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Direxion Daily Financial Bear 3X ETF Message Board

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  • yourdeadmeat69 yourdeadmeat69 May 7, 2009 8:31 PM Flag

    Yeah, we might lose money tomorrow, but let's get real about what's going on

    Note the unemployment scam. They underreport the current month and add the delta to the previous month and call it a correction. That makes it look like a downtrend from horrendous to merely miserable, 700K to 600K instead of leveling off. Why? It pops the market in time for the dilution and selling of assets and conversion of shares to generate higher revenue, lower conversion preferred to common rates, to rape a whole new series of suckers.

    With CNBC and FOX roaring to the pump, it is only a short time to the dump. I don't know when the rollover, but I'd be surprised if we didn't get all the planes and schemes to dilute and scoot in time for the end of this part of the W, not V recovery.

    That last leg of the downturn may not take us to 89% off the high and mimic the Great Depression, but it will get close.

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