SSEC Chinese market continued to sputter overnight, it last made a high in AUG of 2009 ! And is breaking down from a wedge patterm potentially VERY BEARISH and I am monitoring its action. Global reflation has been aided by Chinese commodity buying and their HUGE stimulus efforts...so why wouldn't their markets be rallying?
GS in the news, of course Blankfein is telling anyone with stone ears how they wouldn't put themselves in front of their clients needs....need I say more? that rhymes with WHORE
CAT earnings lauded even though sales were off near $1B...that's recovery?
PLEASE tell me WHAT bank earnings if MBS's were valued at TRUE market value?
ANything is possible and recovery could grab teeth and expand, but too many things do not fit and I am afraid when the smoke clears and the reality hits home.....ugly would be a kind word for it.
D
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment