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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (10092)	9/27/2008 10:40:35 AM
From: Hawkmoon	Respond to of 33421

WOW!! Even John Mauldin is telling us to "hold our nose" and support the bailout: frontlinethoughts.com Hawk

To: John Pitera who wrote (10092)	9/27/2008 1:24:15 PM
From: ggersh	Read Replies (1) \| Respond to of 33421

Well said John, seems to me HP and BB are panicking before the Market has even crashed, not good timing IMHO...... ggersh

To: John Pitera who wrote (10092)	10/12/2008 10:20:07 AM
From: John Pitera	Read Replies (2) \| Respond to of 33421

For those that missed my prescription for a full blown bear market sell-off over the weekend of Sept 27-28...... Message #10092 from John Pitera at 9/27/2008 12:28:50 AM .For those that missed this..... Only a 50% collapse in US equity prices will serve as the evidence that we need a comprehensive package to enable a workout of these credit excesses and extremes to be viable. A workout that really is no use to anyone except those fat cat investment bankers that have already embarked upon their rather large yachts and ocean going vessels to Tahiti to put all this unpleasantness behind them. After all, If Gaugain could find peace and serenity in Tahiti.... and Marlon Brando could duplicate that scarce commodity of serenity.... well why not head off to that safe sanctuary. ---- We probably need a really vicious 50% hit to our US equity markets to bring the fear of GOD into mainstreet. This event is being treated as far to much of a theoretical execise in how capitalism can structure these workouts.------ John ............ we have been getting that type of equity market declines to bring this all back to reality for the average folks on main street. Now we have seen so much panic selling that it appears that those with dry powder can start to explore washed out longs especially if we had a wash out to 775 SPX. John