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.
Re-Testing old lows...back to Nov 24th...new target is 650 for the S&P
- Thread starter Port1385
- Start date
Does this site have an ignore button? I can't stand to come here anymore for all the (one) morons.
This mild recession is mostly a confidence issue. Consumers need to stop saving and keeping cash on the sidelines and start spending more as well as investing in riskier assets. Unemployment is only at 7.2%, a small 2% increase YOY. This means that while people still have their jobs, they are cutting back on spending and this is hurting the economy to some degree.
Rates are once again at historically low levels and that should be enough to get the housing market going again. We need home prices to inflate, but maybe not as quickly as the last bubble.
Rates are once again at historically low levels and that should be enough to get the housing market going again. We need home prices to inflate, but maybe not as quickly as the last bubble.
Quote from stock_trad3r:
This mild recession is mostly a confidence issue. Consumers need to stop saving and keeping cash on the sidelines and start spending more as well as investing in riskier assets. Unemployment is only at 7.2%, a small 2% increase YOY. This means that while people still have their jobs, they are cutting back on spending and this is hurting the economy to some degree.
Rates are once again at historically low levels and that should be enough to get the housing market going again. We need home prices to inflate, but maybe not as quickly as the last bubble.
You are getting dumber by the post...what is that, 12 times a day?
Is that even possible?
Quote from EMRGLOBAL:
640/650 is serious key support for the S&P. We have to break the lows of 08, first.
The news is far worse than what the "Gov" and Experts are spouting.
I think the word Depression will sink in as a Reality for two reasons. The media keeps hammering the point to the consumer. Thus, emotionally, the consumer will scale back far more than they have to. Second, the FED & GOV are not telling the full truth. When it comes out, Panic in the overall Markets will set in.
4th Quarter 08 was the start of the fall, not the decline. The next three quarters are gonna be bloody.
But Einstine said "In the middle of Difficulty lies opportunity".
R you ready?
Well I may say opportunity if one were to buy the 3 majors, LQD, and "turned off the lights" for 3-5 years. Other than that, it's going to be a very nasty 2009. I don't have the stomach to buy the 3 majors at this point...
Apple
Futures jumped a bit on that news, do you think that news will affect the markets very much? I mean did anyone think that they wouldn't approve the new bailouts?