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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: bart13 who wrote (99762)	11/20/2008 8:43:30 PM
From: Robin Plunder	Respond to of 110194

nice chart...omfg...at least gold was up today...:) sheize robin

To: bart13 who wrote (99762)	11/21/2008 12:06:23 PM
From: LTK007	Read Replies (1) \| Respond to of 110194

Edied:Well i see one bright spot, but only one, on that most excellent chart. i estimate DOW retraced 50% of its 1929 lows before the great decline recommenced. i have been nibbling on UYG, on a laddering down. Now have Cost/Basis of 5.57. Out side of that and one other position, i am 85% cash. i saw a CNBC analyst on Squawk Box saying the bottom we hit this fall will be it, the final bottom, all up after that, a long bull market his implication and i just grimace. His premise, the idea we will see a depression is POPPYCOCK. He gives no basis for this view, it is a pronouncement, like he is some all-knowing master of markets. But the market is saying otherwise But if we have a 50% retrace off of the bottom the Bulls will be in sweaty exuberance. To the wise and inquisitive i would suggest they comtemplate that 50% retrace that lasted into the spring of 1930 and what followed. Max ********************** This from Sachs. Goldman Slashes U.S. Growth Forecasts, Says Recession Deepens By Dave Liedtka Nov. 21 (Bloomberg) -- Goldman Sachs Group Inc. increased its recession estimates, saying gross domestic product is declining at a 5 percent annual rate in the current quarter and will drop 3 percent and 1 percent in the next two quarters. Unemployment will reach 9 percent by the fourth quarter of 2009, Goldman economists led by Jan Hatzius wrote in a research note today. Last Updated: November 21, 2008 07:28 EST