Friday, April 19, 2013

Market Week in Review

S&P 500 1,555.25 -2.11%*

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The Weekly Wrap by

*5-Day Change

1 comment:

thedikatreporter said...

The global economic and political paradigm pivoted from Liberalism into Authoritarianism the week ending Friday April 19, 2013, as the S&P 500, SPY, World Stocks, VT, Major World Currencies, DBV, and Emerging Market Currencies, CEW, traded lower, on the exhaustion of the world central bank's monetary authority to stimulate global growth, and on the fears that the Cyprus Bank Bailin will be used as template in growing sovereign and banking insolvency in the Eurozone. The prosperity portion of the Business Cycle has attained completion and the world has passed into Kondratieff Winter. The weekly chart of the S&P 500, SPY, shows an Elliott Wave 2 Low in March 2009, an Elliott Wave 3 High in March 2012, an Elliott Wave 4 Low in June 2012, and an Elliott Wave 5 High on April 12, 2013; it has advanced approximately 140% in just over four years.

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