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Message: FB and Whipsaw

FB and Whipsaw

posted on Oct 22, 2008 06:03AM

I think I finally understand what "whipsaw" means and how it feels. Ouch!

This market is crazy.. up 400... down 200.. down 300.. ... I tell you gang... if this market cannot stabilize, we could have a lack of confidence crescendo that ends in a very bad way. Most people are paying attention to the tape now and the longer the tape stays down, the longer it will take confidence to rebuild the tape. Earnings season is here and it is like the market is "surprised" at the numbers? Get real. Even I could tell from my chair that the numbers were going to be awful.

Maybe the article from Diabullic is right on target.. The aim is to drive the market down so low that the guys on the street(you and me) will sell and the rich and powerful will have bought up most of the companies at rock bottom prices to further widen gap between rich and poor. Sorry.. can't have my shares now. I may be eating rice and beans, but you can't have my shares.

SilverNut

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