The Next Crash - Part I: How the First Bounce of the Debt Deflation Bear Market Ends

[Crazyfingers]

Re: The Next Crash - Part I: How the First Bounce of the Debt Deflation Bear Market ends - Eric Jans

ITS GETTING DEEP IN HERE! warning warning Fanbois everywhere! Seems like alot of selective memory is goin on. The issue isnt that EJ didnt advise customers to get in the stock market. It is that he proclaimed in AUGUST that the stock market was going to crash by 40% by end of year. And kept confirming the call for 4 months. If the itulip way is wealth preservation, (gold/treasuries) then why bother telling his customers about a 40% crash in the stock market? Unless the itulip allocation was going to move gold or treasuries to BUY SHORTS, then WTF was the point of making such a call?
Folks be careful.

[bart]

Re: The Next Crash - Part I: How the First Bounce of the Debt Deflation Bear Market ends - Eric Jans

ITS GETTING DEEP IN HERE! warning warning Fanbois everywhere! Seems like alot of selective memory is goin on. The issue isnt that EJ didnt advise customers to get in the stock market. It is that he proclaimed in AUGUST that the stock market was going to crash by 40% by end of year. And kept confirming the call for 4 months. If the itulip way is wealth preservation, (gold/treasuries) then why bother telling his customers about a 40% crash in the stock market? Unless the itulip allocation was going to move gold or treasuries to BUY SHORTS, then WTF was the point of making such a call?
Folks be careful.

*yawn*

ITS GETTING DEEP IN HERE! warning warning anti-Fanbois everywhere! Seems like a lot of short term memory is going on. The issue isn't that EJ didn't advise customers to get in the stock market. It is that he proclaimed in August that the stock market was going to crash by 40% by end of year and isn't perfect or angelic, just like every single trader or investor in the entire world. Part of the iTulip way is wealth preservation, (gold/treasuries) but some people are shorter term traders and want to know about his view of a 40% crash in the stock market? No one is required to follow his views and should be responsible for their own acceptance and choice to follow anyone's recommendation - and any trade carries with it the areas of risk and use of stops, etc. If "you" followed it and lost big, then who was it that didn't practice risk management, etc?

Folks, always be careful.




There is not one person in the entire trading and investing world that's anywhere near close to right 100% of the time.

Bitching or criticizing is fine, but things like the use of emotionally charged words like fanboys and without positive or alternate or similar suggestions doesn't help much, if any. I don't agree with some of EJ's work or views, but so what - overall he does good creative work that mostly doesn't appear anywhere else, at least without a time lag.

We're (hopefully) all here to learn and be exposed to alternate views that will hopefully help our individual trading or investing efforts, and in my opinion its one of the best boards on the intertubes for that. Is it perfect? Hell no... but its way above average and in my personal top ten.

[Ben]

Re: The Next Crash - Part I: How the First Bounce of the Debt Deflation Bear Market ends - Eric Jans

Quoting my own post:

More accurately, he said there would be a rally, leaving it open for readers to participate, but incorrectly forecasted that it would last for under a year

[harset]

Re: The Next Crash - Part I: How the First Bounce of the Debt Deflation Bear Market ends - Eric Jans

*yawn*........ Is it perfect? Hell no... but its way above average and in my personal top ten.

Wats your other top 9.....

[bart]

Re: The Next Crash - Part I: How the First Bounce of the Debt Deflation Bear Market ends - Eric Jans

Wats your other top 9.....

A few are Ritholtz' Big Picture, Jesse's Cafe Americain, Zero Hedge, Business Insider (and my own data & chart slut work ;-) - a very eclectic combination partially designed to help me avoid getting blindsided.

[metalman]

Re: The Next Crash - Part I: How the First Bounce of the Debt Deflation Bear Market ends - Eric Jans

Quoting my own post:

brings us back to the topic of this article... right in the lead... 'bounce lasted 4 months longer then we expected'

most sites don't put the mistakes in the subhead for all to see.

then it goes on to say that the sovereign debt crisis etc will now... 4 months later... take down the markets but send gold up.

that was on apr 28. since then?





never too late to fix a mistake & get it right.

[Camtender]

Gold Decoupling - Dow down 1,000 & Gold breaks $1,200

Is this the Gold decoupling we have talked about?

	Metals	Date	Time	Bid	Ask	Change		Low	High
			(EST)
	GOLD	5/6/2010	14:57	1205.3	1206.3	29.7	2.53%	1174.7	1209.9

http://money.cnn.com/2010/05/06/mark...york/index.htm

NEW YORK (CNNMoney.com) -- Stocks selloff sharply Thursday, extending the recent downturn as investors continued to worry that Europe's debt problems will slow a bigger global economic recovery.
The Dow Jones industrial average (INDU) lost as much as 997 points in volatile trading.

[Slimprofits]

Re: Gold Decoupling - Dow down 1,000 & Gold breaks $1,200

that was incredible. total panic on CNBC. Erin Burnett almost lost control on the air.

Look at the yen!

[Kadriana]

Re: Gold Decoupling - Dow down 1,000 & Gold breaks $1,200

Only down 330 now. What happened?

[Slimprofits]

Re: Gold Decoupling - Dow down 1,000 & Gold breaks $1,200

Look at Proctor & Gamble

The Dow went down 500 points in about 15 seconds

[ST]

Re: What did todays market action tell us about metals and Gold?

How about commodities, in general, today ex-gold? Down across the board.

[thriftyandboringinohio]

Re: Gold Decoupling - Dow down 1,000 & Gold breaks $1,200



Now THAT'S a chart.
The dry cleaners will do brisk business cleaning trousers on Wall St. tonight.
The barkeeps may sell a few extra martinis as well.

[Slimprofits]

Re: Gold Decoupling - Dow down 1,000 & Gold breaks $1,200

edit: CNBC Jocks (EJ parlance) are blaming the nerds and fat people

Typical ain't it?

i.e. a "fatfinger error" or a "computer glitch"

RoTN!!!!

[Camtender]

Re: Gold Decoupling - Dow down 1,000 & Gold breaks $1,200

Metals held their own today!!!

SPOT PRICE IS OPEN

Price: US$/lb

Copper	May 06,14:27

Bid/Ask	3.1194	-	3.1240
Change	+0.0000		+0.00%
Low/High	3.1194	-	3.1330
Charts

Nickel	May 06,14:26

Bid/Ask	9.8006	-	9.8460
Change	+0.0227		+0.23%
Low/High	9.7779	-	9.8573
Charts

Aluminum	May 06,14:28

Bid/Ask	0.9227	-	0.9272
Change	+0.0000		+0.00%
Low/High	0.9204	-	0.9272
Charts

Zinc	May 06,14:24

Bid/Ask	0.9415	-	0.9460
Change	+0.0023		+0.24%
Low/High	0.9392	-	0.9460
Charts

[vinoveri]

Re: Gold Decoupling - Dow down 1,000 & Gold breaks $1,200

We do need that PPT to protect us americans ..... $%$#%#$%
this is why it is extremely dangerous to short anything anymore with any conviction ... free markets, no FW, get over it.

My cynical side tells me this is another one of Wall Street/Banking Cartel threats of "don't even consider regulating us Congree, or we'll show you who's the boss ... just watch us today for a sample"