Europe’s Results Matter For US Investors?
Well it sure was an interesting week. It never ceases to amaze me how the sheeple of today walk around and listen to the creatons that get on TV and go on about how good things are. I am not a doomster, as some call me. I am more a realist…and I dont see anything wrong with that.
Traders today saw that in the wake of Europes stress tests, only 7 out of the 91 banks failed the test. YES! of course they did!. Who or what elitist idiot made up the word “stress test” and what does it mean really?
If the numbers are accurate (which they arent of course) then why is the economy struggling, why are my neighbors out of work, yada, yada…u know the story.
You need to watch the market over the next 2 months. You are going to see some dramatic effects from this. Then you know what is coming. YES…. it is exactly what was happening in 2007 when we were topping out on the market. Analysts getting photos taken in the ferrari’s saying the boom is here to stay….. people telling their friends on the street what stocks to jump in….and look what happened in 2008.
My friends… we are seeing a repeat of this.. yes. I would go so far as to say, the first warning shot has been fired. There will be a series of about 3 shots, but I would say this is the first one…before the inevitable. This bullishness is saying to me to be cautious. I do infact see reality set in, but it wont be more until the fall of this year.
For now watch the same old chin wagers trick their customers to buying up this fake ass market. God help those that do. It is going to be a blood bath on the equities market very soon….probably more like a grinding down, but the baby boomers that had their lifesaving account wiped out in the crash of 08 aint seen nothing yet!
Just a warning, take it or leave it, but I know that in all my business life and personally I have never seen things like this.
