Regarding Elliot wave and further down. I have to wonder if it won’t be true for “value” of stocks and the market where we go much, much lower, but, see price go up.
The Elliot wave theory will hold true for value regardless of price, I am thinking. But, if the U.S. government starts to devalue [...]
Actually, short sellers have never been the major moving force that caused all the crashes, despite what the media might try to spin. Take any given stock, and look at the short interest, you will see that the total short interest is often barely equivalent to the volume of 1 trading day.
Short sellers are more [...]
A lot of sideways movement means that there’s no reason to be heavily invested either way at the moment, unless you have specific plays. Gold looks poised to back off a bit, particularly if the dollar should bounce, whereas I think oil has upside at the moment given the extreme negativity in that sector… the [...]
During bull markets, PEs range from 15-20. During bear markets, they range from 10-12. That means that the PE effect alone will cause the markets to fall between 33% and 40% from the October 2007 highs. Now, consider that earnings will decline, on average, around 50% in a normal recession. Throw that on top of [...]
S&P @ 600 after a decline of another 20 percent in the equity markets in 2009. That is 20 percent lower than the November lows, making it the worst bear market in 50 years. The economy will contract through 2009, with a flat recovery sometime in 2010. He sees no real growth until 2011, with [...]
Instead of trusting someone else to do it for you, collect fees from you while they play golf, go sailing, or seek celebrity as they opine incessantly about an unknowable future.
Madoff was a clear example of a house built upon a rotted foundation. Investment fund managers collected fees from the investors that they were able [...]
We had confirmation of a new bull market trend in May/June 2003 on the DOW and this trend was intact until confirmation of a new bear market in first week January this year (with a warning August 2007 that something might be about to crack).
So far despite the day to day moves the trend is [...]
NEW YORK (CNNMoney.com) — Money flowed out of mutual funds last week, erasing a spike in deposits from the week before, as market volatility continued to undermine investors’ confidence.
TrimTabs Investment Research said Thursday that about $12.1 billion was withdrawn from stock-based mutual funds in the week ended Dec. 3. The week before, investors had put [...]
One important thing regarding recent market movements is something that hit me when I made losses during the tech crash and bear market of 2000to 2003 and when happening for most of the crash many feel that markets may recover to former levels. In reality many companies disappear along the way and many individual shares [...]
You need to look at the sectors of the market that were strongest historically in rallies off bear market bottoms. The current rally has had oil&gas and metals as the strongest and that is pointing to this rally failing. Also in prior bear market bottoms a few economic indicators were starting to show that things [...]
BOSTON (MarketWatch) — The economy is in the tank, the stock market has been
suffering, it’s no fun dreaming of a tight(wad) Christmas, and yet here we are at
the end of November, supposed to be thankful for the bounty before us.
On the surface, that’s a daunting task. Being grumpy and concerned is easy right
now.
But it’s the [...]
From the 34 year trend lind being broken, The Reagan Bull’s 61.8% Fibonacci support point disappearing, and the EWave’s Wave 3 being broken, it’s hard to be optimistic for the long term.
The Crash in 1929 was followed by impressive rallies and four years to find The bottom.
With sentiment being so low, contrarians think [...]
” companies are cheap relative to earnings”…
” we’re at a major buying opportunity ”
Believing in Estimates Means 20% Advance for S&P 500
By Eric Martin and Elizabeth Campbell
Nov. 10 (Bloomberg) — Even after cutting estimates at the fastest rate ever, Wall Street strategists still need the biggest year-end rally in the Standard & [...]
He basically says the dollar is in deep trouble, and that McCain was never intended to win. The news media in other nations are treating the election of Obama like he is a savior and saint and world president, etc. This is all a big set up for the new world order with a new [...]
Nouriel Roubini | Nov 4, 2008
For the last few years the global economy has been running on two engines, the U.S. on the consumption side and China on the production side, both lifting the entire global economy. The U.S. has been the consumer of first and last resort spending more than its income and [...]
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