Don’t you just hate when you listen to a song on the radio driving to work and it gets stuck in your head all day! ** insert eyes rolling here** Well since Monday the stockmarket had a special song stuck in its head.
The name of the song “Ain’t No Mountain High Enough” by the great screaming sensation Jimmy Barnes.
Yes! there sure ain’t no mountain high enough in the markets book, at least for now. And the last 4 months for me, has been spectacular. To watch what I have seen has been purely eye opened and stunning. The rally we have seen in the last two weeks, as I like to call it, the ROCKET SHIP rally, has not happened since back in 2000.
Below is the S&P 500 Chart shown during a different bear market rally. In this instance, the market went down 51% and then went up 52% (I will step in here and gently remind folks that a 52% gain after a 51% fall doesn’t bring you back to a profit, since you are staring with a damaged base). So if you have lost money in the market, and stayed in you are not back at square 1….infact, Far from it!!!!
ain’t no mountain high enough for now?
Do I see the market going even higher from here. SURE DO! Does this mean we are ok, and recovered? SURE DOES’NT!
I bring alot of truths about the market. So I am going to be blunt right now. So if you are offended by my extreme bearishness, I would ask you to cover your eyes, and clog your ears. It aint going to be pretty!
I will lead you to the realism of what is going on behind this rally. What is happening in the real economy. Which is why I am mesmerized to see the market where it is. Remember that the chart above doesn’t affect your bills, your mortgage, and even that little thing you do from time to time to pay your bills…YOUR J.O.B (if you still have one that is!)
Here is what is going on in the real economy. The stuff that affects the lives of you and your loved ones.
1) The U.S. Government is printing off trillions of un-backed U.S. Dollars and Flooding the market with it.
2) The U.S. Dollar is falling slowly to it’s death.
3) The housing market is no where near bottom.
4) We are still in a bear market ( yes don’t be shocked!)
But during all this, people are still asleep and watching these charts, thinking “HECK!! If the market is up, then we must be recovering!” There really ain’t no mountain high enough for the markets now. OR IS THERE? How Silly! these people have a big shocking coming!! The government will stop at nothing to trick these people into thinking they have everything under control.
GOVERNMENT IN CONTROL? LOL…. That’s a good one, I will have to remember to use that.
Like every mountain that is high enough to climb. Sometimes getting up is the easy part. It’s the getting down that can be painful, exhausting, & dangerous. We are still yet to experience this in the real economy.
Enough ranting from me. I will let you get back to your fun weekend with your friends, family and a few icey cold beers. Have a great day.
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