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To: Real Man who wrote (349226)11/23/2007 10:06:15 AM
From: stan_hughes  Read Replies (1) | Respond to of 436258
 
If you get down on all fours and put your ear to the ground, you can hear the distant sound of share prices falling all over the world.

Keeping in mind of course that any time you get down on all fours with your head on the ground, you will temporarily be somewhat open to "exploitation" as it were by a rally-inducing Fed and their short term market support tactics. But nobody ever said being a bear was easy, and maybe that's what makes them so mean LOL

It took a long time and a lot of financial engineering to drive prices up here, and since a large chunk of the banking cabal is literally fighting for its life now, I expect them to use all means available to try and fight off the inevitable as the air comes back out of the bag. As such, rather than the quick-and-dirty crash scenario, the odds are swinging toward the long slow slide that seemingly takes forever to unfold -- sort of like reading Tolstoi, where you already know what generally happens in the end but you still have to wade through 78 chapters of details.

10 year VIX monthly courtesy of the Birdman -- 45 is looking more and more doable every day -- stockcharts.com