Permabullish?

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The pundits continue their unabashed optimism, as they continue to discount the credit crisis and debt deflation. Ned Riley, Permabull, is the Tout TV Shill today.

The Ten Year is forming a large triangle. It has not declared itself and is at the top of the triangle.

Meanwhile, the pundit du jour on Tout TV is warning (believe it or not) investors about NOT being in the market.
__________________________________Ned, you forgot to mention that the SP500 is up 2 percent in the last month. Last chance to get in before the market is 1200, like tomorrow. Right.
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ProShares UltraShort SP500 has resistance in the 94-95 range, but next stop looks to be circa 102.
____________________________________________Ned calls the housing market bottom, too. Support, resistance, trend. Fuggedaboutit. Ned says. Ned doesn't believe in charts I guess.A second look at the Permabull...er, permaostrich...with a nice Chianti?
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Good trading and great risk management to all.

Educational use only. Never intended as investment advice.