bynd2009

Oh, So Now There Are No Green Shoots?

As much as I like R.N's thoughts on this market, I am very amused that he feels "things just happen". As any student of Physics (or a Yo Yo lover) would know, stuff bounces back when pulled to either extreme. Only difference between a coiled spring bounce and a dead-cat-bounce is that the bounce of latter dies out when the dead cat comes to rest . So let us hope this is not a "d.c.b" but a coiled spring recovery! I have been noticing more people at street corners than ever before and a fair amount of fear among people still employed. That tells me the economy is still going down albeit at a slower pace. Thus my simplistic thinking is to be careful with my spending but not to the extent of hiding what little I have saved under the mattress. As for the SP 500, as the majority of readers appear to think is heading down to 835, 775, 666 or whatever, buy a bunch of SH or SDS or SIJ and go on vacation!!! Buying Chile or Indonesia or Turkey comes with their own headaches (note the coup in Honduras). Singapore may be a good place to hide. There is no denying the strong connection between the dollar and oil so watch both closely.