Monday, September 28, 2015

Markets on the edge of a cliff

... but here is a free dresser I found on the street here (8th Ave/80th St NW) in Seattle, stripped and restored for use by my daughter.



We must recognize what is real and valuable and lasting in our world and save it while we still can.

It could be an old unwanted dresser.  It could be some old analog books and the ideas they contain.

It could be your family, or your nation.

The 20th Century is coming to an end.  What will follow?  What will survive?

11 comments:

Christian Gustafson said...

So my favorite bookshop in Seattle closed its brick-n-mortar store and is only online, with a very focused subject matter.

They are moving to the Denver, and will be sorely missed.

Christian Gustafson said...

If we lose 1900 SPX here, we may not see it again until the dollar finally implodes under HI.

Bicycle said...

We're right on support with the DJIA triangle. Should be resistance here, but there are also warning signals blaring all over the place.

Sorry about your bookstore--it does seem that more and more are migrating to online-only presence.

George said...

Is VW Taleb's black swan? It sort of shakes the foundations of many things if you think about it. One is German Engineering, another is the idea that we can actually maximize MPH & MPG while minimizing emissions (why else would they design a defeat device?), and another is the massive cost that just got sucked out of this company for no benefit (fines plus the loss of money for their spending on more gainful things) in Germany which is seen as the "best" of the Eurozone economies.

George said...

Have you visited McDonalds book exchange in Redmond? http://www.redmondbookstore.com/ They recently (last 2 years?) moved from an old house (now a massive condo building) to a new location; which implies they are doing well enough to not just fold up. I've not been in, just driven by it daily.

Christian Gustafson said...

Now this looks like Actionable Information! Thanks for the tip, George!

Bicycle said...

man what a carnage today.

Doug said...

I think you're question of "what will survive" is a good one.

If the financial system fails due to blow-ups in debt and derivatives, the question becomes "who can survive." I know it sounds crazy, but I'm thinking seriously about a Plan B. I guess I am a prepper want-to-be!!

My best idea if the world falls apart, the financial system fails, and nothing works, and no one has money, is to go live with the Amish!! (if it's even possible). They have their farms, their self-sufficiency and their community. They will have to build a wall though to keep out the marauders.

Just a thought or two.

Bicycle said...

I love it when a plan comes together...

-John "Hannibal" Smith

CC said...

CG - Do you agree with Daneric's count? Looks like wave 1 down is finished and we are currently in wave 2 up. If so, what are some potential targets to short at? Should we be looking for an ABC up? Catching wave 3 down would be amazing....

Christian Gustafson said...

I don't even know if these are five wave moves in the larger scheme of things.

Maybe they are ABCs. I agree with McHugh that the move back up to 2020 SPX is much more likely a "2" instead of a "4", which is of course so much more ominous.