Thursday, June 04, 2009

WEAK DEMAND, RALLY VERY TIRED

Just finished reading Stats from my Lowery's sub, and up is up my friends, but it is coming on punk volume, narrowing breadth, sluggish demand and maybe just more from a WITHDRAWL of heavy selling pressure.

I don't know exactly where this ends, but I still believe we are not in a new BULL MKT, we have a rally the best money out of thin air could create. The bond market seems SPASTIC.

Inching to new recovery highs on our tiptoes, not with a club in hand smahing our way through....too much does not add up to me.

My inquiring suspectful mind is wondering if recent action is attempt to prop up the market ahead of tomorrows employment report...or call it unemployment. CAN you believe the numbers are still coming in over 600,000?!

2 great pieces to read

TOO FAT TO FAIL

"Studebaker, Nash-Kelvinator, Packard, Hudson, Stutz, Pierce-Arrow, Stanley, Checker and American Motors were once household names of the U.S. auto industry. Unlike General Motors in our time, they were not too big to fail. Despite mergers and rescue efforts by their owners, each was shut down. Their legacy lives on as classic cars, restored with erotic affection by collectors.
GM's end is different. In the spirit of the new age, General Motors, like Citigroup and AIG, will be kept alive in an industrial coma. One has to ask: Is this where the entire country is headed? Since January, it looks like it is."

Time to end AGE OF THE DEAL
"If there is any overarching goal for President Barack Obama and Congress as they face economic and fiscal disaster, it should be to end the Age of the Deal."


Duratek

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