Monday, February 08, 2010

READ BETWEEN THE LINES


Had my bags packed for my guaranteed Monday rally, I am VERY dissapointed! What happened? No follow thru to Fridays miraculous comeback?
Total vacant housing units hit another all time high, and it's said "shadow Inventory" would DOUBLE foreclosures on market.
Consumers less 8.4 MILLION of them since 2007 top can't lift us up, can Gov spending and stimulus? hardly....and a weakass spit in bucket jobs bill wont do it either, my guess make it worse.
One way or another the historic debt bubble which has burst is going to work itself out, current efforts have only stalled the day of reckoning....and done LITTLE to eleviate the problems or stimulate the market.
If businesses had enough work they wouldn't need job credit to hire. ALL our efforts went into helping those who caused the mess and they go home with RECORD bonus checks and payouts....hardly seems fair.
At same time there is little SAFE HAVEN for money, cash and some say GOLD, though a recovering greenback may suggest gold will be under some pressure....though in LONGER RUN might win out over FIAT currencies.
WE went from giving credit to anyone with a face, to not wanting to lend to anyone that wasn't already rich....to not wanting to take a chance on almost anyone to those who might want a loan not wanting to ask for the loan and take the risk....what a mess.
IN a war we voted in a new guy to get us out is only getting us in deeper....and to cost of lives and money we don't have.
WORST SUPER BOWL ADS EVER, did they fire most of creative staff in downsizing?
SHipped off jobs ever coming back? then what? Force everyone into smart cars?
GOV data doesn't add up to historical trends...we getting jobbed, not getting jobs.
*late update
Stocks above their 10 day moving average fell to a LOW 10.97%, and volume dropped today from Fridays level. This tells me the climate is ripe for the market to try to rally.
Duratek

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