With today's market declines, the S&P 500 is in danger of breaking its short-term uptrend line as well as its 50-day moving average. The index is currently trading just a half of a point below its 50-day moving average and will need to close above that level for the uptrend to hold.
The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own.
Friday, April 11, 2008
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