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Home Our Perspective Commentary : Global Perspectives Update ~ July 29, 2010 ~ Market Update
Commentary : Global Perspectives Update ~ July 29, 2010 ~ Market Update PDF Print E-mail
Written by Chuck Ludwigsen   
Thursday, 29 July 2010 15:39

The Global Perspectives Update team invites your comments here on our latest GP Update video for July 29, 2010 with Pastor Timothy Neptune and Steve Meyers.

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DZ  - Predictions |70.114.236.xxx |2010-07-29 16:10:52
Re-listing the events cited by H Dent:

Very disappointing 2Q GDP. (Know soon enough)

August: Iran tensions, terror event, Oil spikes.

September: Accelerating mortgage defaults.

October: China's bubble bursts.

** Many other predictions for bad times early November from others. 11/9/10 being mentioned as a jumble of 9/11. My guess is the encumbants and Dems get booted, roiling almost everyone. **
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DZ  - Graham Cracks |70.114.236.xxx |2010-07-29 22:41:44
http://www.gainspainscapital.com/

"...Consequently, my forecast of a final hurrah appears to have been off base. I admit it, I was wrong. I overestimated the bulls. I also overestimated the degree to which investors still have confidence in liquidity solving the issues of the financial system. Indeed, the Fed has been running the printing presses day and night, but it is no longer having the same effect it did in 2009.

In plain terms, we are at a major turning point for the markets. Barring a massive QE2 announcement, the Fed’s attempts to prop things up are beginning to fail right here and now. I’ve already told subscribers of Private Wealth Advisory to close out any longs. We’re now largely in cash waiting to establish our Crisis Trades for the next leg down" - Graham Summers
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Don  - Dow 11k by Elections |204.11.180.xxx |2010-07-30 09:05:25
You can see the fed's buying power in the markets still has not run it's course.
They own the Casino and will NOT give it up. Look for the markets to go green today. And I still think an up market until at least the Nov. elections.
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SteveG |72.2.175.xxx |2010-07-29 16:44:29
Thanks again Pastor and Steve. These updates are critical to maintaining an even keel and seeing current events from both a spiritual and market perspective.

I wonder how much longer we will have the use of the internet to spread this information...

Thanks, again.
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Mars  - Wise words |98.156.27.xxx |2010-07-29 19:54:08
...a prudent man sees danger and takes refuge
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Ron Rebner |173.88.241.xxx |2010-07-30 07:15:09
Steve Honest, clear, concise and candid. Well done. What can we do? Talk to and warn your family, friends, and others about what is happening in our country. Get out and vote. Above all, get on your knees and pray.
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Ron Rebner |173.88.241.xxx |2010-07-30 07:42:43
Solving the Mystery of the “Great Disconnect”

http://www.moneyandmarkets.com/solving-the-mystery-of-the-great-disconnect-39787?FIELD9=2
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Ron Rebner |173.88.241.xxx |2010-07-30 07:46:03
GDP Misses Expectations, Comes At 2.4%, Plunges From Revised Q1 GDP Of 3.7%

http://www.zerohedge.com/article/gdp-misses-expectations-comes-24-plunges-revised-q1-gdp-37
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FibonacciTrader |24.193.177.xxx |2010-07-30 07:59:33
Nice rising wedge forming on daily SPX chart
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DZ  - FXE Lone Island Reversal |70.114.236.xxx |2010-07-30 08:37:54
TLT up big, VIX technicals bullish.

To me it looks like iii down of 1 of iii of 3.
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Ron Rebner |173.88.241.xxx |2010-07-30 09:01:15
PPT working very hard. I was watching trading closely this morning and there were huge moves back up in just seconds. Manipulation. How long will they do this and to what end? A crash?
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TitanTrader |174.20.77.xxx |2010-07-30 09:06:52
This is just so pathetic. 20 years of trading and every gut instinct is now invalid. How are you suppose to trade this thing. It's no wonder money keeps leaving this market.

I'm considering hanging it up, I can trust in nothing anymore.

The market is setting record highs on the day are you kidding me. I am 100% cash and ready to puke watching this display.
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Don  - Welcome to my side |204.11.180.xxx |2010-07-30 10:22:38
The Fed's will never let this go down, the world rides on it's very survival of the continued ponzi of this Casino to keep going this to keep the public in the mind set that everything is fine. If they lose confidence in the markets and debt and the money the world as we know it will end. And it will end soon anyways but not yet, we still have a lot of QE to get passed. My two cents worth is just buy Gold/silver and any thing you might (need) for the next 10 to 20 years to come or longer. After the Fed's have burned every last dollar is when this all will end and come crashing down but not one day until then.. Good luck. Don
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Don  - Forever |204.11.180.xxx |2010-07-30 10:10:48
They will pump money into the market for ever. That is the short answer. long answer is that the fed's will print until the public say enough is enough.
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TitanTrader |174.20.77.xxx |2010-07-30 09:07:09
This is just so pathetic. 20 years of trading and every gut instinct is now invalid. How are you suppose to trade this thing. It's no wonder money keeps leaving this market.

I'm considering hanging it up, I can trust in nothing anymore.

The market is setting record highs on the day are you kidding me. I am 100% cash and ready to puke watching this display.
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TitanTrader |174.20.77.xxx |2010-07-30 09:07:32
This is just so pathetic. 20 years of trading and every gut instinct is now invalid. How are you suppose to trade this thing. It's no wonder money keeps leaving this market.

I'm considering hanging it up, I can trust in nothing anymore.

The market is setting record highs on the day are you kidding me. I am 100% cash and ready to puke watching this display.
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TitanTrader |174.20.77.xxx |2010-07-30 09:07:51
This is just so pathetic. 20 years of trading and every gut instinct is now invalid. How are you suppose to trade this thing. It's no wonder money keeps leaving this market.

I'm considering hanging it up, I can trust in nothing anymore.

The market is setting record highs on the day are you kidding me. I am 100% cash and ready to puke watching this display.
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TitanTrader |174.20.77.xxx |2010-07-30 09:08:09
This is just so pathetic. 20 years of trading and every gut instinct is now invalid. How are you suppose to trade this thing. It's no wonder money keeps leaving this market.

I'm considering hanging it up, I can trust in nothing anymore.

The market is setting record highs on the day are you kidding me. I am 100% cash and ready to puke watching this display.
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TitanTrader  - Sorry about that |174.20.77.xxx |2010-07-30 09:19:24
It kept telling me the anti spam code was wrong. I finally gave up.
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Ropn Rebner |173.88.241.xxx |2010-07-30 09:30:52
Titan Trader Don't give up. As we have seen several times, when the real selling starts, they cannot keep up. Today (so far) there was not high volume and they were able to pull it back up. Some catalyst or, simply bad economic and debt numbers as we move forward, will change the game.
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TitanTrader  - Thanks Rob |174.20.77.xxx |2010-07-30 09:59:41
Thanks Rob, It's nice to rant and be heard.
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DZ  - Time to send the Dip Buyers to the Woodshed |70.114.236.xxx |2010-07-30 09:21:36
No doubt dip buyers aided by the PPT. Figures, as they've been propping on every piece of bad data. They can't even fudge the data to be good anymore.

Lets see of the rational people can send them packing below 1090.

I'm using a new screen, set to SPX at one minute. Here:

http://www.futurespros.com/charts/real-time-futures-charts
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TitanTrader |174.20.77.xxx |2010-07-30 09:39:37
I've been using the 1 minute chart all year it's the only one I can seem to react to.

I told a friend yesterday you would be nuts to be long or short this silly Gov number today. I predicted that whatever it was they would need to end the market green. I stated the numbers don't matter, it's how the market reacts that will talk to the sheeple. Since they can't have a sell-off we must end up.

It's now not what I think but what the PTB want the sheeple to think that dictates this market. That's how i need to trade it which i can't so i just sit it out for now.

Sorry for the rant it just mind numbing.
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Last Updated on Thursday, 29 July 2010 15:40
 

The GP Updates

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The statements, opinions and analyses presented in the articles and newsletters on this website are provided as a general information and education service only. Opinions, estimates and probabilities expressed herein constitute the judgment of the author as of the date indicated and are subject to change without notice. Nothing contained in this website is intended to be, nor shall it be construed as, investment advice, nor is it to be relied upon in making any investment or other decision. Prior to making any investment decision, you are advised to consult with your broker, investment advisor or other appropriate tax or financial professional to determine the suitability of any investment. Neither GrainBelt Commodities, LLC. nor Steven R. Meyers shall be responsible or have any liability for investment decisions based upon, or the results obtained from, the information provided.