I am sure that this is simply a “dead cat bounce”!

What is very ironic is just with a simple rumor on speculation that the GDP and the economic situation will be worse than before the markets go for a big down run. Then when the reports came out they were just slightly more positive than what was expected, and the markets turned right up again. Another issue that contributed to the run-up is that most everything became so cheap they looked like a good buy.

What I keep ranting about; is that with the employment figures still on the decrease, and consumer spending still on the way down, I cannot see any long term progress in the economy. In reality the markets should still be on the decline. I am convinced that we will have some more big down runs very soon. And, if there is no real viable improvement, we will certainly have a much bigger fall than before!

What’s really interesting is our markets are like they are on a roller coaster. Bad rumor, they go down. Some slightly better news, they go up. More bad rumor, they go down again, Some slightly better news, they go up again. And… so this keeps going on, and they are still not consistent.

The economic reports can be said as, “Going from most terrible condition to very bad”.

Ever visit any shopping malls lately? Check out the shoppers… They are doing a lot of looking (wish listing), but there is very little buying. They buy some cheap junk food because they get hungry from walking and wishing.

Jerry G.

Related Posts:

• This recession is far from over! We’re just lucky that it did not turn in to a full depression.
• The unemployment rate could hit 10.3% in Friday’s report.
• China’s nowadays is similar to the 1920’s and 1930’s.
• I got a feeling we’re on our way down! On CNN, Biden said we hit bottom.
• Told y’all that the Chinese market was about to bust.

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