Recession IS over in US & Canada already.......it ended in Q2....
Says WHO ???
Not Dr Roubini or any other economist in US.....
WHY ???
They are all busy giving interview on TV and agreeing with each other pointing out all NEGATIVES.....
When economist are in agreement...the REVERSE is happening....
So......
No more suspense......
US GDP will end UP growing in Q3.......
Who is doing all the important analysis for US economy????
An underpaid civil servant who happens to be Mark Carney, Governor Bank of Canada...he does NOT waste time on CNBC or dealing with politicians but busy earning a living daily......
Yes ......he announced an hour ago that recession has ended in Canada in Q2 also......
Yes he is predicting Canadian GDP will grow 1.3% in Q3..US will exceed that....3% GDP growth in Q4...Q1 & Q2 of 2010 will GROW 4%......in Canada
YES....you CAN take these predictions to the bank.....
I wish US stop all TV appearance by anyone who is part of US government or legislature...as all they do is NOT focus on their job.......
WELL......
US markets KNEW when US GDP will grow & WHEN US recession ended......
Markets are in uncharted territory making 09 HIGHS daily....& some traders are waiting to get an OK to invest from CNBC.....where they have employed anchors to READ a script given by their producers......
Canadian $ has taken off and is UP 1.08 cent against US$...near recent high.....
Oil UP $1.46 to $66.86......
All AG stocks are flying as they have agreed to sell Potash to India @ $460 per Ton..this is by the consortium Canpotex of POT,MOS...which will remove uncertainty of high pricing....volume is expected to explode.......
Portfolio is GNK,IPI,SOL,RIMM,TLM......
Most stocks are UP....
BLOG does NOT give buy or sell.
Saleem
4 comments:
SALEEM
Good day sir
Of course Monasnto takes off on hte AG news and I stell at a loss to capture some and monsanto goes higher--eeeeeYAH
GS i got back in again for $159.50 and I am up $5 smackers.I am holding shor term
I sold coverd calls for GE at $13.
10 calls my GE in the IRA I will wait and see if the premium gets bigger.
today was a GREAT market and your blog captures the mood excellent
thanks
Hi Madmax,
Thanks for your appreciative note.
We are all in market to make money..sometimes it takes dumping of Dogs & getting IN better quality...
Rewards are incredible..if we just monitor the tape.....TAPE never lies.....
Good luck with MON & GS !!!!
Saleem
Saleem
BDI rates
Bulk Shippers Outperforming as BDI Spikes 4% (DRYS, DSX, EXM, more)
11:51 am ET 07/14/2009 - StreetInsider
The Baltic Dry Index, which tracks day-to-day shipping rates used by dry bulk shippers worldwide, is jumping sharply today, currently up more than 4%, or 122 points, to 3,097. As the BDI rises, so do the rates at which bulk shippers charge their customers, and so the rise is also lifting stocks in the sector
Hi Madmax,
Thanks for BDI info.
I am sure standards,you & i look forward to BDI moving UP.
Saleem
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