Wednesday, December 24, 2008

CONSUMPTION and SPENDING COLLAPSING

http://briefing.com/Investor/Public/Calendars/EconomicCalendar.htm (economic calendar)

Earnings fallings, consumption plummeting, jobless claims soaring, durable goods declining (less than expected? but last month revised sharpl upward, a wash)

this CANCER is spreading, if Real Estate and LOW LOW int rates were working than the home inspector guy I met last night would not be telling me his biz is near non existant.

How do you refi low rate if home purchased has fallen well below orig value?

WHO will buy a house when unsure of job status?

Most mechants out right scared not of xmas but of sales in Jan-Feb.

WHO is running to JOS A BANK stores for 50% off sale when next week they'll have another one?
ALL cutting ad expenditures, some papers combining news resources to save money.

AT $37 oil Obama will be throwing money at alt energy?

10 yr near 2% !!! man is that a crowded trade!!!! not for me....another BUBBLE!!!!???? the worst yet???

MANY I talk to and it is so sad, have lost 50% in IRA's, cannot afford to retire.....and do they realize the blame rests on SEC and FED?

This mkt could collapse any minute, watxh 850 SPX and 8300 DOW levels...VIX holding above 40.

I was only among handful warning summer of 07 a bear was approaching, please stay with me.

D

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