(click for larger image)
How did the US market take it?
Are we going back to re-test 8,000?
At this point, I don't have any answers. Sitting on cash and watch will be the best thing to do now.
Monday, November 17, 2008
Implications of slowing US consumer spending
First how bad it is? Historically, it's very bad. But the deteriorations started way back in the end of 2007 but accelerating in the second half, has the system begin to adjust itself and going into the darkest moment - worst yet to come ?
(click for larger image)
How did the US market take it?
Are we going back to re-test 8,000?
At this point, I don't have any answers. Sitting on cash and watch will be the best thing to do now.
(click for larger image)
How did the US market take it?
Are we going back to re-test 8,000?
At this point, I don't have any answers. Sitting on cash and watch will be the best thing to do now.
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3 comments:
I follow yr blog closely.. Very insightful.. Can you post S&P 500 and DJIA graphs/charts for last 10 years..?
i once read a term you used for controlling money to trade in stock market and preserving the rest for recouping the loss, if any.
What's the term.? Size positioning.? When was the article dated.?
I used it to illustrate capital preservation to a fren and wanted to use the proper term..
Not sure this is the one that you are referring to?
http://turtleinvestor888.blogspot.com/2008/08/art-of-risk-control-position-sizing.html
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