Chart Of The Day: Overbought Gets More Overbought

11 SPX 50 AR

One Comment

  1. Enjoy your Chinese enrichment trip – I was wondering why no one is looking at the Dry Ship Bulk index indicators….
    You talk about dismal – what I like to do is look to my neighbors and friends to gauge the economy. I do not hear
    much talk of advancement and corporate raises, promotions and transfers etc.. It is not that I have not seen some
    evidence – I am in the custom home building market but it is tepid at best – additionally, housing numbers came in and
    they were down – but market dipped and rebounded. How is it that oil now at $40.00 with no OPEC control and storage
    is at all time highs?… This is much like the calm and ignorance before the end of the first Quarter numbers come in
    and disappoint. You also referenced the auto loan delinquencies at all time highs – there are many signs of mold that
    is starting to grow on the Jello – that is likely going to be giggling on the plate again soon.

    One last sad observation in my local area – the only thing that seems to be expanding into vacant strip mall buildings is the springing up of Goodwill stores and Salvation Army stores. Is that the kind of small business growth we are looking for? Do you know how much the CEO and upper management make at Goodwill – Millions! You like to talk about Shams/scams and hypocrisy – this is certainly one to look at like many of the so called Charity organizations.

    I love your radio show and listen everyday – love 98% of your views although – I would contend and submit to you that climate change is real – I would encourage you to go on a cruise to Alaska for your next expedition and see the polar ice before it is gone for good…

    We absolutely do need to address our Debt and you are great to keep the mantra of getting this under control ….before it is too late.

    Best regards, Rich in AZ

    PS – I met you briefly at the end of the seminar you did in the Scottsdale museum and had expressed my condolences for the loss of your radio partner friend –

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