7.08.2008

ITS OBAMA STUPID


Futures markets pointing to another weak opening as overseas markets get crushed yet again.


So is it time to get bullish or is just dumber and dumber?


VIX +MORE sees something bullish;


The Quant on another extreme;


Barry wondering if the markets are pricing in an Obama win or possibly something else:


1) the housing debacle;


2) the credit crisis;


3) $145 oil;


4) 6 consecutive months of negative employment data;


5) nearly $5 gasoline;


6) 40% devaluation of the dollar;


7) massive financial sector write offs;


8) an exhausted U.S. consumer;

2 Comments:

Anonymous Anonymous said...

no I don't think market has price in all those negative stuff... if it did, wouldn't we be way lower then 2002 low? Gas at $5 is certainly way higher if not double then 2002 gas price. Credit and financial shape is way worst then what 2002 and so is everything you stated on there. So maybe we will break 2002 low and make $SPX a giant double top!!

9:25 AM  
Blogger DAVID said...

rarely do we go straight down and who exactly doesn't know about these issuss?

9:31 AM  

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