Thread: MrJohnRoss' Account Talk

Get well John!! Agree with you on oil. I think it stays propped up through today. Retail sales weren't good news and the dollar is tanking...Good news is that oil price is holding for now...just hope SPX doesn't fall below the 2177 support level today...

FS

Praying for you John. Get well soon!

Get well! Feel Better! Rest up...

Alright John this is no time for injuries, But then again when is it a good time for injuries. Heehee... hope it's nothing serious just some ol folks stuff get well quick as you can

Hope you're feeling okay John, thanks for your updates too, much appreciated!

Originally Posted by JamesE

Hope you're feeling okay John, thanks for your updates too, much appreciated!

Originally Posted by GUCHI

Alright John this is no time for injuries, But then again when is it a good time for injuries. Heehee... hope it's nothing serious just some ol folks stuff get well quick as you can

Originally Posted by Whipsaw

Get well! Feel Better! Rest up...

Originally Posted by ravensfan

Praying for you John. Get well soon!

Originally Posted by FogSailing

Get well John!! Agree with you on oil. I think it stays propped up through today. Retail sales weren't good news and the dollar is tanking...Good news is that oil price is holding for now...just hope SPX doesn't fall below the 2177 support level today...

FS

Originally Posted by nnuut

Hang in there John!!

Originally Posted by weatherweenie

Hoping for a quick recovery from your injury.

Originally Posted by pmaloney

Hope you recover quickly.

pmaloney, weatherweenie, nnuut, FogSailing, ravensfan, Whipsaw, GUCHI, JamesE, Thank you all for your well wishes, it's much appreciated. Back injury, hope to be swinging a pick axe and shoveling dirt again in a day or two. It's a b*tch when you can't even put your own socks on.

Bullish rising wedge on the 60 minute chart. We should see resolution this coming week.


spx.png

Continued speculation of a possible production ceiling for oil sent WTIC higher. Even though stocks were moderately lower today, they ended the week slightly higher (up 0.05%) as measured by the S&P.

For the week, (in descending order), EFA was up 1.82%, Nasdaq was up 0.23%, Dow was up 0.18%, RUT was down 0.12%, and Tran was down 0.75%.

Oil was up 6.44%, while gold was down 0.09%, and silver was down 0.58%.

Composite system remains at -3, a solid sell signal.

Credit Bubble Bulletin Weekly Commentary - Doug Noland

..."It is not hyperbole to posit that global securities markets are in the midst of a historic short squeeze and the greatest ever market dislocation. And it’s not unreasonable to suggest that this is a sadly fitting climax to the world’s most spectacular inflationary Bubble.

Yet through the façade of unprecedented perceived global wealth, one can begin to more clearly identify the the Scourge of Inflationism: “It tears apart the whole fabric of stable economic relationships. Its inexcusable injustices drive men toward desperate remedies. It plants the seeds of fascism and communism. It leads men to demand totalitarian controls.”

It’s been akin to a wreaking ball. We’ve seen the general population unknowingly surrender wealth to Inflationism. In the face of so-called disinflation, millions have suffered at the hand of inflating costs for housing, health care, tuition and insurance, to name a few. We’ve seen these serial booms and busts take a terrible toll on many workers, families and communities. We witnessed many lose much of their retirements – and faith in the markets - in two major stock market busts. Millions lost much of their life’s savings during the collapse of the mortgage finance Bubble. Millions of students have taken on tremendous loads of debt to finance higher education and vocational training. Millions have been lured by (years of) low monthly payments into purchasing homes, automobiles, vacation properties, recreation vehicles, etc. that they cannot afford.

Inflationism has seen real wages for much of the workforce stagnate or worse over the past decade. Inflationism and his accomplice malinvestment are the culprits behind pathetic productivity trends and declining living standards. Worse yet, Inflationism and his many cohorts are fomenting disturbing social, political and geopolitical turmoil. And reminiscent of the Weimar hyperinflation, central bankers somehow remain oblivious that their operations are of primary responsibility. If people don’t these days trust central bankers, politicians, Wall Street, and governments and institutions more generally, just wait until the Bubble bursts."

Get well, John. We need you around here!

MrJohnRoss now has 3000 posts!

Hello Mr John Ross, I hope you are feeling better since your injury on Thursday and especially that the pain is easing away. I will say a little prayer for you. Get rest and hang in there! You have many friends here wishing you a quick recover. DBAnnie

Best wishes on a speedy recover. I've had several back injuries and I've found that acupuncture was most effective in relieving pain and helping to get mobile again. Aloha.