Wednesday, April 7, 2010

Is this it?

Is this it?
Is the top here?
DOW slouched towards 11k after it screamed past 10k.
But did it hit 11,000? Or did it just come close?
The DOW is now down 98. It is selling off rather big, at least on a points basis.
What is the volume doing?
The most important hour on Wal-Street is here. Will this hour mark the final hour of this Great Sucker Rally?
The traitors on Da Street will tell you to not panic. Are they correct? The ones with real wisdom say that if you are gonna panic then you wanna be the first one to panic.
The stock market has had a heck of a run. To say it is winded would be an understatement. The fundamentals of the economy are not picking up. Rather, they are falling down again even though they have been laid flat on its back on the floor since 2008. Detroit is a city that is busted financially, economically, psychologically, morally. LA, CA aka Los Detroit, Mexifornia is in the same shape. Only moreso. Only worse so. It may run out of cash on May 5th. Yeah Cinco De Mayo in Cali! ... just don't expect anyone there to pay for it!!!
Obama Care has passed aka the Smoot-Hawley Health Care Act...
Get out of stocks.
That is my theme for the final hour on wal-street for the final hour of the global economic melt-up.
Get out now. Because you may not be able to get out later.
Get out now. Because it is about to get fun again.
Get out now. Because if you cash out of your brokerage account, they are gonna send you a check in a few days and you wanna go to the bank and get cash before all the others get to their money before you get to yours.
Get out now. Because even if stocks rally your core holding in gold will rally too, as will your core holding in silver. Your core holding in fiat metals will also hold up nicely!
Get out now. Because the longer the US dollar index stays above 80 the more ominous it will be for stocks. A dollar index above the 83 level will indicate that a sharp, sucker rally in the dollar is here and will have its sights set on 90-100.
Get out now. Because people SELL stocks to pay their taxes. They don't buy them.
Get out now. Find a hobby. Open a bidness on the innerrnetts.
Get out now. Kiss the Money Matrix good bye.







da bear

2 comments:

  1. Thank you for starting your own blog.

    ReplyDelete
  2. your welcome jeffolie!

    I will try to write something every day.
    Just one long, winding, continuous rant. :)

    ReplyDelete