This is where I think we're headed, descending blue trendline near 8400. News this AM that "sparked" the rally was UPGRADE of GS and expected GOOD earnings from Banks, so we have "turned the corner".Like I said, amazing how good earnings can look when you dont have to report your assets at current market value. Tax receipts have plummeted, job losses in private sector as companies grapple with slowdown. But what does Government do? Increases spending, adds hires, gets bigger.....that makes sense.
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2 comments:
yo dude buy the dips... better than a savings account!
WHY would I BUY THE DIPS when INSIDERS are SELLING into this rally at similar clip to 2007 market top? what do they see? or not. yo dude, good luck....there is this old saying a "fool and his money soon departed"
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