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Sunday, 01/17/2016 6:32:54 AM

Sunday, January 17, 2016 6:32:54 AM

Post# of 15799
DG, do like your pun "bottom line". SW Florida isn't the global scepter of economic growth.Take your snowbird affect out of Florida and you'll understand my statement.I follow the bouncing ball. I've just read that Sears and Macy's are as well, closing many stores across the country.They are calling it the Amazon affect but I'm calling it something more systemic than that.Its the contraction affect. People that are saving money on gasoline are not spending it, they are paying down debt now that interest rates are going up.I know all about Opko's bottom lines etc. When you have a global contagion rippling through causing adverse affects on markets, all fundamentals that you can think of to right the ship, don't mean squat to an investor that is watching there monthly statement of 401k's being total eviscerated.Cash is King in a bear market.You don't bottom fish in bear markets.You must understand that this is not a mere correction. When you have just about every indices in bear market territory, primarily the DOW Industrials, Russell 5000, CRB index, Dow Transports etc. hedge funds are getting cremated and must be held accountable to there investors and its very difficult for them to quickly liquidate that's why you see this huge blood letting event unfolding each day. They sell into every strength that evolves at the start of any session that goes into the green.I've seen this happen many times in my life time and I'm hoping that you don't get hurt by this calamitous event unfolding.
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