NeoWave strikes

  • Avatar

    Posted: 25 February 2011 05:46 AM

    Buy the dip.  Snippet:

    Applying NEoWave?s advanced market confirmation techniques, Mr. Neely explains that today?s collapse confirms the end of an old pattern and the start of a new one. This new pattern suggests a 1- to 2-year bear market has begun and will likely result in a 30+% drop in market valuation. ...

    Instead of financial institutions and real estate markets being devastated, Mr. Neely suspects the most likely justification for this future market decline will be severe financial problems for federal, state and local governments. The result could be local and national transportation disruptions, public service problems and government employee layoffs around the country. Other circumstances that might justify a 30+% decline in the stock market could be a substantial increase in the cost of energy or a drastic increase in the value of the U.S. dollar (i.e. deflation).

    Signature

    Stay Hungry. Stay Foolish.  - Steve Jobs