Did We Miss The Boat? Or Did We Skip Titanic?

Posted by Conrad
September 16, 2009

So the market punched a new high on the year and still, the trend looks distressed. Is this the look of the new Bull market? Do uptrends no longer look straight or parabolic anymore? Or is this “rainbow” shaped trend the new Bull run?

Dow Jones - 15 Sep 09 (AMC)

When I wrote about the Camel’s Backside, I meant it as a light-hearted post but it would seem that the Camel is here to stay! Geez!

I’d like to thank Richard Martin for sending this very interesting video to me. It only puts more muscle on a post I made early in March 2009 on “Survival Of The Fittest”, where I mentioned that all this stimulation and bailing out will lead to no good. This video also ends with one of the best line’s I’ve heard in this business when Gerald Celente refers to the Financial industry as the new mafia. Enjoy …

Here’s another rather scary one … WARNING: Deflationary Collapse Dead Ahead!

Lastly, check out Martin Hutchinson’s posting on;


“The Two Reasons It’s Time To Short U.S. Stocks“

So is it a case of missing the boat? Or did we get lucky to not jump onto Titanic? Only time will tell … and I suspect time is running out – either way.

On the local scene, the new housing measures continue to be the talk on the street. However, opinions differ vastly if these measure will curb rising property prices or if it will spur the industry to greater heights. One thing is for sure – watch the banks and developers come up with some new way to feed the public some radical plan to take advantage of more credit to get around these measures.

Talk about mafia.

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Comments
Comment by Arty on September 16, 2009 @ 11:54 am

Hi Conrad

Your post reminded me of March 09 when all the doom and gloom were there.

And I adopted a contrarian outlook to take a shot into some index ETFs and boy, that was the best gains I ever had.

My opinion is you could be well right on target as too much postive good news are out there while fundamentals didn’t change much at all.

Also one thing I observe today is the Bloomberg article on credit cards defaults well exceeding the worse case scenario. And it will only get worse as total cumulative number of unemployed Americans are on the rise.

Are we looking at “Sub-prime” crisis part II?

I am really amazed by the hype all around us of recent.

Good trading.
Arty

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