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Replies to post #5 on ETF Master

Replies to #5 on ETF Master
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stock2windaily

05/14/09 7:56 PM

#6 RE: FiremanDave #5

Long Term holding for me!

1.) Housing foreclosures in standstill - until inventories are eaten through - doesn't mean the problem is gone.

2.) Unemployment continues to rise - even though the media spins it and makes it sound like its less then we thought - we are still going down as long as jobs are being lost.

3.) Unemployment will be huge in the future - Chrysler in bankruptcy - GM to follow - that involves restaurants, parts manufactures, etc.......

4.) Credit card debt has become a crisis - $2.98 trillion. Defaults are climbing.

5.) System is being held up - by temporary fixes - lets call them bandaids for a very large wound. Stop the bleeding, yes - long-term - probably not!

6.) People who can't live on unemployment, don't file for unemployment - they deliver pizzas temporarily and don't reflect the numbers.

7.) Banks have risen up substantially - profit taking is bound to happen - which could trigger a large selloff.

8.) Stress Test is forcing banks to raise capital - IE -- stock dilution.

If these reasons are bogus - or if anyone has an argument against them - I welcome your posts!

Someone please make me feel more positive - LOL!