DOW 0.17% $5.88 downer edi limited

bear market rally has commenced, page-26

  1. 3,780 Posts.
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    club sharers comments are just jaw dropping. yanks get to save 30 bucks on a tank of gas and everything is ok

    wake up to yourself. the banks are insolvent, consumers are loaded with more debt than ever before, the fed is the worlds biggest hedge fund, the federal government is broke, 22 states are broke, cities are broke, hundreds of thousands per month loosing jobs, 12 million homeowners underwater, credit limits being reduced for consumers and business, retirement savings blown up, no cash savings, hundreds of banks and tens of thousands of stores and businesses set to fail early next year

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    here are his comments

    As the sharemarket is a forecaster and not a lagger, I would consider this not to be a bear rally. Why should Americans be pessimistic anymore? It now costs only $30 to fill up a tank instead of $60. Their home loans have fallen and house prices are much cheaper. Those young couple who were kept out of a home now have real hope to owning their dream home.

    The market surprises at the wrong times and usually against media news. It turns down during the hardest of bull runs leaving most stunned and frozen with disbelief. The opposite may well be occurring. Just remember that there always be a pullback.
 
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