As a forecast for a potential future economic turning point as the
cycles turn later into this decade, watch the mid point retracement
level on the NASDAQ. See Nasdaq file
As per the Dow, 1930's. Dow 30's correction
So the G20 hit town. It's a good indication of just how low the
economic understanding of the public is when they allow such meetings to
be held behind closed doors, in secret, without public input.
The sole function of government is the promotion of justice: nothing
more nothing less. When government (we the people)goes about permitting
the creation of licenses which then capitalize into a tradable
commodity, the cycles are created, and the forecasting becomes really
easy: the license holders will do anything - ANYTHING - to protect that
value once they own it. Hence Iraq, hence low wages, hence the
unwillingness of some persons / countries to trade freely, the fear, and
most important, the creation of land price. It all flows from
governments being permitted to create that license.
I just take the opportunity to remind you all AGAIN: when stock markets
break into all time new highs, it is a reflection of the consensus view
that the earnings power of the country, as expressed through the listed
corporations, is increasing. In all my historical studies, I have never
yet seen an occasion when the market, on the break into new highs across
several past tops (as happened with the Dow last month), got this wrong.
THERE CANNOT BE A RECESSION IN THE NEXT 6 TO 9 MONTHS AFTER THIS
HAPPENS, got that...
The markets are saying be bullish at present, so be bullish oh some of
ye subscribers of little faith.