Uncle Wally Says Buybuybuy

Maybe Uncle Wally should say bye bye bye, but he won’t. He’ll be back on your screen soon, as the market breaks down into the road to hell. Just like 2008, you’ll see the most amazing stick saves and record short squeezes with the market moving up into a counter trend frenzy with the sycophants chanting praise to the Oracle from Omaha for saving their stock investments. He’s a little older and little more worn from his global jet-setting trying to help all of the “little people” become rich in the greatest stock market game ever! Even a cynical curmudgeon like myself finds himself stopping to watch the famous carnival barker shill for the bankers. How can you resists his warm, genuine, charms? After all he’s RICH!

This time will be different. This time they won’t let the market crash like the last two bear markets in 2000 and 2008. This time they won’t let fear enter into the equation like 2008 when we began to find out that banks were levered 100:1 on subprime loans. This time we have taken important steps to prevent just such an occurrence. For instance this time we’ve levered up on student loans. We’ve levered up on sub-prime auto loans. We’ve levered up on shale oil drilling all over North America. We’ve levered up on Biotechnology. We’ve levered up on electric cars. We’ve levered up on Solar and Wind energy. But best of all……we are going to make sure that NO big bank has to show us any losses this time. This time we have already told the banks that “Mark to Fantasy” isn’t even necessary…..just quietly keep it off your books. Tell your bankrupt clients just to start selling their pieces off to anyone that’ll throw um a buck and you’ll take any dime they give you. Great game ain’t it? Just one problem folks……it ain’t gonna work. Oh maybe for a quarter or two they will be able to stop the bleeding, but this is an age old game that never has worked, and the reason is simple. CONfidence. Once you lose the CONfidence game you can’t put it back and they’re losing it big time.

Those of you that want to play the big casino, be advised the time is running out fast. Enjoy the big move up coming soon. Remember in August when the market cracked and I had told you we had CONfirmed a new Primary Bear and I told you get ready for a big squeeze and we got three months of bliss with it looking like they just might make new highs and violate the Primary Bear call??? Remember? Well they didn’t. This time they’ll squeeze again and cast doubts on the Bear. Don’t fall for it. Take some time out and reassess your preps…….whatever they are……Time is precious and I enjoy the reparte but this is not going to be funny much longer. At least we won’t be able to pretend we’re laughing much longer. gl