johnthebear

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  • International ETF Update: Japan, China, Australia
    The way to play the decline in FXI is ProShares FXP. It is my judgment that FXI is headed to $60, down from the 120-130 range during the next month. FXP is headed to $200. (FXP is 2:1 inverse of FXI)

    The bubble has burst in China... Europe, Asia and USA are all heading to a slowdown that popped the bubble. I expect the people are beginning to feel like Japan in 1990 when their market began declining from a high of 40,000 and went down to 10,000 over very long period before finally going back to 20,000 and now back to 13,000. The China markets are down 60% so far, but have not seen anything yet.

    Can you imagine all the bad luck that China has faced this year?

    Worst Blizzard in 50 years

    Worst Earthquake in 54 years

    Worst flooding in ___ years

    Highest Fuel prices ever, Plane fares ^^^ higher

    The earthquake has affected the preparations for the Olympics, reducing profit potential.

    Olympics will be a huge disaster, very hot and muggy. Taxis will be tangled in huge traffic jams, tourist will hate it.

    Just learned that there is a problem of Algae in waterways planned for Olympic boating events. 10,000 workers are now clearing the river.

    Also learned they are expecting locust, 35,000 workers from Outer Mongolia have been hired to try to do something about the problem. How do you fix this?

    I wonder if the Chinese are beginning to feel like ancient Egypt when Moses asked the Pharaoh to "Let my People Go." The Nile filled with blood, fish died and began to stink and they had to dig wells as the water was too bad to drink, then came frogs, gnats, flies, livestock died, they all got boils, hail storms, locust, total darkness for 3 days and then death of firstborn?

    I WISH THIS KIND OF BAD LUCK WOULD GO ON OPEC's HEADS DUE TO THEIR CONSPIRACY TO DESTROY THE WESTERN WORLD'S ECONOMIES. I REALLY BELIEVE THAT IS THEIR GOAL.

    ARABS/MUSLIMS COULD NOT DEFEAT US WITH 9/11 OR MILITARILY, BUT THEY CAN BREAK OUR ECONOMIES AND BANKRUPT THE USA. SOUND IMPOSSIBLE? THINK ABOUT WHAT WILL HAPPEN WHEN WE RAISE TAXES TO PAY FOR GLOBAL WARMING AND TO TAKE ALL THE WEALTH FROM THE RICH WHEN WE ELECT OBAMA PRESIDENT. WOW, THAT SCARES ME REALLY BAD. WE COULD NOT MAKE IT ANY EASIER FOR OPEC THAN TO ELECT HUSANE OBAMA PRESIDENT. WHAT TO DO?
    Jul 06 23:07 pm |Rating: 0 0 |Link to Comment |View article

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