Hi Skeet; It looks to me the great bull market died in July,
History and most market gurus will not record it like that.
They will mark it about Dec, unless by some chance we get another
false rally. But it really died in July, and this may go to
show them that care to look, that a lot of market history is
not really what it seems.
Some of the most dreaded dates of the past, were not when the
market really reversed but only mark when the public found out.
Even the last years Oct 97 slide was not the reverse of that trend,
it had actually happened in early July, it ran till Jan this year
and then we put in the climb till Late July, but at that point
the fortunes of this market changed, while we bounced in Sept,
and to what looked like new highs in late Nov, it was smoke and mirrors, you simply must take the Dollar index and over lap
it on the S&P, other wise you are reading a lie.
We are not an island of prosperity of and unto our self,
when the reality comes home that the shit has hit the fan
but the stink was covered with sweet fragrance of RubeenSpam,
and that the value of the stocks if you try to sell them to
some foreigner are not worth any thing like what they were in
July , so o yes if you just stay here at home, they look ok,
maybe even good, but use them as cash and take them abroad and
see just how much you can now get for them, and compare that
with what you could have got in Mid July..
The trend is down, long , mid, and now short.
It's even worse than I first thought, now mind you I didn't say
it's going to get worse, I said it already IS, this market got
something like the equivalent of HIV but just don't know it yet.
Jim |
