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SPDR S&P Retail ETF Message Board

  • rabittmaranville rabittmaranville Aug 27, 2009 9:29 PM Flag

    Wellington Letter : Bert Dohmen

    He says there may be a big rebound in the GDP for about 2 Qtrs - then he predicts the bullish sentiment created will lead to a massive Bull Trap - and 2010 - 2011 will be periods of deflation never seen in this country - unemployment will pick up and consumer spending will tank - thus creating a double dip recession with the worst being the second leg

    And then from RR:

    He said that we are on the cusp of the "Change of American Standard of Living" - We have mortgaged our childrens and grand childrens standard of living -

    But retail stocks and "markets in general" are running - because everyone has deemed the recession is over!!!! Look out ahead

45.56-0.06(-0.13%)Nov 27 1:00 PMEST