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

To: nspolar who wrote (10611)	11/20/2008 9:30:13 AM
From: John Pitera	Respond to of 33421

Hi Falcon, At DJIA 4000 I am expecting round the clock coverage of all episodes of Aqua Teen Hunger Force from Nick's Adult swim... and also for society to develop a passion for 12 Oz Mouse........ Mouse at interview....... do something, I'm doing it. Shark, what are you going to do..... Mouse: It's done, I've already done it. I'm hired. No it's a series question, but give me a bit of time to gear down for a proper explanation of the Possibilities of the Dark Side I really would recommend pulling up that 70 some odd page treatise by Martin Armstrong as he most likely has many of the right ideas, and the timing models are talking about djia 4K financial system extreme stresses as 2010 -2011 year events. I've predicted a lot of gloom and doom on this thread for 2 years and really continued to harp on the coming bigger problems with Credit Default Swaps, off balance sheet liability placements, inflated PE that companies have had by having ongoing recurring write down for extraordinary items that CANNOT be extraordianary if you are doing it every Quarter or two. We've had 200 mortgage brokers go bankrupt..seen the end of the Investment banks as LEH, and BS are gone, MER had to find a buyer.... GS and MS threw in the towel have become banks and can only lever up their blance sheets 10 times not 30 to 40 times like they could. We've seen a million JOb cuts announced. The Treasury came up with 700 Billion, The FED has used 4 times the balance sheet that august experts like John Bogle told us it had back in March. The Auto companies are in death spirals, emerging markets are down 60 to 70 to 80 percent this year. We've seen currencies like the AUD fall from 99 cents and change in July all the way back to .60... that's the all time low for the AUD going back ot the 1985 float and the 1986 collapse (albeit intraday it did swoon to 57.17 in June of 1986, but close the day back at .60) Crude has never had such a hugh straight up trending rally with then a total give back of this magnitude this quickly. Credit spreads, LIBOR -OIS, the TED spread, the collapse of the commercial paper market.... it's only the FED stepping in and managing it that's keeping that market going. I can easily sight 50 other remarkable outlier events we have seen this year. My point is for someone who was writing posts as bearish as they come 4, 6 and 9 months ago.....hey it's all been down and coming to pass. You know in Oliver Twist the young orphan, wanders up to the porridge pot and says in a diminutive voice please sir can I have some more right Now I'm at the polar opposite of that ....... no thank you sir, I think I've had all that I need ...plenty of carnage everyone Remember whether you are picking up women at nightclubs or Big Game Hunting on the Serengetti....it's always considered bad from to kill more that you can eat. Lot's of stuff to be digested by our economic system here. at least for 2008 and I'm hoping much of 2009.... To use the bear analogy... I'm plum damned stuffed.. I want Mamma bear to come and hibernate with me and rub my back........ I'm sure there will be another leg of this out in 2010-2011, but I'm engoured from this bearish psychological feeding frenzy. JOhn side note: (But that does not mean the big 3 - little 3 US auto makers are going to get out of this scot free.)