"lil George "W" wanted me to remind all you readers that the Ides of March are almost upon us
and this can be a very dangerous time of year. For one thing, If you wake up on Mar 15th and
haven't wished me a Happy Birthday it could ruin your whole day! But perhaps more important
to some the stock market is entering a perilous phase. Today marked the 2 year anniversary of
the "BULL MARKET" .... engineered by "Helicopter Ben Bernanke" also known as the Captain
of the good ship "QE2" which "W" defines as printing money. The other problem that is about
to suprise investors in stocks is something called PIK BONDS ... which are a way to invest
in loans to company that allows the company to look like it has less debt than it really does!
These bonds are very risky and they have climbed to sky high levels since last July. They
started to turn down last months and when the stampede for the exits begins a lot of companies
are going to look a lot less healthy than their quarterly profits have been showing. Tomorrow
could be a key day. If the S&P futures close below 1296 it could be a fast trip to 1255. Europe
and Japan are making big plunges tonite on fears related to oil.
George "W" says watch Mar 19th for a potential devastating earthquake and again the time
period around April 19th for big events in terms of the Arab Revolution and Unity. against Isreal
and the West. George "W" says he expects the market to fall to 4500 to 5000 this year!
If you forgot my birthday big deal... But don't forget George "W"s... it's April 7th!
GWB
Great Post GWB! Your owner
ReplyDeleteWow lil GBW! The huge EQ hit before you said, but great prediction! How do you do?
ReplyDelete