Former CIA Director R. James Woolsey tells NewsMax in an exclusive interview that terrorists could strike the American homeland � possibly with a weapon of mass destruction � this summer or early fall...
Broad market swings are very predictable when you start adding up the technicals:
- For the last two weeks the market has seen significant distribution as about 25% of NYSE stocks hit new lows.
- The DJI and S&P 500 hit new highs as declining stocks very, very, sharply outnumbered those advancing by a large margin. (very unusual magnitude)
- The Russell 2000 saw a new high and then sharply declined over 10%.
- Foreign banks are not faring as well as the ones here.
-- And the Coppock Guide oscillator (very accurrate) is showing a very good possibility of a sharp drop.
These are what they are - symptoms. Compare them to historical precedent and you can begin to surmise that things are leaning toward a potential of a market drop/recession, and that this market is not risk free.
What the Kabook has been saying is that the housing debacle could lead to a recession, and that the market had not corrected adequately, which increases the probability that a correction could occur. Right now we don't know if the feds cash infusion action Friday will provide a short term or long term solution. The Kabook has been saying that this is not a low risk market. To those invested in housing stocks this has been a tough market.
You might take a look at the Coppock Guide. This is a slow moving and very accurate (oscillator) indicator that has formed a double wave. These (7 historical instances) have always preceeded very sharp corrections. '73 '87 '98 to mention a few.
In the end all we have is historical data and precedent from which to draw conclusions/decisions. Right now a lot of the data is indicating caution...
["Read it for yourself, moron."]
Each of these is at least 1 year old:
["Nowak, an Austrian law professor, was in Geneva to present a report on detainee conditions at the U.S. prison in Guantanamo Bay, as well as to brief the U.N. Human Rights Council, the global body's top rights watchdog, on the situation of torture in countries around the world...
"Nowak has yet to make an official visit to Iraq, and said such a mission would not be feasible as long as the security situation was so dangerous. He based his comments on interviews with people during a visit to Amman, Jordan and other sources..."]
These are no doubt the same people who estimated over 600,000 Iraqi's have been killed since the war started! That would mean nearly 500 Iraqi citizens per day since the war started.
The Guardian is a U.K. publication, and we know the European press is to the left of the mainstream media here.
An extreme left website
TruthDigs sister website
TJ, is this the best you can do? Once again you are easily pummeled...
Read it for yourself, moron.
In this month's Road & Track. Apparently in 1963, Herbie Hancock had his first professional success. He got a royalty check for $3,000. A friend of his told him about this brand new sports car called the Shelby Cobra, and Herbie had never heard of it. But he went down to the dealer in Manhattan, and ended up buying what was the sixth production Cobra ever built. It was a 260 C.I. model, with a two-barrel carb, apparently the only Cobra ever built that way. Hancock used it as a daily driver in New York City! He drove it to gigs all over the country, and drove the car until 1990. Then he replaced it with a Ferrari, but he kept the Cobra. So now Herbie Hancock is the longest original Cobra owner except for Carroll Shelby. Can you imagine using a Cobra as your daily driver from 1963-1990?