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AdirondackFund (< 20)

February 2010

Recs

12

This IS the Top: The Sequel

February 12, 2010 – Comments (17) | RELATED TICKERS: DOW , DNDNQ

Tomorrow markets will again begin a new crash, only this time there will be no long drawn out reflex rally as we saw from the March '08 lows.  This one is going to be the famed 'throwing in the towel crash' of legend and will be absolutely brutal.  I have no idea what the alibi will be this time, but I am sure our imaginative Press Corps. will come up with something, or perhaps more to the point events in the world are going to come to a head very quickly.  There is even the possibility of a major nuclear strike against Iran as a result of their continued badgering of the ciivilized world since declaring their Revolution and taking American Hostages in 1979.  Already money managers are closing deals on obtaining cash loans, some of which will be repaid quickly.  This is the famed 'run to the phone bank' that occurs on the floor of the NYSE and is opined of seriously by the legendary speculator Jesse Livermore in his book 'Reminisences of a Stock Market Operator'.  I've done these we will crash posts before and naturally the Bulls will always chime in with their opinions and controversies, but please use your good sense and ignore them.  'Forgive them Lord, for they know not what they do."  Here's the link on the last crash call, you be the judge.  I'm just trying to push the poor boy on the bike out of the way of a Bus the moment before he gets hit.  Nemaste'  [more]

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