 | “Localities have chopped 535,000 positions since September 2008…” USA Today (10/18) Cuts in government services became conspicuous after the 2007-2009 financial crisis. The first edition of Robert Prechter’s Conquer the Crash saw this coming, even though the book published nearly a decade ago: “Don’t expect government services to remain at their current levels…The tax receipts READ MORE |
Month: December 2012
Declining Volume Spells Trouble
 | Declining Volume Signals Market Trouble The three-and-a-half-year rally has occurred on declining volume What a comeback for the Dow Industrials! From a March 9, 2009, close of 6,547, the senior index climbed to 13,610 on Oct. 5, 2012. Moreover, the Dow achieved this feat in the face of a weak-kneed economy, and it has grinded READ MORE |