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Post by brosin on Sept 20, 2010 14:44:57 GMT -5
I don't think anyone wants the gov't to be the main source of demand. Ideally, it would be zero. But here we are, private demand is weak. Banks are not lending mostly because there is a 30% output gap; there is not a big working capital need at the moment. What to do - take the tough medicine and let the market work it out, or help the market find it's feet near term? The economic evidence is clearly in the latter camp from a historical perspective. You risk one helluva vicious cycle to the downside under the former scenario. When the output gap has been reduced, I am 100% for reducing debt, something that should have happened during the boom years of the 2000s. for that matter, make it mandatory that revenue cuts be accompanied by spending cuts. Mostly, be brave and innovative enough to embrace fundamental changes to programs that will make them more efficient than they are today. Let's get out of this mess first. Wow, very well said. I read it 3 times for effect to let it all soak in. Thanks UK as usual
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Post by abdogman on Sept 20, 2010 14:45:43 GMT -5
xlf 14.92 on 1m
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Post by brosin on Sept 20, 2010 14:47:04 GMT -5
it would be nice to see consolidation but with this market recently, there is no such thing it just dives headlong one way or the other.. great for swing trading if you are going the correct direction. This is a good point. I think the market is very divided. The bears are very bearish, and the bulls are very bullish. There is not much of a middle ground. Under the surface of it all, I think both sides are very worried about their biases, which may explain why the market is able to move so far and so fast without much pause / consolidation.
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Post by abdogman on Sept 20, 2010 14:57:36 GMT -5
xlf 14.89 on 1m
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Post by abdogman on Sept 20, 2010 14:59:49 GMT -5
Good Evening Gang.....Thx for the Input.....see you in the AM
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Post by crumbdon on Sept 20, 2010 15:07:26 GMT -5
By the way, I always enjoy this thread. You're a wonderful group. It's a great home base. Stop in as often as time allows- board ain't the same without you. (See if you can chase Elle & Cashfilly this way, too! Natsalilfly is getting tired of balancing the gender bias by herself!)
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Post by ukarlewitz on Sept 20, 2010 19:35:12 GMT -5
uh oh. I see a non proprietary sell alert has been triggered this evening. I'm on high alert with tight stops.
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Post by brosin on Sept 20, 2010 20:08:28 GMT -5
Yeah there are a few actually.
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Post by ask2lern on Sept 21, 2010 6:38:12 GMT -5
uh oh. I see a non proprietary sell alert has been triggered this evening. I'm on high alert with tight stops. LMAO........... ;D ;D
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