Lets see he starts posting after 9 or so. I say he's a custodian at an elementary school. You all know where it goes from there. Day you are a true freak, plus really crazy.
HFT2 it is so obvious you are a huge BEAR that is pretending to be a BULL trying to convince people to buy so you can short using your GIANT hedgefunds capital. You are a pump and dumper, you are a wolf in sheeps clothing. You keep pretending to be a BULL but I can see through you lies and deception. You are quite unethical
You can have this Technical Analysis to please your bearish ambitions: "The U.S. Dollar index ($DXY) broke out of its one month down trend causing a run out of commodities. Investors took money out of the energy and commodity related stocks and put them to work in the financials and the techs. The lower-then-expected initial weekly jobless claims and the surprising rise in ex-transport durable goods orders support the call for the Fed to stop cutting." Now tell me where the hell is your recession? Feds should stop cutting rates now. Enough of this , too much sweetening the pot. We dont need another rate cut.
You're right about stopping the rate cut but you still have no proof that you even trade, lol. My fiance probably knows more about trading than you. LOL Actually I know she does.
The one that is here and starting to intensify. You can't see it because you've not lived through one before. You've said, previously, that housing is only 3% of the economy, but I think you're forgetting the multiplier effect. Each dollar is used 12 times in the economy, so a trillion lost in housing equals 12 trillion, overall. That figure takes a while to be as apparent as to show up on your radar and, before you know it, unemployment will continue to rise (it is lagging after all) and GDP will continue to fall, for 24 months, regardless of monetary policy. By 2010 ipods are regarded as luxuries and the most popular tv programs are dedicated to stitching together old clothes. Bear market rallies are not as nice as normal rallies. I hope you're right and this has just been a correction, HFT, but your conviction is a worry. That road can surely lead to riches but also nasty losses.
That 3% figure is not mutiplied by 12 like you did to suit your thesis. Housing is just under 3% of our GDP period. Thats why we are still hovering above water and doing fine, otherwise the boat will be listing on the side. You are " forecasting" what you are " feeling" and thats another error. You cannot be a fortune teller knowing all about the future which nobodys knows what it is. This is not a Bear Market rally. This is a Technical Bullish signal for trending markets. There never was a bear market since SPX never closed below 1252 from October highs. People acted like it was Bear Market and they did a lot to destruct SPX, NDX, RUT charts and obliterated other stocks in hopelessness. Alas...that simply was pathetic and very sad for America.