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REVIEWING THE 1930s . The Principle of Knowing History . Let me get down on paper a bit about President Hoover (1928 to 1932) and President Roosevelt and the 1930s after nearly finishing up THE FORGOTTEN MAN (2007) by Amity Shlaes. Again, let me recommend you get yourself a copy as today’s happenings...
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TECHNICAL VIEW . The Principle of Technical Analysis . I don’t want to jinx myself but I can’t keep quiet. Not after hearing the usual Wall Street mantra again this morning. That is, that no one can time the stock market so it’s always best to ride out its ups and downs. I mean this...
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SOME REASONS FOR A BEAR MARKET RALLY Written Friday, October 17th, 2008: 6:30 am 1. Obviously, IBD says we’ve set up properly for a rally as I spelled out above. Schwartz View: Diluting the strength of yesterday’s bullish follow-through day in the Dow Industrials and S&P 500 was the fact...
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The Principle of Understanding History & The Principle of Technical Analysis . Written Tuesday, October 7th, 2008 OK, yesterday I heard one analyst, I believe it was Liz Ann Sounders, chief investment strategist for Charles Schwab say the recent sharp year-over-year (yoy) stock market decline is...
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THE BIG PICTURE Today’s Big Picture view revolves around the probable coming re-regulation of the financial markets. History shows regulation of markets is similar to a grandfather’s clock pendulum swinging back and forth although not as regular. A brief look back to the start of the 20 th...
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THE BIG PICTURE Written Monday, September 29th, 2008: 6:30 a.m.. What happened in Congress last Friday – House Republicans refusing to go along with the government’s rescue plan – was caused by political/economic ideology combined with Americans not wanting to bail out Wall Street....
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THE FIRST INFLATION SURGE IN 25 YEARS IS OVER. So, what now? First, let me give credit when credit is due. Federal Reserve Chairman Ben Bernanke and the Fed finally got one right. They’ve been promising us moderating inflation for a year or more and now with -30% lower crude oil prices and a big...
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Richard Schwartz 's PRINCIPLES OF THE STOCK MARKET A learning, teaching, always evolving stock market letter and advisory service Seventeenth Consecutive Year of Publication ; Letter #1; September 18 th , 1990 Post Office Box 1236 · New Paltz, New York 12561 - U.S. A. · (845) 255-6894...
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FEEDBACK LOOPS: A VICIOUS CYCLE . I’m slowly yellow-highlighting passages on every page of the little gem of a book I found at the annual New Paltz library sale: THE RETURN OF DEPRESSION ECONOMICS (1999) by Paul Krugman. For those of you who are students of economic history, ala my Principle of...
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THE STOCK MARKET Hope camouflaging a water torture, drip-by-drip decline is one way of describing today’s stock market. The big problem with all the bottom calling a few months back by Bob Doll, BlackRock’s “Trillion Dollar Man” , by Mad Man Cramer last week and by Investor’s...