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Showing posts with the label stocks

4th of July (2013)

I don't think that anything happening in America on this July 4th comes at all close to the huge party happening in Tahrir Square and other parts of Egypt last night.  Boy...what a party.  When I was young, my mental image of Egypt was pyramids.  Now, it's green lasers.  Anyway, who knows how that will turn out. As for the United States, I'm more negative about it than at any point since the Bush administration.  In fact, it might be a new low, because the lesser of the two evils is showing himself to be a pretty pathetic lesser evil. To me, it seems that American rights are under attack.  On top of that, I am absolutely convinced that the whole American and world economy is a Ponzi scheme.  I don't think that we'll even have one more year of this tepid growth.  Ten years from now, we'll look back at  the days of   this poor economy and remember them as the good old days. Some Romans lived through the fall.  If you know about ...
I was wrong. I admit it.  I was wrong...at least with the timing.  I thought that the stock market would peak by at least the end of March (if not the end of last year), and it still blasted higher in April and May. So until I'm right, you don't have to believe me when it comes to this.  But do you think that perhaps the stock market might take a dive soon?  It looks set up to do so...if not now then sometime before the end of the year. What do you think? Below is a Dow Jones Industrial Average chart from 1973 to the present, showing clearly the three bubbles we've had - the tech  bubble, the housing bubble, and the QE bubble (which hasn't burst yet). https://www.google.com/finance/getchart?q=.DJI&p=40Y&i=86400