Words, words , words. That is all we are getting about what is happening in Greece. Greece should default because they owe so much money , they can never pay it back.
What about Federal Reserve? Again words , more words and growth forecasts are lowered again.
We will have a 0.25 increase in rates in Sept , 2015 but they will not raise interest rates much in the next 5 years. There are trillions of dollars floating around and millions of people around the world who are willing to work at one third the cost of American labor.
Why not increase the debt by one or two trillion dollars and start a huge infrastructure program and build highways, bridges, airports, fast bullet trains etc etc to Chinese and Singapore standards. That is the only way the middle class will gain money and jobs. Otherwise , start a new company in bio, healthcare or any of the new technologies and get rich beyond your expectations. You will get as much money as you want for your new venture. The high technologies will only destroy more jobs and no matter what we do , it cannot be stopped.
In the mean time interest rates will not go up for the next 5 years because we and Eurozone and Japan and China cannot afford higher rates .
As predicted we had a nice rally in the last 3 days. Today market will go up to the highs set up yesterday or to recent highs and then more decline will start. Transportation stocks and Utilities are already making new lows. So the rest of the market will follow suit.
Gold an Silver are giving a BUY signal on a short term basis. Energy stocks will continue to go lower
Last 3 days of SPY
Last 5 days of DIA
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IWM
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$DJT
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What about Federal Reserve? Again words , more words and growth forecasts are lowered again.
We will have a 0.25 increase in rates in Sept , 2015 but they will not raise interest rates much in the next 5 years. There are trillions of dollars floating around and millions of people around the world who are willing to work at one third the cost of American labor.
Why not increase the debt by one or two trillion dollars and start a huge infrastructure program and build highways, bridges, airports, fast bullet trains etc etc to Chinese and Singapore standards. That is the only way the middle class will gain money and jobs. Otherwise , start a new company in bio, healthcare or any of the new technologies and get rich beyond your expectations. You will get as much money as you want for your new venture. The high technologies will only destroy more jobs and no matter what we do , it cannot be stopped.
In the mean time interest rates will not go up for the next 5 years because we and Eurozone and Japan and China cannot afford higher rates .
As predicted we had a nice rally in the last 3 days. Today market will go up to the highs set up yesterday or to recent highs and then more decline will start. Transportation stocks and Utilities are already making new lows. So the rest of the market will follow suit.
Gold an Silver are giving a BUY signal on a short term basis. Energy stocks will continue to go lower
Last 3 days of SPY
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