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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ggersh who wrote (103955)7/10/2009 5:29:48 PM
From: TH  Read Replies (2) of 110194
 
ggersh,

Simply superb. And exactly correct, IMO.

I listened to some dipshit head explain the value at current Dow and S&P, and his reasoning was the current levels relative to past highs. I just had to laugh at how completely stupid this person was, even for CNBC standards (sorry, forgot his name).

The bulls just don't get it, yet. They will.

And, my number one reverse indicator has remained bullish in light of the death of every green shoot. With consumer sentiment today, we should have closed down much, much more. Next week it will start to sink in perhaps.

GT
TH
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