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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (22026)	7/25/2011 2:34:42 PM
From: DebtBomb	1 Recommendation Read Replies (2) \| Respond to of 219715

Our AAA rating is gone, IMO. This bullshit has just gone on for too long. Over the next week we believe that the debt ceiling will be lifted. However we have gone past the point of no return regarding the debt downgrade. We fully expect the U.S. will lose its AAA status. This will add accelerant to the move lower in the USD. On June 8th, People's Bank of China Adviser Li Daokui stated the U.S. was "playing with fire" on the debt issue. (Click here.) We believe this has resulted in the burning of the U.S. curtain. The fire has been lit, and U.S. dollar weakness will now accelerate. seekingalpha.com It could mean.....15-20% interest rates $8/gal. gasoline stock markets collapse gov't collapses entitlements collapse riots, chaos, empty store shelves marshall law oil, gold, and silver skyrocket

To: GROUND ZERO™ who wrote (22026)	7/25/2011 3:20:19 PM
From: robert b furman	Read Replies (2) \| Respond to of 219715

HI GZ, I've been watching QQQ all day. Market opened down then rallied now getting weak. Thinking we might be seeing a c wave to finish off a correction in here. If we get a d wave then more down. More than likely any deal reached will be after hours no chance to hop on. I'm thinking we may just see this yoyo stuff for several days - I'm just guessing. If it gets really bad and bloody on a close - I'll most likely close my nose and buy some QQQ. They want to lead and did most of the day.Aapl hit 400 and pulled back.If we have have a good market I'm thinking these bigger tech and oils will lead us up as Dollar declines . No big trades from me - just a scalp into a scary close at best. Talking about less spendng and no taxes is a good thing in general. The noise is not looking at it that way. BWDIK Bob