titanic tuesday, page-2

I am astounded by the strength of the markets and will be reducing my holdings today. You would think the US is experiencing boom times. I think somebody forgot to tell Wall St. that rising unemployment is actually bad news. The chances of a double dip recession in the US in 2010 has grown significantly in my opinion. Wait for the flow on effects from 10%+ unemployment on consumer confidence. Then lets see if consumers retreat further into their caves and put downward pressure on GDP again in 2010. It might not look likely now but it is definitely a real possibility.