Thursday, March 12, 2009

The Market On Thursday

Foreclosures increased in number from the end of January to the end February in the face of measures put in place to reduce it. Retail is down, again, and Bristol Palin split with her fiance. Now that is a recession.

I have a new theory regarding the market and why it will rebound eventually.

At some point short selling will not become profitable. All things come to an end. At that point there will be interest in manipulating the market up.

Reuters: Stock futures point to drop; retail sales eyed
...Japanese data confirmed the world's No. 2 economy suffered its deepest slump since the oil shock of 1974.

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