Re: Asia UP hard

"-DirtBag©" <Dirt@[EMAIL PROTECTED]
> wrote in message 
news:481b4e75$0$34567$742ec2ed@[EMAIL PROTECTED]
>
> "FrediFizzx" <fredifizzx@[EMAIL PROTECTED]
> wrote in message 
> news:680v56F2qe3r8U1@[EMAIL PROTECTED]
>> "-DirtBag©" <Dirt@[EMAIL PROTECTED]
> wrote in message 
>> news:481b17e7$0$34488$742ec2ed@[EMAIL PROTECTED]
>>>
>>> "FrediFizzx" <fredifizzx@[EMAIL PROTECTED]
> wrote in message 
>>> news:67vtt4F1dr3vgU1@[EMAIL PROTECTED]
>>>> Will Europe follow?  Most likely at the open.  Markets are trending 
>>>> back up that wall o' worry.  Get back in whilst you can if you were 
>>>> silly enough to have cashed out.  Despite the US having some 
>>>> problems, the rest of the developed world is doing just fine.  Be 
>>>> properly globally diversified.  It is easy now-a-days using foreign 
>>>> ETF's.
>>>>
>>>
>>> Hum. Well Fred perhaps you were right.  I hope it holds for a week 
>>> or two before reality kicks in. Good trading.
>>>
>>> -Dirt
>>
>> Yep, Europe followed up hard also.  We have kind of a different 
>> situation this time around.  The rest of the world is helping to pull 
>> us up and keep us out of recession territory.  Very nice of them. 
>> ;-)  And it is very good that much of the rest of the developed (and 
>> some of the developing) world has caught up to us some.  Expect a new 
>> "standard" level for the dollar against their currencies.  I doubt 
>> the dollar index will get back to 100 for quite some time and 
>> probably never.  Get used to a low dollar.  Once the housing problem 
>> is cleared out in a couple of years, the dollar will probably rise 
>> some.
>>
>
> I guess we will see..  I have a lack of trust poking me in the side 
> and whispering in my ear...  The skittish attitude of this market is 
> telling imo to a bear trap mentality..  I hope for the best Fred but 
> keep an eye on the door... So many negative indicators strongly 
> pointed in a southern direction..  OTOH One can always make money 
> doing momentium trades in any market..
>
> -Dirt

It is not hard to see that many of the necessary indicators for a deep 
bear market are just not there.  One of them is that interest rates 
remain relatively low.  People and companies around the world that are 
credit worthy can get the credit they need at a decent rate.  Low 
interest debt is what helps to drive progress if used wisely. 
Unfortunately, the US got caught up in using low interest debt not so 
wisely with the subprime slime but it is really a small ****tion when all 
is said and done and we will get thru it.

I think perhaps you pay too much attention to the doom and gloom in the 
news and on this group and don't fully see the bigger picture that is 
going on.  I'm staying pretty much fully globally invested.  Should 
things change, I will let you know. ;-)  The fact that oil remains high 
paints a good picture that the overall global economies are doing just 
fine.  The world is still buying and the US will benefit from that.

Fred