The Obama Crash keeps going, "Death Cross" coming.

redrumloa said:
And something for Minator:
http://stockcharts.com/h-sc/ui?s=$SPX&p ... 2787058727

This is a 2 year chart with weekly candles and a 200 week moving average. During Obama's entire presidency the S&P 500 has not traded above the 200WMA and the 200WMA keeps trending down, despite Porkulous.
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The Porkulous hasn't been in effect for 200 weeks. This 200W window is bogus. It goes back to 2006, it's almost 4 years, it extends back to before the fall. To flatten the 200WMA by now post crash growth would have to be twice as fast as the growth that caused the problem in the first place.

Put in a moving average that's more in line with the amount of time Pokulous has been in effect (on the order of 50 weeks) and the trend line is quite different. You are engineering a bad graph.
 
redrumloa said:
faethor said:
Clearly in the short term they did not. We saw stocks go up. We saw houses come off the market. We saw cars sold.
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Cars sold? Short term at best due to the clunker bill.
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Umm yeah you need to do some more reading. The 'clunker' bill ended last fall. It allowed inventory to be taken off the market. Afterwards and now cars continue to sell.

April 2010 (no clunker bill in 2010) April 2010 continues in upswing of car sales.

Other related technologies: semi-conductors on autos are up.
The Semiconductor Association of America states "...as strong as the growth in the Asia-Pacific region was, the Americas topped the charts, as autos recovered and businesses began to spend some of the cash they've been hoarding on refreshing a stock of corporate machines that hasn't gone this long without an upgrade since the dawn of the computing revolution"

The automotive market is also slowly recovering after several years of weak sales," said SIA President George Scalise. "Demand from the corporate information technology and industrial sectors that had pushed out replacement cycles during the global economic recession is beginning to come back."


Sorry your clunkiers only theory is incorrect.
 
DOW 1,000 coming?

Dow Could Hit 1,000: Elliot Wave's Prechter
http://www.cnbc.com/id/38114025

Longtime technical analyst Robert Prechter said Tuesday he expects that the US economy will sink into a deflationary depression and stocks will plunge.

The Dow Jones industrial average stock index could fall to between about 1,000 and 3,000 points over the next five to seven years, he said in a telephone interview. The Dow unofficially closed at 9,744 Tuesday, up 0.59 percent.

"It is very clear there is substantial stock market risk," said Prechter, who urges investors to put their money in cash proxies such as safe-haven U.S. Treasury bills instead.

Prechter is known for his very bearish views on the economy, which many market strategists consider too pessimistic.

But he is also known for forecasting a big bull market in stocks in 1982 and for getting out before the 1987 market crash.
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Wow, here I thought I was a pessimist for predicting a DOW 4,000. :shock:
 
faethor said:
We saw houses come off the market.
Click to expand...

Housing market myths
http://weblogs.sun-sentinel.com/busines ... ths_1.html

Here are four myths of the nation's housing market, as presented by Zillow Chief Economist Stan Humphries during a recent conference. How many do you agree with? All? None? One? Tell us why.

1. The housing recession is over
Humphries said home sales have reached a bottom, but prices likely won't find a floor until the third quarter of 2010. Humphries expects South Florida prices to hit bottom later than that.

2. We’ll see a return to historical appreciation rates after prices bottom
The housing bottom likely will be long and flat. Historical appreciation rates won't return for three to five years. Humphries said housing demand is being hurt by the number of underwater borrowers who can't move from their homes. He also says historically low mortgage rates are destined to increase, also affecting demand.

3. The worst of the foreclosure crisis is over
Foreclosure rates are increasing nationally and likely will stay elevated because of the jobless picture and the large numbers of underwater borrowers.

4. The homebuyer tax credits saved our bacon
The credits did stimulate sales, especially during the first wave in 2009. In its second incarnation, however, the tax rebates pulled demand forward from future months. As a result, sales are likely to decline in the second half of 2010.
Click to expand...
 
And in related news the Dow is up again above 10K. Nearly pre-Bush levels.
 
faethor said:
We saw houses come off the market.
Click to expand...

http://housingstory.net/2010/07/08/pend ... ak-expires

The Index of pending home sales fell a record 30% in May to a record-low reading of 77.6 — two huge pessimistic indicators of future prices nationwide. Yet the combination of two record negatives went barely reported when the stats were announced last week.

So here’s the news for you now, a week late, but new to the marketplace of ideas. Pending-home sales now stand below the worst numbers we have seen since the housing crash started in 2006. The rubber bands and duct tape are breaking apart. Presume the fix of a fall is in.
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I thought the liberal media told us Obama fixed everything with Porkulous?

“If you’re looking for a silver lining in housing, you aren’t going to find it here,” Mike Larson of Weiss Research said. “Demand has fallen off a cliff in the wake of the tax credit expiration, with pending sales falling by the biggest margin ever to the lowest level ever.”
Click to expand...

Lowest level ever? Worst numbers since the start of the housing crash? What did all that pork fix exactly :?:
 
Ahahahahaha... he said, "pork," ahahahahahaha...

:roflmao: :banana: :roflmao: :banana:
 
Robert said:
Ahahahahaha... he said, "pork," ahahahahahaha...

:roflmao: :banana: :roflmao: :banana:
Click to expand...

You like that word? Since you are not from the USA, here you go.

Wikipedia:
http://en.wikipedia.org/wiki/Pork_barrel

And for some laughs:

PorkObamaStimulusBill.jpg



obama+pork.jpg



art_misdirection_obama_pork_389695.jpg
 
redrumloa said:
Robert said:
Ahahahahaha... he said, "pork," ahahahahahaha...

:roflmao: :banana: :roflmao: :banana:
Click to expand...

You like that word?
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Oh yes. In fact it's one of my favourites.

I guess you never read the other thread that cecila posted:-
James Ostrowski, libertarian extraordinaire, lawyer, writer and tea party organizer. Mr. Ostrowski is the founder of Free Buffalo (2005) and author of the tea party manifesto, "How We Can Win the Second American Revolution Without Firing a Shot." He's been fighting the political machine for 35 years.
Click to expand...

I didn't agree with all of it but most of what he said makes sense and I particularly liked this from the interviewer:

You've warned of tea parties that focus their attack on Obama and the "Democrats," and whose "own positive agenda is rather thin and focuses on Pavlovian rank and file buzz words like 'pork.'"
Click to expand...

Then, right on cue....
;-)
 
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