For the fourth day in a row the markets closed on a down day. Is this the start to another down week? After last week, which was the worst week in 14 weeks, we want to know....
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Every Success,
The INO.com Team
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There are some intriguing points in time in this article but I don’t determine I see them all center for you to heart. There is certainly some credibility but I will require hold opinion until My partner and i look into it further. Piece of content , thanks and that we want a lot more! Added to FeedBurner at the same time
What I think is that the summer market in the current environment is just more volatile because of low investor volume. I think it's all traders in the mix and if I were to subtract trading volume I'd find less than 50% of the "on season" volume -The volatility comes from the low volume and the current market psychology which is just bouncing from news story to news story. Today, when the fed blows the the hawk sound like a duck call (phony) we will find that we're already oversold and bounce. - --> Here I have to admit I'm personally on the sidelines <-- until I actually see what happens with that; I don't see risk/reward today to be green! Good luck to everybody!
WITH REGARDS TO THE POLL, MOST SEE THE MARKET DOWN OR EVEN, WITH SOME HAVING NO IDEA AND UNDERSTANDABLY SO, BUT USING THIS MICRO POLL, WE FIND THAT IF THESE FOLKS REPRESENT THE POPULATION, THEN THIS MIGHT NOT BE A GOOD TIME TO BUY. I SOLD TWO WEEKS AGO AND I AM OUT UNTIL I SEE THE NON FARM PAYROLL AND UNEMPLOYMENT RATE FOR AUGUST.
With the ever increasing debt, nobody wants to buy American bonds, so Mr Bernanke has to buy it, by making the money printing machine go overdrive. Sooner or later there will be inflation, and people may go out to the streets to protect their buying power.
Someone has to stand up, and tell the truth. If we do not want a bad market crash: Taxes must be raised, expenses must be reduced, administration must be streamlined, cheating must be eliminated: in disability, food stamps, medicare, unemployment system etc.
Those people (including me) who can remember the inflation after the second world war, in Europe, where money printing went through the roof. When the the public said: I give you three green ones, two yellow ones, and one lilac one, because nobody knew how many zeroes were printed on a bill! So, there has to be a point, when the politician must wake up, and reverse this bickering, and save the country. Steven Jalso (old, retired)
Thanks for this info, Steven. I'm on the same page: the current administration may slow down the money printing but probably not this year. Maybe not until noticeable inflation occurs.
And I totally agree that expenses must be reduced and all those on the dole must be made to prove their financial situation before getting any more "free" stuff! I disagree with you about raising taxes, especially on businesses because they need to expand and do more hiring. The Obamacare fiasco is a big mess that should either be postponed or taken off the table! The majority of folks are scared and worried about it: no one has clear answers for a zillion questions! Now that everyone in Washington is excluded from this "tax" they really don't care what kind of crappy insurance will be forced on us or at what cost.
I was born after WWII ended, but I certainly remember gasoline for 22 cents a gallon (along with a free beer mug) and paying $49/month for rent. My first new car, fully loaded, cost $3,000 (including sales taxes). I think I've already seen inflation over the years but fear even higher prices to come!
The current administration seems unpredictable and not playing by the rules established by our founding fathers. This is why I worry about the direction of the markets, the economy, and money printing! Thanks so much for your reply and I will hope with you that this country is saved!
I hope Al and Steve are correct! I'd like to be "in the green" again and be given another chance to take some profits!
Will finish up. The Fed cannot afford to let bond prices drop further, large banks will make their money on the planned move, and both bond prices and the market will go up.
Meanwhile, the BRICS nations are getting ready to solidify their agreements to exclude the dollar from trade settlement, turmoil in Saudi Arabia will work to undermine the stability of the petrodollar, and gold will continue to leave the West en route to the East.
With long term trade triangles in a positive mode and with last week's sell off, excellent chance market will rebound this week and find support at the 15,000 level.
I'm with you. I think that looking at the long-term Trade Triangles are where it's at.