Just following up on the post I made the other day about this being an interesting time in the economic landscape. Did today just prove my point or what? The DJIA breaks and then closes over 9000. There are so many diverging views being seen by Wall Street and Main Street. Microsoft earnings down 29%, Amazon misses estimates and AmEx doesn't make a BUCK either. Then home prices, home sales, and home inventory’s all make progress.So I guess homes are being bought, but nothing is going in them? Or, hear me out on this one...speculators are buying on long bets in the recovery.
Any way the final shape of the recovery comes out, I am starting to get the impression it isn't going to look like anyone’s model. In the last thirty days I have read articles quoting very notable sources calling for oil at $25 and another at $100+. This is the whole reason I keep my trade’s short term and am not playing either side of the recovery/failure coin.
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