Truth in NumbersAll the big names including UBS and PIMCO have come out and told thier clients to hold. They said the fundimentals do not support this crash and some said this looks fishy. Because of this I was buying all the way down and so were the people I advise. The truth is coming out in the numbers. This was a hoax. This month is light on data so there's no way to justify the statement that the future market will be weak. It's all bull. In the last three days I found nothing to support the sell off. In time we'll find out who was behind it but that will be hindsight. Simply put, if you sold, you got suckered.
Realize this. A very few families control 99% of all media that reaches investors. The media is leading the story? Really? That means they are all on script and making the story. 85% of the earnings are good! How does that forcast a recession? It doesn't. In fact, nothing supports that theory. This is a hoax designed to steal your money. With the proof coming out does this mean they will give up? Not yet. While they will give up on the shorts they will try cover their tracks by keeping up the news. Because of this I extect the FED to make a strong statement. I also expect them to spend money into existance instead of thieve from the people and give it to the banks again. They know they will not be able to get away with it again. This time what's left will have to go to the people. It might be a pitance but because people who will spend it will actually get it there will be a benefit.
That is what should have been done in the first place but the people are weak minded and allow the robbery willingly. Only in their hour of desperation are they willing to act. The FED knows this. So when the FED speaks we will see if I'm right.
News is pending. Ernesto is not party to inside info of material value and is therefore not restricted from buying. Those who call will also have noted Elmers absence. From my last conversation I can say that meetings, work and PR are all on schedule.
If you have dry powder, use it.