I am not too surprised that Kudlow was bullish in the bubble. Kudlow on on Kudlow and Company was praising google when it peaked at $747 in Ootober. He said something like "And Google... new highs!!" that certainly didn't last, and I regret not seeing the top either.
Thank god im in the OIL business. Nothing but upside and more upside. Market crash will bring more upside and a flight to quality will overflow. More drilling deals will get solid, more long futures, more calls. Watch your Oil qoutes fella's. When the Super Spike comes, Kiss your asses goodbye if you long anything but Gold, Oil and a few other key commods. This is not going to cause a depression. The "Moves Down" in the SP and INDU will shock the shit out of those left long, will destroy the "401K" racket, will plunge the middle class into poverty and will send 100,000s of "Bankers", "Brokers" and Telers to the unemployment lines. It will be fast and furious. Yet, it will rebound just as fast and many willl miss it.
i have a feeling if we wait this out patiently with cash waiting on the side this will be an opportunity of a lifetime to go long and make some big $$, look at historical charts happens once every 20-30 years. just, wait for it to recover, don't get fooled by a bear market rally as we have seen the last two months, possibly put your money in gold?? GLD or gold mining stock like NEM or ABX. good luck everyone
Look - none of this information is new to any of the 'smart money'. The main question is why aren't we lower already? Massive writeoffs, massive cash infusions, its been done. Why aren't we lower? The answer to that question holds the key to the next move. I am at least honest enough with myself to know that I don't have a strong view at the moment. Cash and a partial hedge with the requisite commodities.
some things you might want to factor into your thinking. the link is one that someone else here suggested i search for and watch. it is about 3 1/2 hours long. i found it very interesting http://video.google.com/videoplay?d...=The+money+changers&ei=Zd4QSMjvB47YqAKQtJmzBA attached is a pdf of some info that you should look at of images i have that i studied.
i think we haven't gone lower because of the actions of the fed which have sent the dollar down the shitter and NOW they have limited options going forward. People are beginning to realize this ever since Ben's last few talks. every action has a greater or equal reaction.
For the millionth time, MARKETS DON'T CRASH ON BAD NEWS!!! Has anyone on this entire message board studied history? Do you guys actually know what causes a crash? Or better question, does anyone on this thread actually trade for a living? Don't answer that.
.."For the millionth time, MARKETS DON'T CRASH ON BAD NEWS!!!".. Thats bull and you know it. 1) What was the good news in Oct 1987 ? 2) What was the good news when Aisa markets tanked during Asian debt mess. I could go on and on...