Bull Market

Is this a Bull mar­ket or is this sim­ply a cor­rec­tion?

Some seem to think that this is just a short term cor­rec­tion and every­thing will get back to busi­ness as usu­al, but what will that be now that the first time since 1913 Amer­i­ca no longer has a AAA cred­it rat­ing. What we hear from Wash­ing­ton is that the S and P is just wrong, but are they real­ly, ask your­self this ques­tion which one of you would have a per­fect cred­it rat­ing if you owed 97 per­cent of every­thing you make?

So what can we expect tomor­row?

Like­ly more of the same prob­a­bly some seri­ous sell­ing orders will get exe­cut­ed in the AM, some shift­ing to the com­modi­ties mar­kets, will occur, most­ly in Grain, but some oth­ers will see an increase, Over time there should be a short ral­ly, fol­lowed by anoth­er sell off, some are pre­dict­ing a new low in the AM, 10900 but I sus­pect we may not see that right away. The end could be a good 800 point drop, which would be a very seri­ous sit­u­a­tion.

What do we do next?

The end point over the next four weeks, prob­a­bly around 8900 There will be ups and downs and shifts, between mar­kets, how­ev­er, the cur­ren­cy mar­kets will see the biggest drops, over the next six weeks watch out for that issue. One thing that is sig­nif­i­cant here is that this could have all been pre­vent­ed. Back in the day we used to ana­lyze wrecks, we would look at the cir­cum­stances and we would make a judge­ment call on if the acci­dent was pre­ventable or if it was no fault, most of the time it was pre­ventable.

This wreck was pre­ventable and it is inex­cus­able that it was allowed to hap­pen.

What makes it even worse is that this is not the hope and the change that 89 per­cent of the Amer­i­can peo­ple want… So when will we learn? When will the con­gress learn that when some­one says hey your cred­it will be down­grad­ed if we don’t do the right thing.

But they did not lis­ten.

When will they learn?