best buying opportunity in 2+ years coming?, page-18

Thanks Ophir

I noticed our market is doing a pretty good job of tanking now without waiting for 2012! Like you I have been thinking that the bottom could be in late 2012, and I think that Voltaire has this as a major low. Given the state of the US markets, economy and unemployment Obama's presidency will be badly tainted and he will be remembered as not being up to the job of President. I think he is a victim of circumstances beyond his control (not that I am a fan of his policies) and he seems less incompetent than Bush junior. Perhaps we will get a rally later this year if QE3 is done and Europe is settled down a bit.

I hope Maxi from the XJO thread is right and that our market "only" goes down to around 3050. Martis thinks it could be lower (and that the S&P500 will fall in a heap well under its March 2009 low). I sure hope he is right about gold $3000, but I note he has not mentioned a time for this.

Better wear a hardhat for protection against all that shrapnel flying around.

Good luck.

loki (goldbug)