Tuesday, September 16, 2014

 

Remember When ESPN Was About Sports?

Or Cris Carter just catches touchdowns cries on TV.

ESPN used to be about sports, but the self-important sports journalists who barely made it through journalism school and always had delusions of grandeur about the profession they chose can’t wait to inject controversial political, racial or “lifestyle” issues into their work whenever they have the chance.
The dirty little secret is that most sports journalists are just as left-leaning as their counterparts in the “real” newsroom. They went to the same “J Schools” and they vote for the same party.

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Monday, September 15, 2014

 

The market needs to go down this week

As I was saying last week, the market is in a do or die moment.  It must show weakness this week or it will prove that the bull will continue for an indefinite period of time. 

The important level to hold is 1904 in the S&P500.  But moving above 2000 from here (1981 as I type) would blow up the bearish scenario. 

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Sunday, September 14, 2014

 

How the China Boom Unravels: One Person at a Time


This is the story few tell because it's not positive and actually requires long experience in China. A culture obsessed with first appearances simply doesn't provide much of a foundation for a long-term commitment to maintenance and built-in quality, the two essential parts of longevity and long-term efficiency.

The headline story is China's amazing rush into building X,Y,Z: today high-speed rail, tomorrow, thousands of wind turbines. What few care to examine is the maintenance requirements of every one of those thousands of wind turbines. Without obsessive attention to the quality of each component and regular maintenance of each turbine, those initially impressive thousands will dwindle to hundreds and then dozens of operable turbines as the years grind away at inferior components and a lack of maintenance takes its toll.

Read the whole thing.

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Friday, September 12, 2014

 

The Orwells - "Who Needs You"

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Friday, September 05, 2014

 

Do or die for the stock market

Update 9/11: Unless we are down tomorrow (9/12) the bull market looks like it will hold up for another few weeks.   So one way or other the tomorrow's market direction is important.


Daneric has an ending wave count for the 2+ year bull market so it is time to look at some support levels that, if broken, would indicate lower prices to come. (Go to Daneric's site for short and long term wave counts.)

We are pretty close to the first one, 1990 on S&P 500, and that break would indicate a likely correction of the last few weeks.  The big number is 1904 which is the early August low.  Below that would be take out support levels and trend lines for the 2+ year bull move.

So 1990 and then 1904.  A move above 2034 without breaking either of these levels would indicate a very strong move higher likely good for another 10%. 

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Panic! At The Disco: This Is Gospel

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Friday, August 29, 2014

 

The Postelles "White Night"

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Thursday, August 28, 2014

 

Amy Poehler


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