Zeev's Turnips Patch-No Politics (ZEEV)

[valuepump]

I tend to agree. In my head, the volume is another indication. You almost have to go back to the middle of 2000 to see volume this low on the dow jones industrial average. Everyone's afraid to sell, and nobody wants to buy. Every selloff is bought into, but volume remains downright pathetic for what some here think is a new bull market.

Same goes for the nasdaq. The higher volume due to the garbage stocks hitting their highs in july made me think we had topped, but now the volume is just pathetic, and the garbage stocks you would associate with moves in the nasdaq like this, are just not participating. It seems to be the largest stocks moving this market right now, and many seem to be moving in tandem.

Insiders are selling at a fantastic rate, and the economic data, despite the hype of CNBC remains mixed. The numbers are often released strong, and quietly revised weaker the next week or month.

I stand by my prediction that this economy will be coming back down to recession territory and things could be quite serious. Technical analysis be damned. The refi money and tax credit money has had it's effect, dried up, and now what do we have.. government spending to raise up that GDP number?

Always a good time to play the market though.. seems to be dangerous to be short or long any significant period of time right now though.. dipping my fingers into the precious metals, since I don't daytrade, generally buy and hold for days to as much as a month or two on stocks.

VERY bullish on silver, bullish on gold, commodities in general.


"The big winners would be those folks wise enough to own "things" instead of fiat money - real estate, gold, and other long term assets"


My thinking exactly.. whether we see a depression, currency devalution, or downright hyperinflation, I don't intend to be stuck with money in a bank account. I want to buy a house while the dollar is strong, own physical silver as well, then use the weakness in the currency and the strength in silver to pay that house off, one asset purchased at a fixed price with a fixed obligation for payment being paid off by another asset purchased at a fixed price free to move with market conditions... the silver I own should be more then enough to cover costs. (only 22 years old so I don't own a house yet ;) )