Todays buying interest could be said to be "anemic" and volume was LOWEST in the week. Where did the buying interest go?
Certainly some of the stimulus has hit road contruction and some of these companies are getting contracts and maybe hiring, spending some money. NOT enough to pull us out of this mire.
TOO many things going wrong and GOV getting TOO big, we already had promised MORE than we could deliver.
But in a society leaning toward socialism, this is what we will get. A more equal society? and one with a marked loss of living standards.
And if you think giving the FED more powers when it can't handle what it has is a good idea, I dont agree.
I think this is a topping pattern destined to break down HARD.....selling pressure from my subs which can be measured will be of great help.
JOB loss data at 605,000 was trumped by CNBC as a show it is moderating, we are nearer to recovery. Boy that's a wierd measurement.
D
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