< All that will have to wait until the economy and the markets are in better shape, if ever.> the only, the ONLY thing that can change this is(IMO), and i mean this, a great depression; an improving market DEPENDS on the ruse continuing
, only a an absolute cataclysm can change things, i have a 50/50 call, a cataclysm is in are future---great depression by 2009 is NOT, in any way an impossibility.
I see the biderman interview is unavailable now unless you register for a free trial, which i did just listen to it again, and memorize.
Last i knew it cost 2,000 dollars a month to have access to realtime TrimTabs data so this was an excellent opportunity to get the most recent data and opinion from Biderman, the trimtab bossman.
In summation he has a powerful case we have a 20-25% correction close at hand.
He does not follow fundamentals nor TA, but simply liquidity, supply/demand and who's money is doing what.
One key question he answered on being asked about the fact that there is still a ton of money on the sidelines, and he said, do you think these sideliners that have watched this go up are about move in now? Biderman was being sarcastic.
I am one of those sideliners and i feel i represent the majority of those sideliners, and there is NO way i jump in now.
He says corporate insider selling is massive as PFs MFs Foreign money is coming in.
He states that historically Foreign Money is as stupid as Pension Fund money.
Stock supply is shooting up as Corporations are dumping and dumping shares on the market, he states only March 2000 matches up with what is happening now.
he said that the state of Illinois PF SELLING 10million dollars in Bonds to buy 10 million dollars in equities is a classic topping action.
The fact the margin debt is escalating etc etc, i can go on and on.
He sees a pullback to March 2003 lows, from wherever the exact top is in--he says with GREED maxing we could still go possibly higher, but the turning is close.
He sees a post March 2000 pattern---for that i just say look to the charts, DOWN, UP, DOWN.
March 2000 initial sell-off was 20/25%.
In simplest terms, corporations are selling hand over fist stock they hold and also are putting out new offerings that are being bought up fast.. Classic RED FLAG!. GD