Sunday, October 3, 2010

Huge Wealth Disparities

Friday continued the play: Theoretical Dow top: 10,906 and a theoretical bottom at 10,781. We will continue with the same October options that we favored and profited from 7 times last week, and with the same specific buy below prior day close methodology.

The market is clearly bullish, and we believe, as does KeyTurningDates.com that "the bear market rally has one goal: "to create a sucker rally that will finally get the public back in the market before the devastating second leg of the supercycle bear takes the markets to new lows."
That's happening now, and may continue to occur ( a bullish trend) through all of 2011, and much of 2012. That's just enough time for all our greeds to build, and for the slime to find the best ways to fool the government and the stock market buying public.

The New Economy Index (NEI) averages just 5 stocks and just hit a three year high.
SE Asia markets are higher than any level since their 1987 crash.

The mood is good in the American markets. We're killing ourselves and others daily and spending big bucks in Afghanistan, 13% of our nation is in poverty, 26% fully uninsured with health benefits, we now hate our Muslim Communist dictator and want fresh meat in Congress, finally realizing all we have has rotted. Life is normal.

Unemployment is high and will remain so. Unskilled labor has been replaced by technology, companies have found out they can do well with less, and we've proven now that the Bush 2.7 trillion deficit was largely fueled by false bubbles and the lowering of taxes.

Every single economic depression has been preceded by huge wealth disparities. The income gap between the richest and the poorest Americans grew last year to its widest amount on record.

Despite the GOP's need for greed (don't end the tax breaks) and the Pee Party babbling, the U.S. Census reported last week that the income gap between the richest and poorest Americans grew last year to its widest amount on record.

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