Free Republic

The S&P 500 stock market index rose a blistering +1.12% today on positive economic news, albeit much of it seasonal. The run up in stock prices following the collapse in 2008 (both stock market and house prices) has fueled speculation of another Hindenburg Omen event. That is, another stock market correction. But with Ben Bernanke and The Fed supporting asset bubbles with the expansion of The Fed’s Balance Sheet (green dotted line), investors continue to roll the dice on the stock market rising. Likewise, the Elliott Wave is being sustained by The Fed’s Balance Sheet. Let’s see what happens when...

Amanda Knox (aka, “Foxy Knoxy”) is back in the news as the Italian Supreme Court explains why they trying her murder case … again. Apparently, the original “theory” that someone died in an exotic sex game is the one that will be pursued. No double jeopardy in Italy, I guess. So, look for months and months of more “Obnoxy Knoxy” in the news. Another celebrity in the news (constantly) is the Wall Street Journal’s Jon Hilsenrath. Here is Hilsenrath on The Fed’s taper. In a nutshell, Hilsenrath writes that Fed officials “are likely to signal” they’re on track to pull...