Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: profile_14 who wrote (13406)	6/17/2009 3:51:27 PM
From: profile_14	1 Recommendation Read Replies (2) of 13449

Now that we did dump hard into early March and bounced equally hard for 3 months, I think the odds are we fall again and test near the lows. All is not well. Last I checked we are still losing jobs at a record clip despite what bubble-vision media report and despite all the wishful thinking by long-only managers who got burried and are now on TV prognosticating about the green-shoots (more like poison ivy). They were wrong all of 2007 and 2008, and now that we are in this pickle they want us to trust them -- not. We are not growing, but still contracting. How this can be a positive for a 40% move in the index off the lows is beyond me with rising rates and taxes and deficits, but heck, the consumer confidence figures track the "feel good" feelings related to stock market moves, sucking everyone in once again just to drop them hard. I believe we are in deep doo-doo for some time to come -- years. I would like to pick up hard assets after a considerable pullback this summer early fall, if we get one because despite what the liar CPI/PPI figures show on TV, inflation is upon us and fast IMO.

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