pitaking

Welcome to Parity

I'm glad to finally read someone who can see both sides of this issue. It seems like most "big names" are pounding the table on inflation being the next big bubble but a lot of what I see right now points to deflation. House prices continue to drop, savings rates are climbing for the first time in decades, we are driving less, receiving less credit and only shopping when prices are 50-70% off. The other chart that is worrisome is the free fall in money velocity. Dollars that changed hands constantly aren't moving any more. From banks to buyers to businesses, no one is spending or lending. While inflation will return, I think we are going into a 2-3 year period of deflation based on these signs.

Wednesday Outlook: Commodities, Emerging Markets

Gabe, there is no way we see 20K on the dow any time in the near future. I'm playing this from the long side for a Obama/Santa rally but it will be a bear market rally and nothing more. Buy your oversold's this week but don't fall in love yet, this won't be some crazy V reversal.
Disclosure LVS, ACI, X, FCX

Wednesday Outlook: Bulls Storm In

Gabe, can we call your rally dead?

Wednesday Outlook: Bulls Storm In

Gabe, you are crazy. How would an implosion in Europe and emerging markets signal record rally? This market is still going lower, it's a good oppertunity to add to your SDS, DXD ect...Love the charts, this is the best thing on this site.