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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (40663)	10/3/2008 9:07:24 PM
From: Elroy Jetson	3 Recommendations Read Replies (1) \| Respond to of 218030

The result of the $700 billion bail-out is exactly what most economists and long-time market hands expected. cnbc.com Next week will not be pretty. Policy does not allow a choice between depression or no depression, but between depression now or a worse depression later. The bailout merely oiled the slide so the collapse of asset prices occurs smoothly. .

To: TobagoJack who wrote (40663)	10/6/2008 12:19:44 AM
From: prosperous	Read Replies (1) \| Respond to of 218030

TJ History shows that it takes 2-2.5 years for the markets to bottom from significant tops before things start to look up. For example: Japan in 1990, 2000, and now 2007 top, also we can look at Dow/S&P/NASDAQ in 2000 and current 2007 top. For the 2007 top we are about 1 year away from the top so I would say we need to give another year (October 2009) for the market to bottom out, buying long positions now is like buying in 2001, with half or more of the decline still left to go. This feels like the weather channel has issued warning on two back to back category 5 financial hurricanes headed straight at me with adequate warning (credit+housing, and hedge fund meltdown); have started driving away, the question now is does one of these hit or am I far away enough when they hit that they just dump 20 inches of rain on me; don't think there is easy way to stay dry in the global synchronous asset price meltdown, government monkey-tricks to help me with various way of keeping me dry not withstanding