The Fundementals Still Suck
I believe the global economy will fall back into a deep, deep recession by late 2010 or early 2011 mainly because of rising government debt, higher oil prices and a lack of job growth.
I'm buoyed by the news that Cap and Trade and ObamaCare will probably not pass. If either does, especially C&T the recession will begin by next Summer, if not there will be a sucker's rally that won't run out of steam until later in the year.
The fundementals don't lie, we are in desparate straits. I knew we were in real trouble when the MSM taked about the June "surge" in housing purchases. The "surge" was equal to the housing market in 1982. The MSM will keep this sucker's rally going because they can't diss Obama. But it will end.
I plan to be 90% out of the stock market by then. What few capital gains I will receive will be more than offset by selling the "blue chip" stocks I inherited from my aunt, down 70%. It was a blessing that she died when she did, she'd be a pauper today.
I plan to hang onto gold and foreign oil stocks and a few other recession resistant stocks.