dapper:
Merely stating my belief that the time it takes for certain things to happen is clearly about the same as it always has been. There is often, but not always, symetry in waves of emotion.
Most recently, wheat had a 14 day basing pattern back in June, bottoming within hours of our expectation. It then had a 28 day volcanic eruption. Exactly twice the basing period. I missed it at the time unfortunately. Great symetry. Also, many will remember that 27.8 days is the .618 of the 45 trading day rhythm the markets sometimes respect. The rally toped the night of the 27th day, kind of like 27.8. OF course, some will recognize how close this is to a lunar cycle as well, OR is the lunar cycle just that close to the harmonics of the universe. Ahhh...I digress.
Human herds just can't maintain emotional energy for long, usually 21 days, sometimes 28, rarely 45, seldom more than that. Nor do natural systems, weather has real trouble not changing. Just too fluid and self-compensating.
So, the intelligent design of the universe and human psyche is the root of markets and thus they are far more predictable than some would like to admit. Not always obviously. Putting that in print of course will upset someone. It shouldn't because it is there for all to see. Just one of the beauty's of God's vast creation. You can't have a universe like this one without some amazing math behind it.
It is also important to note that no fiat paper currency has survived for long in all of history. Ours clearly will not either, just a matter of time..... When we decoupled from silver on 6/24/68, we allowed very rapid growth through reserve debt financing but also assured the currency's destruction. Of course, this is just my opinion, and worth what you paid for it. It is a simple fact, the currency will not survive, yet very, very few are taking steps to prepare for it. An amazingly human response and easy to predict.
Back to the start, we are handling these issues as a society just as all of the societies before us handled them and thus the result will be the same. Only talking about the currency and federal spending. No parties, no ideology, no religions, just a simple look at the past and the present. Again, just my opinion and I am wrong often.
