Thursday, August 7, 2008

Consumer spending

Wal mart less than expectations. So the consumer is showing signs of stress. Many will point this out as proof positive that the slow down will take a bite out of natural resources.
If you see the numbers, that is not true. Many producers of natural resources are falling in output. Once that is really understood in the market place the next phase of the bull run will take off.
I am playing this with diagonals. The explosive possibilities to the upside make it a better return with diagonals.

No comments: