Ditto, Haim.. Great post!
I further wonder about how our country will be able to defend itself from big brother in the future.. We gave away our constitutional rights, to free speech, to bear arms, to decide what our children learn in schools.. When they start burning the books (like they have begun doing), freedom is history!
My take on our little 'correction'..
The Fed, along with Nasdaq CEO, Goldman, Lehman, MSDW, Merrill and others had a closed door mtg in February.. It was obvious the Fed couldn't continue printing and that the brokers were out of money.. Hence sector rotation and a declining A/D line for 2 years.. With the Apr/May lockup expirations hitting the markets, the 'dump' was orchestrated.. But more importantly, Greenie needed to deflate the bubble (wealth effect), where the inflation was without being blamed for the crash by ceasing margin borrowing altogether.. The effect was the same, they killed the margin-laden daytrader!
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