I reiterate--By the third week in Feb., 2011, SDS will be 30+.
The NOD's starting into play--housing has not recovered.
Earnings not blowing numbers out of the water.
With inflation rising, spending cuts predicted, no more QE's,
Muni's in jeopardy with States in default, Euro approaching equality with the dollar, this Market is headed for a "perfect storm".
Watch to see if the VIX begins to stir from its sleep.
BTW-- Here We Go Steelers, Here We Go!!
Revvin' For Seven!!!
GB is favored, love being the underdog.
STEEL SLICES UP CHEESE
I WROTE THIS FIGHT SONG:(ENJOY STEELER FANS!!!)
Here We Go!!
To Dallas with LeBeau and his D's
Ike, Troy, James, and the gang to the show-
As the "Steel curtain" brings down the cheese.
Here We Go!!!
Mende, Ben, Hines, and the O's will run, pass, score, that will strike such a blow-
Tomlin and Rooney holding the prize with the team's seventh ring in tow--
While rotted cheese go back to Green Bay
with images and memories of "Black and Gold" all the way.
Here We Go!!!
Ben's been hurt for several weeks==Rogers is just playing the "poor me" guy and will use that as an excuse when they lose!!
Our offensive line has been hurt, Troy's been hurt.
The Steelers have been resilient and won, that is what makes us great!!
Well .. don't get me wrong. I hope you are right. But I don't see how it's possible that SDS moves over $30 any time soon. The reason I say this is that it's not really true there is no more QE. For example, read this:
But even without that, the Bernank would just implement QE3. How is it possible for the market ever to enter a downtrend under these circumstances? Again, don't get me wrong. I want to be wrong about this. I hope you are able to crush this objection. I'm looking for a reason to believe that short is right. What do you say?
"How is it possible for the market ever to enter a downtrend under these circumstances?"
Inflation leads to higher rates leads to lower stocks is the most likely possibility I see. A realization that there are safer, higher returns from fixed income.