Tuesday, October 06, 2009

BROKEN OR BRUISED?


SO Australia, we all know how important it is to world's economies? takes back a hair of rate folly and well you add that to the ISM report yesterday and you get? MORE GREEN SHOOTS! HOT DAMN!!!
Futures indicate a jiggy open to within whisper of the underisde of trend line I drew from the March lows. IF this means anything, the trendline and the fact prices for the first time since March fell below, a rise to TEST IT IS QUITE NORMAL....and who knows maybe even recpature it.
As a GAP UP is in the cards, I'll do nothing until I see what happens, a plan at least.
ANd from Janet Tavakoli "One cannot cure a debt problem by going further in debt. It's as simple as that."
Duratek

4 comments:

Anonymous said...

A 4th quarter perspective -

http://finance.yahoo.com/tech-ticker/article/348944/The-%22Real%22-Economy-Is-Dying-Q4-%22Going-to-Be-a-Bloodbath%22-Whalen-Says

D said...

DID you notice how auto sales crumbled to 2nd worst on record AFTER klunkers was lifted? THere is NO economy without intervention, and the rela problems have nOT been dealt with.

Anonymous said...

Yes - and the 8K giveaway for first time homebuyers ends in November.

D said...

WHY not just print more money and extend it forever? WEAK $, GOLD SOARS....mkts rise...thats good for economy? NO it's good for the insiders.... so we just print our way to prosperity..welcome to zimbabwe usa