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How can we exit the bear market when we are broke, in debt, our credit is cutoff, and prices are rising os every day consummables while jobs slip away? Where is all this value coming from that will save us?
Jul 27 22:34 pm
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All Comments by Did U Think The Ponzi Scheme Would Last? »Is the Structural Bear Market Nearing Its End? [View article]
Greenspan said that this will be the "most wrenching" time since the end of WW2. I don't know about you, but I don't really feel all that "wrenched" yet. Yeah, gas and groceries cost a bit more but it's not changing my life very much.
It will get much much worse than this. Expect economic bomb after economic bomb to continue to drop until we have a huge panic wahshout sell off which takes us down to Dow 7500.