Replies to post #224261 on SwingTrade Member Forum (SWING)

[ksuave]

A year ago when Obama was inaugurated the country was in free-fall. Have you noticed, we're having a little rally in the market right now. Gree-fall. Rally.

The $1.39 is some obsession of morloc's and brigg's and I play with it just to taunt them. I don't see $1.39 as a target, I see it as a landmark on JBII's journey back to .10, but I no longer expect it to happen by 5/1/10. As a matter of fact, I expect there's going to be a rally that takes it up to 10ish, maybe even spike higher, before it begins its inevitable plunge.

Goodnight everybody.

[littlejohn]

I do have to shift my deflationary preaching podium just a touch now...

The rapid gov't spending slowed the deflationary price spiral...

Do you remember the runaway inflationary prices of the mid to late 2000's era?...That brought about pressure that companies could not make money in and led to widespread job losses...

Now if price stability holds then deflationary pressures will shift to folk's basic standard of living...

Debt of the gov't has to be paid and higher taxes will erode basic standards of living in average disposable income...

This isn't a one ride pony show...Its more like a long tradegy still seeking a climax...LJ