Loading ...After 10 months of stock market recovery, it seems that we are hitting resistance. Many have had their fingers on the sell/dump stock trigger for the last 2 months. All they are waiting for is the first sign of the Fed raising rates or removing liquidity from the system. Bernanke however has sense this panic and have over communicated to the market over and over that there is no plan for raising rates in the near future. The economic news however is starting to look dim again. You just can’t keep firing people to increase profits. At some point, no one will have a job, no taxes will be collected and the whole system collapses. Mid 2010 we will be experiencing the first wave of the Arm mortgage time bombs that are about to explode. These diabolical mortgages will peak its destructive power in 2011. It is safe to say that house prices aren’t going to go anywhere any time soon.
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