Morning Update: July 01, 2014

1-855-RWT-0008

Random Walk’s Motto:

Success through integrity and care. The law of abundance means we can all win.

51 Days in a row where the market has not made a >1% move. Unsustainable? YOU BET

Happy Day!

Yesterday and Today

Yesterday

Another relaxing day, if you like waiting (not fishing). The longer this goes on the harder it will be for people to adjust when we go back to normal price swings. And don’t be fooled, this could be the week we get a 1% move. But yesterday – the clam before the storm?

Today

Today is the preliminary to copious amounts of data being released for the week. Today’s numbers are not significant compared to Wednesday and Thursday, but maybe it will jar something loose.

We still have the struggle going on between money going into the market and all the crap news coming out, so we will need one good day of news to make 17,000 a reality. Or we could pivot over the cliff and fall.

Keep in mind all the things going on that the market is ignoring.

• Weakening GDP and economy

• Widening gap between wealthy and poor, and middle class evaporating.

• A near victory over AL-Queda before the current administration decided to exchange 5 terrorist for every military deserter.

• A housing market that is best described as “whatever”

• A bond market that NO ONE in their right mind would buy despite it being the right trade for the last two weeks.

• A country where being on welfare pays more than an average American worker (See below in WTF)

• A current administration that is slowly getting so carried away that even the liberal Supreme Court is overturning their decisions.

• Coitus Interrputus in Iraq, where we pulled out before finishing the job. This is creating a whole AL-Queda nation that has $4 bln and oil platforms.

• An election year for a messed up Senate.

• Over 2 years since the last 10% correction

• The longest bull market in history (time considerations) as of a week ago

And alas, we continue to climb in the face of stupid. But that will change, but until it does one has to ride this trend.

PUT IT THIS WAY….if we make 17,000 at the end of the week or Monday (post holiday rally) and then fall, this will be too easy and predictable.

“We take our foot off the throat of this enemy for one minute, and our world changes completely.”

Body of Lies

POT is held each Wednesday night at 7:00pm eastern.

Contact the office at 1- 855 – RWT – 0008 for more details. 

Too True To Be Funny

It is a great day in American when Hilary is upset. It means communism is not here yet, and separation of Church and State still exists. 

Here is the list of the states where the pre-tax equivalent “salary” that welfare recipients receive is higher than having a job:
1. Hawaii : $60,590
2. District of Columbia : $50,820 (Go Figure)
3. Massachusetts : $50,540
4. Connecticut : $44,370
5. New York : $43,700
6. New Jersey : $43,450
7. Rhode Island : $43,330
8. Vermont : $42,350
9. New Hampshire : $39,750
10. Maryland : $38,160
11. California : $37,160
12. Oregon : $34,300
13. Wyoming : $32,620
14. Nevada : $29,820
15. Minnesota : $29,350
16. Delaware : $29,220
17. Washington : $28,840
18. North Dakota : $28,830
19. Pennsylvania : $28,670
20. New Mexico : $27,900

Attorney Stuff

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