tag:blogger.com,1999:blog-12333088.post6488170436940942934..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Guesstimates on July 11, 2011Carl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-12333088.post-76911508165933204132011-07-12T02:28:08.858-04:002011-07-12T02:28:08.858-04:00now that the european and US crisis are of politic...now that the european and US crisis are of political nature the large unwinding of the primary bull market has the best environment to take place. The corporate world already started a new round of aggressive layoffs which will affect how earnings will be perceived in the months ahead whether good or bad. And if, by the way, you still think that our political class did not grow complacent about the whole thing, just take a look at the picture linked below. Mr. French president taking care of his pregnant wife while his country's getting hit by the worst crisis in decades. Cheers. MX <br />http://www.blick.ch/people/international/hier-wird-die-carla-bruni-176459MChttps://www.blogger.com/profile/05620819713487587168noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-35662729552076291602011-07-11T11:25:52.101-04:002011-07-11T11:25:52.101-04:00This 1320 area may be the symmetry buy spot for su...This 1320 area may be the symmetry buy spot for summer rally into the 1400's...<br /><br />http://3.bp.blogspot.com/-bs8fskBtW10/ThsN_t_rJAI/AAAAAAAAAZM/LJEf8pErkfA/s1600/neutral%2Btriangle.pngchartbloghttps://www.blogger.com/profile/11082012490977242976noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-80547523672594085482011-07-11T11:06:44.678-04:002011-07-11T11:06:44.678-04:00I think that unless the market recovers today from...I think that unless the market recovers today from its current lows we are going to see a bigger than anticipated correction, maybe all the way to 1290. It's down over 1.7% right now. Usually this type of sell off signals the beginning of a larger correction. I think that this is a new market, without QE2 which ended June 20 this type of corrections should be considered normal within a bull market.Billhttps://www.blogger.com/profile/15515218349376008994noreply@blogger.com