TSG – Bubblenomics legislation at taxpayer expense…

Dear Trader,

TSG Stock Market Letter
Week Ending July 25, 2008

Topics Discussed This Week:

* Stock rally hits resistance
* Leaders take another hit
* Q2-08 earnings deteriorate further
* Existing home market looking up?
* But new home sales still challenged
* Short interest still rising
* Bubblenomics cure driving legislators crazy at our expense … Dear Trader,

TSG Stock Market Letter
Week Ending July 25, 2008

Topics Discussed This Week:

* Stock rally hits resistance
* Leaders take another hit
* Q2-08 earnings deteriorate further
* Existing home market looking up?
* But new home sales still challenged
* Short interest still rising
* Bubblenomics cure driving legislators crazy at our expense

It was a week of three days up and two days down for the Dow
Industrials with Thursday’s 283 point-loss doing the most
damage. Again mortgage, housing and banking concerns were the
problem and as we will see in our Economic Reports, the housing
market continued to encounter challenges. So far, this rally is
being driven by short covering of the most heavily shorted
stocks. But if it’s to last, we need to see strong stocks again
start leading and that isn’t happening yet.

So what fate awaits this latest rally?

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To read this week’s STOCK letter, please go to
http://tradesystemguru.com/content/blogcategory/34/68/
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To read Matt Caruso’s INTERMARKET REPORT, please see
http://tradesystemguru.com/content/blogcategory/35/69/
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