Dow 8500

Well, I called it yesterday "by the end of 2008" and it is here today.

I got to admit, for the first time since this whole debacle started, I am scared.

I do not believe this is the end of delevering either, the shadow banking beast is continuing its epic run. The Hedge Funds, the regular funds are all facing massive redemptions and are barfing in the markets. You know when you are really drunk and you just barf and barf and barf sitting miserably by the toilet? wishing you were dead?

It cannot go on for ever. I am sort of ready, I was joking at dinner with friends that if it gets to 8500 i would go back in... then it hit 8500. I am going to leg back in and see what happens to my leg.

Comments

Jean-Luc Vanhulst said…
What if you see 7999 tomorrow .... :)
October 9, 2008 at 7:42:00 PM PDT
pcleddy said…
http://mikeruppert.blogspot.com/2008/10/ctigroup-update.html
October 9, 2008 at 10:39:00 PM PDT
adt43wt342 said…
Jean Luc,

it is here today... dow 8000 this morning. Some stabilization, not holding my breath.
October 10, 2008 at 7:02:00 AM PDT
adt43wt342 said…
PCLeddy,

thanks for the post. Yeah I am getting back in, but not right now, nor tomorrow. Got my GS guy to send me a list of bluechips that I will be looking at.
October 10, 2008 at 7:05:00 AM PDT
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