Irrational Exuberence Behind Recent Stock Gains, Says Finance Expert

Irrational Exuberence Behind Recent Stock Gains, Says Finance Expert

www.sciencedaily.com...

ScienceDaily (Oct. 21, 2009) — A second straight week of stronger-than-expected third quarter earnings from a broad cross section of U.S. industries has held the nation's Dow Jones Industrial Average above the psychological benchmark of 10,000 points for the week of Oct. 19, but the climb isn't likely to last, says a finance expert at the University of Alabama at Birmingham (UAB).

With the Timewave Zero thing going on next week, I'd have my money on the crash -- or the start of a crash -- of the stock market, starting on Monday of next week with a big drop in the Dow, like a drop of 700 or more pts in one day in the Dow.


And keep in mind that events happen in time cycles of 20, 30, 40 and more years, including 80-year cycles and here we are at the 80-year anniversary of the famed 1929 crash this month. Black Monday, anybody?


I'm glad that I'm not in the stock market.

The collective mind seems to either be expecting the collapse of the US Dollar, or hoping for it, according to Google:

CHART OF THE DAY: Google Searchers Are Obsessed With The Dollar Collapse

If you believe in the wisdom of crowds, then rising google searches for 'dollar collapse' are a bad sign.

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