Party Over ??
July 2nd, 2009 | 
A weekly chart clearly shows a downward trend that is just couldn’t get past. As of right now I feel if the DJI closes below 8355 it would be a clear break to downside i.e. the next leg down in this bear market. However we just don’t know what they will attempt to prop this market.
Popularity: 15% [?]
There was absolutely no real economic basis for this huge four month run up without any meaningful pullback. Just a false “hope” or “green shoots” – give me a break. Suddenly the hope is gone? Why? Unemployment has never improved since March but somehow market kept going up? Yeah, GoldmanSachs aka GovernmentSachs (or whatever their name is) did pretty good job with printed taxpayers money (TARP). They paid themselves nice bonuses after all and now will ram the market down again, so the idiot Jo-six-pack can look at his melting portfolio (if he has one) like a midnight deer at the upcoming headlights…x(
Hey Andrew, It’s been awhile……….
I’ve been working on the site tonight and will continue on with it over the weekend. Hopefully I’ll be pretty active here once again with posts, not sure if it will have many stock calls. Will see how things pan out.
To continue on with what you posted……
Do you know what is seriously troubling? The FACT we pumped TRILLIONS in and can’t even buy our way out. I did say TRILLIONS right?
It didn’t stop job losses
It didn’t help spending
It didn’t save companies
All it did was clean up the banks bottom line but now it is gone. You can’t buy someone out of problems unless they change their ways. Every politician in the world going to be SCREAMING at these banks, cause of mid term elections next year. So they will start this fall, politicking and people are still bad, so blame the banks.
What a nightmare!
The biggest con job the “analysts” pulled in a year is the golden cross pump. They sucked in all the rookies……