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Varchild2008 (83.70)

This "Rally" STINKS!

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March 19, 2009 – Comments (8) | RELATED TICKERS: HAL , EGY , KO

This isn't a Stock Market Rally... This is total bunk!

I may have been bullish on March 1st... But just a few days ago... "Mall-O-Nomics" kept whispering in my ear... Check out an earlier blog post I wrote.... It kept saying:  "Watch the Dollar"

And guess what?  I am watching the dollar get absolutely trashed by OBAMA!!

The OBAMA  / BERNANKE    JIMMY CARTER  Socialist Bonanza is going to totally reverse this rally.

Want to see DOW 6250???  You will...Mark my words!    OBAMA think you can just simply PURCAHSE a better  economy.  He's wrong!

Varchild = BEARISH and Heavily hedged in ENERGY SECTOR

8 Comments – Post Your Own

#1) On March 19, 2009 at 12:51 PM, BradAllenton (31.35) wrote:

Glad you could join us. I thought the mall voices kidnapped you and your money.

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#2) On March 19, 2009 at 12:53 PM, greattrader1011 (29.37) wrote:

Welcome to the Dark Side.

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#3) On March 19, 2009 at 1:07 PM, MikeMark (29.43) wrote:

Dow 6250 is high. There's a good chance we will see Dow 2800 in 2007 dollars. Note the 2007 dollars qualifier. As you said, the dollar is getting trashed. You are being taxed without representation by the inflation of the dollar. Do something about it. Buy Gold, Silver, even good land in a place that is expected to experience increasing poplulation.

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#4) On March 19, 2009 at 1:10 PM, StatsGeek (29.24) wrote:

Your anecdotal observation that "the malls are full" was interesting.  Here are some of my personal anecdotal observations:

Several of my closest friends are experiencing real financial pressures that they didn't have a year ago.

One is a lawyer whose company gave 0 bonuses for 2008 and just announced forced unpaid days off each month to cut costs.

Another started a business and will probably have to close the doors soon.

Another's wife just took a job after about 10 years as a homemaker in order to add extra needed income.

And then, the one I find scariest:  day laborers have always hung out at my local Home Depot hoping to be picked up for odd jobs.  The number of these that I would see used to be about 10-15.  It was about 200 the other day!

 

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#5) On March 19, 2009 at 2:19 PM, Mary953 (76.59) wrote:

Another not so nice bit of wage deflation - a friend works as a mechanic.  He is paid by the hour and an hour is was divided into 4 parts for billing purposes.  Repairing part xyz might require being billed at 2 units of labor (half hour).  For the last 3 months, the dealership has divided the hour into 6 parts.  Repairing part xyz still is billed at 2 units of labor and still requires every bit as much work, but now my friend gets paid for 20 minutes of work instead of 30.  He now has to work a 60 hour week to be paid for a 40 hour week.  No other change was made, but the dealership immediately was able to cut its labor costs and mechanics' salaries by one third just by changing the definition of a unit of work from 15 minutes to 10 minutes.  I cannot express my opinion of this company without resorting to language that I would not use (and truthfully I do not really know), but since this is a computer, I don't have to know any real words to say &^$ ^&^&()*&&^$@^^&Y(***%^#^$%^(*&(*&%^@^%(&^*( %@^&(**&Y%^%^(*&%^%$%()&^!    

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#6) On March 19, 2009 at 2:41 PM, iamnik77 (95.54) wrote:

Never really thought of it as a rally. Just a small blip in a sea of ups and downs. Don't really need a rally. Just interested in buying pieces of good companies at good prices.

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#7) On March 19, 2009 at 4:09 PM, Varchild2008 (83.70) wrote:

Hey nothing changed in my analysis folks... Nothing..

Except Dollar plunging and Energy going up and it's not even May yet!   I'm basically *pale faced* at the prospects of what Gasoline Prices are going to look like on Memorial Day.

You have states that have already increased the Gas Tax and states like Michigan whose Governor has been considering increasing the tax....

There's total bad news for the bullish spending we saw in February and 2nd half of March.

This spending is going to slow to a crawl at some point and all of those "nice" economic indicators that went up are going to plunge now:-(

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#8) On March 20, 2009 at 2:07 PM, Gemini846 (49.86) wrote:

Mary953

This has nothing to do with your friend but goes against my general distrust of repair shops that normally bill in 30 min intervals.

Do you think they might have done that because people were finishing an hour job in 40 min and then sitting on thier butt for 20 min?  The problem was likely that they couldn't do "more" work in the billed slot. IE You couldn't do 1.5 hours worth of work in an hour, but now you can. 

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