john the babptist

Don't Count on the Consumer for a Recovery

I fear that we are only at the half way point of this Great Recession. I the eye of the storm. Don't be fooled. All that the US econimy has been for about the last 10 years was just a series of bubbles inflated by cheep money (tech, housing, commodities). America needs a fundermental re-thinking of its econimy. When the country finnay emerges out of this in 2012 things look very different.

As Expected, Big Down Day Arrives

like the fib retracemetns on chart 3. A fib retracement of 38.2% = 741 on SnP