JP via RSS
Ahooga 11,154.55~ The Boy who cried Bear…
The popular Dow hit a new high today:
http://stockcharts.com/charts/gallery.html?indu
We all know about the boy who cried wolf and was not believed. Not to be confused with Chicken Little.
By the end of this trend, we may all have to think and act for ourselves.
This is a short epistle, perhaps the last for a while.
It is ultimately hard to remain objective about the markets when (almost) everybody else is desperately plunging into them.
Either the ISEE computers broke today, or we are in uncharted territory.
http://www.ise.com/WebForm/viewPage.aspx?categoryId=126
The ISEE C/P Equity Ratio this morning set off an alarm.
The opening volume C/P Equity Ratio made an all-time, off the charts record this morning at 9:50 AM ET of +722%.
ie, over 7 opening calls for every opening put.
April 19th, 2010 at 12:31 pm
“Rich”,
Thanks so much for your continued warnings of reality. I am one of those little people who have not been bailed out. I have been trying to convince friends and family that the system is going to eventually go bust but most of them do not see it, they all think that if something happens, it will happen gradually, in a managed kind of way and we will all be just fine. But the “double dip” that is coming is going to overwhelm the system. Just trying to hold on right now (survival mode!), don’t even have the money to subscribe to your investment letter. But I will be looking here and on Rick’s site for your comments – always appreciated!!!
Also, a quick question. I think you have said you have some sort of Bible background (Christian Science I think you said???). Do you think the present corruption of the financial system can lead to a One World Government that can then be co-opted by a dictator??? Just seems like all the pieces are falling into place rather quickly (history does not repeat but it rhymes). The present derivatives/debt crises could be an excuse for pushing for it (the “Global Governance” movement), all for the truly humanitarian and morally good reason of solving our problems. But the Bible says such a financial system will be co-opted by a strongman dictator – Revelation 13. Wondered if you think this is only symbolic and not literal and for the possibility of it happening. Thanks for any insight. The reason – solving our problems in the midst of a Greatest Depression will have far reaching implications for individual and Sovereign freedoms, losing those to a (supposedly) benign Global Government. Some people hope for this, but the Bible seems to say that such a Government will not be, in reality, what those people hoped for.
Tom
April 19th, 2010 at 12:33 pm
Did not know my name would be published, please take out if you can, thanks.
Tom
April 20th, 2010 at 10:49 pm
Aloha Tom
Appreciate your concern about your full name and asked the administrator to remove your last name as soon as possible.
Also grateful for your comments, no doubt of widespread concern around the world in this time of great change and literal upheaval.
Rather peripatetic personal religious background includes many disciplines from a young age.
Walked Christ’s footsteps in Jerusalem and on Patmos Island, where Saint John was exiled, ate lichens and wrote the Revelation Apocalypse. After taking the Bodleian Library Oxford oath, to use only pencil and not light a match, studied the final book of the Bible extensively and cross culturally at Radcliffe Camera Religious Library.
Fascinating.
Each age, from Moses, Solomon, Daniel, Isaiah, the Babylon and Roman sackings of Jerusalem and Desolation of Abominations in 558 BC and 70 AD, thought they lived in the end times at one point of the 50-year Jubilee Generation cycle and 496 year cycles of outer planets.
Acquired a 1941 Bible in England that thought World War II was the end times fulfillment of the prophecy.
Best selling Time and Money author friend Robert Gover makes much of the outer planet cycles and aspects that define significant economic changes. Market astrologer friend Arch Crawford suggests the cycles coming up this summer may be the strongest for thousands of years. Sleeping Prophet Edgar Cayce, who read the Bible every year, said we would know the end times by earthquakes, unusual weather and volcanoes.
Revelation may be a figurative, literal and symbolic warning for all times.
Zbigniew Brzezinski described the Technetronic Society and George Orwell warned of totalitarian Big Brother in 1984. Much of these came to pass, with continual warfare, spying on citizens and totalitarian mind control technologies.
FDR reminded US during the last Great Depression and War the only thing we had to fear was fear itself.
Our well-educated founding fathers believed each and every one of us had inalienable rights to life, liberty and the pursuit of happiness that came not from government, but Our Creator. They said so in the Declaration of Independence. They did their best in our Constitution to design a balanced government and Bill of Rights to protect our freedoms. At various crucial times we have the right and responsibility to defend our Constitution and our freedoms.
Every free man must know and practice them, the Ten Commandments and the Greatest Commandment by heart.
At the end of the day, no one can take away our sovereign freedoms unless we give them away. As Ben Franklin warned, surrendering freedom for the promise of security gains neither. I have every confidence that as/if governments run out of money or collapse, good people will rise to barter, grow their own and live the good life described in all Spiritual Traditions.
Aloha Regards*Rich