Monday, August 20, 2007

megatrends...

the downtrend will continue...


A little rally on light volume with oil prices falling... big deal. Oil demand will only increase and eventually, a devastating hurricane will hit the Gulf... so sell it when you can....


Meanwhile

CFC and now Capital One are starting to fire their salespeople...

Who's next?

Home Depot?
Homebuilders?
Retail sales?

-- You can probably think of dozens more... only a matter of time before unemployment is added to growing debt, lack of consumer spending, falling home prices....

Virtuous cycles are always followed by vicious cycles. And when the virtuous cycle is propped up for years by debt...

Nothing to see here, move on unless you're trading.

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