http://www.augustforecast.com Bringing the Future Into Focus Fri, 30 Jul 2010 20:52:29 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 http://www.augustforecast.com/2009/07/17/market-update-07172009/?utm_source=rss&utm_medium=rss&utm_campaign=market-update-07172009 http://www.augustforecast.com/2009/07/17/market-update-07172009/#comments Fri, 17 Jul 2009 15:22:15 +0000 Patrick Wood http://www.augustforecast.com/?p=214 really believe what he said: "We have to spend money to keep from going bankrupt." Stimulus efforts thus far have been completely impotent. CIT will likely be gobbled up soon by a competitor bank like JP Morgan Chase or Goldman Sachs; but the retail sector continues to spiral downward, with no sign that buyers will ever "shop 'til they drop" again. Stock prices exploded upward in a buying frenzy that will likely see new recovery highs soon, but may complete the larger pattern pending a return to the massive bear market started in late 2007.]]> http://www.augustforecast.com/2009/07/17/market-update-07172009/feed/ 2