Wednesday, May 31, 2017

The elite are losing their influence over society.

As predicted in these pages many times, when the global debt Ponzi reaches its limit, one of the early signs will be that elite begin to lose their special treatment and are shown to be mortal men after all.   Along these lines we now see Tiger Woods getting busted for smoking some serious weed and then taking a ride in his car.  At least I assume it was weed because he did not have alcohol in his system and he was really out of it.

What's important about this isn't just that Tiger's hundreds of millions of dollars of net worth and fancy lawyers didn't save him from being arrested and taken to jail.   The real news here was the release of this very embarrassing and damaging video.  The cops did not have to do that.  This kind of thing is going to cost Woods millions of dollars in sponsorships by companies who are looking for good role model symbols.  But the cops are now looking to please their real masters, the tax payers, and so the cops released the video for 2 reasons:

1) they didn't want to be accused of racially picking on Woods.  Clearly they did not.  The whole thing was professionally handled and kudos go out to these particular cops for their handling of this situation.  I am not generally full of praise for the police but fair is fair.

2) the herd wants fresh elite meat.  The herd is in a bad way and is tired of hearing about the lifestyles of the rich and famous.  The herd wants to see the elite of this country burn.  It is not necessarily fair but the herd is driven by emotion and emotions are running hot right now.  I'm still waiting for fist fights to break out on the congressional floor but I believe we will see them at some point.

Mish pins the tail on the donkey

At some point everyone is going to wake up and understand that the dollar is not real money and that fractional reserve lending is a scam.

Until then we conservatives can only tell people the facts so that those with the eyes to see can do what needs to be done to protect themselves and their families.  Mish is doing his part.

No scam ever ran forever and it won't be different this time.  Thinking people are cost averaging into precious metals not as a form of short term speculation but rather as a way of saving their value in the only real money that exists.  I will have zero and I mean zero sympathy when the fake money con finally blows up in the faces of the liberal fools who believed that government was more trustworthy than gold.

Tuesday, May 30, 2017

Should you follow the news for use in market timing? [AZO]

Back in September of 2016 I provided a model that called for a major top in Auto Zone [ticker:AZO] shares.  At the time, great earnings had just been reported but I was clear in my post that my Elliott wave model indicated a pullback was the next most likely thing to happen and I provided the predictive model below to show what I thought was coming.  It clearly predicted a likely move back down into the $500s.

Current actual is below.  After so many times of predicting seemingly impossible things, how can there be any doubt remaining that the Elliott wave principle, in the hands of an experienced analyst, is an excellent predictive market timing tool and in fact probably the best tool in use for this purpose today.  I can tell you that when I penned that September post there was nothing except positive sentiment in the market for Autozone shares.  But that did not stop the shares from rapidly shedding 30% of their value starting just a few months after my post.

Elliott waves.  Use them or get used by those of us who use them.

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