*SCALPSWINGSTRADDLE*

[cal_pn]

Foreclosures still rise and will experience a second wave by unemployed people and people hurt by credit card debt.

Stock markets have only been artifically pumped by floating the markets with cheap money. Stock markets have also benefited by the "good" old financial system still in place which forces every fund manager to follow the trend no matter if this is reasonable or not, it is simply another bubble created by the FED and a big bear market rallye.

The real economy has not recovered yet, numbers are still bad generally, only analyst expectations have been reduced in order to bring more fuel to this fire. Cost cutting kept the corporate results partially in control but real growth based on better products and increasing demand is a whole different story.

The consumer is critical and will still have to pay off all this accumulated private and government debt for the next couple of years by saving instead of spending, by higher taxes and possibly also inflation.

The system has not healed yet at all.