What a week in the markets!
Has the Gov actually plugged the holes? Has the feds lent us to prosperity?
If history is on our side as it should be, then we are in for much more intervention, much more liquidity collapse and much more pain for shareholders.
Just like 1930's, once the devalue comes into play it will be off to the races with gold.
For now we will take a wait and see approach.
Still short SPY.
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It's great to see you back Dell.
I am carefully watching an inverse head and shoulders forming on DJ (if you look at the past 15 days on a 2-4 hour time frame). This should be interesting if it is actually confirmed.
I really thought we would go down hard after the 9th of this month, with a possible new low on the 12th.
But now I get some different scenarios, and I have to wait for a confirmation either way.
Usually mutual funds tend to divest heavily in December, but on the other hand what exactly do they have to divest?
The automakers bailout plan if approved may be the catalyst for a rally, so lots of contradictory events are shaping up.
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