MarkMedayski

Will the Bear Market Rear Its Head This Week?

Dear taxmarc,I am not a bear neither a bull,I am playing both sides only afraid about my money in the futures account,if my broker PensonGHCo., will go bust (3 billion USD in debt for small Chicago broker symbol:PNSN) my segregated account at Harris ank is not safe,I am transfering profits at high speed so when and if the reality will bite us all,at least I would say that I played the markets,made money,lost money but the bite will not be so strong if all my assets would dissapear because of some CDO's out there somewhere.
Don't trust anybody!!!

Will the Bear Market Rear Its Head This Week?

You are right,bear market is too optimistic to call the current bankruptcy of American consumer.We are in dead cat bounce right now,I am looking for Dow Jones to test 10,000 till September and 9,000 till October with very serious support at 7,000-7,500 to hold maybe for a year.Then next is level is 5,000-6,000 and the bottom will be 3,000-4,000 but the problem is that nobody will make any money even buying Dow Jones at 3,000 as it will stay there for many years.After average investor in stocks will be wiped out,maybe his childrn will witness new bull market starting sometime after 20-30 years.
Sell the dead cat's bounces,buy Gold,Oil,Nat Gas,Lumber,Silver,Suga... and everything that have value and is used on the planet earth,your stocks are the worthless electronic signs that have no value in real terms,we are near the crash of Titanic and only commodities investors will survive,the public companies owners and insiders will retire rich and spend your money,hile you will be left holding your bankrupt bank's statement and see your holdings i Blue Chips down 70% on average.
SELL THE UGLY MARKET,BEFORE IT KILLS YOU!