page contents Your Financial Blogger: May 2010

Thursday, May 6, 2010

DOW plunges nearly 1,000 points. Top Call Nailed!!!

I haven't been posting much but I wanted to say that from April 18-22 I said that THE top was in. Even though the SPY managed to trade up about $1-$2 more, I was convinced that we have seen THE top.

With the DOW plunging as much as it did today...my only tips for you guys are:

1)Begin shorting
2)Unless more bailouts are coming to wall street. the DOW is destined for 3500-5000.
3)The only scenarios for the US are: depression or hyperinflation. If Wall St. doesn't get bailed out, we will go into depression. If wall st. does get bailed out, hyperinflation will sink in.

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