Dead Cat Bounce?

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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SnugTheJoiner

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Dead Cat Bounce?

posted on Mar 17, 2008 11:28AM

I think the TSX is actually displaying more truth in its numbers than the DJIA. NOT and the McFaulds' plays are doing relatively well. In fact, for the bold it's time to buy.

Unfortunately the FED in the US is doing everything it can to staunch the flow of red ink, but the collateralize debt problem caused by subprime mortgages evident in the failure of Bear Stearns is very, very large.

I believe today's action on the DJIA is a "dead cat bounce" - everyone's euphoric that Lehman Brothers hasn't tanked yet - and tomorrow we may see the real DJIA.

Just my guess.

Snug

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