“The sport's average ticket price went up 11.8%--the highest markup in a decade--to $16.67 this year. But that's nothing compared with the increases in Detroit, San Francisco and Houston.” Full story at…
http://articles.latimes.com/2000/apr/05/sports/sp-16328
11.8% in one year? There is no
inflation…there is no inflation…there is no inflation…
Peter Schiff points out that the inflation data collected by the Bureau
of Labor Statistics is blatantly wrong and goes on the discuss how the CPI
formula has been frequently changed and the present danger of inflation due to under
reporting of its rate. Now the Politicos
think the CPI overstates inflation.
INFLATION PROPAGANDA EXPOSED (Seeking Alpha, Peter Schiff)
“...from 1999 to 2012 the Bureau of Labor Statistic's (BLS)
"Newspaper and Magazine Index" (a component of the CPI) increased by
37.1%. But a perusal of the cover prices of the 10 most popular newspapers and
magazines (WSJ, Washington Post, Time, Sports Illustrated, U.S. News &
World Report, Newsweek, People, NY Times, USA Today, and the LA Times) over the
same time frame showed an average cover price increase of 131.5% (3.5 times
faster than the BLS' stats)...
According to the BLS we can all breathe easy on that front because their
"Health Insurance Index" increased a mere 4.3% (total) in the four
years between 2008 and 2012. Interestingly, over the same time, the Kaiser
Survey of Employer Sponsored Health Insurance showed that the cost of family
health insurance rose 24.2% (5.5 times faster)... Believe it or not, health insurance
costs are assigned a weighting of less than one percent of the overall CPI. In
contrast, the Kaiser Survey revealed that in 2012 the average total cost for
family health insurance coverage was $15,745, or almost one third of the median
family income.
If the BLS could be so blatantly wrong in reporting the prices of
newspapers and health insurance, should we believe that they are more accurate
on all other sectors?”
This was a long story and well worth the read. Full commentary at...
http://seekingalpha.com/article/1114901-inflation-propaganda-exposed?source=yahoo
MARKET RECAP
Thursday the
S&P 500 was up 0.56% to 1481 (rounded).
VIX rose about 1% to 13.57.
NTSM
The NTSM analysis
remained HOLD Thursday.
Only the Price
indicator remains positive. All other
indicators are neutral.
Market internals look good and late day buying, thought
to indicate market action by the pros, has been up substantially, although it
pulled back some yesterday.
MY INVESTED
POSITION
Based on a BUY
signal 7 of 9-days, and more importantly, consecutive closes above the prior
high of 1466, I moved into the stock market at 1471 on the S&P 500 on 14
January. I am currently invested in a
range of near 50% invested in stocks. 
