Dow Jones Above 9000 is heavily overbought, you should consider to buy TZA/FAZ
By Daniel at 3 August, 2009, 1:18 pm
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
I don’t care how many sunshine pumping, false articles are posted. I know the economy is terrible and its not getting better. I will not be duped into investing my money in the market despite your advertising. In fact, Dow Jones raised above 9000 might be a good time to short the market. You may want to consider buy some shares of TZA/FAZ.
*Corporation earnings “better than expected” mostly built on cost control. They mean keep cutting cost to shape their next earning reports. More job less ahead.
*Make 1Q’s GDP worse than it should have and 2Q will look much better.
*Government boost spending to cover the hole as consumers stop spending. However, compare to 1Q last year, government down about 4% But in the second quarter government spending increased at a 10.9% annual rate! You see what is going on this quarter. Government manipulate the market in full swing.
*Wall Street profits from trades with Fed. Definitely not substantial market growth.
*Oil at $70 is real good news for the bears; don’t people know, that with lower incomes and bad home wealth effect, nobody’s has the moolah to pamper oil up to abt %75;
*The last non-farm Payroll report was a disaster! There are 2 leading job data indicators, with intense studies, that are linked to growth. As its a proprietary analysis, I cannot reproduce them here, but both those have turned sharply down last month, auguring quite a spook ahead. Job market may not start recovery until late 2010.
*Even if the ISM comes out a tad better, of what use are more goods, if consumers ain’t gonna buy them?
*Goods shipped (rail and truck), along with port statistics, are all showing double-digit declines averaging 15-20%. You can’t sell what’s not in the store and to get it in the store you have to ship it.
*However, the government also allowed banks to hide stupendous losses - a trillion dollars or more - by intentionally overstating the value of assets.
“Prompt Corrective Action” is supposed to insure that when the FDIC takes over a bank it suffers little or no loss. This has worked well for over a decade and justified the FDIC holding only $50 billion in cash to insurance $8 trillion in deposits.
Source from http://market-ticker.org/archives/1284-Pump-Monkey-Orgasms.html
Direxion Daily Small Cap Bear 3X Shares (TZA)
The investment seeks to replicate, net of expenses, 300% of the inverse daily performance of the Russell 2000 Index The fund will invest at least 80% of assets in securities that comprise the index. It will also utilize financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The fund is nondiversified.
Direxion Daily Financial Bear 3X Shares (FAZ)
The investment seeks to replicate, net of expenses, 300% of the inverse daily performance of the Russell 1000 Financial Services Index The fund will invest at least 80% of assets in securities that comprise the index. It will also utilize financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The fund is nondiversified.
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
No comments yet.