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October 2017
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End of four week stock market Bull Run?

                Four consecutive winning weeks and a Dennis Kneale gay smirk of 15% gain; those are the status of the S&P 500.  This morning however, the mood seems gloomy.  Nothing really negative has happened yet the market is Steve Urkel weak.  This friend is a clear sign that we are near a top.  Whether we roll over or not will depend on the news.  If an unexpected negative event is reported, we are going down hard.  But if something very positive comes out of the blue, we can be heading higher to 9,800.

                My opinion is that this bull market run ended Friday and is about to experience a corrective phase.  The ear popping pace of these recent gains is unsustainable (like the house of cards).  The bullish sentiment continues to sneak higher to levels that have often been indications of short term tops in the market.

                I’ll admit, this morning I’m scared.  No, I’m not scared of a market pull back, that would be a sign of relief.  I am worried about Turbo Tax Timmy Geitner and his inexperienced reckless view of ethics and the economy.  This morning that halfwit asked Congress to raise the $12.1 trillion statutory debt limit.  No doubt, our spineless and corrupt politicians will huff and puff over the need to keep the financial house in order but will whorishly passes the debt limit to be raised. 

                It looks like the band of criminals in power will do whatever it takes to re-inflate their fraudulent balance sheets, even if it means runaway inflation.  With this realization, if we have a weak pull back, expect the market to head significantly higher and your purchasing power significantly lower.  Third world country, here we come.

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