Way back on September 7th, a Sloper by the screen name of Phantom Capital thoughtfully sent me an analog, richly detailed, as to what he believed the market would do. I published this analog on the blog, and since that time, it has performed astonishingly well.
I have been exchanging emails with Phantom, and he and I see eye-to-eye on the market's future. I submit to you my belief that:
(a) we will indeed see a "from 13 to 14" drop, irrespective of what that traitorous douchebag Bernanke says tomorrow;
(b) once we approach 1000 (let's call it 1030 or so), The Powers That Be will issue forth their final, desperate attempt to save the world. Everyone will buy into it again, lifting the market somewhat. Because, Slopers notwithstanding, people are pinheads and always think it's different this time;
(c) Around March or so next year, TPTB will have lifted the market high enough to permit Facebook to IPO. This will be the last major IPO for a long time to come. The Facebook IPO, in my opinion, will almost pinpoint the top of 2012.
(d) After that point, all holy hell will break loose, and Slope will ascend to heaven in a blaze of chart-filled glory amidst wailing and gnashing of teeth. Yea, verily so.
And that's all I've got to say about that.
