Friday, March 20, 2009 9:22:20 AM
Markets hyper-inflated since the 3/6/2009 bottom as we can see the vertically rising prices, especially energy and gold prices. This is a sign of hyper-inflation which is a disaster for US Economy. Markets are at resistances: SPX 800, Qs 30, Nasdaq 1500, DOW 7500.
The current path which we are heading is a deeper disaster for many as we will face hyperinflation while many Americans who were in cash will be burnt when markets crash in faster pace than markets bubbled up. Even though, markets could be propped up during the Q1 earning report period, we do not see real job growth, so, realistically, markets are suggesting more disaster with higher volatility. Breaking above the resistances will be confirming the path to more disaster in hyperinflation.
The current path which we are heading is a deeper disaster for many as we will face hyperinflation while many Americans who were in cash will be burnt when markets crash in faster pace than markets bubbled up. Even though, markets could be propped up during the Q1 earning report period, we do not see real job growth, so, realistically, markets are suggesting more disaster with higher volatility. Breaking above the resistances will be confirming the path to more disaster in hyperinflation.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
