Monday, November 13, 2006

 

Closing Comments

That's it. I am predicting, right here--right now, a top in the market. When the fucking shitbag Chinese stocks start going up, you know people don't know what the fuck they are doing. They are just randomly speculating in letters with numbers. Assholes.

Come on. One day gains in CAAS, CLWT, CHDX, CTDC, CHNR, CYD and CEDA are unnatural and unsustainable.

This week is a big one for economic data. Therefore, before following my "market top" call, wait for the data to confirm weaker-than-expected growth.

Aside from Chinese stocks, it was a strong session. The Semi's were very strong and so were Airlines, Trannies and Software. The only notable sector that took the day off were the Retailers.

However, no need to worry. MA has assured us that America is fucking digging their debt grave a little deeper, in order to buy shiny, new Ipod's and Flat screen T.V.'s. Obviously, a must have for a decadent society.

Cheers.

Comments:
You mean you just realized that:

"people don't know what the fuck they are doing. They are just randomly speculating in letters with numbers."

QUICK ALERT: this describes the stock market since about 1995, I believe. A virtual (in every sense of the word) wealth creation and destruction machine.
 
"I believe. A virtual (in every sense of the word) wealth creation and destruction machine."

I like that.
 
Maybe the Chinese Central Bank has decided to quit buying US Treasuries and buy Chinese stocks instead. Amazing.
 
I think the idea is to buy any stock that starts with C. And if there's a H,I,N,orA in the symbol then it's a bonus.
 
I saw a UFO fly back into space... dip buyers leaving?
 
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