Cmon Coke... you are just a pessimist... turn your frown upside down! And turn your charts upside down... HFPT is not a hedge fund manager, and certainly not a trader... He hasn't a clue how economics or currency or finance or anything works...he just understands the buy button on his simulated platform....
ALL is not so bad as you think. Apart from the $600- $1200 gift free check from Uncle Sam ( which other country does this ? ) they still have jobs and food and water. They are being bailed out at every step, mortgage defaults and help and God knows what else. Just think for a moment, if these people did not stopped buying real estate we would not be in this dilemma today. They themselves brought this upon themselves and with all this negativity they even robbed their financial markets ! Self destruction is an art, I suppose ?
Pessimism has not won any victories in life. Negativity does not brings s u c c e s s in life. You have done enough of it, time to change and heal and move forward. Recession does not have to be a Monster. America has gone through turbulent times before and we are still here. Somehow things work out. Good positive attitude is mandatory. Buy some stocks and donot damage those charts. Its like killing your golden goose.
Optimism and Pessimissm are IRRELEVANT.. How about Realism? Or didn't they teach you that at the Devry How to be a Hedge Fund Paper Trader College?
that's why SBUX is down 55% when S&P down 7%. The crowd is getting smaller. And regarding $600 Buying electronics is good for which economy? my guess is that will be good for China, Japan, Korea... Buying close is good for China, Korea... Buying shoes is good for China, Korea... Buying cars is good for Japan, Germany, Korea, China, ... and so on you got the idea. Government is fooling people with this $600.
So you think its smart for people to keep buying real estate regardless if they are getting a value or not? You think people should blindly buy buy buy without regard for their own personal wellfair?
So you think its smart for people to keep speculating about real estate ? Look how your own speculations led you to your failure. You have not bought anything and now you will not buy anything unless you have 10% down payement and good credit. Lenders will never let that happen. If you were smart you would have bought when credit was easy to get! Serves you right. Now you resorted to damaging your own charts? Anger and hopelessness and self destructive suicidal tendencies and constant fears of imaginary recessions and sheer doom & gloom. When the hell you are going to turn a corner?
i got a c note that says negative gdp for q1. I've asked three times. april '09 s&p no higher than 1400. lay down the green?
Technical Analysis BY S&P MARKET SCOPE: KNOCK SOME SENSE IN THAT HEAD OF YOURS "The technical condition of the market continued to strengthen last week as evidenced by the improvement in the Momentum Index and the uptick in the Strength Indexes. As has been the case for the last couple of weeks, the positives continue to outweigh the negatives suggesting that higher prices are in the cards. Last weeks action saw all of the major averages finish above their respective 50-day moving averages. In addition, all of the 50-day moving averages have turned up, a sign of an intermediated term trend. Also, the MACD-LT indicator, a very reliable trend reversal gauge, has crossed into positive ground for all of the major averages. Sentiment remains very negative which is a bullish condition of the market while short interest continues to be at or near record levels. Finally, the contraction in the number of new 52-week lows coupled with a significant increase in the number of industries with either a Strong or Improving condition (71), confirms the broad base strength which currently exists in the market." Still want to short something? Its possible.