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Strategies & Market Trends : Strictly: Drilling II

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To: nspolar who wrote (10375)4/2/2002 1:31:12 PM
From: SliderOnTheBlack  Read Replies (2) of 36161
 
["Just trying to figure out how this gen market correction is going to affect other things."]

...I'd re-phrase that as - "just trying to figure out WHEN the general market is going to affect EVERYTHING (other than gold/silver)"

When, not if...

We will have a Derivatives Crisis that will become a market history chapter... JPM's stock was beginning to reflect the potential of an uncontrolled meltdown...ie: "Too Big to Fail, but Too Big to Bail"... and THAT is reality and one we're going to see unfold imho.

I can't imagine a more dangerous confluence of of Rogue Wave catalysts than what we have now... a still dramatically overvalued market on any & all historical metrics, still insane positive market & economic sentiment, an investor class that is still basically "all in"... a propped up market, a propped up US Dollar, a Japan that is ready for it's final downside crescendo, a 9/11 part deux reality that is totally discounted by the US Markets, Mid East War that is totally discounted by US Markets and public sentiment and a still supressed & manipulated Gold Market that is the tip of the Derivatives Volcano and a still crisis-environment for debt & credit quality and corporate earnings.

The Gold cycle is just starting folks... this train has a long way to go & unfortunately it's blue-sky potential upside yet to come is going to come atop the backs & carcasses of a soon to be decimated investor class imho... as all roads still point to REALITY and "reality"
means DOW 6,000ish and a triple digit NAZ.

...we shall see
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