Take the Odds on Romney

Stocks looked somewhat subdued at week’s end, but this was to be expected, given the downbeat economic news.  Turns out the U.S. economy generated a paltry 96,000 new jobs in August while unemployment fell to 8.1% for the worst possible reason.  In fact, the number fell because so many who are jobless have given up looking for work. The fact that the Dow Industrials managed to hold onto Thursday’s 250-point gain despite this suggests that bull traders will be out in force Monday morning, attempting to leverage the brazen falsehoods that were trumpeted from the podium in Charlotte.

Obama has been able to tell sensational lies about the performance of the U.S. economy simply because a left-tilting press is doing its loyal and desperate best to get him re-elected.  Americans are not fooled, though, and that is why we expect the incumbent to get trounced in November, notwithstanding Gallup polls and other damned statistical lies to the contrary. We’ve tuned all of it(…)
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Rick’s Picks is a trading newsletter for stock, gold, silver and mini-indexes. All trades are based on the proprietary Hidden Pivot technical analysis method.

© Rick Ackerman and www.rickackerman.com, 2012. |
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