Technical’s show that the S&P has a small resistance spot at 1005 but can easily move through this zone. The question is how high can it go 1100? We need a slow steady gain but first we could use a small sell off to get the dollar up. A recession is no big deal and usually last 1-2 years but job losses and inflation can occur long after the recession is over. No market trades straight up and if it does we should question it! That is the guru’s job to question everything.

This entry was posted on Tuesday, August 4th, 2009 at 11:45 am and is filed under Financials. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.