No offense to your comments, but here goes:
A plethora of full agreement replies. Yes, good writing but somehow still it brings to mind Guinness' animation commercials where two eccentric scientists are complimenting one another's ideas as "brilliant!"
The plethora of full agreement did NOT come from good writing and did NOT come from good ideas. The plethora of agreement came because I stated the facts correctly & gave a correct overview of our thoughts. Not my thoughts, our thoughts.
My problem with this board is that there is an excess of self righteousness toward any sign that the economy will be taking us back to the stone ages
We have 3 owners of businesses here who have NOT sold out their business interests in anticipation of the stone ages. We have a career trader (Nick) who continues to go long, is successful, & tells you his every move... we have a poster with real estate interests who surveys that landscape & who will buy properties or make investments at the bottom with full intention of profiting (how could he profit in a stone age environment?)
Why has this board become a bear only zone? Why are so few bulls still wring here?... it used to be one of the best boards on IHUB... What bull is gone? Everyone is still here except for BPrice (whom we miss dearly).
You are welcome to read my post of April 29 (# 48680) but here's what was important (and I would RE WRITE the same information TODAY): "... I've reviewed 3 of my best chartists & read their interpretations. The best assessment I got was the attraction of prices (in this upturn) to be pulled by a Dow level of 9000-9655 and an S&P level at 1000. Prices should NOT exceed those levels, but rather are "attracted" to those levels. Of course, an upturn can stop shy of those levels.
Once that push upward finds its exhaustion, a pretty doggone tough downturn will commence. This is probably why every studious reader of the market knows that the bear trap is in play. Precisely said in the previous post, the High Risk Takers are propelling the upturn and will, as they normally do, cause low-risk folks to move assets from safe havens & put it back to work in the market.
What would be the benefit enjoying this upturn investment-wise and then arguing on this forum that it is permanent? Would that make people like us better?
Bye bye, I haven't read that anyone here missed the upturn. Even the commodity plays are working out...
I just don't agree with your perspective about this board. That's okay. Since you are putting your homemade tombstone on this board, my thought is that it is made of a composite and will not stand the test of time. I will say now, since you might never read here again, that I hope you come out okay (in the longrun) with your GM bonds. This not tongue-in-cheek, it is sincere.
