Friday, September 11, 2009

PPI

http://www.briefing.com/Investor/Public/Calendars/EconomicCalendar.htm Kick up in inflation would be good for those worried about inflation, bad for current FED activities....YET...long bond yield fell on the news...

Richard Russell I was told last night warned his subscribers about a "RARE DOUBLE NON CONFIRMATION" where recently the DOw was at new high for move but transports were not, then now the trensports are and the DOw is not.....he said he has only seen maybe this happen 3 X (he's in 80's) and could be a sign of a TOP.....just a heads up, not many agree with him

Notice how NO MSM news about how NASTY SEPT-OCT can be? If they were ALL harping about it, worried about it, talking about it, probably NO chance of a ....accident....

D

2 comments:

Anonymous said...

What is really surprising to me is that the Indexes have not had a significant pullback given the very light trading volume.

Every time the market looks like it will break down it roars to another high.

I don't think the lousy fundamentals will catch up to this market. In summary I exect another shake out similar to 2008.

Duratek said...

"I don't think the lousy fundamentals will catch up to this market."

I have to disagree...maybe mkt is saying they WILL improve, we dont see it yet, but it is WELL documented by those not being paid off to manipulate....shits getting worse...even less worse is a joke to celebrate.

Buying companies at fair prices, or at huge discounts as they get beaten up sets you up to have better chance to win.

LTBH has failed last 12 years...CASH has outperformed mkt...and bonds.

WHAT is our money but worthless paper that our govc says is legal tender to pay liabilities...we are $12 TRILLIOn IN DEBT and rising....when will someone step forward and put a stop to this?

The mkt fools a lot of people, I like using Dow Theory for big turns.
In 2007 I Posted the transports were diverging as the Dow was headed to new highs....I said " a bear market may be approaching"

ALL the while those in power told YOU not to worry, we got this...did they? ALL STILL HOLD THE HIGHEST positions of financial power over us....NO ONE calling them out.

D