Highlights from Max Kaiser today:

Stacy: “The population does not want to hear about it, they don’t want to care. All they care is that the price on the Nikkei, the price on the Dow, the price on the Footsie keep on going up. They don’t care what’s behind it, they don’t care how tortured the chicken was before they eat it, or how tortured the markets are before they consume it…..and well actually further to that comparing these chickens to the markets, is that… you know, when you grow these chickens so fast, and the way you do it is to remove any nutrients from it. The same with the financial system, you’re throwing more & more money from the bank of Japan, or the bank of England, or the US Federal Reserve, & it’s like having less & less nutrients, less & less wealth created from it, for the very reason that there’s so much more debt. ……..”
Max: ” The nutrients would be ‘wages’.”

http://maxkeiser.com/

We live in a world with a multitude of ‘realities’ available to us. Like the doors in the Matrix we choose one based on our personal perspective, desires, motives & moral compass among other things. There is information available that allows us to confirm & reinforce our world view, so the ‘facts’ are often less a judgement on the world than our choices are on us.
I personally value justice, peace & the empathy for life ahead of the markets & money, status etc, so I’ll choose to reject it’s call for profit, not because I don’t think it’s going higher, & since WW3 is well under way it probably will benefit the global corporations enough to send them higher, especially since it is their ‘money’ that defines the price, but because I reject the whole direction of this, clearly fascist, structure. The world is going to hell in a handbasket & it may well prove that there is no purpose or meaning to anything, but I’ll not be party to it or side with any of the combatants, even if either has ‘God’ on their side. I’ll choose not to fit in, conform or profit rather than support something that I find to be abhorrent. They can put that on my gravestone, & the victors can have the world that they’ve recreated. Good luck with it. I’d rather lay down there than experience the world that is coming, & I’ve a feeling everyone else will agree sooner rather than later, not from a theory or reading a chart, but from what will unfold right before our eyes & unite all humanity in a common realisation of one reality.

It’s called a rip-roaring Bull market that has been under the radar till this year. The move off the lows of 2008 was the start of it. In fact while it is obvious to most that we are over extended it is not obvious that we have years more to go before the final blow off top is here.

But you heard this all before. The pattern you allude to is not out of the ordinary. We have had long periods of gains with trends following a lazar defined trajectory. If this is a top of the intermediate kind, as I have suggested, it makes sense to ramp up right before the one year bear trend comes to play.

Commodities will be in the doldrums till 2016. As expected GOLD broke decisively. 1220 is MY target.

BTW, the numbers relating to this economy have been improving across the board despite the assumptions it could never happen. The amount of correct calls I have made combined with the lack of interest because I am not part of the GOP (doom/gloom party) is astonishing. A testament to how human emotional bias has taken over our intellectual component.

Good luck to everyone. You would be best served if you stuck to purely technical evaluations without the undercurrent assumptions on trend.