Economy shrank 1% in Q2, new home sales jumped 11% in June, where will Dow go from here?
Fred Day
Jul. 31, 2009

The US economy did hold up with the one trillion dollar borrowed stimulus money. It continued to shrink in the second quarter making this recession the longest on record, but the more moderate decline lifted hopes that government stimulus measures could be loosening the grip of the downturn. Interestingly the new home sales sales jumped 11% in June. The biggest question is where does Dow Jones Industrial Average go from here?

Every sane analyst knows the bear market recovery snap backs are always marvelous. They are short lived but can cause serious panic in the pocket books of the bear. Dow Jones Industrial Average will top out in a month or less around 10,000 mark. The fundamentals are very bearish. The bear markets next leg will be devastating because there will be no stimulus money available.

The real estate still is the biggest threat. Commercial real estate will lead the next downturn in the second half of the year. The Dow can below 3,000 mark in the next eighteen months dragging the economy to an official depression and posting unemployment far above 15%.

Economy shrank 1% in Q2, new home sales jumped 11% in June, where will Dow go from here?
Fred Day
Every sane analyst knows the bear market recovery snap backs are always marvelous. They are short lived but can cause serious panic in the pocket books of the bear. Dow Jones Industrial Average will top out in a month or less around 10,000 mark.
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Japanese unemployement shocks the world - the deflation and depression come like mega Tsunami
Sam Adelton
Summer bonuses at Japan’s largest companies will slide a record 25 percent this year. Staggering rise in unemployment and resultant deflation is a major problem in Japan and the rest of the world.
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Exxon Mobil Corp. reported its lowest quarterly profit since 2003
Paula Zuba
Tough time with lower energy demand signals the confirmation of economic depression in the making.
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Disney profit down 25% - Dow will top around 10,000 as economy starts plunging into depression
Marla Guthrie
Disney's Bob Iger, chief executive, acknowledged the difficult economic conditions. People are hurting in the main street as the stimulus money provide the froth for Dow 10,000.
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President Barack Obama's health-care effort has declined over the past five weeks - time for Presidential fight back
Sonders Paula
Obama must fight back the special interest groups that are brainwashing common people. In the new poll, conducted July 24 to July 27, 42% called it a bad idea while 36% said it was a good idea.
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Economies get boosts from worldwide stimulus funds – but how long the world economies survive on borrowed time and money?
Fred Day
Economies get boosts from worldwide stimulus funds – but how long the world economies survive on borrowed time and money?
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US durable goods orders fell by 2.5 per cent – depression deepens
Paula Zuba
Compared to the last year the orders were off by 28 per cent. Transportation orders went down by more than 12 per cent in June. The capital goods were down by more than 8 per cent.
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