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Read my previous post, I predicted a SPY turnaround at 110 and it happened. But still market is susceptible to another down leg to 103. I would take profits here and respect the markets. :D

Taking profits at this time is recommended. Markets are downside biased and this blip up is just a logical wave movement. 1020-1030 seems more appropriate area before a sideways or upwards movement. :D

i don't do the candlesticks but it looks like sp500 is due for another horrendous move down. may be down to 1000 to 1020 area. :D

my turnaround prediction was spy 110. if buy then hold on to the trade till 103, i.e. 7% stop. :D

It should all stop by SP500 at 1100. Good time to buy then. But be prepared for another downleg to 103. If buy at 110 then sit on it at 7% stop. :D

this observation holds some weight but let me tell you that any measure(s) taken will be 'painful' in the beginning and for a while. that is the law of nature. if US leaders and people think they can overcome the law of nature then all good for them. Remember, commies tried to change the...

most of the islamic countries have fridays and saturdays off. some come back to work on saturday and then take sundays off. there can be some arbitrage or forward indicator type opportunities but that is a matter of research and other studies. :D

Good reply Pitz, you see if US reduces the salaries of professionals then it will reduce the cost of goods sold and become more competitive and better yet stop importing from China everything from soap dishes to light bulbs. However, lower salaries would mean no more Starbucks coffee...

America needs to find $1T in savings i.e. budget surplus each single year to wipe out debt in 15-20 years. It is very possible but would require a 20% change in American way of life. US can do it if it wants to. :D

'Just to let everyone know BUBBLE ben bernanke doesn't have a fucking clue how to fix this broken economy' Just cut down on the EVILNESS that has become a prominent part of American mindset since 1980s. Win over the EVILNESS in thought, logic and actions and it will just be a decade...

That is only one part of banking package. If IR rise then Fed rates rise too and many other factors also. :D

S&P 500 to 1000 by fall Recession ahead oil prices going to collapse USD further to tinker into the tanker A big war with Iran/Syria/Lebenan is coming China going to stop exporting cheap goods to USA First it will be Deflation and then Hyperinflation. World and the US...

Faber's predictions should not be taken lightly. He has been proven right on major items in the past. :D

recession is around the corner. only hope that it is not a long one. :D thanks for the charts jullian and pattern39, very informative!

you should know that 'bastard politicians' want to spend more to give some juice to the economic growth so that they can get reelected to their offices. They fight for funding of the programs that come to their electorates.................and it does not matter if that funding is as a...

More trouble for US: China now downgrades its ratings BEIJING: The world may still be debating the consequences of the US federal government's decision to raise the country's debt limit. But China's State-controlled credit rating agency, Dagong Global Credit Rating Co., has cast the first...

Good post piezoe! that sets lots of economic theory arguments straight! :D :p :cool:

US Army is in the test mode right now. Let's see how soon it reacts to whip the 'bastard politicians' in line. It has too! :D

'Putin should spend time trying to turn Russia into a country that exports something other than minerals, oil, corruption and women.' You are correct partially. In order to seek a turnaround a nation's leader should look at both weak and strong areas. Seeing a trend in US...

This deal while buying some time for Obama to ward of recession and try to get reelected..................offer very little spending cuts that will cure the debt problem in the long run. Hard Pill is what is being avoided again. This is was not the deal for USA but for Obama's...