For the past few years, I have been curious as to how Christianity came about. Although I grew up as a believing Christian I started questioning it in college and eventually gave it up. I read Josesph Atwill’s Caesar’s Messiah. Atwill illustrates that the New Testament Gospels actually parallels the military campaigns of Titus Flavius from Galilee to Jerusalem.
Stocks had a mixed week after last Friday’s large drop. Both the Dow Jones Industrial and S&P 500 are resting on support. Should they break below their trendlines, it could usher in a fairly large correction which would coincide with what is historically a volatile time for stocks – the months of September and October. Both the S&P and Dow Industrials are above their 200 day moving averages.
Attention now to crude oil. I am seeing patterns in oil that look bullish. On the daily chart, oil is carving out a descending triangle formation, which is a continuation pattern. By “continuation”, oil should continue the previous trend which was UP. A decisive drop below the lower blue line however may negate the bullish bias. I’ll be watching this closely.
On the weekly chart, oil is also carving an upside down Head and Shoulders pattern, which is bullish as well.
I have long considered the financial market to be in a bubble and I have long considered it risky to put new money into stocks. However I realize that bubble-like conditions can last a very long time. If you have money already invested in the markets, stay in. If you want to put new money into stocks, I would recommend you wait until late October or early November before you get back in. This way you avoid investing in what can be a historically volatile period for the financial markets.
It’s little wonder why the WTC 7 building is not discussed in the media. WTC 7 is the “Achilles’s heel” of the 9/11 official story. While media attention has centered around the Twin Towers and Pentagon, few people know much about Building 7. This 47-story building collapsed in the late afternoon of September 11. If you showed a video of WTC 7 collapsing to a random person who didn’t know what he was looking at and quizzed him what he thinks the cause was, I would say there’s a 95+ percent chance he wouldn’t say fire. However, the official account was that fires caused this building to go down. I suggest you watch the following video:
Leading up to the Labor Day holiday, little action has been seen in the markets. Watching the markets during the last six weeks has been akin to watching grass grow. It has gotten very boring. That may change after this weekend, which officially marks the end of summer and when people are back to work.
The Dow Jones Industrials and S&P 500 have both continued above their 50 day and 200 day moving averages, which signifies a stable market.
Considering the magnitude of the financial bubble the global markets are in, from a technical and fundamental standpoint it is risky putting new money into stocks. However if you are already invested in the markets, stay in it. I would recommend not making major investments in real estate or business ventures as well.
Little action in the markets during the past couple of weeks. It does look like correction is soon approaching. I counted an Elliott five waves from the January lows in the Dow Jones Industrials. Wave number five may not be completed, however there are indications such as the diverging MACD (a momentum indicator) that the uptrend, at least in the short term, is waning. The recent high of 18668 is barely higher than that of the 18662 high in mid July. The MACD has been declining since as seen circled below, a clear divergence.
I am making a revision to my long term forecast for stocks. Below is my previous labeling of the Dow Jones Industrials which encompassed the giant triangle formation starting in 2000. I believed that the Dow would soon top and then drop to 5000 within a few years. I then predicted the Dow would make a new all-time high of perhaps 30-40k by year 2025 or 2030. That would be the final leg (Wave 5 of 5 in Elliott Wave terms) of the great bull market that started a hundred years ago.
I now give a greater possibility that the current seven year bull market IS the final leg of the bull market. The giant triangle pattern from 2000 to present is not an expanding triangle five-wave pattern. The formation from 2000 to 2009 is a three-wave “zigzag” pattern.
Erectus Walks Amongst Us, by Richard Fuerle, challenges the political correctness and mainstream assumptions about race, genetics, and the origin of modern Man. I found the book absolutely amazing in terms of information. Much of the stuff I never heard before. I had briefly written a review of this book earlier this year. This article explains more in depth about my findings. BTW, a hard copy of Fuerle’s book is over $150 from Amazon the last time I checked. Fortunately you can read it here for free: http://erectuswalksamongst.us. I am not writing this out of prejudice or hate but to better inform.
The out-of-Africa theory goes something like this: all humans on earth evolved from Africa (By “Africa”, I’m referring to sub-Sahara Africa). Africans migrated out of their continent around 65k years ago. They first replaced the Asians and then the Europeans. Because of their superiority and strength, the Africans were able to replace the more primitive populations of homo erectus and neanderthals in those continents. Thus everyone’s roots can be traced back to Africa. According to Wikipedia, the OOA theory is the most widely accepted model of the geographic origin and early migration of anatomically modern humans among paleo-anthropologists. I will show you, based on the book, that this theory is flawed.
“Throughout history, most of the instances of people from one region attacking and conquering substantial portions of another region have involved ‘northerners’ invading more southerly lands.” (Hart, 2007).
Last week, the Dow Jones Industrials lost 139 points and the S&P 500 was virtually flat. The market continues the week with little change.
The Dow Transports, as I’ve noted in the past, still lags the Industrials and S&P 500. While the Industrials and S&P 500 have made recent new highs, the Transports is still 16 percent below it’s November 2014 high of 9300. This is likely a telltale sign of the weakness of the markets overall. Whether this trend continues or not remains to be seen.
Economy will continue to expand slowly for 2016, but will likely plunge next year. I advise you to stay liquid and put off major purchases such as real estate, major business investments, and medium to high-end automobiles. You should start taking money out of the banking system and into gold, cash, Treasury bills, and Bitcoin. Do not wait until disaster strikes – react BEFORE disaster strikes.
Both the S&P 500 and Dow Jones Industrials made new record highs this week. Stocks have rallied for three weeks in a row following the Brexit drop. The bull market, which started in March 2009 is now seven years old. How long will the rally continue?
Although I believe the next crisis will be deflationary, I don’t have a crystal ball. I believe the best strategy to preserve your hard earned savings is to prepare for both the scenarios of inflation and deflation. You should divide your assets evenly between those that will benefit during inflation and those that will benefit during deflation.
It is true that much of what has taken place in America over the last 100 years has been constant inflation mixed with a few very brief spurts of deflation. Most of the time your assets would be fine parked in gold, silver, stocks, bonds, real estate, and collectibles. But the history of constant inflation has made most believe deflation will never happen and few are prepared for it. Again, that’s why you need to prepare for both.