Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 681.92

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Dec 31 4:00 PM EST

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To: Real Man who wrote (3649)	5/7/2010 10:59:13 AM
From: DebtBomb	1 Recommendation Read Replies (1) of 220946

It could be it. THINK....what would fool the most people? THINK....like a criminal. They have the public tricked into thinking everything is fixed and there's recovery. This could be it. Short term, the markets are very oversold....on the weekly - not so much. It could happen quickly....or just slowly die....with typical bear market bounces along the way. Who knows? No one knows. I would load up though at Dow 3000 - 4000....IMO, that would be somewhat equivalent to the 1932 bottom, and this is worse, IMHO. Actually, what's equivalent to the 1932 bottom is about 1800 Dow...if I remember right. To me, this is a 1930 sucker rally. How did that one go down? After the 1930 sucker rally....the market tanked for two more years. That would put us into 2012. It could happen just like that. We're in the 2nd wave tsunami housing bust through 2011. And, by then, we may have lost our AAA rating. And....with peak oil and Cantarell probably toast....where will oil be? $400? It could happen like that. Or....like Iceland. We'll find out.

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