This is a SERIOUS post.. Now those of you only interested in the tawdry, salacious rumor sort of thing might miss the serious significance of this post but I will try anyway. Socionomics holds that public figures tend to show their clay feet at the top of markets. Now this has been going on for some time, the market topped in 2000 after all, and it is frankly all we can do to teach accounting, track the markets, and keep up with various indiscretions. When we last counted let's see
Elliott Spitzer
Kobe Bryant
John Edwards
and now, Tiger Woods, well wait a minute, all we have are rumors, no wait, as I write Fox TV (we report you decide) is broadcasting taped telephone calls to a woman from Tiger regarding, uh, possible calls from his wife, well we are not TMZ, oh by the way to the left that is Rachel Uchitel with her new attorney to the stars, Gloria Allred, seeking to retain her untarnished reputation via the media……but our point is
on the way up in markets individuals are idolized. At the top positive mood turns negative, and that mood looks for outlets. No doubt many of you can add to this list but as one of the highest paid athletes of all time, it is interesting that this did not break until the Dow recovered 50% of its loss, and stopped.
Speaking of figures losing their shine, the President's speech at West Point seems to be the classic compromise, we commit and we are retreating all in the same breath. Read what German Spiegel had to say. Our analog is 1968-1982, a tough time for Presidents of both parties. And that is the way it is working out for this and the last President as well.
And speaking of heading for the exits, Oprah announces she is exiting her tv show after 25 years.
That would be an interesting time, 25 years means a 1984 start, right at the bottom of the post 1982 lift off. More on this in another post.
Professor Elam 
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