whative - I can't imagine the dammage a tanking stock market would have regarding the elections to come.
Also, I have abandonned conventional TA a long time ago
ragingbull.altavista.com
and still haven't found a method yet for evaluating the markets.
Though, lately, my convicion is that we have a market for stocks, completely disconnected from the economy.
Hence, my bullishness. Licking my wounds, but glad not having sold in the "After market crash".
Too much citizens wealth is in this market, and any government will not accept to have those investors on food stamps: there is not enough money to pay for those food stamps.
Markets will be supported, one way or the other, IMHO.
Finally, there has been a global agreement on the Euro/Dollar disparity, good for 3% today. Let's see how it develops. Weak Euro fears could be whiped off by INTC earnings in a month from here.
This market is regulated, it will go up. No one country is rich enough to resist to a 1929-1932 type crisis. No one other country can afford that, risking a domino effect.
And, BTW, elections play is a fantastic play:
Gore was on Jay Leno's, CRA & MLNM are up more than 10%.
Next time Bush will come, and GS,NOC, LMT will be up: sector rotation.ROFL. |
