Arnold had not been too concerned with the Occupy Wall Street movement until last Friday, when for some moronic reason, Arnold went to a variety of the Occupy Facebook sites (about 20 percent require a password, which Arnold was not able to access and about another 30 percent were specific websites without numbers) to determine the numbers of people associated with the Occupy Wall Street movement. That exercise indicated that rather than maybe 100,000 people being involved and or interested in Occupy Wall Street, it would appear that the number of interested people is at least 3 million, and active participants of maybe 500,000 or more. Thus, Arnold has now deduced that Occupy Wall Street is a huge potential problem for the U.S. economy.
In many Occupy Wall Street locales there have been hundreds of arrests, and in some locales there has been violence. If this trend continues, and if the number of participants continues to increase, Occupy Wall Street will become an enormous risk to the U.S. Economy!
The latest news regarding Herman Cain’s alleged “sexual harassment” issues need to be clarified — and actually determined — as to what exactly Mr. Cain is alleged to have done. In many entities, especially in the 1990’s, employees leaving these entities were given severance packages. If the payments made were severance packages which were consistent with “normal” (normal, for the entity) severance packages, then this is really nothing. If this is what is claimed, sexual harassment — without touching, but by gesture (whatever that means)– this would still be nothing. Let us not forget what a sitting President actually did, and all of the allegations made against that same sitting President during the same period. Arnold is more concerned with real issues.
- The DJIA is now correcting, and unless we experience another meltdown, we should have a nice year end rally.
- Gold is falling again. If we break the previous low this would clearly confirm that the top is in.
- Interest rates had started to rise, but now are falling. Rates should start to rise again before year end.
- The dollar has corrected some, but should resume its rise.
- Oil had been rising up to the mid $90s, but is correcting. We should have another significant rally as well.
- Real estate pricing is still falling in most markets.
- The economy appears to be somewhat stronger than expected.
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