Recent strong earthquakes in Haiti, Chile and Turkey reminded us famed trader Jesse Lauriston Livermore shorted 5000 shares of Union Pacific on Tuesday 17 April 1906 in his hey day.
That was the day before the famous 5:12 AM San Francisco 8 magnitude 42 second Earthquake.
3000 people lost their lives. 300,000 people were homeless, camping out [...]

by Rich read the rest at http://www.jubileeprosperity.com/market-psychology/jesse-livermore-lessons-ventura-ventures/

One of the best trackers in the world is Tom Brown Jr.
He wrote book with his passion and talent and runs a Tracker school.

http://www.trackerschool.com/

Good trackers learn to pay attention to context, landscape, tracks and spoor.

Spoor may include tracks, scat, feathers, kills, scratching posts, trails, drag marks, sounds, scents, marking [...]

by Rich read the rest at http://www.jubileeprosperity.com/market-psychology/signs-times-tracking-big-footprints-market/

Now that deflating markets have our attention, what may be next?
Right on the heels of contrary opinion sangfroid fading the headline extremes, we note some economic situations and market trends that may be unlikely to go away anytime soon.
First is US bank lending falling at the fastest rate in history.
The money multiplier is at a [...]

by Rich read the rest at http://www.jubileeprosperity.com/market-psychology/trading-primary-trends-good-friends/

We had a friend at Merrill who kept long-term market charts.
They were pretty effective at showing market highs and lows, an X Ray of market trends of supply and demand.
Supply (net selling) drives prices lower while Demand (net buying) drives prices higher. So simple it is easy to forget as we get caught up. Recently [...]

by Rich read the rest at http://www.jubileeprosperity.com/market-psychology/vix-vxn-cs-ominous-silence-lambs/

This steroid stock market recently broke a major uptrend line in force since the March 2009 bottom.

Big news today: News perhaps only to be reported by government monopoly media in passing. As this is written, earnest Senate Debate on confirming a widely expected Ben Bernanke Federal Reserve Board of Governors Chair reappointment [...]

by Rich read the rest at http://www.jubileeprosperity.com/market-psychology/day-life-market-significant-implications-2/

Today was the time that tried men’s souls in DC.

http://oversight.house.gov/index.php?option=com_content&task=view&id=4756&Itemid=2

Members of the House Government Oversight and Reform Committee Members knew full well since the Mass Brown Kennedy Senate Seat shot heard round the world, their electoral survival hinges on doing their job supervising the Fed and Treasury on behalf of the little [...]

by Rich read the rest at http://www.jubileeprosperity.com/market-psychology/fed-treasury-duopoly-hot-seat-house-gs-grill-doctrine-ft-firemen-mouse-roared/

We have a lot of respect for Warren Buffett, perhaps the most successful investor of all time, exemplified by his Berkshire Hathaway Holding Company. And today the bullish rumour is BRK may be added to the S&P500 as a bellwether for the economy.

We learned a precious lot from his wide reading, preoccupation with value, [...]

by Rich read the rest at http://www.jubileeprosperity.com/market-psychology/selling-brka-151650-brkb-10110/

Mr Market seems curiously quiet along the Eastern Front, while big private money unloads in the dark in the park with market volatility at 16 month lows.

A deep public desire to get back into gold and eschew the dollar as quickly as possible ignores the big picture of deflation with a +6.9% Nov Energy [...]

by Rich read the rest at http://www.jubileeprosperity.com/market-psychology/blowback-law-unintended-consequences-aka-high-cost-big-government/

Making Princeton academic Benjamin Shalom Bernanke Time Man of the Year for saving the financial system was like giving credit to Cock O’ Doodle Dandy Doo, Adolph Hitler, Henry Merritt Hank Paulson Jr or Timothy Franz Geithner for raising the sun every morning they crowed, while not paying taxes and putting people out [...]

by Rich read the rest at http://www.jubileeprosperity.com/market-psychology/cock-doodle-doo-chicken-government/

Every Century has the Naughties – those years beginning with Zero, 2000 to 2009, 1900 to 1909 and 1800 to 1809. Those that do not know history may be doomed to repeat it. The past is not always prologue, but often enough to value the wisdom of experience.

Most adults from 1900 to [...]

by Rich read the rest at http://www.jubileeprosperity.com/market-psychology/naughties/