One other important thing I heard an intelligent person say yesterday.
Steve Liesman said "Right now there's 2 kinds of hedgefunds. Those forced to sell because of redemptions, and those that WILL BE selling because of redemptions."
I'm expecting the bottom to fall out VERY SOON, and it'll come most likely when the Dow breaks the last bottom close just over 8000 on that day when the intraday low was around 7750ish.
That will, IMO, be the final CAPITULATION SELLOFF and will signal not only the NEARING OF THE BOTTOM(no big immediate rebound however) in the market but also the turn in the silver/dollar/inflation scenario that we've been talking about and when we want to get more aggressive in our buying of silver.
I'm going to have as much dry powder on hand in the next 1-2 weeks as I possibly can and watch/listen carefully for the signals of the BIG TURN that appears to be coming soon.
On the monthly chart I saw, the turn looked sharper than it will on a weekly or daily chart, so I expect to have plenty of time to make the move when it comes, and it'll almost certainly be a tentative and somewhat 'bumpy' turn at least as it'll appear on a daily/weekly chart while folks get more comfortable with the idea.
McGRANDPA's choice of Palin for VP was irresponsible, dangerous and an insult to Americans. By that choice and his continuing evil he's proving he'll do anything to win this election even to the point of endangering his own country. DEFEAT HIM!
McBUSHIE'S choice of Palin was irresponsible, dangerous and insulting to America's intelligence. That choice and his continuing smears/lies prove he'll do anything to win this election even to the point of endangering his own country.DEFEAT HIM!
