Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Tuesday, September 16, 2008
The End is Near
Here is an image of the front page of The New York Times. It is worth noting that headlines like these generally occurs within a few days of a very important low.
5 comments:
Anonymous
said...
Hi Carl - I agree we could soon see a low - however, a lot can happen in a few days, esp. if the market drops 60 es points a day.
You have been putting to much reliance on front page headlines for about a year now.
Will we rally some here - possibly
But, take an unbiased look at a weekly chart of the S&P. I see lower lows and lower highs and no reason for this trend to reverse. Calling bottoms at this point seems rather premature.
Thanks for the great blog--would you consider writing an update to your "front page" type posts given how many there have been the last year, and given how many times you've pointed out the negative sentiment reflected in them, only to see the market head lower? To echo 10:18, I remember your posts going back more than a year now, and, if anything, they've been an accurate reflection of where the markets later headed. Your thoughts on this would be much appreciated, since you've obviously been following this sort of thing for a long time! Thanks again.
Take a look at the right hand side of my blog. The link that says "index of contrary opinion posts" will get you to a list of links to all my headline and magazine cover posts.
It's the same crap with you. Where's the big rally that you've been talking about for months? The news media has been groom & doom for over 1 year already. They've been right so far. And you? WRONG as always.
Here is an image of the front page of The New York Times. It is worth noting that headlines like these generally occurs within a few days of a very important low.
5 comments:
Hi Carl - I agree we could soon see a low - however, a lot can happen in a few days, esp. if the market drops 60 es points a day.
Carl,
You have been putting to much reliance on front page headlines for about a year now.
Will we rally some here - possibly
But, take an unbiased look at a weekly chart of the S&P. I see lower lows and lower highs and no reason for this trend to reverse. Calling bottoms at this point seems rather premature.
Thanks for the great blog--would you consider writing an update to your "front page" type posts given how many there have been the last year, and given how many times you've pointed out the negative sentiment reflected in them, only to see the market head lower? To echo 10:18, I remember your posts going back more than a year now, and, if anything, they've been an accurate reflection of where the markets later headed. Your thoughts on this would be much appreciated, since you've obviously been following this sort of thing for a long time! Thanks again.
Take a look at the right hand side of my blog. The link that says "index of contrary opinion posts" will get you to a list of links to all my headline and magazine cover posts.
It's the same crap with you.
Where's the big rally that you've been talking about for months? The news media has been groom & doom for over 1 year already. They've been right so far. And you? WRONG as always.
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