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

To: Fiscally Conservative who wrote (87778)	6/7/2009 9:28:23 AM
From: Real Man	Respond to of 94695

I did. A credit event, GM CDS auction this Friday, over 1 Trillion notional. I am not bearish at this point intermediate term, cause Fed printing will likely lift these markets. I have not been bearish on the markets for this very reason, and expect this credit event to provide a needed sharp pull back. I don't expect the market to go to new lows, and I do expect gold to soar this Fall season starting July/August to new highs around 1300 or higher. The story here is... Banana Republic USA. Look at Zimbabwian stock market. I expect oil will be back to new all-time highs a lot sooner than SP500. Unless the New Administration gets it act together and provide the needed restructuring of US economy, as opposed to more heroine (liquidity) to a drug addict (financial system), I expect the crisis will get worse, not better. That despite soaring stock prices, which will be a signature of the crisis from now on. We will have a very high inflation, and if more heroine is provided to the drug addict, eventually hyperinflation with prices soaring 25-100% a day