surprise surprise we went down...warning late last week ST top forming...dumped 90% of longs late last week...just temporary though...charts show a ST top and Bernanke fills his dunce role right on cue today.
The big one will be late this year or early next year when he officially ends QE3 but by then, I am sure Goldman Sachs will be fully short the market....then the real fun starts...
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I predicted the crash in late 07'...called that real estate bubble in 05' and MBS/CDS meltdown too in early 08'.
Think about this, you see how the tip jar is kinda full when you go into Starbucks right now(take a close look ok), I will bet by next fall it will only have change in it and there will be no dollar bills like you are seeing right now....
We are seeing a massive megaphone pattern over the past 15 years and we will get that overthrow into super bullish territory before the next big selloff...not sure if it will be full on crash or just a major bear, stay tuned.