Sweetgrass Burrow
Friday morning, October 10, 2008 10:45 am est
Bless Pat, Mr. Dow just moved through 8317. We had some hope that we would not even need to touch on this subject today, but the next key gate is 7976 and after that, well, at this point does it really matter? Remember, don't fight the market, fight the panic. Then you can simply bend down and pick the dagger up off the ground.
PS
Anybody out there know Pat?
Friday, October 10, 2008
Wear the Fox, Shoot the Horse and Eat the Hen
Friday Morning here in Sweetgrass Burrow.
I will withdraw from my normal banner and go straight to the real stuff.
Here is the real stuff:
The DOW needs to climb over and stay above 8658. Last night's close of 8579.19 was dangerous and destructive. The danger lies in the fact that giving away 7% of the market's value in one session can become a catalysts for additional selling pressure based on nothing save panic. For all intent and purposes, the human race left the planet a couple of weeks ago. Six thousand years of recorded history went flying out the window and the most base of animal instincts kicked in. The problem with this condition is that humans generally like to think of themselves as anything but animal like and thus you two-leggers become lost in the dark, frozen with fear and unable to do anything but follow whatever comes running by. Those of us less gifted than you folk, intellectually speaking, can only sit by and watch. Laughing uncontrollably when we think your not looking.
The destruction comes in the form of long-term damage done to the mental health of the investing community in particular and the overall general populace as a whole. This negativity becomes a self-fulfilling prophesy, driving consumers deeper and deeper underground, taking with them the capital needed for everyone to survive.
We must remember a simple fact of life. The sun, moon and stars were all sitting up in the sky last night and they will be there tonight as well, watching down. Should we ever find this statement to be proven untrue, then we will really have something to worry about. Otherwise, life goes on. And on. And on.
Greed and fear have given way to panic and more panic. This will give way sooner or later to pure exhaustion and then we can begin to pick up the pieces. Til then, we can only watch in amazement/amusement as the smartest creatures in the forest continue to act in the silliest of ways.
A wise ol' friend of mine, an owl of some years and experience, likes to remind all of us here in the Burrow that the surest way to make God laugh is to tell him your plans.
He must laugh a great deal!
I will withdraw from my normal banner and go straight to the real stuff.
Here is the real stuff:
The DOW needs to climb over and stay above 8658. Last night's close of 8579.19 was dangerous and destructive. The danger lies in the fact that giving away 7% of the market's value in one session can become a catalysts for additional selling pressure based on nothing save panic. For all intent and purposes, the human race left the planet a couple of weeks ago. Six thousand years of recorded history went flying out the window and the most base of animal instincts kicked in. The problem with this condition is that humans generally like to think of themselves as anything but animal like and thus you two-leggers become lost in the dark, frozen with fear and unable to do anything but follow whatever comes running by. Those of us less gifted than you folk, intellectually speaking, can only sit by and watch. Laughing uncontrollably when we think your not looking.
The destruction comes in the form of long-term damage done to the mental health of the investing community in particular and the overall general populace as a whole. This negativity becomes a self-fulfilling prophesy, driving consumers deeper and deeper underground, taking with them the capital needed for everyone to survive.
We must remember a simple fact of life. The sun, moon and stars were all sitting up in the sky last night and they will be there tonight as well, watching down. Should we ever find this statement to be proven untrue, then we will really have something to worry about. Otherwise, life goes on. And on. And on.
Greed and fear have given way to panic and more panic. This will give way sooner or later to pure exhaustion and then we can begin to pick up the pieces. Til then, we can only watch in amazement/amusement as the smartest creatures in the forest continue to act in the silliest of ways.
A wise ol' friend of mine, an owl of some years and experience, likes to remind all of us here in the Burrow that the surest way to make God laugh is to tell him your plans.
He must laugh a great deal!
Subscribe to:
Posts (Atom)
