Saturday, July 24, 2010

2+2 DOESN'T SEEM TO EQUAL 4

STRENGTH IN SHORT TERM ACTION MOVES (new high for the move), but not in any of the other areas, stock prices, AD line,
net volume or net points, NY comp, NAZ, financials.

Troubling to me is continued pattern of rising volume on selling, and waning volume on rallies, almost without fail.

Pattern of plethora of 90% days almost makes them useless tool.

How can this be buying opp of lifetime?

How can economy expand under current environment of collapsing loans and loan demand? Credit mkt debt at all time highs as % of GDP?

Should 10 yrs be under 3% here in the new bull mkt? Should housing register worst ever in history month of sales?

What drives economy without big recovery in employment and housing near its bottom? Expanding business credit?

ECRI index below -10%

BDI back to 1700

36% Americans not contributing to 401K’s.

Banks BS earnings based on fictional acct …and its contribution to SPX earnings…

This is new bull mkt?

IMHO maybe traders mkt for those who can swing with the tide.

D

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