Hi Dan; <OT> I take it you mean Machiavelli, who wrote the Prince,
I read it years ago and was impressed but less so now as I look back.
I have to tell myself he was writing within a frame of reference
that encompassed a small part of the world compared to what many
of the more contemporary and equally impressive writers have to
say.
I'm likely out of style myself but still keep an Auto Biography
of Will Rogers handy, You likely heard of him for his, " I never
meet a "Man" I didn't like" , but if you pay attention to his
dialog you will find he always without fail referred to
Politicians as "Boys" <G>
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Roger on the interest rates being a key factor in the market,
I try to watch derivatives too but they are confusing, yet
I know much of the market is played to enhance the value of
them at critical times. Longer term oil futures play a larger
roll than I believe most people are aware of, the coupling is
not so direct but the price of oil winds up emigrating into
the cost of living more than any other commodity I can think of.
Short term I try to watch other signals and catch the shirt
tail of a move via the TICK, and a dissected running A/D line.
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Cheap oil may help bring on a recovery in Asia, if the oil cartel
don't use to much price fixing to defeat the process.
While I have posted some melt down procedures they were mostly
intended to de-bunk some silly notions that people could pick
a comfortable or so called healthy bottom, as if we were to drop
to the levels many of the bears suggested to many things would
go wrong including a break down in derivatives and the market
momentum would pass beyond their shallow minded criteria.
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I'm still overall bullish on the market, and if interest rates and
oil stays tame we will likely go up a lot more.
I have never worked for a company that did a 401K so I don't
know much about them except they seem to be popular, and I have several friends into them were the company does a matching contribution. That must take a lot of fear out of them putting
money in the market as they picture even with a 40% down side,
they will pick up 10% over what they put in.
Jim |
