I heard an ad on the radio today to check out something on the Internet at www.endofamerica36.com
I just finished listening to some of it. It was getting pretty long, and he was starting to bring in Obama, so I turned it off. But what I heard is certainly scary. And unfortunately it kind of lines up with what I'm seeing in this gigantic head and shoulders in the long-term Dow that could lead to a crash, which could lead to everybody and every governmental entity suddenly being in serious financial trouble, leading to chaos in the streets. I'm kind of embarrassed, but I'll admit it, this is the reason I'm not getting a new cat right now. Things could get unbelievably crazy.
But another thought occurred to me that I'll mention just for a chuckle. I have said to myself that the surest way to get the market to take off to the upside like we've never seen before is to have Obama come on TV to the nation and say, "My fellow Americans, we're in bad shape. In fact, we're in such bad shape that I have decided to invest on the short side so I can make money as the market goes down. And you all should do the same, and we'll all come out of this okay!"
Well, hopefully I have shown that the market goes the opposite of where the money goes, except in a topping mode like we have been for months now. So if millions of people suddenly go short, the market would of course go in the opposite direction and go up, up and away for decades! So maybe this guy at this website is secretly trying to do the one thing that could get us going up, which is create some serious doubt.
Unfortunately, there is very little doubt in the markets right now. Even with the gloom and doom talk that I've heard from a few places, the fact is that right now the market is at unprecedented positive levels. No fear at all. This is what I think will lead to a huge drop in the markets, which will lead to governmental entities that can't pay for anything, chaos.
I pray that I'm wrong, as I've said over and over.
Rob
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What would happen if iran the second largest oil producer in opec announced to the world that they were going to boycott oil exportation for 45 days until the leaders of opec stopped using the US dollar as the buy and sell standard for the oil market.what if they used the excuse that the united states was creating to much unrest in the middle east by always inserting military forces in muslim countries,and that the US dollar was so weak that it would eventually cause a collapse in the oil market,iran can do this because it is known as free trade market,the united states and the united nations cannot force iran to sell its oil.so the question is what would happen if they just announced this,what do you would happen to our market in the blink of an eye.imagine iran not even firing one bullet and destroying our economy. Should we be oil dependent or oil independent. Just something to think about.
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