Estimated Prophet Portfolio

[Estimated_Prophet]

Closing this board down. Not very good at making timing calls on the broad market lately, and just don't have the motivation to do it or keep up with.

[mark1230]

so it looks good company though but what are the fundamentals.

[mikeo56]

JBI, Inc. Executes JV LOI With Rick Heddle, Signs LOI for 45 Florida P2O Sites,
and Will Apply for ASE Listing

NIAGARA FALLS, Ontario, Dec 22, 2009 (GlobeNewswire via COMTEX) -- JBI, Inc. (the
"Company") (JBII) is pleased to announce that December, 2009, has been a month of
intense activity and very positive productive progress. The Company and Rick
Heddle have agreed to a Joint Venture whereby Heddle Marine Service, Inc. will
retrofit ships with P2O processors. The Company is now finalizing a JV Agreement
for production of its first P2O ship with Heddle. JBI anticipates contracting
with various countries to convert their plastic waste into oil.

The launch of P2O in early 2010 will be an exciting and important harbinger for
job creation, environmental clean-up, and oil production. Plastic waste is a huge
global problem, contributing heavily to landfill expansion and ocean pollution.
The Company has a goal of initially establishing 2500 P2O sites with
municipalities/interested parties and launching P2O ships for various countries'
plastic waste retrieval and energy production.

Converting plastic to oil has previously been attempted unsuccessfully by other
companies as it was not economically feasible. However, the Company's research
discovered a unique catalyst that is now proprietary to P2O, as it greatly
enhances the efficient and economical conversion of plastic waste to oil,
allowing for a 99% recovery rate compared to 45% +/- for competing systems. In
essence, the catalyst greatly expedites the cracking of the plastic and allows
the Company to select on a tight curve the particular hydrocarbon to produce.
Competing methods require much higher heat, considerable energy cost,
prohibitively expensive residue disposal, and result in poorer conversion. There
is a negative energy cost to operate a P2O processor, since 15% of feedstock
weight is converted to gas to run the system. The P2O processor is not a
"perpetual machine", 15% of its feedstock is consumed to provide gas to power the
processor.

Heddle Marine Service Inc., established in 1987, is the only marine repair firm
that operates floating dry-docks on the Canadian side of the Great Lakes. Located
on land leased from the Hamilton Port Authority, the site has 160,000 square feet
of land, 1,000 feet of wharfage and dock frontage, 30,500 square feet of
fabrication shop and 5,000 square feet of machine shop.

This continually expanding, successful company, with 20+ years of expertise in
rebuilding ships, converting tanks to cargo and cargo to tankers, will be a
valuable and important partner in helping JBI to achieve its eventual goal of
attaining a fleet of P2O ships to address global demand for their service. For
further information, visit http://www.heddlemarine.com/

Also, JBI has signed a Letter of Intent for the establishment of an Area
Development Agreement (ADA) for 45 P2O sites in the State of Florida with a newly
formed entity controlled by Al Sousa of Largo, Florida.

Mr. Sousa is a seasoned executive with extensive business experience in both the
public and private sectors and has been involved in a wide variety of matters
including operational management of multiple entities including acquisitions,
marketing, financing and governmental affairs.

In his position with a large publicly held company, he planned and implemented a
start-up venture with multiple business units and annualized revenues nearly $150
million. His division had seven business segments in sixteen states with
approximately 2,800 employees.

The Company expects that the ADA will be consummated by February 15, 2010.

The Company expects that Mr. Sousa's company will begin to quickly cultivate
supply chains and sites for the installation of P2O sites throughout Florida
concentrating first on large metropolitan areas and expanding outwards. The
"Green" aspects of the P2O process is expected to solve huge problems in the area
of plastic waste disposal as well as generate much needed oil for commercial use.
Public-Private partnerships are expected and local, state and Federal credits are
available for rapid deployment and cost effective development.

An independent lab investigation of JBI's P2O technology revealed the following
information: Samples of fuels were created from various plastic feedstocks and
were tested (ASTM D 5453) and confirmed a sulphur concentration less than 8.4 ppm
(parts per million). Additionally, the water and sediment tests (ASTM D 1796)
confirm that its fuel contained less than 0.005% water and sediment. Density
tests also placed the fuel in the gasoline range.

P2O produces oil at less than $10 per barrel. In the United States, refineries
have indicated that they will pick up the fuel at the price of WTI (West Texas
Intermediate) price less $3, currently around $70 per barrel.

JBI's Pak-It division is being positioned for anticipated dynamic revenue growth
in 2010. The Pak-It factory in Philadelphia is being completely upgraded to
handle high volume retail production for their eco-friendly line of cleaning
products. An experienced 5-person national sales force is being hired in January.
JBI is in current discussions with a very large, established company that has had
great success marketing their consumer cleaning products via television
infomercials. This company has indicated a desire to partner with Pak-It in an
infomercial marketing campaign. However, if an agreement is not formalized with
this potential partner, Pak-It will proceed on its own to have infomercials
produced and begin a massive marketing campaign.

Successful infomercials have proven to be a very effective method to rapidly
attain major consumer awareness and often generate a significant increase in
sales revenue. The patented, cost-effective Pak-It product line clearly appears
to have all the attributes for a successful infomercial launch.

JBI will soon establish a Board of Directors consisting of key talent within the
Company, including the CEO, and on their Advisory Board, as well as some
dedicated open market shareholders to adequately represent our anticipated large
shareholder base. Unlike many other BOD's, the Company wants to have a proactive
Board that is committed and focused on the continued future growth of the Company
for the benefit of all shareholders.

Additionally, the JBI websites are currently being redesigned by a group of
loyal, tech-savvy shareholders. The new cutting-edge site will better reflect the
Company's achievements and unique technologies. On-site videos will provide the
world with a clear view and understanding of the Company's important
technologies.

John Bordynuik, CEO/President of JBI, Inc., will be flying to New York the first
week in January to meet with exchange officials and begin the application process
to up-list JBI on the American Stock Exchange. Furthermore, at the end of
January, Mr. Bordynuik will be traveling to China to meet with P2O processor
manufacturers, and establish production requirements and volume agreements. The
Company has previously been advised that its Chinese manufacturer could produce
one P2O processor every day, with a 15-day lead time for each batch.

Furthermore, to avoid dilution, Mr. Bordynuik will be returning an additional 9
million of his personal common shares to treasury on Dec. 29, 2009. Therefore, as
of that date, total outstanding common shares will remain at 46,725,106.

John Bordynuik commented, "All of JBI's dedicated team members have been working
long hours and very hard to ensure an extremely successful future for our
Company. I am most appreciative of all the loyal supporters who have stepped up
and committed their valuable time and efforts to our shared vision of growing JBI
into an extraordinary, successful company and maximizing share valuation. I wish
everyone a most joyous holiday season and a very prosperous New Year."

About JBI, Inc.

JBI, Inc. is transitioning to become a global technology leader whose purpose is
to mine data from JBI's large information archive, find under-productive entities
to inject our superior proprietary technologies into, and benefit from increased
productivity and profitability, beginning with Plastic2Oil. JBI has also acquired
the following operations:

JAVACO, Inc. ("Javaco") is part of the Supplier Diversity Network, WBENC. JAVACO,
Inc. currently distributes over 100 lines of equipment from fiber optic
transmitters to RF connectors. To further enhance business in the United States,
new distribution lines are frequently being added including a line of home
theater and audio video products. Javaco will operate and manage the Company's
Plastic2Oil sites in Mexico.

Pak-It, LLC ("Pak-It"): Using the patented Pak-It(TM) delivery system (liquid
cleaner in a water soluble sachet) Pak-It can deliver glass cleaner,
disinfectant, multi-purpose, and many more cleaning products (42 products
currently) shipped in tiny packages of condensed cleaner (inside a 'dry' 1 quart
container). This delivery method is "green" since it's fully biodegradable and
saves thousands of dollars in shipping. The user simply adds water to the
container without measuring or cutting the Pak-It. Large retailers and many
national Building Service Contractors already using the product have documented
significant cost savings from shipping, training, inventory control and space.

Accordingly, our revenue sources presently include (i) income from reading
archived tapes (including microfiche) from clients such as NASA, (ii) income from
the recently acquired JAVACO, Inc., (iii) income from the sale of Pak-It
products, and bulk chemical facility which we realize beginning October 1, 2009,
and (iv) from the anticipated commencement of operations in the first quarter of
2010 with Plastic2Oil, a process and service that converts plastic to fuel oil.
For more information, please see http://www.jbiglobal.com,
http://www.javacoinc.com and http://www.pakit.com/.

Forward-Looking Statements

This press release contains statements, which may constitute "forward-looking
statements" within the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act.
The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several
significant substantive changes affecting certain cases brought under the federal
securities laws, including changes related to pleading, discovery, liability,
class representation and awards fees and of 1995. Those statements include
statements regarding the intent, belief or current expectations of JBI, Inc., and
members of its management as well as the assumptions on which such statements are
based. Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from those
contemplated by such forward-looking statements. The Company undertakes no
obligation to update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to future
operating results.

This news release was distributed by GlobeNewswire, http://www.globenewswire.com

SOURCE: JBI, Inc.
CONTACT:JBI, Inc.
John Bordynuik, President and CEO
[e-mail]
Investor Relations
Katie Matkowski
[e-mail]
[phone]


(C) Copyright 2009 GlobeNewswire, Inc. All rights reserved

[Estimated_Prophet]

Selling QID @19.52, OUCH! Ok, I'm done shorting the market for now. I was wrong, wrong, wrong. Now, the market can tank.

Good consolidation breaking to the upside here. Either it's a great fake, or it is headed much higher.

[Estimated_Prophet]

Looks very toppy, but maybe 9800-10000 can support the correction, we shall see.

[wyobuford]

I've been burned a bit on trying to play the market tops via QID, SRS, etc. It would seem logical that a correction is in store. The DJIA has looked toppy and has had trouble truly hurdling the 10,500 level and the VIX has basically triple bottomed at about 20, which is almost the exact level it was at just prior to the market crash in Oct 2008. I personally won't be buying QID and the like given my woeful track record with QID, but taking profits in long positions in general would be probably wise.





Buford T.

[Estimated_Prophet]

Market energy is wound up here. Could the major correction finally be in order now? If it breaks for new highs, I'll need to cover my short, lick my wound on this trade, and probably just forget about trying to trade it like this for a while. Bears probably shouldn't get excited until the Dow is under around 10k.

[Zardiw]

That link answers all questions....It's all about the CEO.......et z

[techisbest]

zardiw: That link only exemplifies how nascent JBII is. That site only refers to the tape reading business. That site does not yet have a link to P2O.

[Zardiw]

All I can say to that is: http://JohnBordynuik.com ......et z

[techisbest]

zardiw: While the stock is behaving very well, it is yet to be seen how much is magic and how much is reality. Clearly the bet is on this being real right now. But as BRIG said, one day does not a stock make. Neither does one run.

I'm just saying that there have been plenty of stocks that have had good runs only to find out that the promise was bigger than the reality.

Will JBII be different?

JB says P2O is a done deal.

EP certainly believes, so the chances are pretty good. But even EP has been wrong.

It is too early to plant the label of success on JBII, the company.

You've placed your bet and you have been right. So far.

I was in and now I'm out and I admit that I did not expect it to run as hard as it has before confirmation of P2O.

[Zardiw]

Hmmmm....guess my man in the TopHat and coat pulled a rather LARGE bunny out of his hat huh?.......LSFHICS ....(Laughing so f..g hard I can't stop)........lolol........z

[gym gravity]

I am thinking that inflation is really a bigger threat now than it was in 1980 and that the gold inflation adjusted high is a target for the next year or so.

We are supposed to believe that because the biggest banks have done well with the TARP money that all this is over?

I can find a few things nearby that will hurt less, to the person dependent on the dollar, when shoved up one's ass.

The news creates the opportunity for a correction. I figure the 10.2 was good for the carry trade and 10 is good for "well being".

The carry trade is off for a while, while the retail piles on because of signs of life in the economy...the balance is a consolidation culminating with an overly confident consumer for the santa rally. Then all the inflationary fears kick back in sometime after 10.2 is breached again in January and the freakin carry trade rally continues!!!

[Estimated_Prophet]

Hard to say with how fast it has come up. My guess would be it is just a consolidation, and gold/silver will completely bubble out of control before the bull run is over.

[gym gravity]

gold...beginning of consolidation above $1000 or will the parabola resume?

http://www.321gold.com/editorials/chan/chan112609.html

[Estimated_Prophet]

13ema/20ma on the SPX at 1100. We shall see if the market wants to pierce that area, and that might get the bears rolling for a bit, otherwise, same old, same old.

[b9molecule]

Rally may have legs, but beware of Scrooge
NEW YORK (Reuters) – If the bulls have their way, Wall Street's rally will keep going next week on signs of stability in the labor market. But concerns about penny-pinching consumers during the holiday shopping season and the specter of higher interest rates may be a hurdle to jump.
http://news.yahoo.com/s/nm/20091205/bs_nm/us_column_stocks_outlook


I dont think interest rates are something to worry about this Christmas! Penny pinching consumers is another matter.

[gym gravity]

confident consumers + jingle in their pocket = good xmas season

Participants were also generally pleased by the latest dose of data, which showed that personal income for October increased 0.2% and personal spending for October increased 0.7%. Respective increases of 0.1% and 0.7% had been widely expected.

[Estimated_Prophet]

Just when you start thinking like this, CRASH! Let's see what happens next week. I feel quite strongly we will have a down week, but know that this market can make anyone a fool right now.

[gym gravity]

yeah, did you hear all the bubble-no bubble chatter from all the giants of finance last week? definitely a bubble. don't fight the tape.

most think USD interest rates need to stay near zero for at least a year so I figure blow-off market top sometime may-july... 6 month anticipation.

housing won't recover without low interest, stock market won't go up without low interest, consumers won't consume without low interest, and if the consumers don't consume.... there goes commercial real estate.

as long as the dollar is this cheap, the bubble continues to inflate as people borrow the dollar and buy assetsfor the trade.

[b9molecule]

gym - we tend to underestimate the power of the bull run, even in the face of warnings. All one has to do is look back on the dot-com bubble, or the real estate bubble, for two recent examples. This probably still has some way to go.

[gym gravity]

there you go, sentiment improving...all head and shoulders are erased...higher recent highs on naz, s&p and dow...dollar tested lows again today.

recipe for continued USD carry trade and further market updraft. Blow off top? Parabola? Follow gold.

10:00 am : Stock futures have made an abrupt, though modest, rebound on better-than-expected consumer confidence data. Just ahead of "Black Friday," which immediately follows Thanksgiving and is considered one of the busiest days for retailers, the November Consumer Confidence Index came in at 49.5. That was better than the 47.5 that was widely expected, but down from the 48.7 that had been posted in October.

[Estimated_Prophet]

Goes to show how one day, and your entry are so important. I still need another strong down day to break even on this trade. I made .50 on the last trade, so I may look to just break even with the two trades, if given the opportunity. If I had just waited one more day, I'd be in the drivers seat. Now, I may miss a strong correction, as I just don't feel good about the position. I think the Dow has a good shot at losing another 150 point, but we'll see how the 13ema does, but not wild about going into the low volume week next week.

[gym gravity]

sheesh, every time I open my mouth I'm wrong. I was right about one thing, the low of the day friday was about 10am.

monday retailers started saying positive things, so despite sentiment shoppers are pulling their weight. Sentiment will improve just in time for the holidays.

So the head and shoulders on the naz is gone, all three indices are making new highs. time to focus on the channels, and if you are a bear and you do that you may convince yourself that the dow and s&p are showing a rising wedge, while the naz could still go as high as 2220 before hitting trendline resistance.



http://investorshub.advfn.com/uimage/uploads/2009/11/17/tiqrpScreenHunter_446.jpg



http://investorshub.advfn.com/uimage/uploads/2009/11/17/vjvexScreenHunter_445.jpg

[gym gravity]

wow, nice red high volume day followup to that "tombstone" or "shooting star".

the dollar being high in premarket has the futures jacked.

08:00 am : S&P futures vs fair value: +4.00. Nasdaq futures vs fair value: +5.80. Stock futures are currently off of their highs, but sport a modest lead over fair value, thanks partly to a 0.4% pullback in the Dollar Index. Earnings announcements have been somewhat complementary to this morning's moderately positive tone, too. Disney (DIS) topped the consensus earnings estimate by bringing in an adjusted $0.46 per share for its latest quarter. Nordstrom (JWN) came a bit shy of expectations by bringing in $0.38 per share, but attempted to redeem itself by issuing upside guidance that calls for earnings from $1.83 to $1.88 per share for fiscal 2010. Meanwhile, Abercrombie & Fitch (ANF) posted better-than-expected adjusted earnings of $0.30 per share for its latest quarter. In terms of data, the September Trade Balance is due at the bottom of the hour (8:30 AM ET) and the preliminary consumer sentiment survey from the University of Michigan is due after the open (10:00 AM ET). Separately, Chicago Fed President Evans will be making a speech from Paris (10:30 AM ET).

i think trade ballance data (8:30) is going to be good because cheap dollar favors exports.

consumer sentiment is out today (10am) and I was predicting there would be a bottom in consumer sentiment sometime between back to school and before holiday shopping. this is the one I think it will be lowest.

who knows what the chicago fed president will say, all he has to say is the economy is good and the market will interpret it as posturing to raise rates, sending the dollar up and the markets down.

if I had the stones I would buy an inverse etf at the open or in premarket. (if the futures stay jacked up due to export data)

I think today will be a gap/spike up and fade by 10-10:30.

If the neckline is tested soon it sets up a nice fakeout H&S and bounce to new highs for Santa/January, or a bigger fall, but I think as long as there are these repeated 5% corrections this market could climb like the last 3/4 of 2003



http://investorshub.advfn.com/uimage/uploads/2009/11/13/iabzrScreenHunter_443.jpg

[gym gravity]

there it is, one of those shooting star doji's

more jobs numbers tomorrow...

[gym gravity]

Well the volume didn't show up and things are going back down...

[gym gravity]

Naz is "doubled up" right now

up .72% while dow and s%p up about .3

the 10.2% unemployment rattled the market a tiny bit and the dollar had a bounce, but because there wasn't a one two punch of back to back negative news, bears can't get traction so as long as countries are saying "we're not ready to turn off stimulus" intest rates will be low. I think only India is the only coutry posturing to turn off the faucet.

good economic news in asia today + what I think is a TA rally right now because an 1100 close on the S&P is tempting some buyers, I think as long as we have these frequent 3-5-7% corrections...I count at least 6 on the S&P since May...this can go on for quite a while...

even if the naz turns out to be a head and shoulders I think it won't be a major one. everything looks too much like 2003.

[gym gravity]

I think I have to put my bear hat on for a day or two if I want to be consistant for what I have been shouting, " the naz is leading the rest of the market" the naz was going up a day before the other indicies would shift and it would go down a day or two before the rest would shift bear.

naz has the deepest head and shoulders, dow punched new highs, s$p is somewhere in between. if the naz is leading, s&p are a few days or weeks behind and will follow down.

today the naz is red and the other two are green. so watch the naz form a nice shoulder as it hovers around 2155 or so and the "less tech" markets wait higher for "the signal".

when the naz doubles up in the opposite direction, the correction is over.

[Jamar_Grip]

Holey Cow. It sure is getting difficult for me to maintain my bearishness. Starting to wonder if it is me that is Looney Tunes. Sure we all know there will be at least a 20% correction! But maybe the damn thing will come from 12,000 back to 10,000.

IN the meantime the goons are destroying my currency and forcing me to spend these worthless pieces of crap on something, anything, just don't save your money you fools!

HOLE BUTTS!

[gym gravity]

here you go...gapped up on low volume back to this second shoulder. Every reason in the world for this to fall soon...



http://investorshub.advfn.com/uimage/uploads/2009/11/9/ewbxxScreenHunter_436.jpg

[Estimated_Prophet]

Damn! Should have waited. Will probably add more, eventually.

[Estimated_Prophet]

I'm not saying you short here and hold forever. I just think if the market moves much higher, a consolidation will first need to occur. Sure, I could be wrong, it's just my opinion. Thanks for the definition, I'll put that in my pocket.

[gym gravity]

did you have similar opinions in 2003?

I wasn't in the market then, but basically there was a 4 year recovery from the techbubbleburst-9/11 crash after a V bottom.

It was long, and slow, and steady, as once the naz hit 2000 in approximately nov 2003, it took until oct of 07 to climb another 859 points.

"wall of worry" they call it.

[Estimated_Prophet]

The market has come so far, so quick. Any rally should be short lived, and correct hard.

Could be wrong, but I think here and higher is good short territory.

Gold is in the breakout of all breakouts. Could get funky. I predicted $1200 minimum, most likely 1300, and it could get out of control.

[gym gravity]

"1800 to 2020"

dollar pressing downwards again now that trading has resumed.

how long will the market "inflate" due to dollar devaluation?

gold back over $1100 right about this minute 10:02pm sunday night.

what economic news is due tomorrow?

now that 85% of the S&P has reported and about 50% of them has beat, the market is going to follow economic data very closely again. friday 10.2% was a kick to the groin and while people talked themselves out of fear "it's a lagging indicator"... my thoughts are, the next time there are two or three back to back negative suprises in economic data, that sets up the for the next correction.

otherwise, last time the $comp got back above the 50sma it gapped and ran from 1800 to 2020.

[Jamar_Grip]

http://www.bloomberg.com/apps/news?pid=20603037&sid=aM8qSYZVTZ6o

[gym gravity]

the dollar has tried to go down through 75.5 three times today. wherever that ends up tells the inverse of whether your short is good or not.

[Estimated_Prophet]

5% QID taken at 22.40. I'll take some more, eventually.

[Estimated_Prophet]

Short today or Monday? Hmmmmmm.

[Estimated_Prophet]

But, but, but, it's a lagging indicator. The quick cost cutting measures by corporations has lead them back to strong profitability that they will fuel the coming new jobs just around the corner.

Hey, it's plausible, and just believable enough. Second stimulus program, and stability of current companies may have this bull cycle lasting a little longer than us bears first anticipated.

[Jamar_Grip]

This morning when my radio alarm went off, I heard this statement from some Goon regarding the unemployment figure exceeding 10%:

"The unemployment number went over 10.2% becuase the job market is so strong right now that it's drawing people who had dropped out of the job market back to seeking jobs."

I could make so many sarcastic statements about the above quote, but I am sure these are just too obvious.

[Estimated_Prophet]

It's been so long since I have read the exacts, but you are probably correct.

[gym gravity]

I always thought the first shoulder had the highest vol.

[Estimated_Prophet]

I was looking at the Dow, but you are right, the Nasdaq does qualify. The head is suppose to break the current trend, which doesn't occur on the Dow. Volume is suppose to be the largest in the head section as well, which doesn't really qualify on the compq. I wouldn't worry about that though. I always worry that head and shoulders are fakes, because they are THE formation that almost everyone knows about.

[gym gravity]

5) breaking 10% unemployment (10.2% actually) today could be the back-breaking straw and maybe the neckline will be snagged sooner...like today.

[gym gravity]

I wanted to add this to the last post:

In this chart, I see a few cases that chartists might be looking at.

1)go up to about 2167 in a week or so, then back to the neckline by the end of nov. Then break the neckline and shoot down to test the gap at 1800 by mid december. Santa clause brings it back sharply from there. january continues to be strong and the market climbs at a slow, steady pace like '03 to '08

2)go up to 2167, hover for a few days and fry a few shorts when it gaps up again...last 13/50 kiss was good for 463 points. Hit a big 2551 or 2861 double top in january. This would draw in every last penny of "on the sidelines money" trying to chase the "green january = green year" statistic. The market will then remain range bound between 2190 and the new top for a whole year to consolidate.

3)go up to 2167, hover for a few days, fry a few shorts, and tap a double top on 2190. Close the gap to 1800 and bounce back with Santa Clause/January effect. Resume healthy climb.

4)go up to 2167, then up through 2190, then keep going and never close the gap to 1800.

[gym gravity]

what's the true definition of head and shoulders, and why doesn't it apply here?



http://investorshub.advfn.com/uimage/uploads/2009/11/6/mjfjsScreenHunter_435.jpg

[Jamar_Grip]

Yea I could see a double top as well being likely. I tell you the thing I really undersetimate is the stupidity of the masses. All these people blindly listen to these so-called "financial advisors" who all have the same desire, which is too just get assets under management. The advisor must tell people to "get in", "stay in" and "never get out" to keep their fat paycheck. The masses are a combination of dumb, gullible and just too busy to do anything but listen to the advisor, who is thought to possess some sort of knowledge about the future. Over the last 30 years it has been shown that profits at financial services firms have increased significantly, while average returns for the investor have stagnated, and adjusted for inflation, in real terms are simply flat. Normalized long term returns have simply been redistributed to Wall Street.

A rational person understands this and therefore struggles with the insanity of buying into this hype, however, if insanity is the word of the day, then the sane become the insane for not following along with the herd. There is safety in numbers even if the herd is running in the wrong direction.

Clearly what is happening now is just another carry-trade, this time using the US dollar. Borrow at 0% and buy risky assets. My problem and most of main street for that matter is that I/we can't borrow money this time. The ones who can borrow are the ones who were either bailed out, or don't need to borrow and therefore are allowed to borrow all the free money they want.

Thats my rant.

[Estimated_Prophet]

I am thinking more of a double topish type of move here. I guess a true head and shoulder is out of the question, if you take the true definition of one. I will look to re-enter my QID tomorrow.

What b9 posted yesterday is probably why the bears resolve is being tested so hard. Everyone that missed the market is now deciding to get back in. You and I say, we are about out of greater fools. Who knows, maybe we are?