The last full blown Kondratieff Long-Wave contraction occurred in the 30's.
The next Kondratieff Long-Wave finally commenced in 2007-08, after being delayed by several foolish and ultimately unsuccessful interdictions of the US Monetary and Fiscal authorities.
Its reemergence is now ordained with the FED's insanely structured ZIRP! Therefore, the Kondratieff's full impact is due to reassert itself in the next 18 to 36 months.
If you want to know more: go to, www.polestarcomm.com
Re: Reply to Inquiries >>> have I changed since BLACK SWAN Sell Alert of 4/20/20?
NO!!
The following Blog is still the recommended position = Sell everything and buy 7 to 12 month Puts!!
In addition to the China/USA relationship continuing to deteriorate and everything else being negative, the psychological and economic fundamentals creating a Quick Turn A'round in broad economy looks impossible.
Furthermore, the Fed has now dug a BIG HOLE for itself by guaranteeing everything under the sun!
I really don't enjoy doing this, but the
continued dramatically negative effect of the 3rd Black Swan - Oil -
and now the ever closer arrival of the 4th Black Swan has forced my
hand.
Let me explain: for the first time since 3/16/09 I am giving an all-out Alert that runs counter to my Technical OBV & KST Indicators that have functioned beautifully since 2009; and that is because for
the second time since 3/16/09 I am giving an all out Alert to sell
everything and to buy at least 5% or more in long-term Puts; and this is
based on extraneous factors to the Broad Market indicators.
For, despite the fact that the market
direction is still up -- by the criteria I have consistently followed
--- I am no longer going to follow them: that is because the world-wide
confluence of extremely dangerous extraneous factors has outweighed
purely market indicators.
Re: Many wondered why I posted a Blog with Bible verses?
Or why commodity traders out there should be going LOOOONgggg Wheat; and the rest of us might want to buy a little extra flour? Well, I did not do it cavalierly and they have not long to wonder.
Revelation prophesy of the 3rd >> Black Horse "... And I beheld, and lo a black horse; and he that sat on him had a
pair of balances in his hand. 6 And
I heard a voice in the midst of the four beasts say, A measure of wheat
for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine. ...?
Measure >> equals just enough to keep a man alive for one day Penny >> equals a denarius or a days wages
Translation: the poor will barely stay alive if they work hard every day!
And... see thou hurt not the oil and the wine = rich do not suffer
Thus, working all day a man would have just enough to stay alive!
But the rich will not suffer! Now, knowing these things prophesied 1,926 years ago, just watch what now happens in the world, because ...
China is just now gripped by unusually bizarre natural phenomena that will produce the results prophesied of in Revelation 6:6. 4/10/2020 Wheat Rust has destroyed all 13 million acres of planted wheat in 9 Provinces
Simultaneously
Heavy Rains in all Chinese Southern Provinces have flooded tens millions of acres of wheat and destroyed those crops with fungi mediated wheat root rot
&
Before these things >>> All Provinces had seen widespread Wheat Powdery Mildew and other unidentified diseases, producing fields of grains that had turned into fields of weeds**
& If all that weren't enough 4/20/2020 Massive Blizzards** just hit the Northern provinces, blanketing those farms with several feet of blowing snow and freezing all the grain crops.
Re: My alleged exaggeration of the bellicose nature of current China/US verbal exchanges?
Once again, to learn the truth you must go to International News Sources: and the inferred (conclusions drawn by the reader) antagonistic level of China/US rhetorical barbs is actually much more dangerous than indicated herein:
I have -- with my Blogs of yesterday and today * -- been accused of exaggerating things and possibly worse.
So, I will let you see what I monitor and my strategic monitoring of such foreign communications has always led me to understand things in China** ahead of those who only listen or watch our MSM. So among many CCP communications - I have read in last few days - here is just one:
Chinese CCP Official Communications:
April 17th: Xilu net (Chinese Military Portal Site) East Theatre Operations: Cast Off Illusions, Be Prepared For War!
2020-4-17 11:29:05
What followed was a ten page directive to all Party Commanders, Military Officers, Party Comrades and Personnel
Now did this Chinese CCP preliminary Call to Arms occur in a complete void?
No, it did not: the publicly disseminated USA/China rhetoric has increasingly become antagonistic and has escalated: i.e. it's not the words it's the spirit of the words .
And, don't forget, by definition Black Swans arrive without any fanfare for the Masses; otherwise they would NOT be Black Swans; would they!
So, while I earnestly pray I am wrong, I believe holding long stock positions in such an already strongly overvalued Stock Market at this Macro-Economic perilous moment is not prudent.
Ve'll all see!
Won't we.
Richard
* Edited 4:35 PM after this AM post.
** Including the vastly undercounted of actual dead in China due to their CCP Wuhan Virus; for, it is the real number that has panicked all the World Leaders of ALL the countries in the World; and it is not the silly numbers >>> you guys read about or listen to on the USA MSM!
I really don't enjoy doing this, but the continued dramatically negative effect of the 3rd Black Swan - Oil - and now the ever closer arrival of the 4th Black Swan has forced my hand.
Let me explain: for the first time since 3/16/09 I am giving an all-out Alert that runs counter to my Technical OBV & KST Indicators that have functioned beautifully since 2009; and that is because for the second time since 3/16/09 I am giving an all out Alert to sell everything and to buy at least 5% or more in long-term Puts; and this is based on extraneous factors to the Broad Market indicators.
For, despite the fact that the market direction is still up -- by the criteria I have consistently followed --- I am no longer going to follow them: that is because the world-wide confluence of extremely dangerous extraneous factors has outweighed purely market indicators.
Namely, the 3rd Black Swan -- Oil -- has crashed to such levels that a market affect must be forthcoming; and the POTUS has verbally threatened to impose a tariff on all imported oil; and I believe that he will very likely do it.
However, it is the 4th Black Swan that now has overcome everything else in my calculations.
The 4th Black Swan is War, just as I indicated in my last post; but this War will not be with a third rate military power that possesses no offensive capabilities.
And the outcome -- even with a very limited engagement immediately followed by negotiations -- would still have dreadfully devastating physical, moral and psychological effects and affects; from which I can only conclude all the World Stock Markets would suffer steep declines.
So, I believe that the better part of investment prudence is to sell everything here at 24,000 after having called for a Blow-Out Rally from 18,000 Dow Jones on 3/23 that, while not a Blow-Out Rally, did turn out to be bigger rally than any other Bear Market Rally since the 30's - at least.
I sincerely hope that I am wrong, but the visible and invisible signs portending the realization of the 4th Black Swan have become overwhelming over the last week.
4 And there went out another horsethat wasred: andpowerwas given to him that sat thereon to take peace from the earth, and that they should kill one another: and there was given unto him a great sword.
5 And
when he had opened the third seal, I heard the third beast say, Come
and see. And I beheld, and lo a black horse; and he that sat on him had a
pair of balances in his hand.6 And
I heard a voice in the midst of the four beasts say, A measure of wheat
for a penny, and three measures of barley for a penny; andseethou hurt not the oil and the wine.
7 And when he had opened the fourth seal, I heard the voice of the fourth beast say, Come and see.8 And
I looked, and behold a pale horse: and his name that sat on him was
Death, and Hell followed with him. And power was given unto them over
the fourth part of the earth, to kill with sword, and with hunger, and
with death, and with the beasts of the earth.
Matthew 24:6-7AKJV
6 And ye shall hear of wars and rumours of wars:
see that ye be not troubled: for allthese thingsmust come to pass, but the end is not yet.
7 For nation shall rise against nation, and kingdom against kingdom:
and there shall be famines, and pestilences, and earthquakes, in divers places.
And, of course, there's the big dog, Goldman Sachs: Remember they were extremely Bearish on 3/29; and said then that the Market can't go up again until three things happen >>>> that never happened: https://www.cnbc.com/2020/03/29/goldman-says-the-market-wont-bottom-until-these-3-things-happen.html
Well, this very morning Goldman Sachs - very conveniently - forgot what they said back on 3/29 and just went Bullish predicting a rally of S&P 500 and hitting 3,000! Where were all of them on 3/23/20 when I said BUY EVERYTHING?
And 'Oh, Bye the Bye?'
Where were all of them on 2/2/20 when I issued a HUGE Black Swan and said to put at least 5% in puts?
Can you imagine, people actually listen to these Clowns?
These guys actually get paid for their ever wrong claptrap and after the move advice; and their firms charge huge fees to listen to their BS?
So, just for them, I offer a glint of things to come, on the record, on this day (4/13/20) just for these Clowns; and I guarantee they will miss this coming attraction too >>> until long after the fact:
Under cover of a COVID Tarp: the Fed has just injected trillions and Trillions of Airdollars into a whole bunch of over-leveraged losers AND they have swept a whole bunch of Junk-bonds and bonds that were soon to be rated Junk into the Black Hole of the Fed's Balance Sheet** never to see the open markets again!
What a Majik Act!
So, this market clearing operation by the Fed has now set the Trap of all Traps for the Biggest Bull Trap of the Last Three Centuries!
Richard
** Since a similar action in the Credit Crisis of 2008/09, the Fed's Balance Sheet has become the trash can that forever hides the insanity of a perennially over-leveraged economy and forever removes from the markets JUNK, which once upon a time in the recent past could only have been cleared from the markets in a Stock Market Crash and accompanying Recession or Depression!
Chamath
Palihapitiya, founder and CEO of investment firm Social Capital, said
the U.S. shouldn’t be bailing out billionaires and hedge funds during
the coronavirus pandemic.
Palihapitiya added that he was
concerned that the Federal Reserve’s plans to support to economy during
the COVID-19 crisis are going to have consequences, and it would have
been better to just give more money to Americans.
And here is an excellent Alternative Media article on the New Federal Reserve Funded Socialism, where nobody BUT nobody is allowed to fail:
To paraphrase the police officer who told me my old
neighborhood had burned down during the 2017 NorCal fires, “the markets
are no more.”
After the Fed announced it is bailing out junk bonds today, Wall Street has now morphed into a full-blown “Soviet Sausage Factory.”
Jay Powell probably had no choice and needed to blunt the blow of
another 6 million-plus print of new unemployment claims but isn’t
Socialism and state intervention dandy?
We can understand providing support to local and state
municipalities, now strapped with severe cash flow problems as their
tax revenues have gone to near zero, but junk?
Re: What I saw on March the 23rd has now come into very clear focus for those with eyes to seeeeeeeeeee! This day is the first day of the rest of your lives >>> for the Bulls; and this day is the day they buried the BEARS!
There is apparently only one way now for all markets, since The Fed has removed all moral hazard and is now going to buy anything and everything: So maybe, Federal Reserve should be renamed the Hotel California?
Welcome to the Fed's Hotel California
Such a Lovely Place
Plenty of Room at the Hotel California
You can check out anytime you like >>>> but you can never leave This could be Heaven and this could be Hell Welcome to the Hotel California Such a lovely place Liv'in it uuuuup at the Hotel California https://www.youtube.com/watch?v=nY2INMutWxk
Hey Folks, Re: The Pre-ordained Long-Awaited End of the Fed Bubble Machine has finally arrived!
Ride the King's Highway Ride The Highway West >> Babeee Riiiiide the Snake Ride the Snake to the lake The aanci'ent Lake >>>> Babeee The Snake is looooooong Seven Miles Ride the Snake He's Old and his skin is cold The West is the Best The west is the Best Hear Hear! and we'll do the rest
This is the End My only friend the end The end of laughter and soft lights
This is theeee EEEND https://www.youtube.com/watch?v=BXqPNlng6uI
So what is the Snake? What is the King's Highway? What is the Ancient Lake? They are all hinted at in the following quote from this AM's Fed Announcement.
Stay Tuned!!
" ... ... The Federal Reserve and the Treasury recognize that businesses vary
widely in their financing needs, particularly at this time, and, as the
program is being finalized, will continue to seek input from lenders,
borrowers, and other stakeholders to make sure the program supports the
economy as effectively and efficiently as possible while also
safeguarding taxpayer funds. Comments may be sent to the feedback form until April 16.
To support further credit flow to households and businesses, the
Federal Reserve will broaden the range of assets that are eligible
collateral for TALF. As detailed in an updated term sheet, TALF-eligible
collateral will now include the triple-A rated tranches of both
outstanding commercial mortgage-backed securities and newly issued
collateralized loan obligations. The size of the facility will remain
$100 billion, and TALF will continue to support the issuance of
asset-backed securities that fund a wide range of lending, including
student loans, auto loans, and credit card loans.
The Municipal Liquidity Facility will help state and local
governments better manage cash flow pressures in order to continue to
serve households and businesses in their communities. The facility will
purchase up to $500 billion of short term notes directly from U.S.
states (including the District of Columbia), U.S. counties with a
population of at least two million residents, and U.S. cities with a
population of at least one million residents. Eligible state-level
issuers may use the proceeds to support additional counties and cities.
In addition to the actions described above, the Federal Reserve will
continue to closely monitor conditions in the primary and secondary
markets for municipal securities and will evaluate whether additional
measures are needed to support the flow of credit and liquidity to state
and local governments.
All of the facilities mentioned above are established by the Federal
Reserve under the authority of Section 13(3) of the Federal Reserve Act,
with approval of the Treasury Secretary. The Federal Reserve remains committed to using its full range of
tools to support the flow of credit to households and businesses to
counter the economic impact of the coronavirus pandemic and promote a
swift recovery once the disruptions abate. "
The Federal Reserve on Thursday took additional
actions to provide up to $2.3 trillion in loans to support the economy.
This funding will assist households and employers of all sizes and
bolster the ability of state and local governments to deliver critical
services during the coronavirus pandemic.
"Our country's highest priority must be to address this public health
crisis, providing care for the ill and limiting the further spread of
the virus," said Federal Reserve Board Chair Jerome H. Powell. "The
Fed's role is to provide as much relief and stability as we can during
this period of constrained economic activity, and our actions today will
help ensure that the eventual recovery is as vigorous as possible."
The Federal Reserve's role is guided by its mandate from Congress to
promote maximum employment and stable prices, along with its
responsibilities to promote the stability of the financial system. In
support of these goals, the Federal Reserve is using its full range of
authorities to provide powerful support for the flow of credit in the
economy.
The actions the Federal Reserve is taking today to support employers of all sizes and communities across the country will:
Bolster the effectiveness of the Small Business Administration's
Paycheck Protection Program (PPP) by supplying liquidity to
participating financial institutions through term financing backed by
PPP loans to small businesses. The PPP provides loans to small
businesses so that they can keep their workers on the payroll. The
Paycheck Protection Program Liquidity Facility (PPPLF) will extend
credit to eligible financial institutions that originate PPP loans,
taking the loans as collateral at face value;
Ensure credit flows to small and mid-sized businesses with the
purchase of up to $600 billion in loans through the Main Street Lending
Program. The Department of the Treasury, using funding from the
Coronavirus Aid, Relief, and Economic Security Act (CARES Act) will
provide $75 billion in equity to the facility;
Increase the flow of credit to households and businesses through
capital markets, by expanding the size and scope of the Primary and
Secondary Market Corporate Credit Facilities (PMCCF and SMCCF) as well
as the Term Asset-Backed Securities Loan Facility (TALF). These three
programs will now support up to $850 billion in credit backed by $85
billion in credit protection provided by the Treasury; and
Help state and local governments manage cash flow stresses caused
by the coronavirus pandemic by establishing a Municipal Liquidity
Facility that will offer up to $500 billion in lending to states and
municipalities. The Treasury will provide $35 billion of credit
protection to the Federal Reserve for the Municipal Liquidity Facility
using funds appropriated by the CARES Act.
The Main Street Lending Program will enhance support for small and
mid-sized businesses that were in good financial standing before the
crisis by offering 4-year loans to companies employing up to 10,000
workers or with revenues of less than $2.5 billion. Principal and
interest payments will be deferred for one year. Eligible banks may
originate new Main Street loans or use Main Street loans to increase the
size of existing loans to businesses. Banks will retain a 5 percent
share, selling the remaining 95 percent to the Main Street facility,
which will purchase up to $600 billion of loans. Firms seeking Main
Street loans must commit to make reasonable efforts to maintain payroll
and retain workers. Borrowers must also follow compensation, stock
repurchase, and dividend restrictions that apply to direct loan programs
under the CARES Act. Firms that have taken advantage of the PPP may
also take out Main Street loans.
The Federal Reserve and the Treasury recognize that businesses vary
widely in their financing needs, particularly at this time, and, as the
program is being finalized, will continue to seek input from lenders,
borrowers, and other stakeholders to make sure the program supports the
economy as effectively and efficiently as possible while also
safeguarding taxpayer funds. Comments may be sent to the feedback form until April 16.
To support further credit flow to households and businesses, the
Federal Reserve will broaden the range of assets that are eligible
collateral for TALF. As detailed in an updated term sheet, TALF-eligible
collateral will now include the triple-A rated tranches of both
outstanding commercial mortgage-backed securities and newly issued
collateralized loan obligations. The size of the facility will remain
$100 billion, and TALF will continue to support the issuance of
asset-backed securities that fund a wide range of lending, including
student loans, auto loans, and credit card loans.
The Municipal Liquidity Facility will help state and local
governments better manage cash flow pressures in order to continue to
serve households and businesses in their communities. The facility will
purchase up to $500 billion of short term notes directly from U.S.
states (including the District of Columbia), U.S. counties with a
population of at least two million residents, and U.S. cities with a
population of at least one million residents. Eligible state-level
issuers may use the proceeds to support additional counties and cities.
In addition to the actions described above, the Federal Reserve will
continue to closely monitor conditions in the primary and secondary
markets for municipal securities and will evaluate whether additional
measures are needed to support the flow of credit and liquidity to state
and local governments.
All of the facilities mentioned above are established by the Federal
Reserve under the authority of Section 13(3) of the Federal Reserve Act,
with approval of the Treasury Secretary.
The Federal Reserve remains committed to using its full range of
tools to support the flow of credit to households and businesses to
counter the economic impact of the coronavirus pandemic and promote a
swift recovery once the disruptions abate.
For media inquiries, call 202-452-2955 Term Sheet: Term Asset-Back
Re: Whence we go now? I have been asked by many, if there is an update?
For those of you who haven't followed me and my recommendations as to Stock Market direction:
I am only interested in Macro Moves; therefore day to day activity, for which Traders yearn and burn, I have no interest in.
Concerning Macro Moves I give a signal and then I shutup >>> until something changes.
Therefore on the subject of Stock Market Calls >> I don't engage in excess palaver as do most White Men.
So, I stick with my Bull Call of 3/23/20 for an Upside Rally that will surprise all Bears and new found Bears and all their cubs; and the Sharks of the Stock Market are now in the process of KILLING THE F_CKIN BEARS!
Another update will be forthcoming and I will see y'all >>> when that process is over.
Re: Market Makers >>> and Head-Jerking Crashes and Head-Jerking Rallies.
On 3/16/09 I gave an ALL Out Buy Signal, which I maintained through thick and thin - year after year - on the UPside until just last month!
Then I gave MY First All Out Sell Signal On 2/2/20 >> I said Black Swan = Sell Everything and buy Puts!!
I really took it on the chin on that one from absolutely everybody especially as the Market even rallied for another week?
But then the Crash of ALL CRASHES!!
Then on 3/23/20 >>> I said Sell ALL shorts and GOOOOOOOO LOOONG on everything = Everything!!
I really took it on the chin - yet again - on that one as well. But, then the Rally of ALL RALLIES >>> immediately commenced and it is still going strong and will get even stronger yet!
And all you guys: just see what they have in store for you on the UPSIDE >>> next Week; for, that is When the Bears and their cubs will ALL be carried out on stretchers!!
Now, Why did I see things?
I'll give a little hint here:
Many years ago when I was a Broker I had accounts that were personal friends of Joseph Granville; and I learned a lot and created an even more powerfully predictive On Balance Volume Metric!
My refined OBV Metric is finally tuned to catch predictively Monster Moves that have been set up in preceding days and weeks, either way; and largely weighted by opening and closing actions, because >>> that is where the Crooks of Wall Street Show their Hand !
As most of you reading this Blog have known for years: I have been Bearish on Gold for over six years.
But THIS IS A NEW DAY FOR ALL MONIES OF ALL TYPES AND >>> with the printing of Trillions and Trillions and Trillions of brand new $$$$'s for EVERYBODY: There is only one position to hold on Gold!
Bullish!!
And Goldman Sachs has just turned as well!
https://www.marketwatch.com/story/goldman-sachs-says-it-is-time-to-buy-gold-the-currency-of-last-resort-2020-03-24 Richard
RE: Posted 1030 hours >>These Guys Are JUST Too Cute!! This looks to me like there will be NOOOO additional trick to the downside!!
So, Just like it was Straight DOOOOOOwn from 28,000 on Dow!! Now it will be straight UUUUUUP back to 28,000!!
So, you have to reverse in this madness.
Sell all Shorts!!
And what ever your total position was to have been on the upside put in about 15% now and 15% (EDITED Tuesday After the SCR* Close!! Make this addition of your total Long Position >>> 25% with each day of gains over 1,200!! Because These F_ckers are obviously in one HELL of a HURRY before the Hoi polloi catch on!!)*** more with every additional 1,500 points they ruuuun the Dow!
In other words just as the Bulls were F_cked on the Crash NOW the BEARS will be totally F_cked on the Humongous Rally!!! Ain't they just too cute???
But, just wait and see what the COVID19
morphs into after this massive use of what
F_cked up US Troops in Vietnam fifty years ago!!
And then the world: PER >>>>> following US Army Doc that is decades
old and intentionally buried about the creation of
chloroquine-resistant Malaria!!!
WHAT they will be doing to all of the world's population NOW
with the creation of mutated and extremely resistant Covid 2nd
generation Virus will inevitably very quickly arise and therefore,
kill many millions more.
Re: the market and all players are right now being set up for a HUGE RALLY on supposedly Good News of a miraculous cure that will prove to be a HUGE BULL TRAP in the face of rapidly deteriorating economic fundamentals.
It is more than likely that the hydroxychloroquine Panacea will prove to be a disaster, as from its implementation there will arise a new generation of a new RESISTANT COVID 19!!!
And this new RESISTANT COVID 19, which will likely be raging in 12 to 24 months, will prove to be a greater danger for Mankind!
Nonetheless, it is now quite obvious what is right now being set up in the Markets; i. e. A HEAD-JERKING RALLY OF ALL RALLIES!!!
So, the Dow Jones is right now in a very critical area. IF further support is broken Tuesday, Wednesday, Thursday or Friday then everybody will conclude THAT ALL BETS ARE OFF FOR ANY LIFE IN MARKET IS OVER AND HELL IS SOON TO PAY!
So to trap the Bears, I would look for further penetration of support and more panic.
BUT THEN FIVE DAYS -- Per the following chart -- FROM TUESDAY (or roughly on SUNDAY) THE MIRACULOUS MIRACLE CURE WILL BE ANNOUNCED AND HIT THE MARKETS BY TOTAL SURPRISE ON NEXT MONDAY!!
And the following miracle cure will be the basis for a HUMONGOUSLY HUGE Rally to the upside! https://thearorareport.com/chart-analysis-stock-market-coronavirus-french-study-hydroxychloroquine-covid-19?mod=article_inline
But, don't forget, a nascent COVID 19 with longer term ill effects is still lurking! Just because the immediate respiratory distress is quelled by this cocktail DOES NOT mean that the other deadly weapons of this viral monster have been disarmed: those other silent aspects of the COVID 19 man-made viral hand grenade will be arising in subsequent weeks and months in all of us and will undoubtedly initiate more medical horrors.
And, of course, there remains two Black Swans in the Markets; i.e. Credit Crisis and OIL.
And the $2 Trillion Bailout will have birthed two new Black Swans of a massively increased Federal Reserve Balance Sheet and a psychically damaged consumer >>>> who will be ever on the watch for the COVID MONSTER!!!
Hey Folks, Re: So, I'm now asked, 'what do the Fed's Actions & Words of this AM really Mean?' Well, it's really really quite simple. And I wrote about it on my Blog back on 3/19/20 So, here is the relevant quote form that post on 3/19: I learned fifty years ago in land far, far, far away from this WORLD: When your superiors repeatedly ---
and with sweaty brow and shaking hands and shaking knees --- tell you ,
"Don't Panic" that >>>> that is exactly when you should be
gravely and seriously concerned and >>> take suitable and
measured evasive actions that others may interpret as panic. Translation: you are always obligated to FIRST >>>> SAVE YOURSELF AND THOSE AROUND YOU!!
Well, you look at this and then tell me: Is the Sky STILL Falling?
So, well, has my fear been finally realized? Actually:
No, the Absolute WORST, is yet to come!!!!!!!!!!!!!
But --- for paying viewers only ---- there are some absolutely GREAT BUYS OUT THERE!!!!
Great Fortunes will be made in the very midst of this economic, spiritual and physical chaos >>> on THE UPSIDE for certain stocks in certain industries
