I don't like giving bad news to good people. So this is it: I think we in for a knockout decline to the abyss by March or so. I love Obama and all that he brings to the table however, but the 'secret' hole was punched into the wall back in October. Its January going on February and it looks like it back to down down down. Why? well for one the "banks" are back and they are mpy going away empty handed. Second the housing market is, sorry was, ramping for a counterattack- I don't think so. Didn't this thing start with the words 'credit crisis' came around. Credit cards in the future will be for hundreds of thousands of dollars because only a few will have them. Another indicator for my mind is the 'currency super spike and dips'. Last week the news of Toyota's problems hit and asia markets/currencies was dropped hard. That during Obaman presidential nomination.
Happily the currencies will be around in the future and making some now would not be a bad idea. I need a vacation and soon as the kids are getting large and I haven't got out of california in years-hawaii is always on the corner of my mind. In real curreny trading USDCAD is overbought so I traded thurs. - fri. for a 50% profit. Also GBPJPY is the lightning bolt trade - a true indicator of the power of money. Tomorrow starts a whole new currency week so have a great weekend and keep your head up.
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