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Michael A. Gayed, CFA
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Michael A. Gayed, CFA, winner of the 2014 Dow Award and 3rd Place Wagner, is chief investment strategist and co-portfolio manager at Pension Partners, LLC., an investment advisor which manages mutual funds and separate accounts according to its ATAC (Accelerated Time and Capital) strategies.... More
My company:
Pension Partners, LLC
My blog:
Pension Partners Blog
My book:
Intermarket Analysis and Investing: Integrating Economic, Fundamental, and Technical Trends
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Comments (6)
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  • Stock Lobster
    , contributor
    Comments (8) | Send Message
     
    Very lucid, and well reasoned. I therefore expect to see a slew of comments disagreeing with you, because it is a fact that humans love their doom...

     

    The negative narrative surrounding the Euro's collapse is the "Chernobyl Diaries" for traders :)

     

    They should give out 3D glasses with Bloomberg terminals, so the doom addicted can fully experience the terror inherent in their charts and level 2s, resplendent black and orange doom

     

    Keep up the good work!
    3 Jun 2012, 03:34 PM Reply Like
  • Michael A. Gayed, CFA
    , contributor
    Comments (1345) | Send Message
     
    Author’s reply » Your last paragraph was hilarious. Thanks for the kind words and for reading.
    3 Jun 2012, 03:52 PM Reply Like
  • ndras
    , contributor
    Comments (841) | Send Message
     
    As good an article as can be put together with current info. In the market game, the only quote that matters is the price quote, not literary quotes, no matter how elevated the source is. Discerning the market direction is like the game of myriad blind men groping the parts of a gigantic elephant and each one swearing by the part grabbed. Why not look at the market action itself? Last year's crash began from a 5 month top formation. The current decline began from 5 week top formation. The immediate trend is down. No question about it. 50% decline takes us to about 1250. 62% decline takes us to 1200. Nobody knows where and when the current decline is going to stop. We can only surmise, make an educated guess/chatter.

     

    Very funny when folks talk about beginning of a bear market with crude close to 80 and nvda at 12 bucks.
    3 Jun 2012, 03:37 PM Reply Like
  • Michael A. Gayed, CFA
    , contributor
    Comments (1345) | Send Message
     
    Author’s reply » @ndras - your last sentence is beyond well stated.
    3 Jun 2012, 03:53 PM Reply Like
  • John_Miller
    , contributor
    Comments (60) | Send Message
     
    Thanks for the article.

     

    If the market is going to rally it needs some sort of catalyst. Maybe a Eurobond, or deposit insurance for EU citizens, or some sort of other bailout/kick-the-can solution.

     

    Around the March 6th 2009 low, I remember Vikram Pandit (Citi), and Ken Lewis (BofA), publicly stating their banks had become profitable again, and that was the initial catalyst that rallied stocks.

     

    I can't imagine policy makers letting the whole Euro Zone implode, which I why I'm convinced there will be a bail out of some sorts in the next few months; that will be the catalyst that sends markets soaring IMO.
    3 Jun 2012, 03:51 PM Reply Like
  • lower98th
    , contributor
    Comments (1420) | Send Message
     
    would someone please tell me Who has to panic, for it to count? Out here in middle America, we're so far up from 2009 that this flap doesn't even merit a phone call from the beach condo to the broker....yet.
    3 Jun 2012, 06:06 PM Reply Like
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