April 4th the LOW, give me some of that stuff to smoke, you are dreaming my friend.
Listen folks, we are going down here, we are going to test the lows. This, I repeat, this is not the final wave down.
NAS 1770, then 1710, then 1619, I say we hold 1710.
SP 1080
DOW 9400 to 9600.
Then we rally, it will be a mild rally at best - it will be a friggen headfake, shorts that do not cover will feel some pain, but longs that think the bottom is in for good will feel even more pain once we turn again.
Once warnings season starts in September market will start to break down. And from there we are going down hard into April of next year.
DO NOT LISTEN TO ALL THIS BOTTOM TALK as April being the total LOW. IT IS HYPE and HOPE and it IS NOT GOING TO HAPPEN.
Listen to whomever you want, but you know my reputation and this is my call.
Good Luck all.
IMO - DO NOT BOTTOM FISH, F cheap stocks, they will be soooooo much cheaper next year, play the rally, BUT DO NOT EVEN THINK OF BARGAIN SHOPPING FOR LONG HOLDS THIS YEAR.
Listen folks, I read A TON, THIS DOWNTURN is like nothing seen in a long, long time, the debt load IS MASSIVE, FRIGGEN massive, THE GDP IS 66% people spending money, emerging markets up to their eyeballs in debt and imploding.
Real Estate the next bubble to burst and it will kill this economy like nothing you have seen in your lifetime. I could go on - WAKE UP AND GET READY, there is still time to save your money.
OK
West |
