Those "TRILLIONS" in assets were artificially created by a spending bubble that was fuelled by home equity lines and credit cards. On the corporate side this mess was piled on by massive over-leverage. This thing HAD to come crashing down regardless of which socialist/quasi-socialist was in office.
I've been a vocal bear for 14 months... this is the most bullish I've been in years. Damn... forced liquidation low volume crash... you will NEVER get another chance like this. I guarantee it.
BAM!!!!!!!!!!!!!!!!!! Nailed that mother fucker. That's how you do it kid!!! Gonna get that election rally baby!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I'll leave it here and we'll see One hell of a rally off the lows (what was it, 500 points or something?) Now if you'll excuse me, I need more lube for that ass reaming the market gave me.
I would not be surprised if the dow retested 14,000 next year those 3-8% daily losses can easily be regained in weeks when optimism returns and more shorts are forced to cover.
Ha ha!!! Thats right you're the one who puts all my calls in chit chat!!! Go back and look at all my calls... I think every one of them were right!!!
This should go into chit chat as well, so zip it. It's just that in light of the massive mania on the market, it would be interesting if you call this one right. If other users complain, I'll put it in chit chat.
Dude... you need to shut your mouth... or at least don't post on my threads. You have no clue whats going on. This is a short term bottom for that false hope election time rally. So the rebups can feel like they have a chance to win. Better sell out before those results come back in November and Obama becomes king of the land.