Bed Time Story

Another “GREEN” finish by $INDU making new high for 2009. A very bullish trend in the market, is it really? We are closing the end of 2009 and my expectation is no major drop in market at least not until we step into 2010. Now don’t take my word for it as I don’t work with either Brother Ben or those greedy wall st. bustards. You can call this my mental masturbation. My expectation is we will slowly melt higher with a possible pull back around 1070-1065 area on $SPX. Once we step into 2010 we will trade in certain range possibly 1130-1080 till March 2010. Once those long terms (30yr) bonds will mature in 2010 March we will face the reality. What is reality? Well we borrowed money from Asia to buy Mercedes, Jaguar, Ferrari, Million dollar mansions to get into some hookers pants. At the end we did all than and realize we don’t have money to pay back. So what we do? We run to those Asians who we (American) think are working hard and saving money for us for another loan. .

Hello! Remember me? I borrowed all your saved money with promise to pay you back in March 2010?

Asian: Yes!

Well, we’ve got problem, I don’t have it to pay you back but I have a fantastic idea.

Asian: what is that?

You can lend me some more money so I can pay you back the first loan and I will pay you back this loan in installments.

Asian: Humm! What do you have as guarantee?

Well! Our dollar is worth less than Charmin, Most of our companies are bankrupt or taken over by foreigners. We don’t have savings as well as we don’t manufacture anything. But we can guarantee that we will spend everything on “Made is China” & “Made in India” Well you make them right? You gotta sell it to someone right? Well I am you guy, sell it to me. I will buy all your stuff from your money which you are going to lend me. J

Now if you are an Asian what would you answer?

Now here are the charts I want to share with you. This week will be painful so keep it small as its OPEX week.