A double dip recession is likely.
By Daniel at 23 December, 2009, 2:50 pm
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Without new suckers, the stock market ponzi scam would collapse. And if it does, the new investors or those who buy now lose their money. Notice that the run up in the stock market has slowed over the past months? Same as a roller coaster ride, it runs up fast, slows at the top and drops at full speed to the bottom. That’s the laws of gravity and the laws of the stock market ponzi.
I’m seeing on the currency markets is a downward trend, similar to august 2008 levels, and stocks usually follow the same trend. Forget listening to the media, 80% is all BS. Follow your own instincts. Its your money, so don’t let these fool you.
I think we are definitely going into a double dip recession, the world is hurt. Media are trying to prop it up, and eventually someone is going to kick that stick, and will come tumbling down, right before your eyes.
Stick with good solid companies. At least 30 odd percent of stocks are at there march lows, or have even gone below that.
Shipping is sinking again, but after January will produce a good report, but only due to Christmas activities. Short term they’ll sink further into submarines.
Merry Christmas, and a Happy New Year.
- bobzillauk
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