Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Thursday, September 20, 2007

1990 recession

Your going to have to click on the above chart.. sorry.
Here is the theory...see the second bump there, on the left. It is the 1990 fed rate cut that started the series of rate cuts from 2001-2003 when we took the rates from 6.5% to 1%. If you notice we trade down after the rate cut to below where it started. Then we trade to a new high... After this... Reality of the recession will set into the market.
also noted gold goes from $260-370 roughly. This is the 2000 recession. We are looking at something in my opinion more like 1974. BRING BACK THE BELLBOTTOMS!!!!

Also remember Re: history repeating itself Bush was in office and a war with iraq...... SUPER CREEPY!!!

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