5 reasons why I have been shorting the market for the last two weeks
1. lower state revenues - Phoenix has emposed a 2% grocery tax
2. 5 million out of 50 million mortgage holders under water- means more foreclosures - means less state revenue- means more layoffs (gov't)
3. sovereign debt issues
4. 2 trillion in short term US debt must roll over this year
5. China cut backs - means weaker commodity prices
go to King World NEWS and listen to interview with John Williams
http://kingworldnews.com/kingworldne..._Williams.html
ways to play the market for the next couple of weeks (or until corrrection is over) use Short ETFs - SH MYY RWM
and use UUP while euro is in trouble
I hope some of you find this useful. By nature I am fiscally conservative -I have silver bullion - tons (literally) of food for my family - I recently (nevered owned one before) bought guns and ammo - have stuff to barter with - cases of toilet paper + booze - house paid 4 - skeptic - paying utilities and phone and internet and taxes 1 year in advanced - have neurolgical disease so typing difficult - I like itulipers - 1st time posting
1. lower state revenues - Phoenix has emposed a 2% grocery tax
2. 5 million out of 50 million mortgage holders under water- means more foreclosures - means less state revenue- means more layoffs (gov't)
3. sovereign debt issues
4. 2 trillion in short term US debt must roll over this year
5. China cut backs - means weaker commodity prices
go to King World NEWS and listen to interview with John Williams
http://kingworldnews.com/kingworldne..._Williams.html
ways to play the market for the next couple of weeks (or until corrrection is over) use Short ETFs - SH MYY RWM
and use UUP while euro is in trouble
I hope some of you find this useful. By nature I am fiscally conservative -I have silver bullion - tons (literally) of food for my family - I recently (nevered owned one before) bought guns and ammo - have stuff to barter with - cases of toilet paper + booze - house paid 4 - skeptic - paying utilities and phone and internet and taxes 1 year in advanced - have neurolgical disease so typing difficult - I like itulipers - 1st time posting
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