Thursday, August 26, 2010

AN OMEN

"HINDENBURG OMEN SPOOKS MARKET" I'm not much for exotic technical analysis, and when it hits the front pages of YAHOO, I'm even less impressed.

If I was a bullish sort thinking of all the possible reasons to buy and hold stocks, I would be at a loss for finding a good reason to do so.....even with 2.4% 10 yr rates! now that is rather scarey....and more and MORE people NEED some return....it is OBVIOUS to me these low rates are hurting more than its helping......lowest mortgage rates in history.....sales near the same.....conservative Americans royally screwed....they do spend the interest many have forgotten...but now there isnt any.

GDP tomorrow will be putrid IMHO.

D

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