ES Journal Archive (2006 - 2008)

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remember the mrkt trades 6 months ahead of todays economic status, it is possiblw that the worst is behind us, that the funding for the support of the majority of econ problems has been put up
 
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remember the mrkt trades 6 months ahead of todays economic status, it is possiblw that the worst is behind us, that the funding for the support of the majority of econ problems has been put up
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As much as I would hope so, there still remains the problem of the housing ATM being decapitated. The fuel for excess spending no longer exists. All we hear are reports addressing the bandages for the institutions, housing devaluations and credit program eliminations in certain areas of the country point to a lack of borrowing and spending that will take some time to return.
 
So you guys thing it will have enough momentum to break through the resistance around 1374 or think we might see some pull back on Thursdays earnings including Merrill's estimated 8 billion in write downs?
 
i'm no mrket genius,very obvious lately according to acct balance,but the mrkt always supplies daily or weekly data when it is trading 6 months out, it's necessary to be that far ahead of the market when u have to move the cash quantities that they do, so yes i think we will get to 1415 by mid may and then they will be telling us how the bad news is behind us setting us up for a decline in the late summer,early fall,recesssions last 10 - 12 months and after 6 months we are on our way out of them,oct,nov,D,J,F,M,six months, so it's half over
 
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