> Agree with many of your points and I reached the following conclusion > in my own commentary today. > The fact that the volume kicked in on the SPY yesterday before there > was a real testing of the January 20th low suggests that there is > still more of a trading range mindset prevailing at present rather > than a concerted effort to properly test the possibilities of a new > overall leg down. > > Contrary to some people’s intuition I suspect that the reluctance > to aggressively probe for evidence of game changing buying support > at lower lows at this stage is actually an overall negative in the > longer term outlook for US equities. >
The fact that there is still debate as to whether or not we will have a Recession (a formally normal part of the business cycle) After the collapse of the biggest credit bubble in history, and after the disintegration and insolvency of most major banks, tells of a complacency which will only be removed by a Major Depression. The Bulls should hope for a recession. The Fed is not an all powerful Santa Claus: remember the "free markets" the elites used to pay homage to? That's before the criminal banks became beggars.
Friday Outlook: Commodities, Emerging Markets [View article]
On Feb 13 07:17 AM morph366 wrote:
> Agree with many of your points and I reached the following conclusion
> in my own commentary today.
> The fact that the volume kicked in on the SPY yesterday before there
> was a real testing of the January 20th low suggests that there is
> still more of a trading range mindset prevailing at present rather
> than a concerted effort to properly test the possibilities of a new
> overall leg down.
>
> Contrary to some people’s intuition I suspect that the reluctance
> to aggressively probe for evidence of game changing buying support
> at lower lows at this stage is actually an overall negative in the
> longer term outlook for US equities.
>
Friday Outlook: Commodities, Emerging Markets [View article]
On Feb 13 05:47 AM Daniel Herkes wrote:
> The bottom will be about 7500. I hope.
Thursday Outlook: Commodities, Emerging Markets [View article]
The Bulls should hope for a recession. The Fed is not an all powerful Santa Claus: remember the "free markets" the elites used to pay homage to? That's before the criminal banks became beggars.