Market Musings
The FED is on a mission to destroy the economy in an effort to
defeat inflation which is the result of massive government
deficit spending.
The YTD data for the major stock market indices remains well in
the red with the DJIA only down 18.6% this year while the NASDAQ
has lost over 30%.
Until Congress stops spending deficit dollars, the outlook is
bleak. While the U.S. dollar appears strong against the rest
of the world, it will be just a matter of time before its value
craters.
Do not be surprised if the NASDAQ falls through 8,000 and the
DJIA falls to the 25,000 level.
It now appears that the "science" about the Covid epidemic has
caused significantly more long-term harm than doing nothing would
have. The scary effects on blood seen by morticians in
deceased vaccinated people should send shivers through the
population. Where was the control group?
Until the Biden Administration takes seriously the impact of
open borders and a failed education system, the outlook is less
than rosy.
Shadow Government Statistics suggests the Biden Administration
reports are not correct.
The Acc/Dis has fallen back below the red line. The bear market is still with us.
Remember -- "Only purchasing power counts!"
It is difficult to find long-term trading opportunities with the
future so uncertain. By any reasonable measure, this market is
dangerous.
Be careful ....
To review the 09/16 FlowChart, click
here.
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