So you think we're not in a recession or depression? When we're not burning oil at an expanding rate, actually when this happens, we're in global contraction or worse. Something Very Strange Is Taking Place Off The Coast Of Galveston, TX
Then add this, as I've mentioned this time has an eerie 2007 feel to it with us being in recession and everyone is in complete denial. Retail Sales Miss Across The Board - 2nd Weakest Year-Over-Year Gain Since Financial Crisis
And I'll throw this one in - What Rate Hike: Annual PPI Drops Most On Record Even As Gas Prices Rise In October Gotta love rising gas prices with the oil situation mentioned above.
On to the lie -
And yesterday the plethora of Fed speak delivered .... absolutely nothing. Confusion still reigns. Never fear, they are setting up another massive short squeeze that will be fueled by promises of moar QE. Wait for it .... wait for it ....
SPX 5m - good close up look at the current move south.
SPX 30m - Underthrow pos divs but in this case the indicators reaffirmed weakness. Unusual very bearish market stance. HnS targets 20 (a number many of us like). An underthrow of the falling megaphone would fit the standard pattern they've used in the past in such situations. Of course explosion up usually (all but one time it got worse that I can remember) follows the underthrow.
SPX 60m - No positive divs?
Freedom watch -
Friday the 13th and mystery object WT1190F is going to crash into the earth today. Interesting to a good degree. Many what ifs associate with this impact. Just fun to think about the possibilities.
More to come below.
Have a good weekend.
GL and GB!