Face it folks, when the Sec of Treasury pumps a billion plus into the economy and can't get any takers in the private sector to partner on some real estate ventures, Its DEAD. I went a little long today thinking some positive news would revive a little interest and maybe some entreprenurial (sp?) spirit and we get nothing but more bearshit in the face. I'm going back to the bear side when this POS gets back to where I'm even, I learned a lot today, not really hurt, just disappointed.
I have to say capitulation is the weakest of theories. There is this absolute faith that when the most stubborn investors finally give up, that the market has hit bottom. Of course there is no way to measure capitulation. Nor is there any way to quantitatively measure capitulation, and the bottoms for a stock or a market.
Yet many want to believe that once they hear adequate numbers of investors selling out, then the market will finally rally. Sounds like another urban myth to me.
This is the type of week that has to happen for a rally to begin- and this is the EXACT type of post that needs to start rippling through every message board and e-mail. When All hands are thrown up in the air in surrender- that's when it'll happen!
I feel totally stupid for having faith in government at all. All they have to do is end mark to market. It is so simple yet they will not do it.
I am starting to think this govt wants the economy to tank-more crisis, more opportunity.
I just can not believe they are going to let it go to hell.
I expected the downturn but then really thought the recovery had took- when Obama started yelling about evil bankers ( 5 companies do not make all banks) i should have realized that all he knows how to do is campaign, not govern.
biggest problem now is fear and govt is not helping- hopeing they get sane and smart quick