By now, you probably think your opinion of Goldman Sachs and its swarm of Wall Street allies has rock-bottomed at raw loathing. You’re wrong. There’s more. It turns out the most destructive of all their recent acts has barely been discussed at all. Here’s the rest. This is the story of how some of the richest people in the world – Goldman, Deutsche Bank, the traders at Merrill Lynch, and more – have caused the starvation of some of the poorest people in the world, just so they could make a fatter profit.
It turns out the Tumblr bookmarklet will not work with Firefox 2.x. This is disappointing.
It works fine with Chrome. So I have been giving it a go, dumping stuff here that I’d usually put in Diigo (and then forget about).
The only problem with this scheme is that I use Firefox 2.x for browsing — because I like the TwitterFox (now Echofon) extension for Twitter.
So now I wind up with Firefox and Chrome open at the same time.
Who said machines were supposed to save us time and work?
Mr. Prechter is convinced we have entered a market decline of staggering proportions – perhaps the biggest of the last 300 years.
In a series of phone conversations and e-mail exchanges last week, he said that no other forecaster was likely to accept his reasoning, which is based on his version of the Elliott Wave theory – a technical approach to market analysis that he embraces with evangelical fervour.
Originating in the writings of Ralph Nelson Elliott, an obscure accountant who found repetitive patterns, or “fractals,” in the stock market of the 1930s and ‘40s, the theory suggests that an epic downswing is under way, Mr. Prechter said. But he argued that even skeptical investors should take his advice seriously.