C’mon…

WHEN WAS THE LAST RECESSION REQUIRING $8+ TRILLION FROM LENDERS OF LAST RESORT JUST TO KEEP THE GAME FROM SINKING INTO OBLIVION (let alone what will be needed to goose a recovery)????

When was the last time THE ENTIRE GLOBAL FINANCIAL SYSTEM was so glaringly BANKRUPT????

Do you really think the many various comparisons finding precedent only in the Great Depression of the 1930s is some freak accident????

It is time to stop giving the clueless NBER any due whatsoever. “The U.S. has been in a recession since December ‘07″ PUHLEASE!!!!!!

The U.S. is plunging headlong into a Great Calamity. Get that fact through your head.

It is bad enough we have a Treasury Secretary who will claim his schemes are meant to “protect the taxpayer.” GROW SOME NUTS, HANK. WE’RE BANKRUPT.

It is all the worse witnessing a Congress full of cowards who will claim these schemes are meant to “save Main Street.” Save it for what? Another couple quadrillion of liabilities to be taken out of our hides in taxes?

As you can see, I have had enough. You can go on believing our present reality bears some resemblance to “normal” circumstances past. Just don’t expect me to visit you in the insane asylum…

I like your point of view only because it is up-beat, I don’t agree but it’s nice to hear something so positive. Just on a very basic level the markets, credit and equity, are not functioning in a normal way so that perspective seems far too textbook for me to buy in.

BB and Paulson’s words say it’s not a depression but their actions say it is, of course they said it wasn’t a recession either…

You can’t go wrong with buying SRS on days like today. 1/4 to 1/3 of the retailers out there are toast when xmas sales disappoint. Walmart converting middle class to upper middle class shoppers with huge success and they own their own stores. Malls/REITS = dead money.

I don’t think you can really look at SKF and SRS and use the fact that they’re potentially in a ‘head and shoulders’ configuration when they’re double inverse funds of another index. Slippage, friction due to the swaps, options, etc. that they use, as well as the fact that it’s leveraged can really skew the picture. Take, for example, IYF – which is essentially the index that SKF tracks in inverse. Nothing about the following chart exhibits anything but a nasty downward channel, certainly not a trend that looks like it’s going to reverse anytime soon.

http://finviz.com/quote.ashx?t=IYF

This chart is markedly different from SKF’s – any way you look at it – so I think it’s dangerous to try and make technical calls off of these double inverse triple leveraged sow cow ETF’s that are trading out there. Gotta go to the source. This source is ugly.

Same thing with the chart SRS trades off of:

http://finviz.com/quote.ashx?t=iyr

Just my two cents. I don’t think you can use TA on these leveraged ETFs effectively.

Honestly, have no clue which way we’re headed. Time to sit this one out.

Eventually energy, gold and stocks but just not sure when.