January: Dow Rockets on anticipated Obama throwing cash everywhere..Over 9000
February: Party ends.Gov does not have a plan..No Idea what to do..implement Early birds get trapped..sell off commences to new lows ( I CALLED WE WOULD BREAK THROUGH 7500 like butter and land at 6600 Months ago)
March: Everyone starts calling for a relief rally on basically anything they can get their hands on..Oil craters..Nowhere to go but up and anticipation that TV calling for Uptick,M2M,NO NATIONALIZATION RALLY,Toxic Asset Plan..Dow Rallys from 6450 to 8000 in 3 weeks)
For Historical Purposes:
*Every bottom is tested at least three times
*No Bull rally has ever began with this authority though many bear rallies have and I DO MEAN EVER LOOK IT UP
*Economic Data is getting worse
*We are Printing money.Not an exaggeration we are literally printing money
*Bond Market about to collapse
*China threatening to stop buying US Debt
*We are PRODUCING NOTHING ANYONE WANTS
*Unemployment getting worse
*Most money in history evaporated into thin air
*Record Amount of hedge funds going out of business.
*Home Prices are falling. Look at Manhattan. The ultimate canary just starting to get hit.(For Your info I work and live in Manhattan as a Broker. Check out my VNO call on Fool.com when I shorted this in the 70's. Everything is getting worse here and very very very quickly. Crime is picking up toward 1980s levels.
*Jobless claims just starting
*Small Business closing daily
*Commercial Real estate party just starting
*States are actually RAISING TAXES LOL
*Oil inventories going up
*Every Governmental bullet has been fired.
Here is a clue:
Jan: Obama euphoria..Gotta be some new plans right.Hedge funds and MM know the momentum is up so buying commences
Feb: Nothing appears Massive selling turns 9000 on the dow to 6400..lol 2600 points in a month
March: Lows hit..Risk to downside v up decreases. Any news will catapult Bear rally and relief rally = MM and Hedges buy. Mom and pop investors are gone and do not exist. Short Rally on stream of BS News
April: Reality sets in to a slow bleed trapping premature longs
P.S.- LEVERAGED HOMEOWNERS AND UNEMPLOYED WHO HAVE BEEN USING THEIR CREDIT CARDS TO SURVIVE..WELL THAT PARTY IS PICKING UP SOON AND WITH AUTHORITY.
In case your wondering about my credentials well:
I was Cash in all 3 crashes
I Bought and traded all rallies nicely
And I called a 6400 TEMPORARY Bottom.
P.P.S= Peter Schiff is 10000000000% correct
FAZ goes higher and all FINANCIALS SELL.
2 Major Banks get nationalized once derivatives are determined to be worth 10 cents on the dollar
The true and ultimate bottom is between 5700-5300
pratt............couple of questions:
what the hell you think is going on? this is starting to look like a gd pinksheet pump on the bigboards......it almost looks orchestrated to me.....charts are useless!
you see a peak this week in dow? i thought we would have had it this week!
So Bill Hess jr...Seems you fancy yourself a bit of a pro. Mind telling us how much you are down in FAZ since you posted this yesterday (maybe you posted even before that)?? If you are so confident about something and wish to shower the world with your vast knowledge and wisdom, maybe you should wait to put it up until AFTER the stock decides to roll people for another 30% eh? You may have several points here, but it sounds to me like you encouraged a lot of people to walk off the cliff, and probably NOT with you.
if you want to get that info and more check out
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Phil has been right every up and down turn of this market.
Going to be a pullback this week, a raise to 9,000 (maybe), then a gradual fall to new lows.
FAZ will follow what ever path $RIFIN takes. Somebody put it nicely today when they described FAZ as a superball.
Thank you for that excellent assessment. Totally agree. 5 stars!
(Except I'm calling dow to 4000 before 2010, then lower.)