The FED, the HOUSES and the agenda of each. All of this crap about PPI, CPI, TRADE DEFICIT, BOND YIELD, CRB INDEX, GOLD etc. etc. etc. is nothing more than minute to minute, hour to hour, day to day peanuts for the ignorant monkeys that live on such inconsequential dribble. These numbers mean nothing to anyone but the exacerbating carnival road-shows like CNBC and CNNfn.
That might be true if all that happened is that prices bounced back and forth aimlessly around some zero line but that's not what's happening at the moment. Sure smart operators be they the Houses" or rinky dink traders take advantage of the hoopla, SO WHAT?
Just to be clear here I wasn't trying to say we're lookin at a crash, I have no idea about that, but I am pretty certain we're looking at a lot of risk in the market for now, risk that will not be removed by some sort of turnaround on Monday after another 200 pts down. Those charts I put links up on show trends that have been taking shape for months, those numbers on Friday just reinforced them, that's all.
I would just like to say in closing that should I be wrong about the market NOT CRASHING but actually recovering in the next few weeks, I will miss all of those individuals that have made my stay here such a joy.
What's the big deal? If you're wrong you can just acknowledge it, you don't have to go hide out in your den. That's one of the market's great characteristics, as opposed to philosophy for example, it becomes all so clear who got it right and who didn't.
Dave |
