Market Update Thursday, November 18, 2010 10:45AM

[ 0 ] November 18, 2010 |

Email to Fred and Warren:

FRED: AS YOU HAVE BEEN SAYING ALL ALONG, AND WARREN MOSLER TOO, THE ECONOMY IS DOING BETTER LITTLE BY LITTLE AND NOT WORSE. THIS IS PROVEN MORE AND MORE EACH DAY. WITH ALL THE CASH OUT THERE, AND TRILLION + OFFSHORE, AND REPUBLICANS WITH GRIDLOCK, THE THEME IS STILL ON. BERGE WAS ALWAYS SAYING ” UP TO 5%” CORRECTION AND WHATEVER REASON THEY BLAME IT ON, THE MARKET WAS POISED FOR A BREAK AND A DECLINE. SO WE GOT 4.5%. JUST LIKE IN AUGUST SEPTEMBER WHEN WE WENT LONG, IT WAS READY TO GO UP AND I DOUBT THESE ITEMS IN THE NEWS LATELY WOULD HAVE STOPPED THE RALLY. IT WAS TIME FOR IT TO GO UP, AND LATELY WAS TIME FOR IT TO GO DOWN.

STILL HAS A LOT OF WORK TO DO, SO LETS FIRSTLY SEE IT HOLD THE GAINS TODAY. THATS ALL I CARE ABOUT RIGHT NOW. ANYTHING IS POSSIBLE!! I AM HAPPY ABOUT THIS MOVE UP BUT NEED TO SEE MORE PROOF AT THE CLOSE. NOW THE LAST 90 MINUTES TO ONE HOUR IS ALL THAT COUNTS. SO FAR, NO SELLING PRESSURE AND A LOT OF CASH BEING USED FOR GM TOO.

I WOULD LOVE TO SEE ONE THING HAPPEN HERE IN 2010, LIKE THE BUSH TAX CUTS EXTENDED FOR ALL FOR EXAMPLE, WHICH BEFORE NOVEMBER 2 WAS PRACTICALLY IMPOSSIBLE DUE TO ANXIETY FILLED- MR XANAX NOW, OBAMA. IF SOMETHING LIKE THIS GETS DONE THIS YEAR IT WILL CEMENT HOME THE REALITY THAT GRIDLOCK IS A POSITIVE FOR ALL AND THE NAYSAYERS WILL COME ON BOARD TOO A BIT MORE.

BOBBY

Share

Tags: ,

Category: Economics, Markets and Trading