If you would like an email sent to you when I update the blog please send an email with "subscribe" in the subject line to traderbob58@gmail.com. To be removed use "unsubscribe".

Search This Blog or Web

Trend table status

Trend

SP-500

R2000

COMPX

Primary

Up 7/31/20

Up 1/29/21

Up 5/29/20

Intermediate

Up 10/2/20

?+ 4/23/20

?+ 4/30/21

Sub-Intermediate

Up 3/29/21

? 4/5/21

?- 5/10/21

Short term

Up 4/1/21

Dn 5/10/21

Dn 5/4/21


Don Worden of Worden Brothers (makers of Telechart software) used to keep a trend table before his health issues got in the way. I always found it useful. Mine is slightly different. Hopefully helpful. Up? or Dn? means loss of momentum. ? by itself means trend is neutral. ?+ or ?- means trend is neutral with bias of up(+) or down (-)

Tuesday, July 30, 2013

The ugliest chart of the recovery?

The pundits on TV sure do a lot of talking about how good the economy is.  Once upon a time quarter after quarter growth rates less then 2% would have been viewed as a recession.  Now it is an improving economy.  The economy sucks.  Here is a chart that pretty much sums it up.

Source

The five year growth in personal income is -5%.  This looks more like we are in a depression rather then a recovery.  This just can't be good for the country long term if the income does not get better.  What happens if we have another bad recession?

Speaking of recession this chart is still headed in that direction.

Source

It is pretty hard to argue the economy is improving at this point.  The affects of the tax increases and spending cuts in Washington will continue to be a drag.  Now we have higher interest rates that are threatening to slow down the housing recovery.  The economists keep predicting the economy is going to catch fire at some point in the future.  I guess we will see if that happens.  I can't find any sign of it at the moment.

Bob

No comments:

Important

The information in this blog is provided for educational purposes only and is not to be construed as investment advice.