Well, the Cheerleaders are out in force….

July 29, 2007 on 10:26 pm | In Old Posts |

With this story from Bloomberg, everyone, and I repeat, everyone, should start exercising extreme caution. Yes, we may well see the greatest rally in stock market history. But it is the proverbial dead cat on steroids superbounce. Don’t be a sucker. Get conservative….wow; TPTB ARE DESPERATE!!!

 Link to story

3 Comments »

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  1. I linked you on the housing panic blog, which is one of my favorites.http://housingpanic.blogspot.com/

    The post linked is where Keith is asking for predictions on what the Dow will do tomorrow. I say it will drop until they suspend trading for the day. The next day may follow. Trading suspension reminds me of the Banking Holiday Act that most Amerikwanians know nothing about.

    Keep trucking, John. I took a nap so I could stay up late and keep an eye on your blog and the market tickers, including Forex streams.

    On Kitco, Asian trading in gold is up almost two bucks. I expect a metals rally as people bail out of the worthless dollar.

    Hang on for a wild ride. Those depending on 401K and etc will be disappointed. I have my 401 in overseas stuff and it is still down. Oh, well, good thing I bought silver.

    Comment by joe — July 29, 2007 #

  2. I’ve been pulling as much of my 401K out as I can. My significant other does not seem to understand how futile it is. Even if I leave it all and hope for the best, maybe I’ll have 20K in there when I retire. That should be enough for a subscrition to Forbes and a cup of coffee.

    Comment by M Oleman — July 30, 2007 #

  3. I am liking what I see and I will visit daily.
    Thanks.
    FMW

    Comment by flyingmonkeywarrior — July 31, 2007 #

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