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  1. #1
    Join Date
    Feb 2009
    Posts
    8

    Default lower state revenues = higher unemployment

    5 reasons why I have been shorting the market for the last two weeks
    1. lower state revenues - Phoenix has emposed a 2% grocery tax
    2. 5 million out of 50 million mortgage holders under water- means more foreclosures - means less state revenue- means more layoffs (gov't)
    3. sovereign debt issues
    4. 2 trillion in short term US debt must roll over this year
    5. China cut backs - means weaker commodity pricesgo to King World NEWS and listen to interview with John Williamshttp://kingworldnews.com/kingworldnews/Broadcast/Entries/2010/2/6_John_Williams.html
    ways to play the market for the next couple of weeks (or until corrrection is over) Short ETFs - SH MYY RWMand UUP while euro is in trouble I hope some of you find this useful. By nature I am fiscally conservative -I have silver bullion - tons (literally) of food for my family - I recently (nevered owned one before) bought guns and ammo - have stuff to barter with - cases of toilet paper + booze - house paid 4 - skeptic - paying utilities and phone and internet and taxes 1 year in advanced - have neurolgical diseases so typing difficult - I like itulipers - 1st time posting
    Last edited by shunter; 02-06-10 at 08:38 PM. Reason: mistake

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