User Comments

1. 

   4/29/09

   harveyavatar

   Bull trap.

   [reply]
   1. 

      4/29/09

      everydaypeople

      And that's supposed to mean what, exactly? A comment on the signs? A comment on the notion? A general statement of your mood? If you're seeing signs of just the opposite, I'd be interested to hear about it.
   2. 

      4/29/09

      harveyavatar

      A bull trap is a stock market term where investors get sucked in by renewed optimism, only to see an abyss open under their feet.
      
      
      
      Aka "dead cat bounce". Let's give it a couple of months.
   3. 

      4/29/09

      everydaypeople

      Thank you for the clarification. I didn't know the term.
      And that's a theory I've heard. As you say, we'll have to wait to see. Here's hoping you're wrong.
2. 

   4/29/09

   Agit8r

   I haven't noticed a significant downturn here... probably because Spokane's economy is largely based on Californians who sold their $875,000 bungalow and moved into a mini-mansion here

   [reply]
   1. 

      4/29/09

      everydaypeople

      I wonder if that's an explanation of what we're seeing in the Hudson Valley as well - New Yorkers fleeing to life in the country.
3. 

   4/29/09

   satijournal

   Consumer optimism is increasing, so that's a good sign.

   [reply]
   1. 

      4/29/09

      everydaypeople

      How strange that it's almost scary to be optimistic. But I'm all for cautious optimism.
4. 

   4/29/09

   Agit8r

   Giethner hasn't been on TV...

   [reply]
5. 

   4/29/09

   csiunatc

   Violent swings on the stockmarket is not a sign of improvement. That's a sign of the market not knowing which way it's going.
   
   Unemployment is still rising. No matter how you turn it, less income to go around is going to hurt retail, no matter how the employed are spending their money. Increased spending among the employed is a bad sign when you consider the spending patterns.
   
   Less employed equals less revenue for the state. And the spending is increasing. Less income and more spending is a bad startingpoint for the future.
   
   Oil prices are dropping again, that is an indicator that the market is assuming a drop in production of almost every market.
   
   No, no good news so far. Still not certain if the market took out the total loss in late '08 and is now sitting on a speculative gain of 1700 points or if the market overreacted and has recovered, But the fact that all indicators point down, and the market is going up makes me very nervous.
   
   I sold almost all my holding stocks in october and got lucky. Since then i've been in and out of the market in periods and done ok so far. But Right now, i'm passing on investing because i can't predict even a single day in advance. let alone a week or a month. With the new flu causing speculative loss and profit earnings before it's even taken hold anyhwere with any real power is a good indicator that no one knows anything.
   
   I'm guessing we will return to the low 7000 before june, and I don't think it will get much better from there. August will be the determiner of what the real situation is. By then, the artificial supports will be largely gone and the real situations will reveal themselves.

   [reply]
6. 

   4/29/09

   beinki

   I see the economy stagnating for at least 6 more months before any real positive upward movement, and thats only if government gets out of the way. Which We know won't happen. Buy Gold and a bigger mattress until 2010 at the earliest.

   [reply]
   1. 

      4/29/09

      Agit8r

      Define government get out of the way... Is that stop giving money to the crooks who run most of industry, or; Grassroots gov't keep giving them land and changing zoning arbitrarily on their behalf, and let them run roughshod over the populace! I find that in general those who propagate the "gov't get outta the way" message are of the latter camp, believing in the fairy tail socialist utopia known as "Job Creation"