Saturday, August 29, 2009
Coincidence?
Is it a coincidence that my vacations always seem to align with countertrend rallies?
Well, here I am, so down we go....
Well, here I am, so down we go....
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WARNING: This blog contains views that are often unconventional. That's because "conventional wisdom" is designed to take your money
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Issued May 2007 - Short real estate, home builders, bond insurers and leveraged financials
Current Target - Ongoing declines
Issued Oct 2007 - Conservative investors go 100% cash and Treasuries
Next target - Two years of physical cash in home; Ladder short to medium term US Treasuries with the rest; Minimize bank account balances, CDs, and non-treasury bonds; associate high paying bond yields with capital starvation
Issued Oct 2007 - Short Dow (14,100) and broad market indexes
Next Targets:
by 2012 - Dow 3,800
then - as high as Dow 6,000
by 2025 - Dow 800
Issued Oct 2007 - Short Automakers and Airlines
Next Target - More declines, many luxury makes go the way of Duesenberg
by 2020 - pain
Next Target - Gold $475, other PMs with proportionate or greater declines
By 2020 - Gold $225
Next Target - $25
by 2020 - $4
Relentless DEFLATION
Increasing US Dollar buying power as measured by falling real estate prices, stock prices, most asset prices, and falling treasury yields; Periods of excessively negative 3 month treasury yields
Continued transfer of taxpayer funds, high yield preferred stock, risky loan guaranties, and asset holdings to the Federal Reserve and connected bankers in the face of taxpayer clamor; result: increased strain on commercial and consumer credit accelerates deflation
Main Stream Media to continue promoting Federal Reserve and banker agenda: more debt, more debt, more debt
5,000+ bank failures
More bank consolidations intended to shift FDIC insurance obligations to common stockholder losses
FDIC bailout/restructuring that compromises insurance payouts
Massive "New Deal 2.0" in order to transfer maximum wealth from the poor (taxpayers) to the Federal Reserve, connected bankers and corporations, and to benefit politicians; result: same as the original New Deal, economic depression
Supreme Court Increased to 11 Justices by 2015, unless the conservative majority yields first
Higher mileage vehicles go cheap and dirty, not expensive and "Green"
Continuation of 2007+ global cooling
I'm waiting to be convinced, that it's you. lol
ReplyDeleteFDR,
ReplyDeleteIt is great and awesome to have you back. I think everybody on the blogsphere was very concerned and worried about your whereabouts.
Welcome back, we missed you all this time.
FDR you said:
ReplyDelete1) One possible branch is a short-term dip to 7500, followed by a delicate month's-long medium-term rally probably into the high 9Ks, followed by a long-term breakdown (fast or slow).
2) Another possible branch is a short-term dip to 7500, followed by a climb to around 8.1K (c of 2 of 5 of A), followed by an acute extended 5 of A that moves down fast.
3) Another possible branch is that we are starting 3 of C now. This has the potential to be devastating in the near term.
So are we at scenario 1? If yes what now? Fast or slow?
just in time for another fall crash?
ReplyDeleteWelcome back, I think.
ReplyDeleteI thought you locked yourself out in your underground bunker.
ReplyDeleteGreat to have you back!
That was one hell of a vacation! Next time can you let us know in advance so we don't wonder if you've topped yourself?
ReplyDeletewell i am glad that you are doing good. I hope you had a great vacation:)
ReplyDeleteI thought the FED took you out. Welcome back! I'm really glad you're posting again.
ReplyDeleteSure glad to see you back, FDRAOA!!!
ReplyDeletewelcome back, never thought u could go on vacation
ReplyDeleteAs a longtime reader, back to mktwch, I'd almost given up checking in with your blog. I was truly beginning to believe you had been taken out. Thanks for coming back, hope you enjoyed your vacation.
ReplyDeleteI too had given up checking in your blog. I thought the FED had you squirreled away in one of their underground vaults. Welcome back!!
ReplyDelete