Wednesday, July 23, 2008
If you happy and you know it...
"They" know it too...
And when we all know - what happens? "They" will do everything possible to take YOU to the cleaners.
Especially those of you ( and me) who was smart enough to read this blog and recognize potential to capitalize on unprecedented short covering/bottom bouncing/sector rotating RALLY!!!
Rally in financials, homebuilders and on the shoulders of collapsing OIL - Airlines ( Brandt from Trade Guild was really happy with AMR performance and now I am hiding from him because he sold one day too early ).
NOW WHAT?
You know, I was not really keen on NASDAQ participation in the bounce - it DID not.
Now I am getting disturbing ( but not "unexpected" signals ) that "rally" is OVER and previously I was kind of expecting NASDAQ 100 to attract some buying interest.
BUT...looking at QQQQ action, I think it will quickly pop tomorrow morning after (QCOM) and (AMZN) Earnings and then join whatever was rallieng last 8 days in the new downtrend. Unless...unless (QQQQ) will break to the upside above 46 area and manage to STAY there till the end of this week ( then I'd call it consolidation with possible QQQQ uptrend in few weeks)
The bottom line:
bye-bye financials/homebuilders/airlines
hello oil, nat gas, gold and other "stuff"
smart people buy when they know that global economy collapsing, dollar does not worth paper it printed on ( no matter what Paulson wants you to think real inflation is pretty much at 14% now ), real unemployment is 3 times higher than official numbers, and last 30 years stock market was going mostly down due to inflation and diminishing currency and that could not even be "doctored" by our incompetent and corrupt government by viciously rotating "good" companies into major indices and "bad ones" out.
Never mind "dreams and hopes" Internet bouble of 1999 ( that kind of boubles exists when people are hopeless and desperate )
It is so sad that for the last 30 years we got used to
feel like crap
live like crap
and be treated like crap
and your salary has been divided between 3 "better educated professionals" ( better educate my a...) who "undstaN yoU conceLns", but CNBC told you you WILL BENEFIT on a long run ( if you, save you God from that, live long enough)
But we still keep diluting ourselves thinking that "We Can, and we Are, and we Have"
this is exactly what "1%" wants you to think, this is why they fighting now to save housing ( what's left of it) and finances
THIS IS ALL AN ILLUSION - STOP BEEN SO FULL OF YOURSELVES
DO YOU KNOW WHAT HAPPENED TO ROME WHEN THERE WAS NO "BREAD AND SHOWS" LEFT?
DO YOU KNOW THAT IT IS NOT "US" WHO IS LAUGHING "LAST"?
Just to finish this post on a positive note
CONGRATULATIONS, MINUMUM FEDERAL WAGE HAS BEEN RAISED TO $6+
and YOU are not the one who is getting it - that is the GOOD NEWS.
(putting up with abuse much longer? Call 1-800-who-cares )
And when we all know - what happens? "They" will do everything possible to take YOU to the cleaners.
Especially those of you ( and me) who was smart enough to read this blog and recognize potential to capitalize on unprecedented short covering/bottom bouncing/sector rotating RALLY!!!
Rally in financials, homebuilders and on the shoulders of collapsing OIL - Airlines ( Brandt from Trade Guild was really happy with AMR performance and now I am hiding from him because he sold one day too early ).
NOW WHAT?
You know, I was not really keen on NASDAQ participation in the bounce - it DID not.
Now I am getting disturbing ( but not "unexpected" signals ) that "rally" is OVER and previously I was kind of expecting NASDAQ 100 to attract some buying interest.
BUT...looking at QQQQ action, I think it will quickly pop tomorrow morning after (QCOM) and (AMZN) Earnings and then join whatever was rallieng last 8 days in the new downtrend. Unless...unless (QQQQ) will break to the upside above 46 area and manage to STAY there till the end of this week ( then I'd call it consolidation with possible QQQQ uptrend in few weeks)
The bottom line:
bye-bye financials/homebuilders/airlines
hello oil, nat gas, gold and other "stuff"
smart people buy when they know that global economy collapsing, dollar does not worth paper it printed on ( no matter what Paulson wants you to think real inflation is pretty much at 14% now ), real unemployment is 3 times higher than official numbers, and last 30 years stock market was going mostly down due to inflation and diminishing currency and that could not even be "doctored" by our incompetent and corrupt government by viciously rotating "good" companies into major indices and "bad ones" out.
Never mind "dreams and hopes" Internet bouble of 1999 ( that kind of boubles exists when people are hopeless and desperate )
It is so sad that for the last 30 years we got used to
feel like crap
live like crap
and be treated like crap
and your salary has been divided between 3 "better educated professionals" ( better educate my a...) who "undstaN yoU conceLns", but CNBC told you you WILL BENEFIT on a long run ( if you, save you God from that, live long enough)
But we still keep diluting ourselves thinking that "We Can, and we Are, and we Have"
this is exactly what "1%" wants you to think, this is why they fighting now to save housing ( what's left of it) and finances
THIS IS ALL AN ILLUSION - STOP BEEN SO FULL OF YOURSELVES
DO YOU KNOW WHAT HAPPENED TO ROME WHEN THERE WAS NO "BREAD AND SHOWS" LEFT?
DO YOU KNOW THAT IT IS NOT "US" WHO IS LAUGHING "LAST"?
Just to finish this post on a positive note
CONGRATULATIONS, MINUMUM FEDERAL WAGE HAS BEEN RAISED TO $6+
and YOU are not the one who is getting it - that is the GOOD NEWS.
(putting up with abuse much longer? Call 1-800-who-cares )
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