Global Asset Inflation started in 1992 after GreenFuck dropped rates unabated to then-historic lows. Originally, I thought 7000 would be bottom. Now, we could see pre-1995 levels. Perhaps see DOW 4000 again.... What disturbs me most about all this is Time. The market is falling too far, too fast. Global bleed might stop in 2 to 3 years time, That gives the Market, conservatively, 18 months before it prices in a recovery and finds support. So we've got at least 18 months of decline before the Market finds a bottom and we're dropping 500 points a day, consistent. What I anticipate is a blow-out to some crazy level like, 6K or below. Total panic selling and all the 401K'ers get fucked. Then the Global Financial Criminals will run M3 into the stratosphere. Every Central Bank will print gobs of money to "Save the Markets". Markets are buoyed. But inflation goes retarded - maybe 50% a year.
so cyclically where are we stocks wise? what should be bought? defensive stocks? commodities down short term profits will be up on food stuffs??? energy stocks??? which ones???
28 companies gone, 2 stay for basic needs, MCDONALDS and AT&T for eating and for calling your relatives.
Good support 3600 crude to 40 or lower When Sam Walton was alive, 98% of the goods in Walmart were USA made and now? We have only started to fall, long way to go, companies will start laying off even more. If you think mortgage woes bad, watch when most can't pay credit cards and car loans. We are only beginning.
Don't think so. I've been saying it before and I am saying it again: The US in its present situation is no different from Nazi Germany. And the Deutschmark was once, before WWII one of the strongest currencies and later on you could not even buy a loaf of bread for 50.000 mark. Maria
Here are the train stops... 6200-6000 Next stop... 4200-3900, past this the train will CRASH at Dow 1420!!!!!!!!!!!!!!!! +/- 200 points. Load up. ( I know I didn't have to mention this part). trade well perr the