Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: carranza2 who wrote (90215)	9/6/2009 8:18:41 PM
From: stockycd	Read Replies (1) of 94695

I respect Jim but man, the job picture is absolutely horrible. There are a couple of indicators within the jobs report that lead instead of lag--like the "hours worked per week" number. NOT MOVING UP. Cash for clunkers will just end up being a government sponsored inventory drawdown. I honestly believe that every popular news outlet is trying to put the most positive spin as possible; to try and get people to be optimistic.....We may see flat to slightly positive 3rd Q but 4Q will be horrible. The bond market shows no signs of a recovery, the stock market is just on some patsy snapback rally from the abyss. Everyone knows that fair value for the S&P is way below where we are now. It will be an "everyone to the exit" rush when the selling starts. I'm all in the stock market when the FED starts hinting at putting on the brakes, not before. cd

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