Wednesday, September 3, 2008

Food For Thought

Let's assume we're in a recession. Let's also assume that the combination of the credit crunch persisting for the foreseeable future, a tapped out consumer and a slowing in Asia and Europe start to hit the US a bit harder.

Now consider this chart, which is a 10 year SPY chart.

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Posted by Hale Stewart at 9/03/2008 10:00:00 AM

2 comments:

NMMM.NU said...

Interesting...
This very much could be double top, but I think FED will create enormous inflation and stockmarket will not fall that much.

September 3, 2008 at 12:08 PM
zstock7.com said...

I think if they raise prices at the grocery store anymore, they'll be million man marches on DC. Best not to think about the FED printing anymore money for awhile.

September 3, 2008 at 4:00 PM

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