Intuit chart shows that they never really let dot bomb unwind.

This is my first post on Intuit (ticker: INTU), a company which seems well run but which is grossly overpriced by most historical metrics.  Its share looks like so many others out there right now.  Folks, your 401K, pension fund, insurance annuity, etc.is chock full of this kind of puffed up paper asset.  This is an ending diagonal which is finishing with an ending diagonal (nice example of EW fractals).  It will take some time to come back down to Earth but indeed it will, probably all the way back down to $10 or less.  Yes, the market is that overvalued.

But why oh why can I say that with such certainty?  Simply because it is obvious that the con men running the show saw things collapsing back in dot bomb and they pulled out a lot of stops, lowered interest rates and created the housing bubble, etc.  Now we are in a stock bubble of historic proportions and when the credit defaults begin to happen we will see forced margin calls happening which will require selling every kind of stock.  The baby out with bathwater syndrome.  When we see cliff diving happening across the board rest assured that the asset managers are not selling because they want to.  They are selling because the margin calls are demanding it.  A little selling will turn into a lot of selling because all the real players know it is a pump and dump pyramid scheme wherein the last folks left in the game get left holding an empty paper bag.  When they reach into that bag for the pension or annuity payment they will pull out a handful of air.

Again, I am not writing this post for the current reader.  This stock is at an all time high and everything I'm writing appears to be wild speculation.  But I just want future readers to know that a lot of people saw this coming so don't say that nobody did.  Also, a lot of us know WHY it got this ridiculous: a fraudulent money supply consisting of fiat currency and fractional reserve banking drives the prices up and then asset managers buy this overpriced junk using your retirement money.  Then when it all collapses, you end up with a vanishing retirement just when you go to collect it (just as George Carlin warned about back in 2008 before he passed on).