When my mom was my daughters age --- in 1931 her family was killing chickens in the back yard to eat and they were better off than many around them count how many times you went out to dinner last month and that should give you an indication of where we are
dudes...come on...read this... HISTORY Begins on March 17: "Reversal" Starts: ***DOW/SP bounces off a 3 month double bottom ***Oil/Gold/Euro 'bubble' burst, now in Bearish slide ***market has accepted FEd will always act and rescue ***worst of credit mess behind, market has accepted this ***cash moves from commodities in huge dump back into stocks ***upcoming earnings will point to brighter future as bottom is behind... ***market will see improving economic numbers and not so good numbers will be shrugged off honestly...prove me wrong...what makes the DOW/SP go lower (break final support) than this 3 month double bottom and what makes Oil/Gold/Euro find current standing support and retrace upward?...the dollar truly is strengthening...REMEMBER MARCH 17..."REVERSAL DAY" for DOW/SP and Oil/Gold/Euro/USD...go ahead and prove this wrong...I'm open to any logical and researched thought...
Answers interjecte above with @. Honestly, I really don't believe that you actually have any money on the line. Granted, there may well be a ST suckers rally as the propaganda machine is saying the problem is over* and the vacum is above with some people still bidding so in the absence of bad news the line of least resistance is up. We are actually in something of a dead zone as Joe 401k has taken losses that are too big to take so he is not redeeming (Accredited investor in Hedge funds will be blocked form doing so) - if it goes significantly lower he will and there will be a cascade. * Banks didn't fail in 1929, they failed 1930 onwards.
There is absolutely nothing wrong with mild and minor recession, it is the talk of depression that scares a lot. Rising prices of oil and food will lead to curtailed consumptions in other sectors as these two are essential for daily living habbits. So something has to be done to curtail the oil prices which in turn are fueling the rise in food costs.
What will be, is what will be. You and I have no control over it. So we can't dwell on it. It is our job to prepare the best we can for any and all potential situations. That is the best we can do.
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...