The Best thing for the S&P might be Swine Flu and Fear!

April 27th, 2009 Posted in Uncategorized

A serious outbreak of swine flu is a very dangerous thing not only for people but for the economy as well.  But maybe, just maybe a little Swine Flu is what the market needs to stay healthy.  What? I know what you might be saying.  Did he just say Swine flu maybe healthy for the S&P's?  Yes I sure did!

The S&P's have come a long way since the lows that were established on March 6th. S&P's were in a free fall now they are defying gravity, defying bad unemployment numbers, and other bad economic reports. What brings it down Swine Flu? Come on. Just 20 cases in America with the possibility of more cases coming out. OK, OK it is something to be concerned about, I'll admit that; but here we go again. Fear. It's peaked its ugly head out again.  You must fear Swine Flu. You must fear bank failures, you must fear commercial property failures.  Fear. Fear. Fear. Why does the media and the government, keep installing fear in to our minds. There have been housing bubbles, oil bubbles, and tech bubbles. We might be in a Fear Bubble. Are we in a fear age?  It was Roosevelt that said in a time of crisis that "there is noting to fear except fear itself." History has taught that the American people should be experts on fear.

Don't take you eye off the prize. Market is a little over heated agressive traders will add on the dip. If your just starting look for the place to get in.  Nothing has changed yet.  Still looking for S&P's to get over 900+.  When we get there, It might make you squeal like a pig.

Support 850.00 ,835.00, 825.00

Resistance 857.00, 864-868 and 872

Call me, email me to the blog ad to the discussion

Dave Heltmach

Manduca Trading LLC

dheltmach@manducatrading.com

800-288-8802