Philly Jim

Equities Update: Last-Hour Reversal

How much longer till those forex reserves are all burned up back East? It's very fragile out there and exporters are flipping out every time the dollar falls, because they know the domestic consumption scheme in developing nations may not work.

On Oct 21 05:43 PM Gary A wrote:

> People better take note of lack of end demand. Even Maria Bartiromo,
> a Wall Street insider has her doubts about end consumer demand. In
> the world, the engine of real growth is the US consumer. Once he
> is cautious, where will the growth come from?

Global Markets in Review: More Thoughts on This Rally

Superb reporting and commentary! This is what an article should look like!

This rally reminds of of a man handing his kid more candy to keep from crying, and the, when the man runs out of candy, and out of ideas, he grabs a gun and demands candy from someone else to keep his kid happy. I'd love to ride this feel good wave, but consumers are being crucified for their Asian buying binge of the past. And how, is Asia holding up so well, without buyers of their products?

This is truly a speculator's market and the big money should stay on the side lines until stability returns.