The Dow Jones Industrials broke through 10,000 today but closed just above the important 10,000 barrier.  The market is based not only on prices, products, volume, earnings and other things but sentiment and psychology.  Market technical conditions like the economy are poor and they are not improving.  We have posted a new file for members under the password protected area.  There are new EWS updates and also Model Updates.

We leave you with a somewhat famous or infamous quote:

“We are spending more money then we have ever spent before, and it does not work.  After eight years we have just as much unemployment as when we started, and have an enormous debt to boot.”

FDR’s Treasury Henry Morgenthau, 1939

Note this is six years after FDR confiscated all privately owned gold with Executive Order 6102. This was done in 1933 “in order to stabilize the monetary system.”