Stock; Longer term I see us getting in trouble again, and think
a lot of people will be sorry they didn't heed the Fed warning.
Right now it looks like the market is going to fly in the face
of the fed and shoot up.
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Out side this market,
cbs.marketwatch.com
I'm not expecting any rally to last very long as that news is
digested, but it does look like we are going to have one.
To much has gone wrong, not only that oil went up first and
that just puts pressure on the rest of the market, people don't
seem to get it, but higher oil prices don't help things ,
it's like charging more for blood, to people who can't afford
to do with out it but don't have the money to pay.
( ASIA )
just about the time they get their head up, the oil
companies start bleeding them again.
That had a lot to do with what caused the big ASIA problem to
start with, if it comes back a second time what will happen
here.
Well last time we actually benefited short term from problems in
ASIA , it took a while before it came home to bite us, and that
could be repeated so while I'm over all bearish , it don't
mean we don't have more upside. Just that the next sell off
when it comes will be as big or bigger than last July & August.
Lot of things are setting it up, including the move to thinner
traded small cap stocks ( and that's a big one ) while they
can cause us to run up and fast, it's hell to pay when the
party is over as they crash much faster.
Last time the down spin started they had already sold off a
lot, and even then it was traumatic. I don't think any one has
seen how far or fast the market can crash when people try
to get money out of the smaller caps all at one time.
But for now it seems caution has been tossed to the wind.
Jim
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