ok after seeing the US stock markets ignore any bad news this week I think the dj is destined to just keep on going . I do not see any reason for it to drop any more. The market completely ignored the fact that Colonial Bank went down last week , 6th largest in US history , in fact financials have gained this week. Also unemployment claims higher than expected dropped markets , but it was bought into . Shanghai has come off 20% after gaining 90% in August .. just a mere correection before running another 90% in sept. The US is brke and if mark to market were bought back the financial system in the us would collapse.
Oil is screaming along side the stock market .... ok if i have a manufacturing compnay and i have to pay 20 % more for fuel expenses does that not eat into my profits ? so how would that be good for my stock price ? also if consumers get hit wuth higher gas bills how is that good for comsumers spending .. helping with making mortgage payments or the retial sector. I really do not understand why this is happening
This almost has the feeling of the tech bubble and dj 14400 ... but when it is going to burst and why I have no clue any more. I bet the market would just keep on going even if BOA went down.
I think that what is going to happen is US banks are to big to fail .... so the government will just print more money and throw more tax payers money at the banks to prop them up and keep them going . Banks used to be safe haven , borrow money at 3% and lend at 6% that is what they did , now the money they get from TARP they invest in the stock market , derivatives etc etc they deserve everything they get let them fail is what I say , what will be the next killer wave is inflation due to the US printing trillions of dollars just to keep the financial system alive.
(another bunch of banks went down this weekend bringing total to 81 for year) but of course this will be ignored by the market . Lets not worry about the one of the contributing factors to the third, and worst, leg down of the depression was the consistent failure of regional banks.
so lets look at gj chart ....well the base forming around 153.75 is much the same as the one around 143 before a 2000 pip move up
those that comment on 173 may not be as off their rocker as I thought they maybe .. in fact it maybe me that is off my rockers thinking that this is even going to touch 150 any time this year.
Oil is screaming along side the stock market .... ok if i have a manufacturing compnay and i have to pay 20 % more for fuel expenses does that not eat into my profits ? so how would that be good for my stock price ? also if consumers get hit wuth higher gas bills how is that good for comsumers spending .. helping with making mortgage payments or the retial sector. I really do not understand why this is happening
This almost has the feeling of the tech bubble and dj 14400 ... but when it is going to burst and why I have no clue any more. I bet the market would just keep on going even if BOA went down.
I think that what is going to happen is US banks are to big to fail .... so the government will just print more money and throw more tax payers money at the banks to prop them up and keep them going . Banks used to be safe haven , borrow money at 3% and lend at 6% that is what they did , now the money they get from TARP they invest in the stock market , derivatives etc etc they deserve everything they get let them fail is what I say , what will be the next killer wave is inflation due to the US printing trillions of dollars just to keep the financial system alive.
(another bunch of banks went down this weekend bringing total to 81 for year) but of course this will be ignored by the market . Lets not worry about the one of the contributing factors to the third, and worst, leg down of the depression was the consistent failure of regional banks.
so lets look at gj chart ....well the base forming around 153.75 is much the same as the one around 143 before a 2000 pip move up
those that comment on 173 may not be as off their rocker as I thought they maybe .. in fact it maybe me that is off my rockers thinking that this is even going to touch 150 any time this year.
Blogging daily now at www.volume.zone
When you think about it, it all makes sense. Low treasury supply this week, so the Fed was able to buy buy buy, putting a floor on stock prices. May not work out that way next week. Too much supply . . . What if stock and bond prices fall . . . 10 year prices are not looking too well for next week.
