1927-1933 Chart of Pompous Prognosticators

[fencerider2]

Enjoyment for the Bulls.

"The economic condition of the world seems on the verge of a great upward movement"

"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S."





http://www.gold-eagle.com/editorials_01/seymour062001.html

[Aharon]

Enjoyment for the Bulls.

"The economic condition of the world seems on the verge of a great upward movement"

"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S."





http://www.gold-eagle.com/editorials_01/seymour062001.html

What I find interesting is that both the bulls and the bears sound exactly the same 70 years ago. You can see some of the bears quotes being responded to by the bulls, and they sound just the same.

On another note, I would still have been happy getting in the market when it was around 400 before the crash !!

[fencerider2]

What I find interesting is that both the bulls and the bears sound exactly the same 70 years ago. You can see some of the bears quotes being responded to by the bulls, and they sound just the same.

On another note, I would still have been happy getting in the market when it was around 400 before the crash !!

Do you think they would seal safe deposit boxes if the same scenario played out?

[fencerider2]

Paulson went to China this weekend, connect the dots.

http://www.silverbearcafe.com/private/toomuch.html


The Chinese stock market began to rise in value dramatically starting in November 2006. It has literally doubled in value since then (over a period of 6 months), with the Shanghai composite index rising from 1800 to a present level of 3600. The over-inflated state of the Chinese stock market recently resulted in a one-day decline of 9% on February 27, 2007, which in turn caused global stock markets to sell off sharply. As well, the economic growth rate in China has accelerated to an annualized rate of 11.1% in the first quarter of 2007. The run-up in the Chinese stock market and the acceleration in economic growth at the same time that China’s foreign exchange reserves rose sharply is also no coincidence.

The point is rapidly approaching when China’s central bank will be forced to abandon their fixed exchange rate regime. On March 20, 2007, the governor of China’s central bank stated for the first time that they “will not stockpile foreign exchange reserves any more” (an extraordinarily important comment that few people took note of). Given the present state of affairs, how could that possibly be accomplished without the abandonment of the fixed exchange rate system? They will realize that the alternative to this (keeping the policy in place) can only result in the destruction of the Chinese economy. When the peg on China’s foreign exchange rate is dropped, the US economy (as well as the global economy) will implode

[Scott]

I am glad I do not revel in misery all day. :(

Cheer up Jim.


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[fencerider2]

I am glad I do not revel in misery all day. :(

Cheer up Jim.


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We are in a recession or on the verge, the Fed is caught and at this time will not say the R word for the fear of panic. If they lower rates its a admission of out right lying to me and you. I suspect that this will drag this out until they can slowly change the wording of statements, by then the damage will be very obvious.

Stagflation


PS you Bulls need to wake up.

[Scott]

We are in a recession or on the verge, the Fed is caught and at this time will not say the R word for the fear of panic. If they lower rates its a admission of out right lying to me and you. I suspect that this will drag this out until they can slowly change the wording of statements, by then the damage will be very obvious.

Stagflation


PS you Bulls need to wake up.



So be it, I can appreciate your own opinion and good explanation, it just looks like we should be passing out Zanex in here a lot of the time. :lol:

Differnt strokes for different folks I suppose. At least that is what Willis said.

[fencerider2]

So be it, I can appreciate your own opinion and good explanation, it just looks like we should be passing out Zanex in here a lot of the time. :lol:

Differnt strokes for different folks I suppose. At least that is what Willis said.



If everyone agreed it would be pretty boring. If I have my thinking cap on straight the Market will sell off towards the end of the day, huge Mutual Fund redemption.