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‘Informational asymmetry’ . . . is a seemingly complex way of saying; some people know ‘what’s up’, before the rest of the investing crowd (much less average citizens) find out (a number of little-discussed or known financial, military, and health issues in this weekend’s report are touched upon for our members). Yesterday a story started circulating in Europe (reached us Friday morning) about the ‘warning memo’ from Société Générale warning clients to prepare for the possibility of ‘global collapse’ in the next two years. (Further discussion in this weekend report.) 3 ‘technical corner’ videos highlight the current ‘tension on the tape’ Dow Jones Industrial Average chart:
MarketCast (intraday analysis & embedded Daily Briefing audio-video). . . remarks forecast substantive failures by banks or other areas; following breakdown action, as we've outlined. Remember; back in early 2007 we denied the 'liquidity' momentum as a canard; believing housing only the first of the asset bubbles to deflate. We outlined structured investment vehicle failures; banking issues, confluence of asset deflations, and more; continuing with interruptions per projecting long ago: 'a perfect storm'. As the debt bubbles continue to deflate, alternating tradable moves continue from a trading perspective. Against that backdrop retaining a macro (adjusted) Sept. S&P 1600 +/- short irrespective of interim oscillations. Technical analysis via video follows.
December S&P chart:
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