Thursday! Stocks swoon! Droid X! Deflation! Health care!
- The rally is meaningless! From the Elliott Wave Financial Forecast, ""The selling pressure will abate at times, but by the end of 2010, stock prices should be much lower."."
- I disagree, FWIW. And I think Elliott Wave forecasts are about as useless as poultry droppings. Isn't ol' what's-his-name still calling for DOW 1000? The guy's been wrong for 20 years. The only way he'll be right is if the DOW has a 10-1 stock split.
- (Ah ha! That's the ticket!)
- Meanwhile, today's stock market selling is brought to you by The Fear of Deflation.
- Free! First lady Michelle Obama announced yesterday that preventive health care services "will be free" under the Affordable Care Act. The law will "require all new private health insurance plans to cover services that can detect the first symptoms of long-term problems." Anyone else see a problem with this?
- By the way, Milton, this whole thing about "free lunches?" Yeah, you were right. No such thing. It'd be nice, though. Read on.
- ObamaCare in a Nutshell.
- Recession Redux: The yield curve and the ECRI weekly-leading indicator (WLI). Good read!
- 11 Things Apple Should Announce on Friday. Hey, side thought: Isn't the Droid X out today?