And The Alibi Is ... Dubai.
In an earlier post I wrote reporting Prechter's move to 200% Short, also including a very vain attempt at 'guessing the alibi'. This is one of my favorite market pastimes, so naturally I wanted to share the experience with my friends here at CAPS. I am pleased to report that we were all wrong in our guesses at the Alibi, but all exactly correct on our predicted outcomes. It turns out the Alibi is ..... (drum roll, and hushed wisper, as if the moderator on 'Password') ..... Dubai.
The English language is a supple gown and not only do the words Alibi and Dubai appear to be pronouced somewhat the same, the English phonetic meaning being the absolutely perfect choice of words, just the day before Black Friday, as if to suggest or imply....yes, by all means "do buy" on Black Friday; as our economy which produces nothing and consumes everything isn't really set up for anything else. It is the full metal jacket approach and Encouragement which further undermines our efforts to emerge from that hideous strength, that is "Our Egghead Depression".
An old friend of mine, who was on the Management Team at Nat West some years ago quipped smartly to me one day, "Just because you're paranoid, doesn't mean that they're not out to get you." Most wise words indeed. Touche'. We've been stumped into correct analysis with the utterance of a single word....Dubai.
Here's the links: