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Old 01-08-2009, 07:14 AM
 
458 posts, read 701,084 times
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First of all volatility appears to be coming back after taking a Christmas break.

I think there is a chance we break to the downside, make new lows over the next couple weeks. I shorted the market the end of last week. I agree after that we may get an inauguration rally for a few days after Obama is in.
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Old 01-08-2009, 08:26 AM
 
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I think people are already realizing that rhetoric isn't results. Every week, the party line is it's going to take more money, more time, more bailouts, more yada yada yada. Nobody can put a "when" or "how" on all those "Yes, we cans" and I agree that the market is going to respond with a thud once the pomp and circumstance ends and the reality is still the same.
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Old 01-08-2009, 09:10 AM
 
19,123 posts, read 20,697,215 times
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You can't start the "debt cycle" again when people already have too much debt... an economy based on debt is GOING to fail when debt reaches a certain threshold... and no amount of hocus pocus is going to make that debt vanish... You can give them a little bit more money but that is NOT going to solve the debt ceiling... I blame the government for putting us on the debt economy and Americans who weren't really "regulated" on what they could spend on.... They are crying for stricter regulations on companies... when it should be stricter regulations on how the American people spend and save... the politicians are sneaky though... they are introducing legislations on business to make people save... hehehe... a little sleight of hand...
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