Dow was up 1 point yesterday and down 1 point today.
CHOP FEST!!!!!!!!!!!!!!!!!!!!!
Tuesday, June 9, 2009
Observation
I think that we are getting to a level where everyone is comfortable with the market going higher. This obviously has me nervous as the higher we grind up because of the US$ will make it harder for businesses and consumer to fund spending as interest rate will rise.
I am looking at the housing reports and it is terrible what I am reading and the increase in the interest rates will only keep the return of the housing market even further. It is a high probability as I have said many times we will be in a recession on the housing front for years.
I think there is a good shot the administration and FED have lengthened the recession with the continued printing of money and I am expecting another shoe to drop before the fourth quarter of 2009.
Apple dropping prices is a sign of consumers feeling the crunch even for higher end products. While the market chop around here just read news and get the real stories.
MARKETJEDI
I am looking at the housing reports and it is terrible what I am reading and the increase in the interest rates will only keep the return of the housing market even further. It is a high probability as I have said many times we will be in a recession on the housing front for years.
I think there is a good shot the administration and FED have lengthened the recession with the continued printing of money and I am expecting another shoe to drop before the fourth quarter of 2009.
Apple dropping prices is a sign of consumers feeling the crunch even for higher end products. While the market chop around here just read news and get the real stories.
MARKETJEDI
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