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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 21 JANUARY: | ASX gains 0.8pc | Greenhouse study shows AVZ Minerals could achieve lowest carbon footprint at Manono lithium-tin project |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 21 JANUARY: | ASX to rise | Eco-fibre play Nanollose leads ASX healthcare sector with 292% gain |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 20 JANUARY: | ASX hits 11 month high | China shares rise on c.bank’s liquidity boost; EV, healthcare stocks shine |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 20 JANUARY: | ASX to rise | 3 cannabis players discuss how to view the sector through a biotech lens |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 19 JANUARY: | ASX rises 1pc | US eyes Australian market as cannabis investment fund takes stake in Lifespot Health |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 19 JANUARY: | ASX to rise, $A eases amid greenback surge | Battery sector cries out for more graphite as shortfall looms |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 18 JANUARY: | ASX sheds 0.8pc | Tietto Minerals appoints COO to drive development of Abujar gold project | China, Hong Kong stocks climb on upbeat GDP data |

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    The Cotton Row Journal, week of 18-22 Jan

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 22 JANUARY: | ASX up 1.3pc in huge week for Zip, Lynas | iCandy looks to double up in Chinese gaming market with Rocky Rampage launch |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 22 JANUARY: | ASX to fall, Apple lifts Wall Street | The tests ASX healthcare companies have upcoming in 2021 |

    The Cotton Row Journal, week of 18-22 Jan

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 21 JANUARY: | ASX gains 0.8pc | Greenhouse study shows AVZ Minerals could achieve lowest carbon footprint at Manono lithium-tin project |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

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    The Cotton Row Journal, week of 18-22 Jan

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    Chart of the Day: Coming Up (Smaller Companies Rally)

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    OP: Missing the Mark

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What’s bad for the country, the world, and the market?

Danny Riley by Danny Riley
Sunday, September 1, 2013
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What’s bad for the country, the world, and the market?
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Traders love volatility and that’s what the S&P 500 has been supplying over the last few months. Despite the low volume summer trade the S&P futures have been moving. Last week the Dow closed down 4.45% for the month, the S&P down 3.13% and the NASDAQ off 1.01%. With the S&P and the DOW posting their worst monthly declines since May 2012 it doesn’t seem like it’s over yet.

While your trading desk has been part of every major stock market event since 1985, we have never seen a rally the likes of the current one. Despite that rally, we also have never seen the US surrounded by so much turmoil, not even during the Iraq War. It does not seem the US can find a happy medium both at home and overseas. Now when Congress reconvenes Sept. 9, the big topic will no longer be the economy, but Pres. Obama’s request for authorization to use force in Syria.

With our biggest partners the British jumping ship last week it may be time for our own review. At home, a new Reuters/Ipsos poll finds just 9 percent of Americans supporting intervention in Syria. In other words, it’s less popular than Congress and cockroaches. I try and stay out of politics but there is just too much of it going on to overlook it.

Global Big Dog

USA - President Barack Obama Delivers Statement On SyriaThe economic downturn in the U.S. has had unending financial consequences. The American people have suffered and continue to suffer at a record pace. Like President Obama or dislike him, those consequences are his to deal with at this point. He faces every two-term president’s transition from post-election honeymoon (if he even had one) to the event that labels him a lame duck president.

Not only are the American people suffering, but so is our global stance. At home, the economy has turned turned around but job growth is not there. Cheap money may have kept rates down and helped the housing market, but it has done nothing for the poor. According to the most recent data, the number of Americans on food stamps has risen from 26 million people in 2005 to 47 million people today, at a total cost of $80 billion a year.

That number would be higher, except that 25% of Americans who are eligible for SNAP, the Supplemental Nutrition Assistance Program, never sign up. According to the U.S. Department of Agriculture, in 2010 51 million Americans qualified for SNAP but only 38 million received it.

How can we fight another war when we can’t find jobs or feed our own people?  I use that word, “war,” knowing that right now the stated mission is only a cruise missile attack without “boots on the ground.” But in the asymmetric warfare we now live with, borders don’t matter and size doesn’t matter. Syria and its allies, whether nations or organizations, will use terrorism as easily as conventional tactics. And instead of boots on the ground there, it could be loafers, pumps, and little sneakers here or at one of our embassies or in a cafe in Tel Aviv.

I know this is a complicated time but it really seems like the United States is stumbling on itself. We are not the global big dog like we used to be and with so much work to do at home, maybe its time to attend to our own problems.

[youtube id=”TCm9788Tb5g” mode=”thumbnail” align=”right” autoplay=”no”] I have always taken the point of view that your own home needs to be fixed before you start to work on someone else’s home. With so many possible difficulties facing the US in the coming months we (the American people) need to readjust our sights. I have never worried about myself. I worry about the elderly, the sick , the downtrodden. A lot of us capitalists do. Most of all, I worry about my family.

[youtube id=”TCm9788Tb5g” mode=”thumbnail” align=”right” autoplay=”no”] Sending cruise missiles into Syria with no plan is NOT in the best interests of the American people or the world. Please, Mr President, start working on things that matter and stay off the golf course…It brings back memories of another president and another round of golf ten years ago.

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