YEEHAW CANDIDATES Message Board

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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Jibacoa who wrote (13768)	12/10/2005 12:20:48 AM
From: John Metcalf	Read Replies (1) of 23958

"At present, the DOW, the NAZ & the S&P are on a near term downtrend although the longer or primary trend of the 3 of them is still up." Sure, the long-term trends are intact. Looking a little further, ^DJI is retreating recently from a two-year uptrend, which has stalled at the 9/01 level. ^DJT is in recent decline from a two year double. This is possibly related to a ^DJC recent advance, following a double in four years. My own (sardonic) view is: How much more good news can be wrung out of a declining US economic situation? Dollar is FUBAR; gold is up; current account deficit is up; US budget deficit is up; consumer debt is up, underemployment is up; the US auto industry is in peril; retirees may not get what they were promised. OTOH, politicians are still telling us everything is wonderful and the future is great -:)

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