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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: Andrew who wrote (5522)	3/19/2010 12:56:53 PM
From: westpacific	Respond to of 26251

Read all his writings have for years; but he has been way off the mark on many things; utilizing other data; stocks could and most likely will suffer as well. He is right in that bonds or anything else will not provide a haven... Also if you read his letter he also says we may see a retest of support; which is what 6000? Support is the old lows of last year. The channel. Agree about doomsday; INDU 4000 is not that....and that should be the low in the cycle...read my earlier post today. Doomsday is INDU below 1000, I simply do not see that. That is 1929 or 89 percent plus loss in value type stuff. In 1929 and in Germany stock holders survived; sure they lost capital; big capital. If bonds default; stocks will suffer as well; the whole system will freeze up! However; you have to time it right... If I utilize K wave and Kitchin Cycle data; stocks suffer too; but just to about 4000 on the INDU. If Bonds get wiped out on default and INDU see 4000; which would you rather own. Based on the K wave Superdome we are not going to new highs! Based on K wave; bonds are due to top out in 2012. W