Mars or Bust

---

Unlike the stock market which dropped over 2% this week and thus far has failed to reach ignition since QE3 was announced, Dragon, the SpaceX rocket took off this this week and successfully docked with Space Station ahead of schedule.

While on a recent trip to LA, I was fortunate to experience an evening tour of the facilities where my nephew was recently hired by SpaceX as one of their elite team of software engineers working around the clock to ultimately colonize Mars. It was amazing to feel the pulse of the old Boeing plant buzzing with hundreds of employees from machinists to rocket engineers working as if on a "Mission from God" - to borrow a quote from the Blues Brothers. The "plant" not only manufactures the physical rocket, but engineers the software and controls its mission right here in the US.

Elon Musk, the 41 year old multi-billionaire founder of SpaceX, Pay-Pal and Tesla Motors (whom the Tony Stark character from Iron Man was modeled after) has accomplished what few could even dream of. He has created SpaceX, a successful private company in an endeavor that only few countries even enter. NASA has had to relinquish many of its Kennedy era initiatives for lack of funding and because running NASA became too expensive for the government. NASA turned to private companies to get things done on time and within much smaller budgets. Enter SpaceX, a company founded on the belief space colonization is imperative as planet Earth is not a long term solution for sustaining mankind. Musk believes colonizing other planets is key to survival of the human race.

In a recent interview with the LA times, Musk, who was born in South Africa but emigrated here, said that the United States is still the best country to build such companies. He should know as he has built several. Just a few hundred yards away from SpaceX's LA facilities is his other big project, Tesla Motors (TSLA) a cutting edge electric car company. The two companies combined now employ over 4000 people and continue to grow.

Stepping back from the political rancor engulfing us, the US is still the best place to be an entrepreneur and innovate, and that's not my opinion but the opinion of one of the world's top visionaries.

Meanwhile, the stock market is testing critical levels, with a coincidence of Fibonacci levels and key moving averages so it's now questionable as to whether QE3 is working or Bernanke just threw kerosene on the existing debt fire. While the fiscal time bomb is ticking away and another downgrade of US debt is in the cards, it would be nice for Capital Hill to get itself together before SpaceX and Musk leave for Mars. Heck, if Space X can colonize Mars we should be able to get our finances together.

Don't miss this week's video where we review key markets and critical levels to hold.

And be sure to subscribe to our YouTube channel here and get all of our free videos as soon as they’re released!