Jay....in looking at the market in general it seems as though this is a dangerous time. much of the world is in recession, Japans banks may be in really big trouble, Russia is an anchor on Germany, Europe in general is not that hot, all of SE Asia is struggling, Brazil has joined the troubled ones and who is next down South, Argentina? Venezuela depending on oil? How about a China devaluation? Y2K?
and yet we continue in our so-called 'Goldilocks'...all time valuations, speculation, margins to the hilt, and continued calls for 15%+ growth while corporate profits suggest otherwise....are we next?
and still the market runs bullish
after hundreds of hours of detailed research I have come up with the answer....it is based on pure and undisputable fact
The market is running on GLUE....Joe SixPack is sniffing it....floor traders are passing the GLUE BONG around the floor......old ladies are recieving ultra sonic glue through their hearing aids.....Dow Chemical is up on rumors of glue shortages and rising prices.....there is a WEB page started by former LA gang members selling mail order glue to yuppies, the profits are better than crack sales, this gang has changed their name from the Crips to the ELMERS and their WEB page is called "We Be Glue"
I saw a hardup Fund Manger on TV the other day and noticed a crusty white film around his nose and mouth, I swear it was the dried residue from a 1st grader's glue/paste supply that was reported stolen in an elementary school breakin in Pennsylvania
I recieved 6 telephone solicitations on Tuesday asking me to join the 'Glue of the Month Club"
these are some of the reasons for my GLUE alert on Wednesday night and why i was expecting a glue high back into the 9400+ on the DOW
but i would be cautious because i believe the glue being sold by the ELMERS is bogus, it has been cut with....you guessed it...RAT SNOT!!
careful, there is bad glue out there, and it may not be as strong as expected
carl |
