SPDR S&P 500 (SPY)

[2bit-nothing]

Anyone still remembers this guy?

2bit

"Announcement from Robert Hitt
7/4/2009
I am moving back to the mountains after a 6 month stay in North Carolina. I have come to a conclusion that the situation at hand is the back side of the economic storm that started in 2007 is due to arrive some time as early as in the next few weeks. What we have seen since March is the eye of that storm. This period of calm has been well below expectation as far as recovery and relief which translates to logically assuming the crisis is far from over.

When the eye wall comes ashore probably in August I want to be settled in as much as possible to ride out what could be a sudden ramping up of crisis at a level last seen in January - March 2009.

My suggestion to readers is at a minimum begin to prepare now for a hard winter and difficulty lasting into mid 2010. Each individual must use common sense to determine what type preparation is best. There is no reason to panic but be purposeful at this time while it is fairly easy to get things done.

Once I get back and have settled into a new routine writing monthly for the site I will resume working as a consultant with a few select customers on daily and intraday timing."