Thursday, October 13, 2011

PIMCO PREDICTS PAIN!

http://www.pimco.com/EN/Insights/Pages/Prediction-Pain.aspx

I recently made a market call when the market was oversold and of course the market bounced and moved higher. The stock market is actually up over 125 points since my call. It's mainly up based on plans to bail out Greece. The problem is you have to bail out Italy, Portugal, Ireland, Spain, Belgium, and Holland. The rule on Wall Street is you have 3 months and if your call is not confirmed then you are wrong on the timing. We shall wait and see. The deflation in the stock market is gauranteed to come it's just a matter of when. You can't grow your GDP at 3% and your debt at 6%, the math simply doesn't work. I attached a link to Pimco's website and they are not drinking the Kool Aid and expect a down turn in equities.

No comments: