10% gain for the past two weeks is not enough?

By Daniel at 30 July, 2009, 11:28 am

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You don’t have to be a bull to make money in an up market. This is a bear market rally and even the best analysts on Wall St. say that. I listen to KFFN, a financial radio show and they are making money in the rally, called the rally back in March in some cases and are loving it but, they all say they are not bulls but bears, enjoying some nice returns.

The depression will last many years. This is a very similar pattern to the 1930’s and interestingly, this morning on one of the financial shows, they were pointing out how this rally was mimicking things that went on in the 30’s.

Remember, this isn’t an “inventory recession” but rather, a “credit recession” (or depression) that takes many years to shake the debt out and it will run in waves.

JanPaul