Re: July 1 Competition May 16 results

"-DirtBag©" <"-Dirt\"@[EMAIL PROTECTED]
"> wrote in message 
news:482FD67E.3030003@[EMAIL PROTECTED]
> FrediFizzx wrote:
>> "-DirtBag©" <"-Dirt\"@[EMAIL PROTECTED]
"> wrote in message 
>> news:482FAFD7.2060408@[EMAIL PROTECTED]
>>> comics@[EMAIL PROTECTED]
 wrote:
>>>> dirbag is kicking ass and taking no prisoners !
>>>>
>>>> "Arrest the oil commodity speculators for conspiracy to commit 
>>>> "price
>>>> fixing" !
>>>>
>>>
>>>
>>> Thanks for noticing Comics..  I am no Ken Heebner..or Ricky 
>>> Ricardo... but Lucy you need to see this!...
>>>
>>> I know I catch heat for being a little bit cynical about where the 
>>> market is heading.. I think were in a bear market run.  It's legs 
>>> will be cut out of it soon.  China is looking like it may start 
>>> turning downward as a result of catching cold from the USA economy 
>>> and this contagion will spread further.  European homes are loosing 
>>> value now and usa Credit Card CDO's are starting to get hammered... 
>>> round two coming up..  Sorry I just re****t the facts.
>>
>> All that doesn't matter for the markets.  Stock yields are still 
>> beating "safe" bond yields by a decent margin so it is basically 
>> impossible to be in a bear market run.  But see Don's recent post on 
>> decoupling.  Much of the rest of the world is still kickin' butt 
>> pretty good.  I suspect you are focusing on the wrong "facts".  Just 
>> tryin' to be helpful during your doom and gloom. ;-)
>>
>> Just look at the two stock contests; most people are beating the 
>> market with quite a few in the green.  I don't think that would 
>> happen in a real bear market.  Plus out of all the picks in the 2008 
>> game, only one pick was a short.
>>
>> Fred
>
>  What IMHO your missing is that Europe will soon be dealing with a 
> similar situation that happened here with RE Values.  Devalued housing 
> and the financial derivatives backing the mortgages loosing their AA 
> BB ratings as what took place here with BSC will ignite a new round of 
> world financial ciaos soon in housing..  I hope this is not the case 
> but I think we will know soon.. Seems that China will be feeling our 
> pain as we contract and with its market as overblown as it is we could 
> see some serious retracement in China's stock market.  Lets hope I am 
> incorrect.

Err...   China's stock market is way down right now already.  What up? 
China don't give much of a crap about us; the rest of the world is still 
buying.  And where are you getting this info about the European real 
estate market?  I can't find anything that shows a problem at all.  Both 
my global real estate funds are trending up right now.  REITs have 
bottomed also and some are trending up quite hard.

> I will try to think positive.. I am not all about gloom and doom.  But 
> it ain't going to be easy.. hahaha

Well, sometimes it pays to be cautious.  But this really isn't one of 
those times.  I figure if a Democrat gets elected, this bull market 
might have at least another couple years to go.  If McCain wins, I'm 
probably going to pull back some as Republican first years are usually 
disappointing for markets.  It's a total reverse psychology thing.

Fred