That's the PPT ramp. The credit problems are HUGE this time,
though. If it fails, we may have a BK by Monday. I mean,
a hundred SP points lower, at least.
The bear emerging from manipulation will be very, very
vicious... 1987 will be like a walk in the park in comparison,
so will 1929. The credit bubble has been a lot bigger in
derivatives. The problems in that land are HUGE now.
It sure looks like ALL of that market is blowing up.
If the bear emerges, that is. -ggg- He may
still be overpowered by the "forces" that suppressed post-tech
bubble fallout for 4 years -g-
Sure, one can bet on recovery here, and it would be 95% good
bet, but I would bet only with calls. If the manipulation is
overpowered now, the game is OVER. We are in for a lot of pain,
and a big crash, because there is no other support under this
market.
I would not be invested in these markets if they put a gun to
my head -g- Eventually it will happen, and I bet soon, but
maybe not today, and not this week. |
