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  • Other Added - Which Way The Market For 2007

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    into a deeper hole.

    Banks are tightening rules for lending. Mortgage companies are requiring borrowers to tell the truth on their applications which they have not been doing for the past couple of y

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    In February we had an 8% sudden and steep decline and in March there has been a 575 point rally in the Dow Jones Industrial Average. This past week the market has been slowly giving ground with all the talking heads running scared. There is good reason.

    The housing market has been the major subject of conversation with its collapse. It seems the home sales and prices in almost all areas are going to Hell in a hand basket.

    Economists are preaching the demise of the dollar. Those who know my opinion of economists know that isn’t worth smoke.

    Even gold, the ultimate true wealth that everyone should own, has not been performing well.

    The savings rate of the American consumer is close to zero and many say it is negative. People have no money for backup yet they keep spending themselves into a deeper hole.

    Banks are tightening rules for lending. Mortgage companies are requiring borrowers to tell the truth on their applications which they have not been doing for the past couple of ye

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    lking heads running scared. There is good reason.

    The housing market has been the major subject of conversation with its collapse. It seems the home sales and prices in almost all areas are going to Hell in a hand basket.

    Economists are preaching the demise of the dollar. Those who know my opinion of economists know that isn’t worth smoke.

    Even gold, the ultimate true wealth that everyone should own, has not been performing well.

    The savings rate of the American consumer is close to zero and many say it is negative. People have no money for backup yet they keep spending themselves into a deeper hole.

    Banks are tightening rules for lending. Mortgage companies are requiring borrowers to tell the truth on their applications which they have not been doing for the past couple of y

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    Hell in a hand basket.

    Economists are preaching the demise of the dollar. Those who know my opinion of economists know that isn’t worth smoke.

    Even gold, the ultimate true wealth that everyone should own, has not been performing well.

    The savings rate of the American consumer is close to zero and many say it is negative. People have no money for backup yet they keep spending themselves into a deeper hole.

    Banks are tightening rules for lending. Mortgage companies are requiring borrowers to tell the truth on their applications which they have not been doing for the past couple of y

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    e should own, has not been performing well.

    The savings rate of the American consumer is close to zero and many say it is negative. People have no money for backup yet they keep spending themselves into a deeper hole.

    Banks are tightening rules for lending. Mortgage companies are requiring borrowers to tell the truth on their applications which they have not been doing for the past couple of y

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    into a deeper hole.

    Banks are tightening rules for lending. Mortgage companies are requiring borrowers to tell the truth on their applications which they have not been doing for the past couple of years. This will eliminate many from being buyers. Foreclosures are close to an all-time high.

    Is there any good news?

    The Federal Reserve has not raised interest rates and they have been creating more and more money to flood the banks so they will be able to lend easily. (But they can’t.)

    I am bullish. Am I nuts?

    Because I am a technical analyst and not a fundamental analyst I see more reasons for the stock market to continue on to new highs for the year, but I don’t know how high or when the top will be reached. The market will tell me when it gets there.

    What is amazing at this moment in time is that all the bad news of housing, no reduction in Fed interest rate, massive consumer debt and poor earnings reports by major companies has not been able to deep six the DOW or the S

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