Market Outlook: We called a retracement last week. We feel that we are correct with the outlook. $King Dollar has shown resistance at 101. It moved up last week. We see a possible return to 106. If we are right, the market will pullback until this level is reached. At that point and time, the market will be deciding on the Fed's next move in the late March meeting. Inside the market, the Bulls and shills have put forth many reasons for the return to a bullish market.
We do not see what they see. We are in a stagflation economy. Prices are at levels where even those who received a wage increase, find that it does not make ends meet. We are worse than paycheck-to-paycheck. We are credit card bill-to-credit card bill. Who buys eggs at $6.00 per dozen? EV cars begin over $32,000. The GDP report reflected the strong demand for military uses. When you spend billions of dollars, you move indexes. This does not help the masses. The unemployment report at 3.4% is one big lie!
With that said, we are very upset, angry and fearful concerning the Spy Balloon. We are in Rant Mode!
Dear Reader, the military cannot be trusted. We are talking the Pentagon. This so-called "weather balloon" by the Chinese is a slow, moving 19th century device. It should have been tracked the moment it left the air-space of Asia. When the upper air currents took it over the Pacific Ocean and over the Aleutian Islands (an archipelago off Alaska) action should have been taken. It wasn't. This is how stupid and egotistical our military leaders are. We feel that this should be known. During WWll, the creative and crazy minds of the Japanese came up with this idea. They would float air balloons filled with gasoline. They would be carried by the jet stream to the West Coast where they would crash and cause many wildfires. Some of these balloons completed the journey. The Chinese are only copying the idea like they copy and steal many of our ideas by hacking. Public concern has alarmed President Biden. He says, "We'll take care of it." He is a phony politician who does not have the balls to go against the pentagon like JFK did in the Cuban Crisis. With modern technology, the damage is already done by this balloon. It gets worse. When they shoot it down, (they did) they will not reveal any truths in what they discover. Again, our military cannot be trusted. And then again, worse still. With public pressure, it is revealed that the military now says that they know of three other episodes of Chinese spy balloons passing out our nation. With all their money, satellites and other tools, how incompetent is our military. They all should be fired except they will be replaced by the same thinking that is taught by the present leaders. These are the people that we have watching and protecting out homeland. We are in serious trouble with a caoutal "T."
Cameras...
...that you see everywhere are almost all made in China. They are on in all our military bases. Could the teck in the balloon be passing updates to these cameras? Maybe uploading data on base movements and other info. That is only one fear. There are many others, but space is limited. When you consider the last days of Rome, our nation is following history. Rome debased their currency and we did too. Our Federal Reserve has too much power and influence. They not only hurt US citizens, but they anger the global community with their policy and actions. Recently, China flew a hyper-sonic jet around the world. Russia has one too and we don't! Our space satellites are interconnected. The danger is if you knock one out, the rest get knocked out. We are still building air-craft carriers in an age where smart bombs and torpedoes can find and sink any ship. Imagine the loss of 5,000 men, planes and equipment in one minute?! We are being led by egotistical, arrogant idiots! Pray for peace because things are looking very bleak. I could go on about civil unrest, but forunately, the calendar says the Super Bowl is coming. It connects all of us. Let us keep that thread of unity for the coming year. Peace.
