This pig of a Health Care BIll is being hailed by one Harry Reid DEM, as a "bill that will SAVE MONEY (HA) and create jobs"(HA HA). How can he say that will straight face? OVER 2,000 pages long, baffle them with BS? If it costs (I'm sure this accurate...not) $800 B over 10 years, triple that, where is the savings? Must be my English....we'll find money to take care of another 30 M people...and well we'll SAVE MONEY!
NO imagine how the people voting for Obama must feel now or did they know they elected a Socialist candidate>? IT'S BEND OVER GRAB YOUR ANKLES TIME here come the NEW TAXES....and TAXES KILL BUSINESS.
The mkt seemed ready to heave today, is it misdirection Thursday? I know it's options exp Fri.
Then we begin week with JIGGY Monday.....maybe later next week, weak volume and momo divergences will matter.
WAY TOO EARLY to even contemplate NAIL IN BULL COFFIN TIME, I had felt SPX 1120 ish was going to be tested....
Some are calling this stage ONE of PRIMARY TREND (up), and if I just look at charts I could say YUP.....strong technicals.....but then I read stuff.....
It's gotten boring, but the US $ and MKT is as one....$ rallied AM UGH stocks fall...gold recovers, dollar rally fades...losse pared, end of story no other story.
Since we have detached from any reality.......how does one figure out what is going on?
Just decide if you think the economy is in revival mode.....and understand you are riding MOMENTUM, and it could run for a longer period, but it probably will end with a horrible thud.......cheap stocks no more....value no more IMHO
I am watching natural gas, it is looking to put in a bottom I think.....the refiners too...I'm on the snoop.
We've enterred a period of contracting credit, it may last longer than anyone thinks, I used the FED's OWN charts to show NO OTHER PERIOD since 1940's (how far chart goes back) had such a DECLINE in outstanding credit.
To understand MORE on long waves, this seems like a good site
KONDRATIEF WINTER you might have to back to 1930 to find other time in history where CREDIT WAS CONTRACTING......The Kondratieff Wave (start there)
D
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