Re: Calling the PPT, come in please
posted on
Feb 27, 2009 06:50AM
BigPic
I read you loud and clear. I just don't see the DOW going up from here (in the short term). The numbers (Corporate earnings) right now are so bad that they're not even reporting them anymore. Inflation will not hit us till the new and improved money they've been printing hits the streets (and even there, there is quite the timeline before inflation commences). Plus the broken 7,552 resistance should seal the Dow's faith for a while.
I agree with you on POG though. I believe that once the $1,000 barrier is broken FOR GOOD, then, and only then, will the JPM's take off. And take off, they will.
JMHO