THE STREET HAS MANAGED TO LATHER UP TEMPORARILY...ON SHORT COVERING, FED PANIC, FREAKY HEADLINES AND THE USUAL BULLSHIT FROM THE TV TOUTS...
NOW IS A PERFECT TIME TO EXIT...
REMEMBER IT'S BUY LOW...SELL HIGH...!
AND THIS IS ABOUT AS HIGH AS IT'S GOING TO GET...
THE OLD POLICY OF SECRETLY DEVALUING THE DOLLAR TO GET THE DOW "NOMINALLY" HIGHER WON'T WORK IN THIS INTENSE ENVIRONMENT... THE INFLATION MONSTER IS JUST OUTSIDE THE DOOR...WAITING TO POUNCE...AND INDEED MAY BE UNSTOPPABLE IN ANY EVENT.
THE HAPPY DAZE ON WALL STREET IS GONE...PERHAPS FOR YEARS TO COME... MAYBE IN ABOUT 20 YEARS A NEW GENERATION WILL HAVE ANOTHER "IT ALWAYS GOES UP" MARKET...?
OURS IS DONE...
LIKELY THE MARKETS WILL TRADE SIDEWAYS FOR MANY MANY YEARS TO COME...THIS WAS THE GAME PLAN IN THE 1970'S.... OF COURSE THERE WILL BE PLENTY OF FALSE DAWNS...THERE ALWAYS ARE!
BUT FOR EVERY FALSE DAWN, THERE WILL BE MONTHS IN THE PIT OF MIDNIGHT GLOOM TO PUSH PEOPLE AWAY FROM SPECULATION AS A WAY OF LIFE...AND MAKE THEM "REPENT" FOR EVER BUYING THAT "DAMN STOCK."
THE AMERICANS HAVE TO WORK OUT THEIR STRUCTURAL PROBLEMS FIRST, THEN FIGURE OUT THEIR RELATIONSHIP WITH
CHINA ...THAT'S JOB ONE...AND THAT DEBATE SHOULD BE A BULLSHIT FREE ZONE!
I MEAN WILL CHINA OWN THE AMERICAN ECONOMY...OR WILL THEY JUST SETTLE FOR A LEASE...?
THE NOTION THAT A NATION CAN CONSUME BUT NOT PRODUCE HAS TO BE TESTED...AND THE ASSHOLES IN ECONOMIC ACADEMIA HAVE TO COME UP WITH A "NEW THEORY" FOR HOW THIS WORKS...AND WHY IT'S "SUSTAINABLE."
BECAUSE SUSTAINABLE IS REALLY THE OPPOSITE OF SPECULATION...
WE HAD SPECULATION UP THE ASS FOR THE LAST 20 YEARS...GREED IS GOOD AND THE CULT OF THE CEO HAVE LEFT THE NATION AN ECONOMIC BASKET CASE DEPENDENT ON THE KINDNESS OF FOREIGNERS!
NOW IT'S TIME TO TRY SUSTAINABLE FOR A WHILE...
DUMP NOW! LET THE TOUTS BUY THIS SHIT...!
NO WONDER THEY DON'T EAT THEIR OWN COOKING!!
