TIMBERRRRRRRRRR !!!!!
Here is a quick lesson in technical analysis. This is a chart of the financial sector index. It is a mess and a huge red flag to to get out of the market. If you take a look at the bottom of the chart, it shows the huge uptick in volume of shares being traded in this down leg. We have also broke through the 50 day moving average. The next stop is the 200 day moving average. Once through there, it is ciao bella. I'm begging you guys, get out while the gettin is still somewhat good. Take your profits off the table and go into cash/money market/physical metals i.e gold & silver.
posted by Unknown @ 8:42 PM
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6 Comments:
At 2:43 PM,
Agent Orange said…
TIMBERRRRRRRRRR !!!!! -- Day #1
The Fed Funds rate opening at the Fed's target of 5.25% for the first time in three days, and the Fed adding a much smaller than expected $2.0 bln to the system also contributed to the improved underlying tone right out of the gate. The overnight lending rate actually closed below the Fed's 5.25% target (5.18%), indicating sufficient reserves and suggesting a sense of normalcy has been restored.
At 1:41 PM,
Anonymous said…
Allan,
I agree with your call about the stock market. I don't think your call on gold is correct. We could
be in dis-inflationary or deflationary times. A Fall war in the Middle East could change all that.
At 2:11 PM,
Unknown said…
Gold may go down, but it ain't going down much. It gets manipulated by the central banks. People may sell it to raise money to pay for other debts they have, but if you own the physical bullion, you are going to come out smelling like a rose ina few years.
BTW, the stock market got crushed again today and there is a lot of bad news after the bell about mortgage companies going under. I hate to be the one to tell everyone, but we're headed much lower.
At 8:06 PM,
Agent Orange said…
Once again, all this market doomsday anticipation is a function of the world wide effort by the globalists to level the playing field.
The doomsday will come, but it will be done on the terms to fit a global merger.
Judging from Fed's effort to prevent bottom to fall off -- we are not there yet.
In such environment there is no safe place to invest.
Except for few, we all must lose to accomplish globalists' dream!
-Stan
At 10:06 PM,
Unknown said…
That's why they have a thing called "going short". Life is beautiful.
At 10:25 PM,
Agent Orange said…
["going short". Life is beautiful.]... said Allan.
I hope that you remember when Nixon, I believe, legalized ownership of the actual gold in USA.
Same as in communist countries, until than, if you went short by converting your assets into the actual gold and bury it in your back yard, you have purchased for yourself timeshare in the federal gated community.
If real doomsday will come all shorting will be unlawful and life will be not so beautiful.
I lived 22 years thru it, you did not, and that is why you are so naive Allan.
The patriot act is more fascist as anything ever written by any totalitarian system yet you have no clue of of it.
We have concentration camps all around the world, we have murdered about 250,000 innocent women and children in last 5 years, we are starving millions to death by economic sanctions, we rape and pillage and all that is coming your way now.
So get ready!
-Stan
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