Friday, September 4, 2009

MORNING NOISE

The scam continues...great news today unemployment......9.7.....market rallying (albeit weakly) at premarket time....DOLLAR DOWN......GOLD DOWN.....don't ya luv it........Now back to my rambling thought process.......sorry but it looks like another STOP SHOP DAY. So play it that way if you must trade ......play the gaps on your favs......I like miners for gap plays.. so we will see.

Back to the numbers......our country is in deep doodoo......and the sound you hear coming from the talking heads is not accidental....there is a concerted effort to spin all this devastating news to give the best effect to consumer confidence. Remember this is all about CONfidence....ie.. maintain the shell game (see ponzi)..and without meaningful job recovery on the horizon this economy has nothing but hot air.

How does all of this effect your investment decisions ???? Well if you believe that quantitative easing (QE) will continue as our government monetizes an exploding debt bubble and the economy will continue to struggle then STAGFLATION becomes expected to continue in the near term with hyperinflation as a possible down the road scenario. Of course Kress predicts True Deflation to begin in 2012 to 2014........so we still have time to profit from the inflation trade.

I maintain we are not in P3 yet but we should be beginning a near term market correction through most of October. Do not be heavy long or short here. In fact trading the next few weeks will be treacherous......if they jack this baby to the 50 fib ...around 1100 on SnP in the next 2 weeks maybe lean short...but man...this is going to be wicked ......just watch today...watch um keep this in a range with that ugly 9.7 number.......It will be headlines ALL OVER the news tonight......I can hear the last sentence from Brian Williams now....."but the DOW closed up 49 points......hehehe......watta scam ...watta game ....watta joke.......gl gang

4 comments:

  1. Actually the dollar is back up at this moment and so is gold haha.

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  2. Morla it is frkn hilarious...this market is schizo........hahahahaah

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  3. Looks like a high volume day for GORO..

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