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An End of The War in Iraq WIll Be Bullish!
As I begin this "blog", I do want to say that I think Bush's invasion of Iraq
was and is a colossal blunder and tragedy for America. I thought this long
before he initiated the invasion. You see I had read the Pentagon Papers
from back in 1970 and I had met George Bush several times, He was
when I met him years ago, by far the most arrogant man I had ever met.
This is not a political blog. I note this because Peace will be very bullish
for the stock market.. You see I am writing a new Peerless manual that will
relate changes in the DJI prices from 1915 to 2007 to both our technical analysis
and political and economic events. The primary intent is to demonstrate how
our Peerless technical tools anticipate both prices and events. But look at
how the stock market behaved after the ending of the four big wars of the 20th
Century. The evidence is pretty conclusive: peace will be very bullish
for the stock market.
The Allies and Germany signed an armistice on November 11, 1918. The
DJI was then.86.60. At the end of October 1919, it rose to a high of 120.
VE day occurred on May 8, 1945 with the DJI at 166.40. VJ took place
on August 15, 1945 with the DJI at 164.40.. At the end of May 1946,
it reached 212.
The Korean War Armistice was signed on July 27, 1953. The DJI was then
at 268.50. The next year, 1954, was up all year and ended with the DJI above
400.
In September 1974 Congress reduced funding for the US war in Viet Nam.
On April 23, 1975 President Ford publicly declared "finished" the US involvement
with the war in Viet Nam, At the end of 1974 the DJI stood at 602. On
April 23rd, 1975, it had risen to 802. By May 11, 1976, a year later, it had
reached 1006.
A Joke for Those Who Like Math and Waitresses
The stock market and our various trading systems are doing just fine now
So, I will turn to something more personal. Here is a good joke.
I like jokes that poke fun at arrogance and eliteism in all their forms...
"Two mathematicians were having dinner in a restaurant, arguing about the average
mathematical knowledge of the American public. One mathematician claimed that this
average was woefully inadequate, the other maintained that it was surprisingly high.
"I'll tell you what," said the
cynic, "ask that waitress a simple math question. If she gets
it right, I'll pick up dinner. If not, you do." He then excused himself to visit the
men's
room, and the other called the waitress over.
"When my friend comes
back," he told her, "I'm going to ask you a question, and
I want you to respond `one third x cubed.' There's twenty bucks in it for you." She
agreed.
The cynic returned from the
bathroom and called the waitress over. "The food was wonderful,
thank you," the mathematician started. "Incidentally, do you know what the
integral of x squared is?"
The waitress looked pensive;
almost pained. She looked around the room, at her feet, made
gurgling noises, and finally said, "Um, one third x cubed?"
So the cynic paid the check.
The waitress wheeled around, walked a few paces away, looked back
at the two men, and muttered under her breath, "...plus a constant."
Nixon resigned on August 8th, 1974 and DJI Fell 30% by December.
But two years later it had risen by 67% and was back almost to 1000.
Is Bush More of A Threat To The "Rule of Law" Than Nixon?
If Carl Bernstein is Correct that the Bush's Administration Has Hurt America Much More
Than Nixon's, then the US stock market should go up, not down, soon after his removal. .
January 24, 2007 4:00 PM ET - NEW YORK In an online chat at washingtonpost.com
on Wednesday afternoon, Carl Bernstein, the famed Watergate reporter at that paper and
now writing articles for Vanity Fair, took several hard shots at the current Bush administration
-- almost every time he was asked about the Nixon era. It came just as news of the death of
former Watergate ringleader E. Howard Hunt was circulating widely...
After a long explanation of how the American system "worked," eventually, with Watergate,
Bernstein said: "In the case George W. Bush, the American system has obviously failed --
tragically -- about which we can talk more in a minute. But imagine the difference in our
worldview today, had the institutions -- particularly of government -- done their job to ensure
that a mendacious and dangerous president (as has since been proven many times over, beyond
mere assertion) be restrained in a war that has killed thousands of American soldiers, brought
turmoil to the lives of millions, and constrained the goodwill towards the United States in much
of the world."
Later, asked if the Nixon administration was unique in hiring disreputable characters, he replied:
"Until the Bush-43 administration, I had believed that the Nixon presidency was sui generis (unique) in
modern American history in terms of your question...
"In terms of small-bore (but dangerous) characters like Howard Hunt and Gordon Liddy
with their schemes, I doubt that any presidency approaches the criminality of the Nixon White House.
But the Watergate conspiracy--to undermine the constitution and use illegal methods to hurt
Nixon's political opponents and even undermine the electoral system--was supervised by those
at the very top.
"In the current administration we have seen from the President down -- especially Vice President
Cheney, Attorney General Gonzales, Condoleeza Rice, Donald Rumsfeld -- a willingness to ignore
the great constitutional history of the United States -- to suspend, really, many of the constitutional
guarantees that have made us a nation apart, with real freedoms unknown elsewhere, unrestricted
by short-term political objectives of our leaders.
"Then there are the Geneva conventions: Who would have dreamed that, in our lifetime, our leaders
would permit their flagrant abuse, would authorize torture, 'renditions' to foreign-torture chambers,
suspension of habeus corpus, illegal surveillance of our own citizens....
"But perhaps worst, has been the lying and mendacity of the president and his men and women--
in the reasons they cited for going to war, their conduct of the war, their attempts to smear their
political opponents.
"Nixon and his men lied and abused the constitution to horrible effect, but they were stopped.
"The Bush Administration -- especially its top officials named above and others familiar to most
Americans -- was not stopped, and has done far greater damage. As a (Republican) bumper-sticker
of the day proclaimed, 'Nobody died at Watergate.' If only we could say that about the era of
George W. Bush, and that our elected representatives in Congress and our judiciary had been
courageous enough to do their duty and hold the President and his aides accountable."
Bernstein was also asked about the CIA leak case and the leaking of Valerie Plame's name,
which he called "a truly Nixonian event, a happenstance not atypical of the take-no-prisoners politics
of the Bush presidency. But it pales in comparison to the larger questions of the Constitution,
of life and death, of the Geneva conventions, of the expectation that our leaders -- from Condoleeza
Rice to Dick Cheney, to the attorney(s) general to Paul Wolfowitz and on down and up the line
speak truthfully to the American people and the Congress. They have consistently failed to do so."
| Perhaps,
The Best Bush Joke Bush and Cheney were sitting in a
bar. |