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Re: GLENO34 post# 19019

Friday, 10/09/2009 11:47:33 AM

Friday, October 09, 2009 11:47:33 AM

Post# of 31925
My system has been screaming Short on an IT basis for a while, but recognizing reality, has been mostly in Cash until something smacks the market in the head with a 2x4 that all is not well in the Obamanation. Since July, the prop job by the Fed has been relentless, and they are on record as saying they will do it for as long as it takes the economy to recover, so on that basis, I don't think a trip back to the basement any time soon is in the cards for any person capable of rational thought. Longer term, I think their strategy will fail, and when they are forced by bigger concerns (i.e. an imploding dollar) to lighten up the balance sheet, only then will we have a "fair" market again. It is hard to make your marbles go in the holes when someone keeps tilting the table on you.

Kind regards,
-CAPT J

"What would you attempt to do if you knew you could not fail?"

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