I have put in a request to Market Surveillance at the NYSE AMEX to stop trading in Telkonet (TKO) until the company puts out a press release on the results of the vote on Proposal #3 at yesterday’s annual meeting. There is no excuse for not getting this information out immediately, especially with the stock trading down 20% (only three cents) today.
Dear New World Investor:
Yesterday, the S&P 500 made a valiant effort to push through the important 913 energy level, on its way to an attempt to break through 930 and head up to my 1060 major target for this rally. But after the 36.9% rally from the March 9 intraday bottom so far, one of the strongest rallies on record, it just did not have enough energy left to make it through. I watch these interim swings closely, not because they are worth trading but
Read the rest of this entry
This really is almost unbelievable.
Rep. Alan Grayson (D-FL) asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the $9 trillion of off-balance sheet obligations that Bloomberg recently reported have been quietly made. She has no clue, and doesn’t even seem to know about the off-balance sheet stuff – and she is the top cop at the Fed! I’m leaving this post unprotected so you can send the link above to anyone. Every American voter should see this.
Dear New World Investor:
I’m back from the Money Show in Las Vegas, where I had the pleasure of meeting many of you, old faces and new, and giving two talks. One was on the big MegaShift drivers of the New World Economy, and the other was titled Survive the Great Inflation. That one was standing-room only and
Read the rest of this entry
Dear New World Investor:
Yesterday, this high-powered rally cleared my first major target at 910. The shorter-term S&P 500 charts show that energy is almost exhausted for any immediate further move. There could be a quick touch up to 943 on some major good news, but that would almost certainly block any further advance and send the Index back down to at least current levels. I expect the S&P to build up more energy either via another “running consolidation” like the one we saw in mid-April, or by a scary test back into the 850-880 range to bring the put buyers out in force with their “Dow 6000 Just Ahead!” messages. Either way, there is nothing to suggest the next big move will be down. It won’t take much of a consolidation to get to 1060. It will take more work to get to 1160. But if both of these levels are broken after only short consolidations, my 1250 target for this whole move definitely will be on the table.
