When I was an institutional broker in a former life, I was a believer in the merits of using technical analysis. I found that it was a very useful tool that complemented the much more mainstream tools generically referred to as fundamental analysis.
People ask me if I'm the father of the Tea Party movement... I was the spark... that started it.
One of the greatest technicians of all time was a man named W. D. Gann (1878-1955). He had tremendous success predicting market moves much in advance. Legend has it that he occasionally sent notes to 'The Wall Street Journal', which accurately predicted tops and bottoms in grain markets months ahead of time.
A Treasury Secretary or a President should be out here not fighting S&P, not grabbing the other coach and slapping him around, taking the umpire behind the barn. He should be getting the team psyched to overcome.
I think many agree, being on the plan till 26, good idea; preexisting conditions, they all have a cost. So you have to find a way to pay for it. But it doesn't mean that you're going to keep or change. Listen, cars have tires. You can reinvent the car, but it's still going to have tires. Those aspects are components of healthcare.
I started trading around 1979, fresh out of college. In the early '90s, I started guesting for major news media.
