Analyste de Boston

Barron's Calls a Bottom

YES, how many times has Barron's been discredited calling a Bottom so far? If the paradigm's over, they've been proven clueless, or why aren't they telling the subscribers that Citi & GM are screaming buys? The Emperor wears no clothes, so what's going on?

The Market isn't driven by fundamentals anymore, the Working Group is intervening as aggressively as ever, since 2003 at least. As a libertarian and Ron Paul voter, I see NeoCons stymieing attempts to rally sentiment and tacitly calling for a Market Boycott (a la Ayn Rand, "going John Galt") succeeding, so far. Fantasist entrepreneurs like Joe-The-Plummers and guru Limbaugh certainly got the memo; this planned obstructionism continues to thwart any orchestrated shift towards optimism. The Republican campaign to sabotage the Market is winning.

Rightwing politicos will continue to drive stock prices down (dishearten the Sheeple to fortify & enlarge the Repubs' reactionary base) until the Obama Administration effectively caves in to NeoCons demands. THAT will be the Market's Bottom; until then, expect more downside and continue buying physical gold as a wipe-out hedge. BUY THE DIPS, remember that mantra? LOL!

I wouldn't rule out playing a short sharp rally (as I did on 20 Nov 2008) but I remain very Bearish longer-term. How low will it go? S&P500 at 545 or so, I'll guess. The nominal price will rise from there - hello, hyperinflation! - yet might remain a relative loser's bet for the next decade or so. So many unknowns, now. It's amusing that people blithely still chatter about "long-term investing," you may not wish to remain in the USA when a Sarah Palin comes to power in 2012.

It really is different this time, and Barron's still doesn't get it. Why would you expect anything but bollocks from the groupthink corporate media, anyway?