News I've caught while overseas I find valuable:
*Congressmen win over banks and some banks will lower large payouts to employees. Here we are trying to control income, not understanding still how Wall Street works, and not yet addressing the regulatory issues.
The Central Banks plan "exit strategies"
*Obama's plan for job creation, outlined earlier this week, can accomplish "psychological relief" if the banks are given incentive (forced) to begin loaning to small business again.
And lastly, any market that has struggled as it has in the past two weeks, the length of time of our Dow projections, shows a market and an economy that has had such a euphoric run that there must soon be a "top," even short lived.
I'm back Monday and have provided a new signal IF the market hits new lows today, with futures up 33 points at 9:12 am
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Weaving Straw Baskets-Fifty Steps to Understanding
1) Much of what is smart repeats itself, and is never done.
2) All the religions really say the same thing, and sadly it will be religion that could divide the world.
3) There is no such thing as an absolute.
4) There is no real black and white.
5) We self sabotage often so that we do not “get something we want” as we want to punish ourselves for things we have done we feel guilty for.
6) It takes discipline to perform. Discipline is our way inside ourselves, as we become rather than think.
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