We Need Your Help:Critical Timing Event---Timing is Everything (AMG)As you've probably surmised, we're about to retest Financial lows. While some movement into Oil occurred, which helped support the market today, it wasn't a rampant migration or rotation back into oil. It's still too early in the Hurricane and Winter Heating Season to count on that. So---odds are (given inflation, housing, financials) that we are also going to retest the market lows relatively soon. We may even test 30% down (or maybe more). About the only thing that is going to stop a full 40% blow off of the market is for the SEC to enact "Naked Short Rules" for all equities and commodities. We have about one to three weeks to push that proposal.
My suggestion is that irrespective of how many letters or calls or petitions you've signed, it would be very good to let Chris Cox know that the time to act is coming and that he's the man. I'd copy the media and Congress too.
remember, if he acts when the market makes the first 10% correction from here, he'll get the most bang for his buck, because he'll catch naked shorts with their pant's down. If he acts too soon, he'll not, and they wont learn their lesson (just an example). We want him to "intervene" when the markets have a reallly bad down day on volume following a significant down day (a washout).
Luck--and even if you don't like the timing advice--time to recast your opinions and votes once again. And, I assure you that timing is everything. Ask AMG.