Waiting for some pop up for next 2.25 months…and then the road to 5,500/3,000 and finally 1,000. Probably in 2009/2010/2011 and 2016.
550/350 and 100 on ES.
16/17 years of sideways movment a la 66-82. It all started in 2000!! And those idiots on Wall Street had you believing you were in a new Bull mkt.
Finally people will realize the Stocks are not the real economy and the reversion to the mean will come to pass, albeit overdone.
If you want to make any money in this game trade commodities, the best thing for the next 5-6 years and if you wish indices. Stocks….no, options maybe.
If you want to buy and hold…buy Japan and by 2023/24 and definetly by 2033/2034 it should be much higher than 39,000.
History always repeats itself…don’t ask how..what seems fundamentally obvious now never does come true. ( Club of Rome 1970-73, Japan best country in 80’s and management the best, early 20th century South America would be the richest continent come 1970/1990, etc.)
I can tell you China and India are not going to be any super powers in 30 years time or whatever. The obvious BS never comes true. India will be better off but may implode internally. China will definetly implode. When your “Time” is up…it just is.
As long as Communism does not come back in a big way or some other form of rule to challenge America’s version of Capitalism….America will reign supreme.
Funny when you did have the cold war etc. the governments made sure the people in their countries were taken care off…lest they start a revolt. Inflation adjusted the American worker has not had a raise since 1979/1980 and they told you that you were the most productive…and you the masses are more broke now than in 1979.
Alas with only capitalism around….we have all gotten much poorer since Commumism and the Berlin Wall fell down….1990.
The year globalization was born. False dawn…but nobody gets it.
RichFeb 26, 2009 @ 9:21
M1 and the Monetary Base contracted for over a month in attempt to immunize unprecedented explosions of money in the fall of 2008.
As hidden M3 contracted in early 2008, these effects beginning to be felt in the financial markets and economy.
Banks which own bonds rallying.
Gold and silver declining.
After a bear trap head fake rally up to 6000 Dow points,
the bear market may resume in earnest.
JPMFeb 26, 2009 @ 4:12
Rick, perhaps it has been another slip of the tongue, like so many
we heard last year in Congress from the dynamic duo Paul and Ben.
That is, does he intimately think that the whole present mess with its deflationary components has been caused by his “doing his job” and that it was their deliberate
objective to achieve it? Here in Greece, helicopters are becoming the preferred
vehicle of high profile delinquents for their getaways …
Anyway the mess has also a strong price inflationary component, that
should appear when the first part of the mess starts to be left behind.
My hope is that by then Volcker Magnum will be in control.
Comments on this entry are closed.
Waiting for some pop up for next 2.25 months…and then the road to 5,500/3,000 and finally 1,000. Probably in 2009/2010/2011 and 2016.
550/350 and 100 on ES.
16/17 years of sideways movment a la 66-82. It all started in 2000!! And those idiots on Wall Street had you believing you were in a new Bull mkt.
Finally people will realize the Stocks are not the real economy and the reversion to the mean will come to pass, albeit overdone.
If you want to make any money in this game trade commodities, the best thing for the next 5-6 years and if you wish indices. Stocks….no, options maybe.
If you want to buy and hold…buy Japan and by 2023/24 and definetly by 2033/2034 it should be much higher than 39,000.
History always repeats itself…don’t ask how..what seems fundamentally obvious now never does come true. ( Club of Rome 1970-73, Japan best country in 80’s and management the best, early 20th century South America would be the richest continent come 1970/1990, etc.)
I can tell you China and India are not going to be any super powers in 30 years time or whatever. The obvious BS never comes true. India will be better off but may implode internally. China will definetly implode. When your “Time” is up…it just is.
As long as Communism does not come back in a big way or some other form of rule to challenge America’s version of Capitalism….America will reign supreme.
Funny when you did have the cold war etc. the governments made sure the people in their countries were taken care off…lest they start a revolt. Inflation adjusted the American worker has not had a raise since 1979/1980 and they told you that you were the most productive…and you the masses are more broke now than in 1979.
Alas with only capitalism around….we have all gotten much poorer since Commumism and the Berlin Wall fell down….1990.
The year globalization was born. False dawn…but nobody gets it.
M1 and the Monetary Base contracted for over a month in attempt to immunize unprecedented explosions of money in the fall of 2008.
As hidden M3 contracted in early 2008, these effects beginning to be felt in the financial markets and economy.
Banks which own bonds rallying.
Gold and silver declining.
After a bear trap head fake rally up to 6000 Dow points,
the bear market may resume in earnest.
Rick, perhaps it has been another slip of the tongue, like so many
we heard last year in Congress from the dynamic duo Paul and Ben.
That is, does he intimately think that the whole present mess with its deflationary components has been caused by his “doing his job” and that it was their deliberate
objective to achieve it? Here in Greece, helicopters are becoming the preferred
vehicle of high profile delinquents for their getaways …
Anyway the mess has also a strong price inflationary component, that
should appear when the first part of the mess starts to be left behind.
My hope is that by then Volcker Magnum will be in control.