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    Rising wedge in SPX?

    Sorry, try this link instead http://users.tellurian.net/tom/indices/Markets_10_years.htm
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    Rising wedge in SPX?

    The fact is that many reversal patterns are nested, one being larger that the next. We shall see.
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    Rising wedge in SPX?

    Got a similar pattern in the t-notes (yield chart). Both have similar RSI. .
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    The Coming Deflation . . .

    Hey, stuff happens. I'm re-reading a book called "The Great Reckoning" by Davidson and Mogg. It doesn't go too much into market action, but clearly and historically explains how, without undisputed superior brute force, you have no markets. The point/forecast of the book is that the role...
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    Anyone else think Elliot Wave is a bunch of hooey?

    Sorry, maybe this is more clear: :p
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    Anyone else think Elliot Wave is a bunch of hooey?

    This is a good thread. A lot of realism. I am no Ellliotician, not even close, but it is interesting to watch. Kinda in a Shakespearian way: "All the world's a stage". Anyway, do we know for sure that the last 3 years have been a bull market, or just a correction in a bear? Any chance...
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    The Coming Deflation . . .

    Mr. Hydroblunt, Thanks for the information. You definately know things about marketing. But I still don't understand it. Someone please help me out. Anecdotally, I remember attending my mother-in-law's 85th birthday party. We were at Lone Star Steak house, or some chain like that. She...
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    The Coming Deflation . . .

    Actually, I'm in the inflation camp also. Many economists talk of the fork in the road where the U.S. does not any long drive the world economy. Some other, e.g. China, will pick it up. My guess is that we're at the fork in the road. Despite the fact that average U.S. household doesn't...
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    Housing Rolling Along 2

    Definately agreed. Seems like the woman should have waited, gotten a more agressive realtor, hire one of those consultants that put furniture and artwork in houses, etc. Do something else. But just the same as a specialist's book, the bid side for residential RE looks pretty thin...
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    Housing Rolling Along 2

    But she did sell it. Read it again ...On the morning of Aug. 5, the auctioneer, Stephen Karbelk, set up loudspeakers on Ms. Guth's side lawn. Ms. Guth handed bottles of chilled water to the several dozen bidders and curious neighbors who showed up. "I have a whole stomach full of...
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    Housing Rolling Along 2

    Anybody see that cover story on the WSJ. A woman in Herndon, VA listed her home last Sept for $1.1 mil. The house has 5 bedrooms, blah, blah, blah. She started lowering the offer side. For whatever reason (I don't think they explained), she just needed out. The house wasn't selling. She...
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    The Coming Deflation . . .

    Hey, my wife has a friend who has one room in the house just to store all the mail order crap that she hasn't opened yet. Obviously, she has never read any H.D. Thoreau, as in "I don't own the stuff, the stuff owns me". Anybody have any theory where this out-of-control consumerism came...
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    Arguments against the Fed

    I think the notion that the financial system is run by non-elected officials is a very quaint, but old and pre-1960's concept. Since the 1960's equality for everyone (regardless of what you know, what you have accomplished, or what you stand to loose) has become the mantra of policital...
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    How's real estate market in your area?

    I'm in nw NJ. There's a Toll brother's McMansion development nearby. In the past 2 months, they're still sellin' / breaking new ground. Amazin. But local developers are definately dropping the offer side.
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    How low do we go??

    Well, that could be, Mr. scriabinop23 I read recently that Bank of Japan has more U.S. dollars in reserves (Treasuries) than the Fed has in Washington. So how much flexibility the Fed really has may be debatable. I think the BOJ prefers better rates on the dollars they hold, and I don't...
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    How low do we go??

    Could well be, Mr. scriabinop23 Most traders/investors (and the pumpers on MSNBC) think notes and bonds are warm and fuzzy pieces of paper to buy. Sure, the past 25 years has been great for bonds. But markets are pendular. Years ago I was registered Series 7. I remember selling some...
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    Arguments against the Fed

    Yes, plus a little visual persuasion: http://www.raytheon.com/products/tomahawk/
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    Arguments against the Fed

    The old saying is that a country gets the government that they deserve. More specifically, the lower class with no assets (outside of primary residence) couldn't care less where this goes, as long at they get the stupid gov programs. The upper class (Warren Buffet and down) are fully...
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    Main Causes of the Great Depression

    From what I have read, after WWI, the U.S. gov. took a policy stand that we needed much greater food production capacity. (This may have had an element of wisdom, as they reflected on the explosive qualities of the Treaty of Versailles). They then went on a campaign to strongly encourage all...
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