Zachary

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A handwritten letter arrived in my mailbox last week from a reader. In it was a note from whom I would guess is an elderly gentleman, thanking me for my work both on Slope and on Tastytrade, but politely asking me to use the phrase “God damn it” less frequently, since he found it upsetting.

The handwriting on the paper trembled like leaves in an autumn breeze, and it was obvious it took time and effort to send me this two-page missive. It meant something to him.

It never occurred to me that I ever used this phrase in a video, let alone often enough to cause concern. All the same, the letter, as with the many other letters I have received over the years, made an impression. For one thing, it made me wonder how angry I must be in order for this kind of sentiment to seep through, since I wasn’t even aware I was saying it.

Which leads me to the topic at hand. Specifically, a man. A terribly deformed man whom I think about almost daily. For now, I’ll call him Sup. (more…)

The Meek Shall Inherit the Earth

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These videos are not “news”, but they are quite interesting.

The first one, from early in 2009, shows Congressman Alan Grayson grilling Donald Kohn (of the Federal Reserve, in case it wasn’t screamingly obvious already) about where the $1.2 trillion of taxpayer money was sent (we all know the answer – Goldman Sachs – but it’s fun watching Kohn-head squirm anyway).

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When Confidence Crumbles

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Once again we awake to an array of seemingly contradictory news and reports across the spectrum. Whether it be Ebola, the financial markets, or just plain ordinary life in general. It seems everything is once again in turmoil.

The issue at hand is migrating from worrisome to darn right alarming. And that’s not counting the general public at large. That speaks directly to the very one’s trying to re-establish confidence.

Today, what was once presumed as “a troubling situation in competent hands.” Now appears more inline with the space between “in” and “competent” being a typo. (more…)

Market Summary; Saturday Morning Cartoons

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Allow me to share a simple sketch I drew that was part of an NFTRH interim update for subscribers last night. The black line is where we have been. The blue line is a projection of what a typical correction (whether a healthy interim one or a bear market kick off) might look like.

marketgraph

We used real charts of the Dow, S&P 500 and Nasdaq 100 to gauge the entry into the current correction and now the resistance points to the expected bounce off of the US market’s first healthy sentiment reset in quite some time. But our cartoon above gives you the favored plan on how the correction could play out. (more…)

The Monetized New Millennium

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I’m certain that the Pompom waving Stock Market fanatics and official Federal Reserve cheer-leading squad will have a hard time accepting this, but fortunately, despite their fantasy football gymnastics, facts remain facts.  As such, I will categorically point out that even with its substantial sell off, Gold remains by far the best performing asset class of the Monetized New Millennium.  That veritable fact is as startling, as it is significant. (more…)