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John Lounsbury
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John Lounsbury, Managing Editor and Co-founder of Global Economic Intersection, provides comprehensive financial planning and investment advisory services to a small number of families on a fee only basis. He has a background which includes 34 years with a major international corporation, 25... More
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John B Lounsbury CFP
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Global Economic Intersection
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  • mr freddo
    , contributor
    Comments (291) | Send Message
     
    Thanks John, that pretty much says it all about the rest of the year.
    23 Jun 2009, 12:52 PM Reply Like
  • David Van Knapp
    , contributor
    Comments (13235) | Send Message
     
    John, I assume that mr freddo's comment was meant to imply that the market was doomed, in danger of imminent collapse. I'm asssuming that's what your post meant too. That was 3-4 months ago. It didn't happen. Any insights? I know you're fact-driven and reasonable. A lot of people these days keep pointing to the rate of insider selling as support for a doomsday scenario. What's your take now, after 3-4 months? How would you reconcile the insider selling with the market's relentless climb?
    Dave
    8 Oct 2009, 04:16 PM Reply Like
  • John Lounsbury
    , contributor
    Comments (4046) | Send Message
     
    Author’s reply » David - - -

     

    You are correct. My implication was that there would be a correction. I was on record at TheStreet.com that a 10% correction was a lock, 20% was probable and 50% was possible.
    www.thestreet.com/p/_s... Note - This was in a paid subscription area and may still be restricted.

     

    The correction was 9+%, but never hit 10%.

     

    On July 11, at TheStreet.com, I asked if the market could resume going up. I said only if the following week had good employment news and good earning news. The "only if" was satisfied and the market resumed its path to fulfilling your prophesy. www.thestreet.com/stor...

     

    In September I had an article entitled "Insider Selling May Simply Be Profit Taking" seekingalpha.com/artic...

     

    I have been overly bearish, but have avoided any losses. I just haven't gotten 75% of the gains from the March lows. All my accounts have been in the black continuously over the past year, but not as much today as they would have had I gotten larger long positions on the books.

     

    Thanks for reading my history and commenting.

     

    On Oct 08 04:16 PM David Van Knapp wrote:

     

    > John, I assume that mr freddo's comment was meant to imply that the
    > market was doomed, in danger of imminent collapse. I'm asssuming
    > that's what your post meant too. That was 3-4 months ago. It didn't
    > happen. Any insights? I know you're fact-driven and reasonable. A
    > lot of people these days keep pointing to the rate of insider selling
    > as support for a doomsday scenario. What's your take now, after 3-4
    > months? How would you reconcile the insider selling with the market's
    > relentless climb?
    > Dave
    8 Oct 2009, 06:45 PM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6879) | Send Message
     
    Insider selling means only one thing: "don't buy."
    8 Oct 2009, 06:53 PM Reply Like
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