Massive selling ahead

I speak to investors, many claim to have made money in the downturn. Most claim to be breaking even. This can not be true on an aggregated scale. People ARE loosing money massively. A few short sellers are making money, they are few and far between. This massive lying and deceit tells me that the final capitulation is still some time off. There will be panic. The lying face can only last for so long. Probably the bulk of the lying will end when the 2008 books and RIS tax returns has to be delivered in early 2009. That is when people will realize how bad it is from running the numbers. The final panic capitulation selling might not come until late 2008 or early 2009. December 2008 could bring about massive selling.

Share
This entry was posted in Uncategorized. Bookmark the permalink. Both comments and trackbacks are currently closed.