Read update after close tonight...my DXD is on fire....I ead GS sent out letter to clients maybe GDP comes in at 2.7% tomorrow instead of 3.0 anyway.....spx is outpacing DOW on this retreat from sham rally
The downturn should last into mid to late November and then equities will mount -yes another rally - into early/mid Summer 2010 and then you will see a downturn to tell your grandchildren about.
I have a few friends calling for SPX between 240-400.....I think 400-500 possible, I also think lows will be tested....what I RATHER happen is to HEAL, to see economy improve and Americans put back to work and the pain to stop.
For that we need a whole slew of new leaders who will stand up for us, and not BS us...not present.
Sometimes the entire barn needs to be burned down before the new barn gets built.
We have a two party political system that is one monster with two heads. They are basically the same.
What will eventually happen is a third party system will take root in peoples total disgust of how they have been treated.
History has proven that happens out of Economic events. The US Revolutionary War and Civil War. European and Russian history are full of examples. Economic calamity leads to political change. Sometimes good, sometimes bad but nothing will stay the same.
There are still more good people than bad so the odds are good.
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6 comments:
RUT and GS are in downtrends.
Can you hint at what Lowry is saying now without giving away proprietary information.
Read update after close tonight...my DXD is on fire....I ead GS sent out letter to clients maybe GDP comes in at 2.7% tomorrow instead of 3.0 anyway.....spx is outpacing DOW on this retreat from sham rally
Nice work on the DXD.
The downturn should last into mid to late November and then equities will mount -yes another rally - into early/mid Summer 2010 and then you will see a downturn to tell your grandchildren about.
You should get a 15-20% downturn here.
I have a few friends calling for SPX between 240-400.....I think
400-500 possible, I also think lows will be tested....what I RATHER happen is to HEAL, to see economy improve and Americans put back to work and the pain to stop.
For that we need a whole slew of new leaders who will stand up for us, and not BS us...not present.
Sometimes the entire barn needs to be burned down before the new barn gets built.
We have a two party political system that is one monster with two heads. They are basically the same.
What will eventually happen is a third party system will take root in peoples total disgust of how they have been treated.
History has proven that happens out of Economic events. The US Revolutionary War and Civil War. European and Russian history are full of examples. Economic calamity leads to political change. Sometimes good, sometimes bad but nothing will stay the same.
There are still more good people than bad so the odds are good.
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