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The biggest interference is in the treasury market. The Fed, Bank of Japan, and other central banks have been buying up the treasuries and keeping a ceiling on 10-yr treasury notes at around 5-5.5 percent ever since 2002.
I am wrong today. I only shorted RIMM though. Haven't been stopped out yet.
You are way more experienced than me. I was looking at a much smaller picture. I was basing my potential shorts on media predictions of a possible recession.
I have two models, one that tries to forecast turns and one that confirms trends. The first is very bearish. The second is still bullish. It briefly turned bearish at the start of last week and reversed. Any shorter-term system is prone to having a good percentage of signals with small losses.
So far it's ugly today. Although the uptrend is clearly broken, I don't see a clean downtrend. Can helicopter Ben delay the inevitable? Probably. But I really don't know and don't care. I am still in RIMM, and CFC (shorted at 28) is looking better everyday.
There is " NOTHING " in place to make this economy get better.
Seven countries have abandoned the DOLLAR and gone to the Euro.
You need not worry about the burglar at your front door, INFLATION.
Your losing your family jewels at the back door of your house, it's called
the DEPRECIATION of the U.S. CURRENCY. The U.S. dollar has lost 35 to
40% of it's value during the last 4-years. And the dollar is still falling !
Don't run to gold. When the REVOLUTION starts, I'll bet my money on
LEAD.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,763,471 times
Reputation: 3587
The economy is on very solid footing and I do not see anything near a recession coming for NOW. I do see inflation creeping back in the economy which will evetually (in a few years) lead to a recession of the Fed fails to control it which they do not seem to be interested in doing right now.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,763,471 times
Reputation: 3587
Quote:
Originally Posted by Arduth Bay
There is " NOTHING " in place to make this economy get better.
Seven countries have abandoned the DOLLAR and gone to the Euro.
You need not worry about the burglar at your front door, INFLATION.
Your losing your family jewels at the back door of your house, it's called
the DEPRECIATION of the U.S. CURRENCY. The U.S. dollar has lost 35 to
40% of it's value during the last 4-years. And the dollar is still falling !
Don't run to gold. When the REVOLUTION starts, I'll bet my money on
LEAD.
The low dollar only affects you if you are buying imports or travelling overseas. The fact is that it is GOOD for our exports and for jobs because it makes our goods cheaper.
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Bank Holiday...it's coming
