..... I know I'm forecasting some extremely bullish movement in the market.... I just want to say that I'm still very bearish on the economy. I just think the stars have aligned for a move up. Short interest is being pushed out.
With the ideas of a new Mark to myth accounting, the fed bailing out anyone who needs it assuming you aren't a citizen of the United states, or the USDollar. Inflation does take stocks higher. The rest of the world is weakening, The Bulls being on their asses for 6 months. A good denial rally seems in the cards.
It will take some time for the 120 IQ, Investors and traders to realize that though the "Recession is Shallow" (yes, I said that) but it is part of the "Stagflation model", a good pop till earnings start...
maybe as earnings start, and F P/E is revised downward, we will See some downward momentum.
or we go down from here.
Stagflation is worse than recession. it is going to take some time to settle in.
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, April 3, 2008
Bearish
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