The bears say bullishness goes too far – the bulls are going to buy stocks with all the money they have tomorrow 3rd January – where is Dow headed?
Sam Adelton
Jan. 2, 2007

The bears are ready to crush the market. The bulls are actually far more confident and aggressive. People wonder what is the real story. Asia and Europe started with a big bang. Dollar is slumping. Gold is rising. Oil and gas falling on mild weather in America.

According to survey of economists, investors are approaching 2007 with a high degree of optimism, as the Fed seems to be done raising rates, the latest reports on consumer inflation show little or no overall price increases for November, and with the economy so far staying out of recession. But skeptics think the bullishness goes too far.

There is just one problem with such a total consensus of economists. Anytime all the economists agree on something, mostly the opposite happens. That means there is greater possibility bears are right this time!

The bears say bullishness goes too far – the bulls are going to buy stocks with all the money they have tomorrow 3rd January – where is Dow headed?
Sam Adelton
There is just one problem with such a total consensus of economists. Anytime all the economists agree on something, mostly the opposite happens. That means there is greater possibility bears are right this time!
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Housing market continues to slump – Lenar issues profit warning – Real Estate brokers going bankrupt
Fred Day
The Residential Housing market is getting worse. The builders are facing deflating pricing power loss. The buyers are canceling contracts.
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The benchmark Sensex ended more than 155 points, or 1.13 per cent, higher on the Bombay Stock Exchange on the first session of year
Media Release
The benchmark Sensex ended more than 155 points, or 1.13 per cent, higher on the Bombay Stock Exchange on the first session of year today on widespread buying by foreign and domestic funds.
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A last chance to buy US Dollar index as Euro and Gold rise based on hope of accelerated European Manufacturing Growth – German consumer strike of 2007
Fred Day
However, the reason for such demand is the 3% (three time normal) hike in Value Added tax in Germany starting in January 2007.
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The year starts with dealers predicting rate cut by Fed but a analytic models predicts something very scary
Sam Adelton
Stagflation will finally manifest itself when long bond yields will move up as Fed cuts the short term interest rates. That is the nightmare scenario. Stagnation and inflation can cripple the economy.
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The dooms day for mortgage bankers and mortgage brokers as long bonds get ready to send chill in the Wall Street
Alan Hersey
The chill can be severe for mortgage bankers, brokers as the refinance market will collapse. The effect on real estate will also be severe as the buyers will just be pushed out of the market.
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Spitzer promises to bring ethics back in NY – will NJ Governor do the same? Small businesses suffering from bad Governance and ridiculous taxes from Democrats
Sonia Joshi
NJ small businesses are suffering. The taxes have gone ridiculously. Believe it or not, if you have a corporation in NJ, whether you make any money in a year or not, you have to pay the state $750. It used to be $50 seven years back.
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