The sheeple are driven by this type of news:
story.news.yahoo.com
The financial world is driven by this, a good article:
story.news.yahoo.com
It still appears to me a most likely gen market scenario is a sharp bust down, followed by a good rebound ... maybe to similar levels where we are today or even a little higher, don't know that part with any certainty. The next most likely scenario would be gen markets are heading downtown here and now.
I don't see any way this market goes much beyond where it recently was, but I guess anything is possible. The financial wizards aren't gonna allow it, because they know the real story, which is trouble in river city. Real trouble.
The TNX is up decently today. There is a little gap just below so it may fall back and fill, but my read is it is that it will not go much lower from here, and it will soon move to upside and break 46 this run. That will tailspin the markets if anything will imo.
I've been traveling and visiting some plants, oil field stuff of course. Heavy duty, costly equipment. I've been inquiring about business. These plants like to have a several month backlog. My tentacles tell me orders are not coming in, backlog is drying up, and by maybe mid spring layoffs are likely to accelerate.
The next dip is gonna be for real imho, and very painful to many Americans. |
