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!!!
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
Thursday, September 20, 2007
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