Finally There: Panic!

I apologize.  For some reason this didn’t get posted Friday afternoon.

With all the talk on Fannie Mae & Freddie Mac and oil spiking again, the market is getting hit hard today.  I’m covering more shorts into this sell off continuing the scaling out program.  Fannie & Freddie aren’t going anywhere.  The government will take care of them.  But, the market is really getting hammered and my crazy investor indicator is finally spiking.  See the picture attached.  Don’t get carried away by buying everything in sight and covering all your shorts.  But, increase your longs somewhat. 

Fear Spiking

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1 Response to “Finally There: Panic!”


  1. 1 Patrick Lalande July 14, 2008 at 2:57 pm

    Hey Karl,

    Your Crazy Investor Index seems like it’s tracking exactly what I was told by a anon. investor way back in April of ’07.
    He estimated (projected)that the Dow was to get down to 10,500 before it was all over and that is what my unsophisticated analysis came up with independently. I don’t think there is quite enough capitulation to call a bottom but it seems we’re getting close. Doesn’t it?

    Best Regards,
    Patrick


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