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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (73107)	5/2/2006 8:54:05 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

As I replied to Bill, things are different now, since this expansion is within the secular bear market, not the secular bull market, I think. The only reason the stock market is up is the Fed, and its manipulation. stockcharts.com stockcharts.com The market is tanking again big time in real terms. We should witness a spectacular dollar crash soon. We should "thank" the Fed for bubble-perpetuation via the dollar debasement. Things are going to be much worse than they would be without that institution. The dollar is tanking, the bond market is following, although it froze lately like a deer in headlights. The crisis is here, but that's JMHO. The Fed is out of the equation now. Its credibility is rapidly falling to zero. Sure, it continues to pump stock futures every morning, but the worthiness of its notes is depreciating very quickly. The only thing it could possibly do to stave off the dollar crisis, and fix the trade deficit was to raise rates sharply higher, causing the reversal of consumption boom and the bubbles. But no, it's too late now. It is not willing to do that, it is even willing to pump US stock market by purchasing SP e-minis with freshly minted cash. That's just MHO. The punishment for that is worthless dollar.