THE OPERATIVE NOTION FOR THE RECENT RALLY BEING "REAL"...WAS THAT ALL THE SHORTS COVERED ON THE FIRST 300 POINT DAY...
AND THEN THE 3 POINT DAY WAS DISTRIBUTION...
AND TODAY...WHAT...? ANOTHER SHORT SQUEEZE ON VERY VERY VERY OVER SOLD CONDITIONS...
THE IDEA THAT ALL THE SHORTS COULD...OR WOULD...COVER ON THE FIRST RALLY DAY...IS JUST NOT CREDIBLE...EVEN IN A NORMAL BEAR MARKET...WHICH THIS IS NOT...
SO JUST AS TREES DONT' GROW TO THE SKY...SO TOO, CRASHES...NEED TO TAKE A BREAK TOO...
LIKELY THE NOTION OF A "TRADING RANGE" WILL COME BACK...AND THE HEAD LONG PLUNGE INTO OBAMA HELL BE DROPPED FOR A WHILE...
THIS WILL NOT STOP THE CONSERVATIVES ON FOX AND CNBC FROM TALKING DOWN THEIR BOOK...BUT THAT'S OK...
SELF FLAGELLATION IS GOOD FOR THE SOUL... JUST ASK ANY MONK...
RALLY ON... DAYTRADE IT IF YOU CAN...BUT BE PREPARED FOR PLENTY OF DOWN SIDE TO COME...
THE FUNDAMENTAL PROBLEMS HAVE NOT EVEN STARTED TO BE SOLVED...
THERE IS TALK ABOUT SOLVING PROBLEMS... MASSIVE PROBLEMS...
BUT WE ARE ONLY AT THE TIP OF THE ICEBERG... THERE ARE DEBTS AND TOXIC ASSETS OUT THERE THAT NO ONE EVEN KNOWS ABOUT...
BEAR MARKET RALLY ON...!!
