Those that would be in the know say that there is no end in sight. That means any rise in the current market is a con job. An example of in the know would be packaging companies because they would a first call economic upturn. Well a major cardboard company just went bankrupt. That even shocked me. A leader in shipping say that
nobody knows when a first glimmer will occur. Stock markets generally trade 6 months into the future and that time period is still bleak. CON JOB DAYS are friday and monday because the volume is simply not there to get a
honest market quote. I expect that the stock market will fall to the 1982 Dow of 776. I was a stockbroker then and I got to tell ya that I didn't even know that times were that bad. Hell I was selling 15% interest rate muni bonds; selling all that I wanted to sell. I remember when the stock market reached 3,600 and I said GET OUT!
Well it proceeded to 14,000, but Rubin then ain't that ex citi Rubin now. Summers was in on it too, in fact so was I cause I told Greenspan to load up the rocket with everything ya got and shoot. Well "That's All Folks". Wait a minute, somebody said that copper was starting to bounce around to a positive looking bottom and that is a leading indicator as well. OH MY GOD! copper is also the last on the list of precious metals and if it is begining to rise on that the world as we now know it is coming to and end...You see, we have already reported that gold and silver bars and coins were hard to get so that only leaves real copper pennies to grab. The get out of US Treasuries call appears to have been heeded as they are starting to fall in price. If they start to rise again it means that the US government is printing more dollars to buy them. That con job should only last a fortnight or two...