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Going to be a SMACKTACULAR month for bears !


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#1 nimblebear

nimblebear

    Welcome to the Dark Side !

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Posted 02 September 2011 - 04:42 PM

HooRAH ! In spades. :devil: + Hedgefunds have been slaughtered, and will be selling much more en masse. + Charts of individual stocks, 1000's of them, all scream SHORT ME ! + Bernie has been totally neutered by CONgress' incompetency. Impossible for him to do anymore QE, but markets haven't figured that out yet. (though they are counting on it massively so, which is the ONLY thing that's held this together this long.) + Euro Zone totally imploding, as evidenced by Greece interest rates on 2 year bonds now in loan shark category. Italy, and others to follow rather soon. Germany will have no choice but to abandon them all, unless they wish to be sucked down the vortex. + Banks worldwide, mostly insolvent by any standard, measure, or means testing. + Debt worldwide beyond crushing. + Gold barely just getting started on its zoom to infinity. Silver even moreso, as every currency is debasing including the last so called stalwart to fold, the swiss franc. + Companies been cash hoarding for the onslaught for past 2 years, will now begin slashing more labor. the zero you saw today was really a negative print they weren't willing to show. More like -100,000 jobs than 0. All of them have been trying to reduce their debt costs. Many way overleveraged, except for the very very very few like an Apple. + Over capacity in china is resulting in major labor backlash, and riots will ensure with vigor for demands of higher wages this fall. + Even Brazil mega growth prone is in trouble and is begging to slash rates, rather than increase them to stave off so called inflation. + Campaign season has begun in earnest so that means NOTHING will get done before 2013 at the earliest, and if you think Potus hasn't done much thus far, wait until you see how little he does (other than more damage) as he kicks his campaigning into gear. +Tax rev's are falling off the map at a precipitous decline as more workers become unemployed, and the ones who are, are seeing fewer hours. All the signs have been there for months, whether its the ISM, COnsumer confidence, Empire Index, any of them. Whatever recovery you thought was there, was illusional at best, so now the real downdraft kicks back in without any aid of QE. Don't kid yourself. The US cannot take on more debt, and they can't devalue the dollar fast enough, since other foreign countries currencies in same sinking ship. + If bonds haven't given you the message,and rapped you over the head, then nothing i say above will. They just exceeded the worst levels of 08. +
OTIS.