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alstry (36.17)

Get Ready for New Lower Lows

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March 24, 2009 – Comments (11)

[HSP] Hospira to cut workforce by about 10%

Airline trade group widens '09 loss prediction to $4.7 bln

Schlumberger cutting another 6,000 jobs

Williams-Sonoma net tumbles on slack demand

Gold, platinum futures slump in wake of Treasury bank plan

Falling Japan land prices stir deflation worries

Yes my friends, Deflation, Strengthening Dollar and Falling markets.  That has been the position of the primary pontificating practioner of Alstrynomics for sometime and that position is reaffirmed this morning.

Yesterday a phyisical gold layer formed behind the existing physical silver layer on the massive convex reflector formation between 7500 and 7800.  By mid day it was only to 7650 and eventually created what seems to be an incredible impenetrable 300 point layer IN ADDITION to the silver 300 point layer.  We call this a Symetric Reflectic.  And true to its spector vector stopping power, those slimy buggers ran out of steam at the 7775 level....but you gotta give em credit for making it that far.

Never before in the history of Alstrynomic's Techno Trance Analysis has a double convex backing layer been penetrated.  Further, even if it is, we have to watch out for platinum layer forming or heaven forbid the ultimate layer...enriched uranium which almost guarantees abatement of any further additional upward movement.

In doing a photon spectrometer analysis, it appears 5000 to 5500 will be the next party zone before we could see a charge to 3500 to 4000.

Welcome to earnings season my friends...April Showers wet anyone's flowers.

11 Comments – Post Your Own

#1) On March 24, 2009 at 8:20 AM, kaskoosek (90.37) wrote:

Alsrty

 

Gold and platinum short term price movements are just noise.

Do not worry, we are going to see more and more people dumping the dollar.

 

Time horizon is years and no just months.

 

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#2) On March 24, 2009 at 8:22 AM, alstry (36.17) wrote:

kas....

Just looking out as far as I can see right now.....when the horizon changes.....so will Alstry.

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#3) On March 24, 2009 at 8:24 AM, kaskoosek (90.37) wrote:

Alstry

You are mileading a lot of investors on issues of inflation and precious metals. 

 

I do not think that you have a good track record regarding this particular aspect of the economy.

 

Market is confused, because last time I checked the treasury was going to foot the bill.

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#4) On March 24, 2009 at 10:08 AM, Rehydrogenated (32.32) wrote:

At least Alstry is keeping people sane by pointing to the facts about inflation/deflation in our CURRENT environment.

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#5) On March 24, 2009 at 10:33 AM, alstry (36.17) wrote:

Kas....the market is not confused......

prices are crashing everywhere around me.......

wages, prices of homes, rents, hotel costs, restaurant specials, shipping costs.....and soon you will see it in food costs........

you can fantasize about inflation all you want.....I do it all the time.....just not about inflation........but reality is what it is and you can't fantasize it away

We now have price declines or stability in many commodities like oil, gold, grains etc.....

I do understand your concerns about inflation.....it is just not reality right now......and Alstrynomics is all about reality.

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#6) On March 24, 2009 at 10:38 AM, kaskoosek (90.37) wrote:

alstry

I respect your oppinion, we will agree to disagree. I know that these debates reach no where so I will stop my arguments. I think that maybe you are looking at the wrong places.

 

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#7) On March 24, 2009 at 11:38 AM, alstry (36.17) wrote:

Kas,

There is nothing to disagree about with regard the CURRENT deflation......the future is another story......when inflation kicks in.....I will be there......I promise

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#8) On March 24, 2009 at 12:21 PM, R0BI2010 (76.53) wrote:

Please correct me if I'm wrong, but don't inflation and deflation have to do with the expansion and contraction, respectively, of the money supply?  It seems like you're looking at falling prices and calling it deflation when it's clear that the money supply is being greatly expanded (i.e., inflation is occuring.) 

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#9) On March 24, 2009 at 12:33 PM, alstry (36.17) wrote:

It depends how you calculate money supply....I have blogged about this in the past.....and under the Alstrynomic definition of money supply......aggragate supply is likely stagnant or contracting right now.

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#10) On March 24, 2009 at 2:33 PM, R0BI2010 (76.53) wrote:

I see - so I take it you're saying that the wealth destruction that has occurred over the past year is going to greatly outpace the amount of money being created by the government.  I'll have to try to find some of your blog posts on the topic...

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#11) On March 24, 2009 at 11:32 PM, R0BI2010 (76.53) wrote:

Dude.  You have a lot of blog posts.

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