9/7/2026
The Theranos CEO had a film crew follow her the 34 days beore reporting to prison
October 2026 theatrical release
Apparently the producer director talks with her one on one as another actress 'acts out' what happened
Geee three hours, I may wait for the DVD
Rita Crundwell has All the Queen's Horses, a video on her tme in Dixon, Il.
This should be most interesting, I look forward to it
Labor Day Weekend
9/6/2026
A few stocks are a better proxy for the real market than the 7 Mag Stocks over weighting the SPX index. I suggest one such stocks is Wal Mart WMT, I have mentioned this before.
Finance yahoo reports this
Walmart is under scrutiny as the Justice Department investigates rising beef prices, affecting its pricing strategies. Additionally, the retailer is expanding its delivery service with Dunkin’ to enhance customer convenience amid shifting consumer spending patterns.
Okay see previous post on Trump threats, no doubt everyone will be investigated by the Mid Term election date
Momentum in the SPX peaked this summer, see the blue arrows. I suspect all major indexes INDU TRAN SOX NDX COMPQ have now topped.
From the sub prime low of 2009
9/4/2026
I did not want to lose this link, more later, interesting this comes as the market declines from multiple 5th wave tops at various factrals
Trump posted on Truth Social, in what appeared to be a directive to the Federal Reserve, to "LOWER THE RATE OR I'LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT."
Why did Kevin Marsh take this job? This appears to be a totally unhinged comment. Expect Dems to poiint to this if they want to raise 25th amendment doubts about Trump. Trump is overly simplistic about caoitl markets all he knows is to lower rates, never mind macro-economics.
9/4/2026
Déjà vu, It’s 1973 All Over Again
Several U.S. military leaders have advised Defense Secretary Pete Hegseth that prolonging large-scale operations against Iran is unsustainable and risks weakening their ability to confront threats elsewhere
Hegseth Extends Mideast Deployments Into 2027, Escalating Strain on Troops.
Richard Nixon had been re-elected in 1972 to the chagrin of the press. Nixon and the press despised one another. Ditto for Trump today.
Then Nixon had promised to solve/end the Viet Nam war. Trump made the same promise for Ukraine. Now we have Ukraine and Iran.
Oil prices soared with the first Arab embargo in October 1973. Fifty-three years later, oil prices are again rising, now at $90 here, $Brent is $96.
Interest rates were rising then. Nixon took the US off the gold standard in August, 1971. Federal expenditures would soon explode, backed by fiat money. Today we have a $40 trillion national debt.
Stories of bond vigilantes are all over the news. A bond vigilante is one raising interest rates on existing bonds. The message is that the market will demand higher interest rates as expenditures balloon world-wide.
The stock market had notched another high over Dow 1,000 by 1973. This tied the high of 1966. Today the DOW has made new highs around 54,000. Again, a tech boom, this time in semi-conductor chips and the Magnificent Seven tech stocks, has accounted for the rise. That segment of the market however represents only a handful of stocks.
Despite all the talk of Nvidia, the SOX index of semi-conductors topped at 14,000 in June. It now trades around 11,000.
The Transportation Index topped in April at 24,500. It now trades under its 50-day moving average at 20,861. Higher oil prices knocked every Transportation issue lower this week. Transports are not confirming the highs in the Industrial index.
The price of West Texas Intermediate crude oil is trading above its 50 and 200 cay moving average. The previous high was March 11 around $120. Price has now broken above the downtrend line from that high. This suggests the oil market will make another run at that previous high. In fact, I expect it to do so. With an expected Democrat takeover of the House, things will only more difficult for Team Trump.
Mark Twain observed that history does not always repeat but it sure does rhyme. The parallels of now and 53 years ago are too strong to ignore. Markets now enter the seasonally weak fall period.
Be careful out there. From January 1973 to December 1974 the DOW lost about half its value. The low of December 1974 was 577.
Professorelam.blogspot.com
9/1/2026 1:30 OM CST
As posted yesterday all DOW averages have now topped. I thought it would take until afte rLabor Day but the events are taking a life of their own
Wars in Ukraine and Iran
Higher Oil Prices
Tariff Woes
Oh add Lazy Boy to one day stock air pocket drops.
the bear market is getting underway.
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