IF EVER THERE WAS A YEAR FOR A MARKET CRASH...THIS IS IT...
WELCOME TO OCTOBER...THE CRASH MONTH...
IN THE PAST THE FED SHILLS ON THE STREET COULD WHIP-SAW THE AVERAGES INTO A RALLY JUST BY PROGRAM TRADING...
BUT THIS IS A DIFFERENT TIME...AND THE OLD PROGRAM TRADES WON'T WORK ANYMORE... THERE ARE PLENTY OF TRADERS OPTING FOR THE GLOOM AND DOOM SCENARIO NOW...
THE GOLD BUGS AREN'T SCARED ANYMORE...WITH THE DOLLAR CRASHING...WEAKNESS IN GOLD IS A BUYING OPPORTUNITY...
THE SUB PRIME MESS IS ONLY THE TIP OF THE ICEBERG...IN AN AMERICAN ECONOMY THAT HAS BEEN RUNNING ON ASSET BUBBLES FOR YEARS....
THE US HAS LITTLE IN THE WAY OF PRODUCTIVE CAPACITY ANYMORE... TRUE, THE MILITARY INDUSTRIAL COMPLEX IS STILL FLUSH WITH KONGRESSIONAL PORK... BUT IT'S ALL IN US DOLLARS NOW WHICH AREN'T WORTH MUCH...
2007 WILL BE THE GREAT TRANSITION YEAR...THE YEAR THE WORLD MOVED AWAY FROM THE SICK DOLLAR...AND THE SICK POLICIES IN WASHINGTON AND ON WALL STREET....AND BACK TO A MORE PRODUCTION BASED MODEL...
IT WON'T BE EASY....BUT SURVIVING THE COMING CRASH WILL BE THE FIRST STEP TO MAKING IT OUT OF THE DISMAL CATASTROPHE THAT IS SURELY COMING....
THIS MONTH...!!
