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why are so many bulls in denial of their own mantra 'trend is your friend'?heck pb's great ponzi is like a gigantic rail road crossing with lights and bells,,,,,,,the easy money for even a newbie was to buy any atm put for 'next month' until you figure out the game.
ps-- we are not oversold,, we are in a new neighborhood,, bulls have this idea that you can drive a car in a circle and be happy forever,,, but the market is made up of many different people all trading in different patterns,, ignoring the trend is down,, most sectors are simply out of favor,,,,,,,,,i cant remember who was telling me in the early part of the year that the $usd was about to crash,,,,,,,,,,,i saw the current chart,,,,,,,,,,,it is and was telling you that alot of people are blowing smoke about their ability to get their hands on actual piles of cash,, all of their 'cash' was actually digital stocks' based on the multi year (decades) belief that a greater sucker can be found. everytime a ship pulls into houston,, it has a CTM order,,,,,,,that is $20,000 to $80,000 to be delivered upon arrival,,,,,,,,,, but some ships wont accept any bills with 1996 on them (crazy 3rd world beliefs),,,,,meantime our actual 'cash' is swimming OUT of the country on a daily basis.
mr b has flushed the markets with CREDIT not actual cash. and as another poster,, i think ron said,, mr b flushed the wrong people with cash and they are loosing their cash 'value' everytime they LEND IT OUT or allow a bank to LEND it out.............as i have said before,, the borrower is the smarter of the 2,, if he is wrong,, big deal,, walk away.
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