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The key word is spend. What if consumers stop spending the money and start saving more? Actually the more realistic example is going to be consumers stop spending more in order to pay off their debts. I think thats what will happen in the future.. similarily to Japan.. although not to that...

If the violence escalates.. we could have around 200k troops in Iraq... that alone cost houndreds of millions a day to finance.. also we are responsible to rebuild all the crap we are destroying. The longer this war will take.. the worst it will be overall. The best approach would be to...

What is your risk to reward? So u are playing an overnight gap? Doest make much sense. --MIKE

When all is said and done... I bet Iraq will cost us almost $1tril a year. --MIKE

I have noticed the engish people appear more tuffer and thicker skinned.. they have more of a serious approach to life... does this have to do with the cultue in the UK? --MIKE

As usual Waggie gets super bullish right before a nice selloff. Great contrarian indicator. I was thinking of buying gold now.. do u think it will tank much further? --MIKE

The beauty of the stock market is that it tops out right when things look its best.. as Waggie chearleads... and it begins a stealth rally just when things look their worst and everybody gives up. --MIKE

Keep on pumping up the market as all the good news comes out. Funny how the nasdaq drops and S&P's give up most of their gains into this great news. Waggie just keeps on hyping up the numbers.. he would make an excellent commentator on CNBC. Everyone knows the economny is firing on all...

U know whats really annoying is how some people look at these market wizards as if they are gods or some type of idol. PTJ said this and he said that... wow... like that junk is really gonna make me a great trader. So PTJ said cut losers fast... u learn more from mistakes... wow.. ground...

THe fact that u are hyping up the economy is a good contrarian sell signal to dump stocks like MMM. Reminds me of your last post when u hyped the metals like PD. http://www.elitetrader.com/vb/showthread.php?s=&threadid=27872&perpage=6&pagenumber=1 When people like u start to hype things...

There are such things as sector etf's.

Assuming the market makes a new leg upwards and takes out the 52 week highs.. what stocks will lead? The only stocks that I see doing well are the medical/bio. --MIKE

I would atleast wait for a rally to short SMH.

If u are gonna play that pattern.. might as well use the SMH same thing.. --MIKE

A real American hero. I hope they make a movie/book about this guy. He will always be a legend. Great example of a hero.. and I hope others get inspired from his heroism and sacrifice. --MIKE

U should work for CNBC and pump penny stocks for them. ES a whopping a 2 points after blowout earnings. I remember when u were pumping AA.. that was a great sell signal. --MIKE

I am building another big short in the IWM at 118ish. I would like to avg. my cost in the 119$ range on the IWM. --MIKE

Its interesting how the market fails to make new highs on the indices as companies are blowing out earnings. As rates will go up.. it will be very hard for them to beat these numbers next year. This quarter and probably next qaurter will be blow outs.. its pary time just like 2000. --MIKE

Exactly.. keep on fading the extreme moves. Just make sure u avoid volatile stocks because the momentum can be crazy. Stick to the major indices especially the SPY or DIA because they are the choppiest. Take note to funemental data and reports because market will be very whippy. --MIKE

Sees households in fine financial health and no inflationary pressures. Mind boggling!! What are the feds smoking? Do they drive cars.. or ever go to the hospital and dentist? Grocery shopping, pay tuition, or own a house? Geez... do they get 20 different credit cards in the mail per a...