Wednesday, December 08, 2004

A MAJOR TOP IS IN?

DOW
Gold
Euro
Spx/VIX ratio
Rut/Rut/Wlsh/Nikeii/Dax/Valu/Ftse
Inverse Vix
McClellan
PTI (An exclusive Russell indicator)
Foreign Savings
Domestic Investment
Inverse US Savings
Inverse Dollar
Bullishness
Fed/Bush Stimulus
Oil/CommoditiesHousing
Auto's
GDP
Productivity
PE RAtio's
Inverse Div Yields
Bottoms? up

IMHO (remember PApa is not a "pro" nor an "expert") WE have ALREADY seen the BEST "iT" can be, and AGAINST popular OPINION the TOP that "could" be in (now synchronized worldwide)given the EXTENT of bullish indicators.....EXTREME readings....above PRIOR Bull MKT...that this TOP(potential) is now a MAJOR ONE.
A final push up? to a new high? Not without the DOW we don't....and it has continuously this year for now 11 months been telling investors none listening cept RR) that it no can do better....WHY? you should know by now.
AT ZERO SAVINGS and HISTORIC HIGH IN DEBT...ONLY MORE FOREIGN SAVINGS can FUEL this psychco rally....myth of a recovery that isn't.....at 80% of world's savings consumption, my only assumption....is that we have reached the end of the line.

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