A dire warning - Stock will go way down the march low

thenexteconomy.blogspot.com ^ | 8/17/09

[Kartographer]

Britain's Uber-bear is growling again. After predicting a torrid "relief rally" over the early summer, Bob Janjuah at Royal Bank of Scotland is advising clients to take profits in global equity and commodity markets and prepare for another storm as winter nears.

"We are now in the middle of a parabolic spike up," he said in his latest confidential note to clients.

[Kartographer]

Buckle-up it looks to be a bumpy ride from here!

[Drango]

Are you personally selling short?

[Kartographer]

I wouldn’t enter the market it now, I do better buying scatch-off lottery tickets.

[Drango]

So you believe the article is nonsense?

[Kartographer]

I believe that the fix is in on the market and that it is presently being prompted up and manipulated by a mix of the Fed, the government, and various banks and investment concerns.

[Drango]

OH...so you DON’T believe the market is going down...due to whatever?

[elizabethgrace]

The US Banking Crisis Is Just Beginning:
http://seekingalpha.com/article/156275-the-u-s-banking-crisis-is-just-beginning

[Kartographer]

I believe you can only keep somebody on life support so long, and in this economy its the Fed keeping the patient alive with huge infusions of money and soon or later there won’t be anything left to transfuse the ‘patient’ with.

[Drango]

That’s nice. Do you believe the market is going up or down in the next 30 days?

[Kartographer]

Yes I think it's very nice, in fact I think it would work as sprinkles on top of ice cream cones or maybe I cab get unicorns and fairies to fly over the countryside sprinkling it on the down trodden and thus bring about a era of peace and prosperity for all, but then I've had two Sam Adams and a shot of Jack so right now I believe Catherine Zeta-Jones will be knocking at my front door any moment now.
"Just because you're paranoid doesn't mean that there isn't an invisible demon about to eat your face." Butcher - Storm Front (Book 1 of the Dresden Files)

[April Lexington]

I believe you can only keep somebody on life support so long, and in this economy its the Fed keeping the patient alive with huge infusions of money and soon or later there won’t be anything left to transfuse the ‘patient’ with.

Reminds me of that movie where those guys keep propping up their dead friend so everyone thinks he's still alive for the weekend... At some point, the curtain goes up, the little boy announces the nakedness of the emperor and the people find out the buddy is dead...Better sell tomorrow so the market keeps going up...

[April Lexington]

FreepMail me if she brings Jessica Simpson with her! I'll be right over!

[April Lexington]

That’s nice. Do you believe the market is going up or down in the next 30 days?

Yes. I do believe that.

[Drango]

Excellent. How much are you selling short?

[Cold Heat]

I sold out a couple weeks ago. Missed a little upside, but I could not tolerate what is to come.

We will have no recovery until the political battle against culture, business, and common sense reverses course.

We should test the march lows....May blow through it.

[Drango]

You KNOW the market is going down? But your not selling short? Why?

[agere_contra]

Don’t know about the other guys but I have about 60K in ultrashorts.

I believe (and of course hope, now that I’ve bet 60K on it!) that the SP 500 will go down to at least 850.

[Prophet in the wilderness]

Yes

[April Lexington]

Excellent. How much are you selling short?

Much... I hope I'm right!

[Cold Heat]

I did short it in the 2nd qtr from time to time using ETF,s.

Right now, the market makes no sense. It is totally illogical and I am avoiding it entirely.

If you short this puppy on any particular day, you are taking far too much risk. When this happens, it is just as risky to be long!

I won't re-enter until this goofy condition blows away. It is happening because of the government interferences, and I don't think they will be successful in their parlor game. Like Bush said during the first days of the crash, "This puppy is goin down".

When it begins it's re-test, I will get back in on the short side, but it is not yet the time. It's not the time to be long either. It's not the time for the commodities and it's not the time for bonds.

My advice is for myself, and I advised myself to protect my capital and pay any debt. I want to be debt free and totally liquid as we enter this abyss that I see on the horizon. This will make it easier to accept risk.

This market should have gone down or stagnated over the summer. It did not.

It should be up in the fall as Xmas products are stocked, and I suspect this will not occur.

When this becomes clear, the markets will retest the lows that it failed to retest earlier.