Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: gold$10k who wrote (8811)	3/5/2002 12:38:49 PM
From: SliderOnTheBlack	Read Replies (3) of 36161

Get rrrrrrrrrrready to rrrrrrrrrrrumble ie: [ ...just checking in from Spring Training & the Grapefruit League with a little "good news"... can't believe this Rally & the media spin on the economy having turned & the Recession being over... PS: the Cubs lookin' good... McGriff still has a couple of years of pop in the bat; the Key will be Kerry Wood... if healthy; this could be THE YEAR (vbg)...] Bear Market part deux... Bears.... get ready to lay hard & heavy on the short side atop this prop-job rally as at the end of March the final meltdown in Japan will begin as Japanese Banks must begin to writedown their asset bubble... which will begin to trigger a repatriation of US funds & the ultimate US Dollar blow off. A Dow 11,000 & NAZ 2500 in "this" economic environment & PE/Valuation level would be the BEAR opp of a lifetime imho.... we ARE going to be in a multi-year BEAR...this is just the beginning..... DOW 6-7000/NAZ 850 are coming....WHEN, not IF.... bank on it. - still irrational PE/valuation levels in the market - earnings & quality of earings/accounting crisis still exists - Japan's coming writedown's - Propped up US Dollar creating global stress fractures - Debt burden of US Consumer & Corporate America - Unsustainable Trade imbalance/Account Deficit - Collapse of US Mfg sector - (see King dollar/trade imbalance) - Cost of War on Terrorism AND undiscounted future EVENT risk - Residential AND Commercial Real Estate - will be the next BUBBLE to collapse - US Banking Derivates Crisis still awaits I wouldn't have a single dollar long in this market in ANYTHING other than Gold/Silver stocks - period. Enjoy the multi-year Gold/Silver Bull as well...see you all at HUI 125ish (vbg)~ We are once again going to be humbled by history... we WILL see a period when the masses won't want to even touch "stocks"... when, not if ~ The day of reckoning will soon be upon us... be prepared. tic - toc~ re: the Valuations; check out Intel's PE here & compare it to the last chip/semi cycle... this is i-n-s-a-n-i-t-y.

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