Bull Market

If the S&P can’t break through the 2940 level, the bull market is over.  The 2940 level has now been tested 5 times and failed each time.  Failing to break through 2940 would make 2940 the first lower high.

My Story

Capitalism

Capitalism is the only economic system that produces any value, in the form of new products and new services and all the employment necessary to produce those products and services.

But you do need some government oversight.  Private companies are driven by their financial self-interest, not the public good.  A company will sell you arsenic if they can make a profit and think they can get away with it.  So that’s where government comes in — a watchdog to make capitalism benign instead of predatory.

My Story

All That Glitters

I have an investment analyst who has the theory that a very long sideways move will have an exceedingly large and long breakout to the upside or down when the breakout finally does happen.  Gold has been in a sideways movement now for 7 years.  I think its time has come, especially as the Fed seems to be talking easy money again.  The government thinks nothing of trashing the currency if that is the way to keep the bull running.  I leave it to you whether that is wise.

My Story