be very very afraid
posted on
Jun 24, 2008 07:58AM
The low on the dow back in January was 11,634.80 ... we are stealthily approaching that figure without much of a peep ... this is what is envisioned with a soft landing .... as we start sliding again at an accelerated pace .... which as we break through that resistance could occur rapidly ... but more likely will occur slowly ... only when the crashing begins again will the fed be out and Bush to identify another solution to this minor downturn (greater depression).
I hate to say it ... but I expect even further downturn in CSG and all other micros as a new level of panic arises and those who are leveraged have no choice to sell.
The housing market is contiuing to crash and the US system does not allow bankruptcy to wipe out morgage debt.
I am considering liquidating some of my existing bargains so I can rebuy at the lower prices I anticipate .... this is ugly and being highly manipulated by the really really smart money.
Orgy