$DJIA has been lurking just under 200MA for the past 7 trading days. That MA had previously acted as support. If DJIA starts downward from here, that means lurking is over and the downtrend is getting going for real.
DON’T BE FOOLED.
“Net worth” is an imaginary number.
Numbers which aren’t imaginary are the debt numbers and the savings numbers.
FOR ALL THOSE COMMENTING, THE CONSUMER (AND HOUSEHOLD) HAS NOT DELEVERAGED ANYTHING SINCE THE #FINANCIALCRISIS
Brokers blamed seasonal one-offs, the weather… anything except massive government intervention and lack of reforms.
Rob Kirby: It’s Not If the System Collapses – it’s When