Friday, July 11, 2008

MARKET ALERT

http://research.stlouisfed.org/publications/usfd/page3.pdf not growing fast enough.

Dow has briefly broken below 11K, yes 11K, the decline from MArch has been precipitous.

Break in oil rise last week fed a weak rally attempt, now its $10 higher and at new record highs, we aint going anywhere with $140 plus oil....question to ask when is it baked in? when PANIC buying returns.....

I AM looking for some kind of bottom (short term) to come in here.....if today is 90% down volume that or one more might do it......will 11K be the # to put up a bull fight? battle raging now

amazing action folks.....and I still think we have ways to go, this stop is not the garage...

D

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