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Thread: A great article by Martin Armstrong

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    Default A great article by Martin Armstrong

    to predict the future, we need to understand the past...

    http://jsmineset.com/index.php/2009/...eral-equities/

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    Default Re: A great article by Martin Armstrong

    and this guy says stocks will rally into this summer before they collapse:

    "NYMO has a coil formation, higher lows each time market sells off, this formation should eventually break out to the upside, which is inline with my current forecast for a high in early July for the markets." :

    http://3.bp.blogspot.com/_1I-w9Gxl9m...ng+bullish.gif

    and his blog:

    http://marketvisions.blogspot.com/

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    Default Re: A great article by Martin Armstrong



    The 'smart money' will probably tell you that the current market is in about the same place as the 'great depression' market graph was in the spring of 1931 ! We're down almost 50% from recent market highs despite some significang bear market rallies ... but with each rally failing to a 'new low' ... and with a whole bunch of additional downside being a distinct possibility.

    The same 'smart money' will probably tell you that the three true reasons for this most recent bear market rally are A. a change in FASB which now allows banks and corporations to escape having to book 'mark to market' losses on MBS / derivatives contracts ( which still represent the same risks of loss but basically no longer have to be accounted for), B. large financial institutions / hedge funds etc. trading shares amongst themselves in order to pump up prices of shares they have been holding for a while (in hopes of 'distribution' to individual investors at a profit), and C. the US gov't / taxpayer providing extremely low cost capital to SOME SELECT companies which the FED / congress has decided to bail out (creating very favorable interest rate spreads / resulting profits).

    As to personally profiting from bear market rallies, timing is everything !!!

    ~
    Last edited by Melonie; 04-19-2009 at 05:31 AM.

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