zenalgorithm

Beware of the 2008 Sucker Rally

8. Liquidity crisis: Banks don't want to lend to people while assets are plummeting in value. Foreign banks don't trust the U.S. anymore - thanks to the investment banks. Try getting a loan right now - banks are in delay mode.

9. The FED and SEC are colluding with the banks to hide the losses from the CDOs and to hide the real asset values controlled by these banks - thanks to the banking cartel and corrupt government officials. If the banks were forced to declare their current asset values - there would be massive margin calls all over the place.

Unfortunately, big banks don't have to abide by the same rules as the rest of us do.

Can anybody say banking "bailout"?

100-150 day MA becomes major resistance points for the SPY and DIA in a bear market. Keep an eye out for these points as this bear market plays out.