Hmmmm... I believe we are headed for a solar maximum.
Posted on 07/27/2012 12:21:20 PM PDT by blam
Recent Market Patterns Suggest An Extremely Severe Downturn Is On Its Way
Comstock Partners
Jul. 27, 2012, 2:07 PM
With the global economy likely headed for another recession, central banks are still attempting to step up their probably futile effort to stop the downward tide by trying to boost stock market prices. Although we are generally not believers in conspiracies, it does seem likely that the Fed, late yesterday (Wednesday) afternoon, leaked the possibility of an imminent move toward more ease to its favored reporter at the Wall St. Journal.
Not coincidentally, the report came out just as the S&P 500 was breaking below the upward trend line in effect since the June 1st bottom. To add icing to the cake, ECB head Mario Draghi, a few hours later, announced the ECB's intention to do everything it could to keep the Eurozone together.
The leak by the Fed was most likely a signal that the move toward more ease would come about at next week's FOMC meeting, as anything less would meet with severe disappointment by the market. By the same token, the ECB, too, will now have to follow up with something more concrete than Draghi's general statement.
In our view, a global recession is probably in the cards despite any actions by the world's central banks (Please see last week's comment in the archives). While the central banks may have temporarily halted the potential downward break in the stock market, we believe that the peak has already been made, and that the market, at its own pace, is tracing out an extended topping process typical of many past bear markets.
If we look at the five bear markets that started in January 1970, January 1973, August 1987, September 2000 and October 2007 we can see
(snip)
(Excerpt) Read more at businessinsider.com ...
" America has managed to come out of the recession with a leaner, more powerful economy, and is quietly becoming an energy superpower on par with Saudi Arabia thanks to recent advancements in finding new oil and gas. Along with a revitalized energy future, America has begun paying down its debts, closing its trade gap, and was the first to clean up its banking system. "
Yes, we have the energy resources, but the left, if it remains in power, will not let us use them or sell them.
I have no doubt, however, if some communist or other totalitarian country wanted to drill or extract the resources on our land, they’d have no problem with it.
Bad news is good news because it means qe3 is more likely soon.
Good news (what little there ever is) is bad news because qe3 is less likely soon.
QE3 seems to be the only thing affecting the stock market...
Whatever gets Obama to find another job after January 20th is worth it. Recesion, depression, drought, famine, whatever.
Comstock Partners? I just took a look at some of their fund charts. Not sure how they keep the lights on. I’ll wait for a better source for my doom & gloom. Thanks.
He said it himself - his plans are working. Since things are going down hill at a record pace, that must be his plan - to send the US economy down hill at a record pace.
Again, he's exposed his real agenda. His destructive plan is working.
Don’t worry, the Europeans told us they have everything fixed.
Next stop, Dow 20k!
There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved.
– Ludwig von Mises
Hmmmm... I believe we are headed for a solar maximum.
Amen.
We’re going to have a recession no matter what..might as well happen under his watch.
But the DOW hit 13,000 today!/s
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