Balderdash

Sobering Stat: ARMS Index Indicates Market Is at Peak, Not Bottom

we will not nominally touch March lows. March lows priced in a collapse of the American financial system. the government has drawn a line in the sand. they will destroy the currency before they let the too big to fail crowd go down.

they've changed the game. they've turned an imminent implosion into an imminent explosion.


On Aug 29 02:11 AM Michael Clark wrote:

> This is not a surprise -- but I appreciated reading it. We are near
> a top and we will test March lows. Denial is not a fundamental strength.
> And companies with declining earnings are not necessarily a good
> value. I'd rather own a company with a high PE and rising earnings
> than a company with a low PE and declining earnings. In the case
> of this market, we have mostly companies with a high PE and declining
> earnings. That's a very dangerous market condition.