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Bears Can Hope, Can’t They?

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The U.S. stock market will be closed tomorrow in observance of Good Friday, meaning we are likely to go into a three-day weekend with our short position in the E-Mini S&Ps intact. Is the so-far moderate selloff from Tuesday’s high the beginning of a more significant decline?  It’s stretch to think so, since Wall Street’s con-men and feather merchants have been successfully working the Fed money machine since 2009, allowing precious few corrections that would have caused them any real pain. Still, all bull markets do end, and there’s a good case to be made that U.S. stocks have been building a top since late in 2014. My friend Peter Eliades dates the onset of the bear as having occurred in late May, when the advance/decline line of the NYSE Composite Index recorded a peak unlikely to be exceeded even if stocks rally to a marginal new record.  Only time will tell, but we should never count out the otherwise unemployable mountebanks, knaves, hacks and liars who have reaped undeserved trillions in salary and bonuses over the last seven years simply by throwing Fed funny money gifted them at shares.

  • none March 24, 2016, 6:10 am

    Peter Eliades is a good man and very hard worker, starting years ago on the 1st financial channel 22 in Cailf.

    As always little has changed.

    Have a great Holiday today, tomorrow and Sunday/Monday of course.
    Blood Moon Tetrad of 2014/2015

    1st 04/14/2014
    2nd 08/20/2014 (176 days)
    3rd 04/04/2015 (176 days)
    4th 09/28/2015 (176 days)
    Passover 03232016 (176 days)

    ’22nd (322) 23rd March 2016′

    From the 1st Blood Moon
    1 year 11 month 9 days (1119) = 3,9’s (999)
    From the Mid Point of the Tetrad
    1 year 1 month 19 days (1119) = 3,9’s (999)
    From the 3rd Blood Moon
    1 year 19 Days (119) = 2,9’s (9+9 =18)
    From the Bethlehem Conjunctions/Purim 119 days (119) = 2,9’s (9+9=18)
    From Purim to Passover
    29 days (29) = 2,9’s (9+9=18)

    This will be the 5th Blood Moon
    22nd (322) 23rd March 2016 on Purim, this is the 1st ‘Pentad’ (5th Blood Moon) in 2000 years.

    This states great change is coming or is here.

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