A light depression is likely
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Hate to be the grim reaper but are looking at a possible depression
- Thread starter commoditiestrdr
- Start date
Quote from increasenow:
Wall Street Journal had an article saying "beware on the double bottom"...as noted, Deustche Bank said commodities going down in April as did article on www.INO.com ...heres the deal...will be more massive hedge fund selling off in commodities this week and for the upcoming weeks which also send the retail commodity investor into panic sell off mode...prices of Gold will much lower, Oil will be much lower, Euro will sell off...10YR will sold off and the DOW/SP will be in total rebound mode coming through earnings and next FEd mtg with NO rate cut...thus signally US economy 'stabilizing' as they say...I honestly believe...we have seen the TOPS for Gold, Oil, Euro...market will head higher..ALSO...THE DOW JUST CLOSED OVER ITS 50 DAY MOVING AVERAGE...THIS IS A HUGE BULLISH INDICATOR FOR THE DOW...!!!....
**COMEX Gold $1,033.00 on March 16th...NEVER to be seen again!
**NYMEX Crude Oil $111.80 on March 17th...NEVER to be seen again!
**CME Globex Euro 1.5820 on March 17th...NEVER to be seen again!
**Dollar Index 70.69 on March 17th...NEVER to be seen again!
**CME Globex 10 Year Note 120.01 on March 17th...NEVER to be seen again!
**DOW 11,000 to NEVER be seen again!
**SP 500 1,200 to NEVER be seen again!
...I welcome any expert to prove this wrong...the BUBBLE has burst...for Gold, Oil, Euro, 10 Year Note...
I'm not qualified as an expert but I'll comment just the same. "NEVER to be seen again"??
It's a shell game..nothing more. We're in the same boat, just a rising tide for several months in equities.
Quote from increasenow:
Wall Street Journal had an article saying "beware on the double bottom"...as noted,
Hate to break this news to you, but the WSJ is the press. They are notoriously wrong. There is probably no better contrarian indicator over the years than Barron's cover story. Well, except for Cramer.
The US dollar could get a bounce till 10 am on Monday, IMO, then its back to reality.
Quote from increasenow:
Wall Street Journal had an article saying "beware on the double bottom"...as noted, Deustche Bank said commodities going down in April as did article on www.INO.com ...heres the deal...will be more massive hedge fund selling off in commodities this week and for the upcoming weeks which also send the retail commodity investor into panic sell off mode...prices of Gold will much lower, Oil will be much lower, Euro will sell off...10YR will sold off and the DOW/SP will be in total rebound mode coming through earnings and next FEd mtg with NO rate cut...thus signally US economy 'stabilizing' as they say...I honestly believe...we have seen the TOPS for Gold, Oil, Euro...market will head higher..ALSO...THE DOW JUST CLOSED OVER ITS 50 DAY MOVING AVERAGE...THIS IS A HUGE BULLISH INDICATOR FOR THE DOW...!!!....
**COMEX Gold $1,033.00 on March 16th...NEVER to be seen again!
**NYMEX Crude Oil $111.80 on March 17th...NEVER to be seen again!
**CME Globex Euro 1.5820 on March 17th...NEVER to be seen again!
**Dollar Index 70.69 on March 17th...NEVER to be seen again!
**CME Globex 10 Year Note 120.01 on March 17th...NEVER to be seen again!
**DOW 11,000 to NEVER be seen again!
**SP 500 1,200 to NEVER be seen again!
...I welcome any expert to prove this wrong...the BUBBLE has burst...for Gold, Oil, Euro, 10 Year Note...
DJIA has crossed over its 50 day moving average 3 times this last week. Its a very bold bullish omen. IBD has called Thursday as a follow through day... Bulls are back..
The thread was started almost 2 months ago. I just find it comical that people think things are going to change because a certain level was reached, be it up or down. At some point, someone needs to do something about the fundamentals to improve them if improved results are desired. You can't keep borrowing an additional $2 billion per day, every day, just to live above your means for decades, and expect anything good to result.
Imported goods are now 14% of GDP, and Industrial production is only 12% of GDP.
It means its all structural.
Imported goods are now 14% of GDP, and Industrial production is only 12% of GDP.
It means its all structural.
Agree.
Also, this is would be a great time for terrorist to attack us. It would be a terrible devastation. Our FBI and CIA guys are doing a great job for that not to happen but who knows.
Also, this is would be a great time for terrorist to attack us. It would be a terrible devastation. Our FBI and CIA guys are doing a great job for that not to happen but who knows.