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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (265805)	8/2/2010 11:14:06 AM
From: TH	Read Replies (4) \| Respond to of 306849

DOW, Oil has failed to hold this level over the past few attempts. I think it is highly unlikely it will this time. Sweep Euro problems under rug. Check. Wack Gold. Check. Wack Dollar. Check. Jawbone QE2. Check. Jam futures and rally with HFT on low volume. Check. Because, Greenie says a high market is good and IS the economy, essentially. And today Ben sees consumer demand returning based on wage increase, but 100,000 jobs ain't gonna cut it. Well Ben, which is it? Do we get more jobs or just wages increase for those with jobs? Seems a disconnect to me. Bulls will tell me I'm just a pessimist. Hmmm, I'm not a pessimist at all. I try to look objectively at the data and the macro trends. The bulls tells me that they see what is coming and that is why the market moves up. Well, OK. Sounds as good as anything else I've heard. Up is good. Up helps the economy. And besides, if you are holding cash, Bennie is going to steal a little bit from you everyday. It is all he knows how to do and all he can do. Ten below three, still. Gold is not doing anything significant with the "flood of dollars" coming and major miners are in the red. My guess is that we are near a top, but I won't add to my positions, for to do so I would have to base that decision on fundamentals and that is not allowed anymore. GT TH