Thanks to Joe for sending this…
…Without Polling Anyone
From the man I always find a pleasure to listen to. No, he’s not talking deflation this time. Interesting stuff. No strings attached sign up if you’re interested. Per EWI:
- A 26-minute video excerpt from Robert Prechter’s April 2012 speech at the Socionomics Summit in Atlanta. He described the then-just published landmark research paper he had co-authored, which amounted to a stunning (and stunningly accurate) preview of the outcome of the recent presidential election. If you’ve wondered why Obama won/Romney lost, Bob Prechter pulls back the curtain about a truth you won’t hear elsewhere.
- The opportunity to join Club EWI. Sign up and you’ll be notified about the latest developments in cutting-edge stock market analysis PLUS the most up-to-date research in the field of socionomics. Membership is free, and ensures that you have access to exclusive resources, special reports and unique insights that will help you take your understanding of the markets and socionomics to the next level.
That’s it — a rare combination of value for zero cost, that’s fast and easy. It’s available until noon Eastern Wednesday, Dec. 12, exclusively via this link.
I am posting this in case anyone wants to listen to a guy with a Mickey Fulp hairdoo talk to a nice gentleman named Adam Hewison, who is the founder of ino.com. Picture me on Wednesday afternoon, working through technical glitches with Adam and his staff as I am looking out one eye at the HUI imploding and losing an important support level. I actually traded during the process. Uhhhggg, what a week.
There is nothing here that you have not digested 1000 times more intensely from the blog itself. So feel free to skip it. It’s actually a little embarrassing talking about myself. But now that market management, this website and the newsletter are my only gigs, I have got to take promotion more seriously.
Ino, by the way, is a great resource for disciplined trading. I think I am going to start putting up Adam’s videos again on occasion.
Well, there is a glitch with the YouTube video. So here’s the original over at ino:
Democracy Auction Bill Bonner 11.13.12
EWI Video and Premium PDF Reports Free (1 Week Left) Prechter, Hochberg, etc. 11.13.12
A Look in the Mirror James Howard Kunstler 11.13.12
S&P 500 and All 10 Sectors Remain Over Sold B.I.G. 11.13.12
Today’s News & Traders’ Blog INO.com 11.13.12
Post-Election: Dip Buyer’s Dream of Valuation Slump? Zero Hedge 11.13.12
The opening segment of NFTRH 212 did what an unbiased financial writer probably should not do and discussed politics. Then 24 pages of straight analysis followed.
Financial writers far and wide are weighing in on the US Presidential election result and its implications. So jumping into the ring, here are mine.
For the third cycle in a row I cast a protest vote. After voting for George Bush in 2000 (actually it was more a vote against Al Gore) I wrote in Ron Paul in 2004 and 2008. This year I voted for Gary Johnson, although I do not consider myself a Libertarian. I consider myself an independent who has long since been alienated from a two party system that looks a lot like dangerously competitive cartoons from opposite ends of a narrowly constructed ideological spectrum.
When you write a newsletter, you learn about being a newsletter writer; just like when you become a plumber, you learn a lot about plumbing. I once made an unfavorable public blog post about what I considered to be a cartoon that went by the name of Sarah Palin and was summarily served with an indignant email and subscription cancelation from an otherwise satisfied NFTRH subscriber. Lesson learned: There is little place for political commentary in financial analysis. Besides, political ideologues make really biased financial commentators; and in the markets bias just kills you.
Disregarding this for a moment, my view is that the 16 years under Bill Clinton and George Bush resulted in a rigged system that did indeed help the rich get richer, the poor get poorer and the middle class get positioned right over a trap door.
If you depersonalize it, you may see that Barack Obama was simply the agent of redistribution that was always fated to come to power in the wake of a stacked game that just kept right on giving to certain well-placed interests that used, abused and benefited from the fruits of the system of ‘Inflation onDemand’. My public writing has been very consistent since 2004 with regard to this dynamic.
A system took hold that depended on outsourcing real and productive industries (and thus, jobs) in favor of the much easier path of leveraging the world’s reserve currency and the Treasury bond market to in essence print our way to perceived prosperity. Privileged entities in the financial world got to use the money – compliments of bogus interest rate policies of the Greenspan and later, Bernanke Federal Reserves – before it was sliced, diced, marked up and sold to the public.
A personal frustration throughout the 2003 to 2007 timeframe was that I felt nearly alone (along with a relative few other crazies) in my negative view of what the inflationary regime would bring to this society. My commentaries were filled with references to ‘McMansions’ and ‘60” Plasmas’ bought on credit. My harshest commentary was reserved for a hubris-addled society that refused to wake up to its oncoming plight, not for the stooges they elected to political office. You get the government you deserve.
Now we are here. People are waking up and getting pissed, but where was their indignation when they were blissfully living on a precipice in the pre-2008 crash inflationary bull market that seemed to lift all boats? Fat, dumb and happy is where many people were.
We are down the Rabbit Hole and the world has not ended my friends. It is changing. A rotten system is morphing, but is likely to use the same inflationary mechanics as its previous version. The would-be beneficiaries have changed to be sure. But it is the same system and frankly and speaking personally, I decided to play this system for all it is worth a long time ago. If you can’t beat ‘em…
There is no place for belly aching and ideology in financial market management. This newsletter is all about coldly managing what is, not what we want it to be. So with that said, we happily move on to our usual programming with the political environment only to be mentioned when it is relevant to the analysis from here on.
Two things of note happened this weekend.
- The threaded seal to our kitchen sink’s drain basket broke off causing what appeared to be plumber worthy situation (hence, the plumber reference in the screenshot below). Since it was a Saturday afternoon, rather than try to find a plumber on an emergency (and premium) basis, I set out for Home Depot and got the parts and tools needed, got under there and fixed the thing. Needless to say the feeling of self-satisfaction is palpable… YES!
- I managed to squeeze in a 27 page newsletter that I think did its job in fine fashion.
NFTRH 212, out now.
US Stocks: Where We’ve Been, Where We Are & Where We’re Going EWI 11.10.12
Extend and Pretend Peter Schiff 11.10.12
Something Wicked This Way Comes? Acting Man 11.10.12
China, Communism and Gold Addison Wiggin 11.10.12
Obama Trumps Romney But Bernanke is the Ace to the Hole FallStreet 11.10.12
Defending Free Markets: Who Will Step Up? Addison Wiggin 11.9.12
Apple Walking in RCA’s Footsteps Tom McClellan 11.9.12
Pivotal Events Bob Hoye 11.9.12 pdf
The Democracy Fraud Bill Bonner 11.9.12
Today’s News & Traders’ Blog INO.com 11.9.12
Conquer the Crash: A Book You CAN “Judge by its Cover” EWI 11.9.12 *
Over Sold Everywhere B.I.G. 11.9.12
* Conquer the Crash was the (personally) most influential book on the financial system that I have read. Then came Financial Reckoning Day by Bonner & Wiggin, BULL! by Maggie Mahar. All excellent and influential reads for me. There were others like the entertaining and revolting Monkey Business: Swinging Through the Wall Street Jungle by Rolfe and Troob and of course, the most valuable to me as a trader, Reminiscences of a Stock Operator by Edwin Lefèvre.
But CtC scared the hell out of me in 2002 and to this day I am thankful that I read it. Yes, my site is unapologetic as an affiliate of EWI because Prechter was a big influence, because their services are not spammy and because maybe, just maybe the hyper inflationists are wrong. I was served so well by CtC in finding a safe bank, pulling funds out of vulnerable financial institutions and discovering something called a US Treasury ‘only’ money market fund – which I use to this day. Along with precious metals, the advice in CtC (which also as I recall gives advice on how to best own gold) to get safe, eliminate debt, etc. has been a life saver and helped allow me to live relatively mentally healthy in spite of what I have known for over a decade was an oncoming unwinding of the system.
So I’ll get off the stump now, but I thought you should know that I do not just mindlessly hump Prechter’s stuff. Biiwii.com has little advertising compared to most. So I guess you can hear me out once in while when I go on about EWI or other affiliates I trust, like BullionVault for example.