ETF SWING & DAY TRADING

[smartone]

well i will be devil's advocate.. i am one who doesn't subscribe to the theory that the big financial markets control how the markets go and they are playing us all for suckers.
i think investors have been getting loads of mixed signals this spring and summer and that is translating into "things could be much worse so i am positive"

the good
inflation isn't a problem yet
the job market is actually improving
tax revenues have been better than expected
there was still false hope about iraq.
housing market still very strong

the bad
but now you have gas 3 dollars a gallon which is huge psychological barrier for consumers which will start to effect the economy in a negative way.
iraq is a mess that is turning into disaster
housing market on it's last legs .. interest rates going up.

so these mix signals can quickly go from into "things could be much worse so i am positive" to "what a mess" very quickly
i suspect post labor day things will turn nasty.