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Retired software engineer, grandfather, lover of beer and whiskey, not necessarily in that order.

joined 27 Feb 2014   United States   46 links   190 posts   292 comments   ban (0)   befriend (1)   following 0   1 followers   follow darlag

darlag's Posts

share 25% of Atlantic City casinos gone -gambling becoming a thing of the past in NJ
by darlag   ↑ like (1)   ↓ dislike   69 comments, latest 11 months ago
No buyers could qualify for the bankruptcy sale of Atlantic City’s newest luxury casino, the Revel. It will shutter its doors in September joining other once famous names like Trump...
share CalPERS dumping hedge funds too complex to keep up with says new CIO
by darlag   ↑ like   ↓ dislike   1 comment, latest 1 year ago
There are more than 10,000 hedge funds and growing in the U.S., many of them part of the municipal pension fund strategies all over the U.S., including CalPERS, California Public...
share S&P 500 Index -- Elliott Wave update for week ending 3/13/2015
by darlag   ↑ like   ↓ dislike   Posted 2 years ago
Stocks were down across the board for the second week in a row adding to the probability that a major market trend change has taken place. This week’s chart reflects...
share Dow Jones Industrial Average -- Elliott Wave update for week ending 3/13/2015
by darlag   ↑ like   ↓ dislike   Posted 2 years ago
The Dow Jones Industrial Average is tracking very much in-step with the S&P 500 Index but I am using it this week to present a second alternate scenario for the...
share U.S. Dollar Index -- Elliott Wave update for week ending 3/13/2015
by darlag   ↑ like   ↓ dislike   Posted 2 years ago
The U.S. Dollar has extended its fifth wave of Minute degree and carried to nearly par with the Euro. But its juggernaut run will be coming to an end as...
share U.S. Dollar nearing point of correction - EW update for week ending 1/16/2015
by darlag   ↑ like   ↓ dislike   28 comments, latest 2 years ago
The U.S. Dollar Index is stretched and approaching the point where it will take a rest for a while. Dollar bulls are at an extreme which is a pretty good...
share Take out a car loan to invest in the stock market? Crazy advice from CNBC
by darlag in #investing   ↑ like   ↓ dislike   Posted 2 years ago
Perhaps the most stupid and irresponsible advice I have heard lately, CNBC commentators talk with a stock market analyst who suggests putting your cash into the stock market instead of...
share S&P 500 Index -- Elliott Wave update for week ending 2/27/2015
by darlag   ↑ like   ↓ dislike (1)   23 comments, latest 2 years ago
The S&P 500 Index climbed slightly higher, fulfilling last week’s primary projection to complete Minute degree wave [v]. Both the Dow and the S&P 500 closed lower on the week,...
share Greenspan blames U.S. Government for economic problems, says Fed doing its job
by darlag   ↑ like   ↓ dislike (1)   6 comments, latest 2 years ago
Former Federal Reserve Chairman, Alan Greenspan, told CNBC that the U.S. economy is the weakest it has been since just after the Great Depression. But it’s not the Fed’s fault,...
share Great Britain on the verge of succumbing to the grip of (good?) deflation
by darlag   ↑ like   ↓ dislike   Posted 2 years ago
First, there is no such thing as good deflation. But one of the hallmarks of denial, as a deflationary depression approaches, is the tendency of economists, market analysts, pundits and...
share Kaspersky Lab reveals more NSA spying programs bigger than Stuxnet?
by darlag   ↑ like (1)   ↓ dislike   12 comments, latest 2 years ago
Yesterday, Russian cyber-security firm, Kaspersky, revealed and published the technical details of the ability of the National Security Agency (NSA) to eavesdrop on practically any computer in the entire world....
share U.S. Treasury yields on the rise - 10 YR UST above 2.15% intraday
by darlag in #housing   ↑ like   ↓ dislike   1 comment, latest 2 years ago
The 10 Year U.S. Treasury yield decided to take one more crack at a new low earlier this month when it declined to 1.651%. But over the last 10 days,...
share S&P 500 Index -- Elliott Wave update for week ending 2/13/2015
by darlag   ↑ like   ↓ dislike   Posted 2 years ago
Since the beginning of the year the short term wave counts have been muddled at best. It’s time to step back and look at the bigger picture again. It appears...
share Youth employment a victim of deflationary pressures in Columbus, Ohio
by darlag   ↑ like (1)   ↓ dislike   1 comment, latest 2 years ago
Few people yet attribute the chronic economic problems in the U.S. to a deflating economy, but for those that know what to look for, the evidence just keeps piling up....
share BLS employment statistics are a "Big Lie" according to Gallup CEO
by darlag   ↑ like (1)   ↓ dislike   10 comments, latest 2 years ago
Jim Clifton, Chairman and CEO of Gallup, offers a different perspective on the jobs data. His February 3 article on Gallup’s website was headlined, “The Big Lie: 5.6% Unemployment.”...
share The Global Minotaur -- a metaphor for global economic problems by Greek FinMin
by darlag   ↑ like (1)   ↓ dislike   Posted 2 years ago
Yanis Varoufakis, the new Finance Minister of Greece, has a very interesting view of how the current global economic problems developed and why they continue to get worse instead of...
share Dow Jones Industrial Average -- Elliott Wave update for week ending 2/6/2015
by darlag   ↑ like   ↓ dislike   Posted 2 years ago
Little clarity was added to the overall picture from last week’s chart of the Dow Jones Industrial Average. The beginning of the coming week should start to make some sense...
share S&P 500 Index -- Elliott Wave update for week ending 2/6/2015
by darlag   ↑ like   ↓ dislike   Posted 2 years ago
The S&P 500 Index is still tracking the Dow almost move for move. Like the Dow, it continues to trace out an upward flat and may have turned downward Friday...
share Strong dollar hurts U.S. exports, trade deficit largest since 2012
by darlag   ↑ like   ↓ dislike   1 comment, latest 2 years ago
The Commerce Department said today that the U.S. trade deficit jumped by 17.1 percent in the fourth quarter of 2014. At $46.6 billion dollars, the increase was the largest since...
share New Greek government already making good on its anti-austerity promises
by darlag   ↑ like (2)   ↓ dislike (1)   159 comments, latest 2 years ago
As promised, the new Prime Minister, Alexis Tsipras and his SYRIZA government are rolling back fees, raising the minimum wage, re-hiring some of the public workers who were laid-off by...

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