Wednesday, May 26, 2010
thought for the day
The world is a dangerous place to live, not because of the people who are evil, but because of the people who don't do anything about it. ...Albert Einstein
Tuesday, May 25, 2010
Saturday, May 22, 2010
Stock may plunge big-time
According to an article on moneynews.com the worst is yet to come.
Stock may plunge big-time, so investors should get out of the market, says Richard Russell, editor of the Dow Theory Letters. The important indicators are the Dow Jones industrial average and the Dow Jones transportation average, he wrote in a note to subscribers. “If the two averages violate their May 7 lows, I see a major crash as the outcome,” Russell said, according to Bloomberg. “Get out of stocks now (except for gold related shares), and I don’t give a damn whether you have paper losses or paper profits.” “If I read the stock market correctly, it’s telling me that there is a surprise ahead,” Russell wrote. “And that surprise will be a reversal to the downside for the economy, plus a collection of other troubles ahead.”
Russell, 85, has put out his newsletter every three weeks for 52 years.
The market started signaling trouble in early April, when the number of stocks reaching 52-week highs began slipping and the number of falling stocks began to exceed rising ones, Russell says.
Stock may plunge big-time, so investors should get out of the market, says Richard Russell, editor of the Dow Theory Letters. The important indicators are the Dow Jones industrial average and the Dow Jones transportation average, he wrote in a note to subscribers. “If the two averages violate their May 7 lows, I see a major crash as the outcome,” Russell said, according to Bloomberg. “Get out of stocks now (except for gold related shares), and I don’t give a damn whether you have paper losses or paper profits.” “If I read the stock market correctly, it’s telling me that there is a surprise ahead,” Russell wrote. “And that surprise will be a reversal to the downside for the economy, plus a collection of other troubles ahead.”
Russell, 85, has put out his newsletter every three weeks for 52 years.
The market started signaling trouble in early April, when the number of stocks reaching 52-week highs began slipping and the number of falling stocks began to exceed rising ones, Russell says.
Friday, May 21, 2010
thought for the day
To reach a goal you have never before attained, you must do things you have never before done. --Richard G. Scott
Thursday, May 20, 2010
Wednesday, May 19, 2010
Thursday, May 13, 2010
thought for the day
Failures are divided into two classes - those who thought and never did and those who did and never thought. --John Charles Sak
Friday, May 7, 2010
thought for the day
There's always a lot to be thankful for if you take time to look for it. For example I am sitting here thinking how nice it is that wrinkles don't hurt. (thanks Chris)
Wednesday, May 5, 2010
thought for the day
“When you discover that you’re riding a dead horse, the best strategy is to dismount.” - a Sioux Indian saying
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