The global economy is unraveling.
IS A BIGGER NIGHTMARE BEGINNING?
The rebound we had expected in the first quarter or so of 2009 is in trouble, or at least on hold. The Obama bounce has so far become the Obama bust. We suppose the signs were there earlier. November 5, 2008 – the day after the election – the S&P 500 dropped 5.3 per cent. January 20 (Obama inauguration day) it dropped another 5.3 per cent. It is an ominous start … [ read more ]
Subscribe to David’s reports and read more about:
- Rebound floundering.
- Dow makes new lows and takes out 2002 lows.
- Could something bigger be about to happen?
- We don’t think so but we may have some work to do here.
- Targets on the DJI is potentially down to 6500 as we detect a potential descending wedge pattern forming.
- Some comparisons with the 1930’s
- Bonds on the rebound but the major bond rally is over.
- Gold correcting but we are going to go through $1000 and higher.
Want my reports emailed to you? Subscribe Today!
These are 3 separate reports (more details here) (at least 44-46 per year): a fundamental and technical perspective on what’s happened during the week and what’s shaping up for the coming one. The Technical Commentary, Technical Scoop & Chappy's Stock Picks.
Subscribe today for access to all of my reports for only $9.00 per month! Have new reports emailed to you directly, PLUS get members access to all my past reports!