market down on retail numbers

[wimpy77]

retail was down 0.2%. this is the second straight month after march showed 1.3% decline. looks like the bears are back.

 

[DavidS]

retail was down 0.2%. this is the second straight month after march showed 1.3% decline. looks like the bears are back.

I disagree. We've gained nearly 2000 points in the past two months. That's A LOT. I wouldn't doubt there would be some kind of market correction after that.

 

[wimpy77]

first the first time in a few weeks i watched cnbc they had doug kass. he thinks we could see a vicious correction. i have read today people think we could see a 15 to 20% pullback but that we shouldn't retest lows of march. it was coming no doubt.

 

[Iriemon]

retail was down 0.2%. this is the second straight month after march showed 1.3% decline. looks like the bears are back.

As with the employment numbers, any down is bad, but being down only .2% is a lot better than being down 1.3%.

Hopefully a sign the this is at least the end of the beginning, eh?

 

[Iriemon]

first the first time in a few weeks i watched cnbc they had doug kass. he thinks we could see a vicious correction. i have read today people think we could see a 15 to 20% pullback but that we shouldn't retest lows of march. it was coming no doubt.

Lots of people think lots of different things all the time. I think we could see a 20 to 25% increase. So what?

Who is Doug Kass, this guy?

It will be hard to do it again and beat last year's surprises, but without further ado, here is my Surprise List for 2008.

Doug Kass' Predictions for 2008:

1. The Housing Depression of 2007 morphs into the Retail Spending Depression of 2008. Stubbornly high inflation coupled with a deceleration in the rate of job growth, which turns into job losses by midyear, and an absence of innovation (a creativity void in consumer electronic products and apparel), leads to an unprecedented and abrupt drop in personal consumption expenditures.

Wrong. No high inflation.

2. Under pressure from slowing consumer spending, disappointing capital spending and higher commodities, corporate profits drop 10% in 2008. Importantly, the pattern of economic activity grows increasingly inconsistent and lumpy, providing a difficult backdrop for corporate managers and investment managers to navigate.

Wrong. Corporate profits fell a lot more than 10%. The economic pattern wasn't lumpy; it took a nosedive.

3. The S&P 500 Index falls by 5%-10% in 2008, and 2007's laggards and leaders continue to be the same laggards and leaders in the coming year.

Wrong. The S&P fell by far more than that.

4. With a continuation of the credit and liquidity crises and an increased recognition that financial retrenchment will take years (not months), volatility pushes even higher. Daily moves of 1%-2% become more commonplace, serving to further alienate the individual investor.

Don't know.

5. The Federal Reserve embarks upon a series of moves to ease monetary policy in 2008. Nearly every meeting is accompanied by a 25-basis-point decrease in the federal funds rate even despite continued inflationary pressures.

Wrong. The Fed cut rates to almost 0 almost immediately. There have been little in the way of inflationary pressure.

6. Growth in the Western European economies deteriorates throughout the year, and the markets in England and France drop at twice the rate of the U.S. market.

Don't know.

7. The Chinese juggernaut continues apace and, despite continued protestations of a market bubble, the Chinese market doubles again in 2008.

Completely wrong. Chinese market fell 40-50% and was continuing to tank in January.

8. The Japanese market puts on a surprising resurgence as the world's investors respond to compressed valuations (vis-à-vis peer regions), reasonable multiples (absolutely and against Japanese bond yields), accelerated M&A activity, share buybacks and relative strong corporate profit growth.

Completely wrong. "The Japanese Nikkei suffered its worst year ever in 2008, losing 42% — the worst performance in its 58 year history. "
Japan: worst stock market drop in history | China and Asia Stock Alert

9. The administration's proposal to revive the housing market falls on its face (as the housing bust accelerates), and President Bush enlists a well-placed Democrat and former cabinet member to become the U.S. housing czar, who has the primary charge to propose and administer a massive Marshall Plan for housing.

Didn't happen.

Several high-profile housing-related bankruptcies occur in 2008, including Countrywide Financial (CFC) , Beazer Homes (BZH) , Hovnanian (HOV) , Standard Pacific (SPF) , WCI Communities (WCI) and Radian Group (RDN) .

He got Countrywide right, I don't know about the others, he missed several majors like Bear Stearns and Merryll.

10. Financial stocks fail to recover. No financial company is immune to the eroding market conditions, the spike in market volatility, the uneven direction in commodities and currency prices. Even the leader of the pack, Goldman Sachs (GS) , makes several bad bets in the derivative, currency and commodity markets, and its shares begin to underperform its peers as profit forecasts move lower.

The didn't fail to recover, they tanked.

Given his record, I'm not hedging my bets on Mr. Kass' predictions.

 

[Toro]

We're still in recession. The market has rallied 30%+ in two months. We're due for a pullback.

 

[Iriemon]

first the first time in a few weeks i watched cnbc they had doug kass. he thinks we could see a vicious correction. i have read today people think we could see a 15 to 20% pullback but that we shouldn't retest lows of march. it was coming no doubt.

Lots of people think lots of different things all the time. I think we could see a 20 to 25% increase. So what?

Who is Doug Kass, this guy?

It will be hard to do it again and beat last year's surprises, but without further ado, here is my Surprise List for 2008.

Doug Kass' Predictions for 2008:

1. The Housing Depression of 2007 morphs into the Retail Spending Depression of 2008. Stubbornly high inflation coupled with a deceleration in the rate of job growth, which turns into job losses by midyear, and an absence of innovation (a creativity void in consumer electronic products and apparel), leads to an unprecedented and abrupt drop in personal consumption expenditures.

Wrong. No high inflation.

2. Under pressure from slowing consumer spending, disappointing capital spending and higher commodities, corporate profits drop 10% in 2008. Importantly, the pattern of economic activity grows increasingly inconsistent and lumpy, providing a difficult backdrop for corporate managers and investment managers to navigate.

Wrong. Corporate profits fell a lot more than 10%. The economic pattern wasn't lumpy; it took a nosedive.

3. The S&P 500 Index falls by 5%-10% in 2008, and 2007's laggards and leaders continue to be the same laggards and leaders in the coming year.

Wrong. The S&P fell by far more than that.

4. With a continuation of the credit and liquidity crises and an increased recognition that financial retrenchment will take years (not months), volatility pushes even higher. Daily moves of 1%-2% become more commonplace, serving to further alienate the individual investor.

Don't know.

5. The Federal Reserve embarks upon a series of moves to ease monetary policy in 2008. Nearly every meeting is accompanied by a 25-basis-point decrease in the federal funds rate even despite continued inflationary pressures.

Wrong. The Fed cut rates to almost 0 almost immediately. There have been little in the way of inflationary pressure.

6. Growth in the Western European economies deteriorates throughout the year, and the markets in England and France drop at twice the rate of the U.S. market.

Don't know.

7. The Chinese juggernaut continues apace and, despite continued protestations of a market bubble, the Chinese market doubles again in 2008.

Completely wrong. Chinese market fell 40-50% and was continuing to tank in January.

8. The Japanese market puts on a surprising resurgence as the world's investors respond to compressed valuations (vis-à-vis peer regions), reasonable multiples (absolutely and against Japanese bond yields), accelerated M&A activity, share buybacks and relative strong corporate profit growth.

Completely wrong. "The Japanese Nikkei suffered its worst year ever in 2008, losing 42% — the worst performance in its 58 year history. "
Japan: worst stock market drop in history | China and Asia Stock Alert

9. The administration's proposal to revive the housing market falls on its face (as the housing bust accelerates), and President Bush enlists a well-placed Democrat and former cabinet member to become the U.S. housing czar, who has the primary charge to propose and administer a massive Marshall Plan for housing.

Didn't happen.

Several high-profile housing-related bankruptcies occur in 2008, including Countrywide Financial (CFC) , Beazer Homes (BZH) , Hovnanian (HOV) , Standard Pacific (SPF) , WCI Communities (WCI) and Radian Group (RDN) .

He got Countrywide right, I don't know about the others, he missed several majors like Bear Stearns and Merryll.

10. Financial stocks fail to recover. No financial company is immune to the eroding market conditions, the spike in market volatility, the uneven direction in commodities and currency prices. Even the leader of the pack, Goldman Sachs (GS) , makes several bad bets in the derivative, currency and commodity markets, and its shares begin to underperform its peers as profit forecasts move lower.

The didn't fail to recover, they tanked.

Given his record, I'm not hedging my bets on Mr. Kass' predictions.

doug kass is very well respected and called the rally in march and has made some good calls since then.

He sure had some stinkos for 2008. So I guess we'll just have to wait and see if he's wrong or right this time.

 

[wimpy77]

so did peter schiff. but tomorrow the tone will be set by the unemployment number. if it shows stablization i think we might see the market up tomorrow if it goes up more than expected down we go.

 

[Terral]

Hi Wimpy:

retail was down 0.2%. this is the second straight month after march showed 1.3% decline. looks like the bears are back.

Anyone thinking the U.S. Economy is getting better is looking through a pair of Loyal Bushie/Obama rose-colored glasses and has gulped down too much of their propaganda-flavored Kool-aid. Here are the sad facts that many of you simply wish to discount or ignore completely:

1. The USA has lost more than an average of a half million JOBS every month this year (2 million jobs gone in first quarter alone = NYTimes.com story).

2. Home foreclosures are escalating ‘higher’ (USA Today story = 341,180 properties in March alone) which is flooding the housing markets with an increasing number of distressed properties; which lowers the value of the mortgaged-backed security portfolios of all the banks.

3. Huge GM losses push automaker towards bankruptcy (WSWS.org story). The big automakers are going down, which means the service sector support companies will also be laying off more and more workers; which means this unemployment situation is going to escalate to new highs. "Chrysler Moves To Eliminate 789 of 3,200 Dealers" (story). Do "The Economy Is IMPLODING" Math . . .

4. Bankruptcy filings are soaring (HousingWire.com) all around the nation (up 85 percent in the Tucson area = story), which is eroding away the American Consumer Base and lowers ‘demand’ for all goods and services.

5. The Commercial Real Estate Bubble is Set to Burst! SeekingAlpha.com Story.

6. All of these things lead to ‘demand destruction’ for the Global Economy as a whole (GlobalEconomicCrisis.com story), as the banking systems in the USA and UK are “effectively insolvent.”

7. The US Govt has created “the biggest financial bubble in history” that “when it explodes . . . it will signal the END of the boom/bust cycle that has characterized economic activity throughout the developed world.” Gerald Celente Trends Alert story (here).

Gerald Celente >> “Washington is inflating the biggest bubble ever: the 'Bailout Bubble.' "This is much bigger than the Dot-com and Real Estate bubbles which hit speculators, investors and financiers the hardest. However destructive the effects of these busts on employment, savings and productivity, the Free Market Capitalist framework was left intact. But when the 'Bailout Bubble' explodes, the system goes with it."

All of the real U.S./Global Economic Evidence says the American Economic System is heading for a massive collapse, as the local markets are imploding a little more with every passing day.

8. The U.S. stock markets are losing all credibility, because day traders are ignoring all of the bad news that should be sending stock prices DOWN from January of this year. The recent stock market rally has been more about investors getting out of U.S. dollars (MoneyNews.com story), than any signs of strength in the U.S. markets themselves; as the deflationary real estate market (HousingPredictor.com story) is no longer a viable option for any sane investment.

The fact that we have day traders sending the price of oil ‘UP,’ over mere speculation that things are getting better, is a testament to the STUPIDITY of people without one clue. So gas prices are going up, when more and more people are filing for bankruptcy and losing their homes to foreclosure ‘and’ we still see record Outsourcing of JOBS ‘and’ we still have between 20 and 30 MILLION Illegal Alien Foreign Nationals running around ‘displacing’ U.S. workers from JOBS; which does not even begin to address the 1.5 MILLION Foreign National Guest Workers shipped into the USA EVERY YEAR to displace even more U.S. Workers from JOBS.

The stock market must eventually reflect the ‘reality’ of what is really going on, which means take your profits now (before the bailout bubble bursts); OR watch them evaporate into thin air . . .

Peter Schiff Was Right

[ame="http://www.youtube.com/watch?v=OsPgvNd066A"]Peter Schiff May 8, 2009[/ame]

[ame="http://www.youtube.com/watch?v=XIZgfj7W_rE&feature=related"]Peter Schiff May 9, 2009[/ame]

[ame="http://www.youtube.com/watch?v=azhvbJKOueU&feature=channel"]We Are In A Deflationary Depression[/ame]

[ame="http://www.youtube.com/watch?v=Pc6DGevJels&feature=related"]Jim Rogers Economic Meltdown Part 1[/ame]

Jim Rogers Economic Meltdown Part 2

GL,

Terral

 

[editec]

PART of the reason that the market is up is BECAUSE unemployment is ALSO up.

One of the quickest ways to make a company's books look healthier is to jettison the help.

In the long run that may be dumb, but the market has a six month prespective.

 

[Terral]

Hi Editec:

PART of the reason that the market is up is BECAUSE unemployment is ALSO up.

One of the quickest ways to make a company's books look healthier is to jettison the help.

In the long run that may be dumb, but the market has a six month prespective.

Thank you for helping to make my point #8 above that, "The U.S. stock markets are losing all credibility, because day traders are ignoring all of the bad news that should be sending stock prices DOWN from January of this year." Unemployment going UP by 600,000 workers EVERY MONTH is 'bad news,' that the idiot day traders are trying to interpret at 'good news.'

[ame="http://www.youtube.com/watch?v=nsnsdgPEDR8&feature=related"]Tim Geithner Does NOT Know What He Is Doing[/ame]

Jim Rogers is hitting the nail squarely on the head in saying that Tim Geithner and Ben Bernanke are ruining America.

[ame="http://www.youtube.com/watch?v=neNrW-XHmPs&NR=1"]Peter Schiff Says Ben Bernanke Is LYING[/ame]

The people manipulating the puppets in our Govt are destroying the USA very much on purpose . . .

[ame=http://www.youtube.com/watch?v=ncDpHrnSsqw&NR=1]Peter Schiff Demise Of The Dollar[/ame]

GL,

Terral

 

[Paulie]

We're still in recession. The market has rallied 30%+ in two months. We're due for a pullback.

Not just a recession, but the worst since the GD. We've come too far too fast and the profit taking is going to commence. There's really no reason for the market to have spiked as much as it did in that short of time, this economy is still hurting badly.

If you made money off of this rally, good for you. Take some off the table.

 

[Terral]

Hi Paulie:

We're still in recession. The market has rallied 30%+ in two months. We're due for a pullback.

Not just a recession, but the worst since the GD. We've come too far too fast and the profit taking is going to commence. There's really no reason for the market to have spiked as much as it did in that short of time, this economy is still hurting badly.

We disagree. The stock markets have spiked up because of all the LIARS talking up the economy ‘and’ gullible day traders swallowing those LIES hook, line and sinker. I will not repeat the points from Post #9, but the bankruptcies, foreclosures and massive unemployment KEEP GOING UP ‘and’ the demand for U.S. goods and services continues to GO DOWN. If you take a giant step backwards and look at the big picture, then you will see that the U.S. and Global Economies are IMPLODING, which the LIARS on the TV reference each time they mention a ‘contraction’ somewhere in the local economies.

Corporations are rewarded for OUTSOURCING our JOBS ‘and’ for importing Foreign Nationals (legal and illegal), which should tell you right off the bat that someone is destroying the U.S. Consumer Base ON PURPOSE. There is no way you can inject trillions and trillions and trillions of dollars into the U.S. economy ‘and’ see unemployment and bankruptcy and foreclosures continue to spike HIGHER, unless your New World Order Masters are doing these things deliberately and very much on purpose! Senor Bushie/Obama, Ben Bernanke, Secretary Paulson/Geithner and all of their New World Order supporting cast, producers and directors have mesmerized the masses into believing the U.S. Economy is getting better, when in reality things are becoming FAR WORSE and nobody can stop the Catastrophic Economic Collapse to save their own souls.

If you made money off of this rally, good for you. Take some off the table.

You are assuming that the markets will soon reflect the REALITY that the U.S. Economy is IMPLODING right before our very eyes, when the suckers deluded by these New World Order Puppets are inclined to believe just about anything. The Housing Market Fundamentals have been BROKEN for some time, which means there is NO BOTTOM; as fewer and fewer buyers continue to use the ‘distressed foreclosure housing market’ like buzzards eating the flesh from the carcasses of the New World Order victims. Go ahead and try to sell your house on an open market where 10,000 new foreclosures are taking place EVERY DAY to realize that nobody wants to pay a real market value for your house, when they can buy three distressed houses for the same price ‘and’ still have money left over. Rather than play the market fundaments, that are BROKEN, you have been playing other deluded day traders who ignore all of the bad economic news to keep dumping their devalued dollars into stock markets that must IMPLODE right along with the real U.S. and Global Economies. If the DUPED traders are buying Senor Obama/Bernanke/Geithner LIES today, like children eating cotton candy, then the market will go up and you can take profits later down the road. However, if these idiots with money in the stock markets begin to wake the hell up to reality, THEN you had better cash out now ‘and’ get your depreciating wealth into something other than U.S. dollars.

[ame="http://www.youtube.com/watch?v=USRv0O7fke0"]Wealth Destruction, Government Style . . .[/ame]

[ame="http://www.youtube.com/watch?v=gokf0dpE6XU&NR=1"]Jim Rogers Knows![/ame]

[ame=http://www.youtube.com/watch?v=f7R6vh0Mldo&feature=related]Wake The Hell Up Already!!![/ame]

The key to waking up is in realizing that the Economic Implosion is being orchestrated by New World Order Elites very much ON PURPOSE, so the U.S. Economy and the U.S. Dollar will IMPLODE in preparation for ‘replacement’ with something else. American wealth is being herded like cattle in preparation of driving the entire herd over the cliff . . . Watch and see . . .

GL,

Terral

 

[editec]

The key to waking up is in realizing that the Economic Implosion is being orchestrated by New World Order Elites very much ON PURPOSE, so the U.S. Economy and the U.S. Dollar will IMPLODE in preparation for ‘replacement’ with something else. American wealth is being herded like cattle in preparation of driving the entire herd over the cliff . . . Watch and see . . .

Hmmmm...

What an excellent conspiracy theory.

Consider...

Nobody in their right mind could have believed that opening up US borders to tariff free imports would be GOOD for the US economy in the LONG RUN.

Nobdy sane could possible believe that, folks. Anybody who gave it even a moment
's thought would realize that we would go from the world's largest credit nation to the worlds largest debtor nation in a very short time IF we allowed FREE TRADE to take over our economy...

..which we DID.

NOBODY sane could possibly have believed that the median price of a home in the USA could POSSIBLE be 555% the average American FAMILY income and THAT WOULD LAST.

NOBODY who was truly concerned about the American economy would untether the CREDIT INDUSTRY to allow them to charge any rate of interest they want (retroactively after the debts are assumed!!)

AND

change the personal banksuptsy laws making them harder on debtor at the same time.

Now all the above examples of failed policies that are not refutable. They happened, and they happened without doubt.

And please...do not try an tell me that EDITEC is the ONLY person who understood that the above three policies were BOUND to screw the economy. I simply cannot believe that the smartest economic minds on earth missed things that were so OBVIOUS that I saw them decades ago and started complainting about them and their unsustainablity decades ago, too.

So..

while I cannot sign onto terral's overall conspiracy theory because he ascribes motives which I cannot prove, and he names villians who I don't know enought about to make such charges...

What I do believe is this...

Some group with enormous power has SET OUT to bankrupt this nation.

This plan was not something that was done overnight.

It took THIRTY YEARS to bankrupt this nation, folks.

And it took a number of stupid policies in trade and taxation, and foreign policy, and banking regulations (or the lack of them) and credit laws and bankruptsy laws to get us to this state of affairs.

What we are facing right now is not merely an ACCIDENT of fialed policies and it is not merely a TRAGEDY OF THE COMMONS, either.

We are at a state of affairs which was CONTRIVED.

What we are witnessing, I think, is a COUP d ETAT conducted by economic means.

 

[auditor0007]

I've become extremely pessimistic with this bear rally.

Stocks still face deflationary collapse: Prechter | U.S. | Reuters


Stocks still face deflationary collapse: Prechter
Thu May 14, 2009 6:09pm EDT Email | Print | Share| Reprints | Single Page[-] Text [+]

NEW YORK (Reuters) - Longtime technical analyst Robert Prechter, who forecast the 1987 stock market crash, predicted this week that U.S. equities may plunge to half their lows hit in March as a deflationary depression bites.

Oil and U.S. Treasury bonds are also locked in long term bear markets, while corporate bond prices will plunge precipitously by next year as broad economy, banking system and company earnings sustain more damage from a financial crisis that's akin to the Great Depression, he said.

The U.S. S&P 500 stock index's rebound by nearly 40 percent since it sagged to a 12-year closing low of 676 points on March 9 is not sustainable, Prechter said in an interview with Reuters.

"It's not the start of a new bull market," said Prechter, chief executive at research company Elliott Wave International in Gainesville, Georgia. "Our models are (showing) right now that it is a much bigger bear market than most people realize, something along the lines of 1929-1932," he told Reuters in a wide ranging interview. "It's a very rare event," he added.

 

[Iriemon]

We're still in recession. The market has rallied 30%+ in two months. We're due for a pullback.

Not just a recession, but the worst since the GD. We've come too far too fast and the profit taking is going to commence. There's really no reason for the market to have spiked as much as it did in that short of time, this economy is still hurting badly.

If you made money off of this rally, good for you. Take some off the table.

Though the market is still down what, 40%? from its high. Its a spike from the bottom, but a long way from being a spike to the top.

 

[Paulie]

Hi Paulie:

We're still in recession. The market has rallied 30%+ in two months. We're due for a pullback.

Not just a recession, but the worst since the GD. We've come too far too fast and the profit taking is going to commence. There's really no reason for the market to have spiked as much as it did in that short of time, this economy is still hurting badly.

We disagree. The stock markets have spiked up because of all the LIARS talking up the economy ‘and’ gullible day traders swallowing those LIES hook, line and sinker. I will not repeat the points from Post #9, but the bankruptcies, foreclosures and massive unemployment KEEP GOING UP ‘and’ the demand for U.S. goods and services continues to GO DOWN. If you take a giant step backwards and look at the big picture, then you will see that the U.S. and Global Economies are IMPLODING, which the LIARS on the TV reference each time they mention a ‘contraction’ somewhere in the local economies.

Corporations are rewarded for OUTSOURCING our JOBS ‘and’ for importing Foreign Nationals (legal and illegal), which should tell you right off the bat that someone is destroying the U.S. Consumer Base ON PURPOSE. There is no way you can inject trillions and trillions and trillions of dollars into the U.S. economy ‘and’ see unemployment and bankruptcy and foreclosures continue to spike HIGHER, unless your New World Order Masters are doing these things deliberately and very much on purpose! Senor Bushie/Obama, Ben Bernanke, Secretary Paulson/Geithner and all of their New World Order supporting cast, producers and directors have mesmerized the masses into believing the U.S. Economy is getting better, when in reality things are becoming FAR WORSE and nobody can stop the Catastrophic Economic Collapse to save their own souls.

If you made money off of this rally, good for you. Take some off the table.

You are assuming that the markets will soon reflect the REALITY that the U.S. Economy is IMPLODING right before our very eyes, when the suckers deluded by these New World Order Puppets are inclined to believe just about anything. The Housing Market Fundamentals have been BROKEN for some time, which means there is NO BOTTOM; as fewer and fewer buyers continue to use the ‘distressed foreclosure housing market’ like buzzards eating the flesh from the carcasses of the New World Order victims. Go ahead and try to sell your house on an open market where 10,000 new foreclosures are taking place EVERY DAY to realize that nobody wants to pay a real market value for your house, when they can buy three distressed houses for the same price ‘and’ still have money left over. Rather than play the market fundaments, that are BROKEN, you have been playing other deluded day traders who ignore all of the bad economic news to keep dumping their devalued dollars into stock markets that must IMPLODE right along with the real U.S. and Global Economies. If the DUPED traders are buying Senor Obama/Bernanke/Geithner LIES today, like children eating cotton candy, then the market will go up and you can take profits later down the road. However, if these idiots with money in the stock markets begin to wake the hell up to reality, THEN you had better cash out now ‘and’ get your depreciating wealth into something other than U.S. dollars.

[ame="http://www.youtube.com/watch?v=USRv0O7fke0"]Wealth Destruction, Government Style . . .[/ame]

[ame="http://www.youtube.com/watch?v=gokf0dpE6XU&NR=1"]Jim Rogers Knows![/ame]

[ame=http://www.youtube.com/watch?v=f7R6vh0Mldo&feature=related]Wake The Hell Up Already!!![/ame]

The key to waking up is in realizing that the Economic Implosion is being orchestrated by New World Order Elites very much ON PURPOSE, so the U.S. Economy and the U.S. Dollar will IMPLODE in preparation for ‘replacement’ with something else. American wealth is being herded like cattle in preparation of driving the entire herd over the cliff . . . Watch and see . . .

GL,

Terral

Terral before we ever implode as an economy, we'd have to be beaten militarily. We have the most firepower, and therefore we will have the world's preeminent currency.

The only thing that might change that is if we go global communist and establish a single world currency. Something like that happening is certainly an area where you and I can agree on potentiality. I don't put it past the elite bastards one bit.

Will the Dollar take a beating when this inflation comes? Of course. It always has. Will we collapse though? I doubt it. Do you really think that the elites want 6 billion people staring them in the face?

 

[Paulie]

We're still in recession. The market has rallied 30%+ in two months. We're due for a pullback.

Not just a recession, but the worst since the GD. We've come too far too fast and the profit taking is going to commence. There's really no reason for the market to have spiked as much as it did in that short of time, this economy is still hurting badly.

If you made money off of this rally, good for you. Take some off the table.

Though the market is still down what, 40%? from its high. Its a spike from the bottom, but a long way from being a spike to the top.

That doesn't change the fact that it's come too far, too fast. It's what, the biggest 2 month rally in history, in the middle of the worst recession in memory? Something has to give.

 

[wimpy77]

there's going to have to be some catalyst to keep it running up and right now i don't see it. maybe we'll get some decent economic numbers over the next couple of months.

 

[Paulie]

I think the worst numbers have already been baked into the cake, so to speak.

I suspect the richest of the investors ignited this rally by going big and giving the appearance of momentum, as well as the shorts running for cover. I'd say the short covering is probably the biggest factor. This rally may be more of a correction to the upside than anything else, but it's still too much in this short of an amount of time. This coming trading week should shed some more light on where the market is probably headed. I've personally taken much of what I've had in, off the table. I've been playing with nano-caps and doing rather well. They aren't typically subject to the broad market moves as a whole.