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Non-Tech : Kirk's Market Thoughts
COHR 185.06-1.0%2:27 PM EST
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berniel
To: Clam digger who wrote (13852)5/24/2022 10:24:32 AM
From: Kirk ©1 Recommendation   of 26901
 
Frauds and welchers will do and say anything to keep the illusion going. I remember Jim Jones left California for another country, Guyana, when too many family members of cult members tried to expose him. Eventually family members got a congressman and his staff to leave the safety of the US to check on Jonestown... and my congressman did not return and his wounded staffer, left to die on the runway, is currently in congress. You recall that rather than admit they were fooled by a charlatan, the congregation drank poisoned Kool Aid.
What is really interesting is how Jones treated followers who questioned him...
Temple members were regularly humiliated, beaten, and blackmailed, and many were coerced or brainwashed into signing over their possessions—including their homes—to the church. Black members and members of other minority groups were convinced that if they left the Peoples Temple they would be rounded up into government-run concentration camps. Family members were kept apart and encouraged to inform on one another.

https://www.britannica.com/event/Jonestown
Sort of reminds me of banning people who question the welcher.

As for the reality of a bear market, I agree. I believe the charts pretty much said it was a bear when about 8% down when the H&S tops formed in many high market cap stocks as well as the SPX and the bottoms started to fail.
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