Facts;Over 70% of our economy is consumer spending (I'm not spending are you?).
Over 500,000 people a week are losing their jobs (Which would be why they are not spending).
Over 2 trillion dollars of commercial real estate loans must be refinanced starting now (Alt A, Option ARM) 70% are expected to default.
The domino effect of those loans will topple thousands of banks (FDIC is bankrupt), insurance companies, 401Ks and pension funds (which are all heavily invested in those loans).
Fantasy
Our leaders and all of the media say we are in a recovery. Where is Neo when you really need him?
Another nose bleed day to new heights and gold is on a tear (watch this some players know the jig is up). No new setups today sorry.
