ES Journal Archive (2009 - 2010)

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if big ears does not shut his pie hole...we will stay down....lol....trading is a wonderful business...but we need to see the big turns like a few back..nq..es? ..see spot run downhill....just kidding...but still true......sometimes when we get mad we decide to look closely and prove another wrong...sometimes another is correct... then we see the correct answer appearing the exact same as first correct answer until we have to say "how often is this correct"...then it becomes "when is this going to be incorrect"?
 
The real contraction is far from done, as, the gov't still has trillions more of stimulus packages to pass.

The gov't will try to implement price controls in frozen markets. Price controls will create shortages, shortages will create more panic, this is just the beginning.
 
go hit your local mall...shopping center.. and spend a whole day looking through stores.. and lines.. and checkout lanes..


you will learn a ton.

money is flowing through the system, its just sidestepping the non essentials.
 
Quote from Spectre2007:

go hit your local mall...shopping center.. and spend a whole day looking through stores.. and lines.. and checkout lanes..


you will learn a ton.
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If the gov't stands back and allows the market do its thing, yes, I agree.

Consumer spending shouldn't be seen as a sign of the contraction ending. We have a phony economy with 60% of our GDP based on consumer spending. Sure we can buy all these shitty Chinese goods and reduced automobiles, but at the end of the day we're not producing anything from it. This economy will not turn around until we see a major shift of our workforce out of the service sector and into the manufacturing sector.

We all know the gov't is only going to make this worse.
 
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