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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (84775)1/3/2009 6:50:43 PM
From: Real Man1 Recommendation  Read Replies (1) | Respond to of 94695
 
Things do look very grim, but the market has been up since
November lows and just made a new trading high for the move.
So, we are in a rally mode, a pretty decent bear rally already.
The only question is where it ends.

FWIW, stocks rally a thousands of percent per year
in Zimbabwe, even though the economic picture could not be
more grim. We may have a similar story here - the Fed
devalued the currency by 50% already, so Spoos now have to
rally 100% to 1800 just to preserve purchasing power. -g-

Message 25294890



To: carranza2 who wrote (84775)1/4/2009 1:46:31 PM
From: Casaubon  Respond to of 94695
 
haven't you ever seen a stock rally on news of a large lay-off? If the big three were suddenly unburdened from union labor, wouldn't you expect the balance sheet to improve, thereby laying the groundwork for a rally? Reigning in labor costs is part of the healing process.


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