Jim Willie, lets get down to calling a spade a spade.
<< out of bonds (rates rise in docile fashion) >>
I interpret this to mean that you believe that the interest rate on the 30-year Treasury Bond will rise, and that their prices will fall.
What is your prediction on the 30-year rate? Within what time frame?
<< into stocks (S&P rises in docile fashion) >>
I interpret this to mean that you believe that the S&P 500 stock index will rise. To what level? Within what time frame? It closed today, September 27, 1999, at 1283.31.
<< that precipice is still not far away
bighouses will have easy time in keeping us far from edge >>
I interpret this as meaning that you believe that we may be at some risk of having a major, significant decline in the market. But that the "big houses" will be successful in preventing that decline.
Is that what you mean? Is this a forecast, or not? If it is a forecast, what do you believe the market will actually fall to? Will the "big houses" keep us away from the precipice for several months? Until after the January rally (that everybody knows will happen according to The Great One? For how long, exactly? Will the "big houses" eventually allow us to fall over the precipice?
You see, folks, posts like this that sound so self-important and knowledgeable, are in reality just a bs hedge. By saying that we are near the precipice, but the "big houses" will have an easy time keeping us away, Jim Willie is trying to have his cake and eat it too. If the market rallies and 10,200 or so turns out to be the low, his "big houses" theory, derived no doubt from paying too much attention to The Great One, will be proven correct.
And if it cracks, he will no doubt be the first to have called attention to it. Then, it will be some exogenous event that caused it, that the "big houses" were unable to prevent. Currency traders, Los Angeles earthquake, China attacks Taiwan, bond collapse, sharply higher CPI, dollar collapse against the yen, Fed raises rates again, whatever....it really doesn't matter. Joe Willie warned us against it.
Give me a break, Joe Willie. You expound so importantly about options, and don't even know how or when they are opened. And when pointed out to you, you say that they weren't available last week.
Stop trying to sound important, and if you really have firm opinions about the future of the market, why not let us have them? So we can be the judge of their accuracy.
Always interested in firm opinions about the market. Especially when they are backed up with some kind of logical, rational reasoning.
Except when they are cloaked in some kind of bs about "the houses".
Yours for clearer opinions,
BP |
