Replies to post #214904 on Zeev's Turnips Patch-No Politics (ZEEV)

[Justa Werkenstiff]

Corporate profits are growing and estimates are being revised upwards which is bullish and the market so far does not care one iota about the secular trend towards outsourcing American jobs overseas in this process. This outsourcing will ultimately lead towards undermining the sustainability of this recovery. The Federal Reserve may find itself with limited ability to stem this economic decline if it goes into this economic soft spot in the current interest rate environment while still thinking the tidal wave of new jobs is just around the corner. Does anyone think that the same guys who are dumping stock in record fashion (insiders) will go on or advocate a hiring binge? I have not heard anyone ask that obvious question. These guys are voting with their wallets regarding the sustainability of this recovery with their insider sales and why would they go on a hiring binge in light of this fact?

[Velociraptor_]

Hard to be major bearish with a chart like this.

Weekly is already oversold and if you look at the drop in the big picture, it is hardly a dent in the rally. Classic bull flag if I ever saw one.