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Limbaugh Exodus

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“Take the bone out of you nose and call me back”

Limbaugh to Afro American woman caller

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  • Media Mattes reports of the 86 adds on the Limbaugh show yesterday 77 were public service announcements.
  • Only two of these adds were intentional. The other 7 have announced they are trying to get their adds off.
  • 50 advertisers have Dropped Limbaugh

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Video of Rush Limbaugh

Seventy Sexist Smears

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  • The Mays family that founded Clear Station – owner of Limbaugh show and other similar shows – are massive contributors to the Romney campaign
  • As mentioned previously on this blog  -  Bain, Romney‘s firm, along with another company own Clear Channel

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Misogynist and racist bullies, will proliferate unless WE take a stand


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International Woman’s Day

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Yesterday was the 101st International Women’s Day.

Lets take a look at the growing global impact of women economically

To my three outstanding daughters and life partner – I’m damn proud of everything you’ve accomplished. Most of all putting up with me.

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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.

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Headline

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Central Banks

Push Markets Higher

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  • They seemed to have kicked the can down the road again in Greece and not created a Lehman Brothers type event that would ripple though the unregulated casino of credit default swaps.
  • This has been accomplished by the ECB basically printing even more $$$ than our Fed- WSJ story
  • Today’s monthly jobless number should not be a major factor, unless it goes well outside expected results 8.3% unemployment and 200,000 jobs created.
  • Results Are – Rate flat at 8.3% and 227,000 jobs created. Both Jan & Feb revised up. A bit better than expected.
  • The long term trend remains (sorry for the repetition) - “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.”

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Old Faithful

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Almost too good to be true. Old Faithful – The McCellan Oscillator – has worked yet again as an indicator of at least a short term bottom.

  • From Wednesday – “Our #1 technical forecasting tool, the McCellan Oscillator (MO) is at -87.13.  (for more see  STRATEGY link at top of blog and scroll down) Oversold territory which starts at -60. OMG oversold starts at -90 =BULLISH” Today the MO has risen/stands at to -18.31. Just a tad bullish, but lots of room for either bears or bulls = NEUTRAL
  • From Wednesday - A three year chart of the MO shows it has dropped below -87.13 only 7 times. The lowest of those lows was @-140 after the end of QE 2 in April of 2011.
  • One of those 7 times the MO got below -80 over the last three years it did do a double dip a couple weeks later to a lower number. There is a significant chance of this happening again. (See Bottom Line below)

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Canary in A European Coal Mine

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  • Italian 10 year bond yield again this AM to 4.76% (7:00 AM EST) Well below the 7.00% Danger Zone.
  • European canary still singing Ode to Joy.

Bottom Line – This was mentioned in the comments section yesterday.

Many many retail investors (long term holders) have left the market since the 2008 meltdown. Many of those that remain have waited for a break even point where they could get out without losing $$$. Major US indexes are near that point now so there should be some additional selling into rallies.

It would be healthy for markets to move sideways or take at least a 3 to 5% dip after a 20+% run higher since October. But stocks and economies are being manipulated by Central Banks and this might not happen.

If the liquidity keeps flowing stocks will keep growing

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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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