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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 681.43+0.2%4:00 PM EST

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To: GROUND ZERO™ who wrote (5603)6/10/2010 9:33:53 AM
From: DebtBomb1 Recommendation  Read Replies (1) of 219569
 
Here's the thing. We're in the eye of the storm. The false bottom in the economy and housing. Now, the 2nd wave tsunami housing bust is here and doesn't end until 2012. And, the bailout bubble is bursting.
Ok, so the March 2009 was when we entered through the eyewall into the eye of the storm....the calm....the false bottom....goosed by cooked books, rigged numbers, fantasy accounting, and printed money. Everyone thinks it's over....the storm has cleared....they fixed everything.
Now.... here comes the other side of the storm. How is the storm at the edge of the eye walls?
What happened on May 6th?
I don't think we'll trend down slowly.
It's like the 1930 sucker rally.
It's a con and a cover up.
A massive false sense of security.
I smell crash.
More "flash crash" or worse, IMO.
Just my opinion.
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