The Syrians seem to expect an attack on their country. The Syrian government is allegedly moving sensitive state archives out of Damascus. Rockets are being sent to the Hezbollah militia in Lebanon. What is going on?
As the economy shifts from expansion to contraction in a normal cyclical economy with moderate inflation, typically the first market to turn down is the bond market. Martin Pring talks about the business cycle's effect on the stock market in this article: http://www.pring.com/articles/article8.htm.
Last Friday the Federal Reserve released the industrial production numbers for May, which showed stagnant growth with zero growth over April's levels and capacity utilization falling two-tenths of a percent to 81.3%.
"Our society isn't a society anymore," wrote Anna Politkovskaya in her Russian Diary. "It is a collection of windowless, isolated concrete cells...." Russia has returned to the overt despotism of a counterintelligence regime, and the West has returned to Munich, to the ignominy of 1938, to appeasement and cowardly retreat.
One of the wonderful attributes of technical analysis is the ability to go back in history to view how prices performed and visually compare their traits with events that are happening today. The past performance of the financial market is never an indicator of future results, but we can learn from the past to avoid repeating mistakes.
The bond sell-off that began last month with the 10-year UST rising from a low of 4.602% on May 11th to a high of 5.316% yesterday may have reached a short-term top with the RSI near 90, the highest level seen in more than 20 years.
Is it possible to get what you want by behaving badly? Consider the recent dispute between Russia and America over missile defense in Europe. Russian President Vladimir Putin warned NATO against deploying a missile defense system for Europe...
America's real enemy is big, whether you measure him at 6.6 million square miles (Russia) or number him at 1.3 billion people (China). A few thousand Muslim fanatics hiding in caves cannot match the power of governments that control the largest and most populous countries respectively.
Too many amateur investors get into an investing theme, then quickly get bored. These investors need to appreciate the long term bull market in natural resources.
During the final phase of the Russian long-range strategy, it is ignorance and confusion that rules Washington. There is no coherent strategy, no plan for final victory.