Oh, but that "fiscal cliff," now that should be a big middle class concern according to Fascist Central. Why your taxes are about to go up thousands of dollars a year! Well, here's a little truth everyone can chew on. The bankrupt pricks evidently are plum out of scams which to shove up your backside and now have no other means to sustain their dying Ponzi scheme than through stickups with their gun held right to your face. In fact, I'm dubious Team Fraud's media mouthpiece is not intentionally pitching a losing battle, this so an even bigger slice of swindle might be extorted from Treasury. Of course, for this the middle class will pay dearly, but don't tell CNBC, as they're too busy licking bankrupt butt to concern themselves much about reality.
Now would be a good time to recall resistance to TARP in 2008 registering at 10-1 opposed via phone calls and letters to congressional offices. The sentiment against swindler subsidy by no means has diminished over the interim, either. Overcoming this resistance is a well-known ruse, too. The gun to your face is the object upon which we focus here: the stock market, specifically, and financial markets more generally. Lord knows these are technically well-poised for a throttling.
At last, the NYSE Bullish Percent Index has entered the "death zone" (RSI < 30).
Meanwhile, the CBOE Put/Call Ratio's momentum still is positive and rising. Ditto the Volatility Index's momentum. Both portend more pain for stocks over days ahead.
On these three very short-term accounts we likewise find a decided degree of complacency indicative of a market with considerably more selling to suffer. By all appearances there seems present here the measure of resistance to believing any noteworthy trouble might be in store. Rather, the consensus appears to be bracing for yet another dip which to buy, today but biding time until someone steps up and gets things moving in a positive direction. There's every reason to believe, though, these folks are about to be disappointed. Judging by panic intentionally being manufactured over the so-called "fiscal cliff," the "buy the dips" crowd soon might be transformed into a "god save our sinking ship" contingent. The market's pending decline could be a real heartbreaker.
* * * * *© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.
Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.
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