Thursday, March 12, 2009
The fear of 666!
The S&P hit it's low at 666.
The inflation-adjusted return of the S&P from the 1982 bottom, to the 2000 top was 666%.
The return from the Dow's low of the 1987 crash, to the 2000 high was 666%.
And now, 666 strikes again.
But this time, the fear has been struck into the hearts of the shorts!
And it couldn't happen to a nicer bunch! After all, weren't they the ones playing games with stocks while driving their prices down, all in the name of markets?
And then claiming Armageddon?
Today Madoff had his Armageddon, but if you want to really read why Armageddon isn't happening, you need to read Madoff's Armageddon!
But if that's too complicated, I'll just make it simple. Now maybe this is a bit tongue in cheek, but bear with me as I make my point. Armageddon is only mentioned in the Bible, so let's stick to that story. Armageddon only happens after the 7 year tribulation, and that only happens after the moon has to turn to blood red, and it has to happen in Israel, and on their days of feasts.
We need a lunar eclipse for that to happen. When do we have a complete lunar eclipse visible in Israel, (when the moon turns blood red) on Jewish Holy days? Try April 15, 2014, on Passover and The Feast of Tabernacles on October 8, 2014. Click the link below and it will give you the Jewish holidays.
Now click the link below, and you will see on the calendar that these are when we have the total lunar eclipses for 2014.
After that, you have to wait a bunch of years, so what happened to Armageddon? Since there's a 7 year tribulation before it, it looks like we've missed it! Maybe the bears can now use the Mayan calendar, and claim the end of the world then!
Now when you use this reasoning with "biblical" things, it gets dismissed out of hand. But isn't that what the priests of finance did? Didn't they extrapolate the worst case scenarios in pricing of toxic assets and say that all the assets were worth what the least of them were? And didn't they deliver a clever story, with "supporting" evidence to "prove" their cause?
And then didn't they dress up their forecast with rocket scientists and PHD's, derivative models, and fancy formula's and proclaimed the demise of civilization as proclaimed on their spreadsheets!
Or at least the demise of civilization, until they can bring in their shorts!
So maybe I'm having some fun with 666. But at least, it's making some money. After all, weren't these some picks Monday morning?
WFC 9 --Now 13.95 up 55%
USB 9--- Now 13.76 up 53%
IP 4----- Now 5.86 up 46%
GE 7--- -Now 9.57 up 37%
AA 5 ---Now 5.98 up 20%
NOV 25--Now 29.57 up 18%
No hexakosioihexekontahexaphobia here!
Posted by Palmoni at 6:39 PM