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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (13175)6/7/2012 10:33:40 AM
From: Augustus Gloop  Read Replies (2) of 33421
 
I'm expecting BB to make QE3 overtures today with the intention of the mere suggestion stabilizing the market a little (we'll find out soon enough). I almost have to chuckle about "diminishing returns" - as if there have been any good, last returns from everything else we've done LOL. We keep talking about Europe as if our issues aren't the problem in this country. While we may be able to stabilize (short term) the markets by jawboning. I can't help but go back to the bearish numbers the charts were suggesting in 2009. Had those happened it would have amounted to about a 75% drop in the averages from their peak. I might be too negative but I see many of the same problems that existed then, today. Banks still aren't in great shape, I'm not buying the recovery in housing and to compound things we' added ......what is it now....5-6 trilling in debt? Because my perception hasn't changed I'm still very much in the camp that, regardless of who win in November, the bearish numbers I saw on the charts in 2009 are still very plausible in the next few years.

I dunno - I have no answers anymore. When I was younger I had them all.....the older I get the fewer I've got and the more questions I have.

Geez.....I'm starting to sound like a doomsday prepper
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