Pasobill

Market Outlook: Watch Out, the Signs Can Be Deceiving

The Fed has only bailed out Wall Street and the greedy errors of the large banks. By continually printing more and more money for these bailouts the Fed is setting us up for a 1970's type inflation with huge growth in interest rates and continued price inflation in the commodities that the average American cannot do without - food and energy. It is hard to see where the Fed's actions are going to help the people on Main street! And Michael is absolutely right - market bottoms do not happen in a day. the technical damage to this market is so bad it will take a long time to repair. In the immediate past we have been spoiled by quick turnarounds but history shows that real bear markets can last years not months.