I’ve been a bull for a long, long time and like everyone, I was waiting for a correction but this is something different,” said Acampora, who many chartists refer to as the “godfather” of technical analysis.
Ok, take your pick, skiis or that other one.
If you STILL cant land safely after several weeks on the slope of the chart, that means you should keep your money for a while longer.
UNLESS YOU ARE RIGHT IN THE MIDDLE OF THE CRESCENDO SELLOFF.
If you bought the other day, the S&P will NOT get over 2765. That would be the sell point. And yes, this is the suckers rally if you bought today. It is wednesday, and the S&P is approaching the 200 day MA.
While Reps are important, they are a small percentage of the world investor community. AND this is your very typical DEAD CAT BOUNCE.
There are two unusually HUGE Ongoing threats to mankind, and one has nothing to do with Global Warming.
1. The kill off of the insects. The insects are dying. Look it up, do not believe me. I think the best Culprit is EMP, from Cell phones. If it was the small increase in temperature, the insects would just fly away to the correct area. This is an overall decline. Certainly, more than likely it is multifactorial.
Bottom line, the canary in the coal mine DIED and no one noticed.
2. This has NOTHING at all to do with Global warming. This is bad luck. The most densely populated area of Volcanism in the world is in the West Antarctic Ice Shelf. Because the volcanoes are under miles of ice, they had to detect them by their emissions of isotopes of helium. Last June they did so, and it made the news. The real news. Check out Nature communications, for the posting by a number of scientists. They already knew that the volcanos were there, under the ice, but now they know that they are causing the warming and the increasingly common calving of state sized icebergs.
It could stop.
If it does not stop there goes about 20-30 feet of sea level in our lifetime, and I am now 61.
Really.
It happens a day at a time, you get older. And yes, the volcanos are in the VERY worst spot in the entire world, directly under all of the ice that could increase sea level. That would be one thing, but they also heated up a few years ago, and are melting the ice.
Lions and Tigers and Bears.
Oh My.
Vulcanism is a process that has something to do with rubber, or the TV movie crowd. This is volcanism. That would be a real live natural process.