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JG Savoldi
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J.G. Savoldi is a graduate of Auburn University in Alabama where he majored in Criminal Justice Law. After graduation, Savoldi studied stock market history, Elliott Wave Theory, and everything he could absorb from conversations with market veterans--like fellow Alabama native Jimmy Rogers--and... More
My company:
The BAM Report and BAM Investor.com
My blog:
BAM BLOG
  • The 1929 Stock Market Crash vs Current BAM Model Predictions 0 comments
    Sep 30, 2009 1:14 PM
    The 1929 MARKET CRASH was key in building the BAM Model but what's it telling us about the current stock market? bit.ly/19KeBH

    We depend 100% on our proprietary BAM model but we also try to keep our head up with regard to other interesting ideas.  After all, our model makes some of the most outrageous predictions from time to time--like telling us that crude oil would crash from 147 dollars to 36 dollars over a 12-18 month period back in 2008.

    Here we are again. 

    We're standing out on a limb here with our call for a 50% crash in the stock market over the coming 2-5 months and although we could have held that forecast to ourselves, we'd rather walk the talk by putting ourselves and our money on the line here.

    These are interesting times and although I'd love to be bullish and I'd love to be the guy bringing great news to the table, the model is the most bearish I have ever seen it.  This includes the readings at the all-time high in 2007 and it also includes the 2008 pre-crash readings we were seeing.

    I'll leave the fundamentals up to those who follow that discipline, but the BAM Model, as we saw so many times during 2007 and 2008, is predicting something that most seem unprepared for-- and we're going to follow it predictions.

    -Bearish stocks
    -Bullish Bonds
    -Bearish Crude Oil
    -Bullish USD
    -Bearish Gold

    Disclosure: we have positions reflecting all of these predictions
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