Washington DC, 12AM, 10/30/2008:
BUT I am afraid there WILL NOT BE EITHER IN THE NEXT FEW MONTHS IF HALF THE COUNTRIES IN THE WORLD COLLAPSE AND BY IMPLICATION WE, AS WELL.
The last chance US government has, short of declaring WHO IS GUILTY and FORCED OPEN the TOXIC ASSET to the open, is to ANNOUNCE AN UNLIMITED SUPPORT OF USD LIQUIDITY FOR EVERYONE WHO NEEDS IT. EVERYONE, ESPECIALLY SOVEREIGN, PREFERRABLY BY TOMORROW.
DON'T DO THIS, AND YOU WILL SEE EXACTLY WHAT I MEAN.
Signed,
Mtgspy, Your Humble Servant
The right enemy
12 years ago
7 comments:
i thought they already did with the swap thingy ?
If they dont do what ever you are saying they should, are you going to go short ? will S&P test 2002/3 lows ?
That trial balloon of $120B went well, so they will do it with the rest of the world for a really good amount this time. Plus Japan is gonna pound the yen to oblivion, they should just hand buckets of money to everyone visiting Narita airport. That will solve the problem a bit more timely.
Give up your bearishness Mr. Spy. The crisis is over for many months now. The next crisis will be a new storm, and we do not know its nature until we see which asset classes are inflated in the next rally.
Here is another way of argument - do you (or others in SF) see SPX rise to 1300 any time soon? Not really. Current psychological state is that the upside is limited and downside is unlimited. So, shorting is the safer play from any level.
Until that psychology changes and bears have something to fear about, the market will continue to side with bulls.
In the commodity land, the sentiment is so extreme that any further decline is hard to expect. For price to drop sharply, some bagholders need to sell. If all bagholders are out, where will the next decline come from?
I have noticed increasing aberrant behavior and usage of capitalized letters ever since the owner of this blog was awarded the TF Order of the Gold Star. I am very worried. May need to exit sooner.
What part of my post is bearish Greenie?
The US govt is about to give free US$ to everyone, along with Japan's.
Yes, alcan, I have been very stressed out. I realized that I also WANT a way out of this, IN THE SAME DIRECTION as the bulls in the end. Can you imagine what I'd be thinking otherwise? :D
Post a Comment