Softechie, I'm looking for a money supply bubble bounce in July and August, after warnings, like in April and May, then KABOOM!!
I think the REAL bottom for the Nasty will come next year, at about 1000.
This economy and market has some serious issues that are going to have to be dealt with, sooner or later.
Things could change, but this is what I'm looking for at this point.
What's hilarious is the talking heads: bottom in, new bull market, train is leaving the station, year end rebound, don't fight the Fed, blah, blah, blah, same kind of thing they said at the end of Jan..
Well, here we are, after 5 rate cuts of a 1/2 point each, and the Nasty is below where it was before the first cut.
I think you know when the last time was that this happened.
Don't get me wrong, I think we'll rally, maybe starting with FOMC, and into July and August, and then reality will set in, IMO.
These talking heads are going to go down in the history books, IMO. |
