At least someone telling the forum how it is, I cant believe some people on here do not know of one person laid off during this ever slowing economic downturn. Past weekend heard of another person laid off, worked as a chef in a high end hotel in an "ever expanding" city near me. Now I believe he is relocating to another area in Washington hundreds of miles from where he lives, will see what happens.
Regardless of direction, I predict that most price/time predictions will be proven wrong, particularly dramatic predictions, and especially longer term dramatic predictions based on technicals, notably when they are based on wobbly theories such as "wave analysis." But that's just me.
Yes, the Elliot Wave. If you're going to go out, go out in a spectacular manner. <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/q4royOLtvmQ&hl=en&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/q4royOLtvmQ&hl=en&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>
If someone doesn't know at least one person who's been laid off, they must be living in a cave. I actually envy them. Lol! in comparing jobs on monster, hotjobs, etc., in 2006-now, there's no comparison. Then, there were tons of jobs in all categories for almost everyone. Look now... It's a shocking change. People are leaving my area in masses. My particular City was over 75,000 several years ago. Now the estimate is in the mid 50,000 range. Sorry to hear about the Chef. My middle Son wants to be a Chef. He's fourteen now, so hopefully by the time he's fifty years-old (j/k), we'll be in better Economic "hands."
Greatest Speech Ever. <object width="560" height="340"><param name="movie" value="http://www.youtube.com/v/jeYscnFpEyA&hl=en&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/jeYscnFpEyA&hl=en&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="560" height="340"></embed></object>
Hedge Fund Manager Hendry Warns of Market Correction 06/22/2009 2:49:46 PM ET MONACO (Reuters)âThe current rebound in stock markets is a bear rally and could turn by September, according to hedge fund manager Hugh Hendry, who has recently cut exposure to agricultural stocks. Mr.......
Hendry is on the "deflation train", and would love to see a massive market correction and flight back to the $US and treasuries, as he has been long both of those issues since 2008, and has taken a beating this year. It's probably a matter of survival for him.