From the desk of

I have no affiliation with this writer, but this came through via email, so I thought worth sharing. I know were are all basically f*cked over the next few years in a more serious way probably anyone can imagine, but hadnt expected so much down so soon. I have posted my own (lower) targets before based on my own work, which I shared here recently: A new president will soon be sworn into office, markets are recovering and there is an emerging optimism that the worst may be over. I'd be so happy if that were true. NEoWave structure, unfortunately, tells me the worst is just about to begin. Within less than two months (it could be as soon as a few weeks or even less), the S&P should embark on one of its most violent, scary declines in market history. Wave structure currently suggests a 50% decline (from current levels) is possible in 1-2 months! The markets are not prepared for this; the world is not prepared for this, but we will have to deal with it. The only way this will not occur is if the cash S&P is able to exceed 1006 before breaking last year's low. If 1006 is exceeded, then the future is not clear and I will have no opinion for a while. As long as 1006 is not exceeded, the outlook is dire. As most of you know, I turned officially bearish on the U.S. stock market in mid January 2008. From that point forward, the S&P moved almost exactly as expected all year. Unlike the last 12 months, the next 12 months will be the most treacherous we've ever seen. The only good news I have to report is that, after the big drop, the bear market will be over; but, by then, no one will believe me and the majority of the public will no longer be interested in the stock market. Mutual fund redemptions will reach historic levels - within 1-2 years, financial business and radio shows will start to go off the air and the public's disgust with Wall Street will be so high that a pandemic of law suits will breakout. I do not like being the purveyor of bad news, but wave structure tells me 2008 was just the warm-up for what's coming. Please do everything you can to prepare for this major, financial storm.

He's got the same number I had earlier, within a point. $1,007.51 is the biggie. U.F.O.

He's got the same number I had earlier, within a point. $1,007.51 is the biggie.

U.F.O.

I missed it, my only up level was 920 to 945.


Maaaaan this stuff scares the living [bleeeep] outta me, and what it means for the world.

Had a girl I met ages ago contact me earlier tonight. Shes a stunning girl from ukraine, one of the good ones, saying there is no gas being supplied as cut off from Russia. Its minus 30. In Romania people have been dying from freezing to death.

Point is, tension i all areas.

Thanks for sharing Tor, ouch Glen must be factoring in some lower SPX earnings. Within a few wks or 2 months the rollover is to begin. darn, I'm back to where I started from...

The news is just about getting bearishly bad enough to support a rally. The phrase "climbing a wall of worry" didn't come into being during a euphoric bull move. Sorry about your friend, however. Putin $ucks.

U.F.O.

Russian women are stunning, Im glad my husband didnt get there before he met me! still, my grandmother was from Grodno, and they had no gas at that time, and she lived on a dirt poor farm without shoes, let alone gas - one doesn't need to freeze to death, as long as one takes precautions. as far a Ukraine goes, if their own politicians stopped having these histrionics and infighting, things would get a lot better for everyone there - it is not all Putins fault.

I do not like being the purveyor of bad news, but wave structure tells me 2008 was just the warm-up for what's coming. Please do everything you can to prepare for this major, financial storm.

Yes he does. Its his favorite thing. thats how he gets all of his subscribership. He's been doing these types of world is gonna end thingys since at least 1999. He drips and oozes this kind of thing. I love his out clause. "IF 1006 is exceeded all bets are off, and I keep my mouth shut."

Edited by nimblebear, 11 January 2009 - 07:43 PM.

I think I still have a closet full of beans left over from the last time he scared the dickins out of me....

I just dont see any value to that. If my weekly forecast is about right, we finish W4 in 4 weeks and W5 in August and try to trade around that. And nothing about 1007 makes the W5 the end of the world. But 1000 to 600's is 40%, not quite his 50%. How is that the end of the world? It could be a good beginning for the world. Who cares about wall street.

some of his commentary reminds me of and infomercial "buy NOW, but wait theres more" too wishywashy

Edited by snorkels4, 11 January 2009 - 10:28 PM.