Never depend on 'technicals' for stock market solutions.
The method to successful stock analytics is to study the individual economies from every angle then extrapoliate onto an immediate time frame of 6mths
to a year and you would have a better idea of how the real economy is gonna go. And always remember - no mortal no matter how intelligent he is had
ever been capable of forcasting even the next second of what another will do. Anticipate - yes, but foretell accurately - no, none, never nor ever
1. The spirit of humans is to never say die. Politicians may bicker, elites may steal, but the ordinary joe will just roll up his sleeve and find a
job even if it takes months. No jobs, no survival and hell if he isnt gonna give it a try, one way or another. It's just the american way. And there
lays the success of economies.
Once they work, economic output will produce and revenues earn. Even if humans stop working, resources on earth is still waiting to be tapped. No
human will allow it to go to waste.
Thus, if the stocks collapsed, economic output will still happen, even if GDP drops a few notches.
With vacation time over for congress and in UK, stimulus plans with borrowed funds will be in placed, more so in USA. Tech and science had
revolutionised our world, and will continue to do so in the near future. The value of such companies will rise, as it ventures into improving the
productivity of resource management and output. Those who dont will die out a natural death.
Bank employees will lay off more staff. Most of them will be the financial bright lights. It is only to be expected. They made their choice instead of
pursuing engineering careers or scientific endeavours. The warnings were sent long ago and writing had long been on the wall over banking careers.
Their peers who did it are now far ahead of these banking quacks. But it is still not late for them to start again for they have the qualifications at
least to try again,espacially with more funds comming from the gov in a matter of days soon.
The 'reset' switch had been pressed. Just a few more days of struggling and those whom are supposed to fall will fall soon, for they are too big to be
saved. Govs ( representative of the PEOPLE) have no obligations to bail out free enterprise in a free market. Privatising profits while socializing
debts had been proven a bad idea. It would be foolish to do it again.
edit on 26-8-2011 by SeekerofTruth101 because: (no reason given)