gabe borenstein

Oil Jumps, Stocks Slide, Dollar Succumbs

In fact today's data was quite positive .The recession gurus who have proclaimed U.S economy to be in recession(two consecutive quarterly declines in the GDP) have some explaining to do.The negative market psychology is not necessarily economic reality.With the key global economies decelerating ,we will see a price adjustment in the crude oil. More monetary accomodation is needed and will be forthcoming .Economic upheaval in the Emerging Markets will strengthen the dollar in the period ahead.In the short run the volatility will continue ,but the major uptrend in the stock market is on the way.
Geenspan?his policies of several years ago had driven the FF to 1% ,allowing for "structured "mortgages leading to subprime debacle -for the record 20% of all the homes sold in 2006 were financed by the subprime mortgages.Thank you Mr.Greenspan.Stock market?for all of the wrong reasons will reach new highs in the period ahead