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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: sylvester80 who wrote (187175)5/24/2006 10:27:26 AM
From: Hawkmoon  Read Replies (1) | Respond to of 281500
 
Sorry boob. It was you who first mentioned the DOW being near a high as a testement to the lying fascist chimp's economy and avoided even discussing the NASDAQ and S&P.

No.. I stated that we failed THIS attempt to make a new high, BUT that the upward trend remains intact until we penetrate BELOW certain price levels.

In sum.. it's a consolidation until such a time as we see major long-term support levels violated.

Btw, CNBC just noted part of the argument I mentioned a couple of days ago about how the 10 year bond and the Fed Funds rates are almost equal.

They also stated that this situation may likely give the Fed the excuse it needs to stop raising interest rates.

And that, Monsieur Moron, should prove very positive for the stock market.

Hawk