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The all important MONTHLY chart on SPOOS. And what an unfortunate 3 months it has been for the BTFD crowd…I have some news for you Mr. President . Because you have claimed personal credit for every single new all time high – your are going to own this all the way back to the 2009 lows. To wit:
- The purple squiggly line is a 21 period SMA. It has always signaled transitions from Bull to Bear markets and from Bear to Bull markets. The current level on this moving average is 2644.33 – A close below this level on a MONTHLY basis will be disastrous. It would portend a very evil January followed by a violent February. For the Bullwinkles that is.
- Failure of the 21 SMA suggests there is no true diatonic support left until we were to test the 2214 levels on S&P.
- The last time we had an actual close below the 21 SMA was the double bottom that formed in January & February of 2016 – right at the S&P 1800 level. 800+ SPOOS points ago.
- November of 2009 was the first time we crossed the 21 SMA, coming out of the GFC. Ten years and some 1600 central bank phony money induced points ago…And this next time the Fed ain’t coming. They still have another 4.1 trillion notional to dump.
- The Great Financial Crisis low in March of 2009 – @ 666.79. Ominous…
I AM KingCAMBO…smoke em’ if ya got em’ and that’s how I roll on year end 2018!
You want to talk about a brilliant move by president Trump? What he did yesterday was masterful. Instead of negotiating border security behind the scenes with back stabbing, sanctuary city socialists, he did the negotiation in front of the fake news media. It was masterfully done so everyone could see. The president’s message was simple. Fund the wall now or I will shut down your government!
When these sanctuary city politicians began to realize the negotiating was on live television, you could tell they couldn’t handle the fact the president had the upper hand of the entire argument. He used facts instead of their fake news media bullet points. Their reaction and body language said it all.
When they realized the president was winning the argument on live television, these vile, open border socialists began insulting the president of the United States. These two dumbasses are as bat shit crazy as their insane base. Take a look.
Trump invited these two open border traitors into the White House in order to discuss building the border wall. The president told these insulting ass clowns he will shut the government down unless he gets the proper funding to build a border wall. The president has the facts and the people on his side. Last month alone, Illegal immigration was the largest in our nation’s history. It should be no surprise to anyone polling on this subject. The data confirms the American people are on the president’s side.
70 percent of Trump supporters want the wall built now in order to stop the constant invasions coming from the south. If there was a wall to stop this constant law breaking, there would be no invasions. The president masterfully rolled these two socialists on live television. The president’s message was plain and simple. Fund the wall now or I will shut down your government!
“Whereas it is the duty of all Nations to acknowledge the providence of Almighty God, to obey his will, to be grateful for his benefits, and humbly to implore his protection and favor—and whereas both Houses of Congress have by their joint Committee requested me “to recommend to the People of the United States a day of public thanksgiving and prayer to be observed by acknowledging with grateful hearts the many signal favors of Almighty God especially by affording them an opportunity peaceably to establish a form of government for their safety and happiness.”
“Now therefore I do recommend and assign Thursday the 26th day of November next to be devoted by the People of these States to the service of that great and glorious Being, who is the beneficent Author of all the good that was, that is, or that will be—That we may then all unite in rendering unto him our sincere and humble thanks—for his kind care and protection of the People of this Country previous to their becoming a Nation—for the signal and manifold mercies, and the favorable interpositions of his Providence which we experienced in the course and conclusion of the late war—for the great degree of tranquillity, union, and plenty, which we have since enjoyed—for the peaceable and rational manner, in which we have been enabled to establish constitutions of government for our safety and happiness, and particularly the national One now lately instituted—for the civil and religious liberty with which we are blessed; and the means we have of acquiring and diffusing useful knowledge; and in general for all the great and various favors which he hath been pleased to confer upon us.”
“and also that we may then unite in most humbly offering our prayers and supplications to the great Lord and Ruler of Nations and beseech him to pardon our national and other transgressions—to enable us all, whether in public or private stations, to perform our several and relative duties properly and punctually—to render our national government a blessing to all the people, by constantly being a Government of wise, just, and constitutional laws, discreetly and faithfully executed and obeyed—to protect and guide all Sovereigns and Nations (especially such as have shewn kindness unto us) and to bless them with good government, peace, and concord—To promote the knowledge and practice of true religion and virtue, and the encrease of science among them and us—and generally to grant unto all Mankind such a degree of temporal prosperity as he alone knows to be best.”
Given under my hand at the City of New-York the third day of October in the year of our Lord 1789.
There is a sudden sadness in the fake news media world today. It is because their anti-Trump hero was arrested on domestic violence charges yesterday in Los Angeles. He is Michael Avenatti. He is the man who boldly promised to end the presidency of Donald Trump. Unfortunately, all he did was end his own chances of doing anything after his arrest. After Mr. Avanatti’s arrest the fake news media won’t be needing him anymore.
Yesterday, Mr. Avenatti officially killed his own credibility along with the credibility of the fake news media. You may remember Avenatti represented a porn star who claimed, without evidence, President Trump had a sexual relationship with her several years ago. He also used fake rape accusations from women to try and stop the nomination of Justice Brett Kavanaugh. Accordingly, the fake news media went along with that fiasco as far as it would go. They ultimately failed in that quest. The fake news media along with Avenatti had one mission. Whether by hook or crook they were going to destroy the president by any means necessary. Their desire to make president Trump out to be the next serial abuser of woman. Just like liberal icons such as Harvey Weinstein, Bill Cosby, Matt Lauer, Charlie Rose, Bill Clinton and Elliott Spitzer.
Mr. Avenatti, his clients and the leftist media profited greatly from their fake news stories about unverified sexual encounters and high school rape rooms. The ultimate goal was to destroy the president of the United States and his Supreme Court pick. . The fake news media spent thousands of hours of programming in order to hood wink the masses into thinking their president not only didn’t care about women, but used and abused them. Their efforts failed miserably. It turns out it was Mr. Avanatti who abusing women. Not the president. How ironic is to see Mr. Avenatti arrested for abusing a woman?
The man the fake news media put their hopes and dreams on destroying the Trump presidency has unfortunately destroyed his own credibility with his domestic violence arrest on Wednesday. The fake news media’s champion of women isn’t really a champion of women after all. In reality, he is just a creepy porn lawyer who beats women up. Interesting enough, we stopped hearing about his porn star client months ago. This is because Mr. Avenatti and his fake news media friends didn’t need her story anymore. She ran out of usefulness. Hopefully we won’t be seeing or hearing from Mr. Avenatti anytime in the near future. That’s because his usefulness is now over. After the arrest of Mr. Avenatti, the fake news media won’t be needing him anymore.
The American left hates economic prosperity. We know this the way they treat president Trump. Trump is in fact the person who orchestrated the current economic success we see today across the country. The fact his economic policies created this success doesn’t much matter to them. Yet, they loved and adored Obama even though his economic policies were a total disaster. Obama presided over the worst economic recovery in history. It was all due to his socialist, job destroying agenda that gave us eight years of economic misery.
The American left once ran on the slogan, “Its the economy stupid?” That was at a time when leftists ran on making the economy a grand part of their election strategy. That’s why Bill Clinton won the presidency in 1992 using the computer/technology bubble to his electoral advantage. Today, that strategy can’t be used by them because they have not contributed to the current economic revival. All they have done is resist the current administration’s mechanisms that have helped fuel the economy. This proves they don’t care about the American economy anymore. Their main concern is pushing big government socialism. The same kind of socialism has burdened third world countries such as Venezuela, Nicaragua and Cuba. To understand how the American economy is better off today as compared to when the last failed democrat president ran things all one needs to look at the basic facts.
As of today, the unemployment rate is currently at 3.6 percent. The unemployment rate hasn’t been this low in fifty years. Medium household income is up 4 percent since 2016. Take home pay is up 3.6 percent since the last democrat president left the White House. This great news can be attributed to the republican plan of deregulation and tax cuts. With all of this great news you can understand why the American left hates president Trump and the people who supported him. The left hates America’s success.
When you look at the GDP numbers today compared to before president Trump assumed the responsibility as president, the numbers have actually doubled. The last leftist president left office after eight years of never once achieving 3 percent GDP quarterly growth. Yet, under president Trump, GDP growth has almost doubled. With GDP numbers this high the American left still hates the president and the people who voted for him. Proving again they can’t stand a successful America.
When you look at the numbers pertaining to jobs and employment, those numbers are also historically high. Since president Trump became president, 4.3 million jobs have been created according the the Bureau of Labor Statistics. Black unemployment dropped from 8-3 to 6 percent. Hispanic unemployment fell from 5.7 to 4.5 percent.
The consumer confidence level when President Obama left office was 98.6 percent. Today, thanks to President Trump, that number is 137.9. A number that hasn’t been seen since 1985. Today more people are less stressed about their financial situation than they were two years ago.
A thriving economy was once something the American left cared about. Not today. The candidates they are running this election year are campaigning on the idea of standing up to president Trump’s economic success. Their charge is anything Trump does is harmful to America even when the facts show you otherwise. What is harmful to a successful America isn’t president Trump. It is the insane American left who is devoid of any reality.. What we have learned about them after two years is the American left hates economic prosperity.