|<<But the Dow broke 8,000 today. Donna Karan is selling $600 designer jeans. Cramer says the depression is over(edit: that is until he changes his mind and says something different.--max) >>|
This rally is now headed towards the greatest BS Hope Rally since the spring of 1930, human behavior NEVER changes
From Spear Report today
"We expect hopefulness and bullishness to increase sharply over the next month, so that by the time the Dow reaches 9000+ it will be difficult to find a bear.
Enjoy the rally, but practice some emotional restraint. Advances in bear markets are always sharp and seductive. According to Professor Doom (Nouriel Roubini), “There may eventually be light at the end of the tunnel, but the economic recovery will be so weak that it will still feel like a recession.” Why would that be? Because bubbles can’t reflate. (edit:SPX/PE now well over 50, LOl!Max)In the U.S., we didn't just have one bubble, we had four bubbles in a row: tech stocks, real estate, credit and general equities. We don’t know where the bottom will be, but bubbles always end in disillusionment."
i am 20% invested long in this rally, i may add----i play the market with total cynicism.:)
It will be a GREAT SHORT later.