you guys do realize don't you that Neowaves call is Eactly the
same to our call with the Major wave C down to new lows. We
have had this wave count since January 2008! go back and
veryify. Oct 07 - March lows wave Major wave A, this counter
trend bear market rally is Major wave B, then Major wave C down to
new lows.
Posted by canadianguy on 18th of Jun 2009 at 01:31 am
matt, if the US market makes new lows in the next few quarters,
where do you see gold going? would you expect it to go down with
the market or make new highs ?
i have found generally when the market is tanking it takes gold
down with it, but perhaps this time gold will be on its own
Posted by paige386 on 17th of Jun 2009 at 09:09 pm
that we will see new lows? Not that I think he is the
greatest but Cramer had pointed out some things when we hit the
lows in the S&P that if we went any lower all of the banks
would have to go out of business.
Anybody have any spread sheets that calculates the S&P 500
so we can play with the numbers to see what would have to happen to
see new lows?
I love wave analysis but I think an alternate count is in
order, probably more of a sideways correction from here.
well, put me down on the "we'll-see-new-lows" side. We
hear a lot about unemployment and how difficult the recession is,
etc etc. but its not really so bad. People are still
eating out all over the place and buying stuff at Best Buy.
You simply cannot have the "worst financial crisis of the last 100
years" which is how EVERYONE has described it, and now its
magically over and we'll limp along for a couple years and then get
back to normal. The reason there is so much hope now is that
people can still REMEMBER what the good times felt like only a
couple years ago. California is expecting a new wave of
foreclosures from all the people who have bought houses over the
past year thinking that prices can't go much lower. There is
no despair out there. That's what will come with the next
wave down to new lows. Then the good times will be old
history. I've got grandchildren growing up facing all this --
so I hate to say it. But its true.
Posted by rgoodwin on 18th of Jun 2009 at 10:19 am
The whole country has another giant wave of likely foreclosures
coming. The resets of the 5 and 7 year arms from folks that bought
in 2004 - 2006 haven't even hit the market yet - they will in
2010,11 and 12. Anyone that has not refinanced already - and likely
plenty of them because refinancing requires you plump a ton of cash
into your home which has lost 20% or more of its
valuealready, will be on the dole or mailing in their keys.
It's a vicious cycle for which there is no easy way out.
Posted by dylan398 on 18th of Jun 2009 at 10:12 am
How do you think the first years of the Depression were?? I'm
sure many still went out to eat....I'm sure many still thought we'd
bounce right back.."green shoots"...heck there was a huge market
rally in 1930.....
Posted by paige386 on 18th of Jun 2009 at 10:31 am
My daughter brought the world wide flu pandemic home I have had
the H1N1 for almost a week now just about over it not really any
different than any other flu I've had. Tamiflu seemed to work just
fine along with some Nyquil.
Personally speaking, I don't trade very well when I am sick,
(which is not very often), or when I am afraid (for whatever
personal reason). I sit out and give myself a pep talk or an
attitude adjustment, whichever is needed, whether I like it or
not. Even a mild case of that flu is very traumatic.
Wishing you and your family a full and speedy recovery.
I've discovered that price doesn't always depend on what's
going on with a company's fundamentals. A company doesn't have
to change fundamentally to lose 90% of its share price, or to gain
1000%. A great deal of it has to do with perspective. So I think
that whether or not we achieve new lows has very little to do with
fundamentals.
Posted by paige386 on 18th of Jun 2009 at 09:34 am
yes your right about the price of a stock, it doesnt' always
reflect the current fundamental standing of the company. Take the
case during the big drop we saw of CHK Chesapeake Energy, the
drop of the companies stock price to 9.84 wasn't due to the fundies
of the company the price of natural gas or the price of tea in
China. It had to do with the CEO being dumb loading up at the top
of the market with stock on margin and being forced out of all of
his shares. This reflects the price of alot of stocks hedgies going
out of business at the same time deleveraging and being forced out
of their stock.
again the comment wasn't to praise Cramer it was to point out
that ALL of the banks would have to go out of business to go below
666. With the government backing them up now, changes to mark to
market allowing them to carry toxic assets on their books until
they can erase those losses by getting free money from the fed and
charging interest. Just doesnt' seem likely that the US Government
is going out of business.
Posted by paige386 on 17th of Jun 2009 at 10:49 pm
like I said, once in a while he does come up with something of
interest and the point of how many companies that have to go out of
business for the S&P to go lower that 666 would probably never
happen.
Posted by billrosen on 18th of Jun 2009 at 08:01 am
anyone can make 50 picks a day and be right on a few...CRAMER is
horrendous and also then lies about his previous calls all the
time...agreed worse than Madoff
There was an article in Barron's or the WSJ last Winter that
said that many of Cramer's picks had moved in the direction of his
recommendation a week or so before his recommending them. So the
question was "is there a leak of information"? Their
conclusion was no because he is a momentum player. However, 2/3
weeks later his recommendation had lost money in the vast number of
cases.
I read that article long ago and can't remember all the details
but it did tell me to Never get involved with him.
did you see some of the videos of CRAMER showing his previous
picks and where they are after he picked them, and then the later
clips he said to sell when he said to buy? The guy is total liar.
See the Jon Stewart (who I cannot stand by the way) videos that
destroy CRAMER with his wrong picks? Yeah he makes a lot
of money with his show and founding the street.com, but it is dirty
money taking advantage of poor souls who do not know any better,
killing the retirements of our parents and granparents in this
country. He is no different than the burglar that robs a house,
actually worse now that I think about it, because he costs people
far a more than a burglar would and he profits from his bullshit.
Shame on his network for allowing him to be on, but it's all about
the money. I despise him for that, although you may have a point he
does influence a lot of people, whether he has the power to move a
stock, who knows.
Posted by rgoodwin on 18th of Jun 2009 at 09:41 am
I ditto that - why spend a minute of your life on his BS and bad
information. Besides his antics are so stupid. I watched his show a
couple times years ago and never again - I can't stand him. I would
rather have a root canal than have to watch his show.
Posted by dylan398 on 18th of Jun 2009 at 09:53 am
I used to find him somewhat entertaining...but after the
pantsing by Stewart and his subsequent lovefest with the new
administration (complete 180)...i find myself yelling
uncontrollably @ the TV...whenever he is on..
matt -- speaking for myself, of course, I realize that.
What is interesting about the neowave thing is just that he is
calling a specific time-frame -- he's saying the top is in now, or
in the next ten days. Just interesting is all.
Posted by rgoodwin on 17th of Jun 2009 at 08:27 pm
That was my only thinking when I read it. How far do we believe
the TOP IS IN? I have been listening to Matt and Steve all along
and trust their analysis without question - but even if neo
believes the "top is in" if it goes a little higher to the 1000
level, I guess he can always say he was a "little off" I'll stick
with Matt and Steve and their DAILY input to the roadmap. Makes me
sleep much better at night knowing the GPS is programmed for
tomorrow! LOL!
NEoWave Warns !!!!
Posted by lpwise on 17th of Jun 2009 at 03:46 pm
Elliott Wave analyst warns of market top in June:
http://www.prweb.com/releases/2009/06/prweb2537224.htm
appreciate your sharing Neely's call!
Posted by zybala on 17th of Jun 2009 at 05:41 pm
appreciate your sharing Neely's call!
you guys do realize don't
Posted by matt on 17th of Jun 2009 at 08:02 pm
you guys do realize don't you that Neowaves call is Eactly the same to our call with the Major wave C down to new lows. We have had this wave count since January 2008! go back and veryify. Oct 07 - March lows wave Major wave A, this counter trend bear market rally is Major wave B, then Major wave C down to new lows.
matt, if the US market
Posted by canadianguy on 18th of Jun 2009 at 01:31 am
matt, if the US market makes new lows in the next few quarters, where do you see gold going? would you expect it to go down with the market or make new highs ?
i have found generally when the market is tanking it takes gold down with it, but perhaps this time gold will be on its own
you really think
Posted by paige386 on 17th of Jun 2009 at 09:09 pm
that we will see new lows? Not that I think he is the greatest but Cramer had pointed out some things when we hit the lows in the S&P that if we went any lower all of the banks would have to go out of business.
Anybody have any spread sheets that calculates the S&P 500 so we can play with the numbers to see what would have to happen to see new lows?
I love wave analysis but I think an alternate count is in order, probably more of a sideways correction from here.
IMO
well, put me down on
Posted by Michael on 18th of Jun 2009 at 10:04 am
well, put me down on the "we'll-see-new-lows" side. We hear a lot about unemployment and how difficult the recession is, etc etc. but its not really so bad. People are still eating out all over the place and buying stuff at Best Buy. You simply cannot have the "worst financial crisis of the last 100 years" which is how EVERYONE has described it, and now its magically over and we'll limp along for a couple years and then get back to normal. The reason there is so much hope now is that people can still REMEMBER what the good times felt like only a couple years ago. California is expecting a new wave of foreclosures from all the people who have bought houses over the past year thinking that prices can't go much lower. There is no despair out there. That's what will come with the next wave down to new lows. Then the good times will be old history. I've got grandchildren growing up facing all this -- so I hate to say it. But its true.
Michael
Posted by rgoodwin on 18th of Jun 2009 at 10:19 am
The whole country has another giant wave of likely foreclosures coming. The resets of the 5 and 7 year arms from folks that bought in 2004 - 2006 haven't even hit the market yet - they will in 2010,11 and 12. Anyone that has not refinanced already - and likely plenty of them because refinancing requires you plump a ton of cash into your home which has lost 20% or more of its valuealready, will be on the dole or mailing in their keys. It's a vicious cycle for which there is no easy way out.
well, quite the cheery group
Posted by Michael on 18th of Jun 2009 at 10:25 am
well, quite the cheery group here, aren't we?
Now that's funny Michael!
Posted by rgoodwin on 18th of Jun 2009 at 10:30 am
Now that's funny Michael!
Depression
Posted by dylan398 on 18th of Jun 2009 at 10:12 am
How do you think the first years of the Depression were?? I'm sure many still went out to eat....I'm sure many still thought we'd bounce right back.."green shoots"...heck there was a huge market rally in 1930.....
worst is yet to come....JMHO
also -- I've mentioned this
Posted by Michael on 18th of Jun 2009 at 10:18 am
also -- I've mentioned this before -- don't underestimate a worldwide flu pandemic as fan event that could help drive the market to new lows.
My daughter brought the world
Posted by paige386 on 18th of Jun 2009 at 10:31 am
My daughter brought the world wide flu pandemic home I have had the H1N1 for almost a week now just about over it not really any different than any other flu I've had. Tamiflu seemed to work just fine along with some Nyquil.
Paige
Posted by andreac on 18th of Jun 2009 at 10:51 am
Personally speaking, I don't trade very well when I am sick, (which is not very often), or when I am afraid (for whatever personal reason). I sit out and give myself a pep talk or an attitude adjustment, whichever is needed, whether I like it or not. Even a mild case of that flu is very traumatic. Wishing you and your family a full and speedy recovery.
thanks for the good wishes,
Posted by paige386 on 18th of Jun 2009 at 11:07 am
thanks for the good wishes, I agree usually when I'm not feelling good I dont trade either or I just sit around and watch.
paige -- I'm glad to
Posted by Michael on 18th of Jun 2009 at 10:40 am
paige -- I'm glad to hear that on several levels! I wish I would get a mild case of it right now.
I've discovered that price doesn't
Posted by user32 on 17th of Jun 2009 at 11:08 pm
I've discovered that price doesn't always depend on what's going on with a company's fundamentals. A company doesn't have to change fundamentally to lose 90% of its share price, or to gain 1000%. A great deal of it has to do with perspective. So I think that whether or not we achieve new lows has very little to do with fundamentals.
yes your right about the
Posted by paige386 on 18th of Jun 2009 at 09:34 am
yes your right about the price of a stock, it doesnt' always reflect the current fundamental standing of the company. Take the case during the big drop we saw of CHK Chesapeake Energy, the drop of the companies stock price to 9.84 wasn't due to the fundies of the company the price of natural gas or the price of tea in China. It had to do with the CEO being dumb loading up at the top of the market with stock on margin and being forced out of all of his shares. This reflects the price of alot of stocks hedgies going out of business at the same time deleveraging and being forced out of their stock.
again the comment wasn't to praise Cramer it was to point out that ALL of the banks would have to go out of business to go below 666. With the government backing them up now, changes to mark to market allowing them to carry toxic assets on their books until they can erase those losses by getting free money from the fed and charging interest. Just doesnt' seem likely that the US Government is going out of business.
correct the gov't is the
Posted by dylan398 on 18th of Jun 2009 at 09:47 am
correct the gov't is the bank......and the car maker.....and the insurance company....soon to be your health care provider....
so if and when China dumps their dollars....so goes the market
jmho
Cramer??? R u serious???
Posted by captmet on 17th of Jun 2009 at 09:58 pm
Cramer ought to be arrested. He has done more damage than Madoff
like I said, once in
Posted by paige386 on 17th of Jun 2009 at 10:49 pm
like I said, once in a while he does come up with something of interest and the point of how many companies that have to go out of business for the S&P to go lower that 666 would probably never happen.
anyone can make 50 picks
Posted by billrosen on 18th of Jun 2009 at 08:01 am
anyone can make 50 picks a day and be right on a few...CRAMER is horrendous and also then lies about his previous calls all the time...agreed worse than Madoff
Cramer has a LARGE following
Posted by averageguy on 18th of Jun 2009 at 08:36 am
Cramer has a LARGE following and does move stocks. And is pretty reliable in bull moves . So offensive as he may be I still respect his influence >
Cramer
Posted by kpolzin on 18th of Jun 2009 at 09:31 am
There was an article in Barron's or the WSJ last Winter that said that many of Cramer's picks had moved in the direction of his recommendation a week or so before his recommending them. So the question was "is there a leak of information"? Their conclusion was no because he is a momentum player. However, 2/3 weeks later his recommendation had lost money in the vast number of cases.
I read that article long ago and can't remember all the details but it did tell me to Never get involved with him.
w
Posted by ravun on 18th of Jun 2009 at 09:42 am
Title: CRAMER did you see some
Posted by billrosen on 18th of Jun 2009 at 09:03 am
did you see some of the videos of CRAMER showing his previous picks and where they are after he picked them, and then the later clips he said to sell when he said to buy? The guy is total liar. See the Jon Stewart (who I cannot stand by the way) videos that destroy CRAMER with his wrong picks? Yeah he makes a lot of money with his show and founding the street.com, but it is dirty money taking advantage of poor souls who do not know any better, killing the retirements of our parents and granparents in this country. He is no different than the burglar that robs a house, actually worse now that I think about it, because he costs people far a more than a burglar would and he profits from his bullshit. Shame on his network for allowing him to be on, but it's all about the money. I despise him for that, although you may have a point he does influence a lot of people, whether he has the power to move a stock, who knows.
cramer
Posted by fixdgear on 18th of Jun 2009 at 09:10 am
i just dont watch him.
Cramer
Posted by rgoodwin on 18th of Jun 2009 at 09:41 am
I ditto that - why spend a minute of your life on his BS and bad information. Besides his antics are so stupid. I watched his show a couple times years ago and never again - I can't stand him. I would rather have a root canal than have to watch his show.
I used to find him
Posted by dylan398 on 18th of Jun 2009 at 09:53 am
I used to find him somewhat entertaining...but after the pantsing by Stewart and his subsequent lovefest with the new administration (complete 180)...i find myself yelling uncontrollably @ the TV...whenever he is on..
Maybe SEC
Posted by ravun on 18th of Jun 2009 at 09:43 am
should see if he was "front running"
i stopped watch all the
Posted by billrosen on 18th of Jun 2009 at 09:17 am
i stopped watch all the idiots on TV from MSNBC and CNBC during the day period, my trading is better and I am way less stressed...
Well, Cramer's business is showbiz...
Posted by gan_ on 18th of Jun 2009 at 08:49 am
Well, Cramer's business is showbiz... and he probably makes quite a bit from there... (and without risking any of his own money)
Maybe he's the realli smart one there.... lol
matt -- speaking for myself,
Posted by Michael on 17th of Jun 2009 at 08:14 pm
matt -- speaking for myself, of course, I realize that. What is interesting about the neowave thing is just that he is calling a specific time-frame -- he's saying the top is in now, or in the next ten days. Just interesting is all.
NeoWaves
Posted by rgoodwin on 17th of Jun 2009 at 08:27 pm
That was my only thinking when I read it. How far do we believe the TOP IS IN? I have been listening to Matt and Steve all along and trust their analysis without question - but even if neo believes the "top is in" if it goes a little higher to the 1000 level, I guess he can always say he was a "little off" I'll stick with Matt and Steve and their DAILY input to the roadmap. Makes me sleep much better at night knowing the GPS is programmed for tomorrow! LOL!
luciano -- thanks
Posted by Michael on 17th of Jun 2009 at 04:56 pm
luciano -- thanks
whoa...no green shoots..
Posted by dylan398 on 17th of Jun 2009 at 03:51 pm
whoa...no green shoots..