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Income Equality

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Berkley Economist Emmanuel Saez

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Top 1% make 93%

of the gains in 2010

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The first post recession data has been compiled by an academic (One that doesn’t work for the 1%) economist  Emanuel Saez. Story at Huffington Post

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Damn Its great to be

a millionaire/billionaire in America

.

Remember middle class working Americans -

Vote to Keep their tax rate at just 15%

Let them cut more of

YOUR Social Security and Medicare instead


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Rush Limbaugh

Update

12 companies have dropped Limbaugh and several radio stations. The Best source on updates is Media Matters.

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STOCKS

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Wall Street Bull & OWS Symbol

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Insight into how Investors411 evaluates stocks, markets and trends can be found in the STRATEGY Section of the blog.

  • Yesterday Investors411 warned of “some other dark clouds on the horizon”. Technically a pull back (say 3 to 5%) would be healthy for the market. So would a flat consolidation period. It now looks more like we may get the pull back.
  • Daily stock pattern has been a sell off in the AM and a recovery later in the day. Also, low volume, partly due to investors waiting for employment numbers at end of week.
  • News out of Europe is not good today. Probably Greece. Iran war fears will scare investors.  Major event of week is employment report Friday. Short term :cry:
  • The long term trend – Don’t fight the Central Banks – As long as they are dumping liquidity (printing money) to cover up losses anyone who has thought stocks would falter over the last three years has been on the wrong side of this trade.
  • How to measure if Trend is OK in USA – The ten year treasury bond is at  a low 2.05%. “Operation Twist” ($400 billion in Fed $) is keeping it that way. Low interest rates forces money seeking higher returns into stocks. When this rate start to rise into a danger zone I’ll let you know.
  • Our #1 technical forecasting tool, the McCellan Oscillator (MO) is at -47.45.  (for more see  STRATEGY link at top of blog and scroll down) Very close to oversold territory which starts at -60. = NEUTRAL
  • How to tell is the Trend is OK in Europe – Our canary in the coal mine – the 10 year Italian bond. The ECB has introduced $1.33 trillion of liquidity driving bond prices down.

  • Italian 10 year bond yield reversed direction and rose today to 4.99% (7:00 AM EST) Well below the 7.00% Danger Zone.

Bottom Line –  A buy the dip opportunity may be opening up for both long term investors and short term traders. More tomorrow.

NB _ Investors411 has recommended USO or UCO (Options – Calls if you like)  as a hedge against and Iran attack that would decimate a long term portfolio.

Always check out –

Your Stock List 2012

at bottom of POSITIONS Section of blog.

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See Paul’s updates on YSL 2012

in the comments section of blog

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Longer Term Outlook

3 months+

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Still

CAUTIOUSLY BULLISH

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AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING

ALL TRADING INVOLVES RISK AND POTENTIAL LOSS OF PRINCIPLE

CHECK ALL DATA, I MAKE MORE THAN GRAMMAR  ERRORS.

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