Here are the covers of the latest issues of Forbes, Business Week, and Time Magazine. I especially like the Business Week cover. These are simply reinforcing and reflecting the public's already profoundly bearish sentiment. Any break in the clouds will send this market way up.
7 comments:
Print media covers have been suggesting important bottom in the making for months now.
My question is this: If you think Q's could drop to 34-35, how in the heck do you think s&p bottoms anywhere near yesterday's lows?
Aint happenin. Either Q's strengthen and lead mkt up or they remain diseased and pull everything lower like they have been for the past couple weeks.
Carl
you have been putting up mag and newspapers covers up since 13,000. They've been right and you've been wrong.
carl, some historical mag covers here which might be of interest....
http://www.tradertom.com/documents/Time_DOW.pdf
Ditto. Agree 10.11 ans 10.20
I expect my original targt of 1070 to be reached. I posted this about a month ago when snp was 1300 and you were saying 1500. (wine bet time)
Catherine
Carl my man, you need to supplement your box theory with some type of filter. I like you blog and I'm a fan of your work because it has merit in the context of support and resistance. But, your understanding, or lack of acknowledgement, of fundamentals really makes you look like a clown. And, I know you are not.
We are just about ten percent from a low from what I see. Then we will rally. Although I don't believe that will be the ultimate bottom.
Oh, the Republicans were not voting to tank the economy. That bill's content was criminal. Bailing out foreign central banks? The global economy as we know it is over and pissing my money down the tube to try to save it is something most Americans don't support. Freeing up money for the American economy is something I do support.
Frankly, f&ck globalization. It's over anyway.
I think carl wants to go on CNBC that's why he is ALWAYS bullish!(and claims he's a democrat ... notice that the last three letters spell RAT!)
Your George Lindsay posts were spot on, and then you disregard them during this bear market ... Why? You predict the market to go down, then wehen it does starts going down you call for a massive rally! Are you Japanese? I'm sure they have been hoping for a rally since 1992.
Rick B.
This cover turned out to be remarkably correct, from June 11:
http://www.newsweek.com/id/140565
As Keynes is reputed to have said, the market can remain irrational longer than you can remain solvent!
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