This could get very ugly very quickly. Everyone was expecting, me included until yesterday a rallie to 1100/1110. Of course market didn´t care and plunge. Now what i see is that everyone is talking about 1040 that will lead to a new rallie... Which i doubt due to the mm50 and mm200 crossed in some indexes and valuable stocks.
Take IWM for example, this is a very weak chart and the break of 60 will give a 50 target easy. This situation with HFT´s and easy money Central Banks are distorting the markets and usualy the reality checks are painfully.
There is a BUDA phrase that said it all. The truth is painfull in the begining but sweet in the end. A LIE is sweet in the begining and painfully in the end. AND LIES IS WHAT THE POLITICIANS AND FED´S ARE SAYING ALL THE TIME ALL THE WAY. ENOUGH IS ENOUGH. The lie of 2009 and the reality check of 2010 and so on.
And a video from an american HERO. http://www.liberdadedescolha.com/2010/06/discurso-de-soldado-americano-que.html
Is the United States On Japan’s Path of Stagnation?
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We recently wrote Japan’s Lost Decades to appreciate better why Japan’s GDP
is smaller than it was in 1995 and why it took 35 years for its stock
market ...
Há 45 minutos