This is an economic recovery?

DELL and INTEL just raised guidance last week......

the NASDAQ did not move higher, which is a tell, one would think.

plus when you look at how they beat #'s......

31% of Dell sales growth was from government and we must remember that Dell buys Intel chips; now Intel raises guidance. Government spending is almost 50% of GDP now; china is only 35%. Few are discussing why these companies are making revenue expectations and whether they’ll indeed prove sustainable.” jeff cooper

so the govt is spending more money than expected. that isnt exactly what one would call an economic rebound is it? that is just foolish spending. ive seen this movie before, and it ends bad!

welp the bulls bought that gap down

the house is liquid.

check out the big bad breakout on Citigroup. ugh, shudnt have sold that!

the fundamentals of this recovery are bad. i dont see how u can argue it any other way? the institutions that brought the country to its knees last october are the big winners in all of this. Goldman Sachs, JP Morgan, right down to Fannie and Freddie. who wont the govt bailout? CIT.........thats becuase they secure most the loans for 90% of the country. you know, the average guy. if that blows up, and since its a buck 40.........its done! thats real bad for the average american!

still not 1 new job created. jobs still being shedded. revolving debt going higher and higher with insanity like cash for clunkers and first time home buyer credits.

southpark did an episode last yr, that i thought cud have been funny, but i didnt think it was very funny, at first. it was about the economic crisis......long story short. stan gets a credit card and put everyones debt onto his credit card. so he ate all the debt and people started shopping again. maybe bush and paulson were super baked, and watched that and thought "thats a great idea" becuase i swear to god thats what theyve done. and barry didnt CHANGE a thing!

there needs to be an unwinding of debt. but we are adding more, to get the economy going. it worked in 2003, but look at the recoil? if this rally really lasts for more than a yr, can u imagine the next recoil?

i bought some pig flu back after whoring it out premarket on tuesday around 5.

i nibbled on some silver today at 13.85. just for a mark. i want it below 13 to add size.

Bulls better buy this gap down!

cnbc muttering something about china entering a bear market becuase that market is down 20% this month. i dont know how a new one starts.....if the old never ended......but i know we have had a huge rally. the spos rallied 50%, the RUT 62%. i also remember in 1933 and 34, the Dow rallied 134%....was the depression over, or in its 4th inning?

i shud feel better that mr buffett says the recession is over, but i think he is becoming like greenspan.......INSANE!

September and October, seasonally speaking r when crashes happen..........1929, 1987,2000,2008........the rubber gonna meet the road.

im not long or short, 100% cash.

Wrong again? Probably...............

Gotta love this game, until it kills you.

Futures in free fall after a bad Friday.

If this scenario just played out, this market is going to get really ugly, really fast. Hindsight will be 20/20, but that is never a comforting thought.

Since I ran a Hedge Fund and know many other fund managers, brokers, etc, I tend know how a lot of the big money thinks.

So the bulls run the tape up into the Fed Decision, but the volume was light. Usually a great sign that once those minutes are released the market will go lower. That didn't happen on Tuesday. Instead nothing happened at 215 when the rate decision and statement were released. Then about 15 minutes (upon further review), i think the bears caved in. The Bears were the buyers, after that statement came out. It wasn't real buyers. It was short covering. And right now that looks like it was the panic capitulation buying that occurs at major tops.

While it will always be the markets movements that make the news and not the news that moves the markets. As I have discussed, this has been a financial rebound. Main Street hasn't seen an uptick, yet. And if, finally, after about 50 years of expansion through debt, the US consumer is finally done. Finally done spending more than they make. Are the Baby Boomers finally done buying and now just draining out of their 401ks? what happens when the boomers start to sell down the 401k and the IRA, to live? that's a lot of supply of stock coming to market, and who is gonna buy it?

Long term my views have never wavered, but i may have gotten stuck top ticking this tape. it wouldn't be the first time. the key, if wrong, is to admit it, take some losses and move on. which is probably what I'm gonna do. which means selling my Citigroup, for a small loss.

this is going to be an interesting day. if the bulls buy the gap down, they its gonna be ok, for a while, probably. if we get smashed today and close at day lows, that would probably be a big enough dent to the recovery, that it would halt. the double dip is a reality and ben loses his job in early 2010.

when germany, france and japan suggest the recession is over and the world markets tank............well that shudnt happen and the begining of an economic expansion, should it?

so i guess i was wrong...........

y i own C..............................????????????? cant believe it. but i cant think of a reason why, and then look at the chart!

that usually works like 85% of the time becuase im dumb and charts r smart.

Tops are a process

The S&P 500 is making a rounding formation, which is bearish, till it isn't.......

all the economists who didn't see this coming, now say the recession is over, but in March they said the recession would still be spreading by now.......... So, essentially, paid Wall Street Economists move in herds (with their think like mentality). Outside of the rally on Wall Street, Main Street appears to be getting worse, not better.

If stocks roll over hard, that's when everyone will be talking about this double dip recession.......

I hope I'm wrong, but not much data to suggest jobs are coming. Without job growth, its tough for an asset based economy to grow organically. In fact, in seems like this bounce is coming for short lived stupid spending programs from DC, like cash for clunkers. This does nothing to change the structural dynamics of what plagues the United States, in fact, it adds to the problem, because at the end of the day, the average person walks away owning a new car (they really don't need), and having more revolving debt than every before. just to save a few bucks at the pump, get an ego boast from the new car and think you are eco friendly.

the average person needs to roll down on leverage, but again whether its the right or the left, its spend spend spend. when did spending become the American way?

looks toppy in here

add the bank of england to the list of central banks that have just up and lost their minds. the pound getting pounded.... no one bullish one the dollar. at 78, 83 looks doable on a counter trend rally.......that shud take about 500 off the dow.

i dont own any longs and am looking at some puts in the financial area, like Bank of America (BAC).

Have not put anything on, but want to.......