad overdone. I had time to look today and that appears to still be the case.
Bullish Percent
Is this indicator setting up for a re test of the 50 day MA as it did in mid December?
It is over the 200 bar MA but the MACD looks very toppy.
Daily A/D NYSE
For some reason the arrows and such are not working, but one can see clear tops in JUly, November and now.
Europe recovered from the downgrades Friday.
More tomorrow morning.
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