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By Chip Hanlon, greenfaucet.com

"Looked at another way, the top 1% paid about the same as the bottom 95%."

Most of us have seen these sorts of breakdowns on who really carries the nation's income tax burden, but a recent summary of these statistics from Vince Farrell is worth seeing them again:

We really can't complain. Candidate Obama said he was going to raise taxes on the rich, and that is what he is doing. If you make more than $250,000 a year, mortgage interest deductions and charitable contribution deductions will be limited. Tax rates are going up. You can bet the law of unintended consequences will go to work big-time on this one. I have read that some 70% of incomes at that ...

By Roger Nusbaum, greenfaucet.com

A floor trader just made an interesting observation on CNBC. He said that people would rather miss the first 10, 15 or 20% off the bottom rather than lose another 10%. He said this thought process is preventing people from stepping in to buy stocks.

I do not doubt what he says but it reveals an interesting psychological point. For anyone who is the long term investor they say they are then the wish to avoid a 10% drop over some short time frame when they expect stocks to go up over the longer term becomes completely irrational. If you were given a newspaper dated March 2, 2019 it said the S&P 500 closed at 3251 “yesterday” then would it matter if got to that level by way ...

[LEFT][SIZE="5"]EUR/USD - Euro Dollar[/SIZE]1,2610. EUR USD is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,2700 (90 pips). The downtrend should continue to gather momentum. [/LEFT][INDENT][LEFT][B]Resistances[/B]1,2635 - 1,2700[B]Supports[/B]1,2520 - 1,2350[/LEFT][/INDENT][LEFT]more information on [URL="http://www.mataf.net/en/forex-eurusd.htm"]EUR/USD - Euro Dollar [B]Click Here[/B][/URL][/LEFT][CENTER][IMG]http://www.mataf.net/section/devises/page/images/eurusd.png[/IMG][/CENTER][LEFT][SIZE="5"]GBP/USD - British Pound Dollar[/SIZE]1,4087. GBP USD broke 1,4130 support. The volatility rises. ...

[LEFT][SIZE="5"]EUR/USD - Euro Dollar[/SIZE]1,2596. EUR USD broke 1,2610 support. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a resistance below 1,2700 (104 pips). The downtrend should continue to gather momentum. [/LEFT][INDENT][LEFT][B]Resistances[/B]1,2605 - 1,2700[B]Supports[/B]1,2520 - 1,2350[/LEFT][/INDENT][LEFT]more information on [URL="http://www.mataf.net/en/forex-eurusd.htm"]EUR/USD - Euro Dollar [B]Click Here[/B][/URL][/LEFT][CENTER][IMG]http://www.mataf.net/section/devises/page/images/eurusd.png[/IMG][/CENTER][LEFT][SIZE="5"]GBP/USD ...