Blogs

In these two YouTube videos, motivational speaker Anthony Robbins issues dire economic and stock market warnings. 

http://www.youtube.com/watch?v=Z_rShZA_IjE&feature=player_embedded

http://www.youtube.com/watch?v=LZuJqrcwrEU&feature=player_embedded

Since our last update a week ago in this blog the DJIA remains in a downtrend and is bearish per key technical indicators, and is in the red for the calendar year thus our in-depth study from last issue remains valid and is the basis for our current outlook and positional balance. 

Here is a partial recap of key open positions, per the entry & exit levels suggested in TREND Technical Trader :

1/2 DVT long + 20 %  Remains in a long-term uptrend and well above our stop loss level.  

We suggest there is a zero percent chance of a double-dip recession, given that there is no evidence either empirical or official that the current recession begun in 2007 has ended.  In other words, we are still well within the first dip ergo no 2nd dip is currently possible.

The August 22nd Flash Rpeort has been sent to subscribers.

Here is an epiphany for those still clamoring to stimulate consumer spending: people who are over-extended on credit and under-employed, or unemployed, do not do a lot of shopping.

America's job market stats provide the catalyst for a secular shift down in retail sales:
-- Over 8 million jobs have been lost since the recession "officially" began in December 2007.
-- 14.6 million Americans are out of work. It will take several years to replace the jobs that are now missing.
-- 6.6 million Americans have been out of work six months or longer.

So many experts call for the demise of all fiat currency.  Some of these are highly respectable and experienced commentators. 

Since the last TTT, dated July 12th, nothing has changed in the markets and in our outlook, so we have not wished to bother readers by saying we've nothing to say.

The DJIA remains in a downtrend, below key averages, and is in the red for the calendar year, thus our in-depth study from last issue remains valid and is the basis for our current outlook and positional balance.  So too vis-a-vis our study of gold last issue and subsequent update in this blog.

Deflation continues, and the masses who wrongly fear hyperinflation cannot ignore the evidence. 

Notes on 2-year U.S. bonds are now at the lowest yield of their 234-year history, below half a percent. 

Back in March we warned that a major move in interest rates was imminent, and shortly thereafter the move began.  We used TLT and TBT to make our illustrations and now we find these ETF's breaking to new highs and lows respectively. 

What really makes us nervous in this market is that we see a lot of risk in the markets right now, but we do not see that reflected in the VIX volatility index. As we can see on the following chart, the VIX index is declining, meaning that investors are becoming more and more risk tolerant, which to us is a dangerous stance in this current market.