oldgoldbug

Dow Price Targets

GM probably has the best chart.

Go for the Gold

User 244150 - Thank you. I wondered when somebody would speak up about all the bulls who apparently have been able to endure this onslaught with such aplomb. "Don't worry, buy more". WITH WHAT? Who recommended selling at anywhere near the top to be able to put money in this market now? No one. What happened to GRMN at 124? Oops, its 33 now. Probably a stock to consider almost 100 points lower.
It still bothers me that the long Government market is at 4%+/-. It may be that market is the only one able to contain the amount of money coming out of long liquidation of institutional portfolio therefore it is unusually strong in the face of high inflation or is it saying "deflation, deflation, deflation." I guess we will find out soon enough.

Selling the Short Sellers Short: Another Sign of Trouble

Naked shorts are similar to the "bear raids" back in the day which were a major cause of the 1929 Crash along with 10% leverage. So here we are again 80 years later with the same problem, only now it is 95% and more leverage. It is incredible that any of these banks on the wrong side are still standing....or are they? It all comes down to greed and Wall Street is insatiable. Bend the rules, break the rules, repeal the rules - none of it matters if they can make a buck and it doesn't matter to them who gets hurt.