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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (87511)	5/27/2009 4:03:20 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

Spoos are just flat for the year. We'll see. In the beginning of the year we were scared that 4 largest banks will go BK, taking the whole financial system along for the ride. That culminated in March. Overall, it's a little early for the top, I think, given the scale of prior destruction, but I agree with you, the bulls had quite a ride already. The model seems to give 10% up from here and July as a possible top. What I don't like for the bearish case is that I see too many bears who want to short this just cause we had a large rally, a bear rally, or so they tell us. Given that they do want to sell it, and all they could achieve was a flat month, I think the path of least resistance is still higher. These bears need to be run over before the market can roll over. That, and a stream of mildly positive economic news plus a quiet credit market. -g- Here is an old credit bubble chart reminder. FWIW, 2009 looks to be good, while 2010-11 will be ugly. -g-