Russian Market Still Has A Long Way To Fall

Added on by C. Maoxian.

Everyone in the Elliott Wave world saw the short set-up in Russia back in May. Last week another smaller set-up occurred, which confirms the idea that the RSX will fall by around a third from here. If things really get bad -- Fed policy errors, regional war, global depression, etc. -- then we can expect the RSX to fall to single digits, as you can see in the chart below. 

Russia collapsing like this also jibes with my idea that the long bond yield will fall below the Jan. 2015 level.

Click to enlarge

Movies Watched -- Captain America: The Winter Soldier

Added on by C. Maoxian.

Watched for forty minutes then quit. Didn't get what was going on, never saw the first? one so the backstory wasn't making sense ... wasn't interested. Didn't click. Also it's two hours and sixteen minutes which is at least forty-five minutes too long. Red rating. 

Margaret Smith -- Just Say Yes

Added on by C. Maoxian.

Love this bit from Margaret Smith, the comedian:

Parents are drugging their kids now too. You've heard about this drug Ritalin? They give it to kids for hyperactivity. And the teacher recommends it. They send the note home, "just say yes!" Hyperactivity? When I was growing up, we were all hyperactive. We lived on wax lips and pixie sticks. Difference was to cope our parents did the drugs, as it should be. Now it's like, "Here honey, you take this, Mommy's sober. C'mon, down the hatch."