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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST

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To: carranza2 who wrote (75888)7/2/2011 5:36:03 PM
From: 2MAR$  Read Replies (2) of 217795
 
That DXS chart shows one sector they've had under their belts & kept kiting up propping up other indexes , one of the small benefits of spending trillions on defense last decade . After 10yrs of playing the the terrorist card the war-fatigue factor is certainly going to dominate landscape and there's going to be a pullback for sure . Yes we got OBL finally but at what cost and him sitting all the time right under their noses in a highly populated Pakistani high level military retirement community <vbg

One only imagine how this flies right over the minds of the average american , and what happened to all the rhetoric of withholding $3bil a yr aid to Pakistan ? OBL launched a terrorist strike that successfully accomplished its mission baiting us into spending trillions and he did it from a 17th century hole in the wall ..guess we can call it a success . But again its aided by our being the biggest sellers still of weapons & aircraft ...believe there's an $80bil order in from the Saudis for jet fighters which is factored in. Defense budgets & spending are the most egregious but so often been overlooked as its our one little special pot of gold that musty be maintained .

Well they can hope summer hiring will show an uptick next friday , that will be the important data ahead . We're still the biggest Casino in town and the Fed is keeping up pressure on Congress on the debt ceiling as they near Aug 2 and run out of legal room to keep borrowing & lending . Market's already factoring it in along with earnings but bulls once again playing a danderous game of chicken . There's more coming down the pike for the Euro , more of these risky patches to apply but China /Saudis are playing their parts bolstering things , which is what Bernanke mentioned months back -->that there were powerful unseen forces that would come into play and aid things after QE2 ended .
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