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Eric Parnell, CFA

 
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  • Stocks: The Most Important Week In 6 Years [View article]
    Hello bartpr,

    Thanks as always for your comment. I agree with your point completely that a lot of technical damage exists underneath the market surface and across many correlated asset classes. Even if the market does rally from here, I suspect that we are approaching if not already in the final innings of the current bull market.

    Great points. Thanks again.
    Oct 12, 2014. 01:41 PM | Likes Like |Link to Comment
  • Stocks: The Most Important Week In 6 Years [View article]
    Hello newbeach861,

    Thanks for your recent comments including here on this article and for raising some important points. I agree with you that probabilities are favoring a bounce at this point. Any further breakdown in stocks from here would be notable as a result.

    Great points. Thanks again.
    Oct 12, 2014. 07:23 AM | 1 Like Like |Link to Comment
  • Stocks: The Most Important Week In 6 Years [View article]
    Thanks bbro. This is a very important point, as it is not just about the break of the 200-day moving average, for sometimes these breaks can be bullish buy signals and other times they can be bearish. Instead, it is more about the magnitude of the break, the frequency of future breaks, the overall slope of the 200-day moving average line and a number of other factors that must also be considered.

    http://seekingalpha.co...

    Thanks again bbro for raising an important point on the 200-day MA.
    Oct 12, 2014. 07:22 AM | 5 Likes Like |Link to Comment
  • Finding The Bull Market Peak [View article]
    Hello SimpleData - Thanks for your reply. I appreciate it and great point. I completely agree. Thanks again!
    Oct 10, 2014. 02:51 PM | Likes Like |Link to Comment
  • Finding The Bull Market Peak [View article]
    Hello SimpleData,

    I'm not sure if you were referencing my article as a "bear article", but your comment actually makes my point about this section of the article. For those that perceive the current pullback to be a correction, it is important to keep the fact that we have fallen so little and are only a few trading days away from new all time highs in mind. We would have much further to move to the downside before this could truly be considered anything approaching a meaningful correction.

    Thanks again, as I agree with your point.
    Oct 10, 2014. 12:52 PM | 1 Like Like |Link to Comment
  • Finding The Bull Market Peak [View article]
    Hello Alan,

    Thanks as always for your comments on my recent articles (I was meaning to reply to comments yesterday on my last article and I appreciated your input as always). You make excellent points here as usual and I agree with you completely on the expected duration and magnitude of the next bear market. It could be death by a thousand mini corrections over several years before it's all said and done.

    Thanks again.
    Oct 10, 2014. 12:50 PM | 1 Like Like |Link to Comment
  • Finding The Bull Market Peak [View article]
    Hello ant21b,

    Thanks for your comment and for introducing these three key points. I will take a look at these measures at your recommendation. Thanks again!
    Oct 10, 2014. 12:49 PM | Likes Like |Link to Comment
  • Finding The Bull Market Peak [View article]
    Hello jj1937,

    Thanks for your comment and for sharing the quote by Grant. I agree with many of his views on the Fed.

    Thanks again.
    Oct 10, 2014. 12:48 PM | Likes Like |Link to Comment
  • Finding The Bull Market Peak [View article]
    Hello Shoemouse,

    Thanks for your comment as always and great question. In regards to the next bear market, I think how long it lasts will depend on policy makers willingness to allow the financial system to cleanse itself. The more they allow the corrective process to take place, the faster the bear market will be (one of the reasons the bear market tied to the financial crisis was so short was that the Lehman collapse coupled with the failure of Washington Mutual and others effectively ripped the band-aid off and accelerated the process). But I continue to suspect that given the shock of the last crisis that policy makers will remain insistent on trying to manage this market all of the way down. It will be interesting to see, but I continue to believe that once the cleansing process has finally run its course one way or another, we will find ourselves out of the investment desert and at the beginning of the next great secular bull market.

    Great question. Thanks again.
    Oct 10, 2014. 12:47 PM | 1 Like Like |Link to Comment
  • Finding The Bull Market Peak [View article]
    Hello Trader_Phil,

    Thanks for your comment, as I believe you have raised the most critical point here. Whereas the Fed was armed with the firepower to combat economic and market downturns during past bear markets, they have already exhausted much of their armory before the next down cycle has even begun. It will be interesting to see how the future plays out as a result.

    Great point. Thanks again.
    Oct 10, 2014. 10:05 AM | 1 Like Like |Link to Comment
  • Finding The Bull Market Peak [View article]
    Hello Finici,

    Thanks for your comment and great points. You are right - to Dr. Kapur's point above, every market is unique in its own behavior and characteristics, so the comparisons to 2000 and 2007 should only be taken in the context of what has happened recently versus what is unfolding today. The one thing that we can say at minimum is that we have not yet seen the magnitude of the initial decline today that we saw at the very beginning of the last two bear market episodes. Excellent point.

    And your strategy about locking in some gains and concerns about small caps are points that make a great deal of sense.

    Thanks again.
    Oct 10, 2014. 10:03 AM | Likes Like |Link to Comment
  • Finding The Bull Market Peak [View article]
    Hello Dr. Kapur,

    Thanks for your comment. And I agree that the nature of today's eventual peak is very different from 2000 and 2007. This is one of the reasons that I believe the subsequent bear market may last longer and go deeper than those that have preceded it.

    Great points. Thanks again.
    Oct 10, 2014. 09:58 AM | 2 Likes Like |Link to Comment
  • How Green Was My Market? [View article]
    Hi Alan,

    Thanks for your comment. I appreciate it and I hope you are doing well. I look forward to talking with you again soon. Have a great day!

    Eric
    Oct 4, 2014. 10:07 AM | Likes Like |Link to Comment
  • Stocks: The Hunt For Red October [View article]
    Hello tallguyz,

    Thanks for your comment. You are absolutely right that the key takeaway is what is going on right now. And if history is any guide, if October turns out to be a poor month for performance, it has the potential to spill over into what have otherwise been traditionally cheery months in November and December.

    Great point and thanks again for your comment!
    Oct 4, 2014. 09:52 AM | 1 Like Like |Link to Comment
  • Stocks: The Hunt For Red October [View article]
    Hello bartpr,

    Thanks for your comment and great point. We last saw this occur during the late spring and summer of 2013, so you are right that this is notable.

    Great point. Thanks again.
    Oct 4, 2014. 08:12 AM | 1 Like Like |Link to Comment
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