next debt shoe to drop.. US states

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Question. Who can name a financially responsible state that will complain they are bailing out the financially unresponsible state like california?

Greece vs Germany

Who can name a financially responsible state that will complain they are bailing out the financially irresponsible state like california?

There are only two that I know of....Montana and North Dakota. All other states will have budget shortfalls in 2010.

Will they complain? Probably not. And even if they did, who would care to listen?

Fib

Who can name a financially responsible state that will complain they are bailing out the financially irresponsible state like california?

There are only two that I know of....Montana and North Dakota. All other states will have budget shortfalls in 2010.

Will they complain? Probably not. And even if they did, who would care to listen?

Fib

Fib...summation gonna come down near zero and try to bounce? One more rally, and if no marked improvement...new lows in this wave.

summation gonna come down near zero and try to bounce?

Ideally, the bulls would like to see a move to around the -250 level which is the usual and customary point from where enough excesses in an uptrend are exhausted, and from where a resumption of the uptrend can then begin.

However, we've been above the MCSUM zero line for such a long period of time that a multi month rest below this same demarcation point might also be in the cards...too soon to say.

For now...the internals continue to strongly suggest that we're in a pause to refresh phase...the trend remains solidly higher.

Fib

Thanks Fib!

summation gonna come down near zero and try to bounce?

Ideally, the bulls would like to see a move to around the -250 level which is the usual and customary point from where enough excesses in an uptrend are exhausted, and from where a resumption of the uptrend can then begin.

However, we've been above the MCSUM zero line for such a long period of time that a multi month rest below this same demarcation point might also be in the cards...too soon to say.

For now...the internals continue to strongly suggest that we're in a pause to refresh phase...the trend remains solidly higher.

Fib

It 's over buddy. Bounces are all you can hope for......you are the champion of A/D and MCSum's but there is more to the market than those arcane #'s which are useful don't get me wrong.... when the dollar finally goes down for good the market will go further down along with it while gold and Agricultural stuff will soar. Just look at OIL, that's a barometer of deflation, 87 to 69 in three weeks......it does not get any clearer than that. Any long term investor that followed your bullish positioning from a month ago would be down at least about 15% by now, minimum.

GS.

summation gonna come down near zero and try to bounce?

Ideally, the bulls would like to see a move to around the -250 level which is the usual and customary point from where enough excesses in an uptrend are exhausted, and from where a resumption of the uptrend can then begin.

However, we've been above the MCSUM zero line for such a long period of time that a multi month rest below this same demarcation point might also be in the cards...too soon to say.

For now...the internals continue to strongly suggest that we're in a pause to refresh phase...the trend remains solidly higher.

Fib

It 's over buddy. Bounces are all you can hope for......you are the champion of A/D and MCSum's but there is more to the market than those arcane #'s which are useful don't get me wrong.... when the dollar finally goes down for good the market will go further down along with it while gold and Agricultural stuff will soar. Just look at OIL, that's a barometer of deflation, 87 to 69 in three weeks......it does not get any clearer than that. Any long term investor that followed your bullish positioning from a month ago would be down at least about 15% by now, minimum.

GS.

It is less than 7% when SPX drop from high around 122 to 114 today. Market may go up and close all upper gaps in May as it has marginally closed all lower gap today.

summation gonna come down near zero and try to bounce?

Ideally, the bulls would like to see a move to around the -250 level which is the usual and customary point from where enough excesses in an uptrend are exhausted, and from where a resumption of the uptrend can then begin.

However, we've been above the MCSUM zero line for such a long period of time that a multi month rest below this same demarcation point might also be in the cards...too soon to say.

For now...the internals continue to strongly suggest that we're in a pause to refresh phase...the trend remains solidly higher.

Fib

It 's over buddy. Bounces are all you can hope for......you are the champion of A/D and MCSum's but there is more to the market than those arcane #'s which are useful don't get me wrong.... when the dollar finally goes down for good the market will go further down along with it while gold and Agricultural stuff will soar. Just look at OIL, that's a barometer of deflation, 87 to 69 in three weeks......it does not get any clearer than that. Any long term investor that followed your bullish positioning from a month ago would be down at least about 15% by now, minimum.

GS.

It is less than 7% when SPX drop from high around 122 to 114 today. Market may go up and close all upper gaps in May as it has marginally closed all lower gap today.

Easy said now, but someone with stops to protect your capital would have lost around 10 t0 18% depending on where your stops were set.

GS.

summation gonna come down near zero and try to bounce?

Ideally, the bulls would like to see a move to around the -250 level which is the usual and customary point from where enough excesses in an uptrend are exhausted, and from where a resumption of the uptrend can then begin.

However, we've been above the MCSUM zero line for such a long period of time that a multi month rest below this same demarcation point might also be in the cards...too soon to say.

For now...the internals continue to strongly suggest that we're in a pause to refresh phase...the trend remains solidly higher.

Fib

It 's over buddy. Bounces are all you can hope for......you are the champion of A/D and MCSum's but there is more to the market than those arcane #'s which are useful don't get me wrong.... when the dollar finally goes down for good the market will go further down along with it while gold and Agricultural stuff will soar. Just look at OIL, that's a barometer of deflation, 87 to 69 in three weeks......it does not get any clearer than that. Any long term investor that followed your bullish positioning from a month ago would be down at least about 15% by now, minimum.

GS.

It is less than 7% when SPX drop from high around 122 to 114 today. Market may go up and close all upper gaps in May as it has marginally closed all lower gap today.

Easy said now, but someone with stops to protect your capital would have lost around 10 t0 18% depending on where your stops were set.

GS.

From SPX 122 to 105, the loss is less than 14%. If you have stop 7%, you lost 7%. If you have stop 3%, you lost 3%. The max loss is 14%.

summation gonna come down near zero and try to bounce?

Ideally, the bulls would like to see a move to around the -250 level which is the usual and customary point from where enough excesses in an uptrend are exhausted, and from where a resumption of the uptrend can then begin.

However, we've been above the MCSUM zero line for such a long period of time that a multi month rest below this same demarcation point might also be in the cards...too soon to say.

For now...the internals continue to strongly suggest that we're in a pause to refresh phase...the trend remains solidly higher.

Fib

It 's over buddy. Bounces are all you can hope for......you are the champion of A/D and MCSum's but there is more to the market than those arcane #'s which are useful don't get me wrong.... when the dollar finally goes down for good the market will go further down along with it while gold and Agricultural stuff will soar. Just look at OIL, that's a barometer of deflation, 87 to 69 in three weeks......it does not get any clearer than that. Any long term investor that followed your bullish positioning from a month ago would be down at least about 15% by now, minimum.

GS.

It is less than 7% when SPX drop from high around 122 to 114 today. Market may go up and close all upper gaps in May as it has marginally closed all lower gap today.

Easy said now, but someone with stops to protect your capital would have lost around 10 t0 18% depending on where your stops were set.

GS.

From SPX 122 to 105, the loss is less than 14%. If you have stop 7%, you lost 7%. If you have stop 3%, you lost 3%. The max loss is 14%.

Most people invest in the Nasdaq and XLF stocks as well, these suffered a bigger than 15% decline....
but that's not the point. we have seen the highs already for sometime. At least a year likely longer.

GS.