Prior to this move we get a 94% down volume Friday 2 weeks ago and last Friday the SEC levels charges on GS. Now the SHANGHAI SSEC exchange is beaking down from a wedge formation and was off another 2.4% last night. China market made its last new high in AUG of 2009 ! 8 months ago.Since 1998 the US has gone from 30% of WORLD GDP production to 25%, emerging countries have improved from 22% to 31%!
China has moved into 3rd place behind US and JAPAN as most powerful nations, at this pace will overtake the US in 10 years. They have been using our $$$$'S to build their infrastructure and military, thank you fair trade status....thank you outsourcing, thank you manipulated currency.
Larger corporations are doing MUCH better than small ones and for one of the first times the ISM employment picture and the NFIB JOB picture are diverging.
More importantly, small businesses on the ropes CAN NOT GAIN ACCESS TO CREDIT!!! SInce 2007 this has fallen "off a cliff". SO the MOST POWERFUL engine of US economy for jobs and output have little plans to HIRE, can't get credit, putting off capital spending and otherwise rather gloomy....a sick dichotomy from the portayal in the US STOCK MARKET.
In every other past RECESSION OIL has plummeted and given big relief from energy prices and pump prices.......NOT THIS TIME, OIL hovering above $80 and PUMP near $3 !!! IMHO this helps to show the flow of stimulus cannot be controlled into productive means.
THE FED is purposefully pushing up prices or aiding such with 0% rates where they can.....thinking that HIGHER STOCK PRICES will make CONSUMERS feel good and they will expand credit and spend like drunken sailors again.....kick starting economy.......spending has improved , confidence languishes near historical lows and is WAY OFF where it should be comparing to any prior reading coming OUT OF RECESSION.
MOST BUSINESS opportunites surround anyone connected with or directly to the US GOVERNMENT, we do not have a balanced recovery or economy. GOV continues to grow, crowding out private sector.
Has the employment picture changed much during this historic stock market march?
Without government support and stimulus can the economy stand on its own 2 feet?
The SECULAR BEAR MARKET which began in 2000 in my estimation has not been allowed to repair the damage from prior bull market, heavy FED and GOV intervention have delayed the day of reckoning, and have resulted in 2 enormous bubbles bursting with devastating results.
What are current policies and ZERO RATES creating?
Duratek
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