Hello Pezz, I know you are as anxious as I am to get a front role seat to the show of carnage and mayhem, death match and survival, heroics and foolishness, and unmitigated greed held in check by absolute terror.
I came home early this afternoon, took an uncustomary weekday nap, stocked up on energy, and then went to the supermarket, to stock up the refrigerator.
Now I am ready to learn from the show that will hold millions attention, to shock and awe, to amuse and teach.
I am looking around the news channels, and what do I see? Perhaps I am seeing a vague pattern of doom against a noisy background of gloom?
biz.yahoo.com
“Bush admin open to ending GSE govt credit line”
biz.yahoo.com
“U.S. mortgage lenders fret over gloomy future”
Message 19426970
“Hong Kong share prices tumbled 4.1 per cent - the biggest decline since September 11 two years ago - on Thursday, following sharp losses on Wall Street and in Tokyo”
quote.bloomberg.com
“Nikkei, Topix Post Biggest Drops in 2 Years”
forexnews.com
“Will BoE Tighten & Fed Follow?”
Do you see what I mean? There isn’t anything there that I would call the ‘smoking gun’ of a kill, or the catalyst of a collapse.
So, what does the market know that we do not know? Deficits, Debt, Devaluation, Decline, Delusion, Death, Depression ? What ? Or perhaps it is just Valuation?
Perhaps it's just that 'October' tradition ;0)
Chugs, Jay |
