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Playing the Ponzi
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Why “Playing the Ponzi”? I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is created as debt, and running straight through a global economic model that is based on infinite growth in a finite world. This won’t end well. I’d go a... More
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Playing the Ponzi
  • SPY Testing Support In Rising Wedge 0 comments
    Feb 5, 2014 12:58 PM | about stocks: SPY

    The S&P is coming off a fantastic 2013 in which it pushed to new highs. Over the last five years, the SPY (S&P ETF) chart has formed a bearish wedge. The current pullback has SPY testing its rising support trendline, which is also around where the 200 day moving average currently resides.

    (click to enlarge)SPY five year chart

    Stocks: SPY
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