“You Lie Boy”

Health

Remember back in Oct. of 2002 when over 100,000 protesters gathered in Washington to protest the Iraq war. Even the supposedly left leaning Washington Post buried the story in its metro section. The paper’s ombudsman later lamented, “a couple of ho-hum photographs that captured the protest’s fringe elements.”

The Same WaPo puts on the front page Sunday, an anti government protest organized by the right wings favorite cable channel (Laughably called FOX news ) of “60,000 to 70,000 almost exclusively WHITE pro corporate interest protesters . The WaPo is only the tip of the corporate mainstream media that has focused on screaming protesters depicting opponents as Nazi’s or socialists rather than on the substance of heath care. LINK

This is no surprise when you consider Pew Research’s statistic that “the politics and the protests of health care, accounted for a staggering 62 percent of all cable news coverage” for one week in mid August.  LINK

Your comments recently have captured this inequity and American’s media focus on the disruptive lunatic fringe elements as a way to hide any legitimate discussion of the issues.

  • From  a personal email – Other significant health care issues not discussed LINK to article
  • From Doggie’s Mom – “Let’s get back on track” LINK
  • From Bob Sadinsky – “the race card… Of the 47 million without coverage, I am sure that mainstream thought is that they are either Slackers, Black or Latino or Illegals. So why should my money go to cover them and worse yet,why should my coverage suffer so these “people” can be covered. LINK
  • From NYT’s Maureen Dowd“You lie boy” LINK
  • From Think Progress A Sunday protestor (Fox media fan) on why Obama will opress white America video LINK

More and more its looking like the mainstream media is bias is promoting, but hiding an ugly racial divide that is growing in America.

Anniversary of Meltdown

On the eve of the collapse of Lehman Brothers and the near collapse of financial institutions throughout the world, President Obama has a major address today.

Sherwehe , who has sent in some other very enlightening emails refers to an article in Vanity Fair entitled “Good Billions after BadLINK to article

The lack of regulations to the “free market” got us is into the worldwide recession. Even Alan Greenspan admitted this. But as good as Obama’s speeches are his administration sure looks like a paper tiger when it comes to doing something. So far no real corrections have been made. Printed $ and tax payer funds have been given to shadow institutions throughout the world. OK, financial markets are recovering, but while their stocks have sizzled reform has fizzled.

STOCKS

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING!

Index Percentage % Volume
Dow -0.23% down
NASDQ -0.15% down
S&P500 -0.14% down
Russell2000 -0.22% -

Investors411 record – 4 1/2 years of beating benchmark S&P 500

(see results for last 1/2 year – click  6/25 & scroll down)

  • Brown = repeat statements
  • Green = usually bullish statements
  • Red = Usually bearish statements

Technicals and Fundamentals

Technically Friday’s slight loss in falling, below average volume , is just what bulls like to see.

Fearless Forecast for last week ” is for a down week” – Except for Friday markets rallied – Therefore, prediction correct

Fearless forecast for this week – Down early, as dollar stabilizes and fears of regulation (see below/above). But, rallies are getting bought into. So prediction is for another positive week.

The second long term risk – Protectionism – If the BDI breaks down further is means huge cargo ships are sitting empty and protectionism is growing throughout the world.

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Significant forecasting tools/Indexes for stock markets

(Besides #1 Volume & #2 Reaction to News)

BDI The Baltic Dry Index measures the flow of goods by price (world trade) It looks like we could be forming another lower high and that would reinforce the mid term bearish pattern . The BDI has leveled off and started to rise over the last few weeks. BDI fell a minor -22 Friday. BDI trading at 2468 and has recently formed a resistance level at 2388. Would not trust any rally, especially in foreign exporting countries if the BDI breaks down below this number.

Each day this looks more like a base has been formed above a key support level Longer flat bottoms and slowly moving higher is usually indication of, at least, a short term bottom-Bullish short term outlook for BDI and we have certainly recovered from the devastating lows of Dec./Jan.

The BDI is 41% off its high (early June) Before that it gained almost +170% from early April to Jun e

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$USD - Check out the 6 month chart (to the left) or a multi year chart of the US dollar of the US dollar. The multi year chart gives you a much better picture of  where we seem to be headed (down) and the next major resistance level. An orderly/slow fall in the dollar is good for the majority of S%P companies that make most of their $ abroad. Dramatic longer term falls indicate loss of confidence in America.

One big reason Investors411 is currently  focusing more on US equities (XLF & SPX ) is because of the drop in the dollar making foreign exports more expensive in the US and US exports less expensive abroad. However, On the whole an orderly/slow drop of the dollar helps US markets and a case can be made that it helps worldwide recovery.

The dollar has fallen 5 days in a row.  It fell less, but still dropped -0.17% yesterday. Dollar trading at $76.68 Short term Bullish for most stocks

Mantra Dollar up = US stocks down & Dollar down = US stocks up

Last year’s low was around $71, so there is a long way to go before the next major support level.


Positions

The whole Positions Section has been revised (Click on “Positions” at top of blog). Check it out

This is a dollar dropping rally. Don’t get a sugar high from it.


Long Term Outlook = CAUTIOUSLY BULLISH

See Changes in STRATEGY, POSITIONS, & OVERVIEW sections of blog

AS ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING!

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