lunedì 1 febbraio 2010

The Bull run is over?

First question should be: what bull run? Have we seriously had a bull run since March '09 to early January '10? Or was it all just pure manipulation led by the Fed's printing press running 24-7?
Has the economy "seriously improved" since march '09? Do people actually remember what the entire world was facing at the beginning of '09? It all looked like the world as we knew was coming to an end.
All of a sudden on March 9th, 2009 is became all good. Just like that!
Fantasy camp is something that only Cosmo Kramer lives in! Wake up folks and smell the coffee.

Now, having said that, I am not here to confirm that the stock market is going to start its next down leg....yet. But one thing I am quite sure of.....it's going to happen.
When? That I don't know, and nobody around does either.
It all depends on when the true s#]it will hit the fan and trigger the mother of all downlegs!

We may see new highs from here, for what I know. And to be honest, I wouldn't be surprised too.
This morning Obama came out with his new spending budget for 2010. A whopping $3.8 trillion!!!!
Ya, you heard that right. 3.8......TRILLION!
Now, for those of you that are good with numbers, you certainly don't need any explanation. For those instead that watch CNBC, Bloomberg TV....or Oprah.....then you better wake up and start saving whatever you have left since soon enough there are going to be some changes that you weren't aware of.
Tax cuts? I DON'T THINK SO.
But Obama said he's not going to tax more!!!! Ya, ok.......keep on dreaming.
When prices of goods start raising 5-10% per year/quarter/month...who know where they can go.....then you'll realize that whatever this Administration is doing......is DEAD WRONG!

Don't say I haven't warned ya.

Cheerz

M

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