QUESTION: Marty, you said the “main resistance stands for this week at 20505.” The Dow stopped today at 20504.41 and closed on the high. Nobody produced numbers like you do. The Dow goes up and the euro declines. I can connect the dots. Is this correct? ANSWER: Correct. It is the capital flows and Europe […]
A little profit-taking in the Nikkei today ahead of the FED semi-annual address was to be expected but todays price fall was probably more than most expected. The Nikkei declined 1.15% in todays trading with more concerns over the alluded slowed down after Finance Minister (and deputy Prime Minister) Taro Aso remarked it may take […]
Happy Valentine’s Day which has evolved into simply a tradition of showing one’s love for someone of the opposite sex including your mother or daughter. There has been a growing movement among some Islamic countries to outlaw Valentine’s Day. The latest to join that movement outlawing any outward celebration of the day is Pakistan. […]
I explained that the poles of the Earth move. On the Sun, they flip every 11 years and that is part of the Sunspot phenomenon. The poles are by mo means constant. They migrate routinely. However, about the time that Global Warming appears to have peaked, the poles also shifted direction in 2000. The North […]
The NOAA is now claiming that independent studies confirm they are right and that global warming is real. The claim only reveals once again how dishonest the NOAA is really acting. This new compilation of temperature records they say is etched into ice cores, old corals, and lake sediment layers, all reveals a pattern of […]
On the one hand it would be nice to see Trump tell California go ask Mexico for aid since Trump is NOT their President. The California debt and unfunded liabilities exceeded $400 billion last year without a prayer of reducing this crisis. The California pension liabilities are way undervalued for they are based upon […]
QUESTION: You said Trump should concede that his immigration order does not apply to people already with green cards and visas. Your position seems to be practical. Was the order properly written and interpreted? Thanks PY ANSWER: The order was not written by anyone who understands Constitutional Law in my “opinion” for it should have […]
Another strong opening session for the week in Asia with equity markets improving from where they left-off on Friday. The news over the weekend that North Korea had tested weapons failed to scare markets as much as it did the media. Japan’s GDP was a touch under expectation but the Nikkei was pulled along with […]
Friday’s closing at 20,298.21 in the Dow was still bullish and the main resistance stands for this week at 20505. Exceeding that level and a close above it on Friday would point to an extension into next week. The top of the channel in the 20,700 area. Exceeding that level will warn that we could […]
The constant protests by the Entertainment industry against Trump will not subside. There is only one way this is going to end and that is blood in the streets. The riots will only escalate and the left ALWAYS becomes violent. They would not even allow the education secretary to enter a school. The Grammy show […]
