Use access key #2 to skip to page content.

Varchild2008 (84.50)

October 10th, 7800 DOW Intraday = NOT THE BOTTOM

Recs

4

November 06, 2008 – Comments (8) | RELATED TICKERS: DNA , HAL , CEL

Folks... If the Stock Market doesn't go into extreme Panic Mode tomorrow or next week or sometime soon.. and Believe me... A drop of nearly 1,000 points is ridiculously small.

The writing on the wall is clear....  Even a bailout of the Auto Industry isn't going to rescue the tens of thousands of jobs in jeopardy at GM, Chrysler, and Ford.   We have a Democrat Control of everything and none of those guys have any intelligence at all to them.  They basically think like Jim Cramer.... "Throw money at the problem and it will get rid of the Great Depression!! Great Depression off the table!!"

Hip hip horray for bailout money!

Here's what you should come to realize and think clearly about asking yourself...


A)  If DOW 7800 is somehow the bottom.... Then shouldn't

         1)  October be the bottom of the Auto Industry?   . . . . Do you think it will be?

         2)  October be the bottom of the Retail Industry?   . . . . .  Seriously, did you think it is?

        3)  October....the bottom of the price of a Barrel of Oil. ..of Comodities in general?  really?

      
If you say, NO to all 3... Then you are correct.  There is no way OCTOBER is some kind of bottom to anything here.  Virtually all stocks in the stock market are now slowly marching their way back down to their 52-week lows.  They will this time surpass those lows and head into a jaw dropping territory never before seen in the entirety of the Stock Market...to include the Great Depression.

We are basically headed into a Mind Blowing, Mass Confusion, level where nothing makes any sense other than the safest of the safe stocks (and those will get hammered).


The *&^% is about to hit the fan and it could be Tomorrow or it Monday of next week.

But, when you read about THOUSANDS of retail store closings, thousands of layoffs, 90+% drops in revenue in several companies reporting Q3 earnings....  Then you are faced with deciding about how low the market can go.  And unfortunately, the market is ready to go and touch....

6,000 DOW  and beyond.   I think 5000 DOW is now in the works and I think we will be stuck in the mud for 12 months between 5,000 DOW and 6,000 DOW.

So ultimately... the Democratic Party... the most worthless, untrustworthy, horrible political party in existence that thinks we can crank out money like nothing to bail out sector after sector of America's economy....

They are going to be faced with the worst economy America has ever known and good luck with that Liberals... You deserve nothing better than to deal with the worst economy America has ever known.

I hope the LIBERALS out there enjoy it.

For us Stock Market Investors.... We will have to bail out now out of anything left in our portfolios that isn't recession proof.

That means that I am liquidating out of AMAT (Applied Materials) if they report a bad earnings report and I'll just keep the cash on the sidelines.

Everyone's portfolios should now be based on a Dividend Strategy along with a Recession Proof strategy. Beverage companies aren't even recession proof but they won't get hit as hard as others will... Healthcare companies....like Biotech...are good possibilities right now.












8 Comments – Post Your Own

#1) On November 06, 2008 at 6:32 PM, columbia1 wrote:

Yesterday, Direxion ETF's started a new fund, TNA bull 3X, and TZA bear 3X, trading the Russell 1000 small cap. TZA would be a good pick under your scenario.

Report this comment
#2) On November 06, 2008 at 6:47 PM, Varchild2008 (84.50) wrote:

Thanks! I'll check it out.. I guess it's probably one of them ultra short ETFs...I'm guessing.

Report this comment
#3) On November 06, 2008 at 7:23 PM, chk999 (99.97) wrote:

Historically the market has bottomed about 6 months before the economy does.

Report this comment
#4) On November 06, 2008 at 8:32 PM, Ph1sh55 (28.59) wrote:

good post other than uncessarily crapping it up with your "liberals!@! democrats!@ HURRR" outbursts

Report this comment
#5) On November 06, 2008 at 8:37 PM, johnw106 (63.03) wrote:

This has to be one of the best short sighted ramblings of a right wing nut I have ever read.

Do you see what you just wrote? The economic mess was created and shepered into what we have today by Republicans and you are blaming the Democrats and saying they deserve the mess? And that the Democrats will make it worse?

People like you make me ashamed to admit I am a Republican. Looks like its time to switch partys and become a conservetive Democrat. Long live the Center!!

Report this comment
#6) On November 06, 2008 at 8:39 PM, TheBubbleBoy (< 20) wrote:

You capitalize Random Words.  October was the bottom.

Report this comment
#7) On November 06, 2008 at 9:14 PM, MattAllison (90.21) wrote:

"Historically the market has bottomed about 6 months before the economy does."

That would suggest that the economy will bottom next May. I don't see how the economy can begin to improve as soon as May.

 

Report this comment
#8) On November 07, 2008 at 1:29 AM, Jhana9 (22.41) wrote:

We do enjoy it Var. We enjoy that the Republicans proved once more, that they cannot run an economy. Not at all. Not even to save their own sorry butts. Utterly pathetic.

True, we would have preferred to take control of a country that hasn't been almost totally trashed, but since this dried out, empty husk is all that was left, I guess we'll take that.

The beauty of it: even people earning over $200K per year voted liberal. Awesome, isn't it? We even got the wealthiest earners....many investors....to ask us to take charge. Your guys are so incompetent that they ask US to take charge for them. Well, you know what they say, "When put in charge, take charge".

So, we're taking charge. You can whine. You can complain. You can blame Bill Clinton. You can be afraid. You cry for us in 1,000 blogs, and we're STILL going to take charge, because America took a look at the best the Republicans could put up for election, and said, "No, we want the inexperienced liberal instead".

Now, knuckle down and get back to whining for us some more. 

 

 

Report this comment

Featured Broker Partners


Advertisement