Too Many Bulls in Stocks and Metals, Pride Before a Fall?
Question: Not a single bearish analyst to be found, all calling for a market spike of 30-40%, a bottom in housing within the next week, all see stox and PMs making huge gains.
The world economy sits on the edge of a cliff, just coming off a ‘crash’ year, fundies are horrid & yet the greed machine has ‘investors’ bullish.
If i hear another stock tout in a $5,000 suit crow about buying for the ‘long haul’, of how to diversify . . . while empty headed “reporters” on CNBC nod heads in ageement . . . i will shit.
IMHO i see a giant correction in PM’s, prob to the extreme downside–just because the majority (led by J J ) are always wrong. I see Dow 2864 dead ahead and $455 Gold by May.
Everyone is blind to huge debt, low wages/productivity, a rooke Prez mired in 2 wars, a thousand bail outs and counting and a mistrust internationally of anything that combines the words America & Debt/Finance.
I get a real bad feeling that something big and bad is just around the corner. . . or hiding under wall street’s bed.
Answer: Your so negative… hahah Step right up and take yer shot at the brass ring.. step right on up and bend the fu*k over.. It just stands to reason that credit card debt is next.. Auto loans..Student loans..on and on and on… Greed is what fu*ked the pooch. It’s still there too.. gobbling up the tarp money.. No rules tarp money. The stock market in America certainly didn’t fall as far as it should have in 2008. The market should’ve fallen 20 to 30 percent in 2007 but was manipulated upward the whole year. The top of the market should’ve been some value less than 10,000 on the DJIA as the top not a value of slightly more than 14,000. I always look at it that way when i figure what the market should fall to. It should fall to 5,800 on the DJIA in 2009. didn’t you hear? the left wing press got their man in by scaring everyone…now we get to hear all the “honey and roses” news from the lefties…hahhahahaha
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