John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Hawkmoon who wrote (9039)	3/16/2008 8:38:13 PM
From: nspolar	Read Replies (2) of 33421

'or $2 a share' Incredible beyond words, imo. Any type of TA at times is as worthless as shit, imo. I do not follow BSC, but I just looked at the chart, and I see no hint of such a collapse. A top and correction yes, but an utter collapse no. This business of investing is so tough at times. I had thought Mr. John Pitera was maybe over hyping the fundamental issues w/r to the broader credit picture, just a tad perhaps. Rather, now I think he and others on this board have done an excellent job. OTOH how this all works out in the broader scheme of things is a story yet in progress. And it will be oh so interesting to see how much The Fed cuts on Tuesday. The rock and the hard spot as I see it is that JQP does not want to bail all these bastards out. So there is likely a lot of behind the scenes manipulation going on. Plus The Fed can not be seen as being soft on inflation. In the end my bet is that what they do will in the LT sense will be inflationary, even though it may not at this moment seem that way. I think it likely we are dead nuts in the center of a bowl type transition, from deflation to inflation. Later.

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