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Ah yeah Again & Agian….
I don’t understand, why does everyone treats any pullback as if it is the end of the world. We are back to where we were 7 trading days ago. Even if the SPY goes down to 138, its not that bad.
Looking at the IWM, it hasn’t even broken its very nice trendline.
classic jam
Sia oil is not back to where it was, natty gas is not where it was. The market is forward looking and the future is grim. I can tell you housing is way worse than I thought.
End of the world is soon! It’s not the end of the world yet, however based on everything that’s going on, dow could very well set up a head and shoulders pattern on the 5 year pattern here. There’s some support at 12,000… but if we come below that before the end of the year, here’s lots of momentum, and next support is 11k, my guess if we go below 12k, we’ll go below 11k
Support below 11,000 is 10,000, but their will be too much momentum, and support below 10k is ???
Fundimentally you have the government concelling how bad things are…
http://www.marketwatch.com/news/story/governments-numbers-racket-about-blow/story.aspx?guid=%7BF91A0843%2D69B4%2D4C0C%2D92CE%2DB835D9907945%7D&dist=TNMostRead
You have the baby boomers retiring, and the GOVT oweing them 1k a month EACH and there’s like 100million baby boomers. Do the math and it’s not good. It will mean hyper inflation, and the fed has already been leasing out gold to artificially manipulate the prices of gold…
And you also have taxes forcing people and businesses out of the country, flowing away from the US along with the jobs. And the US doesn’t play around, it takes the world down with them.