Could this rally be a classic 2b

Discussion in 'Strategy Development' started by stocon, Mar 25, 2007.

  1. stocon

    stocon

    Could we be heading for a trader vic 2b top? It would allow the beautiful people to get out that missed the china door. Is it possible that last week's action was a facade? Any indicators that the bounce was semi dead one?? Thoughts? I smell a rat especially now that this sub prime thing is officially over according to the news.
     
  2. Just the beginning. The recent sub prime debacle shock of finding out that lenders actually gave money to people without checking incomes or even social security numbers, will pale in comparison to the revelations to
    be coming out of Fannie Mae, Freddie Mac, Student Loans, Small Business Administration loans, and of course
    the massive fraud of Medicare and Social Security. When one of the largest banks in the world- Bank of
    America, says they are banking with illegal aliens, who by definition have no legal identification or tax paying
    status, then you know the magnitude of the problem.