No replies to this topic

[nimblebear]

Bulls are way too excited here given all the bad news they feel relieved the market didnt end down more than 300 on the dow. Bear flag is forming right now, and the next drop is going to be a doozy. Easy to 1100 on snp, then pop higher, but before long we'll be plumbing 1050, and lower. Thats shorter term. IT the picture is beyond grim. Youll be looking at march 09 lows well before 2012 is out. nobody is expecting this, and many are calling a bottom based upon a whole of technicals, massive stimulus, prez elections coming, and euro begginning massive qe of their own, of course funneled to them via bernanke, courtesy of you, your children, grand children, and great grand children who will no doubt be taxpayers shackled to this US titanic running into all sorts of icebergs. That the 10 year broke to all time lows is not signaling economic expansion - in fact as it goes even lower, we're staring right in the face of a full on depression brought about by more than 1000 banks in the us alone still in massive trouble from 08, and further thousands of european banks exposed even more to greece's all but guaranteed default, italys, spains, portugals, and so on. They'd need $10 trillion to cover the blood letting in those piigs alone, not to mention all the derivatives imploding as we speak. Not your garden variety worldwide depression here folks. But wtf do i know ? Im just an honest observer, who refuses to wear those pollyanna spec's people like our msm, and potus have on.