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

To: pcyhuang who wrote (13383)	11/13/2012 9:38:33 AM
From: John Pitera	6 Recommendations Read Replies (1) \| Respond to of 33421

we are slipping off the cliff.... in quite a debonair manner..... Hillary Clinton will be subpoenad.... I was watching Joe Kernan of CNBC comment that he cut his exposure to stocks and risk assets back when the country received a warning of a potential downgrade. I saw him bring up that Marc Faber has been talking about a 50% reduction in almost all asset classes. Maybe we deal with the Fiscal cliff... maybe not . Bob Woodward was on the sunday talk curcuit and he says he has the copy of the final Obama administration's offer to come to the the Simpson Bowles 4 Trillion dollar reduced spending plan .....over 10 years I believe.. (I could be wrong about the time table) but it included cutting spending on Veteran spending, Medicare and Medicaid ( or else SS) Woodward's documents are available on NBC's Meeting the press, post show site. You have to go back to Teddy Roosevelt where his second term was more effective than his first term and Obama's is already blown up in his face ........even before he was able to give a speech that would float lofty theoretical goals......... He is going to wish he was never reelected by the time the next election comes. and hey..... it's an impossible job for anyone to succeed in due to where we are in the 16.7, 30 and 54-60 year cycle. This is a cycle that has developed from 1719 to a classic double top..... as euphoria bubbles out in mutlitple tops..... one in 2000 and the other in 2007. If you don't have an advisor who can get you diversified into, holding some assets in AUD, CAD , CHF (Swiss Francs) etc...... I'd advise you to do so. There are a number of banks including Scandinavian banks like Saxo that can perform these fincial functions.. John