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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Box-By-The-Riviera™ who wrote (101363)2/15/2009 2:56:22 PM
From: TH  Read Replies (2) of 110194
 
JD,

I think Bart is just being conservative. If we take out the highs (say 1033, which we held for about an hour <ng>), then there is every reason to expect a wave of chickenheads to buy on technicals. I'm thinking the next stopping point will be in the 1200 range, but I do not expect a pullback this time. I think we get into that range and base there for a good long time.

In a year or two everyone will look back and wonder how they didn't see it. I mean a trillion here, a trillion there, and you are talking about some serious expansion.

The seven monkeys appear to have nothing of importance to say this weekend. I think they are confused and just plain out of ideas to get credit expansion moving again. Of course in the backrooms the deal was made to give the Japanese what they want, which is a cheaper Yen. So that move is basically a lock. I'm going to have to consider a play of some kind on that, but I generally avoid forex (for it is madness and based on nothing but the whipsaw whims of central banks and manic forex traders).

Still thinking and searching for answers on the end game and asset allocation. Debt is bad, but I'm thinking if a person has X units of gold and they take on .5X units of debt, this might be an interesting play. But, like you have told me, cheap real estate might be a lot cheaper. So I wait and study more.

GT
TH
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