Weekend 8/30/2026
All major stock stock indexes have topped. Here is the NDX, tech led on the way up and will on the way down.
ON the 2 bar per day chart we have a wave one down and two up, the high of June has not been taken out. And the NDX has started down. I was thinking the real sell-off would be delayed until after Labor Day but Trump is doing everything he can to arouse negative social mood
Canadians are not buying US goods
Hegseth has to be told not to extend Iran war
Trump attempts to re name Lake Ontario
Canada talks to Trump in four letter words - I do not ever recall this happening in my lifetime and I am not a young person
Bessent struggles to cover for Trump
I lived thru the bear market of 1973-74, this reminds me of the negativity of the Watergate era, which was a 50% decline in stocks. and that was among the blue chips
I saw a comment on the internet, NVDA can't play the shell game forever
Check out NVDA's debt load this reminds me of everyone buying dot.coms and sub-orime mortgages and we know how that turned out
Since March the 30 year yield is up from 4.6% to 5.2 % and was 5.3%, yikes, the 1970s were the final period of ultra high rates peaking in 1981, again same thing all over again, the WSJ was agog over Marsh comments at Jackson Hole, he won't stop what is happening it is way too early in the 39 year cycle
What do WMT IBM AAP Advanced Auto Parts and DKS Dicks Sporting Goods have in common
Answer air pocket one day drops of 9-25%, investors will not accept anything but outstanding performance, another clue of a top
s I said in my column Friday, what is wrong at WMT, surely as reliable economic indicator as anything?
Get ready for a big change, I am still getting e mails telling me stocks are a bargain....
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