T/A ETF AND INDEX

[POKERSAM]

This recession/depression is second only to the great depression and it is a long way from over. I don't think anyone should expect this one to only last the average. I think maybe 24 months and then a partial recovery in the eye of the storm and then a fall off the edge of the economic earth. Not that I am calling for that, just a guess IMHO.
I could go on for hours but here is just a thought.
It was a credit bubble that burst in fall of 2007. Our government's cure for it is plunge itself further into debt than it has ever been before. The most successful stimulus so far is to plunge car buyers into more debt by over paying them for their clunkers so they will buy a new car. WoW
Many facets of this credit bubble have not burst yet. There are thousands of residential mortgages yet to reset. Massive commercial real estate foreclosures loom on the horizon. Credit card default is a long way from peaking. De leveraging (deflation)is the name of the game for everyone but the government. Government spending up and consumer spending down. Government spending is the only thing propping up the economy and they can't do it forever. They are not allowing the economy to recover and are prolonging the agony. It's like having an arrow in your back and the government's cure is to advise you not to lie on it while they give you blood transfusions.
I of course could be wrong and am not calling anything, but I see nothing but dark clouds ahead for the economy and the markets. At LEAST for about 320 S&P points down. That would give us a nice double bottom and a chance for the capitulation selling that ends a bear market. Then we should have a good 50-60% storm eye rally. Just a guess IMHO.