The wheels are about to fall off of this market. I see you sitting there in that garbage man’s chair from SPLS, thinking, “aww come on Fly, the market is gonna go up. Cocaine gorillas in the mist.”
Wrong fucked face.
The market isn’t going to “go up” because it’s heading down.
I’ve seen the future and there are lower stock prices in it. The republicans have nothing to lose but the legacy and job approval rating of their sitting President. We are going OVER the fiscal cliff, AND MORE. You wait and see. It’s going to be a shit show. Not only that, the elections are over and earnings season was for shit. The Fed is going to ease up on the gas because Obama is already in. Why exert themselves, now that their jobs are secure?
I kid you not, but it’s entirely possible that we can be entering an irreversible downtrend, one that will sting for decades. I am talking about 4,000 points lower from here, based upon a mandatory compression in price earnings multiples as taxes rise.
Knowing the Fed likes to keep things calm, it’s also very possible that none of these crazy, half-cocked, ideas pan out– but they should. That’s what’s important to remember: the fundamentals. We deserve to go lower. Everyone knows it. Yet here were are, hanging in the 12,000′s and people are bitching and moaning. YOU THINK THIS IS HARD? YOU DON’T KNOW WHAT PAIN IS.
Pain is 1997, 1998, 2001 and 2008. Prepare for more pain, immediately.