Bear Market just started … Barack Obama should cheer
The Bear Market finally has started …
The Fed took itself out of the equation as they acted WITHOUT creating confidence.
Earnings are falling as consumer demand slows.
Analysts … AS ALWAYS … are way behind the market … and have a long catch up play to do to adjust earnings to a reasonable level.
Technicals scream SELL … and to feed the insecurity about the market environment, they start issuing HORROR NUMBERS (today’s ISM) not at the scheduled time, but just in between … AND the market ahead of the number ALREADY reacted as it KNEW IT … A G A I N!!! I call it FRAUD!!!
Just look at today’s chart for the BUND Future … all day BID … the explanation was delivered by the ISM number
I used to say … today, insider trading is forbidden … so, you have no insiders anymore … just people who know … and people who don’t
Therefore, I understand the Americans, if they vote for a change … the only person, standing for a change seems to be IMHO the “black JFK”, Barack Obama … Let’s see … Super Tuesday is running …
And, looking at history … a bear market virtually guarantees POLITICAL CHANGE!!!
Keep selling the POPS … today’s bids are tomorrow’s offers …
Tags: Barack Obama, FED, ISM, outlook
