tag:blogger.com,1999:blog-12333088.post7076561778512533..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Two breakouts - point 20 - and wave 4Carl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-12333088.post-16650048220093244612011-07-21T21:15:48.958-04:002011-07-21T21:15:48.958-04:00Thanks Carl for your generosity for offering this ...Thanks Carl for your generosity for offering this free to the public! Yesterday trades were simply AWESOME.adminhttps://www.blogger.com/profile/11101778322944326486noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-75054398825072535352011-07-21T20:29:25.030-04:002011-07-21T20:29:25.030-04:00Bill,, if you study past bull and bear markets, yo...Bill,, if you study past bull and bear markets, you will find that the lead/lag relationship between the stock market and economic growth is anything but coincident. It is very easy for stocks to rally big without the economy being aligned as you say. There is an enormous disconnect between prices and fundamentals which is precisely why Mr. Buffet sometimes needs to wait years before everyone else recognizes the value in his investments. MKqhttps://www.blogger.com/profile/04765040238539117221noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-57911477223176744502011-07-21T15:16:10.562-04:002011-07-21T15:16:10.562-04:00@Bill
"The fed and politicians will simply n...@Bill<br /><br />"The fed and politicians will simply not let it happen, and the US can not afford another recession financially."<br /><br />Do you really think they're almighty and can avoid the unavoidable ? The more they'll fight against the deleverage that has to happen, the toughest it'll be.Davidhttps://www.blogger.com/profile/00162981907446503799noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-53238330451071738472011-07-21T13:25:34.836-04:002011-07-21T13:25:34.836-04:00Agreed.. I see NDX targeting just shy of 3000 and ...Agreed.. I see NDX targeting just shy of 3000 and I fully believe the crowd is underestimating the asset reallocation that may happen post-Aug 2nd debt ceiling resolution as all the pm's are underinvested in equities which are considered fundamentally cheap. Not to mention, if EURUSD gets much higher, we may see some unexpected fuel added to this risk-on fire.qhttps://www.blogger.com/profile/04765040238539117221noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-83074555788820416772011-07-21T11:59:23.495-04:002011-07-21T11:59:23.495-04:00Great technical analysis Carl. Though I believe t...Great technical analysis Carl. Though I believe that the fundamentals need to match the technicals for technical analysis to work, which means both the technicals and fundamentals need to be aligned. I don't believe they are in your analyisis mainly because the US economy is coming out of a recession, in my opinion it's been a slow clime and it will continue. Actually it's just getting started. So I can't envision any sort of bull market top this year, or put it another way a bear market can not start on October 25 as you suggest. The economy is powering ahead today, albeit slowly, and it'll be powering ahead in October. There have been and will continue to be soft patches but not enough to trigger a bear market. I believe in 2009 started a decade similar to the 90's, 10 years of economic growth and no bear market. The fed and politicians will simply not let it happen, and the US can not afford another recession financially.Billhttps://www.blogger.com/profile/15515218349376008994noreply@blogger.com