THE FANTASY MARKET IS ENDING... THE REASONS WHY ARE TOO NUMEROUS TO MENTION...LETS JUST SAY 'OVERBOUGHT'...
THERE ARE FORCES AT WORK THAT WILL REVEAL THE ECONOMY TO BE STRUCTURALLY DAMAGED... BUT THAT TYPE OF REALITY WAS NOT A FACTOR IN THIS MARKET'S "NEW YEARS RALLY..."
BASICALLY...FROM JAN 1 TILL NOW...THE MARKET HAS BEEN UNWINDING ALL THE OLD "MACRO WINNERS" OF 2010... THE PROBLEM WITH THAT IS WINDING MACRO PLAYS...MEANS GOING TOTALLY CONTRARIAN...AND THIS HAS LIMITS...
THE MARKET HAS ESSENTIALLY BEEN TRADING "AS IF" IT WERE IRRATIONAL... IT HAD TO BECAUSE THAT WAS THE ONLY CURE FOR THE 2010 HYPER-RATIONAL MARKET...IE GOLD
A LOT OF PEOPLE FLED TO DOW BLUE CHIPS IN DESPERATION AFTER NEW YEARS...IF THEY DID NOT WANT TO "GO IRRATIONAL"... THE OLD WHEN IN DOUBT BUY CLOROX AND J&J...
IN 2010 ALL THE RETAIL SUCKERS WERE FLOCKING TO GOLD ...THAT HAD TO BE "ADJUSTED"...AND SOME LESSONS TAUGHT TO THE SUCKERS...
MARKETS ARE NOT RATIONAL...MARKETS ARE A GAME...AND SOMETIMES THAT GAME GOES HAYWIRE...ON PURPOSE.
THE "NEEDED" PERIOD OF IRRATIONALITY MAY BE ENDING... IF NOT NOW...THEN EVENTUALLY THIS SPRING...
AT SOME POINT THE MACRO THEORIES WILL BE WORKING AGAIN...
AND THAT MEANS ARKNOWLEDGING HOW BADLY DAMAGED THE US ZOMBIE ECONOMY REALLY IS...
