Hello Bill; You been on vacation ? Well so far a true case for a
Bear market has not been made, but it sure is getting close.
If we fail to rally this week coming and hold it at least above
8150 on the DOW, and 1022 on the S&P , then we could get in serious
trouble. Any more new lows could cripple the Bull.
-------------
For the lick licking Bears ,
The bears don't realize is if what they seem to be hoping for happens
it could likely continue until the profits they make won't be
any good, as the currency it self goes all to crap.
Also your home loses value , but if you have a mortgage your still
paying for the old value. To top that off it can't happen and not
cause massive layoffs, eventually there is no way out but War
or massive inflation, will gold become king again, if it does
so will crime. All I can say if your real bearish be sure all
your debts are paid, money made on the down side will seldom
offset the side effects.
It gets down to you better know
who your real friends are, as that can mean a lot more than
gold when times get tough. If you could bring the old Czar of
Russia , and many like him back, they would tell you quickly
money is not security.
If you look at real crashes like what just happened in Asia,
you will see the money fell right with the stocks, there were
no winners even the banks who in the hope of saving their ass
shorted them, wound up eating debt.
Jim
|
