DESPITE THE COMING INEVITABLE EURO/EUSSR MELTDOWN AND THE ENSUING FLIGHT TO SAFETY.
ASIAN STOCK MARKETS ARE DOWN NEARLY 20% ON THE YEAR.
AND THE U.S. ECONOMY IS JUST VERY WEAK:
- DEMAND IS WEAK;
- UNEMPLOYMENT IS HIGH AND CREEPING UP;
- GAS WON'T GET MUCH CHEAPER;
- THE HOUSING MARKET SUCKS;
- STUDENT LOAN DEBT IS A BUBBLE ABOUT TO BURST;
- EXPORTS ARE GOING TO DECLINE SHARPLY;
- AND SO ON.
IF OBAMA GETS DESPERATE AND ATTACKS IRAN TO TRY TO GET RE-ELECTED THEN ALL BETS ARE OFF.
THE MARKET COULD GO AS LOW AS 9000. AND THEN BOUNCE BACK WHEN ROMNEY DEFEATS OBAMA.
No comments:
Post a Comment