The Cubes (Nasdaq: QQQQ): June 28th at 2:17 AM NYC time: Ever since the clearly telegraphed May top and breaking below all the major moving averages (point 1 on the chart) the Cubes have not even been able to muster a close above the 20-day EMA (points 2 and 3), let alone the 50- or 200-day EMAs. Tuesday’s near 2% down day on increased volume and close below 2-week trading range suggest that…
At his confirmation hearing, Treasury Secretary nominee Henry Paulson, Goldman Sachs’ chairman, told senators that he’ll focus on improving U.S.’ “competitive position” in trade. Cubetrader.com translation: Hank likes a weak dollar strategy.
America (and the world) cannot begin to recover from the damage caused by the Bush administration until it stares the corruption, and itself, in the eye.
From the June 25th NYT:
The Road From K Street to Yusufiya
By FRANK RICH
AS the remains of two slaughtered American soldiers, Pfc. Thomas L. Tucker and Pfc. Kristian Menchaca, were discovered near Yusufiya, Iraq, on Tuesday, a former White House official named David Safavian was convicted in Washington on four charges of lying and obstruction of justice. The three men had something in common: all had enlisted in government service in a time of war. The similarities end there. The difference between Mr. Safavian’s kind of public service and that of the soldiers says everything about the disconnect between the government that has sabotaged this war and the brave men and women who have volunteered in good faith to fight it.