Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: GrillSgt who wrote (219132)	2/5/2003 8:26:22 PM
From: Secret_Agent_Man	Respond to of 436258

Buddha sums it up this way: “At least the Germans are not in denial and are admitting to the inevitability of common contraction and the double dip recession. I believe their market has already violated the October lows. Guess where our market is headed? Eventually the denial machine that works overtime daily in Amerikanna will have to confess to the double dip recession. Four out of 5 recessions always double dip.” “The Matrix realizes this and has been furiously pumping money and lies into a bloated carcass of wind, foul gases and Death Star equities in a typically arrogant attempt to deny reality. Once reality knocks it will be retail consumers who are left holding the bag anyway. For now the last stand at the Alamo is to prop hapless consumers on the battlements while Houston, Crockett and Bowie attempt to secretly dig their way out via underground passageways. Its only a question of time before the walls get overwhelmed by hordes of Santa Ana short sellers, Chinese gold hoarders, and other enemies of the Al Green Regime.” “All things which expand recklessly and foolishly will eventually contract and seek restitution in historical regression to below the mean average. Meaning in short that after an orgy of pies, cakes, cream fillers, T-bones, sausage, pasta and Velveeta Cheese, chased down by keg loads of cheap Bud and Carlo Rossi, there is only one way out. A long and painful term of gas, bloating, public flatulence, uncontrollable diarrhea, bounts of acid burning Reflux, insulin shock, later life diabetes and progressive Irritable Bowl Syndrone ending in the final solution: The Al Green autographed Colonoscopy Bag.” The volume on the broad market spike today was pathetic, satisfying another failed breakout and another low volume retest of last week’s 1.8 billion hysteria spike. Most of the Supermodels tried to escape from the Depression Chamber to make a run for Victoria’s Secret but were quickly round-tripped back to where they started. The QQQ’s got a short covering volume shot in the morning, but huge selling volume came in during the afternoon. Needless to say, lots of Riverboaters playing equity options, gold, the U.S. Peso, Euros, and all the rest were cleaned out today. Right now, we are on track to follow a symmetrical decline on the S & P which matches the slow ascent from January 1995 to February 1997. That means “death by a thousand cuts” for the next 18 months. Some days we will gap up on the open and sell off. Other days we will open lower, and grind up. But the general path will be a 30 degree slope to the downside, with some brief waterfalls, followed by some meek bear rallies. What does that mean? Probably more selling in tech, retail, and the banks. But some unexpected strength will show up in other sectors, like gold, oil, natural gas, and some commodity stocks to soften the broad market decline.