Monday, January 22nd, 2018

SPX is touching 1100 which is an important level, if we close above that is very bullish. The market is looking much better now. But lets not jump into excitement. I have seen too many sell offs in the last 3 months when Financial Reform Bill was being debated around including a flash crash on […]

Major wall street reform has passed the Senate 60-39  and is sent to President for signature. Two years after a major financial crisis brought this country to it knees, a major  reform has been passed that will ensure nothing like this happens again. The bill has been President Obama’s top domestic priority after the passage […]

A watered down Financial Reform Bill mocks Mainstream America. In a morning showdown Senate and House reached a deal and a watered down measure passed. The Volcker rule banning banks prop trading was softened to 3% allowance and banks/Wall street gets to keep derivatives business. In other words in the final moments Wall Street scored […]

You can see that in market action. More good news poured in, existing home sales were up. Like spring flowers in bloom, there is good news everywhere about the economy . This acts like gangbusters for normal markets, but we don’t have a normal market anymore. Last Thursday’s horrific sell off when Senate passed the […]

Senate passes Financial reform Bill 59-39 national anger  pours at  Wall Street. The Culture of Greed perhaps has come to a halt. This is a comprehensive sweeping reform the biggest since Depression Era of 1930s. Watch the video. [FLOWPLAYER=,570,350] According to Huffington Post ” In its broad sweep, the massive bill would touch Wall Street […]