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Direxion Daily Financial Bear 3X Shares Message Board

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  • getalife443 getalife443 Aug 27, 2009 9:20 AM Flag

    Cant rally on good news

    We can't go down goes down ten, then seconds later they are up 15...... what's your point?

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    • Momentum has stalled, now it's time for reversal.

      1. Retail spending still declining.
      2. U6 unemployment at 16%.
      3. 2009 PE now over 24.
      4. FDIC even broke - needs cash.
      5. Foreclosures being "halted" by lenders.
      6. Compnaies cutting people and chewing up paid for inventory just to make a buck.
      7. Everyone at "break even at best".
      8. Inferior good sales now sputtering ...Walmart, McDonalds, Sear declining top line.

      It's time to slide down the square root sign IMHO,

17.26+0.31(+1.83%)Jul 25 4:00 PMEDT

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