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

To: Gary105 who wrote (39143)	10/19/2012 9:19:33 AM
From: GROUND ZERO™	Respond to of 218846

Just by the way, if this market breaks down below the recent lows and I get a main model sell signal, then I would think we would see a much more severe decline... much more than just another dip... I'm not suggesting a crash, but a much deeper and more extended decline... but, of course, this market first has to break those lows... at this point it's just a big IF... GZ

To: Gary105 who wrote (39143)	10/19/2012 10:24:22 AM
From: Kirk ©	Respond to of 218846

Thanks for your thoughts. I think the only hope for the markets in 2013 is some sort of compromise before the fiscal cliff comes where we have "some" tax increases for "the rich" while those making under $200K have their Obama and Bush tax cuts made permanent. I think most of us in the "middle" that pay taxes and get next to nothing on the fixed income part of our portfolios spend less than we would if we were confident we wouldn't need the money to pay for soaring taxes next year along with inflation running higher than salary gains. Inflation here in the SF Bay Area was announced as 2.8%, our politicians want to raise taxes at state, county and city levels for many cities this election... I think most large metro areas (blue states especially) have similar problems.... so having some relief and certainty on the Federal tax level would help consumers. EVERYONE knows we are in deep doo-doo so perhaps the markets are already discounting this and they will surprise us when W8 comes out and all sorts of new devices with better performance than the iPad at lower cost points come out.