After the Dead Cat
OK, so when the market tanked 250+ points on Friday, what should the market have done on Monday? A bounce, got it - the so-called Dead Cat Bounce. (A term my cat Zeus detests, b ut go with me on this and ignore him for a minute…).
So usually when a bounce happens, it will come close to either 38.2%, 50%, 61.8%, 75%, 80% and so forth…all well-described technical bounces. So out comes the calculator:
Thursday to Friday decline last week: 249.85 Dow points.
High of Monday compared to the Friday low: 170.85 points.
Divide 170.85 by 249.85. Answer: 68.38% which is close enough to 61.8% for me.
Another way to work it would be to look at the Friday low to Monday high run (218.79 point) and compare this with the Thursday high to Friday low, which would give you a 62.58% bounce which is even closer to the idealize Golden Ratio which is roughly 61.8%.
Not to draw this out (since I don’t get paid by the word) but the upshot/generalization is that the DCB may be over and the markets may move lower today. What’s this headline here? “US stock futures follow global markets down.”
Why, golly sakes, how about that? You are looking surprised, right?
Dollar Bashing Department
Here’s a very interesting press release for you: Author Says G-20 Meeting in Scotland this Week about Dumping U.S. Dollar:
“Best-selling author Daniel Estulin states that the key issue to be discussed this week at the G20 Finance Ministers and Central Bank Governors Meeting, being held in St. Andrews, Scotland, is how to bring down the present world financial system through dumping the US dollar.
(Vocus/PRWEB ) November 3, 2009 — Best-selling author Daniel Estulin states that the key issue to be discussed this week at the G20 Finance Ministers and Central Bank Governors Meeting, being held in St. Andrews, Scotland, is how to bring down the present world financial system through dumping the US dollar. Estulin first reported on this initiative as being deliberated at the most recent Bilderberg meeting held in Greece in May 2009. Estulin says that the success or failure of this callous plan hinges on the ability of the US and UK representatives to convince the Russian, the Chinese and other national governments to go along with their scheme.
Estulin maintains that if the co-conspirators succeed, such sudden devaluation of the US dollar would result in the sinking of the world economy through a chain-reaction collapse of the entire world’s financial system. As discussed during the Bilderberg Group’s super-secret conclave back in May, this breakdown would then be used as an excuse to launch a new world monetary system. G20 leaders are aware that those who run the monetary markets, the monetary system, control the world. That is why today, the world is run through a dominant one-currency monetary system and not by national credit systems.
Kinda poetic, ain’t it? Going to a legendary site of ball-bashing…except this time it’s not golf balls… it’s ours.
20% A Week Inflation
Where? Right here in the USA. Proof needed? OK, then, how else would you explain the projected cost of the new healthcare bill going from about $1-trillion last week to $1.2 trillion in a report this morning? I figure that as 20% a week inflation, don’t you? Seems it was down around $900-billion the week before…so there’s something of a trend here, isn’t there?
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No, don’t bother calling Washington about it. The people back there aren’t responding to pleas an d calls from the home district anymore. They didn’t in the 2008 print out of money for bankers and they’re not going to stop now. There’s an “election” to raise money for and things like healthcare are a golden opportunity for fund raising, right?
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No point signing my petition to ban all members of the House and Senate from accepting a single damn dime from anyone outside of their home district. They’d NEVER pass that kind of pro electorate legislation. Why, that would destroy one of the main funding vehicles for MainStreamMedia! Get serious.
BBC
No, not the esteemed broadcast journalists…I’m talking the British Bailout Crap which is under the heading “RBS, Lloyds get $51 Billion in Second Bank Bailout” from the UK’s generous taxpayers. So, let’s see…um…how brain dead are the UK’s inhabs?
Let’s consider the facts: Got Gordo Brown at the helm, the world’s most intrusive camera system, and enough people spying on one another to make the STASI envious. Why these frogs are halfway to boiling - print up more money and hand it to the banker class! You bet!
High Costs of War
Before you read the WSJ story “Suicide Toll Fuels Worry that Army in Strained” you might want to click up the 1970’s Johnny Mann Singers version of the M*A*S*H Theme. Original title if you weren’t conscious yet: “Suicide is Painless.” It’s not - as any surviving family knows and the Army is learning.
This Means What?
The headline “Clinton urges restraint in push for Mideast peace” has me wondering WTF? Restraint in the pursuit of peace? I must of skipped a brownie or something. Oh, I see…she’s really asking for folks to set aside their differences - check. That makes sense…much as anything does in that part of the world.
Climate of Abuse
Apparently, no one has explained to Africa’s leadership that globalism has usurped the whole concept of level playing fields and this current nonsense about global climate change is nothing more than a new & improved version of colonialism as the expense of guess who? Why if all people in the world were equal, about the first ones to give up something would be the 20,000 square foot house/private jet setters and we just know they are not our equals.
Look: if genuine global equality (all souls weigh the same) was followed as a concept, there’d be 100% turnover of the global elite and that would never do… Would someone please explain to them how this industrial-colonialism stuff is politically correct and they are the bottoms, please?
Sheesh. Gettin so a fella can’t dream of setting up sweat shops without crossing the palms of petty bureaucrats at ever higher levels of the game…
Czeched Off
That one small step for globalism…as a “Czech Court gives go-ahead to Lisbon treaty.”