Obama's Magical Mystery Tour

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Tuesday, the 16th of August.

Obama's Magical Mystery Tour

Like a lot of folks, I enjoy the music of the Beatles.  While watching the news this morning, it struck me that President Obama's bus tour was not unlike the Beatles "Magical Mystery Tour" album of 1967.

Let me explain... Here we have a President who is so out of touch with what this country is going through, he finds it necessary to go out on a three day bus tour at tax payers expense and announce that he has a job plan.  But wait, this is the magical part: he's not going to announce this plan until after his vacation!  And the mystery part: if he has a plan, why didn't he announce it!  Did America really need to hear him announce that he has a plan, then not announce what the plan is?  I think not.  If you are unemployed, I'm sure the last thing you want to hear is that your president, the leader of these United States, has a job plan but his vacation is far more important than every day American jobs.  Talk about self centered.  There I said it, the king has no clothes.

By the way, one of my favorite track from the Beatles "Magical Mystery Tour" album is, wait for it, "The Fool on the Hill" written by Paul McCartney, sort of fits the times don't you think?

So let's go to the 6 major markets we track every day and see how we can create and maintain your wealth in 2011.

S&P 500
Monthly Trade Triangles for Long-Term Trends                = Negative
Weekly Trade Triangles for Intermediate Term Trends    = Negative
Daily Trade Triangles for Short-Term Trends                     = Positive
Combined Strength of Trend Score                                    = - 85

Chances are, the Fibonacci retracement zone between 1,223 and 1,253 will stop any further upside action.  The heavily oversold condition has been corrected and we continue to see choppy action overall for this index.  Please remember that the major trend is down for the equity markets and that strong rallies represent shorting opportunities with tight money management stops.

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SILVER (SPOT)
Monthly Trade Triangles for Long-Term Trends                = Positive
Weekly Trade Triangles for Intermediate Term Trends    = Negative
Daily Trade Triangles for Short-Term Trends                     = Positive
Combined Strength of Trend Score                                    = + 75

Intermediate term traders should be on the sidelines and out of silver at the present time.  Our - 75 Chart Analysis Score indicates more two-way market and a trading range.  If the market is any good, it will again resume its upward trend.  Let us be patient and wait for our Trade Triangles to kick in and give us solid buy signals.
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GOLD (SPOT)
Monthly Trade Triangles for Long-Term Trends                = Positive
Weekly Trade Triangles for Intermediate Term Trends    = Positive
Daily Trade Triangles for Short-Term Trends                     = Positive
Combined Strength of Trend Score                                    = + 100

Gold has traded as high as $1814.40 in the cash market before pulling almost $100.  The current rally is the one to watch.  The $1,723 recent low is acting as support.  The gold market has a tendency to move in swing movements both on the upside and the downside.  We have been indicating that we felt gold was going to make its high in the 3rd quarter of this year and we may have seen the high for the time being.  Both intermediate and short term traders should protect profits with tight money management stops.
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CRUDE OIL (SEPTEMBER)
Monthly Trade Triangles for Long-Term Trends                = Negative
Weekly Trade Triangles for Intermediate Term Trends    = Negative
Daily Trade Triangles for Short-Term Trends                     = Positive
Combined Strength of Trend Score                                    = - 75

This market has now moved back into the Donchian trading channel and is approaching a key Fibonacci retracement level of $91.00 a barrel.  We would not be surprised to see a little further upside action here.  The longer term trend for this commodity is down based on our monthly Trade Triangle technology.
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DOLLAR INDEX
Monthly Trade Triangles for Long-Term Trends                = Positive
Weekly Trade Triangles for Intermediate Term Trends    = Negative
Daily Trade Triangles for Short-Term Trends                     = Negative
Combined Strength of Trend Score                                    = - 70

The dollar index continues to remain in a broad trading range.  The index remains below its 200 day moving average while our longer-term Trade Triangle remains positive.

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REUTERS/JEFFERIES CRB COMMODITY INDEX
Monthly Trade Triangles for Long-Term Trends                = Negative
Weekly Trade Triangles for Intermediate Term Trends    = Negative
Daily Trade Triangles for Short-Term Trends                     = Positive
Combined Strength of Trend Score                                    = - 75

It would appear that this index has put in an interim low when it traded down to 315 last Tuesday.  Fibonacci resistant levels start at 332.95 (50%) and 337.14 (61.8%).  We want to be patient and let our Trade Triangles do the heavy lifting and wait for a signal from that front.

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As always, we rely on our market proven Trade Triangle technology for catching the big moves.
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This is Adam Hewison for MarketClub, I'll see you tomorrow right here, at 1pm.  Have a great trading day!

Every success,
Adam Hewison
President of INO.com
Co-founder of MarketClub.com

77 thoughts on “Obama's Magical Mystery Tour

  1. Thank you, Adam. I am heart-sick to read most of what was written here. Most polls I read say 60-70% of the voters believe the country is in trouble. The idea that government is the solution to problems is anathema to me. I appreciate anyone who will speak up. You're my hero today. Blessings

  2. I think it is silly to assume that the only people that disagree with the President's policies and direction of the country have to be right winged (or tea party), and watch Fox News.

    Obama's approval rating among Pure Independents sits at about 27% according to Gallup:
    http://fivethirtyeight.blogs.nytimes.com/2011/08/19/confidence-in-obama-and-in-the-economy-declines/

    It's pretty sad to label someone just because they have a different viewpoint than yours. I've known Adam for many years and he calls it like it is on all sides.

  3. What was it, at the end of 2008. (Bush's decision)
    And what was committed for 2009. (Bush's decision)
    Obama was left holding the baby - let's not kid ourselves here.

    I remember once having a conversation about Bill Clinton's presidency with a Republic.
    I was being reasonably complimentary, without being over the top (didn't want to appear to be patronising)
    He would not admit at any level that Bill clinton was responsible for anything good that happened during his tenure.
    I finally ended saying to him - "would you even give him credit for being in the right place at the right time" - Some of you guys need to open your eyes, wake up and smell the roses.
    I would at least give Bush credit "for being in the wrong place at the wrong time", but really he's the one that has caused the US economy to bomb.

    You cannot cut taxes and fight a war. You cannot cut taxes and fight a war.

    I'll repeat it again - over and over on every post I make until somebody takes me up on it and proves to me that I'm wrong. So come on hot shots, prove me wrong.
    (But you'll need to do your homework on the US WW11 war bonds first, because that's what will be thrown back at you for a start)

    The US needs to raise taxes to fight the war and cut spending to get it's house in order.
    Stop shooting the messengers (S&P ratings agency for example) and face up to the problems you yourselves caused.

  4. To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude .I place economy among the first and most important of republican virtues, and public debt as the greatest of the dangers to be feared. – President Thomas Jefferson

    The spirit of resistance to government is so valuable on certain occasions, that I wish it to be always kept alive. It will often be exercised when wrong but better so than not to be exercised at all. I like a little rebellion now and then. – Thomas Jefferson (1743-1846), U.S. President, Letter to Abigail Adams, 22 February 1787

    On every question of construction, let us carry ourselves back to the time when the Constitution was adopted, recollect the spirit manifested in the debates, and instead of trying what meaning may be squeezed out of the text, or invented against it, conform to the probable one in which it was passed. – Thomas Jefferson

    The democracy will cease to exist when you take away from those who are willing to work and give to those who would not. – Thomas Jefferson

    The principle of spending money to be paid by posterity, under the name of funding, is but a swindling futurity on a large scale. – Thomas Jefferson

  5. I'm sorry to see your comments ridiculing the very capable and democratically elected President Obama. You should stick to providing market analysis and stay out of politics. Perhaps you'd have preferred the "dream team" of McCain/Palin. I wonder if you commented on the fiasco created by Bush and the corresponding Wall St debacle? President Obama who inherited the biggest financial mess in recent history has tried his best to turn the economy around but has been stonewalled by the Party of No at every step along the way. You seem to have your head too far up the rectum of the Republican Party to see and think clearly. Hence I've decided to unsubscibe to your blog.

  6. I think what the OP was about was if you look at Obama as a stock and the recent buss tour as a 10k that there would be an announcement about an future announcement, Its laughable. If the administration were a stock and the results were intelligence and eloquence then there are those who value the entertainment not results. Results when the nation is hurting is whats important to the American people. 20% of the nations wealthiest people pay 80% of the taxes. 41% below $37000 pay nothing in taxes.

    The top companies EXON Chevron and GE paid no taxes last year. Obama said it was an outrage close the loopholes Yet still no action.

    When Obama talks about making sure we have enough Police Firefighters Teachers and security He is talking about spending stimulus money on the Labor Unions, Labor Unions collect $8 Billion dollars a year from forced Union dues. With that money they lobby the state governments, congress and the administration.

    Obama said he would end lobbying and the good ol boy network yet he has surrounded himself with Wall Street elite from Goldman Sachs etc. This year the top execs of GS got a record bonus yet they don't loan money to small businesses. Why? nobody knows what future regulations will mean or what the world economy will look like. GS is under scrutiny for bundling Toxic assets and derivatives and selling them world wide.

    Under Bush the military research budget was $56B in 2005 Under Obama its now $141B.

    Anybody who reads enough on the Internet sees plainly the slow corruption of our government over the last 30 years.

    Iraq and Afghanistan are known as the "Graveyard of Empires" the USSR was there 20 years and went broke. Where are all the war protesters that were all over Bush What about that Obama NOBEL Peace prize? LOL..

  7. They didn't remind you of the largest unemployment ever in America 16% for African Americans did they?
    And the "BIG BLACK" tour buses happen to not go into Black Neighborhoods either....

  8. You happen to forget both houses then and for the 1st 2 1/2 years under this loser were dem controlled.....

    But bless his heart he's so cool and will drink a beer with you...when he comes back from one of his vacations,at your expense..........When was the last time you went to Martha's Vineyard????

  9. I bet all of these liberals are just waiting for the food stamp tour to roll into their city....I notice the $1.1 cost black buses have " made in China" on the back of them.Wonder why there black looks like a funeral procession.....They all do forget too that Clinton had both houses as repubs...times were so great under his leadership, that his vp won in a landslide.Couldn't even carry eithers home state...seems everyone with brains had figured he an Monica out by then...

  10. Kudos to you Adam for being a straight shooter and sizing up the situation with the bus tour. I'm not a highly partisan person so find many of the comments waaaay out there. People need to lighten up. In the old days, most Presidents running for election would pursue the "Rose Garden" strategy; i.e., they wanted to appear too important, too presidential, too imvolve with solving problems to have time for the nonsense of politicking and mudslinging. If I was an advisor, that would be my suggestion. TAKE CARE! - Steve

  11. Guys, I know you're fixated about the US' problems at the moment, but might I draw you attention to a commented on fact.
    Yesterday Merkel and Sarkozy met to discuss Europe's problems and the markets were expecting (hoping might be more accurate) that they would have loads of solutions to offer.
    Afterwards they basically said they had no solutions to offer.
    Guess what - the markets took it in its stride and just dropped the usual %1 per day or thereabouts.
    Moral of the story - If you've nothing to say, say nothing (Unless of course you're a politician)

    So maybe the best thing the politicians can do, is to say nothing until they are ready to do something.

    My own view of the markets is for the politicians to let the traders figure it out for themselves and to stop offering crutches to ease their panic. The reason I say this is because usually the crutch takes the form of taxpayers money and why should my tax be used to make the richer even richer.
    If they want to solve the problem, let them raise taxes on the rich and use that money to solve the rich's problems.

  12. Please, send me no more e-mails. If I want garbage, I'll watch fox news. C. Mullen

  13. All too true. During his recent speech, he mentioned getting together with Congress "in a few weeks" to address the market issues.

    In a few weeks? Must have interfered with his self-promoted week-long birthday bash.

  14. Stunning - can i borrow your rose-colored glasses or take a toke of what you are smoking! Your view is void of REALITY and of FACTS. To give credit to Obama for getting our number one enemy is a bit of a reach - I would suggest it was our military/intelligence capability - Obama just happened to be sitting in the Presidential chair when it happened. BTW, your views are in the minority, Obama's approval rating is at an all-time low at 39%!

  15. The author forgot: the bus cost one million dollars, the bus modifications cost three million dollars, The rebound in the DOW twice was the work of the Plunge Protection Team which is part of the Treasury.
    Have a grand day
    Adrian

  16. When does this administration stop blaming everyone of their predessors and start taking responsibilty of there own. Never before has any other adiministration kept refering to the previous one as this one has.. Lets stop trying to get re elected and do some work.. here it is over one year or about 30 per cent of the term left and now start to campaign again. This is not about the people this is about securing positions. We the people are nothing but pawns. I think we should throw out everyong and start over as there certainly can not go anywhere but up.

  17. Well Adam,that's another fine mess you got yourself into. Bringing politics to the table doesn't do anything good for your site except raise everyone's political emotions. Reading this blog made me think of how I constantly switch back and forth from CNN and Fox because neither one can deliver unbiased political news or say anything good about each other because they are both two extremes. Either one will get you in trouble if you really believe in either ones views for too long. Stay neutral and don't get caught up in a political trap since politics are the epitome of corruption and both the left and right wing fanatics are what ruined this once great country of ours. I had enough of this political bullshit 20 years ago so now I just vote with my feet and live in Spain since trading outside of the political realm is much easier from here. The fundamentals of corrupt government bring most of their citizens nothing but bankruptcy and financial pain. Stick with the technical analysis and stay away from the fundamental political traps. Your followers will definitely appreciate you much more. Thanks in advance and keep up your good work.

  18. Facts are indeed stubborn things. Any honest and open research of what Obama has said vs what he has done would bring any thinking person to the same conclusion . This president does not tell the truth very often. A simple study of the outcomes of each and every move this administration has made shows complete and total failure.

    We have a president who is in way over his head and is driven by an ideology that is dangerous and destructive to our freedom . This blind faith or obsession with Obama is both strange and irritating. I hope enough people are awake when it comes time to vote or e are all screwed
    .

  19. I agree with you that the President have to be accountable for his actions. The problem with you Adams is that you want to convince us that he is responsible for the actions taken by his predecessors. Obama is not responsible for the financial crisis of 2008. Deregulation of the markets and the banksters are responsibles for that. Did Obama try to fix this mess? Yes, very hard. Did he succeed ? Not bad, he would have done a better job if republicans have been more cooperative. On the front of jobs, the recovery is too slow, but it is better then it was after the recession of 2001-2002. Obama is not responsible for the big deficits and debts he was inheriting in 2009. Did he try to find a solution, yes but it is impossible to resolve this problem only by cutting expenses, you have to add revenus, but the Tea Party is controlling the Congress and he is fighting to protect the fiscal previleges of the super richs.

    1. Leandre,

      Like a great many other Americans I would like to have seen some of the folks who caused the financial mess is the first place get prosecuted and go to jail. To the best of my knowledge no one is in jail not one person. Now that is a crime in my mind. Where were the government regulators? The folks who are paid to oversee all the markets. Well they were asleep at the switch and no one was held responsible.

      Adam

  20. No I'm not happy with the present situation Adams, but this mess is the result of the mistakes that have been done by Reegan, Bush 1 and Bush 2 and by the banksters. The Republicans have always put federal budgets in big deficits. They loved to make expensive wars et to give fiscal previleges to the super richs. They also loved to deregulate the markets and for that reason and with the help of the banksters we got the financial crisis of 2008. Obama is not responsible for all this shit and in my opinion he is working hard to get the country up. So stop your bullshit on the US President. Thanks.

  21. Adam, obviously you are watching Fox news WAYYY too much. Sadly, they lie every single day to their viewers, handing out misinformation and misleading directives for the religious right wing nut conservatives. To perpetrate the lies they spew is irresponsible and reckless. IF you are an analyst for financial world, you should know what damage lies do to the market. You really should consider another line of work, my friend. My firm would NEVER hire someone like you who sounds downright treasonous against are President, not to mention unpatriotic. For your info, he did NOT order those buses for his own use, the secret service did. They have calculated that it is safer for him to have the buses nearby, in case of a disaster somewhere in the world. They are nothing more than mobile communications centers, and they've calculated that they are far cheaper than flying out two planes, the way they always did with your pal, the idiot, GW. You know him. He's the one who handed out the $700 billion stimulus to Wall Street back in 2008/2009. Those buses are to make the President of our nation safer, and easier to protect, NOT a luxury tour of the midwest. Do you know what a MOBILE COMMAND UNIT is? Even if you did, would you admit it? Obama is out fighting the lies and deceit the radical religious right wing nuts are trying to skew to their own uses in the Iowa Straw Pols. Do you know what that is? If you are an analyst, why don't you just analyze, and leave your backward, racists opinions to yourself, and stay out of the political arena. You've only made yourself look bad here. I, for one, am through with you. As are all my clients and staff! Notices are already out via email to DROP YOU IMMEDIATELY, followed by the reasons why! I'm sure you have plenty of business with all the republicans you cowtow to. You're one of those that will NEVER LEARN!

    1. Parker,

      You are assuming way to many false perceptions about me.

      I believe this in America and free speech is still alive and well. If your views differ from mine, that fine, that is your choice. But please do not call me a racist that is insulting. You are assuming that just because I disagree with the president's viewpoint that I must be a racist that is so narrow minded of you. You also assume rightly or wrongly that I am a Bush supporter wrong again. Bush is no longer in office and if he were I would have made the exact same comments. Somewhere along the line President Obama has to accept responsibility that the current course that this country is on, is not working. Judging by the angry and hostile tone of your comment you are just as frustrated as millions of other Americans are right now.

      Adam

  22. As an Australian looking from the position of no political persuasion and no interest in American politics .

    1 The mess that Obama inherited from the Bush Administration cannot be fixed for many years. The war that Bush involved the United States in has not made the country any more secure . The Bush family did everything to prevent any examination of the protection the Saudi Royal family gave to Bin Larden and the benefits the Bush family were receiving financially from the Saudis.
    2 Look at the staff Bush choose , two dinosaurs from the Ford Administration out for whatever they could get were of the same mindset as Bush. Get as much as you can for yourself and your cronies and screw the country or rather the middle class who pay all the taxes and run the small business that are the backbone of the country.
    3 In Australia generally we are amazed at the partisanship of Americans generally . I cannot believe that Bush was given a second term. After having been elected by very questionable means for the first term and then committing the country to a war which has pushed America to the brink of ruin.
    Thank God we do not have a President as head of State here.

  23. Jeff,
    Obama was left with no tools to do the job?! Isn't that what he was elected for and hired all the brilliant associates for? How much time does he need ? Will another term do it or should we all just admit that Obama is Peter principled out and get a real President in there. Seriously, ever since Obama addressed the BP debacle way too late, and then wanted to 'kick BP's ass', we knew he was an obvious overcompensating incompetent wannabe.

  24. Hi Adam,

    I'm on board with Skipuppy, Jeff, Jim and the others who disagree with your pat dismissal of President Obama. We need to measure his presidency against where we were when he took office, not by some fantasy vision of where we'd like to be today. If you recall, this country was teetering on the edge of the abyss when Obama was inaugurated. Though the Republicans recklessly opposed his policies and proposals, Obama staunched the bleeding and stabilized the country. I think President Obama made a serious error in not prosecuting the worst of the scoundrels who dragged the planet down with their derivatives and other hocus-pocus, but other than that, I believe he's done a decent job. Stay away from politics, Adam.

    jsaman

  25. AND FOR YOU MR. HEWISON:

    "You have enemies? Good. It means you have stood up for something in your life." Stay the course, Mr. Hewison.

  26. JON,

    Your "shameless" ad hominem name calling serves you or your cause not. "We contend that for a nation to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle." Winston Churchill.

  27. Adam - you wanted to alienate a portion of your potential subscribers because ______ (please fill in the blank)

    1. Brian,

      If I say the market is going down and I am bearish, and other subscribers are bullish on that market am I alienating them. It not about alienating anyone, its about the state of this country and the number of Americans who are out of work.

      When does a president of a company assume responsibility of a corporation? After a year, two year, three years. The same can be said for the president of the United States. When does a president of a country assume responsibility for the country?

      Sooner or later the president of a corporation or the president of a country has to held accountable for there actions.

      Adam

  28. Would you stop doing politics. Are you working for Republicans or Tea Party ? All they want is to protect the taxation privileges of the superrich ? Did you listen Warren Buffet when he explains that ordinary people pay 40% in taxation and superrich only 17%. You will never solve the deficit of this great nation if the superrich do not pay more in taxes. Un fortunately, for now, White House and Congress are the slaves of Tea Party who fight for protecting the fiscal privileges of the superrich.

  29. Adam, you may know technical analysis although I often question your analysis. But as a retired business owner in my mid-60's and having seen this country struggle through wars and recessions, my opinion is that President Obama is the best president we've had in my lifetime. He and his team have done a masterful job of guiding us through terrible economic times created by greedy bankers and stupid politicians. I know everyone complains that the stimulus programs haven't worked but imagine how terrible things would have been had we not had those programs. The reality is that Obama has brilliantly navigated very troubled waters and he has handled international issues and domestic issues equally well. He found and killed our number one enemy. And he got that job done pretty quickly. Bush had many years to get that done and couldn't. Bush's tax cuts were supposed to stimulate growth but the only growth those tax cuts stimulated was in the national debt.
    Adam, stick to your technical analysis because your politics are just plain wrong.

  30. The only play in the Obama play book and that of his supporters is to personally attack those that believe we are heading if the absolute wrong direction...it is never to point to accomplishments and the good outcome of his policies....because there are none. The outcomes and his actions speak louder than words, and today they are screaming - abject failure to do any good other than for the political elite. At some point the Obama supporters will need to face the facts before them and abandon him before the country falls off the cliff. The backbone of this country and its prosperity is small business, which has been put out of business by this administration’s failure to energize the engine that stokes job growth…on the contrary they have thrown a wet blanket over it.

  31. WHOS SAYS ALL CAPS IS SCREAMING?? THIS WAS THE ONLY POST I COULD EASILY READ. I DID NOT PARTICULARLY AGREE WITH IT BUT I COULD READ IT. SO THOSE OF YOU THAT ARE COMPLAINING BOUT ALL CAPS JUST NEED TO HAVE YOUR EYES EXAMNINED. SOME OF US ARE OLD AND HAVE BAD EYESIGHT AND LIKE TO READ JUST LIKE YOU YOUNG UNS DO. GET A GRIP. LIFE IT TOO SHORT.

  32. Adam, he can't announce it because he has somebody else working on it and they haven't figured out which walnut shell holds the peanut yet !!!! This President has one foot on a banana peel. He didn't know how to prioritize when he got into office. He doesn't understand Budgeting 101. His "transferable skills" of bringing the Parties together did not transfer. He was so totally disorganized that he finally admitted shovel-ready projects weren't shovel-ready (gee, that would have been important to know when you're trying to "create" jobs) and he has managed to create enemies in business while making us a laughingstock around the world.

  33. re:
    CHOKED CORPORATIONS--we're still under Bush tax cuts
    ALTERNATIVE FUELS--this world is fossil-fuel driven. That's where the $ is.
    SO MANY REDICULOUS WAYS--rediculous spending has been going on for decades

    No one here even mentions the FED.

  34. Frankie,
    You have your facts wrong as usual. I think much of that is deliberate. Hysterical people use all caps, but you have forgotten the !!!!!!.

  35. Adam. I agree with your observation. Not sure what all these liberals are doing on your web site? I would have thought they made enough on welfare and other handouts that they didn't need to have a sideline job, trading? Or may be they are just plants by the democratic party?

  36. The evidence is clear that if John McCain had become president in 2008 he would have inherited the same debt that President Obama did. We as a society have become very free with assertions of "idiot".

  37. I fell for the lies and fear that the rightwing GOP and others like you pushed for years. I was registered as a republican for 25 years. I am now ashamed of that fact. And I have now become embarrassed as an American that this Pro-Warfare yet anti-healthcare GOP still won't shut up about it's failed ideals. Those that love to wrap themselves in the warm blanket of patriotism and the great people of America and it's system of government seem to have nothing but contempt for that same government by those same people.
    I watched the debt soar with Reagan and Bush 1. They said it was not important.
    I watched it become more stable with Clinton.
    I then watched it go through the roof with bush 2 in what seemed to me to be an intentional attempt to bankrupt the government.
    What better way to reduce government than to cripple it financially and than blame the lack of recovery on your successor.

    Perhaps if we make the obscenely wealthy even more wealthy they will give us all wonderful meaningful jobs building a greater civilization …
    Or perhaps Tiffany stock will just continue to do well.

    I agree strongly with Jim and Stephen. I think you should stick to technical analysis of the markets which you seem to have some skills with.
    Your misguided and ridiculous political comments are childish and somewhat disgusting to a large percentage of your audience. This causes me and others like me to question your judgement on any matter including technical analysis. Of course we must pay attention to political trigger points, but a bus tour of Iowa as cause to say the king has no clothes. BS
    Perhaps it is you that is the fool on the hill.

    "God and all his saints and angels" Frankie? Where have you been the last 10 years.
    Typical.
    Pathetic.

    I am not republican, nor am I a democrat.
    But I do trade stocks and I try to support this reasonable, intelligent, articulate President that has been left with no real tools to do much thanx to the last.

  38. GAR;YOU SAY THAT OBAMA AT LEAST TRIES TO SOLVE PROBLEMS...PLEASE. YOU HAVE TO BE ON THE SAME STRANGE OUTER PLANET AS HE'S ON.HOW CAN HE POSSIBLY BE SOLVING PROBLEMS IN OUR NATION WHEN HE HAS CHOKED CORPORATIONS,LARGE AND SMALL,WITH BACK BFEAKING REGULATIONS.SO NEARSIGHTED THAT HE STIFLES EXPLORATION FOR ALTERNATIVE FUELS TO END OUR FOREIGN INDEPENDENCE. CAN ONLY FUNCTION BY SPENDING IN SO MANY REDICULOUS WAYS.APOLOGIZING TO OTHER NATIONS FOR OUR WAY OF LIFE.I'V LISTENED TO HIM FOR THREE AND A HALF YEARS SAY ..WE NEED TO, WE NEED TO,WE NEED TO, WE NEED TO,AND MORE WE NEED TO'S. JUST DO IT. THAT PRESIDENT WANNA BE IS IN WAY OVER HIS HEAD AND DRAGGING DOWN THIS GREAT NATION. I THINK WHAT YOU NEED IS TO EDUCATE YOURSELF ON WHATS GOING ON AROUND YOU.TRY THAT SO YOU CAN SOUND SENSIBLE.

  39. If you're so smart, maybe you should solve the
    mess bush & cohorts got this country in!

    1. Corrie,

      If you watch the video you will see I refer to the Republicans, Democrats, and Independents as all being just as guilty for getting us into this mess.

      Adam

  40. Adam, your political analysis is right on. This is a guy that needs to be replaced in 2012. He has done nothing to create jobs or to give this economic engine a kick start. Nothing. He will continue to push for more regulation and taxes which are both a detriment to economic growth. He has no plan. We have heard this all before.

  41. Quit Screaming! Learn how to use a "Caps Lock" or shift key. You sound like teaparty wingnut!

    1. John,

      Are you really happy with what's going on in this country?

      Adam

      P.S I am not a teaparty wingnut for your information

  42. I have unsubscribed from your blog alerts.
    This is the same drivel I have heard, blaming the incumbent president for the mess we have been building in this country since the Nixon administration. Really, you think Obama is bad? He and his cronies didn't rape and pilage our country like the Bush's/Cheney administration.

    You are not and should not pretend to be a political pundit. Stick to clear and insightful stock market analysis.
    I'm out.

  43. Adam, keep it up. Your technical (and political) analysis are spot on. Love your wit also. Surprising how a few comments from yourself draw such vemonous comments. Everyone seems to be stressed to the limit and only takes a little bit to set some people off. Anyway, as you can tell, I am one off your supporters.

  44. You are giving Obama too much blame for our current economic problems. Our economic problems have evolved over a multi-decade period with the promotion of easy credit and subsequent bust. Obama is to blame? Obama inherited this problem and stock market collapse. I am not advocating for Obama. What would you have done if you were elected president in '08, Adam? Can you prove that it would have worked for us?

  45. Remember that the President can only do so much. We have a sorry congress and with the three parties in the house it doesn't get any better. (including the Tea Party)
    If we are dumb enough to elect another Texas govenor - HEAVEN HELP US - He may be a step behind W. and has done a horrible job in Texas.

    1. Texas, Ed,

      Thank you for your feed back.

      Quite frankly I think that all of Republicans, Democrats and the Tea Party members are not looking out for the country. All they are looking out for is getting reelected and saving their jobs and not the jobs of millions of good Americans.
      Adam

      Adam

  46. Maybe we can elect another Texas govenor. You think W was bad. He may be the smarter of the two!!

  47. Adam,

    Keep up the Rants !

    It is time for this country to KNOW THE TRUTH !
    We CANNOT GET THE TRUTH IN THE GOVERNMENT, I AM SO GLAD WE HAVE PEOPLE LIKE YOU TO HAVE THE GUTS TO SPEAK. MORE PEOPLE SHOULD SPEAK UP !!

    I HAVE TO AGREE WITH YOU AND JIM ROGERS ABOUT THIS COUNTRY. MAYBE THE OLD TIMERS ARE THE ONLY ONES WHO COULD SEE THE LIGHT, AND HAVE THE GUTS TO SPEAK !

    Dina

  48. Note may not be popular with the board but a spade is a spade and the truth hurts. Thanks Adam.

  49. Adam - You are way off base here.

    The per capita inflation adjusted GDP grew from 30k to 42k between 1980 and 2010. See the graph below for actual numbers. 12k of that growth occurred under Clinton and Obama. Reagan, Bush, and Bush combined for precisely 0k of that economic growth by running on laissez faire and asset inflation policies. Remember that Asset Inflation is included in GDP. If you adjust for that, the supply side/government leave us alone crowd registered a whopping decrease in GDP while they were in power.

    http://www.johnmauldin.com/images/uploads/charts/071511-03.jpg

    I agree with other commenters that your posts are offensive.

  50. Shameless pandering to the deluded and hysterical right. How about looking at some facts? People who depend on Fox News and Rush Limbaugh for their knowledge don't really want any.

  51. God and the angels did help this country ---- We got rid of "W". At least Obama tries to solve problems.

  52. I believe Adam's comment about "the Emperor has no clothes" is very apropos to the fundamentals of the market. Lousy, clueless lack of leadership is what is pulling the economy down. Uncertainty is killing business. This situation definitely sets the conditions for how people in the market are going to behave, with their various mixes of fear and greed psychology that is always a big factor.

  53. Sorry Adam I find your personal jibes agaisnt your president offensive. I thought this was a market website keep your politics to yourself otherwise go work for Foxtel. No one and certainly not the financial community has an answer to this situation except maybe Jared Diamond

  54. Warren Buffet, Alan Greenspan, former Reagan-era OMB director David Stockman, former Reagan adviser Bruce Bartlett, and 66% of Americans believe taxes should be raised on the rich. It's clear which politicians are out of touch with what this country is going through.

  55. MAY GOD AND ALL HIS SAINTS AND ANGELS HELP THIS COUNTRY AND ITS PEOPLE IF THIS MAN IS ELECTED FOR A SECOND TERM.THIS IS A LIKENESS I HAVE NEVER KNOWN OR HEARD OF IN MY 67 YEARS.

  56. I agree with Jim, I'm not sure yet how good a market analyst you are but I know you're a sorry political analyst.

  57. fsbk=an aggresivie bank in nc=rumors r it may be a buy out prospect=dont like rumors=but vol is up=any advise=heavy (for me) in this stock

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