Epic American BULLS versus BEARS battle: Friday
This coming Friday is it! Not capitulation day... Not Market meltdown to DOW 5000 day. No.
This Friday is going to be highly interesting as all the negative news there is to report on the economy will provide tremendous downward momentum for BEARS to make a run for DOW 5000..
The BEARS plans are for DOW 4000 folks. They seek to eliminate the Banks the FEDs refuse to eliminate. They want to remove the insurers like AIG that the FEDs refuse to remove. And they doing it by force with economic turmoil as their calling card.
But on FRIDAY.... FEAR converts into a combination Bargain Hunting + Valuation BULL rally.
The Health Care Sector is going to do a Sector wide Short Squeeze out of the funk.
The Financials will be all over the place...
Wallstreet will walk into the opening dazed and confused and walk out with great clarity about the future of America's stock market. Cause... If we drop to DOW 5,000.... heck... If we break DOW 6250....Then there's no doubt we are in a Great Depression. And all talk of "Great Recession" will cease.
But if the BULLs win and push us back to DOW 7,000 on Friday... Then there is still a chance for the market to turn at the end of this year or beginning of next year.
The cards are set on the table...
And the Dice is about to roll...
Washington Congressman are about to do battle against Pres. Obama's Budget Disaster....
Whichever way the pendulum swings will dictate the fate of the economy.
Will America's restaurants continue to look like England, serving you tons of SALAD and SOUP and hardly any Chicken meat? When you order a steak... Will it fill up the plate or your eyeball?
More noodles than meat? or more meat than noodles in a stir fry?
All will be revealed as America and Congress do battle against the forces of evil.
Oh and this may not be Alstrynomics but I am willing to bet ALSTRY can agree with me here.
Friday = DOW 6250 (or less) or DOW 7000 or more