Sunday, July 12, 2009

More Stimulus

There is more talk over the weekend of the California IOU's and the need for more stimulus. Folks I said it early in the year that we will get a rally and everyone will say we are coming out of the recession but it will just be a blimp and nothing else. Lower prices are in store and I think to a minimum we have a bear market for another three years with a possible substantial low late next year, we WON'T be in recover mode any time soon.

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