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EPS100Momentum (71.71)

Markets Rally 15% in 5 days

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4

November 28, 2008 – Comments (5)

What's next on economic data? Next week we find out how bad the economy is and if the 15% gain in the Markets in 5 days is well deserved or just a dead cat bounce.

1. auto sales for November on Tuesday

2. Fed's beige book on the economy Wednesday

3. jobs report Friday

5 Comments – Post Your Own

#1) On November 28, 2008 at 4:34 PM, johnw106 (60.90) wrote:

Im going to take a guess.

Auto sales will be up a bit over October but still ugly.

The fed report will be a suprise in a good way.

Jobs losses will look bad but the sectors will look good. In other words few if any losses in sectors that matter. The bloated finacial sector will see big losses.

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#2) On November 28, 2008 at 7:42 PM, OtherOracleOfOMA (67.94) wrote:

This is a dead cat bounce for sure. People seem to be unable to accept the reality that we're in a deflationary downwards economic spiral. Margins are evaporating, unemployment is rising, defaults are soaring - this is not going to turn around any time soon. There is no light at the end of the tunnel.

But, by all means, readers are free to listen to the perma-bulls - you know, the same guys who were saying what a steal Wachovia and Bear Stearns were back in January.

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#3) On November 28, 2008 at 9:04 PM, johnw106 (60.90) wrote:

Depends on who you beleive. The middle of the road people who think its not so bad. Or the right wing gold nuts who say the world is ending.

The ones who manage the money and actualy buy and sell are buying. They think the analysists are full of crap and ignore them.

I would rather beleive the people who actualy work in the markets than some twit at citi or bac. And anyone who listens to air bags like Rogers and Faber...well I dont know what to say.

Peter Schiff I like. But a fifteen year bear market? The begining of a twenty five year depression? If it does get that ugly you wont have to worry about stocks. It will be more a matter of worrying where your next meal is coming from.

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#4) On November 28, 2008 at 9:45 PM, ikkyu2 (99.52) wrote:

Man, have you looked at volume this week?  This cat is made of springy, elastic rubber.

And it's not alive.

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#5) On November 28, 2008 at 9:48 PM, lasvegaslf (39.12) wrote:

There's enough negativity going around to begin with .

What I don't like is this element of fear constantly brought up by some investment gurus who seem to be trying to instill this fear in us !  Keep telling a toddler to NOT try to walk , because he'll hurt himself , and guess what - it will take that child much longer to get on his own feet !

 That's exaactly what many "specialists" seem to be doing !  My mailbox and emails are flooded with this attitude .

Greed got us into this - now we have to help and share with others . But the banks are making that almost impossible for the average buyer .

Any ideas out there?

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