Investment

» Normxxx - Wall Street recognizes when significant bottom is in place.

In response to Wall Street recognizes when significant bottom is in place. posted by permabear:

But I have trouble figuring out what the catalyst is going forward to move the market higher.

As the Red King said to Alice in Alice, Through the Looking Glass, "Verdict first; trial later." We can look for explanations after the market has risen- I'm sure Wall Street will come up with many; they are good at that.

-- posted by Normxxx

» permabear - Wall Street recognizes when significant bottom is in place.

In response to Wall Street recognizes when significant bottom is in place. posted by Normxxx:

As the Red King said to Alice in Alice, Through the Looking Glass, "Verdict first; trial later." We can look for explanations after the market has risen- I'm sure Wall Street will come up with many; they are good at that.

Norm,

You are exactly right about this. All the economic news, and I mean all of it, was horrible in the past week. And yet the stock market clings to small stimuli such as IBM buying back shares and Fannie and Freddie being allowed to expand their mortgage portfolio as news it needs to go higher. But the stock market is still 10 percent off its highs. It is still trading within a trading range. I don't believe there is enough good news to keep the party going too much longer. The stock market can rise only so many times on the hopes of the Fed cutting rates before it realizes that the Fed cutting rates is only contributing to a collapse in the dollar and a fueling of inflation. Denial of the obvious can only take the market so far.

-- posted by permabear

» Normxxx - The Real P/E Ratio?

February 2008 - What Is The Real P/E Ratio?

http://normxxx.blogspot.com/2008/02/real...

-- posted by Normxxx

» bvd53 - Wall Street recognizes when significant bottom is in place.

In response to Wall Street recognizes when significant bottom is in place. posted by permabear:

Hello Permabear! I don't post much, but I have to take my hat off to you. I'm not going to look your post up, but as far as I'm concerned you made your "offical" predictation that the Market was going DOWN at the Exact Proper spot. I've been drinkin but I dont forget! Good call! I would also like to voice my opinion about Brinkers post leaving. I'm AGAINST it LEAVING!!! I'm also AGAINST some DOPE that keeps trying to stir up stuff calling Americans "DOPES". Is he from up north? I know talk is cheap, but I would love for this smooth talking know-it-all to sit down with me, face to face, for a brief conversation!

-- posted by bvd53

» permabear - Wall Street recognizes when significant bottom is in place.

In response to Wall Street recognizes when significant bottom is in place. posted by bvd53:

Thanks for the kudos bvd. I've been arguing for a long time, especially with Kirk in the old days that we were in the middle of a secular bear market. And I stuck with that view through a very strong cyclical bull market. It was tempting to give in but I didn't, and I feel my view has been vindicated. I did go short publicly and with my own money when the S&P hit the 1550 level for the third time. I'm still short to this day. Even when we get the up days as we have in the past week, I remain confident that we are in the midst of a nasty bear market. Each little bit of economic data reaffirm my pessimistic views. And as I watch the dollar in almost total freefall right now, I am really starting to get a bit nervous about where the economy is going. It's one thing to debate these issues on a message board and another to see some of our more pessimistic predictions start to come true. Norm, Jas and I have been very pessimistic for a long time. We see dark days ahead. And I'll be darned if the storm isn't really starting to form overhead. All I can say is don't be too greedy here (with the exception of a little gold). Sometimes its better to avoid losing money than it is to try to make a whole lot of it.

-- posted by permabear

» permabear - Frank Barbera is predicting a monster bear market

http://www.financialsense.com/Market/wra...

Bulls shouldn't get overly excited by the Fed being able to save the market or the economy. According to Frank Barbera, the technicals all point to much much further to fall.

-- posted by permabear

» permabear - 1927 to 1933: chart of pompous prognosticators

Do we hear some of the same things today?

http://www.gold-eagle.com/editorials_01/...

-- posted by permabear

» Jas_Jain - FWC: Abby Cohen Demoted - To Stop S&P 500 Forecasts For Goldman

Holy Cow! One must read BULL! By Maggie Mahar to get the full significance of Aunt Abby and Uncle Al in the bubble of 1990s. These are born-and-bred NYC banking and finance cabal that I speak of, who are "raised in a culture of fraud." To me, deception and manipulation by people in the top positions is nothing but fraud, but not legal fraud that can be prosecuted. Rule by bad men and women means bad "rule of laws."

There is no such thing a rule of laws and not of men! Who make laws and, most importantly, who enforce laws?!

Jas
-x-x-x-x-x-x-x-x-x-x-x-
http://keithshepard.wordpress.com/2008/0...

Abby Cohen Demoted - To Stop S&P 500 Forecasts For Goldman Sachs

Posted on March 17, 2008 by Keith Shepard

Ouch! Oh man ... Here's a casualty of the whole credit crunch & sub-prime mess that I bet many people will overlook:
· Goldman Sachs Says Abby Cohen to Stop Making S&P 500 Forecasts (©Bloomberg)
Abby Joseph Cohen, the most bullish investment strategist on Wall Street this year, will stop making Standard & Poor's 500 Index forecasts for Goldman Sachs Group Inc.
She was succeeded in the role by David Kostin, Goldman's U.S. investment strategist, spokesman Ed Canaday said in a telephone interview. Kostin today predicted the S&P 500 may fall 10 percent to 1,160 before rebounding to 1,380 by year's end. Cohen, as chief investment strategist, last predicted the benchmark for American equities would end 2008 at 1,675, representing a 32 percent rally from its current level.
How the mighty have fallen. If you aren't familiar with Abby Joseph Cohen, here is her Wikipedia bio. It's a short write up, but to the point. You can Google her and find out more. A lot of people followed her every word during the Tech Bubble of the late 1990's. Consistently predicting the stock market is a hard way to earn a living. Especially since the market is random and chaotic and run by humans. Butt hay, give Abby some credit: she lasted longer than most in her profession, plus, she can always get a side gig as an Astrologer.
------------------------------------------------
http://www.bloomberg.com/apps/news?pid=2...

Goldman Sachs Says Abby Cohen to Stop Making S&P 500 Forecasts
By Lynn Thomasson
March 17 (Bloomberg) -- Abby Joseph Cohen, the most bullish investment strategist on Wall Street this year, will stop making Standard & Poor's 500 Index forecasts for Goldman Sachs Group Inc.
She was succeeded in the role by David Kostin, Goldman's U.S. investment strategist, spokesman Ed Canaday said in a telephone interview. Kostin today predicted the S&P 500 may fall 10 percent to 1,160 before rebounding to 1,380 by year's end. Cohen, as chief investment strategist, last predicted the benchmark for American equities would end 2008 at 1,675, representing a 32 percent rally from its current level.
The 56-year-old Cohen now has the title ``senior investment strategist' and contributor to the portfolio strategy team, according to Canaday. Her prediction for the S&P 500 this year was the highest among 14 Wall Street forecasters followed by Bloomberg.

``She will continue to meet with our clients around the world and provide commentary on financial markets focusing more on longer-term market activity,' Canaday said in an e-mailed statement.

-- posted by Jas_Jain

» permabear - FWC: Abby Cohen Demoted - To Stop S&P 500 Forecasts For Goldman

In response to FWC: Abby Cohen Demoted - To Stop S&P 500 Forecasts For Goldman posted by Jas_Jain:

Well deserved demotion

-- posted by permabear

» permabear - Wall Street Journal acknowledges secular bear market

http://online.wsj.com/article/SB12064922...

Stocks Tarnished By 'Lost Decade'
U.S. Shares in Longest Funk Since 1970s;

-- posted by permabear