Thursday, September 02, 2010

THURSDAY MARKET WRAP


Dashed red line next resistance level near 1099.....then 1130. Volume this week extremely light. Price sitting on the 50 SMA.
The GOV data ISM and its relationship to the GDP would imply we should be closer to 5-6% GDP but we are at 1.6% maybe lower.....
Can the printing and the borrowing, adding more gov debt cure our ills? thought so.
I think we have a ways to go, hey how many times last 20 years did the Japanese figure they beat DEFLATION? their stock exchange was 45,000 in 1990, last night closed near 9,000
D

No comments: