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Quacera Report, December 12, 2013

 

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From time to time, Quacera will be long or short some or all of the securities mentioned in this report. Neither the information nor any opinion expressed constitutes an offer or an invitation to make an offer, to buy or sell any securities or other financial instrument or any derivative related to such securities or instruments (e.g., options, futures, warrants, and contracts for differences). This report is not intended to provide personal investment advice and it does not take into account the specific investment objectives, financial situation and the particular needs of any specific person. Investors should seek financial advice regarding the appropriateness of investing in financial instruments and implementing investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. Any decision to purchase or subscribe for securities in any offering must be based solely on existing public information on such security or the information in the prospectus or other offering document issued in connection with such offering, and not on this report. If this information is used to enter an investment or take a position, it may be impossible to duplicate the actual signal price shown in the report. Prices are subject to change and therefore results will vary from those tracked in the reports.

Securities and other financial instruments discussed in this report, or recommended by Quacera LLC, are not insured by the Federal Deposit Insurance Corporation and are not deposits or other obligations of any insured depository institution. Investments in general and, derivatives, in particular, involve numerous risks, including, among others, market risk, counterparty default risk and liquidity risk. No security, financial instrument or derivative is suitable for all investors. In some cases, securities and other financial instruments may be difficult to value or sell and reliable information about the value or risks related to the security or financial instrument may be difficult to obtain. Investors should note that income from such securities and other financial instruments, if any, may fluctuate and that price or value of such securities and instruments may rise or fall and, in some cases, investors may lose their entire principal investment. Past performance is not necessarily a guide to future performance. Levels and basis for taxation may change. Foreign currency rates of exchange may adversely affect the value, price or income of any security or financial instrument mentioned in this report. Investors in such securities and instruments effectively assume currency risk. Materials prepared by Quacera LLC are based on public information. Facts and views presented in this material have not been reviewed by, and may not reflect information known to, professionals in other business areas of Quacera LLC. To the extent this report discusses any legal proceeding or issues, it has not been prepared as nor is it intended to express any legal conclusion, opinion or advice. Investors should consult their own legal advisers as to issues of law relating to the subject matter of this report. Quacera LLC research personnel’s knowledge of legal proceedings in which any Quacera LLC entity and/or its directors, officers and employees may be plaintiffs, defendants, co-defendants or co-plaintiffs with or involving companies mentioned in this report is based on public information. Facts and views presented in this material that relate to any such proceedings have not been reviewed by, discussed with, and may not reflect information known to, professionals in other business areas of Quacera LLC in connection with the legal proceedings or matters relevant to such proceedings. Any information relating to the tax status of financial instruments discussed herein is not intended to provide tax advice or to be used by anyone to provide tax advice. Investors are urged to seek tax advice based on their particular circumstances from an independent tax professional. The information herein (other than disclosure information relating to Quacera LLC and its affiliates) was obtained from various sources and Quacera LLC does not guarantee its accuracy. This report may contain links to third-party websites. Quacera LLC is not responsible for the content of any third-party website or any linked content contained in a third-party website. Content contained on such third-party websites is not part of this report and is not incorporated by reference into this report. The inclusion of a link in this report does not imply any endorsement by or any affiliation with Quacera LLC. All opinions, projections and estimates constitute the judgment of the author as of the date of the report and are subject to change without notice. Prices also are subject to change without notice. Quacera LLC is under no obligation to update this report and readers should therefore assume that Quacera LLC will not update any fact, circumstance or opinion contained in this report. Neither Quacera LLC nor any director, officer or employee Quacera LLC accepts any liability whatsoever for any direct, indirect or consequential damages or losses arising from any use of this report or its contents.

 

 

 

 

 

Quacera Chronicle for December 6, 2013

 

Market Week

The Cyber Monday hype was underway as market participants were still digesting the results of the Black Friday hype. Like most things recently, retail sales data was mixed with more shoppers buying less and hands were wringing over the meaning of it all. Stocks began lower and remained twitchy all day. Our theme has been that, based on our Early Warning data we are due for a breather and, at best, we will have a sideways market for a while. Goldman Sachs revised its prediction for Q4 GDP to 1.3% down from 1.8% and lower than their original guess of 2.5%. An administration official came out and said that 80% of us will be able to use the un-ACA website soon and while the over 400 band-aids applied to the current version is just a start, he expects we will see a fully operational edition within the decade. Another former Obama senior adviser David Plouffe said, out loud and on TV, that he expects the whole un-ACA system will be wowing us by 2017! According to the monthly Kaiser Family Foundation Health Tracking Poll for November, 33% of us still approve of un-ACA, an all-time low. The California Medical Assn. said that 70% of its members plan to opt out of un-ACA as well. PNC Financial puts out an annual “12-days-of-Christmas price index” in which it tracks the cost each year of a basket of goods matching the twelve from the famous Christmas song. This year the index shows a 7.8% increase in prices to $27,393.17 from $25,431.18 in 2012, well above the 30 year average of 3.78% and 4 times what the government says the CPI is. Stocks sold off as weekend retail sales were too weak to overcome the realization that All-in Yellen won’t taper on the news.

Tuesday began with a continuation of Monday’s selling and an early attempt at a rally failed after Judge Steven Rhodes of Michigan ruled that despite the State of Michigan’s laws, pensions are contracts under Federal Bankruptcy laws and in bankruptcy, the purpose of which is alteration of contracts, the city of Detroit can change them. The Unions are outraged but for the market, this means that underlying investments in Michigan debt, especially Detroit, will finally clear. The sell off was quick but just as fast subsided into a sideways sloppy session. We ended down 94.15 after dipping into triple digits for most of the day.

Wednesday the slump continued at the opening but then the Institute for Supply Management reported that the services sector fared worse than expected and this gave traders hope that things are still bad enough to allow the Fed to continue printing funny money. By mid-day the rally had faded and all of the indices were in negative territory. The Dow was down more than 100 points on reports such as the Fed’s Beige Book commentary on regional economic activity, which said the economy expanded at a "modest to moderate pace" from early October to mid-November and the Census Bureau story that sales of new single family residential homes rose 25% in October. Such frightening economic statistics are weighing heavily on QE freaks who are worried over the dreaded taper. Gold and silver rallied as well because the perception is that any drop off in printing will have an inflationary effect, so there was some short covering. Fear also dropped the dollar from recent highs and with about 2 hours to go in the trading day, a rally began. The indexes shed their losses and got into positive territory briefly before selling off in the last few minutes to close mixed.

Thursday we had a few surprises that really flummoxed the markets: third quarter GDP was revised upward to 3.6% annualized from 2.8% but most of the gain was inventories. That double edged sword was followed by reports that state unemployment benefit claims fell 23,000 to 298,000 below the expert’s predictions of an increase to 325,000. This was followed by reports that new factory orders dropped 0.9% in October compared to a 1.8% increase in September. Investors are worried that the Fed will reduce bond purchases but the economic news is so mixed – nothing really new – that the sell off continued.

Friday all of the markets problems were swept aside when analysis of the BLS second revision of Q3 GDP arrived. It was raised to 3.6% from 2.84% per the previous correction and was mostly due to Inventory increases which are now almost 47% of the latest figure at 1.68%. The agency’s actual real final sales of domestic product weakened to 1.92% and that’s the sine qua non for economic growth. Traders ignored these nuances and after five consecutive down days, dip buying overcame fears of the dreaded taper. Prices rose at the opening and finished up nearly 200 Dow points. New home sales grew 25.4% in October after September’s drop off and are now back to where they were in 2001 but still 35% below the 2007 peak. Construction spending was up 0.8% and our trade deficit dropped to 5.4% with oil sales leading the way to a new record. If the Keystone pipeline was under construction we would most likely get to a trade surplus by supplying 75% or more of our own fuel up from the present 55%. Interest rates are inching higher, up 0.1% on the 10 year Treasury so mortgage applications were down 12.8% and Refi applications were off 17.5% as a result. Investors intelligence reported that bullish stock market sentiment rose to 57.1 from 55.7 and 0.1% of Bears threw in the towel going to 14.3% from 14.4%, the lowest percentage since 1987. This along with record high margin debt spells high risk from here. Our QPM Radar™ is still sinking but ever so slowly, ending the week at 86.01% positive

 

Sources: WSJ; BLS; ISM; NBC, Meet The Press; FT; Economist; Reuters; BLS; Consumer Metrics Institute; National Assn. of Realtors; California Medical Assn.; Investors Intelligence

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From time to time, Quacera will be long or short some or all of the securities mentioned in this report. Neither the information nor any opinion expressed constitutes an offer or an invitation to make an offer, to buy or sell any securities or other financial instrument or any derivative related to such securities or instruments (e.g., options, futures, warrants, and contracts for differences). This report is not intended to provide personal investment advice and it does not take into account the specific investment objectives, financial situation and the particular needs of any specific person. Investors should seek financial advice regarding the appropriateness of investing in financial instruments and implementing investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. Any decision to purchase or subscribe for securities in any offering must be based solely on existing public information on such security or the information in the prospectus or other offering document issued in connection with such offering, and not on this report. If this information is used to enter an investment or take a position, it may be impossible to duplicate the actual signal price shown in the report. Prices are subject to change and therefore results will vary from those tracked in the reports.

Securities and other financial instruments discussed in this report, or recommended by Quacera LLC, are not insured by the Federal Deposit Insurance Corporation and are not deposits or other obligations of any insured depository institution. Investments in general and, derivatives, in particular, involve numerous risks, including, among others, market risk, counterparty default risk and liquidity risk. No security, financial instrument or derivative is suitable for all investors. In some cases, securities and other financial instruments may be difficult to value or sell and reliable information about the value or risks related to the security or financial instrument may be difficult to obtain. Investors should note that income from such securities and other financial instruments, if any, may fluctuate and that price or value of such securities and instruments may rise or fall and, in some cases, investors may lose their entire principal investment. Past performance is not necessarily a guide to future performance. Levels and basis for taxation may change. Foreign currency rates of exchange may adversely affect the value, price or income of any security or financial instrument mentioned in this report. Investors in such securities and instruments effectively assume currency risk. Materials prepared by Quacera LLC are based on public information. Facts and views presented in this material have not been reviewed by, and may not reflect information known to, professionals in other business areas of Quacera LLC. To the extent this report discusses any legal proceeding or issues, it has not been prepared as nor is it intended to express any legal conclusion, opinion or advice. Investors should consult their own legal advisers as to issues of law relating to the subject matter of this report. Quacera LLC research personnel’s knowledge of legal proceedings in which any Quacera LLC entity and/or its directors, officers and employees may be plaintiffs, defendants, co-defendants or co-plaintiffs with or involving companies mentioned in this report is based on public information. Facts and views presented in this material that relate to any such proceedings have not been reviewed by, discussed with, and may not reflect information known to, professionals in other business areas of Quacera LLC in connection with the legal proceedings or matters relevant to such proceedings. Any information relating to the tax status of financial instruments discussed herein is not intended to provide tax advice or to be used by anyone to provide tax advice. Investors are urged to seek tax advice based on their particular circumstances from an independent tax professional. The information herein (other than disclosure information relating to Quacera LLC and its affiliates) was obtained from various sources and Quacera LLC does not guarantee its accuracy. This report may contain links to third-party websites. Quacera LLC is not responsible for the content of any third-party website or any linked content contained in a third-party website. Content contained on such third-party websites is not part of this report and is not incorporated by reference into this report. The inclusion of a link in this report does not imply any endorsement by or any affiliation with Quacera LLC. All opinions, projections and estimates constitute the judgment of the author as of the date of the report and are subject to change without notice. Prices also are subject to change without notice. Quacera LLC is under no obligation to update this report and readers should therefore assume that Quacera LLC will not update any fact, circumstance or opinion contained in this report. Neither Quacera LLC nor any director, officer or employee Quacera LLC accepts any liability whatsoever for any direct, indirect or consequential damages or losses arising from any use of this report or its contents.

 

 

 

 

Momentum is slowing but …Quacera Trend Change Report, 12-5-2013

 

Nervousness is showing up in the markets again and while it is too early to say whether this is a start of a trend reversal, a correction or a short term pause, we will take a look at or Early Warning Report to see how the major indexes are shaping up. Our mantra is that momentum changes must precede trend is important here because, as we know, there is a lot of noise in markets permeated as they are with opinions, fears, HFT operations and just the normal day-to-day requirements of individuals and institutions. To determine when a real trigger has been pulled is difficult and when it happens on the downside is usually followed by panic. This is why sell-offs are generally more violent than positive trending markets; therefore we try to walk the tightrope between market breathers and the deep blue sea of a major downturn.

So far our EW signals have turned flat to slightly lower but are not yet near the zero momentum line that alerts us of an actual change in trend. We don’t make predictions but with the market having been so positive for so long, it is likely that at best, stocks are taking a break. This doesn’t mean that we’ll be complacent because it is often the case that some external action could set off a big move lower. The bubble worries are often heard in the media, QE is in question and the China – Japan quarrel are but a few things that could get the herd to stampede.

 
   

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Quacera Daily Comment - Commodity ETFs, 12-04-2013

 

With two thirds of the commodity ETFs we follow trending negative, we want to report on the ones that are in positive territory. The markets for commodities do not seem to benefit from the same level of confidence that the stock market have, until recently, enjoyed this year. There are serious reasons for this but for those of our subscribers who are “long only” and want to have assets in commodities; it has been a rough go. Below, we present the signals generated by our QPM Radar™ along with the price changes. There are parts of the commodity sector that are trending higher and we suggest these are where we would concentrate our efforts.

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From time to time, Quacera will be long or short some or all of the securities mentioned in this report. Neither the information nor any opinion expressed constitutes an offer or an invitation to make an offer, to buy or sell any securities or other financial instrument or any derivative related to such securities or instruments (e.g., options, futures, warrants, and contracts for differences). This report is not intended to provide personal investment advice and it does not take into account the specific investment objectives, financial situation and the particular needs of any specific person. Investors should seek financial advice regarding the appropriateness of investing in financial instruments and implementing investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. Any decision to purchase or subscribe for securities in any offering must be based solely on existing public information on such security or the information in the prospectus or other offering document issued in connection with such offering, and not on this report. If this information is used to enter an investment or take a position, it may be impossible to duplicate the actual signal price shown in the report. Prices are subject to change and therefore results will vary from those tracked in the reports.

Securities and other financial instruments discussed in this report, or recommended by Quacera LLC, are not insured by the Federal Deposit Insurance Corporation and are not deposits or other obligations of any insured depository institution. Investments in general and, derivatives, in particular, involve numerous risks, including, among others, market risk, counterparty default risk and liquidity risk. No security, financial instrument or derivative is suitable for all investors. In some cases, securities and other financial instruments may be difficult to value or sell and reliable information about the value or risks related to the security or financial instrument may be difficult to obtain. Investors should note that income from such securities and other financial instruments, if any, may fluctuate and that price or value of such securities and instruments may rise or fall and, in some cases, investors may lose their entire principal investment. Past performance is not necessarily a guide to future performance. Levels and basis for taxation may change. Foreign currency rates of exchange may adversely affect the value, price or income of any security or financial instrument mentioned in this report. Investors in such securities and instruments effectively assume currency risk. Materials prepared by Quacera LLC are based on public information. Facts and views presented in this material have not been reviewed by, and may not reflect information known to, professionals in other business areas of Quacera LLC. To the extent this report discusses any legal proceeding or issues, it has not been prepared as nor is it intended to express any legal conclusion, opinion or advice. Investors should consult their own legal advisers as to issues of law relating to the subject matter of this report. Quacera LLC research personnel’s knowledge of legal proceedings in which any Quacera LLC entity and/or its directors, officers and employees may be plaintiffs, defendants, co-defendants or co-plaintiffs with or involving companies mentioned in this report is based on public information. Facts and views presented in this material that relate to any such proceedings have not been reviewed by, discussed with, and may not reflect information known to, professionals in other business areas of Quacera LLC in connection with the legal proceedings or matters relevant to such proceedings. Any information relating to the tax status of financial instruments discussed herein is not intended to provide tax advice or to be used by anyone to provide tax advice. Investors are urged to seek tax advice based on their particular circumstances from an independent tax professional. The information herein (other than disclosure information relating to Quacera LLC and its affiliates) was obtained from various sources and Quacera LLC does not guarantee its accuracy. This report may contain links to third-party websites. Quacera LLC is not responsible for the content of any third-party website or any linked content contained in a third-party website. Content contained on such third-party websites is not part of this report and is not incorporated by reference into this report. The inclusion of a link in this report does not imply any endorsement by or any affiliation with Quacera LLC. All opinions, projections and estimates constitute the judgment of the author as of the date of the report and are subject to change without notice. Prices also are subject to change without notice. Quacera LLC is under no obligation to update this report and readers should therefore assume that Quacera LLC will not update any fact, circumstance or opinion contained in this report. Neither Quacera LLC nor any director, officer or employee Quacera LLC accepts any liability whatsoever for any direct, indirect or consequential damages or losses arising from any use of this report or its contents.

 

 

 

 

 

 

 

 

 

 

Early Warning Warning, Quacera Report November 30, 2013

 

describe the imageAs we come to the end of a very one directional year we are beginning to see a bit of fatigue in market trading. NASDAQ is the only index that is showing life while the DJIA & S&P500 have had recent trouble holding rallies. One week does not make a trend but it appears we are either seeing a correction ahead or worse, a rolling top. For our part we rely on our proprietary QPM Radar™ to give us a heads up and currently we are, at worst, in the early stages of a sell-off. At the end of October the reading of ETFs with positive momentum and strong performance was at 96.89%. After Friday’s holiday abbreviated session it has had dropped to an 89.64% reading. This isn’t yet of any real significance but, as always, with the world's economic fundamentals in such disarray, we concern ourselves more with bubble risk and advise caution. Even if this is only a normal correction in a hot market, moving from here toward 100% positive gives us very little on the upside.

Above we have put together a bubble stock portfolio we call the “Expensives”. These are the 30 stocks which our fundamental analysis shows to be priced way above their valuations as measured by cost per dollar of revenue. These aren’t necessarily the highest priced stocks but their prices run at least 10 times revenue or more. Many are in positive mode but we expect that in any future correction, these would be wonderful short or put candidates.

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The Debt of Nations , Quacera Blog, November 9, 2013

 

Since before WWII, politicians in most of the free world kept themselves in power by
pandering to the lowest common denominator, defined here as the voters who
believe in the “Finite Pie” theory of economics. It seemed the smart approach
to governing because for most of the period GDP growth has been sufficient to
overcome the weight of government debt and taxes created in the welfare state.
It appears that this era may have ended with the 2007 collapse because we are
now faced with what looks like a very steep hill to climb. The annual United
States GDP Growth Rate has averaged 3.2% since 1948 and in the past ten years
we have seen that average fall below 2%.The last time it got above 5% was the second
quarter of 2000 and it has never been that high since. In the 1950’s we grew at
more than 4% on average, but by the 1980’s  we had dropped to approximately 3% and have
been slowing ever since. The problem, of course, is that economic growth has to
at least equal the increase in government’s burden on its economy in the same
way that we individually cannot build our credit card debt beyond a certain
level of our income. The CBO recently released its projections for what it will
take for us to get to a balanced budget over the next 10 years. They posit that
we need to average a GDP expansion of between 6.94% and 7.31%, ignoring tax
increases or revenue growth, to get there by 2022. Just to stay at a level $1Trillion
deficit each year, we have to grow the economy by an average 4.76%, something
that has not been done in nearly a century. Using the CBOs lower growth figures
and doing simple math, we arrive at an annual gap of 2.18%, which would be the
revenue increase required from taxpayers. We currently have a $15.8 Trillion
economy, therefore tax increases will have to come in at $345 Billion per year
for the next ten. In other words what the CBO is telling us is that we may have
to pony up nearly $1200 in new Federal taxes per citizen per year until 2022
and hope that along the way nothing goes wrong with the economy. Of course,
under current conditions, roughly 46% of Americans pay no Federal Income taxes.
Can a future Congress and President reverse nearly 90 years of indulging voters’
demands? And if they do, can they avoid an American Spring?

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Affordable Car Act, Quacera Blog November 8, 2013

 

The U.S. government has passed a new law called "The Affordable Car Act" (ACA). The purpose of ACA will be to see to it that Americans who do not have access to or use of an automobile will be able to obtain one of their own at a price they can afford.

The purpose of this legislation is twofold:

  1. The economy of the U.S. has failed to respond adequately to the generous use of taxpayer money or the stimulation provided by
    Federal Reserve Bank in its purchase of the abundance of Debt issued by the U.S. Treasury in the pursuit of economic growth and fairness. This Act will cause an increase in sales of automobiles and provide jobs that would otherwise not exist.
  2. It has long been the concern of the U.S. Government that some Americans have to walk, take busses or ride bicycles which necessarily prevents them from getting where they want to go in an efficient
    and timely manner. This not only makes them less appealing as potential employees but harms their self esteem in comparison to their friends who have automobiles. 

In order to accomplish the goal of one person, one car, your beneficent government has declared that every citizen must purchase a new automobile by the end of 2014.  These affordable automobiles will cost an average of $10,000-$20,000 each and be facilitated by each State setting up a car exchange.  State sales taxes, licensing and registration fees as well as Federal taxes on fuel will increase in order to make the affordable automobiles affordable for
those who cannot now afford them. The added value of the law is that even more shovel ready jobs will become available as the country’s highway network will require expansion when roads become too crowded. In addition, the need for more police to enforce safety laws and insurance requirements will also be met with its implementation.

This law has been passed, because until now only Americans who are financially responsible have been able to purchase automobiles.  This new law ensures that every American can now have a car of their own because the administration believes everyone is entitled to a new car.  If you purchased your automobile after 2012 and before the end 2013 you can keep it until the end of 2014 but then you will be required to turn it in under our new Cash for Clunkers
provision of the ACA. If you like your dealer you may also keep buying from them as long as they are selling the types of automobiles allowed under this legislation.

In order to make sure everyone purchases an affordable automobile, the administration estimates the costs of ownership for those not participating in the ACA will increase 25% to 50% per year for the average driver. These additional expenses will offset subsidies that State Car Exchanges will have to provide in order to make the affordable automobiles affordable to those who, heretofore, have not been able to afford them. In this way, wealthy people will
pay more fees and for services they may not need, use or otherwise want. This coincides
with the Administration’s view that those who can now afford automobiles didn’t get to be able to do it on their own and that somewhere along the line, they got help from government and now it’s payback time.  Children under the age of 26 are exempt from this requirement if they are living at home and are using their parents’ cars until they turn 27 at which time they must purchase their own car. It is not the intent of this law to force children to leave their
family homes.

There will be no exemption for those who are banned from obtaining a drivers license or for anyone else who claims they have no need of a car. If you don't want or don't need a car, you still are required to buy one anyhow. People who refuse to buy a new affordable automobile will face a $2000 annual fine for failure to do so. To enforce this section of the law the administration will add 25,000 new IRS agents to keep track of everyone’s automobile habits. Exemptions will be granted for those who are physically or mentally incapable of driving. For those in this position, we recommend they seek help by using the other streamlined and highly efficient ACA facilities and start by going to www.healthcare.gov.

This legislation will also set up a new Government Automobile Guardianship Agency (GAGA) appointed by the President that will decide prices for everything connected with the purchase, maintenance and insurance on these new affordable automobiles.
The Congress and all Government officials are exempt from this new law. If they need a car, they and their families already obtain them free as part oftheir other government benefit packages and pensions funded by taxpayers.  Unions, and banks considered too big to fail along with large political donors are also exempt.

 

 

On Catching wild pigs, Quacera Radar Blog, October 22, 2013

 

You can easily catch wild pigs by finding a suitable place in the woods and putting corn
on the ground. The pigs find it and begin to come every day to eat the free
corn. When they get used to coming every day, you put a fence down one
side of the place. When they get used to the fence, they begin to eat
the corn again and you put up another side of the fence until they get used to
that and start to eat again. You continue until you have all four sides of
the fence up with a gate on the last side. The pigs, which are used to the free
corn, start to come through the gate to get it. You then slam the gate on
them and catch the whole herd. The wild pigs are trapped and they run
around and around inside the fence but they finally give up and go back to
eating the free corn. They are so used to it that they have forgotten how to
forage for food anyway so they accept their captivity.

It was amusing this past weekend to read a review of Greenspan’s new book. In it
he states that he was surprised, on studying the data, that his math models, on
which he based all of his decisions, did not accurately reflect how people
actually carry out their lives. He went on to say he was shocked to find
that entitlements (free corn) relieved people from the responsibility or need
to save and this reduction in savings makes us more vulnerable to financial
shocks while reducing the amount of capital available to be re-invested in
economic growth. He goes on to proclaim – at this late date – that increasing
entitlements are causing the stagnant GDP growth we are experiencing at
present. Unfortunately we are past the point of no return. More people are
getting some form of free corn than not and they know who to vote for to keep
it coming. This will not change until it stops, dead, like it did in China, Russia and every other country that has tried it.

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Freedom of the Press?

 

And they still shill for this guy as he plots to hang them with their own rope.

http://www.thedailybeast.com/articles/2013/05/14/is-obama-worse-for-press-freedom-than-nixon.html

http://thecable.foreignpolicy.com/posts/2013/07/12/us_backs_off_propaganda_ban_spreads_government_made_news_to_americans?wp_login_redirect=0

http://verdict.justia.com/2012/07/02/journalists-protesters-and-other-terrorist-threats

http://www.mcclatchydc.com/2013/06/20/194513/obamas-crackdown-views-leaks-as.html

http://www.truthdig.com/report/item/a_victory_for_all_of_us_20120518

 

 

 

 

The "DIDN'T" Market

 

Today the Government Didn't open and the markets rallied. Our TimerTrac broadcast continues......

Quacera

Monday, September 30, 2013

It appears we are in a “Didn’t” market.  The U.S. “Didn’t” invade Syria – Market Rallies; Larry Summers “Didn’t “ become Fed Chairman – Market Rallies; the Fed “Didn’t” taper – Market Rallies.  Not doing anything appears to be the best course, doing something, anything, could be dangerous. Quacera QPM Radar Percent Positive is back to nearly 90% although the Early Warning reports are showing fading upward momentum, but few have  turned into accelerating negative momentum.  We are nervous, very nervous bulls and will remain so until the QPM Radar displays decisive moves into Quadrants “C” and “D”.

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