Charting Stocks

News of a leaked memo by Nationalized Citigroup CEO Vikrim Pandit sent the markets soaring 5% today. The memo states that Citi is profitable for the year. We’ll wait and see if Mr. Pandit’s optimism makes its way to the company’s next earnings release. Judging by previous and similar such statements by Citigroup’s CEO, we [...]

1929 Wall Street Stock Market Crash

Note: The shoe shine story was about Joseph Kennedy not Bernard Baruch.
Richard Whitney, President of the New York Stock Exchange peddling fear. National Securities Exchange Act will destroy the stock market and capital.

Morgan Stanley’s UK equity strategist Graham Secker painted a bleak economic picture for the United Kingdom. In his morning forecast, Mr. Secker warned that UK profits could fall by 60% in the current downturn – a worse performance than the great depression of the 1930s.
“We now forecast UK profits [will] fall by 60% across 2008 [...]

A few select quotes during the depression years of 1929 to 1931.
Notice the “Expert” opinions which convey optimism, the bank bailouts, government assurances, the Hoover (Paulson) plan,  and the deliberate attempt by the main stream media to manufacture consent for bailing out Wall St. Has anything changed?
“There is no cause [...]

Gold futures jumped as high as $998.50 an ounce.  as investors spooked by the sell-off in U.S. stock futures and international stock markets sought safety in the precious metal. The April delivery contract rallied to an intraday high of $998.50 an ounce, which is just a few dollars below the psychological resistance point  of $1,000 [...]

2009 will be a year of complete destruction for the US economy. 5 Million will lose their jobs. The Dow Jones Industrial average will break below 6,000. Municipalities will fail. Insurers will fail. The unemployed and foreclosed American population will take to the streets and begin rioting. The Greatest Depression is upon us.
Sound far fetched? [...]

The nations number 2 toy retailer, KB stores has declared bankruptcy and will close down it’s 277 stores citing a “sudden” drop in sales. The companies 11,000 employees will be left looking for work.
KB Stores was founded in 1922. The store began as a candy wholesaler and later grew to become one of the largest [...]

Are you one of the millions of Americans that has a portion of their retirement assets in annuities? If so, you MUST read this.
Thanks to their hefty brokerage commissions, annuities have become one of the most widely sold and marketed financial products in the US today. Variable annuities have upfront sales costs which range from [...]

Charting Stocks
First time readers are encouraged to read my 2007 outlook report which was written on January 1, 2007. Click the link below to read.
The Coming Stock Market Crash of 2007
In my previous post, I mentioned that the short term move up would most likely stall at 13,500 on the Dow Jones Industrial Average. I [...]

Charting Stocks Update
August 19, 2007
“The US government is on a ‘burning platform’ of unsustainable policies and practices with fiscal deficits, chronic healthcare underfunding, immigration and overseas military commitments threatening a crisis if action is not taken soon.
..These include “dramatic” tax rises, slashed government services and the large-scale dumping by foreign governments of holdings of US [...]