I made a similar comment to the above back in May. Several who thought they had a crystal ball told me why the market was about to go in the sheitter. Want to read a few quotes?

Here ya go.

"So I’ll play the Devil’s advocate, and you can play the Markets advocate.
Where are the indicators that we’ll have a summer rally, or that we’ll push through the ceiling of the current market cycles, instead of the floor?"

"I have some bad news, there isn’t any good news.

Employment, um..no.
Currencies, horrible.
The government has been propping up our economy by pumping money into the system with stimulus and other tricks that can’t be sustained.
Commodities look good because everything else is in the toilet.
Manufacturing…yeah, look at what that 80 billion dollar bailout got us.

The consensus out there is that things are bad and only getting worse."

"Quite a successful day of manipulation for the Wall Street criminals...Textbook containment of a final hour sell-off prevented a big drop & close below 9,800, and a new low being set at the close.

How long before those moving the strings cede 9,800? Will they wait another 2 months worth of 401K contributions before they allow it to move lower?

Folks, I think this market is a fraud that will never, and I repeat NEVER, sees its equal...

Make sure you are positioned correctly. As I have said before I'm typically an optimist, but I fear things will likely get ugly this summer."



At the time I was accused of being a cheerleader for the administration, of having rose colored glasses, etc. Crow anyone?

Before you get all worked up again, I repeat; I nor anyone else knows where the market will go short term, but historically, long term, it has been a consistently good investment. Tomorrow? I don't know, and neither do you.

But back when so many were sagely telling us the market was headed for the craper it was much lower than today.


Any more crystal ballers want to chime in ?




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