Monday, February 28, 2011
Sunday, February 27, 2011
Saturday, February 26, 2011
Warren Buffett's 2010 Letter to Berkshire Hathaway (BRKa) Shareholders
Warren Buffett's 2010 Letter to Berkshire Hathaway (BRKa) Shareholders, see http://www.berkshirehathaway.com/letters/2010ltr.pdf.
Friday, February 25, 2011
Thursday, February 24, 2011
Look Out Precious Metals Bugs, Reliable Lead Indicator NEM Fell Out of Bed Today
Look Out My Fellow Precious Metals Bugs, Reliable Lead Indicator NEM (see one year Lead Indicator chart at http://finance.yahoo.com/q/ta?s=GDX&t=1y&l=off&z=l&q=c&p=v&a=w14,w14,w14,fs&c=nem,gld,slv) Fell Out of Bed Today 2-24-11, see http://stockcharts.com/freecharts/gallery.html?s=nem.
Wednesday, February 23, 2011
"We are socialists, we are enemies of today's capitalistic economic system"
By OncealwaysaMarine on Yahoo
Hitler was a Leftist Progressive “workers party” man.
"We are socialists, we are enemies of today's capitalistic economic system for the exploitation of the economically weak, with its unfair salaries, with its unseemly evaluation of a human being according to wealth and property instead of responsibility and performance, and we are all determined to destroy this system under all conditions." --Adolf Hitler
(Speech of May 1, 1927. Quoted by Toland, 1976, p. 306)
The 25 points of the NSDAP Program were composed by Adolf Hitler and Anton Drexler. This is basically the National Socialist German Workers Party Platform.
It included measures that in effect would redistribute income and war profits, profit-sharing with large industries, nationalization of trusts, extensive development of old-age pension (just like FDRs Social Security Program), and free education. Clearly this demonstrates Hitler was indeed a left winger.
They were publically presented on 24 February 1920 "to a crowd of almost two thousand and every single point was accepted amid jubilant approval." (Mein Kampf, Volume II, Chapter I) Hitler explained their purpose in the fifth chapter of the second volume of Mein Kampf:
[T]he program of the new movement was summed up in a few guiding principles, twenty-five in all. They were devised to give, primarily to the man of the people, a rough picture of the movement's aims. They are in a sense a political creed, which on the one hand recruits for the movement and on the other is suited to unite and weld together by a commonly recognized obligation those who have been recruited.
Hitler was intent on having a community of mutual interest that desired mutual success instead of one that was divided over the control of money or differing values.
THE COMMON INTEREST BEFORE SELF-INTEREST -
THAT IS THE SPIRIT OF THE PROGRAM. BREAKING OF THE THRALDOM OF INTEREST - THAT IS THE KERNEL OF NATIONAL SOCIALISM.
The first 10 items on the National Socialist German Workers Party dealt with citizenship. The next 15 dealt with socialization of the private sector. Following are a few that closely align with the Progressive ideology that is, thankfully, is being widely and aggressively rejected by the American people:
"We demand therefore:
11. The abolition of incomes unearned by work.
The breaking of the slavery of interest
12. In view of the enormous sacrifices of life and property demanded of a nation by any war, personal enrichment from war must be regarded as a crime against the nation. We demand therefore the ruthless confiscation of all war profits.
13. We demand the nationalization of all businesses which have been formed into corporations (trusts).
14. We demand profit-sharing in large industrial enterprises.
15. We demand the extensive development of insurance for old age." (Social Security under "Progressive" FDR- Obamacare under Obama)
American "Progressives" are fond of throwing the Hitler references around - the race card having been completely played to exhaustion and irrelevance - but when you look at Hitler's beliefs and his social philosophy, he could have almost been FDR's "Progressive" brother. When you look at Hitler's religious views and his hatred of Christians and Jews, you will see that from top-to-bottom what the Progressive Movement has evolved into here in America with the rise of anti-Semitism on the left coupled with the persecution of Christianity --it's almost chilling. The similarities you see between the radicalization of the Democratic Party (who, by the way are openly calling themselves Democratic Socialists and the Worker's Party) and the Nazism of Adolf Hitler draw a rather startling parallel ascendancy.
~oam
"We are socialists, we are enemies of today's capitalistic economic system for the exploitation of the economically weak, with its unfair salaries, with its unseemly evaluation of a human being according to wealth and property instead of responsibility and performance, and we are all determined to destroy this system under all conditions." --Adolf Hitler
(Speech of May 1, 1927. Quoted by Toland, 1976, p. 306)
The 25 points of the NSDAP Program were composed by Adolf Hitler and Anton Drexler. This is basically the National Socialist German Workers Party Platform.
It included measures that in effect would redistribute income and war profits, profit-sharing with large industries, nationalization of trusts, extensive development of old-age pension (just like FDRs Social Security Program), and free education. Clearly this demonstrates Hitler was indeed a left winger.
They were publically presented on 24 February 1920 "to a crowd of almost two thousand and every single point was accepted amid jubilant approval." (Mein Kampf, Volume II, Chapter I) Hitler explained their purpose in the fifth chapter of the second volume of Mein Kampf:
[T]he program of the new movement was summed up in a few guiding principles, twenty-five in all. They were devised to give, primarily to the man of the people, a rough picture of the movement's aims. They are in a sense a political creed, which on the one hand recruits for the movement and on the other is suited to unite and weld together by a commonly recognized obligation those who have been recruited.
Hitler was intent on having a community of mutual interest that desired mutual success instead of one that was divided over the control of money or differing values.
THE COMMON INTEREST BEFORE SELF-INTEREST -
THAT IS THE SPIRIT OF THE PROGRAM. BREAKING OF THE THRALDOM OF INTEREST - THAT IS THE KERNEL OF NATIONAL SOCIALISM.
The first 10 items on the National Socialist German Workers Party dealt with citizenship. The next 15 dealt with socialization of the private sector. Following are a few that closely align with the Progressive ideology that is, thankfully, is being widely and aggressively rejected by the American people:
"We demand therefore:
11. The abolition of incomes unearned by work.
The breaking of the slavery of interest
12. In view of the enormous sacrifices of life and property demanded of a nation by any war, personal enrichment from war must be regarded as a crime against the nation. We demand therefore the ruthless confiscation of all war profits.
13. We demand the nationalization of all businesses which have been formed into corporations (trusts).
14. We demand profit-sharing in large industrial enterprises.
15. We demand the extensive development of insurance for old age." (Social Security under "Progressive" FDR- Obamacare under Obama)
American "Progressives" are fond of throwing the Hitler references around - the race card having been completely played to exhaustion and irrelevance - but when you look at Hitler's beliefs and his social philosophy, he could have almost been FDR's "Progressive" brother. When you look at Hitler's religious views and his hatred of Christians and Jews, you will see that from top-to-bottom what the Progressive Movement has evolved into here in America with the rise of anti-Semitism on the left coupled with the persecution of Christianity --it's almost chilling. The similarities you see between the radicalization of the Democratic Party (who, by the way are openly calling themselves Democratic Socialists and the Worker's Party) and the Nazism of Adolf Hitler draw a rather startling parallel ascendancy.
~oam
Tuesday, February 22, 2011
Monday, February 21, 2011
Sunday, February 20, 2011
The Euro ETF FXE had a Bearish Major Volume Spike on Friday
The Euro ETF FXE had a Bearish Major Volume Spike on Friday, see http://stockcharts.com/freecharts/gallery.html?s=fxe. The Euro's Short Term Upcycle of the past week is probably peaking/peaked (volume spike is probably confirming the price spike), which is bearish for SPX/the Market, and, many important stocks/index components like AAPL (http://stockcharts.com/freecharts/gallery.html?s=aapl), WMT (http://stockcharts.com/freecharts/gallery.html?s=wmt), and XOM (http://stockcharts.com/freecharts/gallery.html?s=xom) also had bearish major volume spikes on Friday 2-18-11.
Also, the CBOE Index Put/Call Ratio closed at a high modestly bearish level of fear on Friday = 1.43.
Also, very important is that "the money" (follow it, lol) is in a short term downtrend. Weekly Fed Credit rose +$22.580 Billion on 2-16-11 versus +$30.947 Billion on 2-9-11 for a bearish delta/change of well over -$8 Billion, and, Fed Credit was $14.234 Billion on 2-18, $17.894 Billion on 2-17, and $18.968 Billion on 2-16 (declined sharply at week's end), so, "the money," the most important indicator, is short term bearish, and, it'll be difficult for the Fed to grow credit at more than their recent levels, or, to even maintain recent levels of credit.
Saturday, February 19, 2011
Friday, February 18, 2011
Thursday, February 17, 2011
Wednesday, February 16, 2011
Tuesday, February 15, 2011
Monday, February 14, 2011
Sunday, February 13, 2011
Saturday, February 12, 2011
My Annotated Chart for the Important SPX Elliott Wave Update
Here's my annotated chart for the important SPX/S & P 500 Elliott Wave Update, see http://yfrog.com/h22uwp.
Friday, February 11, 2011
Important SPX Elliott Wave Update
Important SPX (S & P 500, http://stockcharts.com/freecharts/gallery.html?s=spx) Elliott Wave Update. I might/should also do an annotated chart soon.
I'm using the Short SPX ETF SH's second Weekly View chart to do the SPX Elliott Wave count analysis, see http://stockcharts.com/freecharts/gallery.html?s=sh, and, StockCharts.com has labeled all the important cycle highs and lows since the 3-6-09 (SPX 666.79 Major Cycle Low) SH Major Cycle High.
Wave 1 Down appears to have bottomed at 63.30 in June 2009. Wave 2 Up peaked at 69.32 less than a month later. Wave 3 Down and probably also Wave A Down of SH's Major Downcycle since 3-6-09 bottomed at 47.37 on April 26 2010 (there's an inverse Elliott Wave 12345 down up down up down pattern from 3-6-09 until 4-26-10 = Wave A Down).
Wave 4 Up and probably also Wave B Up of SH's Major Downcycle since 3-6-09 peaked at 56.04 on July 1 2010 (I'm assuming SH hit important cycle highs/lows on the same dates that SPX did).
So, the Short SPX ETF SH is probably in Wave 5/Wave C Down of the Major Downcycle since 3-6-09, and, it's probably Wave 5 Down of Wave 5/C Down, which means that SPX (S & P 500, http://stockcharts.com/freecharts/gallery.html?s=spx) is probably in a final Wave 5 of Wave 5 Up move now. Ciao
Thursday, February 10, 2011
Wednesday, February 9, 2011
The Most Heavily Weighted Component of SPX Might Have Peaked
The Most Heavily Weighted Component of SPX (http://stockcharts.com/freecharts/gallery.html?s=spx) Might Have Peaked (XOM/Exxon Mobil is about 3.81% of SPX as of 2-9-11), see http://stockcharts.com/freecharts/gallery.html?s=xom. Note the recent two day major volume spike, which jives with a potentially important cycle high occurring; volume confirming price action.
Tuesday, February 8, 2011
Monday, February 7, 2011
Sunday, February 6, 2011
Saturday, February 5, 2011
Friday, February 4, 2011
BAC's Elliott Wave Count is Bearish for the Market Next Week
BAC's (Bank of America) Elliott Wave Count is Bearish for the Market Next Week, see http://stockcharts.com/freecharts/gallery.html?s=bac.
Since the recent cycle high at 15.31 (labeled in chart) BAC did a three day Wave 1 Downcycle to 13.94 (labeled in chart), followed by a Wave 2 Up that peaked the next day at 14.70ish, and, Wave 3 Down (also probably Wave A Down of the Downcycle since the 15.31 cycle high) bottomed two days later at 13.40 (labeled in chart).
BAC's bounce the past eight days, that might have peaked with a bearish double top at 14.47 the past two days, see http://stockcharts.com/freecharts/gallery.html?s=bac, is probably the counter trend Wave B and Wave 4 Up of the Downcycle since the 15.31 cycle high, so, the Financials and the Market are likely to be weak next week, or, at least have difficulty making much upside progress.
This is a good example of how downcycles usually follow an inverse Elliott Wave 12345 down up down up down pattern within a usually more pronounced Elliott Wave ABC down up down pattern.
Thursday, February 3, 2011
Wednesday, February 2, 2011
Tuesday, February 1, 2011
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