Tag Archives: Hedge Funds

Did S&P 500 Bottom at 666?

Posted on April 15, 2009 by

Did S&P 500 bottom at 666 (on 3/6/09)? Answer: It will likely take the rest of 2009 to know the answer. This symbolic market index number appears to be the latest bottoming call for the growing multitude of in-print and on-the-air callers, some of whom have been calling for more than a year. (Some even said they ‘smelled a bottom’… in print, no kidding… as early as February 2008.) Unfortunately, we failed to keep a count of them for you. Such dead-wrong, but easily forgotten, market calls prompt us to recite one of our favorite rules from the Official Forecaster’s … Continue reading →

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This Time it is Different

Posted on October 14, 2008 by

The 1930s credit conditions sound annoyingly familiar today, but this time they’re global. The Fed’s activity level is now remarkably dissimilar to the Depression era. This time around, the US Treasury is taking a hyper-active leading role. Its actions have produced loud voices of protest from the public and a significant portion of the Congress, mostly based on the notion that a surviving America with government-owned banking, securities and insurance industries and maybe more is not the America they want to live in, or hand over to the next generation. One important market similarity existed between (a) the period before … Continue reading →

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