User 236687

Financials To Resume Meltdown Momentarily

In paragraph 1 you countered your own point with the short rule on rumors which will force another move by the SEC.I Still do not know what will come out of it down the road. 2.The consumer: I understand your point.However I feel that in august there is a need for them to spend for a number of reasons now that energy shows signs of retreating and that will help their mindset and that will get them out and into the stores.The bar is so low and we always under estimate the consumer and their need to spend on themselves and their children without including intangibles.It will slow but again the bar is about an 1/8 of an inch off the ground.3.This is a big one because as you know the reverse of this trade can make up the difference in a hurry with today's trading abilities.I think people like that will do just fine.I'll leave it there on that for now.The .22 move is to involved for me at this time to get into it,but it needed to be done @mer and not all are created equal.Others on the buy side have to be looking at this and knocking on some doors trying to get in at those prices.That is why nothing else has moved yet.Maybe more go maybe not after watching the problems in the eu .22 here is looking cheap if a small percentage pan out and the price declines level of soon.I think they do into the elections by the new year.4.I am close with you on number 4.just not that far out.My reasons are many.I"ll give a few.The rapid rise of foreclosure sales from the people that could not face reality combined with the same homebuilders and the hardest hit areas are clearing inventory very quickly now.The faster they go up the faster they move.Everyday more get dumped into and cleared where as before it was stagnation.That to me is a positive sign.The banks are taking the provisions ,recent run ups in some not included reflect it. If that countiues like this while the Gov has the tools availble.People will be able to come back in was stability in our political sytem sets in.Again,as you know the markets make the turn way ahead of it.Today's number just placed the bar even lower,which is good for an possible upside and a further downside in energy/costs....