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Saturday, March 01, 2008 

Cash is KING !!

Hello Folks, it's now clearer that the US economy is living a state of pre-recession. No one wants to be the first to admit the recession, but start to become obvious that we are assisting a big slowdown in overall economy, near of recession state, macro economic indicators don't lie. For the first time in more than four years the economy lost jobs in January, something that should be seen as an alert, and economists this month forecast the unemployment rate will raise. Americans' confidence in the economy has been shaken as the housing slump deepens. The stimulus package of $168 billion that administration will give to Americans, should not be used to spend but to pay the debts, according to Bloomberg/Los Angeles Times survey taken from Feb. 21 to Feb. 25. So, there are no reasons to smile and believe in a quick rebound. As I still saying to all, play on the defensive side. Don't put your hands in knifes that still falling. Cash is KING!!

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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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