Monthly charts show big time oversold but this is a BIG TIME BEAR, could be biggest in history of stock market. Oversolds can stay that way for a very long time.
Believe me, spendaholics on Hill and spendaholic Americans will doom this economy.
Wait for the BKs to roll in.
I am talking a decade, maybe more..........
In this I am 110% confident in all my data - it is all I trust.
You see the FED is creating massive inflation, it makes folks feel richer, but they are not as their money grows more and more worthless everyday. Being a millionaire today does not mean nada - to be a millionaire you need 10 million and at the rate the FED is going that number will be 20M in a decade. Hyper inflation and in the end this game will fail.
This is the FEDS crime, the destruction of our money - we feel richer but are we really. If you own property and other assets that allow you to keep up with this inflation you come out ok. But I really feel for the folks that are not in this game - think of those that did not own more than one piece of real estate - they did not benefit by this housing bubble, there one asset only allowed them to keep up. Now a richer person that owned lets say 3, 4 or more income properties made out like a bandit. Pity the small fry of America, they are being left behind - this is a problem........
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