He's probably confusing the so-called 45% contraction in global wealth with a relatively small drop off in global output..
On Mar 15 12:38 PM Alphameister wrote:
> I happen to agree generally with your conclusions, but "fifty years > as a pro" and you are able to claim the world economy has shrunk > by 40%-50%??? Absurd exaggeration hardly serves any credibility > you might be seeking.
A more accurate headline would shurely have been "The Stock Market Continues to Tread Water".
Furthermore, going nowhere after a steep move in either direction fulfils the imporant function of working off overbought or oversold conditions, creating the setup for either a continuation or a reversal, neither of which can be forecast with any great degree of confidence.
Semiconductors, Financials Due for a Rally [View article]
Inclined to agree. FWIW SNDK posted a 0.9% rise on Friday. I see that on Wednesday it closed a gap that has remained open since it occurred way back in July 05.
Observations: 107 Adjusted R 25.8% Intercept Coefficient 10.2% PE Coefficient -.95% Positive January Return Coefficient 21.9%% PE Coefficient P Value 6.7-4 Positive January Coefficient P Value 3 .9-8 F 19.7
Yeah, and what do these numbers mean (er, apart from "Observations"...I can figure that one out myself)? I did maths A level, but that did not include statistics (that being what thickos elected for, or so I was told), so this is mumbo jumbo to me, and doubtless many others, and consequently the usefulness of what looks like a potentially useful piece of work has been severely compromised. You don't have to write a statistics 101, but a line or two on each type of statistic would assist greatly.
Christmas Rally? Maybe, But a Cold Winter Ahead [View article]
I think your position of "immense negativity on the market" is unwarranted. But, that's what makes a market, and I am comfortable (indeed perchance comforted?) that yours is the majority view right now.
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please link to a larger version.
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On Mar 15 12:38 PM Alphameister wrote:
> I happen to agree generally with your conclusions, but "fifty years
> as a pro" and you are able to claim the world economy has shrunk
> by 40%-50%??? Absurd exaggeration hardly serves any credibility
> you might be seeking.
The Stock Market Continues to Heal [View article]
Furthermore, going nowhere after a steep move in either direction fulfils the imporant function of working off overbought or oversold conditions, creating the setup for either a continuation or a reversal, neither of which can be forecast with any great degree of confidence.
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ftalphaville.ft.com/bl.../
Percentage of Stocks Above Their 50-DMAs Finally Oversold [View article]
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Adjusted R 25.8%
Intercept Coefficient 10.2%
PE Coefficient -.95%
Positive January Return Coefficient 21.9%%
PE Coefficient P Value 6.7-4
Positive January Coefficient P Value 3 .9-8
F 19.7
Yeah, and what do these numbers mean (er, apart from "Observations"...I can figure that one out myself)? I did maths A level, but that did not include statistics (that being what thickos elected for, or so I was told), so this is mumbo jumbo to me, and doubtless many others, and consequently the usefulness of what looks like a potentially useful piece of work has been severely compromised. You don't have to write a statistics 101, but a line or two on each type of statistic would assist greatly.
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