Thursday, March 27, 2008

The Market As I See It

I understand, the bulls are hopeful with dreams of bottoms, the media has them thinking that the worst is over. Well I'm going to go out on a limb here and put it bluntly.

THERE IS NO FUCKING WAY IT IS OVER.

This is not a "correction" it's a full fledged bear market, with the possibility of being worse than the last. I recently posted the following on Wallstreak

It's a bear market dude. What goes up must come down, investment means forgoing consumption, except no one has, so now America is pretty well leveraged to the hilt and as the leverage unwinds all the assets bought with it must be sold. This is going to drive down the price of most equities. When combined with the dismal economic outlook you've got a double whammy. The fed, treasury, and media are trying to sugar coat it so people don't realize it all at once and panic into a crash. But really, how could anyone justify a resumption of the bull market here?

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