Posts Tagged ‘market crash’

Well it seems that sanity has come back to the market. Yes as your read this we have had the biggest 3 day drop on the market in nearly a year. I could fill up this page with reasons why….but If you have been tagging along and listening to our messages then you will fully understand. When I woke up and heard the market reports on the news, the first WORD that came to my mind was SANITY…..

AS the market kept climbing to new highs, the INSANE, no scratch that out…HIGHLY INSANE people kept just buying on all the government funding and money they kept pumping in the market. In all seriousness this was a fake rally, and lasted too long. Many people who kept buying kept getting use to making lots of money….so what did they do …KEPT buying. as I said CLINICALLY INSANE….with a double scoop of IGNORANT on top!

Now people are seeing the market dip hard here and are making all the excuses in the world. Obama has finally stepped up to the plate and started to get his cane out and whipping the naughty school boys on wall st for getting back to their dirty practices. Ummmm bit late for that now. But I say to Obama better late than NEVER.

I dont think he has come a long way since his election speech…what was it again!? YES WE CANNNED HAMMM! or something like that.

Anyway no matter what happens here on the market, up or down (down seems more likely the case) it has been FUN for myself and traders in the office, the video below I show you why???

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After one of the biggest runs we have seen after a market crash, I think this market needs to let off a little steam. Although many halfwit analysts are screaming DOW 20,000 we dont see this happening soon. Sorry to burst your bubble.

The government have pumped up this market so much full of liquidity, its looks more like a fat kid eating so many cream buns he is ready to explode.

Here are our top 5 reasons that this market rally could lose steam very soon.

1) We have only gone up on fake money that has been flooding the system.
2) The rally we have had has been up on light volume, a sign of weakness previously.
3) Many people are waking up and realizing that the govt keeps lying when they say “recovery”
4) The Chart is telling us that historically this market is very VERY overbought at the moment

The video below gives a more in depth explanation.

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Even though I am a daytrader and have been heavily “short” the market in the last few days, a lot of people who have just bought back into the market mustn’t be enjoying the 4 days of consecutive ‘blood red’ on their screens!.

But according to the media and government (who are a highly reliable news source apparently ) things are ok, and we needn’t worry. Hmmmm… I think I have heard that one before??

But when I saw the following info on a popular news website I frequent, I nearly spat my coffee all over my monitor.

If I have some down time, and want to go cheer myself up with some good old fashion jokes, I no longer have to use Google. I just have to visit the first News & Economic website I find. This should get joke of the year in my books!!! Sure had me in stitches.

The news over the last few days has been highly amusing, especially when the market is selling off in an orderly fashion. Anyway I thought you would get a kick out of this…

I like this comment – ‘ New Great Depression Has Been Averted’ That’s where I nearly fell off my chair laughing.

Funny thing, is that there is no evidence of this, and Mr Ben Bernanke is following the same actions taken by the government back in 1929 when the stock market crashed and just before the Great Depression Era started. Just pump it full of more money, that seems to be their answer to everything.

But guess what.?…I have actually gone back and studied this myself. And you want to know something that is really haunting?. The governement and mass media had the same bag of tricks up their sleeve back then too…

Have a look at some of the newspaper headlines printed back then…

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“Studies Suggest No Depression Is coming!” 1929

“This Recession Will Be Short Sharp And Only Affect Those Without Jobs” 1930

Drumrolls Please….. And here is the doosy!!!

“Is This Really The Great Depression?” 1930

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What do you think people without jobs standing in the bread and soup lines, who could not afford to buy a newspaper were thinking??.

“Things that make you go Hmmmmm”

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