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Originally posted by RetinoidReceptor
Originally posted by RolandBrichter
By Spring of 2010 Dow = 2500-3500, S&P= 220-250...hold me to it
And the fact is, when you are a trader, you don't necessarily trade what you believe, but trade where the markets are going. I am somebody who doesn't feel comfortable taking a side in this market at this level so I would rather just do neutral strategies with options. If you think the S&P is going to 220-250 I don't understand why you wouldn't begin shorting here and just average up or buy leap calls to hedge your position.
Bernanke outlined a number of ways the central bank will be able to prevent the record reserves banks have accumulated from causing money supply and inflation to surge. Officials will use the interest rate on banks’ deposits with the Fed as a principal tool, which they can supplement with other means, including reverse-repurchase agreements and term deposits, he wrote.
In the early days of the downturn, the government extended unemployment benefits beyond the standard 26 weeks to as many as 79 weeks in hopes of giving the jobless a longer lifeline. Officials predicted the economy worsening and businesses further contracting, resulting in fewer jobs for the newly unemployed to find.
With the recession now 18 months deep and the national unemployment rate standing at 9.5%, it appears that the effort wasn't robust enough for those in the crisis' first wave of layoffs.
And while they may have up to another year of unemployment insurance benefits -- thanks to the confusing patchwork of extensions that were enacted last summer -- they will be soon be unaccounted for in government unemployment reports.
Originally posted by GreenBicMan
reply to post by Hx3_1963
Dow 9000 looks imminent now..
10,000 is looming IMO - the double top - HS was busted as the dow hit a new high
China to deploy foreign reserves
July 21 2009 19:09
Beijing will use its foreign exchange reserves, the largest in the world, to support and accelerate overseas expansion and acquisitions by Chinese companies, Wen Jiabao, the country’s premier, said in comments published on Tuesday.
“We should hasten the implementation of our ‘going out’ strategy and combine the utilisation of foreign exchange reserves with the ‘going out’ of our enterprises,” he told Chinese diplomats late on Monday.
Mr. Wen said Beijing also wanted Chinese companies to increase its share of global exports.
The “going out” strategy is a slogan for encouraging investment and acquisitions abroad, particularly by big state-owned industrial groups such as PetroChina, Chinalco, China Telecom and Bank of China.