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Petróleo Brasileiro S.A. - Petrobras Message Board

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  • phoenix773 phoenix773 Jul 9, 2009 9:20 AM Flag

    Re:when market turns around at the tail end of the day

    "(1)Positive GNP (2)Companies beating expectations (3)great christmas sales expected"

    You are watching too much CNBC. And just where io the American consumer going to get the money or credit to have great Christmas retail sales?

    Nope. The next stage of the bear is coming. All the bulls are already in and going to start hurting. No one left to move the crooked market up except the Fed and Treasury.

    BTW, there is NEGATIVE GDP for many Asian country's as well as most of Europe. Like I said. You watch too much CNBC.

    A little rally today and tomorrow from an oversold technical position and then....and then.....and then...... time to add more shorts.

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5.42-0.12(-2.21%)Oct 12 4:01 PMEDT