Wednesday, May 13, 2009

What recovery?

Retail sales drop raise worries on economic recovery. Folks you have been sold down the river by some smooth talking banksters, the recovery is a mirage. To put it bluntly, I was right and the debunkers were wrong. Take a low at the dow dropping near 200 points today.

You cannot have a sustainable up trend in the market when earnings are down. People are being let go, and states are saying that sales tax and income tax shortfalls mean that they too must cut people. It is getting ugly out there.

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