Oct 20, 2008 - Issue #133
American Socialism? Is that what we've come to?
Control of the Whitehouse, both Houses of Congress, and eventually, the Supreme Court by
the party that forced the sub-prime mortgage mess upon us, the tax and spend leftist
What kind of market environment would we be in? Already overtaxed companies facing even
more taxation and being unionized to death? One wonders what the unemployment rate
would be under those conditions. With higher capital gains taxes, the favored investing
strategy would probably be to 'sell short' except short selling would probably be
outlawed. Free markets would be a distant memory. If you don't buy into the leftist
liberal crap, there wouldn't be much an investor could do.
CNBC viewers should brace themselves for more declining markets.
During the next two weeks, the following Dow components report earnings. Keep a sharp eye
out for possible price swings leading up to 'earnings day':
10/21 CAT, DD, MMM, PFE, (Transports) CHRW, NSC.
10/22 BA, MCD, MRK, T, (Transportations) CNW, R.
10/23 MSFT, (Transportations) BNI, GMT, UNP, UPS, YRCW.
10/24 (Transportations) AXB.
10/28 JBLU (Transportations).
Dow score card for the week ending 10/17/08.
DJ-30: 8852.22 +401.03 +4.75%. The Real World (arithmetical) DJ-30: 37.05 +1.68 +4.75%.
UP: 27, Down: 3.
Trends (weekly charts): This is the subjective part.
Rising (Generally Higher Highs/Higher Lows) 0 (n/c) 0%:
Consolidating (Generally Lower Highs/Higher Lows) 29 (+28) 97%:
+*AA, +*AXP, +*BA, +*BAC, +*C, +*CAT, +*CVX, +*DD, +*DIS, +*GM, +*HD, +*HPQ, +*IBM,
+*INTC, +*JNJ, JPM, +*KFT, +*KO, +*MCD, +*MMM, +*MRK, +*MSFT, +*PFE, +*PG, +*T, +*UTX,
+*VZ, +*WMT, +*XOM.
Declining (Generally Lower Highs/Lower Lows) 1 (-28) 3%:
+/- denotes change of direction.
* denotes change of category.
Comments? Ideas? Feedback? Let me have it, right between the eyes! I'd love to hear from you. Just reply to this zine and tell me what you think!