4th False Bottom,enjoy!

Discussion in 'Trading' started by cmdtytrdr, Sep 19, 2008.

  1. Oh boy,

    It's been a while since my last post. Too busy trading and making money (until yesterday, that is.) How many times will the government intervene? Haven't they learned their lesson? Have you?

    This is the 4th time the market has rallied huge off an intermediate bottom, and everybody thinks, "this time it's different." Guess what, it isn't.

    This will only make things worse. We may rally some more, but eventually we're going lower; after these changes, probably a lot lower.

    You can't just sweep all those losses under a rug and have the government assume them, and expect it not to have an absolutely terrible impact on the economy. They should've let another 100 companies go under, market drop another 10-15% and then I think we'd be OK. Now, our taxes will go up huge and our country will possibly be bankrupt over this - the markets will eventually decline huge. We could have had a really nasty bear market and recession, now we'll probably have a depression if paulson and bernanke get their way. When all is said and done, I really don't believe US treasuries should be AAA. They should be junk. Probably will be in 2 years. Just my .02

    Keep buying, guppies...keep buying.