Friday, October 10, 2008

Friends of the Devils can't save you: Sell on Rebound

I really don't know what the high level officials in our world are doing to help us to fight against this financial crisis. None of the actions like interest rate cuts and injecting printed paper money into the banks have helped. So please don't expect anything from the G7 or G** urgent meeting.

They have been telling us that the crisis is that banks are not lending! But this is not what we are sensing in our real world. The crises that I can see are:

  • Everything is falling whether assets of good value or not.
  • The over-speculations, leveraging and risky housing and credit transactions are creating unending process of selloff in all markets.
  • No sensible lender will lend money to anyone caught or may be indirectly caught by such financial tsunami.
  • Ordinary people in the street cannot trust the banks anymore and they have to get their deposits and assets out from the banks in order to protect themselves and feel safe.
  • The devils in Wall Street and their friends are too hungry for blood and they have no choice but to suck blood from all markets whether stock, bond, housing, currency, commodity or ...
  • No buyer can be immune from this unending free fall and that is making it quite impossible to stop the sky falling! Look at our Warren Buffett's bold investments in GS and GE and see the losses in the share price of these companies now. Look at the agricultural products, Chinese stocks, etc., that Jim Roger has been buying and see the falling prices now.
  • Clearly the markets are now out of control and taken over by the devils and their friends.
  • Once short selling is revived, we immediately see the DOW plunging to historic low!

I imagine what our powerful high officials should think about is how to do something to help and mobilize the genuine and honest investors including lenders in the world to fight against the devils in Wall Street and their friends. But clearly this is precisely NOT what these officials are doing or want to do to help! They want to help the devils in Wall Street so that the devils will save us. My God, isn't our world really crazy?

Dear comrades, since we are betrayed, we must fight back. But don't be clever and don't fish for the bottom. There are only blackholes going to Hell waiting for you and it is only when you fight against the blackholes and the devils coming out of it, you may have a hope to restore our world to light and blue sky!

Sell on Rebound, my friends and don't be clever to fish for the bottom!

God, if you can help us, please help us now!

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