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Nuclear Power

The problem of nuclear waste is the strongest argument against Nuclear power. Yes, it is a deficit that we leave our children and it would be hypocritical to preach against monetary deficits and not nuclear waste deficits. You can’t fool Mother Nature and sooner or later what we do to the environment impacts us all. That’s reality.

Wikipedia has a good sections on all sides of this. I don’t know how close we are to developing reactors that don’t produce significant waste.

My problem is a transitional one.  How do we get to alternative energy  without decimating the economy. It took 10 years in liberal MA and the death of Senator Kennedy to go through another 2 years of litigation to maybe get our first major wind farm. Even Spain and Scandinavian countries that now after decades have maybe 10 to 20% alternative energy are struggling to find new ways to grow.

How do we get form here to there without a serious economic meltdown?

In light of the Gulf disaster this issue is dead for the immediate future.

Immigration


Over 1,000,000 people have NOW signed the petition against the Arizona Immigration Law.

Bravo to the Phoenix Suns basketball team who wore “Los Suns” in their playoff basketball game  to protest.

It’s an affront on all of our civil rights, especially Latinos. It’s completely unacceptable.

“Join us in letting Arizona’s leaders know how we feel, and that there will be consequences. A state that dehumanizes its own people does not deserve our economic support.” You make the difference. The Petition

Here’s an even more graphic protest group

Worldwide Debt Problem

You can call it Greece but it clearly has a massive global impact. What’s at stake is the European Union.  Just about the whole Stock section below contains links and references to this significant crisis.

KISS & Stocks (Keep It Simple Stupid)

If you don’t understand a term look in up at Investopedia.com dictionary

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING!

Index Percentage Volume
Dow -0.55% down
NASDQ -0.91% flat
S&P 500 -0.66% up
Russell 2000 -1.57% -

Investors411 record – 5 years of beating benchmark S&P 500 and almost all major US indexes

Technicals, Fundamentals & Analysis

See Positions for changes made each weekend

From Yesterday - 1168+ The 50 DMA & 1150+ (an old high) are two major support levels on the benchmark S&P 500 We took out 1168 and the S&P closed at 1165.87 Think of these support levels as stop sign or red lights or possible breaks in a highway where you can take a U turn.  Yesterday in heavy volume the benchmark S&P 500 drove on through a red light with a U turn signal flashing. 1150+ next red light/support level. = Bearish

Technically - Another heavy volume decline. Coming after yesterday’s 3rd major meltdown in heavy, increased, above average  volume in a month  and you have bears driving right through whole bunches of red lights. = BEARISH

Yesterday’s market from one of the analysts at SeekingAlpha

Even though we get the monthly employment numbers Friday what’s happening in Europe is over shadowing all markets.

Paul R sent in this chart that shows the huge size and interconnectedness of the Greek/European problem. Here’s the exposure of Euro banks to Greece. What the chart from TheDailyRekonoing.com does not show is the connectedness of the entire world to the Greek debt problem.

The German Congress votes Friday on bailout plans and Greek’s congress amid riots (3 tellers/workers in bank dead) also votes soon.

Significant Indexes

  • McClellan Oscillator fell dramatically  to -75,14 yesterday.  [+60 or above = Overbought = sell. -60 or below = Oversold = buy]. StockCharts has a better version of the McClellan chart ($NYMO)LINK. – The MO has reached Oversold territory
  • US Dollar - Had  the third massive gain in a row+0.96% yesterday. [Anything over +/- @0.50 is significant.] Mantra - right now The Dollar Rules is very important Dollar closed at $84.12. The breakout of the trading pattern to a new high for the dollar focus almost all eyes on the growing value of the US dollar. Rising dollar almost always = falling stocks. The dollar is rising and falling because of the fluctuations in European currencies = Greek debt.

Analysis - Danger Will Robinson Danger Danger – It’s time to bring out the old Lost In Space Robot with all the bells and whistles and shout the Danger signal. What’s happening in Greece/Europe, will impact the world. Here in the USA we have our own PIIGS (countries with problems) – They’re called Michigan, Rhode Island, California, and other states that are close to te edge. We’ve come to the edge of another economic cliff.

Fear is in the streets and that’s often the best time to buy. See positions below.

Positions

The  Positions Section = latest buys and sells – (Revised positions last weekend) - These are positions I actually own

YOUR Stock List from last week  [Tuesday]. Sorry not enough time to revise the list. Look for stocks that are bucking the trend or falling less rapidly than the major indexes.

The McClellan Oscillator (MO) reached -90 in Feb.,& almost -120 in November. Back in 2008 meltdown the MO reached about-130 It’s now at -75

So we have fear in the streets & you are well aware of the fundamental problems focused on Greece. It’s going to take guts to buy, and a belief that we do not once again stand at the edge of worldwide economic disaster. The German  vote on Friday is crucial to the future – If this report from the UK’s Telegraph is true then we could see longer term slow meltdown. Headline -

Angela Merkel [German Chancellor]  faces defeat in a critical election this weekend as a growing backlash against a £19 billion German bail-out of Greece has threatened to mortally wound her coalition government.

Those investors who can tolerate big risk – now’s the time. Buy when everyone else sells. Those looking for a safer entry point wait for a lower MO – past -90.

Best read of Tea leaves – we will get to -90 and beyond

Short term traders – Buy any dip.

Longer Term Investors - Nibble any bigger dip. What you buy depends on your level of risk SPX is the ETF that mirrors the S&P 500. See Positions Section of blog for more risky ETF’s

Long Term Outlook = NEUTRAL

AS ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING

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