Is tomorrow a black Friday?

I'm going to beat you with a trout.

 

Hang Seng down 900 points - YM down 365 right now.

Let's get ready boys to hold their hands on the way down. Pleeease break the dow limit down today.

Oh pretty please give this honey bear his dip.

 

I understand you're looking to make a buck, but a lot of folks are getting hurt out there.

Like the gold bugs praying for a nuke to go off somewhere so their gold can skyrocket. Nevermind the destruction.

 

But honestly, this is a new economy so capital preservation is the name of the game now - and to me capital preservation means shorting to high hell to protect myself from the comming storm.

Make money now, protect yourself, protect those you care about - if this market really does crash, things could get really nasty.

CNBC is still giving buy recommendations every day - we just need 3 consecutive wide range candles DOWN where all these guys who tried to buy in this pause congestion right now are going to get fleeced hard.

Think of all the people who are trying to call the bottom right now - if they are wrong....LOOK OUT

 

Everything you say makes perfect sense to me. Three big crash days brings us to what? 5500 on the Dow? I cannot imagine the carnage.

 

Strap on your helmet.... Overnight futures look to test the lows at 840ish..... Now at 852. This ride will not stop.... buckle up and ride the bear.

Trade well.

 

DOW 5000 is a real target.

Could go lower.

Fundamental valuations are way off mark.

Think about that for a moment.

At 5% YOY Corporate Growth, fair value for DOW would be 5 to 6K since 1994.

Everything is totally overvalued.

Its asset inflation.

And with money inflation, comes spectacular de-leveraging, where the propped values simply collapse.

 

They did that a couple weeks ago and the market still tanked after only an hour.

 

Exactly, that's what I was thinking - 5K handle. Myabe even lower.

But, we may get a bull trap rally before then - it's highly possible. Notice how we've been bouncing kind of on the low intra-day...nobody knows - will it bounce then follow through to a rally - OR is it testing it over and over then it finally breaks through.

If we do get a rally here - it could be substantial to end the yr slightly higher - but this doesn't suddenly signal the end of a bear market in my opinion.

 

Paulson, Ben we need another Sunday bailout. The Dow should be 4000 points higher. No reason for it to be this low. No good reason at all.