FishingBanter - View Single Post - DJIA up sharply, anticipating Obama victory

**Peaceful Bill** · November 20th, 2008, 09:36 PM posted to rec.outdoors.fishing.fly

wrote:
On Nov 15, 5:04 pm, Peaceful Bill
wrote:
Yeah, there are a lot of people trying to make a buck or two in the
market. I retired at 57 a year ago and started trading in that market.
I don't think I'm all that clever in the market, but playing the ultra
shorts since since the end of September has worked out.

Well be careful. I hope you are not depending on the stock market for
your retirement income. I would also hope you are putting your money
on the USA and not betting on her demise. And I would make sure I was
not putting my money into hollowed-out companies that are just US
marketing and distribution arms of Red Chinese companies controlled by
the Communist Party.

Dave

From a technical trading perspective, if the current wedge pattern from
today holds, the DJIA is moving toward 5500, S&P500 is heading down to
500. The market is pricing in a depression.

There doesn't seem to be confidence in either the current or incoming
administration to turn around this economy.

That spells money market or cash equivalents.