Although this post may lead one to conclude otherwise, there will be no post today through Sunday. I will be celebrating Arbor Day by going non-digital.
Have a good weekend. As of now, none of my main indicators have substantially changed the past two days.
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."
Tuesday, April 26, 2011
Tuesday, April 19, 2011
For the bears, I wish it wasn't true, but I have to report what I see.
Still more importantly than these, we need McClellan to bottom and begin upwards.
"Impossible is a word to be found only in the dictionary of fools."
-- Napoleon Bonaparte
at 10:30 PM
Thursday, April 14, 2011
Still maintaining my silver prediction of 48.50. Gold, 1500. Those should have some resistance.
I think that for the past few years we've had a very exciting market to each side. It seems the time has come for some boring-ness. I've noticed less people posting on websites than previously, and I haven't really had the urge to care about what is happening lately. I'll still try to post as I manage my account as necessary. Even if we bounce higher, the odds are continually shrinking that it will continue upwards.
"In times of change learners inherit the earth; while the learned find themselves beautifully equipped to deal with a world that no longer exists."
-- Eric Hoffer
at 10:40 PM
Thursday, April 7, 2011
Wednesday, April 6, 2011
Case in point: NBG and AIB. Once the weak stuff gets moving, the move is nearly over, but usually there is enough time for the weak stuff to try to catch-up and consolidate while the strong stuff to has one last push. The market amuses me. It appears that it believes in the short-term that this bailout, not the seemingly twenty before, is going to work this time. I'm going to wager it won't, but not yet.
If you can't pay debt, you can't pay it no matter how much more debt you add to it in the short-term or what taxes you intend to collect on people that already can't pay. You can devalue your currency and pay it, but the EU countries cannot do this as easily as the US. This game can only last as long as commodity prices stay down, and they aren't any more.
"You have enemies? Good. That means you've stood up for something, sometime in your life."
-- Winston Churchill
at 10:03 PM