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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 

Condensed Articles

August 31, 2016

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ALL TIME HIGH

By Mark J. Lundeen

(condensed)

I don’t have a lot of faith in this market advance.  For one thing, trading volume for the Dow Jones index stinks.  I don’t want to bore my readers by covering the same subjects week after week.  But week after week, month after month, and now year after year, there has been something very wrong with this market’s trading volume that needs to be pointed out. Trading volume is the prime indicator of investor demand for shares trading in the stock market.  Increasing volume indicates increasing demand; declining volume indicates decreasing demand.  Record valuations for the Dow Jones, or anything else, should be seen on rising volume (rising demand). Since January 2000, at the top of the high-tech bubble, trading volume and stock market valuations became inverted.  Rising market valuations occur on declining volume, and declining market valuations occur on rising volume for the past sixteen years. That violates the law of supply and demand.

It’s not difficult understanding what’s going on.  Watching CNBC for a few hours tells the tale; the Federal Reserve, with the full knowledge of the federal government and the financial media, is manipulating the stock market by supporting valuations during market declines with monetary inflation.   This fact doesn’t bother most people, but if history is any guide, it should. History is littered with ruined empires that were brought down by debasing their coin of the realm.  The United States and the European Union won’t prove to be any different.