WALL STREET CAUTION ALERT: First of all...Zuma Dogg has no agenda to predict a Bull or Bear market, either way.
In May '07 the Batcomputer warned of the subprime/housing crisis that would trigger a recession at the end of '07/start of '08. (Nailed it!)
At the same time, Batcomputer also warned of a deflating dollar, and rising inflation -- so dump everything into gold which will become the "third currency" more and more as an inflation hedge and to avoid losing your fortune in a stock market that was about to have the worst two months ever. (Nailed it! Gold was at $700 at that time only a few months ago.)
Since then, Batcomputer has warned the market would have a historically bad January. (It did.) And in December and January Zuma's Batcomputer started sending daily alerts that the credit derivatives market and bond insurers would be the next shoe to drop. (It was!)
And although Zuma Dogg is happy for any rally -- and encourage traders to have some fun -- BATCOMPUTER SENT EMERGENCY CITIZEN'S ALERT LAST NIGHT WARNING TO BEWARE THE SUCKERS' RALLY!!! (Is working on analysis and explanation.)
BUT THE MARKET WAS UP 416 POINTS ON TUESDAY?: Generally, the $200 Billion that the Fed injected into the banking system to loosen the credit crunch is just going to be a quick flash -- but fundamentals still stink for '08. (Housing is still dropping, jobs are still down along with wages, manufacturing is still overseas, oil is still at $107, the dollar is still weak, and food prices are still inflated.) SO JUST BE CAREFUL. NO TIME FOR "BUY AND HOLD" BARGAIN HUNTING...ONLY "BUY AND WATCH CLOSELY"!
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