Hi GZ and Amen,
Don't nibble today, the first rally will be crushed in the tide of redemptions and selling. Wait for the 4th failed rally (1st rally attempt might have been last Friday) and jump on the 5th. Read on for my perspective -Glory to God- of the Grand Supercycle now in place that will end in a banking crises much like the 30's. The coming bull market is a bunch of bull and a false rally that will dive into infamy.
The millenium crash was to happen at 4,000, 5000, 6000, and 7000 , but the 5th cycle millenium mark of 8000 is the peak. 8 is the number of renewal.
"As a wave increases in height, its mass increases exponentially, as does the energy released when it breaks" a surfing physicist -g-
I believe we are now in the 5th wave of a 4200 hundred year cycle (roughly 840 years each) and this is also a time of renewal. The last two cycles ended in the Fall of the Roman Empire and the Dark Ages.
But this is all man's folly and unimportant. The search for riches, fame and self-agrandisement is man's folly, for we come into this world with a breath and leave this world with a breath and all the accumulation and gathering of things in between is folly. Is this not why we see people who have seemingly everything, riches and fame, like John Belushi, unhappy in life, inject themselves with certain death.
Here we are complaining about only a 20% return on our mutual fund while the market returns 36%, while a million people starve to death in Korea and even resort to cannabalism. When the world becomes this perverse there has to be a reckoning. When you have a good son and American patriot's mind becomes so twisted and perverse that he would blow up innocent babies and people without even a twinge of conscience, there has to be a reckoning. When you have young boys go into an abused animal shelter in the midwest named Noah's Ark and beat 40 cats and dogs with bats beyond recognition, there has to be a reckoning.
bobby beara says that when a man looks at a magnificent skyscraper he doesn't say big bang, he says aaaaaah creator, that this magnificent structure was begun as the seed in one man's mind,
but when man looks at the marvelous heavens, smells the fresh salt air coming off a breaking wave, listens to the playful chirping of the morning sparrows, looks into the eyes of a laughing child, tastes the luscious strawberry fresh off the vine, man says big bang, when man should be saying, aaaaaaaahhhh the sweet, sweet, awesome face of God.
What is not folly is to seek first a loving and grateful relationship with the awesome creator of all these wonderful things. Amen?
Baruch haba beshem adonai |