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[fluid]

I just counted some waves on the DOW from the November low, and I see us possibly at the start of a big wave 3. Psychologically it is when the investors reach the point of realisation. The count is as follows: Wave 1: Mid November to Mid December 2012 Wave 2: Mid dec to early January Wave 3: starts like a horse at the races, character of a wave 3 Here wave 1 of the 3 is Jan to Feb Wave 2 of 3 is Feb to March Wave 3 of 3 started late Feb up to now Next we correct in a wave 2, then it is wave 3 of 3 of 3? This would project much much higher levels. Rates are rising, fed is pumping, bonds are falling, economy is recovering, currencies are being devalued, cb's all around the world are pumping paper everywhere on a daily basis, Japan is aggressively devaluing. This makes a lot of sense.

[arbman]

For the growth arguments...

http://www.businessi...ust-view-2013-3

Not much to really expect, it appears... although perhaps a cyclical growth is coming in a year...