Replies to post #89629 on SPDR S&P 500 (SPY)

[Footquarters]

Hi Fish







Broke the 10 day average, went to the 20 SMA and up. Yep, MA's favor buying the dips..... Oil is above resistance at 80 so that will hold us up at in the market and at the pump. We are headed for $100 unless they take them down today. Housing prices are predicted to go down 11.3% from now till June of 2010, so the ATM will deminish even more, foreclosures on the 5 year arms will also start resetting so there will be many short sales next year on these properties next year. Rents will be getting cheaper with all the vacancies, etc. The real estate market sales have really dropped off the last couple of weeks, suggesting that the 1st time home buyer is exhausted. I have never seen so many stupid contracts, two realtors sent me contracts on homes where their people wanted the homes, but couldn't qualify for the loan, but wanted me to take the house off the market till they work on their contract and can afford to buy it???? Had to laugh as I was talking to them? "You can't be serious" ... came to mind....... but you can't fix stupid, so said send it over and I will file it ...... in file 13 LOL
Unemployment is at 11% in Florida and heading higher, gas prices heading to 3 bucks, so I as long as I can buy a book from Amazon and I can buy an Apple product the economy will do great LOL........ What a joke..... the Dow companies are going up because there is a weak dollar..... So fundamental look great for the future!!!!!