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PHOTOS: #WalkAway from Democrats Rally Draws Hundreds of Patriots, 'We Love America and Trump'
The Market's Trend Breakdown Has Been Confirmed
Authored by Jesse Colombo via RealInvestmentAdvice.com,
On Wednesday, after the Dow plunged 608.01 points, I wrote a piece called “The #MAGA Stock Market Trendline Is Broken” in which I showed how the U.S. stock market’s sharp decline caused several major stock indices to break below their important uptrend lines that have formed in early-2016. I described this breakdown as a “very important change of trend.” On Thursday, the Dow rose 399.95 points and the S&P 500 rose 49.46, but I said that the market bounce did not negate the bearish technical developments that took place on Wednesday. Sure enough, the Dow fell 296 points or 1.2% on Friday, while the S&P 500 fell 1.7%, which confirms the technical breakdown under the important trendline that formed in early-2016 (I was waiting for a solid close below this level on the weekly chart).
This week’s sell-off caused the S&P 500 to break below its uptrend line that began in early-2016. The next major technical support and price target to watch is the 2,550 to 2,600 support zone that formed at the lows earlier this year.
Unlike the S&P 500, the Dow Jones Industrial Average still has not broken below its key uptrend line. If the Dow closes below this uptrend line in a convincing manner on the weekly chart (possibly next week if the sell-off continues), the next important support level and price target to watch is the 23,250 to 23,500 zone that formed in early-2018.
The Nasdaq Composite index closed below its uptrend line that began in early-2016. The index would need to close back above this trendline to negate the bearish technical signal. If the sell-off continues, the next price target to watch is the 6,600 to 6,800 support zone that formed earlier this year.
The small cap Russell 2000 index broke below its uptrend line two weeks ago and tested the 1,475 support level this week. If the index breaks below the 1,425 to 1,475 support zone, it would give yet another bearish signal.
As someone who is warning about a dangerous stock market bubble (please watch my presentation to learn more), this week’s technical breakdown really concerns me. The U.S. stock indices discussed in this piece would need to close back above their trendlines to negate this week’s breakdown. There is a very good chance that the sell-off will continue until U.S. stock indices hit their support zones at the early-2018 lows, then they will bounce for a time, and attempt to break below their support zones. If and when the indices eventually close below their support zones, that would give yet another bearish signal that would likely foreshadow a decline to their 2015 highs (not that the bear market will stop there, but it’s the next step after a break below the early-2018 lows).
Pittsburgh Synagogue Shooting Suspect Identified As Robert Bowers
Breaking: At Least 11 Dead, Several Others Shot At Pittsburgh Synagogue
Pittsburgh Synagogue Shooter Reportedly Shouted ‘All Jews Must Die’
One local news station in Pittsburgh is reporting details of what the man who shot up a synagogue was shouting earlier today.
Police sources tell KDKA’s Andy Sheehan the gunman walked into the building and yelled, “All Jews Must die.”
The shooting happened during Shabbat services this morning and, per multiple reports, there was a bris happening.
NBC News’ Pete Williams is also reporting that, based on what they’ve heard the suspect said, this was very clearly a hate crime:
“There doesn’t seem to be much doubt here, as if there was any to start with, that this is a hate crime based on what we’re told by authorities the suspect said,” @PeteWilliamsNBC reports on @NBCNews Special Report.
— NBC News (@NBCNews) October 27, 2018
Pittsburgh gunman entered synagogue, came out, engaged with police, and later came back out and was taken into custody, law enforcement sources tell @PeteWilliamsNBC, and the gunman had made anti-Semitic comments.
— NBC News (@NBCNews) October 27, 2018
[image via screengrab]
$7.6 Million Reward Offered In Case Of Murdered Canadian Billionaire
The family of a murdered Canadian billionaire and his wife have offered as much as C$10 million ($7.6 million) for information in their slayings last year, claiming that police bungled the investigation from the beginning according to Bloomberg.
Barry and Honey Sherman, 75 and 70, were found hanging by belts near a basement pool by a real estate agent walking through their Toronto mansion on Dec. 15. An autopsy revealed the cause of death for both to be "ligature neck compression," meaning strangulation. Police initially believed it was a "suspicious" murder-suicide. The Shermans are believed to have possessed a fortune worth nearly $5 billion thanks to Barry Sherman's Apotex, a Canadian pharmaceutical giant that specializes in producing generic copies of popular drugs. At the time of his death, Sherman and his company were embroiled in multiple lawsuits.
Later, a source with direct knowledge of the parallel probe told CBC Toronto in January that private investigators believe that the billionaire Toronto couple was murdered by multiple killers.
"Regrettably it has become clear to them that despite the active pursuit of search warrants and exploring other investigative avenues, police resources have neither been properly managed nor effectively utilized," said Sherman family attorney, Brian Greenspan.
The reports sparked outrage from the couple’s four adult children, who issued a statement saying their parents’ characters were “totally inconsistent with the rumors regrettably circulated in the media,” and urging police to do a thorough investigation.
The Sherman family hired Greenspan, a Toronto criminal defense lawyer who had previously represented the likes of Justin Bieber and Naomi Campbell, to advocate for the family. Greenspan assembled a team of retired police detectives to conduct a separate investigation and began pushing back publicly against the idea that Sherman was responsible for the deaths. -Bloomberg
Forensic investigation
The Sherman family hired a pathologist to conduct second autopsies of the deceased, which revealed "narrow markings on both victims' wrists," according to Bloomberg. The evidence suggested that the couple was tied up at some point despite no bindings found at the scene. Barry's legs were also found crossed in front of his body in a position unlikely to be found in a suicide.
The private investigators hired by the family informed the police that their conclusion of murder-suicide could not be correct. On January 26, over a month after the bodies were found, homicide detective Susan Gomes revealed to the press that the Shermans "were in fact targeted," and declared the deaths to be homicides after "six weeks of evidence and its review."
On Friday, Greenspan said the police had erred in several aspects of the investigation including not assessing and securing the crime scene properly as well as failing to notice initially that the bodies were staged. They also missed at least 25 fingerprints and palm impressions that private investigators later found, according to Greenspan. -Bloomberg
"There are circumstances where rewards have worked and we believe it may work here," said Sherman.
WARNED ON SOCIAL BEFORE ATTACK...
Pittsburgh synagogue shooter yelled anti-Semitic slur before attack: report
Andrew Gillum’s Comments On Law Enforcement Are ‘Disgusting’ And A ‘Disgrace,’ Says Florida County Sheriff
Trump on Synagogue Shooting: If They Had an Armed Guard, ‘Results Would Have Been Far Better’
President Donald Trump briefly spoke to reporters this afternoon about the horrific shooting at a synagogue in Pittsburgh, and he was asked at one point about taking action regarding gun laws.
“This has little to do with it,” the President said. “If they had protection inside, the results would have been far better… If they had some kind of a protection inside the temple, maybe it could have been a very much different situation.”
Trump specifically said an “armed guard” would have been able to stop the shooter, and he talked about stiffening up death penalty laws.
Officials have so far confirmed that three officers were shot.
Watch above, via Fox News.
[image via screengrab]
Synagogue Shooter Disliked Trump, Posted “I Did Not Vote For Him”
Trump complains Twitter has removed people from his account
Alex Jones Show: Patsy Arrested in Pipe Bomb Hoax Case, Has Right Wing Trump Stickers All Over Van
Goodwill workers in NJ find original 1774 ‘rebel’ newspaper
AP: A quick eye by Goodwill workers in southern New Jersey turned up framed pages from an original 1774 Philadelphia [READ MORE]
The post Goodwill workers in NJ find original 1774 ‘rebel’ newspaper appeared first on The Savage Nation.
'MAGA BOMBER' SUSPECT IN CUSTODY
Mail Bomb Suspect Has Been Identified As Cesar Sayoc Jr
Two Milky Way satellite galaxies collide
Bomb Threats To Dems And CNN Just The Beginning Of Major False Flag
How The False Flag Distracted Americans From The Migrant Caravan
Megyn Kelly Out At NBC After ‘Blackface’ Comments
Scientists discover first new species of crocodile in 85 years
‘Where Do We Have Tariffs?’ Trump Asks. He's Got A Point
The Most Depressing Aspect of the 'Non-Player Character' Meme
A meme that started on 4chan and recently spread through political social networking and meme-warring reveals the extent to which we now conflate a person's political views with their value as a human being.
The "non-player character" meme portrays one's political and ideological foes as detailless evocations of a video game's non-player characters (NPCs). These characters represent the artificialness of even the best games. They operate on loops, reacting to you, the player, but never exercising any real agency. They are the prostitutes in Grand Theft Auto and the ghosts in Pac-Man. The NPC meme we're seeing now is aimed at modern progressives, portraying them as mindless automatons spouting lefty gibberish they cannot rationally defend.
Meant, like so much modern discourse, to elicit an angry disdainful laugh at the expense of people you want to dehumanize in the eyes of your peer group, the NPC attack/gag drew a harsh—and condemnable, for those who value an open, freewheeling internet in which free expression is respected—smackdown from Twitter, whose internet purity monitors reportedly destroyed over 1,500 accounts using such images. Twitter deserves to lose respect and communications market share over that crackdown.
Saying anything further about this controversy is risky: outrage-inducing memes reside in that conveniently shifting misty land between serious political commentary and disdainful comedy, and taking them too seriously is often a sign of overreaction and even lameness. So let's just grant up front that sure, whatever, it's all really just a hilarious joke, and everyone should relax.
But if you're willing to admit maybe you don't enjoy a good larf as much as the next fellow, a serious point can be gleaned.
Whether you find NPCing your ideological foes (and, yes, progressives have tried to turn the "You are just a mindless parrot of received ideological stances" schtick around on their righty tormentors, though it's about as powerful as a grade-school bullying victim responding with, "No, you are!") simply funny or deeply true or both, the meme contributes to a not-so-minor tragedy of American civic life these days.
For people who spend so much time on social networking sites that their primary sense of other human beings is the constant expression of brief, unnuanced, and often hostile judgment or opinion on politics or politicians, it may be easy to forget that more is at play in another human being than political opining, even or especially if their opinions on politics are received, ignorant, or wrong.
Stipulating that I'm Grandpa Normie (doubly so for calling myself that, and triply so for even pretending that one can pre-emptively disarm modernity's wave of dismissive sarcasm and irony), and so just don't get the deeply wise and hoo-larious meaning behind this meme, the main rational way to interpret the NPC in video game terms is: someone without agency and without significance.
Yet any sensible American, left or right, should understand that a person's opinions and judgments about politics are going to be the least interesting and significant thing about them. Political opinions, especially coherent ones, come in a relatively narrow range. They are apt to come across to any half-educated and observant person as clear, predictable, and received. Unless a person is a particularly quirky outsider, knowing just a few of their opinions will likely allow you to guess their stances on a number of other political issues. (And if their opinions are so off-kilter or incoherent you can't place them, well who the hell cares?)
That's OK. Political opinions aren't designed for the education or entertainment of others; they are just one's reactions to the world. For most folks, even the so-called intellectual elites, political opinions are tribal or emotional, not based on deep or complicated digging into factual or ethical backgrounds. After all, nobody has time to dig into everything.
And again, who cares? What makes any human being unique or interesting or compelling lies in who they are and what they do for the well-being of others, whether through work in the economy; their status in a family or affinity group; their ability to be congenial companions or witty conversationalists or just decent and functional parts of a social landscape.
If your own spirit is so crabbed that the only pleasure you get out of life is knowing that the being facing you shares your political opinions, at least grant that other people exist in non-political dimensions: as co-workers, neighbors, fellow commuters, friends, or friends of friends.
Playing into the idea that your political meme savvy is the measure of another person's agency and value is an idea that should strike every decent American as grossly dumb and missing the point of life, civic or otherwise. That very attitude is its own version of political totalitarianism, whether applied from left to right or right to left.
For other Reason writings on the intellectual and emotional errors of overprivileging political opining, see Nick Gillespie from last week on not letting Trump dictate all of our emotions and reactions; me on why voting for Trump should not be sufficient excuse to write off friends or family either rationally or emotionally; and how a cabaret tour rightly made apocalyptic emotional reactions to the 2004 election seem absurd.
Ginsburg Points Finger At Congress Over Contentious Judicial Confirmations
MSNBC Blames “Far Right” Boomer using a “2014 meme” for Suspicious Packages
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