SPX chart with some potential FIB targets IF a correction from MArch is in gear. Price around FED meetings can be very volatile, mabe by FRI the dust settles we will know more.JUMBO SIZED PROBLEM Insightful, real stats.
Go ahead and focus on a paltry but successful klunkers program of a few BILLION, what impact does it have on a $14 TRILLION economy?
Banks and ANYONE holding paper tied to mortgage market are not pricing these to market value so IMHO any earnings coming from same are worthless and fraudelent.
Japan has been MIRED in deflation for 20 years mainly because Banks did not excercise the demons and just held onto non performing paper and not recognizing its true value.
I think this market can go higher, I think this market is not for me, I think this market is way OVERVALUED based on 24 X SPX and div yield a stinky 2.75%....and FAKE earnings at that....now the CNBC shills come out in droves chirping about $72 SPX for 2010? How they gonna pull that off?
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