Amid the war crimes hype of the chattering classes this weekend, few
mentioned the horrific BOND CRASH of Friday.
Not be mention the generalized collapse of prices for income, NAZZ
small caps, and nearly everything else. The new lows list should be
interesting on Monday!
But consider:
Could we be in for a BLACK MONDAY?
Or, will the market masters grant us a little rally, just to keep
people interested. Despite the BOND CRASH ON FRIDAY!
HOW LONG WILL THE CENTRAL BANKS AND HEDGE FUNDS PUT UP WITH THESE
MASSIVE LOSSES?
Well, my hunch is that we are getting very close to a serious market
break!
The 10 year bond is headed up BIG TIME, probably to 7%, before the
end of this year.
THAT MEANS THAT THE DOW, WHICH HAS BEEN STRUGGLING OF LATE, COULD BE
GOING BACK TO PRE-RALLY LEVELS.
And there is MASSIVE market manipulation going on. Gold is plunging
wildly on the "inflation news." And, oil is only up, up and up!
HOW MUCH DAMAGE WAS DONE TO CENTRAL BANKS AND HEDGE FUNDS BY THE BIG
BOND PLUNGE ON FRIDAY?
WELL, AS EXPECTED, THE USUAL SUSPECTS WILL PROBABLY SAY: WHAT BOND
CRASH!
BUT IF THE MARKET MASTERS GIVE US A RALLY? I'LL BE SELLING INTO IT
LIKE THERE IS NO TOMORROW!
AND, IF THEY DON'T?
COULD BLACK MONDAY LOOM? STRANGER THINGS HAVE HAPPEN.......
Yet;
The market masters also like to have little "distribution days" after
these big plunges.
Here, the market will go nowhere fast. Basically, plus or minus 10
points for the day. I do not see these distribution days as a
positive. They are merely, a set up for further declines, after the
market masters' "inventory" has been bought up, by the "suckers!"
SELL ALL RALLIES!! 100% CASH IS THE WAY TO GO!!
(Or, perhaps just a little bit of gold, oil and gas held ON SPEC!)
Postscript: Re: Rummy's profuse apologia on Friday?
Does "worse to come" mean that the Israeli Intelligence Forces were
ALSO INVOLVED in the Iraq Horrors? Hmmmm......?
Wouldn't that just "take the cake!" I mean the Israeli's have
the "Arabic speakers," AND THE "EXPERIENCE" that the US lacks.
Furthermore, ask yourself, WHERE'S WOLFIE LATELY? The cat must have HIS tongue! Ya think?
Very strange, very strange indeed.........more later. Much more!
