The markets have been performing as predicted on this page....a mix of happy talk and gloom with a slow, (so far) downward trend.
Basically, every "rally" is a selling opportunity that should not be ignored. Rates are going up and going up substantially, no matter what the Bank of China does!
The house bubble will burst before the end of this year. And jobs will be punk or even down as the year progresses....where's the beef? It's just not there....except in the spin of the pundits and shills.
HAPPY TALK WILL NOT SAVE THIS MARKET......THE NUMBERS WILL OUT EVENTUALLY.
ONCE DOW 10,000 IS BREACHED THIS TIME IT COULD BE 5 YEARS OR MORE BEFORE IT'S RE-VISITED. WHY?
BECAUSE BY THEN THE G-MAN WILL HAVE TO HOLD RATES HIGH FOR A PROLONGED PERIOD TO DETOX THE ECONOMY FROM THE HYPER=LIQUIDITY EXPERIMENT THAT HAS NOW ENDED BADLY....AT THE GAS PUMP!
