BuSab Message Board - Msg: 28671907

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Politics : BuSab

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To: John Pitera who wrote (16947)	1/18/2013 9:09:33 AM
From: Jorj X Mckie	Read Replies (3) of 23934

Hey John, I have two scenarios for right now. One is generally sideways movement through June with a range of 2850 to 3200. The other scenario is more immediate. It has more of a blow-off top like appearance with a major move to the upside starting in the very short term. I know it doesn't make much sense, but I am not seeing any breakdown right now. Could it be that we are climbing a wall of worry right now? Logic would dictate that everyone is freaking out about their smaller paychecks. But this wasn't a surprise. It would have been priced into the market already. I don't know how we can have a bull going right now. Smaller paychecks, fuel prices rising again....The only thing that makes sense to me is that I expect continued downward pressure on the US dollar which makes the US market more attractive for trade and investment. In the end, I don't see how it cannot end with tears, but for right now I am not bearish.

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