Category Archives: On Markets

Not my favorite subject today, I’m not gonna lie to you. On January 26, 2018 the American stock market made the final top in the Grand Supercycle bull market that began in 1784. The previous top of similar degree occurred … Continue reading →

On January 26 I posted an essay in which I said: “…the market is in the process of coming to a catastrophic end.” (Newer readers can view the entire essay by scrolling down past this one.) Shortly after reading my post, … Continue reading →

This wont take long: stock owners should be aware that the U.S. stock market is now in  the process of coming to a catastrophic end. Rising hundreds of points day after day turns an investment arena into a gambling den … Continue reading →

What is Bitcoin? Trying to read Wikipedia’s entry for Bitcoin will put you in a permanent state of confusion. Here’s the elevator answer to the question: Bitcoin is a digital asset, that is, its existence is in the form of … Continue reading →

Stare at the chart below, history is being made: A rational buy-and-hold investment strategy, cultivated by persistent increases over several decades, has come to a frightening  moment in the U. S. stock market. The Dow Jones Industrial Average has soared … Continue reading →

The mind wants to know all the world, and all eternity, even God. The mind’s sidekick, however, will settle for two eggs, over easy. –Annie Dillard, The Abundance Riffing on my favorite TV meteorologist (Look it this picture, folks, isn’t … Continue reading →

The following is quoted from the August 4, 2017 issue of The Elliott Wave Theorist. Permission granted by  Bob Prechter, author. “…the setup is reminiscent of 1929, which kicked off the biggest bear market in U.S. history with a crash that erased … Continue reading →

It is said that the market climbs a wall of worry. That is certainly so in the first leg up. Just when it seems the problems of the recent depression are being dealt with, a break in the action pulls … Continue reading →

There is always an abundance of stupid stuff going on at big market tops. This one is a stunner: The VIX is a sentiment indicator that shows the implied volatility ahead. Low volatility is associated with rising markets and high … Continue reading →