Cash for Clunkers, $8000 for first time homebuyers and stimulus, these are the programs that are driving this economy, and for good reason. However, my theory is 3 part:
1. When this stimulus runs out, our poor consumers won't be able to continue to spend.
2. We will be fighting the headwinds of a rising interest rate environment & our government will have MASSIVE amounts of debt.
3. Commercial Real Estate
I still believe its just a matter of time before we revisit lows, and this giddy bullish climate goes back to being bearish. But for the time being, my opionions haven't made me any money.
My Aug. puts aren't looking to hot, but I still have faith in the Oct's SPYS and am trying to add to position now, but so far haven't been filled. I think Oct. will be just enough time for the weakness to creep back into the market.
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