John Pitera's Market Laboratory 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 : John Pitera's Market Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Pitera who wrote (10092)	10/12/2008 10:20:07 AM
From: John Pitera	Read Replies (2) of 33421

For those that missed my prescription for a full blown bear market sell-off over the weekend of Sept 27-28...... Message #10092 from John Pitera at 9/27/2008 12:28:50 AM .For those that missed this..... Only a 50% collapse in US equity prices will serve as the evidence that we need a comprehensive package to enable a workout of these credit excesses and extremes to be viable. A workout that really is no use to anyone except those fat cat investment bankers that have already embarked upon their rather large yachts and ocean going vessels to Tahiti to put all this unpleasantness behind them. After all, If Gaugain could find peace and serenity in Tahiti.... and Marlon Brando could duplicate that scarce commodity of serenity.... well why not head off to that safe sanctuary. ---- We probably need a really vicious 50% hit to our US equity markets to bring the fear of GOD into mainstreet. This event is being treated as far to much of a theoretical execise in how capitalism can structure these workouts.------ John ............ we have been getting that type of equity market declines to bring this all back to reality for the average folks on main street. Now we have seen so much panic selling that it appears that those with dry powder can start to explore washed out longs especially if we had a wash out to 775 SPX. John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next