nawww... we're finished.. bulls rule -g-
actually, as you know I've been waiting for the bond mkt to break... looks like that has finally started.. next we need the buck to tank... and the table will be set. The timing is the hard part... we're starting to roll though it appears.
high multiple stockks should tank in the first wave as interest rates rise.... that means.... GE, HD, WMT, MSFT, DELL, internuts, SCH, technology, etc. (note many brokers MER, DLJ, LEH, SCH, EGRP have already put in pretty ugly tops)
fairly good cases for these stocks all having put in tops and being prepped to crash can be made pretty easy...
Watch our MO indicator.. it conitnues to crash and points DOWN for the mkt... a breach of the current level by MO would indicate to me the DOW at sub 7000 somewhere in the future.
so let's see what next week brings to the table.... |
