Beware Long-Term Damage From Stock Market Bubble Forming Now [View article]
Six-oh:
There are some people that believe that if someone predicted the market would go up and it did that they were "right." These same people believe that if someone predicted the market would go down and it didn't that the person was "wrong." These sorts of people will never understand what I just said or what I said before -- and they will never be successful in this business.
Beware Long-Term Damage From Stock Market Bubble Forming Now [View article]
Valueable:
You clearly do not know what you are talking about.
I called the bottom in March of 2009 and was massively bullish at that time. I turned bearish in July of 2011 at a major top (after having been massively bullish since late 2010) when the S&P was in the 1340s. I remained bearish until August of 2012 -- a fact which I have absolutely no regrets about. Since August of 2012 (over 200 S&P points ago), I have been saying the market would rise, and it has.
2. Oil price not highly correlated to my thesis. More dependent on demand side on growth and China as well as changing supply fundamentals. I don't see oil as being the best play on my thesis, although it will do OK.
Beware Long-Term Damage From Stock Market Bubble Forming Now [View article]
Southgent:
In this article, I explicitly talk about a 12 month time-frame. That is the time frame relevant for this article. Obviously, nobody can rule out asset sales for all time.
Beyond 12 months, I do not think there is any visibility, therefore, I believe the foreseeable language was accurate.
Beware Long-Term Damage From Stock Market Bubble Forming Now [View article]
Again, several fed officials, including Bernanke and Yellen have come out several times and essentially ruled out asset sales in the short term. They have been at pains to point out that there are several other mechanisms (e.g. fed funds and manipulating rate paid on reserves) for them to tighten and they have been pretty clear that asset sales are not in the cards any time soon.
Beware Long-Term Damage From Stock Market Bubble Forming Now [View article]
southgent 1951:
Do a search on the internet on the subject. Bernanke and various other FOMC members have strongly suggested that asset sales are off the table -- at least for the foreseeable future. They have made it clear that they will do a number of things before they will resort to that.
Beware Long-Term Damage From Stock Market Bubble Forming Now [View article]
There are some people that believe that if someone predicted the market would go up and it did that they were "right." These same people believe that if someone predicted the market would go down and it didn't that the person was "wrong." These sorts of people will never understand what I just said or what I said before -- and they will never be successful in this business.
Beware Long-Term Damage From Stock Market Bubble Forming Now [View article]
You clearly do not know what you are talking about.
I called the bottom in March of 2009 and was massively bullish at that time. I turned bearish in July of 2011 at a major top (after having been massively bullish since late 2010) when the S&P was in the 1340s. I remained bearish until August of 2012 -- a fact which I have absolutely no regrets about. Since August of 2012 (over 200 S&P points ago), I have been saying the market would rise, and it has.
Alan Abelson Died: Lives On Through A Generation He Defined [View article]
Beware Long-Term Damage From Stock Market Bubble Forming Now [View article]
1. Lowered risk aversion = lower gold price in initial stage.
2. Oil price not highly correlated to my thesis. More dependent on demand side on growth and China as well as changing supply fundamentals. I don't see oil as being the best play on my thesis, although it will do OK.
Beware Long-Term Damage From Stock Market Bubble Forming Now [View article]
Why A Stock Market Bubble Is Forming Right Now [View article]
You are not conceiving of things in the right way. Money does go "into "markets or "out of markets."
You would benefit by reading this article:
http://seekingalpha.co...
Second, even though commodities and stocks are both generally considered "risk" assets, they have quite different fundamental drivers.
Beware Long-Term Damage From Stock Market Bubble Forming Now [View article]
I say a bubble is in the process of formation but that it is not yet fully formed. There is no contradiction in that.
All bubbles start somewhere. It is clearly less useful to talk about it AFTER it is confirmed that it has already happened.
The key is to recognize it as it is happening.
Beware Long-Term Damage From Stock Market Bubble Forming Now [View article]
In this article, I explicitly talk about a 12 month time-frame. That is the time frame relevant for this article. Obviously, nobody can rule out asset sales for all time.
Beyond 12 months, I do not think there is any visibility, therefore, I believe the foreseeable language was accurate.
Cheers!
Beware Long-Term Damage From Stock Market Bubble Forming Now [View article]
http://bit.ly/18QyNEm
Beware Long-Term Damage From Stock Market Bubble Forming Now [View article]
Do a search on the internet on the subject. Bernanke and various other FOMC members have strongly suggested that asset sales are off the table -- at least for the foreseeable future. They have made it clear that they will do a number of things before they will resort to that.
Beware Long-Term Damage From Stock Market Bubble Forming Now [View article]
I will address this prediction more specifically in the next article.
Beware Long-Term Damage From Stock Market Bubble Forming Now [View article]
Beware Long-Term Damage From Stock Market Bubble Forming Now [View article]
Alan Abelson Died: Lives On Through A Generation He Defined [View article]
Alan Abelson Died: Lives On Through A Generation He Defined [View article]