I don't know about anyone else.
But I've noticed that we have Repeated, Exactly the same MEME/Emotional Repeat of the July 15 bottom. I don't know if "Paulson has a Bail out." or if that rumor is just an emotional repeat from Then. I can't help but notice that Today was exactly the same as that Tuesday, Only things went to a Higher low.
- "oil had been spiking, and we were worried about everything, including us descending into "mad Max". Burried in a bunker... Etc.
- For the last week it's been the same thing "fanny and Freddy are poorly capitalized, the everyone is getting wiped out."... Only we assume that paulson will bail out the debt holders, and the Equity holders are on their own, up a creek without a paddle."
- Then Oil Breaks.... Because there was no demand besides the sudden spike in specualtive demand.
- there is absolute disbelief in the rally in banks.
- Next there is a call about "short covering rally."
- Then Banks will move to euphoria, and top out....
- and we repeat again.
I don't know about you but it looks like the SPY is going through "buy the Dip" and should hit Euphoria, Soon
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