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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (67839)	11/6/2010 2:51:21 PM
From: prosperous	3 Recommendations Read Replies (1) \| Respond to of 217795

If I look at the Bombay sensex chart below, it appears that it is either headed for 14000 (double top) or 29000 breakout from a cup) from current 21000 (33% up or down). If Bernake is successful at what he is doing (reflating/inflating) it heads to 29000, if he fails in unexpected way heads to 14000 and then 8000. Even if the stocks head to 29000 it does not improve standard of living for most middle class Indians as they get eaten alive by inflation raging there nor does it help US middle class whose jobs/savings are part of the ether. So long as the world govts are bootstrapped to Ben's way of thinking, it is a fast race to the bottom helping only select few. It is indeed time to start making risky bets for people holding cash one way or the other as cash will not help if Benny succeeds and creates excess inflation. finance.yahoo.com^BSESN&t=my&l=off&z=l&q=l&c= Pandering to Wall street and stock markets will not improve the economy in US for a simple reason, it puts pressure on CEOs to show earnings growth, most of which is coming through cutting bottom line (since top line growth is not happening anytime soon with strapped consumer) which implies layoffs/offshoring etc. In a paradoxical way, if Benny fails and the pressure from wall street for earnings growth goes away, they will likely keep jobs locally and see some sort of stabilization in job market, if we keep diluting currency, driving stock higher, the jobs are not growing.