Hmmm. Looks like it’s been an opportunity to buy the dips, maybe out and then ride the year-end or more? Or maybe an upcoming double top. Volume unknown though. Anyway, too much overall general negativity and even still climbing the wall of worry short term. Surprise coming up or down. Greed still reigns human emotion but fear is close behind lately
The Tom DeMark (TD) method implies the potential for an exhaustion high and qualification of a TD Sell Setup (and sell signal) this week with a close above 1356.78 but below 1397-1415 for the week.
The rentier oligarchs appear to be funding Rmoney (a.k.a. as Obomney) for the office of the “Bought House” and CEO of the militarist-imperialist Anglo-American corporate-state. Wall St. and the Pentagon need another war to keep the dwindling tax receipts flowing to those at the top of the hierarchy of power relations.
Remember, war is politics by other means. Politics is economics. War is economic policy by other means. War is politics is economics.
Also, war is the business of empire, and war is good business.
Accumulate on seasonal and cyclical pullbacks anything associated with the effects of overpopulation, resource constraints, war, food, energy, and the mass-automation and elimination of human labor, e.g., smarts systems, robotics, nanotech, genomics, biotech, quantum/molecular computing, etc.
Speculating in securities related to the subsistence and discretionary consumer spending, including “sickcare”, of the bottom 90-99% of households will be a loser.
In a zero-sum secular bear market, end of the mass-consumer economy, “end of history”, and a ruthless global last-man-standing contest for the remaining resources of the planet, speculators such as we are have little choice than to try to accumulate as many fiat digital debt-money book entry credits while we can from the suffering of untold billions of others before automation eliminates virtually all jobs, incomes, and purchasing power of the masses, and gov’t receipts, and the system collapses on itself.
This is the nature of evolution of successfully adaptive (“sociopathic”) humans, superior machine intelligence, and the hierarchical aspect of the planetary super-organism manifesting its symbiosis with adaptive humans and superior machine intelligence; to think otherwise is naive and will result in one becoming a victim of Nature and circumstances.
Therefore, the overwhelming majority of the planet’s human population will be unable to compete, adapt, and survive against eventually complete robotic automation of even Asian slave labor, not to mention successfully compete for dwindling resources per capita against 7 billion other human apes who are inferior to machine intelligence dominating an intelligent-systems society, which is becoming symbiotic with the ecological system of the planet.
We human beings are in the process of innovating our way to a future that does not require the overwhelming majority of us in order for the “humachine” super-species to adapt and evolve at the planetary scale.
For most of us, this scenario is just science fiction or terrifying and likely to evoke an angry response. For others, it will be a relief and an invitation to let go of all of the illusory nonsense our culture imposes upon us.
Gary, it would be instructive if everyone in the financial (dis)services industry referred to stock market activity as “speculation” instead of “investing”, and “gambling” when the activity is occurring in a zero-sum environment of a secular bear market as we are in today. I have no confidence that this will ever happen, of course.
There is “saving” (spending less than one earns), “investing” (increasing the capital stock of the real economy by deploying financial and physical capital, labor, and resources to increase production and actual “wealth”), “speculating” (risking financial capital to sell at a future gain), and “gambling” (betting on “winning” from outcomes on the basis of myriad “schemes”).
Most so-called “money managers” are in fact really “asset gatherers and fee scalpers” who are charging so-called “investors” (savers turned unwitting “speculators”) 1-2% of AUM to accumulate financial capital with which to “speculate” or “gamble” with other people’s money. This phenomenon does not just apply to the Wall St. con men and fraudsters but virtually everyone in the financial services sector, whether they admit it or not.
Therefore, I argue that it is fraud to claim to be a “money manager” who “invests” in financial market securities. Alternatively, I advocate being honest that you and your peers are actually “speculators” and often “gamblers” in a zero-sum casino environment in which only the house and select house-sponsored gamblers actually “win” at the expense of other unsuspecting gamblers. Admitting the situation does mean that one is confessing to fraud; rather, it is an admirable ethical disclosure of the true nature of the occupation and of the financial markets such that so-called “investors” are made fully aware of where their money is going and the zero-sum nature of the financial markets.
Moreover, once strictly intended to be used as “insurance” or as hedging devices against point and tail risk, derivatives are now used with massive leverage to “create risk” from which to attempt to profit while creating outsized systemic risk in the process.
Beyond that, high-frequency trading (HFT) is nothing more than an incremental step beyond video gaming as entertainment in that it is hardly more than a “black-box” (“X-box”), non-transparent automated means by which to game “speculators” and “gamblers” and their unsuspecting investor-turned-speculator/gambler clients’ assets. HFT should be prohibited in the financial markets and instead invited to register in Lost Wages, Atlantic City, Monaco, and Macau to create virtual stock exchanges for gamblers to game each other virtually 24/7 to their hearts’ content.
We in the English-speaking world have created man-god icons out of financial speculators, gamblers, grifters, and rentier plunderers claiming to be brilliant capitalist “investors” and persons of laudable character, who have accumulated nearly half of all US financial wealth and 20-25% of all US income for themselves.
If one were to be honest with oneself and reflect on the actual reality of the situation described above, one would have to admit that “speculating” and “gambling” are not productive activities, and one would be far more inclined to deploy one’s talents, skills, and efforts towards productive endeavors for oneself, family, community, and society.
Gary your earlier video with Stan Weinstein said it all. He didnt expect much of a sell off this summer and it appears he is spot on.
Hmmm. Looks like it’s been an opportunity to buy the dips, maybe out and then ride the year-end or more? Or maybe an upcoming double top. Volume unknown though. Anyway, too much overall general negativity and even still climbing the wall of worry short term. Surprise coming up or down. Greed still reigns human emotion but fear is close behind lately
The Tom DeMark (TD) method implies the potential for an exhaustion high and qualification of a TD Sell Setup (and sell signal) this week with a close above 1356.78 but below 1397-1415 for the week.
Rmoney outraising Obummer.
The rentier oligarchs appear to be funding Rmoney (a.k.a. as Obomney) for the office of the “Bought House” and CEO of the militarist-imperialist Anglo-American corporate-state. Wall St. and the Pentagon need another war to keep the dwindling tax receipts flowing to those at the top of the hierarchy of power relations.
Global resource wars becoming the norm.
Remember, war is politics by other means. Politics is economics. War is economic policy by other means. War is politics is economics.
Also, war is the business of empire, and war is good business.
Accumulate on seasonal and cyclical pullbacks anything associated with the effects of overpopulation, resource constraints, war, food, energy, and the mass-automation and elimination of human labor, e.g., smarts systems, robotics, nanotech, genomics, biotech, quantum/molecular computing, etc.
Speculating in securities related to the subsistence and discretionary consumer spending, including “sickcare”, of the bottom 90-99% of households will be a loser.
In a zero-sum secular bear market, end of the mass-consumer economy, “end of history”, and a ruthless global last-man-standing contest for the remaining resources of the planet, speculators such as we are have little choice than to try to accumulate as many fiat digital debt-money book entry credits while we can from the suffering of untold billions of others before automation eliminates virtually all jobs, incomes, and purchasing power of the masses, and gov’t receipts, and the system collapses on itself.
This is the nature of evolution of successfully adaptive (“sociopathic”) humans, superior machine intelligence, and the hierarchical aspect of the planetary super-organism manifesting its symbiosis with adaptive humans and superior machine intelligence; to think otherwise is naive and will result in one becoming a victim of Nature and circumstances.
Bill Joy (2000): The Future Doesn’t Need Us.
Therefore, the overwhelming majority of the planet’s human population will be unable to compete, adapt, and survive against eventually complete robotic automation of even Asian slave labor, not to mention successfully compete for dwindling resources per capita against 7 billion other human apes who are inferior to machine intelligence dominating an intelligent-systems society, which is becoming symbiotic with the ecological system of the planet.
We human beings are in the process of innovating our way to a future that does not require the overwhelming majority of us in order for the “humachine” super-species to adapt and evolve at the planetary scale.
For most of us, this scenario is just science fiction or terrifying and likely to evoke an angry response. For others, it will be a relief and an invitation to let go of all of the illusory nonsense our culture imposes upon us.
Gary, it would be instructive if everyone in the financial (dis)services industry referred to stock market activity as “speculation” instead of “investing”, and “gambling” when the activity is occurring in a zero-sum environment of a secular bear market as we are in today. I have no confidence that this will ever happen, of course.
There is “saving” (spending less than one earns), “investing” (increasing the capital stock of the real economy by deploying financial and physical capital, labor, and resources to increase production and actual “wealth”), “speculating” (risking financial capital to sell at a future gain), and “gambling” (betting on “winning” from outcomes on the basis of myriad “schemes”).
Most so-called “money managers” are in fact really “asset gatherers and fee scalpers” who are charging so-called “investors” (savers turned unwitting “speculators”) 1-2% of AUM to accumulate financial capital with which to “speculate” or “gamble” with other people’s money. This phenomenon does not just apply to the Wall St. con men and fraudsters but virtually everyone in the financial services sector, whether they admit it or not.
Therefore, I argue that it is fraud to claim to be a “money manager” who “invests” in financial market securities. Alternatively, I advocate being honest that you and your peers are actually “speculators” and often “gamblers” in a zero-sum casino environment in which only the house and select house-sponsored gamblers actually “win” at the expense of other unsuspecting gamblers. Admitting the situation does mean that one is confessing to fraud; rather, it is an admirable ethical disclosure of the true nature of the occupation and of the financial markets such that so-called “investors” are made fully aware of where their money is going and the zero-sum nature of the financial markets.
Moreover, once strictly intended to be used as “insurance” or as hedging devices against point and tail risk, derivatives are now used with massive leverage to “create risk” from which to attempt to profit while creating outsized systemic risk in the process.
Beyond that, high-frequency trading (HFT) is nothing more than an incremental step beyond video gaming as entertainment in that it is hardly more than a “black-box” (“X-box”), non-transparent automated means by which to game “speculators” and “gamblers” and their unsuspecting investor-turned-speculator/gambler clients’ assets. HFT should be prohibited in the financial markets and instead invited to register in Lost Wages, Atlantic City, Monaco, and Macau to create virtual stock exchanges for gamblers to game each other virtually 24/7 to their hearts’ content.
We in the English-speaking world have created man-god icons out of financial speculators, gamblers, grifters, and rentier plunderers claiming to be brilliant capitalist “investors” and persons of laudable character, who have accumulated nearly half of all US financial wealth and 20-25% of all US income for themselves.
If one were to be honest with oneself and reflect on the actual reality of the situation described above, one would have to admit that “speculating” and “gambling” are not productive activities, and one would be far more inclined to deploy one’s talents, skills, and efforts towards productive endeavors for oneself, family, community, and society.
Gary your earlier video with Stan Weinstein said it all. He didnt expect much of a sell off this summer and it appears he is spot on.