The real problems are still there, weak economy, lower house prices and whole lot of shitty assets that are being shifted from one place to another....
Once this is said and done, the slow grind down will continue until house price stabalize....
Quote from wave:
09-17-08 01:02 PM
Well folks here you have it, the bottom. The bear market from last summer just ended here. Buy ES, Buy Goldman. Just buy.
As a very smart man and great trader once told me, "What helps luck is the habit of watching for opportunities."
This is pure buying folks. This will be a quick bull run to 1500. Remember I mentioned they would trade it down to 1200-1150, run it back up and then rip the hearts out of all those 401kers and investors. Gotta love them for looking out for ya!
The real problems are still there, weak economy, lower house prices and whole lot of shitty assets that are being shifted from one place to another....
Once this is said and done, the slow grind down will continue until house price stabalize....
Fortunately, the public has short memories and this morning everything is just dandy again. Woo-hoo, new wheels, new flatscreen, where's my check bush, I need some new sneaks.
