As a forecast for a potential future economic turning point as the cycles turn later into this decade, watch the mid point retracement level on the NASDAQ. See Nasdaq file

As per the Dow, 1930's. Dow 30's correction

So the G20 hit town. It's a good indication of just how low the economic understanding of the public is when they allow such meetings to be held behind closed doors, in secret, without public input.

The sole function of government is the promotion of justice: nothing more nothing less. When government (we the people)goes about permitting the creation of licenses which then capitalize into a tradable commodity, the cycles are created, and the forecasting becomes really easy: the license holders will do anything - ANYTHING - to protect that value once they own it. Hence Iraq, hence low wages, hence the unwillingness of some persons / countries to trade freely, the fear, and most important, the creation of land price. It all flows from governments being permitted to create that license.

I just take the opportunity to remind you all AGAIN: when stock markets break into all time new highs, it is a reflection of the consensus view that the earnings power of the country, as expressed through the listed corporations, is increasing. In all my historical studies, I have never yet seen an occasion when the market, on the break into new highs across several past tops (as happened with the Dow last month), got this wrong.

THERE CANNOT BE A RECESSION IN THE NEXT 6 TO 9 MONTHS AFTER THIS HAPPENS, got that...

The markets are saying be bullish at present, so be bullish oh some of ye subscribers of little faith.