Archive for the ‘Personal Finance and Money’ Category
Projection for 11-21-2008: Bear Market Rally. Equity is dead: Capital Structure.
Bear Market Rally
I’m still bearish in the mid to long term, but tomorrow could show us a bear market rally, which should be sold into on its highs. After taking profits turn around and start shorting again.
Overall we still have a ways to go before any consideration should be taken for the equity market.
S&P Hits New Intra-Day Low, Dow Gets Close.
2008 vs 1929 charts, an update to 11-14-2008
Based on pageviews, which is the only thing I have to go off of without comments, the charts were a hit. I’m back with an updated chart since the last one, still comparing the 1929-1932 chart to now.
The 1929-1932 Chart
The now chart (as of 11-14-2008)
I really nailed it: Review of posts where I was right on about upcoming market actions dating back to early July 2008
Listed from newest to oldest:
Showed how the short term uptrend was just part of a greater long term downtrend.
Picked the DJIA for the week within $26.
A note about the current market rally. 1929 - 1932 chart and 2008 chart.
Take a look at the following chart. The famed October 1929 crash is towards the left of the chart. Look at the bottom of the chart by October before 1930. Then look at what follows it for two more years. In April of 1930 things were lookin pretty good.
Gold & Silver will skyrocket if equities start to trend higher
Gold & Silver are jumping because of the proposed fed rate cut (lowers the value of the dollar), and if the market comes back the money people have invested in “safe” treasuries will be put back into the market and the dollar will drop like a rock, pushing gold & silver sky high. If you want to keep track of the dollar index it is (DX-Y.NYB), or just search dollar index.
