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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 457.82+1.3%Jan 23 4:00 PM EST

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To: Cogito Ergo Sum who wrote (49608)5/4/2009 4:07:36 PM
From: energyplay  Read Replies (2) of 219674
 
I also found it was a bit emotionally difficult to sell today.

The first days of the month, usually days 3 to 5, tend to be positive because of monhtly fund inflows.

Personally, the last few times I tried to hold into late May, I got clipped slighlty by some small drops.

Almost every stock is heavily shorted.

However, there is lots of NEW bad economic news comming, valuations are not low.

Remember TJs chart of 1929 to 1933 ? Some big bullish zig zags in an overal bear market.

*****
Lots of short term props for the world economy -

China buying commodities makes them look better than they should - the end markets are still shrunken. Where is the copper going to go with fewer houses, fewer cars, fewer commericial buildings ?

The FED has made the financials look good by funneling huge money through AIG.

Consumer sales look better because of drop in gasoline prices, stimulus checks, and some Re financing of mortgages.

The rest of the year we will have a long hard slog until around Spring 2010. I expect some big sell offs between now and then.
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