Saturday, October 14, 2006

Sat Morning POst "DAY OF RECKONING PUT ON HOLD"

I just scanned weekend L< need to read whole piece, but it seems, and with mkt action, there will be NO mkt pullback and IF the R’s hold onto majority this NOV BAMMM an EXPLPOSIVE RALLY into yr end will ensue……while many
….waiting for the OCT or other decline that never comes.

Even with record string as EWT points out of 90% plus bulls, 4 yr low no low down, 4 yrs without 10% correction…in a climate we all know is false but it creating record SPX earnings qtr after qtr after qtr……and here is L all but shouting ALL IN M’fer’s all in

*(one good thing, I found a BEAUTIFUL Japanese made Fender Jazz like new, played my friends last night on AMPEG equip all night…jamming, so nice!!!! Excited one day I will jam in front of people got long way to go) picking it up today !!!

It is now clear that 200-2003 was just correction to the MUTHA of all SECULAR BULL MARKETS!!!!! Can it be anything else? There is NOTHING that can derail it…..ANY long term MA’S you run shows it INTACT and strong, so why are we looking for its end, why NOT ALL IN??

EVEN 2 ½ year MACD divergence cant end it. Longest running Trannie/Dow non confirm cant end it, now other way around Dow new highs and trannie non confirm cant end it. Housing bubble burst cant end it. Destruction of manufacturing cant end it, record debt cant end it. BOND inversion cant end it.
Record % of income for mortgage cant end it. Negative savings rate cant end it.BLOW OUT record of total credit market debt as % of GDP cant end it.
Coming qtr probably near 1% GDP my guess cant end it? Flagging LEI’S cant end it. Record gas prices didn’t end it. $2 B a week in IRAQ Fiasco didn’t end it. STOCK OPTION SCAM didn’t end it. Loss of ENERGY earnings as leadership to record SPX earnings isn’t going to end it?
LOWER GAS and HIGHER MKT before NOV election NO ACCIDENT…………CONTRACTING ADJ MONETARY BSE cant end it.

GOLDILOCKS IT IS and I cant fight them anymore I think, I don’t have to understand how ASSET inflation one to another then another is all we need? Now a BULL that began no later than 1982 (some accts say 1974) is still gaining momentum in 2006?? Minimum length 24 years as many as 30 years.

And it is said the BEAR THAT FOLLOWS BULL is of equal length and severity/extreme……and so this is not the case to date.

Was all it was about checking just one facit of it? The techs, taken down 90% (and we wanted more?) has been accomplished. FED is invincible holding rates down to 1% a record move AND NO ONE should doubt they can fix anything?

Record trade and gov deficits cant end it?

WE all cant win in the end I KNOW that, like ANY Ponzi scheme, how is it possible we ALL make money in the stock market? WE ALL just keep putting money in for retirement, and never stop.

Historic LOW levels of Mutual fund cash can’t stop it. 8,000 wild and untethered hedge funds cant stop it.

Why not just give in to it, what sense in the worrying, what good is that. Had one only had small % in Tech going into 2000 who stayed LTBH are way ahead of the game and NEVER Lost any sleep nor had to put ONE OUNCE of time, worry or effort in to managing their accounts.
Yes to this point in time, “It is time IN the mkt, not TIMING the market” that pays off.

Now how can one argue with that?

Duratek (tired of being a bear and constantly on watch, in a world where nothing adds up and the rich get richer as lemmings buy their wares.....there is world of hurt out their for the barely haves and the nots....as the DAY OF RECKONING has been put on hold)

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