Professor Elam

Wed may 4, 2011

http://www.businessinsider.com/foreclosure-crisis-hits-glee-2011-5

Last night was a true socionomic moment for the popular show Glee. One of the characters had his home foreclosed, and had to move to a motel. The cast of course felt sorry for him. 

See our companion blog site http://www.themarketperspective. I strongly suspect the tops of most markets have now been seen. 

This then, linking the failure of the government to resolve the housing crisis, makes sense at the top of the markets. From here on out, the mood should and will be negative. 

By the way we have mentioned in class the outrageous p/e of stocks like OPEN, it is down hard along with LVS. 

The original Sands Hotel in Vegas is closing perhaps the perfect metaphor for this phase of the stock market.