ST bearish

The bill will need to be voted on. Before they spend $700B on a bailout for the rich, there will be at least a token debate which will get the bears salivating. But like Benny who's been championing a balanced budget for a while and finally capitulated to one of the biggest bailouts in history, the house will vote yes so that they are not responsible for threats of the Great Depression 2. Who would? Well a few loud mouths will. So do not be surprised when the bears proclaim sucker rally and sell short by whatever means they left open. And to let those who were crapping ten ton bricks to get out of the market at a discount with this mark up. But my guess is that sometime this week, we finish wave 2 down and start a gigantic sucker rally that will make us all believers to SPX 1350 to 1400. I still prefer 1400 or higher btw. That's my final forecast and I'm sticking to it

My alternate theory along with Oct 3-9 crash window is there is dissention,
and another crash puts them on their knees and gets it passed. Just throttle
the naked short selling as needed.

The bill will need to be voted on. Before they spend $700B on a bailout for the rich, there will be at least a token debate which will get the bears salivating.

But like Benny who's been championing a balanced budget for a while and finally capitulated to one of the biggest bailouts in history, the house will vote yes so that they are not responsible for threats of the Great Depression 2. Who would? Well a few loud mouths will.

So do not be surprised when the bears proclaim sucker rally and sell short by whatever means they left open. And to let those who were crapping ten ton bricks to get out of the market at a discount with this mark up.

But my guess is that sometime this week, we finish wave 2 down and start a gigantic sucker rally that will make us all believers to SPX 1350 to 1400. I still prefer 1400 or higher btw. That's my final forecast and I'm sticking to it

Edited by AChartist, 20 September 2008 - 09:09 PM.

Meanwhile it's getting sold on TV, taxpayes will make money on the deal when real estate goes back up, stock market problem is all clear now, all that, might pop a bit Monday cause they believe anything.