Economic Bailout Rally
The way the economy is at the moment, you might feel like you have a noose around your neck. Not the big boys, these economic bailouts have given them the chance to keep their big houses, expensive cars, fat bank accounts, mistresses…. Need I go on?
This Economic bailout rally has not really done much for you and me but?. The Economic Bailout rally, is my terminology for what has been going on lately. Bailout this, bailout that. That money tree in the backyard of the government seems sprouting furiously. How convenient! It’s like having your favourite fruit tree in the backyard, only when you pick off one piece of fruit miraculously and almost instantaneously two pieces of fruit grow in its place!
In all my 15 years as a trader I have never seen the crazy actions and reactions I have seen in this current market environment. If you understand a little bit about how this crazy world operates, you would understand this saying “Always Expect The Unexpected!” These economic bailout plans and actions went down quite well at first, but people are slowly waking up to what is going on now. Especially those that read my blogs or posts.
ANYWAY…
I was going through my charts earlier this morning and a few things literally jumped out of the page at me. Got me a little bright eyed, but that might have something to do with the 8 or so coffee’s that I had put away before lunch.
Below I explain this Economic Bailout Rally (with a chart) a bit more in detail, and 3 critical things that have gone on during this hyped up, don’t-worry-this-recession-is-nearly-over ” Economic Bailout ” rally…
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