1 reply to this topic

[nimblebear]

This is a great time to simply be still. No comments are needed, no second guessing, not top picking, no derisions on those that may be "bulls."

Stillness will prevail.

Let the storms pass through, but know that they are storms, and that storms are something that are brief and turbulent, but never last.



NB

P.S. Think about the bondholders and those who are supposedly "volunteering" for "just" a 50% haircut. It won't be ending at 50%, it won't be ending at Greece, the holders of that debt aren't only who you think they are. When a guy like Faber says to prefer stocks over bonds for the next 10 years, its NOT b/c stocks are going to do "well." Everything is relative. Not one person on the planet is anticipating what can happen to bond and debt holders, bc until now they've been backed by fiat. Certain bond holders in 2008 got creamed, and that was a walk in the park compared to what's coming, and how widespread and deep it will be. Today was literally the turning point. There is no going back. The situation is unsalvageable, and its going to hit the US far harder than the EU.

[AChartist]

Just a repeat of 1998 but much faster. NYSE adv dec line topped directly in 1998 and everyone got wiped out, time is about 1 month per one year now, it would pass very fast. The daily is extemely extended above it's declining trend, 100-150 SP points above mean. The lone monthly bounce cycle is moving left toward Feb top, a good correction in Nov could shift it right again, it is a lone counter trend bounce in the monthly, lights out after. Bears might have to wait until Feb-Mar but Nov could still be quite a drop. It's hard to say how interaction of a 9T off balance sheet print and cycles go, they both will probably happen becasue they are there, the 9T happened first, Nov drop can still happen but remember lone monthly bounce cycle about Feb or a little later. It's like a repeat of 1998 only different this time because Nov may be quite bad still. The post Feb decline has to happen to replace the president even if the cycles didn't say next year was a disaster. Next year is lights out. Not that a president matter they are all so far down the pay grid they are useless, this one is a problem for banksters. The next thing is they can't run any more wars if their paper is not accepted.