Tuesday, August 1, 2017

Ominous rumblings.

1. Record number of Hindenburg warnings.

A Hindenburg warning is when the DOW advances but the DOW stocks stay put. How can that happen? Like this: the last month the DOW packed on 291 points, but of that 206 was due to Boeing.  During the month of July there were a record 8 Hindenburgs!

2. Scaramucci was not adequate for the job.

He did not know that reporters are enemies of Republicans. So, he bad mouthed colleagues, using foul language (not permitted for Republicans), believing that the Reporter beast would keep it off the record.

3. Economic numbers are shaky. The Dollar slid to 92 before going back above 93.

4. Republicans are blowing the opportunity.

5. Some Republican Senators are beginning to be "independent."

6. Gold continues to look promising, but not delivering. The latest is that if it gets past 1,350, a big rally will ensue. Yeah. But it "needs to go up to go up" as one person put it.

7. Republicans lost some State elections in New York and Oklahoma. Dems are spending lots of money.

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