4 replies to this topic

[dcengr]

January 14, 2007

The Rasmussen Investor Index gained ground for the seventh straight day, adding one more point to 147.5. With the exception of just one day, that’s the highest reading since January 2004. The Investor Index has soared sixteen points since last Sunday and is within four points of reaching the highest level ever recorded (the Index was established in October 2001).

The Rasmussen Investor Index reached its highest level ever at 150.9 on January 7, 2004. The lowest level ever measured was 91.1 on March 13, 2003.

[greenie]

I guess it does support Fib's case then. If wave 3 is the time, when everyone recognizes the uptrend, seems like Rasmussen data confirms it. Except for few bears like you and xD, everyone is now with the trend, or the right side.

[dcengr]

I guess it does support Fib's case then. If wave 3 is the time, when everyone recognizes the uptrend, seems like Rasmussen data confirms it. Except for few bears like you and xD, everyone is now with the trend, or the right side.

I see dead bears.. they're everywhere!

But seriously, theres plenty o'bears. Trust me on that.

I was reading up on some history tonight about 1966, the vietnam war, and market price action.

Turns out that on jan 18 of 1966 (market top), US sent 8,000 more troops to vietnam (there were plenty there, but this apparently was newsworthy).

So I'm wondering if there's a parallel between whats going on in iraq with additional troops and this. At this point, I don't see it..

But I do remember all those antiwar protests not too long ago, and that may heat up again, who knows. This period of time in our social history may get volatile, even if the market doesn't.

Edited by dcengr, 14 January 2007 - 10:37 PM.

[dcengr]

Ah here's the news item that preceded the troop deployment..

January 12 - Lyndon Johnson states that the United States should stay in South Vietnam until Communist aggression there is ended.

Then there's today...

WASHINGTON (CNN) -- Congress cannot reverse last week's decision to send 21,000 more troops to Iraq, President Bush said in an interview intended to rally popular support for his plan.

[dcengr]

Yup some dissent going on ala 1960ties.

Service members join war protest
By John M.R. Bull
247-4768
January 15, 2007, 2:29 PM EST
NORFOLK -- Several dozen service members joined peace activists today to call for an end to the war in Iraq, part of a nationwide effort that links a growing group of active-duty protesters to the peace movement.

An "appeal for redress'' petition, signed by more than 1,000 active duty soldiers and sailors nationwide -- many of whom served in Iraq -- is to be delivered to Congress on Tuesday.

On a day devoted to honoring Dr. Martin Luther King Jr., Norfolk-based Seaman Jonathan Hutto quoted the civil rights leader at a gathering of war protestors at the Unitarian Church of Norfolk.

"Dissent is not disloyalty,'' Hutto said, noting that King objected to the Vietnam War and insisted that protestors "were not fools or traitors.''

Roughly 100 people attended the gathering to hear speeches and to rally support for veterans who are speaking out against the war.

"There is honest disagreement ... but all voices deserve to be heard,'' said Rev. Paul Boothby, the church's pastor. "It is good that we gather together to speak out and be heard.''

A growing number of active-duty military personnel are coming out against the war, despite a culture in the Armed Forces that frowns on public objections to presidential policy.

A recent poll of military personnel show their support of the war has dropped to 54 percent.

Active-duty military personnel are allowed to publicly object to the war, as long as they do not wear their uniforms when expressing their opinions.

"We served in combat and we've seen the futility of this war,'' said Sgt. Jabbar Magruder of Los Angeles, a member of the National Guard who served 11 months in Tikrit, a town northwest of Baghdad. "The soldiers want to resist. The soldiers want to come home now. We need the citizens to back us.''