T/A ETF AND INDEX

[capt_jmj]

RB - I guess it depends on what you mean by "short term". Our system (TMG) is by definition short term, but to us that means daily, since that is the signal frequency. We liken it to driving in fog with just your low beams on. What I *think*, which by the way is worth what you pay for it, is that since early Aug, the market has only seemed to care about the price of oil, and with few exceptions has moved counter. The little bump-up prior to today has just been the speculators trying to profit from the hurricane scare, and as soon as that has subsided, will again seek its own level re: the significant demand destruction we saw at the $4+ level. That will help the economy longer term, but there are other significant hurdles to overcome. While I don't agree that it will be as dire as Poker says, I think there is still more pain ahead. Until housing prices bottom, all the credit institutions that have mortgage backed securities will continue to have to write down debt (i.e. their collateral is a depreciating asset), and the consumer, robbed of his home equity piggy bank, will have to cut back drastically, especially on the bigger ticket items, or default on his burgeoning credit card debt.

The final nail in the coffin will be if the Dems get control of the White House and both Houses of Congress. The country might not *ever* recover from damage they can do in four years unfettered by adult leadership. The thing is, I don't disagree that almost every idea they have has merit from a humanitaritan sense, but what they never say is how much it will cost and who is going to pay for it. And for those who will benefit, where is the personal responsibility/accountability for their situation in life, or should all this simply be a birthright? It is generally true that they think they know better how to spend your money than you do, and it normally benefits their constituents more. I call that tantamount to buying votes, but, hey, it is the American way. Instead of the Land of Opportunity, they want us to be the Land of Entitlements. No wonder we have trouble keeping the illegals out.

Sorry, Poker, for the political commentary...


Kind regards,
-CAPT J

"What would you attempt to do if you knew you could not fail?"

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