Each day, depending on whether or not the market is going up or down… I talk to people who tell me… we are on the verge of total collapse… or they say, we are on the verge of the greatest bull market of all time…
Well, from DOW 8000, we were almost down 50%… so, if the DOW now goes back up to 14,000 - is that really the greatest Bull market ? or is just breaking even… I guess it all depends on where you buy in… ???
You guessed it… yesterday the DOW was down big, and today the DOW is up big…
Everyone is now convinced that the Banks are now completely out of the woods… well, I can’t predict the future, but I can tell you that we have no idea whether or not the credit crunch is over and we have no idea how long the subprime mess will continue to infect bottom lines…
Mandrake
The daily SEE SAW continues… yesterday we were up big… today we are down big…. down 293 points in one day… I think we are clearly in a BEAR MARKET. I think we are clearly in a recession.
I have heard that usually you dont know you are in a recession until you are pulling out of it… my guess is that this time around, people are going to know they are in one.
I see soup lines and suicides coming.
Sorry to be so grim, but if you were looking at what I am looking at… you would understand…
Mandrake