My Home About Me

On Thursday, Treasury Secretary Hank Paulsen, and Federal Reserve Chairman Ben Bernanke will take their dog and pony show to China in hopes to convince the world's next dominate economic power to throw them a bone. Since taking office in July, some strange things have occurred under Paulsen's watch. Take for example the Goldman Sachs re-weighting of gasoline in its institutionally copied commodity index from 7.3% to 2.5%. This adjustment to the index occurred a few months before the November elections. Prior to taking a job with Goldman Sachs in 1974, Paulson served as assistant to John Ehrlichman in the Nixon administration from 1972 to 1973. In his weekly update, Jeff Saut at Raymond James said; "As for the “here and now,” we have deemed the recent performance by the major market indices to be somewhat “unnatural.” Markets typically go up, correct by 25%, and then re-rally if they are going to trade higher. This, ladies and gentlemen, has not been the case recently as the averages have “unnaturally” vaulted higher without so much as ANY correction.

options   oil   technicals   stock   investor   charts   Short selling opportunities   Technical chart patterns   support/resistance levels   ETFs (exchange traded funds)   Deron Wagner   Basic Materials sector   IRS denies trader tax status   trader tax status   mark to market accounting   Patience in the markets   Dow Monthly Performance   Dow Performance since 1900   Amateur Investors   Nasdaq Composite chart pattern