Comments on: Our Man Chuck Turns Bullish as All Get-Out

By: flash

flash — Sat, 07 Aug 2010 08:22:49 +0000

Without a major economic stimulus, it seems likely that the marekt will tumber 800 points from here- i am talking about stimulus here and in europe and in china. one has to ask themselves why does felix zulaf se the market going to 500. at that point you have capitulation. the Democrats better surpirsie everyone and win the House. If you see a 500 market in thenext 2 years, romney the hedge fund guy the Mormon will be President. and i am sure we can accept a Mormon since gay marriages will be legalized- count on Kennedy to come through like he did on sodomy- if gays and lesbians flock to the polls to vote DEmocratic-the Gop dream will never come to frution. the problem is they only have 3 months to organize flashofagenius@att.net

By: Mike

Mike — Sat, 17 Jul 2010 17:16:35 +0000

I don’t understand what you mean when you say that “the origin of all this methane is unknown”. It comes from the same place the oil comes from.
The US Geological Survey should have a lot of info on gas reserves. At least in the US, we have a lot more natural gas than oil.

By: ricecake

ricecake — Mon, 12 Jul 2010 22:59:03 +0000

SDavid, When the WWIII is for sure coming, Prechter will be right then. lol

But again one will never know. Never say never when things get really ugly, it becomes a beast.

By: SDavid

SDavid — Mon, 12 Jul 2010 21:51:19 +0000

Both Faber and Prechter seem to get too much credit. A lot of people praise Faber for calling a bottom last March, when in fact many analysts did. Faber also called a top back in October which didn’t work out quite so well. As for Prechter, I am sure he will be right eventually, but when? Prechter has been calling for a 40% decline in the price of gold …. I don’t like his odds of being right on that one, but strange things happen nowadays when “big brother” and the stock market/financial system are synonomous.

By: ricecake

ricecake — Mon, 12 Jul 2010 20:50:08 +0000

After the New York Time’s Prechter interview, it’s expected much easier for the Congress pass another Stimulus act. lol

Don’t you know people like Prechter or Mac Fabre can be used as the tool for political policy change manipulating? Since no one want to hear Krugman, there are many krugman variation out there can sing the same swan song in different tones.

By: Rich

Rich — Mon, 12 Jul 2010 15:09:17 +0000

From ZH:
analysts are once again at near all time record bullishness on stocks.As a reminder, the consensus view is for a 2010 absolute EPS of 82, and for a simply ridiculous all time record 96 in 2011, higher than the 88 seen at the all-time high three years ago, when the economy had the benefit of a multi-trillion shadow credit system.

By: Rich

Rich — Mon, 12 Jul 2010 13:53:00 +0000

Wylie Coyote market with SPY trading on air up to 3 day BB upper band. Smelling a giant methane bubble in this market…

By: Jeff Kahn

Jeff Kahn — Mon, 12 Jul 2010 11:13:39 +0000

Sentiment is relevant when you have the public at large in the market. When the market is dominated – as it is now – by sovereign wealth funds and hedge funds and the casino departments of international banks – sentiment is less than irrelevant.

By: Gary Paul

Gary Paul — Mon, 12 Jul 2010 11:10:00 +0000

O.K. it looks like I owe someone an apology. I am just now learning that this BP oil leak could indeed be as catastrophic as suggested on this blog. I had no idea there was that much methane under the earth. And since the origin of all this methane is unknown, I’ll have to keep my mind open to all possible theories.

By: crash and burn

crash and burn — Mon, 12 Jul 2010 09:14:16 +0000

I read a lot from the newsletter community. I can’t recall ever seeing more bearishness than I have in the past few weeks. It kept me from shorting last week and it turned out to be a good move. I think mostly likely this rally is for shorting like everyone says.