drewriders

Robert Prechter to Investors: Play It Safe, Rally Is Over

Does anyone really listen to this guy? Has he even been a bull? I would bet him money the market doesn't go below 7000 next year.

Unemployment, Retail Numbers Don't Add Up

Maybe the fact that the gov't keeps extending unemployment benefits?

Employment Lags the Stock Market

Great article!! I wish I had know about this about 2 years ago. Would have saved me alot of financial pain. Seems it takes about 5 or 10 years for unemployment numbers to come back to a 'full employment' level before the next bear market begins.

At the Bull-Bear Crossroads

No way you short this market yet. Especially, with jobs becoming 'less worse'. If we hit over 1100 in the S&P feel free but realize you will need to cover in a few weeks.


On Nov 06 02:53 PM Nathaniel C wrote:

> I was one of the idiots who was short during that famous head and
> shoulders pattern that reversed straight up for about 3 weeks. Got
> killed. I tried again this week after last week's major breakdown.
> Got stopped out at a loss. Does not seem to make much sense shorting
> this market. Everytime you think the market is rolling over, SOMEBODY
> starts furiously buying futures and sends the market surging. The
> bears get scared and cover and the bulls feel great. After all nobody
> feels sorry for a short because we are anti-American destroyers of
> wealth who "cause" stocks to go down.

Continuing Job Losses Prove that Recovery Has Yet to Gain Traction

I would be willing to bet Warren Buffett knows more about the market than you do. DJIA will not go to 5000 unless we see a million jobs lost in a month. Ain't gonna happen.


On Nov 06 12:53 PM 10000ozCOCAINE wrote:

> Why Warren Buffett pays $34 billion for BNI instead max. $20 billion
> when market DJIA was at 6500?
> Why BRK depends on Goldman Sachs bankers?
> Why Buffett is buying stuff at the peak of the market instead of
> waiting to buy cheaper in a very short time ?
> Does he think DJIA at 10000 is "cheap" ?
> He buys BNI at the top to calm the matket panic and "make you buy
> too".
> Why BRK is not selling all their stuff, when W. Buffett knows very
> clear that DJIA will be 5000 soon and will bottom only at 2000 that
> will hit him too?
> Find out in WARREN BUFFET? link
> alturl.com/dzgp

S&P500 Trend Line Support Broken: What's Next?

Ridiculous. It has already corrected. You can put the trend line anywhere you want. Watch the jobs report. If the next few months gets better from prior months the market goes up. Very simple.

Bear Market Rallies and Lessons of History

People need to stop looking at these stupid charts looking for some sort of pattern. The reason that markets go down is simple. JOBS.

The market bottom of 6600 will not be seen for years (if at all). The reason it bottomed because job loses started to drop as of the Feb 09 job report. As long as job losses become less negative then start growing the market will go up. If job loses start to get deeper in the next 12 months (doubtful) I can see us dropping back to 7500-8000 on the Dow but not farther. This is not 1929 and we are NOT Japan.

Get over it.

Market: Spooked Today, But Panic Attack Is Likely Temporary

Look at the history of the market. Unless leading economic indicators start going negative or the monthly job situation suddenly starts to get worse we are moving higher from here long term. 'panic selling', if it occurs at all, is if we have positive job growth in the next six months and it starts to turn largely negative again. THEN you have to worry about retesting the March lows, but it will only be temporarily.

A Cautious Look at Where Markets Are Headed

Jim Cramer said yesterday that we have seen the highs in the market for the rest of the year. Sounds like it is time to buy!!!

After 2008, Are We Due for an Up Year?

I agree. I say we go higher and hit Dow 10,500 by the end of the year.
After that it is anyone's guess.

Global Update: Shorts Rising Incrementally Around the Globe

GDP should be positive next quarter. No need for the market to drop.

Social Security: Here's How to Extend the Fund's Life

You telling me Rick Wagoner of GM worked longer and harder than any of his lower level manager? I don't believe it.


On Sep 14 10:54 AM Dan in mpls wrote:

> Perfect. I pay into my retirement and get nothing out of it. They
> might just as well extend that to 401K plans as well and conficate
> that as well. There is zero difference. Now I'd like to hear the
> quick fix for medicare and medicaid to see how much that will cost
> the hardest workin bunch of Americans. We, the "wealthy" ,are not
> all movie stars, CEO's of major corporations and the like. We work
> huge hours and harder than any of our employees and, by God, we've
> done well in this once Capitalistic country where hard work was rewarded.
> The moral hazard of socialism will kill this goose soon enough so
> I should lay off my rants. But I won't.

Market Upside Exists, Resistance Persists

Cool Chart

The Great Depression, Unemployment and Recovery

How can the chart say that World War II not gov't spending prompted the economic recovery when the U.S. borrowed massive amount of money to employ people to build planes, tanks, etc. Where do you think we got the money to employ all these people to support the war effort (combat and non-combat)?

Purchasing Power Comparisons

Of course Mississippi is high. They get almost twice as much in federal tax revenue then what they pay in taxes. Give thanks to Trent Lott folks.

www.taxfoundation.org/...