Double dip recession has already started hasn’t it?

I’m looking for a slide to 6000. Its so unbelievable it will probably happen.

Holding all joking aside, I do follow the techinicals, but I don’t live and die by them.

I think we head lower sometime in January with Obama’s tax increases, state and local tax increases, and who knows what else he and Vice President Pelosi will come up with.

Throw in the health care fiasco passing and we won’t even make it to January.

Throw in the cap and trade passing and we make a S&P500 new low below 666, probably 550 or so. Maybe 150. Hard to say what a mess that would create for America.

That’s change you can believe in.

- Michael

Related Posts:

• S&P500 will hit 700 in 10 months or sooner.
• There is a huge risk of double dip recession is the government is not careful.
• The bill, as written, is a joke.
• Remember to pay your taxes…
• Nothing has fundamentally changed on Wall St or in Washington.

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