I’ve been around long enough to see bear markets. More importantly, I’ve been around long enough to know how bear market rallies FEEL! Let me tell you - THIS IS IT! Watch the news. The message this past week has been that the worst is over - it’s all up from here! And the sentiment among the uninformed is that the recession is ending and in a few months we’ll be back to normal. This is EXACTLY what I’ve been waiting for. In my opinion, this is an absolute sign that we’re near the top of a bear market rally. When everyone is saying it’s over - IT AIN’T OVER!
Mike
Mike, how far out do you see this playing out?..
I think it will be a soviet style collapse in the long run. In other words, just a big fiasco. We’ll be lucky if some states don’t want to leave the union. An armed civil war is a real possibility.
That’s my opinion.
Mike
Mike,
Unfortunately, I agree. I just hope if it comes to that the military remembers that their oath is to the country and Constitution and not the federal gov’t. Unfortunately, more and more people are thinking that the country and government are one in the same. People are hoarding ammo for a reason, real or imagined. I think November 2010 will be the deciding factor. If we don’t get a level-headed majority in Congress, this country is doomed. I literally pray every night that it doesn’t come to civil war or even another war for independence.
It is clear that the US Federal Government has decided to let the dollar take the ultimate hit instead of general market crash. The dollar will be toast, there is no question about that… just “how long” until it happens and fails we will see, until then, I don’t think your going to see a market crash, and after then, I think we will see the civil wars mike is talking about.
Mike, you and Fdjake have called a lot of stuff that came true, but on the prediction of the economic collapse you two diverge. It’ll be interesting to see who’s right on this one. Like the past housing collapse, it will be interesting to watch it all unfold.
From what I’ve read and seen on CNBC, many business leaders are looking at a slow economic recovery that will begin in Q4 of this year. They’re not seeing the econmy out of the woods until at least Q4 of 2010. I get the impression that there’s so much money sitting on the sidelines, just waiting to jump in.
It’s interesting that the media thinks we’re all so stupid that we can be convinced that there’s a recovery just because of the stock market’s behavior for a couple of weeks.
Sadly, I think alot of the country is that stupid.
Whats really funny is watching CNN gloat about how the stock market doing well is because of Obama, BUT, when it gets bad, its all because of BUSH. Dang you BUSH!!!