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Politics : Welcome to Slider's Dugout

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From: SliderOnTheBlack1/21/2008 6:14:01 AM
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Hold on to your shorts...

Global markets tanking... India, China,
Japan, the German DAX -- all down hard.

It's a good thing U.S. markets are closed
for MLK day.

The VIX will now rise to levels indicative of a
capitulation, with forced selling/liquidation
and a bottom to follow.



This was a planned, and very well orchestrated
final shakeout, just before massive Fed action
and a major stimulus package.

The market got rallied right up to the end of
the year - so Wall Street bonuses got hit, and
to support the holiday retail season.

And now, as fresh individual investor money pours
into 401K's and IRA's...they cash out, and take
markets down hard, just prior to the Fed cuts.

One last brutal washout prior to the Fed cuts...
and then they walk back in and pick up all the cash.

And everyone wondered why the Fed just sits
idly by...on the sidelines?

Do as they do - not as they say.

Mo later,

S.O.T.B.

PS: re: Gold stocks...watch the HUI:VIX

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