Unfortunately, the Obama Administration is at it again. One week the economy is in shambles, and they proclaimed doom and gloom; the next week, a bear market rally occurs, in the Obama camp now claims the economy is fundamentally sound.

Unfortunately, it appears now more than ever, the government is unable to grasp the state of our economy, an institute policies which will stimulate new growth.

As I stated in my previous market forecast, this past week’s market rally is nothing more than a blip on our radar of an extremely powerful bearish market. This rally, has given readers of this blog, a fantastic opportunity to increase their short positions. It has not, change the two overall trend of the stock market, which for the past hundred years has been a leading indicator of the economy.

So what is it Mr. Obama an administration, is the economy moving forward, has the administration’s new policy stimulated growth, is march going to see job growth outpaced job losses, or are you taking political advantage of what will turn out to B a non event in the stock market?

The answer will come this week. Wall Street, mutual funds, hedge funds, large investors, small investors, and businesses throughout the country or put their money where the economy’s mouth is, and once again, the stock market will be the barometer of the state of our economy.

As a technician, I honestly believe that the bear market will continue, and that this week will be a down week. Naturally, I wish this were not the case, as consecutive up weeks in the stock market would be a sign of recovery for the United States economy.

If you wish to read the original news headline, here’s the link
http://news.ino.com/headlines/?newsid=689685757968793

Popularity: unranked [?]