Pathetic Rally...
What a Pathetic Rally...
The Fed is out of bullets...they keep reaching in their pockets for more ammunition...but...no matter how hard they search....they are out!
Time and Pain is the only way out of this mess!
People...Investors...are in the final stage of denial...and soon reality must be dealt with!
Yes, we may have one more rally before this is all over..but...that will be the last for many, many years and it will be a short one!
Time to dig deep...face the truth and prepare for hard times!
Honestly....it scares me and at the same time fustrates me that they continue to throw more and more money at this and are just digging a deeper hole...deeper and deeper and deeper!
Let the true market forces take care of business and they will determine the path of recovery and establish the real truth....then and only then will I believe that we are in a true recovery and a sustainable economy. The sad part is that this will take time....10 years to be sure!
Major damage has been done and it will take many years to repair it!
Digger144
P.S. We can pat ourselves on the back from time to time and feel good about our short term
investment decisions, but if anyone of us think we have this figured out and are able to
conclude that we are successful traders....well....
I will let time take care of this investment.