This isn't a mutual fund investor market this time(by mannfm11)

We are going to have a 1973-1975 recession this time, a total shock toa new generation that has never seen a real recession. The Dow rangeddown to 572 from 1051 if my memory serves me correctly.

Theinteresting thing here is the double bottom that I think we might see.That would set up a flat which would indicate a high degree wave 4.Whether it would be a long term correction or finish there is somethingto be resolved over the next 10 years. Risk is adjusting and it isgoing to adjust for a long time. The profitablity of banking is farinto the future this time, as finances have lost their traction. Wearen't going higher this time.

There is a lot hanging on thestock market. This isn't a mutual fund investor market this time. It ishedge funds swinging the market. They are all in and they are the mainplayers at the table and they don't have anyone to sell to or for thatmatter buy. In fact, they and the market makers are the same. Pogo saidwe have met the enemy and he is us and in this case, it is the truth.If they thought they could squeeze the shorts this time, the best theycould squeeze out of them was a portion of what was short. They stillhave all these excessive longs they are going to have to liquidate.

Marketsare really strange in this matter. The buyers have to sell in order toform a bottom. In this case, the holders of stock are bankrupts. Ithink we all have to hope we can become bulls at around Dow 7000, asthe alternative is what goldie posted above. We are going to see thatprice damn fast this time, Maui fast.