SPDR S&P 500 (SPY)

[RAVINASA]

Foot:

Just saw this in stockcharts!!. Can you verify this?

Hope we wont get affected.

By the by, are you sure about the 13 P/C ratio, I saw that in scamman's psot in 2000 market top.

Have a nice day.

Regards.


9/14-P.M.-LAST NIGHT ,I MENTIONED THAT HOMES WILL NOT BE SOLD;TODAY,CASH STRAPPED HOVNANIAN ANNOUNCED A 20% REDUCTION IN ALL OF THEIR NEW DEVELOPMENTS. CONGRATULATIONS TO ALL THE HOMEOWNERS IN HOVNANIAN DEVELOPMENTS IN AZ,CA,DE,FL,IL,KY,MD,MN,NJ,NY,NC,OH,PA,SC,TX,AND WV. YOUR HOUSES HAVE INSTANTANEOUSLY BEEN DEVALUED BY 20%. AND LET US NOT FORGET ALL OF THOSE LUCKY FOLKS LIVING NEAR THOSE DEVELOPMENTS-YOU ,TOO,HAVE INSTANTLY LOST 20% OFF OF THE VALUE OF YOUR HOUSES. BOY, THIS WILL REALLY DO WONDERS FOR CONSUMER SPENDING. I TOLD YOU EARLIER THIS WEEK THAT WE WERE ALREADY IN A RECESSION-THIS EVENT JUST CONFIRMS IT.