Kind Words from Terry Laundry, Founder of T Theory

"Parker has sent me what I consider to be the most important refinements to T Theory I have ever received from anyone in an e-mail . . . which he calls Tweaking the 13th Advance Decline T." September 29, 2010

"Parker has sent me a very interesting concept which is the NY Advance Decline line divided by the put-call ratio . . . What he's done is introduce the idea of sentiment." September 15, 2010

"Parker discovered the Money Flow Ts . . . This is something like the Holy Grail in T Theory. You are always looking for something that will help you refine the peak date." October 17, 201

"Money Flow Ts are probably the greatest new thing I have seen in 20 years in terms of time symmetries." December 5, 2010.

Wednesday, November 3, 2010

$$ Lame Ducks

According to the Senate calendar, the Senate is back in session November 15-19, off for Thanksgiving Week, and then reconvenes again on November 29 "until business is complete."  The House is expected to follow a similar "lame duck" session.

While the Bush tax cuts in general, and the capital gains tax cuts in particular, are crucial items for investors to follow, note that the Emergency Unemployment Compensation (EUC) program is set to expire on November 30. If it is not extended, 1.2 million unemployed workers will lose their federal jobless benefits during the December holiday season that is so critical for the retail sector (anyone remember 2008?), and nearly 5 million Americans will have their benefits lapse over the next several months.  

This lame duck Congress will have its hands full when it reconvenes.
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