Where am I wrong please tell me.
People are saving now so less spending here in the states. Europe is loosing buying power because of the power of the dollar is rising. Most of the people who propped up sales last year and during the Christmas season were from Europe. If they don't come from Europe where will they come from? Lower sales more layoffs tighten credit Fan and Fred banks had to buy back unusable (For Now) central bank loans so where is that money going to come from. The Rich are not buying homes because they say prices have not come down enough. They should so why are we not listening to them? Building in Manhattan are having trouble getting credit and the buildings might not get finished. Home sales in Manhattan some of them were from 3 years ago. Fan and Fred won't need more capital if the market doesn't get worse but it did. Members of Fan or Fred came out and said they had enough capital but then so did BS. Collages not accepting certain loans from loan companies because of high fees or non payment. Banks are rising yet what else is lurking on the balance sheets? Then there is the good old USA selling corn and wheat to IRAN. yep We sure want to stop their nukes that they MIGHT GET. I still don't believe the translators the USA used. Buffet buying into American Express not Wells Fargo. The Treasury = IMF=World Bank or central bank (FED) taking charge of hedge funds that won't even let their wives or husbands know what they are holding.They now have control over Banks,Trading firms IE GS C and what not, Fan and Fred and now the hedge funds are next. Were are in a mess and each candidate are both CFR members. SO now the World Bank owns the USA and all the stats are out that there are just to many people in the world for resources so the power that be will start WW lll to cull the population. So the commodity prices will rise as well as well as defense stocks. Then commodity prices and oil will be needed to rebuild all that was torn down. I listen to Russia and China and both Countries say that we as Americans don't understand that their Democracy is not the same as ours and never will be. Yet we will push to a certain extent because that is what the powers that be want war not peace because more money is made that way and they gain more control and the population is culled. So now what will china do now that the Olympics are closing? They will build more because they are using us to surpass us as the world wide super power. Now the fun begins. As Americans we have been brought up in the last 20 years that everyone is nice and we want to all live together. As long as we are the ones. That is bush favorite saying. He wants to be the dictator. Russia and China don't like that and whichever candidate gets in if they get in and they follow the game plan of bush which they will then it will be war. When ever power and money get going then look out because it will be a roller coaster. The world is not nice and most of the world hates us right now. They trade with us but they don't like us. So given all of the above I think in the short run of 1 mo the market will rally until mid Sept and then reality will hit again and we will drop the gains and 20% more in losses.