Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ballsschweaty who wrote (67235)	8/7/2007 3:30:03 AM
From: westpacific	Read Replies (1) of 116555

Impossible to make that call today. If FED cuts, then we shall see how the techicals react. If this FED is smart they will let the pain be paid now.....if they do not, they risk even greater problems straight ahead. And has anyone looked at the charts, this correction was a small blip on the screen, overseas markets, India, China are still in the clouds. What we saw today was shorts covering ahead of FED meeting coming - who trusts these clowns and what they may do. Saw tons of bloodbaths today, you see what the oil price moving down did to the MLPs....watched 10 to 20% down moves in stocks paying 7 to 12% dividends! To be long this game is a fools bet, but there are still tons of folks trying to time bottoms near term. Lets see how this thing rolls. No matter how you slice it, we have entered the end of the Kitchin Cycle, being long is total insanity here. Also the GSC Top comes into play early 2008. A correction is needed badly or inflation goes screaming to the sky - due to this fact, FED will change wording but not cut. Me, sitting about 95% flat as of 2 hours into Monday open. And waiting. West

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next