What does that even mean? First off, a “strong. near-term rally” in what? The markets? {credit, equity, bond, stock, all, neither, more or less….]

If the strong near-term rally applies to the stock market, for example, are we to infer that a Great Depression—which WOULD HAVE BEEN caused by unprecedented debt to GDP ratios, insolvent banks, surging unemployment, etc., etc., will be thwarted by “a strong-near term rally” in the stock market? If so, that is an absurd thesis brought to us by the people who believe that a dandruff shampoo….uhhrr—”head and shoulders chart formation”—is a reliable indicator and that it is perfectly reasonable to throw one’s hard-earned money down and short the SPY because he sees a the apparation of some faceless “price-action” dude who has a “slumping” left shoulder.

If the “strong near term rally” applies to the economy as a whole, then it’s so broad that it’s rendered meaningless. It’s kind of like saying to nobody in particular that we’re having a “rally in the weather”. Even if we grant the fact that a “rally in the economy” in this case is being applied to real estate, car sales, job creation, bank solvency, global imbalances, Fed Balance Sheet Reconstruction, etc., etc., etc we still run into reductico ad absurdum….as we ask ourselves how a Japan-like response of throwing money at this bloated system will to anything but foster an illusory, strong near-term rally.

Marc, who now is also called Dr. Doom, along with Nouriel, by the scared witless MSM, said a Citi could easily rebound 100%, before going to zero…and with all economists saying we will have a recession and not a depression, we could have something even worse than the GD.