Nikola

36 Opportunities for the Beginning of the Bull

There is one undisputably good point in this post. The markets play us, not the other way around. This market will turn when BIG MONEY turns, not when User 2342325 or Peppio or Anti-Fool or I decide to spend our last 25% of cash and jump in with our $10K or $100K.

Problem is that BIG MONEY is currently bancrupt or busy unwinding. The only guy left standing is the Fed and its printing presses. However, despite the fact that the Fed's injected close to a trillion dollars into the system in the past few months, BIG MONEY is still holding on for dear life, and it's scared. Citi, Wells Fargo, BofA? Still alive, but in a month, who knows? When these guys start buying again, that's when the market turns. And right now they ain't got the balls to buy. Because they saw what happened to Lehman, Morgan and others who were in denial.

Hey who was it here on SeekingAlpha who said we'll have a bottom when we have 60 days of no bad news? I completelly agree. Well, guess what. We still have bad news, even if it's from UK/Europe.

$300/Barrel Oil Is Coming - Barron's Interview

Caltorguy, funny you talk socialism up in Canada. You think your socialized medicine is something huh. Well, we got one up on you now. Socialized housing!

Come McCain we're going full-on National Socialism.

$300/Barrel Oil Is Coming - Barron's Interview

Second that on the value of the dollar.

Can we start using some other, more stable currency to price the oil in? Say... gold? Because the US government has obviously given up on the value of the dollar. And with the enormous budget deficits, never ending wars, and probably even more to come if McCain wins (as he probably will) dollar is going DOWN long term (although I am betting on it short term).

Otherwise these statements mean nothing. Oil could be $3,000 in 2015, and still be 100 euros, or 1000 CNY.