HISTORICALLY A GOOD SIGN THAT WE ARE AT OR NEAR A MARKET TOP = BULLISH MEDIA HEADLINES LIKE THIS
BULL TRAP STILL UNDERWAY
It symbolizes power, good fortune, and strength and is associated with auspicious traits like intelligence, ambition and charisma. Historically linked with imperial power, Chinese emperors considered themselves descendants of dragons, emphasizing the dragon's esteemed position.
World War III is already underway and the trigger for Civil War in the U.S. is disregard for laws is already upon us.
Georgia Needs to be Expelled from United States – with NY & Calif – NOW to save Society!
Courtesy of Martin Armstrong
The absurd decision that Fani Willis is not disqualified after meeting with the Vice President and having her lover appointed the prosecutor over Trump, who was also meeting with the Department of Justice, demonstrates that the legal system is just a political charade. A judge is supposed to be recused when a reasonable person might question their impartiality. This is all political, and the entire world knows it. The emails I get from overseas have been thoroughly disgusted at how the Biden Administration has weaponized the legal system to ensure its policies influenced by the Soros Conspiracy have waged war on the people of the United States.
The United States has lost any credibility in the eyes of the world. It is no longer the land of the free and home of the brave. The new interpretation is that the government is free to do as it likes and intimidate private enterprises to censor free speech, which they are prohibited from doing by the Constitution directly. There is no longer any question. The United States will be unable to survive this as a union. Political corruption has stooped to a new low, and when any nation has gone that far down the slope of corruption, it cannot stand.
Historians agree on one point. The reign of Commodus (180-192AD), who followed his father, Marcus Aurelius, is where the line is drawn for the Decline and Fall of the Roman Empire. He abused the law just as the Biden Administration is doing currently. Commodus ordered his sister Lucilla’s execution after a failed assassination and coup attempt when she was about 33 years old. Commodus was eventually assassinated. Like the Biden Administration, Commodus also targeted the rich and targeted anyone who had been aligned with his father, as the Biden Administration has done to Trump supporters. Edward Gibbon wrote of Commodus in his Decline & Fall of the Roman Empire that:
What followed Commodus’s death was another Civil War. The Praetorian Guard proclaimed Pertinax emperor, the son of a freed slave. He attempted to root out corruption by restoring discipline among the Praetorian Guard. They did not accept his attempt to drain the swamp, so Pertinax was assassinated by the Guard. After that, the Praetorian Guard actually auctioned off the throne to the highest bidder. Two rival bidders presented themselves – Titus Flavius Sulpicianus (father-in-law of Pertinax) and Marcus Didius Julianus. Didius’ bid was 25,000 sestertii per man, which was the highest bid, and he was duly declared Emperor. That led to such outrage that other generals marched on Rome to overthrow Julianus and the corruption that consumed Rome.
Roman Legions At War Pencil
The Year of the Five Emperors was 193AD, during which five men claimed the title of Roman emperor. Rome was plunged into civil war again after the death of Nero in 68 BC, the assassination of Caesar in 44 BC, and Caesar’s crossing of the Rubicon to drain the swamp in the Roman Senate in 49 BC.
Will History Repeat Again?
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U.S. Stocks Show Modest Move To The Downside
After an early move to the downside, stocks fluctuated over the course of the trading session on Monday but largely maintained a negative bias. The major averages all finished the day lower after ending last Friday's trading mixed.
The tech-heavy Nasdaq fell 44.35 points or 0.3 percent to 16,384.47, pulling back off the record closing high set in the previous session, while the S&P 500 dipped 15.99 points or 0.3 percent to 5,218.19 and the Dow slid 162.26 points or 0.4 percent to 39,313.64.
Weakness among technology stocks weighed on the markets early in the session, with semiconductor giant Intel (INTC) plunging by as much as 4.7 percent to its lowest intraday level in over four months.
The steep drop came after a report from the Financial Times said China has introduced new guidelines to phase microprocessors from Intel and Advanced Micro Devices (AMD) out of government PCs and servers.
Intel climbed well off its worst levels but still slumped by 1.7 percent, while AMD ended the day down by 0.6 percent.
Shares of Microsoft (MSFT) also fell by 1.4 percent after the FT said stricter Chinese government procurement guidance also seeks to sideline the company's Windows operating system and foreign-made database software in favor of domestic options.
Selling pressure remained relatively subdued, however, as traders seemed reluctant to make more significant moves ahead of the release of some key economic data in the coming days.
Traders are likely to keep an eye on reports on durable goods orders, consumer confidence and pending home sales, although a report on personal income and spending that includes readings on inflation said to be preferred by the Fed will be released when the markets are closed for Good Friday.
The Commerce Department released a report this morning showing new home sales in the U.S. unexpectedly decreased in the month of February.
The report said new home sales dipped by 0.3 percent to an annual rate of 662,000 in February after jumping by 1.7 percent to a revised rate of 664,000 in January.
Economists had expected new home sales to surge by 2.9 percent to a rate of 680,000 from the 661,000 originally reported for the previous month.
Sector News
Despite the modest weakness shown by the broader markets, airline stocks showed a strong move to the upside on the day, with the NYSE Arca Airline Index climbing by 1.5 percent.
Oil service stocks also saw considerable strength amid a sharp increase by the price of crude oil, driving the Philadelphia Oil Service Index up by 1.2 percent to a five-month closing high.
Computer hardware and oil producer stocks also saw some strength on the day, while software stocks moved to the downside.
Other Markets
In overseas trading, stock markets across the Asia-Pacific region moved mostly lower during trading on Monday. Japan's Nikkei 225 Index slumped by 1.2 percent, while China's Shanghai Composite Index slid by 0.7 percent.
Meanwhile, the major European markets turned in a mixed performance on the day. While the German DAX Index rose by 0.3 percent, the French CAC 40 Index closed just below the unchanged line and the U.K.'s FTSE 100 Index dipped by 0.2 percent.
In the bond market, treasuries gave back ground after trending higher over the past few sessions. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, rose 3.5 basis points to 4.253 percent.
Looking Ahead
Trading on Tuesday may be impacted by reaction to the latest U.S. economic data, including reports on durable goods orders and consumer confidence.
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