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Sunday, July 31, 2016

Last Week's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Today, we look at when an intermission in the bull trend could start.

Thursday, July 28, 2016

Thursday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. We examine price and time targets for the thrust rally in NASDAQ.

Wednesday, July 27, 2016

Wednesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Is a Black Hole coming in the stock market?

Tuesday, July 26, 2016

Tuesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. New highs in price and money flow confirms uptrend in equities.

The Remarkable Inconsistency Of Climate Denial

Climate Denial should be categorized as the equivalent to yelling Fire! in a crowded theater. But, free speech is still honored in the USA and we continue to allow those whose only goal seems to be to doom our species to extinction to confuse the issue with mindless blather. Adam Frank writes about deniers in The Remarkable Inconsistency Of Climate Denial.:

Nowhere is the gap between opinions and facts more apparent than the subject of climate change. As a recent action by the American Association for the Advancement of Science (AAAS) demonstrates, for climate deniers there is a chasm between what is said and what is done.

The basic dilemma of climate denial is that, for decades, science has pointed to two very clear conclusions. First is the overwhelming evidence that the planet is warming. Second is the overwhelming evidence that the warming is due to human activity (mostly in the form of greenhouse gas emissions from fossil fuel use).

The truth of these claims is getting bolded and underlined as 2016 is on track to be the hottest recorded year ever for the planet. The last hottest year on record was 2015 (you know you're in trouble if the hottest year ever is always this one now). In addition to the temperature records, every climate observatory in the world is now recording CO2 greenhouse gas levels higher than any time in the last 4 million years.

In the face of these facts, climate denialists claim that the science is somehow mistaken or it's a deliberate hoax. So where exactly is their inconsistency? To understand the break between actions and words, consider a June 28 letter to Congress sent by the AAAS and 30 of the nation's scientific organizations urging action on climate change:

"Observations throughout the world make it clear that climate change is occurring, and rigorous scientific research concludes that the greenhouse gases emitted by human activities are the primary driver. This conclusion is based on multiple independent lines of evidence and the vast body of peer-reviewed science."

So which of the nation's scientific organizations are we talking about here? Some were big and others were small, but let's begin with the AAAS. These are the folks who help maintain the U.S.'s preeminent effort in science and technology. If you are using something scientific or technological, they're the ones pushing for the research efforts supporting it.

Beyond the AAAS, here is a partial list of the other organizations on the letter:

  • American Meteorological Society
  • Crop Science Society of America
  • American Geophysical Union
  • American Institute of Biological Sciences
  • American Public Health Association
  • Society for Industrial and Applied Mathematics
  • Soil Science Society of America

Just these seven names are enough to expose the problem for climate denialists. If climate science is hoax and the Crop Science Society of America signed the letter, then doesn't that make crop science suspect, too? And, of course, you can't have modern, advanced agriculture without understanding soil. That's the domain of the Soil Science Society of America. They've signed on to the AAAS letter, too. But that must mean we shouldn't trust any of their claims about how to grow food. Then there's the American Meteorological Society. If they are urging Congress to take action on climate change, it must mean they and their science is corrupted as well. If that were the case, then we would do well to ignore things like their hurricane warnings.

Of course, ignoring warnings of an impending hurricane — the result of meteorological science — would be stupid. No one in their right mind would do it. But that is the point, isn't it? Those who espouse climate denial say one thing and then act in an entirely different way if someone tells them a hurricane is coming. Why? Because it would be crazy to do otherwise.

Climate denialists, like everyone else, enjoy the fruits of science. But it's only when those fruits run up against pre-conceived political antagonisms that the cognitive dissonance begins.

When climate denialists get sick, they go to the doctor. They use the results of medical science. But to do so, they must ignore this from the AMA:

"The American Medical Association is working to ensure that physicians and others in health care understand the rise in climate-related illnesses and injuries so they can prepare and respond to them."

When climate denialists need to stay cool in the summer, they use the fruits of chemistry as it manifests in new kinds of refrigerants/coolants. But that means they must also ignore those same chemists who have this to say about climate science,

"...comprehensive scientific assessments of our current and potential future climates clearly indicate that climate change is real, largely attributable to emissions from human activities."

Monday, July 25, 2016

Monday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. VIX drove the equity market down, then up, today.

Sunday, July 24, 2016

Last Week's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Stocks have a canary in the coal mine and it's the Semiconductor Index.

Friday, July 22, 2016

Thursday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Sell signals in equities across the board. The seasonal top may be in.

Wednesday, July 20, 2016

Wednesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Crushing volatility sends buyers flocking back into equities once again.

Tuesday, July 19, 2016

Tuesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Short term correction looms for stocks.

Monday, July 18, 2016

Monday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Seasonals tell us to look for equities to form a short term top and pull back this week.

Sunday, July 17, 2016

Last Week's Results In The Wall Street Bucket Shops

#SubscriberNotes #WeekendAnalysis have been updated on the website. Short term bears should win this week, but longer term bulls have an opportunity to buy.

Thursday, July 14, 2016

Thursday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. The Dow at new highs is very extended; put buyers could send stocks tumbling.

Wednesday, July 13, 2016

Wednesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. It's a tired equity market, but the trend should remain up despite a pullback.

Tuesday, July 12, 2016

Tuesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Traders love to sell equities short at new highs. But, they are likely too early to profit.

Monday, July 11, 2016

Monday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. The NASDAQ continues to present a scenario most traders don't accept.

Sunday, July 10, 2016

Last Week's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. With the VIX Index bottoming and equity markets back to pre-Brexit highs, risk is increasing.

Saturday, July 09, 2016

The Bahamas’ new U.S. travel advisory: Use ‘extreme caution’ around police

The Bahamas have issued a travel advisory to those planning to visit the US: “We wish to advise all Bahamians traveling to the US but especially to the affected cities to exercise appropriate caution generally. In particular young males are asked to exercise extreme caution in affected cities in their interactions with the police. Do not be confrontational and cooperate.

The descent of the USA into chaos has been sickening for patriots. Now, we are being treated as a failed First World nation.

The Chinese point out that one difference between the US and China is that in China, you can argue with cops without getting shot (Chinese cops don't carry guns) whereas in the US, you risk your life doing so.

Friday, July 08, 2016

Thursday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. As equity investors relax and turn bullish, an ominous trendline draws near.

Wednesday, July 06, 2016

Wednesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. VIX continues to lift stocks as the Employment Report looms Friday morning.

Tuesday, July 05, 2016

Tuesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Today's late decline in VIX boosted equities toward, but not thru, buy signals.

Global Warming: It's Time To Give Up on Stopping It

Mankind knows it's something we don't want to see, but Global Warming has now become impossible for us to stop, as Damn the Matrix makes clear.

Geo-engineering may not be a great plan, but it's our only hope now. We need to capture CO2 from the atmosphere and bury it deep underground for a start. That will take out most of the catalyst for higher temperatures in the atmosphere, but it won't solve the problem of acidification of the oceans which is killing coral reefs around the world. For that, we need to grind up limestone and dissolve it in the oceans of the world to raise pH to offset acidification. That's the smart way to approach the problem.

Geo-engineering also has the potential to create a lot of jobs, something the economy hasn't been able to accomplish since the supposed end of the last recession.

Monday, July 04, 2016

We're Number Three, But Soon To Be Number Two Behind China

GTM Research reports good news. The US is the number three market in solar, behind Japan, but will become number two in 2016. China is the number one market for solar in the world currently. India is fourth.

Solar module prices are poised to fall to 55¢ per watt by yearend. As we have forecast, solar is on track to achieve a dominant position in supplying energy for mankind by the 2030s, if not sooner than that.

Fossil fuel phaseout will be happening rapidly in the next decade as the cost of keeping CO2-polluting power plants running will drop below the cost of replacing those plants with solar and wind units. This will not be forced by government decree, but rather by economic necessity.

Sunday, July 03, 2016

Last Week's Results In The Wall Street Bucket Shops

#SubscriberNotes #WeekendUpdate have been updated on the website. Trend still up, but a key indicator should be watched for signs of an important trend change.