Well Sorry kids, looks like we have a bit to run..... it's possible that the wave will fail.
Slowing Consumer
Slowing buisness
Credit defaults Credit cards,
Shitty Earnings
This is nuts!!!
If my chart sucks too much... We are again in the third wave
6 comments:
Pretty sad rally after Bernanke promised to bail out the market, especially the profit taking in the last half hour.
Sick, sick tape.
Lower the Fed rate will only result in another bubble, with a higher unemployment rate and cautious consumer spending, just cannot stand with yesterday rally - a nice dead cat bounce.
Also, only idiot will buy call at this moment
Morning All,
Working on some charts.
Very 3rd wave yesterday,
Now we are just looking for a turn.
even with down 60 futures, Either we will retrace 40 pts of it, or all 60, or we make a new high... at 1470 I'd go entirely short with all my cash. take a good position at 1450
Guy, i have a question - don't you think we are in a recssion or only have a slower growth?
I read many articles and heard analyst comment and they did have different view, some are bullish - only slower growth and probably will recover by Q3 2008 as with election year and some are bearish - already in recession and no surprise S&P will back to 880...
I want to hear your view on this...
LOL, oh... I see something worse than a recession.
I see a period of stagflation for about 3-5 years, starting a year ago.
I see Inflation in '07 at 15-25%
O6' was 8%
08' is setting up for 20%.
Using these inflation figures against GDP, we have been in a recession since 2006. Since August we have hit the beginnings of a Depression, That Economic Depression will hit it's maximum end of 08. Q1 2009 we will start to recover.
We will Wish for a good Recession by the time this is over....
But... A small recession is priced into the market at this point.
Post a Comment