For me, there never was any credibility in chartsor algorithms...

  1. 113 Posts.
    For me, there never was any credibility in charts
    or algorithms as fortune-tellers for investment.

    Especially when corrupt US rating agencies can
    be bribed by Big Biz with fat contracts to give
    Junk Bond CDOs a top rating - or to give the
    Republican cause a big boost with a dodgy
    downgrade in US government debt to assist
    Republicans to replace Omaba with a white
    supremacist President in the White House.

    Our far-right supremacists led by Abbott and Hockey
    (like America's far-right Tea Party supremacists) are
    willing to do anything to get rid of trade unions, the
    Labor Party (and Fair Work Australia) to appease
    Big Biz, the Fossil Lobby and bring about Boss
    Nirvana similar to the dark satanic mills of old
    England and to Hell with silly human rights.

    In Boss Nirvana, only money has rights, and charts
    will be as reliable (as fortune-tellers) as medieval
    monks using brilliant mathematics to calculate
    how many angels can fit on the head of a pin
    while (all around them) poverty is supreme.

    The First Dip of a Boss Nirvana US recession is
    not over yet in its impact on Australia. Though
    Labor did much to protect investors and the
    workers from recession, the demand on
    charities and welfare services across
    Australia increased by 12% during
    the past 12 months - while their
    turn-away rate increased 19%.

    All is not well in Boss Nirvana and charts
    have no healing or employment power.
    Only consumer demand (from decent
    wages) can fuel Western economies
    and consumers are very skittish at
    present - and likely to bolt at the
    drop of a pin in Boss Nirvana
    where taxes are low and
    jobs are sent overseas
    to maximise profits.

    Boss Nirvana Republicans have no intention of
    repatriating US troops (sent to Arab lands) or the
    seven million US jobs sent to cheap-labour lands.
    They have but one passion: getting rid of Obama.

    Please stand by for the second American Recession.
    The violent ups and downs of the Dow last week are
    the US share market's Siesometer for what's coming.
    For the Contrarian Investor, bargains will abound.
    For Mum and Dad investors, terror will abound.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.