COMMENT: Good day from Chatham, Ontario Canada (50 miles east of Detroit 42.4048° N, 82.1910° W); Interesting your models are warning of the next year’s results in climate change. Our location is always the first to plant in Canada as it is the same latitude as northern California. A few climate tidbits; – As of […]
COMMENT: So guess what. I’ve always played the gaps when one elects and it’s a decent size and it lines up with the arrays and technicals I’ll get in and sell at the touch of the next reversal after the gap. Easy. But last month for the first time I tried trading against the reversal […]
Australia’s center-right government won a surprise victory over the left. Voters backed the center-right government in a slowing economy for another three years and rejected the opposition’s progressive agenda, which has been pretty out there at times. Despite trailing in most opinion polls for years, Scott Morrison’s Liberal-National coalition won by attacking Labor’s pledge to […]
This is the winter that does not want to leave. It is still raining and snowing in California, even in May, as reported by the LA Times. We are experiencing a long protracted winter in many areas. This does not bode well for the summer, which also appears to be shorter. If this unfolds and […]
QUESTION: Wasn’t there an income in Britain under Addington in 1803 to pay for the war against Napoleon predate the USA? Is the income tax voluntary? GH ANSWER: Yes that is true. However, it actually predates even that. Income tax was first implemented in Great Britain by William Pitt the Younger in his budget of December […]
In 2009, Al Gore forecast that there would be no ice by 2013. The BBC reported those crazy forecasts back in 2007. I have explained many times that the forecasting methods used is to assume whatever trend is in motion will remain in motion forever. In other words, if the Dow Jones were to […]
ASIA / AUSTRALIA: Luckin Coffee, a Chinese coffee company (whom many consider growing competitor to Starbucks) successfully raised 651 million in an IPO in the US. The stock initially rallied up from $17$ to $25, and closing the day just over $20 (+19.88%). The global markets slipped today over reports that the US and China […]
COMMENT: I took the tour of the Vatican museum and the sculpture collection is unsurpassed. It was great that a pope told the people to bring statues to the Vatican rather than destroy them as some pagan god. The guide also pointed out how the best art was the first century and the quality diminished […]
QUESTION: I see all of these people calling for a major crash of 50%+. With interest rates so low and the dividends on the Dow twice that of interest rates, does anyone look at yield anymore? PH ANSWER: I fully agree. The yield on the Dow Jones is 2.34%, which is about comparable the 10-year […]
