8 thoughts on “We were amazed at these results

  1. If the market is the best forecaster of economic conditions, then listen to it. What is fascinating is to watch how people think they "know" where we are, what we are about to do next. It pays to remember you are not right, the market is right. The market has defied Bob Prechter since I began reading his books, subscribing to his products and talking to him directly. That was 1995, and the market still defies him even now. Yes he got one call right, the 2007 top. But he has been epic in his misreading of the market since, particularly the 2009 now. At that juncture he suggested covering shorts only because the market would no longer be in existence and therefore UNABLE to pay. The market is right. It is still going up. You are wrong. He is wrong. The market is righ. Face it.

  2. The market is the best forecaster of economic condition, we are currently in the early stages of an Elliott Cycle and Primary degree corrective wave 3 of 3 of C. This is two degree greater than the 1929 crash. No one under the age of 80 has experienced a market correction of this magnitude and this time it's global. This is simply a correction of a multiple decade market pattern that has always been a result of debt followed by default. The 3rd wave of C is swift and most destructive of all of the Elliott waves, at the end of wave 3 I expect to see the INDU under 4,000 with wave 4 and 5 to follow, ending in 2015-16. Then we get to do it all over again.

  3. I have been getting gloom and doom reports and even books sent to me for over 30 years and I am sure me parents received similar items. A couple of times I got caught up in the fear and reacted, and proceeded to watch the market move up while I was on the sidelines. Yes, I got caught in some big downturns but the market recovered eventually. I am not a pro at this.
    With all the technology and information at our tips, and this wonderful Trade Triangle, I feel these are the best of times, not the worst. The ability to communicate instantly via the Internet will cause beneficial changes to our economies and financial criminals will be exposed more easily.

  4. On How do you feel about the US economy? why did you include a fourth possible response such as "It is getting worse"?

  5. Adam,

    You could be right, but negative replies from the general population could be in your favour. What about negative replies from some that actually have some idea what is going on. Well I certainly dont know all what is going on, and I really dont like what is going on, so I am going to go for it feeling so negative myself. I may be as usual, a year ahead of what comes down. NO, I am definitely not postive on your positive spin on negative results, it is just a matter of time, but you are all into timing.

  6. My choice was very negative, but given the great majority of negative replies, I am now positive. Isn't this when markets turn, i.e. when everyone is negative?

Comments are closed.