Still doing the big stretch
#3
Posted 30 December 2006 - 05:43 AM
Edited by Jnavin, 30 December 2006 - 05:47 AM.
#4
Posted 30 December 2006 - 09:19 AM
The lynchpin of his 'Silent Crash' theory appears to be the relationship between the SPX and gold--or what he calls 'real money'.
On 10/10/02 the SPX bottomed at 768
On 10/10/2002 an ounce of gold was $320
Today the SPX is at 1418 +84.6% gain from 10/02
Today gold is 638 a 99.4% gain from 10/02
Approximately 15% difference in gold/SPX performance. Not exactly a silent 'crash'.
Some folks could argue that the SPX has another 15% of rally ahead based on the same data interrelationship.
Another perspective...
A share of RIMM cost $4.51 on 10/10/02
--today that same share is worth $127.78
RIMM is over 27 times more valuable now than then...and there are plenty of other similar examples.
#5
Posted 30 December 2006 - 09:34 AM
"glaring divergence"....where is it written that "divergence' has anything to do with stock market analysis.....its nothing but a fools game....like 3 peeks in dome house n other nonsense like that.......sighThat presentation is accurate about the present lack of new highs in the SP500 and Nasdaq versus the year 2000...a glaring divergence.
Whether Elliott Wave is a pseudoscience or not is irrelevant to that issue.
#6
Posted 30 December 2006 - 04:43 PM
#7
Posted 30 December 2006 - 04:55 PM
"glaring divergence"....where is it written that "divergence' has anything to do with stock market analysis.....its nothing but a fools game....like 3 peeks in dome house n other nonsense like that.......sighThat presentation is accurate about the present lack of new highs in the SP500 and Nasdaq versus the year 2000...a glaring divergence.
Whether Elliott Wave is a pseudoscience or not is irrelevant to that issue.
in spite of all your harrumphing, you have to admit that gold and commodities have been better investments than stocks for quite some time and isn't that what investing is all about - making money. your devotion to stocks is laudable but probably misplaced for most people. he's right about where the average guys money should have been.
#8
Posted 30 December 2006 - 04:58 PM
#9
Posted 30 December 2006 - 05:12 PM
Edited by Vector, 30 December 2006 - 05:22 PM.
#10
Posted 30 December 2006 - 05:25 PM
"3 peeks in dome house". LOL, what a joke that is. Like a mirage. Fools gold.
might as well throw darts on a board... in a domed house...